Scout Sniper Basic Field Guide - InnerCircleTrader

Sage1

Active Member
So yesteday's short yielded 1% return.

I decided to take 40 pips off by partial closing 1% of my 2% risk and put SL at BE+1 which hit. Pretty good trade but not GREAT. Lol.

Now we are going higher so I'm glad that I am out.

I agree with Kongzz and dougl1965. My ideal short would be at 1.3480. In fact, I have a limit sell at that level. It is a longer term trade so I have a 50 pip SL and a 400 pip TP. I will gauge how it comes around to see if I would be able to decrease the SL to 30 pips or less.
 

Kuzia

Well-Known Member
I agree with you boys 1.3480 is v good setup, but how to know if its not just a stop run above 1.3450?
 

Sage1

Active Member
This is the setup I'm currently looking at.

So the cyan colored fib is for entry.
It might be hard to see but the 70.5% (sweetspot) is at 1.3473
We have key S/R at 1.3480, this I expect to be hit at LO tomorrow.
For profit I took the 161.8% extension (in purple) which is also 1.3220 ) also Key S/R.
Now I don't expect this to be hit in 1 day, maybe 2-3. But if we are to see lower prices, this is where it should be headed.
In the shorter term, i.e. 1 day, we could see 1.3350 tested (Friday's low and 1.33, Thursday's low)
 

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brians1128

Well-Known Member
Sage1 said:
This is the setup I'm currently looking at.

So the cyan colored fib is for entry.
It might be hard to see but the 70.5% (sweetspot) is at 1.3473
We have key S/R at 1.3480, this I expect to be hit at LO tomorrow.
For profit I took the 161.8% extension (in purple) which is also 1.3220 ) also Key S/R.
Now I don't expect this to be hit in 1 day, maybe 2-3. But if we are to see lower prices, this is where it should be headed.
In the shorter term, i.e. 1 day, we could see 1.3350 tested (Friday's low and 1.33, Thursday's low)
nice set up sage I'm watching the same level
 

Sage1

Active Member
Alright so my setup didn't materialize, no money lost so it's all good. I was expecting a news release to maybe fuel this (i.e. production numbers on USD or something like that, tomorrow is news heavy for euro and usd) we could see that happen there.

I am currently sitting in a short on GBP/USD at 1.5980, an OTE on hourly (and lower) that I got into in NYO and still in sync with the higher timeframe down move. I will take half off at +30 pips (if we get there) and let the rest run. Currently +4 pips.

Chart attached
 

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Sage1

Active Member
In case you were wondering, I got out on BE on this, otherwise would have been stopped at the line.

Reason: didn't do much analysis, just took the trade on impulse.
 

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dougl1965

Well-Known Member
As usual, I'm always tinkering with things...

NZDUSD

0.81900 - Riskcap Market Profile Level

Using a 15 minute chart, a fib was drawn up from
institutional level (0.81800) up to the 15 minute High.

I was looking for a bounce off the 79% retracement level but
70.5% worked great.

the big thing is: look where the 79% retrace level is and
where the market profile level is? that gave me a lot of
confidence. I just failed to trade the 70.5 level.
dougl
 

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Peterma

Well-Known Member
Just thought I'd post my thoughts on today's fibre action.

First sloping trend line on 1 hr (ICT will reference these when there is confluence with other tools - and that there is)

The second image is same 1hr with weekly pivot - see where the bounce was:

And the third image is a fib from yesterday's low to high 15m (the bounce today at 3390 was still inside yesterday's range so reasonable for a fib) - see the OTE

So the confluences were three fold - there was also the biggie - since we were still inside yesterday's range see where the equilib point for yesterday's Asian Session was ....
 

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Sage1

Active Member
Alright peeps. I'm in short on euro at 1.3480. Honestly, not very comfortable with the trade due to time and price theory. Price is there but time???? However, all previous confluences that I outlined still hold. We will see what happens, it's a demo acc. anyways.

Good luck if you also got filled.
 

ovidiux

Well-Known Member
at the opening of asian session Fed Chairman Bernanke will speak when I hope the 1.35 level will hold, and i was thinking of going short then or after ;D
 

Sage1

Active Member
ovidiux said:
at the opening of asian session Fed Chairman Bernanke will speak when I hope the 1.35 level will hold, and i was thinking of going short then or after ;D
It's good to know that Bernanke is gonna talk, but if you take a look at what he is about to say: "Due to speak about the history of the Federal Reserve Bank at the town hall meeting with educators, in Washington DC. Audience questions expected;".

I find this will have no impact on the market.
 

ams_trades

Active Member
Anyone else excited?!?...
Looks like we might be in a daily order block on the fibre. Interested to see how we go on the LTF now :)
 

Skipper

Demo trader - Learning everyday
ovidiux said:
at the opening of asian session Fed Chairman Bernanke will speak when I hope the 1.35 level will hold, and i was thinking of going short then or after ;D
Maybe Dr. Yellen speak will have more impact because of her future position?
 

ovidiux

Well-Known Member
Skipper said:
Maybe Dr. Yellen speak will have more impact because of her future position?
but until then we have Trade Balance and Unemployment Claims releases, wich maybe will rise the dollar in the opening of ny session as they are the remaining highlights of the week ???
 

kongzz

Well-Known Member
shorting GBP at 1.6040 OTE, bearish market structure, daily order block and 4H ICT Stinger. lets see how this goes.

Update: closed 50% @ +40 pips . stopped remaining at BE
 

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Sage1

Active Member
My Euro short is done. I closed out the entire position. I am up 3% this week. Looking to be up 5%/week. So far so good.
 

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