Weekly profile are swing points, ICT Weekly Profiles, Easy Weekly profile guide, Unlocking Profits

Summary

In this video, we dive into advanced trading concepts, focusing on swing points and weekly price action profiles. The video covers key setups like the Classic Expansion Week, Midweek Reversal, and Consolidation Reversal, explaining how each of these patterns starts with a swing point and guides market predictions. The video also emphasizes the importance of using the economic calendar as a roadmap for trading. By understanding how different weekly profiles unfold, traders can anticipate price movements and make informed decisions, with practical examples and tips for real-world application.

Takeaways

• 😀 Swing points are the foundation of daily price action, marking key stages like expansions, retracements, and reversals.
• 😀 A classic expansion week profile starts with a swing point, where Monday or Tuesday sets the high or low for the week, followed by an expansion in price.
• 😀 The economic calendar should be used as a roadmap to identify key news events and potential market reactions throughout the week.
• 😀 Daily swing points should be confirmed with reversal candles and changes in the state of delivery on lower time frames like the 1-hour chart.
• 😀 Bullish classic expansion weeks show a reversal on Monday or Tuesday with price expanding to the upside after a retracement.
• 😀 A bearish classic expansion week occurs when Monday or Tuesday creates a high, and the following days see a downward expansion after a retracement.
• 😀 Midweek reversal profiles, especially on Wednesday, can indicate the high or low of the week, often triggered by high-impact economic news.
• 😀 In a midweek reversal, the price action on Monday and Tuesday may trade higher before Wednesday sees a reversal, with continuation to the opposite side afterward.
• 😀 The consolidation reversal profile is identified when the market consolidates Monday through Wednesday, and Thursday breaks out from the range, followed by an expansion.
• 😀 The change in state of delivery (from bullish to bearish or vice versa) is key to confirming reversals, and should be identified on the hourly time frames to ensure accuracy.

Q & A

What is the core concept emphasized at the beginning of the video regarding swing points?

The video emphasizes that every expansion, retracement, and reversal in price begins with a swing point on the daily chart. Even consolidation breaks start with a swing point, making swing points the foundation of daily bias.

What is the defining characteristic of a Classic Expansion Weekly Profile?

In a Classic Expansion Weekly Profile, Monday or Tuesday forms the high or low of the week. Price takes the previous day’s high or low, closes back inside the range, and then expands in the opposite direction for the remainder of the week.

How does one confirm an intraday or intra-week reversal according to the script?

A reversal is confirmed on the 1-hour chart by observing a Change in State of Delivery (CHoSD), usually defined by price closing beyond a series of opposite-direction candles or a key level such as the opening price of the last up/down-close candle.

What role does the economic calendar play in weekly profiling?

The economic calendar is used as a roadmap to anticipate volatility and potential reversal days. High-impact news events often align with key weekly turning points such as Wednesday in a midweek reversal profile.

How is the Bullish Classic Expansion Week identified on the daily chart?

It is identified when Monday or Tuesday takes the previous day’s low and closes back inside the range, followed by a bullish expansion candle that forms an open-low-high-close structure.

What distinguishes a Midweek Reversal profile from a Classic Expansion profile?

In a Midweek Reversal profile, Wednesday—not Monday or Tuesday—creates the high or low of the week. Monday and Tuesday usually make an opposing run or consolidate, and the reversal occurs on Wednesday after sweeping a previous day’s level and closing back inside the range.

Why does a midweek reversal often show a long wick on the weekly candle?

Because Wednesday typically creates a significant high or low before reversing, forming a large wick that reflects the initial expansion followed by a strong move in the opposite direction.

What characterizes the Consolidation Reversal (Thursday Reversal) profile?

This profile occurs when Monday through Wednesday consolidate within a range. On Thursday, either the range high or low is taken, followed by a change in state of delivery and continuation in the opposite direction, often extending into Friday.

How is the range defined in the Consolidation Reversal profile?

The range is established by marking the consolidation high and low observed during Monday through Wednesday on the 4-hour chart. When one side of that range is taken out, traders wait for a CHoSD to confirm the reversal.

How is SMT (Smart Money Technique) Divergence used in the examples provided?

SMT Divergence is used to confirm directional bias when one correlated market shows a failure swing while another makes a higher high or lower low. This divergence supports the expectation of a reversal based on displacement inefficiencies between pairs.

Why are Monday price movements often not traded, according to the script?

Monday is considered a no-trade day when there’s no significant news. It is often used only to determine the weekly profile, as its moves may lack clear direction and can be manipulative.

What is the Change in State of Delivery (CHoSD) and why is it important?

CHoSD is a structural confirmation signal showing that the market’s delivery has shifted from bullish to bearish or vice versa. It is crucial for confirming reversals before entering trades in all three weekly profiles.