ICT Actual Case Study

FTMO Trader Scouting
Hmmm... do I hear the dreaded P word?

Buy Spx500, but after a wee dip, Buy Eur/Gbp, it will break to the upside hourly, likely on the second push, likely tomorrow - not predicting that the Asians will do it but will not matter, up she goes.
I'm have a toughie on Gold, wedge forming, predicting fake down hrly and then up, up and away.

S&P has today made another new high, price was around the yellow line on prediction day (is that one of those block things?), then yesterday we had the wee dip.

But what clown would have bought up at that high last week, well actually those that have large pockets filled with money and those that don't.

The second lot would put their stops nearby, the first lot don't know about stops, they waited for two things to happen and then just kept on buying.

First the chasers got spoofed, sorry spooked yesterday and sold to the buyers with their SL's, second another bunch, fresh from the Monte Carlo Fallacy brigade, figured that this thing is overdue for a fall and so they sold, with SL nearby, they got spoofed, sorry spooked out today.

Why did the first lot keep on buying? - well they've been doing that since Trump made his mark, why stop now.

How to know where the wee dip would stop? - no way of predicting that other than it would be wee (small in English), just have to wait until the big pocket guys' work makes an impression, then join in with the flow, using whatever.

Predicting is merely imagining what is likely to happen taking into account what has been happening in the recent past, then acting when the prediction begins to come true.

Last on predicting :)
 

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Btw, I notice that ICT's OTE method was an ideal entry yesterday - get the direction right and some of his TA stuff is not so bad.

Just thought I'd throw that in on this auspicious day for stocks.
 
Yeah, like all clichés it needs thinking about.

Never chase, always set a stop, risk only 2%, don't predict, forget FA, buy low/sell high, etc etc.

Clocks measure time, worth thinking for what measurement of time is a broken clock actually correct.

Anyways, was going to talk of the spoof down, the Paris Climate setup and how to predict et al, but maybe another time.

Meantime, I'll leave with a longer term prediction, gave this one back awhile, think possibly on BP.

Just buy the Euro, against whatever, doesn't matter - Buba will be the catalyst.
 
Btw, I know Rod's reference is geared towards the ICT entry remark.

Check out the day of my 3 predictions post, look at the low of that day, was Asian, then look to the later low - those were the targets of the heavy pockets, there was the place the chasers set their stops, it seemed a long way down for those buyers.

On the wee dip they took those stops - is that a turtle soup pattern on Wed?

Was that pattern then confirmed with the OTE 5 hrs later.?

Yesterday, still not sure, would the break, and then re-visit of the Asian high be of any help?

Like I said, I have no idea about all the OB stuff so would have to leave that one aside - all just food for thought :)
 
So what's the overall concensus on this system?
Its not a system.
Overall repackaged ideas ( about 10%of his BS in worth something) The rest is deluded bs.
Parts that work from the early days !!!IMO!!!(my personal :) ) :
1.) mtf (imo try 2x screen, not 3x)
2.) Supp/Res or so called bullshitblock(repackaged s/d, check the thread that's in the forum)
3.) Early vid pivots( though they just for sr,not required)
4.) Fibs so-so(his teachings are deeply flawed IMO, though if you take it as ratio trading,can be used though)
5.) sessions
You can catch up on all of that in about 30-60 min, instead of the hundreds of hours of BS hes spewing.

GL
TL
 
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Cant say I entirely blame him, Baltimore looks like a hellhole!


Not exactly the kind of city a "multi-million dollar fund manager" would chose to live.
 

" Comments are disabled for this video......:)

lmao

s

Oh good. So anyone purporting to be any of those ICT handles is actually an impostor.
In that case I can take the cotton wool out of my ears and listen to what they have to say.
They might actually say something of value...

 
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