THATS JUST GREAT!!! :56: feel like market just knocked me out!!! Why did i move my stop to aggressively??? :mad:
ICT methods strike again, boy Iām getting the hang of this now.
In the words of Robbie Williams when he signed his EMI contract.
Iām going to be rich, Iām going to rich beyond my wildest dreams
I wandered the same thingā¦ I thought you had gone short as you were stopped out.
What was your entry and stop loss levels?
Thatās a bummer all right. No trades for me today as I lost 1% in Asia trading without a plan. Also as Iām still looking at getting short a little higher up.
Just silly me, 4 hr m fglow is bullish we formed a swing low on daily 80.30 imo was going to provided better resistance then 80.20 support if that makes sence, when price snapeed away from 2944 level i pretty much set it @ be as my entry sl was 20 pips! i tought to me self what are the chances market will tag me out unless i am wrong on the direction!
Asia is always tricky for me. sorry about the loss, is always painful. I dont know if to trade again today although i am mad i donāt have the urge to get back in, unless price retraces to ote only in nykz if not close the charts and assume the best position which is no position.
So possibly i might take 2950 if price gets there as Mike said if price does not get back to there " i am not interested:58:"
Alotugh looking at it we might find support @2061 level for upside, but that when i am not interested
PS still such a newb, sometimes i wonder if my entries are just pure luck and i am gambling with my money. Crazy lol
The entry looked OK, around the sweet spot of the AR low to LO high @ 1.2938 on my feed. I think it was just a case of as you say moving the stop in too early. Michael does advise to leave the stop at break even during the London Express. At least on a good note, you can see where you went wrong. Trading whilst mad though may not be a good idea, so Iād only be trading if an A1 setup arose around the NYKZ.
Good luck if you do, Iām of to the hairdressers, to get me barnet cut!
There is bearish smt diveregence now. Cable is doing lower highs , fiber higher highs.
Also the fiber seems to be bouncing on 2973 higher timeframe level. Will it go down for a NYO retracement or we just reached the high of the week?
Could we see a big spike up in GUā¦ That would cancel the very obvious looking bearish divergence with EU and USDX (not a fan of trading divergences that are so blatant - everyone can see them).
Fiber - the stops above Fridyās high were the target imho, so down she goes from here.
Came within 5 pips of being stopped out on my Short, although the day is still young.
Based on my anylsis last night on the daily usdx,fibre,cable went long at ote on 15 min at 2945, stop below asian low - first target at 2978.
All ICT tools - buy below asian high, strong buy programme 15 min chart (possibly an answer to the question re ote or reflection - watching reaction now as approaching Dec 7 asian high, think it may break through.
The barnetās been cutā¦
Iām still looking for another leg up to get short on both cable and fiber. No pending order on the cable but I do have a pending order on the fiber to get short, hopefully tomorrow, although Iām not at the charts tomorrow!
Look at the support @ 1.2960 (the asian range high). Im not sure weāll get a retracement but I was looking to get long around there, but sticking to the killzone entries stopped me from getting in Long there. (maybe for the better, we could see some downward action, now that weāve tripped the stops as rod mentioned - weāre also at 80.30 on the USDXā¦).
Iāll wait for NYO, but Im not sure Iāll trade today.
Yeah - gone through - there goes those stops - ok now to put stop to b/e.
Forgot to mention bullish divergence at ote point 15min on stochs at 10,3,3,
That was quick! I took a quick 20 min nap did set a limit buy order, but it did not get there so i am flat!
Hmmmm, nearly done as it is told again! I really should trade what I see and not get out early!!! :58:
Didānt take anything off (greed), instead locked in 33 pip profit with stop, figured the thrust would at least go and fill the adr - has now done that, still see more upside to around 3010 - 3020 - 3045 ( maybe nyo after a pullback, weāll see)
Letās see if we can help these newbies out a bit more, I was thinking by doing a top 5 of essentials that you must get fluent in, before going any further. There is so much stuff there from ICT, it gets a bit info overload.
Here are some initial thoughts.
- Support and resistance on Daily Timeframe.
- OTE.
- Kill Zone.
- Using USDX.
- Double Tap.
Do you guys think that just by using them to start off with, you gives you pretty good edge to start with?
All I know about ZEW is that, today it made me money
HmmI i was under impression you was flat? I take it you went long? @? LOKZ?
Ps what is double tap?
Search the weekly high/low on Tuesday/Wednesday, mix this with Fibs on the the latest swing, throw in weekly pivot SR