Summary of "Finding Entries Into Trend - ICT Concepts"
Summary of "Finding Entries Into Trend - ICT Concepts"
In this video, the speaker discusses methods for entering trades in trending markets, focusing on the concepts of inducement, mitigation blocks, and fair value gaps. The speaker defines a trend as an aggressive move toward an objective, emphasizing the importance of recognizing price action that supports this definition.
Main Ideas and Concepts:
- Definition of Trend: An aggressive price movement towards a specific objective, such as a point of interest or order block.
- Entry Methods: The speaker outlines four primary ways to enter a trend:
- Inducement Setup:
- In a bullish trend, look for a raid on stop losses followed by a return to the range before entering long.
- In a bearish trend, identify a high that has been run, then wait for a return to the range before entering short.
- Mitigation Block Entry:
- For bullish entries, wait for a down close candle in an upward trend. Enter on a retest of the high or the candle's open, placing a stop at the candle's low.
- For bearish entries, follow a similar approach, entering on a retest of the high after a down close.
- Cheat Code Entry:
- Enter long immediately after the close of a bullish candle, with a stop placed just below the candle.
- For bearish entries, enter short at the open of the next candle after a bearish close, with a stop placed above the high.
- Fair Value Gap Setup:
- Identify fair value gaps during a trend but avoid direct entries from them due to wide stop losses. Instead, move to lower time frames (e.g., 15 seconds) to find more precise entry models.
- Inducement Setup:
Detailed Bullet Points of Methodology:
- Inducement Entry:
- Bullish:
- Look for a stop raid followed by a return to the range.
- Target the previous high or further objectives.
- Bearish:
- Identify a high that has been run, then wait for a return to the range.
- Target lower objectives.
- Bullish:
- Mitigation Block Entry:
- Bullish:
- Wait for a down close candle in an uptrend.
- Enter on a retest of the high or the candle's open with a stop at the candle's low.
- Bearish:
- Similar entry process as bullish, but in a downtrend.
- Bullish:
- Cheat Code Entry:
- Enter long at the open of the next candle after a bullish close.
- Enter short at the open of the next candle after a bearish close.
- Fair Value Gap Setup:
- Identify fair value gaps but avoid direct entries.
- Use lower time frames to find precise entry points, ensuring tighter stop losses.
Conclusion:
The speaker emphasizes the importance of understanding price action and using specific setups to enter trades effectively in trending markets. The video aims to provide viewers with actionable strategies for trading based on these concepts.
Speakers/Sources Featured:
- The main speaker (not named in the subtitles) discusses the ICT (Inner Circle Trader) concepts related to trading trends.
- A friend named Austin is mentioned in relation to the "Cheat Code Entry" concept.
Category
Educational