Rules:
🔸#ICT 2022 YT Model for Entry
🔸#TheStrat For Weekly/Daily Bias
🔸M15/H1 For Market Structure/Setup
🔸M2/M5 For LTF Execution
🔸No more than 2 trades a day
Trade 1
- London High raid
- m2 mss
- m2 fvg entry
- DOL = EQL at London Lows
Notes: textbook
Trade 2
- m5 fu raid
- m5 mss
- m2 fvg entry
Notes: Not a good setup since EQH from London didnt get swept and no clear DOL
Trade 3
- EQH from London High raid
- m2 mss
- m2 fvg entry
- DOL = Internal SSL from NY low
Notes: V shape raid on London
Trade 4
- NY high raid
- m5 mss
- m5 fvg entry
- DOL = BISI
Notes: Closed manually before EOD. Could have gotten better entry at the highest m5 FVG for better rr
Trade 5
- EQH at London High raid
- m5/m15 mss
- m5 fvg entry
- DOL = PDL
Notes: There was a better setup on m1 at 9:30 open
Trade 6
- Daily FVG + m5 fu raid
- m2 mss
- m2 fvg entry
- DOL = was targetting EQL
Notes: You will see in the next chart that this was right bias but early entry
Trade 9
- h2 ob raid
- m2 mss
- m2 fvg entry
- DOL = EQH
Notes: The AM chop would have made me want to kms
Trade 10
- EQH @ PDH + 3 drive raid
- m2 mss
- m2 fvg entry
- DOL = Internal SSL
Notes: Stopped at at 9:30 open but you will see in the next chart that the bias was right but this entry was too early
Trade 11
- EQH @ PDH + 3 drive raid
- m2 mss
- m2 fvg entry
- DOL = Internal SSL
Notes: took two tries but textbook short after the open
Trade 14
- Asia low raid
- m2 mss
- m2 fvg entry
- DOL = Old Daily High for BSL
Notes: textbook with EQH
Trade 15
- London High raid
- m2 mss
- m2 fvg entry
- DOL = London low
Notes: textbook
Trade 16
- Weekly fvg ff + London High + m2 fu raid
- m2 mss
- m2 fvg ff
- DOL = BISI
Notes: textbook
Trade 17
- London high + m5 fu raid
- m2 mss
- m2 fvg entry
- DOL = targeting EQL
Notes: EQL got hit later in the day. Right bias but early entry
Trade 18
- 8:30 high raid
- m2 mss
- m2 fvg entry
- DOL = targeting EQL
Notes: 2nd trade of day. EQL got hit later in the day. Right bias but early entry again. No more trades for this day.
Key Takeaways:
- 1 asset/pair/ticker and 1 setup is all you need
- Don't need to trade everyday, wait for high quality setups and be ready when they form
- As I continue to collect data, im learning that m2 is my fav TF for entries
- Majority of trades were taken between 8:30-11
If this thread helped you a like and retweet is much appreciated! My backtests are shared in Discord but if this brought value to you guys will try and do more of these types of threads on twitter.
All of my backtests are shared in Discord with notion links & charts -> dangstrat.com
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With a top down analysis we will start by taking a look of the economic calendar to guide us for the week. High impact news everyday this week but CPI should cause the most volatility so could potentially eye for Tuesday to set high/low of the week depending on bias & PA.
$DXY | M
Now for charts we will look at HTF then work our way down. Dollar has respected the monthly fvg and is currently right at the monthly range high.
🔸Bias (Draw on Liquidity)
🔸Narrative
🔸Liquidity
🔸Market Structure
🔸Entry Model
🔸Risk/Reward
🔸Preparation, Execution, Management
🔸Time & Economic Calendar
🧡&🔁
In simple terms my trading model starts with #TheStrat for HTF quarterly/monthly directional bias. Once I know this I move down to the weekly/daily timeframes and use #mondayrange, #MMXM, #PO3/#AMD to get my bias for the week and day.
When you understand the narrative and see that there's a clear draw on liquidity for your A+ setup, then it becomes very easy to execute the trade on M1-M5/M15 once there's a significant raid and shift in market structure.
My trading performance started significantly improving once I started backtesting. The goal of backtesting is to practice executing your model over and over again, not a bunch of different models. This quote is a great analogy for backtesting.
Pros to Backtesting:
- Learn if your trading model is working or not
- Improves edge as you collect more data
- Trains your eye to see setups form in real time
- Gives you confidence when executing trades
- You don't abandon model when you go through DD periods
Thread on using confluence to find the stronger & weaker pair🧵
As always everyone should first be looking at DXY closely for confluence when trading EU (EURUSD) or GU (GBPUSD) as these pairs should be moving inversely with the dollar.
Use DXY to determine bias to either go long or short then look at EG (EURGBP) next to determine which pair is going to be the weaker or stronger pair.
Thread on High vs Low Probability Market Conditions & Setups🧵
🧡&🔁
Knowing the difference between high vs low probability market conditions/setup is what separates traders from being non-profitable to profitable and is how traders take their game to the next level.
Key Factors For High Probability Market Conditions: 1. Clear Draw on Liquidity 2. Price Follows a Narrative 3. Confluence between DXY and other pairs 4. Low Resistance Liquidity Run 5. Classic Buy/Sell Day Profiles 6. HTF Expansion 7. Setup forms during killzone