📈futures-stocks-chat

[night flicker]

so when I looked at NQ thats most of what I've seen

[wraith wharf]

I think PAC indicator from Lux has some settings for it but I haven't tested it

[night flicker]

I know they have a free indicator for it

but it is set for certain times of the day

[wraith wharf]

That's kinda cool. I might keep an eye on that

I just read price for the most part but that looks interesting. Like how Luke likes to use sessions

[cloud cipher]

Trying to make this simple as possible to poll....I know people use different strategies for entry. I kinda took those different strategies and placed them into images below. in your opinion, what is the setup you find closest to the way you enter and calculate SL? (this is for anyone)

[hardy iris]

3

[cloud cipher]

you're the enter on 62% group based on fibs pulled on the ChoCH run ?

[wraith wharf]

Hard to see on my phone but @hardy iris seems right

[hardy iris]

if 4, i might as well be trading the 5m chart with that SL, but that's a 1m chart

[hardy iris]

62% u mean retracement?

[cloud cipher]

you are correct. the general structure would be the same overall on 1 min or 5 min. the 1 min just gave a nicer example layout

[cloud cipher]

yes ive seen many videos of pulling the fib, entering on the 62 retracement and then TP on 27

[hardy iris]

yes, if you're going strictly by what ICT teaches, you only use FVGs at premium/discount levels depending on the directional bias

doesn't have to be exactly the 62% retracement but the general idea is that it should be below/above halfway the impulse swing, the seasoned price action trader wouldnt have to use fibs to spot the right FVGs, you can just eye them

ICT uses fibs as guidelines but he doesn't use them when doing his setups

[cloud cipher]

yeah ive also seen some say pull from the edge of the original reversal area itself and pull to the bottom of the run that made the MSS (which made the 62% really high )

[hardy iris]

more often than not they would fall in the 62-78% pocket

[cloud cipher]

which is what number 2 is (original reversal to bottom of run)

[wraith wharf]

I use a custom fib let me see if I can pull it up on my phone and make it clear

[cloud cipher]

and what is crazy is if you pulled that big fib and entered on that....it actually nailed the 62 perfectly

[hardy iris]

i have to admit that I have yet to understand how ICT picks his swing highs and lows so I can't tell you how it should be done, but as far as I know he finds long term, intermediate, and short term highs and lows on the chart being traded, i simply just use the highs and lows that the indicator I use show

might be wrong but it works for me lmao

[cloud cipher]

hey whatever works. thats kinda why i posted inquring what others are doing because there are so many variations 🙂

[hardy iris]

u can see them marked out on my chart as HH LL LH HL

[wraith wharf]

Yeah everyone tweaks things to what works for them

[hardy iris]

interesting, haven't seen anyone use 88% before

[wraith wharf]

Yeah those are just 50% pivots from the other percentages

[hardy iris]

ahh i see

[wraith wharf]

Used as guidelines if anything

[hardy iris]

as i think it should be

[night flicker]

yeah, we need to keep in mind that ICT is concepts not a strategy.. I mean you can combine a few of his concepts for a strategy like we did but in generality it is different for everyone as long as you get the concepts and psychology

[cloud cipher]

what is funny is either way you pulled it. from the original swing or from the swing that made the ChoCH....there was a "high" made at both 62% areas.

[hardy iris]

but on daily chart i use 50% and 62-78% as HTF S/R where I can look for potential entries on LTF

[night flicker]

thats a short lmao

[cloud cipher]

yes i know

[night flicker]

the second one was rejected on an order block as well

[cloud cipher]

i was playing a short

[night flicker]

and I like to look for a second hit on OBs with POIs and you had that there

[hardy iris]

yep, he has said it himself, but his liquidity levels like OBs and FVGs shouldn't be misinterpreted

internal liquidity levels*

[night flicker]

yeah, thats a concept

you can't get the concept wrong.. but building your own strat is fine

[hardy iris]

right

[night flicker]

so if you are using smart money you need to understand whatsa BOS ChoCh etc

and then if you want you can enter only at ChoCh or Bos or OB or whatever suits you

[hardy iris]

new 5m bearish OB, next breaker block？ lmao

i have this idea that if there are more sellers on a bearish OB, then it probably will flip to bullish BB sooner or later, not sure if lux has mentioned anything bout it

[wraith wharf]

Lol I like to think my fib is pretty accurate, again guidelines because there's some sort of support/resistance in that area or order/breaker block. Key areas for entries

But to each their own

[hardy iris]

15m ran buyside, betting that it turns to a solid support

seems like it turned support so far

[wraith wharf]

Lots of wicks on that 5m FVG

[cloud cipher]

is that pulled on the daily?

or a session

[wraith wharf]

No that fib was on the last swing. Top to bottoms, let me try and pull it up again with a wider view

[cloud cipher]

oh it gotcha

i see it now

[barren lintel]

Y'all doing the One Setup on 5M or lower?

[cloud cipher]

pulling the fib on the ChoCH run (instead of the max liquidity reversal), which i think is closest to lukes suggestions, and then entering on the 62 retracement and taking profit twice alone the way...just hit full TP at -27

and never exceeded the high of the candle that began the ChoCH run

[hardy iris]

got stopped at a tiny profit

[wraith wharf]

You can also do this as a scalp model too.
Disrespected the 5m FVG by breaking through and then use it as resistance for continuation down. But that's only scalping small amount and not usually the big runs I like with ICT

Sorry not that pic, this one

[wraith wharf]

Yes 1 to 5 min for entries

[wraith wharf]

Yup it's starts to get easier as you see it more. Good job

Today was a pretty good day.
There are some really big choppy swing days that won't work. Patience is key to learn those days too

[exotic copper]

@wraith wharf has earned the Lux Level 3 role!

.forseti just levelled up! 🚀🎉🍰

Woah there, you’re a real G… welcome to LuxAlgo Level 3! Here is a cake for being so active in the LuxAlgo community. You’re getting closer to legendary status, keep going pal! <3

[night flicker]

a long setup is probably incoming

but I'll go to sleep lol

long day tomorrow

gn everyone ❤️

[wraith wharf]

Goodnight ❤️

[west berry]

Es just had mss since we took London session high mss but we already got choch

[barren lintel]

Alright thanks. Guess im just struggling to figure this out.

[wraith wharf]

Keep asking questions and we'll help you out. Thats what this discord is for

[west berry]

I don’t if I’m wrong if choch is the same thing as mss why sometimes we get mss and nit choch or we get choch and nit mss

[wraith wharf]

Depends on how the indicator calulates it, thats why its good to see it with your eyes.

Possible long here, but I dont like trading this late in the day. Just speculation here

Looks like another one possible going without pulling back further. This happens sometimes

[cloud cipher]

what indicaotr made that chart?

was it ict macros one

or did you label all that?

[wraith wharf]

Its all hand drawn lol

Supah fast

To me indicators are a tool to help you learn. But I started to apply human knowledge because its a little more accurate because sometimes the calculations can be off.

I also have my drawings templated

Even this would have worked perfect. with a 1:2.3 RR if it hits

Beautiful TP

Anyways, it was a good day today. See you bread makers tomorrow!

[hearty rivet]

I’m so drunk

I was walking to cafe and my friend said let me invite you for a drink

Ended up drinking 6 each

[wraith wharf]

Atta boy!

