what are YOUR thoughts on the cable and fibre TODAY

[eblip]

hi...
today i really can't call the cable and fibre...
i cant see which way the bias is...as the way i read the asian session is that price could move either way in the london and NY session..
i am too scarred to make a move based on my pivots and on my recent fib lines and support and resistance levels...

my bias is on the short side...but are we reaching a major turning point.... a little voice in my head says maybe..so im staying out of it....for now...unless you guys can point me in the direction of something more convincing .

the pairs could be starting to range a bit or flatten out from the recent downturns...i feel a little dissapointed that the clarity and the probability is just not there for me.....
is it there for you....

maybe its my psychology...maybe im itching to trade...

[SanJ]

eblip,

I see you've joined a vast majority and come under the wing of ICT
However, he advises not to trade today, its the first Friday of the month meaning its NFP today - Non Farm Payroll.. Big news release which usually sets the market in wild swings..

So its usually better to sit out today..

Anyway personally, i think the cable could be gunning to take out the swing low on the daily at 1.523. Fiber could be reaching to further gun down the 1.21 / and the big 1.2..

Anyway, trade with the trend, as ive learnt the hard way this month, its the much easier option..



P.S. Fight the urge to want to trade.. It will only ever lead to bad things.. Only trade when your system tells you to be in and be out..

[eblip]

hi sanj..
yes i was looking forward to seeing what the NFP results today....
i think im gonna sit out of it....as i dont like scalping.

im gonna do some study and catch up on some ict stuff...but its difficult to see all those pips happening and especially when they seem to be moving the way you thought...its very frustrating....i feel like the market is robbing me of what is rightfully mine............

anyway next week theres gonna be loads of opportunity to make amends with the market.

good luck if you decide to battle.......lets just hope i dont have to attend the memorial service on monday.

[K 2]

Been trading the trend for a month now and have bagged about 400 pips. It's always in the back of my mind that the trend can reverse. But the pound has been lower not so long ago and the economy is worse than ever.... So I'll continue to short in micro bursts with alerts placed at key levels. Must say I do love ForEx.com's ipad and iPhone apps for that.

As for the NFP report. I am sitting out until the market reacts, then I'll look to trade on any retracement.

Good luck everyone!

[Jezzode]

SanJ,

As much as I merit ICT for his evident contribution to what appears to be mostly newbies who want to know the fundamentals to trading a successful strategy, I am yet to see a real ratified and verified performance. I am of course talking of the likes of FXbook, or any other generic Forex profit and loss account that cannot be manipulated by the user. So many people following, and talking about what ICT does, and what he does not do...Im sure he is extremely experienced, but no hard copy of results...seems a little strange to me when its a rather easy task to set up and would re-enforce confidence into the his followers, and also the ever skeptical believes of others...

[eblip]

to be honest i think ICT may be good for some and not appealing to others...
im a real skeptic ever everything....

but with regards to ICT ..im on board and im staying on board....i like the videos....i like his thoroughness....and i know he knows his stuff...its up to you how you use his material....like i watched a video the other day and he mentioned pivots...and what may happen etc...

anyway i looked into pivots and read a few white papers on pivot points and trending and pivots and swings..and what they actually mean...and i will delve deeper.

ict is a guide..and its great to have such a good one...
im not bothered if the guy has racked up 10 milllion dollar losses this year...or if he has made 10 million pounds profit
....that is not the issue...

the issue is he is making me a better trader...and that is the top and bottom of it for me...and that shows by the trades i take and the trades i dont take.

but you are entitled to you opinion jezzode....just hope your not a little bit jealous of ict because of his popularity.
maybe you feel you deserve some credit...(maybe you do know your stuff...im not taking anything away from you)

well put your teachings down in print and on video and we will give credit if it is due...
there are lots of people here hungry for knowledge ...and if you got it...we want it...so start spilling the beans.

