I believe a stinger to be a Type 2 trend following div + a Type 1 Div at an OTE at a SR… (please correct me if this is wrong)
turned out that the market had something else in mind… happy I stayed out. (however it remains to be a possible stinger i believe…)
M15 cable
Ill check back at NYO… maybe it will provide something so clear that even I manage to get in;)
I had to wait a little bit longer for the zone, but a nice trade in LO. Did you see the bounce of this zone.
20 pips in a few seconds, well worth the wait 
Thanks Fred - Reason I didnt see it is that my Stoch doesnt give me the same pattern as yours - difference in platform I guess.
[QUOTE=FredFresh;420492]I believe a stinger to be a Type 2 trend following div + a Type 1 Div at an OTE at a SR… (please correct me if this is wrong)
You are correct - ICT shows us the Stinger on a 4 hr at 21 mins - he calls it the ‘Mac Daddy’ (good name).
Inner Circle Trader’s Market Review 07/26/12 - YouTube
Also mentions it at 9 mins on one hr: Inner Circle Trader’s Market Review 03/26/12 - YouTube
Risky trading on the GBPUSD guys, but it illustrates how you can use the StochRSI divergence, you can see in this image, that the pound - the red line, has clearly spiked away from the mean, the USDX in black barely moves, clear signs of divergence.
while waiting for dinner and NYO I took some time and checked out the aussie - for the first time ever!
And one question popped to mind, and I hope some aussie traders could help me out…
at first glance it seems that the AUDUSD tends to have quite large asian ranges? If I use the same Asian Range indicator and the same settings (0:00-5:00) the AR seems on average larger than with cable/fiber (my standard pairs)
Is this a fact? Or do I need to change settings or something?
I am tempted to start looking at aussie as well… but not full time as I do fiber and cable - until I am better in what Im doing;) I just set price alerts for 1.03 and 1.0260, and once I get notified I plan to open up the charts and watch what happens at those levels…
are there any strange characteristics of the aussie in comparison to fiber/cable?
cheers
Long on Fiber at OTE from london open. 23 pips left on the ADR. I will definitely be closing some out early and taking partial soon.
Great for everyone who made money in this weird choppy week.
on which timeframe did you get the ote to enter mate?
I’m on a 15.
Bottom of london at 1.2742, top of range at 1.2773, OTE zone is 1.2754-1.2749. My chart went to 1.7552, I was in at 1.2756 and already took half off at 1.2765. Counter trend freaks me out.
This wasn’t that far off , Only one thing missing from the Chart, the all important BIG FIGURE number at 1.2700, then it becomes much clearer.
Wow that puts us right at our target of 1.2820. Very cool.
Oops, zoomed in on the browser you’re at the 1.2780. Still cool LOL.
Yeah, not an easy week (if you missed the long on Tuesday, like I did :))
Entered long Fiber on the retest of the Asian high (just outside the LO killzone), not sure it was the best idea, but 80% off at the daily R1, lets see how the rest plays out…
Aye, especially from a rough diagram.
I wonder if I can make an MT4 tool for it?.. Now that would be cool.
I got it a the wrong place and got stopped out. OUCH! I will spend the rest of the week engaging in revenge trades. That will show the market who’s big trader man!
This week to me shows how powerful what ICT has been showing is. Weird, choppy, countertrend week but…
We had expected up bias based on USDX - not SMT or COT or 1 million indicators. Old fashioned S/R on the USDX. We saw the T-REX sneak into the pool on Tuesday as confirmation. All the targets we’ve been calling all week. 20’s and 80’s. We’re still getting in at OTE off London open. I just got stopped out but I was in profit and took some off already! Un-freaken-believable.
ICT where have you been all my trading life?
Stopped out @ BE, 1.2757, watch it rocket now 
Depending on how NYO goes, Im probably done for the week… Weekly target more than hit and thats the main thing!
From the week’s bottom where London was calling the shots to the top of London’s Tuesday range, where London was calling the shots we hit the OTP at 161 ext at 1.2770 +10 to give us the institutional level. No days did we close above the weekly pivot point, a good sign of down trend continuation, even though we swung pretty far above it yesterday. We’re consolidating right now for either an up or a down. Which way? This is probably where SMT works best or some magic oscillators. We’re in OTE of NY high yesterday and we’ve hit a couple targets…
PPF where is your parachute guy? 1.2620 here I coooommmme!
