This teaching will be a micro of the trading plan development series ICT doesnt look at all the things in the trading plan development series
The ICT mindset is a collective whole, processed thinking
Where are we building on? Are we going to buy or sell or stay on the sidelines? What is the process?
Experience will define when not to trade
A narrative has to be binary, very defined. If you dont have a plan then this will lead to impulsive emotional trading.
A trading plan is unique to everybody, dont share it with others
Entries are not what you need to know right now, you need to develop a process orientated thinking first. You need total understanding
The people that are struggling are reactionary and impulsive of what they want to do right now, beginners want to immdeiately get in and start trading. You dont know what defines the trade setups yet, it comes by experience and by seeing ideas
Stop looking to do something right now, professional traders are not in a rush, they sit back and wait for a scenario that makes sense
All decisions ICT makes before a trade he will share, he has experience and uses processed thinking
Primarily focus on 2 that have to come to agreement, not all 4 have to agree.
Inflationary and deflationary markets have big impacts on stocks and commodities as well
Caring change market, 2 markets interest rates
When your big picture, intermediate and short term perspective are all in agreement then thats what makes a high reward trading setup
Again 2 have to be in agreement
Intraday charts have no effects on price Daily weekly and monthly are what move price