ICT stock series and SMT divergence

Discussion in 'Systems and Methods' started by fxsailor, Dec 1, 2015.

  1. fxsailor

    fxsailor Member

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    In the last live session done by ICT on Nov 30th. Around the 19min mark. https://www.youtube.com/watch?v=8WLPSeH2Ga0

    Michael shows SMT divergence between the three US indexes. He shows that the Nasdaq comp made a lower low on Sept 29th while the DJIA and the S&P 500 did not make a new low. I can not find a feed that shows the Nas making a new low for that day. I have tried different Mt4 platforms, google fiance, barchart, etc. I also tried the nas 100.

    Can any one else this low made for the Nas?
     
  2. syzygus009

    syzygus009 Well-Known Member

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    here.
     

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  3. sqa

    sqa Village Scribe

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    It was really clear on the H4 chart. It's not on the D1. I know, as I was waiting for it to diverge to watch a few things. :)
     
  4. shopster

    shopster Well-Known Member

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    the real questions.

    1) why was he not loaded up long with his feet up instead of yapping about past history.
    2) what kind of dumbass loads 20 cars short on a pair and runs it to zero.
    3) who blows up 3 yards of capital because he can't trade jack.


    ICT junkies just keep lining up for more hits off the needle.

    s
     
  5. d16y

    d16y Well-Known Member

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    It's there on my MT4. Plotting the LOWS. Do note he used nasdaq composite index not the nasdaq 100 index.
     

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  6. Jeronimo

    Jeronimo Guest

    I use the grass growing in my yard index, works a treat...

    Manny thks

    J
     
  7. d16y

    d16y Well-Known Member

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    Grats you found the holy grail !
     
  8. Jeronimo

    Jeronimo Guest

    lol
     
  9. Jeronimo

    Jeronimo Guest

    aaawww. did we loose the "i want to feel important" posting in bold, whooo hoooo!

    What wor your questions...?
     
  10. garry

    garry the art of war

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    even you should understand the questions ,pretty straight forward care to answer ;)
     
  11. Peterma

    Peterma Well-Known Member

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    Sailor, didn't see the video you mentioned, nor did I spot the divergence on the nq, but that it happened is not a surprise.

    The nq is tech laden (as I well remember when the bubble popped, grrrr..) the S&P is broad, so a lower low on the techs but not on djia or s&p would represent a breadth indicator signal saying 'do not sell this, the techies are on their own'.

    There are lots of ways to determine breadth, the divergence you mention is one, also that reallytrade guy mentions another - daily s&p on Sep 29th:

    (apologies for lack of graphics, old dog, new tricks etc etc, anyways, good day to go long on the s&p is Monday, maybe an hour after the open, Monday Oct 5 will suit, but only if the stars align)

    Ok, it's the last bar/candle after the tiny Sunday one, see the break of zero - stupid techs :)
     

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