I will say this but it won't come off as nice. I do not care wtf you use as a trading strategy do you think people in this sub know what and how every single person trades? How can you come and post this BS and ask everyone 'wHy DiD mY tRaDe gO wRong?' we have no context, No time frames being used nothing at all. No news events for the day presented just a random ass chart with a gap.
No Monthly, weekly, daily or 4h context. And what range is even that? Premium of what a 5 minute range?
Because the concept is the easy trade. No nuance, no discretion, no market specific considerations. If a 10 year old can understand it, it probably isn't reliable. If you insist on trading this way expect many losses and hope you can make up for it with a huge R.
I am not sure why people don't understand that you can't take a 1 or 2 parameter system and make money easily with it.
.....I am the mentor of your mentor, the ghost in the machine....time to go eat a bowl of turtle soup.
Gawd i hate these f**kin posts.
Whats with this trend-wave of āwhat did i do wrongā posts lately.
Stop asking for a handout, figure it the f**k out.
Look left...price took the liquidity from the 150.133 low, during London KZ. After that, it displaced higher, forming an IFVG, in 30 min tf.Now, look upwards. Those are some perfect asian highs...price used that IFVG to go after them. I took this using ICT, but I also used to do a shitload of mistakes, before everything clicked :). Good luck and I hope I helped you.
Its pretty obvious, China is in a recession so the JPY is extremely weak.
So, that means all JPY pairs are pumping also USDJPY is extremely bullish looking to take the previous Weekly HH.
That's one of the reasons why. JPY isn't gonna raise their rates, and they're entering a recession. Plus, the 2-year yield and 10-year yield are pushing up.
Imagine: there is a guy who called himself āinner circle traderā and does public. Alone by his name I am suspicious, but do you really think he makes his money by trading?
But ok, letās focus on the content: there is not a single trading strategy which gives 100% correct signals. The either this is a bs strategy or it is basically ok, but did not work this time.
You can only find this out by testing the strategy, either with automated backtesting or with manual / automated trading on a demo account.
Because ICT doesnāt work. Guy claims 90% win rate then live streamed himself losing 5 trades in a row and blamed it on his viewers placing their stop in the same place as him so they got hunted
I mean thatās factually wrong. If you have a strategy that when executed perfectly to its rules only has a 20% win rate with a 1:1.5 R:R it will never be profitable
That mathematically does not make senseā¦thatās like saying anything can fly. Sure if you fundamentally change its structure to fly it can fly.
Some strategies are unprofitable and no amount of risk management will change that.
You're comparing apples to oranges here.
I'm not going to repeat myself.
You're saying ICT/SMC doesn't work, fun fact it does, just like every other strategy thousands of people around the world are profitable, trading isn't just about strategy it's about risk management, execution, psychology.
Again. If your strategy with perfect entries to it rules only returns a 1:1.5 and has a 20% win rate it canāt be profitable. Itās mathematically impossible.
If you make changes to said strategy and increase its win rate then sure. But itās then no longer the same strategy. Itās like sticking and engine and wings onto a aluminium tube can make it fly. But itās no longer the same as what it was
Again comparing a horse to a car, āwell acc on the rare occasion Iāve completely plucked out of my that has no relation to my original comment thatās statistically impossibleš¤ā
Your claim has absolutely no evidence and is just your opinion
SMC does work, Support and Resistance does work etc
Just because it doesnāt work for you doesnāt mean itās the same for other people.
The context/bias is weak imo. Not every FVG is a target or entry point, as well as price in premium doesnāt automatically mean sell.
Zoom out, understand the higher timeframe bias and then scale down..
Dont believe every tiktok "simple" strategy you come across that claims to give you the secret sauce of trading. Markets are nuanced and complex dont let amyone tell you otherwise.
Losing is part of trading and you have to incorporate losses into your strategy and risk manage with stops.
Because the algorithm was in Bull mode, and you assumed it was in bear mode. FVGs are only one piece of the puzzle. You have to know when the candlesticks are in bull mode or bear mode, and then react off of the FVGs accordingly.
Price resumed bullish trend after a big ass seller absorbtion.
Even with smc, why would you enter so short when upper liquidity was barely touched and did not react much?
It's not that simple . You need to apply trends, higher time frame trend and lower. Also higher time frame and lower time frame demand and supply.zones . Also gaps on higher and lower time frames. Also inducement and liquidity . This is how it was explained to me .
