Best ICT Gold Trading Strategy That Works Every Time! (High Winrate)

Faiz SMC
20 Jun 202412:53

Summary

TLDRIn this instructional video, the presenter shares a high-yield gold trading strategy, suitable for those seeking a stable income. The strategy, applicable primarily to gold and occasionally to currency pairs like AUD/JPY and CAD/JPY, emphasizes simplicity with one trade per day at a specific time. Viewers are guided to identify key support and resistance levels before the 8 PM New York open, then wait for a breakout to enter trades with a 1 to 2 R:R (Risk to Reward Ratio) target. The presenter also advises on managing trades with a break-even approach after hitting the initial target, suggesting a mechanical, practice-intensive strategy for potential financial freedom.

Takeaways

  • 📈 The video introduces a gold trading strategy with a high win rate, suggesting it can be a stable income source.
  • 🌐 It's recommended to set the trading platform's timezone to New York for consistency in timing strategy execution.
  • 🕗 Traders should mark the most recent high and low on a 15-minute chart before the 8:00 PM New York time open.
  • 🔍 After 8:00 PM, wait for the price to break the marked high or low, indicating the direction of the potential trade.
  • 📉 If the high is taken out, switch to a 1-minute chart and look for a market structure shift with displacement for entry signals.
  • ⏰ The entry for a trade should be made before 10:00 PM New York time, ensuring timely execution.
  • 📊 The strategy involves taking trades based on market structure shifts and displacement, aiming for a 1:1 to 1:2 reward-to-risk ratio.
  • 💰 Suggested approach is to close 80% of the position once the 1:1 reward is hit and let the remaining 20% ride for additional profits.
  • 🚫 Be prepared to adjust stop-loss levels to account for spreads, especially when trading on accounts with restrictions.
  • 📚 The video offers detailed examples to illustrate the strategy, emphasizing the importance of understanding market structure shifts.
  • 👍 The presenter encourages viewers to subscribe and like for more content, indicating the value they see in the shared strategy.

Q & A

  • What is the main topic of the video?

    -The main topic of the video is teaching a gold trading strategy that has a high win rate and can potentially provide a stable income.

  • Why is the presenter suggesting to stick to trading gold instead of other assets like AUD/JPY or CAD/JPY?

    -The presenter suggests sticking to gold because it has a very good volatility (V), making it more suitable for the strategy being discussed.

  • What is the key time frame for this trading strategy?

    -The key time frame for this strategy is around 8:00 p.m. New York time, which marks the opening of the Asian trading session.

  • What should traders do before 8:00 p.m. New York time according to the strategy?

    -Traders should mark out the most recent high and low on the 15-minute time frame before 8:00 p.m. New York time.

  • What is meant by a 'market structure shift with displacement' in the context of this strategy?

    -A 'market structure shift with displacement' refers to a change in the market trend that includes a significant price movement, or 'gap,' indicating a strong trend direction.

  • Why is it important to take the entry before 10:00 p.m. New York time?

    -Taking the entry before 10:00 p.m. New York time is important because it allows traders to capitalize on the volatility that typically occurs right after the Asian session starts at 8:00 p.m.

  • What is the recommended reward-to-risk (R:R) ratio for this trading strategy?

    -The recommended reward-to-risk ratio for this strategy is 1:1 to 2:1, meaning for every unit of risk, traders aim to gain one to two units of profit.

  • How should traders manage their trades after achieving a 1:1 reward-to-risk ratio?

    -After achieving a 1:1 reward-to-risk ratio, traders should move their stop-loss to breakeven and then aim to take 80% of the profit at a 1:2 R:R ratio, holding the remaining 20% for potential further gains.

  • What is the significance of the 'auto block' mentioned in the script?

    -The 'auto block' refers to a series of consecutive bullish or bearish candles on the one-minute time frame, which can be used as a signal for entry in this trading strategy.

  • Why does the presenter emphasize the importance of practice for this trading strategy?

    -The presenter emphasizes practice because the strategy, while mechanical, requires skill and experience to execute correctly and consistently for profitable outcomes.

  • What is the 'secret sauce' mentioned by the presenter for those who stay until the end of the video?

    -The 'secret sauce' refers to additional insights or advanced tips that the presenter shares with viewers who watch the entire video, likely to encourage full engagement with the content.

Outlines

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الوسوم ذات الصلة
Gold TradingTrading StrategyHigh Win RateMechanical ModelDaily IncomeMarket VolatilityAsian SessionTechnical AnalysisRisk ManagementFinancial FreedomInvestment Tips
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