Exposing ICT and his concepts once and for all. This took 3 months.
Summary
TLDRThe video script presents a detailed critique of ICT (Inner Circle Trader), challenging his credibility and trading methodologies. It accuses ICT of manipulating evidence, using flawed backtesting, and failing to deliver consistent trading success. The narrator dissects various claims made by ICT, including the controversial use of Photoshop for financial gains and the inability to provide verifiable, long-term trading results. The script also highlights ICT's alleged use of intimidation and deception to maintain a facade of success, ultimately questioning the legitimacy of his trading strategies and mentorship programs.
Takeaways
- 💬 The speaker vehemently denies accusations of being a fraud, emphasizing that all claims made in the video are backed by evidence.
- 🔥 ICT is criticized for defending a photoshopped withdrawal and later claiming it was a joke, raising questions about his credibility.
- 💸 The speaker claims to have made more money from teaching trading than from trading itself, questioning the validity of ICT's trading methods.
- 📈 ICT's alleged failures in trading competitions and account management are highlighted to challenge his reputation as a successful trader.
- 🤔 The script questions the authenticity of ICT's trading success, pointing out inconsistencies and alleged manipulations in his public statements.
- 📝 ICT's reliance on backtesting and selective data presentation is criticized, suggesting it misrepresents his trading strategy's effectiveness.
- 💯 The narrative suggests ICT manipulates his followers through carefully crafted messaging, positioning himself as an unmatched trading mentor.
- 🙄 Allegations of ICT's mental health issues are discussed, hinting at possible explanations for his grandiose claims about the trading market.
- 🚫 Concerns are raised about the cult-like following ICT has developed, with the script suggesting he discourages critical questioning among his followers.
- 😭 The script ends on a note of skepticism towards ICT's methods, urging viewers to critically evaluate the evidence and claims made.
Q & A
What is the main accusation against ICT in the video?
-The main accusation against ICT is that he is a fraud who falsely represents his trading success, uses manipulation and deception including photoshopped evidence of trading success, and relies on flawed teaching methods that do not result in actual trading proficiency.
Why won't ICT take legal action against defamation according to the video?
-According to the video, ICT won't take legal action for defamation because the evidence and accusations presented against him are true, making it difficult for him to challenge the claims legally.
What evidence is presented to claim ICT's withdrawal was fake?
-The evidence presented is that a multi-million dollar withdrawal claimed by ICT was discovered to be photoshopped because he forgot to add a minus sign to the picture.
How does ICT justify his photoshop action according to the video?
-ICT justifies his photoshop action by claiming he left the negative symbol off as a joke, even after initially defending the withdrawal as being real.
What does ICT claim about making money from teaching versus trading?
-ICT claims that he has made much more money from teaching and mentorship than from live trading, admitting that his earnings from teaching and mentorship are in the millions.
How is ICT's trading performance in the Robin's Cup described in the video?
-ICT's performance in the Robin's Cup is described as failing terribly and being a fraud if he didn't win, which he admitted to doing on purpose after failing.
What criticism is made about ICT's method of proving his trading success?
-The criticism made is that ICT relies on after-the-fact tweets and recorded trades, rather than showing live, real-time trading or providing audited third-party statements, to prove his success.
What logical fallacy is ICT accused of committing in his teaching according to the video?
-ICT is accused of committing the Texas Sharpshooter logical fallacy, where he cherry-picks data or instances that support his argument while ignoring those that do not.
What is said about ICT's teaching on back testing and market prediction?
-The video claims that ICT's teaching on back testing and market prediction is flawed, relying on hindsight trading and selection bias, leading to a worse success rate than random chance.
What psychological condition does ICT admit to having, and how is it related to his claims?
-ICT admits to being bipolar and having obsessive-compulsive disorder. The video suggests that his grandiose claims about coding the market algorithm and being under surveillance might be related to delusions of grandeur, a symptom of bipolar disorder.
Outlines
🚫 Exposing ICT's Misleading Tactics
This paragraph outlines a critical perspective on ICT (Inner Circle Trader), accusing him of fraudulent behavior and misleading claims about his trading success. The critic alleges ICT of photoshopping withdrawal proofs, making false claims about his trading efficacy, and manipulating new traders with his supposed success stories and trading concepts. The narrative questions ICT's integrity by highlighting inconsistencies in his statements, including claims of teaching for free while making substantial profits from mentorship programs, and his dubious historical trading performance. The critic's aim is to debunk ICT's credibility by pointing out the lack of real, verifiable trading success and to expose his strategies as ineffective through detailed analysis.
🔍 Analyzing ICT's Teaching and Claims
The second paragraph dives into a detailed critique of ICT's trading concepts and instructional methods. It questions the validity of his teachings through a statistical analysis of his predictions and the success rate of his strategies, which purportedly perform worse than a coin flip. The critic highlights the use of cherry-picked examples and hindsight trading as misleading tactics to fabricate success stories. The narrative further scrutinizes ICT's penchant for claiming unparalleled trading insights and the manipulation of his follower base through promises of exclusive knowledge and success, ultimately suggesting that ICT's methodologies are fundamentally flawed and rely heavily on deceptive practices to attract and retain followers.
📉 The Flaws in ICT's Trading Strategies
This paragraph continues the critical analysis of ICT's trading strategies, focusing on his back-testing methods and the selective presentation of trading concepts. It emphasizes how ICT's approach, which allegedly involves cherry-picking data and crafting narratives around selected success stories, fails to hold up under more rigorous scrutiny. The critic underscores the statistical insignificance of ICT's strategies, arguing that they are not only ineffective but can be counterproductive. The narrative suggests that ICT's teachings could potentially mislead traders into making uninformed decisions based on flawed assumptions and manipulated data.
