The Wolf Pack -- ICT Tools & Concepts in Action --

[LearninToPimpPips]

Pimpin,

cant wait to see your real, live results, mate, you got me hooked

Me too. Will be an interesting transition.

[LearninToPimpPips]

Thanks for that Clint. I too plan to adjust for daylight savings time, just can't ignore it either! I also plan to move my Asian Range ahead by 1 hour, as well as my GMT pivots. NEW YORK pivots will remain the same.

?? If your broker is gmt based, why would you need to adjust gmt pivots?

Ict pivot indicator assumes broker time with the offset parameter. If your broker is gmt, your offset should stay '0'. I think you'd want to change the offset to bring up NY pivots to '-4'.

Or am I confused?

[PureMuscle]

Hmmm, that is a very good question. I would've thought that if your broker is GMT based, then they will automatically change the timer on your metatrader platform? Am I wrong? Either way, guess it's time to start googling "What time is it in London" again

[Johnny2pips]

Hey there guys!
Slowly, but surely getting the hang of all this stuff thanks to the videos by ICT and a lot of screen time. Could you just breafly explain what SMT is and works and the acronym "TT"?
If I'm not wrong SMT seems to be to overlayed pairs plotted as line that you use to spot divergences between pairs, right? I didn't find anything about it in the videos... Thanks in advance

If you downloaded the torrent all the info is explained in the video named "Inner Circle Trader Correlation Concepts"

[LearninToPimpPips]

Hmmm, that is a very good question. I would've thought that if your broker is GMT based, then they will automatically change the timer on your metatrader platform? Am I wrong? Either way, guess it's time to start googling "What time is it in London" again

Yeah. That's what I'm thinking. On the 11th, the us changes to dst, so I don't think anything changes on gmt time. Hence, the ict pivot indicator should remain 0 if the broker uses gmt time (if you're broker isn't gmt and you want gmt pivots, you already have your offset to a value other than 0.

In this 2 week period, I think we set the offset to -4 to get NY pivots for gmt based brokers.

Later, when gmt changes to daylight savings. The gmt broker will change their time to local time. So gmt will stay at an offset of 0. And my pivots will go back to a offset of 5.

I'm pretty sure this is right. But interested if someone has a different view and why for the group to consider.

[Johnny2pips]

Can someone offer some insight?

Daily and 4H trends are down for E/U G/U. From a weekly trinity point of view E/U met the 1.272 extension without making new recent lows. G/U has made new lows and met 1.618 almost to 1.786 (not an ICT fib) still something I watch. Should we be expecting price to trade up into next weeks fair value or at least retrace then reach for 2.0? There is also 4H divergence noted in the photo below it kind of contradicts a lower move unless it ends up being a slight retrace and not a major trend change.

Anyways I'm totally having a rough time with weekend analysis and understanding where price may go the following week. Help please.

[Flying Rhino]

......
The way I see it, the love account could generate 2 feeling........

Oh yeah...i want one! Where can i get it?

[Martinius]

Hi and welcome on board

yes, you're correct about the SMT (''Smart Money'' Tool), the important thing to remember, it has to be a closely co-related pairs, so u can easily spot a 'crack' in the correlation. classic example is EURUSD-GBPUSD or AUDUSD-NZDUSD, EURJPY-GBPJPY, etc... you get the point. it also can be one pair plotted against the Dollar index (USDX) and look for divergence again (charts are mirrored in this case), best is to plot fiber-cable-USDX on same chart and you wont miss a ''crack'' Bear in mind this is only confirmation tool and not to be used to enter a trade on its own.

TT stands for ''Trader's Trinity'', concept/tool developed by ICT himself. to find out what exactly is and how it works, best is to watch the video about it.

I strongly recommend to read through the thread: What Every New & Or Aspiring Forex Trader... Still Wants To Know alongside watching the videos and you will have very few questions after finishing it.

Thanks a lot Kubio.
I noticed I had managed to jump over a couple videos and those were in fact the videos explaining the concepts of TT and SMT. Sorry, wasn't my intention to clutter the thread with questions I easy could find the answer to myself. Anyway, thanks again for the answer! It's a wonder why I didn't get involved with ICT's concepts before, they are really mind blowing! Happy weekend and good pips!

[fury]

earlier this week, Michael was on the BP chat, and one thing he asked was "which forexmas video did you feel gave you the most bang for your buck?"

I answered the Judas Swing video, and I do hope that is made available to the new crew in priority. But in the meantime while you guys wait, you might want to take a look at the personal notes I made for the Judas Swing concept

I must warn though, it does not explain the HOW to apply it, this is just a "profile" for the theoretical side of the concept that I made for my own notes.

Attachment 22859

Hope you find it useful!

The thing is it is a hard pattern to recognize and needs alot of confluences to catch... I mean we had 2 lo judas the past two weeks so if you were looking to fade a false breakout in london you would have been hammered because so many days were just up or just down.

Even with a bias, it is tough because what happens if you look for the judas and well it just goes your way the whole time. A very tricky concept for me to implement correctly and I have tried waiting for SMT and been burnt by that too lol. Just sticking to s/r and otes has been way more reliable.

[Clint]

This is not an ICT Tool, but it's something I've been watching since I first noticed it a couple of months ago ---


This is the weekly GBP/USD chart (with Heikin-Ashi candles).

This chart pattern is not seen on the EUR/USD weekly chart.

It's an absolute certainty that price will break out of this pennant before the end of July. The important question is:
Will the direction of the breakout have any significance in determining a new, long-term directional bias?