Another great market review ICT and more reason on why one should focus on the Indices and wider markets more regularly. My brain is still a bit crumpled with all the information you have provided but your regular reviews are ‘panel beating’ and ironing out those creases quite nicely
Did you focus on the Aus and NZ yields due to their close ties with commodity prices as I assume another good tool would be the CRB to Bond Ratio.
Cool - well done. Glad to see your doing well whilst still learning. At least you can see your mistakes too so good luck rectifying them and increasing your gains.
Guys, Correct me if I’m wrong, but there seems to be a SMT Divergence between Cable and Fiber. Fiber made a lower low, while Cable was unable to do that. Should be a bullish indication right? 1H Charts!
The yields have changed today . There seems to be a OTE on the australian 10y yield. Bearish. So unless the USD yield falls ( so far it has’nt ) at a greater rate … the aussie is headed lower…
A sample trade which im still in,long @ 22497, its basically from 1min timeframe, but man, this sweetspot lots of times works like a charm,still cant believe it, of course you must take broader picture but anyway, thank you Michael, i ve been trading for like 4 years now, been doing well for some time now, but man,has this improved my trading,still cant believe my eyes,some of your tools are just exceptional, i dont suggest anyone to trade it like that, im just doing my thing at which im good at…Anyway Stop @ BE, and the rest is up to market… Thank you again for your contribution! Happy pips all
For those who loved Timingcharts.com before it went down and gave us this crappy blob I emailed the site owner which I was hoping was also the webmaster he had this to say
(Yes, the COT charts will be back soon. We are working on that now. Maybe just a few more days and you will see the COT data.
Name Snip
From: Tansen Sjöström
Sent: Monday, July 30, 2012 1:16 AM
To: Edited out
Subject: Timing Charts The Way It Used To
Sorry your site seemed broken to me for a long time, then it came back but it doesn’t have the neat and tidy COT charts I liked about it and frequented mostly because of it. I was wondering is the site going to stay as is now or are you going to restore it to the way it was before?)
This is my first post and want to know if im on the right track… been following ICT now for 2 months now and I think I am really starting to grasp his concepts. Below is what i think is a type 2 divergence on the hourly chart with what could be an ote forming at a known resistance level 1.5720. I have also have included a daily chart which has formed a fractal which may indicate to look for selling opprtunities.
I can’t enlarge I think BP limits your resolution upload it to imgur or something
Also I think the divergence has to be the most recent high not previous highs and price has to be showing something different from the indicator. Even if its a really small intermediate high which is tucked inside two others