6 ICT Based Strategies, You'll Learn 1 Today...
all right folks here we are in trading up we've got sg in the house he's about to walk you through some of his take on the his ict training so he's gone through the icy ict training if you don't know who that is go and check it out on trading that's michael hudderston inner circle trader and he's going to basically show you his take on it how he's come up with those sort of methodologies and turn it into his own trading system so welcome to the show sg hey man appreciate it man thanks for having me well let's get your screen shared and let's have a look at this stuff let's go let's do it hey folks my sponsors city traders imperium have just launched some amazing changes to the funded trader program you gotta check out you can now skip the whole evaluation trade gold as well as forex plus they've increased the drawdown you're allowed in both the evaluation and when funded with c2a it's even faster and easier to reach up to four million dollars in funding with a 50 to 70 profit share click the link in the description to find out what else has changed me personally when it comes to you know strategies like everybody knows i learned from ict but even after even after learning from ict i still blew up like maybe 12 13 accounts after i learned from him we talked about that earlier um so yeah i had to just go through and just the experience man like you know the experience of getting in the market and learning and sampling from ict and then building my own system so i built my own system based off of you know his his his analysis his his uh his content man so yeah so i i got six strategies that i use in the market and i'll name them off but we'll go over one in particular so let's see uh my my main this is the only six i use period like like i said i built them just off of my experiences in the market but uh one of them is called my open and drive setup then i have a 10 30 one slash five minute chart setup this is just names i came up with so nothing you know you're not going to find it anywhere but anyway so the third one is higher time frame inefficiency setup then i have a swing trade setup then i have an intraday swing trade setup and i have an equal high slash slow setup so the first one i brought up was open and drive i'm not going to go over open and drive because that was a very very high volatile chart and that only comes around a couple times a season in other words quarter two and quarter four that that set up is like booming and that's amazing it's it's very aggressive it's it's at the one-minute chart uh we use a lot of pre-market data and that thing you know it's i'm usually done in five six minutes trading with that with that set up my uh my 10 30 chart that one's a that one's really good because it's a it's also can be used as counter trend trading so i don't have to go with the higher time frame analysis that one's called the 1031 slash five minute chart setup but the one that i'm gonna go over today that's my bread and butter that one is all year round by the way the one i'm gonna go over right now this guy's pretty much all year round is you know everyone knows that really trades you know whatever setup you're using you're not gonna more than likely not gonna be able to do that same one setup all year round because the market's always moving and adapting adjusting you're gonna have to come up with multiple setups in my opinion to be able to day trade every you know every day or you know when you need to so the one i'm gonna go over right now it's called the higher time frame setup that's my bread and butter that's my that's because that one is you know it's pretty much for me it's all year round and you know it tells it as long as your chart you can read the chart and you can have a as long as this criteria as long as the chart fits the criteria you know what i'm saying then you know i can i can i would uh i would try to trade that chart you know if that makes sense so i'm going to go over the higher time frame inefficiency setup that's my favorite one and basically it's like i said higher time frame so i'm looking on the hour to four hour to 30 minutes normally somewhere in that time frame that i'm looking for entries i'm looking for inefficiencies um and also liquidity so in this scenario here this is the nasdaq or the nas 100 whatever you want to call it uh matter of fact let's go over to i'm gonna go to the daily chart so on the daily chart this is what i got i got um i love this shoulder right here this left shoulder looks like a like an equal high or a swing high here and then we have this this uh sell-off here it's set off here to me looks like it you know took out this liquidity here these wicks here went down into this order block and then we had the strong expansion or distribution whatever you want to call it right this strong price delivery going above this swing high this when this happens it gives me a lot of uh information that you know this could be a purge now this also could just could have just went above this swing high and it continued to go higher but once it went above this previous swing high and then we sold off uh through these lows this previous low here that gave me an indication that we may be looking for a bearish market later on again this is the daily chart right so on the daily chart i'm looking for inefficiencies that's what i'm looking for and also not just any inefficiency i'm looking for i want like i just explained i i want christ to tell a story and so i just kind of told you guys that i got this little shoulder over here and then we had this aggressive move above it right and then for a few days a few weeks actually it stayed up here and then it started to work his way down popped back up and then we shot down again through this low here this previous swing low which is very important to me we go through this