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

Ahh, I just saw your arrow(in the middle of the red rectangle?) But isnt that a STH? meaning market flow us up and not market structure?

(My interpretation is that Market Structure breaks when a ITH/ITL breaks, and Market Flow is when STH/STL breaks?)
(Im just double checking that I got my facts down, and hasnt confused anything :stuck_out_tongue: )

Looks like Euro usd my be looking for a leg down to the .3100 level.

Target that i will be hunting

.5400 level for gbp looks interesting.

Great call ride the trend.

I think Cable will hit that level before Fiber, look at it go :smiley:

Rod good thing you convinced me out of this trade. For now I will try and write down every day Daily & 4h MS

SOOO
For example, I could note:
EURUSD Daily MS is bullish until we drop below 1.3280
GBPUSD Daily MS is bearish until we pass 1.565
?? What levels would you use??

I need to watch the TPDS about MS i wonder which it is, I downloaded all of them but number 6, I don’t suppose that’s the one?

Here’s your guide. Enjoy!

http://forums.babypips.com/newbie-island/49172-glossary-ict-terms-abbreviations.html#post428121

Yeh, that would have cleaned out the street money, too bad there wasn’t a valid entry point… Strangely Myfxbook says 82% long, while Oanda have reduced their open longs to 65.5% I wonder if it will take out the low for last July :33:

yes sir…look at her run…shes been wanting to do that all week now…first tp 133900

They’re still selling the Pound & buying the Euro…
Interesting that the Dow Jones USDX closed the Sunday gap today & is bouncing off the Daily S2 pivot. Will it head off north now the gap is closed & post new highs?

50% off now move stop to BE +10 pips…looking for 134100 next possibly 134500 for possible short…Its pays to be patient and follow your own analysis… did you hold your long from 33250??

possible for the usdx to retrace back to the 80.70 forming OTE and right shoulder of head shoulder pattern on 4hr ,possibly breaking lower on a rising wedge on the daily, but what do i know anything could happen

No, closed that initial trade entirely @ 1.3370, then stopped out @ BE on the additional portion I added @ 1.3346 (after +20 TP @ 50%). More work required on the patience aspect :wink:

But its good that we’ve peaked higher. So far, so good. As you say, 1.3460 or so upside objectives…

I don’t have access to a good standard USDX chart unfortunately as FXCM only provide their Dow Jones version which has a different currency weighting.

If the Cable does make July’s low @ 1.53927 which is 40 pips away, then we will have an H4 reflection pattern to go long, which is a counter trend trade admittedly. I’d want more confluence with other tools of course.

Nice work Johnnycab and Jaynise. I was stopped out at BE on my LO long. Wish I would have slept through the night and not had a chance to move my stop to BE. The 1.3450 level will be the ORO pattern, using the 61.8 level on the reflection, as well as a MM sell profile

do you not have access to Forex LTD demo? You can also use the Netdania chart on the dailyfx website

I take it you were asking me? I’m using timing charts, gave up on barcharts.com & don’t want yet another mt4 platform on my PC. Is Forex LTD an unlimited demo?

yes, I was, must have hit the wrong reply button. Forex LTD is an unlimited demo account. I also use their platform for EURX (euro index), as well as the equities charts. It’s quite a useful platform. I’ll give credit to Prochargedmopar for bringing the EURX to my attention. Having the USDX and EURX next to one another on the screen is great for spotting divergences.

Hummm sounds tempting, thks :slight_smile:

Looks like the Fiber/Cable correlation is out the window again :frowning: