Forex/SP
A sweep above a daily high, 3 bar pattern thats when ICT starts to expect lower prices, this gets confirmed when the 4th candle trades lower. Vice versa when sweeping a low.
In forex there is no central measure of volume in the algo that delivers price is going to want to overlap the FVG
Forex is very scaleable
London close, opposite low/high of the daily range. 1000-1100
If theres a news event ICT will use 1000-1200 as London close
Keys to daily bias:
Every day bias is unrealistic Determine the likely weekly expansion (utilize the weekly chart) weekly expansion doesn’t mean where the weekly will close, but where will it likely reach for, that will give you the strongest bias Look for obvious liquidity in that direction Identify imbalances in price delivery top down Focus on the high or medium calender event dates Look for directional price runs in my killzones intraday
The same thing on the daily and weekly chart, what is price likely to reach for.
Liquidity or rebalance or create imbalance
Ask yourself? Whos in the crosshairs? Have people been making money with longs? Is there a low to target to stop them out?
Focus on high and medium calendar event dates, thats when the best setups occur And they originate around the same time the new comes out. ICT also uses CAD new for trading indices and EUR/GBP might also be useful
ICT trades only high or medium impact days
When theres 2 big wicks on either side caused by news, he ignores the wicks
He likes to use FVGs fully in premium/discount
When London gives an energetic move and we retrace and at 830 we open near the low of London we can buy before 930 with confidence
If manipulation happened just before 930 we might not need more manipulation when 930 opens?
If the low already took SSL then the low doesnt need to get taken out
Lower USDCAD higher SP Risk on: USD won other markets up Risk off: USD up other markets down
He used CAD news for SP500
He trades the pair that has new or the correlated pair
Talks about correlated pairs He uses new for correlated pairs and then watches SMT between for example EU and GU if EU makes a lower low with news coming out and GU doesnt he wants to buy GU since thats the stronger pair