Time to crack some pips ICT style!

[PureMuscle]

Hahaha yeah bro I know what you mean For me personally, I just like doing it because on this forum virtually every man and his dog claim to be profitable but shudder at the mere mention of myfxbook (I’m not referring to ICT in case anyone makes that conclusion).

So far in my own experience I’ve found that 6% per month does the trick. I agree that 10% and more is certainly possible, but as you will remember from the last time, I pushed so hard for it that I would be within touching distance and then throw it all away. 6% is only a trade or three at most if I can wait for ideal entries - it equates to low stress and still doubling up the account annually.

But anyway, enough talk, time for some action!

[TopFroxx]

nice to see you back in action! really looking forward to it. i have similar goals as you do. let’s see what we can do. 2013 here we come!

[Tassiefx]

Hi Puremuscle,
Just found this thread. I look forward to seeing how you go with things. All the best with it. I also hope the thread stays good and positive for you as well

[cyz0301]

@PureMuscle

Hahaha dude you have got to be the kindest soul on this forum! Thank you for your kind words good sir!

Please feel free to ask any questions you have - and I will endeavor to give you ICT’s answer

Mike gives a weekly market review video, but it’s generally recorded, not live. He posts it in this right on the very first post. He seems to be busy with a lot of cool stuff at the moment (i.e. new content for us), so he may be a bit scarce at times, but we understand of course!

Anyway, it is possible to set up MT4 to do the SMT tools, but it’s a heck of a lot easier to use the charts over at dailyfx.com. The chart works like a charm. ICT explained how to use it a fair number of times, but unfortunately I can’t remember which reviews have it in them. Nevertheless, the gist of the SMT concept is that the one pair (EUR/USD or GBP/USD) will make a higher high while the other fails to do so, or, alternatively, a lower low, which the other fails to replicate. Similarly, if the USDX (US dollar index) makes a lower low whilst the foreign currency (EUR/USD or GBP/USD) fails to make a higher high, it again indicates a crack in correlation, and, consequently, a smart money divergence. Take a look at some examples that people post with their trades and you’ll see what I mean.

To set up your chart to identify these cracks in correlation, do the following:

• Load a 5minute EUR/USD chart (it works on different timeframes by the way, but M5 catches it fairly quickly)
• Right click on the chart
• Select “Relative to”
• Select GBP/USD
  Now you can compare the highs and lows between the correlated pairs. Substitute one of the above with “USDOLLAR” and you can compare the lows to the highs and vice versa.

Anyway I will try to find the one where ICT explains it, he is the master after all

Hi PureMuscle

I’m a newbie here! This is my first post after 3 months. I have been reading Babypips for quite awhile and found some really useful study material on forex. I’m really grateful to many here who shares their trading insights. I would like to know how did you manage to overlay to pairs on dailyfx charts. I tried what you mentioned in the post but i cant find the pair that i want compare relative to on the list after i right clicked. Am i missing out something?

Thanks

[PureMuscle]

Right, I’m calling it a day here at BabyPips - To all my mates, keep fighting the good fight! We’ll meet up one day and share our tales of victory!

If anyone is interested in my progress, you’ll find me as always on myfxbook:

PureMuscle’s Profile | Myfxbook

[mastergunner99]

Best of luck.

[TopFroxx]

Right, I’m calling it a day here at BabyPips - To all my mates, keep fighting the good fight! We’ll meet up one day and share our tales of victory!

If anyone is interested in my progress, you’ll find me as always on myfxbook:

PureMuscle’s Profile | Myfxbook

so what’s your plan now? reading books? looking at charts trying to figure them out on your own?

[PureMuscle]

I guess I should’ve stuck to my word and left the forums alone, I would’ve at least avoided seeing this whole ICT blow-up. In any event, as many have said, it’s a moment of clarity - time to do things the hard way.

so what’s your plan now? reading books? looking at charts trying to figure them out on your own?

Haha don’t you worry about that bro, I’ll find a way in this market, even if it’s the last thing I ever do

[Ridethetrend]

keep positive , dont let the Ict bother you.