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

So since you are online and in a good mood, maybe you can unlock one of those videos… maybe the ‘judas swing’ since akeakamai was the one to bring a smile to your face and tea to your keyboard. And I am pretty sure he was the one coining judas swing.

I was looking at friday and thinking damn there could have been three good trades if you were playing the game, and welldone mr. fx1, welldone.

Santa’s at work on videos… but it won’t be Judas tonight…

Check back in a few hours. :wink:

hello every one

i was searching the thread for the tirnity zone indicator for MT4 but could not find it i think ICT used it on one of the videos.

can any one help me please?

GLGT

[QUOTE=fxnumerouno;301198]Hey guys,

nice short you caught on Friday, but wanted to share what I saw and traded in LO (another day at home hehe). It might remember you at ICT’s Buy Setup

nice,i saw it pretty much the same way,trying to rewire my brain to c it this way,OTE’s,used to wait for price to show me the hand,but, serious benefits with OTE when timing corect

Read more: http://forums.babypips.com/newbie-island/36328-what-every-new-aspiring-forex-trader-still-wants-know-547.html#ixzz1gDaoMq9N

not searching deep enough it seams… :slight_smile:
a quick tip: presuming you’re subscribed to this thread, go to your Control Panel => subscribed threads list, should see this thread, then near the bottom of the field, you should see a little paper clip icon, click on this and will see the list of all thread attachments, find the zip file with your attachment and you’re all sorted. the downside is that due to the monstrous size of this thread there is over 300 attachments… :cool:

well, took so long to explain, but is very easy and takes 3-4 mouse clicks… :41:

in case you struggle I’ll attach the file anyway

p.s. Manta made his version of the indicator too, which I like better, u can find it on his site.

Hi Martin,

Thanks for the indicator, I’m just testing it out now. I just have a quick question, the blue circles are LTH/LTL and the red ones are ITH/ITL, correct?

Thanks again! This was always something I had troubles identifying.

Regards,
Clark

I was going to ask the same actually (but forgot :)) …
so, MGBurns how we read your colour code please?
thanks

[B]Hey Babypipsters[/B]! :wink:

I wanted to shed some light on some things I already knew would occur as it did over a decade ago when I was sharing futures trading concepts. I get a ton of emails daily, and if you recall I started with Babypips in March of 2010… with the thread “What Every New & Or Aspiring Forex Trader Wants To Know”. Something I want everyone reading here to check out for themselves.

I gave some nuggets worth a thousand times their weight in gold in that thread. I shared how to determine directional bias… daily. I told you when the market makes it’s high or low daily. I told you how Smart Money “engineers” false moves to stop you and the majority of the Retailers out… only to see it surge in the direction intended for the day.

It is ridiculous to see these guys come out with courses selling for 2000-5000 usd and claiming they have it together and with a background in forums and a large pool of websites I haunt… I see these guys just months before asking me questions in emails and or posts in forums. They produce Demo account wins with absurd leverage, claiming it is how professionals trade… and “Average Joe” sells the wares and never trades the course.

Why am I ranting here? What I am going to be releasing will be most definitely repackaged and new gimmick names and spin… but they can’t claim it… they can only imitate me. I guess I could be flattered, but in reality… I’m disgusted that these guys mine the forum and repackage it as a Forex Course for sale… only to rape the novice trader with impressionable mindsets. I make a killing folks… and you can too. You do not need to buy a system or indicator from peddlers. You have 80% of how to make millions in this thread… it cost you nothing out of pocket… but I have put a huge premium on it. The veterans in here know what that price is… Patience. I spent a third of my life developing this approach to trading… more money than most would shake their heads at… and hours too high to even try to estimate in study.

You should never… I repeat this with the strongest sincerity… never buy a course more than couple hundred dollars if at all. I waste money on this stuff because I have it to spare… and the majority of what you see on the shelves for Trading… simply doesn’t W.O.R.K.

What I have given you is a Chest of Gold… I am about to give you the Gold Mine. I wish to thank those who have remained interested since the beginning of my journey with Babypips. Like the previous material… this next round of insight will definitely run across the internet. It is what every Trader wants to know and nobody tells them how to get it… but me. :wink:

Why am I doing it? Why not just keep it secret and trade it selfishly?

Simply put… I do not make money from selling things to people. I make money by doing what I do and since it is how the “Internal Engineering” unfolds daily… I absolutely do not fear or worry about how it will work for me if I share it. I know that Casinos are not in the business to close down… and yet slot machines pay out daily. The game is on ratios… it pays out when and only when a dollar amount is deposited initially… then you get a release in coins paid out. This same concept is adopted in the markets… daily.

I hope you all sincerely enjoy and above all appreciate the level of work I have invested in this journey with you. The length of time I knew would lose many readers going forward… and that was the plan. I wanted to weed out the convicted and tenacious folks… that is precisely what makes the successful Traders. Those who have stayed engaged but pulled their hair out weekly as another week passed with no new material… yet worked with what they had. Study the thread posts… these individuals stand out and exchange more than the rest. This is by design.

If I have driven you mad or offended you by my timing of the materials release… I achieved my goal. You are experiencing the very traits I had early on as a developing Trader… and these were destructive by nature. I needed to know right now… and I didn’t spend time with the things I already had.

A painter with any brush can paint… a painter with the proper brush can paint much more refined portraits… allowing clarity to elevate his/her works. Where will these tools and concepts take you? The answer is most likely where the previous concepts already shared have taken you. One group may have achieved a higher level of understanding and closer, if not already, to that of consistency. Another group who is trapped in the cycle of “seeking” will take it and simply shrug it off and continue the relentless pursuit of the next big thing… or hot new secret.

