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Inner Circle Trader (By forex_trader_72724)
Lietotājs ir dzēsis šo sistēmu.
Diskusija
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Jan 29, 2013 at 09:38
Thanks alot for this pp_forex, and thanks to ICT!
I've been following both ICT and Chris Lori and don't think there can be better mentors thus far.
I've been following both ICT and Chris Lori and don't think there can be better mentors thus far.
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25 ieraksti
Jan 29, 2013 at 21:54
pipinvestmentbot posted:
@pp_forex Thank you very much. I'll have to take the next month off to catch up on this thread.
Results 1 to 10 of 1041Pages This must be by far the most intense thread ever known to Forex Traders.
Indeed there are other threads too, it is a very vast community.
Cheers.
Not giving a quarter away.
forex_trader_72724
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Jan 30, 2013 at 03:57
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Feb 06, 2013 at 13:06
It is definitely do-able, but (as I'm sure you're aware :) ) you'll just experience heavy heavy drawdowns...
16.35% would be the gain you'd require every month (or average over this period) for 36 months (compounding through-out) and you'd reach your goal in three years from $5k > $1m (approx)...
You will do it, I have no doubt.
to everyone else (including me) this will be a 'watch and learn' lesson...
16.35% would be the gain you'd require every month (or average over this period) for 36 months (compounding through-out) and you'd reach your goal in three years from $5k > $1m (approx)...
You will do it, I have no doubt.
to everyone else (including me) this will be a 'watch and learn' lesson...
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12 ieraksti
Feb 06, 2013 at 16:15
I can see where you're going ,kicking off like this.I just hope too many greenbacks don't lose too many greenbacks copying! Only got themselves to blame if they do I suppose. Good luck mate.
It's not what the market does that matters, it's what YOU do
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4 ieraksti
Feb 06, 2013 at 19:32
Pretty brutal consolidation day...we're pretty much in the middle of today's range. Got tired watching the +30pips/-30pips swings this morning and decided to sit on the sidelines. Glad I did. Seems like a lot of the big guys set themselves up for tomorrow, which caused some "challenging" volatility.
Let's hope for a 200pip day tomorrow when that Goldmanite Draghi opens his mouth. GL!
Let's hope for a 200pip day tomorrow when that Goldmanite Draghi opens his mouth. GL!
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Feb 07, 2013 at 16:04
Huh? Why's tis account so popular?
Yeah, trading ain't that hard...
forex_trader_106534
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24 ieraksti
Feb 07, 2013 at 17:38
OohYA posted:
Huh? Why's tis account so popular?
Keep watching, I have a feeling the fun is about to start.
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9 ieraksti
Feb 07, 2013 at 19:31
This account is by the Master name Michael himself ;) if you would know his material you would follow too ;)
forex_trader_89693
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Feb 08, 2013 at 04:53
i just hope the 'Master' would live up to expectations..at the moment there's really nothing much to watch..
forex_trader_106534
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24 ieraksti
Feb 08, 2013 at 06:06
NairSys posted:
i just hope the 'Master' would live up to expectations..at the moment there's really nothing much to watch..
Yes there is, you just can't see it yet, keep watching and learning, have another look at those loosing trades.
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12 ieraksti
Feb 08, 2013 at 06:25
Hi Michael
Unfortunately I've only just discovered your stuff, coinciding with your association with baby pips going a bit "tits up"! Is there any way I can still study your material?If not hey ho! I still say I know where you were going with this.Either way good luck mate
Unfortunately I've only just discovered your stuff, coinciding with your association with baby pips going a bit "tits up"! Is there any way I can still study your material?If not hey ho! I still say I know where you were going with this.Either way good luck mate
It's not what the market does that matters, it's what YOU do
forex_trader_106534
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Feb 08, 2013 at 06:29
jenx posted:
Hi Michael
Unfortunately I've only just discovered your stuff, coinciding with your association with baby pips going a bit "tits up"! Is there any way I can still study your material?If not hey ho! I still say I know where you were going with this.Either way good luck mate
I was in the livestream session last night, he assured us that he won't let us down, so um 'bear with bear with' :)
Keep focusing on the Big Figures, the Asian highs and lows, OTE retrace at 70% use higher timeframes and market structure and you won't go far wrong.
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Feb 08, 2013 at 07:44
pp_forex posted:NairSys posted:
i just hope the 'Master' would live up to expectations..at the moment there's really nothing much to watch..
Yes there is, you just can't see it yet, keep watching and learning, have another look at those loosing trades.
If there is something to learn it would be to trade the opposite of every trade made. That might be what's been going on and explain the rate of win/loss rate. I'm expecting feb and the following months to be a LOT different when the real trading begins.
