The Only ICT Daily Bias Video You'll Ever Need

Summary

In this video, the creator shares their two-step system for identifying daily bias in trading, which helped them make $2.5 million in less than four months. They explain how to simplify the process for beginners by using swing points, premium vs. discount, and understanding market direction. The video covers the importance of aligning high-time-frame bias with low-time-frame trade setups and highlights the 'power of three' principle in daily candle analysis. The creator stresses that timing and context are crucial in executing profitable trades, providing a framework for avoiding common mistakes and improving trading consistency.

Takeaways

• 😀 Mastering ICT daily bias can lead to substantial profits, as demonstrated by the speaker's $2.5 million earned in four months.
• 😀 The two-step system to finding daily bias simplifies the trading process and helps avoid overthinking, leading to consistent profits.
• 😀 The primary factors to determine daily bias are 'premium' vs. 'discount' and the 'power of three' principle.
• 😀 A swing point is formed by a three-candle pattern: for a swing high, there are lower highs on both sides, and for a swing low, there are higher lows.
• 😀 Premium is defined as anything above 50% on a Fibonacci retracement, and discount is anything below 50%, which helps determine the likely market direction.
• 😀 The overall market bias should come from high time frame analysis, while low time frame trade setups should align with this bias for better risk-to-reward ratios.
• 😀 The 'power of three' refers to understanding the open, high, low, and close of each daily candle, and using these to position for trades effectively.
• 😀 Timing is critical for executing trades, as certain news events or timeframes can invalidate a pre-determined bias if not aligned with the market’s movement.
• 😀 Even with a strong bias, if the market has already moved past key targets (like the previous day’s high or low), it’s better to avoid trades and wait for the next opportunity.
• 😀 Understanding the timing of the market, such as waiting for post-news reactions or not trading in premium zones when bearish, can significantly improve trading results.

Q & A

What is the key breakthrough that led to the speaker's success in trading?

The key breakthrough was mastering the ICT daily bias system, which simplified the process of identifying market direction and enabled the speaker to become profitable consistently.

What was the speaker's challenge before mastering the ICT daily bias system?

Before mastering the system, the speaker struggled with overthinking every trade and finding consistency, which made it difficult to achieve profitability.

What is the two-step system for finding daily bias?

The two-step system involves identifying premium versus discount and the power of three. Premium versus discount helps determine market direction, while the power of three refers to the open, high, low, and close of each candle.

How does the speaker define 'premium' and 'discount' in market terms?

'Premium' refers to anything above the 50% mark of a swing, indicating a higher price level. 'Discount' is below the 50% mark, signaling a lower price level, useful for determining market bias.

What role do swing points play in determining daily bias?

Swing points, identified by a three-candle pattern (lower highs for swing highs, higher lows for swing lows), help determine the range in the market, which is used to assess premium and discount levels.

What is the importance of aligning high-timeframe bias with low-timeframe trade setups?

Aligning high-timeframe bias with low-timeframe setups ensures that trades are executed in the direction of the broader market trend, preventing traders from being misled by false signals from lower timeframes.

What is the concept of 'power of three' in the context of daily candles?

The power of three refers to the open, high, low, and close of a daily candle. This pattern helps traders understand the market's movement and position themselves accordingly for trade execution.

How does the speaker suggest handling trade execution when there's a predetermined market bias?

The speaker recommends waiting for price action to reach favorable levels based on the predetermined bias. For example, when bearish, one should look for opportunities to short when prices are above the opening price, maximizing risk-reward potential.

What is the role of timing in the speaker's trading strategy?

Timing is crucial in executing trades. Even with a strong bias, if the timing doesn't align (for example, if a trade setup occurs too early or too late), the trade should be avoided to ensure proper risk-to-reward ratios and minimize potential losses.

Why does the speaker emphasize waiting for market manipulation before entering trades?

The speaker stresses waiting for market manipulation, such as taking out previous highs or lows, to ensure a better price entry. Entering a trade too early, especially when the market is already at an extreme level, can lead to poor risk-to-reward setups.