Re: This is a practice log for becoming an Inner Circle Trader(ICT)
Posted: Fri Jul 21, 2023 2:38 am
by Jedidiah
Summary
Market structure is the primary reason for the failure of most traders. This course simplifies market structure and divides it into three parts, each further divided into two subparts. Understanding market structure may seem complex for beginners, but with the right rules and methods, trading can be made simpler.
Highlights Market structure is the main reason for most traders' failure. This course divides market structure into three parts, each with two subparts, totaling six parts. Simplified market structure is not as straightforward as portrayed in textbooks; it can involve significant fluctuations and complexity. Internal structure represents the current flow of orders in the market, and it may undergo changes within the external structure. When trading, pay attention to the boundaries of the external structure to determine trade targets and stop losses. Understanding changes in order flow is crucial for deciding when to enter or exit trades. Using the right methods and rules can simplify complex market structures, making trading more efficient.
Note: This course introduces theories and methods related to market structure, but caution and risk management strategies should still be exercised in actual trading.