ICT Homework Thread June 22nd-July 4th
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Re: ICT Homework Thread June 22nd-27th
AUDUSD - do you consider this a break of MS?
It runs up into resistance (previous support) and makes a low followed by a second lower low. Wondering if this qualifies. Took the short from .9367 which is 61.8 retrace from previous high on 15m TF.
Edit: it is 15 mins before USD news release i.e. maybe not the best time but let's see
AUDUSD - do you consider this a break of MS?
It runs up into resistance (previous support) and makes a low followed by a second lower low. Wondering if this qualifies. Took the short from .9367 which is 61.8 retrace from previous high on 15m TF.
Edit: it is 15 mins before USD news release i.e. maybe not the best time but let's see
Attachments
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audusdm15.png
Re: ICT Homework Thread June 22nd-27th
Couldn't find much on USDCAD tweet from Michael around 1.0750
Couple of things I do think I see here:
1) USDCAD hovering above support 1.07 area
2) There's a daily buy order block we are entering (in blue)
3) Could do a reflection pattern to pick the bottom (brown smaller box)
4) It is at the 79% line from 1.0566 to highs
Couldn't find much on USDCAD tweet from Michael around 1.0750
Couple of things I do think I see here:
1) USDCAD hovering above support 1.07 area
2) There's a daily buy order block we are entering (in blue)
3) Could do a reflection pattern to pick the bottom (brown smaller box)
4) It is at the 79% line from 1.0566 to highs
Attachments
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usdcadh4.png
Re: ICT Homework Thread June 22nd-27th
Brings me to the topic I don't completely understand. It looks like USDCAD breaks market structure after that bounce meaning we could be in for a reversal.
But as my AUDUSD post from this morning shows, this MS is somewhat elusive still for me.
Brings me to the topic I don't completely understand. It looks like USDCAD breaks market structure after that bounce meaning we could be in for a reversal.
But as my AUDUSD post from this morning shows, this MS is somewhat elusive still for me.
Re: ICT Homework Thread June 22nd-27th
I'm not so good at following steep trends (or at english
)
I allways wait for price to retrace deeper. Looking at your picture with the AUDUSD, I would've traded short only up near previous day's high, at 0.9400 or 0.9420, not at the bottom of the range.. if you watch the 1H chart (0.9444-0.9320).
The price would've likely stopped going down beyond the june 18th consolidation.
For market structure, I watch for the bigger swings to be broken, the ones I see easily without the fractal indicator (1H chart maybe), and then I watch on the left side to see if price has room to move or could pause or reverse in some kind of consolidation or key s/r level
The difference between market structure broken and fakeouts, I still find it difficult to see..
I'm not so good at following steep trends (or at english
)I allways wait for price to retrace deeper. Looking at your picture with the AUDUSD, I would've traded short only up near previous day's high, at 0.9400 or 0.9420, not at the bottom of the range.. if you watch the 1H chart (0.9444-0.9320).
The price would've likely stopped going down beyond the june 18th consolidation.
For market structure, I watch for the bigger swings to be broken, the ones I see easily without the fractal indicator (1H chart maybe), and then I watch on the left side to see if price has room to move or could pause or reverse in some kind of consolidation or key s/r level
The difference between market structure broken and fakeouts, I still find it difficult to see..
Re: ICT Homework Thread June 22nd-27th
I'll run together everything a bit later, but this is "this weeks" work. Though this is mostly just in case I don't delete it like I tried to last week...
ICT Homework - Week 4
#2:
Monday: 2:00 EDT/6:00 GMT
Tuesday: 3:30 EDT/7:30 GMT
#3:
Wednesday: 3:00 EDT/7:00 GMT & 4:15/8:15 (Identical on my feed)
Thursday: 3:15 EDT/7:15 GMT
#4:
Low: Wednesday, 3:00 EDT/7:00 GMT & 4:15/8:15
#5:
High: Thursday, 23:45 EDT / 3:45 GMT
#6:
Monday, Tuesday
#7:
wednesday, Thursday
#8:
Monday: 8:30 EDT
Tuesday: 12:15 EDT
#9:
Wednesday: 8:45 EDT
Thursday: 8:45 EDT or 23:45 EDT (something weird that Asian Session)
#10:
See Picture.
