MrHegner

The Sorcerers Apprentice - in pursuit of the cure for ignorance

[MrHegner @MrHegner]

@I_Am_The_ICT Sounds easy. Now the only problem is those moves that would take 1/4 of the monthly expenses out of the account. 1 full contract sounds like unbelievable high leverage for a small account.

[The Inner Circle Trader @I_Am_The_ICT]

Homework Assignment:

Add up your monthly expenses, as best you can.

Take that monthly expense figure and divide it by 4.

This is your job now, find price runs on 1 contract that yield that figure.

Your back testing should incorporate this view, as it helps put purpose behind your study.

Until you see how often the market lays it at your feet, you will pursue big numbers for big numbers sake only.

There must be a realistic purpose and logic behind your actions and inaction in trading and the development stage is no exception to this rule.

[The Inner Circle Trader @I_Am_The_ICT]

Join the conversation

https://t.co/4SA8jUQSLk

[MrHegner @MrHegner]

@I_Am_The_ICT Thank you God, yours is the power and glory for eternity, Amen.

[MrHegner @MrHegner]

@I_Am_The_ICT Good morning/afternoon from Europe.

[MrHegner @MrHegner]

@I_Am_The_ICT The number that is shown is probably controlled.

[MrHegner @MrHegner]

@onlyskypace 72, eeezy breezy

[MrHegner @MrHegner]

@onlyskypace 45=(290-200)/2

[MrHegner @MrHegner]

@H08BIT 89113^11

[The Inner Circle Trader @I_Am_The_ICT]

Some will say there is no Algorithm... and no Enigma.

You're looking at Him.

[The Inner Circle Trader @I_Am_The_ICT]

The secrets to effective & consistent profitability:

1) Adhere to a simple model.

2) Know what you want to make and it feeds you, leave something on just in case you were wrong about how much more.

3) Don't ask others for opinions, analysis or tips.

4) Manage Risk impeccably - ALWAYS.

5) Don't chase new things after you found your model.

6) Allow others to hold opinions - even if they are diametrically opposed to yours.

7) Unless you run a signal service, keep your opinions to yourself.

8) Make your bread, eat and go live for the day and find ways to bless others with it.

Anything else is BS.

[MrHegner @MrHegner]

@luvmelaniaa 444^1111

[MrHegner @MrHegner]

@luvmelaniaa 441111

[MrHegner @MrHegner]

@I_Am_The_ICT Deal! Btw in an older video you mentioned that your book would come out in June. Any update on that?

[MrHegner @MrHegner]

@I_Am_The_ICT ‘Morning

[MrHegner @MrHegner]

@I_Am_The_ICT Tragic thing is I would have believed every word of that 4 year ago…

[The Inner Circle Trader @I_Am_The_ICT]

1) Determine a Draw On Liquidity - where Price is likely reaching; like NWOG, PDH\PDL, Session H\L.

2) Wait for opposing liquidity raid, during or immediately after a 10\50 Macro.

3) Entry on 1st FVG in the present price structure or use IFVG in the run to opposing liquidity to your Draw On Liquidity.

4) Frame your risk to 1% or less, Hard Stop Loss placement beyond Candle #1 of the FVG you used for entry.

5) Take 50% of position off at half of the range between your entry and the Draw On Liquidty, the balance limit out just before your Terminus.

Wash, Rinse, Repeat... nothing fancy or complicated.

[MrHegner @MrHegner]

@I_Am_The_ICT Find FVGs crossing a HTF level and that was used on the left side of the curve.

Use them for entry on the right side of the curve.

Aim for nearest REH/REL.

Only trade when chill, sober and undisturbed.

[MrHegner @MrHegner]

@ChazieraySmilez @I_Am_The_ICT Same emotions, different conclusion: time to: step back, evaluate, double down on effort (not leverage).

[MrHegner @MrHegner]

@I_Am_The_ICT @slater57649 I haven’t learned to tie my shoes using only my mouth yet… I blame Velcro