Perhaps ICT is hoping to shortlist 12 candidates to fill those 12 monitor positions and set up an ICT hedge fund to take on the world With all the material that Michaelâs released perhaps heâs sitting on some âX Factorâ forex judge panel running up a shortlist of likely forum postersâŚplease say itâs true MichaelâŚlol
Do you make trades from this platform or just analysis? You;ve made comments about notgetting on your accounts with your laptop and being attacked and i thought you said something about not getting on your accounts on your âsystemâ either. I was thinking about getting a seperate internet connection just for my trading. in the future of course lol. and this was your second best post ever :D.
Maybe a VPN service could do the trick for you, if itâs security youâre looking for, for your trading?!
it could also be helpful to âproof that somebody else is doing the trading for youâ - if youâre living in a country where you only pay taxes on profits generated WITHIN that countryâŚ
just sayingâŚ
not exactly sure if VPN or another Internet connection would be cheaper or better for youâre needs.
cheers
This is the trade i am looking at today, Long GBP@ 1.5450 for the following reasons
- Previous Week High
- ICT Holy Grail(Trend following div +OTE)
- SMT div between EU/GU
- Bullish Market flow
Also, on a side note, 30Y Treasury Bonds have seen a MACD Div + a break in market structure. If i were trading it i would look for short on retracements (Incoming risk on move, low bond price = higher yields = +Risk)
Let me know what you guys think or if i have miss out on anything haha
-Ivan
Did you mean 1.5750? Cause 1.5450 is off by 3 figures.
I think thatâs what Ivan meant.
I noticed the same stuff basically but was eyeing a little bit higher level, 1.5770. Adding to what was mentioned, there is also a S1 pivot laying there, previous Wednesday asian low was pretty close and to me that was exatly the point where we saw a lot of support/resistance a lot of times before (granted, it canât be said to the point, so maybe 1.5750 is better after all). Itâs also just 3 pips away from 62% retracement from last weekâslow to the high and within we have a smaller OTE from todayâs range (so far).
I missed the entry by inches so far, hoping for a one more pullback
I guess you mean 1.5750, but yes, looks good
Right there with you. Stinger on the Cable, missed my entry by about 1/2 a pip. This may be off to the races without me (us), but not gonna chaseâŚ
Matty
Add another one to that list of likely missed tradesâŚ
Been eyeing this since 7.30 GMT
Not triggered by 7 pipettes lol!
That 70 level is very significant - for those who havent seen it, pull up your monthly charts and mark your previous highs and lows
Yea my bad haha⌠seems like a missed opportunity⌠gonna just leave the order there and see how it goes
Well, lesson learnt for me - next time I will be putting my orders 2-3 pips above/below (depends on trade direction) these important levels and see how it works out.
But I still hope it will unfold, itâs going back down again
Patience is a virtue. Entry triggered @ 1.5768. Nap time : )
Matty
Bleh⌠Didnât for me. And somehow I am convinced itâs not going back again. What broker are you with Matty? Good to know so I donât miss my future setups
I had a limit buy order for fiber (I thought it was the stronger pair from the SMT, failing to go lowerâŚ)
1.2475⌠not triggered by 2 pips
lets see if I find a way in during NYO
good luck and happy hunting
edit: was considering to manually enter cable as it is still ranging⌠but its out of killzone⌠and for some reason I am not fully convinced that it will rally up as well. (wouldnât be the first time Iâm wrongâŚ) Instead I will double check for a possible reversal during NYOâŚ
I am however obviously a little disappointed in me not setting my fiber limit buy order a bit more generously⌠would be up 90 pips by now. grrr
Really?!
What broker are you with? Im with Oanda, my feed shows the low at 1.5766 - Bounce off previous months high (its amazing how these levels work)
Im long @ 1.577
Forex LTD, as thatâs what ICT uses in his analysis (yes, I know he doesnât use it for his trading). I am only demoing for now, so no biggie but still I hate it, coz that was supposed to be my first âfully aware tradeâ The low is at .5769 there but adding the spread, asking price was at .5772 in the lowest point I think.
Since i canât post charts till required number of messages, 'm going to describe this demo trade. please guys feel free to comment.
short eur-usd at .2553, stop at .2570 outside ADR, above R2 pivot line at .2563 and LC high of Aug 24 at .2562. Currently forming a pin bar on m15 after stops at .2562 taken. It is 9.45 gmt, could this be the high of the day? first target R1 at 2521, second target on time, at London Close. Entry in area of OTE on the swing between high of Aug 23 and low of today
If somebody said they didnt feel it was a good trade, would that stop you taking it? Or similarly, if you didnt take the trade because of a swayed decision, and it worked out, wouldnt you feel worse?
Do the work, find a good number of confluences, and if you still feel unsure take the trade in a demo account (as i dont know your stage of trading yet). Come back and show whether it panned out or not, if it did, weâll all congratulate you (me anyway), and if not some of the more experienced here can show you where you may have gone wrong.
As many of the tools and concepts that ICT has shared, i think the biggest one recently (and maybe the most important - especially for newcomers) is that ICT is not trying to help babysit you through the trades. He wants us to grow into our own traders who can make our own trade decisions on our own analysis. Im not trying to sound like a buzz kill here, but imo, youâll learn much better by taking a trade and getting it wrong, rather than having others opinions of a trade before hand (not saying your trade is a bad idea)âŚ
Anyway, good luck, i hope you take it since you clearly think theres some ground to it, and ill be watching for your results
wouldnt be surprised if the market wont give us much until consumer confidence numbers are outâŚ
lets see;)
IBFX, with a low of 1.57662