🧠 Questioning ICT's Integrity and Methods
In this paragraph, the critique becomes more personal, delving into ICT's character and the authenticity of his claims. The critic challenges ICT's narrative of altruism and his assertion of trading on a demo account as proof of his prowess. It also raises questions about ICT's mental health claims, suggesting they may contribute to or explain some of his grandiose assertions about the trading market and his own capabilities. The narrative paints ICT as a manipulative figure who uses his platform to mislead followers for personal gain, while also potentially suffering from delusions that affect his perception of reality.
📚 ICT's Dubious Mentorship and Claims
This paragraph scrutinizes ICT's mentorship program and the veracity of his trading success claims. It highlights allegations of ICT blowing up accounts during his mentorship, requiring non-disclosure agreements from participants, and failing to fulfill promises of charity donations. The narrative also delves into bizarre claims made by ICT, including receiving trading insights from divine sources and being threatened by mysterious figures for sharing his trading 'secrets.' The critic aims to expose the absurdity and potential deceit in ICT's narratives, suggesting they serve more to build a cult of personality than to offer genuine trading insights.
⚖️ Debunking ICT's Smart Money Concepts
This paragraph offers a comprehensive critique of ICT's Smart Money Concepts (SMC), arguing that they are no more effective than basic trading strategies like support and resistance. The critic posits that the success of any trading strategy, including ICT's, relies heavily on the trader's discretion and experience rather than the strategy itself. This section suggests that ICT's concepts are repackaged basic principles sold under the guise of proprietary knowledge, and that the perceived superiority of ICT's methods among his followers stems from ego and the cult-like atmosphere he cultivates, rather than any demonstrable trading success.
📈 Reality Check on Trading Success and ICT's Influence
The final paragraph offers a reality check on the nature of trading success and the influence of ICT's teachings. It challenges the notion that passing a trading evaluation or adopting ICT's methods equates to long-term profitability. The critic emphasizes the importance of consistent performance over time rather than short-term wins, suggesting that ICT's celebration of isolated successes misrepresents the true nature of trading success. The narrative concludes by critiquing the cult-like following ICT has developed, attributing it to manipulative practices and a misunderstanding of market dynamics, rather than genuine trading acumen.
Mindmap
Keywords
💡ICT
💡Photoshop
💡Defamation
💡Back Testing
💡Discretion
💡Algorithm
💡Smart Money
💡Manipulation
💡Cognitive Dissonance
💡Cult
Highlights
ICT's multi-million dollar withdrawal discovered as being photoshopped, lacking a minus sign.
ICT claims a fraudulent withdrawal was a joke after being caught.
ICT admits to making more money teaching than trading.
ICT's history of failed trading accounts and competitions highlighted.
Claims of ICT's trading success scrutinized due to lack of live trading evidence.
ICT's teaching methods criticized for relying on hindsight and cherry-picked data.
ICT's failure in the Robin's Cup trading competition noted.
ICT's credibility questioned due to inconsistent and exaggerated claims.
Allegations of ICT's mentorship lacking transparency and using NDAs.
ICT accused of fabricating stories about being threatened over trading secrets.
Critique of ICT's claim to have coded a market-controlling algorithm.
ICT's manipulation tactics and cult-like follower behavior highlighted.
Concerns raised about ICT's mental health claims influencing his trading philosophy.
ICT's concepts criticized for lacking empirical support and promoting a flawed trading methodology.
Criticism of ICT's promotion of his free content while making substantial income from YouTube and mentorships.
Questioning the authenticity of ICT's trading success stories and the validity of his trading concepts.
Transcripts
if you think I'm a fraud in a scammer go [ __ ] yourself okay that's as plain as I can make it for
you [ __ ] you ICT will say this video is BS but what he doesn't want you to know is that he won't
take any real action like suing for defamation because everything you're about to see is 100 True
with sources to all evidence every single defense of ICT and his trading Concepts is Thoroughly
refuted later on I don't need to fake a statement I don't need to have to do any Photoshop most of
you already know that ict's big multi-million dollar withdrawal was discovered as being
photoshopped because he forgot to add a minus sign to the picture not only did ICT adamantly defend
this withdrawal as being real and attack those who didn't believe him but after he was caught ICT
then claimed he did it all as a joke I literally left the negative symbol off as a [ __ ] joke the
man who deleted access to hide his account being down and the same man who photoshopped
a withdrawal is here saying he doesn't need to photoshop anything fake anything or hide anything
I've made so much more money teaching than I did trading I can tell you honestly you made
that algorithm see my name more times than anybody else could have done it and I thank you for that
I thank you for that bro my [ __ ] kids are gonna have a nice Christmas just from that alone quarter
of a million [ __ ] dollars in YouTube earnings baby okay have I made more money teaching and
mentorship than I have in live trading and the answer is yes I've made millions millions and
millions and millions more teaching mentorship I am really really rich now we'll get more into the
Robin's cup later and how he said he was a fraud if he didn't win right before failing terribly
and then saying he did it on purpose or maybe I'm mixing up which time he failed which account with
which time he said he did it on purpose of course we can't trust him to share a screenshot of broker
statements based on his history of photoshopping although he'd probably mess it up so go for it and
yes this is just over half a year of trading from August 3rd 2015 to February 2016 and as
you can see the total return was minus 97 the funny thing is that the ICT followers who have
been around for a while mostly collectively agree that ICT himself is extremely bad at trading it's
only the new traders who don't know his history that think he's good at his own Concepts now you
might be confused by ict's constant boasting of calling price to the tick and calling the market
every day when you go to his Twitter and only find tweets about fair value gaps two hours after they
happened tweets about how he entered a position nine hours ago or vague things like I think the
market is going to go down more which makes him right as long as the market doesn't pivot in
that exact moment and then you go hmm that's weird Twitter isn't a broker let me go check
his YouTube channel for all that real-time live he's always talking about but all you'll find is
information about how to trade price action that already happened it was all demo I've never shown
any live trading ever ever in a live account this is why ICT acts like this anytime someone asks
him to show a track record of his trades see when it comes to avoiding having to show real
documents about his long-term Trading performance he wants you to believe that his tweets call outs
and recorded trades uploaded after they're over is proof of him being amazing at trading however when
