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

Thanks bro - can you give me a run-down when you’re done? :slight_smile: I can’t watch it - at work :frowning:

3285 AGAIN!! - I am creating a new fool proof strategy - multiple buy orders at 3285 - then retire :slight_smile:

Jonnycab - you’ve bought around here twice recently, did you catch it?

long fiber 1.3290 and cable 1.5824. ote’s, reflection, ksr cable, stoch divergence, smt divergence usdx, eurx, fiber, cable, pretty much all over the place

LOL nope, wish I took that trade yesterday during London Close!

I saw the push higher this morning at 6:30, then missed that nice spike down this morning while on the way to work :frowning: (should have placed a limit order!)

I cant help but think that levels gonna collapse soon, its been tested quite a bit over the last few weeks. BUT, its not what I think, its what I see, and a push higher looks quite probable :slight_smile:

Absolutely, so often it is.

Look at that 1HR chart on the EUR, it looks like someones heart monitor while being struck by lightning, I’m protecting my 80 PIPS from Tuesday, I’m not in the mood for shocks.

fiber seems to be up to something… spastic movements. will we see a massive breakout today?

I just don’t like that bearish divergence … Cable higher highs / Fiber not! As an experiment I might leave my trade running, taken first profits, bringing stops to breakeven.

Keep trading into the range, when it does break out, have a portion of the trade still on, it could easy range until the end of next week.

Argh! Couldn’t resist! Closed my Fiber long @ 1.33346… 40 pips I’m too risk adverse lol!

I closed the remainder of my Fiber possition too :slight_smile: The last couple of days when I’ve tried to hold something for later in the day, it has always come right back in my face! But not this time! :cool:

Or I have another Idea… how about you visit all the ICT materials including the full top down analysis ones… emulate what was taught then with what is happening now… Just a thought…

Perfect storm this morning in LO. Fiber OTE, reflection, TS under Asia ++ and German/Eurozone flash pmi’s to add fuel. :slight_smile:

The thing is, look at the market conditions we’re currently in. Heavily range bound for past 2 weeks or so. These are not trending conditions, so closing out your trades at the levels you’ve mentioned, to me, makes perfect sense. These are scalping conditions until we get a significant push one way or the other.

As PPFX said, we’re going to break one way or another, but until that happens, I wont be attempting to hold for any great length of time. (I’m a short term trader anyway, so I dont normally hold for longer than a few days).

The markets never cease to amaze me with the amout of opportunity they provide for getting back in :slight_smile:

True, true!
What made me want to hold was what really seemed to be a Judas swing to take out the stops below the Asian range (Fiber) which to me could imply an up day.
Also looking @ Oandas & Myfxbooks open positions, the street money is short, so time to bully the little fellas out of their positions?
But divergence is divergence! I’m almost addicted to this one tool & it said (to me) we’re going down folks!

I use Moore Research - you are right about using it as a year ahead approach, back in 2011 ICT did a challenge thing, against himself, to show students what can be done with, not agressive but maybe active, trading.
He opened the a/c in sep and it shot thru the roof, he had talked about doing this some 3 - 4 months in advance.
Later when discussing the results he made the point - ‘why do you think I waited until sep - seasonal tendency’ - he had used that as an additional tool.
( I could be wrong about the month and year, I am at the wrong location to check, but the jist is correct)

ICT has good videos on this subject - check out Clint’s thread, page 5

I completly agree. It just took me a couple of days to figure it out! :wink:

The problem with that chart is that there is no clear predominant move, so you have to consider the high to the low of the chart, what I do with a chart like that, is to have 2 Fibs, the one you have, and from the high to the low, and see where the confluences lie.

I agree and would add, it doesn’t need to be a video. It could be as simple as:
Directional bias + reason
Stalked level 1.xxx due to ABC …
Entered at 1.xxx as had the following confirmations …
Planed exits 1.xxx, 1.xxx … because of …

e.g.
Bullish on EURUSD - Market structure
Stalked 1.3000 - 4h OTE, S/R on the daily and big fig
Entered at 1.3010 - 5M OTE, pivot point, stinger
Planed exits 1.3040 (initial TP @ +30 pips) & 1.3100 (127 extension)

Green, PPFX, Top, Esser, Jonny -all you guys (and gal) this is what is good about this thread - people giving ideas, experience, thoughts - no ego involved - I’ve learned and am continuing to learn a lot from these posts.