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

[mostwantedpips]

@IbePippin

yes good material. written in a slower pace, which is an advantage for ease of understanding.

i think it’s prudent what you did closing out part position. 'm in a long in gbp-jpy, that’s where i saw the swing, not this one. Do you draw by hand or have an indicator for the harmonics?

I have 2 indicators one Kar one Zap.
Sometimes i draw the pattern by hand, but having indicators for it is very useful has 1 they alert you if a pattern is present2 give you rough entry point 3 train your eye to spot them easier. I use them primeraly as confirmation .
They work very well with MS and FIB OTE as well as reflection
zup harmonic indicator.zip (67 KB)KorHarmonics+[v6.7.13].ex4.zip (337 KB)

[lucariga]

Long on Cable… OTE daily and OTE 4HR. Anyone?

[Ridethetrend]

Hah, just as I thought, I’ve not looked at the forum since Christmas, I’ve been focusing on my trading, but just as I thought most of you guys are all over the place, soon as I heard Wolfe Waves mentioned, I knew the thread would be littered with Wolfe Waves, and no surprise I was right.

Personally I’m not a fan of Wolfe Waves, but that is by the by, but the point I want to make is that most of you are trying to use every single tool on every single timeframe, or even worse looking at weekly charts and COT analysis and trading off the 5 min, that is WRONG, they do not go together.

You must get your heads around the basics and know what to use and when to use it.

ICT has done a matrix of this in TD4 - USE it.

Traders Development Part 4

I use Asian high and Asian Lows Daily TF SR, MS, MP, and I use a couple of indicators to confirm my H&S patterns, the most reliable pattern there is, it’s part of market profile, H&S and MS go together hand in hand.

That is all I use, and it didn’t stop me bagging exactly 200 PIPS last week on that nice move, and I only bagged 200 PIPS exactly because I thought it looked cool on my trading record, it was quite clear there was a little bit more in there, but that 200 PIP marker will serve as a milestone.

SO get the basics right, build up from a foundation, is your foundation isn’t right, your trading will collapse.

Super P glad your back, always like your input and ideas. How about you share with us how you bagged the 200 pips
that would be more helpful then coming in and lashing everyone with the best tools to use.

Just a thought !

[peterma]

Market order vs limit order.

I learned a good lesson today - posting it so it will get logged into my brain.

I’m studying the charts - I have a trade premise in mind - the price action starts to play out like I had seen in my mind so I reach for the trigger and press.

ICT teaches ‘let the market come to you’, I entered short at the market with a 15pip stop - 35pip TP - good r/r you might think.

My SL came to within 1 pip of getting hit (so I was just lucky) - so my lack of patience would have meant that I was right and yet lost, if I had set a limit order back say -10 pips - my SL would have been absolutely safe and I would have got an extra 10 pips to boot.

Lesson learned.

[jonnycab]

Long on Cable… OTE daily and OTE 4HR. Anyone?

Long Fiber @ 1.3315, OTE, NYO, 15pip SL.

I see the Cable did something similar, giving a nice OTE on the 5M/15M for entry around 1.6040/45

Half off so far, but Im not expecting much from this trade. The move for me today was that short around 1.3380.

[IbePippin]

thank you mate. i have the 6.7.13 and was wondering why it didn’t pick up the pattern on your chart… i can now complement with zup and compare the works. appreciate your help!

@mostwantedpip

I have 2 indicators one Kar one Zap.
Sometimes i draw the pattern by hand, but having indicators for it is very useful has 1 they alert you if a pattern is present2 give you rough entry point 3 train your eye to spot them easier. I use them primeraly as confirmation .
They work very well with MS and FIB OTE as well as reflection
zup harmonic indicator.zip (67 KB)KorHarmonics+[v6.7.13].ex4.zip (337 KB)

[mostwantedpips]

thank you mate. i have the 6.7.13 and was wondering why it didn’t pick up the pattern on your chart… i can now complement with zup and compare the works. appreciate your help!

Not a problem, although the pattern in last chart was drawn manually by hand. Also the reason i use 2 sometimes one picks up a pattern and the other does not, so they work hand in hand

[mostwantedpips]

Stopped out.