that stops being convenient for him suddenly tweets call outs and individual trades mean
nothing and now a third party audited statements are all that matter it makes it even funnier to
think about the fact that he's failed the Robin's Cup every time and has failed every account he's
ever shown yet somehow walks around challenging anyone who points out stuff that he does that
makes him look bad to a trading competition just wanted to point out that somehow ICT has created
a new term called real-time live which refers to tweeting and uploading single trades after
they're over on screen are some techniques you would use if you wanted to give the impression
that you were good at trading to fool an audience oh what a coincidence this is what ICT does if
you're wondering why uploading individual trades means nothing it's because it's the easiest way
to trick people just only upload the wins ICT doesn't show the running balance on accounts
when he uploads those trades hmm I wonder why what could possibly be the reason that every Guru shows
no verified long-term results and only shows individual trades and here's a screenshot from
a few years ago of him saying he was a fraud and didn't know how to trade if he didn't win right
before failing like he has every other time he's entered I don't understand ict's obsession with
the Robbin's cup which is mostly just because he's an extremely talented manipulator and this
makes him look really stupid he goes around saying Robbin's cup is all that matters and
calling trades means nothing in order to get out of situations he put himself in while also saying
I can call price to the tick while also saying Robbin's cup means everything yet he's failed
it every time but I'm thankful that he made this video easy to make here's a screenshot
of an old ICT mentorship moderator claiming that ict's Robbin's account was down over 60 percent
before it got deleted and on the right is a great documentation of ego I'm just saying my stuff
is superior to everybody else's I have the best tools in trading I have the best models in trading
and if I'm trading in the optimal time there is nobody that's going to trade better than me
that's not ego that's the facts and I made a multi multi multi multi multi-million dollar Empire on
a [ __ ] demo account the greatest Trader in the World trades on demo while claiming he can do it
on a live account but I don't think he can because a live account has no reset button you're a liar
okay I can take you to my garage okay and show you my Audi R8 I can do that I can show you my
two Lamborghinis okay I can do that I feel you on a daily basis that you're full of [ __ ] that you
have nothing you say I suck prove to me that I suck because I guarantee you in one week I will
twice I'll do more than 10 times which you can earn in Pips so I'm off my soapbox balls in your
court bit so now let's go over to the charts ICT is constantly going on about how great he is for
doing everything for free in fact it's basically his main selling point now you're seeing tweets of
him mentioning the word free some of them aren't relevant but almost all of them are him alluding
to how great of a person he is for doing things for free and that somehow him doing it for free
validates his trading Concepts sure the man who made millions and millions of dollars selling a
mentorship multiple times while failing trading accounts and having to photoshop a withdrawal to
convince people that he's not the worst Trader of all time is a saint because he makes back testing
videos for free right the guy who makes twenty five thousand dollars a month just in YouTube
ad revenue is doing it for free it's free he's not charging you anything you are the product
and watch this video in the top right if you want to learn exactly how much money per thousand views
trading YouTubers make keep in mind that before Michael did his mentorships where he got all his
money from he didn't post videos bragging about his wealth or constantly mentioning how rich he
was really really rich now it was only after this that we began to be bombarded by constant bragging
tweets his Mansion his pool his Corvettes and other vehicles that big old RV and everything
else now ICT is currently experiencing the same cognitive dissonance that every ICT follower
has felt during this video information that doesn't align with your beliefs causing yucky
feelings in the brain for ICT this is happening because he portrays himself as a saint for doing
everything for free but selling books would cost money and now he doesn't know what to do because
his brain is going uh oh that would remove my biggest selling point anybody else doing that
for [ __ ] free no and you know what you know I was going to write books I have them I have them
right now they're they're ready to go but you know what happens if I do that the same little
bits that sit around around and talk [ __ ] about me oh see this is where he's getting his next bit
of money now I don't need to do that I'm going to release him for free so go [ __ ] yourself
enjoy working the rest of your [ __ ] life and yes they're gonna [ __ ] Trader alive that can beat me
period talking all that [ __ ] oh he's making up some dumb [ __ ] come on [ __ ] I will light you
on fire want to count third party audited a whole year that's how you know someone can trade better
releasing books is an easy way for ICT to make at least a million dollars let's not forget about the
fact that ICT said that some of his mentorship money would go towards charity which he never
did and he also heard instructions on how to trade from God but I'll cover that more later
when I set out to pursue my suspicion that ICT was basing everything he teaches about trading
through completely invalid and atrocious back testing AKA hindsight trading within the first
three minutes my mind was blown on screen are my academic credentials which thankfully puts me in
a great position to obliterate everything that ICT teaches in one Fell Swoop this includ included an
entire class dedicated to research methods and yes it was as awful as it sounds I only say this
because I know what I'm talking about when it comes to human error and analyzing data ICT is
really good at trading charts that have already happened but once again there's a reason he
doesn't trade live now this video is from ICT showing you how to find explosive price moves
before they happen this is about having specific criteria for candles in order to determine if the
next move will be explosive and it's using a weekly price chart the blatant flaws from him
you're about to see are consistent through all of his teaching videos which includes all of his
mentorship trading models so using that criteria these are the candles he selected as indications
of an explosive move looks pretty good right I mean look at that but what happens when we
use ict's criteria to not exclude the instances where the candle size didn't result in a big move
after and now we introduce my new nickname for ICT I had a whole section on new nicknames but
I decided to take it out but you know you know he loves his nicknames I propose we label him as the
Maryland sharpshooter in reference to a logical fallacy called the Texas Sharpshooter which is
when you cherry pick a data cluster to suit your argument this is the entire basis of everything
he teaches now I used the largest candle that he selected as the maximum size of other candles so
nothing that I highlighted is bigger than his maximum criteria you'll also notice that when
a candle didn't actually predict anything but had another small one after he extended the
