Showing posts sorted by relevance for query Power of 3. Sort by date Show all posts
Showing posts sorted by relevance for query Power of 3. Sort by date Show all posts

Sunday, October 1, 2023

The ‘ICT Power Of 3’ Concept & ‘ICT Killzones’ | Rounak Agarwal

The ‘ICT Power Of 3’ concept is a key component of any trading strategy or model developed by Michael J. Huddleston a.k.a. 'The Inner Circle Trader' (ICT), and explained as under:
 
1. Typical Bullish Day
 
Figure 1
 
Price will go below the opening price at midnight [all times refer to New York local time] to lure retail traders into going short. This is the ‘accumulation phase’ where smart money traders (SMT) will buy the shorts placed by retail traders. Then, price will rally higher to take out ‘liquidity’, which is called the ‘manipulation phase’, during which SMT will either hold or sell a portion of their positions. Eventually, price will retrace and become range-bound in an area near the high of day and close near the high, known as the ‘distribution phase’, where SMT will sell the remaining positions to retail traders willing to go short.

2. Typical Bearish Day
 
Figure 2
 
Price will go above the opening price at midnight to lure retail traders into going long. This is the ‘accumulation phase’ where smart money traders will sell the buy orders placed by retail traders. Then, price will rally lower to take out ‘liquidity’, which is called the ‘manipulation phase’, during which SMT will either hold or square off a portion of their positions. Eventually, price will retrace and become range-bound in an area near the low of day and close near the low, known as the ‘distribution phase’, where SMT will square off the remaining positions to retail traders willing to go long.

3. Typical Bullish Week
 
Figure 3
 
Price will go below the opening price at Sunday’s opening to lure retail traders into going short. This is the ‘accumulation phase’ where smart money traders will buy the shorts placed by retail traders. Then, price will rally higher to take out ‘liquidity’, which is called the ‘manipulation phase’, during which SMT will either hold or sell a portion of their positions. Eventually, price will retrace and become range-bound in an area near the weekly high and close near the high, known as the ‘distribution phase’, where SMT will sell the remaining positions to retail traders willing to go short.

4. Typical Bearish Week
 
Figure 4
 
Price will go above the opening price at Sunday’s opening to lure retail traders into going long. This is the ‘accumulation phase’ where smart money traders will sell the buy orders placed by retail traders. Then, price will rally lower to take out ‘liquidity’, which is called the ‘manipulation phase’, during which SMT will either hold or square off a portion of their positions. Eventually, price will retrace and become range-bound in an area near the weekly low and close near the low, known as the ‘distribution phase’, where SMT will square off the remaining positions to retail traders willing to go long.

Another technical analysis concept from Michael J. Huddleston is ‘ICT Killzones’, which are the highest probability time-ranges for price to make big moves in the markets. This is an integral part of ‘ICT Power Of 3’ and both are to be used in conjunction to see the markets like the ICT. The researcher has dealt only with two of ‘ICT Killzones’ here, which are:
  1. ICT London Open Killzone – 02:00 to 05:00 New York local time
  2. ICT New York Open Killzone – 07:00 to 10:00 New York local time which is extendable to 11:00 due to release of important economic reports, news, Fed chairperson speeches, etc. scheduled at 10:00.
Some important things to bear in mind:
  1. The researcher has considered market state to be bullish if the amount of difference from open to low is less than open to high. Similarly, market state is bearish if the amount of difference from open to low is more than open to high. Days and weeks with neutral market state, i.e., where the amount of difference from open to low was equal to the amount of difference from open to high, were omitted. They were very few and the researcher believes that the omission did not affect the findings to a significant degree.
  2. Sunday was omitted in calculation of average daily movement and average hourly movement for each pair to prevent inconsistencies. For the same reason, it was not considered in finding out frequency of days when price made high/low of bearish/bullish week.
  3. All time ranges, etc. have been considered in the form of New York local time, adjusted for Daylight Savings Time (DST).
  4. Average Daily Movement – It is the average of the daily ranges (low to high) of that particular year.
  5. Average Weekly Movement – It is the average of the weekly ranges (low to high) of that particular year.
  6. Average Daily Movement during ‘Accumulation phase’ – It is the average range of the ‘accumulation phase’ (open to high/low) of ‘bearish’/’bullish’ days of that particular year.
  7. Average Weekly Movement during ‘Accumulation phase’ – It is the average range of the ‘accumulation phase’ (open to high/low) of ‘bearish’/’bullish’ weeks of that particular year.
  8. SMT – ICT terms smart money traders as ‘SMT’. These traders know how to keep themselves in line with the algorithm and profit from trading. On the other hand, retail traders, according to Michael J. Huddleston, are those who are not trading but ‘gambling’. These ‘traders’ do not have an understanding of the market which they can rely upon and not hop from strategy to strategy, indicator to indicator instead.
  9. ‘ICT Killzones’ has been shown only in Figure 1 to serve as an example. The explanation provided with Figure 4 does not comply completely with the figure, and it is because ICT’s concepts are not fixed rules. Also, the main idea has not been invalidated, as we can see in the figure that the low of the week formed after the week’s high was formed.
Quoted from:
technical analysis concept (ICT Power Of 3) in the foreign exchange market.
 
