Preparation is Key 🗝️
Importance of pre-market analysis and planning.
- Economic calendars used to identify high-impact news releases that drive volatility.
- ICT Concepts in Focus
- PD Array Matrix, institutional reference points (old highs/lows).Specific trading setups, such as the "TGIF" setup.
- Technical Analysis-Driven
-Tools include Fibonacci retracements, fair value gaps, order blocks, rejection blocks, and market structure analysis.
-Multi-Timeframe Approach
-Higher timeframes for trade management; lower timeframes for execution.
-Risk and Trade Management
-Aggressive stop loss placement, taking partial profits, and smoothing equity curves.Emphasis on protecting capital over ego-driven decisions.
-Most Important Ideas
-High/Low of the Week
-Weekly highs/lows are often formed early in the week (Monday-Wednesday), guiding trade anticipation.
-Economic Calendar as a Tool
Viewed as a "treasure map" for identifying market-moving events like CPI releases.
-PD Array Matrix
-Central to analysis; identifies bullish/bearish PD arrays based on price relative to key levels.
-Time as a Critical Factor
-Trading effectively with only price and a clock is possible.
-Market Structure Shifts
Recognizing breaks in market structure is vital for pinpointing entry points across timeframes.
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