Deciphering ICT's Untold Secrets


Peterma

Well-Known Member
Shop, vous avez raison, there needs to be the voice of reason, even the sense of cynicism, the older we get the more bullshit we see, John's task is not easy.

Imo the answer lies with the silent guys, the lurkers (think maybe Jack calls them guests), these are the guys that have input but are keeping it to themselves, maybe their input is in the form of a question, maybe just a comment, but they don't realize that they will learn even more by engaging.

Ict's stuff is merely a tiny portion of the market, I remember some guy once saying to never hang my coat on one thing/person in the market, big time true, like you say our only friend in this game comes by the name of probability.

Anyways, hope you don't also go radio silent, Ict needs to be challenged just as much as any guy who puts himself out as a teacher/mentor, if that person finds the challenge too great then the problem lies not with the challenger.

So again can I exhort you quiet guys, tell us what you think, there is no judge in the market except your good self. :)
 

garry

the art of war
shopster said:
p,

you never need to know it all to win in the game.

find a personal edge and style of trading that is fully aligned.
% and probability takes care of the rest.


ICT webinar drivel about the left side of chart, clown shoe twit postings and spewing bull crap about " order blocks and golden sac account monitoring " needs to be exposed.

when this failed retail drone who can't trade shit from a hole in the ground stops trying to lead the newb. sheeple down the path to ruin, then we will all go radio silent.

until then, keep your rubber boots on.

s
he is such a sad fuck its all he has left ,i expected him to hide like a coward from his myfxbook ,the silence is deafening from him and followers
 

JohnWooly

Well-Known Member
I do know a couple of people who are making big money using some of these concepts.

HTF Order blocks, breaks in market structure and OTE fibs on a retrace is what they use.

Just wondered if anyone else was having the same success.
 

sqa

Village Scribe
JohnWooly said:
I do know a couple of people who are making big money using some of these concepts.

HTF Order blocks, breaks in market structure and OTE fibs on a retrace is what they use.

Just wondered if anyone else was having the same success.
The real problem you're running into is that when most guys "make it" in Trading, they either get a big ego or simply check-out of the social scene. (Plus the natural tendency to hiding the "golden goose".) Granted, if you poke around, you can find some of them on Twitter. Trading, however, is very much a "you against the market" game, so it favors those that are quieter and can focus.

As to ICT's teaching, the core of it is learning to read Price Action from within the Market Model of the bigger players. The name of the "Game", regardless of the tools you use is to sift through the information, is to figure out where the manipulation is going to be taken next. Whether you find it at an order block or a roll 'n puke. So, yes, it works quite well, but it's simply a matter of being very different in conception from what we generally expect the market to be like.

The best part of shopster's work is actually the exit system. Since he's focused far more on tight intra-day moves, he's spent 40 years developing his system very, very well. There's a lot to learn from what he's posted and I think a lot take to his style a lot easier because there's a lot less ambiguity with it. (You can also practice it a LOT faster, which might be the best benefit) So if you have the ability to be at the charts during one of the major market sessions, a lot of people will naturally gravitate to that style. (Because when you can make it work, the rewards are pretty spectacular).

The main criticism of ICT's teaching is about ICT, which is an issue you can take up with him. The ones not normally mentioned are three fold. 1) It's hard to learn, so if you don't have good self-reflection skills, it might not be doable. 2) He doesn't provide an Exit System, so it's something you'll need to work out yourself. 3) Most of the focus is on larger stops because ICT, while unmentioned, tends to focus on trading no or lightly leveraged funds a lot as well. (So the astute student can lower the SL and up the leverage, properly, to larger returns. But you have to crawl before you run.)
 

JohnWooly

Well-Known Member
Where can I access the information provided by Shopster that you refer to.

I agree that as a person ICT may not do himself any favours but his way of looking at the market does work.
 

Golden Bull

We got cookies
Jack said:
Well said SQA :)
Nah the real problem is that peeps doesn't even ready to get their asses up to look for the gems and too lazy to pick them up, even if they lay in plain sight. Or look into the mirror,and work on themselves. That's whats required. Not being a rocket scientist,or even friendly too much. :p

-P
 

jack

Administrator
Staff member
Piper 2.0 said:
Nah the real problem is that peeps doesn't even ready to get their asses up to look for the gems and too lazy to pick them up, even if they lay in plain sight. Or look into the mirror,and work on themselves. That's whats required. Not being a rocket scientist,or even friendly too much. :p

-P
That's also true. Dropping gems there Piper :p

Only trouble: Ego and "work on themselves" tend to not go hand-and-hand too well.
 

Peterma

Well-Known Member
JohnWooly said:
Where can I access the information provided by Shopster that you refer to.

I agree that as a person ICT may not do himself any favours but his way of looking at the market does work.
John, lots of guys dislike giving direct links for info, it can be much more helpful to kinda dig out the info, usually leads to even more stuff and a whole wealth of learning imo.

Anyways, first up, Shop is not an 18yr old (pure guess) so if you are looking for info from him then good chance that postings could date back before this site.

Then figure that older and wiser hands usually don't bother creating different names for themselves, the memory can diminish so it's way easier just to stick with the same name.

Then suppose if you think that he is still in the game, good chance that he is not a bad trader, maybe a good trader, maybe even could be in one of the elite group?.

So if you put all that together, his name, his profession and a well thought out description and feed it to our only friend on the internet, that guy that drives around with a tripod on the roof of his car, you will get a starting point.

I think he mentions fibs and expansions and stuff, hmmm.. wonder is there any mention of FA, must check.
 

garry

the art of war
JohnWooly said:
Where can I access the information provided by Shopster that you refer to.

I agree that as a person ICT may not do himself any favours but his way of looking at the market does work.
you should give up trying to trade you will lose ,ict cant trade . all his myfxbooks show that his method he has stolen off many people,ict way of looking at the market does not work there is not 1 guy who is making coin alive using the shit he peddles
 

sqa

Village Scribe
JohnWooly said:
Like your all talking in secret code, no wonder it's a ghost town round here
It's little different than if this was a music forum and we were talking about Key Changes, the Circle of Fifths, Time Signatures or obscure Italian words. Every industry develops its own vocabulary to describe very specific things within it. And this is a brutally difficult industry which, as Piper quite well brought up, requires a whole lot of work on yourself. (This issue + envy is what causes most of the whining on most trading forums.)
 

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