Computater707 said: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.
OTE needs to be at the 62-79 retracement level. I see that you're using the 21-38 level for simplicity's sake but you're neglecting the idea of a retracement. When you're drawing from high to low, you can only short. When you draw for low to high, you can only long. You drew from high to low and you're longing. I hope that made sense. I'm good at understanding things but not so great at explaining them.
I think ICT took the trade because of USDX only. See my pic for details. He saw what I indicated on my picture and put in 2 trades consecutively one after another on the demo. I can't say which one would be a better pick. I think I would personally pick EUR over GBP because of its bullish structure.
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