$YM beautiful setup yest afternoon..
Didn't take since was outside trading hours, but quarterly theory applied to the tick.
SMT divergence in 6h, SMT in 90m, then $YM right to the target
$MELI gapped down after earning. Market is pricing the reduced margins, but it's a company that is growing earnings at a high pace and now priced at the same levels as 2021.
Now below 200 week MA. Looking for a potential reversal after taking liquidity. Potential long term hold
$ES I did take this short for a 3R trade. 1w 1L 1BE for the day. 2R total.
I was expecting an SMT at the highs in order to go short.
$NQ $YM took PWH, while $ES did not.
Then further SMT when $YM rallied and took NY session highs.
Also SS to confirm direction of all triad.
I was totally off with $CL today, but look at this setup using quarterly theory.
Is this a good setup of what @GxTradez ?
5:1 RR potential.
I'm kicking myself right now... π₯²
#ICT#GxT
thanks for the teachings boss!
$YM trade, BE
-We gapped down at the open on Sun
-PA still bullish
-6hr showed bullish reversal at 18 hr and then expansion.
-After $NQ made the lows in NY, with SSMT and 2 stage SMT, traded $YM higher.
Stopped BE.
Price action has not being the best for my models.
In equities, I was planning to long during the April bullish reversal, but haven't gotten any low risk entries nor pullbacks and reached ATHs.
In futures, PA last week didn't provided many entries
I took $YM today, breakdown ..
#Indices outlook
$NQ $ES $YM
We had a bearish expansion week, tapping into the weekly+FVG.
5 consecutive weeks in a row, so now expecting a bullish retracement.
First target is the proximity vol. imb. around 24.000 $NQ, 46700 $YM and 6530 $ES
Probably $YM put the high of the week here
It rebalanced the volume imbalance on the daily and we are getting a nice C2 bearish closure.
Potentially we see FOMCS expanding lower and distributing to those equal lows below
#ict
$YM
My bias was bullish entering the session.
The breakdown caught me off guard
$NQ $ES break down first, at close of 9.30 $YM showed its hand.
C2 bear closure. SS w/ $NQ.
Entered after CISD after it had SMT w/ $NQ
First stopped, too tight stop.
Then it run to target! π€
For day trading I took YM yesterday. First was a loss, then I won in the reentry
-1R and 2.5R. Could had held for a bigger move in hindsight.
See the trades below π§΅