ICT Concepts Are a Scam - This Video Shows You Why

In this video, i detail why Inner Circle Trading is a Scam in both Futures or Forex markets, really in any Financial Markets

We detail the edge that is not present in these trading concepts, and welcome traders to discuss if an edge is even present.

Join the OrderFlow team to support the channel:

[MrOrderFlowOfficial]

If you would like to actually learn about Delta, Volume Profile, and what goes on behind the candles. Check out the playlist below, hours of content for free.

[manwasam]

In the markets your work is to manage risk, not to expect a 99-100% winner strategy. The secret is how big you win when correct and how small your loss is when wrong. Chasing win rates greater than 50-60% is a decoy used by market makers to fleece you and make you emotional.

[zerudaniel]

What's funny is my main strategy is fading into them and looking for them to get filled. Thank you for providing a back test to that idea. Obviously still using context, levels, and order flow, but I have definitely seen them get more filled than respected. I just use them as targets same as low volume nodes.

[Peter_Potato]

ICT is a crafty marketeer who's successfully built a huge subscriber base. I couldn't recommend his YouTube content to friends or family because I'd be embarrassed to have them listen to Michael's skillfully drawn out content in which he tries to maximise his revenue. It's a shame because some of the ideas around 'premium & discount' could actually help newbies towards gaining an edge.

[cammycapital]

Great video Mr. OF 👏

A pill too hard to swallow for most of his followers, but if you insist on using ICT still at least add some order flow/volume to give yourself a fighting edge long term.

[cycle]

He basically just repackaged Wyckoff concepts, except it no longer works because the market has changed over the 90 years since this trading theory was developed. People are competing on the lower time frames against HFT algos and mathematicians. Renaissance Technologies has been developing their trading systems since the 70s. Even trading actual data with order flow strategies is extremely tough given how competitive the market is.

The only way to make money trading is to either study statistics enough to join a hedge fund, use a statistical system, or be the top 3% of order flow trader. Currently I use a fractal system based on statistics along with order flow. Honestly the more academic/data driven a trading system becomes, the more legit it is, just like any field nowadays.

[pike]

Once you learn the wrong thing, it is really difficult to unlearn it. Better to stay away from this "ice-tea turtle soup hodgepodge" and learn the right thing from the start. Delta, footprint, volume profile, TPO, DOM, heatmap.

[SamerH.]

Actually it’s works for me and it’s been like that for the last 2 years consistently

[OS-ygfr]

on what timeframe did you collect those fvg stats?

[neikissyoga]

this video is meaningful to people who trade firstly and people who don't know whether to learn ICT. you said you want to change this industry, thank you for your contribution and respect! even you show the data and evidence to tell people ICT doesn't work, but still many people attack you, they just live in their world, so you can't wake them up,

[chriskabanda]

JP Morgan doesn't have to trade fair value gaps there are many ways to skin a cat. Not everyone trades tr same strategy in this industry.

[leeashernolan]

but who was narrative, draw on liquidity, time frame alignment, news, confirmations etc?

[MrRozayyy]

You would think people would actually be somewhat relieved that there’s tools that have the chance to mitigate them taking false trades based purely on technical analysis and filter out when it has the potential to play out. Instead they always choose to bash the person trying to show them there’s an other side to trading the markets. Seriously baffling. Watched this last week and came to see what the comments were like🤣

[iameladlevi]

What is the timeframe/bar size you’ve tested it? And what are the dates of the backrests?
Much appreciated!

[majcaj]

coin flip will have the same results as trading fair value gaps hahahaahhahahaha

[martinsebolacky]

your opinion on trading delta footprints? Lets say range charts or renko with delta..trapped traders, absorbtions etc. ?

[eddietalley]

Yall silly. . I've sat and watches the man call the market bull and bear for a couple weeks straight. Calling these concepts a scam is clickbait crazy

[theblackturnip]

Every time I see a successful ICT style trade review on Twitter there’s a trendline break or break of accumulation 😂 concentrating on a 1 minute candle characteristic when there are 12 hours of volume nearby is ridiculous. If you have volume, delta and OI Data you better use it.

[marcelopenido]

Thank you for open the eyes of the newcomers!

[ayk]

Thank you, what did you use to backtest the ict setups?