Scout Sniper Basic Field Guide - InnerCircleTrader

FTMO Trader Scouting
well its not long as i am on the road just need an end now loll

isnt everything along road from riding a bike to graduating from uni its all the same to be honest..

hard work and a passion for it
 
Yes, I'm just saying don't let the little things hold you back from moving forward.

feroz said:
well its not long as i am on the road just need an end now loll

isnt everything along road from riding a bike to graduating from uni its all the same to be honest..

hard work and a passion for it
 
obviously not, hence the reason why i am on here to get my answers. most of the people on here have already been through hell and now are trading amazingly, like yourself. so on here if anyone can share anything with me, i will consider it a golden nugget
 
None of us are trading amazingly, and I can probably say nobody on here are profitable long term...that is why we are here...Most people making a profit don't join forums...They are to busy spending their money.

feroz said:
obviously not, hence the reason why i am on here to get my answers. most of the people on here have already been through hell and now are trading amazingly, like yourself. so on here if anyone can share anything with me, i will consider it a golden nugget
 
compared to me you all are lol.... all i can do personally is do my best, keep on learning and implementing what i learn.. currently watching the series and there is another series to watch as well the trading plan development and then should be on a better mark... look up some one called tom dante his really good
 
It's really about insight, understanding and repeatability.

A lot of the problem I'm noticing already, moving from a flat neophyte into the intermediate area, is that once you start to "see" more of an Asset class, the harder it is to filter out details.

I was explaining this to someone via art the other day. Someone that looks at a painting will have, at the basic view, one of 3 opinions: "I Like It", "I Don't Like It" or "I Don't Care". The problem becomes if you "Like" art and start moving further into the area, you'll be completely confused by evaluations and why certain pieces are worth millions but really don't "look" very good. It takes a long while (and a lot of work, which is why poseurs are so irritating) to understand where the "quality" of certain art pieces resides. Why certain aspects always are important, how playing with those aspects have generated entire artistic careers and what the technical skill sets take going into each piece.

The intermediate step is where even most Art Collectors never get past. Whether for a lack of time put in or their own misplaced ego (sound familiar?), it's hard to move beyond the middle. Until you do, however, it won't profit you much. You'll make a lot of mistakes and get hung up on things you shouldn't. You'll make arguments that are about pride and nothing more than your own short-comings.

Once, however, you make the "expert" area, you'll understand what you can & can't do, how to handle other aspects and how not to destroy yourself in the process. This is where a Trader *has* to get to. The ability to stay within yourself and *master* the skills you need.

This is why ICT made the "Sniper" series. If you can nail 1 trade for 240ish pips per month, when it's clear as day (for you) what will happen, and you can hit those every time they show up (maybe run 3 pairs total), you won't just make a career there. You'll make a fortune, it will just take about 5 years. That's just 1 leg of a 2-week price move in any major pair. But you have to go through the "middle stage" to get to the point to trade within yourself.

This is why there's so many failed Traders and failed Artists. They couldn't work "within" themselves, and, as a result, they have to blame others for their own inability to perform. And, a lot of the times, it's a matter of not being in the right area, rather than having the proper talent. Attempting to be what you are Not normally ends badly.
 
That a nice bit of psychology but everyone has their own driving force. All I am doing is going to reputable people who I have been told to go to and just take it from there…. Have to dapple before you enter
 
Yes, and the process to get from point A to B will take you through a mental roller coaster and destroy your life...Then once you get it, you will have to repair yourself and your life to make it better...I am hope I'm getting to the middle of point A to B so I can start repairing some of the above.

ICT said it himself that he lost lots of friends and had physical problems with his body going through the process, I totally believe this and I'm experiencing the same problems.

sqa said:
It's really about insight, understanding and repeatability.

A lot of the problem I'm noticing already, moving from a flat neophyte into the intermediate area, is that once you start to "see" more of an Asset class, the harder it is to filter out details.

I was explaining this to someone via art the other day. Someone that looks at a painting will have, at the basic view, one of 3 opinions: "I Like It", "I Don't Like It" or "I Don't Care". The problem becomes if you "Like" art and start moving further into the area, you'll be completely confused by evaluations and why certain pieces are worth millions but really don't "look" very good. It takes a long while (and a lot of work, which is why poseurs are so irritating) to understand where the "quality" of certain art pieces resides. Why certain aspects always are important, how playing with those aspects have generated entire artistic careers and what the technical skill sets take going into each piece.

