you cannot get there without constantly searching...plenty of work always therefore. And actually my strategy has a drawdown phase. That happens from time to time. I cannot do anything then just wait and sit tight here. Recently I checked Orderflow scalping strategies. Tried many, many different things just to come to the conclusion after a good month that the net profit is just zero and no profits can be made (in realtime tracking). So all those youtubers with Orderflow praising that it is the grail, is just garbage. I do not say that no one cannot do any profits with Orderflow, but this is then highly discretionary, because systematically there is nothing to earn here. Now I am checking Silver Bullet ICT if it has some value or not.
What the hell is ICT? There are too many acronyms to track and Google is returning too many results. Disregard. I found it. A quick YouTube search returns nothing but contention with this dude. Seems like people either love or hate him.
I don't trade it but know others whom do, some are successful at it others are still struggling. The success is based upon how much they backtested, how much of his "core content" they know and know when to take trades or not. The struggling ones have more psychological issues to work out. Many are on the treadmill of doing "Prop" Challenges, getting "funded", over-levering, getting liquidated, repeat. Regardless of ICT's claims, there is a lot of discretion that is necessary even with a strategy that he says presents mechanical opportunities everyday. He is about to trade live in the Robbins Cup, so lot's of eyes are watching to see whether he puts up or makes an excuse to drop out. To his credit, his twitter live streams pulled lots of eyeballs and he's an excellent YT content creator, constantly creating content. There is a whole generation of young traders whom religiously follow his teachings, and will flame and troll anyone whom 'looks for the wizard behind the curtain', challenges him with critical thinking or challenges him that some of his concepts are rebranded. All-in-all, I found his followers to be very cultish. However, with all that said, he does have some very good distinctions describing market phenomenon, some as unique contributions originated by him. The challenge is wading through hours of a video to get to 5-15m of distinctions. I'd stay away from his "Shotgun Saturdays" where he pontificates and rage rants. Imho, he uses his captive audience during that time for self-validation and cheap therapy. This is probably not a thing anymore since Nov '23, he claimed that he would leave all social media. That lasted for less than 2 weeks and has continued to post content on YT. At the beginning of last year, he went on-and-on about having interviews with successful traders of his teachings, after a couple of interviews, that format seemed to have dropped off. That was circa Spring '23. Make of that what you will.
I saw some of his YT videos. He seems to not see obvious trades I see without any indicators. And if he gets in in the same direction it is far behind me. It is discrete yet somewhat systematic trading, with filters that work but are far from optimized. I say it puts people into an advantage over the guys who still trade PA like Brooks which is the most widely teached form of trading and lost its edge with the HFTs that can manipulate candles, so credits to him. But it is still a very amateur like style. There are things you notice in watching charts for like 200hours that work better and more reliable. But the masses aren't really putting efort in so they hype this guy instead
Not sure if that is any help to the OP. It would be much better if you actually shared something practical. At the very least, give us a proof that you can actually catch a trade sooner than ICT. Just a thought.
Good Evening TrAndy2022, You just have to try it out and see if it works for you and make some money for you. Full Disclaimer : I am currently a Winning Money Maker of about $15,000 on the fiscal year of 2023. I made the $15,000 the past 14 days. I am an ES Futures Master Money Maker. I make money in the ES futures market every single day. I am not a Trader, just a Money Maker of the ES Futures Market. Being a trader is too complicated and far too much work. I use to a be a Loser of the ES futures market when I was a Trader. In about 3 months, the ES futures market will promote me to ES Futures Market - The Holy Grail Money Maker King.
Repackaged Wyckoff and other classical technical analysis under fancy-sounding names. The guy has a cult following because he told people that he was kidnapped by some guys, put in a black van and told how the market's algorithm works. Try not to laugh....
Just watch price. There are momentum phases, directional phases and transactional phases (rangebound). If we are in momentum phase and price doesen't even touch an important level and the candle close to it reverses sharply (on no news) it means we were going against the overall sentiment. From there you know the direction of the market all day long. Doesen't take a genius. It isn't even hard to spot. In this case his potential entry zone wouldn't even be reached. This is only one thing. There are dozens of such clues you find just watching price. In every case you are in way before "supply and demand zones" which is just guru talk for unclosed gaps and support and resistance zones. This guy doesen't even differenciate between momentum and direction trading. He just goes market profile. All it takes is a few weeks of volatility and he's probably out.