In the last live session done by ICT on Nov 30th. Around the 19min mark. https://www.youtube.com/watch?v=8WLPSeH2Ga0
Michael shows SMT divergence between the three US indexes. He shows that the Nasdaq comp made a lower low on Sept 29th while the DJIA and the S&P 500 did not make a new low. I...
Thanks Sqa,
I had not thought of the NZD as a major because most people don't talk about it much.
I will watch to see for manipulation similar to the GBP and EUR.
In MM6 ICT mentioned that the AUD has more activity during the Asian session. I have not looked the AUD very much.
To apply ICT concepts to the AUD what could you use for a correlated pair SMT divergence? Would the Yen be the other pair?
Is the Asian session where the major move can happen...
Post # 502 is about vertical time lines. The chart overlay I was referring to is when another currency pair is overlaying on top of your main chart. The one ICT used is nice because the chart overlay is not bellow the main chart as I have seen with other indicators.
Who here is following the ICT risk control of 2% down to 1% and so on? Piphanger do you follow this method? I don't and I have been burned twice. I want to, but greed gets in my way. I am working on this. I am going to put a limit of 0.5% risk when against the 9 & 18 as this is when I have lost...
I am a ICT follower along with reading Larry Williams book on the COT data. One thing I have noticed is looking at Open Interest from barchart dot com. The OI for the same comodidity differs between the daily and weekly charts. Does anyone know why?
Here is an example:
Daily nearest. OI 180,559...
What are peoples thoughts on Jim Rickards and his book "the death of money"?
ICT what do you think? How big is your pile of gold and does anyone want to buy an overpriced house in Vancouver :P?
On ICT's advice I bought all of the Larry William books second hand. I would recommend them all as they are an easy read and reinforce ICT teachings. Larry talks about, and graphs the next month out contract premium as a macro indicator. Ie. if the next contract out is cheaper than the present...