ICT Forexmas 2014 / Market Maker Series

FTMO Trader Scouting
I'll toss stuff here. Ad Hoc live session due to ICT having company he'd rather ignore. :D

Not a lot of notes, though. Kind of a bad crowd/not highly focused live session.

2015-01-15 Notes

InnerCircleTrader@All: notice how we "Look through" candles
InnerCircleTrader@All: to see Institutional Order Flow at major and intermediate term swing highs

The "Money" indicator ICT made would be nice.

Picture #1: Looking at Fiber.


InnerCircleTrader@All: write this down
InnerCircleTrader@All: Money moves markets from liquidity pool to liquidity pool... stops are the easiest location for entry and exit on all trades
InnerCircleTrader@All: locate the stops
InnerCircleTrader@All: you found your grail



InnerCircleTrader@All: for a real easy and crash course on stop runs
InnerCircleTrader@All: look at all the swings on any chart
InnerCircleTrader@All: look just a bit to the left of their formation
InnerCircleTrader@All: you will see its ran a high before dropping
InnerCircleTrader@All: ran a low before rallying

Picture #2: the Stop raid questioned on the 12th.

InnerCircleTrader@All: when it is violated after a raid
InnerCircleTrader@All: its signals a shift in sentiment
InnerCircleTrader@All: think about what I just told you
InnerCircleTrader@All: raids must be respected
InnerCircleTrader@All: raids must be respected
InnerCircleTrader@All: not returned to
InnerCircleTrader@All: if they are and overtaken
InnerCircleTrader@All: its a market structure shift
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Did anyone grab the Skype account of the fellow who is starting an ICT group. I'd be in to participating, but am not sure who's running it.
 
Golden Bull said:
Nice, thank you. Whats the diff between an orderblock and a mitigation block? Sorry for the noob question :p
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all questions are answered in michael's expansive video series on the subject.
 
the golden gun said:
all questions are answered in michael's expansive video series on the subject.
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But c'mon... we're family :p They never told you about the 2nd uncle from your great grandfather side whom you never met? See? We even share the same surname!
 
Golden Bull said:
Nice, thank you. Whats the diff between an orderblock and a mitigation block? Sorry for the noob question :p
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A mitigation block is when a bullish order block (reverse for bearish) has been broken down through (failed) and price retraces back up to it, so those who were long look to get short and mitigate their losses. It's vaguely similar to support becoming resistance and resistance becoming support, but understanding that its based on Institutional Order Flow. There are other aspects that I think ICT will teach in upcoming videos, such as the breaker concept.

ICT teaches the difference between OB's and supply and demand zones, which is an important thing, as it's the difference between understanding that there can be precision attained by understanding Institutional buy / sell programs which really move the markets, versus the concept of Supply and Demand zones, which implies a market place (that does not exist) that is free of manipulation. Having said that, I was familiar with S/D when learning the ICT order blocks and I think it made learning the OB's easier to grasp.
 
Hogarste said:
A mitigation block is when a bullish order block (reverse for bearish) has been broken down through (failed) and price retraces back up to it, so those who were long look to get short and mitigate their losses. It's vaguely similar to support becoming resistance and resistance becoming support, but understanding that its based on Institutional Order Flow. There are other aspects that I think ICT will teach in upcoming videos, such as the breaker concept.

ICT teaches the difference between OB's and supply and demand zones, which is an important thing, as it's the difference between understanding that there can be precision attained by understanding Institutional buy / sell programs which really move the markets, versus the concept of Supply and Demand zones, which implies a market place (that does not exist) that is free of manipulation. Having said that, I was familiar with S/D when learning the ICT order blocks and I think it made learning the OB's easier to grasp.
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Ahh okie thx,yea i'm familiar with s/d's too, good concept. I know this concept.. Just not under this name. Basically its the reason for h&s's,and stuff like this:
 

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Slightly OT:

Testing out Oanda MT4 and the timezone seems to be GMT+2. Asian range is all wonky, what parameters do you set?

Can't do 17-3 which is what it shows on their charts.. wtf.
 
outthislife said:
Slightly OT:

Testing out Oanda MT4 and the timezone seems to be GMT+2. Asian range is all wonky, what parameters do you set?

Can't do 17-3 which is what it shows on their charts.. wtf.
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mine is GMT+2 too
try negative values? although i draw my asian range as 02:00-08:00 broker time (manually). that's just me though, i'm not a reference material lol
 
outthislife said:
Slightly OT:

Testing out Oanda MT4 and the timezone seems to be GMT+2. Asian range is all wonky, what parameters do you set?

Can't do 17-3 which is what it shows on their charts.. wtf.
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Brokers GMT time
Alpari. uk: GMT +2
CFGTrader: GMT +2
CoesFX: GMT +3
Fibo Group: GMT +2
Forex LTD: GMT +2
FXCM GMT -4
FXDD: GMT +3
IBFX: GMT
Marketiva GMT
MetaQuotes: GMT +2
MoneyTec: GMT +3
Netdania Charts GMT -8
North Finance: GMT +2
Oanda GMT -5
Orion: GMT +4
Real Trade: GMT +2
ATC brokers.com -4
FXpro +3

From memory Oanda runs on NY time, ie currently EST
You will have to later modify the GMT setting when NY switches to dst.

Below are the Sessions, the beige box being the Asian Range. The table displays the corresponding time in several Timzones & Sessions, together with the GMT offset. Use NY for Oanda, hence the AR will be 19:00 to 00:00 (or more correctly 23:59

6yfr46.png
 
rod178 said:
From memory Oanda runs on NY time, ie currently EST
You will have to later modify the GMT setting when NY switches to dst.

Below are the Sessions, the beige box being the Asian Range. The table displays the corresponding time in several Timzones & Sessions, together with the GMT offset. Use NY for Oanda, hence the AR will be 19:00 to 00:00 (or more correctly 23:59
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Much appreciated, thank you!
 
I think that FXCM is GMT -2 now. I got an email a while ago saying they were going to do so in order to have 5 daily bars instead of 6.
 
Computater707 said:
I think that FXCM is GMT -2 now. I got an email a while ago saying they were going to do so in order to have 5 daily bars instead of 6.
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Yes, the list is somewhat old, so probably requires updating
 
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