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Market Daily Cycle best ict trading strategy
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Market Daily Cycle
ICT Trading Strategy: How to Master Inner Circle Trader?
ICT or inner circle trader is a trading strategy from Micheal Huddleston, a forex trader, and mentor. The main aim of the ICT trading strategy is to combine price action and the smart money concept to find the optimal trading entry. Moreover, the core strength of this method is that it is not limited to finding a trading point only. Instead, it can explain the market in the best way so that traders can combine the price structure with their trading method.
Let’s discuss everything a trader should know about the ICT trading method, including buying and selling strategies with examples.
CLOSEContents
What is the ICT trading strategy?
How to trade using the ICT in trading strategy?
A short-term trading strategy
Bullish trade scenario
Bearish trade scenario
A long-term trading strategy
Bullish trade scenario
Bearish trade scenario
Pros & cons
Final thoughts
Market Daily Cycle best ict trading strategy
Market Daily Cycle best ict trading strategy
Market Daily Cycle best ict trading strategy
What is the ICT trading strategy?
The method, which is based on the market structure, can explain institutional traders’ appearance in the market. Therefore, investors can avoid the retail trading trap related to making a loss.
In the financial market, larger players need to build orders before making the price move in any direction. In the order building phase, the price remained within a correction, where violations of the near-term supports and resistances are seen. On the other hand, when the price is ready to move, it will indicate which candle the order flow started.
Moreover, the financial market follows a sentiment in 24 hours trading, starting from the Asian range. Traders can identify the intraday price sentiment from this behavior and make money by taking trades from the optimum level. Later on, London manipulation and New work move complete the circle.
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