Deciphering ICT's Untold Secrets

the golden gun

RINSE & REPEAT
Peterma said:
Btw, for anyone lurking and learning, even GG's cat was aware that inflation data for UK was not going to be on the positive side.

So check out hr1 cable, see the rise up to create a double top this morning - then think of the why (forget about the leak story, didn't need leaking).

Stop your mt4 at the up candle and then check out shopster and his macd - see the tell tale - they are pushing it right up to the last, the greedy little bankers, then empty their bucket in the blink of an eye.

Also if you back right to the failed signal earlier post and check price on it's merry way up with the macd on H1 - see the continuous signals, say Tues and Wed or Thur and Fri - they were setting today up - one thing that is set in stone is the day and hour of the data release.

GG, go on, ask your cat what it knew, and what it leaked.
You win, I'm done. Bye!
 

Peterma

Well-Known Member
Apologies GG, didn't mean to offend.

I wanted to show some of the lurkers how the manipulators/spoofers/bankers work in real time.

I told a friend about the trap being laid on GBP at the weekend, I had to short it the whole way up without any SL since I didn't how far they would take it.
What maddened me most was that they took it right to the wire and then dumped just before the news release. Like I said earlier these guys NEED the news, that's what they set it up around, that's the importance of checking the calendar at least 2 weeks ahead.

Someone recently commented that FX is dog eat dog, they were wrong, these guys hunt in packs.

Anyways, my task is done, hope someone has learned, and hopefully not the hard way by being long GBP in recent days.

Again, apologies GG, au revoir.
 

jonnycab

Well-Known Member
Peterma said:
that's the importance of checking the calendar at least 2 weeks ahead.
fuck off

i haven't checked the news in forever

it is an entirely worthless endeavour - its all right in front of you, tick by tick, in real time....

more unimportant retail shit talk

LOL
 
J

Jeronimo

Guest
Why does every debate in forums turn into moronic face slapping contests. it's fuckin ridiculus..
 

sqa

Village Scribe
Jeronimo said:
Why does every debate in forums turn into moronic face slapping contests. it's fuckin ridiculus..
Two inter-related reasons.

1) Jack has done a good job of collecting readers that "made" it or "made" it while they've been on here.

2) Accomplishment in any profession brings with it changes in your personality. When it involves money, it tends to be more extroverted in nature. With Trading in particular, it really conflicts with the nature of forum posting. As we can see.


Though it has to be said that what's made the forum far more contentious is a lot of traders being successful. That's something I can still laugh about.
 

jonnycab

Well-Known Member
Jeronimo said:
Why does every debate in forums turn into moronic face slapping contests. it's fuckin ridiculus..
when all you've got to work with are morons......

incidentally... why has no one mentioned Hitler yet?
 

rod178

Well-Known Member
sqa said:
Two inter-related reasons.

1) Jack has done a good job of collecting readers that "made" it or "made" it while they've been on here.

2) Accomplishment in any profession brings with it changes in your personality. When it involves money, it tends to be more extroverted in nature. With Trading in particular, it really conflicts with the nature of forum posting. As we can see.


Though it has to be said that what's made the forum far more contentious is a lot of traders being successful. That's something I can still laugh about.
actually the major reason is the multinics
 

the golden gun

RINSE & REPEAT
shopster said:
look left....

you trade this long into the tap out of the last needle worxs top to the left then reverse your load short.

the reverse pair trade pic attached.

s
let's never fight again. you're clearly a god among us.
 

Peterma

Well-Known Member
Yeah, when you see gaps always have a think what lies in there, as per shop's pics.

In that space there sits orders, not any old (Jonny speak retail shit) orders.

So if you are a smart guy, well actually on your own not so smart, so what to do... dump the orders?... that sounds like loser talk, losers dump orders, smart guys work price.

Jeronimo, don't worry about the face slapping, it's all good, Jonny is N Iron (I think), anyways Hitler is coming, apparently he had a dislike for inflation, or so I am told, something to do with the Wermacht Republic and truck loads of money. Even worse, seems that legacy has wormed it's way into the EZ and it's leading country's dislike of QE.

