Taking a look.
Hopefully I am not coming off as trying to come off as posting with authority. Trying to learn by posting.
Taking a look.
Hopefully I am not coming off as trying to come off as posting with authority. Trying to learn by posting.
Of course not. One of the most frustrating things about studying ICT’s material is it is so spread out over the past year or two that he has been posting.
Go for it, show’s confidence, and confidence is good.
That’s what I’m trying to do mostly on my site, a kind of index, catalog, a structure, unfortunately by the time I get round to doing what I want to do with it, you’ll be too experienced to make use of it, still be handy for reference though I hope.
EDIT: Actually come to think of it, it’s handy for me:) if only as a glorified bookmarker.
That sounds great.
You’re doing great
It was just an observation from my side, and I just started to integrate these concepts into my trading.
This together with the weekly range and pick top/bottom on tue/wed just fuelled my account.
I agree with you, it was really helpful to watch ICT trade live. Wish he could do it more often and give us more examples if possible. I just want to learn to see how he goes about doing his business in real world. Although saying all this he did mention that in 2013 he will be doing live events , not 100% sure what they will be all about, but i think ICT has a grand plan for it all, maybe something like when he was trading in 1991 if memory serves me correct, but only a guess… who knows exempt ICT him self.
ICT this a question that i keep on seeing pop up and think a lot of people are unsure including me the market structure concept and how it is applied in real trading environment?
With Market flow as i understand it all we are looking for is a break of most recent fractal.
Market Structure is alluring me a little i will refer to the trade that you posted last night. You took the trade based on the fact that we broke the structure when price went above that first small bounce of the 1.6000 big fig. That was a confirmation to you that if price comes back in to ote area it is a anticipated pull-back to continue higher because ShortTerm M.S. is Bullish after the swing high of the big fig was broken. I hope i understand this correctly.
You where talking about this very same thing when you took the Aud/USD trade.
1)You identified a KEY S/R line
2)You anticipated a price reaction
3)Price bounced at key level rallied creating point 3 and came back for retest
4)Price bounced again breaking point 1 (see pic
5)why not take the retrace when price broke past point 1, it did give a nice ote?
5)You patently waited for it to do it’d thing and sure enough price heads north breaking point 2 and if i am not mistaken you took the trade when it came back in to ote( because MS turned Bullish ? Am i correct in my reasoning?
The point 3 was mentioned in webinar several times and it was the turning like a key point that need to be broken.
The reason i brought this all up is when does MS turn bullish in that example at point 1,2 or 3? and why.
Hope you can find the time to address this topic time permitting…
Thanks for reading
I’m waiting for it to go to 1.2960 and then shorting for at least a 150 pip fall. I only trade off the daily but hit target of at least 5 confluence points:
Yep - I’m compiling a catalogue of all his untitled videos, almost finished, means going through them - you would not believe the amount I have learned in doing this excercise, every time I re-visit a video there is something else there I missed.
Will post the log when finished.
Okay, I’ll go back through Peterma’s list.
But this is what I found, but I’m still confused:
In the screen shot, the green rings are each a Larry Williams special 3 candle pattern - 1 lower high on either side. The blue are when there are classic fractals, 5 candle patterns - 2 lower highs on either side.
ICT trade plan part 6 at minutes 29-38 talks about flow and structure. 35:20 says if an intermediate term H or L is broken (blue), market structure is broken and the market has changed from bearish to bullish (in his example). But he also says that the break of 9 and 10 is a market structure break, and this is the exact thing he traded in his last video, posted 11/26/12. He saw this 9,10,6 pattern on the 15m and used it to trade off the big figure live as a buy. That has me confused - is market flow a break in green 3-candle rings or blue 5 candle fractals? Also, according to these rules, intermediate term high #5 doesn’t qualify as intermediate and should be a short term high.
Classic market flow change: a fractal high or low is broken
According to the video (trade plan part 6 at 35:40), ICT market flow change: When a 3 candle pattern H or L is broken. He calls these ring highs and says it is a 3 bar pattern. In the screen shot, that is the 9 and 10 rings. But at 34:25 he calls this exact thing a break in market structure…
ICT Market structure change: a break in the intermediate H or L. 35:20 of trade plan 6
This is the definition below of the long and intermediate term highs and this definition got a “like” by ICT.
So below is an explanation of the screen shot according to the written rules that ICT “liked”.
This is a screen shot which has numbers I’ve added (and some spelling errors, sorry). 9 and 10 is where market flow is now bullish (he says it is market structure in the video, maybe he misspoke?) and we are looking to get long at 11 - a bounce off that consolidation - and if you look at it carefully, it is the market maker buy mode (no accident, I’m sure). 7 taking out 5 has now changed market structure to bullish. Flow changes first, structure second. We’re in a buy program now after 7. We are stalking the OTE of 8 to get long. See how flow is down to 8? Had 7 not cleared 5, structure would still be down, even though flow is up.
This seems like a great tool to know which market maker model be looking for, buy or sell, regardless of time frame. This would allow you to anticipate buying at point 8, also a Tuesday London open and low of the week, for an explosive profits week.
Great post Vinster.
I’m going over your post and watching some of the videos peterma posted.
Peterma, you’re my hero.
[video=youtube_share;vRSuhqYl_g0]http://youtu.be/vRSuhqYl_g0[/video]
In keeping with the Photoshop series… We discussed the potential to sell off in both Cable and Fiber Tuesday and Wednesday… with USDX bouncing at predetermined 80.00 support. Voila…
PS: I overslept for LO :24:
[B]GLGT[/B] :57:
Now I see what I didn’t understand about the EUR/USD and GBP/USD becoming bearish today and the next few days. DXY bouncing off 80 and going higher. Ugh.
I keep going back to Inside the Range Webinar, for a newbie, after many views it may have finally payed off, things are clicking. Looking for long term trades, and getting in sync, this webinar in my opinion lays it all out there for the long term.
Anticipating a short after reviewing the weekly range OTE I drilled down to the daily showing a possible swing with rejection near the 162 extension as reflection, then I used the NY kill zone for OTE to short, to the pip. London posted a high as a Judas in OTE confirming the possible daily swing setting up.
I went with EURJPY based on multiple confluences and a nice first target objective.
The last daily run up paused in the middle out of consolidation setting up a possible MMP sell model targeting the lows near the aqua OTE.
I mapped out the daily using only OTE’s to anticipate for any bounces as objectives.
I have found my trading plan/style :53:
So if you were a wake during LO and entered, you would be basically throwing Market Structure and Flow out the window??? Only keying off Resistance, but the other day you said wait for price to hit the level and then Market Structure breaks, then OTE for entry…?
How did you know to use this swing for NYO and not from the 3000 level or yesterday’s high???
Does he said support and resistance trump market structure or flow? Or vice versa? I can’t remember.
Yes, but sometimes he wait for Market Structure to break down, other times he just trades off the key level, other time he just traded because he had a gut feeling if this point broke we would head down, other times he puts on a blindfold and just enters…The problem is we don’t have that gut instinct…
but yet some how it was Voila Easy Trade…???
I’m with you piphanger I have the same feeling like he does it but I can’t. (Right now) I’m not disheartened or giving up tho. But maybe it’s good to kno others feel that way.
lol (hmm need at least 10 characters to post)