Wow, Just discovered your video yesterday. While my English is not perfect, your descriptions are simple and comprehensible.
While I'm still struggle to be stable, your tutorial did gave me good path to look for the resolution of my problems. The trading hours, the markets structure and the power of three did opened up my eyes.
The most important point that I learned was to be patient and let the trade develop. This morning my target was to close the trade at the London close. Well, I should learn how to take profit to as I let on the table nearly 10X my initial risk, closing 3 times at brake even + 1 pip. and + one 1/2 loss. I need to learn to to take reasonable profits, but not like I was doing, cutting to soon after i had some $ in bank. Maybe one of the video will explain, how I can do it.
I also realized that I was over trading. Being aware of the crucial trading hours, should help me to reduce my broker revenue
Like you, I have a back Idea to be able to share my knowledge one day. Strange dream as I'm not even able to be profitable on a regular basis, but still dream is there.
I have a doubt please. After a huge decline on daily charts...a pair is retracing. It reaches a significant 50% level which is a big resistance. At this point do we short with a tight SL or should we wait till we reach the OTE level to come and only then short. ?
How do we decide this .
Loved your stuff Mr ICT....awesome. Introduced some friends also...
Don't know if it is the appropriate thread to ask InnerCircleTrader a question. If not, please remove this reply
Today, June 20' 2012 An FOMC report was used by the big guy to do a nice clean out of all long and short on the market.
The lowest price reached was the the same price level as the last Friday closing price -0.5Pip.
By curiosity, was there any clue or hint that price was or may have been able to reach that level?
i have really so much respect for you for giving babypips member proper trading education without expecting any reward. I have gone through all your videos and i improved my trading so much in a months which i am not able to do by trying over six months....thanks for this article and the help you provide us to trade correctly......