Best ICT Trading Strategy! (Quit Your Job In 60 Days!)

Summary

In this video, the speaker shares a powerful and free trading strategy, emphasizing the importance of understanding market structure and price action. They focus on using daily charts for indices like NAS 100, highlighting how specific candlestick patterns—such as the closure above or below previous candle highs or lows—can predict market direction. By combining higher and lower timeframes, traders can pinpoint entry points and target liquidity pools or fair value gaps for profits. The speaker encourages viewers to practice identifying these patterns and trends, offering a hands-on approach to mastering trading techniques.

Takeaways

• 😀 The speaker emphasizes the effectiveness of their trading model, claiming it can lead to great success for those who fully commit to it.
• 😀 The speaker argues that the trading strategy they're teaching for free is typically sold in expensive courses worth thousands of dollars.
• 😀 They share their personal experience of feeling misled by costly courses in the past and are committed to helping others avoid that mistake.
• 😀 The speaker advises against trading Forex on the Daily timeframe due to its frequent consolidation and erratic price movements.
• 😀 They recommend using indices like NAS100 on the Daily timeframe instead, as they tend to show clearer trends and price action.
• 😀 The key to successful trading on the Daily timeframe involves analyzing the closure of candles and marking highs and lows to determine market bias.
• 😀 The speaker explains the importance of identifying candle formations, where the second candle’s closure above or below the first can predict the direction of the third candle.
• 😀 The strategy involves switching to lower timeframes (like 1-hour and 5-minute) to refine entry points after identifying the bias on the Daily timeframe.
• 😀 A liquidity sweep is a key signal to look for before entering a trade, especially during the PM session for indices and futures.
• 😀 The concept of 'breaker blocks' is used as an entry point after identifying a liquidity sweep, with the stop loss set above the breaker block.
• 😀 Viewers are encouraged to practice this method by observing price action on weekly and daily timeframes to identify patterns and strengthen their understanding of the strategy.

Q & A

What is the key trading model taught in this video?

The video teaches a trading model based on price action, candlestick patterns, and time frames. It emphasizes identifying market bias, recognizing liquidity sweeps, and using breaker blocks as entry signals for trading on indices and futures markets, particularly on the daily time frame.

Why does the speaker recommend against trading Forex on the daily time frame?

The speaker advises against trading Forex on the daily time frame because Forex tends to show more consolidation, with price often moving up or down without a clear trend, making it harder to predict and trade effectively. Instead, he suggests using indices like NAS 100 on the daily chart.

What should traders look for when analyzing candlestick patterns on the daily time frame?

Traders should focus on the closing prices of candlesticks. Specifically, they should mark key highs and lows and observe how the next candle behaves relative to the previous one, using these patterns to predict market direction and establish a trading bias.

What is meant by a 'liquidity sweep' in this trading strategy?

A liquidity sweep refers to a sharp price movement that triggers stop losses or buy orders in the market. Traders look for these sweeps as signals that the market is likely to reverse or continue in a particular direction, providing opportunities for entry.

What role does the 'breaker block' play in this strategy?

A breaker block is a pattern that indicates a potential market reversal or continuation. In this strategy, when a liquidity sweep occurs, traders look for a breaker block on lower time frames (e.g., the 5-minute chart) as a signal to enter the market with a stop loss placed above the breaker block.

How can traders determine their market bias according to the script?

Traders determine their market bias by analyzing the behavior of two consecutive candles. If the second candle closes above or below the first candle’s high or low, the third candle is likely to follow the direction of the second candle, establishing the bias for the trade.

What specific exercises or practice is suggested for traders after watching this video?

The speaker suggests that viewers practice by reviewing weekly or daily charts and identifying instances where the second candle closes above or below the first candle’s high or low. They should then observe if the third candle follows the expected direction, reinforcing the principles taught in the video.

How does the speaker view expensive trading courses?

The speaker is critical of expensive trading courses, which can cost thousands of dollars. He believes that many of these courses teach the same information available for free in the video, and he encourages traders to learn effectively without spending large amounts of money.

What time frame is suggested for trading indices like NAS 100?

The speaker recommends using the daily time frame for trading indices like NAS 100, as these markets tend to show clearer trends compared to Forex, which is more prone to consolidation on the daily chart.

What is the key takeaway from this video for someone new to trading?

The key takeaway is to focus on understanding price action and candlestick patterns, especially on the daily time frame. By identifying market bias, recognizing liquidity sweeps, and using breaker blocks, traders can make informed decisions and avoid the confusion that comes with more complex strategies or expensive courses.