pretty long time since my last post. Just wanted to give a short info What a time it was! I went for less trades since work overcame me a lil bit, but I managed to grow my small account by 36%, giving me enough confidence to fund an account in January with 2.000ā¬. As thereās more money on the table now, Iāll start to look for a monthly return of 10%, if I can keep it up Iāll deposit another 500ā¬ each month(if I can afford ;)). Iām done with military service on January 10th(woohoo) and returning to my normal dayjob in the middle of February, so I should find some time to trade (nearly) fulltime for a month Iām thinking about posting monthly updates in the thread, but Iām not sure if it forces me to trade more or something hehe. For now I think the wipe of my account has a good side too, it improved my trading psychology further. I can stand that hit and the time with less trades was a good experience too. Just see the positive things! hehe
Today was no work for me - and I had luck, the setup I was watching this week on AUDUSD finally occured - tourtle souped the range and went in at 1.0320, 30% & riskless at 30 pips, 30% at bottom of range @ 1.0150, remaining portion with SL 10 above 15min swing inst level @ 1.0230. Hoping for break of the bottom and a retest to go down further, maybe Iāll reenter at the the retest of the bottom. Target for remaining portion is 4h fractal low at 62% retracement @0.9950. Quite unsure if it will even break the bottom because it stopped moving there.
For some posts above me: Personally I look at the volatility of LC - if itās low Iām out between 1800-1900 GMT, if itās normal the 20/40 pips target are enough, if itās moving fast Iāll go for 20 pips riskless, 30% out at 38.2% retracement of the real range of the day (not the ADR) and maybe let the remaining portion run if there are higher TF setups - if not 20pips/40pips/38.2 retracement.
Doublepost, but wanted to mention that Iāve got an pending long at 1.5500 - canāt see the exact level youāre watching, but I think itās this one
And by the way: Crazy how much is going on in here - canāt even catch up reading O.O
I trade the LC just about everyday. These last few weeks have been grueling to say the least, and not the norm of what I have experienced since I started trading in April. Since I havenāt been trading very long, take my opinion for what itās worth. Under normal circumstances, on a range day like today, I will usually get my 20-30 pips and bank them. Since today was just bouncing around and I was in the red for a lot of it, I just wanted to get out with my shirt on. Granted, I jumped in too early and paid the price for it, but was still able to bank a few pips. Like I said these last few weeks have not been the norm. On a normal LC range day, I will be in a trade for 30 minutes- 2 hours. On a Z day, you could be in a trade most of the afternoon. When price moves hard and fast, and fills the ADR in the NY session like it did today, bank your pips and exit because itās likely it will move against you back towards the high/low of the day. If the range is filled during London and NY is a continuation of the trend, it seems a bit more leisurely and I donāt feel as hard pressed to get out Price could also continue a move deeper into the range.
In the asian session video, ICT says that the Asian session is likely to move counter to NY. If you are stuck in the red at the NY close, the Asian session may bail you out. I ended up closing out yesterday in the Asian session for a few in the black. I canāt say Iāve done that before, but it seemed to work. If tomorrow is going to be another sell day, the Asian range could be reasonably large setting up for it.
Sold at 1.3350. Thereās been a lot of interest in this level, just recently acting as support now turned resistance.
Also Its a previous daily low, yesterdays S1, bottom of TT danger zone and the monthly S1 is only ten pips away. Bearish divergence on 5 min SMT. Only a 50% fib retracement.
Looking for 70% off at 20 pips then maybe let the rest run to 1.3320 area. We shall see
Edit: Closed with a small profit. I didnt like the way it was playing out.
We have a bear flag that projects to almost the exact level of the 79% retracement of November low - December high and the 1.5500 figureā¦just something to think about.
However, we also have a bullish divergence on the 4h charts
At first I was like holycrap this thread is going to take alot of catching up if I miss a week, but the awesome thing is we are forming a strong group with people wanting to help eachother out and post analysis, and the occasional joke hah.
Oh baby
Great vid btw. Did you come up with the stop order hunting as something you observed or is there a book talking about this, or is it something obvious and talked about before hah.
This is just for when price is in fair value correct? I figure if price breaks a certain fract/swing high or low itās changes the market flow for an intraday trend trade? So this means itās only for when price is in TT fair value?
I lost tons of money on these days and discovered when and where they typically formedā¦ George Angell coined the term āSeek & Destroyā day but I have pegged it to a definitive time and price where to anticipate itā¦ George offered up little aside fromā¦ Hope you avoid it friends lol.
What a time it was! I went for less trades since work overcame me a lil bit, but I managed to grow my small account by 36%, giving me enough confidence to fund an account in January with 2.000ā¬. As thereās more money on the table now, Iāll start to look for a monthly return of 10%, if I can keep it up Iāll deposit another 500ā¬ each month(if I can afford ;)). Iām done with military service on January 10th(woohoo) and returning to my normal dayjob in the middle of February, so I should find some time to trade (nearly) fulltime for a month 
