How I Got FUNDED & PAYOUT using ICT STANDARD DEVIATION Projections!

Summary

In this video, OS, SK (Mr. S) shares his insights on using standard deviation projections and Fibonacci retracements in Forex trading. He emphasizes the importance of independent thinking and studying the markets through personal research. OS walks viewers through his method of identifying manipulation legs, projecting price movements, and taking profits at key points like -2 or -3.5 standard deviations. He also highlights the need for traders to align these projections with liquidity points or inefficiencies for higher probability trades. Throughout, OS encourages traders to put in the work and avoid relying on quick-fix solutions, stressing the value of developing personal trading strategies.

Takeaways

• 😀 Be an independent thinker: Test strategies on your own charts and find what works best for you.
• 😀 Standard deviation projections are based on specific Fibonacci retracement settings; ensure you're using the correct values for accurate projections.
• 😀 The 'manipulation leg' refers to the most recent price movement that distorts before a major move, crucial for projecting future price actions.
• 😀 Profits are typically taken at the -2 to -2.5 Fibonacci level, where price often reverses or retraces.
• 😀 Taking profits at -3.5 is recommended for Forex pairs due to their high manipulation, often before reaching the -4 level.
• 😀 Backtest and study the markets extensively — don't rely on others' methods. Understanding price movement comes with hours of practice.
• 😀 Standard deviation projections work best when aligned with liquidity points or fair value gaps, increasing the probability of accurate predictions.
• 😀 If you can't research simple questions, you'll struggle to beat the highly manipulated financial markets. Self-research is key.
• 😀 Trading is not about quick wins but building a long-term understanding of the market through consistent effort and backtesting.
• 😀 The strategy may look simple, but its success lies in careful execution and aligning Fibonacci projections with the market's natural behavior.

Q & A

What is the main focus of the video?

The video focuses on explaining how to use standard deviation projections in trading, particularly how the presenter applies them in their own trading strategy, including their specific approach to Fibonacci retracement, manipulation legs, and profit-taking.

What is the purpose of the Fibonacci retracement tool in this strategy?

The Fibonacci retracement tool is used to project potential price levels during retracements or reversals after price has completed a manipulation leg. The presenter uses it to plot standard deviation projections and determine where to expect price to react, typically around key levels like -2 and -4.

What is meant by the 'manipulation leg' in this context?

The 'manipulation leg' refers to the portion of price movement where price takes out a recent high or low, indicating a manipulation phase before the real move happens. This leg is used as the starting point for plotting Fibonacci retracement levels to project price movement.

Why does the presenter take profits at the -2 to -2.5 level?

The presenter takes profits at the -2 to -2.5 standard deviation level because this is where they often see price reverse or retrace. By taking profits at these levels, the presenter aims to secure gains before the price potentially changes direction.

What is the concept of 'terminus' and why is it important in this strategy?

The 'terminus' refers to the final target level, often represented by the -4 standard deviation level. It is considered the ultimate point where price may reach before reversing. The presenter uses it as a guide to set profit targets or expectations for price movement.

What role does liquidity play in the presenter’s strategy?

Liquidity plays a key role in the presenter’s strategy as they often align standard deviation projections with liquidity points, such as fair value gaps or inefficiencies in the market. This alignment is considered to increase the probability of a successful price reaction at those levels.

How does the presenter view the relationship between the Forex market and standard deviation projections?

The presenter believes that the Forex market, being highly manipulated and consisting of pairs against each other, may not always reach the -4 level. This is why they often take profits earlier, at around the -3.5 level, to account for the market's manipulation and volatility.

What does the presenter mean when they say 'study, study, study'?

The presenter emphasizes the importance of conducting your own research and testing strategies independently, rather than simply following someone else’s advice. They believe that true mastery of trading comes from understanding the concepts thoroughly and practicing them over time.

Why does the presenter discourage relying on 'fake gurus' and quick fixes in trading?

The presenter warns against relying on shortcuts or so-called 'gurus' offering quick solutions, as they believe trading requires hard work, research, and experience. They stress that there is no easy way to consistently win in the markets and that anyone serious about trading should develop their own approach through study and practice.

What does the presenter mean by 'the charts speak to me'?

When the presenter says 'the charts speak to me,' they are expressing the idea that, after years of practice and research, they can intuitively read and understand price movements on charts. This is the result of deep familiarity and experience, where the charts seem to reveal patterns and opportunities.