On the contrary… I want you to post all your trades… the [B][U]losses[/U][/B] teach you more than the wins… believe me they do!
[B]GLGT [/B]:57:
You can find something eventually that suits you… my work in this thread might not be right for some… but just right for others.
[B]GLGT[/B] :57:
The material about to hit the thread very soon will be a great help to you… it will provide a daily routine and checklist you can apply and narrow your focus where it has the highest probability of success.
[B]GLGT[/B] :57:
[B]How do you feel about your current level of Forex understanding?[/B]
I feel good. Really good. It was a couple of months ago where it finally “clicked” with me, and I really started to understand and apply all the concepts taught. I’m still having issues with determining trade direction during LO, but I think that will come with time.
[B]Have you found any of your poor habits removed or controlled now?[/B]
I’m less concerned with my short-term performance. More focused on the long-term now.
[B]What constructive habits have you adopted since joining us here?[/B]
I spend more time analyzing price – figuring out market structure as well as market flow.
[B]Has greed and or fear been a barrier or stumbling block for you… Or even better, have these been overcome by reducing your trade leverage?[/B]
I’m less nervous entering trades now. Greed has never been a big problem for me.
[B]We have a considerable base group here and I would like to see what your “thinking” is at this stage.[/B]
My thinking is the same as it has been for the past year and a bit – “I can’t wait until all the material has been released!” The excitement hasn’t left at all.
[B] How has your psyche has been changed by the concepts shared here thus far…This is of great interest to me as a mentor.[/B]
I was fortunate in that I found your first thread right when I was starting out as a trader; so I didn’t have a bad mentality of any sort going into trading. I’m definitely more confident in my ability to trade as a career, though!
[B]Please indulge me and share what steps you have taken and what progress have you seen in your personal development?[/B]
Well, not much has changed since September – I haven’t blown out an account yet, I’m back up to around $1600 (from my $2000 account, which I drew down significantly). I’m confident that within a couple months I’ll be back to breakeven and well on my way to being significantly profitable.
The biggest steps I’ve taken are: taking my time in performing my analysis, working with naked charts, then applying pivots/fibs/etc after I’ve worked with the naked charts, and applying market structure more frequently.
Hey guys,
Sitting here doing not much else on a Saturday morning so I thought id post up a few potential trades that one could have taken on friday going into NYO session.
Friday on the fiber i think produced potential 2 trades long and short. The first pic is of a continuation of the
move up on London open. There was an optimal entry right on NYO.
The 2nd pic is of the fiber again. I guess you could have gone short in that NYO period as price had a made big move up and another OTE formed + R1 area + .80 insto level.
This is the EUR/JPY which i know most of you don’t trade but I usually have a look at it in any case. Just
thought this was a text book continuation of the London move. Price found support at central pivot made a nice swing and OTE retracement going into NYO.
Good luck for the week ahead…
[B]How do you feel about your current level of Forex understanding? [/B]
Ive been trading for about 1.5 years and really feel like my understanding is quite good in terms of market structure, flow, when to put a trade on. So i feel pretty good about my understanding at this moment. Of course there is always more to learn. The more you learn the more you realise you still have a lot to learn!
[B]Have you found any of your poor habits removed or controlled now? [/B]
My worst poor habit is discipline. Overtrading and taking profits too early are my two biggest fx demons that i cant seem to contain for more than a couple months at a time! I take trades i don’t need to (usually after
i’ve had a winner or 2) and im too quick to take profits usually when im up 20-30 pips. I need to learn to scale out more.
[B]What constructive habits have you adopted since joining us here?[/B]
Top down analysis. OTE - waiting for price to hit the right area. I used to have too big a stop because my entries werent great. Now my entries are usually in a pretty good area. This makes a huge difference in covering my spread and getting into profit quickly. Im sure we have all been there when our trades arent in profit for up to an hour or so. This usually means my entry wasnt what it should be!
