The Euro dollar Index (EURX) is a measure of the value of the Euro compared a basket of foreign currencies. It is a weighted mean of the dollar’s value compared to
USD, 31.5%, JPY 18.9%, GBP, 30.5%, SEK, 7.9% and CHF 11.2% weight
Can anyone tell me what ICT’s asian range indi should be set to??
I’ve seen in some videos he uses 0:00 GMT to 0:500 GMT,is this correct still or is it 0:00 to 0:800?
In the videos he uses 0:00 GMT - 5:00 GMT.
GMT
0:00 -> 5:00 AR
8:00 is LO (unless DST)
LOKZ 7:00->9:00
If you have time, check out his “What Every New & Or Aspiring Forex Trader… Still Wants To Know” thread. There are videos that detail time frames that will be important to everyone’s trading.
Thanks elephant…will take a look…
Here’s my MyFxBook link.
Starting balance, £3500 and I’m aiming for £10000 by the end of the year.
Going to try and trade a little less than I have been been and also keep my risk to a maximum of 3%. Not used this before but seems a pretty good way to view your habitual trading patterns.
:57:
Good luck. Agree with you regarding the feedback you get from the site, automatic journaling is certainly appealing. Might give it a go myself although don’t think I am brave enough at the moment 
Thanks Mark, the public listing is more to try and break bad habits of risk exposure. I’ve been pretty lucky up until now trading with a higher risk but now the account is at a level where I wouldn’t want to take a 10% hit on it. I’ll lay my trading plan and rules out on there when I get a chance.
Give it a go, just keep it private for now… Good luck…
TommyL good luck, ill be following your success cuz right to this point i saw your analysis as very good one 
Good luck with it Tommy. I hope it goes well for you. 250% gain in a year can mean that you can cut back on frequency and look for the higher probability/pure setups
Thanks Peeps, that’s the plan, one shot one kill, maybe a few scalps!
Stalk it from a distance, dial in that scope and BAM. Nailed it
Does anyone trade long term in here? IE - using the COT reports. I’ve not traded longer time frames before but have been looking at the COTs the past 3 weeks after signing up for a service.
Just before the end of last year the USD was at it’s highest net long position in over 12 months which also compared with previous extremes over the past 5 years. Looking at the Euro data, the commercials are at there largest net short position in 18 months, although still a way off there extreme net short of the past 5 years.
Does this suggest that in the coming weeks we are maybe looking for the EUR/USD to potentially make a top and reverse it’s current trend.
I won’t be trading in this direction immediately until the MS breaks down but it is something I will be looking at over the coming weeks.
I was just interested to hear what other people who look at these reports were seeing. I’d be particularly interested in anyone who has open interest volume too as the charting service I use doesn’t have this on the same chart.
Hi, I am looking at this myself. I am working from Part 6 of the trading plan where barcharts.com and bloomberg are highlighted as free services for the charts with open interest. These are both free.
From my very basic understanding (at the moment) I agree with you. The COT on EURX suggests the commercials are reducing their longs and moving into short territory for the first time in 12 months. The equivalent USDX COT report supports this as the commercials are moving to net long. Further, the Williams %R on the EURX is overbrought whereas the USDX is in the fair value region.
The seasonal tendancy suggests a low could be formed in the mid Feb region.
I have tried looking at the gold and oil position and think the market structure is down. This also supports the short position for EURUSD.
I copied the bloomberg report for the bonds and it seems the USD is (becoming) more attractive suggesting a short position may be favourable.
I am still very new to all this and will continue to look for long opportunity in the short term as I understand market structure trumps all. As soon as it breaks to the downside, I think I will aim for a longer term trade (weeks rather than hours/days).
Interested in anyones views, especially if I am way off base. Learnt a lot from the posts here.
Thanks
this is what i’ve been looking at TommyL. i caught a 500 pips move on the GBP. and only reason i ended it was on accident lol. im now trying to catch the top on the eur. commercials heavily short retails are long. seasonal tendancy to make a high. and at a heavy resistance.
And I know its dangerous but using a 30 pip stop at areas of resistance and looking long term the risk:reward is to good. ill prolly lose a couple but when i finally do catch it. BANK baby!
I’ve been using cotbase.com
I think that’s the interesting part, these are 12 month extremes which I know Michael uses for decent swing opportunities whilst the 5 year extremes can give even longer term swings.
I’ll go back over the TPDS once I’ve finished going over the original material as only seen them during release. May watch part 6 tomorrow and refresh the memory on the barcharts example.
I hate the Android App, I’ve just replied to your post Iya and cancelled it instead of posting. Doh!!
It went something like this …
That’s a nice move to catch Iya and I saw you closed it in error, that’s a real bummer.
I’ll be keeping an eye on these COT reports in the coming weeks but may wait for the break in MS before jumping aboard for the safer entry.
If USD does continue to be accumulated by the commercials then there could be some nice trends to ride this year.
My plan is to look at the 12 month / 5 year extremes, wait for MS to break in the intended direction and then trade only in that direction, just bull or bear.
I think that’s more than enough for a fruitful living off Forex.
the longer timeframe is so much less stressful to me also. and it helps to kind of “hedge” while i learn to day trade :D. but im not rushed to be in trades cause i know im still making money. for me it seems like the answer i’ve been looking for.