Sorry this is so overdue, yesterday was pretty hectic!
Pair: GBP/USD
Bias: LONG
Entry: 1.6160
Exit: 1.6200 (50%), rest sitting with stops at BE
Result: [B]+40 pips[/B] (50%)
Itās actually quite strange that I would go against the H4 market flow again having just experienced a nice loss on Wednesday doing the exact same thing. But nevertheless, it worked
Reasons for entry:
Judas swing down into major support level (1.6160)
1.6160 had proven itself as a strong support level in the past (scroll back a couple of days and take a look)
Pivot Buy zone at S1 (we touched this during LO, my entry was when price came back down to 1.6160 during NYO)
Just an update - I havenāt traded the past couple of days, Iāve just been swamped with other things (joined a new gym) and so I havenāt checked the charts in awhile, but I did notice we dropped below 1.30, very interesting! I will hopefully be back up and running tomorrow or Thursday, raking in the pips ICT-style!
Right so straight back into the fray starting tomorrow! Whether I take a trade or not is a different story, but nevertheless, I have decided to also include the myfxbook link I mentioned before, so that I canāt hide away any glaring errors I want to maintain full transparency, so please also feel free to point out my lapses in risk management and trading at inappropriate times of day.
Just to point out; my goal in trading is to build up a small account to something huge using the wonders of compounding, so I have no intention of withdrawing any of this money. I will, however, be making withdrawals from the accounts of others, God-willing
Man am I trading like a retard Iām going to take a break for a week or two until things have settled down with the job - I am repeating my same mistakes from before, the most significant of which would be trading without proper charts and the usual ICT toolsā¦
I will include my analysis after work In conclusion I think the LO trade was a loss because I entered even when I knew the ideal entry would be around 1.2580 (my stupidity ;)). Nevertheless, a bit of positive progress to reaching break-even again is always welcome!
I think its scary, i take a lot of the same trades you do! lol
Posted mine in Millionaire guild threadā¦ I got in at the 1.258 at LO, but could have even got in at 1.26 figā¦
Still got mine open, but taken 3/4 off
My target for GBPUSD was 1.5600 as shown below. This was primarily due to the fact that we hadnāt yet reached the 161.8 level on the Monthly Traderās Trinity, so this week I was waiting for a nice opportunity to get in short, and that arrived during this morningās LO.
Price rose nicely during LO and just took out the previous dayās high at 1.5716 (was hoping for an entry of 1.5720).
Market flows were bearish, so no reason not to take that short!
In addition, there was some nice bearish divergence between EU and GU during LO and between GU and USDX.
Pair: GBPUSD
Bias: SHORT
Entry: 1.5710
SL: 1.5740
Exit: 1.5641 (S1 Pivot)
Result: [B]+70 PIPS[/B] (Closed entire position for this amount, as I was unable to access my broker at work)
So today I managed to reel in another cracker amounting to 74 pips I may not win any prizes for the best trades ever, but I am extremely pleased with this progress, as I am now up to 9% in profit, which is almost unbelievable considering the fact that before I took my break of 1 week, I was down in the red!
Anyway, given that I have far exceeded my goals for the week, and also given that Friday is NFP, I will most certainly be calling it a week with a rather large smile on my face
In my eyes, the 1.55 level remains a key level. As I mentioned before in my analysis, the monthly traderās trinity (161.8 level) lines up nicely around this area, as does the OTE from the low on 13/01/2012 to the
high on 30/04/2012 (looks like weāre about to break this level though!)
OTE during NYO at 1.56 fig, which also happened to be MS1:
Divergence on H1 chart (canāt remember if itās type 1 or type 2!!):
Price ducked down from LO and pulled back into the Asian range during NYO (what more could you ask for I ask??)
Nice Job PM. As ICT has pointed out in the past, I have found that leaving a small portion on and manually trailing SL behind previous two 5 min swing highs may help you squeeze out additional pips from your trade. You could have grabbed a cool 50 additional pips following that strategy on this trade.
Anyway, great trade and awesome progress.
I most certainly will - good advice! Iāve just been having a few issues with accessing my broker from work, so youāll notice I left the entire 100% on each trade for the full duration. It has actually ended up paying off big time, but my concern is that with the market being pretty much one-sided, things are a bit too easy, and when it reverses Iām going to get caught with my pants down so to speak! So I need to resolve this asap.
I will hopefully be back up and running tomorrow or Thursday, raking in the pips ICT-style! 
Iām going to take a break for a week or two until things have settled down with the job - I am repeating my same mistakes from before, the most significant of which would be trading without proper charts and the usual ICT toolsā¦
LESSON LEARNT!