Best ICT Gold Trading Strategy That Works! (Part 2)

Summary

The video script outlines a detailed gold trading strategy, emphasizing its reliability for long-term gains despite occasional losses. It instructs viewers to mark recent highs and lows before the 8 PM New York open, then enter trades on a market structure shift within the first two hours. The strategy promises an average 8-10% monthly return, potentially higher, and introduces a daily bias technique to enhance the win rate. The speaker assures full transparency and offers further insights through an upcoming course.

Takeaways

• 📈 The video is a continuation of a gold trading strategy that has been successful and received over 100k views.
• 🔍 The speaker aims to clarify questions and provide a more detailed explanation of the trading strategy in this part two of the video.
• 💡 The strategy is designed to work in the long run, with the expectation of both winning and losing days, but overall a good win rate.
• 📊 The goal is to achieve an average profit of 8-10% per month, although this can vary and sometimes be lower or higher.
• 🤔 The success of the strategy depends on the trader's psychology and strict adherence to the rules without adding personal modifications.
• ⏰ The strategy involves trading at 8:00 p.m. New York time, marking the most recent high and low before this time.
• 📉 After 8:00 p.m., traders should wait for the price to break the marked high or low and then look for a market structure shift on a 1-minute time frame.
• ⏳ Entries should be made before 1 p.m., with stop-loss orders placed above the high for long positions or below the low for short positions.
• 💰 Profits are taken at a 1:1 to 1:2 ratio, with 80% of the position closed at this point and the remaining 20% held for a 1:5 ratio.
• 🔄 The strategy can be enhanced by using SMT divergence with DXY or silver to increase the win rate.
• 📝 The speaker also teaches a daily bias technique based on the close of daily candles to further refine trading decisions.

Q & A

What is the main focus of the video script?

The main focus of the video script is to explain in detail a gold trading strategy, addressing questions from viewers and providing a step-by-step guide to maximize profits.

What does the speaker claim about the effectiveness of the gold trading strategy?

The speaker claims that the gold trading strategy works in the long run, with a good win rate, and can yield an average of 8 to 10% returns per month, sometimes even more.

What is the significance of the 8:00 p.m. New York time in the strategy?

The 8:00 p.m. New York time is significant because it marks the opening of the Asian trading session, which is when the strategy should be implemented.

What is meant by 'market structure shift' in the context of the strategy?

A 'market structure shift' refers to a change in the pattern of price movement on the one-minute time frame, which is used as a signal for entry in the trading strategy.

Why is it important to enter the trade before 1 p.m. according to the strategy?

It is important to enter the trade before 1 p.m. because the strategy's effectiveness is maximized within the first two hours of the Asian trading session, which starts at 8:00 p.m.

How does the speaker suggest managing the stop-loss in the strategy?

The speaker suggests placing the stop-loss above the recent high or adjusting it to account for spreads, especially for large lot sizes, to ensure the trade is not stopped out prematurely.

What is the role of the daily bias technique mentioned in the video?

The daily bias technique is used to increase the win rate of the strategy by determining the market's direction based on the closing of daily candles, which can confirm the strategy's signals.

How does the speaker define a 'fair value gap' in the context of the strategy?

A 'fair value gap' is a price area that has not been mitigated by market activity, which can be used as an entry point for trades, especially when the market structure shift has moved significantly.

What is the recommended profit-taking strategy according to the script?

The recommended profit-taking strategy is to take 80% of the profits at a 1:2 reward-to-risk ratio and then hold the remaining 20% until a 1:5 ratio is reached.

How can the speaker's course potentially benefit viewers interested in the gold trading strategy?

The speaker's course can potentially benefit viewers by providing more in-depth knowledge and additional techniques to enhance the gold trading strategy, including a daily bias technique and possibly other advanced concepts.