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Buy Sell

The document provides instructions for consciously buying and selling assets. It advises building a checklist for decision making and determining daily bias using weekly and daily timeframes. Buyers should find impulsive uptrend candles breaking structure, enter the resulting fair value gap, place stops below the last low, and target 3:1 risk-reward. Sellers follow similar steps, entering fair value gaps formed by impulsive downtrend candles, placing stops above the last high, and targeting 3:1 risk-reward. Novice traders are advised to initially spend more time studying past charts and demo trading.

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rangghj
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59 views2 pages

Buy Sell

The document provides instructions for consciously buying and selling assets. It advises building a checklist for decision making and determining daily bias using weekly and daily timeframes. Buyers should find impulsive uptrend candles breaking structure, enter the resulting fair value gap, place stops below the last low, and target 3:1 risk-reward. Sellers follow similar steps, entering fair value gaps formed by impulsive downtrend candles, placing stops above the last high, and targeting 3:1 risk-reward. Novice traders are advised to initially spend more time studying past charts and demo trading.

Uploaded by

rangghj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Buying and Selling should be made consciously.

To train yourself to buy and sell consciously you need to build YOUR OWN checklist, it will first
be written and slowly after months + you will be able to have it in your mind.

The first question to be asked should be “What is my daily bias” ?


Timeframes used for that are TF Weekly and TF Daily.

To know how to define your daily bias, watch ICT mentorship 2022 I’ve put on the drive or watch
on youtube.

After Daily bias is found you will look for your daily openS. Midnight and NY/London depending
on when you trade.

Find the lows and the highs and understand/see where your premium area and where your
discount area is in the price of your traded instrument.

Now you are ready to WAIT for a trade setup to come to you.

You have your daily bias, you know your opening levels, you know where premium/discount is.

Sell Side:

Find an impulsive downtrending candle breaking a structure making it a change in the direction
of the trading. Since it is impulsive there will be a Fair Value Gap (FVG) formed.
Place your limit or market order in this area, don’t be greedy, you don’t want to miss the train,
you don’t need to have the exact top level of the gap.

Follow your risk management 0.25-1% of your account at risk when you are learning and
starting. Do not forget, risk management is determined by 2 factors working hand in hand. Lot
size AND distance of the STOP from the entry price. Place your STOP when placing the order
above the last high before your FVG forming.

If you don’t understand this part, rewatch ICT. For people that have put in the work, this should
be simple to understand.

Now place your TP, taking the trades should have given you at least a 3:1 RR.

Buy Side:
Find an impulsive uptrending candle breaking a structure making it a change in the direction of
the trading. Since it is impulsive there will be a Fair Value Gap (FVG) formed.
Place your limit or market order in this area, don’t be greedy, you don’t want to miss the train,
you don’t need to have the exact low level of the gap.
Follow your risk management 0.25-1% of your account at risk when you are learning and
starting. Place your STOP when placing the order below the last low before your FVG forming.

Place TP.

1. Daily bias - openS


2. Impulsive UP/DOWN trending candle breaking a structure
3. Enter in the FVG placing stop above/below last high/low before FVG forming
4. Make sure you are going for a 3:1 at least.

In the first weeks, spend most of your time studying past charts and on demo accounts, trying to
see what the market will do, and taking notes.

Whatever you will put in, is whatever you will get out.

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