Inner Circle Trader's Pro Traders Club 2012 - 2013 Series

Toekan · February 8, 2013, 3:55pm

Sweet Pip, if that is the case. Why did ICT leave? Does anyone know that? If he isn’t blocked and he doesn’t mind the trolls (as he said) and he is serious about the challenge (as he said), than I don’t understand it. End of March was the planning…

I

Sweet_Pip · February 8, 2013, 3:58pm

You’ll have to ask ICT that…Don’t know, don’t care

peterma · February 8, 2013, 3:59pm

Hmm… the only challenge - probably is seen as silly by many - on this thread that I know of is how can we trade forex better using the ICT tools.

If you think I am silly for taking such a challenge on, that’s cool - the wife thinks the same - if, on the other hand you are talking about some other challenge on some other thread - maybe you should post your comments there.

peterma · February 8, 2013, 4:20pm

Some of the best anaylsts in the business are useless at trading or do’nt trade at all, some good consistent traders have zero interest in being an anaylst.

But if you can marry the two - then you have something.

A good way to learn the anaylis aspect is to read as much as possible - forget information overload, such a thing only exists in a small brain, reading someone else’s anaylsis is vital, learn to dissect it, learn to understand it, from this learning of anaylsis comes the holy grail.

What holy grail? - the firm knowledge of bias - having your bias correct - then comes the trading bit.

IyaJenkei · February 8, 2013, 10:07pm

Anyone going to the Lori workshop may 2nd-5th in Fort Lauderdale Florida? Ill see you there. Just curious if I should be playing the match faces with screen names game lol.

pipmart · February 8, 2013, 10:12pm

Dude, I am thinking of going. I couldn’t find any info on it in the crislori website though. If I do, Ill just look for the girl with no kid or beard. jk

IyaJenkei · February 8, 2013, 10:19pm

It’s up now. Go to workshops. And I’m growing the beard back out :-D. Tho I think I will shave for the event lol. Don’t want look like a heathen…

mastergunner99 · February 8, 2013, 10:20pm

How much did that set you back?

IyaJenkei · February 8, 2013, 10:24pm

$2500. And no i didn’t pay by financing lol.

mastergunner99 · February 8, 2013, 10:33pm

Geez. What is he going to teach you for that kinda coin?

pipmart · February 8, 2013, 10:35pm

Are you kidding? 2500 is chump change for a guy like IyaJemkei. lol If I go Ill be looking forward to seeing there guest speaker…

mastergunner99 · February 8, 2013, 10:39pm

About once a year I pay up for some education in my industry. Runs me about 2k and I generally learn something I can take back and implement in my practice immediately.

I just can’t see that translating in Forex. What can Lori teach that is not available online?

IyaJenkei · February 8, 2013, 10:40pm

I think he going into how to develop yourself as a trader. And I know mastergunner I thought about this. You know all it takes is time. And I’m sure everything he teaches I could get myself on my own for free. What I’m hoping to get for $2500 is maybe a little boost. Call it a shortcut. Tho I think that’s a bad word.

"tycoon83":

Hey Guys! i’m back from a 4 day intensive Chris Lori Workshop! not sure if this is the best place to write this review but let me know if you guys have any better ideas and i can take it down or copy and paste if somewhere else.

i had a couple of private messages before i left asking me to let them know what i thought of the workshop so i thought it would be easier to write a review and more beneficial for the ICT community to get a students opinion on it.

First off i can’t teach you what i have learnt, 1 because i cant condense the 4 days into a 5min email ;-), 2 because i signed an agreement not to teach it, 3 because i feel its unethical to teach it while its still being sold anyway.
Also a quick mention that the hotel was excellent!! and food was great!! certainly helped being very comfortable when you have to concentrate for 4 days.

Anyway lets get to the meat of the review! I must say i really thought there would be more overlap with ICT material and Chri’s teaching but there wasn’t! I did spend some of my time learning and at the same time looking at how i would use it to compliment my current methods that we have all learned from Michael and i can say that what you learn can be used with probably any method or of course on its own!

A key thing you will take away from the workshop is the …how can i explain it… You will have to connect with the market and more importantly price, and the way to do it is through the exercises that he gives you. A quick example… you may be a London open trader and there are a few exercises you can do in this session to study what price does and how it reacts, you will then look at previous and future live data at that specific time and record the reactions.
These exercises will give you the confidence to know what is most likely to happen and help you make a unique trading model and risk plan to trade with. Also the point of exercise is that, as i did and i’m sure most do when starting trading, you get a method and you start trading it, then you have a few losess and think this is crap i’m moving on to the next thing, but that method hasn’t really been tested properly. Let me give you a different example, ICT teaches us a method or gives us a trading plan, we then start trading that plan, we have some degree of confidence obviously because we trust the source, then we take some winners and some losers then we don’t understand why we lost the trade or if we are doing it right, well its simply because we haven’t done it enough times! Test it first, not 1 to 10 times but 100-500 times! At this stage everything is second nature, you know when to get in, you know when to get out, you know your risk parameters and you are not sweating about pushing the buy/sell button lol.

What else can i talk about… PRICE ACTION…its pretty F’ing cool! if you are a bit geeky like most of us on here anyway lol

Now, a lot of the content is taught on a intraday basis and it was a little bit difficult adjusting to 1min and 5min time frames, but not that difficult. You do have to understand that the reason for this is because the smaller time frames will help you interact with the market quickly and often, however all that you learn is fractal in nature, same as Michael’s!. Just to clarify when i say fractal i mean that you can use the same concepts on any time frame.

