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One of the mistakes is trying to understand all ICT. You only need one setup, not all of the ICT theory, tools and ideas. The most popular step-by-step practical ICT course is 2022 Mentorship because it is, actually three setups in one. (ICT 2022 mentorship playlist on youtube)...

I understand that is for automated trading, isn't it? For discretionary trading, we need tools that accept input from the user. I use soft4fx a lot, a cheap tool that is integrated on Metatrader and uses real financial tick data to generate any other timeframe. Cheers.

Those of us who have been for years in the industry know that even a trained monkey can make money in markets because it is just about having an edge, not following a specific system. Chart patterns, support and resistance, fibonacci, forex, binary options, futures, option premiums, indicators...

I mean, it is tested, it is proved multiple times. There is not any doubt ICT is a high precision system.

Aynone saying ICT is waffle is probably either a scammer or someone who does not know how to trade. Be careful.

Check ICT in the search box, there are a lot of old messages tackling your subject. I will only give you the basic message I always post: 2-5 years of learning, 5% chances of achieving your goal. Take it very seriously otherwise, you won't have any chance.

That statement does not have a cohesive meaning. I do not get what you want to communicate. In any case, you need a density function or a frequentist probability analysis to validate your strategy. If you haven't done it, you do not have a strategy, you are gambling.

I trade futures of indices, that are similar to the CFDs you'll probably find around. I normally trade NQ (some CFD providers name it US100, USNAQ, NASDAQ, NAQ100 or similar). You can find good entries in NQ between 8:00 and 11:00 and from 14:00-16:00 New York time. Outside these hours it's...

Consider EST time zone only 4 the purposes of this post. The Asian range comprises between 20:00-0:00 hours. You will see many times Judas swings emerging from it, especially in USD fx pairs during London open time. You can extend this notion to other ranges and assets, according to the...

The ultimate strategy is backtesting your technique a few thousand of times to get a realistic perspective. That beats any theory.

What do you mean? You have to keep a risk reward ratio that averages a positive return. Just that. There are two lies: The RRR must be higher than 1:1 and that you have to risk about 2% Risking about 0.25 to 0.5% maximum will make you consistent. Aiming low RRRs will secure a lot of $$$ for...

See, this is a random trade. The one I took this afternoon. It is really ugly and one has many of these. The red arrows are short sell orders (a main one and then two more adding more contracts to the short position) and the blue arrows are partial closes and the final closing order by 10:00 AM...

From the technical analysis standpoint, ICT (not SMC), is the best by far I know. It requires two or three years to learn it. You must understand that most people, no matter their personal traits, will never learn to trade. You have to brand it into your skin, otherwise you won't ever have the...

Just a couple of thoughts on these: 1) AUDUSD moves quite well during London Open session. I prefer EURUSD because both of them do the same and EU has more liquidity and lower spread. 2) XAUSUD moves nicely after the NY preopen and before the NY afternoon sessions. With that in mind, you do...

I rarely recommend traders apart from ICT himself. I also know Offshore method and, if you want to simplify ICT, you need to check TraderMike on Youtube, he is really good and simple, and also applies ICT. Much easier to get than the rest with an effectivenes of about 2-6 percent a month net profit.

If you diversify, the future of one of your investments becomes less important. I have long positions opened in BTC for years and I really do not care what is going to happen with it. In 10 or 20 years, I will review my positions and that's all.

Being important, notice thet PDH and PDLs are often targets, no starting points. Once you get there, you want to close your position. It is true, though, that sometimes you are lucky and your session starts with a PDL or PDH being taken out, and magic begins. You may be more interested in...

I used to trade stocks in the 90's. Forex is better but US indices are way better imo than all of these. I am deeply in love with Nasdaq in particular. I trade naked charts and the price action of stocks is not normally as good as other assets. Besides, it is harder to find a reasonable...

You started to trade before you verified your edge worked. Mainly speaking, you have to take one single setup and make it work using demo or simulation, never live trading. After 6-12 months consistently making virtual money on a regular basis, then you would acknowledge you are ready to...

Absolute poverty can't. So, let's give a try to money.