[hearty rivet]

Please do not make me trade

I don’t usually drink

[modest jacinth]

6 2 liters

[hearty rivet]

But now im weirdly smiling I nmidle of cafe

https://tenor.com/view/adam-levine-embarrassed-gif-21343983

[wraith wharf]

Happy to have you here @hearty rivet lol

[hearty rivet]

Thanks friend happy to have you here too

My shisha drinking buddy

[wraith wharf]

Id drink with you too but I dont have anything right now

[hearty rivet]

Load up bro

I rarely drink outside clubs but rn my head flying

Do not mention anything about a setup

Pls

[wraith wharf]

I got you

[barren lintel]

Reminds me of a hurricane spaghetti model

[wraith wharf]

Thats what the strategy is called and its a 100% win rate

[barren lintel]

Thats what I need. I been a little sick the last couple days, need a good drink to get it out of my system

[sick salmon]

lmao thats a fact

[hearty rivet]

No please no

[hearty rivet]

Pls no

:((((

Hold me back boys

[west berry]

Nq

Lol 😂

Don’t do it Luke 😂😂😂😂😂😂😂

[wraith wharf]

My bias was still correct from this morning. After sweeping them lows staying in a bullish trend we finally now taking out those bearish imbalances.

[sick salmon]

it was a weird day. at least for me

[copper nexus]

https://tenor.com/view/ron-swanson-parks-and-rec-its-so-beautiful-gif-15644547

[copper nexus]

we dont call those accidents we call them happy mistakes

[wraith wharf]

It gets easier, you got this!

[copper nexus]

you should check out expected moves, i used it for a very long time, its almost like a cheat code for markets

gives you some solid levels to play from too

[wraith wharf]

Is that an indicator? Im not sure if I follow

[copper nexus]

https://www.projectfinance.com/expected-move/

[wraith wharf]

Interesting, im checking it out now

[copper nexus]

https://www.youtube.com/watch?v=Lhv3wiPv6Ok is a good video explaining it as well

[sick salmon]

i needed to hear that. its been a rough few days. felt like giving up a few times

[grand knoll]

algum portugues?

[wraith wharf]

Trading can take multiple years to get down. Make sure your paper trading to understand the strategy. And the strategy is always tweaking with market adjustments as well.
Once you get a good understanding of the strategy in paper trading, then you can try and giving and prop firm eval a try. This way your risking only the eval and not an account full account. When you pass and get several payouts then you can go to either a live cash account and continue your journey from there. Its a long road so strap in.

[copper nexus]

yeah it takes the average trader like 2 years to be profitable, honestly just throwing up levels alone will make a massive difference in your trading, PDLs/QLs/QHs/WLs/WHs/etc etc

[sick salmon]

yeah im in with a prop firm now. my issue is staying consistent. FOMO and greed still get me from time to time so trying to get better with the discipline side of thats

[wraith wharf]

That happens still to good traders. Its something that you have to stay discipled learning. Trading isnt easy

[copper nexus]

and following sectors is a must too if you trade the boomer market

knowing what each sector does helps a lot like if defense sectors are pumping you better short the piggy ETFs, but if tech is pumping you can pretty much yolo long and make money because apple always carries the market into the glory lands

[wraith wharf]

NVDIA went crazy this year too. I think it made completely new highs

[copper nexus]

yeah it went nuts with the AI

[wraith wharf]

I saw some social media posts on people like 10x their account

nuts

[copper nexus]

yeah

i bought a bunch around 180s-200s ill probably hold it for awhile

[copper nexus]

https://www.tradingview.com/script/d3i5kBmK-AIO-Key-Levels/ toss this on your chart, saves time from having to manually plot out the levels

[wraith wharf]

I thought about doing some more long term investing, just been so focused on day trading

[copper nexus]

yeah its good to do a bit of both once you have day trading established

[wraith wharf]

Agreed 🙂

[sick salmon]

i appreciate this! i'm super thankful for the help guys

[west berry]

Careful tomorrow we’ve got red folder news 🗞️

[sick salmon]

CPI before the open.. gonna be a volatile day

[mighty tree]

🇺🇸 US CPI YoY(Jun)
Estimate :
Morgan Stanley 3.1%
BofA Securities 3.1%
Lloyds Bank 3.1%
Credit Suisse 3.1%
HSBC 3%
Nomura 3%
SG 3.2%
Barclays 3.1%
ING 3.1%
UniCredit Group 3%
BNP Paribas 3%
Credit Agricole 3%
JPM AM 3.2%
GS 3.1%
JP Morgan Securities 3.2%
UBS 3%
Citigroup 3%

[cloud cipher]

Where ya been at lately @random sage ?

[random sage]

Work work work lol that time of year lots of overtime

[cloud cipher]

Understood! I know how that is!

Just gotta copy trade the tap strategy and you won’t need to work anymore lol

[random sage]

😏

[north marlin]

If you trade with the previous highs and lows strategy, how do you get more than 1 or 2 trades a day?

[hearty rivet]

There is multiple sessions

London high low , NY AM high low and NY PM high low

[copper nexus]

yeah theres a lot of sessions

[hardy iris]

NDX possible long, will scrap the idea before NY pre-trading

SPX

[hardy iris]

I'm long Nas ahead of CPI, moving SL to BE at bullish BoS on 4min TF

[hardy iris]

Stops to BE

[grand knoll]

Algum português para dar uma ajuda

[hardy iris]

go to support channel for help

Got stopped at BE, will wait for CPI now

[sick salmon]

morning everyone

[hardy iris]

morning

[toxic widget]

morning people

[hardy iris]

NDX setup for CPI

[grand knoll]

tnks

[hardy iris]

SPX

[autumn thistle]

OK, we got the POC taken, now.... let's see!! #📈futures-stocks-chat message

[hearty rivet]

NQ just swept session high

[barren lintel]

news in 15 minutes

cpi

[hearty rivet]

Holy shit

Thanks for following protocol

Anyway

This means DO NOT TRADE AM SESSION

Only trade afternoon

Morning session will have no TA. The algos readjust their data to the after noon

[sick salmon]

they do?

didnt know that

[exotic copper]

@sick salmon has earned the Lux Level 2 role!

bigdaddyrose89 just levelled up! 🤗📈

At this point you’re considered family here at LuxAlgo. We are so glad to have you engaging with other members 🤗❤️ Keep it up & you might just earn something special ;)

[hearty rivet]

Yes

Hence why price goes up and down up and down with no direction

[sick salmon]

wow. thanks for that... probably saved me some losses this morning 🙏

[cloud cipher]

Let’s watch . MSS after the sweep just now

Let’s see IF we were to look at entering if we would get wrecked at 830 lol

Well the MSS went away (though ChoCH hung on)

Holy wick

[barren lintel]

holy ish

[cloud cipher]

Can you imagine if you were just ignorant of the news and were in for a call for some reason hoping for a little scalp and then that sucker hit. Up 100 bucks and then three seconds up 3000 😂

[sick salmon]

lmao

[west berry]

Morning

[sick salmon]

good morning

[hearty rivet]

1- it couldve been -3000$

2- your stop loss wouldnt trigger until you are thousands in negative

3- apex and 99% of all funded sites cancel your account if you trade news

most setups we get from strat go up 300-400 ticks so nothing to lose by waiting

[sick salmon]

all very true facts

news trading is a 50/50 gamble... at least from what ive seen

[cloud cipher]

oh yeah i didnt trade it

im just thinking of the random person who didnt realize what was happening lol

more than likely would be -3000 in this one because a bearish choch had just occured

[barren lintel]

This though. Facts. It would end up being one of those instances where NT was like "Oops, sorry, we weren't able to close the trade"

[cloud cipher]

person sneezes at that exact moment and they are now +/- thousands right after their sneeze LOL

[barren lintel]

lol

[cloud cipher]

just funny because we know its coming and still go "wow that was big"

imagine if you had no idea LOL

[night flicker]

did you tp?

