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

Summary

In 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.