The CDR was from 101.79- 101.53. The LO low was 101.58 and it just bounced away from there. So unless you had a limit order set (the kill zones are 0730-0830GMT) well before and i dont see why , since price could easily have gone lower till 1/2 SD , there was no chance to enter.
IMHO what ICT has taught is that we stalk the LO , wait for the price to make a low , retrace and then when it stabs right back at the low , that is when we buy , ONLY , during the LO kill zones. So id say , not my trade , didnt have a chance.
For e.g fibre on 23 May , price goes down to 2SD retraces some , and then stabs lower again at the kill zone timing , I took a long there 1.3919. This was substantiated in my mind by the following :-
1. Daily OB ( look at 12 feb 14 D1 bar).
2. 200 SMA.
it fulfilled the rules so I took it. Now its just sitting there , is another matter And I am wondering why.
Just my two bit
IMHO what ICT has taught is that we stalk the LO , wait for the price to make a low , retrace and then when it stabs right back at the low , that is when we buy , ONLY , during the LO kill zones. So id say , not my trade , didnt have a chance.
For e.g fibre on 23 May , price goes down to 2SD retraces some , and then stabs lower again at the kill zone timing , I took a long there 1.3919. This was substantiated in my mind by the following :-
1. Daily OB ( look at 12 feb 14 D1 bar).
2. 200 SMA.
it fulfilled the rules so I took it. Now its just sitting there , is another matter And I am wondering why.
Just my two bit