Scout Sniper Basic Field Guide - InnerCircleTrader

Hopiplaka

My thanks go out to ICT - the life changer
foreigner said:
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..
Thanks for the feedback Foreigner.

Although the EMA9-18 for both 1D and 4H are pointing to a Buy only, I'm going the other way :)

The reason I like this MM Sell model is because I think we are in in risk OFF scenario, so bond prices go up, USDx up, foreign currencies down.

The reason is the divergence in bond prices, as well as a divergence between EURx and USDx (eurx made higher high, usdx did not make a lower low).
A similar divergence can be seen in SP500, Nasdaq, DJ.

So we might run the stops @ 1.3737 on FOMC, but I do not think that's likely given the fact that USDX was in Sweet spot buy and eurx was 61 sell fib.

So in conclusion, see you @ 1.3515, but 1.3464 would be even more sweet :)

Seasonal tendencies predict this risk off until end april, beginning of May, so we might see 1.3300 by that time.

Just my 2 cents of course ;)
 

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foreigner

Est. 12480 Hours and Counting
Thanks for the reassurance Hopi, I think my problem was that I positioned myself poorly yesterday and got stopped out as a result, then I changed my mind on the market flow and began adopting other traders analysis rather than sticking to my own.
 

SLT

Official GDayFX.com Rep
I added a video to the first thread in the corner, it also has the trades i am running atm and a bit of EURUSD at the end of it, for those who had some questions... thanks
 

SLT

Official GDayFX.com Rep
EURUSD 1 minute chart scalp, example of how effective chart labeling can be, when used in conjunction with time of day. take notice of the buy area at 4 @ 8gmt. I am short now, not sure if it will play out, but you will get my drift... studying price action is a must in this game, while also keeping an eye on higher time frame positioning

price is on a C drop, will be interesting to see if it hits my target or not,
would be good if it was heading to raid Asia's close low, which is where price started this advance from

Something interesting to USDCHF, seems like it might want to head lower to break Fridays low, if this happens, EURUSD could be off to the races again while the dollar sinks a bit more, who knows!

Target Hit after the Judas swing
 

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Hopiplaka

My thanks go out to ICT - the life changer
My revised screenshot for my short.

That 1.3680 is being worked on, my guess is they are accumulating shorts here.
During FOMC a final clean before heading down? Or are all stops gone?

Time will tell, I'm still confident for my short...
 

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Hopiplaka

My thanks go out to ICT - the life changer
foreigner said:
Thanks for the reassurance Hopi, I think my problem was that I positioned myself poorly yesterday and got stopped out as a result, then I changed my mind on the market flow and began adopting other traders analysis rather than sticking to my own.
Trust the tools :)
 

foreigner

Est. 12480 Hours and Counting
I trust the tools I just dont trust the market makers..

just got stopped out at b/e on a short, I still believe in the sell model I just dont believe theyll leave the stops so positioning concerns me. will bow out gracefully on this one.

for now..
 

rwhen19

New Member
Hey Hopiplaka, where did you get the charts showing the divergence? Is it someplace you could just open a demo account? Thanks for the info
 

Hopiplaka

My thanks go out to ICT - the life changer
rwhen19 said:
Hey Hopiplaka, where did you get the charts showing the divergence? Is it someplace you could just open a demo account? Thanks for the info
Hi rwhen19,

For the stocks and Eurx/Usdx I use the same demo account as ICT for these charts, a free demo account by Forex Ltd:
http://www.forexltd.co.uk/study/opendemoacc/

I have set up 2 different profiles in MT4 for this, one (Stocks) that shows _DJI, _SP500, _NQ100
Another (Divergence) that shows EURX and USDX.

The Bond charts I get from a free demo account at Oanda.

Initially, these values are not shown by default, but if you go into the view menu and enable market watch, you than can right click inside the market watch window and click 'show all'.
Next you can setup a new profile which includes the USB05YUSD, USB10YUSD and USB30YUSD (the Y stands for Year and not Yield, thought I should mention this because I made this mistake in the beginning, that's why all my trades went into a loss instead of a profit ;-) ).

For other bond prices, and yields you can go to barchart and/or bloomberg as explained by ICT in one of the video's (part 3, starting from 01:00:00)
 

Hopiplaka

My thanks go out to ICT - the life changer
GdayFx said:
EURUSD @ 1.36550 higher or lower by Friday gmt?
My guess is lower, and this is the action plan for today I think.
Run the clean stops @ 1.3680 and then move down.