highlights to two weekly candles he completely ignored every instance where the candle didn't
result in what he wanted to show even though it matched his criteria and I have highlighted all of
those in pink now in this instance determining an explosive move is a yes or no outcome which means
the criteria will either work or it will not what he is teaching here Works worse than a coin flip
an ICT is extremely adamant in that he doesn't do 50 50. he does worse than that now what else does
ICT do Beyond just blatantly horrible back testing he also Cherry picks a specific moment in time to
try and show that what he's teaching works this is what happens when you use a more adequate sample
size to test an idea and guess what his 33 success rate on determining a yes or no event drops even
lower to 27 this means that what he's teaching is so incredibly flawed and incorrect that you
can actually use what he's teaching to determine the likelihood of something not working yes you
heard that correctly you can use ict's Concepts here with statistical significance to determine
that the next candles won't be an explosive move and guess what even if I was wrong on over half of
my highlighted examples it would still be worse than a coin flip are you are you understanding
that and don't forget that ICT said that frauds teach from the left side of the charts while
his entire approach to teaching is based on back testing also don't forget that every account is
publicly tracked has either been completely blown or finished negative now ict's selection of data
was about a year worth of action up to the date of his recording but this change is nothing going
further back shows the concepts working terribly and showing the action past the uploading of this
video gave the same results there is no possible defense of this Beyond logical fallacies which is
what the comments will be filled with also here's ICT confirming everything I've already told you
that's how I teach my students to back test it's not pushing a market replay and watching a trade
pan out that's a that's a walk forward test that's not that's not what I'm saying before
you even get there you got to spend time in Old price moves annotate your charts you walk out
the whole details of what you see through the benefit of hindsight and you're going to see
these reoccurring things repeat over and over again and then you'll be confident when you
see me tweeting note this fair value Gap here and note this by side what am I saying when I
do that did I say buy the fair value Gap and take profits at that buy side liquidity no he literally
encourages completely flawed back testing I mean it's insane and if you aren't with me on that you
will be in one sec deck because this is how ICT manipulates you Traders can tweak their strategies
to fit historical data perfectly creating the illusion of profitability Traders might test
multiple variations of a strategy on the same historical data set and then select the one
that performs the best this one fits perfectly because ICT has dozens of Concepts to choose
from and encourages traders to use variations of them together Traders May inadvertently curve fit
their strategies to historical data by continually adjusting parameters until they achieve impressive
results they learned this one from ICT who makes slight adjustments to criteria all the time in
order to get the data to show what he wants you to see Traders May consciously or unconsciously
cherry pick data points that align with their desired outcome while neglecting those that
do not because that's exactly where the algorithm is going to go don't take my word for what I just
said don't just say because ICT said it I believe it no go back and look through your charts and you
will see what I just said is algorithmically proven to you it goes on every single week it
happens this way all the time it does it all the time it's Flawless it never fails it's always in
the charts you can set your life around it as a model this is one way that you can look outside
of the am session in the PM session and go right in there once you understand how liquidity works
and what you're looking for that could be your model your setup it's why he teaches
through action that's already happened and why he doesn't live stream trades consistently live
streaming would remove the illusion they may Overlook or downplay contradictory patterns
or data dismissing them as outliers or anomalies confirmation bias can be particularly pronounced
in group settings where individuals with similar beliefs reinforce each other's views but I want
the opportunity for him to receive all the glory all the praise all the attention I don't
want that if I wanted it I'd stay around I'm at the height folks if you think this is all about
beating my chest and bragging this is not bragging think listen to what I'm about to say I'm at the
biggest I've ever been and I'm leaving that was an audio clip of ICT saying that if he was doing
all this for attention then he wouldn't be leaving but since the date of that Twitter space audio I
CT has already announced that he's coming back he has done this repeatedly over the years and he
will do it again he'll make some dramatic tweets about how he's going to leave his students get
upset and then he says I'll be back why did you leave baby Pips get to the point bro let's go
but it was supposedly someone else or supposedly she's saying it was me and I was
[ __ ] puppy ICT was banned from baby Pips for sock puppeting which means a fictitious online
identity created for the purposes of deception AKA creating accounts with different names that
you secretly control he said he wouldn't do another paid mentorship he did he used to say
that he couldn't live stream or show his trades because it would reveal the secret algorithm but
maybe he stopped saying that after people told him how stupid of an excuse that was he has
YouTube comments off ensuring that his followers are shielded to any doubters and by doubters I
mean people like me pointing out objectively true things that cannot be argued against by anything
other than calling me names and saying that I'm doing this for attention reminds me of when I
exposed the trading geek and he turned off YouTube comments I know I already mentioned this but ICT
acting like a saint and constantly mentioning that you can learn from them for free as he
makes 25k a month on YouTube and made millions of dollars off of selling mentorships drives me
insane the only people who's fooling with that one are the new traders who somehow think that
free means he's doing it out of the kindness of his heart rather than for YouTube ad Revenue
new but most importantly the attention he is so desperate to get from thousands of followers who
worship His every word ICT has also claimed in the past that some of those accounts he
failed were on purpose yeah and once again some people actually believe this starting an account
hyping it up about growing it failing it and then being like yeah I actually did that to teach you
very important lessons no you this is one of my favorite ways to summarize ICT Concepts man those
squares and rectangles on your chart are garbage you gotta learn about the squares and rectangles
that ICT talks about those ones work okay time to talk about the algorithm no matter how many times
I read about it I still can't wrap my head around the fact that people believe this also here's a
funny tweet social media allows pathological Liars to breed like roaches a bit ironic right ICT says
that his algorithm Enigma is what makes price move he says that the market doesn't move from buy or
