ICT said USE THIS STRATEGY and QUIT YOUR JOB in 90 DAYS!

Summary

In this video, the creator breaks down a strategy from ICT that, when followed for 90 days, can help individuals quit their 9-to-5 jobs and achieve financial freedom. The strategy involves marking key time zones, identifying buy and sell-side liquidity, waiting for market structure shifts, and analyzing fair value gaps. By following a specific checklist, traders can place limit orders with a solid risk-to-reward ratio and target liquidity points. With consistent execution, this approach can lead to substantial weekly and monthly profits, offering a clear path to financial success in trading.

Takeaways

• 😀 Mark the time zones between 9:30 AM and 11:00 AM New York time to focus your trading activity during the New York session.
• 😀 Identify buy-side and sell-side liquidity points on the 5-minute chart before 9:30 AM to track key areas for price movement.
• 😀 Once liquidity is swept, switch to the 1-minute chart to identify market structure shifts and displacement before considering a trade.
• 😀 Wait for a market structure shift (break of previous high/low) to confirm that the market is moving in your favor before entering a trade.
• 😀 A fair value gap must exist after a market structure shift. If there’s no gap, do not take the trade.
• 😀 Mark out the fair value gap's high and low, as this indicates an area where price might return to fill.
• 😀 Set a limit order slightly above or below the fair value gap, anticipating price will return to it before moving further.
• 😀 Place a stop loss just below the swing point for safety, and target opposing liquidity for your take profit.
• 😀 A good trade using this strategy typically provides a risk-to-reward ratio of 1.8, meaning for every $1 risked, $1.80 can be gained.
• 😀 Following this checklist can lead to consistent profits, with just one successful trade per week potentially yielding 3% returns per month.
• 😀 With a funded account, a 12% monthly return can lead to significant profits, e.g., $9,600 per month on a $100K account after fees.

Q & A

What is the main promise of the strategy shared by ICT?

The strategy promises that, by following it for 90 days, individuals can quit their job and become financially free.

How does the presenter offer to make it easier for viewers to follow the strategy?

The presenter provides a checklist, which viewers can download from the description link. This checklist helps traders follow the strategy step-by-step and track their trades.

What time zones are essential for this strategy, and why?

The presenter emphasizes marking the time zones between 9:30 AM and 11:00 AM New York time (2:30 PM to 4:00 PM UK time) as the New York session. This is when the trades are identified.

What does the strategy require traders to do before 9:30 AM?

Before 9:30 AM, traders must identify and mark the buy-side and sell-side liquidity swings on the chart, which will be used later in the strategy.

What is the importance of a market structure shift in the strategy?

The market structure shift is crucial as it indicates a valid trade setup. Traders must wait for the price to break certain highs or lows before confirming the shift, signaling that the market is ready for a potential trade.

How does displacement play a role in the strategy?

Displacement refers to the movement that follows a market structure shift, confirming the change in direction. It is necessary for identifying valid trade entries, particularly when combined with liquidity and fair value gaps.

What is a fair value gap, and why is it important for this strategy?

A fair value gap occurs when there is a significant price movement without a corresponding price action in the opposite direction. It is important because it acts as a signal for price to return to fill the gap, providing a potential entry point for trades.

Where should a trader place a limit order in this strategy?

Once a fair value gap is identified, the trader should place a limit order slightly above or below the gap, anticipating that price will return to fill the gap.

How should the stop loss be set in this strategy?

The stop loss should be placed just below the swing point of the market structure shift. To be extra safe, the trader can set it below the displacement candle.

What is the target for a trade in this strategy, and how is it determined?

The target for a trade is set at the opposing liquidity point. The goal is to capture the price movement towards this liquidity, which serves as the profit target for the trade.