ICT Advanced Price Action Trading Concepts

[sqa]

Can a pair just "take a vacation" for a day? It's currently 10 GMT and the USDJPY has a total range of 14 pips during the trading day. (Only 19 pips going back to London Close yesterday)

I can't find any time in the past 2 years that the pair has been this compressed. This is a pretty obvious order pairing (volumes aren't bad). I'm just trying to figure out which way it's going.

I'm pretty sure this is going for a higher USD, but I'm having problems seeing what it's responding to. Or why it's gotten so compressed. But, still working on it.

 

[PipHanger]

Here is what I see in the USD/JPY pair...Looking at 4HR Chart...

The green line shows that market structure broke to the upside.

The black line shows the 4HR Order Block.

You noticed after market structure broke to the upside that we had a consolidation and now just recently we broke out of this consolidation to the downside, possible judas move. This move is heading down into our 4HR Order Block, OTE, and 80 Level.

My guess, and my understanding of the tools, tells me price should be heading higher.

 

[SLT]

Here is what I see in the USD/JPY pair...Looking at 4HR Chart...

The green line shows that market structure broke to the upside.

The black line shows the 4HR Order Block.

You noticed after market structure broke to the upside that we had a consolidation and now just recently we broke out of this consolidation to the downside, possible judas move. This move is heading down into our 4HR Order Block, OTE, and 80 Level.

My guess, and my understanding of the tools, tells me price should be heading higher.

I am sitting on the fence with Yen, it could explode either way looking at the weekly chart consolidation it has formed, this H4 chart shows critical levels to keep an eye on, support or resistance

 

[SLT]

AUDUSD - Do you ever want to slap yourself in the face?
it is always the most simple things we seem to miss!
I could teach a kid how to trade this set up

******************************************************************************

Todays Opportunity in AUDJPY longs

 

[SLT]

Its hard to keep up with ICT

GBPAUD bottom

 

[sqa]

On the USDJPY, it actually finally went to where I had originally setup a Swing trade on Sunday. On Thursday. Lack of patience on my part. To the point where I actually setup the trade within 3 pips of the Asian session low on Thursday (which should hold for the week).

Which also brings up the issue that I'm good at calling tops & bottoms, yet it took me until yesterday to realize "Wait, if you know where this is going, why aren't you looking at craving out 40-60 pips on the counter move?". I actually saw the London Close move yesterday, but was setting up for a HTF buy. When I could have gotten out 45-60 pips. I could have done both without much issue.


As for the Yen in general, on a purely Political-Fundamental analysis, the Japanese are going to defend the key region the USDJPY keeps dropping into. If you look at the weekly Chart, you can see what's going on: Massive Order Pairing. The government wants the pair higher (which is also good for juicing the Nikkei), but it's always counter productive to a lot of their consumer economy: they have to import all of their oil & most of their energy. What they really need is for Oil to shed 20-30 USD in price.

So until the US economy kicks up or the Japanese Economy goes badly, it's going to be ranging here for a while. Of course, the EUR could start a meltdown, which would drive the Yen higher. Then life gets really weird.

 

[SLT]

I am a believer of the Hidden OTE levels in the Forex place
There are technical ideas you can use, to find sensitive FIFTY, OTE & EXT regions
and it is not "just" using Institutional levels, there is more!

and it also revolves around the big block idea, as we already know the big guns
are eyeing off specific levels, so fine tuning big price movement from those levels to, is key

The playing fields are created! or should i say, killing fields

I am not up to speed with Gridiron fields in the states, though from what i can gather, there is 10 20 30 40 50 yard lines? for the "players" to use.

This concept is used in the Forex market, the field is set, the lines are drawn and the game begins!

Its all about who has the ball and where it gets thrown! and i will tell you one thing, Asia has the ball way high up on EURGBP, so come and get it! Lol

 

[sqa]

American Football marks from the Goaline every 5 yards by full lines. (Hash-marks between major lines) But you have the general idea.

And there are definitely Hidden response levels. They take time to find, however, as they effectively are levels never touched. The pair flies through the location but won't return to it.

 

[Fuzzbuggy]

http://fxgears.com/forum/index.php/topic,242.msg3828/topicseen.html#new

"... I've often found that "NY Close" pivots are the most indicative, at least for daily pivots used for trading the Asian and London Session.

My rationale is that a new day begins after NY Close.... "

Hi Rod,

Long time, hope you've been well.

I've been trying to figure out exactly what the NY close pivots are. I have ICT macro pivots indicator but don't know how to set it to accurately reflect NY close. I'm on GMT + 3 on MT4.

Can anyone be of help?

 

[SLT]

American Football marks from the Goaline every 5 yards by full lines. (Hash-marks between major lines) But you have the general idea.

And there are definitely Hidden response levels. They take time to find, however, as they effectively are levels never touched. The pair flies through the location but won't return to it.

here is a teaser chart for us all, all these lines are fib points
ICT teaches us, confluence, Blocks, time of day (Lon NY or Asia) and price
you can see price using these fib points fairly well indeed
I am guessing ICT likes hes fibs the most, out of his toolbox.
the price extensions work incredibly well to

 

[jack]

Hi Rod,

Long time, hope you've been well.

I've been trying to figure out exactly what the NY close pivots are. I have ICT macro pivots indicator but don't know how to set it to accurately reflect NY close. I'm on GMT + 3 on MT4.

Can anyone be of help?

Hey Fuzz, welcome to the forum!

 

[Fuzzbuggy]

Thanks Jack, pleasure to be here

I registered a while back... just been in the shadows. When i've learnt some more and believe I can add value i'll definitely do so

 

[rod178]

Hi Rod,

Long time, hope you've been well.

I've been trying to figure out exactly what the NY close pivots are. I have ICT macro pivots indicator but don't know how to set it to accurately reflect NY close. I'm on GMT + 3 on MT4.

Can anyone be of help?

Daily NY Close pivots are simply Pivots (however calculated) set on a daily candle close of 5pm NY time. Currently this is GMT+3 (ie EDT at 5pm including one hour dst.) . Later when NY switches to EST your broker will sync and change to GMT+2. Hence your broker feed will create and maintain NY Close Pivots, provided that you leave any pivot offset, if available, as zero.

 

[rod178]

PS the difference between your brokers time and that of NY should remain +7hours

ie Broker +3 minus NY -4 = +7hrs

also refer the table below. The vertical dotted line, on the left, is the end of a the Broker day, which is 5pm NY. ie NY close.

 

[Tansen]

Can a pair just "take a vacation" for a day?

I think should answer it.

https://www.youtube.com/watch?v=5t99bpilCKw

 

[sqa]

I think should answer it.

https://www.youtube.com/watch?v=5t99bpilCKw

Sadly, after I posted that, I figured out it was going down, but rather than setting up to just grab the drop, I was looking for the Buy at the bottom. Screwed up both, haha. Still learning, though, so all good.

 

[SLT]

FIBER

 

[SLT]

USDCAD - 1.1000

 

[sqa]

I will admit that breaking down pairs with the ICT tools is getting fun.

After I got over feeling like an idiot for missing red flags that cost me trades.

USDJPY is looking go back for 1 more drop this week going into non-farm Payroll. Which is probably the big move for the month.

 

[sqa]

Per the live sessions, a joke:

Apparently the Chinese New Year is the "true" Asia Session.