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Cable Update (GBPUSD)

  • #730,241
  • Feb 19, 2023 4:10pm Feb 19, 2023 4:10pm
Quoting Jolita
{quote} Hi Navin, how're you? Wondering what is the reason you are asking the question? If I where in Pat's shoes, I would never even think of sharing any live trades on the open forum for many reasons. Why? His business is his business I would be happy to study using his demo charts. It would not matter to me, but will appreciate he shares his knowledge and ideas with me.
Was wondering myself what the reason was, then suddenly it dawned on me, but can't say as no evidence and you know how I hate to speculate...
  • #730,242
  • Feb 19, 2023 5:05pm Feb 19, 2023 5:05pm
I have this feeling that GBPUSD is going to crash so badly... watch out...

My favorite trade pair today is USDJPY

I am currently LONG on USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2023-02-19_15-04-41.png Size: 30 KB
My telegram: https://t.me/avidforex
  • #730,243
  • Feb 19, 2023 5:05pm Feb 19, 2023 5:05pm
Great education. Listening to an ICT video about how the market isn't presenting a trading opportunity. Very appropriate given how GU is behaving right now
  • #730,244
  • Feb 19, 2023 5:11pm Feb 19, 2023 5:11pm
Quoting dantpm
Great education. Listening to an ICT video about how the market isn't presenting a trading opportunity. Very appropriate given how GU is behaving right now
Dan, what is this ICT? I don't get it. Sounds like eduction program. Do you have to pay?
  • #730,245
  • Feb 19, 2023 5:24pm Feb 19, 2023 5:24pm
Quoting Jolita
{quote} Dan, what is this ICT? I don't get it. Sounds like education program. Do you have to pay?
ICT inner circle trader. He has loads of videos on YouTube. All is free. He claims to have 30 plus years of profitable trading experience and a greater understanding of the market. If you google YouTube ICT or Inner Circle Trader Forex, he has a 5 part series that I have watched several times. I suggest this one as a primer to get an understanding of what he is about. OTE or optimal trade entry is the 2nd series I am working on.

I am sure I won't do this justice. He talks about Wyckoff, price action, market structure, significant levels and many other theories comparing these to his and talking about the differences. So far I have been impressed and I know that I am not the only one on this forum!
  • #730,246
  • Feb 19, 2023 5:26pm Feb 19, 2023 5:26pm
Quoting Jolita
{quote} Dan, what is this ICT? I don't get it. Sounds like eduction program. Do you have to pay?
ICT is the Author of SMART MONEY CONCEPT, ORDER BLOCK, FAIR VALUE GAP, JUDAS SWING and so on
and he gives every thing free on his Youtube channel but he talks a lot but does not goof.

I'll recommend him, although his concepts are not easy to understand...
My telegram: https://t.me/avidforex
  • #730,247
  • Feb 19, 2023 5:28pm Feb 19, 2023 5:28pm
Quoting BigNumbers
{quote} ICT is the Author of SMART MONEY CONCEPT, ORDER BLOCK, FAIR VALUE GAP, JUDAS SWING and so on and he gives every thing free on his Youtube channel but he talks a lot!
Yeah, especially in his older videos.
  • #730,248
  • Feb 19, 2023 5:33pm Feb 19, 2023 5:33pm
Quoting BigNumbers
{quote} ICT is the Author of SMART MONEY CONCEPT, ORDER BLOCK, FAIR VALUE GAP, JUDAS SWING and so on and he gives every thing free on his Youtube channel but he talks a lot but does not goof. I'll recommend him, although his concepts are not easy to understand...

hahha ICT is a scam. There is absolutely no trader on earth who makes money with his concepts!

EDIT: What he teaches is basic S/R. The faster you move from him the more money and time you will safe. I can show proof of my MT4 account of trading his concepts
How to succeed in zero sum game?
  • #730,249
  • Feb 19, 2023 5:38pm Feb 19, 2023 5:38pm
Quoting dempire1
{quote} hahha ICT is a scam. There is absolutely no trader on earth who makes money with his concepts! EDIT: What he teaches is basic S/R
There appear to be several reviews that contradict your opinion. Do you have any data or stats other than your own efforts to implement his teachings to back up what you are saying or is this just spouting off because you weren't able to make it work?
  • #730,250
  • Feb 19, 2023 5:44pm Feb 19, 2023 5:44pm
Quoting dempire1
{quote} hahha ICT is a scam. There is absolutely no trader on earth who makes money with his concepts! EDIT: What he teaches is basic S/R. The faster you move from him the more money and time you will safe. I can show proof of my MT4 account of trading his concepts

Its not true man! ICT is one of the best traders out there... ICT does not believe in S/R he hardly mention support and resistance..
ICT is deep... I won't lie but recently his model walks better on US3O, S&P500 and the likes.. If you understand ICT's concept you will be profitable..

