Thanks for the video update, man I feel like I’ve learned so much from your material in the last month. I haven’t spent much time in the material, well as much as I would like, but I am seeing positive results. I have taken a lot of demo trades using what I have learned and just a few live trades.
Last week on the other forum I excitedly announced that I made 1% on a trade for the first time ever. (I was using .5% risk) Well I would like to update that with this weeks success. This week I took 1 live trade and risked 1%. By the time I closed the trade I had made 2.4%!
I am beginning to understand you don’t always have to be right to be profitable. Any ways keep up the great work, your videos, and reading these threads have made it into my daily routine.
Anyone know if the source is available for the traders trinity indicator and if so where I could find it? I’m writing an application and could use the formulas.
I understand time is a precious commodity and I appreciate you spending your time with my work… and I wish you continued success with it. Please keep me posted on your ongoing development!
It is the Range divided into thirds based on a rule of 50. I walk you through manual application before someone [please forgive me I forgot who it was] was so kind to program it for us. It saves me 5 minutes every time I need to post it. :5:
I had a huuuuge brain fart today trading equities, took my normal risk lost terribly.
However I gleamed one useful thing I realized, one thing I SHOULD HAVE SEEN BEFORE, the way I trade equities is loosely based on your HTF analysis, if price moves to an area of plausible resistance or support I play the pivots, course a few other things enhance the odds, time, confluence, etc. I soon realized, ****! This is how I should trade my fx… So something I intended to develop for my equities, was accidentally overlooked.
Not bad today though took a short term scalp on cable for 20 pips
Took a maximum risk exposure on fiber though for 30% at 30 pips and 30% at 60 pips with the remainder hitting my stop back at 30.
Just watched your latest PTC video (09/06/2012), insightful as ever and I enjoy your “ramblings” and “rants” just as much as your analysis.
One thing I would like to clarify is the connection between the daily bias and are we in a buy or sell program? Numerous times you have mentioned that as traders we should be trading in the direction of the overall bias. Tho’ in the video you are frustrated with thread followers being fixated on the daily bias to determine their trading.
Are there situations in the market where trading S&R levels and stop raids is more advantageous than looking for the daily bias and trading in that direction? e.g. ranging or trending environments (personally I find find S&R combined with divergences and kill zones the most conducive to trading) Or am I confusing situation?
My query is not meant be anything other than looking for clarification.
I’m pretty confident it’s correct and everything works ok, see what you observe innit, I’ve been looking at dealers on it, and it seems when they have a major change on a week it’s significant.
Thing is though,m the report comes out this evening, so to use it for the week ahead you’ll need to re-download the CSV files, I’ll update them some time tomorrow.
I had a question about your trade yesterday (nice trade BTW…:)) I didn’t take the trade but I made a mental
note of where I would have got in at and I would have got in at LO for the short but I would have got stopped out on that ISM spike during NYO. My question is what made you take the trade during NYO and not
LO ? The LO OTE setup at .2620 looked pretty good at the time but in hindsight looking back the NYO setup
looked like a better trade.
What disappoints me is the new readers striving to pick the bias… not that we shouldn’t trade with the higher timeframe bias or that we shouldn’t seek it out. The new readers need to get in there and fall on their face a lot in demo trading to see what it’s like walking on their own. The study of Price isn’t complete with simply reviewing an ICT video… each of you must dive into the pool and get wet.
The frustration is though I repeat the notion one does NOT need to know the “bias” to be profitable… the new readers are so scared to just take the needed steps in the beginning that they struggle and flounder to the point of doing nothing. Or worse… chase price and the inevitable occurs… the Price shift.
Hope that helps clarifies my points in the recent video rant. :57:
The level we anticipated a Stop Raid above… that’s where my limit rested and while LO didn’t get there… NYO offered the clues to allow the limit to remain for trigger.
Thank you for this ICT. I intended to demo trade a while ago. I had put together my own ICT manual from all the materials I have access to so far and think I need to own that before moving forward. I know now, even though everyone told me this before, that I should have been demoing what I was learning all along. However, that’s what I need to do to learn. It just takes me a little longer to get started.
