Scout Sniper Basic Field Guide - InnerCircleTrader

[PipHanger]

These videos are only educational at best, not used to make money in the Markets. Study them can be useful, if you can grasp what he might be saying, because there is a lot of information left out...probably the information that could be used to make money with these concepts.

Just keep study and don't ask questions. If you do happen to ask questions you will only get comments that say, you need to put in the time, which is misleading because you can put in all the time in the world, but still could come out empty handed.

Also if asking questions you will get stuff like look at this chart and study it, which again is misleading because you could look at that chart all day and not know what it is you should be learning.

If you want your life to go through a tail spin then I suggest you study this material, other wise save your life and mental mind set and move onto something else.

This is my experience after 5 years, others could be different. It's just my warning.

hello every one. i am new to this forum by the way. i am watching this series and i have a few questions based on the 3rd video which are:
1) when ict says to mark every swing high and low and says that he uses a 300 pip difference from the price level is that what everyone else does, i have tried it and the chart is filled with many line.. looks to busy.
2) the segment which starts at 58 mins, the one about the interest rates and yield is that useful to technical trading or is it just a variable?

the overall question which i have is this video series helpful or not?

 

[feroz]

thanks a lot for the reply. i grasped there so much missing out. i am studying the videos each segment at a time and make notes.

i cant think to do something else but trade i enjoy it to be honest.

if i do not ask i do not get so as this forum is here i might as well try to get my answers and who knows i could get a golden nugget which could change a course of this pursuit

 

[PipHanger]

Just take a look at his latest video...Trade on USDCAD...

https://www.youtube.com/watch?v=_PtJqq5p7Fo

You will see how there is a lack of information being told. How's, Why's, etc. that are left out of the equation.

Why was he shorting? How did he know to short?

He stated there were stops resting under those levels. How and Why did he know this, most of it I think is just from experience and is something that can't be taught. If you don't understand it, it probably will never be understood...That's the way I feel.

But he will continuously tell you that he laid the trade all out for you, before that fact...I have yet to see this, because most of the info before hand is misleading and that it doesn't give you any knowledge of which direction he is looking...for all I know he could be taking both sides of the trades and posting the video for the one that worked out...? Who knows...

The best so far is when he plots 50 lines on the chart stating these are the ones he is looking at for the weeks to come. Then when he does take a trade he will say see it happened at the level I gave you in advance. lol...really anyone could do this.

What we are looking for as new traders is the Hows and Whys behind the trade, How did he know it was this level. Why did he know this direction, etc. There is always two sides to each coin...if you know what I mean.

 

[feroz]

how did you learn to trade

 

[PipHanger]

Here is the Tips we were given on the USDCAD pair before hand...See how this trade was laid at our feet and clear view...obviously, me neither.

What are we to glean from this? But each time I ask I don't get any answers, but just study and put the time in...Well I have been looking at this none stop, I give...WHAT IS IT WE ARE TO SEE IN THIS...anyone?

 

[feroz]

have not studied order blocks and all the concepts which relate to it yet.. still on video three of the series

 

[cskrishna]

Feroz,

1. When we mark weekly, daily 4H, 1H support & resistance levels and shifts in the market structure and order blocks, yes the charts do become busy. Because we want a chart to show all levels. I felt the same initially but got used to them.
2. I use the analysis on interest rates and yields to have a general direction of the price at a higher level.

ICT concepts helped me a lot.

hello every one. i am new to this forum by the way. i am watching this series and i have a few questions based on the 3rd video which are:
1) when ict says to mark every swing high and low and says that he uses a 300 pip difference from the price level is that what everyone else does, i have tried it and the chart is filled with many line.. looks to busy.
2) the segment which starts at 58 mins, the one about the interest rates and yield is that useful to technical trading or is it just a variable?

the overall question which i have is this video series helpful or not?

 

[feroz]

cskrishna

i marked the swing high and lows and found that i have 70 lines on the graph that is too busy...
how far back do you go to mark your lines?

are order blocks covered in the series?

how long did it take you to go through the series, want to know because it has taken me two weeks to get to vid 3

 

[Tansen]

Geeze feroz,

Why cant all newcomers ask as many questions this fast?

Makes approval easier.

