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

Oh, I see :slight_smile: Well, go Fiber then!!

Hence one reason (not only) that option levels are sometimes vigorously protected, 20 and 80 a little more so than the 50. Suppose it depends upon what the big money wants. Funny about that.

To be honest Iā€™m not that confident about it, but the risk/reward is good enough for a punt!

quod erat demonstrandum = which was to be demonstrated

Is it all or nothing or can you reduce your risk as your target gets closer to being hit

Yeah you can get out all or part of it at anytime

Fiber
through the 50

Is this H1 chart? I dont see head and shoulders pattern on Daily chart

i was really struggling but i just exited my fiber longs (part of the reason why i struggled was that ict is still aiming for 1.3380, but i got to have my own opinion, right? ;)). 50 level, 2 reflections, 4h ote, noykz, 1h grail on fiber and eurx as well. too much reasons to hold on to my longā€¦ actually i thought a second about shorting now, but i made rule that i wonā€™t switch positions like that, because it just hurts too much if you get out of your winner, enter a loser and burn all your profits. not worth it. i got my share for today.

We have SMT divergence between the fiber and the USDX, donā€™t we? And between the fiber and cable tooā€¦
USDX made a lower low, cable made a higher high but fiber did not make a higher highā€¦
Is that reason enough alone to exit a long at this point, or what do you guys make of itā€¦?

You can see it on the 30 min or less charts. Its just not so apparent on the hourly.

Before trading that pattern a confirmed break to the sell side of 1.05275 would be needed. There is a probability this instrument is preparing for a push long up to the previous high that was made in Feb last year. 1st it would need to break 1.0600 level again. It bounced off for the 4th time early this month.

79.80 DX is holding for nowā€¦ Took took 1/4 offā€¦ Sl on the last 1/4 at .3320

I am still long on Cable for anyone who caresā€¦:slight_smile:

I really want to get that 1.5930 atleast this week. I moved my sl to1.5820, if that hit Iā€™m done.

iā€™m with you :slight_smile:

what are your reasons for long cable?

Goodā€¦ just donā€™t blame me if you loseā€¦lol

We shall see if it break that 1.5880 resistanceā€¦ It looks like it is trying tooā€¦ we shall see.

did you guys notice the gravestone doji on the h1 fiber chart?

Daily chart still oversoldā€¦ Granted it will go back down again towards 1.5780 before going back up but right now it ā€œlooksā€ like trying to break that resistance of 1.5880ā€¦I have my sl in place. If Iā€™m out, Iā€™m outā€¦I already took some profit yesterday so no big dealā€¦

i was in the trade before you were in it (i guess, if i recall your previous posts correctly), so donā€™t worry :slight_smile: took some off already, letting the remaining break the resistance :wink:

[quote=ā€œpurplepatchforex,post:5669,topic:46049ā€]

Read more: 301 Moved Permanently

I know I know I know, I saw it too, this is the most expensive hangover yet, and for those of you into a bit of volume, volume spike on 1hr, remember itā€™s either narrow spread candles, with extreme volume be it high or low, thatā€™s where I was going wrong with VSA, using it to work out if the market is buying into bears or selling into bulls, itā€™s a waste of time, but extreme volume for entries Iā€™m finding very useful.[/QUOTE]

Closed Fiber @1.33166, Didnā€™t like the bearish divergence @ NYO