What Every New & Or Aspiring Forex Trader... Still Wants To Know

[system]

14400

Good Luck & Good Trading :57:

can someone help me figure out what the return was on the short from 1314 eur short? The tweeter wasnt easy to figure out when it come up. What was the profit? 1.2 at 30 pips 600k at 65 pips and what did the remander make? What does this say the begin lot size? Im confuced

[system]

It is already in one coming soon… Hans is great!

ICT you gotta use this track in one of your vids. I think it suits your “inner circle” status

Inception Soundtrack-Dream is Collapsing (Hans Zimmer) - YouTube

[PIPhanger]

Looks like I will have to rewatch this last video a dozen times to get the info…I’m a little lost on all that information…It was a lot of information to take in all at once…

[system]

We pull it all together in the end.

Looks like I will have to rewatch this last video a dozen times to get the info…I’m a little lost on all that information…It was a lot of information to take in all at once…

[fury]

We pull it all together in the end.

Please sir, I want some more

[syzygus]

Good one tiny fury…lol

[poca]

nice video.

also i like this one Clint Mansell - Requiem for a Dream Remix - YouTube

[CCfromTX]

OK-Maybe one or some of you fine souls can help this newbie out. I’m just starting the 4 weeks of noting and demo trading off of previous day’s/week’s high and low that ICT suggests. I realize that this is an exercise in discipline and recognizing price movements. Since Im starting today at the beggining of a trading week, the weekly high/low should be obvious-as should the previous day. But once I get into the week, what time zones should I use to establish daily hi/lo (Metatrader time, New york time, etc) Also should I adjust weekly to account for past 5 days or keep the levels I set initially?
So, Im using GBP/USD my weekly hi/lo are 1.5779/1.5457 the previous day hi is 1.5576 and lo depends on which time zone Im using. So, do these numbers look right? any other suggestions? Thanks-Chris

[mozdef]

really good video…can’t wait to see how you actually use all this!

[Rokas1989]

Hi Chris,
There are 3 ways of finding hi lo for the day:
1 NY close 17 EST
2 00:00 GMT
3 00:00 EST
Same goes for pivots just NY close (i think Clint uses those) is not as popular as GMT or EST. So no hard rule to use one over the other… Good luck trading

Great video i really, really waited for this topic. Will read at least one of the recommended Murphys books. Lol books to read list will skyrocket at the end of ForeXmas…

[system]

400,000 hits to the thread… Impressive folks.

[akeakamai]

I have actually owned that Murphy book on intermarket analysis since 2008, but never really figured out how to apply it to my technical analysis. This will be amazing getting to put such an old book of mine to good use!

I’m already really excited for the 2012 trading year, and I want to do something extra for the thread and its current and future participants. I want to take an account and make its month-to-month performance available for anyone to see. I don’t want to commit to trade by trade reviews and updates… my workload is to capacity right now… but hope I do get the time to do a few trade summaries per month.

What is [B]most[/B] important to me is sticking to the account over the long term and watching the actual process of compounding do its work on an account balance. I’m not sure that I can make this account grow even, but I believe I can, and I hope everyone understands this is simply me giving my best effort at something that is important to me.

I have a rule to limit deposits to $200 per month, and only after a Monthly gain of 2% or more. I’ve discovered a fatal flaw in my past attempts to build accounts. I would often deposit more money after [I]losing[/I], instead of waiting for confirmation of success, and the reults were generally disastrous.

So here it is, so far. A bad start to the journey, but like I said, commitment to the journey will be more important to me than positive results…

[PIPhanger]

akeakamai,

Thanks for doing this, it will be great to see you grow your account. Looking forward to it.

I am also starting something like this in 2012 and creating a blog for it.

I really like your excel sheet you have, might need to copy that idea for myself.

GLGT

[fury]

I have actually owned that Murphy book on intermarket analysis since 2008, but never really figured out how to apply it to my technical analysis. This will be amazing getting to put such an old book of mine to good use!

I’m already really excited for the 2012 trading year, and I want to do something extra for the thread and its current and future participants. I want to take an account and make its month-to-month performance available for anyone to see. I don’t want to commit to trade by trade reviews and updates… my workload is to capacity right now… but hope I do get the time to do a few trade summaries per month.

What is [B]most[/B] important to me is sticking to the account over the long term and watching the actual process of compounding do its work on an account balance. I’m not sure that I can make this account grow even, but I believe I can, and I hope everyone understands this is simply me giving my best effort at something that is important to me.

I have a rule to limit deposits to $200 per month, and only after a Monthly gain of 2% or more. I’ve discovered a fatal flaw in my past attempts to build accounts. I would often deposit more money after [I]losing[/I], instead of waiting for confirmation of success, and the reults were generally disastrous.

So here it is, so far. A bad start to the journey, but like I said, commitment to the journey will be more important to me than positive results…

I have a feeling 2012 will be your year, you have been on this thread from the beginning providing feedback and trying to grow with an honest effort, I think you will be rewarded for your time soon enough.

[crazysac99]

You´re right, and indeed today´s trend was bullish, BUT, you have to take into consideration the average daily range of the pair that you intend to trade.

In this case, Fiber and Cable had already completed their ADR by the New York Open Kill Zone, so, even though they didn’t exceed it, the conditions for a short trade were there, and it was safe to assume that a trade back into today’s range was very likely.

That’s why IMO NYO and LC are the easiest sessions to trade; you already have the daily high or low, and just have to see wether there´s a potential move to complete the ADR or it has been completed and a trade back into the range is imminent.

Just my two cents.

Where are you getting your ADR values? Are you using a rolling period or historical figures?

[wrtm_19]

Mataf dot net.

I get my numbers there, and some more info, like volatility per day of the week and hour of the day.

[PIPhanger]

Santa, I was good this year, did you forget to scratch my name off the naughty list from last year?

[system]

[PIPhanger]

I guess I was good this year…you are the best Santa (aka ICT)…

[fury]

@InnerCircleTrader

This is how I was trying to view the London Open but i was always looking at previous days high low then realized after the higher timeframe that there may be more important support and resistance to be viewing. Simple illustration powerful image.