ICT Actual Case Study

[jupiter_peak]

COuld be a good idea to sell GU around current levels for a scalp before FOMC.

Am out for a 2:1 gain.

 

[AnDDe]

2:1 gain ? :O how to determine when to use a 15 pip stoploss ? I've got a 30 pip SL and am only aim to just scrape 25 pips TP.

 

[jupiter_peak]

2:1 gain ? :O how to determine when to use a 15 pip stoploss ? I've got a 30 pip SL and am only aim to just scrape 25 pips TP.

Just look at the swing high + 15min OB + resistance. Place stops above technical level. Market wont respect your 15 or 30 pip SL. It will however, under statistical probabilities, respect a swing high or swing low.

 

[jupiter_peak]

Similar setup on GU now, only bullish this time around.

 

[sqa]

2:1 gain ? :O how to determine when to use a 15 pip stoploss ? I've got a 30 pip SL and am only aim to just scrape 25 pips TP.

Practice. Lots of practice. And making sure it's done in Demo. You start getting the proper idea when to use tight SLs and when not to.

 

[sqa]

Similar setup on GU now, only bullish this time around.

It's refreshing to know I'm not the only one camping that long. (My Cable trading still lacks a lot)

 

[jupiter_peak]

It's refreshing to know I'm not the only one camping that long. (My Cable trading still lacks a lot)

Banks are playing both sides of the CDBR/Asia highs and lows stops with measured moves/order blocks supporting these ideas. Clever tactics on their part I would say. ;-)

I honestly expected such moves as we have FOMC later on.

 

[ovidiux]

Similar setup on GU now, only bullish this time around.

+1
for the short i saw the range, but what about the long? .6150 is good for TP, or lower? Or higher because it's the search and destroy environment

ps: great thread!

 

[jupiter_peak]

+1
for the short i saw the range, but what about the long? .6150 is good for TP, or lower? Or higher because it's the search and destroy environment

ps: great thread!

Instead of answering the question right out, let me ask you: If 70% of trading is done inside ranges, what would be your first target?

What would be your second target?

 

[ovidiux]

Instead of answering the question right out, let me ask you: If 70% of trading is done inside ranges, what would be your first target?

What would be your second target?

The first would be in the 62-79fib zone (6140 in this case), the second 100% @6150 ???

 

[jupiter_peak]

The first would be in the 62-79fib zone (6140 in this case), the second 100% @6150 ???

I agree with your first target. Not quite with the second. If markets are fractal, ranges within ranges, what would you consider as a second target?

 

[ovidiux]

I agree with your first target. Not quite with the second. If markets are fractal, ranges within ranges, what would you consider as a second target?

aaaa, so the second target would be at a higher orderblock on the larger rage? like 6160 + 127 fib ext. ;D

 

[jupiter_peak]

aaaa, so the second target would be at a higher orderblock on the larger rage? like 6160 + 127 fib ext. ;D

127.0, 160.0...

;-)

 

[jupiter_peak]

Riding the long soultrain on GBPUSD. Took some already. Let the rest ride.

 

[jupiter_peak]

I have noticed a particular recent "cycle"on GBPUSD.

LO opens above CDBR, inside some kind of short (OB, RES, RET.) and rides lower for a 'small' Judas Swing. Than, NYO, does the opposite: finds some sort of bullish environment and a second Judas Swing rides north.

Interesting to say the least.

 

[Kuzia]

Like Michael said... 85.20/10

 

[jupiter_peak]

It looks like we have a H&S formation in place on the EURUSD 4H/Daily. Continuation of the down trend seems very likely.

 

[jupiter_peak]

Today price reached a level discussed some 3 weeks ago on a video of mine. EURUSD Will share it again soon

 

[jupiter_peak]

Anyone up for a potential AUDUSD long during NYO? Might want to reduce risk as there is news. However, seems tempting.

 

[jupiter_peak]

Took a nice short on Cable along with one of my coachees/thread follower just a few minutes ago.

What a nice live experience.