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Targets With Standard Deviation Projections - ICT Concepts
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Targets With Standard Deviation Projections - ICT Concepts

Standard Deviation Projections

In this video, the speaker explains how to use standard deviation projections to identify price action and project targets. They discuss using a higher time frame PD array, short-term highs, and Fib projections to determine targets.

Using Standard Deviation Projections

  • Look for a short-term high formed move over that high and then back into the range shifting structure bearish.
  • Ideally looking for the 2 to 2.5 standard deviations as a Target and then the fourth standard deviation as a Target.
  • After price hits the fourth standard deviation, look for a retracement back into the range if it makes sense.
  • Use FIB settings on screen for projection.

Example 1: One Hour Fair Value Gap

  • Higher time frame PD array is one hour fair value Gap above here with buy side liquidity resting here.
  • Look for displacement over this High likely to go a little bit higher reaching off this order block.
  • Draw from high of manipulation leg to low of it and use projection to project out targets.
  • Expect reaction back in range after hitting targets.

Example 2: Hourly Chart Price Action

  • Mean threshold of an order block with short term low right below it.
  • Good confluence between projected target and high at 2.5 standard deviations.
  • Price reaches projected target and may reach fourth standard deviation.

Example 3: Daily Chart Order Block

  • Watching level at order block or where fair value gut fills at 39 48.75 going.

Using Standard Deviation Targets for Trading

In this section, the speaker discusses using standard deviation targets for trading and how they can be useful.

Standard Deviation Targets

  • The speaker explains that there are two standard deviation targets: one at the first standard deviation and another at the second standard deviation.
  • The first standard deviation target is shown on a chart, along with a fair value gap and buy side liquidity.
  • The speaker suggests entering a trade somewhere in between the fair value gap and buy side liquidity, with a stop loss in place.
  • If there is an aggressive move upwards, the speaker recommends targeting the second standard deviation target.
  • If there is no aggressive move upwards, then the price may fall back down to buy side liquidity or even lower.

Example of Use

  • The speaker provides an example of how these targets can be used in practice.
  • They suggest looking for a move higher on a five-minute chart during lunchtime, followed by a retracement before the PM session starts.
  • Ideally, there would be a dip down into the fair value gap before going higher again towards the second standard deviation target.

Conclusion

In this final section, the speaker concludes their discussion on using standard deviation targets for trading.

Final Thoughts

  • The speaker thanks viewers for watching and invites them to leave any questions in the comments below.
  • They emphasize that these targets can be useful without structure aligning.
Video description

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