Took exactly the same trade pip for pip.
I was anticipating selling EU today but there was never a 1H breakdown where as I knew if GU hit that support level in LO I’d have to take it as a day trade. It had hourly support, hourly structure breaks and an SMT divergence at entry all in its favour.
Only using 2 TP’s and the second is 1.6175 incase the 4H top stops are hunted or i’ll just manual close it at LC.
I’ve closed my EU long trade. It turned out to be more of a scalp, but I made a bit more than 1% of my account, which is my daily goal, so I’m very happy 
Looking at the 1H chart, do you think we will go in to consolidation soon, and then the start of a run lower, or what do you think will happen?
Daily goal of 1%. 
Even very experienced pro traders struggle to achieve such figures, so i would be very interested to see how you do that. Not saying it can not be done! anything is possible and if you do manage to bag 1% every trading day then you are more successful then 99% of traders in the world.
Hope your goal is achieved and you share your system down the line…
Decided on my New Year’s resolution: “Only Trade (Fiber) in the LO KZ, for all 2013”
No fill in the hour before or after the LO will mean no trade for the day, despite the often numerous temptations at other times, designed I suspect to separate me from my money. :33:
Currently my overall “ICT method” trading record is a little (read tiny :56:) bit over BE, with nearly eighty percent of the loss trades occurring outside the LO KZ. Admittedly many, although certainly not all, of these loss trades are to test out the concepts, although all seems to come together, so far, only in the LO KZ, even when I have the wrong bias.
Hope this assists those just starting out with ICT’s concepts ie to paraphrase Michael’s previous advice -specialise on one pair, during a tight TZ, using as few tools as possible.
PS Suspect that NYO will be the beginning (51.26% probability)of a reversal, although will wait for tomorrow’s LO. 
:44:
I know it’s a bit much, but every newbie has to dream, right? 
So far I’ve done it every day this week actually, but the week is only half way done… And, it might just be beginners luck, since it’s my first week trading live And one week doesn’t really tell you anything about how good or bad you are at trading!
What s**t analysis, I got owned on my short from yesterday!! -30pips!!! :56: LOL
I do like LO and it does seem to offer best rr ratio, as well as intra day trading! Nice resolution
I was thinking exactly the same starting next year!!!
The Cable getting up to the 6175 level looks a pretty good bet to me. From a market maker perspective its got the anticipation of FOMC making the $US weaker thereby dragging in longs to take out the stops and then hitting it down on profit taking / sell the fact psychology. The fact that the 6160 - 6175 level is at daily OTE range makes it look a very attractive place to short. Well I got my order in anyway.
Hey i think a lot of people got owned today. It all seems to line up and poofffff all out in smoke. To be fair today is a day that is best to sit out is what i kept saying to my self when entering my morning trade:D.
Analyses was good, just sometimes external factors kick in and kick you in the b*lls.
Just before Xmas dirty bankers…
Great minds think a like :20:
:18:
ICT Double Tap:
This is an entry concept where a Trade, either long or short, is entered with one of two methods:
Two equal sized orders at entry. Ex. Two long orders at market 1.6020. One order is collapsed at 1.6050 for +30 pips. The second order is held for higher targets. The shot to the chest… first profit. The second is the head shot… the higher level target in pips. It is a split fill for ease of trade management.
One trade entry with multiple lots… some scaled off at +20-30 pips as first profit. Then the remaining portion is taken at a larger target. This is essentially the same concept just entry method differs.
Double Tap is dividing your Profit Taking into two stages… first profit and second profit. “one to the chest… one to the head”. Hope that removes the confusion folks.
[B]GLGT[/B] :57:
EU is approaching the OTE short from last weeks high to last weeks low. OTE sweet spot is at 1.3052 on my chart. Anyone thinking of going short there?
Be careful.
Well I don’t really know if I wanna take the trade right now… We have some FOMC stuff coming out later today, which could screw things up.
So I was just asking what people are feeling about this setup? I assume I’m not the only one who has been watching that level!
Someone is just after handing me a magazine - front cover has only 4 words -
‘Whatever happened to patience?’
Fiber panned out to script. So much fun when my calls are lucky. Cable long was liquidated 1.6040. I will post a video tonight recapping. This concludes my trading for 2012.
Thread still has more coming even though my trading has ended until mid January 2013.
[B]GLGT[/B] :57:
“Patience is just procrastination, without the guilt.”
Harry Pearce (Peter Firth), head of the MI5 Counter Terrorism Department (Section D),
in the BBC television series [I]Spooks[/I]
(Of course, Harry Pearce was a lousy forex trader.)
Looks pretty good to me - lines up with rnm WR1, OTE, SR etc etc
Could well be NY reversal, mid week reversal
I put a small short at 45 and see what happens
Excellent idea, I’ve been doing the same for about a month now. I was initially trading both Cable and Fiber with reasonable results, but it was too much for me to manage. So for the past month I’ve been trading Fiber only. BUT, also doing my analysis on the Cable, as they’re so tightly linked!
When you combine this trading style with market structure, you will wonder why there are guys out there trading 4-5 pairs.
It has definitely given me way more focus.
In the interest of openness, had a loss of that focus today, first loss in over a month! To the tune of 17 pips.
I got in short @ 1.3018 on the Fiber (using the same reflection pattern mentioned by a few today - assuming we had made the high there, what is it they say about assumptions?)
SL was at 1.3035 (10 pips above the high at 1.3025 at the time)
This is why it failed:
Counter trend trade
Strong bullish market structure
No break in market structure to indicate a short entry.
Just outside LO (10:15 or so I opened the trade).
A typical case of trying to force the market before it had given me a confirmation for a short entry!
Lesson learned (again)
The long from the start of the week more than covered this loss though! So you can still lose and be profitable with correct risk management!