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Understanding ICT Silver Bullet Trading Setup

May 19, 2025

ICT Silver Bullet Trade Setup Lecture Notes

Overview

  • Discussion on ICT Silver Bullet trade setup
  • Time-based algorithmic trading model
  • Applicable to all asset classes

Key Concepts

Ticks, Points, and Pips

  • Index Futures/Indices: Minimum trade framework is 10 points or 40 ticks
  • Forex pairs: Minimum trade framework is 15 Pips
  • Framework represents best-case price delivery, not actual trade entry/exit range

Framework Importance

  • Not focused on perfect entry/exit precision
  • Importance of having a forgiving model
  • Example conversion: 10 handles in indices = 20 Pips in Forex
  • Emphasis on high probability trade setups

Types of ICT Silver Bullet Setups

  • Previous Day High/Low as Draw on Liquidity
    • Bullish: run to previous day’s high
    • Bearish: run to previous day’s low
  • Previous Session High/Low as Draw on Liquidity
    • New York session reference to London session highs/lows
  • Previous Weekly High/Low
  • New Week Opening Gap
  • ICT Optimal Trade Entry & Fair Value Gap
    • 2022 ICT Mentorship YouTube model

Trading Setups

Time Windows

  • 3:00 AM - 4:00 AM: London Open Silver Bullet
  • 10:00 AM - 11:00 AM: AM Session Silver Bullet
  • 2:00 PM - 3:00 PM: PM Session Silver Bullet

Examples

  • 3:00 AM - 4:00 AM Setup
    • Focus on fair value gap
    • Determine potential for 10 handles
  • 10:00 AM - 11:00 AM Setup
    • Observe E-mini S&P
    • Identify relative equal lows and fair value gap
  • 2:00 PM - 3:00 PM Setup
    • Focus on higher time frame fair value gaps
    • Look for market structure shifts

Trading Strategy

  • Focus on determining the next likely draw in price action
  • Minimize importance on entry/exit precision
  • Use time-based setups for high-probability conditions
  • Backtesting recommended for beginners

Final Thoughts

  • Aim to be independently minded
  • Specialize in one or two markets
  • Consistency with setups in a 60-minute window
  • Avoid relying on external sources after mastering the model

Conclusion

  • The ICT Silver Bullet model is designed to empower traders with a repeatable and reliable trading strategy focused on time and price. Use this model to build discipline and confidence in trading decisions.