#13:
100 Pips on the week.
#14:
Monday: 46%
Tuesday: 66%
Wednesday: 52%
Thursday: 82%
Friday: 39%
I'll run together everything a bit later, but this is "this weeks" work. Though this is mostly just in case I don't delete it like I tried to last week...
ICT Homework - Week 4
#2:
Monday: 2:00 EDT/6:00 GMT
Tuesday: 3:30 EDT/7:30 GMT
#3:
Wednesday: 3:00 EDT/7:00 GMT & 4:15/8:15 (Identical on my feed)
Thursday: 3:15 EDT/7:15 GMT
#4:
Low: Wednesday, 3:00 EDT/7:00 GMT & 4:15/8:15
#5:
High: Thursday, 23:45 EDT / 3:45 GMT
#6:
Monday, Tuesday
#7:
wednesday, Thursday
#8:
Monday: 8:30 EDT
Tuesday: 12:15 EDT
#9:
Wednesday: 8:45 EDT
Thursday: 8:45 EDT or 23:45 EDT (something weird that Asian Session)
#10:
See Picture.
#13:
100 Pips on the week.
#14:
Monday: 46%
Tuesday: 66%
Wednesday: 52%
Thursday: 82%
Friday: 39%
Attachments
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week 4 chart.png
Re: ICT Homework Thread June 22nd-27th
Here's my data.
Since none would be able to read my handwriting I re-did the thing digitally.
Please allow for a nice margin of error, as I was fighting a mean flu these past few weeks.
I don't see, at this point, if I learned anything drastically new from this exercise.. but it did proof many of the things ICT has taught us these past few years about killzones and Tuesday-Thursday having the biggest likelihood for nice moves..
edit:
I can't seem to get my attachments posted... how do you guys do that?
edit2: agh now I got it
Here's my data.
Since none would be able to read my handwriting I re-did the thing digitally.
Please allow for a nice margin of error, as I was fighting a mean flu these past few weeks.
I don't see, at this point, if I learned anything drastically new from this exercise.. but it did proof many of the things ICT has taught us these past few years about killzones and Tuesday-Thursday having the biggest likelihood for nice moves..
edit:
I can't seem to get my attachments posted... how do you guys do that?
edit2: agh now I got it
Re: ICT Homework Thread June 22nd-27th
thanks Hopiplaka but i was wondering usd index in support and this swing will weaken in 162 %
so i was targeting 50 level for sell, also CDR 3 STD were there..... i was expecting to go lower but its growing higher ! you know why its happening ?
thanks Hopiplaka but i was wondering usd index in support and this swing will weaken in 162 %
so i was targeting 50 level for sell, also CDR 3 STD were there..... i was expecting to go lower but its growing higher ! you know why its happening ?
Re: ICT Homework Thread June 22nd-27th
Unfortunately I cannot answer that one
My goal is to go with the flow, so I'm not trying to pick tops/bottoms anymore. I've burned myself way too much in the past doing that
So I just go with the 9/18 ema in most cases. This was a nice example, Wednesday low, order block, ote area, ...
Hi Sakib717,sakib717 said:
Unfortunately I cannot answer that one
My goal is to go with the flow, so I'm not trying to pick tops/bottoms anymore. I've burned myself way too much in the past doing that
So I just go with the 9/18 ema in most cases. This was a nice example, Wednesday low, order block, ote area, ...
Re: ICT Homework Thread June 22nd-27th
Hi everybody,
What do u think, am I dreaming or we see a possible mk maker sell model in place at Cable 1H Chart? Cons : just made a new fresh high at early LO 1,71783.
Hi everybody,
What do u think, am I dreaming or we see a possible mk maker sell model in place at Cable 1H Chart? Cons : just made a new fresh high at early LO 1,71783.
Attachments
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gbpusdh1-mk maker sell model.png
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