My longer term target (think end of Februari) is 1.3415, which is a nice SR level, but also a sweet spot reflection pattern from this months low (19th) to this months high (24th)
 

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foreigner

Est. 12480 Hours and Counting
GdayFx said:
EURUSD @ 1.36550 higher or lower by Friday gmt?
As we've been reluctant to move lower I would guess that a short term change in sentiment will create a push up evolving the current ABC correction in to a larger ABC forming swing 2
 

Hopiplaka

My thanks go out to ICT - the life changer
Hopiplaka said:
My guess is lower, and this is the action plan for today I think.
Run the clean stops @ 1.3680 and then move down.

My longer term target (think end of Februari) is 1.3415, which is a nice SR level, but also a sweet spot reflection pattern from this months low (19th) to this months high (24th)
So the first target was hit, anyone in for a NYO SELL trade @1.3610/1.3615?
Or maybe 1.3620/1.3625?

1:30 GMT news event, so that might be a trigger

The MM Sell program comes to fruition (I Hope :) )
 

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rwhen19

New Member
Hopiplaka said:
Hi rwhen19,

For the stocks and Eurx/Usdx I use the same demo account as ICT for these charts, a free demo account by Forex Ltd:
http://www.forexltd.co.uk/study/opendemoacc/

I have set up 2 different profiles in MT4 for this, one (Stocks) that shows _DJI, _SP500, _NQ100
Another (Divergence) that shows EURX and USDX.

The Bond charts I get from a free demo account at Oanda.

Initially, these values are not shown by default, but if you go into the view menu and enable market watch, you than can right click inside the market watch window and click 'show all'.
Next you can setup a new profile which includes the USB05YUSD, USB10YUSD and USB30YUSD (the Y stands for Year and not Yield, thought I should mention this because I made this mistake in the beginning, that's why all my trades went into a loss instead of a profit ;-) ).

For other bond prices, and yields you can go to barchart and/or bloomberg as explained by ICT in one of the video's (part 3, starting from 01:00:00)
Thanks again for the help Hopiplaka.
 

Hopiplaka

My thanks go out to ICT - the life changer
Hopiplaka said:
So the first target was hit, anyone in for a NYO SELL trade @1.3610/1.3615?
Or maybe 1.3620/1.3625?

1:30 GMT news event, so that might be a trigger

The MM Sell program comes to fruition (I Hope :) )
1.3615 it was, question is: will it continue lower, or bounce back, as we are in the sweet spot area for a long as well...
I think we go lower, we didn't fulfil the weekly range yet...
 

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foreigner

Est. 12480 Hours and Counting
Elliot Wave: Madness Quantified

Fair enough it acknowledges market psychology which cant be a bad thing and I can see a use for it as a rough pattern, like a Wolfe wave but counting every swing to determine two possible outcomes that can be established through market maker profile and swing projections? I dont see its worth the "cognitive expenditure" to form a core part of a trading plan, but thats just me..
 

Hopiplaka

My thanks go out to ICT - the life changer
Hopiplaka said:
1.3615 it was, question is: will it continue lower, or bounce back, as we are in the sweet spot area for a long as well...
I think we go lower, we didn't fulfil the weekly range yet...
This is what I'm eyeing for tomorrow. A (Judas) swing up out of LO and than all the way down to complete the MM Sell Model.
My final tp will be 1.3515. Next week they can hunt the stops under 1.3505 :)
 

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SLT

Official GDayFX.com Rep
foreigner said:
Elliot Wave: Madness Quantified

Fair enough it acknowledges market psychology which cant be a bad thing and I can see a use for it as a rough pattern, like a Wolfe wave but counting every swing to determine two possible outcomes that can be established through market maker profile and swing projections? I dont see its worth the "cognitive expenditure" to form a core part of a trading plan, but thats just me..
I know what you mean, nothing is easy, i stayed with AUDJPY and made 100 pips last night, eurusd was not my game yesterday! everybody is different, defining yourself counts.
If i don't like the look of it, i don't go anywhere near it, just like bad fruit
 

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SLT

Official GDayFX.com Rep
Remember this chart in Gdayfx corner, that was 200 pips ago... I am not going to get everything right, that's for sure! this trade came back and stopped me out break even, then took off to the moon

:showmoney:
 

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