ICT Forex Money Concept A Z Day Trading Practical Guide To ICT Strategy [PDF]

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PRACTICAL ICT DAY TRADING GUIDE The ICT Intraday Market Makers template operates continuously across all asset classes. It may assist you in gaining a deeper comprehension of intraday price and the market Makers' strategy. Market Makers use the market as a playing field, and following their footsteps can help you make good trading decisions.

The templates are functional for both buys and sales.

If you haven't planned your setups around longer time frames, the templates won't work. Let’s get right to the templates without wasting any time.

1.THE ICT BUY TYPE

• • It usually happens on Monday, Tuesday, and finally Wednesday.

• • It's the best way to make money quickly. • • Takes place during the session in London. The New York session will eventually produce a retracement that will continue the trend established in the London session.

• • After the profile has been established, the daily range will last for seven to eight hours.

• • During the London session, it will typically offer a decrease of approximately 15 to 30 pips from the daily opening price. The best time to buy stocks is right now. • • The Low of the Day will take place during the London session when this profile is established.

• • Although the plan is for it to fall, it is ideally possible for it to move slightly higher in comparison to the opening price.





EURUSD, 30 MIN TF

1. ICT LONDON SWING TO X DAY

• • Takes place in the middle of a larger price swing when the trend has run its course following a significant and explosive move.

• • It ought to take place on Thursday.

• • Price will begin below the opening price, rise above it, and then return to the range-back consolidation.

• • Will begin as the ICT Classic Buy template in the beginning.

• • Don't expect it to continue in New York if it continues to consolidate.

• • If this profile develops, always profit initially in New York.



GBPCAD, 15 MIN TF

2. ICT LONDON SWING STRAIGHT TO NYO/LC REVERSAL POINT

• • It always begins with a decline of approximately 15 to 30 pips below the opening price before rallying, following the standard ICT Buy pattern.

• • When it falls, it becomes a buy entry and rallies toward a higher time frame Point of Interest, such as a bearish OB, to close in on a FVG, OTE, or other similar target.

• • A classic market reversal profile is indicated if it occurs during the New York session.

• • Market Makers use the template to either reach for a bearish order block (OB) on a higher time frame, turtle soup, or even to close a range.

• • During the London session, it will first create the day's initial low, then run up and create the day's initial high during the New York or London Close, and finally run down and clear the day's initial low.

• • Should be able to work out after the market exhausts itself, based on the HTF dominant trend.



GBPUSD, 15 MIN TF



NASDAQ, 15 MIN TF

3. THE ICT RANGE TO NYO/LC RALLY

• • Typically, it occurs during FOMC or NFP news events.

• • At first, the market will be in a consolidation phase.

• • May occur during FOMC-related announcements regarding interest rates.

• • In the event that it occurs, the lows will initially be exhausted before exploding to the upside either during the NFP or FOMC.

• • This also applies to any news with a significant impact during the New York session or London Close.

4.RAID CONSOLIDATION ICT ON NEWS RELEASE

• • Takes place in New York during major news events.

• • Best takes place during FOMC.

• • The consolidation low will be removed during news.When the consolidation's low has been removed, it's a good time to buy.

NZDUSD, 15 MIN



TF

AUDUSD, 15 MIN TF

4.TO SEEK AND DESTROY, THE ICT LONDON SWING

• The sort of profiles won't make you cash.

• At first, it will give you a London Open buy, but nothing will happen.

• May take place at the conclusion of a larger price movement.

• Can occur during a significant price swing.

• Its primary goal is to eliminate both buyers and sellers.

Types of Liquidity Think of the market as a game of snakes that seeks " apples. “The market will either reverse or continue once it has tapped into a liquidity pool, depending on where the next apple (liquidity pool) is. This can take the form of highs and lows from a previous session, day, week, or intraday.

Structural

Phantom Trendline

7

Equal Highs\Lows

Old High\Low

Structure

You will be able to determine the market's trend and direction once you have mastered its structure. Knowing where the design got broken or is going, assists you with outlining your arrangements. The market is either expanding, trending, or consolidating, and the expansion can be upward or downward (uptrend or downtrend).D Downtrend

Uptrend

The market structure is not as straightforward as these diagrams suggest. Multiple things will need your attention. For instance,

Consolidations within an uptrend

Structures breaks(wicks count)

View of Higher timeframe

The market does not want to fall just because the structure was broken in a

one -minute window. Keep to the HTF narrative and be flexible with the timeframes you use.

6. Reversals

After grabbing liquidity and breaking structure, anticipate a reversal in the direction of your bias, and enter using one of the LTF entry models:

a) Turtle Soup Setup, which is ideal for FX and does not require breaking structure;

b) The Regurgitated; and

c) The Breaker. The FVG

7. Entry models

PD Arrays

Orderblocks Orderblocks the lowest engulfed candle (the candle after it closes higher than the OB) in a series of up-down candles with the most range from open to close. Orderblocks form around "Support" levels, liquidity pools, and PD Arrays. A new orderblock may form near the orderblock the price is returning to. I can go over a lot of PD Arrays, but the ones you should focus

on are Orderblocks.The best orderblocks are those that have a displacement that is two to three times larger than the size of the OB and result in an imbalance FVG. Orderblocks are considered mitigated when the price reaches the 50% level of it (Mean threshold).

