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bipi

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Posts posted by bipi

  1.  

    p.s.

    and dont listen to people who says no point of looking at volume in FX as its not centralized and so on... many research has proven (and many traders who trade only FX by using fX vol) that there are 90% correlation to real vol. ...the important part is to understand the concepts well.

     

    Unfortunately, if you want to do any serious kind of bar-by-bar analysis tick volume will give MANY false positives, that's just a fact and is very obvious if you have traded currency futures or have seen both volumes side by side.

  2. I'm not defending ICT or saying his concepts work, but some years ago I studied and applied some of his methodology just out of curiosity, like the price engine (grey months/days etc), OSOK setups and his ways to determine a bias for London and NY opening, some of his stuff actually works, I used it in combination with VSA to give myself more confirmation during certain setups.

     

    I agree that his way of teaching is excruciating but if you can get past that, some of his concepts actually work, again I don't trade those as they are.

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