Skipper's demo trading notes - How it went and what was learned?


Skipper

Demo trader - Learning everyday
Skipper said:
Hi Ramy3!

Yep, there is lot of good things to learn while demoing, but I have noticed it feeds those bad behaviors you would not want when going live. I'm talking about those over trades and moments when you are playing just for your luck. It's so easy to get involve and kind of innocently playing trades until you have learned nothing more than just "need to be there". No real understanding about the markets and so on..heck, some might have a need be there so often they dont have the time to learn :eek: So it's one thing beginners like me would not want learn, so I just try to refuse those things right from the the start. Well, lucky for me I have some inner controls (mostly because of my life experience and age, I think?) and did noticed those risks quickly + ICT showed up just in time ;) So I have kind of long term learning plan ahead.
Ramy3 said:
If you think you won’t be doing the same when going live, (all though not nearly as much),you are in for an unpleasant surprise. :)

Many times over, I cannot believe how stupid I am, (boredom, greed, just plain stupidness…). :/

The good thing is that you are aware of it.

Cheers!
Oh, I know I'm going to do stupid things as well, but it really helps just to practice those in advance :cheers:
 

Skipper

Demo trader - Learning everyday
Tracking this to possible buying setup



See it coming down again



Made a trade buy here



Is it just another leg down?


I'm hoping this to line up with higher level suport and 20 level...


I have a bad fealing about this


When looking my 1h chart it's looking kind of promising


Really dont know how far this go, but I'm happy. Was closing here because dont know my target, but I made my pips.

 
P

Piper

Guest
Hmm it seems you are counter trend trading,Look at the hourly/4h.Higher highs and lower lows. Its possible that it'll work,but be careful against the flow. ;) I remember when i was doing that.. I always had a feeling that now the market dropped a lot,so now it has to go up. :) Well most of my losses from those gut feelings.It pays of to wait for confirmation.
 

Skipper

Demo trader - Learning everyday
Piper said:
Hmm it seems you are counter trend trading,Look at the hourly/4h.Higher highs and lower lows. Its possible that it'll work,but be careful against the flow. ;) I remember when i was doing that.. I always had a feeling that now the market dropped a lot,so now it has to go up. :) Well most of my losses from those gut feelings.It pays of to wait for confirmation.
Hi Piper,

Yep, it was againts the tide and was a close call for my stop. Was kind of late to go down this morning (for me), so I was experimenting this a bit.. Would I be so bold when it comes for real? Well, this one really goes to my demo account I have to admit.

p.s. editet my last trade image title.. don't know if I made my self clear when image says"I will go now and take my pips.", so this was my trade closing and was not eager to see this going sky :))
 
P

Piper

Guest
Skipper said:
Would I be so bold when it comes for real? Well, this one really goes to my demo account I have to admit.
Well it depends,if you are lucky,in these counter demo trades you will loose,and you will stop them.if you're unlucky u will succeed in them,then you will be encouraged to do these in live,and then you can burn badly(i did anyways). :)
 

Skipper

Demo trader - Learning everyday
I'm waiting those ICT target setting consepts, but looking for the weekend allready so I have a time to study those long term setups and practice my patience. One thing I hate though is those moments of thurths come so slowwwww when you are looking higher time frame setups to unfold. So you learn it slow no matter what, but I dont want to end up scalping eihter. :ponder:
 

Skipper

Demo trader - Learning everyday
Studying this possible higher time frame sell order block


Must be that typical ICT scenario when lows are taking second hit action. There was a nice OTE buying here earlier!!!


Is it coming down?


Some progress down


Not bad (1h), interesting to see what's coming in NY. I'm a bit uncertain, it migth get a move higher? But what I have see in some cases, it may give another OTE down...


Here it comes...


There... it took some time though. It was London close,I think


Maybe I have learned something :))
 

Skipper

Demo trader - Learning everyday
Looked Field Guide episode 2 again. It's a unbelievable how much information you can miss :eek: It's solid gold when you keep watching these all over again :flame:
 

Skipper

Demo trader - Learning everyday
Hunting hi and low this late setup. Was a bit late for that rally when looking lower first.
May drop at 1.357802



Small step's - Small winnings and losses :( Well, I warned my self but was hoping more :mad: Bad mistake ???
 

Skipper

Demo trader - Learning everyday
The Inner Circle Trader - Scout Sniper Field Guide - Episode 5 is out. This is important step forward for me because it helps determine should I take the trade in the first place. See how my last trade went :twitch:
 

Skipper

Demo trader - Learning everyday
I have been kind of confused what fiber is doing becaouse of US debt ceiling news and hype. I dont have experience trading in these kind of environment so I'v been just watching how things are moving. Goog week anyhow to learn these things...
 

Tansen

Well-Known Member
Skipper said:
I have been kind of confused what fiber is doing becaouse of US debt ceiling news and hype. I dont have experience trading in these kind of environment so I'v been just watching how things are moving. Goog week anyhow to learn these things...
Yeah I got snagged in that GBP move earlier when it breached the 78% retracement and then went for the damn hills.
 
P

Piper

Guest
Skipper said:
Trying to find hidden OTE here
Just a general suggestion my friend.Don't try to find things what you are not seeing,since if you trying to find something specific,you will find it,even if its not there(trust me,i know :-\ ). I would advise,to rather just try to trade what you do see in the chart.
Cheers,
P
 

Skipper

Demo trader - Learning everyday
Piper said:
Just a general suggestion my friend.Don't try to find things what you are not seeing,since if you trying to find something specific,you will find it,even if its not there(trust me,i know :-\ ). I would advise,to rather just try to trade what you do see in the chart.
Cheers,
P
I Think you are 100% right on that, but can you be 100% sure for any trade? I was putting ICT tools to work so I could get some first hand experience. Think it was one of the episode 5 message and encouragement to do so? As a new trader I'm trying to identify what I have learned. I know what I'm looking for - trying to find it to learn more about it, getting use to it, learn to trust it and finally can trade it. Don't know about this one but it was a good trade idea using ICT tools. Was my understanding and tools used correctly here? This why I'm here, so that more experienced traders can help me to see :)
 

Skipper

Demo trader - Learning everyday
There was a decent levels pulling fib from session low also, maybe it was that psychological side that made me looking for that round number (which is not bad when looking at higher time frames).
 

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