and your right, i do exactly that after big gain days to protect profits or i just stay out. market got a way of getting them gains back.
Long time no see elephant!!!^^
Yeah well I realized that without a proper understanding of directional bias, pattern trading is worthless. IMO. I still learned a lot and have read through two of scott carneyās books and still consider butterflys, gartleys, fib extension channels, and such but for now I am concentrating on intermarket analysis, really enjoying it
I hope to eventually put these methods togetherā¦ for now I am hanging out with these guys
What about you? lurking around here too? =)
What you said is true. I now realized that trading a couple months ago I had no directional bias in the market and my trades were blind going in. I had no clue why the market did not obey retracement rules and now from ICTās teachings I understand why. I havenāt entirely given up on harmonics yet as I trade gartley and butterflys religiously. However, the only thing I take from ICTās teaching is market flow and OTE.
I have been following ICT since last summer. Going through his material and taking notes. Now that he is gone, I feel like my journey just began.
I donāt lurk. I saw your name and click the thread because you were one of my harmonics buddies in ā30 pips a dayā thread. My main emphasis is now the elliot wave. It all seems to make sense now that I have gone through the harmonics and ICTās thread.
Good luck with your journey! Andā¦ share some success with me ;]
H1
Sometimes H4, for trend, and less often M15, as it is noisy
Just got my workshop training video access(for the Chris Lori workshop in may)(study material for the workshop so you dont go in blind. pre workshop stuff). So it took 3 business days to flip my accountās status. Kind of lengthy in my opinion.
WOW! you guys think ICT has videoās lol. There is a ton of stuff i dont know if i can do all this in 3 months. Iām seeing a huge similarity :S. Alot of it is very specific tho not a 20 min video on support and resistance. Chris breaks it down more. Thereās 13 videos on support and resistance totaling 2 hours and 40 minutes.
Yes the entire 12 cd set is very in depth. Combining his perception with ICTās (and some other people on this forum) in conjunction with some experience and screen time, I think alot of us will be unstoppable!
Hey all,
Iām anticipating a retracement to OTE @ about 1.3390 prior to a big move up at NYO (high impact news from US). Also seeing a retracement of USDX to 80.05~ which appears to be a strong area of resistance to compliment the move.
What do you guys think of this analysis? Am I on the right track?
Yeah, that sounds good! The most important thing is to follow your own analysis, maybe get some help here and there ofcourse, Im guessing it wery well might reach down thereā¦ Im going in at 1.3436(buy limit), because I expect a bullish day, and there har stops lurking rigth at that level(I think). my SL is currently a few pips over the NYO Session, so with a deep retracement I might be taken outā¦
Good luck!
you are going to the workshop? itās expensive, right? $2495
I thought we talked about this lol. Iāve already paid. And a refund still charges $700. So o well maybe ill get something.
lol i thought you were mastergunner99. dang avatar. yes Iām going and yest $2495.
euro GDP tomorrow expectations are bad the bar hasnt been set very high a slightly better num could push fiber up to 1.3560ish???(if we can hold 1.3440) will appreciate all advice thx
Back in again Long this morning on the AR high retest. Initial swing high didnt blow the stops above yesterdays high, so not a Judas in my opinion. We are at the next level of HTF resistance (1.3480, first TP), I want to see a convincing move though before Iāll think about keeping this Long.
First TP off already @ 1.3480.
Im not overly confident weāll see a big push up, but ultimately targetting the big figure.
show one, show all!
IĀ“m Long GBPUSD, again looking at the OTE on EURGBP, as well as USDX headed downwards
:X
Long GBPUSD @ 1.56523, s/l 30pips, t/p1 50% 30pips
OKKKKK
I will now use the turn off the computer, take a shower, make breakfast, donāt look at it tactic. heheh.
That was a very huge bear moveā¦
I hope you trailed that stop, very fast +30! Brutal slide, yet again. Iād very reluctant to get Long on the Cable these days.
Closed out remainder of my Fiber Long around +35pips, higher highs on the Fiber, higher lows on the USDXā¦ Possible drop coming on the Fiberā¦
I certainly hope so johnnycab. Cancelled my last order (market went up too far to retrace on original OTE) and went short at 1.3490. Only trading at 60% of my usual size with TP @ 1.3457
Nice reflection short around that 1.3490, lets see if it has the legsā¦
I moved my buy limit this morning(missed it by 3pips ) to the high of the AR(Also happend t obe OTE of the current move up), after it took of in London, and it got missed again by 4pips on the āalmost AR retestā Iām guessing with the divergence in USDX that we will see a retest in NYO, so Iām crossing my fingers for thenā¦ anyway, likley scenario is no entry, and that would be BE.
GLGT
Seems that you missed those OTE entries - same as I. Used your Script, maybe jinxed it LOL.
Made nearly 100 pips, Fiber, on Monday and Tuesday, so probably best that I sit it today out.
Somewhat glad that I very rarely trade the Cable. These big moves, in the āwrong directionā, demonstrate once again the value of the old standard initial stop, be it 30 pips, 25 or whateverā¦ Just be prepared to lose that even if correct in your analysis. It is another reason to take off at least a half TP1 of about 30pips.
Looks as though SMT Fiber/Cable Correlated Pair Divergence is now but a distant memory, at least until the dust settles. Wonder what will then transpire!