See also:

Wednesday, August 8, 2012

W.D. Gann's Reading List

In 1946, aged 68, W.D. Gann produced a reading list for his students:



Since Gann’s death in 1955 this reading list has generally been overlooked by Gann enthusiasts because the constituent books have been difficult or expensive to obtain. With the exception of 3 books (see below - highlighted in grey). None of these 3 missing titles is even listed in the Library of Congress Online Catalog. However, copies of all other 76 books from Gann’s recommended reading list are now available free-of-charge and for the benefit of all Gann enthusiasts.

NUMEROLOGY
Numerology by Clifford Cheasley
Philosophy Of Numbers by Mrs L Dow Balliett
Number Vibration In Questions And Answers by Balliett
The Day Of Wisdom According To Number Vibration by Balliett
The Kabala Of Numbers (Part One) by Sepharial
How To Play The Races And Win by Mark Mellen
The Kabala Of Numbers (Part Two) by Sepharial
The Mysteries Of Sound And Number by Sheikh Habeeb Ahmad
Numerology For Everybody by Montrose
The Tarot Of The Bohemians by Papus
The Power Of Numbers by Numero
Numerology Made Plain by Ariel Yvon Taylor

ASTROLOGICAL
Horary Astrology by Robert DeLuce
World Book Of The Ages From Adam To The Millennium by H J Kerns
Raphael’s Pythoness Of The East by Raphael
Raphael’s Book Of Dreams by Raphael
Raphael’s Mundane Astrology - Part 2 - Part 3 by Raphael
Zodiac And Bible by Fannie Muller  Copy Not Yet Available
Mars The War Lord by Alan Leo
Ogilvie’s Astrological Birthday Book by Leo Bernart
Sepharial’s Astrology - Part 2 - by Sepharial
Astrology Explained by Sepharial
Astrology, Its Techniques And Ethics by C Aq Libra
Key To The Bible And Heaven - Part 2 - by Ludwig B Larsen
Science And The Key Of Life - Part 2 - 3 - 4 - 5 - 6 - 7 - by Alvidas
The Wheel Of Life Or Scientific Astrology - Part 2 - 3 - 4 - 5 - by Maurice Wemyss
Raphael’s Book Of Fate by Raphael
Guide To Astrology by Fred White
Law Of Values by Sepharial
The Silver Key by Sepharial
Fortunate Hours by A E Partridge
Directional Astrology by Sepharial
The Stars, How And Where They Influence by L Edward Johndro
The Earth In The Heavens: Ruling Degrees Of Cities by L Edward Johndro
Rectification Of The Horoscope by Robert DeLuce
Astrology For All by Alan Leo
The Secret Of The Ages by Robert Collier
The Science Of Foreknowledge by Sepharial
The Astrological Ready Reckoner And Student’s Assistant - Part 2 - by Sepharial
Your Stars And Destiny by Paul Councel
Manual Of Astrology - Part 2 - 3- 4 - by Sepharial
Textbook Of Astrology - Part 2 - by A J Pearce
The Witness Of The Stars by E W Bullinger
Solar Biology by H E Butler
Cosmic Symbolism by Sepharial
Popular Astronomy by Flammarion And Gore
Eclipses In Theory And Practice by Sepharial
Sun Spots And Weather by W T Foster
Popular Astrology For Everybody by Fredrick Hathaway     Copy Not Yet Available
 
