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- scherzi replied Oct 28, 2023
Daily subcycles last for about 20-30 bars. Therefore, 10 candles doing something will normally imply 10 more candles doing something related to it. A sideways channel or an impulse-reversal-continuation (20 candles total), etc... This may help.
- scherzi replied Oct 27, 2023
EURUSD very correlated to the US bonds, but that is hard to quantify in terms of the risk you are going you undertake if trading it. It is normally very correlated to XXXUSD such as GBPUSD or AUDUSD. Beisdes the crosses like EURGBP or EURJPY should ...
- scherzi replied Oct 24, 2023
Sorry, I didn't realize you were speaking about people the first time I read your sentence. Cheers.
- scherzi replied Oct 24, 2023
Hi, I meant that the industry is filled with misleading info regarding RRR, and that constitutes a serious danger for aspiring traders. I didn't explained it properly, sorry.
- scherzi replied Oct 24, 2023
Hi, what do you mean?
- scherzi replied Oct 23, 2023
My experience: I normally use 1-min to refine my entries that can last up to 2-3 hours. It means my sl levels are of the size of one one-minute candle or tighter but I aim to more or less 1/2 of the daily ATR. I could use the 15-30 seconds chart but ...
- scherzi replied Oct 23, 2023
Wow, Rick, that is awesome. I had never seen a way of using these tfs so implicit.
- scherzi replied Oct 23, 2023
Hi. Cameron, the son of Michael Huddleston uses an inverted RRR. He risks like 120 to get 100. Michael, the father, the ICT, normally gets 1:10 to 1:20, I have not measured it actually. Risking more than 0.25% of my main account scares me, I promise ...
- scherzi replied Oct 23, 2023
Hi, Cardinal. I have read the first post. I would like to addres a few topics: 1) Fundamentals: If you consider fundamentals, then you are thinking from the perspective of an investor, not an speculator. Technicals are more related to speculative ...
- scherzi replied Oct 22, 2023
I would add, the best from ICT, after learning his classic series before 2022, is the 2022 mentorship for its simplicity and frequency. But he has added even much more with his 2023 mentorship, reviews and even the 30sec Cameron Setup or the core ...
- scherzi replied Oct 6, 2023
Also, by buying at candle open you win 50 % of the times. More than most traders do. By buying below candle open you win 100% of the times markets close bullish. For whom is that a zero-sum game, additionally? There are many ways to tweak the ...
- scherzi replied Oct 3, 2023
Actually, the whole "zero-sum game" thing only holds water if we're talking about trading in a vacuum. But in reality, money flows in and out of the trading world from various places, and whether I win or lose doesn't necessarily hinge on the ...
- scherzi replied Sep 25, 2023
POIs GU intraday. This is ICT style, for those who study it. image There's no simple and quick explanation for the chart. If you're already knowledgeable at ICT, then anticipate P03 (weekly and daily), and the price bouncing between any PD array ...
- scherzi replied Sep 22, 2023
Hi, This is the current structure as I see it. The lower empty yellow rectangle IS NOT a prediction, it is just a projection. image Zooming in the 1.04 level shows up at the weekly timeframe image It could drop directly, but breaking two main ...
- scherzi replied Sep 21, 2023
Yes, I get your point. Thank you for sharing your ideas and experience. Cheers.
- scherzi replied Sep 20, 2023
The problem with many ICT practitioners is that they try to use all the concepts Michael teaches. He just does it so that every person can find something that meets their style, but all the ICT knowledge is not intended to be used at the same time, ...
- scherzi replied Sep 19, 2023
If your strategy works for you, then, of course ignore everything anyone, including me, think and say of it. I do it, in fact when people that know shit about what I do try to mock or make fun of my techniques without even understanding or asking ...
- scherzi replied Sep 19, 2023
Yes, I try to express how I see it. I have been using extensively simulators to sim trade and tests all the setups I could think would be good (and some wrong too) with them and also with simple statistical tools like R or Python pandas. Once you ...
- scherzi replied Sep 17, 2023
Hi, I like to use news in Forex and indices (USD high-impact news). I try to locate two areas on H4 (only on H4, not H1, not m15, no anything else) and wait for the news release. It takes one minute to reach these areas, therefore you have to wait ...
- scherzi replied Sep 17, 2023
Hi, I would like only to underline that astrology is not a science. It may be something else, but not a science. It is a belief but there is not any evidence that it works. Besides, the Zodiac is incorrect. The concept of the precession of the ...