sell orders it's Enigma that moves it and he says that he created it it's not even worth getting
into the absurdity of that more because the people who believe that are never going to hear something
that changes their mind and the rest of us are already like how can anyone possibly believe this
so we are at a stalemate you cannot reason with a rationality as Sam KB stated here's the basis
of ict's recruitment for new beginners you are a failing Trader then you find ICT who says you're
failing because it's rigged the trader goes oh no way that makes sense then ICT goes luckily for you
I know the algorithm that controls price and then the trader goes oh wow thank you so much and bang
they're hooked for Life his method of learning new Traders is literally that the markets are rigged
and that he has all the answers it's not your fault that you're failing come over here and I'll
teach it for free he actually said that he holds the Grail as in his concepts are the Holy Grail of
trading as a community of Traders we collectively agree that there is no Holy Grail in trading nope
ICT actually has it because he coded the market engine of where price goes before Banks see it
and are allowed to deal with it what now I really didn't want to include this in the video because
I don't want it to take away from the main points but after learning more about IC T and the things
he believes and claims I have no choice I do have a mental illness I am bipolar I am obsessively
compulsive now as someone who learned extensively about bipolar disorder during college since I was
going to become a therapist oh yeah maybe maybe I should start calling myself your therapist
therapist kind of a cool little word play on ict's nickname of your mentor's Mentor either
way I immediately recognized everything ICT was saying as delusions of grandeur and I personally
spent quite a bit of time at a psych ward with a man going through a manic episode which is the
part of bipolar disorder that can cause delusions of grandeur no no no I was there drop shadowing
an employee or maybe that's just what I believe huh I'm not harping on mental illness at all or
using it to attack I'm simply pointing out that believing you coded the algorithm that controls
the market and that people will come to your house at night if you reveal too many Secrets
is the best example of a manic episode I've ever heard Mania is characterized by delusions that
are clearly untrue and far-reaching the man I spent time with in the psych ward tried to gift
me 10 cars he did known but believed he did pay attention to the part there that says belief that
one has a special relationship with a supernatural entity cult leaders for example might believe they
can communicate with a God or that they are a manifestation of a God on Earth this is where it
gets interesting I do have a mental illness I am bipolar I am obsessively compulsive and I am not
perfect but God has used this frail man that has very humble beginnings very very humble beginnings
and used me to impact so many of you being wealthy is insignificant my wealth is knowing that I've
had the privilege to be able to share this with you but I don't want to take any of the credit
I don't want any of the credit he's picked me up like a pen and I've submitted myself to him
and the things that you've learned came from him that's the truth that's it whether you choose to
believe it or not it matters not to me if it was somewhere else I got the information from
I promise you I'd say I got it from there I got it from that person I learned it from there I
got this book over here it came right from him so yeah there's a still quiet voice and yes I heard
it and it's spoke to me a lot in my life I want to make myself available so I can hear it more often
delusions of grandeur is the only way my brain can comprehend someone believing what he does maybe
it's unrelated maybe not I would never attack someone for a mental illness I'm simply trying
to connect some possible dots to explain an absurd situation I myself went through quite a big phase
of depression due to listening to hours and hours of ICT Twitter Space videos and reading two years
worth of his tweets that's a little thing I like to call a joke because mental illness is a touchy
subject I have been working on this for three months and it is killing me here's a screenshot
of an alleged member of his mentorship from 2018 claiming that ICT blew two accounts during it it's
also true that he had everyone sign ndas as well as satisfaction agreements to try and make it so
nobody could get a refund I know that like me upon seeing this you will think it's not real but it
is I will now paraphrase a long message sent by ICT a few years ago I met two older gentlemen on
August 6 1994 and I was interviewed three times in person their names were Parson and Tobias
they were much older than me then and they were very interested in how I was running my results
in open Forum on AOL then since those interviews Parson made it known he regrets it all and yes I
received threats over the past 25 years yes I have been followed in my family I have had visits at my
homes that aren't listed publicly by them do I believe them when they tell me the consequences
if I reveal what I know yes when you have to sit with these men multiple times over the past two
decades and yes you'd be scared yes I know what they can do yes I am stopping my mentorship as
a result of it you folks are not aware of the things I know and have seen some of you fakes
pretend to be woke but are blind to it all I have lived my life in many online identities and tried
to expose what I felt was reasonable when I got too close to the goal line I received a call or a
visit I moved and still they would reach out to me you don't know the half of it you don't know fear
until you were driven in a car to a location where you were met with several men and things presented
as a response for doing what you feel the public deserves to know does this make a man a fraud no
it makes them a sane man you will likely never experience Terror in your heart when you are
accompanied by people who never speak and you are sat in the circle of them and are warned words
don't reach far enough this is why I call myself Inner Circle traitor my logo is a fib sequence
applied to circles that was the passcode to enter the offices I was taken to I was not permitted to
see the way to it and I had to ride in the back of a closed van without windows so when you see
people utter the words smart money they haven't the faintest idea what they are talking about now
you know who they are and why you will never beat them so either this is delusions of grandeur from
his self-admitted diagnosis of bipolar disorder or this is some narcissistic attempt at manipulation
or I don't know just a big problem with lying whatever the answer is it's quite shocking but
either way if you want to start a cult this is the kind of stuff you have to do ICT is
extremely clever in the way he speaks and he has been manipulating the reaction to him for a long
time he knows what he's doing most of the time but don't take it from me here's ICT saying it
himself all I gotta do is do what it is I do and people are gonna flock there I know how
to start a fire a dumpster fire I know how to cause a spectacle I can bring a controversy I
can twist in life and get trolls chattering I can get people pissed off at me I can win them back
I can start someone on the path and they'll think I'm the greatest thing since sliced bread he has
followed the rules and done exactly what you're supposed to do if you want to build an audience
