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

Money is money. A million dollars from daytrading = a million dollars earned from hedgefund. I agree with the hierarchy, hence, you beat it, by starting your own. :slight_smile:

From things like thisā€¦ thanks for your continued interests!

:57:

Okay enough forums for tonightā€¦ Mrs. ICT Birthday and I need to take the Traderā€™s mask off and put on the Husband roleā€¦ have great morning, afternoon and evening!

[B]GLGT[/B] :57:

So newcomers, if you want to participate, thatā€™ll be $50 000, one time fee, just contact me via Skype.

Read more: 301 Moved Permanently
Clarkfx i was wondering how you were goin to fund your hedge fundā€¦lol:18:

Tell her I said happy 21st birthday! :slight_smile:

lolā€¦ i was wondering how you were goin to fund your hedge fundā€¦haha

different strokes for different folks ā€“ this IS my backup plan at the moment. I am hoping within sometime however this becomes my source of income - so I can get out of the j - o - b.

Yeah, got in at 1.5705. Waited through the muck a bit and closed for 7 pips just a few minutes ago. Better than nothing I suppose.

Matty

LOL! Pips was rightā€¦and I was bigging you up, Clarkā€¦not putting you down. We are not quite there yet, but two years down the line when you are raking in the cash, are you seriously going to be still sitting in a lecture theater taking notes from a guy who has either spent his life talking about finance, and not practicing it, or practicing it and not succeeding at it (hence his move into education)? They always give you a honorary degree later, if you really want something to hang on your wall :wink:

(Sorry for the late replyā€¦this seems to be the week for fried modems!)

Regards

Haha I know Ali! And maybe if I hit 7 figures, Iā€™ll drop my ass out of schoolā€¦ or buy my degreeā€¦ :wink: LOL

Yo akea, iā€™m in the same boat as you although i quite college to run my own business (not forex). Id like to do a little day trading on the side. If i could go full time i would although Iā€™m to busy at the moment to make that work. Thinking of going live in January as well as you ( i think you mentioned it earlier in the thread) so ill be fallowing your blog/progress closely.

Iā€™ll start a live journal with a 5-6 figure balance.

GOOD FOR YOU CLARK!
Is this money you have traded from your original 400 bucks? I think that was what you started with like a year ago.
happy trading all.

Yeah I wish! Lol, nah Iā€™ve been trading for a while before all this. :stuck_out_tongue:

Now that would be awesome to see. 2012 will be quite the year :smiley:

Here is something for you to watch during lecture hall. Not educational but pretty entertaining anyway. One of the guys they interview is starting a fund. He traded 10,000 bucks into a million in one semester while attending college, or something like that. If i remember right it says something about him taking his whole dorm out to eat when he reached his goal. Anyway if your bored sometime its kinda cool.

Wall Street Warriors - Full Episodes and Clips streaming online - Hulu

Not only has my trading mentality completely changed, my gym mix on the Ipod has gotten a serious upgrade. :smiley:

Doe anyone remember the date of the video on Z days. Also Iā€™d like to go back to when the buy and sell day charts were posted. Does anyone remember wen this was?

the z day was 5/23.

So Iā€™m just trying to put together my thoughts on where we are headed right now and was looking at some SMT divergences. I have it drilled into my brain ā€œIf highs diverge, look for price to go down. If lows diverge, look for price to go up.ā€ But what Iā€™m not sure about is if it matters what the preceding trend is before the divergence. I kind makes sense logically to me that if the fiber and cable are both making higher highs, but then the Cable fails to make a higher high, thatā€™s kinda the first indication that price has reached an intermediate or long term high, and the dollar may be moving up, so we can look for both pairs to head south. Conversely, if both pairs are making lower lows, and one then fails to make a lower low, it tells me price hit a lower barrier of some sort (or the USD hit some resistance) and is turning around, so expect both pairs to go up. In the pics below this scenario is represented by the first divergence (in light blue), and as expected price dropped of nicely.

BUT is SMT divergence equally as powerful and predictive if the two pairs are making lower highs, and then all of a sudden, on makes a higher high while the other makes a lower high (as represented by the red lines)? That, to me, doesnā€™t seem like the same scenario. Yes, we had highs diverging, but its not its not like the cable traded up to some level of support and is starting the NEW bearish trend for both pairs, since they both were bearish right before the divergence. Does that make sense?

If anyone understands what Iā€™m jabbering on about, Iā€™d love to hear your thoughts. Michael, would you give the same weight to both divergences in my charts below? Does the red divergence make us think we are going to continue lower?

Thanks in advance for all your opinions.

Matty

ā€¦just remember chaps, an Important Euro Meeting is happening, be extra careful if tradingā€¦
GLGT!

has the OTE sell fiber unfolded or am i forcing seeing things :slight_smile: ?

  • H&S resemblance under yesterday high

Hi Guys,

I just completed writing an MT4 indicator that displays the intermediate highs / lows as well as the long term highs / lows as per ICTā€™s Market Structure video.

This indicator complements the williams fractal indicator and draws a circle underneath the ITH/ITL/LTH/LTL fractal.

Hopefully this will assist your market structure analysis.

ā€“
Martin