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

haha, as peterma said, the big guys like a bargain, plenty of orders up there in no mans land :slight_smile:

Short, looking to scalp and leave some on. Seems I went a candle early. I wonā€™t give it much more slack.

Update 1 09:36 GMT: Dropping SL to tighten jail Iā€™m in. Not collapsing the order at BE.

Update 2 09:51 GMT: Nothing more I can do with the trade except monitor it. TP levels and stops finalized. Final Objective 170 pips.

Update 3 10:16 GMT: Forgot to mention Iā€™d given up on scalp as I jumped on the wrong candle, so converted it into a standard trade, meaning higher TP levels. Figured may as well make it worth the risk and jail time.

Update 4 10:45 GMT: Taking some profits.

Update 5 11:14 GMT: Adjusting levels, lowering expectations.

Update 6 11:43 GMT: Hoping hourly is an adandoned baby candlestick formation. Bearish.

Update 7 13:39 GMT: Expectations back at original levels. Loosening trade up. Clearing TP off and chasing TP2 @ 170 pips.

Update 8 16:11 GMT: Trade stopped out. The remainder wasnā€™t meant to be.

Iā€™m not really doing anything now, is anyone around? Any comments on the T-Bonds/Notes or 3 sisters? Or any other indicators of USD health?

5 and 10 year T-Notes look to be in order, following the same pattern as the USDX, no obvious divergence at present.

Iā€™m pretty much done for the day I think. Iā€™ll see what NYO brings, but decent enough run up this morningā€¦

Always around - no place else Id rather be - far too interesting at the mo :). Re what Iā€™m up to - shorted cable intending to hold till Budget (unless get a big dip prior)- rationale - the run up has been a short squeeze, nothing has changed re UK and more downside to come - weā€™ll see. Re USDx suspect all eyes on Weds Fomc. Re EU was short from Friday but hedged it with a long also late Friday so waiting outcome of Cyprus parliament vote (which Iā€™ve just heard might be tomorrow now) re which one to close out. Dont really know what the outcome will be for Fibre - much chatter on the blogosphere on possible scenarios but the only thing I take is that there will be a degree more nervousness about bail outs in the future regardless of whether Cyprus is a one off due to its Russian tax haven status and massively unbalanced banking sector.


This is what iā€™m seeing on the 15 min USDX. Move down was result of a bounce at retracement 70.5% OTE. Currently going up, may continue or it may reverse for another down leg until somewhere around 82.53 levelā€¦

First resistance to gap closure was the 38 fib on friā€™s high, 38 fib often provides a stall after a big move (learned that one on oil of all things)

Iā€™ve also seen strong trends, resume at the 38 fib. I am sailing with the wind I feel, at least until the low of today. Hopefully.

Confirmation that USDX is in bearish MS would be a drop below 82.00 right?

Iā€™m also watching USDCHF for weakness in the US Dollar as a leading indicator for being bearish in EURUSD.

;X Until this happens Iā€™m still bullish on the dollar.

Seems reasonable to me Skratch

Check this out: everything thats drawn on the chart I put up yesterday, check that symmetrie!

The upper blue line was the last ITH that was broken and put marketstructure bullish,
(All of that happend within a LT OTE Long, and I was waiting for it to retrace down to the small white rectangle before going long).

The bottom blue line was the ITL that if broke, market structure would be bearish.

The stapled blue line was the short term S/R I was looking for to go long

the purple lines are Long term K-S/R levels drawn like 5 weeks ago :slight_smile:

It still amazes me to see how whatever the news, it all plays within the boundaries of marketstructure/SRā€¦

Just need to start figuring out what prize wants to do before it happens instead of afterā€¦

Good Luck guys!

Hello, Please could somebody help referring to icts new site and market reviews I am unable to watch videos as it slows down everything, my internet is usually fast enough to watch videos in general but not these ones maybe its something I need to change or is it something to do with quicktime. I am mostly computer ignorant sorry for change of subject, hope somebody can help appreciate
Regards John

Hi, instead of clicking on the video link and watching the movie online, you could just right click the link(to the video) and select save as, then you can watch it on your computer with whatever app works best:) (I just uploaded it to my phone :wink: )


Its called ā€œLagre kobling somā€¦ā€ (Norwegian edition of chrome, all browsers have something that does this)

Thank you very much Richard, that was fast
John

No worries :slight_smile: it can be boring watching price go up and down all the time :stuck_out_tongue:

I had the same problem using Quicktimeā€¦huge lag between audio and video.For some reason Quicktime was the default viewer for these videos,and I couldnā€™t change itā€¦so I dumped Qtime and my other player VLC Player does it fine.
Hope that helps.

Anyone got on the OTE short in NYO?

Hello!!!

Since you all have been extremely helpful along my learning experience I would like to share with you a new rule that I have been playing around with.

Itā€™s called the [B]Three Session Rule[/B], and Iā€™ve given an example here.

Basically, the rule states: If the first two sessions of the day are in one direction, it is extremely rare for the third session to go the same direction. Therefore, if Asian Session and London Session go up, it is quite probable that the North American Session will either consolidate or drop. (And the contrary)

Keep this in mind when youā€™re trading. ICT has always encouraged us to consider[B] Time and Price Theory[/B], which is characterized by studying volatility and liquidity tendencies at different times of the day.

^^ Also, please tell me what you think and if this has been of use to you. =)

sKratch

Yes, filled @ 1.2958, bounced off that 1.2940 a few times before sliding. Was panicing a bit, took long enough to drop :stuck_out_tongue:

Aiming for 1.2920, then 1.2880

EDIT: TP1 @ 1.2925, it seems unwilling to slide furtherā€¦

Hi mate

You are making a killing at the moment mate, what made you decide your trades today?

Iā€™ve just stood aside today, waiting to get a bit more of a clue of whatā€™s going on.

Cheers

Andrew