ICT Homework Thread July 20th - 25th

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the golden gun

RINSE & REPEAT
AusDoc said:
Like that you mean? You'd be pretty happy with that if it now heads north. :)
I'm already happy with it lol
Remember I was getting a real Bearish vibe from the 4H & Daily...

There was another great OTE selling opportunity, well that is unless you are scared of the News hahaha
 

the golden gun

RINSE & REPEAT
AusDoc said:
Circumspect I think, rather than scared. That saying about old and bold comes to mind. :)
I think it's a lot safer to be bold with your entries than to be bold with your risk. Having sensible risk outlays give me the opportunity to be bold with my entries, with stops tighter than the 'average bear :)
 

AusDoc

Well-Known Member
the golden gun said:
I think it's a lot safer to be bold with your entries than to be bold with your risk. Having sensible risk outlays give me the opportunity to be bold with my entries, with stops tighter than the 'average bear :)
Absolutely agree. :)

That saying BTW, for anyone wondering, goes like this:

There are old traders
and there are bold traders
but there are no old, bold traders. ;)

Of course, sometimes it is just smart to sit on the sideline, preserving financial and psychological capital. There is no need for greed and excitement and thrills are bets best found elsewhere.
 

the golden gun

RINSE & REPEAT
AusDoc said:
Of course, sometimes it is just smart to sit on the sideline, preserving financial and psychological capital.
That goes without saying, it just happens to be that today was not one of those times.
 

rod178

Well-Known Member
Kuzia said:
OK Cable in the Order Block, whats ur thinking? Bottom of the range + OB = strong buy?
Cable = nfi
more suspect that it is just winding for another leg down., although not willing to trade it at the moment

say down to at least 16770
 

the golden gun

RINSE & REPEAT
Didn't like how price danced around my key level, no NFP trade for this guy. They went for the 79% retrace. I suspected that was their motive when I noticed that they were selling the OTE 6840 level.

After a LO win, it takes something special to get me interested in taking on another trade for the day. Not to worry though, I'm already framing some potential setups for next week :)
 

rod178

Well-Known Member
Been a good night for some quick scalps
Closed Fiber short b4 NFC for 8pips
then, after dust settled took a quick 30pips on Fiber long

Cable looks dead in water
 

jinirav75

Well-Known Member
Kuzia said:
My 2 Cents on the future of Cable
Adding to this

1. US 10 year Futures contract is traded at a higher price than next month out means more buyers in the market = bullish USD
2. Bearish Divergence in UK, German and US 10 year yield - lower yield = bearish foreign currency
3. Bullish divergence in US 10, 5 and 2 year bonds prices. Please see the attachment and hope my understanding is correct. Expert's comments welcome.
 

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foreigner

Est. 12480 Hours and Counting
jinirav75 said:
Adding to this

1. US 10 year Futures contract is traded at a higher price than next month out means more buyers in the market = bullish USD
2. Bearish Divergence in UK, German and US 10 year yield - lower yield = bearish foreign currency
3. Bullish divergence in US 10, 5 and 2 year bonds prices. Please see the attachment and hope my understanding is correct. Expert's comments welcome.
Im not familiar with the next month out analysis but I see bullish divergence in yields and bonds on the ropes. With what ICT said recently about a crash I would guess the dollars going to hell in a hand basket and FX will test all time highs. Thats not to say we cant see lower prices short term, its just a hunch..
 
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