[west berry]

he got stopped i guess

[cloud cipher]

ha! yeah! what happened @hardy iris

[night flicker]

how though lmao

he entered a long

[cloud cipher]

he was in longs though and the chart shows his breakeven down near like 149 somehow

so he would be fine if he had not closed

[west berry]

i think he said he got stopped at BE

[hardy iris]

no i got stopped at BE lmfao wouldve been a huge RR trade tho lmao

[night flicker]

damnnnn

[hardy iris]

couldnt risk having a position open before CPI

if both dont make a bearish BoS on LTF at daily highs then ill look for another setup for long at a bullish BoS

looks likke its more likely to do a continuation tho

SPX more likely since its further past resistance compared to NDX

[wraith wharf]

That one erect candle. I'll sit out on am trading session and wait for more structure to form. Back to bed for a couple hours. Good luck!

[hearty rivet]

come back in pm session

[night flicker]

gn brother

[night flicker]

me: kinda clean chart
random people on the internet:

[night flicker]

dod you guys see the toilet pattern?

basically means that I don't know wtf I am doing.. best pattern

[severe charm]

ur missing the Mcdonald's Pattern

https://www.tradingview.com/v/BbHc0nIt/

[night flicker]

and the simpsons one.. forgot the best ones

[severe charm]

yes, needed

[night flicker]

no burgers for the 200 length lol

[agile jasper]

is this @nocturne sigil's chart? looks like it

[night flicker]

that guy is built different

look at @old veldt at #🚀crypto-chat and trust me he knows what he is doing

[cloud cipher]

so thoughts on if we get a bearish play prior to 1 as we come back down

[wraith wharf]

Play already happened

[west berry]

on 3 min

[night flicker]

cant believe I closed it soon

ffs

[sick salmon]

Profit is still profit

[night flicker]

yeah

did like 200$ on 5 MNQ

won't complain

and feels good to be correct

[barren lintel]

ffs. yeah. now im pissed, because i had too tight of a sl at that point

and now its just free falling

[night flicker]

I moved SL yo BE and still pussied out lmao imagine

should've just moved my SL

next time when I feel the pressure I will just move my SL to profit and slowly move it down more and more

but 91 points holy fuck what a move

and 66 was my initial target but moved it to that low to secure the TP without me being near the PC

[wraith wharf]

Damn should have full ported

[cloud cipher]

this doesnt make sense at all. yall keep saying "play already happened" and then refer to a different timeframe all together.
thats like someone looking at the daily chart and saying "play already happened" when it happened on the 1m.
Yall got annoyed with me the other day when I was looking at 1 min and told me to focus on the 5min, but now your using 3 min and saying 5 min doesnt matter because a play happened on the 3 min.

[night flicker]

see opening gap?

it was hit close enough, with these big TPs always take 1 - 3 points less lol

[wraith wharf]

Whoa whoa, easy tiger. We just need to get to an understanding here

[cloud cipher]

with that logic there is never a 5 min play because the 1 min almost always happens before the 5min

[night flicker]

@cloud cipher it is pretty simple but sounds complicated.. with ICT you can work on most if not all TF, when looking for an entry you want to look for what has the best setup, the higher the TF the stronger the setup will be

so for example, and FVG on 5m is stronger than the 1m but you need to be looking and not focusing on just one

[cloud cipher]

i agree...and the mss just occured on the 5min

but then was implied that is not valid because it occurred on a lower timeframe alrady

[night flicker]

for example the latest short, the main reason I was 100% comfirtable with it (yet took tp early) is because the 1m FVG was inside the 5m FVG and their bottom was almost the same

you can see that my entry was a bit under the 1m FVG as well because I wanted to make sure it doesn't reverse 1 - 3 ticks before the FVG

[west berry]

The 5min tf is a risky play at this point

Even if we get mss

[night flicker]

so usually you want MSS and FVG to happen on the same TF

for me, we had MSS both on the 1m and the 5m and FVG at the same area so it won't matter which one you'll be looking at

oh wait

mss wasn't on the 5m

damn

[cloud cipher]

it litreally just happened

[wraith wharf]

I can see about making a video and trying to simplify it. I just woke up so give me some time

[cloud cipher]

so i said we have a 5min mss...and i was told "play already happened"

[night flicker]

yeah but anyways, even if it happened it might play out but you always need to look out for how the candles reacted afterwards

so here, as you can see it swept that little low we had after the pump

[night flicker]

doesn't mean that your play isn't valid

[wraith wharf]

I see what your saying, on the 5 min.

[night flicker]

play with what you feel comfirtable and works for you, if you trade mostly on the 5m you can't jiggle between a strat on the 5m and change it to the 3m unless you feel okay doing it like Forseti and I

[cloud cipher]

the 1 min play happend at 10.32 and was the best play of them all...but just now it finally happened on the 5min

[proud valve]

I’m so mad at myself for shorting a micro. I usually play 5 es minis. SMH. I just got this PA so I wanted to play light

[barren lintel]

This is what keeps screwing me as well. The protocol says 5m. So I wait, but then at that point, the mss, fvg, etc.. already happend on 1m - 3m tf

[night flicker]

oh thats what I saw

lmaooo

[cloud cipher]

but it always will.

[night flicker]

me not sticking to the trade got me blinded lol

[night flicker]

personally I really like the 1m

I stick to the 1m but always want to see what happens on the 5m

[wraith wharf]

Let me see about making a video about it

[night flicker]

a liq grab on the 1m can just be a wick on the 5m

[night flicker]

that would be best

also, @cloud cipher better next time asking what was the logic behind the different TF instead of getting all mad about them giving you the information that you missed

[west berry]

Guys the Strat is 5min I just have 3min on the side to see what’s happening earlier I would not take a trade based of 3min because that’s not the start I did a couple times and it back fired

[cloud cipher]

so can you tell me the timeframes of these? they look very similar dont they? they are actually the 1 min and the 1 day candles.

price action looks identical on ALL timeframes.

[west berry]

Today is a different day we got news it’s a no trade day for the Strat

[cloud cipher]

I didnt miss it. I saw it...i watched it happen on the 1min, but my question was on the 5min.

[night flicker]

the point went over your head.. if you want to ask real question you are free to ask and I will gladly give it to, if you want to be pity go for it but it won't help any of us

[cloud cipher]

when i posed my question i was immediately shut down and it was implied the play already happened and since it happened on a lower timeframe the 5min was invalid

but the play 99% of the time has always happened on a lower TF before it happens on the 5min

[night flicker]

yeo and you were told on the 3m

[cloud cipher]

correct...i wasnt asking if ti happened on a lower time frame. i was saying on the 5min timeframe it was actively happening

[night flicker]

yeah but the main play was on the 3m / 1m

[cloud cipher]

so should i start telling yall everytime it has triggered on any timeframe less than 5 min so you never play the 5min?

