ICT Forexmas 2014 / Market Maker Series

FTMO Trader Scouting
the golden gun said:
R is your initial risk. It is just a method of relating your reward potential to the value of your initial risk... So if your max risk is 2%, then

1R = 2%,
2R = 4%,
3R = 6%
etc.
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Oh that's neat, and a good idea.
 
outthislife said:
Oh that's neat, and a good idea.
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It helps when comparing the success of multiple trades with different risk allotments.

For instance, making 6% on a trade using only 1% risk is a much better trade than making 6% with 3% risked initially.

also I got it from Van K. Tharp and he used the idea to work out something called "Expectency" which helps you figure out the average reward on your average trade... regardless of % risk.
 
Oops, forgot about the fib, I know, I know, it's only 50% and the 50 is not really a fib, but ..
 

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GG, that guy Tharp is where we all want to be, consistent and profitable.

He is both by selling books.

Here is his complicated formula:

https://www.youtube.com/watch?v=JFuF6M7z1jg
 
Peterma said:
GG, that guy Tharp is where we all want to be, consistent and profitable.

He is both by selling books.

Here is his complicated formula:
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I thought his book sucked, but I liked the R-multiples thing. Yeah it isn't rocket science lol

But the real question is...

did anyone hold Cable or Fiber longs over the weekend??? >:D
 
Re: Fib Tool Breakthrough

the golden gun said:
Thanks to rod178 and Piper for inspiring this breakthrough...

not going to explain it, because I think it's all in the picture. I'll give you a hint in saying that the concept is Fractal ;)

keep in mind, as an example, it is an ideal. This isn't a trade setup, just a concept framed upon real data. Fiber on Nov.11 to be precise.
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look at fiber m5. another example.
this is actually pretty much all i trade and have been practicing over the past 1-2 months. this kind of profile (you've seen the pic i posted in chat some days back. it is exactly that)

edit: same long on cable. and a short example just completed on m1 cable as well.
 
Re: Fib Tool Breakthrough

TopFroxx said:
look at fiber m5. another example.
this is actually pretty much all i trade and have been practicing over the past 1-2 months. this kind of profile (you've seen the pic i posted in chat some days back. it is exactly that)

edit: same long on cable. and a short example just completed on m1 cable as well.
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yeah that's a good one. once you see the OB's start to stack after the obvious stop run at the right time of day... you can get your stop in really tight and get a real good chance for a 3R+ trade intraday.
 
Peterma said:
Well Rod, what do you think of the artistry, now it is b4 (usd/jpy hr1) :)
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anvap.png
 
the golden gun said:
I still don't understand why anyone would try to guess tomorrow's price action, when yesterday's price action is so clear and objective.
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I myself was perplexed
 
the golden gun said:
you seem jaded... but never read about any of your personal failures...

nobody can be born jaded can they.... CAN THEY??
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born that way
being jaded I'm rarely disappointed
 
Rather repetitive, which I suppose is the point.
Nothing that DDT will not resolve.

All those suits now collecting dust
 
rod178 said:
Rather repetitive, which I suppose is the point.
Nothing that DDT will not resolve.

All those suits now collecting dust
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you don't wear a suit while trading???

surely I can't be the only one...
 
does anyone else hate trading?

i don't just mean being mad about losing money or whatever, but actually hate how goddamn boring and unpredictable the whole pursuit is?
 
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