[B]Has greed and or fear been a barrier or stumbling block for you… Or even better, have these been overcome by reducing your trade leverage?[/B]
Greed hasnt really come into play however fear definately has. I fear losing trades. I fear becoming a losing
trader, i fear that this journey that i started 1.5 years ago to become full time and independant fails. I fear the fact that after all the chart time, books read, videos, fx courses I still may fail - i try to use the fear of
all of that, as a motivation to make it in this game.
Cheers
Gbl83
Gb, have you looked into pyramiding when a trade is profitable? It might help you stay in longer, oh and pyramiding is not Martingale. Basic Series 3 test material. Anyway just an idea.
The Ever Throwing Out Ideas VIPER
[B]How do you feel about your current level of Forex understanding?[/B]
I feel good now but earlier it was bad, I studied a lot from indicators->Donchian, slow stotics,
Moving Averages and Woodies(5CD’s) and found best which suits me pure price action seeing
forex futures(depth of market) and trade in direction for quick 10-15 pips that all what I require.
[B]Have you found any of your poor habits removed or controlled now?[/B]
Yes, cutting losses early, no emotions, I never use to short AUD as I have some notion in mind
never short high yield currency.
[B]What constructive habits have you adopted since joining us here?[/B]
Money Management
Has greed and or fear been a barrier or stumbling block for you… Or even better, have these been overcome by reducing your trade leverage?
Yes Greed is bigger factor with me, when I lost I try to recover with bigger lot to recover fast.
This habit I need to work more, if you can advise.
[B]We have a considerable base group here and I would like to see what your “thinking” is at this stage.[/B]
I am thinking to turn my a/c to 50k in next 10 months, presently 36k. next aim later. If this works.
[B]How has your psyche has been changed by the concepts shared here thus far…This is of great interest to me as a mentor. [/B]
I really learnt a lot from this thread specially the front videos when I saw over the weekend it opened my
eyes and impressive too, I try to visit them more often to keep my thinking right.
Money Management specially
I was not aware about institution level,overlay,cot data etc Now I now.
I trade only for 10-20 pips so don’t trade the exact strategy as I don’t trade cable at all, I trade fiber sometime.
[B]Please indulge me and share what steps you have taken and what progress have you seen in your personal development?[/B]
I am trading now with less leverage as per your advise in videos with stop losses. Now I trade with more confidence. Earlier even when I use to make money, I use to remain tensed what will happen But with less leverage and stop losses it helped and mental peace is back.
Pl[B]ease advice on these.[/B]
- I close one trade when I was on the phone with someone, I need to close other trade.
- I have to put 100k lot, I accidently put 1000k and was very tensed, fortunately I close it with 0.5 profit
Shear carelessness, How to overcome these. I am trading with oanda and have 2 carry trades opened for months and accidently closed one. - Over trading & Greed.
Hi,
I just spent half an hour responding to ICTs queries about development and it didn’t posthttp://forums.babypips.com/images/smilies/yahoo/17.gif
So rather spend another half an hour typing it out again I’ll try and be to the point;
How do you feel about your current level of Forex understanding?
About 1000% more than I did [B]before[/B] studying ICT’s methods. Still on a huge learning curve tho
[B]Have you found any of your poor habits removed or controlled now?[/B]
Focusing too much on the lower TFs at the expense of higher TF analysis
[B]What constructive habits have you adopted since joining us here?[/B]
Patience and patience. I am constrained by my life circumstances in terms of exposure to the market, this has turned to a strength, I now only trade the NYO with the twisted sisters. I have learned to wait for the set ups to appear without jumping in too early because I feel I am missing out because of time.
[B]Has greed and or fear been a barrier or stumbling block for you… Or even better, have these been overcome by reducing your trade leverage?[/B]
No not really, I am at a stage of life and career where fear and greed aren’t such a big deal. But I have a [B]fear of success[/B] which is a stumbling block - is this naive?
[B]We have a considerable base group here and I would like to see what your “thinking” is at this stage.[/B]
It has taken me some time to knit all of the methods and tools together into a cohesive whole and I am still struggling with this. But I suspect that it is experience which is the key - something ICT can’t teach.
