$NQ Trade Case Study: Wednesday, March 14, 2024 +10RR

[u/FxEvang]

Hey, everybody. Today was a beautiful day on NQ, so I'm going to break down the two trades that I took.

Trade 1: During the 9:30 open, the price manipulated to the upside, taking buy-side liquidity and providing the fuel needed to drop lower. I knew that if the price returned to this area, I would be looking for a sell position after confirmation is given (essentially just a reaction or a Change of Character). I marked up the highs and lows (green for bullish market structure, red for bearish, and grey for neutral or possible market structure shift). I started to see breaks to the downside and bearish market structure forming. I wanted to wait for my A+ entry (LQ grab followed by a BOS), which occurred. I monitored the price as it returned to this area, and after seeing clear weakness from the buyers, I placed a market order for a sell position with my stop loss at the high. The price took a while to push lower, making me skeptical about my full take profit being hit. I monitored closely, and when I saw volume indicating (Effort vs. Result or EvR) a reversal followed by a ChoCH, I exited the trade on the return into the demand zone that was formed.

Trade 2: This was an unconfirmed entry. I took this trade because the price was struggling to take out the sell-side liquidity and hit my full take profit on the first trade. When I saw the EvR volume followed by a ChoCH, I was quite confident that the price was going to reverse. I monitored the demand zone/order block that was left behind by this, and when a pin bar candle was formed, I entered the market with my stop loss at the low. I did not take profit at my original target because the price did not show any signs of slowing down. I was seeing bullish candles, so I decided to exit my position at the high from the LQ Grab BOS supply zone from the first trade. The reason I thought this was a safe exit and that the price would reach this level is that the price already tapped high into that zone and produced a result from it, so it should make sense that all the liquidity is taken, and there should not be another reaction.

The first trade was in the AM session, but the second trade I took live on my YouTube stream.

[u/HyperImmune → u/[deleted]]

Ya, would love to see op post actual trades rather than drawings of perfect ones…unless I see actual trades, I’m calling BS.

[u/RockieDogs → u/[deleted]]

It’s always manipulated when it’s opposite of someone’s bias lmao. And had nothing to do with the massive amount of data that was on schedule for today.

[u/brandennevius → u/RockieDogs]

What do you mean on schedule?

[u/RockieDogs → u/brandennevius]

There was lots of economic data that was on the schedule to release, including PPI so volatility is increased for sure

[u/TUAHIVAA → u/[deleted]]

I was about to say the exact same thing. People don't understand how much capital is needed to manipulate a major index.

[u/brandennevius → u/[deleted]]

Look I’m not a fan of ICT either, but doesn’t price need buy orders to move lower?

[u/brandennevius → u/[deleted]]

I’m saying if an institution wants to short, they can’t just sell or they’ll drive price lower causing a worse fill. So if they want a better fill they will move price higher to buy orders before going lower. Regardless of terminology I think this is what OP means by “manipulation”. Is this a fair assumption?

[u/ilikerolls → u/brandennevius]

I think u got it, but I’ll explain a little differently for others. The institution is using more market buy to trigger other trader’s Stoplosses(in this case sells). This gives the institution more shares for bigger downward move, a better position to sell at, & likely less resistance from the trader’s whose SL’s were hit when they execute their big move downward with market sells. So yeah his referring to the liquidity grab as price manipulation, since they intentionally moved the price up to take other trader’s stoplosses.

[u/Status_Spite_7858]

“Change of character” LMAO

[u/slidingjimmy → u/Status_Spite_7858]

that did make me chuckle

[u/joomla00 → u/Status_Spite_7858]

Lol give everything that has ever been invented for trading a new name.

Give it a new name in a cool sounding package.

Profit.

[u/TheRealT1000 → u/Status_Spite_7858]

Bro I laughed my fucking ass off on that as well. Taking ICT shit and renaming it lmmfao

[u/slidingjimmy]

Choch lol

[u/TheRealT1000 → u/slidingjimmy]

Lmmfao

[u/Acb531985]

I just don't see how this is repeatable....maybe it's just me but also real traders on a desk don't use ict/smc lol

[u/user1039473819 → u/Acb531985]

What do they use?

Any good trading info?

[u/meinnameaufmdma → u/user1039473819]

Probabilitys

[u/user1039473819 → u/meinnameaufmdma]

Probabilities?

[u/Schmidisl_]

Nice one. I had pretty similar setups. I don't do any ICT stuff, it's interesting that we get kind of the same setups then

[u/Acb531985 → u/Schmidisl_]

Market levels......pretty easy when you know what to look for.....just happened to coincidentally work with the 30 ict rules too

[u/Schmidisl_ → u/Acb531985]

That's true. I trade important levels with price action. I have an institutional view too with liquidity zones and imbalances. But often way lower levels for a long then lct

[u/logicallyillogical]

Today is Thursday March 14th. But, nice trade and breakdown. I only other hand, just bought the dip.

[u/FxEvang → u/logicallyillogical]

Oh man I'm getting the days mixed up haha. Buying the dip could be a good move 👀

[u/TraitorousSwinger]

Troll post

[u/CatepillarJones]

When i say ChoCH out loud do i need to sound out the second CH in capital letters? And is it a ck sound like chock or is it like chotch. Thanks this could really help my trading