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Order Block Theory - Institutional Trading Method

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  • Post #141
  • Quote
  • Aug 24, 2021 1:41am Aug 24, 2021 1:41am
  •  poslaju
  • | Joined Nov 2020 | Status: Member | 3 Posts
you should watch the depth of market to watch the block trade.
 
 
  • Post #142
  • Quote
  • Aug 24, 2021 1:53am Aug 24, 2021 1:53am
  •  isko
  • | Joined Jun 2013 | Status: Member | 127 Posts
1H DXY

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SMT, IPDA, Market Structure
 
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  • Post #143
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  • Aug 24, 2021 2:02am Aug 24, 2021 2:02am
  •  elijahFx
  • | Joined Jun 2020 | Status: Member | 5 Posts
Quoting Pumi
Disliked
{quote} Learning the ICT Concepts is a marathon and not a sprint program. You might have to repeat those same long videos. Try the following: 1. ICT FX Scout Sniper Basic 2. ICT Precision Trading 3. Market Maker Series 4. The ATM Method 5. ICT WENT Series 6. ICT 12 Months Mentorship
Ignored
too many, complicating things so much when trading is really simple
 
2
  • Post #144
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  • Aug 24, 2021 2:38am Aug 24, 2021 2:38am
  •  Pumi
  • Joined Nov 2017 | Status: Member | 491 Posts
Quoting elijahFx
Disliked
{quote} too many, complicating things so much when trading is really simple
Ignored
I concur.

It is how ICT sees the world and unfortunately we don't all see it the same. Some can see it in a complex way and some in a simple way. Hence I took a step back from ICT's concepts. He is not presenting something new. Some of his concepts can be traced back to the Richard D. Wyckoff era - same stuff just using modern terminology to sound more "institutional".
 
 
  • Post #145
  • Quote
  • Edited 5:20am Aug 24, 2021 3:24am | Edited 5:20am
  •  scherzi
  • Joined Aug 2013 | Status: Member | 582 Posts
Quoting Pumi
Disliked
{quote} I concur. It is how ICT sees the world and unfortunately we don't all see it the same. Some can see it in a complex way and some in a simple way. Hence I took a step back from ICT's concepts. He is not presenting something new. Some of his concepts can be traced back to the Richard D. Wyckoff era - same stuff just using modern terminology to sound more "institutional".
Ignored
The concepts of trading were already in use in the XIXth century. Same as engineering terminology could be heard during the industrial revolution a few centuries ago and even with the greek civilization. It does not mean that engineers cannot create new things.

ICT is completely different from Wyckoff, S&D and any other style I have studied in the last 20 years. ICT is completely genuine, but it is not an easy approach to trading and it globally makes sense probably for charter members only that finised the private mentorship.

All people want fast results and I can count with one hand the number of individuals that I have found that were prepared to learn ICT (and trading in general) among hundreds that I came across in the past. People are generally not prepared for trading. And they never will be. A lot of blah blah blah (lot of talking and little of hearing), explain to me in one sentence or two that you said it took years to learn, tell me where I can find a tutorial (I don't know how google works), etc...

Once you have the blocks of ICT, you need to start over again to experiment for months or years maybe till you find a combination that works. ICT is not telling you what to do exactly and some things that ICT contain are completely unaccurate, so you need to work on them. Because we are humans, even Michael is human and is biased as everyone of us is.

Now, anyone willing to lose all his or her money trading a high liquidity order-block after a break in market structure is free to do it to participate in the eternal game of wealth redistribution from losers to winners. I think I won't repeat myself in the future. People thinking I am a jerk won't read me no matter how much I write and those that took it into consideration do not need that redundancy.
 
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  • Post #146
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  • Aug 24, 2021 4:59am Aug 24, 2021 4:59am
  •  sleewc
  • | Joined Feb 2008 | Status: Member | 148 Posts
Quoting girl.trader
Disliked
{quote} Thanks alot for explaining the concept,i saw few you tube clips and studied and learnt,it really make sense what you explained.i value your posts,please keep teaching,thanks for generosity.
Ignored
Hi, GirlTrader,
sorry can't reply at sooner, as I am doing other day time job, only when I am free I will sit and look at the market, then plan for the trade.

