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

hi how r u?

Could you please post a USDX pic? 15min or 1H would do. I don’t have one. Thanks so much if you can!

Hello… at the moment… hungry. Bob Evans here I come! :13:


Great video as always!

I’m still having a hard time figuring all this market structure and stuff out! What are all you guys expecting of the fiber for the week to come? Going higher, going lower, why, why not? :slight_smile:
As far as I can tell, the bullish market structure seems to be broken, right?

Hi not a problem, please bare in mind that it just my rumbling and nothing concrete or set in stone, so just take ALL my posts with a pinch of salt :smiley:


Ps time frame on usdx posted is 4hr. Gives you zoomed out perspective

As usual, it depends on how you’re trading :slight_smile:

(using key swing points)

On the daily, no (November 28th Low still intact - just - we could see that broken today, in which case I would be actively hunting Shorts, because of this higher timeframe confirmation)
On the 4H, no (same as above)
On the 1H, no (same as above)
On the 15M, yes (broke the low on 4th December, and we’ve been making lower lows and lower highs since)

So, this is why everyone is unsure of what will happen next. From a higher time frame perspective, could we be seeing a bounce higher because we’re in that OTE zone for a bounce, we’re in the same region in the USDX too.

That is, do we bounce down to the 80.20/80.00 level on the USDX causing the Cable/Fiber to get that bounce up before we ultimately slam down? Or does the reverse happen? That is, we blow the stops at 80.60 (this is looking very likely at the minute), causing an initial downward move on Cable/Fiber and then the USDX drops off again for a run south, causing the Cable/Fiber to move up again.

This is why patience comes in handy during these times. Wait for the market makers to show you whats going to happen next, then jump in and follow the next trend :slight_smile:

NFP days are good for one thing (usually - if we get the volatility), clearing out all the stops and tipping the smart money hand into which way we’re likely to be heading next.

Just to add to that, while we remain bullish from a higher time frame perspective, when we break market structure on the 15M, where do we expect price to go? Down, which is why for the short term, we hunt shorts until we get to that key OTE level of potential support for the possibility of getting Long. Before we decide what to do next, we wait for price to react at those levels before we can see how the next move may play out.

Thanks a million times Jonnycab!! That was very very useful insight! :slight_smile: It’s just hard for me too spot those things on my own! When you tell it like that, it makes perfect sense, and I can see all the points you are talking about on my charts etc.
So thank you for making it all a bit clearer for me to spot! :slight_smile: Hopefully I will soon be able to see the market structure like that myself!

oanda open positons… too many people in profit with shorts. also many short orders above current price. please nfp, make the euro and pund blast through the roof :wink:

All setting up nicely for the initial fake move at NFP time:

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I am by no means an expert on the subject. It will take a lot of time (go through ICTs video modules on the subject), but once it starts to click and you start to spot these things, they’re very powerful, this is why Im devoting so much time to these concepts. I’ve only just started looking at this stuff myself. So if anyone else has any comments, please chip in :slight_smile:

OANDA Open Orders and Open Positions

Just to make sure I understand what you are all talking about, you are expecting price to maybe bounce of the old low at around the 1.2880 level, after NFP today, correct?

thanx, mostwantedpip for your help! happy pippin

Excellent post, i am thing along the same lines. Just wait and see market makers poker face and call there bluff :smiley:

Hopefully just like that :slight_smile:

Just depends if they want to try gun any stops below that low.

MOMENT OF TRUTH!!! haha

Yep - looks like rise for Euro ahead

I see price is now down to the 1.2880 level. What would you guys be looking for to go long here? OTE entry pattern on the shorter time frames, like 5 or 15 minutes?