The most recent video on the subject at 12.30 mins sums it up well - ICT also says he will go into detail in part 7 TPDS - coming soon.
Hello Simr,
Iâm not an expert yetâŚ
But this is how I see Market StructureâŚ( donât know if Iâm right )!
Aussie 1H TF
Aussie 1H TF
Kiwi 1H TF
velho2008 explained it very nicely too, on a macro level, which is definitely what you should be looking for. That is one serious pip haul! Congrats velho2008!!
ICT explains it best in his videos, but here is my take on why I took the trades I did today based on Market Structure: (this is more of an intraday perspective)
So, Sunday night analysis, what are our options?
So, with that, we had a massive run up during the Asian session. We blasted through that key level 1.3020 and ultimately took out the high from Friday.
On the USDX, this translated to the support level of 80.00 being broken rather impressively. I think this 80.00 level corresponded quite nicely with the 1.3020 level (the OTE level from the largest down swing on the Fiber from September - November).
This was the level I was monitoring (1.3020). I was expecting this level to provide support, in the same way the 80.00 level would provide resistance on the USDX.
So during the London Open, we went down to retest it and then shot up. Where did we go? Right above (by a few pips - remember, thats all it takes!) the high formed in Asia.
This is when I started hunting for a Long, hopefully during the NYO killzone. I took the trade just outside the killzone, but not by much.
We started pushing higher, and once we broke the London Open high, I was watching for any retracements from that low formed around 1.3020 to the newest high that formed on the 12:45 candlestick.
Another entry, just outside of the NYO killzone on the 14:15 candlestick. I used the OTE of 1.3036. Good for another 30 pips. I closed both around the 1.3065/70 level, this seemed to be the next level of resistance on the USDX, which was around 79.80 (institutional level).
Im not sure if this is making it any clearer or just clouding the issue!
I would also appreciate feedback on these, as I said before, I think if you really get this Market Structure stuff in combination with the Market Maker Profile patterns, you will have some serious high probability trades that work in your favour! Iâve still got a long way to go, but Im definitely seeing the importance of this stuff more and more, so feedback would be welcomed
Thank you guys, its a big help I was thinking were specifically it turns etc, every single turns seems to change the market structure the other way:P
But after reading your posts, and taking the swings and (Williams) Fractals a little less seriously, and doing what ICT suggest, zooms out and look at the swings from a bigger perspective, it may not be as excact as you would want it to be, but I guess its the only way to do itâŚ
Anyway, thanks guys, big help
Thanks Jonny you made a nice work today as wellâŚ
I agree with all you said in your last postâŚBut, as time passes, ICT says that this is just one side of the âIcebergââŚICT still have some nuggets to releaseâŚ
Just cant wait for the next vidsâŚ
JC, This is the way I saw things also, I took the NYO at 3040 and closed everything at 3070. Congrats to me and you:)
I just want to be sure that you know that a âFractalâ by ICT meanings itâs different from Williams FratalsâŚ
Thanks for checking up on me, My understanding that ICT uses a 3-bar High, while Williams uses a 5-bar high
Great post jonnycab.
You did almost exactly what I was trying to do earlier this morning.
I see the dollar index has bounced off the 79.800 level three times now:
YesâŚthatâs for the swing high/low⌠and a Fractal itâs another thingâŚ
A âFractalâ is when you see the same thing on every Time FrameâŚ
Thanks! Its really quite amazing to see these things unfold in real time while youâre in a trade. A very useful concept to confirm the validity of the trade!
Knock, knock, its the 79.70/79.50 level calling
That is something I still donât understand from watching the latest ICT video. Do those targets come from just being the next natural big figure targets below the current price since it appears to be trending down?
Edit:
I watched last nightâs video again and now see:
the 79.70 level is a previous S/R, and the 79.50 level is the mid fig level. If you look at the 4 HR and Daily charts of the USDX, the 79.70 level can be seen prettly clearly at several points to the left.
I would like to see a Bullish DollarâŚ
and the Commercials adding more shortsâŚ
Could be a correctionâŚsoon or laterâŚ
What do you think?
(Any comment would be appreciated)
Its getting near that time again I think (for a correction).
Weâve been working the key OTE levels for a while now (from the 23rd November.)
Iâll be watching the higher time frames for a significant break in MS to confirm a push downwards. One thing is for sure, I wont be rushing into any trades in the hope that they will be âthe monster move downâ (unless we have higher TF confirmation).
Im trying to avoid the situation where âI think we are due for a push down, so lets all start looking for shorts because I have a feeling weâre moving lowerâŚâ
It reminds me of the 1.2040 levels getting tagged back in July, everywhere you looked and on a lot of forums, everyone was so bearish on the Euro (except for the guys following ICTs work :D) and look where it ended up
Ultimately Iâve got no idea where it will end up, but I do know the material weâve all been learning in this thread (and other threads) will provide the necessary insight to help make those decisions.
I was thinking about making a similar post, as that is also very similar to the way I interpret Market Structure ie the establishment of an Intermediate Swing Point and the subsequent breaking of Market Flow in the opposite direction.
Larry Williams uses a Three Bar. He introduced it to ICT
Bill Williams uses a Five Bar, termed (incorrectly imho) a Fractal in MT4
Finally hit my 20 pips (70% closed) and at B/E now lol⌠The goat was busy yesterday, anyone trying to get short yesterday was stopped out over and over. Got a good entry in OTE with 30 pip stop. The Partial might be a victim today.
Confirmed daily swing high, the only untested pockets remaining in this range are Fridays High, the NY High and the London low which is close to Thursdays high (thick pocket of trailing stops as sell orders to fuel the fire)
Since there is a daily swing, looking up first (without taking out Fridays High) to go down. If it keeps going down, partial order is active.
Getting hooked on Kill Zone trades.
That use(misuse) of the term âfractalâ drives me nuts. Absolutely minor, but easily the single most annoying thing in all of Forex trading for me.