it comes down to probabilities, and then taking the absolutely best. There is no bounce of yesterdays low, so that should of kept us out at that point, it cut straight through it, to the lower level, were we we get a bounce. Knowing that i should of been more prepared for the reversal, but i had blinkers on thinking it was going down further to S2 and beyond, i was even eyeing off last weeks low. I havenāt adjusted my live trading brain to these concepts even though i see how it works. It is coming to me but as my second train of thought at the moment
I get caught up in the momentum, i have to readjust my thinking.
Periodically, I will be jumping in to summarize what I have learned so far, which may be to the benefit of new persons entering the thread, and my own personal benefit, as I will have my queries clarified.
- We note key support and resistance levels for our pair on our weekly charts.
- We note key support and resistance levels for our pair on our daily charts.
- We calculate the pivot points for our trading session using the previous dayās highs and lows.
- We wait for the perfect opportunity to take a trade; when we have confluence with 3 or more items:
-A psychological whole number
-An approach of a key support/resistance level
-An approach of a pivot point
-Formation of a new daily low/high
-Whether average daily range has been surpassed
-Whether the trade is in the buy/sell zone
-Perhaps Stochastics/RSI/MACD confluence (?)
- The trading opportunity will prevent itself in the form of a retest. We wait for the low/high to be retested, and then trade in the opposite direction of the retest candle.
- We anticipate and realize our profits according to our trading plans.
QUESTIONS:
- What figures do we use for the calculation of the pivot points for Sunday?
- What figures do we use for the calculation of the pivot points for Monday?
- Is a retest which surpasses the high/low a necessity before the trade is taken?
Thanks in advance,
xXTrizzleXx
Anyone attempting to look at Weekly/Monthly pivots as main triggers?
ICT said they were valid levels to watch, but I donāt think he takes trades off of them. So Iām trying to mimic as much of his method as I can, except on the longer timeframes. I watch WEEKLY highs/lows like he watches daily highs/lows.
Last week I had 2 excellent trades shorting the GBP into the week, and long on the EUR as the week closed up. This week I shorted an attempted upward break of AUD prev. week high. The trade was in profit of about 1R but I didnāt take very much off the table, and paid dearly when it reversed this morning and hit my stops. Still a very fun method to trade guys/gals 
Hi again 
No problem with questions. I start looking at what has happened while I was at work, and then for setups in the mid Asian session yes, and also in the late London when I get up before work. Itās only been a week really to give much of any kind of opinion, and there is more info yet to come.
It would seem that even if a setup that I can set a pending order for lands in my timezone only once a week, it could equal that of trying to find those 20-30 pips trades everynight like Iāve been trying to do. That would be meeting point #4 on ICTās pro trader status list. 
As for usedās trade, wellā¦lolā¦he seems a little more advanced and has skipped ahead of the class is all I can say
No I donāt look at weekly pivots themselves, but I do drawn fibs from monthly/weekly highs & lows. The orangey colored lines are what Iāve marked as key S&R levels. The ZUP indicator uses fibs to find fib patterns, and on the weekly itās found a bullish gartleyā¦
and on the daily itās found a bearish gartley :eek:ā¦lolā¦however, the daily one doesnāt look complete yet, so Iāve circled where I think there will be a possible D based on convergence of a couple of fibsā¦it may or may not work out.
1)-Yes
2)-The more difficult part, but working hard on myself
3)-
4)-without any doubt
5)-Yes, but working here too, not because a pattern fail. Itās me failing to perceive the pattern sometimes
6)-Definitively true
7)-Yes, and this fact is getting more and more evident
8)-Yes, simply amazing
9)-Yes, definitively mastering our personal performance using this approach can be very, very rewarding
I am personally resolved to keep improving and make a living from my trading.
Thanks a lot ICT for sharing, you have explain a lot of things I could see but not explain from marketās behavior.
My personal viewpoint. This is a great approach but still the key resides inside of us. If we can be really patients and disciplined weāll see the results. And the other point to keep an eye on is control our fears. If we patiently wait for the pattern to reveal itself thatās great BUT if we start waiting to much for confirmation we can lose the chance.
Best regards
ThisIsYourBrainOnTrading.pdf (271 KB)
Hi everyone.
Hereās what I see tonight. I present this to practice and so you guys can give me your thoughts.
Cable opened near the daily high. Price is already in its way to make a re test of the daily high. We have confluence of the MR1 pivot and oscillator is forming a divergence in the hourly chart.
It is also overbought in multiple timeframes.
I also see a bearish gartley with D at 1.5284 with perfect AB = CD pattern.
I also see we are in a sell area.
What do you think am I close?
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I havenāt seen ICT post anything concerning the entry points being valid on news days, but today has quite a few UK high impact announcements.
I would be interested to see what he says about that.
Provided those ribs allow for it.
Been there done that, nothing in my life has hurt more.
Youād be surprised at how many things you do on a daily basis pain free that will send you through the roof when you have bruised or broken ribs.
Iāve had both, they arenāt much different.
You perfectly described me. I think everyone has a built feeling, a psychology, about when price movement is favorable for a trade. Some people get it early enough to get into the trade and make some profits. I find that I lag in this respect. It seems the time it takes for my mind to decide that itās a good trade, is exactly equal to the duration of the trend. That is, I enter exactly when the trend is ending, because it takes that much of the trend for me to be convinced itās a good trade.
Trust the signals, put protective stops, learn learn learn, is the key
Anyone looking at 1.5250 to go short? Iāve got it marked as a key Resistance level from the daily timeframe, and itās just above the MR1 level, and it was yesterdays high, and now itās being retestedā¦
Me! I like it. 1.5257ish
Iām watching it as well, itās bouncing under the previous day high. And itās above the CPP, and overbought conditions are showing in the 4hr.
2 minutes laterā¦
And it just went above prev day high!..
Ya, I struggle a little with whether to use the round numbers, the pivots, or the PDH/PDLā¦but 1.5258 is actually what I have for a PDH too, but 1.5250 is the round numberā¦ 
ā¦
Yeah I know what you mean, although I feel safer if the re test is complete. Also the divergence wouldnāt be complete without price touching at least the daily high.
I know, indicator is the last thing weāre looking at, but since Iām still testing the waters I want to have almost everything aligned.
like taking candy from a baby huh?
Yeah! That was quick, and itās not even close to the next pivot, so I guess it still has potential.
Sterling has Fundamentals in a little while and I never like to be in my trades going into newsā¦ so 40 pips are bagged and back to bed.
Nice to see repeatable setups and what to look for everynight isnāt it? 
It looks great ICT. Have a good night. Iām gonna stick around to see how the next few 15min candles unfold.
Well that was awesome, thanks for teaching us.
Ok just one question for when you come back again. Your profit target was the weekly high, wasnāt it?
Good night.