Scout Sniper Basic Field Guide - InnerCircleTrader

FTMO Trader Scouting

Kuzia

Well-Known Member
PipPimp said:
I should add, if the opportunity presents itself to take a long upto this area, there should be nothing wrong with that either (especially since the USDX is at a longer term OTE on the daily chart, so we may see some weakness in the USDX which could lead to some EU bullishness...)

Follow yields baby :*
 

PipPimp

Active Member
Kuzia said:
Follow yields baby :*

Thank you for that :D i take it there is a hint in the yields? :D

I am still new in trying to use other factors to help your trading decisions, like yields, USDX, interests rates and the COT report, this is something i personally have to really work on to improve, thank you!
 

cocoon

New Member
Hi guys, i've just saw the episode 4 but i'm struggling with the "order block" concept. There are some "general rules" to follow to find them? has someone some examples? i'm following this thread and lot of your images are very helpful (keep them coming!) but i still don't get it...
Someone can take a look at this image and tell me if i'm doing good? The blue box should be an order block?

eurusd-d1-forex-ltd.png
 

PipPimp

Active Member
cocoon said:
Hi guys, i've just saw the episode 4 but i'm struggling with the "order block" concept. There are some "general rules" to follow to find them? has someone some examples? i'm following this thread and lot of your images are very helpful (keep them coming!) but i still don't get it...
Someone can take a look at this image and tell me if i'm doing good? The blue box should be an order block?

eurusd-d1-forex-ltd.png

I think that could have been taken as an order block, BUT the markets structure was bearish at this time, and the market was gunning for the stop resting below that previous swing low in December, so when i look at order blocks on the daily chart, i look for a good rejection on the hourly chart to prove to me its where orders are resting, then i wait for an OTE or something to trade it in the direction we are looking for, go down to your hourly chart, and see how this order block reacted, maybe that will lead you to some clues...without the rejection, i think it is invalid
 

foreigner

Est. 12480 Hours and Counting
as a rule of thumb an orderblock is simply the last bearish candle before an uptrend and the last bullish candle before a down trend.
 

SLT

Official GDayFX.com Rep
Still kicking myself i missed that gbpaud trade, 800 pips later!
and still going... oh well get over it :(
 

SLT

Official GDayFX.com Rep
When you can count to 5 and say abc, your on the right track...
Price Action Cycle in EURUSD, never ceases to amaze me with the broader perspective of things

Have a look at the ICT concept buy signal, and the numbered chart buy signal, bottom two pics, signaling the same thing
http://fxgears.com/forum/index.php/topic,213.msg3067.html#msg3067
 

Attachments

  • 01 24 13 PAC.png
    01 24 13 PAC.png
    39.5 KB · Views: 82
  • jan 20 - 24.png
    jan 20 - 24.png
    84.7 KB · Views: 77

TopFroxx

Well-Known Member
@ GdayFx: sorry, i am not familiar with this kind of stuff. but what is your expectation of where fiber is going next?
keep up the work!

edit: just realized this is not one of your threads GdayFx. so just for clarification, my post was directed at you :)
 

SLT

Official GDayFX.com Rep
Foreigner just reminded me of the EP4 video i did on the Aussie set up, so i applied the Idea to EURUSD, and what'ya know mate! look at those levels get worked...

looks even better on a 30 min chart, look at this 5 min chart levels today! right now off the OTE

USDCHF is at a critical level to... the inverse of?
 

Attachments

  • 01 24 13 price levels.png
    01 24 13 price levels.png
    35.2 KB · Views: 57
  • 01 24 14 eurusd 5 minute.png
    01 24 14 eurusd 5 minute.png
    68.5 KB · Views: 47

SLT

Official GDayFX.com Rep
These are the types of set ups, that can bring the pips... confluence
 

Attachments

  • jan 2014 educational 5.png
    jan 2014 educational 5.png
    47.3 KB · Views: 61
  • jan 2014 educational 4.png
    jan 2014 educational 4.png
    34.6 KB · Views: 47
  • jan 2014 educational 3.png
    jan 2014 educational 3.png
    42 KB · Views: 65
  • jan 2014 educational 2.png
    jan 2014 educational 2.png
    46.7 KB · Views: 64
  • jan 2014 educational.png
    jan 2014 educational.png
    46 KB · Views: 76

rod178

Well-Known Member
Just finished reading:
Order Flow Trading for Fun and Profit - Daemon Goldsmith

Daemon previously posted under the handle of "Darkstar" on Forexfactory. His approach is similar to that of MH. ie looks for areas of likely stop hunts. Worth reading his material if, as I do, you subscribe to the ICT methodology.
 

syzygus009

Well-Known Member
rod178 said:
Just finished reading:
Order Flow Trading for Fun and Profit - Daemon Goldsmith

Daemon previously posted under the handle of "Darkstar" on Forexfactory. His approach is similar to that of MH. ie looks for areas of likely stop hunts. Worth reading his material if, as I do, you subscribe to the ICT methodology.

where can i find a copy of the book? not the course.
 

SLT

Official GDayFX.com Rep
Updated Gdayfx Corner, if anyone wants a peek, caught a couple of nice trades through the week, should have held them longer though!
 

rod178

Well-Known Member
syzygus009 said:
thanks. i found a copy after a long search. :eek:

lol - I know what you mean.

also have a look at this
http://www.orderflowtrading.com/Blog/tabid/200/page/8/Default.aspx
 

Hopiplaka

My thanks go out to ICT - the life changer
Wondering...

I'm in for a nice NYO Sell entry @1.3640 (ideally would be 1.3646 but with spread and round number, it's ok), aim for 1.3515, hopefully before the FOMC :)

edit: Ok, 1.3670 was a better entry, the 1H order block.
Protective stop is 10 pips above LO, so still safe. For now :)
 

Attachments

  • eurusdm302014w03.png
    eurusdm302014w03.png
    42.2 KB · Views: 68
  • MMSELL.png
    MMSELL.png
    51.9 KB · Views: 51

foreigner

Est. 12480 Hours and Counting
This is exactly what Ive been look at, however, Gdayfx has another view on the situation, I think he's going to be right and today will turn out to be another hard lesson..
 
FTMO Trader Scouting
Top