ICT Advanced Price Action Trading Concepts

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I agree, it was stunning the first time I used it too. I believe it's going on over 5 years now since I've been using his concepts, without success. So if you are getting it within a couple months then congrats, that's pretty awesome...

If he is just throwing out different strategies so we can grasp one that suites our needs, and does claim that certain strategies is all you need to make a living, then why not focus on one of those strategies instead of coming up with new ones or making changes to existing ones?

I believe he said we were going to put these to the test on March 1st, but still yet to see this?

It seems like a mind game to me, a trap to keep people coming back for more. Does a teaching lesson on Forex need be 5+ years long or is it being dragged out for a reason? I personally think our time would of have been better spent going over one or two strategies this whole time.
 
Well then my friend...Pick one or two of them and only focus on those...

PipHanger said:
I agree, it was stunning the first time I used it too. I believe it's going on over 5 years now since I've been using his concepts, without success. So if you are getting it within a couple months then congrats, that's pretty awesome...

If he is just throwing out different strategies so we can grasp one that suites our needs, and does claim that certain strategies is all you need to make a living, then why not focus on one of those strategies instead of coming up with new ones or making changes to existing ones?

I believe he said we were going to put these to the test on March 1st, but still yet to see this?

It seems like a mind game to me, a trap to keep people coming back for more. Does a teaching lesson on Forex need be 5+ years long or is it being dragged out for a reason? I personally think our time would of have been better spent going over one or two strategies this whole time.
 
I am trying to grasp the 9ema and 18ema strategy, unable to grasp it profitably...Looking for guidance from a mentor with skills to do so...
 
Honestly man, that's one tool i DO NOT use, because i didn't like how it acted at extremes, for direction, i just use market structure myself, like you...i tried the EMAs and i didn't like them either :) see...its a personal thing

PipHanger said:
I am trying to grasp the 9ema and 18ema strategy, unable to grasp it profitably...Looking for guidance from a mentor with skills to do so...
 
He does not necessarily change strategies. In my perspective, he gives different methods or tools for people to see what they are comfortable to trade. Some people have need or impulse to be more involved in the market, then just waiting for the daily or 4h setup to materialize. I know he suggests most beginner traders, like myself, to focus on the HTF setups. He gives people additional tools or methods to find additional setups to trade in the shorter timeframes, while they wait for the bigger HTF setup to appear. It less that is my take on the additional levels of information.
 
Re: ICT Homework, Pound trade & how i trade EURJPY

RE ICT Homework, Pound trade, how i trade EURJPY and looking at the USDX
also talking about using ICT concepts towards your personal development

https://www.youtube.com/watch?v=Wc608_lbFMM
 

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ICT has put out a lot of videos, most of them in a specific "series". The intent is to show a "way" or an approach. Everyone has their own "Type" of trader. You're looking for the things you can "see" before they happen in the Price Action.

If you can see Intra-Day moves (and can't handle leaving an open trade that long), then that's what you have to focus on. If you're a "Once a Month" trader, then crack open those Weekly charts. It goes together.

The 9 & 18 EMAs is actually just something he started saying somewhere in the 2012 series. He actually talked about several other Momentum Indicators and his loathing of RSI, but he's come to normally suggest the EMA setups. Mostly as they're a lot easier for most people.

I do use them personally, but in combination with a ZeroLag MACD Indicator (that was posted around here). The EMAs are obviously a lagging indicator, but if you're only looking for a Retracement into an OTE, it'll generally show you the proper one to look for on a weekly basis. Has problems at reversal points (since it takes a while to bridge that in, which is why H4 chart is useful), but will put you in the right "bias" more often than not. Add in some price action & the mental psychology to handle trading, and it can work. Profitability is, however, all down to the Trader himself.
 
PipHanger said:
I agree, it was stunning the first time I used it too. I believe it's going on over 5 years now since I've been using his concepts, without success. So if you are getting it within a couple months then congrats, that's pretty awesome...

If he is just throwing out different strategies so we can grasp one that suites our needs, and does claim that certain strategies is all you need to make a living, then why not focus on one of those strategies instead of coming up with new ones or making changes to existing ones?

I believe he said we were going to put these to the test on March 1st, but still yet to see this?

It seems like a mind game to me, a trap to keep people coming back for more. Does a teaching lesson on Forex need be 5+ years long or is it being dragged out for a reason? I personally think our time would of have been better spent going over one or two strategies this whole time.

it really seemed like you gave up there a few years ago or whatever it was. you must be hooked like me hahahaha.

i think what you're not understanding is that Michael isn't a perfect teacher, but he's trying to basically translate what he knows into something he can teach. i think he throws everything at us because he knows some people will like some concepts better.

it seems what you need to do is CHOOSE (yes you have the power!) what strategy you want to focus on and then just do it.

i think you are focusing too much on being right, and not enough on profitability. Profitability allows you to be wrong many times over, so take the liberty and remove the stress.

anyway, i would be willing to review your trades as long as they are GU/EU/AU/UJ and offer my perspective on the price action.
 
