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ICT Daily Bias - The Only Video You Will Ever Need!
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ICT Daily Bias - The Only Video You Will Ever Need!

[Music] How to Use Daily Bias and Draw on Liquidity

In this section, the speaker discusses the concepts of daily bias and draw on liquidity using previous day highs and lows as key reference points.

Understanding Daily Bias and Draw on Liquidity

  • The daily bias and draw on liquidity can be framed using the previous day's high and low.
  • Previous day high and low serve as liquidity pools for framing reversals in price movements.
  • Reversals can be anticipated based on interactions with previous day highs and lows, guiding future price movements.
  • Examples are provided to illustrate how previous day highs and lows influence bias and liquidity drawing in trading decisions.

Applying Concepts in Trading Scenarios

  • Analyzing price movements relative to previous day highs and lows helps determine bullish or bearish biases.
  • Observing whether price breaches or respects previous day highs or lows aids in predicting potential market directions.

Using Previous Week's Highs and Lows for Reversals

This part delves into utilizing the previous week's high and low levels to anticipate reversals in trading scenarios.

Leveraging Weekly Highs and Lows for Analysis

  • Incorporating the previous week's high and low levels provides additional insights into potential market reversals.
  • Marking out weekly ranges assists in framing drawn liquidity scenarios for trading decisions.

Implementing Strategies Based on Weekly Levels

  • Monitoring how price reacts around the previous week's highs and lows guides decision-making processes.

Formation of Bullish Reversal Candle

The speaker discusses the formation of a bullish reversal candle and its implications for market direction.

Analyzing Market Movement

  • A bullish reversal candle suggests a potential move towards the previous week's high.
  • Swing points and liquidity draw are essential for framing market movements.
  • Utilizing old highs can help predict reversals in price trends.

Understanding Price Displacement and Next Day Model

This section delves into the concepts of price displacement, swing points, and utilizing the next day model for forecasting market movements.

Price Displacement and Bias Prediction

  • Failure to displace under swing points indicates an upward bias.
  • Observing price actions post-displacement aids in predicting future market directions.

Application on DXY Daily Chart

Applying the discussed concepts on the DXY daily chart to illustrate practical implementation.

Practical Application on DXY Chart

  • Inability to breach previous day lows hints at potential upward movement.
  • Market behavior around drawn liquidity points guides future price expectations.

Utilizing Swing Points and Structure Analysis

Demonstrating how swing points, previous day highs/lows, and structure analysis contribute to narrative framing in trading decisions.

Narrative Framing through Analysis

Understanding Price Action for Trading Strategies

In this section, the speaker discusses analyzing price action to determine trading strategies, focusing on identifying key levels and trends in the market.

Analyzing Previous Day's High and Low

  • Analyzing the range between the previous day's high and low or using just the previous day's high and low for reference.
  • "We fail to close over this previous day high."
  • Exploring swing points in the market.

Utilizing Hourly Time Frame

  • Transitioning to the hourly time frame to observe market movements.
  • Noticing a stop hunt into a fair value gap.
  • Observing price action during London session for potential entries.

Trading Strategies Implementation

  • Implementing trading strategies based on fair value gaps and key levels.
  • Entering at fair value gap with stop loss at high, targeting previous day low or swing point.
  • Demonstrating how price movement aligns with identified levels.

Implementing Next Day Model for Trade Bias

This section delves into utilizing the next day model to establish trade bias by analyzing market behavior around key levels.

Applying Next Day Model

  • Applying the next day model to predict price movement based on current trends.
  • Marking out swing points for future reference.
  • Identifying hourly fair value gaps as potential entry points.

Executing Trades Based on Bias

  • Executing trades aligned with established bias using identified entry and exit points.
  • Setting stop loss and profit targets based on risk-reward ratios.
  • Monitoring trade progression towards set targets.

Conclusion: Practical Application of Trading Strategies

The conclusion highlights practical examples of applying trading strategies discussed earlier, emphasizing the importance of understanding market dynamics for successful trading outcomes.

Practical Trade Examples

  • Demonstrating New York session and London session trades using the next day model approach.
Video description

In this video I will be covering Daily Bias. Daily bias can be a frustrating concept and I look to simplify it in this video. 📈Access to my course and mentorship! https://themarketlens.com/ 🚀 Get access to my custom indicator : https://ttradesmodel.com/ 📊20% off Journaling & Backtesting Software! Use code TTRADES ! https://tinyurl.com/TradezellaTTrades 👉Find the best prop firm deals here : https://selectpropfirm.com/ _50k Starter accounts at MyFundedFutures are now only $76 with no activation fee!! Use code SELECT https://myfundedfutures.com/?ref=4894_ _80% off with Apex! Use Code SELECT https://apextraderfunding.com/member/aff/go/selectpropfirm_ _Straight to funded accounts use code: SELECT https://tradeify.co/ref/SELECT/_ _10% off Funded Next! No monthly fees! Use code : SELECT https://fundednext.com/?fpr=select-prop31_ 🕐Multi asset investing + earn rebates on stock/etf options contracts: http://bit.ly/44IHvXn Join my Free Telegram! https://t.me/learnfromttrades Join my Free Discord! https://discord.gg/ttrades-community-1121090664453652593 All other Links : http://ttradesedu.com/ On some of the links above, I may earn a commission if you click and make a purchase. 0:00 Intro 00:26 Previous Day High & Low 1:59 Examples 4:56 Previous Week High & Low 5:28 Examples 7:21 Swing Points 7:54 Failure To Displace 8:16 Next Day Model 9:22 Examples 13:46 Top Down Example 1 16:16 Top Down Example 2 18:05 Outro The MMXM Trader: https://twitter.com/theMMXMtrader ICT 2022 Mentorship: https://youtube.com/playlist?list=PLVgHx4Z63paYiFGQ56PjTF1PGePL3r69s #ict #trading #education #forex #futures #daytrading CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Other fees may apply. See Public Fee Schedule https://public.com/disclosures/fee-schedule Brokerage services are offered by Open to the Public Investing, member FINRA & SIPC. Review Options Rebate Terms https://public.com/disclosures/rebate-terms. Options trading carries significant risk and may not be suitable for all investors. Please read and understand the Characteristics and Risks of Standardized Options before trading. Learn more at http://public.com/ODD