Deciphering ICT's Untold Secrets

jack

Administrator
Staff member
Chrisrocs said:
Instead it's more of a "Diamonds in the rough" scenario; Some great traders are willing to share some stuff to the truly aspiring newbie, but you have to be able to find it, and recognize it for what it is. Then the even harder part comes, you have to actually do it and learn it. :eek: :eek: :eek:!!!!!!
Yeah, outside of just being social and finding entertainment value, the 'diamond in the rough' approach is pretty common.

Unless we're talking about forexfactory.. that place is all rough nuggets. :p
 

Peterma

Well-Known Member
Jeronimo, I can remember those guys in their heyday.

Back to boring trading - so there was a sell signal of sorts on cable this morning, but no confirmation on the second indie so no trade - stupid hand sitting, most uncomfortable.
 

Attachments

Peterma

Well-Known Member
My final post on divergence, y’all be glad to hear.

My previous post I highlighted a failed sell signal that morning (Tuesday past) on cable.

Price was at 1.5139 at that point.

Many traders use oscillator divergence in their decision making, Mart Schwartz, mentioned elsewhere on this site, affirms in an interview, earlier this years, his past use of same (not macd) and the fact that the oscillator divergence is seen to lead price.

There is one other aspect seldom mentioned – when macd divergence fails.

I mentioned spectacles in that last post, I use those for driving, they help me see the road up ahead, I can better anticipate driving conditions.

The high on cable his morning is probably the high of the week at 1.5385 – some 240 pips higher than Tuesday’s post, so I saved this ‘secret’ for the end of the week.

The failed sell signal turned out to be an excellent buy - that's the 'secret' :).

Here is a random guy wearing those specs.

https://www.youtube.com/watch?v=PWdUT9_y3Ak
 
J

Jeronimo

Guest
Sooooo quiet dear sir.. ???
https://www.youtube.com/watch?v=tH2w6Oxx0kQ
 
J

Jeronimo

Guest
thank you for reply. but need support resistance now, no?

excuse my english dear sir
 

Peterma

Well-Known Member
OK - want to hear some retail shit talk, from a guy that trades from home, all by his lonesome?

I said earlier to think about the why of divergence. So think about Shopsters quote, think about the manipulators, spoofers, smarts whatever you want to call them- think of the us and them, doesn't matter retail vs inst, hf vs bank, seller vs buyer.

So why push price up? - to sell a bucket load at profit, the same bucket that got filled when they pushed it down.

In stocks most participants will look for breadth, research that and you come to a/d, research that and you may come to the McClelland Oscilator and guys like Thos Aspray and how they use it.

Research the linked retail shit talk and you will encounter Terry Lauder, research T-Theory and you will encounter a/d

So what's so fancy about a/d - well if the S&P is rising and is doing so on only a few stocks - possible to see with a/d divergence (the generals leading without any backup or the spoofers telling a lie) then would you buy into that rise?

So no a/d possible on fx? but there is momentum.

They all say not to stand in front on momentum, that it takes a lot to reverse it - true, a lot of orders in either quantity or size (failed divergence).

Just like a/d, if price is going up and momentum is going south, then manipulator at work, only one thing will run them over and it sure as hell won't be us.

Then again it could be all just shit talk, who gives a damn?

http://www.moneyshow.com/articles.asp?aid=TEbiwkly08-31818

https://www.youtube.com/watch?v=TAKMRFf0Mb0
 

Chrisrocs

Well-Known Member
:bored:

Simple works in forex and all other tradable markets, because they are all very simple.

All Markets will continue to go up, down and sideways until further notice.

Most traders complicate things incredibly, so they are not compatible with simple markets and will continue to fail.
- Shopster
Speaking of keeping things simple, let's study some Hurst!!! ;D
 
J

Jeronimo

Guest
but sir,

what is hurst? supply an resistance?

many thks

jeronimo
 

the golden gun

RINSE & REPEAT
Peterma said:
OK - want to hear some retail shit talk, from a guy that trades from home, all by his lonesome?

I said earlier to think about the why of divergence. So think about Shopsters quote, think about the manipulators, spoofers, smarts whatever you want to call them- think of the us and them, doesn't matter retail vs inst, hf vs bank, seller vs buyer.

So why push price up? - to sell a bucket load at profit, the same bucket that got filled when they pushed it down.

In stocks most participants will look for breadth, research that and you come to a/d, research that and you may come to the McClelland Oscilator and guys like Thos Aspray and how they use it.

Research the linked retail shit talk and you will encounter Terry Lauder, research T-Theory and you will encounter a/d

So what's so fancy about a/d - well if the S&P is rising and is doing so on only a few stocks - possible to see with a/d divergence (the generals leading without any backup or the spoofers telling a lie) then would you buy into that rise?

So no a/d possible on fx? but there is momentum.

They all say not to stand in front on momentum, that it takes a lot to reverse it - true, a lot of orders in either quantity or size (failed divergence).

Just like a/d, if price is going up and momentum is going south, then manipulator at work, only one thing will run them over and it sure as hell won't be us.

Then again it could be all just shit talk, who gives a damn?
in the time it took u to write out this shit, i could've bagged 2-3% during LO or NYO.

trade. compound. relax.

rest is just clown show act after clown show act.
 

Peterma

Well-Known Member
Wasn't for you GG, remember the 'powers that be' that you used to be on about?'

They just emptied their bucket load of cable:

http://education.forexlive.com/!/pound-on-the-back-foot-again-after-soft-inflation-data-20151013
 

Peterma

Well-Known Member
Btw, for anyone lurking and learning, even GG's cat was aware that inflation data for UK was not going to be on the positive side.

So check out hr1 cable, see the rise up to create a double top this morning - then think of the why (forget about the leak story, didn't need leaking).

Stop your mt4 at the up candle and then check out shopster and his macd - see the tell tale - they are pushing it right up to the last, the greedy little bankers, then empty their bucket in the blink of an eye.

Also if you back right to the failed signal earlier post and check price on it's merry way up with the macd on H1 - see the continuous signals, say Tues and Wed or Thur and Fri - they were setting today up - one thing that is set in stone is the day and hour of the data release.

GG, go on, ask your cat what it knew, and what it leaked.
 

Top