of loyal members who practically worship you but you see subtle manipulation with carefully
selected words stops being so subtle when you collect every tweet of its mention and then you
start to see The Genius of his evil little brain with lots of manipulation ripples truth the longer
you wait you will see I have told you nothing but the facts you will hear fanciful excuses but you
know the truth in half since I told you beneath the distractions of retail indicators exists
the unrivaled truth smile you know the truth the truth may be inconvenient but it's still
the truth that's an interesting one I wonder if ICT will smile when he watches this video since
this is all the truth nothing is random in price delivery if you don't know don't assume everyone
else should subscribe to ignorance right along with you the truth is here what context the truth
why did I take this trade how come I did that easy the truth idiot behold the reality and
power of the truth instead of arm wrestling the truth and denying the power of knowing
it does have a puppeteer align yourself with it AKA don't question anything just believe
everything I'm saying I'm sorry if the truth is inconvenient for you hey Alan that one sounds
familiar when you spend your life on one side of a two-way mirror convinced you see the truth
it is understandable to feel empowered however you don't know who is looking at you in reality
I prove my Concepts and my prowess is superior and without making up lies
um well what I showed was ample evidence of superior insight there is a small fraction
who refused to accept it and how Superior it is electing to use retail theories and Antiquated
Concepts there has been nothing like what you learn here ever taught by anyone else before me
deny them they will say anything make up anything to distract you from learning this deny them stop
placing faith in useless things you deny the evidence still doubt is discouraged Liars in
the uninitiated are the only people who would see it as anything but wisdom if you spend time and
energy fighting people who clearly show you they aren't on board with your views you will waste
time literally encouraging you to not engage with anyone who doubts ICT Concepts creating
an US versus them mentality oh I see you are lazy no capacity to understand charts move on this is
too much meat scared pee your pants I Det kill everything for people like you to make a change
from the ignorant miserable specimen you exhibit here this is one of my personal favorites because
people are constantly talking about how one hour worth of ICT videos could just easily be shortened
to a couple minutes of useful information and ICT is clearly very sensitive about that topic so you
know instead of adjusting his own behavior because he's perfect he lashes out at anyone
who complains about all the nonsense he talks about he already turned off this Twitter space
because it ain't telling you what you want to hear good get the [ __ ] out of here weaklings
are not capable of sustaining the pace of showing up daily if you were lazy or not overly concerned
with the relevant details I made this week you will drown in what I have coming next Tuesday
and thereafter time to level up your note-taking and roll your sleeves up folks funny how God uses
the most unlikely of people what if you asked God to open your eyes and then you heard instructions
that worked oh man how many people are even left watching this video there's just so much stuff to
cover those it's not it's not even entertaining hmm what would a cult leader say to people who
call it a cult ICT ah yes the real cult is the haters brilliant throw it right back at them
hey ICT how come you've never successfully traded an account long term and then he's like yup just
another hater trying to stop you from learning the truth deny them all of these quotes clearly
demonstrate the criteria for a cult with ICT as its leader questioning of ICT in his Concepts
is discouraged they believe that they are Elite and above other traitors and call it smart money
Concepts and let's acknowledge Michael's full online name Inner Circle Trader Inner Circle Us
Versus Them is literally implied in his name he shames people who don't want to sit through his
videos where members are expected to devote inordinate amounts of time watch what happens
when this video goes out check Twitter check the comments for the ones I don't ban for being
entirely unreasonable and out of control and watch how ICT responds the funny thing is that many of
his members will actually devote themselves even more to ICT and here's why when you become part
of our community you're now part of this Hive mentality we're winning We're The Cult of [ __ ]
winning okay if you got a problem with that get the [ __ ] out of here we don't mess around with
people that don't want to do the right [ __ ] okay you want to make money you want to learn
how to read these markets and know exactly what's going on you are in the right place I'm not asking
you for a [ __ ] dime you ain't got to do anything but show up take notes and repeat that same thing
every single week and I promise you come November you're a [ __ ] Savage okay you're gonna know
exactly what you're gonna do and if I collected half a dozen of you or a dozen of you and say
okay come together right now what do you trade how do you trade it's not going to be an agreement but
you're all going to be profitable independent mindsets looking for some very specific things
that are algorithmic they repeat they're time and based time and price based premise these things
are going to repeat because there is a [ __ ] algorithm because it's coded it's going to do
this [ __ ] because it's supposed to do it time to talk about ICT Concepts and I already know that
I'm going to have to link this section to a ton of people who leave comments that just make me shake
my head take a deep breath and tell myself that I can't help everybody so I've proven to you that he
teaches you through completely flawed back testing that only works because he selects the instances
where it works and excludes the instances where it doesn't this is not an opinion I proved it to you
and did my best to incorporate a bit of proper research methods criteria without boring you to
death we already know that ICT himself can't trade his own Concepts but we've already covered that so
we're just talking about the concepts themselves no I don't think all of ict's fair value gaps no
I don't think that fair value gaps are the only thing it's just the subject we'll stick to for
the rest of the world who doesn't know all 800 of ict's models now I spoke to a very prominent
generous and kind member of the ICT Community about this screenshot here with a simple question
is this indicator following ict's criteria and I got an excellent response the problem with the
indicators is that they label every instance of the criteria being hit this means the indicators
are accurate but that's where it gets tricky it's too accurate because of this it eliminates
the factor that allows for the possibility of profitability trading ICT Concepts and that factor
is discretion discretion is the unquantifiable aspects of trading like narrative context overall
feel or whichever term you like to use you know how to label the various models on the chart but
you have to pick and choose which ones to label in order to be consistently profitable we agree
on that I believe ICT talks about how experience and practice is the only way to make it work for
you with your own choice of models to use so we're all in agreement what you have agreed to is that
