Step 1 - Look for Daily TF Discount PDA, wait and see if price reacts to it
Here we can see price bounced off from Daily Volume Imbalance in discount
Step 2 - AFTER 8:30am NY time, look for any 15m low to be taken out
We can see here a 15m low was taken out right at the 8:30 open
Step 3 - Once the low is taken out, use any entry model you like
We can see here that price comes back into a 5m OB which we will enter on
Step 4 - Draw your 50% from a 4H high to the low. Have your TP set at an hourly high in premium price, if none are found, then sell directly at the 50% level
Here we have marked our new premium and discount levels, now we have marked an hourly high in premium to sell at
Step 5 - Enjoy your 8R profits!
You only need to find 1 setup a week with this to be WILDLY profitable with this, don't try forcing other trades. You could literally outperform 98% of traders only taking 1 trade a month with this. Have patience!
Watch me taking a live trade of this example. Not paper account!
This is the broker I used in the live example. Offers funding with Trading View Integration. Can also use code "phantom" for 25% OFF! elitetraderfunding.com/?ref=phantom
Here's this thread in video format!
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Here's a full strategy designed for beginner ICT students without making your head hurt!
Doesn't require daily bias.
Complete guide A-Z (With Pictures)⬇️
What is the strategy? It's simple... Liquidity + OB + SMT
So let's start with some basic rules we want to set in place!
- Only trading ES & NQ
- Risking MAX 1% of account per play or 1/10th of your max drawdown on a funded account
Step 1: Find a daily, 1h, or 15m low/high, these will be your liquidity levels.
I started learning ICT concepts a bit later than others, yet why is it that charter ICT members are asking me for advice.
Let me tell you the secret to what put me ahead of the game⬇️
The way to succeed in ICT teachings is not by learning as much content as you can, but rather by building a solid framework around your trading personality
The first step towards a framework is by using 1 good strategy, if you don't have one, use this one I've created
What is the strategy? It's simple... Liquidity + OB + SMT
So let's start with some basic rules we want to set in place!
- Only trading ES & NQ
- Risking MAX 1% of account per play or 1/10th of your max drawdown on a funded account