ICT Actual Case Study

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rod178 said:
OK, thanks for the response. A 30pip stop will cover the size of the OB, up to H4, so I'm supposing that for larger OBs you drop down to a lower TF and look for technical levels or narrower OBs.

Do you look at OBs from H1 to MN1? Do you use OTE entries (or even low TF OBs, say M15) when dropping to a lower TF. ie nested as in the same manner as ICT.
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Depending on the nature of the Order Block, you can take down really tight stops. Or let it bounce and get in right after. There's benefits to being at the chart for that type of stuff.
 
You know what drives me crazy?

Pseuso analysts for the last 2-3 months, flooding my mailbox, plus FF and other media "prophetizing" the USD reversal.

They have been saying things like: warning the USD might reverse, Now we have clear indication that the USD will turn around, This and that! Drives me crazy!

And these pseudo analysts have highly paid jobs to tell us this garbbage.

I mean, anyone can be a GREAT fortune teller saying that the dollar will drop for the last 3 months!!! Eventually it will drop and they will say: "SEE, I TOLD YA!!"
 
If someone is "selling" trading analysis, they're not trading it themselves. Which is where they'd make a lot more money. ;)
 
sqa said:
If someone is "selling" trading analysis, they're not trading it themselves. Which is where they'd make a lot more money. ;)
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I want a high pay job just to lie to everyone that I am a spectular analyst and that I can predict the future!

LOL.
 
jupiter_peak said:
I want a high pay job just to lie to everyone that I am a spectular analyst and that I can predict the future!

LOL.
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There's a lot of money to be made... when you can actually do that. But it's normally in other fields than finance.
 
And people fall far it. That is the worst part. I will tell you that sometime this year, there will be an airplane accident somewhere in the world.

Eventually, it will happen. Hope everyone here will tap my shoulders and tell me how great of a magician I am!
 
Re: USDJPY

jupiter_peak said:
Today the Yen reached a significant level. Now intraday session revealing a buy setup for a nested OTE entry.
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I see I wasn't the only one watching that. Missed 2 sucessive entries by 1-2 pips. It's been one of those mornings. (I have a fascinating ability to have the Bid Line go through, but the Ask not trip on Buys)
 
Re: USDJPY

sqa said:
I see I wasn't the only one watching that. Missed 2 sucessive entries by 1-2 pips. It's been one of those mornings. (I have a fascinating ability to have the Bid Line go through, but the Ask not trip on Buys)
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I got filled precisely @ 107.20. Buying the bottom of London morning session.
 
Was a little slow this morning, so I missed at 107.14, by a pip, then 107.25 on the trace back down (I was really only looking for the Gap close as my first Order off the potential reversal). Did just get in a little bit ago on the run back.

Though the Range between 107.50 & 108.20 is such an utter mess, I don't expect it to just move through there quickly, so this also could setup multiple entries. And a possible reverse in that range. Yen has been a mess for all of October.
 
sqa said:
Was a little slow this morning, so I missed at 107.14, by a pip, then 107.25 on the trace back down (I was really only looking for the Gap close as my first Order off the potential reversal). Did just get in a little bit ago on the run back.

Though the Range between 107.50 & 108.20 is such an utter mess, I don't expect it to just move through there quickly, so this also could setup multiple entries. And a possible reverse in that range. Yen has been a mess for all of October.
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If everything run as expected, I will let it run freely towards the 108.40ish level. I believe the stops above the 108.20 level are suspect. Too clean for my taste. However, right above them, lies a 1h order block @108.40ish.
 
I can see a lot of reasons to get to 108.50, however, the main issue is that Wednesday to Friday Price Action. Yen just hasn't done that massive S&D action like that, that wildly, in a long while. There is a massive amount of orders there, now. Which is why I don't think we're getting up to 108.50 smoothly. Next major reaction level is the Order Block stack around 109.20.
 
It's never easy.... ;-)

Today is a low volume day. Holidays in US and Canada. So not your typical trading day. Lets just hope we have seen the bottom of the week established today.
 
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