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Showing content with the highest reputation on 07/30/21 in all areas

  1. Minion

    Indo-Investasi

    Never Mistake the Finger for the Moon (english citation) Quando il saggio indica la luna, lo stolto guarda il dito (italian) This thread started with the above series of questions by good laser1000it, and has transformed into people asking why they don't see who is liking posts (probably due to browser add-ons that prevent for certain informations to be shown). I (together with laser that asked the first question) wonder also whether Owner/Admins/Mods/ex Mods understand that a Board where capable members (laser, candyman, etc) shared for free their "educated" dll's or programs, at a certain point (suddenly) changed its DNA when someone (not spending any money for the rent of the server) began to make money selling its work, using this Board as a free window for selling his work. Since this guy is praised so much, I wonder if the owner (who is paying "to keep the server alive" as said by laser) is aware of that.... that is "he is paying while others make money". Do you think that this behaviour is pushing other guys to share their work for free here? Does the "other guy" contribute at least by sharing his work for free with the Admins?
    1 point
  2. I'm reposting this again, since my last post was flagged and sadly moderation seems non-existent in this forum. Well, I have traded with both SMFX and Cointrader96 in the past, very good consistent traders. SMFX learned from Cris Lori and Cointrader96 from ICT and they both trade very similarly. (Also, Cointrader96 trading system is based on ICT's free YouTube videos, not on the mentorship videos.) So the thing to keep in mind is, there isn't one exact way of trading "Smart Money Concepts" (SMC) and this is why people struggle with the way Inner Circle Trader (ICT) teaches, because he teaches many SMC models and therefore you have to pick what suits you and disregard the rest. You have to create your own trading system and this requires you to backtest and actually put in the work. You pair this with his unnecessary long videos teaching you more about colognes than trading itself and you start to realize why people don't like his teachings. Now, the reason people don't like the man himself is a whole different discussion... You see, there's nothing new under the sun, it all comes back to Wyckoff, Elliot Waves, Dow theory and WD Gann. These traders understood how the market moved +100 years ago and all recent technical analysis are, in one way or the other, inspired in these methodologies. ICT however insists that he invented all the "SMC" stuff himself and even made bold claims such as Richard Wyckoff would be his mentee if he was still alive. Most people outside ICT's group think differently and this is where all the drama stems from. Those ICT traders will, more often than not, find themselves entering the market at the same time as Wyckoff traders. Wyckoff at its core is nothing more than liquidity creation + manipulation (shakeouts) and return to supply and demand zones. So one can argue that it's the same thing, but different perspectives. Whether he learned from Chris Lori, Larry Williams or directly from Wyckoff it doesn't matter. ICT brought what was was already available everywhere to the forefront. He took what he learned, packaged it, made words for it and taught it. The other SMC traders who learned from Chris Lori and/or ICT simply refined it. In the end, you have to find what resonates with you. Some people prefer to go back and learn directly from the books of the great traders I mentioned above and others prefer to learn from someone else's interpretations. Being refined doesn't necessarily mean it's a bad thing, there's always room for improvement. So to end this long reply, this is how the timeline goes like: Wyckoff > Larry Williams & Cris Lori & ICT > ProficientFX & IML > RC Visionaries & WWA > All other SMC mentorships/courses I'm not sure which courses you watched, but remember, the market is fractal no matter how you look at it: Wyckoff, trendlines, equal lows, supply and demand, Order Blocks, etc. We are essentially trading Market Structure here, the Order Blocks are just for Entries. If the Order Blocks aren't holding price, chances are your Market Structure analysis is wrong. More often than not, this is due to the Top Down Analysis. I recommend that you watch this video: Again, if you are interested in "SMC", I recommend Vertex or VVS Academy (Smart Money Source) for this. I personally like when my Order Blocks leave an imbalance behind, this is a good confirmation that price needs to come back and mitigate it. And just like you said, they are also good when used as targets. As a matter of fact, Levi from ProficientFX trades like this. You can trade from Orderblock to Orderblock. Basically, you go to the H4 or H1 and mark the imbalances and liquidity as to where price could potentially go, and then look for a clean Order Block (by clean I mean, engulfing candle that took EQH/EQL, with no wick/small wick, and left imbalance behind) targetting liquidity on the way to another OrderBlock. Example: ​
    1 point
  3. 1st thanks to OP, here is gdrive mirror: https://drive.google.com/open?id=1GWnqORT8cb27-uL12BZ0FkLKf-CVqcDP enjoy
    1 point
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