you must know a lot about contingencies and contingency planning 
forgive for asking, any connection to the big 4, big 5 in the industry?
Seriously⌠I did spend a number of years working for the primary German fx bank. Iâve learned what to do when mistakes are made, because the accounting world is filled (Iâve contributed my share sadly) with them. Iâve rarely been near the trading floor however, and prior to my personal interest in fx trading, I had no experience with trading at all.
Oh yes âŚof course you can invite âyourselfâ in a meeting. In fact, you can even invite your imaginary board members in a meeting such as your CEO, CFO, Shareholders, and your cute Secretary ;)âŚohh let me do that again ;)âŚlol.
In all seriousness (if we are treating this trading as a business), when you screwed up on your trades, how are you going to explain this drawdown/mistakes that you make and losing money with your board members? How are you going to convince them that you can trade with consistency of winning and profitability? If you canât prove it to yourself, how can you prove it to them (pretend that you have a board member to report to). Yes, writing in your journal will serve as a âblueprint â and how your thought process occurs in any given moment while on the trade or not.
âŚjust donât start the journal saying âDear Diaryâ because that is like writing a high school dudeâŚlol
lol, i like the board membership, i might have sat in a lot more meetings had i done it this way!
to be completely serious, there was this CFO who really knew how to draw profound thoughts and meaningful participation from the teamâŚ
Ohh it will only gets better⌠
LoL no im not ICT you can find me on Twitter and i have my pic there. I just love Micheal because of him i started to trade with real money this year and im up 35% on my account. So for me hes Master, you can call him how u want its ur lifeâŚ
i feel weâre practically colleagues, lol, ex EY myself.
long hours but good experience at the time, and whatsoever was trained into me on controls and procedures paid off in forex, no matter how far apart they seem.
yep⌠i can visualize it as it happens⌠:18:
Hey Ibe,
Imho couple of tools are useless.
What is TT?A previous weekly range split in 8 equal partsâŚsimple mathematics,has nothing to do with trading.
What is hidden OTE?âLet put a fib between keylevel and previous swing low in order to give us an OTE TO THE PIPââŚin hindsight!!!C`monâŚwe are looking for perfection in a world of uncertainties.
My believe is MS,MF,kill zones,judas,stop hunt have a logical explanation.
Piparush, hidden ote seems useless, why would you choose to pull a fib from say 3050 when clearly the swing started from say 3025.?
Think like the big boys - where was price intending to go - was 3050 the obvious target?, did it âslipâ past to 3025 to clear out some stops and/or momentum carry it on down past 3050.
When it returns back up past 3050, was this itâs real marker, were the news analysts saying âwatch 3050â, big support here.
So as price continues to rise away from 3050 - where is it coming from? - is it 3025 or 3050, what line are the âsmartâ guys watching, have they any interest in 3025 or is it 3050? - where is their yellow line?
When they are taking price back towards that line - where are their stops?, where will they not allow price to go to?, where do they intend to take price to?
Thus âhiddenâ ote, it doesânt seem obvious, maybe thatâs why he called it hidden, but itâs there nonetheless.
too many tools put too many lines on the chart, and actually somewhere around last fall i expressed an opinion that with many lines on the chart (tt, pivots monthly/weekly/daily, midpivots, fibs extensions and reflections on monthly, weekly, daily, 4 hours and no less than 1 hour, sr lines, and round levels) then whatever price does at any level anytime, there will be a line within pips that explains it.
i think these you mention are the best. judas and stop runs, structure flow, kill zones, i use fibs quite a bit and watching so many videos helped with gaining dexterity on pulling extensions and corrections, sometimes weekly pivots. TT is a range on prior week low/high, which in most cases is an actual complete swing. It is rare that a pair would move continuously in just one direction throughout the week, so when we pull 162/200 extensions on the trinity we actually do it on the swing of the last week range, which we would probably do anyways. With the hidden ote i agree there is overshoot through significant levels, and sometimes taking as significant level one that has been chopped through many times, battle over-time to go kind of thing. This does happen a lot at 00 and 50 levels, so that makes sense, levels that start a big thrust bar also make sense because thatâs where a big position was put on and whoever did that is usually not willing to see it go into the minus.
but i agree, more is less and staying with what makes sense is the better way
Was on my beautiful mountains today, plucked off some icicles hanging from the rocks, the sun was shining making the ice glisten below our footsteps as we walked along an old footpath, I could hear in the background children playing, our picnic was beautiful, this is as close to heaven as anyone can get.
Forex? - doesânt even come a close second.
By the way, what is this âOTAâ you keep talking about? Could someone explain it to me? Thanks in advance
Regards
PureMuscle, FX Pipster, Bones 123,
Thatâs enough. Continue with your posts and infractions and subsequent temporary bans will follow. Your recent posts in this thread will all be cleaned. If you canât present yourself respectfully and in line with our forum policies, weâll ask you to leave permanently. Weâve covered this topic too much in the recent weeks. You will all receive PMs about this and we ask that you respect our wishes.
Pipstradamus
A tip for you - donât get involved in the first place. Use the Report Post feature.
Pipstradamus
Okay, will do.
3050 it is
Excellent I plan to revive it. 
By the way I am really enjoying all the discussion about trading plans and how to develop an edge using ICTâs tools,
I completely agree that there are a LOT and the best is to become proficient in a few and then slowly start adding.
My plan is to concentrate on COT Analysis, Intermarket analysis, SMT Divergence, MS, S&R, OTE, and the [B]weekly/monthly range calculation[/B]s (video how to catch explosive profits once ICT updates it, that one really struck a chord with me, I´ve taken quite a few notes on the video so if anyone´s interested let me know)
A note about [B]Traders Trinity[/B], I often slap it on and use it to identify higher TF Support and Resistance, I hate having it on my chart because itâs rather distracting but as far as being useful for identifying levels itâs excellent.