Youngest student of Sir Michael J. Huddleston (ICT)

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ms7worldwide

New Member
Place your trade with your TP and SL. Walk away. Take a nap. Check your charts. Your wins will give you more confidence and your losses will suggest you to improve your strategy
 

gon

Well-Known Member
GU selling for 70 pips

because of 4h OTE
Entry : 6480

ICT is among the best concepts to develop your trading system. It is not easy imo, but it is really amazing. 90% of what I do on my charts, I owe it to Michael.

I have seen you use OTEs. If you see that the strategy works well for you it is ok.

If you lose more than you expect, using H4, you could verify your entry on M5 for instance after price reaches your OTE retracement. For instance, you can wait and see if M5 starts a new market maker buy program before selling and refine your entry using a bearish OB on m5 or similar.

For me it works better than just trading blindly order-blocks.

However, as you improve your knowledge of the trading sessions, it is true that your entries on OTE make more sense as you learn how price moves within each session.

But what I mean, is that using multi-timeframe analysis, at least for me, works much better than relying on a single timeframe.

Regards.
 

gon

Well-Known Member
Add a trading simulator, you can use a basic one with the replay function of Tradingview which is free. But considering trading as a business and with that business mindset, I would recommend you to find a professional simulator that is not that expensive. There are several options I won't mention (google for it) to avoid spamming.

You can also demo, but the proof of your system, your implementation, will be having an explosive and outstanding result using your sim or demo account.

Switching to real is almost like beginning again from scratch, but at least you can start having a verified end-to-end system across a few tens or hundred of thousand trades. But you will likely be losing when moving to real. Probably because you will be too impatient to win and won't follow your system. It happened to me, it happened to everyone I know. Never deviate from your setup, do not improvise, ever.

Take care and keep your expectations low and your comitment to at the top. Ignore the hype, trading is really hard and your success chances are really low, no matter the system, even with a winning system such as ICT's.
 
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rod178

Well-Known Member
Look back at the history
 

gon

Well-Known Member
Look back at the history

Half a year is nothing. You need two or three years to start understanding ICT.

Then you have to try to figure out how to make it work, because ICT is not a trading system, it is an abstraction of what a trading system should be.

And that is because of it scomplexity, which is really huge.

If @launch52 would had been studying about a couple of years and then testing till finding a combination of concepts to create an ICT-based strategy, then the story would be otherwise.

ICT is public, completely public. It can be tested by anyone and verified. There is no reason for Michael to prove anything else. He already has given for free his system. The private mentorship is just optional and not necessary for all to become profitable using ICT. All is free. And being honest, all we know the private mentorship is leaked, all is fully testable before you would pay for the mentorship just in case would you want to.

Besides, a seasoned trader can trade anything. If you are a good trader you can make profit just by trading according to what you get rolling a dice basically.

I trade my implementation of ICT because it gives extremely wild RRRs, much higher than any other system could provide. But it is not ICT what makes me profitable, but my backtesting, my perseverance and above all my money management.

Michael could make millions with his system and a student lose consistently using the same technical analysis and setup. This is hard to understand if you understimate the difficulty of the system and the problems that arise from trading.

I mentioned above a tip for this young student. That tip gave me a profit of about 90,000% (nineteen thousand percent) once tested on the sim. I say that because if one tests it, it can be easily verified. And all from a few ideas taken from ICT's free Youtube channel.

- H4 order blocks and verification on M5 using simply basic break of structure after a retracement on H4 into the order-block.

The problem of giving for free is that people do not appreciate it and usually disrespect you. I left Forex Factory for that and will never go back for sure. It is better that people has to do themselves the work or pay for it in my opinion.

The problem is not ICT, it is not Michael, nor anyone else. The problem is always lack of patience and hard work or bad luck, who knows.
 
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Johnnyjoe

Well-Known Member
Very well stated the information is free , backtest it or forward test it in demo is the only way to go .
How cab someone scam you with free information??
 

rod178

Well-Known Member
ICT did scam people at USD100 per month
Fact remains that ICT cannot trade profitably, in fact he rarely trades live
 

rod178

Well-Known Member
History is about to Repeat, more Lambs to the slaughter. Past behaviour is the best predictor of future behaviour

 

Swiss_cheese

Well-Known Member
History is about to Repeat, more Lambs to the slaughter. Past behaviour is the best predictor of future behaviour

What's your forecast?
 
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