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

[rod178]

That’s my interpretation atleast

Judas Swing
My interpretation on JS PA post AR is –

A JS will almost always (say 80%) occur ‘if’ it will substantially increase liquidity eg JS induces breakout traders to go Long and subsequently SM take price lower trapping the Longs. Hence, look for point where Open orders may be sitting. Stop hunts are not imho a significant driver of the JS, that comes later.

Use the AR high/low , as well as those of the previous five days, previous day high/low etc for potential JS targets. Often the point is only broken by a pip or less, just enough to induce entries by the breakout artists. Try to wear the shoes of a breakout artist for a short time ie ask ‘where is the breakout point likely to reside?’. Use the ‘tools’ to confirm an opposite entry point on the JS. Only enter during the LO KZ

Also look for signs of accumulation/distribution in the AS, although sometimes unclear, such as yesterday. Ie Distribution into mid AS then Accumulation second half AS. Take into account yesterday’s post News spike. This will help ‘predict’ where points of liquidity reside, due to bullish sentiment awaiting a sign of another run. ie on/above AR High, on/above yesterday’s high and, due to proximity, on/above the 13100 Figure.

Fakeouts will mostly be avoided by sticking to the LO KZ, ie one hour before and one hour after the LO. Dropping to 30 min surrounding the LO will avoid nearly all Fakeouts, although a lot of good trade entries trades may be missed. One hour either side seems to work the best for me.

[DodgeV83]

All SMT divergence on all time frames is showing a huge amount of USDx strength all week. It looks like they are trying to make this a new long-term top and accumulating a large short position. I lost a few shorts over the last few days, but I’ve got an entry at the top now, SL above the 1.31000

[damagecontrol90]

Fiber not clear to me, could go up to test highs and further or could go down to test the lows, who knows

Cable MS bearish(did not retrace to the high like the fiber)

SM left a clue early Asia by running Tuesdays high selling into buy orders.

HTF OTE lines up with Thursdays Range expanded 100%, if the today’s High stays within current range OTE.

A Judas swing down before London open to Wednesdays low would be reflection from Asia Range.

Not sure how it will play out, however it unfolds though , looking for opportunity to short.

Edit: way off lol… still looks bearish though

[ineedtolearn]

ICT, thank you thank you thank you so much!!

You’re the greatest forex teacher on earth.

Thank you for sharing - it all works

Thank you

[IbePippin]

Judas Swing
[B]Try to wear the shoes of a breakout artist for a short time ie ask ‘where is the breakout point likely to reside?’[/B]. Use the ‘tools’ to confirm an opposite entry point on the JS. Only enter during the LO KZ

this is great line.
looking to see how the other camp reads the chart.

[mostwantedpips]

It is psychology, but a lot put too much emphasis on it, thinking I’ve got to sort my discipline out, but it just comes in the end, keep learning and the psychology falls into place.

This will help a little though - NLP

I gotta say i like you website and the resources that it contains- its packs lots of useful info in a neat package! Keep up the great work!

[IbePippin]

Hi ICT and everyone!

Pivot Points:
I’m still at a loss here. I have not been able to use these either. They currently offer me no % edge at all as they will keep me out of as many profitable trades as they will keep away form losers. For example staying out of a buy because price in in the resistance zone. Or buying in a support zone then price moves down further hitting stops.

The Judas Swing:
I do not have any way of determining a false break from a real breakout. I also do not know how to determine the reach of the judas false break if it is indeed a judas so entry is not possible as I do not know how to calculate what risk to use.

Can anyone help me fill in these blanks?

hey woolo, the Judas is one maneuver that needs be suspect, surprising, unsettling, that kind of thing. A successful one makes people exit good trades, and convince many to reverse, in addition to taking in the usual breakout camp. Judas often moves fast between where price is at the moment and some level (prior swing, consolidation zone) generally outside view. what would that be, the general trading education talks about momentum and breakouts, their words for teaching people to chase price, to consider a window of 300 bars on a 15/30 min chart it means 3-6 days. All judas are not like that, however when price appears to break out only to move fast into a S/R level older than a week, high chance it will be. Of course, placed in context of HTF move, kill zone, looking at charts from a distance.

Pivot points - not using the daily as much, weekly pivots yes. Moves may go from pivot to pivot, across sessions and killzones, so it’s good orientation i find. One kind of setup is when price comes from one side of the level, breaks through, pulls back to it, stays in congestion, then moves away in same direction. so if it comes from underneath it will setup a long, viceversa for shorts. the congestion part could happen in the AR, the moving away in a kill zone after a judas takes out the low of AR, could be one scenario. Look at many charts and see what other scenarios you could notice.

hope this gives a bit of orientation. good luck with trading!

[purplepatchforex]

I gotta say i like you website and the resources that it contains- its packs lots of useful info in a neat package! Keep up the great work!

