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ICT TRADING METHODS
20 Pip Per Day Scalping Method – Day 19
- Keys to Profitable Scalps
- Understand Price Action Theory
- Firm Grasp of Key S&R Levels
- Trade Higher Timeframe Bias
- Take Profits Routinely & Often
- Trade One or Two Pairs at Max
- Basic Scalping Buy Method
- Identify a key support level
- Anticipate a Judas Swing Lower
- Look for OTE around key support level to go long
- Risk 20 pips
- Look for SMT Divergence to anticipate low of day
- Take first profit @ 20 pips
- Enter on Double Tap
- Let second portion run and hold for Daily Range
- Look for Time of Day Objective around NYO, LOC, and 18:00 GMT.
- Enter on Double Tap
- Assuming total risk on trade is 2% of Equity, Take 50% of position off @ ~20-30 pips for 1% gain (Scalp). Remaining 1% portion will be held for the daily range. Look for time of day objective and keep protective stop outside the daily range.
- Protective stop at Breakeven after taking profit on first half of trade.
- Basic Scalping Sell Method
- Identify a key resistance level
- Anticipate a Judas Swing Higher
- Look for OTE around key resistance level to go short
- Risk 20 pips
- Look for SMT Divergence to anticipate high of day
- Take first profit @ 20 pips
- Enter on Double Tap
- Let second portion run and hold for Daily Range
- Look for Time of Day Objective around NYO, LOC, and 18:00 GMT
Short Term Intraday Method – Day 20
- Method
- Plot EMA(40) and EMA(18)
- Buy Signals - Look for periods where the 18 period EMA is above the 40 periods EMA. Buy program when you see the widening of the areas between EMA
- Sell Signals - Look for periods where the 18 period EMA is below the 40 periods EMA. Sell program when you see the widening of the areas between EMA
- Once price makes a fractal, swing low during Buy Program, look for open after the fractal is formed and go long once price attempts to move down (Judas Swing)
- Take 70% off when you can and let the remaining run.
- Higher Time Frame Stops - As price moves higher, bring stop to ~10 pips below the next fractal low once two near fractals form.
Swing Trading Method – Day 21
- ICT Swing Trade Setup
- Quarterly Shift in Flows
- Old Highs & Lows
- SMT Divergence on Daily
- Market Structure
- Swing Point Analysis
- Optimal Trade Entry Strategies
- Swing Projection for Profit Objectives
- Higher Timeframe Resistance - Price will swing higher into a key resistance and the short will be traded on the 4-hour and/or 1-hour chart for setup. The entry will be taken on the 5-min chart Turtle Soup Sell and/or OTE Sell Pattern. When daily Fractal swing high forms, look for Judas rallies to short into for new entry points.
How To Capture Explosive FOREX Profits - Day 25
- Weekly Highs/Lows - The Weekly High or Low forms 80% of the time between Sunday's Open & Tuesday's London Open. When it fails, it will likely form between Tuesday's London Open and Wednesday's London Open.
- Week's Opening Price
- Identify the Opening Price for the Week and keep it noted on the chart through the trading week. If we're bullish on market conditions, we look for an opportunity to go long when the low for the week is formed (likely to form before Tuesday's London Open). The same is true for shorts.
- If it has not formed by Tuesday's London Open, then very likely to occur between Tuesday's London Open and Wednesday's London Open.