My MD bought us all that last Christmas EOY meeting, still not read it…
Maybe I will now!
[B]Hey Folks[/B]…
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This is just a little nudge… to get the wheels turning.* The Demo results are a test on your perspective. What do you see in the results?*
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Are you disappointed there were so few trades?*
Actually yes - physchologically - zero trades from Nov1 until 25th - I am sort of not believing that one. However I am very interested in knowing how/why.
Impressed with zero losses?
This one yes - this is preserve capital - and is a super key to longevity, I believe.
Impressed with the amount made in Demo profits?
Frankly no - with a million dollar account -making 8+ thousand in a month , well if I had a real million - and a real 8+ then likely I would change my tune, but I think still a little low for a pro trader. less than 1% for the month??
Disappointed the risk was too thin and “not worth it”?
Yes and No - imagining real $ - I suspect this is just fine - with thinking 10% return a month is ‘somewhat normal’ - yes dissappointed.
Expected a higher % return over the trades?
Yes - I did, however with smaller risk - then I would expect returns to be less.
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Post your thoughts… I will give you my feedback and the point I made in this exercise.
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Until then… as always…
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[B]GLGT[/B] :57:
**EDITED - for the last two questions – I am having a mindset change I think – As I am seriously considering a deposit of 5,000 - risking 2% on a 20 pip trade is $5 a pip - and if I open a trade on both pairs - now $10 a pip - and 4% risk - that is $200 bucks of MY money - - - – - I don’t think I’d like that - - not to mention - I’d have spent 15-20 on the spread - I mean come on - - I don’t spend $20 willy nilly - (not often anyway) - so thinking in terms of REALITY - I think 2% will be my max in the market amount – - So if intend on opening 2 trades - they will have to be 1% each - -
Definitely read it - - I had to for work - about 6 years ago - and still remeber pieces of it - and the basis of it – and I don’t like to read.
No need to be sorry, we’re all onto a good thing here, your post made me think about my post which looks like it made you think more about your post, which will make you not have to be at work!
What did Danny Devitto say in Twins?
Let the blood flow through the fingers 
Thanks! Things are starting to click for me 
Responses above in bold.
not disappointed no, actually impressed with the low number of trades and no losses. as i think of my process in trading 'm aiming at setups with potential to 40-50, some work but many don’t, and i end up not with losses but quite a few trades around b/even, plus minus some pips. If i was able to choose just very few trades and be almost sure of those, i’d just take those, load the boat and that would be it. i enjoyed watching the videos, great trades, and the latest ‘in the bush’ trade i have to watch it again, seemed a very difficult one to me. awesome work ICT, thank you
Heck there seems to be quite a few VSA’ers in here now, VSA experience will serve you well, but with ICT’s little details, like he has with Wyckoff Schematics vs Market Prfolile, and the Time & Price the bits you find missing are here.
From where I see it if I’m right.
With ICT you don’t wait for an ND/NS confirmation, you are in the trade at the climax, you don’t have to wait for the reaction to the high volume, it will stop at the next S/R level after high volume, this kind of stuff improves your risk reward ratio so much, those tight stops with big rewards.
Now see my point, we’ve had massive high volume on a wide spread bar (1Hr), is it extreme volume, which is Stopping Volume, or is it push volume, and does the volume only seem extreme because it has to be relevant to the other volumes, how much volume do you need? How much reaction do you need to confirm a trade?
So it is extreme volume, so something is up, but pull up your hourly chart now, and see where that retracement has paused/maybe stopped time will tell as always, but again it’s at that 70% OTE sweet spot again.
Coinciding with last weeks Thursday Asian High, mmmmm… just noticed that… that’s worth thinking about…
Here are my thoughts…
Well On GU i made a very nice profit today of 65Pips that beautifull Judas blowing out stops and taking ppl long on 1.6120 and slaming it down, just perfect ICT teaching in action <3
Yes they are, most definitely, but it will take time to put it all together to really nail it.
I’ll put it this way though, after watching Part 7, and learning about the Monday and Friday Asian range extensions I went about it to have a toy with my indi’s, so when the price hit those levels, it’s a new thing, it’s hit them, I’ve got turtle soup low Asian stopout, heck it’s a done deal, this new thing I’ve just found is better than anything yet!!!
Did it skew my analysis?
So you got a lot of that to look out for too, it won’t be one click, there might be as many as I have used to repositon me mouse to currect mi speelings on dis pist.
EDIT: Forgot he point, it was still a setup that paid the wage.
PIPhanger - I really enjoy your posts, thanks for sharing your ups and downs.
I use a UK broker with live futures feed on bonds - the divergence has stood out this past few days.
My pics are’nt brilliant - had to do screen captures:
Pic of German and US 10yr, USDX on bottom.
The pics are of the past 3 days action up to now.
Day 1 - I was noting higher highs on bonds - USDX was doing the opposite -
Day 2 in the morning USDX still falling, Euro bund first, then US 10yr still going higher - later usdx fell into sync, then today see the div in euro bund and usdx - usdx going down - no way was the euro bund.
I always have the doubt as to who is leading whom, this past few times it has been the bonds doing the leading.
Could you please tell what would it cause if bonds will continue its rise? sorry to just ask such basic, but I couldn’t found out. Though I feel it’s importance.
I think instead of looking at entries I’m gonna look at where id place my stops lol. Then just set my entry 30 pips from there. Trading with the HTF I’m always right with direction but never my entry. Probably just being to hasty.
Rising Bond prices should equal rising USDX, ICT’s USDX Triad Divergence often warns of a change ahead.
To me this makes such sense - imagine if smart money were holding up a fall in the euro, or were pushing euro up in order to get longs sucked in - the usdx will be flat or falling (since the euro cross makes up such a large slice of the usdx).
If at the same time bond prices in Germany, UK, and US are rising - it doesnt make sense to continue.
ICT teaches it way better than I can tell it, see my post here:
Not if you are Piphanger. lol
My general thoughts are a mix of excitement and resignation. Excitement that your videos have unless I’ve missed some way you could possibly be faking(time machine?) are not a waste of time and effort. Resignation that there is a huge amount of work for someone like me to get to the point of being able to pull together the large number of points of data to nail each weeks high value/high probability trades.
However, despite that resignation I am aware of how long it would have taken myself to piece together everything I’ve learned from your videos on my own.
ICT over the years has talked about these and used them, and as he says himself and as we all should, we develop as traders and more than that through it, as people.
There are many tools there that we can use, but from time to time we realise, that some just aren’t needed, and we use new ones, and with experience we simplify…
A feeler gauge may have worked to sort your points out 20 years ago, but it’s a bit useless now, and things move a lot quicker in Forex.
But now, in his weekly reviews, ICT just talks, major SR and OTE, USDX and trade either EURUSD or GBPUSD or both, no mention of COT etc etc… maybe he uses them, I don’t know, but from the basics you’ll win and get paid, it’s the basics that will get you into profit, the COT, the divergence, the depth of understanding is the cream on top, but in the meantime, what if you’re the journeyman?
Hi PIPhanger,
If you’re just after price alerts for your phone, you don’t even need an FXCM account to do that. We offer free price and news alerts that you can have sent to your phone from our DailyFX research site.
If you want more sophisticated alerts sent to your phone, such as when RSI crosses 70 on the EUR/USD chart, or when a trendline breaks in GBP/JPY, then these can be set up from our Trading Station Desktop platform.
Sorry guys, didn’t mean to hijack this thread. If you have any follow up questions about this, please feel free to ask me in the Broker Aid Station.
Jason