ICT Actual Case Study

FTMO Trader Scouting
These sort of testimonials and hands on examples are a huge tip of the hat toward a mentor/teacher. :)

(And I think ICT totally deserves it.)
 
InnerCircleTrader said:
Jack:

I have to ask you to do something about this thread. Apparently, these guys are trying to ruin the reputation I have of not having the insights into helping new Traders. This is going to ruin me. :-\
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Yup, we're going to ruin your image by making large piles of money. For shame, for shame! :)
 
Jupter, nice adjustment on the "Kiwi". And, yes, it is an odd English word, haha.

As for the EUR-JPY trade, it might be several weeks, but I would expect that 200 extension to be hit, though with at least 1 retrace before that. USD-JPY is quite set to drop like a rock, but the big key is that there's no clear Order Blocks until it the 200 extension range, after the current Low is slammed through.

Still doesn't mean scaling out at 127 & 162 are bad ideas. I tend to favor that... when it's available. Oy, the Yen.
 
Sorry about the change of subject, but I read about some "Turtle Soup" set up. I searched over ICT material but was unable to find any info on it.

Could anyone point out any references about it?

Thanks in advance.
 
jupiter_peak said:
Sorry about the change of subject, but I read about some "Turtle Soup" set up. I searched over ICT material but was unable to find any info on it.

Could anyone point out any references about it?

Thanks in advance.
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A "Turtle Soup" is an expected Stop Raid for a reversal to happen. Obviously seen more Intra-day, it's mostly about catching people with break-out positions (on the HTF) and triggering liquidity, before the reverse move on the day.

If you have the Torrent, it's 25 Days of Forexmas #17, "High Probability Price Patterns" @ 36:30 into the video. He mentions it plenty of other places, but I'm not sure if he's explained it in detail anywhere else.

The "Turtle Soup" pattern is, technically, based off a 20-period High or Low being taken out. Daily Chart tends to show it more clearly. Also works on an Hourly Chart pretty well, too.

If it runs through a previous signficant level by just a bit to reverse, that's a "Riptide" reversal. It's from Chris Lori's work, rather than Linda Raschke.
 
sqa said:
A "Turtle Soup" is an expected Stop Raid for a reversal to happen. Obviously seen more Intra-day, it's mostly about catching people with break-out positions (on the HTF) and triggering liquidity, before the reverse move on the day.

If you have the Torrent, it's 25 Days of Forexmas #17, "High Probability Price Patterns" @ 36:30 into the video. He mentions it plenty of other places, but I'm not sure if he's explained it in detail anywhere else.

The "Turtle Soup" pattern is, technically, based off a 20-period High or Low being taken out. Daily Chart tends to show it more clearly. Also works on an Hourly Chart pretty well, too.

If it runs through a previous signficant level by just a bit to reverse, that's a "Riptide" reversal. It's from Chris Lori's work, rather than Linda Raschke.
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Unfortunately I don't have the torrent... ;-(
 
I think I got the torrent here: http://www.4shared.com/get/Ko9GbXu6/Smart_Money_Traders_Complete_P.html

although it is a bit annoying to download it with logins etc... Would be happy to share the vids some other way if needed.
 
USDCHF Buy model and trade. (missed LONG)

USDCHF Buy Model and trade. (missed LONG).

https://www.youtube.com/watch?v=6su_yP7_H3A
 
Re: AUDUSD Short

jupiter_peak said:
My desire to make perfect entries sometimes leaves me out of a trade.

Will post video later...
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Here is the video with some more in it.

http://youtu.be/4wWEpwREn9I
 
GBPJPY Short

GJ offered a short entry during London session.

Incredible how the market offers us candies day after day. Don't have to be glued to a screen like a maniac to make some money.

By the way, kiwi trade reached initial target.
 
many candies, but where to enter? sometimes it does not retraces into judas at all and miss trades, and sometimes take our stops :)
took a short 6655 and lost
took another short at 6676 and wonder if will break under the 6600

btw, nice videos! I like the way you explain how you plan your trades :thumbsup:
 
ovidiux said:
many candies, but where to enter? sometimes it does not retraces into judas at all and miss trades, and sometimes take our stops :)
took a short 6655 and lost
took another short at 6676 and wonder if will break under the 6600

btw, nice videos! I like the way you explain how you plan your trades :thumbsup:
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Thank you very much.

Which pair? GU?
 
yes, GBPUSD.. looks like it will consolidate waiting for FOMC
sorry I tought you were talking about GU earlier :D
 
ovidiux said:
yes, GBPUSD.. looks like it will consolidate waiting for FOMC
sorry I tought you were talking about GU earlier :D
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No problem. Here is the video on how I would love to see it happen.

https://www.youtube.com/watch?v=Ga3fdotw708
 
NZDUSD Short Update

Kiwi trade offering some nice returns!

TP2 almost reached @162.0% extension level with a gross floating profit of 147 pips @ the moment.

It pays off to trust and therefore study information that makes logic sense.
 
USDCHF & USDCAD Stop Rids + Long

USDCHF & USDCAD provided stop raid long entries today. Will post video in a few.

Best to all.
 
While this is my only largely profitable trade on the week (I'm still working out bugs in my Take Profit logic; I've left roughly 15% on the table in the last 2 weeks, in trades I was in), this one is still fun.

2zxmuep.jpg


This is great though. As with ICT's further delving into Market Maker action, this one pretty much played exactly off of it. Yellen Speech at Jackson Hole was at 10:00:00. Yen had cleared out the Longs (plus a Wednesday Move full retrace to the 103.50 level) but left the Shorts still in by all of .5 of a pip. (Minus on some Brokers, obviously) Perfectly setup to run up a bit, especially as the previous highs were at 103.97. "Oh, 104 is resistance!" says the people that got nailed because it went to at least 104.06. :)

That was 23.2 pips in 23 seconds, haha. Technically about 1.5 R:R on entry, but functional range (how much it actually went below my Limit) was 3.8 R:R or so. Hey, I'll take it. Gets me back up a level for my Open Risk. (It was a bad week)
 

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Re: USDCHF & USDCAD Stop Rids + Long


Follow-up, additional views andsecond opportunity to go long.

http://youtu.be/-2E4u_y9MUM
 
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