Michael,
You started me on my price action career and there is not enough thanks in the world for the motivation you brought into my life. A silly boy looking at bright lights and squiggly lines now simply uses the bars. It is true that traders do not need a system, they need a methodology, and you motivated me to find my own methodology. I watched your OTE, as well as time of day trading, upon many other factors. I have watched all 150 of your videos twice over the last few years. Over the years of following you, this is what I have added into my tool belt.
- Time of day intraday trading. Personally, I only trade the London open.
- Risk management. No more than 1% risk per trade.
- Fibs, including OTE and swing projections
- A sound understanding of S&R
- ADR
- I enjoy the trinity levels and pivot points, because I am used to them, but I rarely use them
- Divergence
You supplied me with a multitude of tools that I was able to use and grow with. And this is all you did for me. Simply put, you showed me some tools, and its all you did. Saying its “all you did” is an understatement, it is more than I could ever ask for.
I say “it’s all you did” because I believe traders come here thinking that you will give them a system.
I believe they think that if they draw OTEs everywhere, they can make 20% per month. I believe they think you are a deity and they will follow you to the golden castle. No matter how much you preach testing and screen time, it seems to bounce off people’s heads. Maybe testing and screen time is simply “too hard” for people to do? Maybe they would rather watch an ICT video than actually try it out themselves. What ever it is, I am not sure. I believe most people think this way. That they would rather watch a video, that you will show them the holy light of god. That they don’t really need to put in any hard work, pain, or effort.
Most people do this, and think this way. Well… I come from the mentality that if most people do it, if most people think it, I probably shouldn’t be doing it.
I am truly grateful for the start you gave me.
When you told me to test test test, and practice with screen time, I did. When you said this is not a system, you have to find your way, I believed you. I took trading into my own hands, and now I can say I do it for a living.
Thank you for showing me the way so many years ago,
Zack