He has only one disadvantage... He talks a lot in his videos and that makes it boring

I personally don't like SMC concept...
My telegram: https://t.me/avidforex
  • #730,251
  • Feb 19, 2023 5:48pm Feb 19, 2023 5:48pm
Quoting dantpm
{quote} There appear to be several reviews that contradict your opinion. Do you have any data or stats other than your own efforts to implement his teachings to back up what you are saying or is this just spouting off because you weren't able to make it work?
I couldn't make it work with my 3 other friends. https://www.youtube.com/@VinnyEMini/videos

This youtube channel will hopefully open your eyes. ICT doesnt work. It is a scam and there is evidence + law enforecement working to bring that idiot down.
How to succeed in zero sum game?
  • #730,252
  • Feb 19, 2023 5:51pm Feb 19, 2023 5:51pm
Quoting dantpm
{quote} ICT inner circle trader. He has loads of videos on YouTube. All is free. He claims to have 30 plus years of profitable trading experience and a greater understanding of the market. If you google YouTube ICT or Inner Circle Trader Forex, he has a 5 part series that I have watched several times. I suggest this one as a primer to get an understanding of what he is about. OTE or optimal trade entry is the 2nd series I am working on. I am sure I won't do this justice. He talks about Wyckoff, price action, market structure, significant levels...
Ahh, ok, thanks.
  • #730,253
  • Feb 19, 2023 5:53pm Feb 19, 2023 5:53pm
Quoting BigNumbers
{quote} Its not true man! ICT is one of the best traders out there... ICT does not believe in S/R he hardly mention support and resistance.. ICT is deep... I won't lie but recently his model walks better on US3O, S&P500 and the likes.. If you understand ICT's concept you will be profitable.. I personally don't like SMC concept...
He is 'challenging to follow' mainly because he is very long-winded in his explanations. It also depends on how much you understand about trading. Another big part of his presentation is about the algo's manipulating forex pricing, understanding this and incorporating it into a trading strategy.
His recent claim is that he is going to concentrate more on forex trading whereas previously he focused more on index trading.
  • #730,254
  • Feb 19, 2023 5:54pm Feb 19, 2023 5:54pm
Quoting BigNumbers
{quote} Its not true man! ICT is one of the best traders out there... ICT does not believe in S/R he hardly mention support and resistance.. ICT is deep... I won't lie but recently his model walks better on US3O, S&P500 and the likes.. If you understand ICT's concept you will be profitable.. He has only one disadvantage... He talks a lot in his videos and that makes it boring I personally don't like SMC concept...

Please stop. I have his newest mentorship etc. We studied his concepts for a while and there were truly days where it worked and I thought alrighty, i made it. But it's going to fail more and you'll lose more eventually. The trades that worked overlapped with basic S/R and SnD. Why would you ever want to waste so much brainpower on stuff that doesnt really matter nor works/doesnt make sense. Because I don't understand it? Wow I must truly be pretty dumb then... Bring me traders who made ICT work over long period and actually bank money with it. Then I'll eat my hat and accept that I'm dumb. Until then I can't do it. It doesnt work. He's a conman. At the end of the day I don't care if any of you listens to me or not. This is the "value" I can provide from my own experience - value = hopefully you save time and money.

And https://www.youtube.com/@VinnyEMini/videos has a lot of proof how ICT truly works. Just look for yourself. I didn't know about this channel until this year to be honest and I was happy to see that I'm not the only one who thinks his stuff is junk.

Have a great trading week!
How to succeed in zero sum game?
  • #730,255
  • Feb 19, 2023 5:54pm Feb 19, 2023 5:54pm
Quoting dantpm
{quote} He is 'challenging to follow' mainly because he is very long-winded in his explanations. It also depends on how much you understand about trading. Another big part of his presentation is about the algo's manipulating forex pricing, understanding this and incorporating it into a trading strategy. His recent claim is that he is going to concentrate more on forex trading whereas previously he focused more on index trading.


https://www.youtube.com/@Readthemarketdotcom/videos

You will find much more success learning something like this.
How to succeed in zero sum game?
  • #730,256
  • Feb 19, 2023 5:57pm Feb 19, 2023 5:57pm
Quoting BigNumbers
I have this feeling that GBPUSD is going to crash so badly... watch out... My favorite trade pair today is USDJPY I am currently LONG on USDJPY {image}
I am watching USDJPY carefully to go long.....waiting for it to trigger my entry edge!!!
  • #730,257
  • Feb 19, 2023 6:00pm Feb 19, 2023 6:00pm
Quoting dempire1
{quote} Please stop. I have his newest mentorship etc. We studied his concepts for a while and there were truly days where it worked and I thought alrighty, i made it. But it's going to fail more and you'll lose more eventually. The trades that worked overlapped with basic S/R and SnD. Why would you ever want to waste so much brainpower on stuff that doesnt really matter nor works/doesnt make sense. Because I don't understand it? Wow I must truly be pretty dumb then... Bring me traders who made ICT work over long period and actually bank money with...

Here is someone who claims that the system does work.
Inserted Video
  • #730,258
  • Feb 19, 2023 6:04pm Feb 19, 2023 6:04pm
Quoting dantpm
{quote} Here is someone who claims that the system does work. https://www.youtube.com/watch?v=lglWlWXxRXw
I hope you truly look at the background before believing everything on the internet
How to succeed in zero sum game?
  • #730,259
  • Feb 19, 2023 6:16pm Feb 19, 2023 6:16pm
Quoting dempire1
{quote} I hope you truly look at the background before believing everything on the internet
SMC is proven man! Although, It is very difficult to understand because it has many rules... You just don't understand the concept .. I have someone who trade SMC and very profitable....

I personally don't trade ICT concept because I want to develop my own Model!
My telegram: https://t.me/avidforex
  • #730,260
  • Feb 19, 2023 6:17pm Feb 19, 2023 6:17pm
Quoting ninner
{quote} I am watching USDJPY carefully to go long.....waiting for it to trigger my entry edge!!!
BUY NOW... It is at OTE now!
My telegram: https://t.me/avidforex
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