ICT Advanced Price Action Trading Concepts

[sqa]

You know, there's a moment when you look at your Chart, with a significant amount of lines. You know what all of them mean, but if you look at the Chart another way, it looks like I attacked it with Skittles.

I like Skittles, but now I want some. ARGH! (Stores aren't open for a while here)

 

[sqa]

The one set of notes from today's Live Session I have. (It was a pretty dead day on ICT's pairs)

How to see a Seek & Destroy Day:

- Asian range very Orderly. (Very small range)
- Levels "clean" on one side
- No violation after move & collection away before LO/NYO

 

[SLT]

EURAUD could be turning bullish, bullish pattern completed yesterday...
actually kicking myself i missed this one now, during Asia,
now and then you have to bight your teeth, and wait for the next one!
Jumping into missed opportunities spells "LOSSES"

 

[SLT]

I am testing out JoinMe.com if anyone wants to come on board and chat.
If you have any questions or want to say something, just type in the chat button
I am experimenting with this, so be patient
i will be in and out of this area for a little bit...
cheers
Dan

]https://join.me/508-687-984]

 

[SLT]

This is what we didnt look at, also i am thinking price could extend lower
before closing the gap, could be wrong, its only a thought!
Need to see what takes place, also i am not forgetting what yields have been doing...

 

[SLT]

I have taken 2 pot luck trades on the weeks close, Short Fiber & Long USDJPY (tight stops)
I think USDJPY will go crazy up and down, on the new open, then sort its self out.
Fiber i am not sure of... i would like to see it break the Tuesday low before heading higher again to fill the weeks gap up... like i said pot luck trades

and still AUDJPY short 27 pips, what a slow two days!!!
there's some big booms comin i rekon...

 

[PipHanger]

Here is an e-mail I sent to ICT for clarification on S&R Levels. Maybe someone else could help with this...

One thing I have had a hard time understanding and still am confused about is Support & Resistance. I know with your last market analysis video I keep saying you had like 50 lines on each chart and you are saying to use these when price reaches them and use your tools and time of day to get into the trade.


To me it seems like there are so many false signals where price goes through levels, it might stop at a level or during one session (LO) price might go through two or more levels before stopping. I am more confused then ever on how to utilize this. I know you keep asking to study price, but I just am not getting it no matter how much I study it. Why is it so confusing?


Here is what I am talking about...This is an image of the gbpusd daily chart. I have marked out monthly and weekly swing highs and lows, plus order blocks. As you can see with the Blue X's we have price within OTE's at a S&R level, but they failed. If you look at the green checkmark's you can see we have a stop raid or OTE in no man's land but these are the ideal places to get in. I know it's because of experience, but somehow you can read through these and are getting in at these marks to run price back through a level. To me it doesn't seem like S&R helps out but makes it harder to understand the direction of price movement. If you entered at any checkmark you would be entering before a major resistance level?

 

[saeedzaman]

do you wait for patterns to form on the lower time frames when price reaches the orderblocks? cable seems to be offering setups left right center for me

 

[PipHanger]

This is what makes me want to... :hairpull: ...when people tell me you need to have patience and study more. See I have been studying none stop for 5 years now and still don't get it. I have also utilized patience in my trading, but if I was patiently waiting for those OTE's at the blue X's, you can see how long I would have waiting and then been waiting for bad trades.

I'm not seeing what we are suppose to be seeing...what am I missing.

I am really trying my best to beat the markets, and want to become successful, but just become more confused each day moving forward.

 

[saeedzaman]

dont take this wrong but after 5 years....maybe trading isnt for you?

 

[saeedzaman]

setup fiber offered this week...one of many....this is the short i took, if u go down into 15/5min timeframe where that orderblock was marked out, u couldve either waited to short it during london or for more confirmation we had a further break down in structure on 5min to take it during new york.

 

[saeedzaman]

...going into the 5min for more confirmation....zoom zoooom! now here we can see a break down in structure on fiber 5min not only that if we pull out fibs, we get a 79% retracement overlapping 62% from the highertime frame. no brainer short

 

[saeedzaman]

here on the cable h1 we can see a turtle soup, price couldnt get past that resistance. if we zoom into 5min, we can see a break of structure with that turtle soup in mind...see what unfolds...

 

[PipHanger]

dont take this wrong but after 5 years....maybe trading isnt for you?

Your probably correct on this, but I just feel like I have so much time invested in this that I can't quit...It's like a disease...

Thanks for the examples...I do have very limited time infront of the charts because of work, I am trying to use 1 hour and or 4 hour market structure breaks and 1 hour and or 4 hour OTE's...maybe that is my issue...

 

[PipHanger]

On your Fiber trade, you have an OTE, break in market structure all on the 5 minute chart, but you don't have price heading down until 1500 GMT. This is one of ICT's rules is to be out by 1500 GMT. It seems all of the rules and tools contradict each other...It's a matter of knowing which to use at which time.

 

[saeedzaman]

Your probably correct on this, but I just feel like I have so much time invested in this that I can't quit...It's like a disease...

Thanks for the examples...I do have very limited time infront of the charts because of work, I am trying to use 1 hour and or 4 hour market structure breaks and 1 hour and or 4 hour OTE's...maybe that is my issue...

have you been over the setups that unfolded this week and last week?

 

[saeedzaman]

On your Fiber trade, you have an OTE, break in market structure all on the 5 minute chart, but you don't have price heading down until 1500 GMT. This is one of ICT's rules is to be out by 1500 GMT. It seems all of the rules and tools contradict each other...It's a matter of knowing which to use at which time.

markets wont move exactly how you expect them to, when he says 15:00gmt or any other time frame...most of the time it does, or atleast you have a benchmark on where to look for targets. also the charts are out of synch by one hour because of daylight saving

 

[saeedzaman]

On your Fiber trade, you have an OTE, break in market structure all on the 5 minute chart, but you don't have price heading down until 1500 GMT. This is one of ICT's rules is to be out by 1500 GMT. It seems all of the rules and tools contradict each other...It's a matter of knowing which to use at which time.

on the fiber i entered around new york open time...you'll see price got to the bottom of the day's range about 16:00 gmt

 

[PipHanger]

have you been over the setups that unfolded this week and last week?

Yes I go over the weeks trading every single week during the weekend to see what I could have done or done differently. I was looking for short on fiber, but I thought it would have gone up farther and missed it.

 

[saeedzaman]

Yes I go over the weeks trading every single week during the weekend to see what I could have done or done differently. I was looking for short on fiber, but I thought it would have gone up farther and missed it.

ok....have u understood the trades ive posted so far and how they couldve been taken?