[night flicker]

and you missed it, so better asking why so you could catch it next time

[west berry]

We got MSs on 5min

[cloud cipher]

thats my point

it ALWAYS happens on a lower time frame before the 5min

so how does that make the 5min MSS invalid? if that is the criteria that it could NOT happen on a lower timeframe prior to the 5min you would never have a play

[wraith wharf]

The 1 minute should be watched and analysed the most for entries. If something doesnt make sense then Id move up a timeframe

[night flicker]

yep

[cloud cipher]

doesnt matter...they said it already happend on a lower timeframe so ignore that.

[west berry]

You can’t ignore that because that’s the main Strat

[night flicker]

thats not why, if we have a trade I would enter

but it went straing to a liq sweep / grab so not worth

it hit the gap 0.5 as well

[cloud cipher]

thats my point! i was asking if yall were going to enter if we get a main strat setup on the 5min prior to 1pm with the news this morning

the immediatley reply was "play already happened" implying the 5min was invalid

[night flicker]

what main strat are you guys talking about?

[cloud cipher]

Lukes one strat for life that is played on the 5min MSS setup

[night flicker]

yeah......

[west berry]

No I personally wasn’t implying that the 5min is invalid I was just calling your attention to the fact that it has happen on the 3min earlier

[night flicker]

it literally says... when you have RED NEW you don't use it

today we had CPI which is triple RED

[west berry]

That’s what I said no trade day for the strat

Any trade using the Strat today is forcing a trade

[cloud cipher]

i agree with this.
but some are degen...so my intial question said "thoughts on..." meaning....are any of yall being risky and taking it

[west berry]

Good some are risking it and you can tell they were getting out quick

[wraith wharf]

Trading is applying risk for reward. Just like creating a business. Some poeple have different rules for themselves. You took Lukes strategy that works for him and your trying to apply it to yourself.
Trading you need to learn to bend and not break because this market will definitely break people mentally and financially if not done right.

Take a breathe and just let us try to explain why we would have taken a trade.

[arctic wolf]

@forseti yes pls. but it would be helpful when posting images (which are really useful) just to say what timeframe and ticker. im assuming pride's entry was on the 1m,

[wraith wharf]

Im working on it, probably be a lot faster for me to make a video because I can talk through it instead of typing forever

[hardy iris]

well i put a limit long for lunch, will cancel at 1:30

[night flicker]

re-entry?

[fair stag]

I think so

may be 5m play starting

but price is above 50% fib

[hardy iris]

i think this entry is higher, dont rememebr lmao

but seems like resistance flipped

[fair stag]

in 5m, this price above fib happens easily

[hardy iris]

so prolly i look for another bullish fvg higher if its S/R flip

HTF S/R

[hearty rivet]

Yo yo

Had a busy day

How’s PM session

[west berry]

Not pm session yet

[hearty rivet]

Oh ok

Just got on

[west berry]

Still in am besides today is a no trade day for me personally

[wraith wharf]

@cloud cipher Im waiting for a video to upload to YT explaining the trade today. Ill send it to you when it finishes uploading in an hour

@cloud cipher https://youtu.be/bxYmBRAPzbg

[autumn thistle]

Here are the current POC's for ES

[night flicker]

quick lil scalp

tp was according to 1m

[sick salmon]

nice work!

[wraith wharf]

EZ Money Pappi

[night flicker]

looks small

that mf is 34 points lmaoooo

and thats why the 5m already did its play

[modest jacinth]

Thank you Forseti

[wraith wharf]

Your welcome! I'm happy to do more or explain more if needed

Im at a doctor's appointment right now. I have an indicator template I can make a video how to use it, and send. So far it's the best template for ICT but does take a minute to learn how to use it

[modest jacinth]

That was excelent explanation!

Please do

[wraith wharf]

👍🏼

[sick salmon]

Yes, that would be awesome @wraith wharf

[wraith wharf]

Okay, its on my to do list.

[arctic wolf]

@wraith wharf thanks a lot fella. looking at @night flicker's entry I couldn't work out why he'd set his entry below the FVG. visible on the 1m chart. Vid explained it ta. Anyhow only half watched it. I'll have to watch once or twice more. I'm sure I'll have questions.

[wraith wharf]

Absolutely, I know you will have questions, the market isn't so cut and dry there's always adjustments. Take your time with it. People can watch it if they want to or not. Im just here to help
@night flicker can probably explain better on that trade. But it looks like hes on HTF and used a Inverse FVG as his entry.

@hearty rivet Also is very good with this concept/strategy and I know he can answer questions when hes around. Id like to think were a team

[hearty rivet]

We are all a good team indeed

This ream is a really important part of trading management and psychology

[unique hatch]

Ok took a little bit longer because I didn't have the 7 trading days. Buttttttt

I got it

[sick salmon]

awesome!!

[unique hatch]

Now gotta hit the 102,600

[unique hatch]

Thanks man

[sick salmon]

anytime. welcome to the club

[unique hatch]

Thanks. Just want my payout so I feel awesomw

[sick salmon]

biggest advice i can give is dont rush it. nothing worse than blowing a PA because you were being greedy and rushing. I learned that the hard way

[wind rock]

Reached PA account target for 50k, ready for payout 🙂 Thanks everyone for many tips 👍

[night flicker]

That was the 5m FVG, taking into account the strong liq sweep that we had above (liq sweep even in the 4h) had to make sure to get into that and bot miss it by a few ticks.. sine I was confident that the price will go for the 5m FVG but not the 1m FVG its worth risking a few extra ticks for the perfect entry

If you didn’t get the tp target lmk

[arctic wolf]

Yeah I was looking at the 1m FVG thinking I wouldn't have got that.

[sick salmon]

hope everyone had a great day!!

[wraith wharf]

No trades for me today, but great day regardless 🙂

[barren lintel]

I didn't, but I think im grasping things a bit more when using 1m, 2m tf

[wraith wharf]

Im working on scripting the video for how I use my indicator template for you guys and how I used it to teach me the market. Im not used to making videos and making things as simple as possible but Ill do my best. This could take a min

[sick salmon]

take your time dude... we appreciate it

[daring wharf]

Sorry newbie question, but could someone point me in the direction of optimal settings for the ES 15 min or lower time frame? I heard there was a spot for them on an introductory video. Just joined LuxAlgo yesterday.

[wraith wharf]

That depends on your strategy your using and how your using the indicator. @nocturne sigil does an amazing job helping new people and showing strategies that could work for you. Micky is most active in #💬hangout if you want to reach out.

Or we can do what we can if you have a better idea how you want to trade.

[past jungle]

What just happened to NQ

Did news just drop

[wild cloak]

Stop run. Es barely budged

[hardy iris]

Long setup for NDX london session, there's not much significant HTF resistance until weekly bearish FVG at 16020.5

waiting for retrace to FVG

[night flicker]

it might've taken another liq grab, watch out for it

[sick salmon]

morning all

[night flicker]

gm ❤️

anyone have any good resources for Wyckoff concepts?

its something that I wanted to get familiar with for a while now

assuming that combining it with some of ICT concepts it might give better scalps for me

[hardy iris]

Interesting idea. ICT shits on Wyckoff tho

[barren lintel]

PPI 2 hours

Good morning everyone!!!

[night flicker]

Lmaoo

[sick salmon]

newbie question.. but what TF do you guys mostly use?

[maiden patio]

Use? Platform, broker, strategy?

