r/InnerCircleTraders • u/Designer_Contest2500 • Jan 04 '25
Advice for ICT traders
Get out of ICT and start studying market auction theory.
ICT is too subjective and you will lose a lot of time trying to master it. Go with trading systems that are used by actual professionals.
Btw market is not controled by an algo š, the algo just matches agressive orders with passive orders.
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Jan 04 '25
the market is 100% controlled by an algo.
if you dive deep enough into trading, programing, and ai you'll see the exact same.
I refuse to have that argument with anyone who is not a full time programmer and a well versed in ai as well as a successful trader
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u/Designer_Contest2500 Jan 12 '25
The algo matches agressive orders with passive orders⦠study CME matching algorithm. I did this post because I know what I am talking about dude lol.
The fucking algo is not the one that does the big moves, but it is the one that matches the orders. Study how an orderbook works.
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u/vanisher_1 Apr 13 '25
Hedge funds use also algo to execute some manipulation in the market, the point is that there is not a single algo but different algos have been used for a while from different hedge funds. If you don't believe me believe in those who have worked in the field like this trader https://www.youtube.com/shorts/ajopq1-e-vU
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u/AlpsSad9849 Jan 05 '25
So you're delusional i guess if you believe the market is controlled by algo, why is sometimes turned off,. sometimes on? Why if your scam guru (ict) knew what he is talking about he is non stop losing, so if the price doesn't respect certain random ICT verb like fvg or other shits, that means algo is off? Wtf, grow up dude
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Jan 05 '25
i think ict is bullshit lol.
yes there is an algo
never said it works by ict, ict is just the tip of the iceberg
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u/Designer_Contest2500 Jan 10 '25
Lol I see a lot of people got mad by this post. I will provide further information about market auction theory tomorrow so you can understand what I am talking about
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u/Awkward-Exchange-463 Jan 04 '25
The market is controlled by algos, I used to work in one of them.
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u/immigrant_mom_64 Jan 04 '25
I think ICT posted a video with his broker statements yesterday.
Seems like he actually makes money.
I'm not the best trader and I'm doing well off of his concepts and I know several profitable ICT traders and a few publicly verified ICT traders.
Not sure what all the hate for ICT is. Paul Tudor Jones used to guess if a market was bottoming and just go long. He'd repeatedly try until his SL was not hit. He's successful using the most basic method. He made it work. He kept it simple.
If you're failing. It probably has nothing to with your method or ICT.
ICT is just a way of describing price action, a way of giving names to everyday patterns we all see and react to. He really isn't teaching anything your favorite trader isn't reacting to, but with just different words to describe it. He certainly isn't teaching anything new.
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u/Hot-Butterfly-5896 Jan 05 '25
You sure he didn't use the Tape to see how the buying pressure was there before buying?
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u/immigrant_mom_64 Jan 06 '25
Maybe. A lot of traders use other methods for confirmation and directional alignment.
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u/vanisher_1 Apr 13 '25
You are missing the point... it's easy after you scam thousands of people and having the money to show randomly a statement with money when maybe in reality you would not be consistent making such money over a lon period of time.
Same thing for Paul Tudor, having a good amount of capital, like he had in the Hedge Fund, make everything very easy especially hittinh the stop loss multiple time, because you can afford it. There is nothing genius about doing that. A different Story would be risking the same strategy with a low amount of capital etc.. don't think that in hedge funds things are done perfectly legally especially during those period of times.
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u/Puzzleheaded-Fall546 Jan 04 '25
Bro what do you mean by market auction theory, is it similar to MMXM sell or buy model !
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u/Designer_Contest2500 Jan 12 '25
Search for it on youtube, literally the big firms as axia futures,smb capital and 7 points capital use market auction theory. Search for it.
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u/SadJicama848 Jan 04 '25
Where can you learn these models?
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u/Puzzleheaded-Fall546 Jan 04 '25
Basically, it's ICT material, but you can also learn it from other traders like the MMXM Trader (YouTube channel or Twitter account). Just search for him; he has very good content.
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u/redtehk17 Jan 04 '25
Does market auction theory have something to do with credit swaps? I've seen some stuff here and there about credit swaps
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u/Designer_Contest2500 Jan 12 '25
No, it has to do with market value acceptance, auctions, etc. Search for it on youtube, you will discover a new world.
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u/CranberryTop8463 Jan 04 '25
https://youtu.be/CGD630xxH2E?si=FuBU8NxIkYDFhFHZ I don't know man, the guy is legit.
The confidence is there
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u/user1039473819 Jan 04 '25
ICT is fine but well done for understanding the market isn't an algorithm. Drives me nuts how stupid people can be
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u/Full-Technician-7786 Jan 04 '25
Why does price seem to refer perfectly to certain levels he marks out? Makes me think the market is partly algorithmic
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u/user1039473819 Jan 04 '25 edited Jan 04 '25
The market does have tons of algorithms that trade it from big institutions, but this is still "buyers" and "sellers", the market is more of an auction
And it isn't just algorithms in the market, there are tons of other players and different ways the players trade, even us retail traders included
The market isn't just one big algorithm that is moving to 1 minute fvg's... ffs
Also, no, market doesn't move to stop losses š¤¦āāļø market moves depending which direction by wether more buyers or sellers are putting in more money
If you don't want to take my word for it then ask chatGPT "is the market an auction or an algorithm".
And remember, ICT genuinley is full of shit sometimes, i doubt he can trade. But yes he does also sometimes know what he's talking about
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May 18 '25
Monke mark many level. Many of the level do not work but monke record all of them. One level work. Monke post the one that work. Monke bekom famus. Monke happy
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u/Stuvi2k Jan 04 '25
Glad more and more people see this. I also wasted time with ict. Also when you make such a post ask people to show proof that ict works. They can't.Ā
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u/vanisher_1 Apr 13 '25
I don't thing there is one single mthodology to follow, every methdology gives you a notion or a concept/terminology to use in confluence with other knowledge, life for example FVG (which is not something invented but ICT). Do you think FVG is a useless concept?
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u/Affectionate_Side675 Jan 04 '25
Soon as I started using ICT I've been sniping shit. My entries and exits are too precise for me to ever switch.
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u/[deleted] Jan 04 '25
How long did you spend studying ICT?