 

[PipHanger]

Ask as many questions as you want, I know I have...just wanted to warn you before hand at the type of answers you will receive.

thanks a lot for the reply. i grasped there so much missing out. i am studying the videos each segment at a time and make notes.

i cant think to do something else but trade i enjoy it to be honest.

if i do not ask i do not get so as this forum is here i might as well try to get my answers and who knows i could get a golden nugget which could change a course of this pursuit

 

[PipHanger]

I've studied little before ICT came along. So basically the only thing I know about the markets is what ICT has given us. Which I believe has been going on now for over 5 years.

Just to give you an example at how long it might take you to grasp these concepts, well after over 5 years, I haven't seen a dime from it...I did learn a lot about trading and about myself through ICT's concepts tho.

how did you learn to trade

 

[cskrishna]

You may have too many lines on a daily chart but when you move into a 15M or 5M, where we actually trade, many of them will be out of your view.
Yes order blocks are covered in the series.
As I watch them again and again, I learn new things. That series is a power house.
Enjoy.

cskrishna

i marked the swing high and lows and found that i have 70 lines on the graph that is too busy...
how far back do you go to mark your lines?

are order blocks covered in the series?

how long did it take you to go through the series, want to know because it has taken me two weeks to get to vid 3

 

[PipHanger]

Here is another example of ICT stating he gave us a nice trade on a silver platter. It's from 07/09/2013...He says it's all documented on YouTube...and I bet you can't find it...

Yeah I know he talked about it, but he was using his technic of not giving very good details of what he thought would happen at this level. He might of stated it could of been a trade, but he in no way called this to be the absolute low so far and in no way called this big bounce. With the details he has given it could of been just a day trade for all we know and then continued to go lower...trust me go to youtube and try to find this...

 

[PipHanger]

ICT has recently taken a poll on who would want to be scalpers and was thinking about making a video series for this...This is how inconsistent ICT is and what frustrates me the most about him. Take a look at this video and what he thinks about scalping, but yet wants to make a video series about it.

it's at 27:45 of the video.

https://www.youtube.com/watch?v=Lfq79Wx3J-k

 

[feroz]

Tansen i am really hungry for success hence all the questions been asked

PipHanger ict has it flaws which everyone else has but one thing he is good at is giving us advice.

i went to uni and i stumbled on a concept of the alphabet which was. there are 26 letters but uni only gives me the first letter therefore the other 25 we need to find out our selves. and this is exactly what ict is good at giving us the 1st letter and the rest we find out ourselves.

cskrishna thats true but how do you keep on top of the lines when you need to up date the charts because some of the lines will get old because of the ebbs and flows of the market... therefore, you have to remove all the lines and put them back on again which is a mission to be fair...

 

[cskrishna]

I work on my charts every weekend.

Tansen i am really hungry for success hence all the questions been asked

PipHanger ict has it flaws which everyone else has but one thing he is good at is giving us advice.

i went to uni and i stumbled on a concept of the alphabet which was. there are 26 letters but uni only gives me the first letter therefore the other 25 we need to find out our selves. and this is exactly what ict is good at giving us the 1st letter and the rest we find out ourselves.

cskrishna thats true but how do you keep on top of the lines when you need to up date the charts because some of the lines will get old because of the ebbs and flows of the market... therefore, you have to remove all the lines and put them back on again which is a mission to be fair...

 

[feroz]

how far back do you go to do your s&r lines?

for example do you go back 6 months or 3 months ?

 

[cskrishna]

I would’nt say 3 months or 6 months. I start with weekly charts and work towards 1H. That would cover quite a bit of time. I don’t think, how far back we went in time is of any importance.
Thats the way I look at it.

how far back do you go to do your s&r lines?

for example do you go back 6 months or 3 months ?

 

[feroz]

i understand that. i am new to trading and wanted to know because when i look at an empty chart i do not know far back i need to go and it just confuses me even more

 

[PipHanger]

If that confuses you then you have a long (very long) road a head of you...trust me.

The best advice I can tell you is only show Support & Resistance levels that are 200 pips above and below current price. Most of the time price isn't going to move 200+ pips in a week so lines outside this area aren't necessary until we get close.

i understand that. i am new to trading and wanted to know because when i look at an empty chart i do not know far back i need to go and it just confuses me even more