[sick salmon]

either scalps or day trades, tradovate... and mainly ICT but still doing my research on others

i've been mostly on the 5m chart, which seems like the middle gorund

[barren lintel]

Mostly 5 - 15 for me. But with this ICT stuff, seems like 1m is working best

[hardy iris]

I solely use ICT concepts, 1W 1D, 1H for HTF S/R and direction, 15m>5,4,3,2,1m for entry

[sick salmon]

that is what i've been seeing

[sick salmon]

that make sense. i usually use 1h and 4h for my longer time frames, but i'm always looking to learn

[cloud cipher]

1m mss post sweep

[ancient marsh]

I saw that, was weird move

News in 4 mins

[barren lintel]

lol those movements at news time always trip me out

[hardy iris]

well that was boring

was hoping it taps an FVG on nas

FVG lower

[sick salmon]

lol

all those wicks for nothing lol

[hardy iris]

ikr

[barren lintel]

meh gonna go make some breakfast

[hardy iris]

i'd be so annonyed if it's up only until tomorrow lmao

[west berry]

We’ve got news tomorrow as well just so y’all know

😂

Red folder news

[hardy iris]

lmao

[west berry]

Will notify y’all about news 🗞️

[grand knoll]

alguem portugues?

[hardy iris]

lol this market i swear

[north marlin]

Looking for short MSS

On NQ

[night flicker]

I mean... doesn't feel like either a liq grab or sweep

but we might go back to 507 or 520

and might have gotten our long here, but worth entering now though

[north marlin]

For some reason it is having trouble going over 615

[modest jacinth]

looks like 4500 spx holding everything back

[barren lintel]

Damn, NQ surpassed several highs. Hasn't been this high since April of last year. Do we anticipate a pullback?

getting mss on 1m

[barren lintel]

quiet in here today

[night flicker]

the chart is the quiet one lol

[wraith wharf]

I just woke up. Nice slow grind up. Throw a fib on this bish and scalp some levels lol

[cloud cipher]

@random sage (or anyone else) - what ticker is the excel file logging done on for smart trail taps? is it NQ or MNQ?

(i know the are "the same"...but i have a specifc reason im asking)

i know the cons are based on micros...but which version of the chart is being looked it?

[random sage]

Mnq

[cloud cipher]

thanks

the wicks on NQ and MNQ are actually different a lot of times!

me and a few others are doing in depth backtesting and realized that NQ and MNQ charts are not identical

its actually the difference in taps vs no taps at times

and TP hit and not hit

(at least per the chart you are looking at i mean)

[fair stag]

@wraith wharf

Bro

I just watched your video now

Do you only use this method for entry?
I mean draw fvg on 1m and 5m then enter at 5m when it retrace

[wraith wharf]

yeah, I always take pull backs to FVGs, and I just analyze which FVG looks and may work the best. In that case the 5m for yesterday had a better looking entry than the one min

[fair stag]

better means big fvg?

[wraith wharf]

No, I prefer to enter on the one min FVGs but between the 1m and 5 min there wasnt much of a differenece, the 5m just only slightly bigger and seemed like a better entry to go off of for a slightly earlier entry

[fair stag]

okay

What do you do?
If you see fvg on 1m but not on higher TF like 5m

[wraith wharf]

Then find an entry on a lower time frame, but that shouldnt be the case because theres less noise on the 5 min than the 1 min candles

[fair stag]

Ok

It seems 1m and 5m are best choice for pull backs

[wraith wharf]

Correct, I use the 1m through the 5m depends on how many FVG are created during a displacement.

[fair stag]

What if it didn't pull back to the fvg and goes up/down?

then we miss the trade?

[wraith wharf]

If you dont get the pull back you want then you can take a break out of the previous candles. Let me see if I can find and example

[hardy iris]

I think what you're talking about are Mitigationo Blocks

[wraith wharf]

Can't seem to find what Im looking for from the last couple days. But if price aggressively reverses and if doesnt pull back enough then you can get a good idea that you can market in a breakout trade

[hardy iris]

Mitigation*

or i could be wrong

[wraith wharf]

I think what hes trying to understand after liquidity is taken, MSS is made and it and price doesnt pull back far enough into the FVG that was first created then either the next FVG can be taken or take the breakout if you see price is aggressive reversing. Or otherwise wait for the next setup.

[hardy iris]

ohh alright, yea

[wraith wharf]

To me, I dont care what the market does, if it doesnt fit what Im trying to do. Im not going to force any trades

[hardy iris]

price hasnt done what I need it for my setup so far today so no trade for me too

[wraith wharf]

Me too. Plus looking at the other indices, none of them are correlating perfectly. Looking like an early day for me

[hardy iris]

yea hopefully something at PM session

[fair stag]

@wraith wharf

Here I see 2 losses and 1 Win with the same method you said

Is there anyway to ignore those losses?

[wraith wharf]

Well, we can't ignore losses, its the market were talking about here.
so the trade only really happens after a previous sessions high/low is taken and market reverses. Were not looking for every single FVG to enter.

ICT Concept consist of a check list of Liquidity grab, MSS w/displacement creating FVG, then enter on the retracement back to that FVG.
Keeping it super basic that way and ignoreing everything else can be highly probable and profitable. ICT Concepts consists of 100 of hours of other things included based on how the market reacts differently.

[fair stag]

Yes, I see, first 2 fvgs happened before liq grab and 3rd one is after liq grab and that one is winning trade

But I know you didn't trade sessions

How can you trade all fvgs?

Or Which fvg you trade?

I see more entries in intra session than liq grab

[wraith wharf]

That would be more of a scalping model.
If you want to scalp you need to see other indications of support or resistance in or around those FVGs for better confluence on a bounce or rejection. Look left and see if there are other price reactions for the entry your looking for and adjust accordingly.
I do it every now and then but I stick to my more basic and probable setup from the video. I only like to apply risk or make 1 -3 trades a day if I do trade otherwise I walk away and enjoy my life

[fair stag]

Alright brother
Thanks!

[fair stag]

If possible please share screenshot for this

[wraith wharf]

We realize the market is slow grinding and theres not a lot of volume movement we can try and assume we get small pull back and this could be an example of a small scalp. For you know a buck here and a buck there.

But I dont usually do this anymore.

[fair stag]

Thanks

[night flicker]

feels like something is wrong here, not sure what Forseti already told you but I'll give you some insight on the same chart as I see it

[hearty rivet]

yoyo

[modest jacinth]

I am litlle confused about Liquidity sweep, do you guys consider only valid one when it sweeps Sessins Hi/Low

[wraith wharf]

A sweep is something similar to this

[modest jacinth]

ok thx

[night flicker]

first one

second

[wraith wharf]

I remember when I first started trading, I wanted to be in a trade at every moment of the day. Now Im like nahh, I wait for my perfect setup/entry and dont care for the rest. Life has been great

[night flicker]

yep lmao

[unique hatch]

What strat are we using more now. The smart trail or the mss strat?

[night flicker]

look at an interesting trade me and my friend got today

we saw this after the market open and news pump and the pull back

after the big green candle we got a low confirmation

then, we got this OB on the 1m

taking into account that we are in a bullish bias right (as I said on opening it isn't a liq sweep on the 4H) we are looking mainly for longs (if not the perfect ICT setup)

so now, we want an entry on the OB

now, using this tool and placing the 3 dots as the 2 waves, we are looking for a target at the 1.0 of the fib

[hearty rivet]

great way to pinpoint reversals or know how much further the price will go

[night flicker]

and out

[hearty rivet]

GG!

