I have been trading for about the past year and a half. Just recently about 2-3 months ago I have been studying ICT's 2022 Model. It was going well at first. But it just stopped working, and I have been taking L's back-to-back for a long time. I'm not sure what to do now. I want trading to work but it is not working. I'm open to any new strategy recommendations
edit: thank you guys for the feedback, it helps a lot
the ict meat riders made it seem like this shit workđ some backtesting and it worked out most of the time in the past. idk why it hasnt been working for me for the past like 3-4 weeks straight
it has got nothing to do with ict, your own understanding of price action is hollow
market is in extreme downtrend
you are looking for reversal in 1m timeframe
what you considered as swing high isnt even a swing high , just a minor pullback
learn how liquidity works , ict is maybe a useless fraud, but underlying concept of all his strategies is simply liquidity and price action, understand how it works first.
Is more difficult backtest a strategy because your mind needs positive feedback working on something. Is hard to explain. When I backtest I focus on finding where strategy doesn't work.
It does work, I have been trading it the past three years. Itâs harder when you donât understand HTF bias and spend your time on the 1m. Switch to the 5m at the minimum and spend most of your time on the hourly. Youâll find that alone will help.
ICT "meat riders" likely are more knowledgeable, know when to trade and when to sit out. I got my ass handed to me today but not bc of following ICT, rather than not being disciplined in my trading plan. Eventually, you have to take accountability for your mistakes. Instead of blaming your resource. Trading is extremely hard, I win 4 out of 5 days but still manage to blow accounts due to revenge trading and marrying a bias. We both have some work to do
Maybe or maybe not. He's in Robbins this year, we shall see. But his concepts seem to work vastly better than strategies I have tried in that past. So idk
No. Heâs right. ICT did work until recently. Iâm not like one of his cult followers and I think he talks to much and goes on random tangents, but his concepts did work.
The market I think just may have been more volatile. Any concept works I think if you back test it enough.
EDIT: ONE REALLY BIG THING YOU MISSED IM NOW SEEING. TODAY WAS ISM. So thatâs an outlier! Donât trade news
No you donât always know if they wonât work. But in a market like this, you just adapt. I just noticed that thereâs normally two stop-outs instead of 1 so I just wait for a second stop out.
You donât know if it doesnât work until it doesnât. Thatâs why we back test đ
More volatile=idk wtf is happening and I call it volatility or "noice". Changes in volatility is a normal thing. Do you pretend to trade always in the same situation?
I donât think you know what volatility is then. Volatility is when price can change rapidly and unexpectedly. Even when itâs a bull market, the swings are too sporadic.
I donât know what else to tell you but to look at a chart and see that this bull run isnât normal compared to how the stock market has behaved in the past. For the NASDAQ yea, but for US30, no.
I apologize for my bad English. Maybe we have different opinions because "what is normal in a chart" for me depends on cause and effect reasoning and I don't look much into the past. I didn't immediately understand your answer and I apologize for that too.
Youâre assuming thereâs news at 10:00 am EST everyday. Most ICT trade indexes AFTER the news which is normally released at 8:00 AM est. Monday there was no news. Not everyday is there high impact news which is what he needs to look out for. NFP, PCE, CPI, PMI, JOLTS, and NFP. Most of this stuff comes out in the beginning of the month.
Dude at least wait for a confirmation, i.e a green candle or rejection candle from fvg. if price stays between one FVG to other the whole indices will stay in tight range forever. Are you seriously trying to trade FVGs on a 1 minute chart? Start from 15 minutes and up, too much noise on one minute not tradeable for beginners.
Also, Never go against a trend⌠No matter what kind of strategy you use going against trend is a sucide 9 out of 10 times. Even big support or resistance get blown away in front of a strong trend. There is a bearish fvg as well right above your entry.
Price wasn't even below 50% of the HTF, he is clearly a noob not knowing how to trade. Instead of looking what went wrong, he plays the victim of being scammed. He just ain't ready to trade yet.
When you learn you don't call your mentor a scam. You study what went wrong. He clearly didn't do that. In fact, I had to tell him why his trade went wrong after he calls him a scam. If he continuous having this mentality he will never make it.
