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

[minidiez]

Hey everyone!

ICT tweeted about the Chris Lori webinar and I recorded it for those who missed it.

Here are two links to the risk webinar held last night!

1. Full Quality: https://rapidshare.com/files/3469121514/ScreenFlow2.mov
2. Lower Quality (smaller file): https://rapidshare.com/files/515205457/ScreenFlow.mov

Multiple Upload Links:

1. Full Quality: Download links for ScreenFlow2.mov - Mirrorcreator - Upload files to multiple hosts
2. Lower Quality: Download links for ScreenFlow.mov - Mirrorcreator - Upload files to multiple hosts

MD5: Version 1 - 138C5586E8C13B951C80FB78440B9FEE;

MD5: Version 2 - F957803B395B3FAD586320E31D884EED;

Create an account and sign-in first to access the files.

[peterma]

OK - now exited fibre long at 3380 so will post my lesson learned today.

ICT exhorts us to listen to no-one - not anybody - when deciding our bias and trade plan ahead - this is so true.

I posted some charts last night, I removed all s/r lines so that I would’nt influence anybody with my newbie anaylsis, I was, however completely convinced that the US10yr had reached major resistance and would bounce which agreed with my premise that fibre was reaching for 3400 this past week and would rise at LO this morning.

So what did I do at LO - changed my mind on a whim and went short - why?

I cannot answer, I do not know - I know I read somewhere, I do’nt know where, that the euro would fall, so somewhere in my brain a mini me urged me to go short - and just like Homer I listened.

I soon realised that the whole thing was wrong - I had used a reflection to enter and saw price rise beyond the line, so in a sense my stupidity got me in, the ICT tools got me out - minus 15 pips.

So what to do then - I again used the tools and ICT teaching to get me in the correct direction - ICT has taught us to look to where is price trying to reach to (my 3400 premise)

I went back to my US10yr for confirmation of direction and got it so went long.

Price went up until 13.30 gmt when we had a pull back - checked for divergence - yes 10yr said not to worry as fibre should still be going up - so I added to the position - hidden OTE asian high to low 14.00 candle - I could do this with confidence simply because of the 10yr divergence.

(I’ve marked the 2 red candles which gave the divergence - 10yr price falling - fibre should have been rising )

This is a first for me in using ICT methods for exiting a bad trade, entering a good trade and adding to a trade all in the same day.

Thank You ICT again in mentoring us - we are improving

[green_as_grass]

Hey everyone!

ICT tweeted about the Chris Lori webinar and I recorded it for those who missed it.

Here are two links to the risk webinar held last night!

1. Full Quality: https://rapidshare.com/files/3469121514/ScreenFlow2.mov
2. Lower Quality (smaller file): https://rapidshare.com/files/515205457/ScreenFlow.mov

Nice of you minidiez, do we have to log in to download?
Link gives “Download permission denied by uploader” msg

[Kuzia]

Michael long time i said that but i love you soooo much!!! :*

[Esser]

OK - now exited fibre long at 3380 so will post my lesson learned today.

ICT exhorts us to listen to no-one - not anybody - when deciding our bias and trade plan ahead - this is so true.

I posted some charts last night, I removed all s/r lines so that I would’nt influence anybody with my newbie anaylsis, I was, however completely convinced that the US10yr had reached major resistance and would bounce which agreed with my premise that fibre was reaching for 3400 this past week and would rise at LO this morning.

So what did I do at LO - changed my mind on a whim and went short - why?

I cannot answer, I do not know - I know I read somewhere, I do’nt know where, that the euro would fall, so somewhere in my brain a mini me urged me to go short - and just like Homer I listened.

I soon realised that the whole thing was wrong - I had used a reflection to enter and saw price rise beyond the line, so in a sense my stupidity got me in, the ICT tools got me out - minus 15 pips.

So what to do then - I again used the tools and ICT teaching to get me in the correct direction - ICT has taught us to look to where is price trying to reach to (my 3400 premise)

I went back to my US10yr for confirmation of direction and got it so went long.

