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

10,3,3 see PTC video at 29.40 mins for details on ‘ICT grail’ i.e. stochastic divergences.

Sorry - video date is 07/15/12

Just watching the USDX sitting on the 81.00 level. There is also a small bullish divergence on the 15 min charts between the EURUSD and GBPUSD. Could we see a retracement and a short bounce higher in the EUR and GBP for the week before going lower?

The USDX line is in black, so you got Black on Black :wink:

Lol I have dropped so many indicators for that reason thinking they dont work but the line was just in black

I took it as 10,3,3 that he uses…with the levels for overbought & oversold at 70,30

[B]AUD/USD Trade[/B]

I can’t get my mind off of this Aussie trade for some reason but just wanted to maybe get something cleared up…

My first trade at 0475 might have been aggressive within Daily OTE…

We then broke down and I was waiting for another OTE which on Friday gave us a good entry at 0430 (Weekly 62% Level)…

Today we ran up into OTE from last weeks high to low made on Friday. We took out stops above Fridays high, so we should have been anticipating a move lower from this point, around 0435. This you can see from my Hourly Chart.

Now we would move down to a 5 Minute Chart to watch for a break in Market Structure (Marked with Blue Line)??? On my 5 Min Chart you can see we broke a nice low and pulled back into OTE at the 0432 Sweet Spot converging with…

Previous Days High
OTE within a OTE within a OTE
R1 Daily Pivot
Key Resistance level

So far 30 pips profit on this trade today.

We have broken down another nice level on the 15M Chart which we could expect another OTE to form?

Is this how we should go about it, do nothing until we see Market Structure break on any timeframe? To me using this MarketStructure indicator it seems like only LongTerm highs and lows make the difference. All other swings seem to give a lot of false breaks?

If this is correct then how should I have gone about getting an entry Last Wednesday? Once Market Structure broke it just ran away…Should we take the trade because of turtle soup off of previous high?

I’m trying to determine the best possible Entry for change of direction. But it seems like every single trade is completely different???

[B]Hourly Chart[/B]

[B]5 Minute Chart[/B]

With all that being said I do have Short entries at 0475 and a couple at 0430 running…

I know this has been asked and answered, but looking back in the feed I just cannot find it. Can someone tell me who ICT uses for his USDX charting…or if not ICT’s can you recommend one? Thanks.

From memory ICT uses Forex.Ltd for USDX

I would like to see 200% Extension off the Daily Swing, putting it at 0.9820…

Honestly, I need work on this, 1.0380 if we get there I will take 50% off…

It’s still very unclear to me when to hold for long term, when to just day trade, etc…This is where I get burned most besides making bad entries…

I WILL hold a position for this objective…stay tuned to see what happens…

Perfect, thanks Rod.

Looking (guessing) for a Z Day. Supposing that there will be a desire to shake out most stops before again taking lower.

Short at 12880, if it gets there. Only 195 pips to go :51:

EDIT: May take a a few days - maybe by Friday. Other potential shorts, although tight stops required, 12820 and 12780.

May later also look at a long OTE entry as per ICTs latest PTC video

[B]AUD/USD[/B]
Took a sneaky short scalp @ 1.0432 after the close of the London session with a very small stop “now at BE” so far closed half at +25 pips just as the London opened & will let the rest run - although I feel price may move back up and take out the cluster of stops at 1.0444 - but I will stay with the remaining portion just in case it does not.

[B]5 Minute Chart[/B]

This will be interesting to watch… :wink:

I took that same short, going to start looking into buying it if that market maker profile actually plays out…

Fiber Long

I took this Fiber long slightly outside the London Kill Zone just after a News release - Targeting 1.2735 my entry is way above the OTE due to slippage on my behalf as I fumbled with the mouse. Stop at B/E

[B]Fiber 5 minute[/B]

I am short cable and fiber…will see what happens…

Closed my remaining 50% short from yesterday @ 1.2680 (stop limit hit overnight). Reentered short @ 1.2690 (5M OTE + daily S1). 50% off at 20 pips…

As Rod mentioned, looks to be a Z day on the Fiber…

yikes :smiley: !!

out @ BE LOL