I am still at that stage, finding what works for me. I am not trying to make myself think like ICT, we all have our own profile and thus trading style.
It just feels like I have the materials (training and review videos) and tools (fib, indi’s) to build a house. I am probably making the frame, the door, the window etc pieces by pieces, whether correctly or incorrectly (just like the wins/loss trades). But I am still not sure how all these should be put together as a final piece ( i.e. consistently good/profitable trades).
I agree,
By far Im not using all the tools ICT has presented.
What I meant, and I believe what Palmy meant as well, is for example:
when does the traders trinity work best? Is is in a trending or ranging environment (lets say on an H1 timeframe)As I do believe that certain tools work best during specific market environments…
Armed with this knowledge we would know how much weight we should lay on those signals, and when we should disregard certain signals all together…
not sure if its clear what Im trying to say haha
but I definitely agree with you, that we need to find our own set of tools and a model that works for us… but I would prefer to have 2 sets of tool and 2 strategies… one for range and one for a trending environment…
Not quite the same though, with trading you get this kind of thing- place a trade and it goes right, however there is the possibility that it was a trade that you should never have entered to in the first place and 8 times out of 10 you enter that trade it will lose.
With a door, you know if it’s right or not, i.e. it works, it opens and it shuts, do the same again it open and it shuts, NOT the case with trading.
But yes, the principle is right, but it’s never hard and fast with Forex.
congrats.
during NYO I will see how things look…
for now, 1.6050 and 1.2930 look tempting for a reversal (if there is one…)
Proud that I let this one go even if it would have made me money… happy because I sticked to my rules;)
Ok, all you guys that have been shorting the EURO, you should not be congratulating yourself on any pips you got, at best you should be going, phew I didn’t make a loss, it was playing with fire.
this little spike south in cable was actually an bull OTE from todays low to high… but didnt get in… want some clearer signals and I want them during Killzones please hahaha
That 1.3000 level looked really promising for a 20-30 pip scalp, a bounce in other words. But looks like it did not materialize. However its best to wait for a long signal to get in sync with market structure.
I’ve started to investigate the use of Thomas Demark Trendlines (sometimes used by Chris Lori) as an alternative method to assist is removing some subjectivity from identifying the trend and the points from which to pull the fibs to ID the OTE.
But please take a look at my posts on today’s view.
