Nearly took my stop sat at 30pips!
Nice SMT Divergence with USD Index at the moment.
Nearly took my stop sat at 30pips!
Nice SMT Divergence with USD Index at the moment.
for those of you who are already strong in spotting MM profiles (Im still trying to get the hang of it…)
is the following roughly what youre seeing?
cable M15:
MMBuy completed with todays Asian range and a new possible MM sell started with todays judas down?
Might have maxed out already. Let’s see if it can stabilise below resistance. Might be time for a good old morning star on the hourly.
Note the use of “might” - can never be certain in this game
Lol that is awesome!
That was my first time to sell into a big fat green candle, what a rush. The bigger the better, right. Even if I get stopped out now, I had a great plan from Sunday and it unfolded, that is worth more to me than the trade itself.
collapsed the trade… damn i need to turn the charts off when in a trade…
EDIT.
Still Psychology issues to work on… away until NYO…
I think the main reason for me personally was the close of the hourly candle… oh well one for the journal
hahah it was just waiting for me to close my remaining enormous position of 700 units to rush up another 10-15 pips… these animals!
Looking great so far. The only thing is I don’t think we will see the 1.6160/70 level.
EU is in an OTE sell, and the GU looks like it is forming a MM sell Program
6160 is 20 pips away , and we still have the rest of the day to trade. I think we will hit it.
I’m not convinced, closed the trade @ 1.6140.
USDX bounced of the 79.98 level, SMT divergence between EU and GU, possible weekly high, the pinbar on the EU 5M, …
If GU makes an OTE from the top which just formed, I might go short to enter the MMSP
Yes, that’s MP, but unless I can see it on the hourly chart, I won’t consider it.
Took exactly the same trade pip for pip.
I was anticipating selling EU today but there was never a 1H breakdown where as I knew if GU hit that support level in LO I’d have to take it as a day trade. It had hourly support, hourly structure breaks and an SMT divergence at entry all in its favour.
Only using 2 TP’s and the second is 1.6175 incase the 4H top stops are hunted or i’ll just manual close it at LC.
I’ve closed my EU long trade. It turned out to be more of a scalp, but I made a bit more than 1% of my account, which is my daily goal, so I’m very happy
Looking at the 1H chart, do you think we will go in to consolidation soon, and then the start of a run lower, or what do you think will happen?
Daily goal of 1%.
Even very experienced pro traders struggle to achieve such figures, so i would be very interested to see how you do that. Not saying it can not be done! anything is possible and if you do manage to bag 1% every trading day then you are more successful then 99% of traders in the world.
Hope your goal is achieved and you share your system down the line…
Decided on my New Year’s resolution: “Only Trade (Fiber) in the LO KZ, for all 2013”
No fill in the hour before or after the LO will mean no trade for the day, despite the often numerous temptations at other times, designed I suspect to separate me from my money. :33:
Currently my overall “ICT method” trading record is a little (read tiny :56:) bit over BE, with nearly eighty percent of the loss trades occurring outside the LO KZ. Admittedly many, although certainly not all, of these loss trades are to test out the concepts, although all seems to come together, so far, only in the LO KZ, even when I have the wrong bias.
Hope this assists those just starting out with ICT’s concepts ie to paraphrase Michael’s previous advice -specialise on one pair, during a tight TZ, using as few tools as possible.
PS Suspect that NYO will be the beginning (51.26% probability)of a reversal, although will wait for tomorrow’s LO. :44:
I know it’s a bit much, but every newbie has to dream, right?
So far I’ve done it every day this week actually, but the week is only half way done… And, it might just be beginners luck, since it’s my first week trading live And one week doesn’t really tell you anything about how good or bad you are at trading!
What s**t analysis, I got owned on my short from yesterday!! -30pips!!! :56: LOL
I do like LO and it does seem to offer best rr ratio, as well as intra day trading! Nice resolution
I was thinking exactly the same starting next year!!!