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

Sold at 1.04255 AUD/USD. looking pretty good for me right now. Finally!

My ‘emotional bias’ is to look for a Short going into LO

However, my tools tell me a different story, undeveloped as they are, which is go Long

Fiber price now sitting on a previous weekly Double Top of about 12 months ago
MS Daily remains Bullish
Divergence between US Bonds and USDX. If Bonds are Leading (??) then this is bearish USDX -> bullish Fiber
OTE and Reflection entry around current AR low - zone out on H1

waiting for a JS down beneath AR Low going into LO.


Guess I’m alone thinking that 79.00 was a support level and that right now it has no where else to contend for except maybe 80.20 again

Well, for me to go long on fiber, I want an OTE, either now or in NYO… lets see what happens,

Following same path as last week, Judas/reflection in LOKZ.


EU news at 10.00 am gmt - my anaylsis from last night - nothing much changed - poss consolidation, I am not buying at present - falling knife etc - will just wait and see.
IF was going to sell it would be above asian range low.

Tansen’s image is difficult to see but there are a few railroad tracks after yesterday - eurx, eur/gbp - watch out for those trains :slight_smile:

Just took half off for 30 pips
stop moved to +5pips

REVENGE IS MINE !!!

Nice :slight_smile:

Long @ 1.3473, saw the drop below the noted 1.3480, entered at market.

So what kind of entry signal did you guys use? just a pricelevel, or anytihng else?

HTF S&R level, 79% retracement level of the current range 1.3415 - 1.3710 (you can see it nicely on the 1H). Also, a bit of a Judas swing down, but not really the type of swing down Id call a Judas, not rapid enough.

Also check out Rods post about the divergence between bonds and USDX.

Richard waiting for the same - Hoping this move rebounds at pivot 1.35590 for OTE long at 1.34880

it’s all cool that you guys cought that move, but to be honest, i think the entry was “lucky”. i know of all the confluences that were there, but price has been on such a down trend and your longs were in my eyes completely counter trend. you didn’t even wait for a break on the m5 level for bullish market flow. in the long term, these setups won’t be profitable for you. don’t get me wrong, im happy for you. but just be cautious patting each other on the back, thinking “wow, perfect setup”, because ex-ante it wasn’t.

just my opinion.

Arrhh, I have been sitting and watching price for the last 3 hours, but have missed that USDX/Fiber SMT Divergence right before the 70pip push up!

Well, still hoping for a OTE/retracement into NYO :slight_smile:

Congrats on that catch!

Perfect setup? No such thing, it could have equally gone down another 20 pips and tagged me out and then rallied, thats the risk we take. I was watching the 1.3480 level, if I dont stick to entries around my own analysis then how do I learn or improve my own entries?

I can appreciate what you’re saying though…

“Qui audet adipiscitur”

nothing against sticking to your own analysis, not at all, quite the contrary! that is the best you can do. i’m detaching myself more and more from what is written in this thread, not letting my own analysis be influenced by other peoples opionions.

ya, sorry for the term “perfect”. let’s just say it was a higher than neccessary risk setup. take that as my opinion which you might consider or not (well, i just said do your own thing, so f**k what i say :D)

btw: i was sticking to bullish mf and thus am cable long from 1.5730. cable did not break low after low yesterday

See the gbp buying at present - how do I know? -compare eur/gbp and cable

Have a look USDx daily chart and these rectangles are OTE zone draw several days ago.Try to simple the puzzle…!!! You can’t miss it.


also stoch divergence on h4 and daily :wink: (huge grail)

just took this screenshot, there was a lot of confluences for the price to rice when it did(I know it is a 5min chart), but HTF key s/r levels, OTE from the last weeks range, bullish market structure on Fiber, bearish on USDX,

and Stoch divergence on both USDX and Fiber!

Note to self, start looking at USDX,Fiber and Stochastics when waiting for entry signal!

EUR-GBP is great for trade selection, and usd-jpy can be useful in quite the same way if trading the yen pairs. For example, to decide between fiber and eur-jpy when expecting a move in the euro.

edit:
fiber swing - 85 pips, eur/jpy swing - 187 pips
cable swing - 75 pips, gbp/jpy swing - 190 pips

with usd-jpy moving long