Look at you! Turning into a fundamental trader over there… 
I am trying to balanced out the Technical, Fundamental, and Psychological. I think these are the key to be consist and profitable trader. Ignoring one or two will likely missed out some good opportunity and or rather fail as a trader. It is base on personal preference I guess…
Yes, Mr. Grey, I have had good results trading fundamental (so far)…but not as good as you do Thanks!
But there’s no fibs in fundamentals and the chicken can’t cross the road with them. And the moon, on a stick. Where is the moon?
Stringing some more random words together in english that is utterly broken, belie intelligence quotient order flow double top. Gold gold gold! Threaten everyone! Snowing.
Oh you still here?! Thought you already “admitted” somewhere…You must be bored.
Yep, pretty bored. Not trading because of technicals this week and my mojo deserting me.
I think your approach is correct, to have the triad. When you have those 3 under control, then you will move onto the meta-game and really nail the market with each trade. Best of luck.
I figure you are bored…
I’ll take that as a compliment. Thanks!
I am waiting to see how the market reacts to the weekly levels I highlighted previously. The euro has just bounced off the key level today, 1.2930 and the GBP is trying to penetrate its one, 1.4890. Patience is a virtue.
There’s a bunch of chart patterns we could get into to, however ICT doesn’t talk about them at all. He did say he does pay attention to them, at least if one of his early videos still holds water, anyway, if you’re interested the patterns I’ve watched over the last few weeks are:
EUR daily: Channel up broken, descending triangle starting to break on daily for euro (Both bearish).
GBP daily: Failed bull flag, 3 point extension completed (Both bearish).
Over the coming weeks my hunch is the EUR will break below the key level and then put a strong fight on to climb above and push for 1.3650 over the coming weeks. The GBP will put a fight on and climb for 1.5240. But, if these key levels don’t have any strength then of course we are in for a nice slide. Hence my caution. Key levels key levels key levels!
As for fundamentals, I am awaiting the services PMI to be released for the GBP, as services account for about 70% of the UK’s GDP. The euro is just a mess.
Hi All,
I have been lurking along with a few posts and questions a hundered pages back or so.
Here is a COT question. I have an excell sheet that graphs the COT data. It can be found here commitment of traders xls glyn - Google Search
It is not my my sheet just to let you know. Every week you down load the CFTC data from the CFTC site and the spread sheet up dates. Commitments of Traders - CFTC
The spreadsheet creator says to use the futures only data, but Barchart is using futures and options. Depending on what file I use it changes the graph a lot.
Does anyone have a sugestion to which CFTC data should be used? Futures only or futures and options?
I seem to recall ICT made mention of it in his video, but I haven’t checked back to see which vid it is. Does Larry Williams make mention in his book? I read most of his book a few months back, but when I try and jam so much new info into my head it all gets a bit jumbled.
Anyways have a look at the chart and look for the left most tab at the bottom it has all the instuctions to get the chart going.
may I wine around for a second?
damn oanda stopped me out twice today while on 2 other feeds both of my trades would have survived (and netted nice returns) very annoying… I am taking it personal for a few minutes…
I start thinking that Oanda is actively hunting MY stops because I am sure they really need the 20 bucks they just stolen from me today…
wine wine cry cry!
I am upset though! (will last for a few minutes… and I had to abuse this thread to help me letting off steam;))
cheers
Yah, I’m pretty sure Oanda wants your 20 bucks so bad. They needed to treat their “admin” staff for lunch by executing your stop losses…
Lol… feeling better?
absolutely! they like to take their breaks at nice coffeshops… at least I know my 20 bucks turned into espresso and some pie, rather than just sitting and accumulating on my account…
Most analysis uses the combined report.
See Stephen Briese on this subject, he sees no value in seperating the two since their combination in 1995., his entire book uses only the combined. (page 8)
He states that although there is a difference in scale the proportions are similar and that there now being plenty of historical data there is no sense in seperating the two.
See page 15 of Williams book under oi. where he informs how oi is derived from the options and how a combined fig is arrived at.
Thanks for the leads Peterma. I will reread Larry when I get some time off in a week or so.
Special delivery for Thrax:
I guess you know what will happen if you break 1 leg right?..
I’m sure it’s because I never saw the video but how you guys know where stops are and stop hunting is flapping amazing
Aussie is killing today! 71.5 added jobs vs. 9.5K expected? Amazing…
Hey guys sorry to take this off topic but I started studying babypips a few months ago and I began following ICT’s $5,000 to $1,000,000 thread, and I haven’t checked it for a while now because I have been busy with finals for school. But had anyone heard any word from whats going on with that it seems to be locked now…?
On a sidenote I’m really excited to learn this market. Everything about trading forex seems very interesting and everyone seems very helpful!!
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No-one on the night shift then.
Stop picking bottoms
Yes that’s good advice, that why I snipped it up. It wasn’t contributing anything long term to the thread and I’m done milking the Asia session for the day, I was just trying to generate some discussion to pass some time and bounce ideas around. There are more appropriate mediums for that, like the chat room.