ArtificialTrader said:Guys, ICT mentioned that he typically uses a 30 pip stop.
Can somebody explain why?
I have been using 10-20 pip stops with TP targets that are usually 30-50 pips from order entry.
ArtificialTrader said:Guys, ICT mentioned that he typically uses a 30 pip stop.
Can somebody explain why?
I have been using 10-20 pip stops with TP targets that are usually 30-50 pips from order entry.
dekk said:can someone please explain what ICt meant by the phrase (in vid 2 about 1.05 in), whenever u have a large range bar, large candles do not usually work both sides of the opening of that candle. - What does this mean? Can someone post a picture of what he means?
ty
Tansen said:Hint remember what he said about 3 day asian ranges?
Sybrand said:I have noticed a very strange thing though, the scale into there opposite positions before they take profits on their old trades. As if they want to secure their next trade before they secure their profits on the current one.
foreigner said:Sybrand, Im interested in what you said in the above quote, can you elaborate on this please?!
foreigner said:Can anyone confirm if this is a true fractal in the fiber?
Jack said:Just approved 3 posts in a row for this thread appearing before piper's last post.
Congrats Sybrand and ams_trades for reaching 5 posts and becoming unrestricted for all further posts! (No more waiting for post moderation.)
foreigner you are just one post away from the same.And just after I post this, foreigner gets his 5th as well.
Cheers all!
Yes but what am I looking at specifically? can you give one example to study?Sybrand said:Sure, just check out the data 1st. It will spare me allot of screen shots lol
http://www.cftc.gov/MarketReports/CommitmentsofTraders/HistoricalCompressed/index.htm
Look at how positions are transferred between the usd and other currencies. You can actually start to see how the money loads jump from one pair to another before price reacts in the longer term.
kongzz said:Trying longs at the 1.33450 level which was last months high.
Looking at the daily weekly and monthly, structure and flow still seems bullish to me
Also retail traders are extremely short both the EUR and GBP. So to highlight the trade reasons:
1) Bullish market flow and structure on the higher time frame'
2) major S/R level
3) ICT Stinger/Holy Grail setup
4) Possible Weekly low formed yesterday?
5) Very bearish sentiment by retail.
6) SMT Divergence.
7)Pivot Buy zone
8) Market structure broken on USDX so short on retracement at major S/R 81.50 level + ICT Stinger sell signal
let me know what you guys think!
-Ivan
*Updated stops moved from -30 pips to -20 pips at break of previous hour high.
*Updated2 50% off at +20pips, stops tighted to -10 pips.