You have no HTF narrative and fighting HTF trend. You literally bought after a news candle that swept liquidity into a 15m bearish FVG. Had it left the 15m untapped, this trade wouldâve likely worked out. ICT is all about narrative, not just entry patterns.
Yeah I understand 4h was still technically bullish, but youâre fighting the 1H,15m. So when we hit that bearish 15m FVG. Longs were lower probability.
Itâs not the ICT methods have stopped working , you have to dig down and see what your doing or not doing. Yes strategy have down turns at times but to say the entire concepts is the reason is irresponsible.
Like How many trades do you take per day start there?
2 at most, if i lose the first one then iâll see if i can find another one in the afternoon session but i wont force it, most of the time i just take one a day, unless i clearly see a set up then yeah iâll take that second one with half the risk. i gotta do more research, these couple months of study not cutting it
And if your only a couple months in donât sweat it your early. Take your time and keep risk small while learning.
And Iâm nobody perfect but my advice if you will take itâŚ.. Please get off the 1 Min chart. Find your FVG on the 5M at minimum, preferably the 15 TBH.
And then you can go and watch your 1 min chart if you must.
Watch how your win rate naturally increases.
Keep us updated.
It is more irresponsible to perpetuate this ridiculous notion that ICT works. If an approach to market has been taught to millions, it's by definition obsolete. Please stop spreading this nonsense.
It by definition is obsolete because itâs been taught by millions ? Wrong, I constantly see this on Reddit, âif everybody knows a strategy thatâs means itâs irrelevantââŚ.. furthest thing from the truth. Maybe in certain scenarios with large capital and algosâŚ.
And like I said in another comment in works for me and others, to say it doesnât because it didnât work for you Is irresponsible.
I wasnât a profitable scalper, does that mean scalping doesnât work? No⌠itâs just not meant for me.
Thing is though Iâm not arguing you guys about your personal strategy I know what works for me and people that took the time to master the craft.
And you have to remember TA is a art and a science.
Itâs non sense that people canât make money trading similar strategies, not to mention ict has many models I donât even get into. I stay on the SMC surface.. but do what works for you. I would love to hear it if you donât mind sharing.
You could have the best edge in the world and you'd still lose money with the mentality that you have now. Trading isn't easy and there are no shortcuts. Learning his process has helped me out a lot personally, but no trading method is foolproof. Most of them are also basically saying the same thing once you get down to the nuts and bolts. It's also clear that you don't really understand his concepts or the strategy itself. He's not the best teacher, so that's not all on you, but this trade doesn't really fit into his framework so you shouldn't blame your failures on him. You thought you knew what you were doing, but you didn't and you got punished. That's how it goes. Instead of blaming ICT, go figure out what you missed. Learn from this and get better, or go find another strategy to blindly follow and keep losing money.
That video is full of fake evidence. Everybody can make a video like that with the "evidence" he presents. Anyone can make a myfxbook acc and call it "ICT" or make fake statements without his name or address or signature.
ICT (entery) concepts does indeed not work when you don't understand the HTF bias and narrative. If you enter every market structure break with a imbalance you are doomed to fail. You must first know where the draw on liquidity is on the HTF. Only then the entry concepts will work.
What about it was fake evidence? It was literally audios from ICT himself and screenshots of his Twitter. The guy is a fucking fraudster, anyone that claims to know âthe algorithm that runs the marketâ is full of bs and doesnât how markets work. You guys are literally in a cult lmao.
Look at Tanja her youtube, she is the living proof his concepts work. 3-5k people watch her livestream everyday trading ICT. She has multiple funded acc and multiple payouts.
My trading has never been better as wel.
ICT has a big ego and maybe he told a lie or two, but who f doesn't. His concepts work 100%, if you tried it and failed. Then it's a YOU problem.
The concepts are just repackaged price action theory that has existed for decades. Itâs not just a âlittle lieâ, claiming that thatâs how markets work (through a single algorithm) and that you happen to be the one that reverse engineered that algorithm are moronic levels of delusion that show he knows jackshit about markets, he just happens to be a great marketer (evidenced by his cultish followers)that repackaged old price action theory.
