Hey Dan,
You can find it on the first page of Inner Circle Traders Millionaires Guild Thread, its about halfway down the page.
Hey Dan,
You can find it on the first page of Inner Circle Traders Millionaires Guild Thread, its about halfway down the page.
Not bashing your trade or anything, but just as a matter of interest, why did you mark the central pivot as a reason to enter?
I was thinking the same thing. Missed my entry on the AR low.
Are CPP. with confluence, useful as an entry point?
Under normal circumstances it wouldnât be, because itâs neither in the buy or the sell zone, and today it is in line with the Asian session high, retracing there after a Judas swing upwards⌠Doesnât look ideal for a buy, but stranger things have happened!
Hi PureMuscle, well i basically used it as a S/R point if it stacks with other S/Rs. In this case, the AZN range high + Previous Significant Support level and OTE. Not sure if its the right way though⌠always thought CPP can be used as a s/r level hahaâŚ
Haha bro of course it can be used Itâs there to be bounced off of I was just asking because it wasnât looking like a typical London Open buy day. If you wanted perfect confluences you wouldâve rather bought price below the CPP (in the buy zone) and below the Asian range high.
But regardless, the trade pulled in an easy 30 pips, so congrats
Thanks PM for the comment, yea thinking back, that might not be the highest probability trade to be made. could have gone wrong lolâŚ
this endless 30-60 range in cable, looks like a Super-Asian range. if days had 60 hours then it would be. these silly banks:rolleyes:⌠i wonder could a super range cause a Super Judas?
ICT,
With all the correlations in the markets, did you ever consider using the VIX index?
$VIX | Index Price Chart for CBOE Volatility Index
Because this index gives a view of the âfearâ in the market, I think it should be correlated with the USDX index. More fear=move to safe haven USD, EUR/GBP will go down.
You can see clear divergences when plotting both the VIX and USD on a chart. For instance, on the above link, I could see divergences on 30st of March, 3rd of July, top of 24th of July, ⌠which seems to correspond wth a nice move in the EUR pair for example.
Can we add this index also to our tools of divergence checks, or did you find this - with all your years of Wisdom - not te be very useful/exact/⌠?
Oh and btw, weâre almost one month in PTC, so a status update is due
2011: trading without any knowledge and ICT: total armageddon
feb 2012-sep 2012: discovery of ICT material: 3% gain overall during this period:
sep 2012-oct 2012: PTC and Trading Plan Development with better understanding of the correlated markets + apply of the tools learned: 12% gain of the account during this month alone.
So kudos to you for all your hard work and dedication to this community!
After watching ICTâs latest PTC video I have begun plotting the SMT Divergence running into the AR, especially on H1
Seems very indcative which pair the the best the go Long on, provided that one gets the bias correct from the LT TFs.
very interesting. especially that it has potential for such an early signal
You have made some SMT div indi???
I was thinking to do something like that also⌠but still havenât time to sit and write the code:(
Just eyeballs
Can you make a divergence indicator? Iâm not a programmer but Iâve gone over the basics of c and c++ I wasnât sure how to without continually updating the swing highs and lows. Iâve been wanting an ea that trades the figure bounce and uses SMT to confirm.
EDIT: iPhone autocorrect issues
All that Iâm currently doing is arbitarily comparing the NY Close high and low to the AR Open high and low. ie set times to check for divergence. Going back over the last week it seems indicative, although still early days and is not trend indicative.
Today it indicates that the Fiber is (relatively) more Bearish than the Cable or that the Cable is more Bullish than the Fiber. Pick your poison. :60:
The fibre does have a bit of a âcleanâ support at the 1.2875 and thereâs a 4HR OTE Swing resting just beneath so will it get raided at some pointâŚ? Market Flow pierced HHâs yesterday and there is currently SMT between the Cable and Fibre pairs on the 4HRâŚhmmmmm.
I just put in a Limit sell order for the 70% level ad fiber, and hope/belive the new yourk session wil take it down im on a tottaly 1% risk since i lost 2% yesterday:/ and are taking half of at 20pips and the next half of at 60pipsâŚ
Okay, so I feel lucky somehow, I got it right, but my entry missed by 3.5pips but I cant help feeling about how good it would feel to actually hit it, especially after my loss yesterday Oh well, new day tomorow, by limit order is deletedâŚ
watching cable⌠bored out of my mindâŚ
Likewise, extreme tedium. 1.2895 Long on the Fiber is looking tempting, but that makes me nervous while weâre in this current S&D marketâŚ
Flat all week so far, probably just sit this week outâŚ
2 weeks flat for meâŚ
ICT has turned me from an inpatient brat into a freaking Zen Master in less than a year!