I agree,
By far Im not using all the tools ICT has presented.
What I meant, and I believe what Palmy meant as well, is for example:
when does the traders trinity work best? Is is in a trending or ranging environment (lets say on an H1 timeframe)As I do believe that certain tools work best during specific market environmentsā¦
Armed with this knowledge we would know how much weight we should lay on those signals, and when we should disregard certain signals all togetherā¦
not sure if its clear what Im trying to say haha
but I definitely agree with you, that we need to find our own set of tools and a model that works for usā¦ but I would prefer to have 2 sets of tool and 2 strategiesā¦ one for range and one for a trending environmentā¦
Not quite the same though, with trading you get this kind of thing- place a trade and it goes right, however there is the possibility that it was a trade that you should never have entered to in the first place and 8 times out of 10 you enter that trade it will lose.
With a door, you know if itās right or not, i.e. it works, it opens and it shuts, do the same again it open and it shuts, NOT the case with trading.
But yes, the principle is right, but itās never hard and fast with Forex.
congrats.
during NYO I will see how things lookā¦
for now, 1.6050 and 1.2930 look tempting for a reversal (if there is oneā¦)
Proud that I let this one go even if it would have made me moneyā¦ happy because I sticked to my rules;)
Ok, all you guys that have been shorting the EURO, you should not be congratulating yourself on any pips you got, at best you should be going, phew I didnāt make a loss, it was playing with fire.
this little spike south in cable was actually an bull OTE from todays low to highā¦ but didnt get inā¦ want some clearer signals and I want them during Killzones please hahaha
That 1.3000 level looked really promising for a 20-30 pip scalp, a bounce in other words. But looks like it did not materialize. However its best to wait for a long signal to get in sync with market structure.
Iāve started to investigate the use of Thomas Demark Trendlines (sometimes used by Chris Lori) as an alternative method to assist is removing some subjectivity from identifying the trend and the points from which to pull the fibs to ID the OTE.
itās relative to timeā¦ thats how subjective perception of time works, part technical part psychological (did i spell that right?) if one is to consider the highest high and the lowest low in the entire life of an instrument, thatās a pretty large time frame, in that time frame the instrument is always in ārangeā. If one is consider the tiniest timeframe, like a superminitick frame if that was to exist, then price would always be breaking out and trending. itās kinda philosophical and the examples extreme, though it shows that price is at any one time both trending and ranging, and the option is more on the timeframe where we choose to do one thing or another.
seems to me notion of fractal is part of the same family.
donāt know if this could help, but the comment on the 2 strategies triggered this one
good trading!