What ICT has provide me has far exceeded my expectations, I know he has more to share, but honestly what he has given me the most is confidence. This confidence comes from his methods and his altruistic approach to teaching. My sincere thanks.
[B]How has your psyche has been changed by the concepts shared here thus far…This is of great interest to me as a mentor.[/B]
Yes, confidence in myself and the methods has increased enormously. I don’t second guess myself nearly as much.
Please indulge me and share what steps you have taken and what progress have you seen in your personal development?
Strict adherence to money management. Higher Time Frame analysis have been a boon to my development. Along with enforced patience.
My thanks go out to ICT
[B]How do you feel about your current level of Forex understanding?[/B]
Started learning Forex and luckily came across this thread. I can say my understanding still intermediate level and need to learn and practice more.
[B]Have you found any of your poor habits removed or controlled now?[/B]
Yes. I have less fear now since you taught to reduce the lot size to reduce the fear. So not using any leverage at the moment until I can become consistent profitable with no leverage trading.
[B]What constructive habits have you adopted since joining us here?[/B]
Since this was my first training after finishing babypips school. So I just try to trade your concepts. 70% of my learning is from this thread and ICT videos and thread followers. I adapted to trade only during kill zones, less trading, only few pairs to trade etc.
[B]Has greed or fear been a barrier or stumbling block for you or even better, have these been overcome by reducing your trade leverage?[/B]
Greed is not a problem for me. Yes I have less fear now since ICT told once to reduce my leverage so I am not afraid of losing money. Less fearful now 
[B]How has your psyche been changed by the concepts shared here thus far?[/B]
More confident. Less emotional trading. Less fear.
[B]Please indulge me and share what steps you have taken and what progress have you seen in your personal development?[/B]
When I started learning about Forex like many people I was comparing it with gambling and was not looking at it like serious business. Now I believe after meeting ICT in this thread that it can be a full time business. It is not a risky business as long as you control your leverage, manage trade and manage money according to the teaching in the thread. I feel more confident now that it can be done.
I am still trying to learn how to get daily bias correct at LO. How to be consistent profitable.
Thank you for sharing.
GLGT
Hello all,
I only recently discovered this thread and have just finished watching all the videos.
First, I would like to say: Michael, What you have put together here represents a massive amount of work and knowledge and I cannot thank you enough for making it available. (I have to ask, do your wife and kids ever get to see you?!)
Although I discovered Forex just over a year ago, I have not actually placed any trades yet. Nothing I tried before I found this thread made me feel as though I would not be gambling and I was getting discouraged. These videos have completely revitalised my optimism.
There are a couple of things that have not quite sunk in yet. One of them is market flow.
I would be really grateful if an “old hand” could confirm that market flow is down in the example below and that I have interpreted it correctly:
Thank you!
(Edit: How do you get images to show as images and not as links to images on this forum?)
Hi Pajo,
It was in the ICT Pro Trade Review: 07/19/11 Video.
Michael, you say in a couple of your videos that you have read hundreds of books.
I just wondered whether there are any you thought might be worth reading for a Newbie trying to pick up background? Thank you!
PipBit,
That’s excellent! Thank you.
Check post 2838 page 284 for a starter list
Yeah that happened to me too, twice now, soo annoying. Im gonna type them in Word first and cut n paste them in future
Yes you got it 
Something i still dont really understand is trading around news releases.
When news comes out at NYO i wont trade it. I always hear dont trade the news and ofc ive seen the huge news candles, im sure we all have…
But i understand that news drives the markets. So whats a guy to do? Stay out to avoid the volatility or trade it to catch the move?
Thank you thatsrightjack and The Hunter!
Micheal showed in a recent video how you can get a clue before the event which way to trade them but he also said he doesn’t trade news as a general rule.
But if you want something different to do with news then go through the 1 hour charts and study what price did on the next day or so after those big runs.
Wally