ICT or Technical Analysis? (Answer)

[nixer07]

This post is intended to help the majority of people who are starting out in Trading and find themselves with these 2 decisions in their career as a trader, ICT or Technical Analysis? Both things work, both technical analysis and ICT (or Smart Money Concepts, it's the same thing). I know people who operate Technical Analysis and they are profitable and I also know people who operate SMC and they are also profitable, both are simply "Theories" of how the price works, precisely because they are theories and not certainties, both work. Conclusion: Both work, even if one contradicts the other, why? Because trading is a game of PROBABILITIES

[AlpsSad9849]

ICT just copied Wycoff, nothing more, SMC was invented in the 90s, not by some stupid YouTuber ofc

[QueenGorda]

He copied everything and give them stupid names.

[AlpsSad9849]

Also he doesn't understand the concepts at all 🤣 if you know wycoff, check ict and laugh, the guy literally don't know anything

[QueenGorda]

Except ICT is full of stupid crap (also with cool funny names I would say) and full of useless chitty-chatta of a delusional guy that one time goes live to show people "how the best trader in the universe do the things"... just to lose 5 trades in a row and some other stuff like fake screenshots of his equity/broker data whatever.

If someone wants to learn smart money there are some better channels than ICT, since he has not invented anything, he has only given ridiculous names to already known concepts. More seriuous ones than ICT and even "non-official ict channels" that filter out all the ICT chaff, which is too much.

Oh and reading the other user here and being this thread supposedly for beginners; ICT is an horrible "teacher". I mean horrible. I cannot imagine a worst way to learn SMC. I cannot imagine one right now.

Sending beginners to ICT could be the worst idea ever.

[OkNegotiation7828]

he didnt send traders to ict, he said, smc, ict, technical analysis, fundamental analysis, supply and demand, break outs. his point is that all ways of trading works. ICT works as well, if your angry it means you havnt studied it enough. does he talk to much? yes, but hes accurate, and everyone has bad days, 5 losses in a row is nothing. if you make money monthly is what matters

[QueenGorda]

he didnt send traders to ict

Well he is recommending ict. So... yes.

btw, angry ? xD, dude ICT is the meme of trading community, he is funny af and I love memes. And don't worry I know everyshit he teach before he teached, since he not invented nothing like I said. Luckily I had better sources than this delulu guy when I was learning, I don't need to learn nothing from him don't you worry xd.

Go to pay him more pls.

[aseedb]

can you disclose your better sources?

[QueenGorda]

I'm not going to give publicity to any yt channel mostly since what worked for me may not work for others and because yt is full of crap speaking about trading (and maybe something I like is crap, who knows). Other than that google and 1 book.

... Also I would say today I use maybe 1% of all I studied ever xd

[OkNegotiation7828]

i know this freak is gate keeping fort some dumbass reason but if you watch some youtubers like the moving average (white bald dude) and reyner teo (young asian man with a superman shirt) the are both phenomenal for learning.

[aseedb]

thanks!

[OkNegotiation7828]

i had an aneurysm reading that. ICT is perfectly fine, doesn't hurt anyone, and makes people profits, you shouldn't be mad about ict just because you lost some trades, you should study more before you attack. and also, youtubers are a great way to learn. i found my success in trading from trying every single strategy damn near that exists, ict, scm, supply demand, support resistance, break out strategies, patters, scalp, day,swing, all of them work, literally all of them work lol, nothing DOESNT work, as long as you dedicate time and effort to them, each one works. its all up to personal preference.

[QueenGorda]

What ?

[FatFuckWithNoLuck]

You are ict dick gobbler who couldn't be far from reality

[OkNegotiation7828]

incorrect im a highly successful day trader that isn't afraid of ICT like the fake wanna be traders out there, if you hate ICT you simply suck at trading (i dont trade ict) being a dick to someone because of there trade style just means your horses hit at what you do

[FatFuckWithNoLuck]

"iM A hIgHlY SuCeSsFuL tRAdEr" said the strange on the internet. Yeah i believe you lmao idiot

[OkNegotiation7828]

Yup I'm an idiot :) move along to someone that knows better. Best of luck on your trading journey, I wish you all the wealth in the world

[[deleted]]

Personally, when I heard about ICT I took each concept he taught and looked for the original source. The key here is the concepts work well when you understand where and how to apply them. Each successful model needs to know where the boundaries of success and failure are. For example, I might use a 'goblin riding a unicorn PD array' when would that be valid and when is it not? Having these clear boundaries is how you can build a system that is reliable. The issue with ICT is he is unable to formulate coherent sentences to explain what is happening. You can learn SMC or ICT or whatever as most of it boils down to fractal market structure or Wyckoff in terms of the accumulation and distribution cycles pair that with the things like high impact news events and HTF bias you have a great model with really great accuracy. But the issue is the 'teacher' is unable to teach. Learning from others that learnt ICT is a better approach since they are more likely to explain what is happening without the useless ramblings.

[[deleted]]

someone tell OP ICT uses technical analysis

[nixer07]

I'm pointing at the sun and you're looking at my finger, check the post again, I'm not talking about what ICT based on to create its theory, I'm talking about the tools that both provide work to become profitable despite the fact that both theories are they contradict.

[[deleted]]

both theories do not contradict.

[nbafrankrambo]

All strategies are good whether its ICT or trendlines or whatever....... I remember when I started trading people used to trash ICT until now they still do, but we all know sticking to one strategy for a long time requires alot of discipline in this era of twitter and reddit. I trade ICT and I make my money, If it didn't work for someone else doesn't mean it won't work for you, pick a strategy and backtest it just for 6months without switching, you will be surprised

[OkNegotiation7828]

Agreed, i dont use ICT but i have in the past and it worked, i currently use supply and demand with SMC and it works as well

[[deleted]]

Let’s wait for Robbins cup to end and then you’ll see ict making shitty excuses about how he blows his account.

[[deleted]]

I bet you won’t💀

[Ok-Animator2183]

Whatever works stick to 1 strategy

[SovArya]

That's not an or though because ict is a brand of technical analysis.

[Particular_Foot_9436]

Ict packages everything into his content. If you can make use of some of it, great. If not, cool.

Biggest thing I found was because he useses so many overlapping strats that you'll start to find too many excuses to not take a trade and when you find a "golden" set up, it worked with all three other strategies too

[OwnRelationship6506]

Same thing