[Jezzode]

Hey,

I'm simply 'sitting on the fence' so to speak, and was airing a thought that may improve the believes of his followers. It's clear ICT's ethical thoughts are on the teachings of others, and as I said before I credit that. It is certainly not a matter of being jealous as I have approached ICT in the past for his thought on a few ideas of my own. The reason I did mention the ratified profit and loss account idea was to re-enforce the fact that profit can be made in Forex, which is taken as a myth by most newbies when they blow up an account and think that they did nothing wrong. This would of course go hand in hand with ICT's ethical manner of helping others. Look at it as a suggestion, rather than a complaint

[SanJ]

SanJ,

As much as I merit ICT for his evident contribution to what appears to be mostly newbies who want to know the fundamentals to trading a successful strategy, I am yet to see a real ratified and verified performance. I am of course talking of the likes of FXbook, or any other generic Forex profit and loss account that cannot be manipulated by the user. So many people following, and talking about what ICT does, and what he does not do...Im sure he is extremely experienced, but no hard copy of results...seems a little strange to me when its a rather easy task to set up and would re-enforce confidence into the his followers, and also the ever skeptical believes of others...

Hey Jezzode..

While i see where you are coming from personally, i will have to disagree with you here - as this topic actually quite recently came up in his thread.

ICT is providing us with a set of tools and showing us how he uses them in his trading - period. Of course, there are a thousand ways to trade the market, and of course more than his way will be profitable. The fact is, he is providing us his tools for free. No monetary investment of any kind is being asked for in return. Him personally therefore is under no obligation to provide his personal monetary proof of these concepts. Hes openly welcoming the use for us to take the time to try out his methods ourselves, and if we can like, use and implement them in our own trading, then we can.

In terms of his students, there are at least 2/3 who have set up their own trading journals in the daytrading section for all to see, and a lot of the time, setups and posts are done with pre-analysis before the major expected move has occured. Off the top of my head i know at least one of these journals is tied to a FXBook.

While the 2/3 students who chose to share their trading with the world can't account for his many hundreds of followers from this site alone, i can only now speak from my personal experience. I've only been doing this for under a year now. ICT tools and teachings have provided me with a great foundation to make some consistent profits over the last 2/3 months (bar this month). If his teaching lead me nowhere else from here, i know they'll at least be a step in the right direction as i've already felt ive learnt so much, not only about the markets but myself.

Personally, i dont feel the need or urge to start a FXBook to share with the world at the moment, not because i am lying or dont want to back up my claims of trades with real proof, but because, why should i have to? Lying to everybody on the forum and telling them i bagged 200 pips on a trade would get me nowhere as the likelyhood is ill probably never meet most people on here, and making the false claims will do nothing for my learning or my account. As long as i personally can see the difference in my own trading, and can see i am improving over my time, then to be honest, i couldnt care less if every member on here thought i was lying.

I dont intend any of my post to be taken offence by, just expressing my opinion. Like i said, he is not providing a service, its an open invite in him sharing his tools for us with a choice of whether to follow. He has said time and time again, if we dont like his methods, there is no obligation to stay.. But personally, i cannot criticize his teachings in any way as they've helped me off to a great start in my education here..

[Jezzode]

I certainly agree with your point of view regarding that he does indeed offer all of his material free of charge with no financial obligation. The view I was taking was not in any way shape or form attacking that aspect as it’s extremely generous, and a rarity as many traders/companies want to bag a hefty fee for this shared knowledge.

I have just seen many newbies start threads up stating that they can’t make profit, or don’t believe it’s possible for one reason or another. Of course, I’m not asking to see ICT’s entire trading account as that would be a ridiculous request, and deserves a rude reply as it there is privacy involved. But perhaps a low account, i.e. $1000 which follows his teachings would support newbies into knowing that ‘it can be done’ providing you are using the correct tools and principles.

[SanJ]

Dont quote me on this as it was happening in the forum a bit before i joined and got stuck in. Im sure a member whos been a follower longer can correct me but a while ago he started a challenge called the 'the million dollar challange' - i think, something to that affect anyway. In this he started with a relatively small amount and was showing that from starting with a small amount, small consistent gains over a certain period of time can be traded using his tools into a million dollar account. Ive got a lot of his backdated videos which shows he was posting i think weekly updates to show how the account was unfolding. That i think is exactly what your looking for, and i think, not 100% but i think it may still be going on as i recall somebody asking ICT how it was going and im sure he posted about the current progress of the account.

Give it a search through babypips you may stumble accross it, but yeah it was going on a while ago now - not quite sure why it all came to a halt tbh.

There's no doubt what your saying has merit and would show that it can be done, but personally speaking, if people want to learn to trade, they have to put their time into learning from somewhere. And if there lucky enough to stumble accross and make a start on their learning through his thread, i think a lot will be pleasantly surprised with the results..