Yirbu wrote:prochargedmopar wrote:This just turned 17 yr old kid breaks it down pretty simply.
He must be Dutch like I am, he has this funny English accent, ha, ha, ha.
ICT also has a video that explains this setup from A to Z.
Today I had an entry like this on Gold.
I was hoping for a reversal of the high of the London session but price blasted all the way up.
I thought that if it goes up fast like this it must come down again so i took this setup.
Price was above the daily ADR, peaked and came down with a momo creating a FVG. This gap gets visited again and price starts to go down. The trade was taken from the M1 but m5 would have worked the same.
As we have 0 momentum now it's good enough to close my trade.
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