[night flicker]

since it is still a concept we are testing, we entered on paper to make sure we are catching these trades live and entering and everything properly

but seems to works quite good

[hearty rivet]

thats the way it should be, great job prideful mich

[night flicker]

[hearty rivet]

keep posting

im eating and learning from you lot

[wraith wharf]

I like what Im seeing too

[night flicker]

I need to see more setups, it is similar to the one I shared yesterday

[night flicker]

this one

but we took a small profit there

let me go back and do a recap as well

[hearty rivet]

hitgh taken

[night flicker]

so, we start off with the 4H, after the HH and the price getting to the High, we expect it to break more (we are now after the liq was take so it reacted but it doesn't mean that we will keep moving down here)

here we saw price hitting the 0.5 fib on the gap, as stated yesterday, my short target was there, since we are in a long bias we expect price to react now.. we also see that it could be a nice liq sweep for that low after the news pump, so more power to the bullside

same trick as todays trade

and thats the full trade

the only problem is that it goes to over-night which we don't want to hold, we only trade NY for this trade

so we took a small profit and called it the day

but we had our eyes on the high that is also on the 0.6 fib

so like this

a perfect hit with a perfect RR

as you can also see, it flew into the target and then reject a little

I will start sharing my setups more like this until I feel more comfortable entering them live, you can learn with me but I don't like giving callouts to trades that are a bit complicated like this one, I sometimes play with my sl by moving it up / down and changing my target on the run, don't want any losses connected to me since I don't always have the time to tell you guys what I am doing

[wraith wharf]

I will be sticking to what I know best for my live trades. But I do like seeing new concepts! Looks great!

[hardy iris]

god this pump

is killing m

e

[wraith wharf]

Lol, walk away brotha

[night flicker]

yeah 100%, I will stick to it as well until I get it like I get ICT

[night flicker]

needs to get to 16k for the longer TF

no point in shorting

[hardy iris]

yea thats the thought i had earlier today

[night flicker]

still long bias and I am long bias for the month according to my personal cycles strat that I have each month or so

I am shorting though if I get the perfect setup but won't bet on the longer run to be any bearish

[hardy iris]

same long only for me as well

[night flicker]

already up 2.9% since the cycle start

[hardy iris]

noice

im up 16% for this month

[night flicker]

thats good

you are up more than 1% a day thats crazy lmao

[hardy iris]

well i just follow ICT's risk size in his 2022 model

4.5%

[wraith wharf]

Summer months are typically the harder and slower months to trade. Until fall comes around the it feels a little more normal movement to me.

[modest jacinth]

@hardy iris what is ICT's risk size in his 2022 model

[wraith wharf]

Some good scalping today though. Took about $240 for the day

[night flicker]

another one

to be honest, this one I didn't see live just going back and seeing what happened after I left the chart

but.. it is the same setup

5m

[wraith wharf]

To me that looks like an order block bounce with displacement back up and could have taken the FVG on the 1m back up to highs

[night flicker]

1m

[night flicker]

it has a similar concept

I would usually want it to grab some kind on a liq

but today has a strong momentum up that it just seems as HH HL at this point

[wraith wharf]

Bull runs like this follows market structure

[night flicker]

yep

so with extra analysis you can see this:

[wraith wharf]

Yes HH and HL is market structure. ICT usues some of it in his concepts. This is where I'm getting my scalps from

[night flicker]

smart money is ICT concepts

[night flicker]

oh wait thats after market replay lol mb

[hearty rivet]

thats what you require to draw true order blocks

[night flicker]

thats the right one

as you can see, resistance becoming support, thats enough for our entry

confirmation that we will get atleast another leg up

and since we formed a double doji with inside OB we expect it to go back to it

which is then the trade I posted

and if it doesn't go back to the OB.. then oh well, a missed trade is nothing wrong

because it may as well just fly back up without going back to the OB

[hardy iris]

SPX at previous highs on daily

[wraith wharf]

Yeah stair stepping

Nuts

[hearty rivet]

S/R flips are a nice confluence ict uses

i call them buyers hold and sellers hold

[night flicker]

I call them: fuck you we switch sides

[daring wharf]

Sorry could someone identify what ICT stands for and OB?

[wraith wharf]

Alright, soooooo, for my video on my indicator template. I decided to just spit ball everything no script. There’s a lot of information. I’m not a teacher in this, but maybe... just maybe you might learn something lol. Video is uploaded but processing for HD right now. Please let me know if there are questions or possibly what you think I did wrong. I like to learn and grow as well. Not very comfortable doing these but I did my best lol
https://youtu.be/pc1ZWk2d3Kk

[wind rock]

Where is @nimble vale ? Did not see him recently

[wind rock]

https://www.youtube.com/c/InnerCircleTrader

[cloud cipher]

https://youtube.com/playlist?list=PLVgHx4Z63pabpjlduWBaEsn8VMtALhjGV

Is this playlist in order ?

Like is this what someone should work through?

[wraith wharf]

I havent watched his mentorship. I know he uses YT as a way to monetize it and pay his bills for him. So he makes his mentorship really long.
So if you think you got the mental fortitude id say it could be worth it

[past jungle]

He has a recommended order of what to watch. But that was many tweets ago I'll try to find it. i'll let you know if I give up finding it

What to watch before ICT's 2023 Mentorship:

ICT - Market Maker Primer Course

ICT Market Maker Forex Series

ICT OTE Pattern Recognition

ICT - Mastering High Probability Scalping Volume 1 - 3

ICT Forex Scout Sniper Basic Field Guide Series

Premium ICT Mentorship Core Content

Other than that, the playlist (2023) is in order

[fair stag]

@night flicker

[night flicker]

gm

[fair stag]

I took this as you said yestready

[night flicker]

is that NQ?

[fair stag]

Forex

[night flicker]

what ticker? let me take a look

let me take a look at it because it seems like a perfect setup but with a lower entry, smaller ls and bigger tp than what you placed

[fair stag]

GJ

[night flicker]

GBPJPY?

[fair stag]

yes

[night flicker]

what time is it?

[fair stag]

1m

[fair stag]

GJ

[night flicker]

what time of the day?

[fair stag]

9:50 utc +5.30

[night flicker]

this is after we've established that the 1D is bullish and so is the 1H and 4H

seems like that low was a sweep on the 1H and 4H so we looking for a long

only longs

after the sweep we have these 2 legs on the 5m

this is on the 1m

while your MSS was right, we saw it break that high as well so we will look at that high, never ignore the price data

each pip is important

[fair stag]

Hmm, I think I need some more practice

[night flicker]

brb

back

so now we are looking at this candle since it is formed inside the zone and on that high

and this is the trade

might be better to take 3 TPs from 0.618 - 1

[fair stag]

Is this 1m?

[night flicker]

yep

[fair stag]

ok

[night flicker]

what you need to take into account though is that with big trades like these it might take a while

so I would've hit TP 2 and then SL with profit if I would've played this trade trying to reduce risk and increase profit

[fair stag]

SL to BE once it hits TP1?

[night flicker]

was about to say that

since the RR is huge here, TP 1 is enough RR already\

so just keep it at BE and let it run

[fair stag]

Okay

[night flicker]

TP 1 is already 14.4 RR but its a no brainer since the sl is almost 0 lol

GJ pip is 0.01 or 0.001?

