Developing a Bulletproof Trading Edge: Strategies for Success

2 days ago
23

Join our Discord community: https://whop.com/daytrading-egde/

Principles for developing your edge:
Establish an order of procedures for technical analysis that you complete before you trade.
Establish which timeframes you complete that technical analysis on.
Establish which ICT concepts you are marking on which timeframe.
Establish what days you trade.
Establish what hours you trade in those days.
Establish what risk to reward ratio is acceptable and take only that ratio or better.
Establish what entry models you will be looking for and using.

It is important to develop your own edge so that you can prove its functionality to yourself. You develop your edge in the market by generating a trade plan, observing the market and putting your plan into practice over time.

Basic ICT Concepts:

In general, we will continue to observe and note internal liquidity like Fair Value Gaps (FVGs), Breaker Blocks (BBs), external liquidity like highs/lows, equal highs/lows, Time-based liquidity levels from Asia, Europe and New York markets, Smart Money Tools (SMTs).

We note when our ICT concepts for price action occur. The “when” of price action is just as important as the “what”. The New York market tends to have the most liquidity and therefore makes the most moves. We also have macro timeframes within the market session to watch.

Putting an edge into practice.

On the weekly, daily and 4-hour timeframes, we look for internal liquidity like FVGs, BBs and external liquidity like highs/lows and equal highs/lows. These higher time frames give us a general idea of the market climate.

On the 1-hour timeframe, we are looking for market models to help us with a general market bias. We look for FVGs, lows/highs and time-based liquidity; targeting draws on liquidity and liquidity sweeps that have occurred. On the 1-hour timeframe we start to get an idea of the possible bias we want to target to trade that day. This could change as the day goes on depending on what we see; we need to be observers of the market.

We offer comprehensive mentorship, emphasizing fundamental principles crucial for success in this industry. Our program aims to instill a mindset that views trading as a disciplined pursuit, not merely a hobby or get-rich-quick scheme.

For many novice traders, sifting through this vast sea of information without prior expertise can be overwhelming. They often get caught up in searching for a "golden strategy," spending countless hours on YouTube videos designed to lure them in. Trust me when I say, it's not just about the strategy but about personal development.

I have been fortunate to seek guidance from accomplished traders through mentorship programs. Drawing upon my own journey of trials, perseverance, rigorous training, and eventual success, I've established a Discord community to share insights that have been instrumental in my own achievements and those I've mentored.

I want to express my heartfelt gratitude to my mentors for helping shape the trader I am today.

The information provided by DayTrading Edge is for educational purposes only. It should not be considered as financial or investment advice. DayTrading Edge does not endorse or recommend any securities, cryptocurrencies, or investment strategies. The content is provided for informational purposes only and is not a solicitation to buy, sell, or hold any security.

DayTrading Edge makes no representation or warranty as to the accuracy, completeness, or reliability of any information or content provided and shall not be liable for any loss or damage arising from any reliance on such information. The use of the information provided by DayTrading Edge is at your own risk.

Trading in securities, cryptocurrencies, or any other financial instruments carries a high degree of risk and may not be suitable for all investors. Before making any investment decisions, it is important to carefully consider your investment objectives, level of experience, and risk tolerance. You should always seek professional advice from a licensed financial advisor or broker before making any investment decisions.

DayTrading Edge and its coaches and staff shall not be liable for any losses or damages arising from or in connection with the use of the information provided by DayTrading Edge. Each member is solely responsible for any and all of their investment and trading decisions.

This disclaimer is subject to change without notice and is not intended to be exhaustive.

On the 15-minute we are considering structure, displacement, time-based liquidity sweeps and macros. We can come down for the 5-minute for these concepts as well. Taking note of these concepts on the 15-minute timeframe will give us a good idea of local price action

On the 3-minute down to the 1-minute we are looking for entry models.

On the 15-second we can manage active trades by watching liquidity and inefficiencies as they form to confirm the order flow.

Loading comments...