323. Former Trading Floor Trader Destroys ICT’s Market Algorithm Theory w/ Paul Scott

The markets move trillions of dollars every single day… but what if everything traders believe about “the algorithm” is completely wrong? Full episode + show notes: https://tradingnut.com/paul-scott-2/ Key moments - [06:47] “Prices, markets, ranges will have different values over time. Depends on what’s going on.” - [09:45] “That’s why people are still sitting there at a desk. That’s why they still employ traders, because traders have what? A brain.” - [11:18] “All markets are driven by human intent.” - [11:47] “If enough people think the same way as you, well then there’s no point in selling when everybody’s shouting buy, and there’s no point in buying when everybody’s shouting sell.” - [18:25] “The minute you say, ‘I think,’ you have screwed yourself.” - [19:34] “The market has made its mind up about what the decision is about the current value.” - [19:47] “As institutional traders, you’re hunting for liquidity.” - [21:18] “If you trade with your ego and you think that, ‘Oh, I’m better than the market,’ that’s not going to make any bloody difference whatsoever.” - [21:42] “The market will do what it wants to do, regardless of whatever the hell you do.” - [21:57] “Reading the tape is essentially getting in a time machine, coming back down to a trading floor when it’s all open outcry and witnessing what goes on.” - [23:08] “A key decision-making place on a chart — has there been a decision that’s been made there previously?” - [23:40] “You need to understand what did the market think the value was of this particular price.” Watch: https://www.youtube.com/watch?v=qsy5RoxATME --- Sponsors BlackBull Markets - 100% deposit bonus & free TradingView — NZ-regulated broker. https://tradingnut.com/go/blackbull/ PropFirmMatch - Find the right prop firm challenge — PropFirmMatch.com https://tradingnut.com/go/pfm/ --- More from Trading Nut Strategy Vault - Free guest setups organised by market & method. https://tradingnut.com/go/vault/ TraderZen - Free trade control & mindset app for active traders. https://tradingnut.com/go/traderzen/ Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup. https://tradingnut.com/go/dtc/ --- Educational only - not financial advice. Risk: https://tradingnut.com/disclaimers/ Some links are affiliate partnerships.