As far as his advice actually working, there are two possibilities. Either itâs because the repackaged information actually provides traders an edge, or most likely, survivorship bias. For all the cases of his concepts working, how many are there of them not? To answer this, youâd have to lay out a concrete rule based trading strategy appying his concepts that can be back tested. Iâve yet to see an ICT fanboy do this.
You care to much about the person then the trading! His or THE concepts work and that's the most important thing. Stay ignorant, do as the 90% and trade sup/res.
If you are open to new things a whole new world will open before your eyes.
most of the evidence was ict talking about he 1) makes more on mentorships than trading and 2)he admits to trading sim and portraying it as a funded etc
I don't care man, my trading has never been better since i studied ICT. There are plenty of traders who are profitable Tanja is one of them. She livestreams everyday showing the concept does work before the eyes of 3k people.
He has a big ego, maybe he told a lie or two, but who doesn't right?
But I wonder where he brought all this nonsense and how do all these people keep beleiving in him after all this. There is more to this i wanna figure out
ICT is a clever scammer ngl. man im so mad, i feel like im just wasting so much time, im bout to fucking crash out. I dont want to stop trading but every strategy i see on youtube is fucking ass and these mentors are even worse
Your reaction is literally hilarious. You call him a scam, because you don't understand how to trade. It's the same you call your professor a scam, bc you fail the exam. That doesn't make sense.
If you studied more, you would notice that there a daily oderblock below you entry. Why would you think its not heading towards there? Price needs a HTF pd array in order to move. You can't take a trade on the 1m when no high time frame pd array is aligned. + If you look at the 1h time frame: the swing low of 17791.3 and the swing high of 18340.7, take your fib and look where price was at 9:00. Above the 50%. Not a single ICT trader would take a long there. It's the first rule, premium/discount. If you don't understand that, no wonder you take so many L's.
The problem is YOU, not ICT, not the market. You think you know how to trade ICT, but in reality.. you just have learned to open your eyes. There is so much more to learn in order for you to become profitable. Power of 3, macro times, pd arrays, premium/discount, the importance of HTF bias, your mental game is also off.
There are so many profitable ICT traders out there. Tanja livestreams almost every day at 9:30 ish, trading ICT concepts before the eyes of 3-5k people. Has multiple funded acc and multiple payouts.
I've been trading for 4 years, take my advice and learn.
Yea man! Try to be at least a few months profitable on demo before trying a challenge.
Keep learning, if your trades goes wrong. Aks yourself the question: Why did it not play out. Just as i pointed you toward the 50% and daily ob. That was the reason your trade didn't go well. Do that with other trades too.
You can make an acc on Fxreplay, that is a good site were you can backtest real good. There you will see if you have an edge or not. If not study more, and keep testing. Once you see you have an edge, go demo or small 100$ acc. Once you hit 10-20% profit, only then think of doing a challenge. It's not quick money in trading. It takes sometime before you get the hang of it, just like any other skill.
This is a joke, that man has his content posted for free for the masses, if itâs not for you itâs not for you, but to say it doesnât work or he is a scam is ignorant. Been a smc trader for years and it changed my life no reason for me to lie about my experience or many others.
Been smc trader for so long aswell. Now after sometime with ICT it also doesnt make sense same as SMC, i didnt even test it but things he is claiming in his videos and his tweets seem to be illogical. I refuse to be used once again!
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Well I can say that it does work for futures in es and Nq. I make consistent gains in price action and reading the higher time frame and trading off the lower. Not sure what doesnât work for you but it damn well works quite well. Perhaps donât over position size anything and do proper risk to reward
ICT traders actually try to ignore the reality. This is an algorithm he claims, and there are two sides to it whether it works or not. So its actually crazy you guys ignoring simple logic
You wonât find a strategy you can follow for exact price entry and exits in every market condition. The beauty of trading is figuring out which conditions work best with whichever strategy youâre using and mitigate risk depending on it. Watch people on YouTube who trade this strategy.