Breakers Breakers can be thought of as structural patterns in the same way that Orderblocks form near "Support levels" Liquidity pools.

If you don't get in on a Tourtle Soup Setup, a breaker entry is a great way to get in.Your Stop Loss should be below a swing low-high below an OB or at the 50% level (Mean threshold) of an orderblock when entering on breakers.

The Fair Value Gap

During price delivery, the market offered us only one side, and it wants to rebalance that side so it can continue delivering in the same direction.

A three-candle pattern is a Fair Value Gap.

Bias The key to great setups is having a distinct bias in mind. The likelihood of a trade going in your favor increases when you anticipate where price will move next.

The solution to bias: Ask yourself some questions.

Where does the price intend to move? To put it another way, where is the next Liquidity goal? Is there anything that can stop it from going there?

Does the structure support the concept?

Step 1: Launch TradingView.

Whatever currency you trade, select the pair that you prefer. Open the 1W chart and determine the likely path of the subsequent weekly candle.

In the last 20 days, mark the highest high and lowest low on the 1D chart.

Make a list of crucial PD arrays that will assist you in reducing the bias.

In this instance, we can see a FVG that we can use to highlight significant structure

After completing these steps, we know exactly where the price will go next. In the last 20 days, a bearish fair value gap that we filled and a close draw on liquidity in the form of an old low have been filled.The structure's bearishness supports the concept of bearishness. Yesterday, we fell, but we didn't take that low; rather, we made equal lows, which is a liquidity target. Presently lets say im exchanging on todays date how might I approach my predisposition. On the four-hour window, we clearly broke internal structure.

New day has begun. We have very little movement through Asia and London, but New York sweeps London high and breaks down, giving us a

break and fvg entry.

However, what if I spot a good setup that goes against my bias?

You can still take the setup, but you need to be flexible and only take half the risk that you would normally for trades.You should be able to quickly scalp targets.

Killzones Everyone is familiar with the phrase "Time and Price."Time is one of the most important aspects of trading, and it has a daily impact on your setups.Because of the volume that is being traded during certain killzones, the setup is more likely. Most of the everyday volume is around 3am to 10am.

Asian range

During the London or New York killzones, anticipate reversals around the lowest Asia low and highest Asia high.

Assuming you choose to exchange Asian Reach search for matches that don't contain USD . During those times, USD pairs frequently consolidate and focus on OTE entries. London Killzone

For this killzone, the ideal pairings are:Pairs of GBP and EUR. Most of the time, LOKZ makes the day's low or high or at least a big move that you can take advantage of.Skip the London killzone if FOMC caused a significant wicksaw the day before or the Asian range isn't clearly consolidating.Try your luck in the New York Killzone if there aren't any news. News play a big role in this Killzone..

The New York Killzone

USD/CAD pairs are the best for trading.

Every time, the New York Open provides good setups.It frequently consists of a lot of news.Depending on whether or not the daily target is hit, you can take advantage of a reversal of the London Killzone move or its continuation.

New York Lunch

The New York Lunch area strictly prohibits trade. Do not participate in trades that you believe will need to be held through lunch, nor should you participate in trade opportunities that arise during the NY Lunch period. You can enter into an Orderblock or a FVG on the first retracement after lunch ends and the NY PM session begins.

Premium\Discount You can clearly see targets and potential entries with Discount Premium. Fair value should be restored to the market. If a market is in the discount category, it will look for premium arrays, and if the market is in the premium category, it will look for discount arrays. The market is in premium and will seek discount every time a high is taken. The market is in discount and will seek premium whenever a low is taken. The Premium-Discount targets that the market will seek out are defined by the PD Array matrix.

Tip: Let’s say you see a buy opportunity and want to get in on a FVG. Pull the PD from the low to the high of the displacement using top-down analysis, going from 15 to 5 to 4 to 3 to 2 to 1 (or 5,3,1 if you don't have TV premium). When you go down in timeframes, your entry is when you find a discounted FVG. A PD Array will be used extensively as a target.

EXAMPLE:

8. Risk Management You will never succeed in this industry without effective risk management. Utterly never. Therefore, let's discuss risk management:

You will utilize the ICT-provided system.

Risking more than 2% of your account per trade is not recommended. Some of you will trade with a risk percentage that you are comfortable with; others will use 2%, 1.5%, or 1%. What you need to do:

If you take a loss, reduce your risk by half (half of 2% is 1%), and if you take a loss again after lowering it to 1%, reduce your risk by half again and maintain a risk of 0.5 percent until you make up 50 percent of the money you lost by risking 1%. This prevents you from blowing your account in the event of a loss streak, which is absolutely normal and h appens to everyone. Calculating your position size:

Money in your account divided by the risk you are willing to take Money in your account divided by the risk you are willing to take Account size 10k Risk 2% Position size 200$ If you already use a successful risk management system, don't change just because I said so. However, if you do not possess anything that will safeguard your capital in the long run, up your game. CHART EXAMPLES