Inner Circle Trader's Pro Traders Club 2012 - 2013 Series - Page 537
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  1. #5361
    Join Date
    Nov 2011
    Location
    Australia
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    582
    Quote Originally Posted by rod178 View Post
    Unfortunately these days I mostly see only Old Hags.

    Volume - very high on current H candle. ie the big wick down.

    Entered Long on the wick

    Suspect that this will be a Z Day
    Have taken first TP 30 pips
    Final TP 13380

  2. #5362
    Quote Originally Posted by purplepatchforex View Post
    Yes on IBFX, except I use my own colourful take on it, just to highlight the trading zones easier.

    Indicators
    PP, I just can't see this, the volume increase always seems after the event to me, could you explain a bit more please.

  3. #5363
    Join Date
    Nov 2011
    Location
    Australia
    Posts
    582
    Quote Originally Posted by jonnycab View Post
    Likewise, but I went long @ 1.3280, 15 pip SL, came close too, but 50% off at 30 pips... I think I'll probably be stopped out, as im now at BE, but I'll be watching NYO for another chance for a Long.

    Some divergence too, lower highs in the USDX, lower lows in the Fiber, higher lows in the Cable (only just)....
    I'm still thinking of the T-Rex during the AS.

    Suspect that Fiber may go a lot higher, although I'll be all out at 13380 due to my other suspicion of a Z Day

  4. #5364
    Join Date
    Feb 2010
    Location
    Wales is beautiful country.
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    3,823
    Quote Originally Posted by SteveB View Post
    PP, I just can't see this, the volume increase always seems after the event to me, could you explain a bit more please.
    It's the amount of change, a spike, it will always be subjective as everything else, but it's anything that stands out really.

    Name:  volillus.png
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  5. #5365
    Join Date
    Nov 2011
    Posts
    2,514
    Quote Originally Posted by rod178 View Post
    I'm still thinking of the T-Rex during the AS.
    i would say that you are not far wrong - compare the 2 Asain Sessions - the fibre and Us 10YR price - remember they usually act inverted.

    notice the sharp rise in the 10yr WHILE fibre also was rising - this divergence very often indicates a false move, often I've seen that the bond market is right.

    Also notice the doji on the 10yr up at the asian high later on, guess what time that is - 9.00 -9.15 gmt,
    Now check the 9.15 candle on mt4 on fibre - checking my feed in my live a/c - that fibre action was 15mins later.

    There were 2 heads up this morning from the 10 yr divergence - the first after AS that the fibre rise was judas and the second was at 9.00 LO that the fall had reached an end.

    Attachment 39481

  6. #5366
    Join Date
    Jul 2012
    Location
    Birmingham,UK
    Posts
    270
    Yes Sir

    Quote Originally Posted by InnerCircleTrader View Post
    You have a Workshop this week yes?


    __________

  7. #5367
    Quote Originally Posted by purplepatchforex View Post
    It's the amount of change, a spike, it will always be subjective as everything else, but it's anything that stands out really.

    Name:  volillus.png
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    OK. Thanks I will keep watching.

  8. #5368
    Join Date
    Jun 2012
    Posts
    671
    Quote Originally Posted by jonnycab View Post
    Likewise, but I went long @ 1.3280, 15 pip SL, came close too, but 50% off at 30 pips... I think I'll probably be stopped out, as im now at BE, but I'll be watching NYO for another chance for a Long.

    Some divergence too, lower highs in the USDX, lower lows in the Fiber, higher lows in the Cable (only just)....
    Well, this was decent, closed out remaining position @ 75 pips.

    Its days like these that really illustrate the importance of using a tight SL to achieve big reward to risk.

    Trading today:

    15 pip SL @ 2% risk.

    50% closed @ 30 pips, giving me 2% return.
    50% closed @ 75 pips, giving me a further 5% return.

    I think we're going to continue up, but Im sure we'll get another opportunity to get Long

  9. #5369
    Join Date
    Oct 2011
    Location
    Mile after Magnificent Mile
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    1,818
    Quote Originally Posted by PipNRoll

    Did you check cable too? I am long at 1.5835 earlier. It looks oversold to me. So far so good
    Is it just me took Cable long?

  10. #5370
    Quote Originally Posted by PipNRoll View Post
    Is it just me took Cable long?
    Im with you

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