zero sum game 
not quite, you still have to pay the broker!
haha indeed!
So the retail traders have stops at 1.32, institutions went slightly above it and stopped them out, then pushed price down? Btw on my feed it shows about 1.31216
I was actually hoping for a short from 1.3150 but I have to go to bed now (its 2:30am here). Nevertheless thats a great trade and a great fill. I would not have seen that AT ALL I don’t know how you picked that up!!
Look at the 15M chart, the series of “controlled” higher highs (see peterma’s post about this) forming around 20:00 GMT yesterday. A rather nice place to put your SL after yesterdays big slide to protect those profits. My feed peaked at 1.31239 on the 20:00 GMT candle, it only peaked at 1.31236 on todays 15:00. So, I would have thought a nice run up to that level, maybe 1.3130 to clear them out, and then down we go again.
Bearish MS too, so looking for shorting opportunities. Dont forget, it costs money to send price all the way back up to those levels (1.3150 etc…), after big drops, I try to re-align my expectations with what is more likely to happen, a big push up into a HTF OTE zone, or a stop raid on a nice level created yesterday for SL placement…
Having said that, we may see those levels again near the end of the week! Stay flexible!
looking for it to go back down to .9100-.9000
[B]02-25-2013 Weeks Open Positions[/B]
[B]Cable & Fiber Trades[/B]
[B]Aussie & Kiwi Trades[/B]
I am still a little slow on knowing when to take profits…Hopefully ICT can add this to his Video Reviews on potential profit objectives…:13:
ICT did a extensive profit objectives via fib extensions tutorial. Which one of his many tut’s well not sure but it was in one of the first packages released the last time ICT deleted all his YT videos. I vaguely remember him also teaching how to use the trinity with fib extensions for this same purpose so check within the trinity video’s first if you were one of the prepared who downloaded the multiple gigabite torrent. (I saved it to an external hard drive just in case of such an event would happen again which it unfortunately did) Definitely worth sorting through the old material it was an unusually long video 1 1/2 or more hrs maybe it was a live stream can’t remember much more than that.
Edit:
Ps. Impressive results btw keep up the good trading and you’ll be the first babypiper to make it to 1 mill :35:
Well done PH!
ICT did talk a lot more about how to target for profit after his last TPDS video, and also in the MR video on Feb25 - Wolfe Wave.
Thanks I will check those videos out…
good to see you back PH
and congratulations on your trades.
looks like you managed to grow your account quite substantially over the past few months, 70000 units at play, keep those nice trades coming mate!
cheers
So i have been trying to monitor the American t-note overlay charts from Bloomberg. It seems like they are inversely related to the dollar index. Ever since the 13th they have been falling pretty steady. Yet the usdx is rising. So my question is… do my eyes deceive me? lol I was under the impression that usdx was positively correlated to the yields. Just eye balling the chart they seem to be inversely correlated… what the heck am i doing?
as far as I know:
t-notes (price) are inveresly related to the bond YIELDS.
so thats probably what threw you off;)
Piphanger are you a female?
aiming for stops above 31200 fiber again 20 pip profit locked. stop @ BE
Did you get back in again this morning or are you still holding from yesterday?
I liked the look of getting in Long @ AR high retest (only valid entry I could see this morning, also correlates to the equilibrium from yesterdays consolidation…), but I didnt trade it (1.3075 or so). I think we will see those stops taken today, very clean levels around that 1.3120 level…
johnny from your mouth to gods ear i hope
whipsaw out that first position…this mourning i took the long straight out the asian box on a gap down
USDX should be positively correlated with yields,
I.R. go up, so USD becomes more attractive to investors,
If the Gov wants to encourange investment, aka a risk on environment they try to lower i.r. so that money goes into other investments, thus USD falls.
Bond Prices: check this out: 4h MS is about to turn bullish (or has) although Daily&weekly MS still bearish, Right now I’m waiting to confirm that there has indeed been a reversal in short term market structure (BOND PRICES BULLISH MEANS FALLING BOND YIELDS, thus FALLING USD) Maybe if Bond Prices show a continuation upward we can use that to expect USDX to fall thus increasing foreign currencies
