ICT Trading Course Summary
Introduction
- Presenter: Jesse
- Transition from losing to making over $100,000/month.
- Simplified course on ICT (Inner Circle Trader) strategies.
- Focus on practical methods rather than overcomplicated jargon.
Key Topics Covered
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Market Structure
- Highs and lows selection.
- Importance as the foundation of analysis.
- Manipulation and displacement concepts.
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Trade with Smart Money
- Identifying smart money manipulation.
- Liquidity areas and manipulation.
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Implied Volatility and Fair Value Gaps
- Displacement and fair value gaps.
- Market movement from internal range liquidity to external range liquidity.
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Impulse Structure
- Not all structures are equal.
- Differentiating between manipulation and displacement.
- Using higher and lower time frames for trading context.
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Premium and Discount Concept
- Buying at discounts and selling at premiums.
- Use of FIB tool to mark premium and discount zones.
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Order Blocks and Manipulation Blocks
- Defining and using order blocks.
- Jesse’s concept of manipulation blocks.
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Breaker Blocks
- Identification before raids on liquidity.
- Engulfing technique and unicorn models.
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Time and Price Analysis
- Understanding the market cycle: accumulation, manipulation, distribution.
- Using time to predict market behavior.
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Daily Bias and SMT Divergence
- Determining daily bias through displacement and market relationships.
- SMT Divergence as a tool for confirming market direction.
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Market Maker Models
- Visualizing retracements and expansions.
- Identifying market side curves and confirming biases.
Trading Plan and Execution
- Developing a bias checklist.
- Weekly and daily analysis for bias.
- Importance of economic calendar.
- Entry checklist: market structure shift, SMT divergence, inverted fair value gaps.
- Risk management strategies.
Conclusion
- Importance of continuous learning and practice.
- Free resources and community support offered by Jesse.
- Encouragement to understand and apply concepts for profitable trading.
These notes capture the main ideas and strategies discussed in Jesse's ICT trading course, providing a comprehensive yet simplified guide to understanding and applying ICT strategies in trading.