'Inner Circle Trading', the general name of the trading methodologies conveyed from the deep experience of Michael Huddlestone, who has more than 20 years of trading experience, is a useful document showing the use of 'ICT' in the Forex field.
TIME AND PRICE THEORY There is specific time of the year, month or day where price will make significant high/low (study seasonal tendencies) Time and price theory is when price meets support/resistance at specific time of the day that we anticipated high/low to be formed (Kill zones). When this unfold it will give us a strong confirmation when the setup is confirmed by other tools. For example, Monday, Tuesday and Wednesday are high probability days for high of the week or low of the week to be formed but look closely for Tuesday and Wednesday London open KILL ZONES We need to understand that there are specific hours of the day that high/low of the day is likely to form, understanding this will help you to know when you want to look for a setup and when not to. Below are specific hours or Kill zone that will be used to hunt for trades
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ASIAN KILL ZONE: 23:00 03:00 LONDON OPEN KILL ZONE: 07:00 10:00 GMT LONDON CLOSE KILL ZONE: 15:00 18:00 GMT NEW YORK OPEN KILL ZONE: 12:00 15:00 GMT o Allow up to 1 hour before and after the kill zones timings because sometimes setup will come 1 hour early or 1 hour before and because of Daylight Saving Time. Monitor 4 hours after 05:00 or New York midnight, there is high probability of high/low of the day to form within those 4 hours You will see high/low of the day forming most of the time around 09:00 09:30 GMT 10:00 GMT most of the time expect to see a Judas Swing or and Divergence above/below the 07:00 09:00 GMT price that will form a swing high/low to the direction of the market, for example if you are in a sell trade you will see a move back to the higher of the day that will form a swing high and continue down. Mark the opening price of 10:00 GMT and most
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Baixado por metin al?? (metincalisinfogmail.com) 44 of the time this price will setup New York Optimal Trade Entry in sync with High/Low that was formed in London. In New York most of the time price will trade back to 07:00 Price and give you optimal trade entry. When you dont see a Judas swing in London expect the Judas to form in 10:00 GMT For a sell trade, most of the time high of the day will form in first 4 hours after 05:00 GMT (London open kill zone) but ideal time window for a high to form is 07:00 10:00 GMT and low of the day will form around 15:00 16:00 GMT and vice versa for a buy trade (if you were selling from London open kill zones you need to close trades around 15:00 16:00 GMT Typically, the daily high or low is formed on a sharp counter trend direction on that day.
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(Judas Swing/Stop hunt) 05:00 GMT is the beginning of the true trading day and end of Asian range 19:00 GMT is the end of the true trading day 20:00 to 00:00 GMT is Central Bank Dealing Range or the Flout 00:00 to 05:00 GMT is the Asian Range 10:00 11:00 most of the time you will see a pause in price after London move or a Judas swing that will make a fractal to the direction of the market in lower time frame 12:20 GMT (20 minutes after the beginning of New York kill zone) is when futures contracts begin trading Start looking for New York trade setups from 12:20, for a buy trade you need to buy 10pips below the 12:20 price and for a sell trade you need to sell 10 pips above the 12:20 price for New York trade Baixado por metin al?? (metincalisinfogmail.com) 45 MARKET PROFILES Traders all too many times rush into the action of entering trades with no real
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