ICT Elements to a Trade Setup

Question 1

What questions do I need to ask myself for weekly bias?

weekly

Answer 1

1. Where do I think the last candle is moving towards?
2. What do I think will happen next week?
3. Where is my market likely to draw to?

Question 2

What things am I looking for on a daily chart?

Daily

Answer 2

Swing lows for bearish moves or swing highs for bullish moves.
Buy stops and sell stops
Imbalance or any other PD arrays.
Where is price likely to be drawn to?

Question 3

What do I need to look for on the hourly chart?

Hourly

Answer 3

Where are my buy stop and sell stop liquidities?
Do I see consolidation?
Do I see a fair value gap? Is there an order block?
What level do I think price is drawn to?

Question 4

Describe the anatomy of a stop hunt in a sell market?

Hourly

Answer 4

Anatomy of a Stop Hunt in a sell market:
1. Takes out sell stops causing traders to put in sell orders before reversing to
2. Take out buy stops causing traders to put is buy orders before reversing downwards (STOP HUNT)
3. Continuing onto it’s downward goal

Question 5

Describe the anatomt of a stop hunt in a buy market

Hourly

Answer 5

Anatomy of a Stop Hunt in a buy market:
1. Takes out buy stops causing traders to put in buy orders before reversing to
2. Take out sell stops causing traders to put is sell orders before reversing upwards (STOP HUNT)
3. Continuing onto it’s downward goal

Question 6

what do I do once price goes into a stop hunt?

15m

Answer 6

Go directly to two-minute time frame once price goes into a stop hunt.

Question 7

What am I looking for once I go into the 2-minute time frame?

2m

Answer 7

I am looking for:
1. Short term high (for sell) or short term low (for a buy)
2. Fair value gap
3. Break in market structure
4. Price returning to fair value gap

Question 8

how do I determine my target?

2m

Answer 8

1. Find the C.E. of the previous leg and look for a PD array (fair value gap order block)
2. Target 1 should be just beyond the CE
3. Target 2 could be just beyond the next liquidity level.

Question 9

How do I know if my trade is even worth taking?

2m

Answer 9

To know if my trade is even worth taking determine if I have a minimum of 10 handles to target 1.