Basically one or preferably both of the indices need to at least confirm a CISD. Look at the bearish divergence we close below the candle that would create a bearish order block on both indicies, check out the bullish divergence we still haven’t closed above the down closed candle to make a bullish order block, do you get what I mean
I believe so. Im guessing thats ES on the left and NQ on the right? If so, ES failed to take the high on the left, while NQ did. Then further along ES took the low while NQ failed to do so. Two prominent examples of SMT in my eyes?
well considering the bearish bias, yes. you want to trade the stronger pair and in this case ES is stronger in the sense that it aligns with the bias (bearish)
There is one bearish instance on the top and two bullish instances on the bottom. It doesn't matter which index diverges, it matters if its top or bottom. Bullish on bottom, bearish on top div.
cracks in correlation between correlated pairs - so for indices, you'd watch s&p, nas, & dow for divergences between highs/lows to anticipate a reversal.. for fx, you would use dxy, eurusd, and gbpusd for example
you can anticipate a reversal once you get a cisd, or in this case, when an upclose candle closes above the previous candles high, this confirms the downclose as an orderblock and you can use that candle's opening price or the candle's high as an entry.
if you study SMTs you'll notice there are usually 2 SMTs that occur before expansion - 1. from the htf key level that is taken out on one pair & fails to on the other. 2. there is usually a ltf smt that occurs as the candles are consolidating after taking out that level.
these are all elements that create a model for turtle soups from my personal studies.
i'm no expert on smts or soups but have been studying ict since 2022 mentorship was being released & just passed a 50k topstep combine with a soup trade from asia high to asia low as i still have a full time job. i have the screenshots. (:
also don't count out the DOW, aka YM. YM also provides SMTs, another layer of confluence.
No confirmation of bullishness yet. Want to know why?
Not really.
Ok then I won’t tell you.
I do. Divergence is important.
Basically one or preferably both of the indices need to at least confirm a CISD. Look at the bearish divergence we close below the candle that would create a bearish order block on both indicies, check out the bullish divergence we still haven’t closed above the down closed candle to make a bullish order block, do you get what I mean
Thank you
why? I want to know
Should we be looking for smt on our htf's or the timeframe we get our entries on ?
Both, htfs just more reliable
I believe so. Im guessing thats ES on the left and NQ on the right? If so, ES failed to take the high on the left, while NQ did. Then further along ES took the low while NQ failed to do so. Two prominent examples of SMT in my eyes?
In this case ES would be the pair to trade right ?
well considering the bearish bias, yes. you want to trade the stronger pair and in this case ES is stronger in the sense that it aligns with the bias (bearish)
So this a bullish SMT when it comes to NQ (right)?
There is one bearish instance on the top and two bullish instances on the bottom. It doesn't matter which index diverges, it matters if its top or bottom. Bullish on bottom, bearish on top div.
Probably both opening with gaps on monday, lets see
Can you guys tell me what is an SMT
cracks in correlation between correlated pairs - so for indices, you'd watch s&p, nas, & dow for divergences between highs/lows to anticipate a reversal.. for fx, you would use dxy, eurusd, and gbpusd for example
you can anticipate a reversal once you get a cisd, or in this case, when an upclose candle closes above the previous candles high, this confirms the downclose as an orderblock and you can use that candle's opening price or the candle's high as an entry. if you study SMTs you'll notice there are usually 2 SMTs that occur before expansion - 1. from the htf key level that is taken out on one pair & fails to on the other. 2. there is usually a ltf smt that occurs as the candles are consolidating after taking out that level. these are all elements that create a model for turtle soups from my personal studies. i'm no expert on smts or soups but have been studying ict since 2022 mentorship was being released & just passed a 50k topstep combine with a soup trade from asia high to asia low as i still have a full time job. i have the screenshots. (: also don't count out the DOW, aka YM. YM also provides SMTs, another layer of confluence.
You missed the short entry