In this thread i will explain my ICT Forex entry trading strategy in detail. This is all based on @I_Am_The_ICT concepts and i will simplify it for you in this thread.
1. Wait for EU or GU to trade into a HTF POI or Sweep HTF Liquidity (I only trade EU/GU in FX)
2. Wait for a M5 Liquidity sweep. (this will trap retail trader in the wrong direction) Without a liquidity sweep there is NO trade. (I mainly trade >M5 TF in FX)
3. Wait for M5 mss after the liquidity sweep.
I always check for entry confluence by checking the SMT between EU and GU and use the market structure of DXY and EG to confirm the mss.
⏭️I will explain this further in step 6.
4. I want to see a strong move with Displacement to the downside.
Price needs to leave a FVG by breaking the market structure (mss). No FVG means no trade for me.
5. Entry, Stoploss, Take profit 🎯
- Enter inside the M5 FVG
- Place the Stop above the BB (breaker block)
- Target opposing liquidity
- I always take a partial at first liquidity sweep
- Place Stoploss to or around entry after the sweep and let the trade run to final target
6. I always check if DXY support my trading idea and check EG (EurGBP) what pair to trade. DXY needs to confirm my idea, if DXY is not support my trade idea i take NO trade.
I really hope this helped you guys! ❤️🔥➕ Show some love and share this with your community and friends.
Note: Backtest this strategy yourself before you start trading it. All this is NOT financial advise :)
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💎[Thread] How to improve the winrate of your (ICT) entries dramatically? 🧠
In this thread I explain how outside of acting with the right Bias and Patience you can dramatically improve your entries.
1. HTF POI
Take only trades that correspond to the HTF Bias and thus also HTF POIs. You can also take counter bias trades, but there must be proper thinking behind them.
HTF POIs:
- OB
- BRKR
- FVG
- NWOG
- NDOG
2. TIME ⏰
Trade only in the right times, this will lower the chances of you being used as liquidity or opening trades in accumulation phases.
👀 [Thread] How do you use Opening Gaps and Macro principles in FOREX trading? [TIME & PRICE guide for forex traders] ⏲💰
ICT has discussed the N.D.O.G (New Day Opening Gap) and the N.W.O.G (New Week Opening Gap) at length for indices in recent weeks. On Sunday, I explained how to use Macros in indices trading.
But did you know you can apply these same principles to Forex?
The ICT killzones have the same function in Forex as the Macros is Indices. If you are doing forex trading you can read through this thread and replace the word "Macro" with Killzone + the Killzone times.
[Thread] 💎 The ultimate Time & Price guide | MACROS + PO3 (everything an ICT trader needs) 💎 Part 2
🧠 I will explain the following things about Macros in this thread: Meaning, Times, Types, How to use it, Example + Visual indicator
🧠 What is a Macro? A Macro is a period where the algo will seek buy side or sell side liquidity, or seek to rebalance price at a point of interest in between the open and close of the macro.