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

[Tassiefx]

Yup, mistakes are fine, so long as lessons are learned. That is what creates a better trader - and not a ****y one. Losses are both inevietable and a great leveller. I wish you all the discipline and patience, along with wise trading, mostwanted pip

[mostwantedpips]

Great trade, you seem to have picked yourself up very nicely! I read your post about the string of bad trades, but didnt comment, everyone else was echoing my thoughts in most cases.

Great turn around, its mistakes like that that turn you into a very discerning trader! Keep at it!

Thanks Jonny I appreciated all the comments and advice ! I am day by day pick staff up and trying to fit it all together, but i still have very long way to go.
Right now my plan is to simply make up the loss that i had slowly and get back to point where i was and continue doing the same thing over and over. Building my account slowly with small risk and let the compounding do it’s magic. Finger xrossed

[system]

Slow & steady

---

Thanks Jonny I appreciated all the comments and advice ! I am day by day pick staff up and trying to fit it all together, but i still have very long way to go.
Right now my plan is to simply make up the loss that i had slowly and get back to point where i was and continue doing the same thing over and over. Building my account slowly with small risk and let the compounding do it’s magic. Finger xrossed

[mostwantedpips]

OK decided to close majority of the trade @1.6070. Left a small portion of 20% Will let it run.
Reason for decision is
HTF S/R
HTF OTE 79%
Time of day!
Swing ext 1.27
Ms broke on 5 Min

[SteveB]

Could someone post the link to ICT’s my Fxbook challenge please, don’t think i have got the right page doing a search.

Thanks.

[jonnycab]

Could someone post the link to ICT’s my Fxbook challenge please, don’t think i have got the right page doing a search.

Thanks.

Here is the thread: 301 Moved Permanently

[TommyL]

Thanks for these Roger, just got back from work (yes actually did some today) so I’ll have a look at these.

Appreciate the help!!

@Regor10

Hi!

Start with this:

Then this:

Play around a little, zoom out, use different timeframes…

And finally some thoughts about today

Best regards

Roger

@Regor10

There are some things to consider… This Indicator is based on MA price, and as default the MA_type is set to “Close”. The lines we see are based on closed prices. In order to catch SMT Divergence on spikes, we need to adjust this Parameter.
See following chart:

Here is a chart setup that can provide us with decent information, use this as a separate chart in addition to your other pricecharts.

I have a template but dont know if I can upload here. Just open a new EURUSD chart. Add ICT Overlay Chart, default GBPUSD and change MA_price to "High", Then "dragn drop" change to EURUSD, change color and MA_price to “High”. Repeat the process with a new Indicator window, change MA_price to “Low”. Add txt with “Insert” - “Text Label” Make sure that the little box for “Draw object as a backround” is checked/filled.
There are some work to do, but once finished, save as template!!

And remember: Only look for Divergence around Key S/R, during LO NYO LC Killzones, in conjunction with Reflections Otes etc, You know the story, it`s a game of probabillities! This is only another tool in our ICT toolbox.

BSTW! (Be safe, trade wisely)

Best regards
Roger

[green_as_grass]

Meh!

My Cable short got stopped out to the pip, just before it plummeted… Oh well down another .28%, tomorrows another day.
Looks like you guys are mixing it up nice & smooth out there!

[TommyL]

Like a glove, roger and out!!

picture hosting

@Regor10

Hi!

Start with this:

Then this:

Play around a little, zoom out, use different timeframes…

And finally some thoughts about today

Best regards

Roger

@Regor10

There are some things to consider… This Indicator is based on MA price, and as default the MA_type is set to “Close”. The lines we see are based on closed prices. In order to catch SMT Divergence on spikes, we need to adjust this Parameter.
See following chart:

Here is a chart setup that can provide us with decent information, use this as a separate chart in addition to your other pricecharts.

I have a template but dont know if I can upload here. Just open a new EURUSD chart. Add ICT Overlay Chart, default GBPUSD and change MA_price to "High", Then "dragn drop" change to EURUSD, change color and MA_price to “High”. Repeat the process with a new Indicator window, change MA_price to “Low”. Add txt with “Insert” - “Text Label” Make sure that the little box for “Draw object as a backround” is checked/filled.
There are some work to do, but once finished, save as template!!

And remember: Only look for Divergence around Key S/R, during LO NYO LC Killzones, in conjunction with Reflections Otes etc, You know the story, it`s a game of probabillities! This is only another tool in our ICT toolbox.

BSTW! (Be safe, trade wisely)

Best regards
Roger

@TommyL

Thanks for these Roger, just got back from work (yes actually did some today) so I’ll have a look at these.

Appreciate the help!!

[kubio]

…just a random quote:

…once learned, you cannot unlearn it.

