Inner Circle Trader's Pro Traders Club 2012 - 2013 Series

Just got to wait for the signals :33:

There is quite a confluence of fib levels, S&R’s and harmonic numbers pointing around the 81.1-81.2 level so it does look like something reactive (corrective?) on the USDX might happen around that point.

Apart from getting my 100th post (woohoo) and seeing if it changes my newbie status would just like to add that perhaps the USDX may get a corrective response if Obama gets re-elected with his continued QE3 policy. Romney more of a risk-off approach in terms of sentiment for the markets…?

Interesting take…
The Election’s Implications For FX Markets | ZeroHedge

Now do you see it?

The 2 blue lines are illustrating exactly the same distances, as are the 2 red lines more or less, then what happened?

The level was rejected almost to the PIP!!

PIP accuracy on the daily chart!

It’s a technique I’ve been using for a long time, never on the Daily chart before though, measure the market, how often do you see ICT doing it? Yes, all the time.

Now lets see if this short term bullishness does send it up to it’s favourite level.

Limit orders at 1.2820? :smiley:

I’ve only just started using that technique of measuring the levels (usually on the higher time frames, Daily/4H TF). Its amazing how the length of the moves are pretty much bang on identical in a lot of cases!

For a short scalp maybe, but that 80 level is at the 60% retrace level, will it be the second chance at a long?

A current Bullish outlook is similar to a Skydiver believing he can fly

He’ll still bounce when he hits the ground :wink:

… and then followed by a lower bounce. ouch!

Looks like a S&D didn’t trade last night just had an inkling forgot there was an election

I calculated them myself from historical data pulled from dukascopy

A question for anyone who might know this:

A while back I had a great time following InnerCircleTrader’s youtube videos detailing his attempts to turn something like $10,000 into a million over several years (can’t remember how many years was the goal). I haven’t been able to see the results of this trial lately. Has anyone else been able to do so? I am really curious as to whether this can be done.

Thanks.

Of course it can be done, even with just 2 years. He posted a video a month ago or so where he showed the calculation that even with just starting I think with 3000 you can ideally make your first million with 3 years, by using only 2% risk maximum.

GLGT:57:

I’m not bragging, just reeling…

I opened three short positions (and no other trades other than one small intraday) last week based on SMT divergence of bond rates and the fact that bond yields are declining in general so EUR should go down. I used a small position and wide stop risking 2% of acct val. Those positions are now 160+ pips in profit and I’m trailing stops using fractals like ICT said to. I made a Sunday trading plan intending to stay out of the market Monday (like ICT advises) waiting for the weekly low to be established (ICT say this usually happens on any given Tuesday). I was sitting like a tiger in the tall grass waiting for this morning’s stop run. I got in at the OTE at 61.8% near 6am NY and got out at the weekly open price (which I never even knew would offer S/R). I only risked about 0.75% this morning but made more than a full percent. The live account is up more than 5% with the open positions and my TP today.

ICT, THIS IS ALL YOUR FAULT!!! Seriously thank you for what you are doing.

Did you jump in for this one? Couldnt help myself (after last weeks discussion about the institutional levels) and took it for a few pips.

Just had my short from 1.2820 filled, wrong time of the day I think… :frowning:

Missed the entry by 1 pip @ 14:15GMT, left the order open…

Will see how it pans out… I’ll be keeping the SL tight…

Thanks, this is good to know. I understand that it is theoretically possible to do so, but I guess I am wondering if anyone has done this on a consistent basis. I think one would need to have some insanely high ROI to even contemplate this, yes? Something like 300% yearly? Can anyone make those kinds of returns year after year?

Well the trade idea was good for 20 PIPS weren’t it, these levels are more important than I have ever noticed before, at a guess you got stopped out at BE?

I was looking at the chart this morning and it just looked like that 80 level wasn’t going to break, it was soup, then market structure is turning bullish on the 5m, soon as it cleared the 80 level after the MS change, it didn’t go there again, then where’s the next stop? The 20 level.

There were also other confleunces, not least the move size measurement I showed this morning.

Definitely, 30 pips to be exact! (Rule: 30 pips max intraday scalp counter-trend)

It basically bounced straight off the 80 and tagged the 1.2810 about 20mins later.

I closed my other short for about 3 pips around 18:00 GMT, I should have canceled that order around 16:00 after profit taking hour, but got caught up with something else…

Sorry Rod, but I’ve been like a little boy in a sweet shop waiting all day to put this on.

Last week, we had a telling off :slight_smile: do you remember?

I had my eye on it, but I was only focused on the levels, I didn’t want to be distracted, I’ sure some others got it, I think Vinster clearly did, but that’s why I was long from below 80 this morning :wink:

Anyway, remember what ICT said, “I didn’t see anyone talking about it on the forum”

So this week I think we have something to talk about;

Assuming the price won’t move much.

Tweezers! But also, on The NY daily (Open at 5am GMT), it has the potential to end up as railroads, or is it trams?