Youre going to look at the monthly, weekly, daily and 4h the same way as ICT outlines here
Which side of the market place has most recently shown displacement, was there a large push by smart money? Trading that direction is high probability
What is a sell program? We start on the monthly chart and we look for price to move away from a resistance level. When the timeframe indicates it wants to go lower, that is a sell program. We look for premium arrays to sell on the monthly, weekly, daily and executable timeframe for swing trading on the 4h you do it as well
So ideal shorting is when monthly, weekly, daily and 4h are in alignment and move away from premium PD arrays. Vice versa for buying opportunities ofc.
When swing trading, the easiest and highest probability is when these 4 timeframes are aligned
You dont need everything in agreement, you just need a few things. Atleast the interest rates should be in your favor, especially when you have a differential.
Youre looking at a likely bullish market → macro ideas support the bullish ideas → the market rallies higher with a displacement → wait for the retracement
We wait, we look for conditions in the market place while its rallying up to give resistance, Premium arrays that might give a retracement. That red line could be an opportunity for counter trend ideas, right now we wont do that, in august we’ll touch on it with the PDF files on when to counter trend swing trade
During the retracement were hunting for something to get us in sync with bullish prices on the HTF
Inside the green area, the range from the impulse low to the impulse high is your discount range, inside that range well be looking for the discount matrix
If the market profile is consolidation then we look if price is leaving the consolidation aggressively. We want to see displacement