[peterma]

I could have drawn a horizon line too but thought the sloping trend line looked cooler ( I know ICT is not really into them but thought it significant when the two resistance line confluenced.

I’m guessing that they have their beady little eyes on all those stops above 3400

Still see those beady little eyes - now getting wider:)

[Satunya]

…just a random quote:

What is meaning

[minidiez]

Hey everyone!

ICT tweeted about the Chris Lori webinar and I recorded it for those who missed it.

Here are two links to the risk webinar held last night!

1. Full Quality: https://rapidshare.com/files/3469121514/ScreenFlow2.mov
2. Lower Quality (smaller file): https://rapidshare.com/files/515205457/ScreenFlow.mov

Multiple Upload Links:

1. Full Quality: Download links for ScreenFlow2.mov - Mirrorcreator - Upload files to multiple hosts
2. Lower Quality: Download links for ScreenFlow.mov - Mirrorcreator - Upload files to multiple hosts

MD5: Version 1 - 138C5586E8C13B951C80FB78440B9FEE;

MD5: Version 2 - F957803B395B3FAD586320E31D884EED;

Create an account and sign-in first to access the files.

[peterma]

OK - now exited fibre long at 3380 so will post my lesson learned today.

ICT exhorts us to listen to no-one - not anybody - when deciding our bias and trade plan ahead - this is so true.

I posted some charts last night, I removed all s/r lines so that I would’nt influence anybody with my newbie anaylsis, I was, however completely convinced that the US10yr had reached major resistance and would bounce which agreed with my premise that fibre was reaching for 3400 this past week and would rise at LO this morning.

So what did I do at LO - changed my mind on a whim and went short - why?

I cannot answer, I do not know - I know I read somewhere, I do’nt know where, that the euro would fall, so somewhere in my brain a mini me urged me to go short - and just like Homer I listened.

I soon realised that the whole thing was wrong - I had used a reflection to enter and saw price rise beyond the line, so in a sense my stupidity got me in, the ICT tools got me out - minus 15 pips.

So what to do then - I again used the tools and ICT teaching to get me in the correct direction - ICT has taught us to look to where is price trying to reach to (my 3400 premise)

I went back to my US10yr for confirmation of direction and got it so went long.

Price went up until 13.30 gmt when we had a pull back - checked for divergence - yes 10yr said not to worry as fibre should still be going up - so I added to the position - hidden OTE asian high to low 14.00 candle - I could do this with confidence simply because of the 10yr divergence.

(I’ve marked the 2 red candles which gave the divergence - 10yr price falling - fibre should have been rising )

This is a first for me in using ICT methods for exiting a bad trade, entering a good trade and adding to a trade all in the same day.

Thank You ICT again in mentoring us - we are improving

[green_as_grass]

Hey everyone!

ICT tweeted about the Chris Lori webinar and I recorded it for those who missed it.

Here are two links to the risk webinar held last night!

1. Full Quality: https://rapidshare.com/files/3469121514/ScreenFlow2.mov
2. Lower Quality (smaller file): https://rapidshare.com/files/515205457/ScreenFlow.mov

Nice of you minidiez, do we have to log in to download?
Link gives “Download permission denied by uploader” msg

[Kuzia]

Michael long time i said that but i love you soooo much!!! :*

[Esser]

OK - now exited fibre long at 3380 so will post my lesson learned today.

ICT exhorts us to listen to no-one - not anybody - when deciding our bias and trade plan ahead - this is so true.

I posted some charts last night, I removed all s/r lines so that I would’nt influence anybody with my newbie anaylsis, I was, however completely convinced that the US10yr had reached major resistance and would bounce which agreed with my premise that fibre was reaching for 3400 this past week and would rise at LO this morning.

So what did I do at LO - changed my mind on a whim and went short - why?

I cannot answer, I do not know - I know I read somewhere, I do’nt know where, that the euro would fall, so somewhere in my brain a mini me urged me to go short - and just like Homer I listened.

I soon realised that the whole thing was wrong - I had used a reflection to enter and saw price rise beyond the line, so in a sense my stupidity got me in, the ICT tools got me out - minus 15 pips.

So what to do then - I again used the tools and ICT teaching to get me in the correct direction - ICT has taught us to look to where is price trying to reach to (my 3400 premise)

I went back to my US10yr for confirmation of direction and got it so went long.

Price went up until 13.30 gmt when we had a pull back - checked for divergence - yes 10yr said not to worry as fibre should still be going up - so I added to the position - hidden OTE asian high to low 14.00 candle - I could do this with confidence simply because of the 10yr divergence.

(I’ve marked the 2 red candles which gave the divergence - 10yr price falling - fibre should have been rising )

This is a first for me in using ICT methods for exiting a bad trade, entering a good trade and adding to a trade all in the same day.

