thereās one thing i do when i get the feeling iām about to do something that i shouldnāt. I sort of breath in and ask myself: what would a normal person do? Canāt explain why that ānormalā does the trick, but somehow a more detached perspective takes shape. if works for you too, then go ahead and be normal
Are you doing the same analysis as with your winning trades PM, looking at the HTFās, S&Rās, MS and Swing points or could it be a bit of impatience creeping in and wanting to get involved with the market and forcing a view just to open a trade. Possibly a bit of overconfidence and thinking you need less confluence after the winning tradesā¦? Just some thoughts.
Lower your position size to where you could care less if it goes against you, but keep trading your style until things turn around. If you stick to what ICT teaches you will eventually turn it around and get your confidence back. Then slowly go back to your normal risk.
Thanks for the advice guys That ānormal personā thing really helps haha Although to be honest, vladulās comment actually motivated me the mostā¦ Hmmm, weāll see if Iām still a 95%'er at the end of this year.
I just watched the last PTC video. I noticed that ictās levels on the Fibre and Cable are about 7 - 10 pips different than mine. I am trading a live account but not on the mt4 platform. Is this the normal variation you will get from different feeds.
I donāt get why your are sometimes trading all four pairs (E/U, G/U, E/J, G/J) at the same time. It doesnāt make sense because they are so correlated. If you want to spread risk out on multiple pairs consider trading just one of E/U, G/U and one of A/J, N/J at the same time.
Thanks for your response. I liked the idea you suggested of whatever happens, make sure you walk away with some profit.
No, I would not be re-adding the position I just took some profit on because thereās a 30 pip (or whatever) difference in entry point and take 1st profit point. And when I take 1st profit, I would set stoploss on the remainder equal to breakeven and let it run. Now in case it retraces, trips the SL (for zero loss, since its at breakeven). I would then re-enter at pretty much the same point I entered first, then price resumes its course and goes further (look at the chart, which hopefully you can see)
Fortunately or unfortunately I am not in the US and neither is my broker.
I reinstalled ZUP and found this nice Butterfly on the Cable, yesterday at London Close.
So far, midway thru Asian Zone its up about 40pips
I remember Michael mentioning Harmonics, in passing, a long time ago, although he has never detailed the technique.
Chris Lori does in his complete Forex Course.
Rod, do you also look at Wolfe Waves as one looks to be developing on the Fibre 4HRā¦? Still experimenting with those but it looks like a descending wedge in any case.
I donāt really want to detract away from ICTās core concepts but like you say, he has mentioned these patterns in the past.
Awesome, awesome, awesome Video! I absolutely love the āāfractal analysisāā and āāmarket turning pointsāā concepts explanation.
I need to watch it many more times thought, but it seams that the dots getting connected.
