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

I’m still bullish, the reason being the reversed HS on the 4H


The level I’m watching (1.3120) is around today’s ADR High as well.
After this level has been reached, I’m taking a pause to see what’s going to do :slight_smile:
This is also the weekly high I’m aiming for.

Hey guys someone had an indicator showing ITL and ITH, could you direct me please

Glad other people aren’t seeing something obvious beside me.

The dollar index continues to slide down. And the H,H4,and D charts are all in uptrends. My market structure analysis still sucks. So bullish overall sentiment.

A drop down to an obvious OTE and then a run up to the ADR 1.31139 would be nice. 1.31397 looks like the next resistance from the H4 chart.

Morning guys - possible GBPUSD set up.




I’m too sat on my hands after having a limit sell triggered this morning, but after seeing it meander I’ve closed it now and I’ll wait for a clearer set up. Took 1% so not all bad, wrong but profitble … :slight_smile:

Might something like this be in the offing?

First time I’ve ever zipped anything and loaded an attachment here so hope it’s right.

It should have the ICT Market Structure and the Market Structure indicators.

The ICT Market Structure only shows ITL/LTL/ITH/LTH whereas the MArket Structure one shows all the previous and also STH/STL. I use the second one.

Cheers.

ICT Market Structure.zip (69.9 KB)

Is there something that makes you think the dollar index is going to reverse its fall?

Hey Michael
Just had a chance to look at video 7
Great explanation of London open and how to trade it
Also complete clarification of how to establish market direction and the options that you have to trade within that analysis
thanks once again for all the time and effort you have put into this and all the other videos
I am still relatively new to your teachings - but I really enjoy your videos (tho maybe not the music - lol)
Looking forward to 2013

Its sitting on 7970 - a noted support level

Here’s the original post too by Praxy with the instructions / settings etc.

http://forums.babypips.com/show-me-money-daytrading/43211-inner-circle-traders-millionaire-traders-guild-350.html#post381116

Its current working within an OTE range as well. Pull a fib from the low on the 17th October to the newest high on the 16th November (Im looking at this on a 4H chart).

Possible bounces at the 79.70 (right on the sweet spot 70.5% retracement) or 79.50 level (79% retracement).

I’ve been eying a similar setup this week:

So I remain bullish, until we get that clear break to the downside… and even then, I will be waiting for a retracement back before I think about getting short.

Cool. I see it now.

I have been treating it(the USDX) as a simple up/down bearish/bullish indicator.

Also, as nke1234 mentioned above, the levels of 79.70 and 79.50 are also quite visible S/R resistance levels. As ICT says, S/R trumps everything :slight_smile:

The generic answer is - zoom out :slight_smile:

@jonnycab and ppf: i’m looking for pretty much the same thing. just waiting for a break in ms to the downside and retracement. this will be my one shot one kill move this week. (at least that is what i planned :-P)

Well it’s official, GFT has closed it’s doors to US traders…It’s been fun guys…guess it was ment to be

Me too, although I am now finally leaving for work and have 2 hour car journey so I may miss the initial move. Looking at 1.3093 level being tagged and then MS hopefully breaking down before selling on any retracement.

Here’s an interesting observation - all the connections are within 1 PIP.