What Every New & Or Aspiring Forex Trader... Still Wants To Know

[akeakamai]

OK, now that I have shaken off my dumb-ass early Monday mind (Monday Pivots are calculated from Thursday Midnight to Sunday Midnight, right? I think ICT said Friday midnight which confused me into believing my Pivots should be based on those Sunday ones alone!) I think I can answer your question, hellogoodbye201.

It is in the thread somewhere, but I can't seem to find it either. ICT said midnight to 4am EST would make the high or low of the day 9 times out of 10. I decided to back test this rule and found it to be a little less accurate in January, but spot on the money if you extended the parameters to 5am EST. I also tested for a random month last summer, and overall I came to the conclusion that 'The high for the day is made within the 5 hours from midnight EST to 5am EST 75% of the time'. Hope this helps. EDIT: Found it! Page 39, Post #388 was my original post...you will find ICT's reply and other info. around that area. Sorry I can't help with the video link.

What about if that low was broken, but not by more than 10pips, in which you could theoretically still be in on a trade even though the market makes a new high/low, assuming you're using the 10+ rule on your optimal trade entries...

[ukdave]

Curious as to where most of you are... please sound off.

Right now still battling with my overtrading demons! Getting there though... when I hold back and only hit on what I see as high probability trades, the results speak for themselves. Like last week, I made five trades, won four and came in 140 pips up. So very happy with the way things are going overall.

What are you searching for... "right now"?

Just more time and practice. Further development of good old patience and discipline. :-) The only thing that's holding me back is myself, not lack of tools. If you stopped this thread exactly where it is now, I'm convinced that there's more than enough here to create consistent profitability (if applied properly).

Great video by the way. Got a lot out of that one.

[georgewhite]

''As for directional bias... I have a couple of tips for you on the next PTC installment. How would you like to know with pretty good odds what the Low or High of the day will be before the European Session even opens? How's that for tips?
Stay tuned folks... we're entering the "Elite Zone" lol''

pls let it rain on us also how we could take full advantage of it, sure we talk probabilities :-)

pls anybody can tell me how to do the quoting with the blue square and quotes?
what does PTC installment stands for?
thx to anybody who will shed the light on that :-)))

[coxsonne]

What do you mean by "proofed"?...like a strategic stop placement? My stop is 30 pips above at 1.6330 which is above the institutional 20.

Sweet Pip, they are stone walling the offers up there @1.6270 with their stops further up.

Just be careful. :-)

[ukdave]

pls anybody can tell me how to do the quoting with the blue square and quotes?
what does PTC installment stands for?
thx to anybody who will shed the light on that :-)))

Hi George

See at the bottom of every post, on the right of that grey band, there's 'Reply With Quote'? Just click on that.

PTC = Pro Traders Club.

[Alishijo]

''As for directional bias... I have a couple of tips for you on the next PTC installment. How would you like to know with pretty good odds what the Low or High of the day will be before the European Session even opens? How's that for tips?
Stay tuned folks... we're entering the "Elite Zone" lol''

pls let it rain on us also how we could take full advantage of it, sure we talk probabilities :-)

pls anybody can tell me how to do the quoting with the blue square and quotes?
what does PTC installment stands for?
thx to anybody who will shed the light on that :-)))

It's easy georgewhite, under the message you want to quote it says 'Reply' and 'Reply with quote'. Hit 'Reply with quote' and write what you want to write after the last [/QUOTE] mark.

PTC stands for Pro Traders Club and he is referring to the PTC video update at the bottom of the first screen.

[georgewhite]

I would take 30% off at 30 pips... 30% at 100% of the swing your Fib is drawn from... and let the remaining ride for the 127% split the rest at 127% and "reach" for the 162% with a stop just under 127%.... that's one way of skinning that cat.


As for directional bias... I have a couple of tips for you on the next PTC installment. How would you like to know with pretty good odds what the Low or High of the day will be before the European Session even opens? How's that for tips?

Stay tuned folks... we're entering the "Elite Zone" lol




~
GLGT

It's easy georgewhite, under the message you want to quote it says 'Reply' and 'Reply with quote'. Hit 'Reply with quote' and write what you want to write after the last

mark.

PTC stands for Pro Traders Club and he is referring to the PTC video update at the bottom of the first screen.[/QUOTE]


thx UKdave and alishijo, was playing with it before, prob my brain kept farting at me

[shandy]

Hi ICT, does the chat room on your blog ever / still get used? Would be good to talk in real time to folks about whats going on on the charts, but never seems to be anyone in there.

[shandy]

Observed the following possible trade, but don't know whether it would count as a valid ICT setup as was against the 4hr and 1day flow (currently up), although price had broken an intermediate low on the 1hr chart so perhaps would be counted as a scalp opportunity whilst waiting for a potential long in line with the higher timeframe flows? My thinking was:

1) Price had broken the Asian session low and then retraced.
2) Price retraced to in between the 61.8 and 72.6 levels - so Optimal Entry territory after the breakout.
3 Price in the Sell Zone i.e. above the Pivot.

Overall not a great deal of confluences, however I've often observed that price will continue in the direction of the Asian session break - not always of course, but often (Often enough is the question I guess?). Based on this, the trade would have had round about a 10 pip stop, with the 1.27 extension, 50% of Fridays extremes, 1.62 figure all round 30 pips away, so a good 1:3 trade.

Question is, would this have been considered a valid trade?

[Jaroon]

After one months live trading today is the first day I haven't pulled the trigger (yet).

I'm looking at a long G/U.

I'm watching the 1.62 (institutional), current 4hr up (just) and buy zone but with no US action I might just sit out as an exercise in er... Not Massively Over Trading as usual!