Thanks Rod, I’ll look into this.
Thanks for the recommendation, I’ll take a look at those. And to be clear I [B][U]won’t[/U][/B] be using them whilst driving, more inbetween journeys.
Thanks
Have a look at Teamviewer :
TeamViewer - Free Remote Control, Remote Access & Online Meetings
TeamViewer Support – Help regarding licensing and technical issues
TeamViewer user manuals and first steps – quick help!
Free for non commercial use. Can be used to remotely :
- administer unattended computers.
- access your office desktop with all of its documents and installed applications
- provide temporary support
- manage and schedule online meetings
Has other features eg Voip, VPN
You can set up your sever for remote access from almost any device (not Win Phone) eg Linux, Android, Windows, Mac, iOS, even those that do not have the Teamviewer app installed - it can be installed temporarily on the fly for temporary use as the client terminal. I’ve used it on library PCs, with no issues, to access my home server. Very simple to install and use…
Today I’ve found this iphone forex App tradeinterceptor they have apps for android as well. It has most of the function we need like draw fibs and session indicators and so on. Still playing with it so far looks great.
Dear good folk! Can anyone point me in the direction of a USDX MT4 platform from a US based broker? Not sure which ICT uses in his videos.
Thanks.
I have been studying the ICT concepts, specifically the COT reports so I’m hoping this is the right thread to ask this question.
I observed the 10yr note COT chart. We are are Net Short (Commercial). Shouldn’t we be near the high’s on the ZN price chart? Not on the lows. Am I missing something or is this a strong divergence or liquidation from commercials? Not sure how to quantify this info.
I think your problem is the scale of your two charts. The top chart is a 5 year scale and the bottom seems to begin around April/May of this year. If you look at the top chart beginning in April/May of this year they actually line up well
nice observation popinjay…your right…when I zoomed out you can see that we are trading at the upper levels of the ZN which would corroborate the net short postion for commercials. Thanks
brother Shaer,
one thing missing is a lot of bars on the chart. seek to have at least 200-300 bars, the more the better, in order to see MM profiles and longer swings. The area you marked may then appear as range. as to when structure changes i noticed a bit of difference in trading styles, i believe the webinar definition is the breaking of intermediate swing point, high or low.
cheers and good trading
Fiber is at a Resistance level currently. I found this as a possible hint to where it may be heading. What do you think?
[U][/U]4hour time frames and an ote at 62% retracement really helps pin point some really sweet trades and some really good swing trades!!
Thank you ICT - I didn’t think swing trading was for me but I’ve almost totally reconsidered!!
To any newbie like myself - please do yourselves a favor and study the 4hour time frames and don’t worry about time of day - just look at a 62% fib retracement from the previous swing low or swing high and you can see there’s probably some serious quick price action going on. We can use the fib to predict where future prices will go [U]and run[/U] (50% - 100%) as well as ICT teaches also. In my humble opinion the charts are just [U][B]fibs within fibs[/B][/U] and if we can set up our fibs correctly with higher time frames support and resistance, then a bias - then when we’re in front of our killzones - KABOOM !! One shot one kill!!
For example currently, Dec 17, 2012 the eur/usd is at a high/resistance line made near sept 2012
I know most on this forum knows this, just trying to help the few newbies as myself
If you take a 4hr chart and take the current high to the previous swing low you can reach at 62% retracement level to sell at 1.31290
If the trade goes in my direction I would take a portion of my trade off at 50% or 20pips , move my stop limit and hope it reaches lower levels off retracement. If it gets near 100% retracement, close my trade.
Please go back and [U]study[/U] how this method could have been effective week after week. Granted, its boring, but in my opinion and my studies from ICT’s material and the charts its awesome. The only catch that I’ve seen is that as price hits the 62% retacement level, I’d probably have to get in with a 5min chart because its moving fast or have a market order already in place - I guess that’s when everyone knows in which direction its going - as ICT teaches. These type of trades can net 20-100 pips if done correctly and remember, ICT showed us 20 pips a week in 10 years turn into… $1,000,000 :57:
Thank you ICT - still learning and your the best - thanks again :57:
ICT you’re such a genius yet I’ve been so silly - you make it so simple - [U]OPTIMAL[/U] trade entry - is simply just a 62% retracement from one swing high or low to the previous swing high or low - and pretty much flawless - on a 4hr time frame (with key support and resistance) - one word - WOW
yea, I had the same question, but later found that 4hr market structure did not break, so it’s Market structure still bullish and he took the OTE in 5 m chart with the latest swing in NYO.
With Christmas coming, it wont get very far, but it’s looking pretty bullish for the Spring I think.
Have you been trading ICT long? I can see you have done at least some decent research.
DGB, how do you get the interest rate charts. I have been trying to find a free service. Do you know of any?
thanks
In order:
US Yields , UK Yields, German Yields , all for 5 years. Just replace the 5 in the URL with 2, 10 or 30 for different periods
bloomberg.com/quote/USGG5YR:IND/chart
Can someone help me with a question please? I believe ICT said on a retracement, if the figure has broken the 50% retracement its going to touch or come within a few pips from a full retracement almost everytime? Can someone confirm that to be true or not, thanks in advance. The reason that I’m asking is because I just noticed on a monthly chart, the eur/usd pair is retracing from 1.3470 and we may see higher lows. Thanks in advance.
The number is 90% of the retracement and that is relative to where you entered the trade. For example, opening your trade at the OTE sweet spot of 70.5%. If the trade moves against you you should start closing a portion of your postion around the 90% level as its more than likely you are wrong. Typically, your stop loss will be placed at least 10 pips away from the 100% retracement level. This gives price enough room to maneuver, but if you dont get a nice rejection at your entry point, you could be wrong… (ideally, the 100% level will hold, maintaining market structure, if you’ve drawn your fib between key swing points and not just some random point).
EDIT: Also, take a look at the “Inside The Range” webinar, it contains some very useful insight into Fibs and retracement levels and what you should be looking for.
Thanks Jonnycab, I guess what I meant to ask was if you enter into an ote at 70% and price is going into the direction that you want it to. I believe ICT said that if it goes below 62% its going to reach 50%, and it may resist at the 50% retracement level and form a new high or low or reverse or continue going in the same direction as the trade. My question is, I think he said if price (assuming we’re shorting here) goes below 50% retracement it would definitely get to the 100% retracement levels or very close to it (basically blowing past the 38% retracement level to full retracement). Do you know that to be true? Just double checking - thanks
Also where can I find the “inside the range webinar” thanks in advance
Ah OK, I see what you mean now. As for hard and fast rules/assumptions on the levels, ask yourself one question, does it fall inline with a previous Support & Resistance level. If it does, then you’re likely to get a bounce. Keep the higher timeframe support and resistance levels at the forefront of your trading, especially when trying to determine price level objectives. S&R trumps everything :). Combine this with market structure and you’ll be onto a winner. Its “simple” when you see it, but one of the most powerful tools I’ve discovered how to use thanks to ICT, it also helps to confirm that you’re on the winning side of the trade (even if you get a bounce in the opposite direction, but MS is maintained…)
Awesome - thanks Jonnycab!