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What is your entry model? What is your criteria to hit the button? For me I run through a checklist of a few different things that I would like to see for day trading.
1.) 1H liquidity sweep
2.) Displacement after sweep leading to a break in market structure.
1.) 1H liquidity sweep
2.) Displacement after sweep leading to a break in market structure.
3.) 5m-15m bodied candle under 5m-15m breaker and enter.
4.)If bodies and displaces, I will get in at CE of that FVG
5.) As long as ordeflow is respected and OBs are respected, I stay in.
6.) Target 50%. Take partial. Only interested in LRLR.
4.)If bodies and displaces, I will get in at CE of that FVG
5.) As long as ordeflow is respected and OBs are respected, I stay in.
6.) Target 50%. Take partial. Only interested in LRLR.
7.) After 50%, targeting PD arrays to take off rest of position once orderflow is no longer respected.
8.) Only targeting 2-4RR. Not risking more than .25% of my account per trade.
9.)If I lose trade 2 trades in a row, .12% risk per trade.
8.) Only targeting 2-4RR. Not risking more than .25% of my account per trade.
9.)If I lose trade 2 trades in a row, .12% risk per trade.
10.) If I did lose 2 trades in a row, and I follow it up with 2 wins, back to .25% RR per trade.
11.) This setup takes place at least once a day.
12.) its really that simple
11.) This setup takes place at least once a day.
12.) its really that simple
All of this is centered around time and price. When the setup isn't there I do not force other trades. I will wait and watch and stalk the charts. If I don't see my main model form I will wait patiently for it to form. All centered around if this/then that.
ICT is very advanced. However, your entry model should be easily identifiable. Its really that simple. If you took this trade there was no reason to leave it without walking away without a mosnter short. LRLR. 2022 entry model. Simple and easy.
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