We want to sell to the buyers and buy from the sellers, sell at a premium and buy at a discount. Retail buys at premium and sells at discount.
If the market is bearish, we will be looking to sell above old highs
Theres going to be dumb buyers above highs or they have shorts on and there stop loss will be above that high a buy stop.
We want to sell in that pool of liquidity above an old high of buyers.
Were going to roleplay as in, ask yourself if i was short right now where would my buy stop be, and if i was long where would my sell stop be, by doing that we can get a view of where other traders have their buy and sell stops.
The trick is knowing want the underlying bias is of the market, does it want to go higher or lower on the HTF. Then it becomes easy to wait, if it wants to go higher wait for an old low to be taken out and we can be a buyer.
Expect a 10-20 pip sweep, if you instantly want to buy under the low then use a 30-50 pip stop loss. Don’t FOMO by buying at the low or above it, buy under it.
If it starts moving beyond 25 pips its probably not a sweep and its likely a contuniuation of the decline
Accumulation sellside for longs and distributing the longs to buyside
Ive noticed ICT wait for a 15m sweep because the low before that on the 15m didnt sweep anything?
If the market has been trending troughout the week, the market will likely see a choppy day on friday because they want to take profit
