Ninja said:
Hello everyone:
New here and just came across ICT's materials and videos a couple of weeks back. Needlessly to say, am blown away by the wealth of information Michael has put out.
I have watched several of his videos and understood most concepts like Kill zones, turtle soup, OTE etc.
However there are 2 terms which I have heard him speak about, but not found a video to explain them:
1. Trinity
2. Reflection pattern.
Can someone please let me know which video does he go over these concepts? Or if possible post a short write up on these here?
Thank you,
Uhhh Trinity wise, she was the love interest in the matrix for Neo.
As far as I remember, the Trinity was used two ways;
1. Monthly for the month its an overlay on the chart... I believe it's basically a fib from last month drawn on to the forward month?(citation needed) but for use wise it was to determine an over bought or sold behavior. The top area is overbought, the middle 3 lines are "dead mans land", and the area below that is oversold.
Frankly I don't think its reliable because price does whatever and a moving average would of shown your the same thing except for dead mans.
2. Same thing but used on a daily scale.
Again I feel its unreliable.
Reflection is something I don't really trade so I don't remember much but from what I remember it was when price goes 1 way and then complete reverts the other way (see today's NFP USD/CAD June 5th, 2015 as a good example of)
I don't trade it.
Just because I don't trade it doesn't mean you don't have to.