[sparky897]

Stopped out.

Same here, at least we bagged some decent pips today.
I still do think it will go all the way down to 1.3280…
Will have to control myself and stay out of it and just watch and see if it will go there.

GLGT

[swallowtail]

Hah, just as I thought, I’ve not looked at the forum since Christmas, I’ve been focusing on my trading, but just as I thought most of you guys are all over the place, soon as I heard Wolfe Waves mentioned, I knew the thread would be littered with Wolfe Waves, and no surprise I was right.

Personally I’m not a fan of Wolfe Waves, but that is by the by, but the point I want to make is that most of you are trying to use every single tool on every single timeframe, or even worse looking at weekly charts and COT analysis and trading off the 5 min, that is WRONG, they do not go together.

You must get your heads around the basics and know what to use and when to use it.

ICT has done a matrix of this in TD4 - USE it.

Traders Development Part 4

I use Asian high and Asian Lows Daily TF SR, MS, MP, and I use a couple of indicators to confirm my H&S patterns, the most reliable pattern there is, it’s part of market profile, H&S and MS go together hand in hand.

That is all I use, and it didn’t stop me bagging exactly 200 PIPS last week on that nice move, and I only bagged 200 PIPS exactly because I thought it looked cool on my trading record, it was quite clear there was a little bit more in there, but that 200 PIP marker will serve as a milestone.

SO get the basics right, build up from a foundation, is your foundation isn’t right, your trading will collapse.

You echoed my sentiments perfectly. Thank you!!!

[mostwantedpips]

Same here, at least we bagged some decent pips today.
I still do think it will go all the way down to 1.3280…
Will have to control myself and stay out of it and just watch and see if it will go there.

GLGT

Yah probably it will, but the amount of times i stayed and prayed or held and hoped for it to give me more it just kept reversing on me. 70 pips for the day is very good. Just need to keep on trading this kind of setups and things should work out well!

[woolo]

Gone short now. Market structure broke downwards on the hourly will try to ride price downwards on the potential 4H move this week. Going to leave it open for the week and see where it goes.

https://www.myfxbook.com/portfolio/practice/450517

[DroneTrading]

Johnny were are you pulling your fib from to get the Fiber OTE long at 1.3315…I do not see it.

thanks

Long Fiber @ 1.3315, OTE, NYO, 15pip SL.

I see the Cable did something similar, giving a nice OTE on the 5M/15M for entry around 1.6040/45

Half off so far, but Im not expecting much from this trade. The move for me today was that short around 1.3380.

[damagecontrol90]

Looking to get in sync with 4H 4-5 wave using ICT concepts lower time frame.

[jonnycab]

Johnny were are you pulling your fib from to get the Fiber OTE long at 1.3315…I do not see it.

thanks

Take a look at the 5M or 15M (5M is easier to see it).

The low formed during NYO @ 12:45 GMT to the high that formed @ 13:20 before it retraced into the sweet spot. Notice that high just peaked slightly above the other high at 12:20. This is what got me interested in this move. With TP2 being around 1.3355 (the area of consolidation). 50% @ 30 pips, the rest at 1.3355. I think I should have kept some on, or took the Cable trade, its not slowing down at the minute

[IbePippin]

my trade today, gbp-jpy H1,
entry at confluence of 62% ote, prior H4/H1 resistance turned support, and H1 divergence
tp at 40, 60 and 90 pips

[green_as_grass]

Long on Cable… OTE daily and OTE 4HR. Anyone?

Yep, got in @ NYO when the price bounced off Thursdays Asian High & Yesterdays NY Open Just got out with 50 pips, totaling 95 for the day.
Thank You Michael, it’s been a great week!

[IbePippin]

same entry with harmonic

[didko]

@IbePippin

same entry with harmonic

Hi IbePippin…I took a look at the 2 indis…how long have you traded them.I understand they are for confirmations only but it seems pretty fundamental as it uses fibonacci ratios for signals…Just kind of amazed how well they show entries…actually it is simply taking swing points and fib levels…

[Kuzia]

meh its easy