Thanks mate
What do you guys think of this trade? Can someone tell me how to make a thumbnail view , then a full size image?
Closed almost the rest at +30, letting 10% do w/e till b/e
I just see this image
please tell me how to make thumnail view.
I guess its got to up before it can go down right?
Nice you were able to lock in at least 30 pips, poca. I watched that unfold but didn’t pull the trigger on fiber since it was in no man’s land on the trinity. Crazy market out there.
Hands up who spotted before the markets even opened in Asia this morning that a sell off would come at New York open? I want to know if this is for real, because if it is…WOW!
Didnt spot it.
But can’t see how one would have entered it. There’s no OTE.
Unless you just trade off the pivot?
Anybody catch some of that? I actually caught some of the up move
SladhaFX, Thank you so much! this Video is very helpful! why didn’t I see that video on the first page? is it there?
I started watching it, but my son needed my attention;) so I will rewatch it once he is finally sleeping hahaha
Are there also videos of that caliber for williams%R, market vain sentiment and such?
What I am struggling with? well for me these topics are like a black hole;) I struggle with WHAT these things are showing me, WHERE to get them, HOW to chart and analyze them, and most importantly: HOW to use them for my Forex trading;) as you can see… I have a lot of video-rewatching to do;)
Thank you very much for your reply! I am appreciate it very very much! and thanks again for the link!
Sincerely Fredy
Looking at EU. If you draw a fib from Monday’s high to Tuesday’s low, you get an OTE yesterday and today. Not on GU though. What did you see in Asia?
Well the good bit is I was short from Asia but the bad bit is I’ve moved my stop to 5780, hating the world and revenge stop moving. Went to the boys Nativity Play and had some divine intervention on my return with my alarm popping at ADR low, fear and greed got me closing a 1:1 overleveraged trade at 4%.
This was week 5 of perfect discipline with good, modest gains but I realise I’ve been pushing it to reach end of year goals. To be honest I might have moved the stops again, a little meltdown moment.
So, happy with my analysis but a bit gutted the demon trader is still lurking so close to the surface ready to grab my gains.
You got the entry TalonD, but how did we know at 3:45pm in New York yesterday afternoon that this baby was gonna slide? Hint: The markets are I-N-T-E-R-E-L-A-T-E-D…
dji surge?
more…tell me more…
DJ made a higher high, but S&P and NASDAQ failed?
NOTE: The first 3 charts were captured yesterday to show multiple nested OTE’s and divergences…The last 2 are from today.
I’ve been expecting a slide down for a while. Had 2 failed trades as a result and I missed the move. anticipated the market incorrectly and took a big hit to my account. Also, had psychology issues and lessons learned regarding trading using my cell phone instead of full size charts that have results in about a 10% drawdown from this failure. Learning experience for me this week.
Resons for expecting a significant down slide.
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Market Structure bearish - On Monday, as I posted, we broke a ITL confirming bearish market structure. The ITH high established on the 4 hour chart on 11/30 is still in tact. Looking back over 4 hour charts, it appears that the market creates new ITL/ITH every 1-2 weeks. So a new ITH is reasonable to expect as we are in the lower end of the window. A slide down from here would allow a new ITH to be established for a market anchor to judge future swing. We have a ITL on 12/6 now so we can expect a movement down and allow a new ITL form over the next 2 weeks.
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We are in multimple nested OTE’s from longer term timeframes. See charts below from 4 hour charts highlighting 2 long term OTE to slide lower.
Long term view…The large move down in the 2nd half of November. This is the fib from the 2 farther out ITH and 2nd farther out ITL (2nd farther out being defined not counting the “footprint” break lower on Monday (see the november 21 webinar part on on longer term analysis for what ICT called “leaving a footprint”. The blue rectangle is the OTE zone for this large move.
Medium term view…From 11/30 high to 12/2 low (also known as prior week high and low). Note the OTE zone for this fib is the 1.5701 to 1.5734 range. Most of this zone is within the blue rectangle from the longer term fib.
