TheInnerCircleTrader
Well-Known Member
I laugh because I acted just like this on AOL lol
Let em have fun... they'll blush later on
Let em have fun... they'll blush later on
Cable&Fiber: Intraday Setups
- Thread starter the golden gun
- Start date
the golden gun
RINSE & REPEAT
InnerCircleTrader said:
I thought maybe it was an integral part of the millionaire trader process. Who am I to say which parts of your amazing career I'm allowed to skip??
P
Piper
Guest
The blowing away a mio and half.
MUHAHA
-P
MUHAHA
-P
the golden gun
RINSE & REPEAT
Fiber Short FOMC
FOMC Setup
Trade: Fiber Short
Key level: 2977
Entry Pattern: OTE following market structure break
Potential: 70-100 pips (refer to attached target selection template)
No fluff, back to work folks!
*Now with 25% less testosterone!
FOMC Setup
Trade: Fiber Short
Key level: 2977
Entry Pattern: OTE following market structure break
Potential: 70-100 pips (refer to attached target selection template)
No fluff, back to work folks!
*Now with 25% less testosterone!
Attachments
the golden gun
RINSE & REPEAT
Easy as 1-2-3
FOMC always produces some really big CDRs. If anyone is curious how I handle that, I would just refer to the asian range (which will of course be much tighter), and just look for intraday scalps, or just take a day off. I get the impression that post-FOMC is a bit messy, and takes a day or two for the market makers to fill in the liquidity gaps.
When I see really aggressive moves like this, I like to count the newly created highs or lows, and expect the final push to be the third push. If they run the 3rd high/low I expect it to be a stop run.
Here are some examples:
FOMC always produces some really big CDRs. If anyone is curious how I handle that, I would just refer to the asian range (which will of course be much tighter), and just look for intraday scalps, or just take a day off. I get the impression that post-FOMC is a bit messy, and takes a day or two for the market makers to fill in the liquidity gaps.
When I see really aggressive moves like this, I like to count the newly created highs or lows, and expect the final push to be the third push. If they run the 3rd high/low I expect it to be a stop run.
Here are some examples:
Attachments
The CDR normally has to be in excess of 60 pips, otherwise the majors will still try to take both sides of it. It's somewhat fascinating to watch.
Still, if you just ignore the first hour of the CDR, then map out the section for highs & lows, it's normally a good sign of the areas they'll have Orders stacked up.
Still, if you just ignore the first hour of the CDR, then map out the section for highs & lows, it's normally a good sign of the areas they'll have Orders stacked up.
the golden gun
RINSE & REPEAT
Cable Long @ LO
Trade: Cable Long
Key level: 6268
Entry Pattern: OTE (Breakout above AR, retrace to AR Hi)
Potential: ~130 pips
Please refer to my previous post describing my 123 hi/lo counting technique. It is what helped me decide where to anchor my fib from, and helped pinpoint where to take profits on this Monster LO trade!
It be rainin' pips this week, and the tools have been catching a healthy portion of it. ;D
Trade: Cable Long
Key level: 6268
Entry Pattern: OTE (Breakout above AR, retrace to AR Hi)
Potential: ~130 pips
Please refer to my previous post describing my 123 hi/lo counting technique. It is what helped me decide where to anchor my fib from, and helped pinpoint where to take profits on this Monster LO trade!
It be rainin' pips this week, and the tools have been catching a healthy portion of it. ;D
Attachments
the golden gun
RINSE & REPEAT
Fibre trading week. Overall a positive week, albeit small.
Guys i've had a really good run last 6 weeks. Small but consistent gains. Out of the last 6 weeks one week was losing. I hope I can keep this up. This time next year i'm sure i'll be joining the ranks of some of you lot
Guys i've had a really good run last 6 weeks. Small but consistent gains. Out of the last 6 weeks one week was losing. I hope I can keep this up. This time next year i'm sure i'll be joining the ranks of some of you lot
Attachments
the golden gun
RINSE & REPEAT
Re: #1
To me it looks like a nice long setup (resistance turned support 1.11 level), 1.1103 would be a nice long, but I cannot figure it out using your screenshot
A nice level though
It's not clear to me if you're short or long?the golden gun said:
To me it looks like a nice long setup (resistance turned support 1.11 level), 1.1103 would be a nice long, but I cannot figure it out using your screenshot
A nice level though
P
Piper
Guest
the golden gun
RINSE & REPEAT
You were spoiled by what I was sharing in my first month. Now that the novelty of the thread has faded away, my participation will be quite casual from now on.
I'm setting up shop at pepperstone, with a GBP account. The numbers look smaller, but that's great, I want to keep it modest.
