I have a question regarding the SMT tool:
Does it apply to the daily charts as well?
I notice that on Friday the Eurusd made a higher high while the GBPusd made a lower high.
Am I on the right track here?
Yes it works on any timeframe, any pair, anything tradableā¦hope that helpsā¦
Great thanks.
Just some observations while we wait for the next videoā¦
Looking at the 4h Cable charts I just thought Iād draw yāalls attention to a level Iām watching, and should price trade up to it in the LO, or perhaps the LC, I think thereās a great chance weād see strong resistance and the start of a bearish move. There is almost perfect confluence (>4pips) between the 79% fib of Fridayās high to low, Mondayās R1, Fridayās central pivot, the ADR high, and a very clean level of S/R at 1.5690. The price area is also just a handful of pips away from the lower level of the TT sell zone (1.5698) and the 1.5700 figure.
So thatās 7 confluences of potential S/R between 1.5689 and 1.5700! Factor in that MF on the 4h is down, and it seems to me like there is a high probability that price would have a reaction in that 11 pip range. Just something Iāll be watching if price reaches there at the appropriate time.
Might be kinda hard to see, but the ADR is the orange dotted line and yellow dotted lines is the longterm S/R (1.5690).
Very nice levels of support/resistance from the 17th and the 22nd of Nov, and price has been really bouncing around this level since last Wednesday.
Matty
Hi Matty
Are you using the ICT_ADr indicator to plot your ADRās?
Any particular inputs, or just straight out the box?
Just the straight up ICT ADRā¦never felt the need to mess with it. Have you used different numbers?
No, same as you.
Iām pretty new to this, so I only started using the ADR on Friday, and just wanted to make sure I was doing the right thing.
Thanks.
I like your analysis, you seem to have a good grasp of the material. How long have you been a student of ICTās methods?
http://s11.postimage.org/cf0ngsd2b/chart_6.gif
Can anything be made of a 5min candle thats 40 pips in azn session?
About 6 months give or take. Just went live about 3 weeks ago (at least using ārealā money for the first time) and have had some very nice success so far. And honestly, the thing Iām most excited about is that I donāt think iāve been all that disciplined or perfect at applying his concepts, and still Iām up over 400+ pips since beginning of November. And thatās a testament to the power of these tools and concepts that he is teaching, not to my trading. Just stick with it, it takes time. I know I have a long way to go, but what really motivates me is the mindset that, even if I can be fractionally as successful as Micheal, I will have achieved something great.
Matty
Forgive me Matty, its Monday morning where I am.
I think we already had this conversation, I remember now.
sorry about that, like I said, its Monday here, and its going really slowly, like my brain right now.
It would be nice if you could post your results from month to month so we can track you.
Hereās my chart from oanda, where they show trading activity prior to the 5PM EST āstandardā market open. Trading before 5PM EST is interbank trading, but Iāve noticed it still respects technical levels like that Central Pivotā¦ hope this perspective solves the mystery for you 
I figured it might have been my feed, but even on your chart a lot of movement at that mid pivot, looking for sell pressure today.
I suppose I could do a monthly account posting to help keep me accountable. Hereās my account at the end of November. Iāll try and update at the end of each month. My goal is 7.2% per week.
Like I said in an earlier post, I gotta work on stopping once I hit my goal 
Matty
Matty, you doubled your account in 3 weeks?
What session you normally trade?
Is there something wrong with those figures, or did you double that account in 3 weeks?
Yeah, Iāve had a nice start, but I DID over-leverage a couple times, which is a big NO-NO. Fortunately the 2 times I did (risked 4% and 5%) it worked out in my favor, so that accounts for some of my gains. I was actually kinda upset when I made profit from those trades cause I didnāt want to be reinforcing bad behavior. But the majority was just from good olā fashioned ICT trades. I recalculate the amount of mini lots per trade after each trade. That way, its like compounding my account after each trade. So at $3000 equity, 2% with 25 pip SL would be $2.40/pip, but if I made $300 on a trade, I would recalculate and my next trade would be ($3300 * .02)/25 = $2.64/pip on my next trade. I feel like this also helps me as it forces me to reduce my risk after each loss. Anyways, thatās probably more than you wanted to know.
Matty
Other then you not sticking to some rules, it does look like you have the concepts down pretty good if you can double your account in 3 weeks. Would like to see some more analysis from you. What session you normally trade or are you around for all the sessions?
Actually Iād like to know moreā¦ lol
What about sessions?
do you trade all of them?
and if so, is it only in the kill zones?
Just trade NYO usually cause Iām up at that time before work. Usually place a trade and then monitor on my iPhone during the morning. If I see a nice LC Iāll try to trade that too. Occasionally Iāll place a pending order for LO before bed if I feel really strongly. But Iām just trying my best to stick to the concepts ICT has taught. Im not doing anything special. And yeah, I try to stick to kill zones.
Marty
Matty, How does the iphone work out for youā¦I thought about getting one so I could manage any trades I was still in after I leave for work in the morningsā¦