"thanks sir,how to find imbalance,i can see fresh imbalance created by a spiked candle on right,how do u call these 3 candles on left as imbalance,please explain."

To answer the above, the right candle is the new candle which boom up, that will be a new candle, and imbalance occur, if you look back to the chart, the candle will filled the imbalance again, and shoot up.....

and they will always imbalance when strong momentum occur, then you can take your fibo indicator to measure, those imbalance candle should fill only (max. of 50%), and consolidating there, then MOSTLY will continue the trend of the long candle.

meantime, there are a lot of consideration as well, check dollar Index, market sentiment, war, supply and demand zone..... so, just take it step by step. I think earlier post there was a youtube video on imbalance trading, as well as order block idea, you may want to watch it again and again.

Cheers.
 
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  • Post #147
  • Quote
  • Aug 25, 2021 1:40am Aug 25, 2021 1:40am
  •  isko
  • | Joined Jun 2013 | Status: Member | 127 Posts
Quoting isko
Disliked
1H DXY {image}
Ignored
1H DXY for today.

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Share your thoughts about it. ICT concept only.
SMT, IPDA, Market Structure
 
 
  • Post #148
  • Quote
  • Aug 25, 2021 8:46am Aug 25, 2021 8:46am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,251 Posts
Quoting Pumi
Disliked
{quote} I concur. It is how ICT sees the world and unfortunately we don't all see it the same. Some can see it in a complex way and some in a simple way. Hence I took a step back from ICT's concepts. He is not presenting something new. Some of his concepts can be traced back to the Richard D. Wyckoff era - same stuff just using modern terminology to sound more "institutional".
Ignored
It's like this with each generation to generation we do the same things with much improved and easier efficient way, things which our father used to do with their own ways we find some flaws in then and we do them better same goes with wyckoff and ICT is more detailed, who knows in the coming years people would be a step ahead than these.

Wyckoff was there since ages but how many people knew it, and even now majority of the courses available are with ICT alone or ICT + wyckoff concepts but a few to none are of only with wyckoff alone.

Which we will prefer depends upon what we finds easier as per our taste and style but what you mention "to sounds more institutional" is incorrect in my opinion.
The Ghost In The Machine
 
 
  • Post #149
  • Quote
  • Aug 25, 2021 4:58pm Aug 25, 2021 4:58pm
  •  Forexholy
  • Joined Jun 2017 | Status: Member | 2,082 Posts
I was just listening to one of ICT traders videos a few days ago and he said he does not teach or support the Wyckoff method.
 
 
  • Post #150
  • Quote
  • Aug 26, 2021 2:17am Aug 26, 2021 2:17am
  •  sleewc
  • | Joined Feb 2008 | Status: Member | 148 Posts
As I am doing this to show one of my friends, so I just post it here too, example of Flag Pattern, reverse trend and trend continuing; also Imbalance filling and trend continue.

Example of Imbalance Filling and Trend Continue.
-Candle bars should consolidate at Mid range of the long bar.
- Then the entry can be at the mid range or border of the mid range, SL above or below the range border

Cheers
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  • Post #151
  • Quote
  • Aug 26, 2021 2:24am Aug 26, 2021 2:24am
  •  sleewc
  • | Joined Feb 2008 | Status: Member | 148 Posts
Quoting sleewc
Disliked
As I am doing this to show one of my friends, so I just post it here too, example of Flag Pattern, reverse trend and trend continuing; also Imbalance filling and trend continue. Example of Imbalance Filling and Trend Continue. -Candle bars should consolidate at Mid range of the long bar. - Then the entry can be at the mid range or border of the mid range, SL above or below the range border Cheers {image}
Ignored
By the time of posting, am having +23 pips; as I took position a bit late due to was busy with other matter.
Cheers
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  • Post #152
  • Quote
  • Aug 26, 2021 4:49am Aug 26, 2021 4:49am
  •  scherzi
  • Joined Aug 2013 | Status: Member | 582 Posts
Quoting sleewc
Disliked
{quote} By the time of posting, am having +23 pips; as I took position a bit late due to was busy with other matter. Cheers {image}
Ignored
That setup is incorrect, you would have lost it if actually trading imbalances. OB theory is not there anywhere at or near your level or setup on that TF.