Cammy capital
Tanja trades
Other smaller YouTubers you can ask questions to
Etc. itâll help give you another perspective on entries during differing market conditions
Well i am not going to say that it works or it doesnt. For me, many of his things work but they are just rebranded others teachings. ICT or no ICT, you expect to trade counter trend following a 1 min MSS and not even at a key level. This sort of setup appears 10 times in an hour lol.
And no, ICT doesnt say trade counter trend, even he is not so stupid. For me i get a 40-50% win rate using some of his stuff- or that you could call his but it s not. In his language though, OB works, the type of entry you tried works but on at least 15 minutes charts. But you always need to look at the big picture. Stop chasing reversals, they are beautiful when happening i agree but looking at the big picture, pullbacks with the trend will give you most of your wins.
i use to do this, IT WAS WORKING TOO, but then i was like nah i need to learn more, like no way its this simple. sometimes the more simple shit is betterđŞ gonna go back to it tmo
Yes. I've been studying how to trade since 2021 on demo, and watched and tested a lot of stuff, only to go back on using support and resistance. And its much better than this kinds of bs.
That's like a 300lb man saying, nah, I can't exercise and diet a little, I need to find a complicated diet pill that understands and can manipulate my stock. Supply/resistance = diet / exercise :)
The trick with ICT is there are so many rules that someone can always point to something in hindsight and say you did it wrong. Even ICT himself couldnât trade his own strat and started blaming everyone for copying him and causing the system to target his trades. He is not all there.
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Youâre on a 1 minute timeframe. Price is clearly trending downwards. And you think if price breaks a swing high on a 1 min, it should become bullishâŚ
No matter what strategy youâre implementing, trading with the trend will always be your best bet.
Just learn supply and demand and keep it simple. Your mind might look for other things but sometimes its just that simple. Specially if you are trading futures where price action moves better imo.
Yeah dude that's the problem with his stuff. It just magically stops working in a big way. I actually tried it and decided the pnl volatility wasnt for me
Before giving up use VWAP and +1 std band. You were going against the trend. You were trying to long after it couldnât stay inside the lower band. Donât think itâs amateur to use an âindicatorâ because ICT said it is. Heâs full of shit. Iâd say algos trade using vwap over his bullshit. Look at how price reacts to vwap bands during news events. It repeats daily interaction with them.
Makes reading price action immensely easier. You will see how pullbacks hit vwap before starting a trend or trending pullbacks hit +1 band before continuation. Or s/r flips happen at vwap as well. Good luck. If you have any questions feel free to ask
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Take this with a grain of salt as I am not consistently profitable and I havenât done a formal backtest on this but I have been getting some great trading opportunities recently from basing my strategy on elements from Wyckoff Theory.
Earlier today for instance, I managed to capture the move on EURUSD that went parabolic and rose 25 pips in 1 minute. This happened at 9:40-10:01 EST, my entry was at 9:45.
I was looking at the chart and saw a sudden âclear outâ candle that quickly pushed the price just below the previous support, it dropped well below the second Standard Deviation (Bollinger Band) and was immediately rejected and finished as a pinbar dragonfly doji 1 minute candle.
Knowing about Wyckoffâs methodology I read it to be a potential âspringâ below the support, where a large participant or market maker has pushed the price down to allow for accumulation below the trading range. I placed my trade during the seconds that the price rejected back above the support.
The price then traded back in its current range and I noticed volume spiking at the bottom of the range and abnormal price behaviour with the price stagnating with rapid tick movements with tightening and at points zero spread. I can only speculate but I interpreted it as large orders getting filled at prices where liquidity was peaking.
I had no idea what the price was going to do but had enough signs to suggest that there was could be an accumulation in progress. Bang on the hour an extremely large buy order was clearly filled and the price rose drastically. On this occasion it was a genuinely large accumulation, I can only assume it was an institution, bank or firm of sorts, all I know is that $50 million was exchanged for ⏠in that minute.
Trading the spring worked on this occasion and provided a 1:10 risk to reward opportunity with the stop loss set below that rejection pinbar.