swing low and we left this inefficiency right here let me take some of this stuff off the chart so you can see it a little bit better i'll take these little yep those vertical lines off if you look right in here on this daily chart we have a wick here a wick head it's a beautiful inefficiency we call it a fair value gap fmg uh this community should know that that's a sweet spot for me and it's on the daily chart what else is important to me let's go down to the four hour from here let's check out the four hour so the four hour is still sewing a soft spot in there i really like that um and again we took out that low now when we took out this swing low over here remember i just showed you guys on the daily chart we took out this this previous swing low and once we took it out price came back and retested an order block and it shows some strong expansion here so now if we go down to the if we go down to the david or the one hour chart as of right now it looks like to me monday's obviously monday's the low of the week that's what we got right now monday's the low of the week right now and i'm trying to see if that's going to hold up so we'll see going into the london session tonight and then going into tomorrow we'll see what happens i'm still i like the bullish scenario um because they manipulate the price early in the week here's monday's open right here's monday this this little yellow line here that sunday's open i don't need it there but i don't like it there so i like to leave it there just to see which way the market makers want to manipulate price and as you can see sunday monday they aggressively sold off into a previous swing low and took that liquidity way over here all right guys you see they took that low over there which is which is what i wanted and then they left on a daily chart they left this huge inefficiency but on the one hour i still have another inefficiency in there also so i really love my i really like this setup so what i'm thinking what's what's going to happen is since they sold off price earlier in the week you know sunday and monday we're probably going to pop up like they did here maybe come back down somewhere in a soft spot in here in this inefficiency area and then maybe continue higher and close um the rest of the week go above the opening sunday's open once we get up here i'm looking for possible swing trades if price fits my criteria if the chart fits that criteria i'm only look i'm also looking for day trades to the south side and i'm looking for swing trades also so that's what i'm looking that's what i'm waiting on so right now it's 4 30 in the afternoon new york's new york time the market pretty much is closed so the new york session basically so i'm looking to see what's what we're gonna do here tonight we got a huge area right here this is where a lot of guys get confused at a lot a lot of ict or smart money traders they understand the concept but they get washed around they don't know which order block to take they don't know because a lot of they don't know what fair value gap or breaker a lot of times it has a lot to do with the scenario you just can't trade in order to block a fair value got some inefficiency you need to trade a scenario you need to trade on the whole this whole system structure 0:08:53.360,1193:02:47.295 what not off into that higher available frame liquidity they made a load of the week as of right now we had to load the week we had an aggressive move today i actually missed my entry and i didn't like the lower time frame entry so i didn't take a trade with it but my higher time frame announces was so far was correct i expected them to retest this order block here like like it did and then we took off so that's good so my high time frame analysis is correct but my lower time frame entry was not right so i didn't take a trade like i told you guys don't take a lot of trades i know that hey folks just jumping in here now this show is sponsored by madrix madrix offers you three smart ways to make money from crypto the first is coin sets baskets of coins you can invest in based around themes and picked by experts the second is algos choose from hundreds of robots they can trade crypto for you on autopilot and the third is to create your own outgos and tap into over 50 000 madrix investors click my special referral link in the description below or the card above and get 25 credit when you join madrix today plus this week only if you invest in two coin sets before the first november you'll go in the draw to win one of three ethereum coins current market price is almost 4 000 us dollars per coin terms and conditions apply do you think you'll take your trade uh trying to get to that zone as well or or like another yeah yeah so tomorrow like like i said i don't normally trade london session i'm big on new york session because i think that you know you can trade london session but i like to get more price data so when you got you know sydney and you got asia you know london session all that price data tells me what's going on from new york so i can kind of zone in and and see what they're really trying to do so i like to wait until new york session the next day so because we have this soft spot here see this is where guys get confused at so let's talk about this for a second we got these two little areas right here really where price is inefficient okay so price could come in here and take off or it can come it can sell off through here and come down here and take off what i do to help me not be confused because for a long time y'all i was confused as hell like i could read the analysis the the ict the smart money style but i just could not get my entries right for me higher time frame is king we all know that but lower time frame is i call it this queen she turns the head she kind of gets him to go where she wants to go so what i do to help me out i time