About ICT trading model developped in 2022
SMT Divergence is NOT used an Entry Pattern. SMT Divergence is the key to identifying and trusting Stop Hunts. You have to need to know where the market is heading, then use SMT for confirmation following that bias. SMT MUST OCCUR FOLLOWING TIME & PRICE THEORY. IN VERDICT: WHAT IS YOUR BIAS? When Price is Bullish, the number of Up Close Days will outnumber the amount of Down Close Days. The moment you are trading intra-day you are trading with that bias in mind. If you have a set up that follows bias, you would assume Full Risk on that trade. I.e. 1% Risk If you have a setup that is counter your bias, you would assume Half Risk on that trade. i.e 0.5% Risk PSYCHOLOGY TIP FOR BIAS: GET OVER THE CONCERN OF BEING RIGHT EVERY TIME. THE IDEA OF PERFECTION IN TRADING DOES NOT EXIST. You will not get a perfect entry all the time. You will not get a perfect exit all the time. You will not be trading the perfect market all the time.
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EMBRACE IMPERFECTION AND NOT HAVING TO BE RIGHT ALL THE TIME. BEING RIGHT IS NOT EQUAL TO BEING PROFITABLE IN TRADING. ONCE PRICE IS AT EQUILIBRIUM OF A PRICE RANGE, BIAS GETS HARDER TO DETERMINE. THIS IS WHEN YOU HAVE TO CHANGE YOUR TRADING STYLE. This is when you expect Consolidations. Rely on the Lower Time Frame Charts and look for Intra-day Liquidity Pools. Become more nimble and don't demand explosive price swings. TAKE YOUR PIPS AND RUN. DO NOT OVERSTAY YOUR WELCOME IN THE MARKET AT EQUILIBRIUM. The moment you are trading intra-day you are trading with that bias in mind. INTERMARKET ANALYSIS: SPOOZ, NASDAQ, AND DOW AVERAGES TEND TO MOVE IN THE SAME DIRECTION.
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Spooz, Nasdaq, and Dow Averages are Correlated Markets. Even if you are not trading all of these averages, you still need to refer to them for information. Since these markets move in tandem... if you see an Entry Pattern on 1 of the Averages, the other markets will have a high probability of expanding similarly, even if they didn't print the Entry Pattern. THIS IS WHEN YOU ARE USING OTHER MARKETS AS YOUR INDICATOR. WAS THIS HELPFUL? Take the next step. FOLLOW OUR JOURNEY PROVIDING VIDEO CONTENT FOR THE TRADING MARKET. Our YouTube channel looks at a broad range of subjects including Trading Motivation, Trading Lifestyle, Trading Educational Content, Podcasts with various experts and much more. CLICK HERE TO SUBSCRIBE Join my newsletter. YOUR ULTIMATE ONE-STOP NEWSLETTER TO ACHIEVE TRADING GREATNESS. Weekly emails on self-improvement, mindset, psychology, trading skills, business, and more. No spam, no bullshit. 100% privacy. Your e-mail will never be shared with anyone.
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