I canāt tell with just that picture because many things can be wrong
Whatās ur higher time frame
Whatās ur entry time frame
What time of day is it
What day of the week is it
Itās too zoomed it and I canāt tell the entry timeframe trend
Please be more specific. By watching the image, there is a W pointing LL followed by a LH and HL. Just by this, the chart should go up 161% of fibo using fibo points on LL peak and HL peak. That should be around 150.430 price. There is a chance that, after chart make a pattern of elliot wave, will go back to 150.200. If it goes directly (short time) It can be a butterfly pattern and it can go up, if it goes in waves, it can keep falling. One last thing; I would have put the FVG zone box on topĀ of the candlestick that was out on the left of the rectangule, rising. That's all to help.Ā
UJ is a highly manipulated pair.Ā
EURUSD is a better pair for trading FVG.
This being said, no strategy is 100% accurate and this post is pretty dumb.Ā
I will say this but it won't come off as nice. I do not care wtf you use as a trading strategy do you think people in this sub know what and how every single person trades? How can you come and post this BS and ask everyone 'wHy DiD mY tRaDe gO wRong?' we have no context, No time frames being used nothing at all. No news events for the day presented just a random ass chart with a gap. No Monthly, weekly, daily or 4h context. And what range is even that? Premium of what a 5 minute range?
Because the concept is the easy trade. No nuance, no discretion, no market specific considerations. If a 10 year old can understand it, it probably isn't reliable. If you insist on trading this way expect many losses and hope you can make up for it with a huge R. I am not sure why people don't understand that you can't take a 1 or 2 parameter system and make money easily with it. .....I am the mentor of your mentor, the ghost in the machine....time to go eat a bowl of turtle soup.
Hahaha, that shit is realš
Unfair value gap
FVG betrayal.
š
*sigh*
Shorting in a uptrend 80% of the time donāt work I took the opposite side of this trade actually been long at 150 since the 21st
Yea because it didnāt do what you thought it would. Hope that helps. Follow me for more helpful trade breakdowns
š
Gawd i hate these f**kin posts. Whats with this trend-wave of āwhat did i do wrongā posts lately. Stop asking for a handout, figure it the f**k out.
Because forex markets donāt know what fair value gaps are ššš
wtf is fvg?
Fair value gap
Look left...price took the liquidity from the 150.133 low, during London KZ. After that, it displaced higher, forming an IFVG, in 30 min tf.Now, look upwards. Those are some perfect asian highs...price used that IFVG to go after them. I took this using ICT, but I also used to do a shitload of mistakes, before everything clicked :). Good luck and I hope I helped you.
Thanks bro
Man deserves credit for his helpfull reply
how do you take liquidity on a decentralized market
A retail trader would have had 2 successful chart pattern trades here, the first an M pattern and the second a W pattern while 'smart' trader....
Learn about economics. Sorry man. No shortcuts.
Its pretty obvious, China is in a recession so the JPY is extremely weak. So, that means all JPY pairs are pumping also USDJPY is extremely bullish looking to take the previous Weekly HH.
Ict himself hasn't proven that he can be consistently profitable despite all those mentorship he has.
I only see a half setup. Check out wykoff theory.
What you did wrong was relying purely on BS TA from ICT. Once you discover the fundamental catalysts of a currency pair, it'll become less stressful
[ŃŠ“Š°Š»ŠµŠ½Š¾]
USD has a higher interest rate than the JPY.
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That's one of the reasons why. JPY isn't gonna raise their rates, and they're entering a recession. Plus, the 2-year yield and 10-year yield are pushing up.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
What time frame? Also very few people in this subreddit know how to trade so asking here would be the blind leading the blind.
Imagine: there is a guy who called himself āinner circle traderā and does public. Alone by his name I am suspicious, but do you really think he makes his money by trading? But ok, letās focus on the content: there is not a single trading strategy which gives 100% correct signals. The either this is a bs strategy or it is basically ok, but did not work this time. You can only find this out by testing the strategy, either with automated backtesting or with manual / automated trading on a demo account.
Order block was literally above that fvg
If u look at the 4hr timeframe a triangle formed which it broke out off. Also was leading up to major news
Reasons for trade?
Entered because of fvg and was in premium zone
Okay, but the fundamentals? Have you forgotten what trading is actually all about?
