It's just something I play with to see if the concepts are "universal". It has no relationship with anything ICT tells.rod178 said:Yes I understand the Pit Trader start concept, although he seems to be erroneously basing it upon 13:20 GMT is should be NY or Chicago times to account for dst SHIFTS.
Actually my question was on the 02:20 EST. ie what exchange is that related to? Lodon????. My understanding is that only Open Outcry (ie Pit) trading in Europe is via the LME. ie not on FX etc, just metals.
But ICT says the hi/lo of the day usually gets formed between 2:30 and 3:30 EST, that's why I choose 2:20 EST (early LO after Frankfurt opens and before London comes online) to play with.
But the indi allows you to disable it
Like I said, I sometimes try concepts on different timeframes (like the CDR on weekly, monthly and yearly)