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

[Kuzia]

This should answer all questions

[DroneTrading]

Ok…now I see what your talking about Johnny…I think…is this correct?

[BigInTheCity]

@DroneTrading

oops…your correct…this is fiber.

The 4h is still in a bullish market structure as well isn’t it?

thanks for the responses

Hi Drone

On the 4 hour chart I have market flow breaking down at point 1 and market structure breaking down at point 2

Uploaded with ImageShack.us

[jonnycab]

@DroneTrading

Ok…now I see what your talking about Johnny…I think…is this correct?

Yes, this is it. I would classify this as a swing point (kinda hard to spot though) as it formed a fractal before the push higher. It was also maintained during the consolidation period, but as soon as the SMT divergence occurred, I was looking for this point to be broken (I used it as my TP2 for my trade yesterday - tagged last night during Asia) to confirm that we are actually going to be bearish for the short term.

[Tarri]

Thanks Kuzia,

Does anybody use the Trinity concept? It seems it gives a good indication of where price wants to go. On todays break of the ‘bottom’ support line it seems the 200 extension points to 1.3020 ish which is in OTE zone and some other support confluences. When (if) arriving in this area, is SMT divergence the only (best?) indicator to see whether price will bounce there?

[DroneTrading]

Thanks Johnny and everyone for the quick responses…this thread rocks! :32:

[jonnycab]

@Tarri

Hi Jonnycab,

Why do you consider 1.3140 for MS break instead of 1.3175 (red arrow)? trying to understand.

1.3140 was the last fractal low to form before we started consolidating. During the consolidation we kept making higher lows from this point until we finally broke down yesterday. So I was targeting this area as an ultimate sign of a breakdown.

I used the other lows (such as the area you marked with the red arrow) as short term confirmation that we are definitely going in the right direction. Once they gave way, the 1.3140 was the last area of interest.

I was trying to locate a key low that has been maintained up until now. Should we break it, we may have a larger reversal in the works to the downside.

[DodgeV83]

Dodge, I have read some on VSA. Is there a quick reference chart that shows what your looking for? Or a rule of thumb? It seems high volume can mean it is going to keep going but sometimes it means it won’t go any more and then the next candle confirms sometimes or doesn’t but it only works at S/R. Maybe I’m too stupid to get it but I haven’t been able to sort it out.

Check this thread for a good summary:

http://forums.babypips.com/candlesticks-chart-patterns-price-action/41475-supply-demand-vsa-wyckoff-petefader.html

I don’t really follow it anymore, but when I see high volume correlate with what I’ve learned from ICT, I’ll pay attention to it.

[DodgeV83]

Short EUR/USD, will post screenshots and analysis soon…

[TommyL]

Yup! I use Oanda! I love the super fast execution of trades, the drag n’ drop functionality, the news indicator which is priceless, and all the other peripheral resources on their site like fxlabs, order book, interest rates etc etc etc…Top notch and very user-friendly!
And I use MT4 for charting & analysis, so I got the best of both worlds!

I use Alpari UK for long term trades (my last one was held for 4 months) and they seem fine so far.

Thanks for the replies gents…

[kubio]

Thanks Kuzia,

Does anybody use the Trinity concept? It seems it gives a good indication of where price wants to go. On todays break of the ‘bottom’ support line it seems the 200 extension points to 1.3020 ish which is in OTE zone and some other support confluences. [B]When (if) arriving in this area, is SMT divergence the only (best?) indicator to see whether price will bounce there?[/B]

…

Not necessarily the best, but it is up there. And most definitely not the only!

Ideally you want to see SMT divergence with the co-related pair and/or USDx (on 15m TF or higher), plus some oscillator (of your choice) divergence on min 1 hour chart. [U]Then[/U] wait for the market structure to brake in your anticipated direction (on 15m minimum, but better on 1H to be on the safe side), wait for the retracement (minimum 40 pips) and enter in the OTE area (or 50% depends where most confluences are stacked).

and thats about it.

I’m stalking that same 1.3 level too, btw.

Hope this helps a 'lil bit.

:41:

[lucariga]

Sorry for the noobs questions…

1. What’s the difference between market structure and market flow?
2. When we can consider MF or MS broken?

Just to clarify because of the above posts… Many thanks all

[TommyL]

Sorry for the noobs questions…

1. What’s the difference between market structure and market flow?
2. When we can consider MF or MS broken?

Just to clarify because of the above posts… Many thanks all

Kuzia’s post earlier had a screenshot explaining it. On the Android at the minute which isn’t good when viewing the pictures as doesn’t have the zoom but the screenshot is from the following thread.

http://forums.babypips.com/newbie-island/45248-ict-market-flow-structure-help-please.html

Take a peek, hope it helps!

Tommy

[goodpunk6]

Kuzia’s post earlier had a screenshot explaining it. On the Android at the minute which isn’t good when viewing the pictures as doesn’t have the zoom but the screenshot is from the following thread.

301 Moved Permanently

Take a peek, hope it helps!

Tommy

thanks for the link!

[DodgeV83]

@DodgeV83

Short EUR/USD, will post screenshots and analysis soon…

Entered on SMT Divergence

Just closed for +60 pips

Am now up 10% over the last 2.5 weeks or so, since I started posting trades live.

[Squidge]

Just re watched Larry Williams. Learn how to fall before learn how to fly and future millionaires trading course… All good stuff

[Jason_Rogers]

I’m in Aus and have a demo account with FXCM, but they do not have the USDX feed.

Hi Matt,

Here’s a free custom indicator that will let you view USDX on your FXCM account as shown below.

And the Dow Jones FXCM Dollar Index (USDOLLAR) is tradable on your account. You may need to add it to your Symbols list by clicking on the Symbols button on the Trading Station and selecting it as shown below.

If you have more questions about this, feel free to ask me in the Broker Aid Station.

Jason

[Vinster]

+64.8 pips, left some in.

Glad I did that. Nice to come home to see more.

I think we’re seeing the trend following banks having their stops taken out by the commercials. Every session is selling off.

I’m not vindictive…but it does make me smile a little.

[Superdeluxe]

Guys when you draw your fibs from recent swing hight to recent swing low for ote long, can i use 3 or 4 swing lows before recent low?

[jonnycab]

Glad I did that. Nice to come home to see more.

I think we’re seeing the trend following banks having their stops taken out by the commercials. Every session is selling off.

I’m not vindictive…but it does make me smile a little.

Great stuff Vinster, I love it when a plan comes together:

I guess a lot of repositioning is going on for the next “big move”. Lots of consolidation over the last 2 weeks. Possibly a retracement towards that 1.30/1.3020 level on the current range between 1.2880 and 1.3310. Plenty of potential support there for a bounce. (We’ve just tested that old high of 1.3127)

So nice when all the levels line up and play ball. The accuracy you can achieve still blows my mind for choosing TP levels!

Another good haul for you guys today. Keep up the good work!