Scout Sniper Basic Field Guide - InnerCircleTrader
- Thread starter TheInnerCircleTrader
- Start date
GdayFx, you're doing a great job mapping out your analysis and projections in advance though these charts. :thumbsup:
The best part is, even if you're wrong on a given move, by putting this work in you're making a clear picture for when you're right and when you missed the mark.. which then makes it easier for you to hold a trade when things work, and bail when they just aren't lining up to what you anticipated (ie, not holding onto a cruddy trade.)
Just be nimble, as it's important to trade what you see as the market changes. Don't try to project too far into the future in that respect, as some other force in the market might change things by the time we get there.
The best part is, even if you're wrong on a given move, by putting this work in you're making a clear picture for when you're right and when you missed the mark.. which then makes it easier for you to hold a trade when things work, and bail when they just aren't lining up to what you anticipated (ie, not holding onto a cruddy trade.)
Just be nimble, as it's important to trade what you see as the market changes. Don't try to project too far into the future in that respect, as some other force in the market might change things by the time we get there.
Jack said:
Thanks Jack, nimble indeed, any layed back broad view of the market is what i like, one thing i like to have, is any one trade on a big run! speaking of which, have you looked at EURCAD, it could be about to make a violent pullback from its recent run since early August, i am watching for signs to sell it, watching CAD pairs actually
It will be interesting when ICT talks about how far to let trades run, essentially that is picking a top or bottom. Michael has helped me to understand the markets in greater depth indeed, understanding order flow and spotting when its taking place, is a great thing. Chris Lori is always talking about order flow, he has a good understanding about what banks do i think, the money movers! hes also talking about USDCAD heading pretty high (needs a bottom first), and AUDJPY selling off to greater depths in time. but he can change his view, like anybody can, though its good to have feedback on anything you are interested in indeed. I use elliott wave for determining how far price will possibly go.
can anyone explain why ICT (according to his tweet) bought eur/usd at 1.35579? I can understand if he had bought at 1.35447 (8.45GMT) + sweet spot from fib off 8.45gmt low on 11 oct and 05.45 gmt high on 14th but cant figure out why he chose 1.35579. Why was 1.35579 significant?
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The biggest possible opportunity i can find for this week could be GBPNZD, stop raid complete, price sits on 1.90 big fig, it also sits on two previous monthly opens, very important, so i am going long the pair with a tight stop, wish me luck! :'( and just to note, pound has been tanking, and kiwi has been rallying...
Looks like i jumped the gun, next stop is a high time frame order block
going against the no brainer dont work sometimes, Just hit the Feb high though, looking stronger now..
By the way, any Metal fans here? as in Platinum, possible reversal in play, xptusd if you do the homework...
Looks like i jumped the gun, next stop is a high time frame order block
going against the no brainer dont work sometimes, Just hit the Feb high though, looking stronger now..By the way, any Metal fans here? as in Platinum, possible reversal in play, xptusd if you do the homework...
brians1128
Well-Known Member
GdayFx said:The biggest possible opportunity i can find for this week could be GBPNZD, stop raid complete, price sits on 1.90 big fig, it also sits on two previous monthly opens, very important, so i am going long the pair with a tight stop, wish me luck! :'( and just to note, pound has been tanking, and kiwi has been rallying...
Looks like i jumped the gun, next stop is a high time frame order block
By the way, any Metal fans here? as in Platinum, possible reversal in play, xptusd if you do the homework...
hey Dan,
im looking for lower prices on the gbp/nzd. theres some strength in the metals and i see it reaching down to a key level on a weekly chart which happens to be in an order block.
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