The Wolf Pack -- ICT Tools & Concepts in Action -- - Page 43
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Thread: The Wolf Pack -- ICT Tools & Concepts in Action --

  1. #421
    FXTraderCro's Avatar
    FXTraderCro is offline Junior Member
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    London Open Kill Zone

    Cable entered the OTE Sell Zone based on the Fib from yesterday's high to yesterday's low, Fiber is a few pips away from it.

  2. #422
    Eroica is offline Newbie
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    Does ICT have a list of currency pairs to trade?

  3. #423
    Wiltons is offline Newbie
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    From what I've seen in the vids so far it's almost all EUR/USD and GBP/USD. I've seen some reference to EUR/JPY and GBP/JPY as well. Some of the folks on here are applying the tools to aussie as well, I believe.

  4. #424
    Eroica is offline Newbie
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    Market seems to be moving sideways with most of the majors, can anyone else see any good ideas for the daily charts at the moment.

  5. #425
    StephA is offline Junior Member
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    Took a -2% loss on the cable today during London Open on the following trade:

    - Shorted at 1.5889
    - LO kill zone
    - 1hr OTE
    - Sell Zone
    - S/R Level
    - 4hr market flow bearish

  6. #426
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    Alishijo is offline Master Contributor and Member
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    Default The Treasury Market & FX

    Is anyone else as confused as I am with ICT's link to the article on Treasuries and FX? Here is the screenshot from ICT's original teachings:



    Pretty simple, right? A failure to move lower on one of the yields equates to dollar bullishness. Investors chase higher yields and money flows into the dollar.

    But then this:



    If an investor is BUYING treasuries, then they need dollars in order to do so, and this equates to 'massive strength in the USD'.

    My problem is this: Bond prices and yields have an inverse relationship. If you buy bonds, then yields decline. If you sell bonds, then yields increase.

    In my mind these two screenshots present contradictory information. ICT says buy the dollar when yields start to increase, and the article is saying buy the dollar when the bond price increases (the yields decrease).

    If anyone has any ideas on this, or can direct me to some posts documenting 'Treasury trades' with ICT analysis, then I would be grateful. I recall documenting a Euro short back in about November of last year where one of the stock indexes failed to go higher on the close, and the NY open on the following day saw the sell-off. At that time the 10 year treasury price (not yield) shot higher off an OTE in intraday trading (forexpros charts), which suggests dollar strength follows bond price not yields.

    Cheers
    Ali
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  7. #427
    Sageone is offline Junior Member
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    Quote Originally Posted by StephA View Post
    Took a -2% loss on the cable today during London Open on the following trade:

    - Shorted at 1.5889
    - LO kill zone
    - 1hr OTE
    - Sell Zone
    - S/R Level
    - 4hr market flow bearish
    Took the same trade only at 1.59 level. Still got stopped out. However, as a consolation snagged 30 pips from Fiber. Still down for the day.

  8. #428
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    Bones123 is offline Junior Member
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    Quote Originally Posted by Alishijo View Post
    Is anyone else as confused as I am with ICT's link to the article on Treasuries and FX? Here is the screenshot from ICT's original teachings:



    Pretty simple, right? A failure to move lower on one of the yields equates to dollar bullishness. Investors chase higher yields and money flows into the dollar.

    But then this:



    If an investor is BUYING treasuries, then they need dollars in order to do so, and this equates to 'massive strength in the USD'.

    My problem is this: Bond prices and yields have an inverse relationship. If you buy bonds, then yields decline. If you sell bonds, then yields increase.

    In my mind these two screenshots present contradictory information. ICT says buy the dollar when yields start to increase, and the article is saying buy the dollar when the bond price increases (the yields decrease).

    If anyone has any ideas on this, or can direct me to some posts documenting 'Treasury trades' with ICT analysis, then I would be grateful. I recall documenting a Euro short back in about November of last year where one of the stock indexes failed to go higher on the close, and the NY open on the following day saw the sell-off. At that time the 10 year treasury price (not yield) shot higher off an OTE in intraday trading (forexpros charts), which suggests dollar strength follows bond price not yields.

    Cheers
    Ali
    I noticed that too Ali, I figured maybe I was reading something wrong in that article or misunderstood it, but I guess I wasn't alone! I'm still sticking with what i have learned from the original videos

  9. #429
    FredFresh is offline Senior Member
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    count me in on the down day.. (down week to be exact)
    tried my luck on the fiber (short) entered a bit premature at 1.3112

    entered because: LO Killzone, OTE, USDX div, SMT div, H1 stochastic div, pivot sell zone, at SR, stopps to be gunned down south..(fiber, as a related pair seemed similar and USDX didn't complain about my idea to enter short)
    looked like pretty decent amount of confluences to me

    obviously got stopped out..
    SOMETIMES YOU WIN, AND SOMETIMES YOU LEARN.

    luckily, risk management is still proving its value once again..
    since I have a longer term bullish bias (to be honest, that sheet with the seasonal tendencies I recently digged out of my notes, might have "biased my bias")
    anyway since that short was against my bias, I decided to enter on minimized risk... PLUS after the market makers took forever to slam price down - and since I believed it to be a Judas, I got a bit skeptical and tightened my SL going towards the 10 'o clock candle..

    result: after a loss yesterday and another one today I am down 0.96% so no trouble sleeping there.. oh yes and its demo by the way
    (since I am loosing quite often I really take risk management to heart! hahaha)

    I'll stay flat at least until tomorrows LO or longer..to clear my mind

    but there is something I'd like to ask the more experienced traders, or if the chief rocker himself (ICT) is watching.. you're also very welcome to answer of course:

    we all know that SR levels are "stronger" the higher the time frame they derive from - a daily SR has a higher likely hood to hold up than a 15 minute SR..

    and I guess the same holds true with divergences? is a H4 divergence (SMT, USDX or Stochastic) "stronger" than one on the 15 minutes chart? I'd sure believe so..

    now what really interests me:
    what signal is stronger: a SMT divergence, a USDX divergence or a stochastic divergence, lets assume they are all on the same timeframes..?
    these past days I started paying attention to just that.. I believe now that a stochastic divergence seems to be the weakest signal of those 3, while USDX and SMT both seem quite strong (although today that didn't help)
    I tend to believe that SMT is the strongest divergence of the 3..
    any thoughts? advice? corrections?

    not sure if this has been discussed before and I apologize if it has.

    anyways.. lets see what the rest of the trading week has for us..
    happy hunting!

  10. #430
    CryAgony's Avatar
    CryAgony is offline Senior Member
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    Quote Originally Posted by FredFresh View Post
    now what really interests me:
    what signal is stronger: a SMT divergence, a USDX divergence or a stochastic divergence, lets assume they are all on the same timeframes..?
    these past days I started paying attention to just that.. I believe now that a stochastic divergence seems to be the weakest signal of those 3, while USDX and SMT both seem quite strong (although today that didn't help)
    I tend to believe that SMT is the strongest divergence of the 3..
    any thoughts? advice? corrections?

    not sure if this has been discussed before and I apologize if it has.

    anyways.. lets see what the rest of the trading week has for us..
    happy hunting!
    I agree stoch is the weakest of the 3. Also because it's an oscillator, while the smt and usdx divergences are foot-prints of the smart money.

    I woulnd't think in terms of "which one si the strongest" but in terms of "what signals are overlapping"

    example: if there is a ote... next to a key S/R... confirmed by stoch divergence... for me it's a go
    ote alone is not a go
    stoch alone is not a go

    Also looking for double stoch divergences works pretty well with me
    FredFresh and Flying Rhino like this.

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