ICT Homework thread

Discussion in 'Interactive Trading' started by proximitymines, Mar 20, 2015.

  1. proximitymines

    proximitymines Well-Known Member

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    Now dissect the move and share on FxGears forum why you believe I traded Fiber and Cable today long and targeted these levels on profit. Go!

    EURUSD 14:49
    Long 1.0666 -> 1.0734

    GBPUSD 14:50
    Long 1.4757 -> 1.4795

    It looks like you bought at start of LO at yesterdays end of day consolidation for a scalp to the nearest S/R. EU structure and flows were bullish. Simple as that? You could have held for longer but with quick profits you can make a living I'm guessing.
     
  2. the golden gun

    the golden gun RINSE & REPEAT

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    If the timestamps are accurate, then Mike held that Cable Long for a 70 pip drawdown before coming back into profit!

    I assume the times are GMT, but regardless the trades are made on the 19th. It seems you assume they were from the 20th...
     
  3. the golden gun

    the golden gun RINSE & REPEAT

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    it looks like he traded a 15m +OB on Fiber,
    and a 15m Mitigation block on Cable, based on the entry prices.

    oops this was supposed to be an Edit, but oh well i'll just leave it
     
  4. proximitymines

    proximitymines Well-Known Member

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    I made a typo, GU at 4757 and not 457. He held for ~36 pip drawdown, stop probably below yesterdays low.
     
  5. the golden gun

    the golden gun RINSE & REPEAT

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    No.

    69 pip drawdown if you want to be precise. Check the dates. We operate on the same calender, right?
     
  6. sqa

    sqa Village Scribe

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    Hrmm... I can't make heads or tails of what Time Zone that set of Time Stamps is from. I think the Server Time is just off in the client on his phone. :eek:
     
  7. the golden gun

    the golden gun RINSE & REPEAT

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    Check your Forex Ltd. Demo account. 14:50 lines up perfectly for the Entry he showed in his screen cap.

    All those trades made in demo account, y'all know that right? lol
     
  8. proximitymines

    proximitymines Well-Known Member

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    I see what you're talking about. For some reason, I just assumed he took his trades at london open. But if he took his trades at 14:50 forex ltd time, then it'd be after yesterdays london close. If that's the case, then yeah 69 pips.
     
  9. Computater707

    Computater707 Well-Known Member

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    Some Screen Shots to facilitate discussion and comprehension.
    from Forex.com Live account feed = GMT

    EU first
     

    Attached Files:

  10. Computater707

    Computater707 Well-Known Member

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    GU
     

    Attached Files:

  11. Computater707

    Computater707 Well-Known Member

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    It is intuitively obvious to the casual observer that entries and exits were random. ;)

    Order blocks, S/R, Liquidity Voids and 20+ years of trading experience had nothing to do with it. (right....)

    The slippage on the trades is similar to what I see on my trades.

    EU weekly is below
     

    Attached Files:

  12. proximitymines

    proximitymines Well-Known Member

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    Yeah so he took a 70 pip drawdown to take 38 pip win. By the way Computater, you seem to be doing your OTEs wrong specifically in your GU chart example. You guys are right that it was probably on demo to make a point. I don't see the GU long but EU I can see why he took it.
     
  13. the golden gun

    the golden gun RINSE & REPEAT

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    He's trying to pass off yesterday's demo trades as Today's Live market trades.

    The rest is denial.

    Can't wait for April 1st.
     
  14. outthislife

    outthislife Well-Known Member

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    Posting in a soon-to-be epic bread.

    Nothing to add. Just love it.
     
  15. proximitymines

    proximitymines Well-Known Member

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    Haven't you been following ICT for a long time? Not doing well?
     
  16. the golden gun

    the golden gun RINSE & REPEAT

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    are any ICT followers doing well?
     
  17. Computater707

    Computater707 Well-Known Member

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    Perhaps I am drawing them wrong. Please clarify and expand on what you think I am doing wrong so I can improve.

    I am also puzzled by the trades. I can see what he did which I understand as targeting the S/R gap during the FOMC fundie. It makes sense that price would retrace back up through it. It also makes sense to me that while the setup is clearer on the EU the GU would eventually follow along because of their inverse correlation to the dollar and positive correlation to each other.
     
  18. the golden gun

    the golden gun RINSE & REPEAT

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    so if it made sense to you, can we presume you traded it and made pips? ...
     
  19. garry

    garry the art of war

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    not long now ,starting to see the light i see
     
  20. the golden gun

    the golden gun RINSE & REPEAT

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    yeah i guess i'm the only one that knows how to read a calender. their loss.
     

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