Price went up until 13.30 gmt when we had a pull back - checked for divergence - yes 10yr said not to worry as fibre should still be going up - so I added to the position - hidden OTE asian high to low 14.00 candle - I could do this with confidence simply because of the 10yr divergence.

(I’ve marked the 2 red candles which gave the divergence - 10yr price falling - fibre should have been rising )

This is a first for me in using ICT methods for exiting a bad trade, entering a good trade and adding to a trade all in the same day.

Thank You ICT again in mentoring us - we are improving

<img src=“301 Moved Permanently”/>

Impressive stuff peterma! I guess looking for longs would be the smartest thing to do, since marketstructure is still bullish on 4h and up, isn’t it?
But i admire your skills at anticipating what the market might do! I simply don’t know how to do that yet, so I end up taking stupid trades, because I really don’t know what to wait for the market to do…

[IbePippin]

hi damagecontrol, congrats for a very nice setup and trade idea.

it’s interesting at this point, because it could go all the way up to the upper boundary and over into extension area. Or the reversal pattern at point 3 in the chart is functional and price could change direction. Pasting in another screenshot with the same 3 support resistance lines as before, both sr 1 and 2 offered long entries today, and sr0 now is resistance with close below. I have a short entry at sr0, granted it is somewhat above the line, took it there on assumption price would close below the line and the hours being of low liquidity. It’s late here my time, so i’ll check in a while, hopefully take some off/ breakeven the rest, and looking forward to seeing what happens next!

this thread is a great place where we can share methods and perspectives and it’s very good learning experience. Cheers all!

edit: for some reason label ‘SR 0’ does not show in the chart, it should be at the top line there

@damagecontrol90

Scaling out 30% at OTE.

MACD shows incredible type 1 and type 2 divergence for this channel. Same as stochastic but more obvious.

Point 3 in sights after OTE.

[MrGekko]

OK - now exited fibre long at 3380 so will post my lesson learned today.

ICT exhorts us to listen to no-one - not anybody - when deciding our bias and trade plan ahead - this is so true.

I posted some charts last night, I removed all s/r lines so that I would’nt influence anybody with my newbie anaylsis, I was, however completely convinced that the US10yr had reached major resistance and would bounce which agreed with my premise that fibre was reaching for 3400 this past week and would rise at LO this morning.

So what did I do at LO - changed my mind on a whim and went short - why?

I cannot answer, I do not know - I know I read somewhere, I do’nt know where, that the euro would fall, so somewhere in my brain a mini me urged me to go short - and just like Homer I listened.

I soon realised that the whole thing was wrong - I had used a reflection to enter and saw price rise beyond the line, so in a sense my stupidity got me in, the ICT tools got me out - minus 15 pips.

So what to do then - I again used the tools and ICT teaching to get me in the correct direction - ICT has taught us to look to where is price trying to reach to (my 3400 premise)

I went back to my US10yr for confirmation of direction and got it so went long.

Price went up until 13.30 gmt when we had a pull back - checked for divergence - yes 10yr said not to worry as fibre should still be going up - so I added to the position - hidden OTE asian high to low 14.00 candle - I could do this with confidence simply because of the 10yr divergence.

(I’ve marked the 2 red candles which gave the divergence - 10yr price falling - fibre should have been rising )

This is a first for me in using ICT methods for exiting a bad trade, entering a good trade and adding to a trade all in the same day.

Thank You ICT again in mentoring us - we are improving

Sorry if this has been already shared…but where are you getting your bond charts??

[peterma]

Impressive stuff peterma! I guess looking for longs would be the smartest thing to do, since marketstructure is still bullish on 4h and up, isn’t it?
But i admire your skills at anticipating what the market might do! I simply don’t know how to do that yet, so I end up taking stupid trades, because I really don’t know what to wait for the market to do…

I’m only a student like everyone here.

