Well, ICT is back it seems, posted on the twitter thismorning, something about seal-team6 dropped him off, LOL, all bruised and tathered, lol…
If noone knows, another Forex Guru named Reza was supposed to have his first seminar in Canada a few months ago, and got kidnapped and beat, Bently stolen, and was found 10 hours later in a ditch.
Now, they say he set it up, and some say, he had it coming, because he did steal millions from folks.
*shruggs, Who knows…
ANyways, I do follow ICT. I am doing better now, not mainly because of ICT, but because he trains you to look at the bigger picture, and be more in-tune with the price action.
So, for a month, Ive been using things he taught. And he is right in alot of cases. He is based on purely the manipulation side of the table. How the Money Makers make the money, how they set up novice traders,…
There are certain times you should be in the action, mainly the average of all liquidity movement over history.
He calls these kill zones.
I personally enjoy the breakers, and orderblocks, as they are pretty much on the money if you know how to spot them.
Now, anyone can make money in Forex, because you really only have 2 choices in which to make, Buy or sell.
The hard part is the directional bias, and how far it could possibly go, and turn, or consolidate, or reach for liquidity pools to get traders in the market, just to jam them up, and take their money on retraces or accumulation and distribution.
Whats the max the price could move? I now know those things. Everyday, certain things happen, at certain times, and mostly they are repetitive in nature.
I dont care if the dude is full of hot air, If he goes nuts once in a while, its Forex, this sht isnt easy, and it can get to ya when your trying to crack the code.
At the end of the day, What he mainly does is keep you more intune of the action, be vigilant at certain times of the day, Look for areas the Money Makers will reach for to pull in traders for better pricing, and levels to look at for price runs and bounces.
Him being wrong, and hiding it, or disappearing has no bearing on my assumptions. This month I seen trades he didnt, and I went against some of his thinking and was right when I did. For Him personally, he has a problem with excepting losses somethings I guess. Heck, I do too. But, its him, thats ICT.
But he also doesnt give signals, alot is in hindsight, but it still aligns with alot of his teachings.
I use some of this things, not entirely.
Im really diggin the correlation approach, and using ICTs orderblocks and Breaker blocks as entries points, and central banking range, as a target range, Thru the deviation standpoints of the range.
I actually did better this week with him MIA., A few times, he would post something, and it would make me, go, Hummmm, then it throws me off, and then Im prayin for 6 hours.
So, like I said, Im selective with some of his teachings, and use some of my own tactics to get my pips.
His stuff is difficlut to learn, and if your not intune with him, Youll struggle.
There is no way of knowing if your doing his things right, but by doing them, and finding a result. You cant just tweet him a chart pick and say, " yo Michael, does this look right"? Am I doing this right? He wont tell you yes or no, so you have to find out yourself thru trail and error on the charts.
Certain days, His stuff works backwards too. But its free, some are eye opening, some arnt. You can always head over to trade empowerment crew and make that 6% a year. WHile forking over $196 a month for 8 pips a day, while watching all the better trades float away while looking for patterns to form, which ultimately is late because they need great moves to form, lol… I dont understand that whole pattern thing, I think its nonsense to be honest. I think they have like 4-5 master traders over there all selling the same pitch, “swipe right, share the feed”
Go check out Rezza. ____ wrote a nice paragraph, but deleted, dont want sued for slander<< “im not starting till I have 1000 viewers”, ***hits hooka"
All I know is, I got what I need to make my goals, Im on my way, and some of ICTs stuff helped me tremendously, and some wrenched my thinking.
So, with all that crap said, *Shruggs, its just trading, dont make it hard, know your levels, dont trade in the middle of them, and most of all, Mind the USDX.