FOREX call it before it happens ? ( no hindsight ) - ICT charter student

Trading Discussion
21

I gotta say that markets are decoupled right now, so I am not marrying the idea DXY will go down for a fact, gun to my head, its going down. But if you see the indices, suggest lower prices only, that would send DXY higher like we have seen last week.

Though, we also see Gold moving same direction with DXY, which is actually opposite,

Thats why, I only focusing my attention intraday to that discount array as the draw in DXY. That enough to frame an idea & make my week. Since tomorrow is FOMC.

Lots of uncertainty & FOREX market is actually not very liquid. Attention is on Financial Indices.

22

I understand your point of view. Even if our bias is different, we can still make money with our own trades though.

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23

I agree with Dxy not being the clear at the moment. Dxy is consolidating as it is stuck between premium and discount levels on the MN and W1. On the D1 it is actually still in a consolidation as well, even though it moved cleaner than before.

24

Yes! its about making money, I agree. You dont need me or anyone to convince you otherwise, if it makes you money, who cares lol

I cant scalp for example, but you find logic in it & thats great! as long as the model works : )

Sorry I wrote this few hours ago… managed the trade & completely forgot it lol

25

Called it way before it formed. Framework visualization is key.

What was the logic? News release at 8:30 Ny time.

DXY rallied enticing traders to buy ( they don’t wanna lose the move ) stop loss would be placed in the last swing low.

At the same time GBPUSD was taking a SSL poll ( old lows ) & Fiber was trading into the OB I outlined.

High probability trade.

EURUSD_2022-02-15_13-14-19
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26

Good example of different bias, but both profitable. I was selling that Gu to the ssl :rofl:
It was a good day for catching pips. Nicely done.

27

Hahaha exactly !! I saw that IOFED in Cable forming to attack those old lows. To be honest I missed it. I expected manipulation in DXY ( retail will chase that price move ) beautiful how we all see things totally different & still works for each individual :pray:

Now week is over for me, I will study price test of week.

Good luck bro! Thanks for the feedback

28

How long does your mentorship with ICT last or is it a case of you leave when you feel ready to do so

29

Hi, it last as long as ICT has it open. You can be ready anytime but having someone guiding you for years in a long term perspective ( full calendar year ) helps in your development. In other words you kinda get use to navigate the markets the same way year after year… that’s why it’s beneficial to stay.

You can be independent & still be in the mentorship.

I hope that answer your question

30

Ah I see thank you for replying hoping to learn more about ICT concepts from his charter students .
Without asking about your course material do you use OBs or FVGs mainly

31

Sorry for the delay reply, I use Rejection blocks / OBs & FVGs.

There are many PDAs you can choose, each individual is different & will feel inclined to different model / PDAs.

Back testing, study & Practice is crucial to learn what’s the model that better suits your personality.