Hey, does anyone have the Larry Williams AD indicator that they could share with me, please?:51:
it’s a standard indi on any MT4 platform
Chris lori webinar on now
Have been learning and reviewing videos have had many ah hah moments . Still demoing two acts. Have had some success and some losses. Overall slightly above break even. Have been learning for two years with the goal of being more active during my retirement in July of this year. I find this thread very helpful and ICT and his work is awesome. Sometimes I think I am just a slow learner but the charts are making more sense all the time. Using htf, s/r, kill zones, note, key levels as my main methods.
That pair has the exact kind of behavior WW would predict. Wandering for while in one direction then dropping suddenly. Worth watching.
Hi Roger,
Thanks for explaining how to set up ICT Overlay Chart showing two SMT in a single chart. Much appreciated.
Regards
So, my short trade got stopped out.
I got too aggressive tightening my Stops
In hindsight I should have taken partial profits, but at 0.1% draw down it’s not exactly the end of the world
Open Date 16.01.2013 15:18
Close date 17.01.2013 01:03
EURUSD Sell
Open Price 1.32970
Close Price 1.33110
Units 2000.00
Duration 9h 44m
Pips -14.0
Net Profit -2.10
Gain -0.11%
ITC tools used to confirm entry.
- MS broken upside, (buy program) HTF 4H bullish.
- OTE (Grey box)
- Reflection
- Stochastic continuation hidden divergence
- Turtle soup
and a wolf wave.
Also the longer bottom trend line is a 4H channel line. This bounce on the 15m is the 4H wave 4 going to wave 5(3rd push or drive). 540 pips.
All tools converged for a planned entry to stalk with a tight stop loss on 15m, to ride 4H wave.
Target is channel w5 on 4H chart
Damn, that is one exceptional trade! At what price did you get in?
Also, do you ever make losses?
I have an entry at 141.32 from yesterdays 4H 61.8 retracement. Skipped this trade, was tempted. Just sharing the power of WW set ups combined with ICT tools and the versatility of using WW target line for entry.
I was mostly watching in ASIA to see if yesterdays trade had a chance to stick. So this observation with the WW was purely accidental. I was watching the target line at first to see if my stops had a chance. As I saw the target line hit, ICT alarms started going off just looking at the chart. They kind of pop off the charts now without using the tools.
Yes I take losses lol, nothing is perfect in this business, 2 losses this week so far. My goal is to keep R:R above 3:1 before I jump in so the losses get absorbed pretty quickly.
Nice! I have also shifted my focus heavily to obtaining 3:1 reward to risk of late. Personally, I consider it the real “holy grail”, because of both the remarkable effect it has on developing patience and because of the massive room for error it provides you with. 3 losses for every win - I’ll take that!
Scaling out 30% at OTE.
MACD shows incredible type 1 and type 2 divergence for this channel. Same as stochastic but more obvious.
Point 3 in sights after OTE.
Damagecontrol could yoi tell me your steps on identifying wawes 1-2-3 ?
1.3370 , a nice entry to short the fiber me thinks.
GU/EU divergence, grail setup on the 1H, OTE 79% from the Sunday’s high to Wednesday low, 62% OTE on the USDx, entry is above weekly open, …
Wave 2 is the high or low.
Look left for wave 1.
If 1 to 2 is a move down, 3 must be higher, draw a line from 1 to 3, duplicate the line and place on point 2.
If 1 to 2 is a move up, 3 must be lower, draw a line from 1 to 3, duplicate the line and place on point 2.
This will be my starting point to stalk 4.
For me, wave 4 must stay in the channel for structure. Like my previous post for GBPJPY
An easy way to duplicate a line in MT4 is to select the line, hold down Ctrl+left click then drag the new copied line.
Grail set-up on H1??
Hmmm, I would stay clear of shorting fiber, but that’s me!
At least with the PPF OSC it’s showing divergence
Lower high on the EU and higher high on the PPF OSC. Granted, with the RSI 5 it’s just showing equal highs, but it’s ok for me to go short.
Also, in my view MS broke to bearish on the 15th of Jan, and we retraced to get in line with MS, so down in my opinion.
I guess we know in 30 min if I have to lick my wounds, or if I can enjoy an extra beer this weekend
I just wanted to share this little indicator which i have been looking like for ever!!! It’s absolutely amazing imo shows you amount of lots that one can take based on risk% of the account. Very helpful for good money management.
Step 1) download
Step 2) Extract the indi in to experts indicators folder
Step3) Restart mt4
Step 4) Find the indi and place it on chart
Step 5) Input your desired min stop loss in pips and max stop loss in pip
Step 6) Input desired risk % you are happy with.
I also understood one thing risking 2% is madness for me ! 1% or less from now on
StayInTrade Lot Calculator.ex4.zip (2.74 KB)
Hi Shaer,
I’m still here watching all the videos and patiently learning. Health issues keep me from actually trading but until then I read, I watch and try to look at the charts a few times a week to see how price reacts all the while waiting until I can join in.
I’ve just started to put together some rules and chart time frames for my trading plan, also trying to do a Trading Plan crib sheet much like the ICT Manual that was floating around, if I ever finish I’ll post it.
Time is on my side and I’m in no rush.
Didn’t realise I was considered a Senior Member, that made my day.