In this THREAD I will explain “How to ENTER a trade”
1. How and where to enter a trade?
2. Reasons to enter a trade
3. Where do you take profit?
4. Reversal and liquidity points
5. ICT Classic BUY template
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1. How and where to enter a trade?
2. Reasons to enter a trade
3. Where do you take profit?
4. Reversal and liquidity points
5. ICT Classic BUY template
🧵(1/9)
1. How to ENTER a trade:
When looking to enter a trade we should only be considering HTF zones as valid areas.
This will provide us of clear levels and where is heading the liquidity.
To do this we need to look at the HTF (H4,H1) before going on to LTF to enter the trade.
When looking to enter a trade we should only be considering HTF zones as valid areas.
This will provide us of clear levels and where is heading the liquidity.
To do this we need to look at the HTF (H4,H1) before going on to LTF to enter the trade.
1.1 Take the trade:
We will short near the supply zone I marked. The next high after testing supply is lower, that's also a reason for us to short.
SL should be placed ABOVE that supply.
Meanwhile, TP should be at the lows where the liquidity is.
We will short near the supply zone I marked. The next high after testing supply is lower, that's also a reason for us to short.
SL should be placed ABOVE that supply.
Meanwhile, TP should be at the lows where the liquidity is.
2. Have valid reasons to enter a trade:
Without reason our entry is pointless. The reason can be anything such as liquidity, weak high/low, unmitigated supply/demand...
To find the reasons, you will identify it easier on HTF. This is the HTF of the example we just saw.
Without reason our entry is pointless. The reason can be anything such as liquidity, weak high/low, unmitigated supply/demand...
To find the reasons, you will identify it easier on HTF. This is the HTF of the example we just saw.
2.1 Weak High:
A weak high is formed when a market rises and reverses right at a specific point which is often a technical or profile nuance.
Some examples would be prior intraday highs, the upper extreme of a value area, the prior day’s settlement, or the current day’s open.
A weak high is formed when a market rises and reverses right at a specific point which is often a technical or profile nuance.
Some examples would be prior intraday highs, the upper extreme of a value area, the prior day’s settlement, or the current day’s open.
3. Where do you TP?
The final step is finding out where you want to scale out. This is where we take partials
Theres a few ways you can go about deciding where to take partials (points of reversal or set RR percentages)
Fibonacci expansion is also a way to set TP.
The final step is finding out where you want to scale out. This is where we take partials
Theres a few ways you can go about deciding where to take partials (points of reversal or set RR percentages)
Fibonacci expansion is also a way to set TP.
4. Reversal points and Liquidity points:
This points provide us information of where the price is heading.
We should take TP part of our position on EQUAL HIGHS, since probably the price will dump from there.
Take profit on reversals/liquidity points.
This points provide us information of where the price is heading.
We should take TP part of our position on EQUAL HIGHS, since probably the price will dump from there.
Take profit on reversals/liquidity points.
5. ICT Classic BUY template:
Happens during the London session. NY session will eventually give a retracement to continue with the trend that was set during the London session
The daily range will last for 7-8H once the profile is established
Low of the day in London Session
Happens during the London session. NY session will eventually give a retracement to continue with the trend that was set during the London session
The daily range will last for 7-8H once the profile is established
Low of the day in London Session
I hope this brief THREAD has helped you to understand "How to ENTER a trade"
It's a must knowledge you should have. To find good RR trades, and therefore, to understand PA and MS.
RT and FAV to keep this content coming is appreciated.
It's a must knowledge you should have. To find good RR trades, and therefore, to understand PA and MS.
RT and FAV to keep this content coming is appreciated.
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