Hey guys,
I’ll think I’ll try my luck too on the topic of the behaviour of the asian range. I’ll use Clint’s pic for explaination
Here’s what I see:
EDIT: Took a look at that pic, I think I could have got the times wrong. This could actually be only the asian range which I declared as London Trades.
We know that SM is likely to trap the Street Money. So on 1 price moved down till the asian session, where it began to raise. Stops of Asianrange high was blown and provided an OTE for LO short. Street Money thought Asian is moving it up, trend up day! Trapped!
On 2 price was down the whole day. Price consolidated in asian and shot up after it, signaling an upmove trend reversal but the it moved down again. Trapped!
On 3 prive moved down as said. It went higher into the zone and began a move down in the zone into an OTE, providing the signal to go long. Street money would like to follow down on the strong asian move, thinking price went up to trade down and … Trapped!
On 4 it was up, consolidated in the zone and after that it moved down and gave an oppurtunity to go long. TRAPPED! Again the counter direction after the marked zone.
On 5 price went down into the zone and kept going down. And you guess it. Same scenario as the ones before. Countered and trapped.
So basically I would look at how the price is moving into the zone and in the zone.
If it’s moving in up into the zone and down in the zone, it’s going to be an upday. And vice versa.
If it’s moving up into the zone and consolidates and after that moves down, it’s going to be an upday. And vice versa.
Like if it consolidates in the zone and moves strong in a direction after it, don’t thrust it.
If it moves in a direction in the zone, don’t thrust it.
I hope you get the idea I had And I hope that I’m not completly wrong hehe And these are just my thought without taking higher TF analysis in.
And for the 2012 targets:
I will not limit myself by a weekly goal. But the recent time changed my tradingstyle and psych that I only trade real good setups and prespotted setups. If it happens like I expected it, I’ll trade it. It doesn’t matter if I’m up 1200 pips. BUT I won’t sit down in front of my charts and think “Okay, it’s LO, I’m here, I’ve got time. Where’s my entry point and it which direction should I trade?” anylonger. I did this too often and made a fast decision, which was eventually wrong. I’ve got the templates, the hints, the “manuals” of ICT and I want to trade them and only them! Nothing else I think I see at my charts right at the moment, I want to see setups before they occur and be ready to trade them. I’ve already managed to trade profitable and I hope I’m able to keep it up with a higher amount of cash on the table. More cash means like I already stated earlier that I’ll start with 2000€ and increase If I’m up at the end of the month by 500€. This is my plan, I think I’ll post my results If I have enough time to trade when I start my day job in mid february.
greetings