Scout Sniper Basic Field Guide - InnerCircleTrader

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Peterma said:
Just to add, a very simple, but effective technique for entry on big USD news days - once your USD bias is established (e.g. USD negative), at LO, set a limit sell at the USD/CHF Asian Session High, obviously the AS low for a USD buy.

Check it out - you'll miss very few, risk is nice and tight - TP? add ON about 20% to ADR.

The power of the Asian Session - ICT times - 00.00 to 05.00 gmt :)

The problem remains - having a bias running into NFP remains a "crap shoot", to paraphrase ICT.
 
Ok what I learned from ICT is that each 3 months or so there is a shift in bond market and now looking at USDX daily chart I think we might get that shift this month. p.s (this is bond yields that foreign currencies are following)
 

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I have been waiting for this shift in the market since early December. If you add the gswiss10 to your chart the divergence really jumps out.
 
Is anyone seeing opportunities out there? if you are, hit me with it! show me what your thinking ;D

I will show you mine :eek:

Kathey Lien is a very good market analyst i tend to think, she knows currency markets very well fundamentally, so following my NZDUSD technical set up, seems to be lining up with what she says to be, is that Kiwi could have some more upside this year. here is a chart i made at the end of 2013 and a chart now, price bouncing off the 2014 open like a bull out of the gate! Also the pair is breaking out of a ranging channel, break out??? :nickleflip: If it fails to reach the November highs quickly, then the party could roll over into a huge downside...

This is not the only pair that has potential either...
 

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Well the new moon has told me to only follow 5 pairs now, not 25...
I have come to the conclusion that there are so many opportunities each day. that i only need
to catch 1 or 2 a week, as an action trader. I think i know how to trade long term and short term... but i will be putting my concentration to EURUSD GBPUSD EURAUD GBPAUD & EURGBP for mainly day trades. I made this decision after missing a 200 pip trade today, due to not paying attention to the set up! So can someone slap me?
i have not been able to decide for a while now, what strategy i should stick with. So i have made up my mind... ICT is right, you only need to follow a couple of pairs or so. I could be a bit late on the up take, but hey, i like to know what works and what doesnt work, thats why i have been pushing myself and all the strategies i can think of, to weed out what is and what isnt! I have been trading/learning for nearly 2 years now... non stop! So do you think i have learnt to loose? We all loose! and we know when we get hit, its time to take a look at our selves and renew our thoughts. even if we make the same mistake again, you will pass it up quicker than you did before! and move on to the next set up!
cheers, Dan

this is the bounce i missed today, though i caught the sell from the black box, 300 pips, then i missed another 200 today, off 1 pair!!!
 

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Hi GdayFx

I too am in the same boat. Having missed on numerous opportunities in last week I am now revising my strategy and will concentrate only on few pairs. Good luck with your trading.

I am currently looking at EURAUD & GBPAUD for short opportunities. your thoughts would be welcome. Both of them look identical though.

GL
 

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Shaan said:
Hi GdayFx

I too am in the same boat. Having missed on numerous opportunities in last week I am now revising my strategy and will concentrate only on few pairs. Good luck with your trading.

I am currently looking at EURAUD & GBPAUD for short opportunities. your thoughts would be welcome. Both of them look identical though.

GL

Thanks, and you to
I will also follow eurnzd & gbpnzd i dont think i can give up those pairs,
Could be a bearish pound aussie...

Look at the difference between these two pairs euraud & gbpaud, longer term, hence EURGBP has been weak!
possible turn around in gbpaud
 

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another chart for it... this is what i am seeing anyway
 

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GdayFx said:
Well the new moon has told me to only follow 5 pairs now, not 25...
I have come to the conclusion that there are so many opportunities each day. that i only need
to catch 1 or 2 a week, as an action trader. I think i know how to trade long term and short term... but i will be putting my concentration to EURUSD GBPUSD EURAUD GBPAUD & EURGBP for mainly day trades. I made this decision after missing a 200 pip trade today, due to not paying attention to the set up! So can someone slap me?
i have not been able to decide for a while now, what strategy i should stick with. So i have made up my mind... ICT is right, you only need to follow a couple of pairs or so. I could be a bit late on the up take, but hey, i like to know what works and what doesnt work, thats why i have been pushing myself and all the strategies i can think of, to weed out what is and what isnt! I have been trading/learning for nearly 2 years now... non stop! So do you think i have learnt to loose? We all loose! and we know when we get hit, its time to take a look at our selves and renew our thoughts. even if we make the same mistake again, you will pass it up quicker than you did before! and move on to the next set up!
cheers, Dan

this is the bounce i missed today, though i caught the sell from the black box, 300 pips, then i missed another 200 today, off 1 pair!!!

I know what you mean, when you attempt to follow to many charts they can start to blend together and cause your analizing to suffer and miss opportunities :'(. I have to constantly kick myself to stay on course. You are definitely moving in the right direction :thumbsup:

ps: Your trade ideas you share are great to review, Thanks :)
 
walshman said:
I know what you mean, when you attempt to follow to many charts they can start to blend together and cause your analizing to suffer and miss opportunities :'(. I have to constantly kick myself to stay on course. You are definitely moving in the right direction :thumbsup:

ps: Your trade ideas you share are great to review, Thanks :)
No problem at all, would be nice to see EURNZD run for new highs, nice bounce of support in the mean time
 

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Short these to puppies, hopefully they keep on truckin..... that's it for me today 10.30 am Aussie time, might be back tonight for London
 

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Great insight by John K on the Euro

http://www.youtube.com/watch?v=5Q1G_Mhk4Kc

My EURUSD daily forecast in the Corner, turned out to be on the right side of the market, see if i can predict tonight's outcome, 2 of 3 done and dusted, will we see a big Judas? or will the bears blow me out of the water!
 
Back at it. Done for the week.
1.3680 OTE http://killingitictstyle.blogspot.com/2014/01/13680-ote.html
 

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Short as per ICT's Webinar outlook

& stops just got smashed... what a shit week
 

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now i feel bad about my fiber long ;) havent seen the webinar yet. went long 1.36, first tp at 20 pips taken though. leaving remaining position run for 1.3650 with stop BE
 
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