I'm setting up shop at pepperstone, with a GBP account. The numbers look smaller, but that's great, I want to keep it modest.
P
Piper
Guest
the golden gun said:
I'm still in the process of building a time machine to get spoiled and utilize all the shit u shooting here..
the golden gun said:
Yea.. All this yakking in midweek is kinda counterproductive..
Good choice. I have an usd account there for 6 mnts, and no complaints. Glthe golden gun said:
-P
Hi All,
I thought I'd post a snapshot of what I anticipated before the move unfolded.
Sweet spot OTE and H1 orderblock confluence. A nice 50 pips would have been grabbed there.
Moving out to the D1 timeframe, you can also see a swing low point which also added to the confluence list.
Zooming into the M15 timeframe you can see this key level.
Hope The Golden Gun is still around.
I thought I'd post a snapshot of what I anticipated before the move unfolded.
Sweet spot OTE and H1 orderblock confluence. A nice 50 pips would have been grabbed there.
Moving out to the D1 timeframe, you can also see a swing low point which also added to the confluence list.
Zooming into the M15 timeframe you can see this key level.
Hope The Golden Gun is still around.
Attachments
the golden gun
RINSE & REPEAT
Fiber Short
Haha, I'm always around. Thanks for posting the great setup AnDDe, it's always nice to know others can see what I see!
Trade: Fiber Short
Key level: 2660
Entry Pattern: Hidden OTE from key level 2660
Potential: Scalps Only, ~30-40 pips
I am biased towards scalping the market (20-40 pips by my definition) following large range days. The idea behind that is the large range day/small range day cycle taught my ICT. It makes sense... after a lot of action, the market is out of gas, and must consolidate before the next Swing move...
Haha, I'm always around. Thanks for posting the great setup AnDDe, it's always nice to know others can see what I see!
Trade: Fiber Short
Key level: 2660
Entry Pattern: Hidden OTE from key level 2660
Potential: Scalps Only, ~30-40 pips
I am biased towards scalping the market (20-40 pips by my definition) following large range days. The idea behind that is the large range day/small range day cycle taught my ICT. It makes sense... after a lot of action, the market is out of gas, and must consolidate before the next Swing move...
Attachments
Should have stuck with smaller expectations today as well..
I don't mind letting trades go or missing some.. but I really dislike giving back profits, which happened twice today.
took a scalp in fiber (2595) as I expected to run those stops above CDR/AR highs.. price went up less then 1R for me and then went back down to test the m15 low. I closed it manually after it broke a low.. this one doesn't bother me too much..
this one does:
had a limit sell order on cables 50 level which was hit perfectly.. trade was at +2R by the time I went to bed, had a TP set which didn't get triggered (at 3R).. and just now I got notified that I was stopped out at BE (at the 50 level) giving back 2.5R I do not like at all I guess you where right about focusing on scalps.. my TPs just remained untouched.. well it happens
(I do not scale out if Im trading with 0.5% Risk)
cheers and thanks for letting me vent
I don't mind letting trades go or missing some.. but I really dislike giving back profits, which happened twice today.
took a scalp in fiber (2595) as I expected to run those stops above CDR/AR highs.. price went up less then 1R for me and then went back down to test the m15 low. I closed it manually after it broke a low.. this one doesn't bother me too much..
this one does:
had a limit sell order on cables 50 level which was hit perfectly.. trade was at +2R by the time I went to bed, had a TP set which didn't get triggered (at 3R).. and just now I got notified that I was stopped out at BE (at the 50 level) giving back 2.5R I do not like at all
I guess you where right about focusing on scalps.. my TPs just remained untouched.. well it happens(I do not scale out if Im trading with 0.5% Risk)
cheers and thanks for letting me vent
the golden gun
RINSE & REPEAT
fredfresh said:Should have stuck with smaller expectations today as well..
I don't mind letting trades go or missing some.. but I really dislike giving back profits, which happened twice today.
took a scalp in fiber (2595) as I expected to run those stops above CDR/AR highs.. price went up less then 1R for me and then went back down to test the m15 low. I closed it manually after it broke a low.. this one doesn't bother me too much..
this one does:
had a limit sell order on cables 50 level which was hit perfectly.. trade was at +2R by the time I went to bed, had a TP set which didn't get triggered (at 3R).. and just now I got notified that I was stopped out at BE (at the 50 level) giving back 2.5R I do not like at all
(I do not scale out if Im trading with 0.5% Risk)
cheers and thanks for letting me vent
Just checked my Cable chart after reading this post (I've been glued to the Fiber for whatever reason).
And all I have to say is... Ouch!
Woulda/Coulda/Shoulda been 120 pip win for you sir.