The intermediate step is where even most Art Collectors never get past. Whether for a lack of time put in or their own misplaced ego (sound familiar?), it's hard to move beyond the middle. Until you do, however, it won't profit you much. You'll make a lot of mistakes and get hung up on things you shouldn't. You'll make arguments that are about pride and nothing more than your own short-comings.

Once, however, you make the "expert" area, you'll understand what you can & can't do, how to handle other aspects and how not to destroy yourself in the process. This is where a Trader *has* to get to. The ability to stay within yourself and *master* the skills you need.

This is why ICT made the "Sniper" series. If you can nail 1 trade for 240ish pips per month, when it's clear as day (for you) what will happen, and you can hit those every time they show up (maybe run 3 pairs total), you won't just make a career there. You'll make a fortune, it will just take about 5 years. That's just 1 leg of a 2-week price move in any major pair. But you have to go through the "middle stage" to get to the point to trade within yourself.

This is why there's so many failed Traders and failed Artists. They couldn't work "within" themselves, and, as a result, they have to blame others for their own inability to perform. And, a lot of the times, it's a matter of not being in the right area, rather than having the proper talent. Attempting to be what you are Not normally ends badly.
 
Everything is a roller coaster but that’s life. This is yet another turning point in that roller coaster but I have a really good support system in place which is religion, when I feel down I just pray feel like new again.

You only repair what is broken I am fully functioning I am not being fixated on this particular thing cause I will then have problems, few hours of intense study does the job.

I believe that friends will be lost but hey they wont share the success
 
I have always wondered why the paintings that look like my kids could make are worth millions, but the ones I think look good cost next to nothing.

I should get some of my kids paintings appraised tho...Maybe that is my way out of my current J.O.B.

sqa said:
The problem becomes if you "Like" art and start moving further into the area, you'll be completely confused by evaluations and why certain pieces are worth millions but really don't "look" very good.
 
Religion should be number 1, but I have seemed to have lost interest...that could be part of my problem...

feroz said:
Everything is a roller coaster but that’s life. This is yet another turning point in that roller coaster but I have a really good support system in place which is religion, when I feel down I just pray feel like new again.

You only repair what is broken I am fully functioning I am not being fixated on this particular thing cause I will then have problems, few hours of intense study does the job.

I believe that friends will be lost but hey they wont share the success
 
I am a Muslim so I cant ever lose interest surrounded by amazing people and its my release so I play to.my strengths not to my weaknesses
 
PipHanger said:
I have always wondered why the paintings that look like my kids could make are worth millions, but the ones I think look good cost next to nothing.

I should get some of my kids paintings appraised tho...Maybe that is my way out of my current J.O.B.

At some level, the differences are subtle. Though that there really is a lot of Art that truly isn't that "good" that's still worth a lot. It has a lot to do with what periods are favored by Collectors at the time. And how much they view Art as an investment. (We're currently in a collection Bubble as a Safety Hedge. High Art is about the only thing socialites and Drug Lords both like.)
 
assessing charts

Look at swing points

What move did price make
1. Time
2. Day
3. Swing was it high or low
4. Trading session

Where did price go to?

What price level did the swings happen in regards to the S&R lines?

What happened after?

Use 5 and 15 minute time frame to answer these questions

this process i have made whilst looking at the series on how to assess charts, any improvements?
 
That is pretty good, let me do my best to write how i have been looking at the charts, and i have been doing very very well, so i start on the higher time frames, and I mark the highs/lows of the HIGHER TIME FRAME order blocks, then what i do, is i market "reversal zones" with rectangles, these reversal zones are of course, the 61-79% re-tracement areas, then once price reaches these areas i begin hunting for CLUES, that the market will indeed reverse here, and what i do is i watch the previous swing highs and wait for a market structure shift, if this happens, then i say okay, the market got to an area i was expecting something may happen, i now have the market shift, NOW i wait for the OTE to happen and i am IN, and for targets, i always use the 161-200% extensions, this is what i personally do, and it has been working very very well, i hope this helps some people!
 
thanks for the info much appericiated!!!

i use etx as a broke and have signed up to onada are these good brokers to use?
 
feroz said:
thanks for the info much appericiated!!!

i use etx as a broke and have signed up to onada are these good brokers to use?

Hmm i am not 100% sure, i know a lot of people do use oanda, i personally use FXCM, and i have had no issues with them, for USA i think FXCM is a good one, if you are out of the USA, i might say fxpro, but i am no broker expert, just advice from what i have heard and experience
 
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