ICT Homework Thread June 8th - 13th

[Tansen]

I just realize this Friday is also:

 

[Kuzia]

I think we completed 1 month of data or not yet?

 

[sqa]

Gives people space to keep posting.

 

[Tansen]

I think we completed 1 month of data or not yet?

Pretty sure we got about a month and a half now. However this is how it was voted to be sorted.

 

[Hopiplaka]

USDx cleaned the stops. 1H Market structure was broken.

We might see a retrace to 80.40 and continue higher, meaning a Judas sell swing up for GU/EU and than down remainder of the week.

See that small order block 26th of May act as support?
Also the 90% kill level, I remember ICT talked about it in one of his earlier video's (2012).
See how the KILL zone aligns with the 50% of the order block, which he like to see respected?

 

[djsm8]

Looking to add to Cable short. I would have liked to see Cable break down a bit more so I will be patient on this one. I will probably take a smaller position if I trade tonight.

 

[Kuzia]

Looking to add to Cable short. I would have liked to see Cable break down a bit more so I will be patient on this one. I will probably take a smaller position if I trade tonight.

Cable is high probability trade right now

 

[Simr]

Cable was a great short on the rally back into 1.6809 at the m15 bar which closed at 8.45 GMT.

Cable is high probability trade right now

 

[Chugs]

Took cable short Today 0.5 pips from the high.

Daily order block, OTE, MM sell model, CDR(+1). Thought it was pretty textbook.

Unfortunately couldn't monitor the trade so set TP at CDR(-1).
Still got 34 pips!

 

[Hopiplaka]

USDx cleaned the stops. 1H Market structure was broken.

We might see a retrace to 80.40 and continue higher, meaning a Judas sell swing up for GU/EU and than down remainder of the week.

See that small order block 26th of May act as support?
Also the 90% kill level, I remember ICT talked about it in one of his earlier video's (2012).
See how the KILL zone aligns with the 50% of the order block, which he like to see respected?

Got an entry today at 1.6807, tp is TP1 (127 ext) @ 1.6630-40.
See the Market Maker Sell Model on the GU, together with the yearly dealer range indi

 

[Simr]

Hi ,

I dont know wht the yearly dealer range is..... but... on the GU from end jan on D1..there have been only two levels move up.

As I write this...we are moving down from our 2nd MM level.

Would love your opinion on this... Just cos of this concept.... else i have ..1.6422 on the radar.

Got an entry today at 1.6807, tp is TP1 (127 ext) @ 1.6630-40.
See the Market Maker Sell Model on the GU, together with the yearly dealer range indi

 

[Hopiplaka]

Hi ,

I dont know wht the yearly dealer range is..... but... on the GU from end jan on D1..there have been only two levels move up.

As I write this...we are moving down from our 2nd MM level.

Would love your opinion on this... Just cos of this concept.... else i have ..1.6422 on the radar.

The yearly indi is just a concept I came up with,based on the CBDR. I apply it to a weekly, monthly and yearly basis. It's pretty accurate.

Everything is based on the same principle, range is calculated at the beginning of the day/week/month/year.

We're in the middle of the year, it tend to go back to the yearly open.
That's why my take profit is at 1.6640 level at the moment, we might see a 'false' MMS program, and just forms an OTE to continue higher.
If the MMS comes to fruition, 1.6435 is a nice level to reach for in my opinion.

 

[jack]

Took cable short Today 0.5 pips from the high.

Daily order block, OTE, MM sell model, CDR(+1). Thought it was pretty textbook.

Unfortunately couldn't monitor the trade so set TP at CDR(-1).
Still got 34 pips!

Nice! And welcome to the forums!

 

[Tarri]

Still bearish on cable and with the claimant count coming up I expect the 3 STD to be reached which also is the OTE for yesterday to today range

 

[Tarri]

so we reached 3 STD but no reaction. We had SMT divergence during NYO. Looks like a bull flag is forming. I'm in the short from 1.679.

Could be one of those instances where the tools just don't work or I missed something.

 

[Hopiplaka]

so we reached 3 STD but no reaction. We had SMT divergence during NYO. Looks like a bull flag is forming. I'm in the short from 1.679.

Could be one of those instances where the tools just don't work or I missed something.

When you draw a fib from Monday High to yesterday low, you are in the OTE zone.
Also pay attention to the nice big order block, which is respected at the moment.

I think you're still ok. 127% extension of the fib is 1.6710, so if it plays out, you have a cool 80 pips - I think before the end of the week - which would give us a healthy (nowadays that is ) weekly range of 120 pips.

Also, have a look at my weekly indicator http://fxgears.com/forum/index.php/topic,320.msg4938.html#msg4938 and see what lines act as resistance (give or take 2 pips).

 

[Tarri]

Indeed might still pan out. Trying to do day trades therefore was expecting more of a reaction.

 

[Hopiplaka]

Indeed might still pan out. Trying to do day trades therefore was expecting more of a reaction.

Price tends to move back to the weekly opening price in the middle of the week, which is 1.6804.
After they harvest enough shorts, they can continue with the down trend - sell high, buy low

Good luck with the short!

 

[zmilx]

Hi Everybody,

Was sick last week and wasn`t up post the homework, so I don`t know is it ok to put it in this week`s threat, but I didn`t find better place, so I but it here.

 

[Tarri]

continuing the GBP short. SMT divergence this morning and OTE from yesterday high to Asia low.

bit early to tell but could be makings of a nice down day. Still in the short from yesterday. Let's see