[fair stag]

0.001

[night flicker]

so the sl was 15 pips and the first target was 216 pips lol

and currently the trade is at 400 pips

how much profit do you take per pip damn

and target hit at 443 pips

let me show you something important though for this strat, the bias itself

on the 1H it looked like a no brainer, its a down trend so look for shorts

but on the 4H you see how it was a basic sweep / grab for this low which is a strong low

so a reaction here isn't weird

and then theres the daily which.. you know..

after I've established that, the trade was pretty straight forward

it seems like much rn but look at the trades that it gives, this extra works seems to be worth it

also, something that I like looking at is, is the target on a strong area? if it is, it gives extra strength for the target since it might want to take the liquidity there

so the 1 is our target and it was on a strong high, so price just shot up there without much resistance

[fair stag]

may it will touch Asia high

[night flicker]

181.448

thats the next target

[fair stag]

Yes

[night flicker]

182.05 but thats the 2.618 so might not high

[fair stag]

It touched NY AM

[hardy iris]

short setup for SPX as it left displacement after tapping previous daily high, also EQHs just below the FVG

will wait for 10pm tho

on second thought, ill short now

[brittle basin]

XRP very nice ascending triangle on 15"

[fair stag]

Is it better to check the trend in 5m when fvg happens on 1m even after liq grab?

Here Bearish FVG created after liq grab but bullish trend continues in 5M

Then after it breaks bearish FVG, created bullish FVG and then go up

Orange trendlne is 5m and white is 1m

[hardy iris]

ICT teaches that FVGs at 5m and lower TF needs to have a parent FVG on 15m

otherwise you are taking those FVGs out of context

[night flicker]

maybe he says that but as far as I've seen you don't have to

the main thing about the strat that he is showing here is that you MUST to have a liq sweep not even a brab

unless you have HTF confluence

[night flicker]

so here, for a short or a long I will be looking at these lows / high

[fair stag]

How to find these low and highs?

[night flicker]

you need to see which one is the strong one

so instead of looking at each small swing you need to look at the bigger swing which you'll probably also see on the 5m

[night flicker]

the low I placed here isn't even the valid one but since we are in a bullish bias it may have reacted to it as well

1m

5m

lol after that low we had my wave trade

waves

[fair stag]

Yes

[night flicker]

and it was in confluence with this

[fair stag]

thia one is correct?

[night flicker]

you see how on the 1H he swept those highs?

so a short here isn't too risky to take

the only problem that I see here is that the momentum doesn't seem strong enough

so you see how the candles to the mss were small bodies big wicks?

it means that there are still many buyers left

and if the price goes back fast to the FVG I would've skipped it

I was in replay lol

so now on live you see how it wept this 5m low

but we didn't get anything concrete on the 1m

so we don't look for a trade

and we started a new double wave that look bearish

so wait for that to form first

[fair stag]

SO, now we look for to break this low and create LH

So, how it works if we keep looking HTF for entries at LTF

we miss more entries?

[hardy iris]

well shit i got stopped lmao

i guess its long, will wait for news

[night flicker]

don't think we did

I was short bias and changed to a long bias on that very quick

look at the 15m let me know what you seeing

[fair stag]

It is in long

[night flicker]

send me your TA

[fair stag]

If we check HTF like 15m, 4h

the we miss ICT concept?

Because Luke talked about 5m only

[night flicker]

are you playing his strat?

[fair stag]

Yes

[night flicker]

we didn't get an entry on his strat

previous session lows and high have been swept already

[fair stag]

Previous session high swept and we got MSS

on 1m

Is this valid entry according to Luke strat?

I see fvg after MSS only

not MSS with displacement

[night flicker]

you need a sessions sweep

so wait for it take the London high

[fair stag]

this one is Asian session sweep

[night flicker]

yeah but after it swept Asia it didn't do any MSS and kept going up

it will go to 182.335

[fair stag]

how you saying?

[exotic copper]

@fair stag has earned the Lux Level 3 role!

bigsmoke7771 just levelled up! 🚀🎉🍰

Woah there, you’re a real G… welcome to LuxAlgo Level 3! Here is a cake for being so active in the LuxAlgo community. You’re getting closer to legendary status, keep going pal! <3

[fair stag]

see the MSS here after it swept Asia, this is replay

[night flicker]

maybe my settings are incorrect lol

but if it swept asia high then yeah

look at the 5m and wait for mss and FVG

[fair stag]

okay

[hardy iris]

what a strong open

[north marlin]

Ikr

1st candle took London high

[west berry]

Damn it’s being 3 days of straight up

[hardy iris]

yeah and you would think you could short resistance lmao

ffs

[north marlin]

Haha, don’t tell me you short this beast?

[hardy iris]

shorted SPX at previous high

got stopped

now im looking for long on NDX looks like potential FVG forming

at the breakout candle on 15m

prolly after news

Prolly this long on SPX

[night flicker]

first tp hit

closed

didn't hold it all the way since it wasn't real legs

but after the big wick reaction we knew that it has enough momentum for higher price

and then we play by the book

[wraith wharf]

We looking like we could see another show grind up again.

[sick salmon]

looking that way to me.. sellers dont have any real momentum

of course as soon as i say that... lol

[wraith wharf]

We swept the daily and weekly highs. We'll see

Shorts look like it could be setting up

It's still staying bullish. Not a high quality setup for me

[north marlin]

Maybe Monday will be bear

[wraith wharf]

Market will correct eventually. Just gotta be patient.

[north marlin]

Yeah a 10$ stop ain’t gonna cut it tho lol

[hardy iris]

cmon ndx gimme something

[wraith wharf]

NQ bouncing off 5m bullish FVG. If we create MSS back to the upside on the 1m then we could see higher. Price is moving so slow and now much displacement to give good tells on where it wants

[hardy iris]

yeah im in

[wraith wharf]

Nice. I might sit today out.

[hardy iris]

alrrightie

[wraith wharf]

780 reentry would have been a good order point. Let's see

[hardy iris]

Set my TP to 16020

Will manage trade at PM session tho

[wraith wharf]

🔥

[proud valve]

I see you guys mostly trade NQ. I took a short entry on ES at the 5min OB inside the 15 min FVG after 15 min MSS. That’s a high quality entry no?

[stable talon]

how to shows fvg

[exotic copper]

@stable talon has earned the Lux Level 1 role!

touchgoldwind just levelled up! 🍪

Welcome to LuxAlgo Level 1! Here is a cookie for contributing into the LuxAlgo community. Keep it up & thank you for being with us! <3

[hardy iris]

I shorted spx lmao didn't go well, I'd short if HTF makes bearish BoS

Not doing that again lmao

[wraith wharf]

ES still bullish to me too

[proud valve]

Even with that huge 4hr order block above us?

[hardy iris]

bank earnings today too

[wraith wharf]

I could still be wrong here. Manage your own risk.

[proud valve]

Touché

[hardy iris]

i dont have a 4h bearish OB on SPX in my chart

where are u seeing that

we're at new highs

[proud valve]

April 5 2022

[hardy iris]

ah got it

[proud valve]

Gonna cut these if it breaks pdh I guess.