SCIENTIFIC AND MISCELLANEOUS
The Candle Of Vision by “A E”
The Path To Wisdom by Richard Lynch
The Doctor Prescribes Colors by Edward Podolsky
Cosmic Causation In Geophysics by Paul Councel
The Master Key Of Destiny by Gregorius
Evolution And Reincarnation by Essie Ducquan                  Copy Not Yet Available
Miracle Of The Ages by Worth Smith
The Kybalion by The Three Initiates
Sixth And Seventh Books Of Moses
Mysteries Unveiled by William A Redding
Pax Tecum Or Peace And Relaxation Through Technique And Truth by Henry Casper
Faith As A Constructive Force by Swami Paramananda
Oracles Of Nostradamus by Charles A Ward
The Sickle by William W Walter
Lessons In Truth by Emilie Cady
Secret by Wesley W Stout
Open The Door by Wilfred Brandon
The Proofs Of Astral Influence On Man by Paul Choisnard
Spiritual Radio by Archbishop Du Vernet
Yoga System Of Study by Yoga Hari Rama
The Law Of Psychic Phenomena by Thomas Hudson
Power Of Will by Frank Channing Haddock
Oahspe by Dr John Newbrough
Philosophy Of Natural Magic by Henry Cornelius Agrippa
The World Book Of The Ages From Adam To The Millennium by H J Kerns
Bible Mystery And Bible Meaning by Thomas Troward
God-Man: The Word Made Flesh by George W Carey
Tertium Organum by P D Ouspensky
The Chemistry And Wonders Of The Human Body by George W Carey
The World’s Greatest Thought Discovery by Mack Stauffer
The Goal Of Creation - Part 2 - by Edmund Shaftesbury

Monday, July 9, 2012

Number 108

Throughout history, the number 108 has held a multi-dimensional meaning.  In geometric terms it is a natural division of circle (108 = 36 + 72 = 9 x 12). In the Eastern part of the world, different traditions talk about the108 navamsas. The Shiva malas, or rosaries, both Tantric and Tibetan are composed by 108 beads. The Buddhist rosary, where from is inspired the rosary of the Moslems, then straight-away as an inheritance of crusades by Catholic Christians, is constituted of 108 fragments of distinctive different human skulls. The number 108 is also one of great significance inside of the Rosicrucian order, since it exemplifies the timeframe of some of their cycles. Interestingly enough, a leap year displays 366 days and 3 x 6 x 6 gives 108.
 
 
The number 108 is considered sacred in many Eastern religions and traditions, such as Hinduism, Buddhism, Jainism, Sikhism and connected yoga and dharma based practices. Even the pre-historic monument Stonehenge is 108 feet in diameter. 108 is a number known to be referring to spiritual completion, and it is no surprise that the early Vedic sages were renowned mathematicians and in fact invented our number system. 108 is a Harshad Number, an integer divisible by the sum of its digits. Harshad in Sanskrit means “joy-giver”. 108 was the number of choice for this simple reason: 108 represent the whole of existence. There are said to be 108 types of meditation. Some say there are 108 paths to God. Indian traditions have 108 dance forms.