So we are at the OTE zone on fib drawn from the most recent pair of ITH/ITL, and the ITL/ITH pair before that.
Combined with the “footprint” left on Monday where a ITL was broken reasonably allowing us to anticipate a move lower.
- Also…yesterday…we had SMT bearish divergences on the 1 hour chart appearing consistently. See below…the lines are color coded. There are 3 pairs of divergences on the 1 hour chart.
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We are in sell zone for pivots
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We are in the sell zone for Traders Trinity (TT)
I had a failed trade yesterday on entry at 1.5709. I was expecting significant move down and this was entered on the LC (as Matty and a few other have posted the trade I won’t replicate) But this failed for me as my stop was gunned (this is where I had the psychology and phone issues and lost about 10% of equity here).
So…from a longer timeframe analysis, I was bearish.
Today, setup as a template buy day…see chart.
We had the tight asian range…then a breakout up. During LO, we had a retest of the Asian low (was just a little bit above it), a 50 pip move up and a retrace. I have highlighted an OTE that could have been taken coming out of the LO. For a buy day template…break the asian range higher…move lower to an established resistance, swing up, retrace for OTE, then rocket up.
That’s what happened. The move up hit the 50% extension on the button.
The swing up stalled at the 50% extension level. The projected ADR high, Daily R1 pivot level…and a stop run of several STH that were clustered together.
This is an interesting day…was going along the buy day template…but failed. Support Resistance trumps buy/sell day templates I suppose. There were a lot of clues that a turnaround was coming as I highlighted above. But not sure how someone would have used an OTE entry to get this sell off. At best, it would be a sell limit entered at the R1 level anticiapting a sell off from there based on bearish market structure and a stop run.
Now…how did I trade this one…I anticipated a fake buy day (maybe this is the judas swing that ICT ForeXmas will highlight…judas has got to do something with bertrayal.
Also…I didn’t like the LO retest prior support being the Asian range low (per the buy day template). The template shows it breaking out of the Asian range to a prior S/R or pivot level then going the direction of the first asian breakout. So I was suspicious of this being a buy day since it didn’t break the asian low.
SO I traded the high of the LO swing and the following move down. I entered short at the OTE retracement at 1.5730 expecting the sell off to start at the beginning of the NYO session.
- I was in a kill zone.
- sell zone pivots (although not at a MR or R level)
- Prior S/R level from the 4 hour chart (if you look back at the cluster of highs on the 4 hour chart…1 of them is at this level. I thought we broke resistance for a s/l run, retraced, would retest resistance and fall.
- TRIPLE nested OTE’s from most recent 50 pip swing and 2 longer terms swings.
Confidently…entered at 1.5730, s/l at 1.5760.
stopped out…went 8 more pips up, then fell like a rock.
Missed it by that much!!!
In hindsight…I probably should have looked to line up to a pivot level and realize the stop run could go a little higher and wipe out a little more stops to create some more liquidity. But I was pretty confident we wouldn’t get all the way up to 1.5780.
Week 8 Results:
Gonna call it a week and go see Moneyball. This was my plan week 8, and I decided to raise my earnings target to 3% (ROE) per week / 12% per month. 3 trades this week and 3 wins. Made 3.4% ROE, bringing my 8 week total to 19.5%. Also netted 66.5 pips this week bringing my total net pips for the 8 weeks to 535.5 pips.
Although my results are fairly good, I am often not taking the profit that I should be, as my net pips per trade are a little low (even for the non-scalps, non LC trades), and I do leave some money on the table and my SL’s must get smaller. I can say with honesty, that If I’d not found this thread and studied the videos, and read the great posts from all who contribute here, I would probably have a small net loss and have quit trading by now. Have a great weekend.
Sorry can you explain in a lil more detail about the 3 stock averages?
ICT’s latest present on the front page explains it all