[wraith wharf]

Sorry about late reply.
I saw price only inching it's way down to the FVG with not much displacement, then saw a 5m FVG then waited to see how the market reacted to it. If it bounced and it did created a MSS we can only assume market was taking a pull back just to go higher

[proud valve]

Put my stop too tight 🫠

[night flicker]

we need to see atleast 850 for this to be correct

the only reason this would be a valid trade is because we didn't have much of a gap on session open

so we don't expect the price to feel something below the opening

but I think we are still bullish bias till 16k

[barren lintel]

teach me your ways man

[night flicker]

this means that if you want to see bearish Monday, we need to hit 16k today

which is 200 points higher lol

but with the current momentum it doesn't feel like it

[night flicker]

nothing special, 850 is todays high so for the trade that Forseti posted to take profit it needs to get there

but if you want my personal trading style I am sharing a lot here you can look back

and if you have a ticker you want me to take a look at lmk because I am still building the strategy so more tickes = more setups = better entries = higher wr / RR

[wraith wharf]

Doesn't mean I'm not wrong until I see another MSS back to the downside from here

[night flicker]

yeah, for it to hit SL it needs to create another MSS

seems like it is doing good atm

but I don't like the price action

it is very impulsive atm

so we get a big move then a slow move followed by a big move

[wraith wharf]

Agreed which is why I'm not trading

[night flicker]

I don't mind it, it just means longer trades but not bigger

also entering with less contras for now

[cloud cipher]

fib pull on 1135 or 1240?

1240 right?

since that is the most recent high before the MSS?

[wraith wharf]

Fib should look like this on the 1 min because we created a Lower high the fib zone should be set. Hopefully that helps answer your question of the fib was correct

[night flicker]

beautiful

[cloud cipher]

but as you make lower highs shouldnt you adjust it down?

mss was down there white circle

so why pull from the X

and not any of the other three circles

[wraith wharf]

Yeah those are smaller time frame swings, once a lower high is put in it creates a swing zone

Ill take some examples

here one at market open on the 5 min. We made a higher high then a lower high. We then create our swing.

So this should have been the fib since market open. Because weve stayed in this area without breaking out or breaking down as of yet

On a smaller time frame the fib would change a lot, like on the 1 min, it can get noisy

[cloud cipher]

so i turned on the levels in lux...and i still dont 100% see how to identify what the differenec is

but it agrees with you

lol

this is all 5 min btw

[wraith wharf]

Um, I gotta think how to explain it.

[cloud cipher]

like i understand "Lower high...its a high lower than the previous. ". but its not 100% clear why those "lower highs" after that are not considered lower highs

if that makes sense lol

because it goes down...and then wicks higher than the previous high and then moves down again

[wraith wharf]

Yes the wicks are price calculated in with making highs and lows, doesnt matter if the candle closes that way.

Um thats just how market structure works

Id have to think how to explain it simply

If you saw my video you can copy my template and check out how it works for the indicators. https://www.tradingview.com/chart/Ru7dB9Xc/

[cloud cipher]

ok cool

ill check it out

im not disagreeing especially since Lux backs up what your saying

just trying to grasp why its like that

i will research more market structure stuff

[night flicker]

me?

[cloud cipher]

no i was talking about fib placement

not to you directly

[night flicker]

usually you want to look at the biggest move that we had, so for today it is the open pump

so you'll keep the fib from bot to top until we see it irrelevant and then we check which one is the relevant one

[hearty rivet]

hey hey

im finally on holiday hehe thank god

where them setups at

[wraith wharf]

NQ trying to break out of 64 area looking to go higher

Getting rejected like my college application

[hearty rivet]

LOL

thats painfully funny

https://tenor.com/view/college-stressful-mental-funny-community-gif-4664383

[wraith wharf]

Lol that's a good show

[hearty rivet]

right lol

[night flicker]

another beautiful trade\

closed early because I've had enough of this slow day lol

my weekend starts now

could've held till 30 minutes or so before market close

oh and my entry was too low lol

this is how the trade was supposed to go

I pressed the entry too early lol

[hardy iris]

woops im on the wrong side of the market

[wraith wharf]

Swept sell side liquidity

We are also in power hour. Before our weekend

[severe solar]

How is trading going today gentlemen?

[hearty rivet]

hihi

[hardy iris]

poop

[hearty rivet]

im watching blacklist

[severe solar]

Great price action

[hearty rivet]

no market for me today

[wraith wharf]

Took a few short stabs for a couple nice scalps 🙂

[severe solar]

Only one trade for me today would be up huge if held

[wraith wharf]

Yeah it was a beautiful day

[hardy iris]

looks more like a run on sellside for NDX

anyways happy weekend, time to relax

[night flicker]

full target was hit eventually

[barren lintel]

Im happy with this. I was negative quite a bit earlier. But took a breath, slowed down, and actually waited for price to move back between the FVG before entering, was able to go postive.

now time for some tequila and beer

[hearty rivet]

very nice profits guys

[hearty rivet]

i want some too im really sad about how Blacklist ended

been watching it for around 9-10 years now

[ancient marsh]

Another W day

[hearty rivet]

GG

[gritty crane]

Nice, glad you are trading well. I have been distracted lately - are you still using the @ancient marsh and quant strategy?

[cloud cipher]

Oh don’t ruin it! We watched part 1 last night

Doing the last hour in just a bit

My wife and i got married in the summer of 2013 - and blacklist premiered in September of 2013. We have been watching it our entire marriage lol

[ancient marsh]

Parts of both with new additions to both for higher win %s

[cloud cipher]

When it says place stoploss past recent swing high or swing low…is that considered the HH/HL/LH/LL?

Like are these considered the swing high and swing low?

Or is that something different

[ancient marsh]

Swing low and high are the tips of the swing

[gritty crane]

Thanks good luck with the new additions go @ancient marsh

[cloud cipher]

But it’s the tips of those marked above right?

Like this would not be a swing low

It has to specifically be one of the LL/LH/HL/HH

[ancient marsh]

The blue LL needs to be on the previous candle

[wraith wharf]

Swings are the last candles before price moves in a different direction.
So the last candle to make a high then price moves down. Soon as price makes a low and that last candle would be a swing before price starts to go back up

[cloud cipher]

Funny - i agree - that’s actually the lux swing high swing low indicator - so not sure why it’s off lol

[ancient marsh]

Probably had to wait to see how candle closed

[cloud cipher]

That helps - I was just watching some more ict related stuff that is basically Luke’s strategy he shared here and he was saying SL at the recent swing

So i am assuming that’s the most recent identifed swing prior to the MSS /entry

[ancient marsh]

I dont know that complicated ict stuff, im just a scalper

[lost harness]

Me too

Just a scalper

[ancient marsh]

It always seems to me you see the trades after they happen

[lost harness]

But I've been scraping

Of course you do they look so pretty after

Especially using LuxAlgo

💯

[cloud cipher]

So i am gathering it’s like this

Because if you broke structure you shouldn’t break that previous swing

[ancient marsh]

Seems they say this was the trade of the day so often

[cloud cipher]

Because your structure has shifted

[lost harness]

Today crypto was zooming

[ancient marsh]

Dont watch it honestly

[lost harness]

Yep

[ancient marsh]

Depends the product you are trading

Nq , Es , rty most to least volatile of the 3

Nq will test those edges a lot

[lost harness]

Yeah

Do you watch the orderbook?

[ancient marsh]

Nah

Why over complicate it

[lost harness]

It just helps at those edges

You can see trend reverse or start

[ancient marsh]

Nice!

[lost harness]

You don't have to watch it constantly

Just when you want to or plan to enter

LuxAlgo works great with it