Thanks, I try, I should do more, I want to help some of these serious newbie’s that come on, and see the ICT threads a bit too daunting, I mean, if I’d have never seen it before I’m sure I’d be going WTF, I’m thinking of doing a thread for that purpose too, a 4 month run thing, to set out the basis of ICT’s material, spread the word, I’ll have to have a proper approach though, like ICT obviously did at the start.

Also peterma is compiling a catalog for us, I’m looking forward to that, all professional must have a proper reference manual.

Hey Dodge, where’s your volume indicator?

I’ll tell you this as quickly as I can, got into ICT stuff, and still wanted to use Volumes, then saw how good it was and fell out with it, then had a good think about it, and you can still use it to get an edge.

Remember you look for extreme high or low volume and wait for the reaction, that’s no good, I was looking at it yesterday, at best you would have been in a break even trade, it’s the reaction that’s the pitfall, you’ve got to wait for it, so you’re loosing pips before you start, so by that your lowering your risk per pip, which also means that your break even is more likely to be hit etc etc etc. But those extreme volumes can be quite useful, but now you see extreme volume so you know something is up, it’s going to move, but you don;t wait for the reaction, you wait for it to hit the next SR level and use OTE in the Kill Zones, also handy for exits, I used it yesterday to close all my trade off, I think it was big volume no progress in price, hitting the Asian levels of last week, and back up it goes.

[damagecontrol90]

[mostwantedpips]

Missed it! Again… :rolleyes:all because i would not enter at the market, no i need to use limit orders ! don’t I? silly:mad: Price came to 1.318 rejected dropped a little and started climbing, thought here we go pulled a fib! set double tap limit orders and just watched price drop20 30 pips just like that.Never retraced far enough.Yap gentleman that’s how you miss your train, it does not even stop for you…

[PureMuscle]

Missed it! Again… :rolleyes:all because i would not enter at the market, no i need to use limit orders ! don’t I? silly:mad: Price came to 1.318 rejected dropped a little and started climbing, thought here we go pulled a fib! set double tap limit orders and just watched price drop20 30 pips just like that.Never retraced far enough.Yap gentleman that’s how you miss your train, it does not even stop for you…

That’s how it goes brother! You just have to wait for those days where the train driver realises you aren’t on board and comes back to pick you up

[IyaJenkei]

Guys i think i really had a breakthrough this week. And all I’ve been looking at is support and resistance. even little short term highs and lows. its almost like i can predict how price is gonna swing lol. but its probably just this week :D. Its kind of like playing halo. Predict where people are going to go based on where the others have gone. and keep your reticle aimed at the head lol.

[purplepatchforex]

Guys i think i really had a breakthrough this week. And all I’ve been looking at is support and resistance. even little short term highs and lows. its almost like i can predict how price is gonna swing lol. but its probably just this week :D. Its kind of like playing halo. Predict where people are going to go based on where the others have gone. and keep your reticle aimed at the head lol.

Always a good idea, focus on one thing at a time, then put it all together.

[IyaJenkei]

Well and i’ve been keeping market structure and flow in mind but mostly just looking at how price bounces around.

[IbePippin]

@mostwantedpip

Missed it! Again… :rolleyes:all because i would not enter at the market, no i need to use limit orders ! don’t I? silly:mad: Price came to 1.318 rejected dropped a little and started climbing, thought here we go pulled a fib! set double tap limit orders and just watched price drop20 30 pips just like that.Never retraced far enough.Yap gentleman that’s how you miss your train, it does not even stop for you…

possible setup inline with structure?

[Windsurfer]

Can somebody explain to me how to read the Asian Session?
I watched the video and I understand that the Smart Money accumulates longs or shorts during the Asian session which will determine how the day will unfold. But how do we know if they accumulate longs or shorts? What do we look in the Asian session for? What are the clues? Thank you!

[jonnycab]

Can somebody explain to me how to read the Asian Session?
I watched the video and I understand that the Smart Money accumulates longs or shorts during the Asian session which will determine how the day will unfold. But how do we know if they accumulate long or short? What do we look in the Asian session for? What are the clues? Thank you!

Have a look at Tansen’s post on the previous page: 301 Moved Permanently

[Windsurfer]

Have a look at Tansen’s post on the previous page: 301 Moved Permanently

Tansen says: “Look @ trend of asia it will be counter trend to London”. It makes sense but I watched again some parts of the video and from the examples presented and I cannot see any inverse correlation between the trend within the Asian session and the trend in the London session. Did ITC follow up somewhere on the clues we have to look for?

[IbePippin]

also look at ny, sometimes london session highs and lows, were stops raided either side? and if so what could it mean.

Can somebody explain to me how to read the Asian Session?
I watched the video and I understand that the Smart Money accumulates longs or shorts during the Asian session which will determine how the day will unfold. But how do we know if they accumulate longs or shorts? What do we look in the Asian session for? What are the clues? Thank you!

[purplepatchforex]

Dont know about the GBP, but I wouldnt touch that EUR with a barge pole today.