1 Forex Trade Per Month

sqa

Village Scribe
Hehe, mark up the Month Open on those as well. >:D

It was one of Michael's completely random knowledge bombs. The first week of the month trading setups up the rest of the month. Power of 3 at its biggest.
 

SLT

Official GDayFX.com Rep
sqa said:
Hehe, mark up the Month Open on those as well. >:D

It was one of Michael's completely random knowledge bombs. The first week of the month trading setups up the rest of the month. Power of 3 at its biggest.
Yeah, i have been showing monthly opens for a while now, in my videos.
Not trying to be a smart arse, dont take me wrong. but yes, it is ICT who has brought many a things to our attention. If it wasnt for him, i could have bailed by now. But saying that, i like a good test, a test of ability. i dont sit well with lying on the ground, and not getting up. I think the block concept, is the best thing a trader can use, on high time frame...
Also the dealing range thing, that works on HTF also, ie monthly high and low being the range, making it easier to see whats ahead. We never stop learning, thats what keeps me here... and i noticed ICT said he likes to be motivated, from our stories, not so much our winning trades Lol, he's a funny fella!
 

SLT

Official GDayFX.com Rep
...and honestly, ICT is right when he says, we need to trade every day, only to learn about price behaviour. I would rather trade less and make more, but first, we need to trade more to loose and learn. Like a lot of people here, i have been piecing together all the bits and pieces that have been laid out before us. its a bit like building a house Lol
Once a trader has been learning the way of the chart long enough, things do start to become more clearer. Since i have been using this Forum, i myself have grown. there are times in the learning process that drags on, then one day you see another level of experience, it is those levels that are worth the wait. most of us here are at different levels, i am guessing, in mind and trading experience.

****************************************************************************

The start of the month, the first five days, looks like it can be used as a CDR!
am i right??? has ICT mentioned anything like this, using the CDR on higher time frame?

Holy crap! i just found something else, just talking about this...
 

Attachments

saeedzaman

Well-Known Member
ICT did a webinar where he talked about the first week of the month being considered as the asia range and power of 3
 

SLT

Official GDayFX.com Rep
saeedzaman said:
ICT did a webinar where he talked about the first week of the month being considered as the asia range and power of 3
ah ok cool! i missed that game of pool... thanks!
 

saeedzaman

Well-Known Member
but its brilliant you were able to figure it out for yourself :). maybe look at the last week of month as CBR and first week as asia session see if that works?
 

sqa

Village Scribe
I'm not sure which Webinar he said it in, but it was one of those Rabbit Trails.

His off the cuff statement was something like "Just mark the Month Open and use a 10-period Williams' %R and you can see everything the dealer's are setting up". This lead into the first of probably 15 times I've gotten the Power of 3 teaching (trust me, I'm not complaining!), which lead me to finding the module in the old Torrent.

He dropped this before he, to my knowledge, had never done any public teaching using the words "Dealer's Range" when he went over this. Actually, I think it was just as April was opening, so it's Late March. However, I don't think that one got posted.

I should also note that, in your first post, note where most of those Order Blocks were formed. :) That's why I mentioned it. I thought it was another version of it.

Though I'm glad you found it on your own. Isn't that the point of the study ICT wants us all to do?

Edit: Okay, it was in the end of April. The 29th or 30th. But it came so fast & I wasn't taking full, long notes that day. That's where ICT dropped that tidbit, somewhere in the middle of a rant about the nature of the control of the market.

This is why I hate missing even a few minutes of the Webinars. Especially near the end.
 

the golden gun

RINSE & REPEAT
GdayFx said:
...and honestly, ICT is right when he says, we need to trade every day, only to learn about price behaviour. I would rather trade less and make more, but first, we need to trade more to loose and learn. Like a lot of people here, i have been piecing together all the bits and pieces that have been laid out before us. its a bit like building a house Lol
Once a trader has been learning the way of the chart long enough, things do start to become more clearer. Since i have been using this Forum, i myself have grown. there are times in the learning process that drags on, then one day you see another level of experience, it is those levels that are worth the wait. most of us here are at different levels, i am guessing, in mind and trading experience.

****************************************************************************

The start of the month, the first five days, looks like it can be used as a CDR!
am i right??? has ICT mentioned anything like this, using the CDR on higher time frame?

Holy crap! i just found something else, just talking about this...
You can basically mark off any areas of tight consolidation (on any timeframe, the concept is fractal) and trade it like a CDR... because think about it, who has the power to hold markets in limbo? It's the big boys, the central banks and their institutional partners in crime!

Watch for their footprint, and don't get suckered into thinking that it is consolidating because nobody is "interested" in trading the pair... someone is ALWAYS interested ;)
 

kate682

Well-Known Member
the golden gun said:
You can basically mark off any areas of tight consolidation (on any timeframe, the concept is fractal) and trade it like a CDR... because think about it, who has the power to hold markets in limbo? It's the big boys, the central banks and their institutional partners in crime!

Watch for their footprint, and don't get suckered into thinking that it is consolidating because nobody is "interested" in trading the pair... someone is ALWAYS interested ;)
Brilliant. Xx
 
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