everything with time and price i time it with time and price and i also time it with i use the one minute chart because i feel like every time frame has its own liquidity and an efficiency every time frame has to be respected and i think that's why a lot of guys are not doing i go all the way down to one minute i don't care what time frame i find to set up on this setup right here is clearly on the on the one hour chart but i'm going to zoom down once price like right now literally the price is inside of this favorite value got right now so what i would do is zoom down to the one minute chart from here once i go down to the one minute chart i want to wait for my my liquidity model to be formed on the one minute this is what i do on this with this setup this is the high time frame inefficiency setup right i told you guys i got like six setups but this is the one this is my bread and butter i love to use because it has reason why i love this setup is because we have the higher time frame directional bias or order flow in our favor so that's why i like this setup because the institution guys are back in this this delivery this price delivered in this direction so i have a low swing low right here so what i want to wait for now is this even though i got a swing low right here i personally personally me personally i would like to see price come down here go up re-testing in efficiency and then take off excuse me on the one-minute chart so this is what i look for on the one minute and then what happens is we have an inefficiency here and that's why we interact i don't enter um purges i'm big on taking liquidity i'm big on price taking liquidity i'm an external trader but i don't take i don't take external interest i don't take that entry right in this box but i'm making gold i don't take that entry right there because at the end of the day we don't know how deep we don't know how deep this is going to go so i wouldn't want to just jump in right here and then it keeps going down lower and lower now i get smoked so me personally i want to see price prove it so i like to let i want to let price prove that's going to go lower and it's going to have a reaction a strong price reaction out of there that tells me that that's a draw on liquidity they're drawing on this these guys that bought right here earlier so once they once they prove it i'm going to wait for them to retest it and i'm going to time that with time and price around the new york session time then i'm going to look for an entry in here and then we're going to take targets off for liquidity on the one-minute chart and as price hits these one-minute chart targets then i'll zoom out to the one hour where i found this setup at and now hopefully i can hold it as long as price doesn't you know hit my hit those targets where i move my stopwalls to so that's how i trade this this uh this setup i really enjoy it and it's it's one of my favorite setups because it protects me because the higher time frame is in my favor so the higher time frame inefficiency we're riding with that analysis we're riding with that delivery but you i think guys get smoked because they're not going all the way down to the one minute waiting on that that one-minute liquidity to be taken and if it doesn't if it's not taken i don't take it so let's say it goes down let's go back down to the one-minute chart let's say price does not take that extra on that little low right there let's say it kind of just hovers right here and it takes off a lot of guys will take that i don't again i'm an external trader if it doesn't do what i want to do i'm not taking the trade i want to see price come below this low because that stresses me out me as a trader if prices hovers right here and it takes off i've seen in the past where it takes off and it comes back down real quick takes that previous low and then this new low it made and then take off so me personally i only wait for external retaken but i don't trade the purge i want to wait until price proves that it's created that low first and then it makes inefficiency because when price moves aggressively it creates an inefficiency when it creates that inefficiency a lot of times it'll re-test it it'll take this load it'll take that little swing high sometimes not all the time but sometimes it'll it'll create an inefficiency right here and it'll retest it and then we'll make a trade what is that what does an external trader mean i i have not heard that external is uh outside of the range that it's in so in other words external liquidity for me is outside of this range so let's pretend hold on let's go over here for one second so if we go over here and you got a a low then you a high right or a swing high right so now you got this low and you got this previous high that's a range that's and anything inside of this range is internal so when we move outside of that range now it's external it's outside the range does that mean yeah yeah yeah yeah okay right so you're going to take trades outside of the range basically yeah i want to make sure i want to make sure it goes outside of that range first see my setups cause a lot of confusion my setups cause a lot of confusion that's what i love i love confusion because that leaves people off balance just like being a boxer you know a lot of boxers don't show their moves and head movement they move their feet around they shift around a lot they want to confuse their opponent if you come straight at somebody i know what you're going to do but if i confuse the [ __ ] out of you and and you're off balance i can take advantage of that so i like confusion and that's my home so here's my journal i use i use discord to journal and if you scroll over here you can see there's no one in here but me it just means just my all my notes all my hard work i got all my strategies in here look i even i got a thing that says you know