Scout Sniper Basic Field Guide - InnerCircleTrader

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GdayFx said:
USDJPY - ICT talks about market shift right? in this case i think it has already done so, so are we on a Judas Swing long? im not sure it will get to 100 again, any comments? here is another Eyebrow chart for Tansen son, Ogenki Desu Ka! see the big Eyebrow :eek:

GENKI BOWL!
 
EURUSD - Target hit sold off nicely, corrective moves?
 

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Pound has been following the Chop Stick Chart fairly well!
 

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Hi ICT,

First of all, thank you for all the tremendous work you've put into making these video series.
And the previous ones as well of course :). I feel all the pieces come together now.

I do have a question though. In your videos you emphasize the importance of following the news. You mention in part 4 that you watch 'key' news events for the coming month (you mark them on your calendar).
I know you do not trade the FOMC, but would you mind telling us what events you follow?

Is it just all the high and medium alert news items for USD + GBP/EUR (like you showed in a previous video, can't remember the title at the moment), or can you pinpoint exact news events, like 'CORE CPI' or 'Unemployment claims', ...?

Again, thanks for such a generosity!
 
USDJPY - Wondering if Yen is re aligning with the dollar, then makes another run for the highs...
 

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Educational for new traders - You never stop learning, so don't give up if you think you have what it takes! It is important to follow Daily charts, to determine directional bias, and when to start hunting for trades. This example chart is clear on how to firstly find major market shifts in the market, then work off these big order flow block levels, later in time! Believe me, i have only been doing this for 2 years, and every day i learn! so i am sharing this with you ;) Note - A B's are 3 way pullbacks in the market providing areas of consolidated blocks.

I also tend to think commodity currencies are more stable than others using these concepts.
 

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You can even draw fib points from major swing points like this, and see the price action around these sensitive levels, look at the drop off from the the sweet spot last year in the bear market. smaller time frame provides plenty of good entries right up till now.

(Typo in pic 3, Oct high is actually Aug high)
 

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GdayFx said:
Educational for new traders - You never stop learning, so don't give up if you think you have what it takes! It is important to follow Daily charts, to determine directional bias, and when to start hunting for trades.

:thumbsup:

Dailies and 4h charts are great for that. I've started to gravitate toward 4h charts for general trend and keep dailies in mind for opening/closing price points on important dates.

That being said, I'll still go against the trend if the signal is there and the short term support it. If my analysis on a 30m chart make the scalp on 5m desirable, I'll take it... but I don't think (in the context of this thread) ICT works with much under 30m, so I digress.
 
Yes, I'm going towards daily&4h charts and have found them very useful. "Never take a trade if it's not supported higher time frames". Thank God for forum like this and people in here:)
 
Sybrand said:
Hi Foreigner,

Go to this site: http://www.cftc.gov/MarketReports/CommitmentsofTraders/HistoricalCompressed/index.htm

Now download this:
ranp61.png


Extract and open the excel file. Click the arrow in the top left corner to select all cells. Double click in between two columns to automatically adjust the width of the columns so that you can see what is written in the header:
2rr8c1y.png


Now delete all the unwanted cells and columns:
2z6gpab.png


These columns are all that you need to see:
2vnfjfq.png


I have prepared one for you where I have removed everything but GBP USDx and EUR and deleted all the other columns. You can download it here: http://www.files.com/shared/521eebf151495/Example.xls

Now look at the dates and compare how positions are opened then in the next week closed and compare the data between the currency pairs. You should now be able to see what I am saying by how you can actually see how they move the money around. Also note that they sometimes open new positions in the opposite direction before taking profits on their old ones. You can download the history all the way back to 1986 so feel free to dive into this if you want.

This is the only REAL indicator in the markets that I know of. I would love to find another one :) This is not a SMA or Stochastic. It is real money being moved around by the commercials. You can set bar chart up this way to get a visual presentation on this data: http://www.barchart.com/chart.php?sym=E6U13&style=technical&template=&p=WN&d=L&sd=&ed=&size=M&log=0&t=CANDLE&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=COTLC%2813369344%2C26112%2C153%29&chartindicator_2_code=COTLC&chartindicator_2_param_0=13369344&chartindicator_2_param_1=26112&chartindicator_2_param_2=153&addindicator=&submitted=1&fpage=&txtDate=

If you are still unclear on the basics, go watch ICT's video: "Trade Forex like the insiders" or go out and get yourself a book by Larry Williams called: "Trade Stocks and Commodities With the Insiders - secrets of the cot report"

I can unfortunately not make sense of these numbers for you, you will have to make sense of them yourself. What I was talking about should be pretty clear to you by now. If it is not, please watch the video a few times and don't skip reading that book. If you have done that and still have questions then please ask, there might be people around here that know allot more about it than I do.

I hope you use this wisely as I think it's the most powerful tool in the forex market.

All the best to you,

Sybrand


is everyone else's cot data a month old?
 
Tansen said:
Looking at the COT compared to the bonds

COT says their shorting, bonds says buying

Haha! Yes, I've also noticed many times that the COT appears to do the opposite. I think it is a good future prediction of where the markets could head but many times its given me confusing signals!! :eek: Anyone else got some good views on this?
 
FX Pulse October , its free to register if you cannot see the report, log in then come back to this link, or find it under the latest institutional research link. Its a good read on what the big guns are thinking or doing...

http://www.chrislori.com/Members/Quick-Links/inst-report

This is from one section of the Article... published on the 17th Oct

During the uncertainty of the past two weeks, the EUR has
proved to be the most stable of the G10 currencies, reflected
in EURUSD volatility moving back towards the lows seen in
2012, which were the lowest levels since 2007. This has also
been consistent with EMU financial market indicators that
have been providing a EUR-supportive picture. Peripheral
EMU spreads have narrowed further, while risk-adjusted
yields have also improved, suggesting a reduction in EMU risk
premium. While the EUR may gain some support from this
positive news and developments in the near term, we believe
the EUR is in an increasingly vulnerable position given that
recent gains have taken the EUR to the upper end of the
longer-term range on a trade weighted basis. Indeed, with the
EUR now likely to be more fully pricing in favourable EMU
fiscal conditions and financial stability, we believe the EUR is
vulnerable should the markets’ optimistic scenario not play out
 
EURGBP - This could be carving out a bearish structure

Article - Our assessment of UK economic prospects and the GBP
outlook is constructive, at least relative to the views of GBP
bears we often meet. But much of the improvement in the
GBP’s prospects, particularly against the USD, already may
be reflected in the price. In contrast, we believe that markets
have not fully priced the downside in EUR/GBP and propose
selling EUR/GBP rallies at 0.8480, risking 0.8600 for a move
to 0.8100.
 

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I wonder if gbpchf is finding some nice long term support here, for buys only, weekly chart added. or even gbpnzd
 

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I am looking for Gold to the upside and Pound Swiss, no trades entered yet. Any calls! :party:
 
Get ready for NFP, this could be a whip crack to the bulls buck! or a sword to its throat. Saddle up! >:D
 
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