Simple ICT London Killzone Strategy No Daily Bias (GET FUNDED)

Summary

This video script outlines a high-probability trading strategy known as the 'IST London Killzone,' focusing on specific volatile time intervals for forex trading. The presenter emphasizes the strategy's effectiveness, with real market examples demonstrating how to identify key liquidity levels, order blocks, and market structure shifts for optimal entries and exits. The script also promotes a trading challenge with a money-back guarantee, aiming to attract viewers to join and benefit from the strategy.

Takeaways

• 📈 The 'IST London Killzone' strategy is a time-based trading approach focusing on highly volatile periods for potential high rewards.
• 🕒 The strategy targets the London trading session, specifically between 2 am to 5 am EST and 7 am to 10 am GMT.
• 💹 It emphasizes trading during times of high volatility to capture significant market movements and pips.
• 📊 The strategy involves a step-by-step process including liquidity sweep, market entry, order block identification, market structure shift, and entry points.
• 🔍 Traders are advised to configure their trading charts to UTC-4 (EST) for better alignment with the strategy's time frames.
• 💲 The recommended currency pairs for this strategy are USD and GBP, with a focus on USD pairs like USD/JPY.
• 📉 The strategy looks for specific price actions like engulfing candles and market structure shifts to identify entry points.
• 🎯 Entry points are often at the 50% retrace of a fair value gap or after a confirmed market structure shift.
• 🏁 Targets for trades are set at opposing liquidity levels, order blocks, or fair value gaps, with an emphasis on partial taking of profits.
• 💬 The presenter offers a challenge with a money-back guarantee and encourages joining a trading group for further opportunities.

Q & A

What is the main focus of the 'IST London Killzone' strategy discussed in the video?

The 'IST London Killzone' strategy focuses on trading during highly volatile time intervals, known as kill zones, particularly between 2 am to 5 am EST (New York time) or 7 am to 10 am GMT (UK time), to catch significant market moves and maximize pips.

Why is liquidity important in the context of the IST London Killzone strategy?

Liquidity is crucial as it represents key support and resistance levels that can indicate potential market reversals or continuations. The strategy uses liquidity sweeps, which are significant price movements that remove retail traders' stop losses, to identify high-probability entry points.

What is a 'liquidity sweep' and how does it work in the strategy?

A 'liquidity sweep' refers to a rapid price movement that stops out retail traders' positions, creating an imbalance in the market. In the strategy, traders look for these sweeps to occur at key liquidity levels, such as major support or resistance, to identify potential entry points.

How does the presenter recommend traders configure their trading charts for the IST London Killzone strategy?

The presenter recommends configuring trading charts to UTC-4 (EST time) to align with the New York time zone, as the strategy is taught using EST time frames. This helps traders to easily identify the kill zones and time their trades accordingly.

What currency pairs are suggested for trading the IST London Killzone strategy?

The suggested currency pairs for the IST London Killzone strategy are USD/GBP and GBP/USD, as these pairs show a strong correlation with the US and UK markets, which are active during the London trading session. However, traders are advised to backtest other pairs to find what works best for them.

What is the significance of a 'Market structure shift with displacement' in the strategy?

A 'Market structure shift with displacement' signifies a change in the trend direction, often marked by strong candles with significant volume. This indicates a potential shift from a bullish to a bearish trend or vice versa, providing traders with a signal to look for entry points in the new direction of the trend.

Can you explain the 'entry' step in the IST London Killzone strategy?

The 'entry' step involves waiting for a market structure shift to confirm the direction of the trend, followed by identifying an extreme fair value gap. Traders then enter the trade at the 50% mark of this gap, aiming to minimize drawdowns and capitalize on the potential move.

What is the 'bonus entry model' mentioned in the video, and when should it be used?

The 'bonus entry model' is an alternative entry technique that involves waiting for the first engulfing candle after a liquidity sweep, without requiring a higher time frame order block or fair value gap. This model is recommended for use within the kill zone and is particularly useful for quick entries based on immediate market action.

How does the presenter suggest traders manage their trades once they are in the market?

The presenter emphasizes the importance of partial taking of profits and using stop losses to manage risk. Traders should place stop losses above the swing high to give the market room to move and partial their profits at key liquidity levels or order blocks to secure gains.

What is the presenter's advice on risk management when using the IST London Killzone strategy?

The presenter advises traders to use proper risk management by setting stop losses and taking partial profits at key levels. They also stress the importance of not being too greedy and securing profits at reasonable levels to ensure consistent gains over time.