Sometimes I get a ‘bias’ from ICT’s teaching about there being a ‘them’ i.e. the banks - so I am always trying to see what their goal is, I’m always thinking ‘us and them’

On fibre I noticed yesterday that price refused to go down to 3250 - yet cable was suggesting that a hefty lower low should have happened - down at least to 3220 - so that coupled with the 10yr hitting resistance convinced me that they were protecting their own stops below 3250

That’s the second time I’ve seen this phenonom recently - maybe this is why ICT tells us to narrow our focus - we get to know the nuances of the cross.

When I saw the tight coil on the 15 min around equilibrium 3285 last night I was all the more convinced ( yet the newbie in me traded the opposite way)

Tonight all the indis are saying bullish,bullish but I exited the long at 3380 because price has reached resistance.

ICT teaches that often if there is a stop raid in a session opening such as LO or NYO then there is often a sharp change in direction at least in the short term - I am guessing there a stops above 3400 thus my caution.

I also look at the A/D with williams% on 1 hr - it’s showing div with o/bought on the williams - so makes me cautious.

Good video on A/D div here: (the video called trading accumulation distribution)

Trading Accumulation - Distributionon Babypips Inner Circle Trader - live streaming video powered by Livestream

[peterma]

Sorry if this has been already shared…but where are you getting your bond charts??

ETX Capital - a uk broker - I’m guessing other uk brokers offer same as many traders trade the bond prices.
Must check.

Yes - Capital Spreads in UK - they offer an unlimited demo a/c and has the bonds with charts.

[damagecontrol90]

Looking at a possible 4H bounce, using 1h to confirm. Nice R:R for a 1H H&S entry to ride a 4H H&S if it plays out.

Staying long for 4H W5 if 1H MS holds today.

[minidiez]

Nice of you minidiez, do we have to log in to download?
Link gives “Download permission denied by uploader” msg

I’ll check it. I’m not sure why it’s saying that.

[ptangkw]

I’ll check it. I’m not sure why it’s saying that.

Just wonder if there are alternative sources or ways to download it. Thanks for helping.

[minidiez]

Just wonder if there are alternative sources or ways to download it. Thanks for helping.

I will be uploading it to multiple mirrors.

[rod178]

I will be uploading it to multiple mirrors.

4shared would be good

[damagecontrol90]

Getting bored waiting for my set up, looking at monthly and weekly charts, I was surprised to find this.

[wigglez]

@damagecontrol90

Getting bored waiting for my set up, looking at monthly and weekly charts, I was surprised to find this.

Where would you have placed your sl?

If you would have gotten in the first moment 5 was hit, you could have been stopped out as it went lower still

[damagecontrol90]

Where would you have placed your sl?

If you would have gotten in the first moment 5 was hit, you could have been stopped out as it went lower still

I wouldn’t trade this, I would look to get in sync on a daily basis using the lower time frames using ICT tools.
Basically I would be hunting swing lows on the daily chart.

[peterma]

Notice how price has held up nicely - there was no profit taking hour at LC or in the NY session - the asian did’nt rock any boats - so assuming the banks were long then are they still long?

Everything left in the oven as London left it.

When does the profit taking occurr during the week?. I’ll bet there will be some action today.

[Esser]

Notice how price has held up nicely - there was no profit taking hour at LC or in the NY session - the asian did’nt rock any boats - so assuming the banks were long then are they still long?

Everything left in the oven as London left it.

When does the profit taking occurr during the week?. I’ll bet there will be some action today.

Do you think they are hunting the stops above 1.34, only to slam it down afterwards? Or do you think it will shoot through that level?
I’m a bit confused here… The higher timeframes suggest higher prices, but at least the London session is very prone to fakeouts, so I don’t know if price will break through for real, or just to fake everybody out…?
On the 15M chart be also have bearish stochastic divergence, and SMT divergence with the cable.

[peterma]

There are 2 sets of stops - the very close by stops that could have been very easily taken yesterday had they wanted. The next are a little up, also within easy grasp.
They held price up last night, the asian did’nt encourage any new longs, there would possibly have been some limits at either 3350 or 3360 - others would have seen the hold up and wanted on - notice how price just did’nt get there.

In my mind there are 2 possibilities - a stop raid and run back to get more shorts thinking this thing has bounced - then back up for 3480 - or a big push straight away for 3480.