VIDEO
HIGHLIGHT
Log InSign up
ICT Forex - Target Selection & Profit Objectives
SummaryTranscriptChat

ICT Forex - Target Selection & Profit Objectives

Target Selection and Profit Objectives

In this section, the speaker discusses measuring bullish and bearish weekly targets and where to anticipate weekly highs and lows. The focus is on setting a premise for a bullish market before running target measurements from intraday price action.

Measuring Bullish Weekly Targets

  • Use the impulse leg to the high to run a fit from the lowest body open or close to the highest open body or closed.
  • Put horizontal lines in as objectives that could happen going into the new week.
  • Look for move beyond swing high to what levels it may reach.

Measuring Bearish Weekly Targets

  • Incorporate projection from low gear on Tuesday up to highest body open or close.
  • Measure movement lower to pick up by orders and determine how far up will we reach in terms of price objectives.

Overlapping Fibonacci Levels

This section focuses on overlapping or confluence of Fibonacci levels in the form of extensions. The speaker looks at projections from previous swings and measures overlaps between them.

Incorporating Previous Highs

  • Incorporate previous high with projection from low gear on Tuesday up to highest body open or close.
  • Look for overlaps between projections from previous swings.

Equilibrium Concept

  • Draw horizontal line at target 2 which lies directly in the middle of two other targets.
  • Take another measurement of highest open or close in swing and see if there's any confluence with other measurements.
  • Allow price to move about 10 to 15 pips depending upon type of market structure.

Understanding Price Swings

In this section, the speaker explains how to identify significant price swings and subordinate price swings within them.

Identifying Significant Price Swings

  • The parent price swing is more significant than a subordinate price swing.
  • Look for the lowest open or closed up to the highest open or closed in a price swing.
  • Measure every price swing that moves slower and look for extensions.

Finding Confluences

  • Look for confluences where multiple levels overlap.
  • Identify areas where they start to converge.
  • Determine which level to target based on personal preference.

Setting Profit Objectives

In this section, the speaker discusses how to set profit objectives by identifying areas of confluence using Fibonacci retracements.

Identifying Areas of Confluence

  • Measure all possible overlaps of Fibonacci retracements.
  • Look for an agreement on a specific area.
  • Pick a 5 level or zero level as close as possible to an institutional level.

Setting Profit Objectives

  • Use personal preference when deciding which level to target.
  • Institutional levels are preferred targets.
  • Consider missing out on some of the move if necessary.

Identifying Sell Opportunities

In this section, the speaker explains how to identify sell opportunities by looking for movement up that is meant to be gathering cell entries.

Identifying Movement Up

  • Focus on movement up that is meant to be gathering cell entries.
  • Look for overlapping areas using Fibonacci retracements.

Understanding Price Swings

In this section, the speaker discusses the overall price swing and how to identify confluences.

Identifying Confluences

  • Look for initial confluence and net parent price swing.
  • Identify lowest open or close, open or closed, and swing high to find symmetrical price swings.
  • Use Fibonacci extensions on optimal trade entries.

Measuring Dynamic Price Move

  • Measure the overall price swing from high to low using the bodies of candles.
  • Shade in an area with overlapping fibs as a target selection purpose.

Profit Target

  • Take profit at 120.689 or 120.695.
  • Consider spread when setting profit targets.

Exiting Trades

In this section, the speaker discusses exiting trades and why it's important to use Fibonacci correctly.

Exiting Trades

  • Leave a little bit on when exiting trades.
  • Don't demand getting to very lowest low.

Using Fibonacci Correctly

-[]( t = 0 : 19 : 20 s ) Use bulk of volume with bodies of candle instead of wicks.

Weekly Objectives

In this section, the speaker provides insights on how to identify a highly probable target for weekly objectives.

Identifying a Highly Probable Target

  • The speaker suggests that traders should look for areas of consolidation and accumulation as potential targets.
  • He advises traders to use moving averages to identify these areas and determine whether they are strong or weak.
  • The speaker also recommends using Fibonacci retracements to identify potential targets.
  • Finally, he suggests that traders should pay attention to key levels of support and resistance when identifying potential targets.

Conclusion

  • The speaker concludes by wishing the audience good luck and encouraging them to visit his website for more information.
Playlists: ICT Forex - Market Maker Primer Course
Video description

IM Academy, Tradehouse, I Markets Live… the list goes on with these frauds educators. Stop paying for these poor copycats of my free lessons on Forex Trading, found right here. Are you ready to learn actual Market Maker concepts from the Source of it all? So many on the internet parrot my lecture notes or talk from my teachings in verbatim & pretend to be “Institutional Traders”… it’s ridiculous. None of these people know how to trade, or even teach my creations correctly. Grab some note taking resources and get comfortable. I am going to open your eyes to the Truth of the markets. The essential lessons required to understand Market Maker Concepts by the Originator, namely me, circa. 1996.