Chram the pips into oblivion
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6 ieraksti
Feb 08, 2013 at 07:45
I was in the livestream session last night, he assured us that he won't let us down, so um 'bear with bear with' :)
Keep focusing on the Big Figures, the Asian highs and lows, OTE retrace at 70% use higher timeframes and market structure and you won't go far wrong.
Well said.
Every day is a great day to measure yourself against your own potential - Bud Wilkison
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1 ieraksti
Feb 08, 2013 at 12:36
You don't have to get such high pip gains to make money, Just be a sniper, wait for those right moments for strong confluence of support/resistance, Lowers down your stop loss levels; increases R:R, and just getting out with 30 pips is fine too, as it would have earned you more than what those 90 pip trades do. It's the pip value that counts.
Furthermore, if you lose 2% on 50 pip stop and 2% of 12 pips stop, It's easier to gain back the 2% on the 12 pips stop loss. You can practically just wait for a strong confluence and get back those 12 pips for the 2% gain, whereas the 50 pips stop - You have to wait for another good opportunity, the right R;R, and making sure that its going to reverse/ continue with trend/not range such that the market can move 50 pips for you to earn back 2%. And you can also see which one is psychologically viable.
Furthermore, if you lose 2% on 50 pip stop and 2% of 12 pips stop, It's easier to gain back the 2% on the 12 pips stop loss. You can practically just wait for a strong confluence and get back those 12 pips for the 2% gain, whereas the 50 pips stop - You have to wait for another good opportunity, the right R;R, and making sure that its going to reverse/ continue with trend/not range such that the market can move 50 pips for you to earn back 2%. And you can also see which one is psychologically viable.
Be A Sniper, Waiting hours for the right moment just to take a kill which lasts a few minutes
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28 ieraksti
Feb 08, 2013 at 12:37
Before writing on here, I'd kindly suggest a lot of you actually understand trading systems and their likely expectations/risk of ruin/drawdown probabilities -
Click on "Inner O Trader" at the top of this page to read my long post regarding "likely drawdown" in relation to Michaels trading...
I appreciate a lot of you are new to trading or think you know what you're talking about, but even the best discretionary trader in the world would go through these types of severe drawdowns based upon what he wants to achieve with his risk profile.
A lot of you need to remember that you dont actually understand trading from a probabilistic statistical approach, or you're being incredibly unrealistic with what you're expecting from the market place...
Slow down with your thoughts and come back in 6 months... He'll only be expecting a bunch of rookies to write uninformed jibberish on here...
Click on "Inner O Trader" at the top of this page to read my long post regarding "likely drawdown" in relation to Michaels trading...
I appreciate a lot of you are new to trading or think you know what you're talking about, but even the best discretionary trader in the world would go through these types of severe drawdowns based upon what he wants to achieve with his risk profile.
A lot of you need to remember that you dont actually understand trading from a probabilistic statistical approach, or you're being incredibly unrealistic with what you're expecting from the market place...
Slow down with your thoughts and come back in 6 months... He'll only be expecting a bunch of rookies to write uninformed jibberish on here...
forex_trader_106534
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24 ieraksti
Feb 08, 2013 at 13:05
GusFrinks posted:
If there is something to learn it would be to trade the opposite of every trade made. That might be what's been going on and explain the rate of win/loss rate. I'm expecting feb and the following months to be a LOT different when the real trading begins.
Yes, that's exactly what happened, there was a cryptic clue in there, I didn't get it, the reason for it, to kick the butt of the moaners and whingers, so unless you want to know all the boring details behind those losing trades, just ignore them.
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12 ieraksti
Feb 08, 2013 at 13:21
DGilberto posted:
Before writing on here, I'd kindly suggest a lot of you actually understand trading systems and their likely expectations/risk of ruin/drawdown probabilities -
Click on "Inner O Trader" at the top of this page to read my long post regarding "likely drawdown" in relation to Michaels trading...
I appreciate a lot of you are new to trading or think you know what you're talking about, but even the best discretionary trader in the world would go through these types of severe drawdowns based upon what he wants to achieve with his risk profile.
A lot of you need to remember that you dont actually understand trading from a probabilistic statistical approach, or you're being incredibly unrealistic with what you're expecting from the market place...
Slow down with your thoughts and come back in 6 months... He'll only be expecting a bunch of rookies to write uninformed jibberish on here...
You're absolutely correct with this.It's not the losses or percentages that are questionable. If you study the individual trades you find that ,not all, but most have been made in the opposite direction to which Michaels concepts would normally be traded.I think this is probably beingthis is being employed as an educational exercise and what he is doing is getting people to study the trades themselves and decide whether they're valid or not. Personally ,I consider him to be a genius in the field of forex.
It's not what the market does that matters, it's what YOU do
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Feb 08, 2013 at 13:22
Please don't fool yourself, it's a lot easier to lose than it is to win.
I can't understand why this is in the top 10 list.
I can't understand why this is in the top 10 list.
Yeah, trading ain't that hard...
