ICT Homework Thread July 13th - 18th

Rewatched some of the old ICT videos regarding a.o. USDx divergence. Currently we have USDx and cable diverging. EURUSD also didn't form a lower low so diverging with fiber as well.

Combined with cable news out tomorrow (CPI) I believe it wants to reach for the 1.7020 area. Will be looking for long in that area.

 

How did you get USDx on Oanda Tarri?!

 

Just a guess...

8)

 

I guess the cable will form the grey square in the 1.7040-50 area for a MM Buy model

 

If 1.7030 Holds on the news, I'd be looking for all we've seen is a retrace, and we're at the bottom of a Buy Model. Commercials haven't tipped a hand to a State change yet (per my ability to read COT Data), so buying a Retrace into a Key level strikes one as a high probability trade.

Doesn't mean it'll work, though.

 

This is what I have for GU, the setup is already in action since yesterday.
The 1.7090 level will act as a resistance level, the others are take profit levels.

The OTE zone will also be of interest to me.

 

omg, such a bad guess. it didnt even pull back to AR high!!

 

the market was mean, I just miss my trade of the week :'(

 

I still think we just made the high of the week and will go down from now on.
I thought the 1.7090 would act as resistance, but apparently they cleaned the stops of yesterdays high, the ones who were correct on the move, but are now gone.

 

GBP/USD, 4hour OTE where it also bounced off a role reversal level (pink line). Stopped exactly on the Sweet Spot before reversing. Crazy..

 

that was supposed to be a retrace going into NY session, but cable decided to git'er all done in one shot. go pound.

 

Technically it is not on Oanda. found a post that you could add a server in MT4 which is FOREX.com. opened a demo account there so now operating forex.com under Oanda MT4.

 

http://theinnercircletrader.com/Videos/WENT_02.mp4

WENT Module #2

 

Let's see if the Spreadsheet attaches. ICT has used this basic one for years. Not sure if the attachment will work, though.

 

Full technical 3-day workup (Buy bias). Also showed in green the reason that I believe price didn't end up retracing to CDR high.

 

no words needed

 

there's just something about the CDR that's been blowing my mind week after week. such an excellent intraday framework.

 

Well look at the end game here. The fact that they pushed priced higher, rather than retrace after tuesday's news rally suggests they were motivated to trip Buy stops above that high, which is where today's sell-off/capitulation originated from.

You have to be wise/patient enough to connect the dots, even with a few days of "noise" in between.

 

CDR levels on Cable are insanely effective for great entries, if you've got the right eye for the direction.