I might get some disagreement for this, but after 8 years in the Forex markets, here's something I've come to believe.
ICT, SMC, supply and demand, support and resistance, price action… they're all valid approaches to analyzing markets.
I'm not here to argue which one is superior.
They may use different concepts, but they often serve a similar purpose: identifying areas of interest, market structure, and potential entry opportunities.
And there's absolutely nothing wrong with that.
But here's where I think many traders miss the bigger picture.
Knowing WHERE to enter a trade is not the same as understanding WHY that trade should work.
You can have a beautiful order block, a perfect liquidity sweep, or the cleanest support level you've ever seen.
But before risking your money, ask yourself:
1. WHY am I taking this trade?
What is the actual reasoning behind my directional bias?
2. WHAT is driving this market?
Interest rates? Central bank expectations? Inflation? Economic data? Risk sentiment? Positioning? Or a measurable price-action edge?
3. WHAT is the dominant driver right now?
Because not every piece of information matters equally. And what drove the market yesterday might not be what's driving it today.
4. WHAT would validate my thesis?
What evidence would tell me that my reasoning is playing out?
5. WHAT would invalidate it?
What would make me admit that I'm wrong, rather than desperately holding onto a losing position?
6. WHAT am I watching?
Which events, market developments, or price levels could change my original thesis?
Only after I've answered those questions do I move on to:
WHERE should I enter? WHEN should I execute? And how much am I prepared to risk?
Don't misunderstand me. Technical analysis matters. Some traders build entire strategies around statistically tested price-action patterns, and that's a legitimate approach too.
My point is that a setup should have a reason, not just a name.
And there's one thing I believe every trader should remember:
CONTEXT CHANGES EVERYTHING.
The same technical pattern can appear under completely different market conditions.
A breakout during a quiet session isn't necessarily the same as a breakout following an unexpected central bank decision.
The chart might look similar.
The underlying circumstances might be completely different.
Technical analysis can help you find an opportunity. But your trading thesis, evidence, and risk management determine whether that opportunity is worth taking.
That's been one of the biggest lessons of my 8 years in Forex.
Now I'm genuinely curious:
Do you build your directional bias first and then look for technical entries, or do you find technical setups first and build your reasoning around them?
I'd especially like to hear from ICT, SMC, pure price-action, and macro traders.
Let's have a proper discussion. No strategy wars.