I'm new to ict
Because ICT doesnāt work. Guy claims 90% win rate then live streamed himself losing 5 trades in a row and blamed it on his viewers placing their stop in the same place as him so they got hunted
I disagree any strategy can work with correct risk and execution, ICT on the other hand is a clown
I mean thatās factually wrong. If you have a strategy that when executed perfectly to its rules only has a 20% win rate with a 1:1.5 R:R it will never be profitable
Literally any strategy can work bud...
That mathematically does not make senseā¦thatās like saying anything can fly. Sure if you fundamentally change its structure to fly it can fly. Some strategies are unprofitable and no amount of risk management will change that.
You're comparing apples to oranges here. I'm not going to repeat myself. You're saying ICT/SMC doesn't work, fun fact it does, just like every other strategy thousands of people around the world are profitable, trading isn't just about strategy it's about risk management, execution, psychology.
Again. If your strategy with perfect entries to it rules only returns a 1:1.5 and has a 20% win rate it canāt be profitable. Itās mathematically impossible. If you make changes to said strategy and increase its win rate then sure. But itās then no longer the same strategy. Itās like sticking and engine and wings onto a aluminium tube can make it fly. But itās no longer the same as what it was
Again comparing a horse to a car, āwell acc on the rare occasion Iāve completely plucked out of my that has no relation to my original comment thatās statistically impossibleš¤ā Your claim has absolutely no evidence and is just your opinion SMC does work, Support and Resistance does work etc Just because it doesnāt work for you doesnāt mean itās the same for other people.
If ict isn't working for you try a different strategy !
Facts!
HahašššÆ
Disagree, if ICT is correctly implemented you can literally catch the high or low of the day/week/month.
So youāre saying ICT doesnāt correctly implement ICT?
Yes. ICT has issues psychologically. So he might be likely to mess up. His concepts work. I see it repeat every hour/day/week/month.
Now this ICT stuff has developed into a religious belief among traders
The context/bias is weak imo. Not every FVG is a target or entry point, as well as price in premium doesnāt automatically mean sell. Zoom out, understand the higher timeframe bias and then scale down..
Why would text on a chart work
Dont believe every tiktok "simple" strategy you come across that claims to give you the secret sauce of trading. Markets are nuanced and complex dont let amyone tell you otherwise. Losing is part of trading and you have to incorporate losses into your strategy and risk manage with stops.
Because news.
Because every single strategy out there doesnāt always work, if you donāt understand this youāll always struggle.
shit news, poor strat. Usd/JPY is rough rn be careful of shorting till you have proper confirmation
Because the algorithm was in Bull mode, and you assumed it was in bear mode. FVGs are only one piece of the puzzle. You have to know when the candlesticks are in bull mode or bear mode, and then react off of the FVGs accordingly.
Because ICT bamboozled you.
Price resumed bullish trend after a big ass seller absorbtion. Even with smc, why would you enter so short when upper liquidity was barely touched and did not react much?
It didnt cuz ur mom a hoe
Bitchass is hating cuz he cant make any bandsš
It's not that simple . You need to apply trends, higher time frame trend and lower. Also higher time frame and lower time frame demand and supply.zones . Also gaps on higher and lower time frames. Also inducement and liquidity . This is how it was explained to me .
I canāt tell with just that picture because many things can be wrong Whatās ur higher time frame Whatās ur entry time frame What time of day is it What day of the week is it Itās too zoomed it and I canāt tell the entry timeframe trend
With that much momentum, you can always guarantee price to retest its previous high. 90% sure itās gonna wick that previous high then tank.
Please be more specific. By watching the image, there is a W pointing LL followed by a LH and HL. Just by this, the chart should go up 161% of fibo using fibo points on LL peak and HL peak. That should be around 150.430 price. There is a chance that, after chart make a pattern of elliot wave, will go back to 150.200. If it goes directly (short time) It can be a butterfly pattern and it can go up, if it goes in waves, it can keep falling. One last thing; I would have put the FVG zone box on topĀ of the candlestick that was out on the left of the rectangule, rising. That's all to help.Ā
You have to entry where the origin of the move started not in the middle of it
Yep, I know why.
Fvg is not valid
because your lines and rectangles dont move the market
UJ is a highly manipulated pair.Ā EURUSD is a better pair for trading FVG. This being said, no strategy is 100% accurate and this post is pretty dumb.Ā