2022 vid 2 ICT Elements to a Trade Setup

Question 1

What questions do I need to ask myself for weekly bias?

weekly

Answer 1

1. Where do I think the last candle is moving towards?
2. What do I think will happen next week?
3. Where is my market likely to draw to?

weekly

Question 2

What things am I looking for on a daily chart?

Daily

Answer 2

Swing lows for bearish moves (STL)

swing highs for bullish moves (STH)

Buy stops and sell stops (liquidity)

Imbalance

daily

Question 3

What is price drawn to?

Daily

Answer 3

Price is normally drawn to:

• liquidity (BSL/ SSL) or
• imbalance

daily

Question 4

What do I need to look for on the hourly chart?

1 Hour

Answer 4

1. DAILY OPEN
2. BSL/ SSL
3. PREVIOUS OPEN/ CLOSE?

1 Hour

Question 5

Describe the anatomy of a stop hunt in a sell market?

1 Hour

Answer 5

Anatomy of a Stop Hunt in a sell market:
1. Takes out sell stops causing traders to put in sell orders before reversing to
2. Take out buy stops causing traders to put is buy orders before reversing downwards (STOP HUNT)
3. Continuing onto it’s downward goal

1 Hour

Question 6

Describe the anatomy of a stop hunt in a buy market

1 Hour

Answer 6

Anatomy of a Stop Hunt in a buy market:
1. Takes out buy stops causing traders to put in buy orders before reversing to
2. Take out sell stops causing traders to put is sell orders before reversing upwards (STOP HUNT)
3. Continuing onto it’s downward goal

1 Hour

Question 7

STOP HUNT

1 Hour

Answer 7

Always expect the following whenever a significant price move is expected:

1. stop hunt
   OR
2. STH/ STL is taken out

Go to 15m chart once stop hunt starts

1 Hour

Question 8

what do I do once price goes into a stop hunt?

15m

Answer 8

Go directly to 1 TO 3 minute time frame once price starts to reverse.

price will have reached high for a sell
price will have reached a low for a buy

15m

Question 9

What am I looking for once I go into the 1 to 3 -minute time frame?

LTF

Answer 9

I am looking for:
1. Short term high (for sell) or short term low (for a buy)
2. Fair value gap
3. Break in market structure
4. Price returning to fair value gap

LTF

Question 10

When do you take the trade?

LTF buy

Answer 10

Once price has reversed,

• wait for STH and FVG to form
• wait for Break in Market Structure (price takes out STH) reverses and comes back up.
• take the trade as soon as price returns to FVG

LTF

Question 11

When do you take the trade?

LTF sell

Answer 11

Once price has reversed,

• wait for STL and FVG to form
• wait for Break in Market Structure (price takes out STL) reverses and comes back up.
• take the trade as soon as price returns to FVG

SELL

Question 12

how do I determine my target?

LTF

Answer 12

1. Find the C.E. of the previous leg and look for a PD array (fair value gap order block)
2. Target 1 should be just beyond the CE
3. Target 2 could be just beyond the next liquidity level.

LTF

Question 13

How do I know if my trade is even worth taking?

LTF

Answer 13

To know if my trade is even worth taking determine if I have a minimum of 10 handles to target 1.

LTF