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

something interesting in pair correlations,
i’ll post a pic shortly

edit: the 4 pairs, fiber cable and the 2 jpy’s, h1 charts. First thought is this should not be possible. On 2nd, maybe it clears through eur-gbp.


pic hosting

90% closed for about 50 pips. i wonder why nobody else seems to trade cable lately? it offers so much easier setups in the last days / weeks

Funny you should mention it! I actually really thought about taking a long trade on the Cable today, when price reached an OTE area from Asia low to the high of the day, around NYO I belive it was. But I thought to myself, "no, don’t do it. Stick to the fiber, the fiber will be better for you than the cable!"
And shortly after that the fiber simply raped me!! :frowning:
Maybe I should try trading the cable for a while…

Because I’m in love with SMT, and don’t know what cable correøates with these days… Anyone?

Eur/Gbp is excellent tool for seeing which currency is on the move - today it was poor old Euro’s turn.

If selling in the Eur/Gbp - that means buying the Gbp - so cable stays up.

There is talk of fx repatriation being the driver behind eur/gbp rise

Just my take, but I always have the eur/gbp up.

Hmm, I’ll keep it up and see if I can spot what you are seeing, but honestly, I have no clue :confused:

Are you using EURGBP just as an indicator, or are you loading it up with fibo’s and s/r -levels to anticipate where the money will be?

My Monday night homework.

The ICT 3 bar pattern as of close today:-

Fibre, bearish, completed
Cable, bearish, completed
Wall St, bearish, completed
Eur/Gbp, bearish, completed
USDX, bullish, completed
EURX, bearish, completed

Autochartist range next 4 hrs - 3529 - 3497 / next 24 hr 3573 - 3453

So what I’ll hopefully do tomorrow morning:

  1. look at UK100 at LO
  2. look at US10yr at LO
    3)look at Wall St futures at LO

Quick look at news wires/ fxstreet/forexlive/dailyfx

re-check babypips calendar

I will think in terms of power of 3 - If am bearish I will look at selling above Asian low, above cpp, judas up.

I am not bearish now - I am bearish biased, I will only become bearish if I get some sort of confirmation in the above.

Will I trade tomorrow? - do’nt know, I would love to but concerned that revenge still in me so lots of anaylsis, and may wait until NYO - just to clean out the revenge.

Indicator only - just horiz s/r - when a push on fibre my first instinct is to check eur/gbp - just to see which currency has the action - try it for a while and you’ll see (does’nt replace smt - just helps in anaylsis)

Aussie will be interesting to watch tonight.

I think RBA holds, and aussie rallies to 1.05

Anyone else notice this railroad tracks? I mean I never did really because I don’t look for it. Possible correction or major trend change perhaps to adjust to the rally (mines inversed) in bonds but no DX reaction?



I am long on Fiber at 1.3495 with a tight SL at 1.3470 because beyond this point a possible farther down.
I am only looking for 30-50 pips. My short term trade.

Next is Aussie… I am a busy girl and I like it. :slight_smile:

Yep, we shall see…

Take care about that fiber long.Euro dropped on every majors today!

Yea, I missed the party today. Oh well. will see how this thing will played out.

Hello guys, newbie here… been following ICT/Babypips for several months now but thought i’d finally join this forum since ive started demo trading last week! I’m trading exclusively the EURUSD for now.

I got stopped out yesterday with that pullback, like alot of you. So it looks like the USDX has a little bit more space to move upwards before maybe rebounding at 80 level?

Hmmm your making me feel bad about going long this morning at LO lol… It was a losing trade… but one that I took and I think I would take again… It was a really nice set up. In saying that I would like to say that I don’t have access to hourly bonds…

Anyway, I followed through with my analysis and risk control/money management, bottom line is, sometimes you lose. What exactly did you see Yesterday that should have kept you out? I def wasn’t expecting to see those lows that early(Monday) but I was expecting to see them… and expecting to trade them. Just on Tuesday or Wednesday. lol Maybe that in itself should have warned me off. Thoughts?

Welcome Fuzzbuggy.

You will learn so much here. One piece of advice, do not follow what everyone one here says unless it is agreed upon of what you come up with. We are all different traders. It is hard to follow someone’s strategy that you are not comfortable with. Though, it helps when you can talk to someone why you took the trade or why not. Most if not all, are still developing traders (like me) so we are not really an expert although sometimes we think we are…lol.

What I like about this thread the most is that we are giving support and encouragement from each other specially when we lose or if someone had a good trade, we are happy for them ( but then we hate them afterwards…lol…j/k).

It’s nice to bounce off some ideas and learn from each other. It will also give you some confidence to trade even if it is right or wrong at least you pull that trigger on and let it see what happen. There are so much to learn as you go along.

Good-luck!

Hi PipNRoll, thanks for the advice, duly noted haha ;). Its good to be part of the ICT team!

Bonds: lower High
USDX : higher High