You have to read some books and do some trading (preferably on a demo account), but unlike most traders you should focus on higher time frame charts like Daily and Weekly (maybe even H4 if your time allows) as they are slow moving and you need less time to analyze.
We can try to see what are the trading results using different time frames and we will come to know which one is best suited to us 
ICT is a hoaxer, that’s the truth… lots will probably argue with me but that’s because they haven’t watched his material critically/completely enough to spot the holes and inconsistencies. That’s not to say he doesn’t say a lot of things that make sense, but he offers NOTHING that isn’t already in the babypips school. He’s a scumbag with a screw loose almost as bad as the SUPER scumbags selling systems that don’t work in the long run… only instead of stealing your money he’s going to steal the faith you have in yourself as you watch his fake trades win while your real ones lose and come to believe you’ll never “get” it. Want his “secret”? Trade with the trend, enter on pullbacks, use fibonacci to set your entry and exit targets… that’s really all he offers in hours and hours and hours of material… time I wish I had back.
There is no such thing as automated trading… even using algos that place and close trades without your input is completely discretionary because none of them will be profitable in all market conditions and it’s up to you to decide when to use them.
I’m at least a year and a half in since I discovered forex, but it’s taken me this long to figure some things out, discover a trading style I can use with discipline (strict rules based), go live, and string together two profitable months . I’m very happy about where I’m at and I’d be surprised if many success stories go much faster (I don’t work and I find trading interesting enough that it occupies at least half my waking hour must days). Having said that, I know I’m just beginning because now I face the same question algo traders do, my rules are working now but I know they won’t always how do I decide when to modify or abandon them? How will I recognize a time in the future when it will be safe to use them again?
Some things I believe confidently at this point…
1 No one who’s highly successful at trading has ANY motivation to teach strangers how they trade, period, and if they did it wouldn’t work for you anyway.
2 You must “invent” your system in order for it to work for you, that doesn’t mean it has to be wholly original but there had better be a lot of your ideas in it or you’ll never trust it enough to stick with it.
3 Most people on trading forums are unsuccessful or marginally successful traders (see #1) be very very careful how much negative feedback you take in from them, MANY of them are only here to convince themselves and others it can’t be done.
4 If you don’t find trading pretty interesting when there’s no money on the table then your time might be better spent figuring out how to get paid for doing something you DO find extremely interesting even when no one’s paying you to do it.
Everyone expereinced their firt with forex trading. I usually thought that reading lot and lot of books can give me a better insight with forex. But as you mentioned, I almost forgot all of them. I thought that you shoulf practice after each indicator or method that you just read, to make sure that you can understand throughly and remember all of them. The first time I read about candlesticks, they are confusing and I cannot boost myself to learn all of them by heart. Yet, I use them day by day, and then I just realize that I can recognize the special japanese candles without reading any books. So practice is the key. ALong with practice, you still read books and then you can beat forex. You can also use some tracking-level program to help track your trading level. After 1-2 week, I have traded many pairs, and then after such time, I would use the tracking tool to see whether my skill is improved or not
Hey Wheels,
First off, Im not going to Put ICT on the Ol Mighty Chair and raise it above my head yet, but You know what, Ive learned more in the last month then I have in 6 years from following ICT.
He is a Hoaxer because he took your time? Pretty sure he didnt MAKE you watch 200 hours of boring redundant material. You were looking for a direction, and just like money, YOU choose to invest your time.
Im not sure why everyone is so hard on the dude. Who cares that he blows account after account, ITS HIS MONEY, or demo, who cares…
But he still comes back, he still trys to find angles, but most of all, he shares his findings.
Everyone is mad because they didnt get direct entries and exits, or the silver spoon feeding them the information needed to successfully gain profits.
There is so much more stuff that the closed eyes and ears dont see or hear. There are hiden bits and peices that make it all come together.
What he forces you to do, is pay more attention to the obvious. But its not obvious to the blind and def looking for a free ride in the most shark infested career you could even associate yourself with.
Screws loose, we all have a few in some form or fashion, no? The dude doesnt like to lose, and I relate, because I dont either.
