marcusmcneice said:ICT- In regards to the Homework Assignment on Fib Order Block Concept and Pivots. Is there a preference on which timeframe to compute the pivots (midnight to midnight EST, midnight to midnight GMT)?
marcusmcneice said:Thanks Tansen, I guess I am asking is there a specific time to use to compute the pivots. I assume you have a EST based broker if you are using -5, so you would be computing the pivots using midnight to midnight GMT time.
Is there a preference with using Midnight GMT or Midnight EST, they would be different slightly. I guess it might come down to which session you are trading in (London Session or NY session).
GdayFx said:EURUSD blocks
if everyone is seeing Dollar strength, then naturally they feel EURUSD will fall, i am thinking if EURUSD finds a bottom next week or the next, the snap back to the upside will be fast and strong, before we see any more weakness in EURUSD. Fiber could rally very strong towards the highs again, and if it did, maybe even break the last high. anything is possible
There is a weekly block high below @ 137.155 which is just below a fifty fib and a Sweet Spot on the higher time frame, look at the Zoomed in weekly chart also here.
next level down would be 1.36200 on a sweet spot (are we still buyers)
also have referenced in red shadding, how price used that weekly block low as S&R through the consolidation, to me price was behaving/reacting around those 2 weekly candles that are arrowed in Blue, look closely, this little zoomed in weekly chart, tells a big story
sqa said:I know we all like to go "great video ICT!" and that type of response, but I think I might make the argument this actually is ICT's best video. Not that it doesn't require having worked through a significant portion of the previous videos to make any sense, but the function of just seeing "why" in real-time & knowing what those levels mean, all rolled into one short video, really is eye-popping.
So, great job ICT, thank you so much & keep up the excellent work. It's appreciated on a level I don't think you know yet. Which is why the haters are the haters.
sqa said:The multi-decade aspect of pairs is really fascinating. Certain levels respond almost identically. Most JPY pairs have been in some major regions like that for the last several months.