I am not blindly supporting anyone. Controversy is King, it can drive metrics like crazy. If you have missed that entry I think this is a good way to get back in at an area very close to our breaker entry. If I can post similar results next month using this strategy I will consider adding to my account each month to help with growth. Further, according to him, he doesn't have to work anymore because he trades, that's part of why he has enough time to make videos and such. I will be watching this closely in case of any turtle soup scenarios but maybe non farm payrolls will be the catalyst in sending this pair down toward my first bearish target of 89.
If it wasn't for ict I would not be where I am now as a trader. Take what you want from it. It's a take it or leave it thing. Below is our one hour chart and I have numbered all that I seem to be seeing with this breaker pattern time and time again. The fact it dipped straight back in the range suggests that this was a run for liquidity and we could now see the pair go lower again.
All this material is still valid and some of the download videos that were shared outside of these video series mentioned, were absolutely with out a doubt pro traders material. It seems like the breaker is used as some sort of elaborate holding tool which keeps everything even and settle whilst they re jig everything around. Psychology plays a much bigger part and if his psychology is shit. I have now moved my trade to Break even. Please keep them to the weekend discussion thread only. One thing I have found is sometimes price does not always run right back to the original order block but sometimes we see a smaller retracement.
I do not think price will run back up above the weekly highs as that took a lot of liquidity. This breaker is the area I would be looking to buy from should price pull back on Monday. Institutional orders tend to cluster around familiar levels, regardless of whether the traders consciously intended it or not. This is again because I feel I am less likely to become emotional and trading decisions are more logical and with the long term bias. If his system works, then that is all that matters. I should have been rewarded much greater in terms of percentage return for these trades.
You'll see the previous thread from last week. Volume has above average and there has been little resistance to the last three monthly bars. How exactly does someone giving away free advice and learning material, as a direct download without requesting your email or pitching any commercial products, scamming you? My limit orders both missed by around 5 pips so in future I will try to lower my entry slightly rather than be right on the edge of the order block. No insults or attacks of any kind. This model is seen throughout the charts on all time frames and I think it is always important to know what stage of the model we are at and what type of move we are expecting. Please do not ask for trading advice.
This shows how once the highs were broken at around 96. We don't care if they called you names first; report the abuse to us and we will deal with the offending party getting into a name calling spat will likely just get all parties involved banned. On a Daily chart I have noticed that price falls back to lowest order block when it has been in a consolidation. This shows a market maker model which I have highlighted in a previous blog. I am currently in 3 positions this week. The aim here is obviously to cut the losers quickly, have a very specific entry and hopefully be in positions to let my winners run. The reason I target this are that once at these points the probability of price to continue moving higher may decrease.
One of the disadvantages of trading only on an evening is you do not know your order was not triggered till you return home from work to the charts. Price running back to breaker Price runs back to the breaker for entry. Advertising trading contests is not allowed. At present I am trading with very small lot sizes and fairly large stops so 5 pips will not be critical in monetary terms. I have spent the last 6 months testing his strategies and how his tools are used on differing timeframes. You can say whatever you want.
However, at each point in the past a reversal has occurred when price has approached this area with caution. Although this looks messy and there are probably much easier ways to do this, this is how I am testing my strategy. Also, the more confluences the better. It basically involved entering 5 pips above or below an order block depending on if its Bearish or bullish with the stop being the other side of that order block. Price currently sits very close to this point. All in all he takes standard tools like fibbs then gives them is own names. Below is one of my winning trades.