· When to buy & sell
· How to determine directional bias
· Where to find high probability reversals for daytrading
A thread...let's go!
Use this flow chart to determine your high timeframe bias. This will clear up so many doubts about when to long and when to short. Details explained below...
Here is the key to the chart, with directions for when to buy and when to sell. This is for swing trading, but the entries can be refined for high probability daytrades and scalps. But what are Premium and Discount arrays?...
"PD Array" is an umbrella term that includes swing highs/lows, orderblocks, liquidity voids, breakers, mitigation blocks...). "PD" stands for Premium/Discount. I will release an in depth thread on PD Arrays, but you should definitely go to the original source, ICT.
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In this thread I teach this strategy step by step. It's based on ICT concepts. I've modified it for trading crypto and backtested it with years of data. If you have studied my Entry Model 1, this will be easy. Let's get into it!
This example uses two timeframes: 4h/15min. It looks at a profitable long. Detailed instructions and definitions are on every diagram! Other timeframes can be used.
Step 1: A 4h fair value gap (FVG) is formed.
Step 2: Price trades into the 4h FVG.
Step 3: Mark the last 15m swing high that formed before price traded into the 4h FVG.
Step 4: Price trades through the 15m swing high and a 15m candle body closes above it.
In this thread I teach this strategy step by step. It's entirely based on ICT's 2022 YouTube Mentorship model. I've modified it very slightly for trading crypto and backtested it with years of data. Let's get into it!
This model uses two timeframes: 4h/15min. The example looks at a profitable short. Detailed instructions and definitions are on every diagram!
Step 1: A 4h swing high is formed.
Step 2: Price trades through the 4h swing high.
Step 3: Mark the last 15m swing low that formed before price traded through the 4h swing high.
Step 4: Price trades through the 15m swing low and a 15m candle body closes below it.