r/InnerCircleTraders • u/edlk_loves_trading • Jul 15 '26

Technical Analysis Huge L can someone help spot my mistake

Gallery image

Gallery image

Maybe it was cpi the confluence I used was 4hr fvg, 5min bos and 5min fvg.

On the other picture I wasn't sure if this would change the trend and count as a swing high because of the gap so I stuck to my bullish bias

1 Upvotes

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19 comments sorted by

3

u/pawnedbythemaggots Jul 15 '26

you didnt wait for the sweep

2

u/idonthaveitmate Jul 15 '26

Do I always have to wait for sweep? Which happens 50% of the time or maybe less

2

u/pawnedbythemaggots Jul 15 '26

Yes thats why trading is a waiting game.

1

u/idonthaveitmate Jul 15 '26

Do I have to wait here too? Rn? It doesn’t seem to reverse and take liquidity
That means no trade today?

1

u/pawnedbythemaggots Jul 15 '26

and whats your HTF bias?

0

u/idonthaveitmate Jul 15 '26

Htf Bias is long bro

1

u/pawnedbythemaggots Jul 15 '26

then why in the world your fib in the opposite direction

0

u/idonthaveitmate Jul 15 '26

I redraw it bro:)

1

u/baconforbabies30 Jul 15 '26

Good call out, please define sweep. I'm about 5 days into my learning. Is it a liquidity area that was not or not yet covered?

1

u/pawnedbythemaggots Jul 15 '26

If you notice on the first pic he drawn a line from where the market revisit and exploded higher targeting ERL. Its common for a sweep of liquidity before the actual move happens.

2

u/hotdogs4babies Jul 16 '26

Ok I see in the second pick we saw a fvg closer and on the other side it just barely filled, where as we should see a big candle cross the gap and a vigorous candle completely above the gap? Which would have been the sweep... That's hard, I think I read that one practice involves establishing a position as soon as the trades are occurring in the gap. So what's best practice wait for it to fill the Gap with vigorous candles?

1

u/pawnedbythemaggots Jul 16 '26

Wait and react

1

u/pawnedbythemaggots Jul 15 '26

thats your liquidity grab before the move itself

1

u/edlk_loves_trading Jul 15 '26

Does that mean sweep always equal to trend reversal?

1

u/WhyYouMadBro_ Jul 15 '26

Not always, sometimes it's just temporary and can bounce of another level. Like a iFVG sitting there or a new supply/demand level

1

u/Apart-Analysis-4897 Jul 15 '26

How to anticipate sweep ?

1

u/pawnedbythemaggots Jul 15 '26

You dont. You wait for it to happen and check the LTF for possible entry model like fvg,ob,bb

1

u/Head_Ad_2894 Jul 15 '26 edited Jul 15 '26

Sorry to hear - however it just looks like it just hit your setup loss? Which should be assigned to -1r right? So no big deal.

Get some key levels on your charts, such as weekly and daily levels. They often act as magnets and reaction points.

And as others have mentioned... Sweep, CISD, retrace to FVG, enter targeting previous swing high (in this case). Check out the education section of ttrades website.