Well, I just openede my first trading account with IronFX. So far, they have been great! Very low spread, not a lot of slippage, and great customer service! So far, I would definitely recommend them, but I don’t know if they allow US traders…
Yeah, this is the thing about ICT’s teachings - it really is a complete structured course, a means of approach and understanding the markets.
He has obviously put a lot of thought into the lay - out and timing of the material, you can see the development of the various themes as the videos progress, thats why I really believe that by slowly going through the videos, taking notes, that suddenly all those ‘aha’ moments begin to materialise.
Most educational material is expensive and released in modular format - you pay for each module and because you’ve paid for it you are likely to go over it again and again until it is fully understood before buying the next module.
This is how I’m approaching ICT’s material - the temptation for me was to jump from video to video,all the while impatiently waiting on the next release - now I’m listening to those review videos, little quotes here or there, where he entered a trade, the reasoning behind it, where and why the exit - the ‘aha’ monents are beginning to multiply 
Can I just give a little quote from ICT Teaching video 09/08/12
ICT is talking about there being no need to chase price whilst it is rapidly falling.
“You want to wait for the dagger to fall, stop quivering, and then gingerly go over and pick it up”.
Now take a look at Friday’s action.
Good Idea, Wishing to try with a few trade.
But when and where exactly do you pick it up?
And that is where the Kill Zones come in, I’m pretty sure I’ve sussed it out, and I think I have way of illustrating it, I’m on the case I’ll put something up next, it’s a couple of things I’ve observed, maybe ICT has covered them in his material and I’ve not noticed it consciously, or just suffering from information overload.
But here’s a thought, maybe it’s something that ICT does naturally, maybe he does it consciously, but not thought of putting it in detail, maybe it’s something he doesn’t do (unlikely), but whichever, the point I want to make is, think think think think!
And this is what got me thinking even more…
So if it’s little edge you’ve got to yourself and you want to keep it, cool.
If it’s a little edge you got and you think it’s silly, do some more research, or throw the idea about, but come to a conclusion, and no matter what anyone says about you should never change your strategy, if you are not making a profit, you need to change, otherwise you are doing the same thing everyday and expecting the same results. If you are making a profit, it can always be improved, your time profit can be improved, the balance will be your choice.
Also consider this, who was better than Einstein?
The guys with Einsteins knowledge and their own, had a better edge than Einstein, but by that time, Einstein didn’t need the edge, but for the new generation it was necessity, just like the car was a luxury a hundred years ago now it’s mostly a necessity (spare a thought for the vast majority of the world that don’t have the luxury of worrying about the costs of running a car) now, never rest on your laurels.
Well there you go, a few thoughts…
Oh and one more more which made me think about it in the first place! This was ICT in Part (I think) 7 video saying Chris Lori said about Asian high and lows providing support, and ICT thought and researched about extending it, and concluded that Friday and Monday’s extended to the end of the week was featured.
And probably my last thought for today, must remember not to trade ever on Monday’s, cos, it takes me 'till Tuesday for the cogs to start running, and not that excessive at the weekends really, not compared to 20 years ago, but I think even if you are tee-total and do nothing but rest and recharge over the weekend it still takes a day to really start focusing a 100%. Another enforced day off, oh it’s hard life 
PP I did as ICT suggested on Friday - I waited until the dagger fell, it quivered a little and then I did go over to pick it up.
I know re NFP - no trades - but I waited until the dust settled ( my post re support etc.) and traded the fibre.
I used the divergence on usdx and bonds as the catalyst for entry, I had many ICT teachings on my side - I saw the importance of 2875 on h4.
On m15 (used for entry) I saw the last gasp down to ms2 at 2885 (never even knew of mid pivots before ICT), I saw the ICT adr line turn blue at 2884 adr now filled - I was watching the US 10yr falling out of bed so in theory the usdx should have been doing likewise and Euro rising (posted the charts before entry).
I already had a line on 2888 from long back - obviously was s/r from before so the correct thing to do would be to drop to the 5 min and look for an entry pattern.
The truth is I did’nt do that -NY open kill zone close (i.e US traders going for their coffee break, London traders back from their lunch) was approaching - 2895 was holding, I figured a ‘scalp’ of 40-50 pips was possible with an exit at the 16.00 gmt that ICT teaches about (i.e. London traders heading home, computers off) - figured I had enough ICT tools saying ok go with it but because you are breaking the rule of no trade on the first Friday keep the stop tight.
BTW I’m not boasting re a particular trade - I’ve nothing to boast about - I’m just posting how the ICT tools and the ‘Kill Zones’ came together on the worst possible trading day - NFP.
Can anyone say what the stock indices divergence on the Daily chart might be trying to tell us? Just looking for everyones thoughts. Please explain.
I’ll let ICT do the talking:
Inner Circle Trader’s Market Review 07/29/12 - YouTube
I’ve been to a number of threads of successful traders (probably) that are so unintelligible, unfocused, poor communicators that is impossible to understand what they are doing. It’s not their fault because of the language barrier and not everyone will be a good methodical organized teacher. We got really lucky with ICT.
Joe Dinapoli said he asked several successful traders if he could sit in with them and one guy said yes. His system was using an indicator that made a certain pattern and then he would buy or sell. They guy had no idea why it worked. Joe says those guys last from 6 months to at best 10 years and then they become impoverished because their system can’t survive an evolving market. ICT’s methods are durable.
I’m surprised his YouTube channel has 996 subscribers. “Hey every one, I’m submitting dozens of 30-70 minute videos that will teach you intelligently, in depth, with your full comprehension in mind, answer your emails, respond to thread posts and not charge you at all for it.” And only 996 subscribe. UN-FREAKIN’ BELIEVEABLE! I think people want an indicator to say buy or sell.
Vinster - I’m not into predictions etc, but I think I know Who it is that inspires ICT, however I do predict this - there will be many, many more subscribers in the future - we are fortunate in that we are at the beginning.
I got a question for ya ICT: why don’t you get hired at some hedge fund ? not enough freedom ? they’d pay you less than you pay yourself ?
I think he already manages a private fund in Maryland.
I have a question for the seasoned traders. Can someone explain the difference between the futures currency market, and the spot. Is there a advantage to trading one over the other, Or does it get down to the amount of the account to make one more feasible to trade.
Thanks .
No I don’t trade through MT4 and I actually hate MT4 for trade entries…I only use it for chart analysis…
GFT was a great broker and I can’t say anything bad about them, except they said USD traders aren’t good enough and aren’t welcome anymore…
My guess is I will probably go with FXCM, but their mobile app doesn’t have price alerts which really hurts me with a day job…I wish they would code this into the app since I would think it would help a ton of people out…
I think this is going to be one of the questions I ask ICT during our one-on-one session, how to determine a great broker to do business with, does it really matter? which ones should I stay away from and why?
Can someone please tell me in which video(s) ICT has spoken on identifying the directional bias?
Thank you so much.
Csk.
Somewhat…I need to be able to manage the price alerts from the mobile app tho, without using a PC at all…
LOL, What’s make you think ICT does not managing any fund?
So, far have found ICT is exceptional in forex teaching. Problem
is we can not appreciate the free learning, try to find any durable
method like ICT and how much does it costs. And for money! ICT
has been paid enough. He does not teach for money, it’s his
passion to help other. In respect of every quality of mentor, ICT is
exceptional, try to learn more about him. But do appreciate, your
thinking is like real ‘Inside Trader’.
We, who are following ICT, at least read for one time about him.
http://forums.babypips.com/q-corner/41742-inner-musings-innercircletrader.html
It’s always inspire me reading and thinking about Santa…
erm… everyone of the hundreds available?