ICT Homework Thread May 4th - 9th, 2014

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bronxterp

Active Member
Just reviewing my ICT notepad moments. Taking a look at cable we have a large range impulsive bar on Tuesday, followed by a small range contraction bar on Wednesday. I will be looking for a quick shot down to take out stops and fool the daily inside bar shorts. Taking a look at the dealer range SD's and the early Asian range, I will keep my eyes open for Asian range fake out
 

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saiful

Member
Fuzzbuggy said:
EURUSD H1
Would u plz put some lines on How to determine the Dealer Range Deviation...how have you drawn the boxes above and below the Range....I missed some important bits of the concept....
 

bronxterp

Active Member
ovidiux said:
EURUSD M15
what was wrong with this? :-\
IMHO daily bullish bias. I've tried to piece the parts of the puzzle together. NFP strong reaction up after initial drop. Tuesday we saw a strong impulsive move. Yesterday we saw tight contraction with no clear signs of selling. I would not be looking for shorts in this environment unless we were in a clear range. As I type this, Draghi knocks it down 70 pips lol :eek:
 

ovidiux

Well-Known Member
bronxterp said:
IMHO daily bullish bias. I've tried to piece the parts of the puzzle together. NFP strong reaction up after initial drop. Tuesday we saw a strong impulsive move. Yesterday we saw tight contraction with no clear signs of selling. I would not be looking for shorts in this environment unless we were in a clear range. As I type this, Draghi knocks it down 70 pips lol :eek:
I was looking for that drop down before price moving up... not expected that spike up first. Eh, moving on...
 

sqa

Village Scribe
Central Bankers talking, which means their minions are out making money on their chatter. Almost like this is expected... >:D
 

sqa

Village Scribe
Day 10, USDJPY.

Blue Trend line is Reflection Pattern potential low. If it doesn't stop at that point, then the pair is going to make a big run down. Which also suggestions it would go flying through that level.

Yesterday was Noteworthy for putting in the Low at 20 GMT. Kind of screams VIP pricing.
 

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dougl1965

Well-Known Member
USDCAD
ok, this trade failed. Now that i looked at it a bit closer....here's my critique:

1) weekly was bullish but barely and looking like it wanted to turn over to the downside?
2) comparing what I thought was an order block to some of the other "obvious" order blocks on the same screen, the area I termed as an order block wasn't as impressive.... the move up was with smaller "up" bars.
Curious what everybody else thinks?
dougl
 

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sqa

Village Scribe
Unless the Weekly EMAs are expanding, it's generally a flat signal.

Still, the Weekly Order Flow was broken to the downside as of April 6th or so. It barely retraced into the 50% Fib, which is an Order Flow rejection.

This is simply a down Weekly market. If you flip your Fib, I think you'll see the problem. Especially with NFP went on May 2nd.
 

dougl1965

Well-Known Member
sqa said:
Unless the Weekly EMAs are expanding, it's generally a flat signal.

Still, the Weekly Order Flow was broken to the downside as of April 6th or so. It barely retraced into the 50% Fib, which is an Order Flow rejection.

This is simply a down Weekly market. If you flip your Fib, I think you'll see the problem. Especially with NFP went on May 2nd.
thanks for the feedback. Looking back, the week of April 6th was key.
 

Tansen

Well-Known Member
Thread is now locked


Next week one is here:
http://fxgears.com/forum/index.php?topic=315.new#new
 
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