Here is the vid, i made a new thread for it...
http://fxgears.com/forum/index.php/topic,179.msg2390.html#msg2390
http://fxgears.com/forum/index.php/topic,179.msg2390.html#msg2390
Scout Sniper Basic Field Guide - InnerCircleTrader
- Thread starter TheInnerCircleTrader
- Start date
Peterma said:
Well I guess that the particular 'inefficiency' of 2 days ago has now been made 'efficient'.
ICT's ote on the daily is of interest - probably down on Mon AS after reaching 3570 (underside of that pesky line again) then a push for 3650 - then in ote territory.
Did the banks liquidate on the rumours of negative rates? - nope, they just bought up more of the cheaper prices - it's what they do.
Did the banks create the rumours? - they did not need to, the notion of negative rates was already out there, they just used it to their advantage - it's what they do.
I suppose the only thing different now is that the banks' averaged in price is lower, so not really needed to push price up as high - but then again greed could come into play.
Btw, as ICT teaches, Tue/Wed are the important days.
Could be a great week next week - good luck to all.
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So bit confused on EURUSD, bias is sell (9 below 18) however short term market structure is broken to the upside (on daily) and bullish on all TF. Guess this means sit on my hands until it becomes clearer.
Retail traders are short (74%) which is a contra indicator, commercials are slightly net long but could also be volume already going down towards the end of the year.
ICT tells in video not to go bottom or top picking but would be nice to have some sort of indication of tops/botoms in.
Any views?
Retail traders are short (74%) which is a contra indicator, commercials are slightly net long but could also be volume already going down towards the end of the year.
ICT tells in video not to go bottom or top picking but would be nice to have some sort of indication of tops/botoms in.
Any views?
Tarri said:
Major structure's not broken. But if you look at around the 1.3400 look at how strong that level is, despite the slip above and below on the daily. 70% retail can be short but you only want to get in on that when they have the most to lose. Look at the COT as well we're pretty much even steven's for long and shorts. Just wait and look at bonds as well but keep in mind we are dipping into the Xmas season and this is Typically see some lazy moves possibly driven by retail sometimes.
Nearly have the gdayFX video loaded, You new traders make sure you watch it, it also goes along the lines of ICT set ups and some added methods to really see the markets movements through... grab a drink/coffee & try and watch the whole vid! Dan
http://fxgears.com/forum/index.php/topic,179.msg2390.html#msg2390
YouTube
http://www.youtube.com/watch?v=CWXwgfF-4UQ
Video Example today, in the pair i talked about, only on a 5 Min Chart!
http://fxgears.com/forum/index.php/topic,179.msg2390.html#msg2390
YouTube
http://www.youtube.com/watch?v=CWXwgfF-4UQ
Video Example today, in the pair i talked about, only on a 5 Min Chart!
Attachments
Tarri said:
Daily chart, Nov 21 price 3391 - daily bars each side with higher lows. ( I would have liked to have seen the high of the right bar (3356) pierced, but that may come tomorrow).
Run a fib from Fri low to Fri high - check for ote level on that .....3490
Check pivot s1 .... 3490
Low of today .... 3490
Many retail going short because of the stubbornness of 3550-60
weekly pp at 3508 - so I went long there.
Could be an iffy trade - important to stay above today's low during AS and then LO tomorrow - if the trade survives that then all is well for a tp around 3645 (the 100 extn of the fib and a s/r level that I've been looking at as a 'reaching to' level)
On a h4 chart draw a horiz line here to see why.
The danger with this trade are the Asian stops below 3460 - they have to be tempting.
Hi Tansen,
when you say the major structure is not broken you mean we did not take out the ITH at 1.382?
Other than that one all are broken from what I can see. One positive day and 9 will be above 18 as well. It looks like we'll get a retest of the high, confirmation will be breaking the monthly open around 1.358, if it reverses there we'll head lower. Before that the 1.3550 will be key.
So looking ahead if we have an upmove to 1.355 during LO I will be looking for either a reversal (turnaround tuesday) or a break of 1.358 during NYO. This will determine the bearish/bullish outlook for the rest of the week/month.
when you say the major structure is not broken you mean we did not take out the ITH at 1.382?
Other than that one all are broken from what I can see. One positive day and 9 will be above 18 as well. It looks like we'll get a retest of the high, confirmation will be breaking the monthly open around 1.358, if it reverses there we'll head lower. Before that the 1.3550 will be key.
So looking ahead if we have an upmove to 1.355 during LO I will be looking for either a reversal (turnaround tuesday) or a break of 1.358 during NYO. This will determine the bearish/bullish outlook for the rest of the week/month.
Watching the 1.35040 level for a long.
Price traded into that level which was previouss weekly high and bounced off it.
watching LO for a retest as it coincides with hourly OTE + pivot sell zone and hourly order block, note the shift in ST market structure as it broke past yesterday's NY session highs.
and the bullish market flow/momentum.will be targetting the 1.3680 OTE zone as i believe its still trading within this larger price swing (1.330 - 1.3840)
Price traded into that level which was previouss weekly high and bounced off it.
watching LO for a retest as it coincides with hourly OTE + pivot sell zone and hourly order block, note the shift in ST market structure as it broke past yesterday's NY session highs.
and the bullish market flow/momentum.will be targetting the 1.3680 OTE zone as i believe its still trading within this larger price swing (1.330 - 1.3840)
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