ICT VS Shopsters

Discussion in 'Trading Journals' started by GITrader, Jul 6, 2016.

  1. GITrader

    GITrader Well-Known Member

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    My 1st tries at ICT with the materials that I gather here. Thanks to everyone here.

    The open of Tokyo/ London, NY, London plus minus 1-2 hrs is the kill zone, means areas of high probabilities trade.

    At that zone area look for PDH/l, Pivot support and resistance to buy and sell. Then zeroed-in with ICT FIBO OTE/Sweetspots.

    Hope you all be patience with a rookies and kindly please correct me.

    Later I post my Shopsters set of Analysis that Shopster taught me.
     

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  2. GITrader

    GITrader Well-Known Member

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    Shopster Method applied to same EURUSD trade.

    1. Identify MACD Fully diverged in HTF, in this case M15. Refer to Shopster Forum for details.
    2. Standard Stochastic Divergence.
    3. Super ADX confirmed a High Probalities trade. Shopster say it is His secret sauce but can be found as of everything in the Internet. His Forum does shown it in pics but He does not give or teach this.
    4. Shopster Sessions Indicator where it show the LOD where a likely Patterns in these case a DB ( Double Bottom) appears.
    4A. If 1-4 prove true, then a likely revert to means trade will occur. It means the price returning back to the MA. Then proceed to Step 5.
    5. Go to a lower TF in this case M5 to zoom in this DB. We witness the MACD fully diverged. The descriptions of Shopster refer to his forum. Here we Placed Shopster Fibo on the leg up to see how much the last leg of the DB retraced. He liked it to be .86. These is his perfect setup. Placed ordered here.
    6. ADX appeared here will strongly wagged you in a strong affirmative.
    7. Shopster Fibo projection placed at last leg.
    8. You can go lower TF M1 to look for Shopster setup to load more.
    9. Projection at this DB with MACD Diverged shows alignments of Shopster Final Fibo numbers with an MA. Notes also the MA here aligned to affirm your trade bias is correct for the mean reversion for the short run. In this case areversion to the Purple.
    10. When the MA from the HTF to the LTF align in 1 then 2 then 3 sequence realise all your profits and made an exit.

    You must practised it many times then you can see it or have the faith to believe it to pull the trigger. It does not tell you all the details like ICT.

    Refer Steps to the Charts attached.
     

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  3. GITrader

    GITrader Well-Known Member

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    Again another Pattern found on the London Session, in this case H&S. Shopster do not view it as a valid as the last leg did not retrace by 86%. So not a setup.
     

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  4. GITrader

    GITrader Well-Known Member

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    A H&S that is a valid Trade. Trade taken at Step 6 or Step 8.

    Dark Zone is in between the sessions zone. See attached Charts


    Note the targets hit at 5.76 Kahuna and also the ADX triggered that a high probabilities trade coming, so quick to exit.
     

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  5. Computater707

    Computater707 Well-Known Member

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    good luck and keep it up to demonstrate to yourself you are consistently successful.

    by the way your S3jpg in post 2 will not open for some reason with a default windows picture viewer.
     
  6. GITrader

    GITrader Well-Known Member

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    Sorry that it happen, newbies at work.
     

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  7. TheInnerpreneur

    TheInnerpreneur Active Member

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    Interesting, do you have a clue were I can obtain the super adx indicator for MT4? Google is my friend but I can find anything?

    Thanks, will watch in interest
     
  8. Th3Lucky1

    Th3Lucky1 Just another 1

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    hmmm,
    nice breaking down though :p BTW the ICT fib projections should be from the 2nd leg,at least if i recall correctly. Also a macd cross is not divergence. The mark on the 2nd chart i think

    -TL1
     
  9. GITrader

    GITrader Well-Known Member

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    I may be wrong for ICT on the fibo on 2nd leg, but that's wat I find in the material. Shopster never look at the cross for macd, only strictly his way of looking at divergence.
     
  10. GITrader

    GITrader Well-Known Member

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    I just type Super ADX on search engine and it appears and still able to be downloaded. Hope this help.
     
  11. GITrader

    GITrader Well-Known Member

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    Another Shopster setup. Cannot see similar ICT setup as my ICT knowledge is too poor at the moment.

    1). Note general stuff like Asia session high, open price. Revert to mean, the Yellow Money line. So will it bounce off it or further push down.
    2). M15/M5 STO and MACD rolling downward, further momentum.
    3). Shopster prefer to know terminations of a previous swing, which gives weigh to a new swing and a much better setup thru a FIBO termination and session high/low.
    4). Shopster Roll and Puke Pattern, Refer details to his forum.
    5). Triple Top with 86% retrace. Start selling here.
    6). Additional confirmation to trade is "resting" on MA which aligns in sequence, dotted below the Yellow money line. Knowing where it pushes from the HOD and Open which serves as heavy top.
    7).Targets hit at Fibo projection 5.76 which is Daily Pivot location. LOD placements, plus ADX triggers screaming to exit the trade.
     

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  12. GITrader

    GITrader Well-Known Member

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    No Shopster Trade but ICT one. Can ICT Expert please verified it so I can learn?

    1. Market Flow up.
    2. Heavy Support line from Higher TF.
    3. Asian Kill Zone.
    4. Beautiful Market Structure fractals. See color.
    5. OTE Entries.
     

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  13. GITrader

    GITrader Well-Known Member

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    ACD by Fisher guy.

    Let's compared the earlier ICT Trade.
    1. Above Daily Pivot differential denotes heavy support zone. Look for a tasty buy.
    2. Asian LOD formed. Low of Day. Refer to Shopster.
    3. At 50% support of CPP and DP.
    4). Pldot scream to buy after that doji, MM fixing stops.
    5) Pldot highlight s closed trade position.
     

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  14. GITrader

    GITrader Well-Known Member

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    Shopsters Style Trade. See Steps annotation in charts. A bit too much job doing it. Wahaha.

    Steps 8 shows why a re-entries long will be foolish.
     

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  15. GITrader

    GITrader Well-Known Member

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    ICT similar Trade. Really hope people here can point my mistakes on ICT.
     

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  16. TheInnerpreneur

    TheInnerpreneur Active Member

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    strange how these threads start then stop immediately?
     
  17. pipbanger

    pipbanger Well-Known Member

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    I've been studying shopster for last few months but haven't been able to quite nail it down. Really want to master his methods. Thanks to GITrader for starting this thread and the outline he's provided us. let's hope it doesn't die here. Maybe even shopster will show up with a few tips/corrections along the way.

    ICT i'm not familiar with however does seem to have a cult like following around the web.
     
  18. Th3Lucky1

    Th3Lucky1 Just another 1

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    By anychance you related to Piphanger? :ponder:

    TL1
     
  19. pipbanger

    pipbanger Well-Known Member

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    nope, no resemblance. do you know shopster?
     
  20. shopster

    shopster Well-Known Member

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    " nope, no resemblance. do you know shopster? "

    any relation to ICT.............:)

    s
     

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