Here’s another thing i noticed, if you have been to any other workshops, free seminars or Gurus sharing their secrets you will notice that everyone in the room is fresh (not much experience) and they will usually give you some crap system with indicators or try upsell you onto a more expensive course or mentorship programme. Alarms bells should be ringing in your head, well they will do after you have been ripped off a couple of times lol. Here’s the difference on Chris Lori’s course, you feel a lot more confident for a few reasons, 1 you don’t get an upsell, 2, You can tell the content is quality (well i can after seeing all the crap from others lol) 3, in the room you have a few students that started a couple of years ago that are actually making money and they are happy to share their experiences with you.

Ok this email is getting pretty long so i’ll cut it short here and if there are any questions feel free to ask and i’ll do my best to reply soon.

In short, if you are serious about trading, i mean serious! and you are willing to do the exercises given then Yes it is totally worth going! It has certainly changed how i look at price!

mastergunner99 · February 8, 2013, 10:46pm

There’s a certain logic out there that assumes quality comes at a high price. That only pertains to tangible items. With education. The cheaper the better.

I hope you come our ahead. This site needs more profitable traders.

You’ll know you wasted your money if an Ice Cream Truck drives through.

IyaJenkei · February 8, 2013, 10:49pm

Not chump change lol. I have a philosophy. “It’s not about how much money you make, it’s about how much you spend”

IyaJenkei · February 8, 2013, 10:53pm

Did you read the quote? That was from someone who just went to his London workshop at the end of January.

And I do have that logic. I always buy higher end electronics and stuff. I just assume you get what you pay for. That if I buy something cheaper it’ll just tear up faster and ill have to buy another.

At the end of the day it’s only $2500. Seems like more right now than it is in the grand scheme. And it won’t break me or put me into debt.

I don’t understand the ice cream truck thing lol

pipmart · February 8, 2013, 10:58pm

yeah I agree, its amazing what people would rather have then money.

IyaJenkei · February 8, 2013, 11:08pm

When I was younger I read " most people are 2 paychecks from bankruptcy" and my grandparent(who raised me) were very cheap. I thought we were poor until I was im high school and started thinking about the house we lived in and the 20 acres we had. But I remember my grandparents ALWAYS worrying about money. And the stress is caused.

When I got on my own I thought and made the stand that that wouldn’t be me. I don’t wanna live worrying about how I’m gonna pay my bills or take care of my kid/s. I don’t want the stress. I’m a very stress free person lol.

I also read money is the number one cause of divorce. I think that’s bullstuff too.

And I read bill gates. He said he ran Microsoft where they had enough money in the bank to pay their bills for a whole year. And he kept it like that.

I chose not to go to college. I got a factory job. And I worked my butt off. So much I didn’t have time to spend money lol all I could do was save. I take overtime every chance I get.

And I think of my finances in terms of a business when I started looking at stocks lol. Like my debt to income ratio and stuff lol. And price to earnings.

PipNRoll · February 9, 2013, 7:02am

Very smart Iya!!

I am glad you took what you had experience from your family and want it to turn it around and change what you believe. Some people when they are in that situation, they won’t do anything. They become paralyze and their mindset is glued and already accepted the fact that “you can’t get ahead” because your grandparents/parents aren’t so why would you? Wrong. What happen to your elder should not reflect your future. You have the power and the free will to change things around the way you want it to be… and it all starts from making decisions like this and keep it forward until you get there…

I have seen and experience it all (poverty)!! I think you are more fortunate growing up than I am. It was hard to live on a daily basis and find an “opportunity” where I came from…but I did change that around and I am in a good position right now. Good but not yet great… I wanted more and I won’t settle for less… I know you and I and everyone here desired to be more than what we currently have and there is nothing wrong with it.

This will be a great success story to tell in the future… I think I will write a book about it Though, I have to hire a good English/ grammar translator because mine is sucks! LOL.

I have heard Chris Lori’s seminar since early last year and I do really wanted to attend since but my work schedule and other things is preventing me to go… I will try to attend this May and maybe meet up with you guys… but I am not sure yet…

IyaJenkei:

When I was younger I read " most people are 2 paychecks from bankruptcy" and my grandparent(who raised me) were very cheap. I thought we were poor until I was im high school and started thinking about the house we lived in and the 20 acres we had. But I remember my grandparents ALWAYS worrying about money. And the stress is caused.

When I got on my own I thought and made the stand that that wouldn’t be me. I don’t wanna live worrying about how I’m gonna pay my bills or take care of my kid/s. I don’t want the stress. I’m a very stress free person lol.

I also read money is the number one cause of divorce. I think that’s bullstuff too.

And I read bill gates. He said he ran Microsoft where they had enough money in the bank to pay their bills for a whole year. And he kept it like that.

I chose not to go to college. I got a factory job. And I worked my butt off. So much I didn’t have time to spend money lol all I could do was save. I take overtime every chance I get.

And I think of my finances in terms of a business when I started looking at stocks lol. Like my debt to income ratio and stuff lol. And price to earnings.

regulus · February 9, 2013, 9:33am

Did the new Twitter Account close up now as well? If so, where does ICT “go” now. Will we be able to be in touch with him in the future?