I took the same trade today except entered on the big fig - 1.59…
I think when trying to pick entries, it will be rare times you ever get it right at the top or the bottom of the swing, so what i go for now is the nearest figure value within my entry zone + my spread… I’d rather have a less acurate entry by 5-20 pips and have my SL cover than, rather than miss the move all together…
I think as long as your getting in somewhere in the 62-79 fib you’ll be ok…
I did the exact same, took off 1/4 of my position at +30 and locked BE… Looks like theres a big support zone lying around 3050-3020, think ill be closing out near there…
Heh better than from +9 to -30, stopped by that EUR rally just after the NYO kill zone. Just curious anyone think we may actually see an up week overall? I’ve had a short bias so far but the fractals forming on the daily chart for both fiber and cable and today’s action is making me think twice. Only down about 1% overall my first month of demo trading so not complaining, thank you ICT for teaching me the virtues of low risk trades, really is helping me psychologically. On to NYO tomorrow.
Cable and fiber making big-time divergence now. Fiber bias is down and classic swing high fractal/power of 3 forming today. Could expect a open, move up, the drop to follow through. Cables action today very much the opposite, moving up through 1.5980 resistance powerfully but stalling before breaking above the 4/2 ITH.
Confusion. Does this mean fiber to reverse and follow cable into a buy program? Or, the way I’m leaning, look at SMT divergence of pair, both coming up against HTF resistance. Cable making HH and fiber failing to make HH.
If I had to guess (that’s what we’re here for right) I’d say SMT divergence and both heading south. Thoughts?
Does anyone know of a free way to capture Livestream recordings? I’d like to be able to store them on my laptop to review them while travelling, which I have to do a lot of at the moment.
If you watch the lastest webinar ICT is thinking the same as you guys BUT be aware that a Cable short trade will be a countertrend trade and you want to lower you risk, don’t get greedy and only leave a small 10% on that may catch a big reversal.