Scout Sniper Basic Field Guide - InnerCircleTrader

[Hopiplaka]

There is Massive Divergence between USDX and Fiber somehow I think price will rally before going down, idk probably ill stay out of market till tomorrow

Indeed, there is a divergence, so I'm with you, EURUSD will rise, probably clean the stop @ 1.3680 to complete the MM buy program

If LO retraces to 1.3515/20 I'm a buyer

 

[Hopiplaka]

Indeed, there is a divergence, so I'm with you, EURUSD will rise, probably clean the stop @ 1.3680 to complete the MM buy program

If LO retraces to 1.3515/20 I'm a buyer

LO made a nice retracement into the 1.3515/1.3520 area. Next upside objectives are 1.3550, 1.3570 and 1.360(3)

 

[Hopiplaka]

LO made a nice retracement into the 1.3515/1.3520 area. Next upside objectives are 1.3550, 1.3570 and 1.360(3)

All upside objectives met for today as far as I'm concerned. We had a deeper retracement than expected, but in hindsight all looks normal (i.e. a nice stop run).

WE might see a retracement to 1.3550 and than blow the stop @ 1.3680 tomorrow during NFP.

 

[foreigner]

For those who believe in the (false?) MM Buy program and trade the NYO, price is holding above the Key Support Resistance at the moment.

Im not sure what you were trying to relay in this post, What did you mean by false MM Buy program Hopi? can you elaborate for us?!

 

[Hopiplaka]

Im not sure what you were trying to relay in this post, What did you mean by false MM Buy program Hopi? can you elaborate for us?!

It's in reply to Kuzia's post (#770), where he expects that the retracement will stop at the second red box (1.3650) level. So it will not be a full MM Buy model, which should go to the second green box (to clear the stops @ 1.3680 and above).
This is plausible because it's in the 61.8/70.5 retracement level of the high of the 24th Jan to the low formed on Friday 31th

So it's not that I questioned that it was a MM Buy model, but more that we see a full blown MMBM or a false one.
Still my money is on a full, because the stops @ 1.3680 look too clean, and we 'only' made around 150 pips this week, and it should be around 200-220. Which brings us at the 1.3690 level tomorrow after NFP >

So action plan for tomorrow: watch the 1.3550-1.3570 level just @ NFP news release and ride it all the way to 1.3680/90

I'll have an extra eye focussed on bond prices just before NFP release.
What I expect in near term is divergence between bonds, where bond prices will go up again, yields down, USD up, foreign currencies down. SO we'll continue our downtrend to 1.33 and lower
I also expect a divergence between USDx and EURx, which will confirm my longer term short bias

 

[Hopiplaka]

So action plan for tomorrow: watch the 1.3550-1.3570 level just @ NFP news release and ride it all the way to 1.3680/90

I'll have an extra eye focussed on bond prices just before NFP release.
What I expect in near term is divergence between bonds, where bond prices will go up again, yields down, USD up, foreign currencies down. SO we'll continue our downtrend to 1.33 and lower
I also expect a divergence between USDx and EURx, which will confirm my longer term short bias

The first red box was formed during LO, went to the 1.3550 level.
Let's see what NFP brings...

 

[goodpunk6]

Yesterady's NFP was a great opportunity. I hope everyone was able to take advantage like I did. Thanks to this trade I took 170 pips this week. Thanks again ICT!

http://killingitictstyle.blogspot.com/2014/02/13640-and-80-pips.html

 

[sqa]

I *almost* did. I only misjudged the Judas Swing, so I got stopped out at the top, then a massive drop and rise on the USDJPY.

It's weird to be both "right" and your Demo account hit the Stop Loss as well. But, hey, gotta learn.

Nice job goodpunk6.

 

[walshman]

Fellow ICT Alumni

This is my first post with attached charts and my humble analysis .
The first chart is a 15min EUR/USD with my identified S/R levels. I drew a fib from a hidden optimal trade entry level of 1.3750 down to the low on Monday Feb 3.
onder: I feel the market will take the Euro up to the OTE levels to take out the liquidity waiting there onder:.

The second chart is where I think we will go first next week before we continue up to take out the liquidity around the 1.3680 levels identified in my first chart.

All comments and criticisms welcome oke:

PS: :hail: Michael (ICT) Huddleston is AWESOME bnj:

 

[walshman]

:durr: Oops, saved files in the wrong format :durr: hope they show up this time.

 

[jack]

(Removed the PDF files you didn't mean to post.)

PS. I approve of your liberal use of smilies

 

[Hopiplaka]

:durr: Oops, saved files in the wrong format :durr: hope they show up this time.

Great graphs Walshman. I'm with you. I thought we were going to see the stop run @ 1.3680 last week during NFP, but I guess we'll have to wait a bit longer

 

[Kuzia]

I think max we will go this week is to 1.3650- 1.3680 and drop lower in overall trend, I would like to see Seek and destroy week though

 

[StackingPip]

I think max we will go this week is to 1.3650- 1.3680 and drop lower in overall trend, I would like to see Seek and destroy week though

I have a similar projection. I really think that the market may reverse this week. We have hit the 62% retracement on the Daily. If we look at 'it without considering the wick, it is an OTE for short.

Now, my question to the market is the following:

- Will you rally up and make a false breakout or Turtle soup pattern?
- Will you just simply head for lower level?

I guest LO will show the momentum on monday.

Seb

 

[dougl1965]

question:
does anybody have an excel file or even better an open office calc file that handles the forex position sizing for their trades? I found something but wanted to check here to see if something better is out there?
thanks,
dougl

 

[sqa]

Do you mean something with Input-option for "Current Equity", "Risk %" and "Pips Risked"?

If so, in USD (not sure if using Crosses from a non-USD based account changes the valuation), it's "((Equity * Risk%)/Pips Risked) * .1)". That'd render the Lot size.

The full calculation has two position shifts to move from Pip Value to Controlled Lots to "Lot value of 100,000 units".

 

[dougl1965]

yeah, pretty sure we're talking about the same thing? sorry if this isn't the right spot for it too. I'm looking for a file, after entering or acquiring the mt4 info, it gives you the number of lots to risk, etc.

 

[Hopiplaka]

yeah, pretty sure we're talking about the same thing? sorry if this isn't the right spot for it too. I'm looking for a file, after entering or acquiring the mt4 info, it gives you the number of lots to risk, etc.

In the past I have used the tool from babypips:
http://www.babypips.com/tools/forex-calculators/positionsize.php

 

[sqa]

yeah, pretty sure we're talking about the same thing? sorry if this isn't the right spot for it too. I'm looking for a file, after entering or acquiring the mt4 info, it gives you the number of lots to risk, etc.

The Babypips calculator will work fine. Most places (at least as a US-based resident) limit to .01 of a Lot (so 1,000 units), so that's MicroLots. Though MT4 mostly takes it as .01 increments.

 

[Tansen]

The Babypips calculator will work fine. Most places (at least as a US-based resident) limit to .01 of a Lot (so 1,000 units), so that's MicroLots. Though MT4 mostly takes it as .01 increments.

MT4 can only read as low as 1000 unit increments. Any lower you might have to use the platform provided by your broker.