ICT Forexmas 2014 / Market Maker Series
- Thread starter sqa
- Start date
PhilSimm said:
The COT Data is pretty clear: Large Institutions (and, sub-section, Dealer Intermediaries) *doubled* their Longs on the Swiss Franc (so that would be a Short on EUR-CHF & USD-CHF) that week. That was all institutional buying. It might be been pure hedging, but the folks that focus on Fundamentals only should have figured out that the Peg wouldn't last forever.
I just don't think anyone expected the SNB to be so stupid about it.
the golden gun
RINSE & REPEAT
sqa said:
Swiss should just join the Euro... take Greece's spot
no need for all this market manipulation.
Golden Bull
We got cookies
Seems like every time Mike manages to win a trade you guys get a video production.. good practice 8)
the golden gun
RINSE & REPEAT
Golden Bull said:
are you gybankster??
marzullo63
[by user request]
Golden Bull said:
He doesn't share too much the losses though and I find counter productive for his students.
marzullo63 said:
He doesn't share the bad setups that seem good for the noobs like me who follow his teachings. For me that is counter productive..
I wish he'd make more videos on how he's preparing the entry and managing the trade, that would help me more. Occasion in the past, I see them myself.
In other words, I think would help more the videos made before the fact with his reasoning on the exact trades he took (not examples), even if released after TP.
the golden gun
RINSE & REPEAT
ovidiux said:
I just want to see a trade history on a live account.
Don't even have to explain it to me, I know what he's looking at already...
I don't think we'll ever get a live myfxbook account with public trade history from that guy...
Decoherence
Well-Known Member
I wouldn't post mine even if I had made a few mil. Could be a safety issue and attract internet stalkers...
Golden Bull
We got cookies
Decoherence said:
That does make sense. Specially with all the vids and the low profile he's keeping.. ;D ;D ;D
ovidiux said:He needs to prove something to someone
He promised that a few times in the past. But as usual, words are cheap..
the golden gun said:I don't think we'll ever get a live myfxbook account with public trade history from that guy...
Why don't you post yours then? Before you ask, deliver.
Decoherence
Well-Known Member
Golden Bull said:
Had the same thought right after posting that .. ;D
Starting to notice quite a few disgruntled customers around here..
Golden Bull
We got cookies
Decoherence said:
I'm luckily not a buyer, just pointing out the inconsistencies between words and actions here and there,he doesn't owe anyone anything. Until you start bragging about it and making promises. Thats the time when you should put it up,shut it up 'cause you're FOS. Words are cheap. (just my opinion)
(Not defending ICT, but..) The thing is.. you can give the most basic strategy to two different people and get very different results. The results over a sample of traders diverge even more so as the complexity of the system increases. This relates to different personalities, styles, risk tolerances, etc...
That, plus I never really felt ICT teaches a "system" so much as an analysis method and tools. It's up to the trader to put them together in the right order and build out the setups they want to focus on.
As well, people tend to think that a good system will be without losses, and get frustrated with a loss or two in a row... If you trade "not to lose", you'll never make it, and likely will end up frustrated. All that matters is in the big picture you've captured more from the market than you paid to be open to such opportunities/upside.
Risk on a trade has to be what you're willing to lose for the chance at having upside.. if a few losses in a row have you tossing in the towel, you clearly weren't willing to lose 'that' much and should have sized down.
All that being said, these comments weren't directed toward anyone specifically, and also keep in mind that traders love to blow off steam and talk shop.. so I don't take someone bitching about a bullshit setup and failed trade once in a while to think they've given up on a given strategy or system.
Today at work for instance: I took a trade I usually do in SPY that's been performing rather well this month for me. It did a dirty snap move that made me punch out for a loss, just before following through with my intended direction to the point where it would have been a huge winner. Was I pissed? Sure. Did I say "bullshit!" aloud? Yup! Am I gonna stop trading SPY this way? Hells no! In the bigger picture I've captured a lot more than lost in this strategy so I'm gonna keep at it. More importantly, what I lost was what I was willing to pay in order to be apart of the trade, so in the end it's just a little noise in my monthly P/L.
That, plus I never really felt ICT teaches a "system" so much as an analysis method and tools. It's up to the trader to put them together in the right order and build out the setups they want to focus on.
As well, people tend to think that a good system will be without losses, and get frustrated with a loss or two in a row... If you trade "not to lose", you'll never make it, and likely will end up frustrated. All that matters is in the big picture you've captured more from the market than you paid to be open to such opportunities/upside.
Risk on a trade has to be what you're willing to lose for the chance at having upside.. if a few losses in a row have you tossing in the towel, you clearly weren't willing to lose 'that' much and should have sized down.
All that being said, these comments weren't directed toward anyone specifically, and also keep in mind that traders love to blow off steam and talk shop.. so I don't take someone bitching about a bullshit setup and failed trade once in a while to think they've given up on a given strategy or system.
Today at work for instance: I took a trade I usually do in SPY that's been performing rather well this month for me. It did a dirty snap move that made me punch out for a loss, just before following through with my intended direction to the point where it would have been a huge winner. Was I pissed? Sure. Did I say "bullshit!" aloud? Yup! Am I gonna stop trading SPY this way? Hells no! In the bigger picture I've captured a lot more than lost in this strategy so I'm gonna keep at it. More importantly, what I lost was what I was willing to pay in order to be apart of the trade, so in the end it's just a little noise in my monthly P/L.
The only reason for being disgruntled is that they don't realize it's a capitalist market.
You only owe money to those from whom you have purchased something, if it's for free the FO
If it's for free, then use it, if it is useless then bin it. If you find value in it then you may say thanks, if zero value then forget it.
If you feel disgruntled, then you are not in a capitalist market, the only place to go is ...... damn, was going to say Cuba.
You only owe money to those from whom you have purchased something, if it's for free the FO
If it's for free, then use it, if it is useless then bin it. If you find value in it then you may say thanks, if zero value then forget it.
If you feel disgruntled, then you are not in a capitalist market, the only place to go is ...... damn, was going to say Cuba.
Golden Bull
We got cookies
Jack said:
I think the core issue is more about not publicly made promises that not been delivered consistently. I can list like 5 from the top of my head. And thats not the way a person with integrity should behave. (and i'm not talking about missed release days either)
Golden Bull
We got cookies
Peterma said:
North Korea can be a savvy choice
"Officials in North Korea, apparently mistaking the regular German release schedule for the programme at this year’s Berlin film festival, threatened the Berlinale with ‘merciless punishment’ unless they cancel showings of The Interview".
That from Uk's Guardian newspaper, seems the poor Germans hadn't even thought of that film, QE no doubt was uppermost in their minds.
So, the thing is what is the 'merciless punishment', all input welcome.
That from Uk's Guardian newspaper, seems the poor Germans hadn't even thought of that film, QE no doubt was uppermost in their minds.
So, the thing is what is the 'merciless punishment', all input welcome.