lost is what not to do with a clown face like you know i'm really hard on myself i got my numbers in here this breaks down my my margin my free margin you know i think that these guys you guys need to be doing this man like you guys need to be journaling everything you do um but anyways if you go down here to the bottom you can see where it says my six strategies all the way at the bottom bottom left it says open the drive setup 10 30 one slash five minute chart setup higher time frame inefficiency setup so that's what we've been talking about so let's get into that here's a chart that didn't work for me all right so i painted a whole scenario like i said the chart has to tell the whole that's to paint an entire picture it just can't be you know oh there's an order blocker there's a fair guy but there's the equal law this has to be a whole scenario for me to entertain it right so anyways i have a this is uh this is pvp usd gu so here's a purge down here we purge liquidity and then we had a strong price reaction afterwards when we had that strong price reaction it left an inefficiency that this nice little order brought down here and then once price got down into it i wanted to i entertained an entry down there so let's go see what happened so that's the one hour chart right that's the one-hour chart up there in the top left it says one hour this is a one-hour higher timeframe setup right excuse me so i zoom so now i'm zooming down to one minute once price gets inside that one that one hour inefficiency i want to see what it does and in this case it may do equal lows but it did not purge it so since it didn't purge i didn't take it even if christ goes in my favor i'm not gonna just jump in because i know what that's like i know what that's i know that feeling and i've jumped in trades before and then they zoom back they zip back down to my entry and now i'm getting taken out because my stop is too close or it's too wide i'm taking too much position and trying to jump in something it's just sloppy trading it's unprofessional in my opinion so for i know my demons i know my i know what i'm good at what i'm bad at so i i play to those strengths and weaknesses so in this scenario it did not take that external liquidity on that one-minute chart even though it still took off now maybe you guys use fibs maybe you guys can use something else to where it helps you i don't know i don't use volume i don't use this i don't use fibs i don't care about none of that other stuff if the chart does not do what i wanted to do i'm not taking trade i'm okay with that so in this scenario it took off but i didn't i didn't do what i wanted to do so i left it alone we got we got another what's this this is eu on the daily part so here's eu on the daily chart we got these equal highs up here another little swing high up here it took this external liquidity made a purge and what's really interesting about this setup we took that external liquidity and then it took that swing high up here so i really i'm really interested let me take a screenshot so i'm really interested i love this right here that swing high right there so you got this high and you got this this low so price went up and then it went lower than that than that previous low and then we went higher than this previous high that's a really strong indication that we're going to go higher later on but it doesn't have to i mean this thing could have come down here and a little a little reaction in this fell apart and that's okay i don't care if it does that because i'm gonna tell you why in a second so anyways price comes down into this inefficiency down here and i want to look for an entry on the one minute so now that's the one hour that's the daily chart so let's go down to the one minute it's on a one minute chart look what happened we went down in there and we took that liquidity and then look what it did it made a swing high and it took out that swing high and now it's coming back down to an inefficiency that i like so now look what happened once it went down into that inefficiency we took off again so that's where i would interact hey guys everyone what broker i use well i use these guys hanko trade look it was a no-brainer for me because i was looking for a broker with really good trading conditions and one without any leverage restrictions look also by joining hanko trade i was able to cut my cost of trading significantly with this super low commission of one dollar per 100k look if you want to find out more check out hankotrade.com or there is a link in the description cool yeah that makes sense that makes sense that's awesome um now look brilliant this is this is fantastic seeing this stuff well look thank you very much for sharing with us guys do remember we did do a podcast which is epic you've got to go and check it out i'll put a link underneath this video so go and check that out but before you wrap up what's the best way for the guys to get hold of you i got a new podcast um it's out on it's out on spotify uh it's called the it's called trader's life you can check it out look it up i'm also on youtube i'm going to start uploading my podcast to youtube and that's just under a stock guide and i'm also on uh twitter also so stock guy with two ds stock guide underscore uh god with two d's at the end awesome cool any guys if you're thinking why why are these screenshots a little bit weird it's because uh sg is on his ipad today outside enjoying the enjoying the summer or in the summer thank you for watching do remember if you're looking to automate anything i have got my robot builders club uh where i teach you how to semi automate or fully automate trading strategies so go and check that out links underneath the video as well do remember hit subscribe hit like and click on the notifications bell and click all and we'll see you in the next video you
2021-10-29 13:25
