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*Profitable Crypto Trading Strategy*
In this thread I teach this strategy step by step. It's entirely based on ICT's 2022 YouTube Mentorship model. I've modified it very slightly for trading crypto and backtested it with years of data. Let's get into it!
In this thread I teach this strategy step by step. It's entirely based on ICT's 2022 YouTube Mentorship model. I've modified it very slightly for trading crypto and backtested it with years of data. Let's get into it!
This model uses two timeframes: 4h/15min. The example looks at a profitable short. Detailed instructions and definitions are on every diagram!
Step 1: A 4h swing high is formed.
Step 2: Price trades through the 4h swing high.
Step 1: A 4h swing high is formed.
Step 2: Price trades through the 4h swing high.
Step 3: Mark the last 15m swing low that formed before price traded through the 4h swing high.
Step 4: Price trades through the 15m swing low and a 15m candle body closes below it.
Step 4: Price trades through the 15m swing low and a 15m candle body closes below it.
Step 5: The candle that trades through the 15m swing low also creates a FVG.
Step 6: Price trades back into the FVG
Step 7: Price retraces to at least the 0.5 fib level
Step 8: Enter the trade when price is in the FVG and above the 0.5 fib
Step 7: Price retraces to at least the 0.5 fib level
Step 8: Enter the trade when price is in the FVG and above the 0.5 fib
Step 9: Place your stop loss above the swing high (this should be done at the same time you enter the trade)
Steps 10, 11, 12: Take profits!
Steps 10, 11, 12: Take profits!
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