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Thread: The Wolf Pack -- ICT Tools & Concepts in Action --

  1. #431
    CryAgony's Avatar
    CryAgony is offline Senior Member
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    AUDUSD is showing a OTE (H1), close to the High of the bearish channel. Higher TF's trend is bearish as well.

    There is a short-term 1st type bear stoch div and between point 1 and point 3 of OTE there is a 2nd type stoch bear divergence + stoch in overbought in general.

    I entered trade one h1 candle after the ote formation

    Seems a good setup to me... we will see how it ends up!

    GLGT!

    PS: OTE is also corresponding to a daily pivot R (MR1)
    Last edited by CryAgony; 04-11-2012 at 09:59 AM.


  2. #432
    FXTraderCro's Avatar
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    Caught a Fiber OTE long slightly above 3100, 3150 was already hit, leaving 50 % for LC with manual trailing. MF is up

  3. #433
    akaAni is offline Newbie
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    Quote Originally Posted by FXTraderCro View Post
    Caught a Fiber OTE long slightly above 3100, 3150 was already hit, leaving 50 % for LC with manual trailing. MF is up
    Nice! I did a similar trade, but took everything off around the 3155 level. I lost on a couple of trades live yesterday so I was too nervous to trade today. So just my luck when I get 50 pips its on my demo. Ah well, learning is learning and +50 pips is great news. Good stuff on leaving it running though, should be around +80 or something for you!
    FXTraderCro likes this.

  4. #434
    OMFX is offline Newbie
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    Quote Originally Posted by FXTraderCro View Post
    Caught a Fiber OTE long slightly above 3100, 3150 was already hit, leaving 50 % for LC with manual trailing. MF is up
    Good one TraderCro! I missed entry due to over slept.

  5. #435
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    Hello all. I have just started to learn the ICT techniques. Took a demo trade today on fibre and bagged 60 pips. I just wanted to know if im doing it the right way.

    Long Entry at 1.3116 n Exited at 1.3176( cross mark).
    Reasons for Entry:

    1) OTE ( Not sure if i had done it the right way )
    2) Price could not break the monthly support ( Blue color line )
    3) In the H4 and D TF, After the indecisive candles at the physc n support level 1.3000, bullish candle formed signaling there might be a bullish trend for a while.

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    P.S - I was looking at the Daily n H4 bias and putting down the OTE for taking the trades ( either long or short ). Im not going for the counter trades. Does anyone here conter trade often ?

  6. #436
    StephA is offline Junior Member
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    Quote Originally Posted by gs8888 View Post
    Hello all. I have just started to learn the ICT techniques. Took a demo trade today on fibre and bagged 60 pips. I just wanted to know if im doing it the right way.

    Long Entry at 1.3116 n Exited at 1.3176( cross mark).
    Reasons for Entry:

    1) OTE ( Not sure if i had done it the right way )
    2) Price could not break the monthly support ( Blue color line )
    3) In the H4 and D TF, After the indecisive candles at the physc n support level 1.3000, bullish candle formed signaling there might be a bullish trend for a while.

    Name:  aum30.jpg
Views: 293
Size:  27.6 KB

    P.S - I was looking at the Daily n H4 bias and putting down the OTE for taking the trades ( either long or short ). Im not going for the counter trades. Does anyone here conter trade often ?
    Looks good to me.
    Another basic confluence you can add if you wish the pivot zone (Buy and Sell zone). I personally never counter trend trade but I believe there are others posting on this thread who do and getting good results.

  7. #437
    StephA is offline Junior Member
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    3rd trade of the month for me today and took a 2nd loss this week:

    - Cable
    - Long entry at 1.5937
    - 4hr flow bullish
    - Buy Zone
    - 1 hr OTE
    - LO Kill zone

    I can't stress enough how helpful it is to have a large sample size of trades back tested and logged. I can refer back to over 100 of them and feel confident that I am still trading a plan which is profitable.

    I am still sticking to my trading plan religiously and am also feeling very comfortable trading the current live account amount mentally. The account currently stands at -2% for this month. If trading results are not unusual by the end of this month, the account will be funded higher once again for May.

  8. #438
    gs8888's Avatar
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    Quote Originally Posted by StephA View Post
    Looks good to me.
    Another basic confluence you can add if you wish the pivot zone (Buy and Sell zone). I personally never counter trend trade but I believe there are others posting on this thread who do and getting good results.
    Thnz for the reply. Im still learning and just wanted to take it in the right way. OTE along with pivots are really helping me in spottin good trades..

  9. #439
    mozdef is offline Junior Member
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    Quote Originally Posted by StephA View Post
    3rd trade of the month for me today and took a 2nd loss this week:

    - Cable
    - Long entry at 1.5937
    - 4hr flow bullish
    - Buy Zone
    - 1 hr OTE
    - LO Kill zone

    I can't stress enough how helpful it is to have a large sample size of trades back tested and logged. I can refer back to over 100 of them and feel confident that I am still trading a plan which is profitable.

    I am still sticking to my trading plan religiously and am also feeling very comfortable trading the current live account amount mentally. The account currently stands at -2% for this month. If trading results are not unusual by the end of this month, the account will be funded higher once again for May.
    You also had the stinger....I basically took the same setup and loss except in the fiber. I'm also down about 2.5% this month.

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  10. #440
    StephA is offline Junior Member
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    Quote Originally Posted by mozdef View Post
    You also had the stinger....I basically took the same setup and loss except in the fiber. I'm also down about 2.5% this month.

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    Good to know. Even the most perfect trade setups may not pan out as we expect. The key in my mind is to keep taking the same trade setup if re-appears without fear or hesitation.

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