Scout Sniper Basic Field Guide - InnerCircleTrader

[foreigner]

Re: EURUSD - Yield

EURUSD - Yield

Is this the top in the Euro? You decide.

"1. When open interest rises during a rally, it confirms the uptrend and gives a signal that its safe to add to long positions. It shows that more short sellers are coming in to the market. When they bail out, their short covering is likely to push the rally higher."

I wonder where there's a ton of juicy stops..Oh look, a trend line!

Note we have not broken daily market structure and even if we do, the fat lady hasn't sung in my novice opinion.

Theyve been selling in to this market since red october, when it finally rolls over it should be spectacular. Waiting for COT to confirm.

 

[SLT]

Definitely no conformation in selling this market yet is there, no broken market structure, just bullish bias, needs a swift reversal to think any different

 

[SLT]

Hey foreigner, if you go to a Monthly chart, draw the fibs from previous high and low, there is a Monthly order block on the OTE mate! If we hit it, it could be your dreams come true, and mine 8)

 

[SLT]

Pop Quiz - What does the 1.38 big fig represent?

 

[foreigner]

Pop Quiz - What does the 1.38 big fig represent?

It represents a few things including an inversion level and a weekly point of return but what I think your getting at is that its the start of a three year old OTE zone?

 

[jinirav75]

The point you pulled the Fib for a hidden OTE?

 

[walshman]

Hey foreigner, if you go to a Monthly chart, draw the fibs from previous high and low, there is a Monthly order block on the OTE mate! If we hit it, it could be your dreams come true, and mine 8)

I have been watching that area since this past fall after I discovered :hail: ICT :thumbsup: and watched his videos. I put a pending sell order at 1.4150 way back then to see if it reached it.

 

[SLT]

This was a good set up through the week, need to see what unfolds

 

[SLT]

finally made up those excellent ICT fib settings

 

[sqa]

One of the fascinating bits I've found is that "major moves" in a pair normally create their own Big/Mid Figure OTE. It gives you a solid idea about where the shifted market structure is operating around.

It's also fun to pull the OTE fibs on the Weekly chart. You'd be surprised what you find.

 

[PipPimp]

This is my EU short trading idea, what do you guys think?

 

[foreigner]

despite the rising open interest I think we could see some short term weakness in eurusd before they blow the top off..

I say that because the volume came in well after we made a new high.

Bonds look bid as does USD

 

[SLT]

Buy Limit Hit on Pound, text book set up
a couple of factors in this set up
A big January high confluence with HTF 618 fib point
OTE fib level
Order Block on M15 chart
all found support
During London days low
& a big fig

 

[PipPimp]

Yes i think you are right, I am looking for a buy around the Daily Pivot point, it clusters with the hourly order block, and an hourly OTE level...around...1.38995

despite the rising open interest I think we could see some short term weakness in eurusd before they blow the top off..

I say that because the volume came in well after we made a new high.

Bonds look bid as does USD

 

[foreigner]

Re: EURUSD - Yield

"1. When open interest rises during a rally, it confirms the uptrend and gives a signal that its safe to add to long positions. It shows that more short sellers are coming in to the market. When they bail out, their short covering is likely to push the rally higher." - Alexander Elder

Yes Mr Elder, but we're not in a rally, we're at a new high. Who in their right mind adds to longs at a new high?

Theyve been selling in to this market since red october, when it finally rolls over it should be spectacular. Waiting for COT to confirm.

So the question is, does a commercial unwinding of 50000+ contracts constitute COT confirmation?...

 

[sqa]

They're setup to capture the down move. Though the real problem is pretty straight forward: no one's economy is doing great. It's massive muddle.

Though the "hints" inside the pairs I'm watching is a setup to move towards a higher USD on the FOMC Wednesday. We're probably not out of the muddle for a while, but that would make sense given everything that I can see.

My first & primary pair is USD-JPY, and it's setup to make a run at the Quarter Low, grab that liquidity and go higher. Major part of the analysis comes down to hovering at a major Buy OTE for most of the last Month.

 

[sqa]

This is my attempt to be "eerie": a GBPUSD trade.

This is before FOMC, and the price (by my demo account) is 1.6593.

I'm calling 1.6730 as the Up Judas Swing, before running lower. I'd expect 1.6400 within 2 weeks.

Let's see how this works.

Edit: Over estimated the Judas Swings. It only moved up 60 pips before dropping. Next pocket of liquidity is around 1.6450.

 

[Kuzia]

At last our long-awaited TOP lol. Lost money 3 times guessing when the TOP would form. Following MS would have lost just once. Lesson learned

 

[sqa]

At last our long-awaited TOP lol. Lost money 3 times guessing when the TOP would form. Following MS would have lost just once. Lesson learned

Catching Judas Swings has something of an art to it and, at the moment, the only thing I've really grasped well.

The basic & important points to look for:
1) Since this is a News Cycle event you're trying to catch, it has to move to a larger pocket of Liquidity.
2) It will hit an OTE, but it's going to be a High Time Frame one.
3) Though the OTE tends to bridge off a Hidden level.
4) Look where the consolidation points over the last Week are.

In the GBPUSD from Wednesday, March 19th, you can see it ran up into Friday-to-Monday consolidation before running down. The OTE was a Sell formed off of the Hidden S&R @ 1.6680. Which I had marked up, but I thought they were going to make the start of a Multi-Quarter run, so I was hoping for a retrace up to the 1.6750 range to catch before the huge move. Didn't happen, but no biggie.

 

[marcusmcneice]

Quick Question: I was reviewing Video 7 of the series.. and ICT mentioned he was going to share the ADR and Prev. Day Hi/Low MT4 indicators. on the thread. Has he had a chance to share with the forum yet? I see the Asian Range Indicator on the first page, but I have read all the post in this thread (thanks a lot of reading, LOL)... I did not come across it... maybe he has not had a change to post them on the site yet.

Thanks guys.