the art of war
yes i understand were u are coming from ive added abit of ict stuff in my set ups.sqa said:@Rod:
If it's a H1 OB trade setup, I normally trade them on 15 pip SLs. And that's only because I don't quite trust putting them on 10 pip SLs yet, even those they would work in a lot of my trades. Though that's also dependent upon the Price Action in the area. There are messier OBs and cleaner ones, as well.
OB levels are quite similar to S&R levels. You need some gray area as we don't have any way to knowing the amount of Orders that have stacked at the area/if someone is unloading a position there.
@garry: I checked out a few of the videos @ https://www.youtube.com/user/thetradersguild1/videos . Credit to them for actually making an intro and being professional. I'm happy they can trade with the S&D tool (with other confirmation tools). If it works for them, it works for them. But there's still significant difference between OBs & S&D Zones. Granted, they do overlap in a number of places, which both rendering potentially profitable trades.
.remember the vic video ict showed.
remember the site he got the orders from fxlive i think now ,when i stepped over to the( darkside retail fx) i joined up orderlow trading from that prick darkstar ,the book is useless very basic ,i used to call live trades in his room with a prop trader friend.
they just add the stop levels as seen in jupafx charts if you go have a look try and get positioned before the news days before a big release to catch the sentiment and flow .no one knows where price will go some with levels stacked levels also ,i think you can only get so much from a chart .its just down to skill and gut which u cannot learn from anyone
i think thats why lots struggle with ict ,s work too tech and too much to think about and no one can be ict