ICT Homework Thread July 20th - 25th

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http://TheInnerCircleTrader.com/Indicators/ICT_MT4_expert_Indi.zip

If that doesn't work. ICT has a few more MQ4 goodies, but the server is, like always, having problems. Apparently the "new" site should go live in the next week. Granted, ICT Timing. :)
 
Need a new thread. New series anyway.

http://www.youtube.com/watch?v=37VmK2h9ZgU&feature=youtu.be
 
Although Fridays are usually off trading days, fiber provided a nice entry short during Friday's NY opening session.

Trading off the 1.34 level into the August 1-5 order block and having 1.3420 as support, turned into resistance as entry point (79.0 retracement).So a confluence of a few things.

Rather small stops (27-30 pips) and would be 1.1 Rs by now.
 
jupiter_peak said:
Although Fridays are usually off trading days, fiber provided a nice entry short during Friday's NY opening session.

Trading off the 1.34 level into the August 1-5 order block and having 1.3420 as support, turned into resistance as entry point (79.0 retracement).So a confluence of a few things.

Rather small stops (27-30 pips) and would be 1.1 Rs by now.

In reference to the above post, I add the chart.

USDJPY also provided a nice entry LONG on daily. See the chart.
 

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Hi Guys,

GBP/USD yesterday (12/08/2014) provided a turtle soup entry during the London Killzone based on ICT's tweet this morning. Why did he trade this as a turtlesoup trade opposing the directional bias rather than drawing a fib from the newyork midnight high to the low during the London open session to enter in on an OTE in the direction of the trend (based on his teachings in Went 05, when the previous days low is broken prior to the london open then we use the OTE method mentioned above) ?

Please share your thoughts as to why my thought process was not valid. I have attached a diagram to show where the previous days low was broken (pink line) and the green line depicting the newyork midnight high.
 

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With all ICT work, it's always a question of: "What is the HTF setup to do?".

In this case, yes, it was a pretty clear Turtle Soup Buy/LO buy (even retraced during LO to the NYO-Day Open) as the actual pattern. However, as ICT posted on a further tweet, the level it got to at the end of the day was the one he was looking for. (Me as well)

The issue is that, just because we're in a Down Trend, doesn't mean every day is going to be a Down Pattern. Your mistake, most likely, is that you wanted to fit a Pattern to the day. Which works when you know what the current Trend & Range are, when taken into account the left side of the Chart.

There's also a timing issue. BoE Employment is in a few hours, plus some other news during NYO. Wednesday is when the big move was most likely to get started, but they can always start the run on Tuesday.

Also, pop over to the new Thread. :)


http://fxgears.com/forum/index.php/topic,401.0.html
 
sqa said:
Also, pop over to the new Thread. :)


http://fxgears.com/forum/index.php/topic,401.0.html

This thread locked, new thread here:

http://fxgears.com/forum/index.php/topic,401.0.html

:D
 
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