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ICT Trading Full Course (Step by Step Guide)
Your Trading Guru
Overview
This comprehensive guide introduces the Inner Circle Trader (ICT) concepts and strategies for forex trading. It begins by defining fundamental terms like Fair Value Gaps (FVG), Market Structure Break (MSB), Market Structure Shift (MSS), Sell-Side Liquidity (SSL), and Buy-Side Liquidity (BSL). The video then delves into specific ICT strategies, including the New York Morning Session strategy, a repeating ICT structure often referred to as the 'turtle soup' or 'sweep and rebalance' pattern, the inverted 'L' pattern for scalping, and the Silver Bullet strategy. It also covers the Liquidity Sweep (Turtle Soup) strategy and the Fair Value Gap trading strategy, emphasizing the importance of using correlated pairs like EUR/GBP for confirmation. Finally, the Power of Three (P3) or Accumulation, Manipulation, Distribution (AMD) trading strategy is explained, highlighting the role of SMT divergences in validating manipulation phases. The course stresses mastering a single strategy and practicing on a demo account before live trading.
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Chapters
- •Introduction to ICT trading concepts and strategies.
- •Explanation of Fair Value Gaps (FVG) with visual examples.
- •Distinction between Market Structure Break (MSB) and Market Structure Shift (MSS).
- •Understanding Sell-Side Liquidity (SSL) and Buy-Side Liquidity (BSL).
- •Importance of mastering basics before strategies.
- •Explanation of Smart Money Technique (SMT) divergence using correlated and inversely related pairs.
- •Examples of bullish and bearish SMT divergences.
- •Definition and formation of Order Blocks (bullish and bearish).
- •Entry points and stop-loss placement for Order Blocks.
- •Importance of New York time zone for trading sessions.
- •Introduction to Intraday Price Delivery Algorithm (IPDA) data ranges.
- •Defining premium and discount zones using Fibonacci retracements.
- •Using IPDA ranges to identify potential shorting (premium) and longing (discount) opportunities.
- •Drawing multiple fib levels within ranges for finer market analysis.
- •Incorporating high time frame PDAs (Order Blocks, FVGs) into IPDA ranges.
- •Focus on the 9:30 AM New York time.
- •Strategy involves waiting for a sweep of recent lows or highs before 9:30 AM.
- •Identifying an Order Block or Fair Value Gap after the sweep.
- •Entering trades on the retest of the Order Block or FVG, biased by premium/discount zones.
- •Targeting 15-20 pips for trades.
- •Explanation of a repeating structure involving sweep of highs, then lows (or vice versa), followed by a strong move.
- •Identifying confirmation by a close above a specific level.
- •Using the last Fair Value Gap for entry and placing stop-loss below the swing low.
- •Introduction to the 'inverted L' pattern for scalping on smaller time frames.
- •Using SMT divergences to validate manipulation phases in these structures.
- •Trading window: 3-4 AM and 10-11 AM New York time.
- •Focus on Fair Value Gaps within these windows.
- •Crucial requirement: SMT divergence must be present for a valid trade.
- •Entry on FVG after divergence, stop-loss above swing high.
- •Targeting 10-15 pips.
- •Identifying fake breakouts or breakdowns by analyzing liquidity sweeps.
- •Using daily vertical lines (12 AM New York time) to mark trading days.
- •Combining sweeps of previous day's lows/highs with SMT divergences.
- •Looking for Order Blocks after sweep and divergence.
- •Entry on retest of Order Block, stop-loss below swing low.
- •Identifying valid FVGs using correlated pairs (e.g., EUR/GBP).
- •A valid FVG is filled in one pair but not the other.
- •Bullish case: FVG filled in EUR but not GBP suggests a move up.
- •Bearish case: FVG filled in GBP but not EUR suggests a move down.
- •Trading FVGs to perfection by confirming with SMT pairs.
- •Understanding Accumulation, Manipulation, and Distribution phases.
- •Identifying manipulation (upside or downside) often involving liquidity sweeps.
- •Using SMT divergences to confirm the validity of the manipulation phase.
- •Valid manipulation is confirmed when one pair shows divergence while the other sweeps liquidity.
- •Entry on Order Block after valid manipulation, targeting the opposite extreme.
Key Takeaways
- 1Mastering ICT basics like FVGs, MSB, MSS, SSL, and BSL is crucial before applying strategies.
- 2SMT divergences, using correlated pairs, are vital for confirming trades across multiple ICT strategies.
- 3Order Blocks provide high-probability entry points when combined with other ICT concepts.
- 4Premium and discount zones, derived from IPDA data ranges, guide trading bias.
- 5The New York session and specific time windows (e.g., Silver Bullet) are critical for timing trades.
- 6Liquidity sweeps are key indicators of potential market reversals or continuation patterns.
- 7Not all patterns or gaps are tradable; validation through SMT and context is essential.
- 8Consistent practice on a demo account is necessary to master ICT strategies and build confidence.