I really cannot explain why, it would cause more harm than good because anyone reading would think that adding these two or three new ideas or rules that person's system would already be corrected and ready to take another trade.

Well, I am leaving this thread. It is absurd trying to trade OBs and imbalances like that imo.
 
 
  • Post #153
  • Quote
  • Aug 26, 2021 5:00am Aug 26, 2021 5:00am
  •  scherzi
  • Joined Aug 2013 | Status: Member | 582 Posts
Quoting sleewc
Disliked
As I am doing this to show one of my friends, so I just post it here too, example of Flag Pattern, reverse trend and trend continuing; also Imbalance filling and trend continue. Example of Imbalance Filling and Trend Continue. -Candle bars should consolidate at Mid range of the long bar. - Then the entry can be at the mid range or border of the mid range, SL above or below the range border Cheers {image}
Ignored
That schema and trade is opposed to ICT's OB theory. And completely wrong from an ICT perspective. It is really absurd from an OB perspective.

Well, good luck to everyone.
 
 
  • Post #154
  • Quote
  • Aug 26, 2021 6:26am Aug 26, 2021 6:26am
  •  sleewc
  • | Joined Feb 2008 | Status: Member | 148 Posts
Quoting scherzi
Disliked
{quote} That setup is incorrect, you would have lost it if actually trading imbalances. OB theory is not there anywhere at or near your level or setup on that TF. I really cannot explain why, it would cause more harm than good because anyone reading would think that adding these two or three new ideas or rules that person's system would already be corrected and ready to take another trade. Well, I am leaving this thread. It is absurd trying to trade OBs and imbalances like that imo.
Ignored
I think you are an arrogant person. I would have lost? Sorry , no, I made it although with small 35 green pips.
I wont comment is wrong or right from your perspective, I know of peoples trading OB even with 5M, to daily, weekly ......
If you think is wrong, you may post your chart and educate people.

Or else, you may leave as you wish, and bye bye.
 
 
  • Post #155
  • Quote
  • Aug 26, 2021 7:31am Aug 26, 2021 7:31am
  •  scherzi
  • Joined Aug 2013 | Status: Member | 582 Posts
Quoting sleewc
Disliked
{quote} I think you are an arrogant person. I would have lost? Sorry , no, I made it although with small 35 green pips. I wont comment is wrong or right from your perspective, I know of peoples trading OB even with 5M, to daily, weekly ...... If you think is wrong, you may post your chart and educate people. Or else, you may leave as you wish, and bye bye.
Ignored
If you know trading OBs, then you do not need me educating; and if you do not know it, then you should, in fact, be cautious, since I have said and others subscribed that trading OBs is very complex.

When you see a person who is trading order-blocks and continuation bearish flags on breakdown, you can only alert that person that the setups are wrong. Same as when you trade an imbalance with such a wide SL and at the level it was done.

Since I see you are interested in ICT market order-flow theory, I will take the time to try to make you a favor warning you so that you can make a decision about if you want to learn it or not. Otherwsie you may be thinking that you knew what OB trading is while you did not. That is the point.

As you say, you can see order-flow from 10sec charts and above. See this layout I use sometimes to verify prices. There is no problem as long as the range traded is profitable.
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If you want to trade order-blocks, try to design yourself a trading model based on any of the ICT series like Scout Sniper or ForeXmas. But do not expect to make it in less than a couple of years. I already said this above, I won't repeat myself. Look, I have dealed with dozens of aspiring traders and there is no soft, easy and straightforward approach to this. People get exahusted and give up after one or two of years trying to trade without making the required learning effort before.