the concepts don't work on their own they need the human aspect to make work this makes ICT Concepts
no different from basic support and resistance supply and demand moving averages and every other
system smart money concepts are just a lens to see price action through the boxes you draw on
the chart have no actual influence or long-term consistent predictive power because you'd code
it and automate it if it did but there's nothing wrong with that this is the beautiful thing about
trading all of us are learning the same thing price action where are those candles going to
go that's it but we all differ in the approach we take to learning the same common denominator if
you want to think of price action as how a bank would be trading it great if you want to think
of price action in relation to a combination of indicators and how it interacts great but
don't for a second fool yourself into thinking that it's the indicators or rectangles on your
chart that are going to make you profitable one of the defenses of smart money slash ICT Concepts
go something like this I've been trading SMC for eight months and while there was a big learning
curve in the beginning I'm now starting to see some good results replace SMC with literally
any trading system that exists and you'll get the same answer from almost every Trader those tools
you use are a perspective to see price action through you finally start trading well and then
you think it's the tools that made you better at trading instead of all the lessons you learned
along the way the only issue here is that the ICT Community is the only group with the reputation of
thinking they're better than everyone and many of the members who don't understand how markets work
have that Gap in their knowledge filled in by a guy who claims to have coded the algorithm that
controls how markets move you have no proof that you're trading like like Banks and hedge funds
so let's tone down the ego that has been passed on to you by narcissistic egotistical cult leader who
has admitted through an audio clip played earlier that he knows exactly how to play people no matter
how many lines you draw on the chart no matter how many SMC Concepts you use indicators Market
auction Theory order flow tools or anything else you will never ever be able to know the motives
of thousands of different Market participants of varying degrees of influence all taking trades
for Unique reasons you'll never know why price moved you can only guess that is what the ICT
Community doesn't fundamentally understand because they don't understand what makes a
market function it's not a master algorithm that controls everything no matter how many times ICT
comes up with a ridiculous story now here's some actual science rather than a conspiracy theory
built on a story about having a bag put over your head and transported to a secret office where you
learn secrets about what's truly controlling the market but let's get something clear here either
the instructions on how to trade ICT SMC are clear enough to be coded into an algorithm automated or
they're vague enough that discretion is what truly makes them work this means the system
is no more predictive than triangles and weather patterns or you're being given instructions for
an algorithm if it doesn't work as an algorithm as demonstrated by the indicators being literally
too accurate to work on their own because they plot every instance rather than ones chosen by
the Trader's discretion then discretion is the true path to profitability and those tools mean
nothing by themselves this also means ICT is full of [ __ ] but we've already clearly demonstrated
that in this video so what actually is discretion luckily for you I actually know this one because
of my psychology background the brain learns and builds memory through two primary methods
that Encompass all other sub-genres explicit and implicit explicit is intentional memorization like
your rules about trading for me this is memorizing the price action types I'm bad at remembering to
look at the reminders during the session and other stuff like when you're studying information for a
test implicit memory is like learning to play an instrument there are no amount of instructions
or studying on paper that can instantly make you play Moonlight Sonata at 2x speed you get better
at instruments by playing them for thousands of hours building up that implicit memory
discretionary training is almost entirely implicit memory an implicit memory is what builds intuition
this separation and intuition is why the beginning ICT student is bad and why the person who's been
doing it for two years actually has some success is that clear this is the scientific explanation
for the previous section this is all I can do now it's up to you whether or not you want to accept
what's true let's talk about those quote-unquote profitable Traders on ict's YouTube channel ICT
is relying on cognitive biases and the errors of the human brain to give you the misconception that
there's just thousands of profitable ICT Traders out there when you can easily recall instances of
something you think it's happening more often than it really is this is why you think airplanes are
more dangerous than cars this narrative is also pushed by the fact that he's constantly talking
about how he makes profitable Traders on Twitter instead of using actual data to determine how
many profitable Traders there are you say it works because you can recall a story of a few
but there's a much bigger problem here there are way too many traders that don't understand that
short-term returns in trading means nothing this is your job right you plan to do this for the rest
of your life one month means nothing long term if you can keep that up for a long time then you can
call yourself consistently profitable I forget his name but there's a guy that ICT trainers reference
to as proof of the concepts working because he passed an evaluation and then admitted it was
like his 20th attempt great job trading those two weeks now let's see those returns for a
whole year six months five months four months if you can do that you've made it and now you just
need to maintain and that's awesome but don't fool yourself into thinking that passing an evaluation
means you're consistently profitable there's a lot more work ahead I can show you examples of it
working this demonstrates a failure to recognize the difference between single examples and actual
consistent profitability single examples mean nothing I can show you many examples of my cat
meowing as a Buy Signal in it working but it means nothing consistency is all that matters
he's has made me better at trading I'm not trying to be mean here but there's no other way to put
it your overall results from Trading don't agree with that all you've done is the same amount of
learning you would have done on any type of system that exists because you were just learning price
action the whole time and then falsely attributing progress to lines and rectangles nobody made you
better at trading you made you better at trading it's you you are the key that makes non-working
systems work regardless of what your uneducated psychoanalysis of my motives for making this video
is it changes nothing everything we've covered is still true hey man you didn't answer my attention
that change is nothing it's all true it only makes you feel better because you were upset
by facts that didn't align with the beliefs you refused to change for whatever reason in
the absence of a sound argument people rely on insults some of you might be wondering why I'm