Fact is (read it somewhere so must be true) that about 80% of people will never make a success of trading, even when using profitable tools.

Being able to use a saw, hammer and screwdriver etc does not mean that you will be able to build a house.

Another issue is - those that are desperate to make money trading are setting themselves up for failure. It is all in your own head, so little point in bleating about one's own personal issues. Besides nobody 'really' caring it merely indicates that such individuals cannot accept personal responsibility for there own actions.

Maybe it is all part of the 'self-entitlement attitude' that has crept into western society. Better to move on to something that would provide success, rather than blame others for personal failures.
 
rod178 said:
[...]
Another issue is - those that are desperate to make money trading are setting themselves up for failure. It is all in your own head
[...]

This. The only thing worse than getting fixated on the dollar signs is having your trading journey rushed because of personal (immediate) monetary goals that have nothing to do with trading well.

I see it all the time with n00bs at my work. Trainees get one shred of consistency, making them a tad over-confident, and then go full retard because rent's due.
 
BLOCK HEADS - EURAUD
EURJPY LONGS

EW
H4 Block
15GMT Kill Zone
institutional level
OTE
weekly low ?
 

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Dan

Although EW is not part of ICT methodology it is apparently part of yours. I have recently become interested in relating EW to The Market Maker Profile. I have also started to study the EW material by Jody Samuels.

Interested in some detail in your posts, if possible, on EW and MMP.
 
rod178 said:
Dan

Although EW is not part of ICT methodology it is apparently part of yours. I have recently become interested in relating EW to The Market Maker Profile. I have also started to study the EW material by Jody Samuels.

Interested in some detail in your posts, if possible, on EW and MMP.

Yeh cool,
i used to rack my brain thinking, holy crap who do i follow! is it the EW market structure or the ICT MMP, then i relized! Hang on a minute, when you use OTE and FIB extensions, with EW market profiles, they seem to be lining up together with MMP at times, ecspecially when the market is tracing out a perfect price action cycle, ie climbing in stages then breaking market structure, then selling off. Using the fib extensions 127 162 is proving to be very accurate, once price starts moving off order blocks. What ICT conceptulizes for me is, the inner workings of each major price move, moving from range to range and back again. I am still fine tuning these two concepts in line with each other myself, as i can really see how they Gel, when used properly and most importantly at the right time. Just to simplify Order blocks for my self, i am calling them Bull Blocks and Bear Blocks now, a bull block is when market retraces and bounces, a bear block is when market rallies then sells off from it. If a new trader came to me and said, what do i learn first ICT or EW, i would have say, both are great concepts, use separate charts for each concept, then as you progress into a better trader, start adapting the two together. this way there is no confliction, until both are understood. It has taken me equal time, to understand both concepts more in depth. 2 years full time.

Here is a chart to get you thinking, if anyone can understand this chart, then they are progressing as a trader. Have you ever herd any forex trader on this planet say "Bull Block into a 4th wave rally" im guessing not! though you will from the Gdayfx camp

Great question Rod! i had to ask myself the same question!

i have added the educational chart, study it closely and see how the Order blocks are working, in lines drawn out in time!
 

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it is becoming more clearer!!! i am starting to shout at my charts... lol
ICT is on the money, when it comes to order Blocks. i sore this coming last Friday!!!
 

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Dan

thanks for the response

Question - how do you determine the most appropriate TF for the order blocks.

Currently I try to find the lowest TF with the cleanest orderblock candle that has confluence with Fibs, NYC Pivots or other KSR. I then use a limit entry at the orderblock (bear) candle Open (Longs) or orderblock (bull) candle Close (Shorts).
 
GdayFx said:
....i have added the educational chart, study it closely and see how the Order blocks are working, in lines drawn out in time!

modification to your chart with where I identify the latest order block. Note it is the preceding bar, not subsequent bar(s).

additionally I would not use the Bear Block as the orderblock is not clear. Maybe it would be on another TF, again on the preceding 'clean' bar, at its open.
 

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rod178 said:
modification to your chart with where I identify the latest order block. Note it is the preceding bar, not subsequent bar(s).

additionally I would not use the Bear Block as the orderblock is not clear. Maybe it would be on another TF, again on the preceding 'clean' bar, at its open.

I didn't relize you lived in Perth! most people on here are from the States UK or Canada.
yeh true, there is a preceding OB in the chart, ICT uses order blocks further up the price legs at times, when needed i noticed. I use any time frame for order blocks, any time frame that has confluence with fibs, institutional levels etc

Just an example 1 minute chart here, going long, look how the order block was created with the triangle type consolidation, then they moved price up fast. ICT once mentioned, something goes on around this area. Then when price comes back to the top of the 1 bull block, it reacts. not to say this trade will go forward, but this is one are i keep a close eye on when looking for a day trade
 

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