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

Oh right! FOMC statement later. That could screw things up! :stuck_out_tongue:

Well thatā€™s a new lesson.
Iā€™m a bit pi**ed with myfxbook economic calendar.
Iā€™m sure they inserted the High impact USD news since this morning, could have sworn it wasnā€™t there when I checked yesterday & a few hrs back :49:

We just filled the gap in the Cable :slight_smile: (it only took 3 days :p)

I just feel happy that on monday I recalled that cable would pick upā€¦:cool:

haha, what did I say :cool:

Great analysis! You were right pretty much within 10 pips! :slight_smile: Thatā€™s pretty damn impresive!

The power of higher time frame support and resistance :slight_smile:

Sundays levels playing out nicely:

Check for daily for the levels. 1.5680 and 1.5640 for potential support.

Yes, although unfortunately I missed a 15800 Short entry by less than three pips.

Same with my order. Had that at 1.5800 and missed by 1.5 pipā€¦

Hope to see an OTE at LC KZ though!

I think itā€™s better for you that you didnā€™t get triggered, :stuck_out_tongue: it will most probably reach to 1.5825 rather sooner than later

That would have been a decent 30 pip scalp! Im just glad I cancelled my limit order :o

Looks like the big fig is gonna get tagged :slight_smile:

Suspicious of the bounce off the lows on cable - Iā€™m smelling dead cat, but maybe Iā€™m wrong.
OTE short on the 4h, hit a wall at 1.58.

Murphys law strikes! As soon as I posted this my trade goes bad, Got smoked, did notice that divergence swapped & cable bearish div appeared after NYO.
Back to the drawing board :22:

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Both Fiber and Cable have failed to hit, by a couple of pips, 13580 and 15800 respectively

This suggest to me that some large entity does not want these pair to go higher and a significant spike down more than possible.

Everything is possible, if i were to go short then just for a scalp, nothing more.

Hi ,
Is this setup right or wrong? Is it right to look at short when all day price was ascending ?

Entry at 1.5790, sl at 1.5810 , Tp at 1.5733 ?
OTE at h4 + type 2 divergence at stoch.
Thanks


I had a limit sell at 3550 this past couple of days - thatā€™s the downside of limits - you have to babysit them, some say ā€˜set and forgetā€™ but it doesā€™nt work out like that in the real world.
When I saw the head of steam price had on break out this morning I immediately cancelled the order.

So I missed out on a lot of pips by exiting at 3440, but more important to me - I preserved capital by sticking to my plan.

Still bearish (Iā€™m kinda obstinate).

Thinking of now including cable in my trading - I really like the way it is following ICTā€™s teachings on MS breaks etc.

I would encourage you to add cableā€¦ It gives you more options when you are trading the two pairs. You are already analyzing it for your fiber trades anyway. Here is an example in how it is nice. I was looking to go long on the fiber during LO. It didnā€™t give any good pull back or Judas. Cable did though. I am long from 1.5747. Not the most perfect entry but good enough. :wink:

USDX is reaching for those old lowsā€¦ Hoping for it to breach them.

Yeah thats what I.m liking about cable - following more structure, always intended to include it - you guys have me convinced.

BTW hands up all those that have just jumped in - Iā€™m still bearish :slight_smile: