What is Balance price range?
- BPR refers to a specific area in price history where there has been a significant movement to the upside and a significant movement to the downside.
- This can be used as a key level of support and resistance for traders and investors to watch.
- The Balance Price Range (BPR) serves as critical support and resistance.
- When the price reaches the upper or lower BPR bounds, it often rebounds.
- Such rebounds indicate possible buying or selling chances.
To properly mark BPR, arrangements are made in different steps as mentioned below.
Bullish BPR Example:-
Step 1 : Mark SIBI (FVG)
Step 2 : Mark BISI (FVG)
Step 3 : After mark BPR execution
There are two types of Balanced Price Ranges (BPR): Bullish and Bearish BPRs, which can occur on all timeframes.
In this thread, I will explain both types, provide examples, and offer guidance on how to use them for both short-term and long-term trading.
Bullish BPR (+BPR)
- BPR+ occurs when there's an aggressive move down immediately followed by an aggressive move up.
- The move down creates a SIBI FVG, and the move up creates a BISI FVG, which overlaps the SIBI FVG.
- It becomes a BPR once price retests where the FVGs overlap.
Bearish BPR (-BPR)
- BPR- occurs when there's an aggressive move up immediately followed by an aggressive move down.
- The move up creates a BISI FVG, and the move down creates a SIBI FVG, which overlaps the BISI FVG.
- It becomes a BPR once price retests where the FVGs overlap.
ICT BPR MODEL :
- Wait for price to hit a higher time frame (HTF) resistance level.
- Wait for the price to close below the BPR.
- When the next candle closes below the BPR, anticipate a rapid shift from Buy Side to Sell Side.
- Aim for a profit of at least 2R.
What are ICT Breaker Blocks and how can they be located?
- Create a price movement with manipulation to gather liquidity towards important highs or lows.
- Followed by a breakout in the opposite direction.
- During this process, a popular trading setup called Stop Hunt is formed.
- Stop Hunt involves manipulating the price to trigger buystops or sellstops orders.
How to identify breaker block?
- It is simplified into steps:
What is an Order Blocks?
- Definition: Order blocks are significant zones in the market where major buy or sell orders from institutional traders have been executed.
- These clusters are located at specific price regions within the market.
- Order blocks exert significant influence over price action, market sentiment, and liquidity.
ICT Order blocks:
- Order blocks can be spotted on various time frames, from as short as 15m to longer ones like daily or weekly charts.
- They come in two main types:
- Bullish Order Blocks and Bearish Order Blocks.
What is Inversion FVG (IFVG)?
- Inversions or Inverse FVGs are failed fair value gaps which shows a change in orderflow.
- Inversions can be used as a LTF or HTF entry or POI or treated as a market structure shift due to the change in orderflow.
- A bullish inversion forms when price closes above a SIBI FVG.
- This shows a change in order flow from bearish to bullish and now that SIBI FVG will act as a new support level.
- But first, let's talk about what is FVG, BISI, SIBI. If you're not sure, don't worry. This thread will give you all the info you need to understand FVG later on continue this thread.
- Before I talk about how to use an FVG in different ways, I'll explain what it is and why it happens.
- There are two kinds of Fair Value Gaps (FVG):
- BISI stands for when there are more buyers than sellers, causing inefficiency on the selling side.
- SIBI stands for when there are more sellers than buyers, causing inefficiency on the buying side.
- A BISI happens when a Bullish FVG forms.
- A FVG consists of three candlesticks in a row.
- In a BISI pattern, the Bullish FVG starts with the highest point of the first candle, marking the lowest point of the FVG, and finishes with the lowest point of the third candle, representing the highest point of the FVG.
π£π ππ₯π₯ππ¬ & ππππππ‘π π₯ππ‘ππ :
- Dealing range is the new trading range formed after buyside and sale side is taken.
- PD array is the distinction between Premium to Discount inside that dealing range including the array list inside the two ranges.
Elements of a PD ARRAY LIST :
Rejection Block :
- The area in between the wick and the high/low of the candle after a high/low is formed.
- We expect for price to reach that area and form a reaction from it.
ICT Only One Model :
- Daily Bias.
- Killzone (LOKZ/NYKZ) initiation triggers the process.
- Await internal or external liquidity sweep (ERL & IRL).
Once liquidity is cleared, observe price movement.
- Subsequently, identify and monitor MSS
All Models Explain In Thread π
Only one model you need :
Requirment - 1. Daily Bias. 2. Killzone initiation triggers the process. 3. Await internal or external liquidity sweep.
4. Once liquidity is cleared, observe price movement. 5. Subsequently, identify and monitor MSS (Market Structure Shift).