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

Hehe, I know, I had major issues with this earlier too… Good luck, and just ask if you need any pointers :slight_smile:

Nice one sKratch! It only did go up because they saw me cancel my demo long. :wink:

You do realize ICT has run away from babypips with his tail between his legs and has now even blocked his Myfxbook after blowing up part of his account?

Another clown. The only tail between the legs is yours. Go check his acct. It’s up and reduced his losses somewhat. It’s still early but I am sure he will have no problem getting it back to profit just like I have with my acct.

lol yea thats funny…i could give a hoot wat all the he say she say,ego crap is and was all about…the only point should b to learn the methods…hell any method probably works because the market is constantly moving between to points but the point should b is that he shared trading methods that have validity to them if u use them properly and u take time to learn them and understand them and use them as there intended purpose regardless if they are needlessly complicated or not is something to be thankfull for. People should quit hating and just trade and make some paper. I u got a better method, why not share it. If plenty of ppl here can make money with the methods at one time or another regardless if they havent broke even on their account, maybe it isnt the method thats the culprit but take a look at money management and risk assesment. More times than not its the risk management that is failing the trader.

Some skepticism is healthy, but after learning from the man for months (or years judging by your post history) does he not deserve the benefit of the doubt?
I can understand other senior members of the forum having a moneyfight with ICT about who’s making more cash, but to see the students turn so quickly is nasty.

Rod what time frame are you looking for this action 15min?

Well it is difficult not to use one of ICT his techniques. He documented a large selection of common tactics that it is not easy not to trade one.

It is still unclear to me what happened that made him leave BP so soon.

Account is up again, but I think it is good to see something very human-like -> being annoyed when you make losses and making your statements private. I just hope he keeps his spirits up and continues.

hey Fx pipster,relax!
mozdef is one of the oldest student of ICT thread.He knows what he’s talking about.Michael`s Myfxbook was blocked yesterday.He took a loss yesterday.Today he took a win and his Myfxbook is up again.GLGT :wink:

not the trades that seem 100%, at least not for me.

what Larry possibly means is that ‘best trades’ are the ones taken right at the turning point, when you are the first or among the very first to buy or sell into the new direction. The trader goes against the vast majority of others’ opinions, sentiment, and against all technical indicators. Being the first means there is no external confirmation. People talk and are indeed convinced that old direction will continue for sure, it is a difficult place to be in and probably scary for most people who don’t find delight in being naturally ‘against’. Until the trade starts going your way…

that’s interesting, so the trade is 30% of the account on say about 80-pip move in fiber, more or less. That’s 3 percent for every 8 pips and no take profits along the way, at 30 pips initial stop your starting risk was 12%? or you took some profits along the way and exposure was closer to 20?

Yeah 30% is abit silly, too much risk

i see what you mean, the account took a 5% hit yesterday. Glad he recovered, and i guess it’s not the money management rules we know about. I too hope ICT continues towards the goal, because there is so much more to learn from observing the ups and downs of a live account and the real pressures of trading, and the motivation from actually achieving the goal would be awesome.

Love to see the ict fans keep this going! Keep it up guys as it helps reading and learning continue.

I took profits along the way. If someone shows me how to take a pic from the pc i can show todays gains and trades.

I took profits along the way… a small portion of todays gain was from a small short at 0gmt or 12am my time anticipating the asian stop run of the lows, I immediatly closed that once in profit and took a long. London open at 9gmt provided another opportunity to get long which i did bcuz they often retest the lows at 9gmt before shooting it the desired direction again. It was like free money.

Its not that ppl doubt you, its just reduce your risk abit because sooner or later you will have losing streak :stuck_out_tongue:

Its been awhile since I seen you here skratch! Have you switched technical aspects from harmonics and switched to ICT’s methodology?

I haven’t posted an analysis for quite a long time, but here is what I’m looking at in the near term. The levels in pink were marked over the weekend. We’ll see how the market unfolds.

USDX- the USDX turned bearish on the 4 hr TF when it broke the 79.92 level. I am looking for it to re-test the 80.10 level. If it is rejected there, it should turn down to re-test the 79.80 level of support. If it is able to break through this area, the next level should be the stops at the 79.45 level. The 79.45 level is also a bullish OTE level from the 2/1/12 low to the 2/12/12 high

Fiber- the Fiber turned bullish on the 4 hr TF when it broke through the 1.3624 level. I am looking for it to re-test the 1.3420-1.34 level. If this area holds, we should see it head to the 1.35 level of resistance. If the 1.35 level does not hold, then we should see the stops above 1.36 to be taken out. The 1.36 level will also correspond with a higher TF OTE from the high on 2/1/12 to the low on 2/8/12

Equities- the 3196.9 level on the NASDAQ has held as solid resistance. If the bears continue to hold off the bulls, we should see a drop in the equities market.

US 10 yr- the US 10 yr treasury bounced off the 131.80 resistance level on 2/7. A re-test of that level failed, and the MF on the 4 hr has now been broken. I would expect a re-test of the 130.80 level, which is the low of the recent range

Gilt 10 yr- the Gilt has been in a tight trading range lately and the low of the range is not far off

Deutsche Bund- much like the 10 yr treasury, the Bund has been rejected at the re-test of resistance and the MF on the 4 hr has been broken

Remember to watch the big figs, mid figs, institutional levels, and small numbers for turning or continuation points