ICT - Mastering High Probability Scalping Vol. 2 of 3

Welcome and Daily Bias Overview

In this section, the speaker introduces the topic of mastering high probability scalping focusing on previous day bank liquidity runs and explains the concept of daily bias.

Understanding Daily Bias

• On a daily chart, wait for a bullish signal by observing a swing high being broken.

• After a swing high break, anticipate a future buying opportunity by waiting for a specific criteria - a swing low to form.

• The swing low should not break any recent previous swing lows to confirm an optimal trade entry scenario.

• Anticipate the market momentum to rise after the formation of a swing low following a retracement.

Bullish and Bearish Scenarios

This section delves into identifying bullish and bearish scenarios based on market structure changes.

Bullish Scenario

• Expect price to run through previous day's highs until a swing high forms or key support/resistance levels are reached.

Bearish Scenario

• For bearish conditions, wait for a daily swing low to be broken indicating potential selling opportunities.

Trading Setups Frequency

The speaker addresses the frequency of trading setups and managing expectations regarding setup availability.

Trading Setup Frequency

How to Double Your Account with 25 Pips per Week

In this section, the speaker discusses the strategy of aiming for 25 pips per week to double your account and achieve a 6% monthly return.

Aiming for 25 Pips Weekly

• Aim for about 25 pips per week to double your account.

• Risking 2% of your account may be high but can lead to significant growth.

• Realistic objective for new traders is to aim for consistent weekly gains.

Trading Strategy Based on Scalping Setups

The speaker introduces a trading strategy based on scalping setups and focusing on specific days for trading.

Scalping Strategy

• Framing scalps to aim for 25 pips per setup can lead to consistent gains.

• Preferably trade on Tuesdays and Wednesdays if weekly objectives are met early.

Analyzing Price Action and Market Movement

This part covers analyzing price action, market movement, and identifying potential setups based on daily chart patterns.

Price Action Analysis

• Anticipate market movements based on bullish or bearish scenarios during the week.

Filled at Well Just Rounded to 130.20

The speaker discusses the potential gains in pips from trading and setting targets for weekly returns.

Setting Targets for Trading

• Gaining around 40 pips from a trade, aiming for a total of 50 pips net return per week.

• Emphasizing the importance of setting goals based on probabilities in the market.

• Considering intraday setups and aiming for 25 to 50 pips per trade.