I can tell you… this IS the secret. It hides in plain sight and 90% never see it… even in hindsight. So I wanted to sound off and give you something to contemplate as we race into the ForeXmas delivery date. True… I can be viewed as a tease… but I want you to understand the feelings you are experiencing are part of the problem… and will not be part of your development.

Remember how this journey began in March 2010… it was told to you right from the start… it would cost you… and some have paid and some are not willing to. It’s is a terrible word to new Traders… and dreaded is the “P” word in forums lol…

Enjoy the material folks and please… do something amazing with it… and bless someone with the fruits of it.

[B]GLGT [/B]:57:

I’ve just arrived at the thread and am busy trying to work through all the great information here. I’m not aware of some of the terminology used - can someone please point me to an explanation of SMT and SMT divergence ?

[B]Folks[/B]…

I want to suggest a new tactic for each of you. I would like to encourage you to put a weekly goal list together and post it Sunday night. This could be simple or elaborate… go with your gut on this one.

Possible example might be… but surely not limited to:


This week I Aim To:

  1. Wait for Price of XYZ/ABC pair to trade to this level.
  2. I plan to trade it at this specific price and control risk by # pips / $ basis
  3. I plan to trade one setup for the week that offers 50 or more pips.
  4. I aim to spend time doing xyz away from the markets.
  5. I plan to share xyz with Mr. or Mrs. on forums or real life.

Friday or Saturday Week End Reflections:

What was the outcome?
How did the week pan out emotionally?
How do you feel at weeks end?
Anything you learned from the week?

Try this and let’s see what it does for you…

[B]GLGT [/B]:57:

thank you a lot kubio

i do not know about this before

thanks again

I appreciate the rant ICT. There are a lot of unscrupulous people in this world willing to make a buck off someone else’s work and their lack of intelligence. We refer to them as losers. If you are one of those reading this you know who you are and what you are.

On a more positive note, I joined this group in April 2011. Luckily for me I found this this thread, and great bunch of people to help in my journey. The downside is that I was 6 months late to the party. Since I was late to the party, I felt like I tried to catch up too quickly and missed the point until then- trading the basic concepts you taught up until that point, and patience. I am just now learning patience. It doesn’t bother me one bit you are holding the ForeXmas bag of goodies because I am still trying to master the concepts you have already taught.

I am looking for the third, and final career in my life. Why am I looking for another career? I am a health insurance broker, and with Obamacare looming in 2014, my business I have built over the last 9 years will most likely go under. I have submersed myself in FX since April, trying to learn as much as possible. I have posted my results in the past on the board and am happy to say I have 3 positive months in a row now, with November being my best results thus far. My wife is even on board now and we discuss trading everyday. She was sceptical at first, but started looking into it, and googled Michael and FX, and realized this is legit. She even mentioned the other day she might want to try a demo account.

So right now, I am eyeing the 1.55 level for a long term entry. After htting the lows in Oct, and a failure to break the low in November. This may be the turning point into the “Xmas rally”. If it hits this level tomorrow, it will be a confluence of 79% retracement, Weekly MS2, prior day S2, and a solid even number. I opened a 2nd account last week for trend trades, hopefully I’m right about this as we could hit this level this week. There was also a COT extreme at the Oct low, and now a retracement back, just as ICT had outlined in the trend trade video, this may be a great opportunity to enter on the retracement of the COT report and daily chart.



[QUOTE=lazydogs;287517]here is an update of my trading. The percentages below are based on my initial deposit:

April +13%
May -10%
June -.2%
July -3.7%
Aug -.48%
Sept +6.9%
Oct +9.1%
Nov +14.7%- starting Nov, my returns are based on prior month’s ending balance

My goal’s are to achieve a 15% return each month

Among Many goals - here is the highlight of what I consider the most important - and should be accountable for:

Edit - adding number 5 as it is the most important - spend quality time with my family even if it means not accomplishing one of the others.
ICT does teach a balance - and I’ve not had that for a long time - so it is important to me to add to the list.


To your question about if Search and Destroy is valid on any/all timeframes?

ICT has always said everything he gives us works on any timeframe, basically anything that is tradeable…

Yah, I think I have been a little needier lately because I have a pretty invasive eye surgery on the 16 and its a week out of commission for sure, so no forum reading and video watching. Well if you drop out the goodies in between that down time I will show my girl how to browse the forum pre-surgery and she can play the videos as I lay there envisioning harvested pips.
That does count as quality time with your girl right :wink:

Great idea ICT, so if you don’t mind I will try this:
For G/U
I will apply search and destroy IF price ranges in between 1.5700 and 1.5620

Look for 5min OTE longs at 1.5560; 1.5500; 1.5420;
Closing 30% at swing high, 30% at daily range and 40% at 1.5850

Look for 5min OTE shorts at 1.5760; 1.5850
Closing 50% at swing high, 50% at daily range

Risk 1%; if LO is a loser, one more attempt may be made during NYO. 1H lines may added mid week

My plan for the week:
Wait for price to retrace towards 1.5750 and start looking for shorts on gbp/usd
Due to work, I cant trade everyday, so I’m starting to look at set ups on the weekly, then drill down and stay in until price reaches 1.5450 level. I’ll be using TT, Pivots, Fibs, and kill zones for entries.
Next goal, is learn mt4 so I can start using all these helpful indicators vs. figure pivots, etc… by hand
In “real live” I plan to only work 3 days next week, the 2nd part of the week I will spend with 2 of my sons who are coming home from college for the christmas break.

GLGT
Jack

[B]Welcome to our world, suckaz![/B]

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