I havent used indicators in a month, and Im at the top of my game since.
Everything is in pieces, scattered about from video to video. He did it like that on purpose. Like His silence videos, there is reasoning about them.
Now, Like I said, Ive been following him for a month, and he is freakin rockin the charts. Like today for instance, How many here knew EURGBP was going to hit .77473 ( my exact line marker), actual was .77475 today? THAT was the target!!! It went right to it.
I knew there was hidden agendas in the market place, and after knowing WHy, WHEN, and HOW, they would react at certain times and prices, it allllllll opens the flood gates for me.
You say some stuff makes sense, but burn him still? Not asking for a dam dime in return, but still, throw rocks…
There are Forex gurus afloat everywhere… Wheather they are mentors, or signals serives, they are nothing but BS. How you going to charge $196 a month, BUT ONLY CLEAR 6% FREAKIN A YEAR?
Then you have Reza. A know fraud, Thief, and BSer, But milky all these people for $95 a month?? Opps, let me fix that, its not $95 a month anymore, HE FREAKIN RAISED IT.!!! Because he added more Sht to his collection of " Wool Bails" …
WHY, On Earth, Are the people doing this??? Why do People Pour thier dang money into these HOAXERS.???
Why, Because, they are weak. Looking for that Silver Spoon to fill their desires of success.
ICT has no agenda, He doesnt care if you listen to his videos, He doesnt care if you Favorite his tweets, or email him. He does it to fulfill his ego driven desire, TO BE THE BEST IN FOREX.
Its the challenge, its his High, SO who gives a dang Wheelers, You were looking for direction, It didnt work for You, it is what it is.
There is sooooooooooo much to learn, He lays it alll out, easy to follow, not easy to understand and learn over night.
Ive had to build my personal dictionary for ICTs stuff. lol…
Ive went thru the videos, Made chart notes, Printed them and laminated them… I have a stack of Laminated ICTS Lesson to look thru for learning them. I have an Entire Notebook dedicated for each Modular series.
Treat it like a Business, Learn it like a Career, No one to blame, But yourself at that point.
There is NOONE in the business, that is going to give you the Holy Grail, and there is one, or a few.
It just doesnt work like that in this 5 Trillion a day Business…
I got my 10% today, How did you do?
Im 500% better today, then I was In March.
THESE PEOPLE ARE THE DANG HOAXERS, THESE PEOPLE ARE THE FRAUDS, JUST TAKING PEOPLES MONEY.
All right calm down love, you’ll burst a blood vessel if you’re not careful. LOL
You certainly fit well with his personality type anyway….highly emotional, excitable & over-the-top.
What is it they say?
Like attracts like.
lol, Just get fired up with excitement, because I know his teachings work if you look from the outside in and Im going to stick up for my people. His rants are freakin hilarious tho, I have to say…
With that said, He is still Missing in action. Its been a week since he has been on the twitter. Hopefully he didnt get silenced. Because he was about to release a new series and dropped off the face of the earth since.
If he didnt release any more info from what he already did, Im truly grateful for his efforts to date. He has given enough to be successful.
Look, I wasnt looking to ruffle feathers, but to Call out someone doing free stuff, contract free, a scumbag or a Hoaxer isnt right…
I dont know if he swindled or took money from anyone before, but I havent heard of it thus yet. He might be a lair, a sinicle as$h*&e, arragnat, whatever, none of that matters to me. What matters is price going where His teaching taught me, and Why they go there, THATS IT…
At the end of the day, its about making that money, for all of us. Except the scammers and book writers of course.
If someone had the grail, why would they write a book or sell the algo? You wouldnt find it on Ebay, thats for dang sure. You wouldnt find it under Mentors Tab on Ask.com, Maybe bid on it while at the ritual of Skulls and Bones, but your not going to find it laying around, or spouted outta someones mouth, for mere millioniths of pennies of its worth.
And, lets finish this up by saying this… It doenst matter what system you use, if you dont use it correctly, systematically, and patiently, it wont work in the long run.
