I'm on a Boat.......


sakib717

Never apologize for confidence...
i know COT is a big thing, its not kiddies play but i want a try dont know whats gonna happen

analyzing COT EUR/USD

why am i analyzing it ?

EU on a monthly higher tf key s/r level 1.1256, fibo 62%, monthly order block 1.1256, every single re-treacement range filled 127 extension

COT 2 years extreme net long, volume drooping and open interest drooping
so trend not confirmed by volume and open interest so thats means trend running out of steam

so we see a daily consolidation on higher tf key support level

if we want to see bullish environment our further watching is we want to see price sweep low of this consolidation, come back to consolidation and maintain support level, break Intermediate term swing high in daily tf at that moment in daily time frame we wanna see massive fall in open interest it will confirm by Central bank monetary policy (FED announcement/ ECB announcement) like they will come and say we will not change our interest rate when everyone expecting rise of interest rate

i know when geopolitical events come in front of economy USDX will be strong anyhow

i dont know why im analyzing at this type of situation but still...........
 

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sqa

Village Scribe
One problem with Barchart's COT Data is that the current week is always listed as "0", so it always collapses at the end. You have to look up the hard data to see what's going on recently. It's something to watch out for.
 

sakib717

Never apologize for confidence...
sqa said:
One problem with Barchart's COT Data is that the current week is always listed as "0", so it always collapses at the end. You have to look up the hard data to see what's going on recently. It's something to watch out for.
thanks sqa, do you have any free hard COT data link ?

i use cftc as hard data
 

sakib717

Never apologize for confidence...
sakib717 said:
i know COT is a big thing, its not kiddies play but i want a try dont know whats gonna happen

analyzing COT EUR/USD

why am i analyzing it ?

EU on a monthly higher tf key s/r level 1.1256, fibo 62%, monthly order block 1.1256, every single re-treacement range filled 127 extension

COT 2 years extreme net long, volume drooping and open interest drooping
so trend not confirmed by volume and open interest so thats means trend running out of steam

so we see a daily consolidation on higher tf key support level

if we want to see bullish environment our further watching is we want to see price sweep low of this consolidation, come back to consolidation and maintain support level, break Intermediate term swing high in daily tf at that moment in daily time frame we wanna see massive fall in open interest it will confirm by Central bank monetary policy (FED announcement/ ECB announcement) like they will come and say we will not change our interest rate when everyone expecting rise of interest rate

i know when geopolitical events come in front of economy USDX will be strong anyhow

i dont know why im analyzing at this type of situation but still...........
found a nice thing buy model in h4 thats the sign of trend reversal but still geopolitics is main issue we have to confirm this with other tools. im not hoping trend is gonna reverse but analyzing as it seems
 

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sqa

Village Scribe
http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm

That's what I used to check the most recent week. The graphs are still useful, but you have to keep the last bit in mind. It took me a bit to figure that out, originally.
 

sakib717

Never apologize for confidence...
sqa said:
http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm

That's what I used to check the most recent week. The graphs are still useful, but you have to keep the last bit in mind. It took me a bit to figure that out, originally.
thanks sqa :thumbsup:
 

marzullo63

[by user request]
seems like u got i wrong...
I think there is a huge difference between just applying the tool and the ICT intuition which is needed to apply them...
The real reason why people are still demoing and/or trading pennies on these tools is because they lack consistency. I am not saying ICT says BS or that these tools don't work, what I am trying to communicate is that there is something more needed which goes beyond the understanding of a neophyte. ICT hasn't been able to transmit that part yet and maybe he will never be able to.
 

sakib717

Never apologize for confidence...
marzullo63 said:
seems like u got i wrong...
I think there is a huge difference between just applying the tool and the ICT intuition which is needed to apply them...
The real reason why people are still demoing and/or trading pennies on these tools is because they lack consistency. I am not saying ICT says BS or that these tools don't work, what I am trying to communicate is that there is something more needed which goes beyond the understanding of a neophyte. ICT hasn't been able to transmit that part yet and maybe he will never be able to.
its my fault, now im selling from 907
what is my fault ?

whenever there is a sell model or buy model in 15 min it will filled then price will reverse


by the way its my real account, i will share my myfxbook when i fill my goal
 

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sakib717

Never apologize for confidence...
sakib717 said:
its my fault, now im selling from 907
what is my fault ?

whenever there is a sell model or buy model in 15 min it will filled then price will reverse


by the way its my real account, i will share my myfxbook when i fill my goal
Power of ICT never ever underestimate the power of ICT ! its beyond thinking its beyond imagination ;)
 

sakib717

Never apologize for confidence...
did anyone know how to read without chart noise ? i mean support resistance noise..................
i know renko chart is best for noiseless chart
 

sqa

Village Scribe
sakib717 said:
did anyone know how to read without chart noise ? i mean support resistance noise..................
i know renko chart is best for noiseless chart
Not quite sure what you're asking? What time frame?
 

sakib717

Never apologize for confidence...
sqa said:
Not quite sure what you're asking? What time frame?
when i make a plan to open a trade at this level price go ups & down, it makes chart so noisy and drive me to change my plan, i think ICT already said about this ups & down noise, how to get rid of it did anyone know ?
 

sqa

Village Scribe
sakib717 said:
when i make a plan to open a trade at this level price go ups & down, it makes chart so noisy and drive me to change my plan, i think ICT already said about this ups & down noise, how to get rid of it did anyone know ?
Either another "filter" to help you remove lower-chance trades. Or just be patient.
 

sakib717

Never apologize for confidence...
sqa said:
Either another "filter" to help you remove lower-chance trades. Or just be patient.
i cant thank you all the time because your priceless help really makes it more than thank............
 

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