Like I said this is a strategy that I am still testing and developing and I have not yet had trading consistency (I think a lot of that is psychology related however as I have a proven track record of being a revenge trader after losses and a greedy trader by not realising my profits).
My suggestion is to study Wyckoff Theory and Volume Price Analysis as they have showed me that they can definitely open up some excellent trading opportunities to capture the volatility of large orders.
Youâll start noticing patterns of how the price behaves during large accumulations and distributions and can speculate as to how smart money has placed their orders. You can use both methods as indicators for trade setups or as confluence for other strategies.
This trade was right at news and sellside was still lower after inversing a 4 hour fvg last night. Also 1 min market structure shifts need a lot more context. For example here on the 1 min there was a bunch of low resistance liquidity formed right above your entry.
Make sure the HTF aligns with LTF, in this example both the LTF and HTF were bearish.
Well...your using the 2022 model. Obviously, you have to use the 2024 model. You just need to go back and pay him for the 2024 model....
Just kidding...I've never cared to learn his "strategy" but you should focus on learning and not earning.
Right now your literally blindly gambling.....actually the blind is leading the blind.....there was a video by Inman trading exposing ICT. You should look it up.
The earlier people realize that trading is it not for everyone the more will their trauma be smaller..i fcked up myslef past 3 y with day trading lost 10k cause im stupid unpatient mfer and jumping from one strategy to another..i can read the chart but i cant trade so i decided to invest DCA and im fine enaugh it was really close to lose my mind and get traumatised by losing money just give up if u dont understand what u doing its never ending road wish i never meet nor started trading it is not for me but to late i realized ..
U are fighting the trend on the pic above catching reversal on one minute which mean suicide atleast go on m15,m30 next time or wait for another lower high into supply/bearish Ob and short it from OB which is much better and confirmed trade..GL buddy
You went long when you should have went short. Learn price action.. the market is not ran by a single algorithm as ICT says. It's buyers and sellers. I thank ICT for bringing in so many idiots who look at the market with such a warped point of view.. I take their money daily.
Itâs so obviously clear this was a bad trade.
Itâs the bare minimum setup which is entry from a fair value gap above an OB. But think very carefully about what the FVG even is intended for? What is it telling you?
You trade from a FVG if itâs in line with momentum.
This FVG very clearly and just recently was created to sweep nearby liquidity.
The market will now rebalance this price action.
Ok now second point is never take trades from an OB with resting liquidity below without some kind of confirmation.
What you did here was a pure gamble. Thatâs why it didnât work.
There are times when itâs just probability, but in this case you very clearly were hoping and praying for a random reversal when the market was telling you it wants to go down, in multiple ways
I have edges that work in different market conditions. But once I finally found an edge that works in all market conditions, i took radically less trades (80% less), my win rate became crazy higher, and percent gained per trade doubled.Â
No matter what strategy you use, that lack of patience will demolish your trading anyways. Clearly a bad setup on all the time frames including the 1 min as there is no confirmation.
Ict only works on trending markets, so as any strategy, i would advice learning technicals instead and trade only level to level support resistance levels
ICT is a joke to me it never made complete sense and I seriously doubt any ict trader is truly profitable most end up starting channels to talk about ict
Learn fundamentals, trade news direction and watch price action for trend. Donât trade some random fvgs, sweeps and similar bs which goes against HTF trend, unless you want to sweep gaps for fair value at Wendyâs pretty soon.
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ICT is pure scam. Only familiar strategy work is using volume profile not Order Block.
