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

I hope someone can help me… I have lost my swing low and MM buy. If found plz return asap :-).
Thank you :rolleyes:

the big question on my mind is: is this move down the first leg of a MM buy or the second leg of a MM sell…

MMP is still something I struggle with in real time… sometimes hard for me to determine where one starts and where one is finished and so on…

I looked at the HTF’s and they all said bearish to me… So I was stalking .2914 which was the low that posted yesterday for the week and I figured if it was going to go lower it would have to break that first and today at 1:25 est it traded through that… Not by much only 4 pips… So I took that as a break in MS(which I maybe wrong, since I just started learning ICT methods)

from my Sunday’s notes:

“Fiber: possible scenario: stop hunt at 1.3020 and then south to 1.29/1.2880ish”

my limit sell order was of course never triggered and the OTE today, after MS changed bearish yesterday, also didnt happen (or I simply missed it) so missed that one.

as price is now working the 1.29 and 1.2880 levels as noted on sunday… I am trying to get a clue which way we are headed from here… hence my previous post about MMP…

Ok, thanks PPF

Quick review of my premise this morning.

how many of us watching the E/U landing? :slight_smile:
with orders standby

will the daily trendline on A/U and E/U hold?

Not sure if you saw it in the other thread, but I was thinking this last night:

Obviously it didnt quite play out like this, but we did continue lower after the red box of consolidation. We also maintained the bearish structure by not breaking the highs.

I think if we are in a BUY MMP then we’ll blow out a few more of those resting stops at the smaller fractals during the upswing (otherwise why are we going down this far?) but ultimately maintain market structure at 1.2740.

I’ve got no idea if we’ll fall that much, but watching market structure carefully gives good clues as to the next way price will move.

If we start consolidating around this 1.2880 level (noted level) and MS should break, I’ll probably be looking for longs…

Im still trying to get my head around these concepts as well, so any advice or points would be appreciated!

Im convinced that nailing these concepts will provide so much more focus. For me, catching the move last week involved using these concepts (images on the other thread) and wow, what a trade that was. Pretty much the entire weeks range.

http://forums.babypips.com/newbie-island/46764-inner-circle-traders-pro-traders-club-2012-2013-series-165.html#post417546

Are you also trading EJ if yes do you use EURX for it?

THX

Fiber H4 Break of Swing low.


Trades this am
Im not too good at uploading images of charts so I will try and explain the two trades I took this am on eu and gu; both revolved around market structure and a bias for shorts today
On eu this am, there was an OTE on 15 min at 1.2935. If you drill down to the 5 min, you can see a pin at 8.50 GMT -forming a double top at this price; that was where I entered
Price then made a break in market structure at 9.20 GMT and retraced to another 618 ote at 1.2929, where I entered a second position
and if you drill down to the 1 min, you will find another OTE at the same price on that tiny swing.
Similarly on gu, there was a break in market structure on 5 min at 9.55 GMT. there was then a retrace to a 786 ote at 1.6013, which was where I entered GU - just closed at adr lo
Both pairs then dropped; note that eu dropped before gu, so you had ample time to get into gu if you missed eu, as there was another retrace.
So I guess my comment is that you have to respond to the market; it may not get to the levels you are looking for; but if you see a break in market structure and a retrace, you have a low risk high prob trade - at least back to the new lo -and very probably further if price has been in accumulation for several hours - which was the case for both eu and gu
If I could post charts showing these set ups I would - hopefully the explanation above will suffice

Exactly, this is what I was saying above.

Nice trades!

I didnt get near the charts this morning to drill down properly and look for entires, work got in way :stuck_out_tongue:

This then? Must be??

5m, not showing any higher lows really though, lets see if it does.

I was waiting for something like this during NYO. Not sure if it’ll happen now…

Low maintained, nearest high broken, head up?

Hang on, surely if you get a pin on the 1Hr at S/R one EURUSD and EURX and USDX, you’re going to be in a high prob trade in itself…

So now we get a second pin to get tweezers? so we assume it will go long, then the New Home sales in the States will poor, making the EUR go up.

Imho EUR is going down at least to 1.28 level before raising again but it’s also quit possible that’s going to fall lower in countinuation of the down trend of the W1 timeframe.

+110 pips in todays trading :))) ICT you are magician!