2nd order tght stopgbp nzd risking 3 pips of my last trade 18 pips … 3 pip sl
for the question about when to pull the trigger…please watch this video from ICT Optimal Trade Entry - Inner Circle Trader - YouTube
this is a much watch vid…
Thanks so much Dennis i really appreciate it , i hope your feeling better now, yeah i paper traded these 2 trades
This one made about 27 pips
this one got stoped out
I’ve watched all of inner circle traders video’s before, Optimal trade entry is entering at a retrace of fib 61% 79% but with your way of trading its entering on the 1 hr candle SL underneath that candle/ underneath the SMA, so are you thinking of entering again on a retrace?
OK im going to read post #82 again
Dennis do you trade in Asain session if you see an opportunity?
Skuldz was this all on elephant trades? or elephant with squeeze?
Well it seems I was in the right place at the right time… a BSC trade on the AUDCAD…actually it wasn’t confirmed until after I entered because I entered “on” the 20ma instead of waiting for it to close red which is always at a worse price…probably bad I know.
So anyways, out comes the AUD rate announcement and poof…up +30 in seconds…my EA moved stop to BE, closed half the trade. Now it’s up 50+ so I moved stop into +20 profit…so what’s does one do when they hook an elephant?
Decided to set my trailing stop to follow by 20 so I’m up +35 locked in (with a half lot)…sweet
I got stopped out on my second entry, so my 18 pips went to 15 hehe…sucks
some elephants some squeezes
damn it works! LOOOOL
last night i was up
200+ pips
its CRAZY pushing the techniques of oliver and dennis to the limit
but hey i cant break it XD
Well done see 27 pips is perfect and the stop on GB hopefully was 10 pips max? both trades you made were sound judgment,
About entering, You have answered the question! I’ve watched all of inner circle traders video’s before, Optimal trade entry is entering at a retrace of fib 61% 79% but with your way of trading its entering on the 1 hr candle SL underneath that candle/ underneath the SMA, so are you thinking of entering again on a retrace? Yes I am, But when you brake this down to the entry on a actual Candle , prefer to buy a long entry on a bearish red candle. Only time I would go long on a green candle when its still printing green is momentum within our buy zones.
Normally trade london as it is a perfect time zone to bahrain now its 841 morning here UK is 6 42. Asian session is very good particularly on currency that has been volatile during NY last 1 hour before close , ASIA opens and that currency sometimes will trend nicely alnight.
Read more: 301 Moved Permanently
Hay , …Well done, awesom…are we all doing rocking trades now? …Fantastic AUD trade, show me the money hehe…this is what i came to do, and you guys are doing it…remember everyone, TIGHT STOPS
Awesom , thats what we are talking about…awesome trades…NOW remember tight stops, half profit taking split positions…all covered in our thread…good trade managment , milk the hell out of the runners, keep the loosers short and sweet as nothing more then a nat bite.
Skuldz congrats, can you pls post some trade pictures live thanks
Thanks Dennis, On the #82 post about know what market you are in, this is on a daily chart? So do we always use the daily chart to know what market we are in before zooming to 1H. daily chart SMA’s and 1H SMA’s will be different?
[I]An up trend only ends when the 200 sma is in a thumb length of price and there both pointing towards each other. That’s why we use faster ma.s to see the pattern. I call it a sandwiche otheres a wedge or a squeez[/I]
Yes so we would sell on the uptrend because now its pointing down (or flat) towards the 200 below it?
How tight do u make the stops, right on the high/low of that candle of like 1 pip above it
also that reminds me i have not covered trading news yet…hehe Sweet PIP, you already did the conclusion with an actual trade…
C stops tight as posiible, if i can get it down to 3 pips i will. better the entry tighter the stop. sometimes bottom of candle, if i entered on the bottom of the candle…biggest stop on kamakazi bneacause its a big tail.
sometimes stop on sq and blc using SMA as first stop.
when you have time can you post your charts to help everyone learn…well done Mr.
Well it does help speed things up (pip movement wise) lol, however, it could have just as easily gone the other direction…I forgot to check before entering the trade, so I feel like it was just a fluke
Knowing the market, is good for an hour chart for us day traders
channels: from 1 hour and 4 hour
Support : daily . 4 hour 1 hour
fibs normal fibs not my crazy fibs : if theres a clear fib 2 points to draw from 1 hour is good…if no 2 points take from 4 hour.
Crazy Dennis Projection Fibs: 1 hour only, as i never tried them on another time frame, maybe there good on bigger time frames but i never thought about doing it so i really do not know.
actually its not a flucke : …i.e. core cpi really sucked or was good…the traders dont really care, they just go for the side of the market that is trading above the Moving average…example, if its SQ, the market will target first hit of 200 on news release. if price is above the 200…traders will target long…as sentiment on how the market will react to good or bad news is impossible…so u did the right thing