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MUST HAVE ICT TRADING INDICATORS ON #TRADINGVIEW #ictconcepts
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The first indicator is One Sessions Setup For Life from malk1903
The second indicator is ICT NWOG/NDOG & EHPDA from @LuxAlgo
The third indicator is ICT Concepts from @LuxAlgo
What is ICT Trading?
ICT trading is a trading strategy developed by Michael Huddleston, also known as the Inner Circle Trader. It is a technical trading strategy that relies on chart analysis and market trends to make trades. This strategy is based on the idea that market trends can be predicted by analyzing price action, support, and resistance levels, order blocks and identifying key areas of liquidity.
The ICT trading strategy is divided into three phases:
Market analysis: This phase involves identifying the current market trend and the key support and resistance levels.
Trade setup: This phase involves identifying a trading opportunity that meets the ICT trading criteria.
Trade execution: This phase involves entering and exiting the trade in accordance with the ICT trading rules.
The ICT trading strategy is a relatively simple strategy to learn, but it can be difficult to master. It is important to practice the strategy on a demo account before trading with real money.
Here are some of the key concepts of ICT trading:
Price action: ICT trading focuses on price action rather than indicators. This means that traders look for patterns in the price movements of the market to make trading decisions.
Support and resistance: Support and resistance levels are important in ICT trading. Support levels are areas where the price is likely to find buyers, and resistance levels are areas where the price is likely to find sellers.
Order blocks: Order blocks are areas where large orders are placed by institutional traders. ICT traders look for order blocks to identify potential trading opportunities.
Liquidity: Liquidity refers to the ease with which a security can be bought or sold. ICT traders prefer to trade in liquid markets, as this makes it easier to enter and exit trades without affecting the price.
ICT trading is a popular trading strategy that has been used by many successful traders. However, it is important to remember that no trading strategy is guaranteed to be profitable. It is important to do your own research and practice the strategy on a demo account before trading with real money.
#tradingstrategy #innercircletrader
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