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

[DanglaGT]

I just missed this little gem of a long on GBP/JPY and I watched it unfold right in front of my eyes. I should have entered at market when I saw it at the 62% fib!

GBP/JPY D1

• Broke through resistance, now looking for longs

GBP/JPY M15

• Rejects Daily support, S1, & weekly MP. Breaks market structure and forms an OTE

DIVERGENCE

• SMT divergence to back it up

[mostwantedpips]

hasta la vista, baby

Not happy, not happy at all… I have babysitted you the whole day and you betray me like this? :28:

Ahh well, leave and learn.:60:

Just got hit by a train. No counter trend trades on the cards? or reduce risk to bare min if going counter? i think second sounds more reasonable. As long as counter lines up technically sounds why not take a shot at it, grunted Michael shoots with Barrett 50cal, me with BB Gun… :54:

Hmmm, Makes me wonder if that price spike was just a stop raid by our asian friends??:33:

[jonnycab]

@Tansen

I’m bored but can you imagine if FX was like this…

I shall call this market profile… Flaccid D… day followed by hopefully a huge bear

haha, could be worse, you could have been a EUR/CHF trader

At least they got their move up

[jonnycab]

Hmmm, Makes me wonder if that price spike was just a stop raid by our asian friends??:33:

Lets find out at LO

[mostwantedpips]

I just missed this little gem of a long on GBP/JPY and I watched it unfold right in front of my eyes. I should have entered at market when I saw it at the 62% fib!

[B]GBP/JPY D1[/B]

• Broke through resistance, now looking for longs

[B]GBP/JPY M15[/B]

• Rejects Daily support, S1, & weekly MP. Breaks market structure and forms an OTE

[B]DIVERGENCE[/B]

• SMT divergence to back it up

Could you possibly post higher result ion pics i cant quiet make out what is written on them and you s/r level.

Have you ever considered using Jing, its free and very easy to use. Here is a link, if you want to try it out, makes posting hd pics effortless.

Thanks, shame you missed the move i can see it would have been a nice runner.

[Tansen]

haha, could be worse, you could have been a EUR/CHF trader

At least they got their move up

LOL lets play a game SPOT THE OTE!!!

[rod178]

I can see how the break of 15m MS, the seemingly new fractal high (set on Tuesday so possibly setting a wkly high) and the big fig attraction to short are getting alot of attention but there is one thing we should still bear in mind - we have not yet taken the stops out of the 17th Oct. high around the 3135 level. My guess is that with the momemtum we have right now on the Euro (now Greece has been firmly kicked into the new year) we will see a raid up to this level - maybe even higher to take the stops above 3170 from (coincidentally) the 17th Sept.

With this in mind I’m still long biased heading into tomorrow when we can get a better picture.

Yes, I suspect that they may later tag 13140, before taking it lower.

On my feed the next interesting stop hunt level is 13172, which is also a H4 Double Top, after that it’s Blue sky.

[PipARush_Petru]

@PerchTird

PipsARush - I believe I am right - but if I am corrected, I will learn too.

BOTH arrows drawn are in fact ITH - and the blue circle between your arrows would be a LTH - -
I think the basic definition if there are two midterm highs on either side of a higher high - that is what indicates its a long term high - - — so with both your arrows you do have short term high on either side - so both are intermediate term hhighs

“Generally,the market trades from Short Term Lows(STL) to Short Term Highs(STH) back to a new Short Term Low.As these STLs and STHs form they will nest or develop a “Market Structure” of price action.Any STL that has a higher STLs on both sides of it is considered an Intermediate Term Low(ITL).Any STH that has a lower STHs on both sides of it is considered an Intermediate Term High(ITH).”—ICT Core Concept.
I dont see lower STHs on both sides at those ITH`s marked by me with an arrow!

[DanglaGT]

Thanks I will try it out. In the mean time, I’m sure you can find the trade in the charts.

Could you possibly post higher result ion pics i cant quiet make out what is written on them and you s/r level.

Have you ever considered using Jing, its free and very easy to use. Here is a link, if you want to try it out, makes posting hd pics effortless.

Thanks, shame you missed the move i can see it would have been a nice runner.

[damagecontrol90]

1. Huge pocket of retail Sell Orders at 3100 was attacked this week, it doesn’t look like the job is finished yet, another pocket of sell orders sitting in the 3100-3120 range.
   I am not seeing anymore supply above 3150/80.(I am labeling retail orders as supply for the banks demand)

Is there another attack to the High to clean out fresh shorts and pick up the rest of the sell orders???

2. Price is at Weekly R2 converging with Weekly trinity 1.618 and the 1.3120 level

Observing the manipulation for now…

To the downside Buy orders are stacking up around 2950(close to last weeks range OTE). Beyond that supply dries up at the 2800 level for now. 2800 is 70.5% OTE measured from the current upswing… Coincidence???

Is this making any sense as far as an approach to anticipate?

[hopiplaka]

Ok, 1.3120 was reached. Now I will look for signs that the weekly high was reached and enter a short.
At the moment there is divergence between the EU and GU (failed to make HH on the 15Min), so I might be on to something here

@hopiplaka

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
This is also the weekly high I’m aiming for.

[TopFroxx]

Ok, 1.3120 was reached. Now I will look for signs that the weekly high was reached and enter a short.
At the moment there is divergence between the EU and GU (failed to make HH on the 15Min), so I might be on to something here

i’m looking for a judas, driving usdx to 79.50, eurusd making a higher high, cable failing to break 1.6130

[BigInTheCity]

One more stab higher then we should have the high for the week in place in my opinion.

[Trint]

Is yesterday’s AR High and the Big Fig providing some support on the cable? Ultimately I’m keeping an eye on that 1.6085 as it looks like PA was observing it quite a bit over the last few days.

[purplepatchforex]

Could it be this today on EURUSD, starting a new cycle?

Part 7 is great, going over it thoroughly again, I’ve made a kind of crib sheet.

Traders Development Part 7

[BigInTheCity]

One more stab higher then we should have the high for the week in place in my opinion.

That could be the top right there, literally a pip higher

[TommyL]

Think I’ll wait behind and join the party at a later time…

[nke1234]

Hi there

not sure what the first picture is - looks like some kind of heat map

I agree on your first 2 points tho

not sure about the other points, but we have had 6 up days on EU, so mid week reversal could come today - but it is NFP week, which sometimes has odd dynamics

just printed a dt on H1, but SR at 1.3108 - yh

we shall see

@damagecontrol90

1. Huge pocket of retail Sell Orders at 3100 was attacked this week, it doesn’t look like the job is finished yet, another pocket of sell orders sitting in the 3100-3120 range.
   I am not seeing anymore supply above 3150/80.(I am labeling retail orders as supply for the banks demand)

Is there another attack to the High to clean out fresh shorts and pick up the rest of the sell orders???

2. Price is at Weekly R2 converging with Weekly trinity 1.618 and the 1.3120 level

Observing the manipulation for now…

To the downside Buy orders are stacking up around 2950(close to last weeks range OTE). Beyond that supply dries up at the 2800 level for now. 2800 is 70.5% OTE measured from the current upswing… Coincidence???

Is this making any sense as far as an approach to anticipate?

[BigInTheCity]

Looking for a test of 1.3050/60 today if we have just put the top in.

[jonnycab]

Ok, 1.3120 was reached. Now I will look for signs that the weekly high was reached and enter a short.
At the moment there is divergence between the EU and GU (failed to make HH on the 15Min), so I might be on to something here

A nice head and shoulders forming on the GBP/USD too