ICT Homework Thread June 22nd-July 4th

Don't panic!

http://media.giphy.com/media/8EmeieJAGjvUI/giphy.gif

May cause seizures. ^

 

Re: ICT Homework Thread June 22nd-27th

closed my cable short today around ADR at 1.697.

will be watching tomorrow morning 1.695 for a long.

 

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

 

Re: ICT Homework Thread June 22nd-27th

So maybe it wasn't (stopped). Does look like retest of .9388 high.

Cable long from 1.6957 working though

 

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

 

Re: ICT Homework Thread June 22nd-27th

I think he meant we could've sold at 1.075
A reversal tomorrow would be nice

 

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.

 

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..

 

Re: ICT Homework Thread June 22nd-27th

Thanks for your insights. I see your points regarding retrace and consolidation. Will watch out for that next time.

 

Re: ICT Homework Thread June 22nd-27th

Looks like USD index in support............

 

Re: ICT Homework Thread June 22nd-27th

Looks like MM buy model on 15 min TF. Expect the highs to be taken. Can't say when but if I see a sharp sell off during LO will be looking to get long.

 

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%

 

Re: ICT Homework Thread June 22nd-27th

Last week of Cable's Drill..

 

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

 

Re: ICT Homework Thread June 22nd-27th

whats happened in cable ? really weird to me...................can anyone explain it ?

 

Re: ICT Homework Thread June 22nd-27th

 

Re: ICT Homework Thread June 22nd-27th

Hi Everybody, here is my take on the homework. Some of the things are quite subjective but it's the same for everybody.

 

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 ?

 

Re: ICT Homework Thread June 22nd-27th

Hi Sakib717,

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.