Clint’s thread, page 6, ‘aiming for the weekly range’
http://forums.babypips.com/newbie-island/49172-glossary-ict-terms-abbreviations.html
Thanks peterma
Seems like Cable will open gap down around 1.5760 into the 1.5750 support. Anyone up for a gap trade?
The most interesting part of that video for me was how ICT used the wind-up or consolidation to measure an equilibrium point in price, which was confirmed on the initial retest (also an OTE), then, after it bounced away from it, formed yet another OTE. Very interesting way to get back in sync with the market, having missed the initial big move.
I’m not sure I’d trust myself to spot these things, but its definitely something I’ll be keeping an eye on!
Very cool video!
You guessing or got some inside line? I’m not trading anything tonight, Sunday’s have had mixed results in the past.
Oanda offers early Sunday trading starting at 1400 Central Time. Right now price is at 1.5764.
Oh right, I didn’t know that…
they also offer double the spread then…
Yeah, that word ‘equilibrium’ has played a big part recently.
See the way price was bouncing off 3285 ( you bought a couple of times around this area) - scroll back on ICT’s twitter and he tweeted about this equilibrium figure before all the action later in the week teeing off from there.
As he says - 'always look to see FROM where is price coming - good trading in the week ahead.
Good place for getting early prices and sentiment is forexlive - also very entertaining - and no new a/cs needed 
Thanks Peter I’ll check that out.
Confused about the divergences between euro and cable at the moment.
The S&P, Dow and Euro are all tearing up the charts, but the pound doesn’t seem to have any traction.
Yields are heading up on US and German bonds, but not making much movement in the UK.
Nice synchronicity between euro and 10 year t-note:
But we don’t see the same with the pound:
And meanwhile the pound is getting sold off all over the place:
Something is rotten in the state of Denmark. I don’t know what to expect here.
Hi Everyone,
I’ve been a lurker here for quite some time. I’ve loved the information and ideas that get passed around. So, I thought it’s about time I join the discussion.
I’ve been trading on and off for about 3 years. The first year, I was crap 
Then in 2011 it seemed like I could not do anything wrong each month was up usually around 5%. Unfortunately in 2012 I lost favor with the gods and struggled for only three winning months.
As it stands, I’m trading a live account and am currently down only $500 and change. However, I’ve been back at studing the market and have really enjoyed the information shared here.
As a Support/Resistance trader, I have added the OTE on the bounce and am working on adding divergence. I have also reduced the pairs I trade to ONLY the Fiber and Cable.
My Trade Plan is Simple:
Short Term Charts
4 Hour - 1 Hour - 15 Minute
Swing Trades (1 Week or More)
Daily - 4 Hour - 1 Hour
Time Frame Market Structure
- Trades will be managed at the highest time frame
- Shortest time frame will be used to enter the trade
- All trades will be made in the direction of the highest time frame
- Trades will only take place if they originally formed at a key Support/Resistance Level
** S/R Trumps everything. Do NOT BUY INTO a key S/R level. - Trade will happen at the OTE level
- Correlated Pair must also show a divergence
Money Mangement
- Each trade will risk 0.5% of the total account
- At 20 pips profit 75% of lots size will be removed
- At 20 pips remaining lots are move to BE
If you wish to follow me I’ve started a myfxbook account as well. Please note that because I’ve been trading this live account for a while, it will show all my previous trades. I will also be posting my trade ideas and corresponding charts.
Micro Account Discussion | Myfxbook
May the pips be with you.
Sorry guys i have looked everywhere. Can anyone point me in the direction of ICT’s 80_20 indicator. I have downloaded the pack, but this indicator was not in it. I am going through the market mapping video and following along.
Thanks
Hey,
Has anyone got a copy of Michael’s equity spreadsheet (or a similar) they can share?
Cheers,
Matt
Projection Calc.zip (15.3 KB) this what you’re looking for?
Has anyone seen October Sky? Movie about some high school students learning rocket science. That’s how I view learning to trade. Or really anything you want to be good at. They spent all their free time learning and pursuing their goal.
Don’t think there is such an indicator from ICT, then again I could be wrong…
So over the weekend after doing my analysis, I had set up an order to buy Eur/usd at 1.3423,
Missed it by 0.9 pips :51:
Nevertheless I entered the market once it provided me an ote at 1.3431.
Planning to take 1/3 off after 30pips, another 1/3 of it at 1.35 and the rest let it run until Friday London Close.
Lets see what happens.
Morning Folks!
Hope you had a nice weekend
I’m running with the bulls again…
Long Fiber @ 1.34322
OTE
Oanda open positions are 70% short right now so my thought is that the smarts are gonna smoke those positions & take out stops @ 1.34850
Bullish divergence, Cable fell 40 pips while the Fiber held on London Open
This is my second attempt @ a long this morning, got a little spooked on the first one which cost me a pip lol!
My stop loss is just below the 1.34000 (37 pips away) which is more then usual but still well under 2% risk.
Lets see if I get gorged! :50:
Have a great day!
Update!
Closed half my position @ 15 pips, was a bit slow as I was aiming for 20 pips :33:
Stop bought to 10 pips below London open low (18 ip S/L)
Noted bearish Divergence while fiber is now in bearish OTE
Not sure if I’m overreacting here but just want to remove risk & stay in the trade.
At this point if I get stopped out it will be negligible loss .001% sort of thing.
Maybe I’m more risk adverse because I upped my leverage to 1:20 over the weekend :19:
good to see everyone in the same trade btw missed a scalp this morning on cable at 1.5720 by less than a pip after the initial bounce of a ksr level. was aiming for 1.5744 (previous week low). would have been 2:1 RR and target also hit. damnit, why always so close 