yea will do. full review on as much as i can disclose and as honest as it’ll get :D.
Friday scalp, short @ 1.3242. (OTE, still bearish, but 1H broke bullish, so maybe a retracement to get Long?)
First TP is AR high…, then stops to BE
I think we’re probably going higher today, but I’ll take what I can get…
Id like to see a retracement into the OTE Long zone… but its Friday, so I probably wont take that trade should it happen…
EDIT: Long from AR high may be a reasonable setup too…
Nice entry!
I was eying the same trade, had a sell limit set closer to the 79% as normally I get in too early. Needless to say it left without me. & like you say, I wouldn’t be surprised if it retraced from the Long OTE… & likewise, Friday… so looks like no trades for me today too 
Awesome cheers bro, I’m thinking of going to the one in sydney. But will await your review. 
I saw that move too, but after the fact. I think we will be seeing a huge move soon, but its right in the middle of OTE zones for long/short at the moment, so im staying out.
And I’m out @ 1.3180. 1.3150 may have been a better exit, but I didnt want to risk it on the Friday…
Thats me for the week!
Nice, must have got yourself 60 pips there
M5 had a nice head & shoulders there which fulfilled almost to the pip.
I missed again, was not at the charts lol!
Yep, exactly 60 (1.3182), to cover the spread, should we only touch the 1.3180
Typically we ran right though it
jonnycab you are so good man… haha
Just take your time, it will come
Look at Richard87 this week. One trade, nailed 130+ pips, thats him out for the week. This is exactly how I started off to build confidence. One or two trades a week, targeting 30 pips. Thats it. Once you get in sync with the market, the low, but consistant returns keep adding up.
I spent the first 2-3 months at the start doing that (1 or 2 trades a week @ 30 pips), the practice makes all the difference, you start to notice more entry points and potential setups unfolding intraweek. Take it slowly…
Truely inspiring. I am on my journey towards consistency too. I’ll share what happens in the next 2-3 months doing only 1-2 trades a week.
You’re doing a cracking job Jonny, keep up the good work
You’re right! I only did two trades this week which is the least I’ve done yet I think it’s been my most profitable.
Practice makes it perfect guys, so stop fooling around and start practicing + learning, you will be surprised how quickly you will start to grasp Michaels concepts and then realise how simple they are 
I forget who said it, but someone said that he noticed that most of the movement happens during the first half of the month.
I’ve been playing around with ATR, Average True Range,
EURUSD:
AVG Monthly Range for the past 14 months has been 528 Pips, this month (FEBRUARY 2013) we are sitting at 554 pips, ABOVE the average monthly range. You can play around with how many periods you use and get a reading between 500 and 600 pips per month, but this means that although we are only on the 22nd of the month, we have fulfilled almost 95% of the monthly range.
I understand that there has been a lot of movement this month due to the BOE and FED Minutes, but we must consider that we may be set up for a pullback for the rest of the month. (CHECK OUT ICT’s HOW TO CATCH EXPLOSIVE PROFITS IN FOREX VIDEO)
GBPUSD:
This month we have moved 747 Pips!!!
On average, over the past 14 months GBPUSD has moved 495 pips,
Of course, like I said, news has been quite a factor this month, probably has to do with the large range we’ve experienced.
In effect, my question is,[B] Do you consider Average Monthly Range as a factor when you trade? How about average weekly range? [/B] I think it may be, and on both pairs we could be set up for a pullback or a consolidation until next month.
^^
skratch
here is how I’ve calculated ATR in case anyone has difficulty.
Hello Jonny,
How and where do i start? i have been reading and implementing but no success. hope you don’t get pissed my questions. Is this business really profitable cos is looking really frustrating. Please help!!!
Have you watched any of ICT’s videos? If not, start there. Iyajenkei was kind enough to upload them here:
start from the very beginning and take your time. Start with identifying S/R levels and watch how price reacts
[Download link removed due to copyright infringement request by copyright owner]
As lazydogs stated, start off with the basics of support and resistance and build on that. Expand into looking at the Fibonacci levels and the price action around them between large obvious ranges at first (1H, 4H, Daily). Then start looking at market structure (difficult subject, but very worthwhile learning).
Frustration is part of it, and almost a necessity. It will help you to progress as a trader (self-control, patience, etc…)
And when you heed what Mr.Cab says combined with long term carry trades you’ll see stuff like this
imgur: the simple image sharer
Yes 26% holding on to another 20%.
I am shooting for this to grow up to 60%, (40% to go) in the next 2 months or so but this is almost a month of two carry trades and about 1-3 intraday/week trades
well done Tansen! Would you mind elaborating on the process you used to enter this trade?