Another interesting example, Hindu deities have 108 names, whilst in Gaudiya Vaishnavism, there are 108 gopis of Vrindavan. Recital of these names, often accompanied by the counting of the 108-beaded Mala, is considered sacred and often done during religious ceremonies. The recital is called namajapa. Accordingly, a mala usually has beads for 108 repetitions of a mantra. 108 sacred books constitute the holy writings for Tibetans. The Vedanta, according to the Hinduism tradition, recognizes 108 authentic doctrines (Upanishad) aiming to approach the Truth and to destroy Ignorance. In Jain tradition is believed that they are 108 virtues. Lankavatara Sutra ancient teachings refer repeatedly to many temples with 108 steps. In Tibetan Buddhism it is believed that there are 108 sins or 108 delusions of the mind. In some schools of Buddhism, it is believed that there are 108 defilements. In Japan, at the end of the year, a bell is chimed 108 times in Buddhist temples to finish the old year and welcome the new one. Each ring represents one of 108 earthly temptations a person must overcome to achieve nirvana. Likewise, Zen priests wear juzu, a ring of prayer beads, around their wrists, which consists of 108 beads. The Lankavatara Sutra has a section where the Bodhisattva Mahamati asks Buddha 108 questions. The Buddhism tradition talks about the 108 earthly desires in mortals, 108 lies humans tell and 108 human delusions. The esoteric presence of the number 108 can be seen in various spiritual practices and theories: In Kriya Yoga, the maximum number of repetitions allowed to be practiced in one sitting is 108. Also, 108 Sun Salutations in yoga practice is often used to honor change, for example the change of seasons, or at a time of tragedy to bring peace, respect and understanding. It is said that if one can be so calm in meditation practicing pranayama to have only 108 breaths a day that enlightenment will come.
 
There are said to be 108 energy lines, or nadis, converging to form the heart chakra. Marma points are like Chakras, or intersection of energy, with fewer converging energy lines. On Sri Yantra, the Marmas have 54 intersecting energy lines where three lines intersect. Each has feminine, or shakti, and masculine, or shiva, qualities. 54 x 2 = 108. Therefore there are 108 points that define the human body and the Sri Yantra or the Yantra of Creation. The same rule is observed in the Sanskrit language, with its 54 letters, both representing the two genders and they are also called Shiva and Shakti respectively; again, 54 x 2= 108.
 

The earth cycle is supposed to be of 2160 years = 20 x 108. The distance between the Earth and Sun is 108 times the diameter of the Sun. The diameter of the Sun is 108 times the diameter of the Earth. The distance between the Earth and Moon is 108 times the diameter of the Moon. The universe is made up of 108 elements according to ancient texts. The current periodic table claims a few more than 108.

There are 12 constellation and 9 arc segments. 9 times 12 equal
108. The 9 planets travelling through the 12 signs constitute the whole of existence. 9 x 12 = 108. The 27 nakshatras or lunar constellations spread over the 4 elements – fire, earth, air, water or the 4 directions – north, south, east, and west. This also constitutes the whole of existence. 27 x 4 = 108.
 
1. The Sun is 108 times bigger than the Earth
2. The distance from the Earth to the Sun is equal to 108 Suns side by side
3. The distance from the Earth to the Moon is 108 Moons side by side.

The Number 108 in Numerology
 
1 stands for God or higher Truth, 0 stands for emptiness or completeness in spiritual practice, 
and 8 stands for infinity or eternity.
Powers of 1, 2, and 3 in math: 1 to 1st power =1; 2 to 2nd power = 4 (2 x 2); 3 to 3rd power = 27 (3 x 3 x 3). 1 x 4 x 27 = 108
 
Breath: In one minute, we breathe in approximately 15 times, in 1 hour 900 times, and in 12 hours 10800 times, and in a day 10800 x 2 times. A day consists of 24 hours, and if we set aside half the day for our day to day routines, then one can spend 12 hours for recitation of one's idol. Therefore, the maximum number of times that one can recite "mantra", or perform "Jap" are 10800. If one wants to obtain 100% benefit of its jap, then performing jap 108 times will give you the benefit of 100%. That's why in a "Mala", there are 108 beads. It is written in Vedas, that 1 Jap corresponds to 1 mala (which has 108 beads), therefore performing jap of 108 malas will result in 100% benefit.  
Astronomy: There are 27 constellations in our galaxy, and each one them has 4 directions, and 27 x 4 = 108, In other words the number 108 covers the whole galaxy.  
Indian scriptures: The letter 9 corresponds to Lord Brahma (the creator of universe). Mathematically, the interesting property of
9 is 9 x 1 = 9
9 x 2 = 18 (8+1=9)
9 x 3 = 27 (7+2=9)
9 x 12 =
108 (1+0+8=9)
 
