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.
- Intermediate Term Low (ITL) - STL that has higher STL on both sides
- Intermediate Term High (ITH) - STH that has lower STH on both sides
- Long-Term High (LTH) - ITH that has lower ITH on both sides
- Long-Term Low (LTL) - ITL that has higher ITL on both sides
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)
PH
Stop for a moment and consider the previous post you just made. It had wonderful advice. Recall as well the various approaches we covered in these threads. We have climax reversals, trend following, breakouts… all with different components to build a Trade idea on.
If I was awake I would have traded the OTE off the Reflection at the level we had noted in advance. We established in Chat last night that Tuesday and Wednesday would likely be a selling opportunity presented.
So while it could be safer and thus more prudent for developing Traders to wait and see MS breakdown before shorting… I do not require this all the time… but this is my experience not invitation to do it all the time to those who reader and watch our material.
The Trading the NYO video outlines precisely what I traded off of today. I am very tired and missed a good opportunity to cover at +40 pips… but I didn’t. Why? I am making Trade videos for those who want to see Live Trades and no hindsight comments on moves others think I PhotoShop results on. While I am in this Trade I am refraining from analysis as it will no doubt take me out of the Trade one way or the other counter my plan. I will review it when it is collapsed. I’m giving others what they asked for in Trades… let me get through this set and we’ll return to more analysis based videos.
[B]GLGT[/B] :57:
I just think Michael makes it out to be very subjective. He gives a lot of freedom to us. Doesn’t say here’s the rules use this. But let’s us decide. Harder on less experienced traders. But we ll get there
Actually I am liking these videos, but just remember you are opening up a HUGH can of questions…I like seeing where you traded at, how you entered…I think of a lot more questions this way also then the other videos…
Maybe he’s the guy in new market wizards that uses the strategy. When I felt it wasn’t going lower i bought and when I thought that’s gone up enoug time to sell lol
ICT, just a suggestion…Can you make some videos that show your Limit Order as early as possible.
I remember you stating when you started you looked at the charts at midnight had your levels set, figured out where your entry was going to be and set your limit order…Most of the orders I see you taking are Market Orders…It’s kind of disheartening when I have a day job and would like to place market orders before hand…?
Babypips must be doing some website construction… I am not able to post a chart… Twitter here it comes
All the effort you are putting out is tremendously appreciated by me. Your videos are beyond anything else I’ve watched - both for pay and free on the Forex market and trading.
ICT, I echo everything RC said. Thank you for all the time and effort you put into mentoring us.
I myself have worked in middle office investments over the past five years for some of the largest investment institutions and hedge funds in the world and I can tell you that I’ve learned more from your material over the past 2 months then my whole five years in the business. Thank you again……