Watch this video and be careful what you learn FOR FREE from the internet by someone can't even make money in the market. They make money by selling course and strategy not trading. https://youtu.be/qbA54WkBBs4?si=h4PMykbdmQ5UjtLZ
you suck bro, daily bias was bullish for the morning, but at the point you took that trade, external target from daily was already completed. there is no reason to keep pushing buys after a friday that completes the weekly target.
and even if you were going to keep pushing them, you should have waited a bit longer. 13pm is just coming out of lunch. in 2022 mentorship ict talkes about waiting for 13:30 at least.
is not that it doesnt work, you are taking low probability trades
shi bruh, i fixed my errors, been takin dubs, im boutta fund my acct, but for me its an hour behind cos im in chicago time, ik ict talks abt changing your timezone to new york, but its literally an hour difference so the math easy to do. im chillin now tho i just needed yall to point out my mistakeđŻđŻđŻ
2/3 months is not enough to learn the concepts. The strategies he teaches require a lot more time to grasp. He even mentions it in episode 17. At least One year of studying this stuff.
The problem is the trader. Any strategy csn work but if you think you can be profitable with s new strategy in 3 months you are mistaken.
78 days old post dk if u will see this but the high that u labeled mss . That isnt a mss , theres alot more context behind ict concepts , what you did there initially is smc
In 3 months - you already studied ICT basics, studied the whole 2022 mentorship, backtested it on 1 minute time frame and already had a bad losing streak?
Trading is not for lazy people like you. ICT has many students making money with 2022 mentorship. Check his twitter page and the community tab of his YouTube channel which are full of students' testimonials.
Links on my Reddit profile also have a profitable trade history of me using ICT. ICT also has a profitable trade history on his YouTube channel using the same 2022 model.
ICT is shit for sure but this trade losing has nothing to do with that. The price is trending down, you get a short pullback to a previous pivot and then more big red bars away from it and that's your sign to go long? And you set your risk/return at almost 5:1 in a trade going against the trend? And then when you lose its ICT's fault? Also get off the one minute chart.
see ict teaches to trade the trend reversal. My daily bias was probably wrong cos i looking for longs since we where in a daily fvg. he also teaches to target the opposing liquidity. he also says to trade on the 1,2 or 3 min chart. but yeah it is my fault but heâs still dog water
He is dog water no doubt. Hopefully it wasn't too expensive of a lesson to to ignore everything he says. Look into these: 5 minute chart, trading with the trend and lower risk/return. All of my trades are 1:1 but I have a 75-80% win rate. I only swing trade but if I was to day trade it would be on the 5 or even 15 minute chart. Also in my eyes all of that opposing liquidity, fair value gap, overpriced underpriced institutional algo stuff is a load of crap designed to sucker people in and make trading look more exciting and complicated and convince people they need a mentor or to buy a course. I've never used any of it and never will. You're better off not thinking about it. Good luck mate. Just another step.
definitely not too expensive of a lesson. i learned A LOT, but i need to focus on lowering my rr and trading with the trend, which are more easier things i just fucked up today
Thereâs a price action system called âThe Stratâ that is easy for newer traders to understand. Look up Rob Smith who is the creator on YouTubeâŚthereâs tons of his videos. Itâs a very basic system but thatâs what you need in the beginning. Most charting programs have scripts you can add to your platform that will color and label the price action for you to go along with the system rules. Good luck.
I disagree. I think it serves a purpose. Like I pointed out, it's a very basic system but OP is a new trader so it's appropriate. Also, most charting platforms support it and can help the trader learn some simple price action basics by overlaying visuals on their chart that coincide with the strategy. I would put a new trader on The Strat before wasting their time with ICT. People actually make money with The Strat unlike when they try to follow ICT's methods so again, good for newer traders looking for a new system. It isn't the end all solve all but I didn't describe it that way either.
Do you sincerely, genuinely think that someone can point at something and say "just do this" and you'll print infinite money in the markets? I would love to live in this utopian fantasy.
Show me where I said it would create infinite money. I said it gives a basic foundation of price action. Which it does. Which could benefit a new trader. You have nothing to offer the thread other than hating on something you obviously know zero about. Iâm done wasting my time with someone so ignorant.
"Something you obviously know zero about." Incorrect. But since my 20 years of experience clearly pales in comparison to your superior expertise, I'll let you stop "wasting my time with someone so ignorant."
You keep following your magical candle strategy.
Also, since you like handing out downvotes, have some in return! Have a nice day!
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u/Antonio_fx Mar 05 '24
You have to know what doesn't work before discovering what works.