ICT Actual Case Study

FTMO Trader Scouting
jupiter_peak said:
And the plot unfolds. 1st target reached.
Click to expand...

It's been a "I really wish I had taken that" week.

Edit:

S&P500 gapped 2% lower. The entry I'm really sad about was getting Short above the Week Open on Monday. My suspicions about those Lows was correct, I just anticipated a higher run back before, well, that.

Oh well, always tomorrow.

Edit 2: Well, dang. Haven't seen that in a while.
 
It was a great opportunity to go shopping, I was expecting this for some time and a little agor reached the big time, with the trigger finger must press ... good trade for all :thumbsup:
 

Attachments

  • uj.jpg
    uj.jpg
    89.4 KB · Views: 60
Part of the problem of reviewing yourself to improve, is you feel really stupid when you miss things.

14xunk.png


Granted, forcing myself to go back and rework my Charts, often, has done a lot to rapidly improve the situation. Though it's taken some time to get used to a shifting market profile. This is the first time I've actually dealt with a real "reversal" profile, in real-time. There have been... issues.
 

Attachments

  • Better Chart.png
    Better Chart.png
    33.8 KB · Views: 52
My head is working a whole lot better today (there's a direct correlation between my energy level and the quality of trades I take :( ), and while marking up my chart better, something dawned on me.

**H4 MS Breaks are highly likely to be D1 Order Block creations**. They might just be confirmation of one underway (as ICT has pointed out a few times, the actual Start of the Order Block can be quite a while before it takes off), but it's not just important. It's always a big Red Flag for what is going on.

Much like the Power of 3, while ICT keeps it simple, the depth to the actions really do take a long while to sink in.
 
sqa said:
My head is working a whole lot better today (there's a direct correlation between my energy level and the quality of trades I take :( ), and while marking up my chart better, something dawned on me.

**H4 MS Breaks are highly likely to be D1 Order Block creations**. They might just be confirmation of one underway (as ICT has pointed out a few times, the actual Start of the Order Block can be quite a while before it takes off), but it's not just important. It's always a big Red Flag for what is going on.

Much like the Power of 3, while ICT keeps it simple, the depth to the actions really do take a long while to sink in.
Click to expand...

If you watch the videos (mine and michaels latest one), you would see that the analysis, performed at higher time frame (daily), was much simpler.

Bear in mind that the bullish order block was taken out and issued for a retest of the previous resistance.

So selling the rip, while market had turned bearish (MS and EMA crossover), made all the sense in the world.

Yes, power of three was there too. ;-)
 
Let me clean up my point:

A Broken H4 MS is a big Red Flag for a potential D1 Order Block creation. Which was my point, in that post. :)
 
mistica64 said:
What is ES? In which ICT videos, can I study and drill my knowledge on Order Blocks? I need to master this concept.
Click to expand...

ES is the S&P500 e-mini futures contract on the CME.

It tracks the S&P500, and trades pre and post the cash equity market so it is decent use for price history.
 
watching ES and UJ closely once again.

EU also very interesting for a friday when Yellen speaks.

Those who bought 1 standard deviation (LO low) for both EU and GU, made an awesome deal.
 
We have a bullish crossover in EURUSDs EMAS and a bearish crossover in USDxs EMAS.

Now cautiously waiting for market structure and bull order block (USDx) break for confirmation.
 
You must log in or register to reply here.
FTMO Trader Scouting
Back
Top