In Hindu religion, number 9 is very important. Keeping the importance of number 9, Rishi Vyas has created 9 Purans, 108 MahaPuran (Upnishads). Mahabharat has 18 chapters, Geeta has 18 chapters, Bhagavat has 108000 Shloks (verses).
The addition of digits of number
108 is 9, and number 9 is related with Brahma, that's why 108 is very important, and came into lot of Indian scriptures.
Indian Vedas, treats the Sun as God, and Sun has 12 signs (Zodiac signs). In Yajurved, Sun is related with Lord Brahma (the number 9), remember - 12 x 9 = 108; therefore for Gods Prayer, the number 108 is very sacred.
According to Indian mythology, there are 4 Yugas
SatYuga - consists of 172,800 years 1+7+2+8 = 18 = 1+8 = 9
TretaYuga consists of 1296000 years 1+2+9+6 = 18 = 1+8 = 9
DwaparYuga consists of 864000 years 8+4+6 = 18 = 1+8 = 9
KaliYuga consists of 432000 years 4+3+2 = 9
Harshad number: 108 is a Harshad number, which is an integer divisible by the sum of its digits (Harshad is from Sanskrit, and means "great joy")
Desires: There are said to be 108 earthly desires in mortals.
Lies: There are said to be 108 lies that humans tell.
Delusions: There are said to be 108 human delusions or forms of ignorance.
Heart Chakra: The chakras are the intersections of energy lines, and there are said to be a total of 108 energy lines converging to form the heart chakra. One of them, sushumna leads to the crown chakra, and is said to be the path to Self-realization.
Sanskrit alphabet: There are 54 letters in the Sanskrit alphabet. Each has masculine and feminine, shiva and shakti. 54 times 2 is 108.
Pranayama: If one is able to be so calm in meditation as to have only
108 breaths in a day, enlightenment will come.
Upanishads: Some say there are 108 Upanishads, texts of the wisdom of the ancient sages.
Sri Yantra: On the Sri Yantra there are marmas where three lines intersect, and there are 54 such intersections. Each intersections has masculine and feminine, shiva and shakti qualities. 54 times 2 equals 108. Thus, there are 108 points that define the Sri Yantra as well as the human body.  The angle formed by two adjacent lines in a pentagon equals 108 degrees.
Pentagon: The angle formed by two adjacent lines in a pentagon equals 108 degrees.
Marmas: Marmas or marmasthanas are like energy intersections called chakras, except have fewer energy lines converging to form them. There are said to be 108 marmas in the subtle body.
Time: Some say there are 108 feelings, with 36 related to the past, 36 related to the present, and 36 related to the future.
8 extra beads: In doing a practice of counting the number of repetitions of the mala, 100 are counted as completed. The remaining are said to cover errors or omissions. The 8 are also said to be an offering to God and Guru.
Chemistry: Interestingly, there are about 115 elements known on the periodic table of the elements. Most of those, around or higher than the number 100 only exist in the laboratory, and some for only thousandths of a second. The number that naturally exist on Earth is around 100.
Astrology: There are 12 constellations, and 9 arc segments called namshas or chandrakalas. 9 times 12 equals 108. Chandra is Moon, and kalas are the divisions within a whole.
River Ganga: The sacred River Ganga spans a longitude of 12 degrees (79 to 91), and a latitude of 9 degrees (22 to 31). 12 times 9 equals 108.
Planets and Houses: In astrology, there are 12 houses and 9 planets. 12 times 9 equals 108.
Goddess names: There are said to be
108 Indian goddess names.
Gopis of Krishna: In the Krishna tradition, there were said to be
108 gopis or maid servants of Krishna.
Sun and Earth: The diameter of the Sun is 108 times the diameter of the Earth. The distance from the Sun to the Earth is 108 times the diameter of the Sun.
Moon and Earth: The average distance of the Moon from the Earth is 108 times the diameter of the Moon.
Silver and the Moon: In astrology, the metal silver is said to represent the moon. The atomic weight of silver is 108.
Numerical scale: The 1 of 108, and the 8 of 108, when added together equals 9, which is the number of the numerical scale, i.e. 1, 2, 3 ... 10, etc., where 0 is not a number.
Meditations: Some say there are 108 styles of meditation.
Breath: Tantra estimates the average number of breaths per day at 21,600, of which 10,800 are solar energy, and 10,800 are lunar energy. Multiplying 108 by 100 is 10,800. Multiplying 2 x 10,800 equals 21,600.
Paths to God: Some suggest that there are 108 paths to God.
Smaller divisions: The number 108 is divided, such as in half, third, quarter, or twelfth, so that some malas have 54, 36, 27, or 9 beads.
Hinduism: 108 is said to refer to the number of Hindu deities. Some say that each of the deities has 108 names.
Islam: The number 108 is used in Islam to refer to God.
Jain: In the Jain religion, 108 are the combined virtues of five categories of holy ones, including 12, 8, 36, 25, and 27 virtues respectively.
Sikh: The Sikh tradition has a mala of 108 knots tied in a string of wool, rather than beads.
Buddhism: Some Buddhists carve 108 small Buddhas on a walnut for good luck. Some ring a bell 108 times to celebrate a new year. There are said to be 108 virtues to cultivate and 108 defilements to avoid.
Chinese: The Chinese Buddhists and Taoists use a 108 bead mala, which is called su-chu, and has three dividing beads, so the mala is divided into three parts of 36 each. Chinese astrology says that there are 108 sacred stars.
Stages of the soul: Said that Atman, the human soul or center goes through 108 stages on the journey.
Meru: This is a larger bead, not part of the 108. It is not tied in the sequence of the other beads. It is the quiding bead, the one that marks the beginning and end of the mala.
Dance: There are 108 forms of dance in the Indian traditions.
Praiseworthy souls: There are 108 qualities of praiseworthy soul.
First man in space: The first manned space flight lasted 108 minutes, and was on April 12, 1961 by Yuri Gagarin, a Soviet cosmonaut.
Time: Some say there are 108 feelings, with 36 related to the past, 36 related to the present, and 36 related to the future.