You think that I am arrogant because I am not satisfying your desires with my words and am telling you directly what is going to happen; and I am doing it because trading is brutal and the outcome of your mistakes is ruin.

If any of you think anyone can come here and teach you profiting from OB trading, you are simply wrong, it won't happen. 99% likelihood it won't.
 
 
  • Post #156
  • Quote
  • Aug 26, 2021 8:28am Aug 26, 2021 8:28am
  •  sleewc
  • | Joined Feb 2008 | Status: Member | 148 Posts
Quoting scherzi
Disliked
{quote} If you know trading OBs, then you do not need me educating; and if you do not know it, then you should, in fact, be cautious, since I have said and others subscribed that trading OBs is very complex. When you see a person who is trading order-blocks and continuation bearish flags on breakdown, you can only alert that person that the setups are wrong. Same as when you trade an imbalance with such a wide SL and at the level it was done. Since I see you are interested in ICT market order-flow theory, I will take the time to try to make you...
Ignored
Great Info. Thanks.
 
 
  • Post #157
  • Quote
  • Aug 26, 2021 10:06am Aug 26, 2021 10:06am
  •  orderblock
  • Joined Jan 2021 | Status: Member | 152 Posts
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  • Post #158
  • Quote
  • Aug 26, 2021 10:10am Aug 26, 2021 10:10am
  •  orderblock
  • Joined Jan 2021 | Status: Member | 152 Posts
Quoting orderblock
Disliked
{image}
Ignored
EUR/JPY M15
 
 
  • Post #159
  • Quote
  • Aug 26, 2021 11:17am Aug 26, 2021 11:17am
  •  scherzi
  • Joined Aug 2013 | Status: Member | 582 Posts
Quoting orderblock
Disliked
{image}
Ignored
I am not saying this is going to happen. But, this could also be like that.

The question here is what if and why not?

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  • Post #160
  • Quote
  • Sep 14, 2021 9:20pm Sep 14, 2021 9:20pm
  •  sonicvista12
  • | Joined Aug 2010 | Status: Member | 55 Posts
just stopped paying for monthly memberships - I got to month 7 and I decided I could not bring myself to pay him any more money. He promised so much for the mentorship ("I'm going to pour myself out for you this year") but delivered so little. Each month is supposed to be focused on a particular element to his teachings, and he promised to spend each video elaborating on the topics. But they were so basic and short (the only long ones were where he rants about how he created all this and how people are ripping him off) and devoid of the detail about each topic that he had promised. His excuse was "I'm giving you what you paid for" which is totally the opposite of what he was saying in the free youtube vids when enticing us all to join the ("the last ever year of mentorship, I'm never doing this again") mentorship.

Plus there is a lot of Captain Hindsight going on in his analysis - one example, a few weeks ago he stated something he said would not occur in EURUSD according to institutional orderflow, and it DID happen. I had annotated the very thing in my chart, and was interested to see what he would say about it in the next video. Guess what? He'd changed his chart, and made no mention of it... that was the last straw for me.

He spends so much time & energy brainwashing his Disciples to just look at DXY, EU, GU & EG. And limits them to the LDN & NY Killzone timezones. AND makes his students alter their day to start at NY EST midnight, which is 7 hours into the trading day. I was always curious about this, but then realised its all part of his control-freak nature to keep his students limited and hanging on his every word.

I could go on and on, but this is already a long reply. He is an insecure, delusional, bipolar man but who is also very clever and articulate. I do not question his genuine belief about himself, as he is his own No.1 fan, but, I have to say, outside of his basic teachings (which he did NOT invent, only appropriated from others), he has very little to offer the world of forex trading.

So for those of you out there who maybe lamented missing out on his 'last ever' mentorship in 2021, may I reassure you you didn't really miss out - it's all there in his free youtube vids.
We don't see things as they are; we see things as we are.
 
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