(I know it sounds like Gobbly Gook - stupid market)

Btw, Jonny, those smart ass guys tried their best, had to use some drawdown, but I bloody beat them whoohoo :)
 

Peterma

Well-Known Member
Just reading the remainder of the thread, I'd say Sqa sums it up best.

The thing most frustrating, maybe because of all the posturing, maybe all the poor language, I don't know, but I wish that those guys that are reading, termed as lurkers, would input.

To those guys/gals I say this - do not be intimidated by the seemingly smart ass guys on here, there is only one to pay any attention to, and you will not see any bad language, only experience, think local store.

Lurkers/ learners - please shout out your thoughts and questions, right here - we are all learners... :)
 

big7887

Well-Known Member
Hi everyone.

This is my first post. I am lurking and learning there from some time. :p
I have some questions and thoughts i would like to share. I hope they will be useful.
Basically what i am trying to do lately is to hunt down divergence around the UK open time and try to ride them as long as i can before the reverse.

First picture is monday. There was a divergence at the UK open so i took it. It went up a little but turned back before even a pivot point, so i didn't take any profit. I held that long through the first leg down counting for a next leg up. I was wrong and i gave up almost all of my profit...

Second and third are tuesday. Again - UK morning, i thought i see hidden divergence (wasn't all that clear for me) so i fired a buy. Price blew through first R1 pivot - ok, lets pay close attention how it behaves. It paused just before R2 and made a tiny tiny DT - i didn't want to give away my profits like on monday so i exit at 1.14083. It turned out later that it was a perfect exit... but i was a little confused with that. There was no divergence to exit on 5min chart. But there was a divergence on lower time frame charts. I don't like when divergence on a lower timeframe stops one from higher timeframe chart. At the same time i hate to exit too soon and see price continues to go in my direction... So that's a problem for me. I guess i should exit anyway, take what market offers me and don't cry...

Fourth and fifth are thursday. Again the same - UK morning and divergence... I entered after the failed bull breakout. This time i took two positions so i could exit one somewhere and let the second run... That's was the plan, but i failed to do it. I saw the pause in price drop so i exit first half at the 1.14410 and then when i saw that big bull candle i exit the second half at 1.14477. This was a trick to shake out a good short positions i suppose. But you never know if it won't go up much more, so i bought back all my shorts...

Friday. I can't add more than 5 pictures but check your charts again the same - divergence around UK morning at 5 min chart. I sold two positions at 1.1391. I cashed first at 1.1370 and second at 1.1360. I think these were nice but i could ride them a litte more... I still need more experience...

The question is: how would you manage these trades. What i did wrong and what i did good? Could you comment these please?
 

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Peterma

Well-Known Member
Big,

What did you do wrong? - zilch

What did you do right? - you concentrated on the bottom right corner of the P/L, black ink.

The thought of leaving on the table is the mark of success, used to bug me big time, still does, but now I remind myself of the outdoor picnic.

We have a great love of eating picnics, one of the things I enjoy most is when the meal is done, I always keep a little for the birds, so too the market, always keep a little for the market.

Your confusion on the exit is needless, you were tape watching, all good tape watchers get to sense momentum, sometimes they get it right, sometimes not.

The thing I remind myself on any trade, not the pip or points count, in Schwartz's words - black ink, black ink, black ink.

The other thing I like about your post, you are adopting the us and them attitude.

Divergence is merely a tool to see them trying to hoodwink us.
 

big7887

Well-Known Member
Thank you for your kind words Peter.

Your insight about time when to enter was most helpful...
Now i truly know what i am looking for every morning when i start my trading day.
Not to mention Shopsters old divergence thread... I read it whole like 10 times after i found it about one year ago. I was finding something new every single re-read. I slowly started to get it piece by piece... I can honestly say that this is the stuff you need to learn...

Now i need a break for the weekend, because my fiancee also needs some attention. Haha. And i am sitting in front of the charts all day long even in saturday... Time to relax a little before monday. I will try to input something useful to this thread. I am still in the need of experience, so lets see how the next week goes.

Thanks again.
B
 

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