ICT Actual Case Study
- Thread starter jupiter_peak
- Start date
jupiter_peak
Well-Known Member
While we most certainly are inside a weekly bull OB on fiber, USDx is currently challenging the 2009 highs. That cleared out, a nice bear OB lies above. Most likely, this OB was responsible for the 2009-2010 reversals.
Therefore, I will remain sell shorting the EU until something signals otherwise. 3 trades in 2 weeks time for more than 340 pips worth of profits tells me south is a good direction until otherwise noticed.
Therefore, I will remain sell shorting the EU until something signals otherwise. 3 trades in 2 weeks time for more than 340 pips worth of profits tells me south is a good direction until otherwise noticed.
jupiter_peak
Well-Known Member
sqa said:
As I have mentioned past on my blog and quite a few times here indeed as well, EURUSD is poised below parity. If not in 2015, 2016.
The current "currency war" is favoring USD bullishness and the Euro model has no escape but to devalue the EURO strongly and as fast as they can.
Whenever next year, FED raises the basic interest rates, we shall see another wave of USD bullishness.
This will most certainly, not favor the US economy in the mid term run.
It actually would help the US Economy, as it would constrain over-expansion of Credit.
Truthfully, the Fed rate being below 2% does more harm than good for the economy. Bad Debt doesn't get cleared very quickly when it's dirt cheap. Plus, well, too much M&A activity. Huge, huge asset bubbles.
And that's just the "kind of bad" parts.
Still, Big pop on USDX on that news print.
Edit: Grammar! I'm a native English speaker, sometimes!
Truthfully, the Fed rate being below 2% does more harm than good for the economy. Bad Debt doesn't get cleared very quickly when it's dirt cheap. Plus, well, too much M&A activity. Huge, huge asset bubbles.
And that's just the "kind of bad" parts.
Still, Big pop on USDX on that news print.
Edit: Grammar! I'm a native English speaker, sometimes!
I've been watching a few of the weekly ICT videos on Twitter; this one is from the video dated 29th Nov 2014 (112914.mpeg) and I have a question regarding a line Michael draws 5:46 mins into it. Would appreciate it if you could take a quick look and let me know why he's drawn a line at the bottom of the order block when just prior to it he had drawn lines from the top of two similar order blocks .... Did I miss something??
Attachments
Mitigation Block.
Simply: Order Blocks are the area that they'll drive price down to, so that they can add more orders, before taking off.
Mitigation Blocks are Order Blocks that aren't held. Something changed, so they return to them to unwind Orders.
ICT students were already trading off Mitigation Blocks (i.e. KSRs), but none of us bothered to put together the fact that Order Blocks would work both ways. Funny that. Even if we were taking profitable trades on AR/DR level retests. (Which are all mitigation block trades >_> )
Simply: Order Blocks are the area that they'll drive price down to, so that they can add more orders, before taking off.
Mitigation Blocks are Order Blocks that aren't held. Something changed, so they return to them to unwind Orders.
ICT students were already trading off Mitigation Blocks (i.e. KSRs), but none of us bothered to put together the fact that Order Blocks would work both ways. Funny that. Even if we were taking profitable trades on AR/DR level retests. (Which are all mitigation block trades >_> )
Attachments
the golden gun
RINSE & REPEAT
sqa said:
also, he's talked about "dealing ranges" for awhile now. has a lot of overlap with order block concept. but it's all coming together quite nicely now, by whatever names the concepts go by, lol
Much of the assembled students light up those DR/AR trades. Join us in Chat if you want to see people taking them daily. ;D
We're basically moving from taking trades on bigger stops to much, much more accurate entries, which bring lower SL. Thus high profit margins.
I also realized why ICT's 5k to 1mil account was 3.5% risk. He can put in OTE entries, at full value, while leaving plenty of SL room for a Judas. It requires a good chunk less work.
We're basically moving from taking trades on bigger stops to much, much more accurate entries, which bring lower SL. Thus high profit margins.
I also realized why ICT's 5k to 1mil account was 3.5% risk. He can put in OTE entries, at full value, while leaving plenty of SL room for a Judas. It requires a good chunk less work.
the golden gun
RINSE & REPEAT
sqa said:
What's the largest account being traded in that chat room?
