What Every New & Or Aspiring Forex Trader... Still Wants To Know

me too, long at 3285

asian range high @ 3279 too. now that I think about it, 3280 was a more logical entry point, haha

hm,… anyone seeing the railroad tracks on hourly for fiber and daily on Cable?.. situation doesnt look too bullish to me…
GLGT :41:

p.s. also, where is your judas to go long?.. not to mention overbought signals on many other tools…

Well I am also seeing a long.

Daily fractal low formed and should have a high probability that today will be an up day.

Price has moved up, consolidated yesterday, and today we can expect a long range day.

Higher Timeframe is bullish. We should see at least a bounce off the 1.3280 level if you look at your weekly, and daily charts.

I guess this is why we use stops. I’m just not liking how long this is taking. Thought it would be moving more since we are at the end of the LO kill zone.

Yeah the stop saves us, that’s the key.

and if you think of the Casino… the longer it stays here, the more “street money” that will be selling and will be the catalyst for the range expansion… when their stops get hit.

I think the big news in 3 hours is having its effect too here

All this bearish divergence is driving me nuts thought…lol…will be happen to see Fiber break out higher.

This i posted yesterday :slight_smile: USDX did exactly what i expected thats why my plan to go long is quite ok :slight_smile:

Love the different points of view on this thread.

I’m short from the figure.

Sell Zone of daily pivots
Resistance at R1 or MR2 depending on timeframe for pivots.
Judas break above the open
OTE right on the figure
Huge bearish SMT divergence

Risk was 22 pips, stops sitting at BE, holding until 10:00, or TP at 1.3200.

I get the feeling the news spread might stop me out at 7:00, which I’m ok with. Risked less then normal.

Long fiber at 1.3250. Inst level. OTE from yesterday low to today swing high. AR providing support. Judas swing from lO failed to break through AR.

And the cable took off first. Felt they were holding price for some more accumulation before releasing.

Went long fiber at 0800 GMT 3280 level. Was stopped out at 3260. 2% Loss. Went long again at NYO at 3250 with confluence of mid pivot, half the risk and just closed it out for a little more than +2%. I guess this stuff actually works.

missed the exact same setup as you by couple pips haha :19:

Same here, missed by 2 Pips…

Edit: Now entered long at central pivot, took profit after 20 Pips and stop at BE. Same with Cable and now enjoying the show.

Quick question - are there any more recent PTC Reviews then the ones on the front page? I see videos there up to November 2011 but nothing newer. Unfortunately it’s a bit difficult catching the reviews live because of my time zone so I was wondering if there was somewhere that I could find them in some sort of recorded format.

Thanks.

Ha, I did the same thing, entered long on OTE as it spiked down again. Stopped out at 20 pips profit. Wish I had more lots to let some ride, but my risk management wouldn’t allow it on this trade

Hey Lumpybd… check out the livestream.com channel. That is where ICT does his live webinars now and they are recorded there.

Well I was long at 1.3280 area like many of you to begin with, that got stopped out with a 30 pip loss. But I was then able to get long again at 1.3250 area and caught the nice ride with the news, took some profits moved to stop to BE and got stopped out again, and got right back in again at the OTE again at the 1.3250 level, took 66% off at R1 and have 33% still riding. Good recovery from the initial loss. :slight_smile:

Closed my long at 1.3250 at 1.3300. Price almost reached r2 and started retracing. And the ADR is just above r2.

Happy with it. Made 3%. Made up for yesterday’s loss.

Still long Aussie from 1.0680. Up about 8% onthat one so far.

Long on the OTE line. Confluence of the pivot, and long term support/resistance line it’s been bouncing off of.

2 losses today
-39 pips total
Still up on the week, but just barely

Very kind and generous with your time to impart your 16+ years of knowledge Michael! Just watched the intro video. Really nice man. This forum seriously owns.

Prince

Today was not a day for trading. As we can see, today were scheduled a lot of news on EUR and USD ! So, I think it is better just to watch a day like this !:5: