Nice trade Vinster. Could you please post a screen shot of that trade because I do not see an OTE from last night on the hourly for either pair? I’m trying to see what I am missing.
Vinster:
Based on the Trade Plan Part 5 and Market Mapping, which describe trading off a 1h TF in a way friendly for traders who have day jobs, I’m looking at getting in at the hourly OTE, which may mean not getting in during kill zones. The premise is that the 1h market structure will tend to hold in line with higher TF analysis. So…
Got in yesterday at OTE during Asia’s session with the expectation 1h market structure would hold. Pulled in 40 pips on both Cable and Fiber last night. Since my risk is managed and I have software taking first tap and moving stops to BE for me, I slept like a baby.
I see it now…just had to zoom in…nice one Vinster.
Vinster:
Based on the Trade Plan Part 5 and Market Mapping, which describe trading off a 1h TF in a way friendly for traders who have day jobs, I’m looking at getting in at the hourly OTE, which may mean not getting in during kill zones. The premise is that the 1h market structure will tend to hold in line with higher TF analysis. So…
Got in yesterday at OTE during Asia’s session with the expectation 1h market structure would hold. Pulled in 40 pips on both Cable and Fiber last night. Since my risk is managed and I have software taking first tap and moving stops to BE for me, I slept like a baby.
I’ve seen some videos and I have a day job. I’m very interested in Trading Plan part 5. Can you share a link?
Seeing a possible breakdown (Tipping of the hand) on the 5 minute Fiber/Cable.
Just sign up to Inner Circle Trader’s you tube channel, all of ICTs videos are there including the trading plan part 5
Hit SL and went short again on the same premise, this time on the longer term OTE and the 1.32800 resistance:
nice Dodge…do you have anymore supporting factors for this trade like SMT divergence, open interest, COT, yields?
Vinster
December 27, 2012, 9:30am
4331
Don’t forget the market mapping video also.
DroneTrading:
nice Dodge…do you have anymore supporting factors for this trade like SMT divergence, open interest, COT, yields?
Yes, pretty much the same as my trade from last night.
Shaer
December 27, 2012, 11:06am
4333
Seems USDX playing ‘Z’ day!!!
Bones123
December 27, 2012, 11:58am
4334
Bones123:
I’ve been short at the 1.63 lvl on the cable since the 19th, with a very very small position taking off small portions as it went down and retraced back up…I didnt really want to take on any trades especially around christmas time but it seemed to good to pass up, with the major resistance level, SMT divergences, some COT data etc etc…I pretty much only took it to build up my psychological strength, learning to trust levels and everything. Because it would have been very easy to just say “yea i WOULD HAVE traded that level because of the tools” but its a whole different ball game to be able to say “i DID trade and trust that level because of the tools” and that is something i’d like to work on
I’ve gotten out a little earlier than I would have liked , but its been a nice 200 pip drop these past few days since the 1.63 fig :35:
Based on the Trade Plan Part 5 and Market Mapping, which describe trading off a 1h TF in a way friendly for traders who have day jobs, I’m looking at getting in at the hourly OTE, which may mean not getting in during kill zones. The premise is that the 1h market structure will tend to hold in line with higher TF analysis. So…
Got in yesterday at OTE during Asia’s session with the expectation 1h market structure would hold. Pulled in 40 pips on both Cable and Fiber last night. Since my risk is managed and I have software taking first tap and moving stops to BE for me, I slept like a baby.
Hi Vinster, could you let me know what software you use to manage first tap and sl managing? Many thanks
Hi Dodge, how do you show correlated pair’s graph on one chart please? Thanks
I meant to ask this to Drone Trading
DodgeV83
December 27, 2012, 12:28pm
4337
Closed for +60 pips
If you consider the earlier loss, it is a net gain of +2%. Currently up 8% for the last two weeks.
Vinster
December 27, 2012, 2:46pm
4338
Multipurpose trade manager. Google Steve hopwoods site.
I’m watching the video called “Short Term Trading - Inner Circle Trader ” based on MA and Fractals.
peterma
December 27, 2012, 3:08pm
4340
I’m guessing you are a student of PA - good - the core principle of all ICT teaching is exactly that - his most recent videos deliberately left out many of his tools for that very reason - to see and learn pure price action - where is price coming from, to where is it trying to reach, to where will it be ‘engineered’ - why is it reacting as it does, where is structure broken etc etc.
The bad news is that there is no point in just choosing a particular video or videos to start the learning curve, you have to start at the beginning.
I read recently a poster say that the ICT videos can be boring - absolutely brilliant, that is exactly what trading can be - the excitement is often found in the casino, so if you want to learn then be prepared to be bored - by a lot of hard work.
Is the work worth it? - big time yes.
