tmancini said:Please have a look at the weekly chart ...
We here in ICT camp don't try to catch bottoms...
tmancini said:Please have a look at the weekly chart ...
sqa said:The Pain Train still has a lot of steam. My assumption would be that the 2010 low will be taken by February. If not sooner. Draghi is going to talk it down there, if nothing else
jupiter_peak said: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.
sqa said: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 >_> )
sqa said: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.
the golden gun said:What's the largest account being traded in that chat room?
sqa said:http://fxgears.com/forum/chat/
Did Jack take down links to it?
Kuzia said:Its blending Everything together, Order Blocks, Support and Resistance, Range and so on... then its easy