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

If you have yet to enter who cares (hopes) whether the next move is up or down. Hope will just distort the mind.

some weird action today. looking for a breakout on fiber of the consolidation range. could see a stophunt first though.

edit: oscillating around 1.3530, larger option expiry ny cut today. price might stay there until then

Daily and H4 there may be an OTE Long at 13500
Obviously I would want a lot more than a simple 70.5 Fib to enter.

Iā€™m long from this morning @1.3520

Is there a site listing these options expiries?

Hey Guys!
Iā€™m back in the game today, this is my second attempt to go long on the Fiber, I closed the first as price action was wallowing at the Asian low 1.35300, got a few pips.
New order is a buy limit @ 1.35009 which is the OTE sweet spot & Yesterdays low as Iā€™m looking at the stops been taken out.
So recap;
OTE
Old low
Street money is net short
Looking for a retrace on the USDX

Last week was crap for me so lets see what happens this week :slight_smile:
TWYS!

Isnt the NY Cut at 15:00 GMT? Gues it will be slow until thenā€¦

Iā€™m short fiber at 1.3535.

I am only looking for another short term trade around 30-50 pips. Price is getting ready for central bank tomorrow (I think).

seems like it, looks like a Z-NYO-sessionā€¦

Hey green as grass, did it just hit your OTE?

I got back from a meetup with some traders about 30 mins ago. They gave me such a hard time lol. One of them is a stock broker and he said there are countless number of people who try to make it in this market and fail every time. He stressed you need to have equity of at least $100k in order to be profitable and that returns of 30% is amazing. He was a total let down.

Signals point toward the Fiber going much lower
No Long for me.

Missed it by 1 pipā€¦ :19:

2 pips actually, the price did touch my buy limit but had to go 2 pips below it to account for the spread.

Donā€™t you think it might do a retest the previous low of 1.3470/60? Iā€™d like to think so :slight_smile: But as always, there is no guarantee.

Suspect that you will get another chance. not long to wait. uggh!!

Itā€™s hard to know, I try and not read too much into the charts as I tend to come up with all sorts of scenarios.
[B]T[/B]rade [B]W[/B]hat [B]Y[/B]ou [B]S[/B]ee ([B]TWYS[/B]) has worked best for me up to now. The more confluence on the technical analysis the better :slight_smile:

The very first trader I met told me the same things, He lost several million dollars & has just gone to prisonā€¦
I prefer a $1000.00 account :wink:

I agreeā€¦ I am just thinking about the ā€œwhat ifā€ scenario then visualize where the price is going :). It just hard to stare at this chart all the time.

Though, 4 hr and Daily chart is not yet oversoldā€¦ so there is good chance.

Yes, I was a bit weary about getting in Long this moring after that big drop, at first I thought it was the usual quick sell off into rapid buying for new highs, but once we move down 60 or so pips from the AR, I had my doubts about the Long.

Weā€™ve literaly just taken out the stops around the big figure (old low: 1.35025, new low: 1.35022 on my feed). I wouldnt be at all surprised if we ran up to the AR againā€¦ (if weā€™re coming back for the stops, theyā€™ll make it worth their whileā€¦)

If we do run lower, Iā€™d probably be interested in buying around the 1.3480 levelā€¦

How dare you! :smiley:

Looks like you were right :wink:
Formed a reflection pattern as well so lets see what eventuates hereā€¦