Price-Where is it going-were you right or wrong?- Next,
sorry im not in the topic and dont know what you guys argue about right now (and dont want to know tbh) but id like to know who is ICT?
i predicted you didn’t I?
Read my post again and ask yourself if I sound like the kind of guy looking for exact entries and exits… closed eyes and ears indeed.
You’re right, no one forced me… I guess that makes it time well spent then huh?
ICT is a fraud, period, he’s in it for the sycophants, it does something for his ego to have you following him, he has a screw loose.
If you’re up 500% since March the crash is just around the corner and that’s a fact. But for the record, todays return was 8% for me and I didn’t need a guru to get it… we can meet again in 5 years and see who’s better off ok?
Dude, I didnt say i was up 500%, I said my LOGIC is that much better since then.
The quote is right there, a few lines above my statement, you said you got 10% today and you’re 500% better than you were in March… no reference to logic whatsoever.
And, I want to add,
GREAT FREAKIN JOB on the 8% today!! That is from my heart Man, There arnt many " Go ahead, Good Jobs" thrown around in this forum.
ANd, I was hitting 50% in a day before ICT, I just didnt know how to keep it. And, EVERYONE here knows that.
I have more threads in this forum then Walmart sheets, on top, then down, streak then down, Grail, then lost, Key to the plan, then tossed, time after time after time, Its not lost time, its life. Being able to gather yourself for the next session.
I learned the hard way, finding my own route, Cutting down the wrong trees in the wrong path, just to end up at the beginning, but even stronger. IVe had people try to lead me the way, Ive been told I was doing it all wrong, Learn to trade they say. Nahh, I got this.
Trading, and Understanding why price moves, are 2 different things. But you need both to succeed. Did I waist time? I want to say yes. I took alot from the experience thats for sure. But time was waisted by being stupid, and hard headed, and add in my mental OCD and all that, you have a recipe for dragged out plans, LOL… But Ill tell ya this, the final outcome is always great, and the timing couldnt be better.
Maybe I wasnt ready to be in that life transition yet. Things happen for a reason, things take time for a reason.
Anyways WHeels, Again, Great Job on the 8% today, and hope the pips fall your way to make everyday delightful for you and yours.
Its not about how hard you hit, Its about how hard you can get hit, and keep moving forward, How much you can take, and keep moving forward, THATS HOW WINNING IS DONE!!-Rocky Balboa
uggg,
Im 500% Better then March, I didnt think I had to put Logic or anything in front of “Im”, to make it clear of the intentions of the phrase.
I just said Logic above, to refer to the " Im" meaning, My dang thinking, assumptions,analysis, account and confluence to the matter of the Phase " Im 500% better then I was in March"
WHere you, Using the same phrase structure, you got, " Im up 500% since March" which isnt what I had said to begin with.
You speed read it, and thought it said, " Im up the better part of 500% since March", lol… No?
*shruggs, I dont really care bro, but it was fun to eat up some time this afternoon. Thanks ,
lol.
Sounds like we have VERY different approaches to everything NVRSleeps, I don’t care what makes price move and I think predicting where price is going to go via technical or fundamental analysis is mostly superstition lol. I believe the universe (and forex direction) is random or at least so complex that long term it can be reasonably expected to behave as if it were random.
But I agree completely that life is about getting back up, and thank you for the congratulations the same to you.
You can begin by defining your specific problem. After which, post your question to everyone here for some discussion.
Occulti, good to see youve started the school. Can I suggest that you study all of it, not just bits? It might take a bit longer but you will end up with a better rounded understanding of forex and, crucially, will be more able to determine your own future trading style
We all have different methods of trading in the Forex markets. If our trading skills are correct then we can certainly get more profits from our trades
there will come a time when traders should realize that its better to go through the hard path than waste time asking around about short cuts, nothing comes in a silver platter back in the days, lets just say the new generation are lucky to be reading about the mess we did 5-10 years ago LOL
Forex is the business in which only those are earning who have good knowledge and experience, you should trade with positive mind and should show the consistency in order to get the fruitful result from this business.