Friday, May 10, 2024

ICT T.G.I.F. (Thank God It's Friday) Setup | Darya Filipenka

Algorithmic trading is a method of executing trades using pre-programmed instructions or algorithms that automatically trigger trades based on certain conditions. It's a fascinating approach that can help traders make more precise and efficient decisions. Now, let's focus on a specific algorithmic trading model called the TGIF (Thank God It's Friday) setup. This is a day-based algorithmic trading model that can be applied to all assets. As the name suggests, this model is designed to be used on Fridays. The TGIF setup focus is on a market pullback into the current weekly range. It is particularly effective when anchored against higher time frame analysis.

» In the last portion of Friday’s trading, if it hasn't occurred yet, you can expect some retracement of the weekly range. «

When using the TGIF setup it's crucial to approach from a top-down perspective. This means starting with higher time frame analysis, such as monthly or weekly charts, to get a broader view of the market's direction. In candlestick analysis, there is a concept called the ICT Power of 3. This refers to a specific pattern and distribution phase that can indicate a potential reversal or exhaustion in the market. By studying the one-month chart, you identify the weekly range and its key levels. You apply Fibonacci levels to pinpoint the sweet spot where the TGIF setup is likely to occur. You also conduct top-down analysis by examining higher time frame charts to get a broader view of the market's direction. Keep an eye out for the ICT Silver Bullet formation. 


To apply the TGIF setup, follow these steps:
  1. Start by analyzing the higher time frame charts, such as monthly or weekly charts, to get a broader view of the market's direction.
  2. Identify the Weekly Range Profile and its key levels, such as the High and the Low of the range.
  3. Use Fibonacci levels to pinpoint sweet spot where the TGIF setup is likely to occur.
  4. Look for the pullback into the weekly range.
  5. Pay attention to the ICT Power of 3 pattern in candlestick analysis, which can indicate potential reversals or exhaustion.
  6. Keep an eye out for the ICT Silver Bullet formation, a powerful pattern that provides valuable insights into market dynamics.
  7. Combine all these analysis techniques to make informed trading decisions using the TGIF setup.