Thank You ICT again in mentoring us - we are improving

<img src=“301 Moved Permanently”/>

Impressive stuff peterma! I guess looking for longs would be the smartest thing to do, since marketstructure is still bullish on 4h and up, isn’t it?
But i admire your skills at anticipating what the market might do! I simply don’t know how to do that yet, so I end up taking stupid trades, because I really don’t know what to wait for the market to do…

[IbePippin]

hi damagecontrol, congrats for a very nice setup and trade idea.

it’s interesting at this point, because it could go all the way up to the upper boundary and over into extension area. Or the reversal pattern at point 3 in the chart is functional and price could change direction. Pasting in another screenshot with the same 3 support resistance lines as before, both sr 1 and 2 offered long entries today, and sr0 now is resistance with close below. I have a short entry at sr0, granted it is somewhat above the line, took it there on assumption price would close below the line and the hours being of low liquidity. It’s late here my time, so i’ll check in a while, hopefully take some off/ breakeven the rest, and looking forward to seeing what happens next!

this thread is a great place where we can share methods and perspectives and it’s very good learning experience. Cheers all!

edit: for some reason label ‘SR 0’ does not show in the chart, it should be at the top line there

@damagecontrol90

Scaling out 30% at OTE.

MACD shows incredible type 1 and type 2 divergence for this channel. Same as stochastic but more obvious.

Point 3 in sights after OTE.

[MrGekko]

OK - now exited fibre long at 3380 so will post my lesson learned today.

ICT exhorts us to listen to no-one - not anybody - when deciding our bias and trade plan ahead - this is so true.

I posted some charts last night, I removed all s/r lines so that I would’nt influence anybody with my newbie anaylsis, I was, however completely convinced that the US10yr had reached major resistance and would bounce which agreed with my premise that fibre was reaching for 3400 this past week and would rise at LO this morning.

So what did I do at LO - changed my mind on a whim and went short - why?

I cannot answer, I do not know - I know I read somewhere, I do’nt know where, that the euro would fall, so somewhere in my brain a mini me urged me to go short - and just like Homer I listened.

I soon realised that the whole thing was wrong - I had used a reflection to enter and saw price rise beyond the line, so in a sense my stupidity got me in, the ICT tools got me out - minus 15 pips.

So what to do then - I again used the tools and ICT teaching to get me in the correct direction - ICT has taught us to look to where is price trying to reach to (my 3400 premise)

I went back to my US10yr for confirmation of direction and got it so went long.

Price went up until 13.30 gmt when we had a pull back - checked for divergence - yes 10yr said not to worry as fibre should still be going up - so I added to the position - hidden OTE asian high to low 14.00 candle - I could do this with confidence simply because of the 10yr divergence.

(I’ve marked the 2 red candles which gave the divergence - 10yr price falling - fibre should have been rising )

This is a first for me in using ICT methods for exiting a bad trade, entering a good trade and adding to a trade all in the same day.

Thank You ICT again in mentoring us - we are improving

Sorry if this has been already shared…but where are you getting your bond charts??

[peterma]

Impressive stuff peterma! I guess looking for longs would be the smartest thing to do, since marketstructure is still bullish on 4h and up, isn’t it?
But i admire your skills at anticipating what the market might do! I simply don’t know how to do that yet, so I end up taking stupid trades, because I really don’t know what to wait for the market to do…

I’m only a student like everyone here.

Sometimes I get a ‘bias’ from ICT’s teaching about there being a ‘them’ i.e. the banks - so I am always trying to see what their goal is, I’m always thinking ‘us and them’

On fibre I noticed yesterday that price refused to go down to 3250 - yet cable was suggesting that a hefty lower low should have happened - down at least to 3220 - so that coupled with the 10yr hitting resistance convinced me that they were protecting their own stops below 3250

That’s the second time I’ve seen this phenonom recently - maybe this is why ICT tells us to narrow our focus - we get to know the nuances of the cross.

When I saw the tight coil on the 15 min around equilibrium 3285 last night I was all the more convinced ( yet the newbie in me traded the opposite way)

Tonight all the indis are saying bullish,bullish but I exited the long at 3380 because price has reached resistance.

ICT teaches that often if there is a stop raid in a session opening such as LO or NYO then there is often a sharp change in direction at least in the short term - I am guessing there a stops above 3400 thus my caution.

I also look at the A/D with williams% on 1 hr - it’s showing div with o/bought on the williams - so makes me cautious.

Good video on A/D div here: (the video called trading accumulation distribution)

Trading Accumulation - Distributionon Babypips Inner Circle Trader - live streaming video powered by Livestream