The Inner Circle Trader's Millionaire Traders Guild

Optimist · February 23, 2012, 3:12am

Pipacabra:

I’m going to put in my 2 cents on what should and should not be posted in this thread. First of all, trade ideas/results/feedback should be posted. Michael has always wanted that stuff posted and it is useful for everyone to be able to see how other people are trading using Michael’s concepts and it will benefit everyone. Also, questions in regards to videos, indicators, concepts, etc should be posted as well.

What SHOULDN’T be posted (and this is just my opinion) is all these filler posts thanking Michael and congratulating people on winning trades. All of us are thankful Michael is doing this, we’re all looking forward to the new year and this new thread… do we need 10-20 pages of people saying it (and the same thing the last 15 people just said)? No. If you want to thank Michael shoot him a PM, or message him on twitter, or send him an email. It will be more appreciated by him, he might even reply to you and give you something you can use in the future as encouragement or whatever. If you want to congratulate someone on their successful trade and don’t have any actual questions, criticism, comments then as someone mentioned simply hit the like button. It’s the same thing as typing a post to say “good trade! Congratulations” only now we don’t have to sift through 10 more posts that have no actual content to benefit any of us. And also jabs/insults at other people shouldn’t be posted in this thread, Michael has already made that clear in previous posts.

Anyway that’s just my two cents. I didn’t really want to post this but it does become a little much having to wade through 20 posts with no content to get to something useful every day. I think as respect to the community we should try to keep this thread more on track, if you want to “shoot” off (chit-chat, debate the weather, presidential race, etc) there is plenty of other places for that.

Cheers.

Edit: Before someone comments on this being my first post and adding more filler, I just started a different name and have been following and posting occasionally in the other thread for awhile now.

Edit 2: If you agree with me and want to show you agree with these generalized guidelines just hit like. If you don’t agree, please don’t reply and argue, just continue to post what you normally would as this isn’t my thread and I’m not your Dad.

Great post!
Threads only a day old and already reads 11 pages of crap. I think the thread would be much more informative and easy to read if it was locked for ICT exclusivly. Any general comments could easily be reinstated under a child board or corresponding ‘wannabe mllionares’ thread. Which coincedentally is the catagory i fall into.

system · February 23, 2012, 4:21am

Basic training completed ICT!(1 year course with what every new and aspiring trader still wants to know)
Ready for the Sniper course!
I found a new tool for all smart phone users of the non fruit variety for live prices and charts to keep an eye on trades(you will have to use your broker to place orders etc).
You will have to search for it as i’m not naming it.
Its on one of the latest videos with the USDX SMT for those who don’t have this index with their broker,ICT demonstrated a "resourse"where you can overlay USDX with another currency cross.
Well the same resourse offers A tool to "APP"ly to your smart phone for live prices etc(see above).

ICT see you in the foxhole

didko · February 23, 2012, 7:15am

Hey guys,
Who shorted the fiber? I missed the high by 20 pips but still a good short at 1.3311

PureMuscle · February 23, 2012, 7:33am

I bought it at 1.3290…

didko · February 23, 2012, 7:34am

you mean long?

PureMuscle · February 23, 2012, 7:57am

Yep… Looks like I’m gonna be wrong though to be honest

didko · February 23, 2012, 8:03am

lol yeah but i already doubt in my short.should be turning up in a couple of hours

LearninToPimpPips · February 23, 2012, 8:13am

Long here as well. Long at 1.3300.

Daily timeframe was pointing long to me. Euro ran up and did a retest a few days ago and drifted higher.

Gu yesterday moved down to support for retest.

Anticipated today being a long since GU tested support and appeared to hold. Eu was in the middle of a range.

We’ll see how it goes.

Bones123 · February 23, 2012, 8:46am

Niceeee, finally some trades posted instead of people telling other people what should and shouldn’t be posted in someone else’s thread lol …comon, I can’t.be the only one who noticed a lot of that happening

fred9455 · February 23, 2012, 8:54am

Overslept and missed the long opportunity. Right now I am looking to short the GU at the 50 level.

1hr OTE with stoch making a higher high. Probably get there around London Close

Sageone · February 23, 2012, 10:08am

+30 pips, 2% risk, NYO counter-trend, been catching these lately lol,
Couldn’t wake up on time at LO (my preferred trading time)
Entry: 1.5720
Reason for entry: 1H smt divergence, stochastic divergence, killzone time, institutional level
Reason for exit: I only go for +30 on NYO (not yet completely comfortable trading at this time)

EDIT: my most profitable week so far: +260 pips @ 2% risk (factoring the scaling out)

LearninToPimpPips · February 23, 2012, 10:21am

Oh well. Stopped out at loss.

+2.5% on the week now.

kubio · February 23, 2012, 11:30am

You seam one of the few who made money today, kudos to you.

I got raped in LO today, and see many others too. Nasty markets these days… :33: down to +3% for the week so far… lets hope tomorrow will get something back…

:41:

Spamorislak · February 23, 2012, 12:16pm

So a day where I got a big loss but not for a good reason. I got ****y and I didn’t analyze completely, going short on LO at both the fiber and the cable.

After I got stopped out, I noticed the bounce from support and how if I practiced proper focus and management, I wouldn’t have traded today at all!

All in all , even though I loss 60 pips, I only lost 1.2% of my account and a break even on another trade .

So even though i got bumped, i learned a big lesson!

georgewhite · February 23, 2012, 12:45pm

like a month ago or so ,someone mentioned that he is going to focus on AD //accumulation,distribution// Larry.W…thx for that, occasionally or frequently we forget about many sources we are handed here.
did watch the recommended source by him and ICT,

first picture - its GU 50 fib, goes back for few S R recognitions
one of the set up is consolidation and AD showing the way…
the reading changes with tf or it reads more stronger or subtle in comparing TF’s…
i pick notable levels on other pairs, like the second one NZ USD,its not picking top,the top was notably established, 100 piper for the last portion,its 4 hr

loses make us work harder

didko · February 23, 2012, 2:53pm

The market seems it is strong enough and this is why it hasn’t filled the sunday gap someone correct me if I am wrong

slowman · February 23, 2012, 4:05pm

Looks like ICT was right Fiber is hunting something higher.

LearninToPimpPips · February 23, 2012, 4:21pm

Nice trade Ake.

I took a loss today…got stopped out by a couple pips. Entered at the figure instead of 3290.

Took a loss, but feel good that I had the bias and analysis right. Just a little off on the fill.

rrmss · February 23, 2012, 4:49pm

Kudos to all those who went long and made nice pips

I was anticipating Euro to take out Feb 9th highs and shorted it at 1.3325. Took 30% and tightened SL and made some profits but I did not anticipate Euro to bounce back up again.

I was expecting Euro to follow Cable and fall like a rock which obviously did not happen!

Can somebody tell me why Euro bounced higher and what was the reason behind your long?

Thanks.

jim68 · February 23, 2012, 5:44pm

I was lucky enough to catch a little bit of the cable long this morning. Missed the first OTE at 1.5677 but was able to catch an entry at 1.5689 off another pull back and collected a nice +30 for a total of +6% for the week.
This past year has been a real eye opener for me. Thank you again Michael.