ICT Homework Thread July 20th - 25th

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the golden gun said:
I'm looking for a retrace to OTE on the daily chart ~6840 before taking out 7200.

Will be interesting to see how it gets there. There is a nearby stop zone and a lower liquidity pool that could be deepened by a feeding bounce from the stops. Then it will have to take it out and head lower through some support levels to reach that OTE.

Could be done too. Notice that, on this server time anyway, we have just had 8 down days in a row. In the entire rally since 9 July 2013 we have not seen another run of 8 consecutive down or up days. This suggests at least a temporary sentiment shift, which is not surprising after such a long run.
 

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rod178 said:
My recollections is that ICT uses (mostly for educational purposes, as easier to interpret than MS) the 9/18 EMA as a trend filter, not as a level of KSR.

That's my understanding too. I have no idea what he taught years ago but I would be very surprised if it was anything different. As you know Rod, dual MAs have been used since the ark as trend indicators. I've been using them since about then... :))
 
In some of ICT's early teaching, he did use 18/40 EMA, on D1 & Above Charts, to help with directional bias. Though he mentioned 9/18 in a rabbit trail in that video. He also specifically talked about the 18/40 being used by Bank Traders, which also wouldn't surprise me. Especially having running across so much talk about 200 Day MAs for "technical" analysis.

As for the 9/18 EMA, since the Sniper Series, it's a trend filter only when they're expanding in 1 direction. Otherwise your bias is flat. That teaching is mostly as his "Inside the Range" teaching is one he's definitely still working on. By which I mean it's really powerful, but he's yet to find a good way to explain it easily, even after several attempts.

As for Cable, I think that high at near 1.7200 is baked in for a bit (though I'm really curious what the COT Data says on Tuesday), but I don't think we're done within the range below it. UK Data is still pretty strong & US Data is weak to bad. It's not like the Fiber which seems to be in a down trend for a while.
 
I see ICT's next video is baking and will be ready soon.

This is his latest process summary hot off twitter.

L4WnlL5.jpg
 
always something to be learned in those 3 hour long videos. I just hope there's at least one good rant somewhere in there lol

man... FOMC on wednesday and NFP on friday. And just for good measure, month-end on Thursday. There will be a 100 pip+ move no doubt, hope we all catch it :)
 
the golden gun said:
I just hope there's at least one good rant somewhere in there lol

Yeah, what are the odds? ;)

It's a "bring ya lunch" event.

Yes, it's a big week for US data. I guess employment will generate some excitement again.
 
I've sat through 5 hour live sessions with ICT. Scout Sniper came in at 2.5 hours. When he says it's going to be long, you might need to pack lunch, dinner & a sleeping bag.

This is going to take a LONG while to produce notes on.
 
Hi folks, a pleasure to be here.

I went through the Sniper vids & Trader dev. AND most I could grab via IDM from youtube and played them with VLC media player at 2x to 2.5x speed...Michael sounded like tweety bird but at least I could get through them all in no time at all. Looking forward to getting involved in the discussions and sharing ideas.

Peace.
 
Thanks Kuzia. It did take a while to bake ... :)

Spare a thought for the poor server this file is on. It will be warmish I'd say.
 
Note that the "ICT Trade Process" is now utilizing ema 18/40 instead of 9/18 for directional bias, not that it will make make difference, except in the more volatile markets.
 
rod178 said:
Note that the "ICT Trade Process" is now utilizing ema 18/40 instead of 9/18 for directional bias, not that it will make make difference, except in the more volatile markets.

He's actually used 18/40 for a long while (circa 2011 teaching), he's just not taught with that in any of the new series. Though it's still just a filter.
 
Maybe it was never recorded anywhere, but at one point, ICT mentioned banks buying/selling at the EMAs based on computer algorithms (robot trading).

You can verify that with him if you like, but it's what I was basing the idea of EMAs acting as support/resistance on.
 
https://join.me/283-877-092

ICT up to something this morning, if you see this.

Edit: ICT says he's recording this.
 
significant price action developing. it is subtle, but cable breaks its bearish market structure, while its sister pair fiber is suppressed.

too early to carve out a setup based on this, but this is the type of thing that draws my attention to a pair.
 

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