No, I’ve been long since yesterday New York, I still have a portion of my trade on.
Double Tap, is when you put 2 trades on at the same time, it does 2 things, makes it easy for you to close half your position, and from that, you are so much less tempted to leave it all on and watch it get back to BE.
looking for 2 possible scenarios right now/tomorrow.
Tuesday Weekly High Low is out of the scope of what I’m aiming for, Fibs of course yes, so 2. Fibs/OTE
I don’t know about Zew, Pew or waht ever esle we call it. Market moves news or no news and this has been illustrated on a monday few weeks back where no news what so ever was scheduled.
I watched Chris Loris Webinar inside the banks and
i gathered that interest rates are market movers, since interest rates are in a way are a barometer of a countries economy thats the one i pay attention to.
Or maybe i just did not understand any of it and just come away with the wrong impression.
As ICT says News are fuel for trades:D
Great idea ppf - those top 5 cover 80% of my trading anyway! I’d maybe add one more comment - be [B]‘professional’[/B] - namely have a[B] Plan[/B] be [B]Patient[/B] and [B]Discipline[/B] yourself to only trade your plan (based on the top 5 mentioned) 'cos this stuff works!
Yes, one to look out for most definite, confluence with Asian High of Last Friday and precious resistance now expected to be support.
Not sure about any hovering, often when you get that much of a push, the SM just wants to run with it and leave all behind.
Could be Phew I made more money 
Did you use 0050 entry or asia low turtle stew?
Loris Global Fundamentals is also worth a watch. ‘News’ does move markets and I sometimes wonder which is the tail and which the dog. The way I factor news into my trading is to make sure I have the my trade action levels set basically on what ppf noted as the top 5 but always know exactly what news is out and when and think through the potential scenarios when you’re triggering trades. Its much tougher (I think) to trade on fundamentals intraday but certainly on a weekly timeframe it helps to keep in mind whats just gone and whats coming up - hence my ealier posting about FOMC tomorrow.
Hi all. Could someone please direct me to the video/post regarding “Kill Zones” “Double Tap” and “Reflections”. I’ve looked through ICT’s videos and I don’t see any titled with such names and pardon my laziness but I don’t want to go digging through 345 pages worth of posts.
Just start by going through everything on the first post of the Aspiring Trader thread.
market structure!
Is the double tap not more of a confirmation?
For example, we’re stalking price level A (OTE sweet spot on a higher time frame), price hits A and begins to retrace, we wait for price to hit A again before opening our position, or, we wait for another OTE to form between price level A and the high/low of the smaller retracement.
The Cable had a great example of this yesterday. We rallied right up into that OTE sweet spot (around 13:45) for the current range we’re working within, and then on the 5M (even on the 15M, but harder to see) we had confirmation with the OTE sweet spot getting tagged at 14:50 @ 1.6093 or thereabouts for a short after the small retracement, rally back up, then drop off. So, using that 1H chart, then down to the 5M for confirmation/fine tuning the entry point.
I think your list of 5 is a pretty good start and if you have those trading methods down then there isnt much that will stop you from making some great profits (i love market structure too, but not an easy thing to grasp initially!).
Asian session of course too, crucial.
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As TopFroxx mentioned, Market structure!
Add basic market structure too. You need to know which direction to trade in
hi peterma, what settings do you have on the ADR? 'm trying to figure this indicator, with default setup neither side was touched… or maybe is it the feed?
thank you
in the fib chapter - extensions, to have an idea of reaction points and exits
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Babypip007
As others have said the key is HTF SR
I would not blindly take that OTE trade, unless there was a higher TF SR or a HTF OTE, supporting the original hi
Many times, you will see an OTE on a higher TF, with a nesting OTE within that structure
The best way to sort out what works and what doesnt is to look at successful OTEs at tops or bottoms and identify the factors that may have caused that
Dont know whether that helps, but unfortunately, chart time is the only thing that will help you sort out high prob entries