ICT Homework Thread May 11th - 16th, 2014

Status
Not open for further replies.

TheRumpledOne

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!


Here is a MT4 chart loaded with all of the ICT indicators. Some I can't tell what they are supposed to be doing because I don't have the .MQ4 files.

Does anyone have a template for MT4 that they care to upload?

Thanks
 

Ramy3

May the pips be with you!
TheRumpledOne said:


Here is a MT4 chart loaded with all of the ICT indicators. Some I can't tell what they are supposed to be doing because I don't have the .MQ4 files.

Does anyone have a template for MT4 that they care to upload?

Thanks
LOL, Good luck. :lawl: Apoligies mate. :lawl:

You just made my day. Thank you!

Cheers!
 

sqa

Village Scribe
Day 14! A bit over a week left of just this type of work.

This is kind of a weird day for the Yen. Yesterday was a pull back off the Month Open, but if you see the Purple bar, that's the Order Block & 70.5% OTE from the previous Swing points.

I was trying to figure out what was going on, then I realized that when the previous Swing Low was set during the CDR, I was surprised. But I wasn't the only one. The London crowd got 0 chance to price in their Orders at that level. So they bounced off the Month Open, then drop it back down. It's rare for their to be a move during the London Sessions on the USDJPY (the major volume is Asian Kill Zone & New York Open), but the London zones will make runs back to previous pricing, before taking off.

Also, the USDX has been running higher, while the Yen is just lagging around. Something is fishy. Plus, today looks like a formation that I've seen noticing more & more, which I call a "Yen Flag". We'll see if it holds. Could be a nice buying opportunity.
 

Attachments

sqa

Village Scribe
Day 15. Day 13's stall just beyond the Month Open & at a H4 Order Block from 2 weeks ago held. When NYO didn't produce a higher high, I got really suspicious of what was up. The Purple line/Arrow point was a good buying opportunity, which I'm pretty sure at few people grabbed. As long as you got out during LO or NYO.

The Key area of the day is those Lower Lines (I have two, giving a fun little shadowing effect), those are the March Swing Low & February's Monster Order Block. And just 2 pips above a Decade Order Block. I fully expect a run down there during NYO, then a fade off. If not, it's getting there Monday.
 

Attachments

Status
Not open for further replies.
Top