Inner Circle Trader's Pro Traders Club 2012 - 2013 Series - Page 264
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  1. #2631
    Join Date
    Oct 2011
    Location
    Ohio, USA
    Posts
    87
    Quote Originally Posted by mostwantedpip View Post
    Isn't NYOKZ @ 11gmt to 13gmt?
    Just checked Clints post and indeed it is!
    Dang!.... I stand correct then... I current have the one that ICT Kill Zones on my trading desk that say Effective Date: Sunday Nov 4 2012 through Friday March 8, 2013... and it have thes GMT NYOKZ being 12->14 which is 7am-9am est my time....... so I guess this would be the grey area....

  2. #2632
    Join Date
    Aug 2010
    Location
    Romania
    Posts
    429
    mostwanted, one comment on the stop location at 6061.

    If you were short at 6035, then trade doesn't work right.. and you decide to buy time perhaps looked for possible stop location and prior swing high comes at 6056, easy to notice, from 56 let's make it an even 60 even 61. This way have 5 pips over prior high just in case these banks want to do a stop run over 56, and that seemed unlikely when you took the short - if i understand the trade ok.

    but then many people would have seen that same swing point, and there would be many buy stops from before, and new stop loss from people sharing the same short view as you. I think it's safe to assume when a trade does not work out, that plenty of people are in same predicament, and they would be looking to fix the trade somehow. that will make stops pile up someplace obvious, and you do not, absolutely NOT want your stop there. If anything, you would want to make their stop loss, your limit entry.

    cheers! and good trading



    Quote Originally Posted by mostwantedpip View Post
    Man i got burnt yesterday with my entry on cable. Was going to enter fibre, but couldn't see that MS break on 15 min , so i held of scrolling trough charts as we do and noticed cable presenting that opportunity. So i pulled a fib from the bounce 1.6046 to 1.6012 and got a fill @1.6035 i know it was terrible me to blame as i was a little impatient . Price did not go far enough for me to take some profit and remaining position at BE, so i i decided to carry the trade over to today. What a mistake that was. . The saddest part of all this is that my stop was right @1.6061...

  3. #2633
    Join Date
    Oct 2011
    Location
    Ohio, USA
    Posts
    87
    Quote Originally Posted by jpblack1 View Post
    Are we headed to 2970?
    BAM!!! In your face Trolls!!! Thanks ICT....

    PS: You might what to TM that statement!

  4. #2634
    Join Date
    Feb 2012
    Posts
    25
    Quote Originally Posted by jpblack1 View Post
    Dang!.... I stand correct then... I current have the one that ICT Kill Zones on my trading desk that say Effective Date: Sunday Nov 4 2012 through Friday March 8, 2013... and it have thes GMT NYOKZ being 12->14 which is 7am-9am est my time....... so I guess this would be the grey area....
    Right because the question is iffy, ICT released past spring a tutorial about it called "Inner Circle Trader: Trading The Key Swing Points", this is the link:

    Inner Circle Trader: Trading The Key Swing Points - YouTube

    ICT himself mentioned it in the last PTC video (min 9:30) in replay to a question about killzones he received on Twitter : in the tutorial NYO is 11-14 GMT.

    His policy is to keep the same settings despite the time switches over the year.

  5. #2635
    Join Date
    Oct 2011
    Location
    Ohio, USA
    Posts
    87
    And we are now back at the Weekly Open 2975

  6. #2636
    Join Date
    Oct 2011
    Location
    Ohio, USA
    Posts
    87
    Quote Originally Posted by Pips and Mandolino View Post
    Right because the question is iffy, ICT released past spring a tutorial about it called "Inner Circle Trader: Trading The Key Swing Points", this is the link:

    Inner Circle Trader: Trading The Key Swing Points - YouTube

    ICT himself mentioned it in the last PTC video (min 9:30) in replay to a question about killzones he received on Twitter : in the tutorial NYO is 11-14 GMT.

