Scout Sniper Basic Field Guide - InnerCircleTrader

Peterma

Well-Known Member
Tarri said:
Hi Peterma,

I understand the 1.3540 level (order block) and managed to squeeze some pips from shorting it during LO this morning but what's the importance of the 1.3580 level except it being institutional?

Would actually consider 1.3620 more relevant as bias is still for down and this is daily ote zone.

Thanks in advance.

Cheers,
Tarri
Hi Tarri,

as you can see we had the expected hit on the 3580 - well was a pip out, but what's that among friends :)

More importantly now is the usual reaction, so far at around 40 pips - many times will see it just shy of the number on first try.

Will explain later why I was watching 3580
 

booze007

Member
Peterma said:
Hi Tarri,

as you can see we had the expected hit on the 3580 - well was a pip out, but what's that among friends :)

More importantly now is the usual reaction, so far at around 40 pips - many times will see it just shy of the number on first try.

Will explain later why I was watching 3580
Wow Petema . great job .ict would be proud of you:) . are you saying we would go back to 1.3580 ? may be after the news today ?
 

Peterma

Well-Known Member
Hi Booze, lol I'm just a learner, I posted because I could see people going short last week and yet I could see the 3580 looming.

In my work if I'm buying euro for future needs (accumulating) I seldom transact in one go, I'll often do it in stages (average in), I'll buy as euro falls at various levels on the way down or if it goes down, then up, then back down to where I previously bought then I'll repeat.

Imo the big players do the same (except for a specific transaction need), so horiz and sloping s/r is merely a symptom of this action. When I saw that pesky trend line form last week I saw that as a mere symptom of big players averaging into their positions, as Larry Williams observes - pros always buy strength, we retailers like to sell it.

The pros also like a bargain, so they buy as the price is falling, but on an upward path .

Where to now? - no idea, price is back to the trend line, AS is higher, cpi & retail out shortly, more news later on usd so plenty of oxygen for a push back up to 3620.

I am not interested yet in any shorts
 

Sage1

Active Member
I'm short Euro from 1.3555 approx. Good luck to all...

I'm up 7% since I started 1.5 weeks ago. How I wish it was real!

Starting to see a big SMT divergence between GBP and EUR on hourly.

EDIT: Up 80 pips! The power of SMT divergence!

EDIT2: It's also the power of news lol. Up 100 pips!

EDIT3: Target at 1.3432, TP hit.
 

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Peterma

Well-Known Member
Great action today on fibre - I see that the pesky line is now dust (at last).

After 3580 I had no idea where it was going to go, so flat. I have learned that by trying to 'see' where price is trying to reach to as taught by ICT, that if it gets to that target then I do not try to stretch the 'seeing' beyond - I just wait and see what happens.

Chris Lori's market 'inefficiencies' and ICT's swing point and ote area now spring to mind when looking at the 1hr. - but that's for a different day.

Well done to Sage and SMT divergence - a powerful tool.

Also well done to Jack and the mods - I like this forum :)
 

rod178

Well-Known Member
The issue after identification SMT Divergence is often - what and when to enter with minimum risk?

I usually try and enter the weakest (for a short) pair on an OTE off an M15 candle signal, such as a pin bar, subsequent SMT Divergence. Risk is set at 6pips, or less (ie sometimes at the wick), above the wick. In such cases risk is usually less than 15pips (max 20pips) and reward well over x3 (often >x5), which is my minimum requirement filter. Obviously these opportunities do not represent every day and some trades are missed or stopped out. Attached are the potential trades Fiber and Cable last night.
 

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Sage1

Active Member
Long GBP/USD on my end here from 1.6085. OTE on hourly, got in in Asia, holding until noon my time (another 1hr and 36 mins). Up 55 pips for now.

My 5k demo is currently sitting at $6044 over 2 weeks (almost)...

6 trades, all winners. 20% return currently. Risk 2%/trade - may have multiple trades open at the same time.

This is what I need for real!

EDIT: I am out now at 1.6145. 60 pips aka 4% return is good for me. + it's almost lunch time and I don't want to hold another hour...

EDIT2: note to self, STICK TO THE PLAN!!! would be up another 10 pips now @ 0.4 lots... $40
 

rod178

Well-Known Member
Sage1 said:
Long GBP/USD on my end here from 1.6085. OTE on hourly, got in in Asia, holding until noon my time (another 1hr and 36 mins). Up 55 pips for now.....
Good one - another example of smt divergence in action. ie Cable higher low, Fiber lower low
 

Tarri

Well-Known Member
After watching part 4 of the sniper guide I'm finally getting it. Below video also helped in making the 'click' for me. There are no secrets (contrary to the title) but it helped me understand what ICT is actually doing i.e. following these bank traders in their trades and dove tailing them (as he states often enough). I just couldn't picture it before.

http://www.youtube.com/watch?v=GyFVOFbhFws

disclaimer I have no affiliation to either and do not promote their companies/services
 

Tansen

Well-Known Member
I'll always remember what Wade told me in regards to the fed and large guys buying or selling in controlled areas "Pfft lol you serious they are the most scared those rapid moves are typically them buying the shit out of them"
 

SLT

Official GDayFX.com Rep
Consolidated areas of release, provide future trading opportunities...

from every large price move "open" in a high time frame chart, provides sensitive price levels from the point of origin
 

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SLT

Official GDayFX.com Rep
Buy Set up, after swing low forms...

have a look at these recent charts,

also i have made a video if anyone wants to watch it...? still uploading
 

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SLT

Official GDayFX.com Rep
foreigner said:
Interesting, what is your criteria for the release areas m8?
from every large price move "open" in a high time frame chart, provides sensitive price levels from the point of origin
 

walshman

ICT has shown me PATIENCE is the KEY!
GdayFx said:
Buy Set up, after swing low forms...

have a look at these recent charts,

also i have made a video if anyone wants to watch it...? still uploading
I'm in. Would love to see it :thumbsup:
Any thoughts on AUD/NZD? Judas swing or reversal? :-\
 

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