ICT Charter Price Action Model 1 Summarized:
Key Components:
The foundation of this model lies in the concept of liquidity.
Liquidity is present in terms of Buy Stops and Sell Stops.
Where liquidity rests the algorithm is programmed to seek.
The foundation of this model lies in the concept of liquidity.
Liquidity is present in terms of Buy Stops and Sell Stops.
Where liquidity rests the algorithm is programmed to seek.
IPDA (Interbank Price Delivery Algorithm)
IPDA's main goal is to hunt for liquidity.
For finding our daily bias in this model we look back 20 days and mark key swing highs and swing lows.
For example:
IPDA's main goal is to hunt for liquidity.
For finding our daily bias in this model we look back 20 days and mark key swing highs and swing lows.
For example:
This is your narrative.
The above image shows that IPDA took buy-side and is now targeting sell-side liquidity (the swing low of the previous 20 days).
More examples of how to analyze the IPDA 20 day lookback:
The above image shows that IPDA took buy-side and is now targeting sell-side liquidity (the swing low of the previous 20 days).
More examples of how to analyze the IPDA 20 day lookback:
ICT Price Action Model 1
This model focuses on finding intraday scalping opportunities in the IPDA 20-day look-back range and targeting previous daily highs and lows.
This model focuses on finding intraday scalping opportunities in the IPDA 20-day look-back range and targeting previous daily highs and lows.
Trader Profile:
1. Not willing to hold trades over a long period/overnight
2. Prefers quick setups over waiting for long-term setups
1. Not willing to hold trades over a long period/overnight
2. Prefers quick setups over waiting for long-term setups
Buy Model
Buying only when the daily chart has taken out a swing high in the last 20 days and the price is not in a premium zone.
Buying can be considered at the Equilibrium of the 20-day IPDA data range.
Buying only when the daily chart has taken out a swing high in the last 20 days and the price is not in a premium zone.
Buying can be considered at the Equilibrium of the 20-day IPDA data range.
Ideal buys are Monday, Tuesday and Wednesday New York Session.
Trading between 7am - 1am EST (a time when price is most likely to create movement and seek liquidity.
Trading between 7am - 1am EST (a time when price is most likely to create movement and seek liquidity.
Use the bullish optimal trade entry pattern at key levels (62%, 79% entry plus 5 pips for spread).
Sell Model
Taking short positions only once the daily chart has taken out a swing low in the last 20 days and is not in a discount zone.
Taking short positions only once the daily chart has taken out a swing low in the last 20 days and is not in a discount zone.
Short positions should only be taken Monday to Wednesday between 7-11am EST in the New York Session.
Using the Optimal Trade Entry (OTE) Pattern minus 5 pips for spread.
Using the Optimal Trade Entry (OTE) Pattern minus 5 pips for spread.
Important Notes:
I hope you enjoyed this summarization, you can watch the full videos on The Inner Circle Traders YouTube.
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Follow me @Trader_Theory for more + join my FREE telegram channel for a deeper dive into the strategies that define successful trading: t.me
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