sqa said:.... That doesn't mean there isn't money to be made in the middle.
sqa said:That doesn't mean there isn't money to be made in the middle.
tmancini said:Just read through the last couple of pages and agree with PipHanger in that some of the recent trades ICT and you guys have taken are counter-trend trades not in line with the strict rules defined, at least those taken from the Sniper Series videos where directional bias was taken from higher timeframes and trading OTEs using fibs were taught, honing entries down to the 15m chart after a shift in market structure.
Seems to me that the ICT style of trading has evolved or has been simplified for the benefit of day trading junkies as follows ...
Trade the LON open or NYK open on the 5M chart. Notice where is price is now and look left. Is price sitting within a recent bullish or bearish order block? If so, trade in the anticipated direction up or down, depending on whether price is framed within a bullish or bearish OB, regardless of directional bias.
syzygus009 said:in the sniper series and the went series, what are the 3 timeframes for directional bias?
tmancini said:Weekly, daily & 4 hour ... Nothing wrong with independent traders at all, and by the sounds of it some of you have been trading with Michael several for years using various methods which have been refined over time. Personally as someone new to these concepts I've found it overwhelming especially as the trades outlined in recent videos are very different to what has previously been taught in past tutorials and video series.
Seems to me that the ICT style of trading has evolved
sqa said:There's roughly 200 hour of ICT Video available. You've barely scratched the surface of his tool kit. ;D
the golden gun said:What a lot of aspiring traders don't want to hear, and especially Piphanger, is that it's a lot easier to make money when you can focus all your attention to trading, and being ready to trade (including adequate sleep), without having to worry about going to work for 8-12 hrs per day.
Piphanger wants to know exactly what I was thinking when I took a winning trade, I assume so he could theoretically replicate it next time in his own account. But what he's forgetting is that even if that trade was WRONG, and I lost money, I'd still be available to mitigate that loss in NYO and maybe even LC. Having the loss mitigated allows me to take on the next setup with even more confidence. So my extra availability compounds my success.
Same is true for ICT, and as much as he tried to hide it by telling stories of his own early struggles, I did finally realize what an extreme handicap it is to be working a FT job and trading at the same time.
Piphanger seems keen on replicating my success, but I really can't say it is possible based on my own experiences because it's only when I was able to dedicate all my energy to trading that I actually achieved the profits I was expecting. That said, I still think my expectations are more modest than Piphangers, another attribute I don't expect him to be able to replicate.
But of course I find it hard to believe that it is impossible to do both at once, so I'm sure there are many people that ARE finding success while working, and I would highly advise Piphanger and people like him to seek out these individuals. You seem to think I have the answers for you, but hopefully now that I've shared this perspective, you will understand that I'm probably not the best person to help you in your current situation.
PipHanger said:I appreciate you being honest, something you would have never heard from ICT himself...
tmancini said:LOL! Watching an hour a day, it'll take me the good part of a year especially as there is more and more content being released continuously!!
the golden gun said:I think what you don't realize, is that at any given time you can stop using ICT tools. You could just stare at a blank chart and completely wing it. You'd probably do better, at least you wouldn't feel betrayed by every loss.
Don't try to follow any system, just make sure that every trade follows good MM, and see if you have any intuition about market movements. Good news is that if it works, you will know it was all your doing, and maybe that will inspire some independence in your life. )