wasting my time with this section and here's your answer okay so you finally prove he's a scam then
what do you get satisfaction some of you need mental health checkups your life priorities are
misplaced your family is damaged man this is what we're fighting against so strap in
gonna be a bumpy ride thinking something is valid because it's popular it's not it's not
a thing it's not real this right here is what will happen due to being offended at facts and having
no actual rebuttal both ICT and his followers will commit these errors in reasoning appeal to emotion
is ict's best friend because as we discussed earlier taking advantage of the errors of the
human brain is how he operates in place of real results and information here's an example of what
ICT says as a way to dismiss valid criticisms or objectively true information that makes him look
bad now ICT you should tell your son to use trade day instead of TOP Step there's no activation fee
which makes them cheaper than both Apex and TOP Step even on their best sales if you pass in the
first month there are zero withdrawal restrictions and so many more benefits that you can read about
in the video description I trade live every day as a way to document my journey to consistent
profitability and I'm currently on a trade day evaluation about halfway to the profit Target
tell your son to use code I'm in trading 20 for 20 off the lifetime of the evaluation and click the
link in the description which supports me at no extra cost to you trade day doesn't have problems
like this and you're actually being funded into a live account immediately after passing just one
evaluation Trade Days withdrawals are just a wire transfer to your bank account rather than using
some third-party company now I'm not consistently profitable yet which I have in common with ICT
I set out to create my own system about one year ago and if I can be consistently profitable before
25 years then I'll have beaten ict's trading record I have 24 years left so wish me luck
now if you're gonna be like haha I knew you were doing this for attention less than five percent
of viewers are still watching at this point so I would have put this at the start if that were true
they're the only firm in my support I'm personally paying for evaluations and resets unlike full-time
prop firm Traders and being Affiliated supports me at no extra cost to you guess what don't use prop
firms if it's not for you choose Apex if you don't care about having an intraday drawdown system
do whatever my live streaming is on my second Channel I'm in trading live thank you so much to
my patrons who have been aware of my descent into Insanity trying to finish this video unfortunately
for me ICT just can't stop incriminating himself so this took a long time to make my patreon has no
secrets to profitability or anything else it's just a way of supporting me if you want to see
all of these fraudsters be held accountable I sell nothing and never will everything I do is
free which ICT can't all right let's never do this again that took way too long and these Jokers out
there that are trying to discourage you smear my name they're jealous they're envious because I'm
showing you something that nobody's ever touched on before and I'm proving it every day on a one
minute by minute basis which is the I mean I can do it on a 15 second chart if you want I
mean we can do that [ __ ] it I'm gonna do it too I'm gonna do that and you'll see there's no way
there's no [ __ ] way anybody can argue that there isn't an algorithm in these markets that deliver
price and it's all 100 controlled and there's no reason to be upset about that you see these
Jokers out there on the CNBC they'll say oh well you know the markets have transformed into these
untradable environments and there's no liquidity out there now because the algorithms absorb it all
the algorithms are causing all the problems we have what the [ __ ] out of here listen listen
folks listen closely as soon as the markets became electronic they have started at that moment to
be delivered by an algorithm that means it's all scripted it's just like WWE wrestling the outcome
is already predetermined and I know that chaps a lot of people's asses especially the ones that
work at financial institute institutions brokerage firms Banks I used to be a Trader at Barclays and
we look at all of you retail Traders and we laugh because our candles have these things inside of it
look at this come and learn from me [ __ ] [ __ ] you're showing results even with a myfxbook and
it's that little bit Mickey Mouse money and you're thinking that's a big deal to talk about where you
came from is Barclays Barclays don't know [ __ ] I'm out here teaching technical science okay this
is the real this is the real to the degree of precision that you cannot see anywhere else there
is a [ __ ] algorithm and it's been there since we have had electronic trading beginning and before
that when it was all open outcry those open outcry Traders were trading in a price feed that they
looked up at that board that board told them what this is where we're at so what are they trading
they're not making the [ __ ] Market they're trading in the market that's being made for
them when you listen to these people say I was a former or I am a market maker at this trading desk
at this firm you were not making the [ __ ] Market you are not making a [ __ ] thing you're making a
list of transactions that you were counterparty to but guess what that data that feed that price that
you're doing it at it's being piped into you you can't make up your own price you can't go
outside the bidness [ __ ] that's not that's not making a market you are dealing you are a dealer
I am aware of what you believe a market maker is they got to be delta neutral they they don't
care they're just trying to provide liquidity I'm telling you where price is going to go they have
no [ __ ] idea where it's going I'm telling you a day before a week before a month before where the
[ __ ] it's going I'm telling you every minute by minute increment where it's gonna [ __ ] go
I'm [ __ ] making these [ __ ] markets [ __ ] I'm telling you right now you need to wake the [ __ ]
up we're no longer in Kansas Alice Alice did I say that right Dorothy [ __ ] get it right I'm
thinking Wizard of Oz and Allison you got people just saying oh if ICT was so good at trading his
own kid doesn't even want to trade doesn't that tell you something no it just tells you she's a
woman that's very stubborn okay that's all it is she's stubborn she doesn't want to do it okay you
can't make her husbands you can't make them do what you want them to [ __ ] do so stop trying
and for three [ __ ] decades I have watched this stuff happen every single week that goes by it's
happening all the time and it's never going to change it's never going to stop working
it's never going to be reprogrammed it's never going to be changed it's never going to be made
obsolete so stop worrying about it use it if it would have been tainted by me teaching it
My Flesh would have kept me from teaching it I'm promising you that I'm promising
you that I would have never shared that if I believe in my heart it would change greed
selfishness would have kept it can you just respect the fact that I'm being that honest
with you you keep asking me these things stop if I'm teaching it it's going to keep [ __ ]
working there you go the stuff that I won't teach is not it's not for the public it's too
good and you probably look at this saying what the hell yeah next level next level
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