    His policy is to keep the same settings despite the time switches over the year.
    Now that you mention it I think I do remember him saying that.... I'll change all the start time up by an hr..... Thanks PM for the help and link...

  7. #2637
    Join Date
    Oct 2011
    Location
    Ohio, USA
    Posts
    87
    Quote Originally Posted by jpblack1 View Post
    /DX 80.35 is getting alot of action
    and there it is again

  8. #2638
    Join Date
    Jul 2012
    Location
    Birmingham,UK
    Posts
    270
    Quote Originally Posted by IbePippin View Post
    mostwanted, one comment on the stop location at 6061.

    If you were short at 6035, then trade doesn't work right.. and you decide to buy time perhaps looked for possible stop location and prior swing high comes at 6056, easy to notice, from 56 let's make it an even 60 even 61. This way have 5 pips over prior high just in case these banks want to do a stop run over 56, and that seemed unlikely when you took the short - if i understand the trade ok.

    but then many people would have seen that same swing point, and there would be many buy stops from before, and new stop loss from people sharing the same short view as you. I think it's safe to assume when a trade does not work out, that plenty of people are in same predicament, and they would be looking to fix the trade somehow. that will make stops pile up someplace obvious, and you do not, absolutely NOT want your stop there. If anything, you would want to make their stop loss, your limit entry.

    cheers! and good trading
    Thanks Ib for the advice. I must admit i was going to place a flat 30 pip stop, but greed and prior loses got the better of me ,so i made a wrong decision to lower it and that round 60 number looked appealing and just to be safe i added 1 pip on to. Looking at it hindsight seems obvious the stops could have been raided.
    Despite the set back yesterday i pulled the trigger again today even tough i was very upset with cable punishing me, entered once again today at 1.6050 it did go 10 pips above my entry before reversing and sliding lower so i am 50 pips in profit. One thing i did is lower my risk on this trade to bare min 0.10 so its equivalent 10p per pip minimum i could go for.
    Only problem i can't close any part of the trade and let the remaining portion run so will hold out until profit taking hr 15 gmt and see where i stand.
    Ps my first 50 pip trade let hope there are many more to come.
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  9. #2639
    Join Date
    Oct 2010
    Location
    UK
    Posts
    500
    Quote Originally Posted by mostwantedpip View Post
    Man i got burnt yesterday with my entry on cable. Was going to enter fibre, but couldn't see that MS break on 15 min , so i held of scrolling trough charts as we do and noticed cable presenting that opportunity. So i pulled a fib from the bounce 1.6046 to 1.6012 and got a fill @1.6035 i know it was terrible me to blame as i was a little impatient . Price did not go far enough for me to take some profit and remaining position at BE, so i i decided to carry the trade over to today. What a mistake that was. . The saddest part of all this is that my stop was right @1.6061...

    I thought i was being so good this week resisting chasing price! lookin at my HTF levels, anticipating, using MS to enter trades, sticking mainly to 4 hr time frames. So i maybe on to something, but still losing money. I think something is missing in my trading, i dont know what it is.
    What can i do or not do to minimise from this happening again?
    THanks all
    Me personally, I am only looking at D1 & H4 charts for MS insight, I only use the smaller TF's to see where the stops are resting so I can choose my limit entry.

    I've been waiting for this 1.3020 level since the 18/11/2012 and hipefully patience has paid off. I did feel that I had missed the boat earlier this week but resisted chasing the price. I don't like the smaller TF's they confuse me and I end up reading too much into the MS/MF.

  10. #2640
    Join Date
    Jun 2012
    Posts
    671
    Quote Originally Posted by mostwantedpip View Post
    Ps my first 50 pip trade let hope there are many more to come.
    Congrats! Keep at it, be patient and dont dwell too much on previous losses. Learn and move on.

    Nice end to the week for me too. Limit short @ 1.3018 triggered (that trade was placed on Sunday night in the hope we'd hit it Monday/Tuesday LOL. And reentry short at 1.3010 (OTE zone on PPFX chart).

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