📚 This video provides a concise overview of the key concepts and strategies that new traders should focus on in the Forex market.
💡 The video covers topics such as liquidity raids, liquidity pools, ICT order blocks, entry points, targeting, and risk management.
🔑 By understanding these concepts and implementing the strategies taught in the video, new traders can avoid common pitfalls and improve their trading performance.
Focus on the open high low and close price points to understand the market.
Price action is fractal, meaning patterns can be seen on different time frames.
Studying price action and identifying equal highs and lows can be a useful strategy.
📊 Institutional traders focus on price action and the placement of buy and sell orders.
📈📉 Identifying double tops and double bottoms can help determine potential buy and sell points.
💰 New traders should aim for a target of 20-30 pips per week to start.
📚 New traders should exercise patience and discipline by focusing on waiting for the next set up and following trading rules.
📈 Price moves to levels where orders reside, such as above old highs and below old lows. Understanding Fibonacci can help determine optimal trade entry points.
💡 If the classic ICT optimal trade entry is missed, traders can still find opportunities by observing price balance and making informed decisions.
Traders should focus on entering the market above a certain price level to avoid chasing prices.
Identifying bearish order blocks can help determine low-risk entry points for short positions.
Market movements can be predicted by observing double tops and double bottoms and seeking liquidity in specific price ranges.
Using specific price levels to determine entry and exit points in Forex trading.
Anticipating a range of profitable movement based on two price points.
Executing a short trade and managing the position to maximize profit.
📊 Focus on entry points with zero drawdown and not chasing the price.
💰 Take small portions of the position, reducing risk along the way.
📉 Lower the stop loss as the price breaks down and lock in profits.