haha Good analysis!!!
Lol - OK PPFX - I certainly believe it does - but I would like to know if ICT can rationalise it - if not fine - Iāve scrolled thru enough charts to see it work over and over again as a price target/reaction point.
Iāve always put fibs on every swing to give me reaction and price target points, just never come across the OTE b4
He did go over this in one of his videos, dont know which one it was, but he said that he was astonished that after 20 years of using the concept it still hold true today. He also went on to mention something about price inefficiencies and suchā¦ and that marketās needs to go down to go up hence retrace to ote level , price engineering ect.
The main thing is that it works!!! i donāt want to know why it works, i donāt care why it works as long as my account is in green, because it works 
Mind you long way to go until i get to green. :8:
Iām trading like a complete kn*b this week.
Yeah I got in Short GBP/USD @ 1.6146 earlier at Ā£35 per point, decided to get out as I wasnāt happy with the position for Ā£30 profit!! Should have left it, would have been up Ā£1,000 now!!
Uploaded with ImageShack.us
Man you take some hefty bets with your account! Be up 1000?I donāt even earn that much in a month!
Got to have some B**Ls to do that! Kudos to you. 
haha Instead Iām down Ā£1,000 for the day when Euro banged me!!!
OWNED TWICE TODAY BY THE MARKETS!!! :56:
Man this market is screaming out for me to sell it right now @ 1.3045!!! Step away Andrew, step away!!! haha
Somewhere in the thousands of ICT thread pages that exist iām sure he explained it before but I can never use the search function here very well.
Anyway here is my thought process on why SMT and OTE work together from my notes:
Professional traders always buy low and sell high.
Now with the professionals who are driving price entering low for buys and high for sells but inline with market structure the OTE area is a logical place for that entry. Price is going to be heading away from their desired direction and will still be on the right side of the breaks in market structure. They can then sell high or buy low without the market breaking structure.
The EURUSD and GBPUSD pair have correlation coefficient of 0.80 on the daily chart. This is even higher on lower timeframes.
When we look at the SMT divergences between EURUSD and GBPUSD and we see GU making lower lows and EU making higher lows the reasoning for us to side with a buy for EU is because the professional traders would not be adding more sells to the GU. That would be selling low. It would be logical to assume that professional money was going into EU because it was going higher and if bought it would be bought at a low due to price heading down. The result is both pairs will react to this input of money.
Relax, the EUR/USD will still be there tomorrow 
maximum risk per day taken? iām short cable from 1.6143, taken first profit. and also shorted fiber @ 1.3045. split my risk between those two positons. i preferred shorting fiber, but looking at eur/gbp it seems that fiber will be stronger than the pound, so i have 60% on the cable short and 40% on the fiber
Cable 1.6130 support broken went back for retest, Usdx seems to have rejected that 79.90 level. Right now i am looking at the fig as downside objective. Will it hold or will it go back up? FOMC is just around the corner Bernake eagerly awaiting to to spill out his nonsensical speech which takes 5 year in uni to understand and when one does, he quickly realises that he is saying essentially- nothing ! no black and whiteā¦ gray all the way.
Nice trades Top!!!
They could end up fantastic trades providing Bernanke doesnāt screw things up
GL
Iām being greedy and aiming higher still on the old GU trade. Set last trade to BE because of well all of this malarkey.
Right now GU is at the asian range highs the 1.6120 level (1H support now in my opinion) and is bouncing about on 5m. Itās also an OTE area of todays move upwards. There is also an SMT divergence between GU and EU.
All in the london close kill zone though so itās not where I would ever buy but as Iām already in iām going to just roll with it.
So iām sticking it out and will close my trade later today itās actually quite fun watching this unfold now. Worse case is Iām up 1% account balance. Best case iāll be up by 3%.
he will. they always do! (regarding bernanke and other important people srewing things up)
haha Invoice him directly for a refund for ruining your trades!!!
thanks Woolo
yes that makes good sense that SM will always buy low into a downtrend and vice versa
and I understand the SMT div point as well thanks
Hey Purplepatch i like your analysis of the market, you have great points of view.
What made you get in the long on fibre this week. That was a good call.
Cheers
FOMC messing everything up - closed that short at BE + 1
Never mind
Next
As of the time you posted - 12:40PM NY time - the high on both of my feeds is 1.6153. A > 10 pip variance in intraday activity among brokers is quite high.
Short @ 1.3085
79% retracement of the 5-6th Dec 1.3125 - 1.2876. Stops behind 1.3083.