Top 4 ICT/SMC Strategies to Make Money in 2024 (Full Course)

Introduction

This tutorial outlines the top four ICT/SMC strategies for making money in 2024, as presented by Mulham Trading. Each strategy is designed to help traders enhance their trading skills and increase profitability. Following these steps will equip you with practical tools and insights to start trading effectively.

Step 1: Asian Session Sweep Strategy

• Overview: This strategy focuses on capitalizing on price movements during the Asian trading session.
• Execution:
  1. Identify the Asian session hours (typically from 11 PM to 8 AM UTC).
  2. Monitor the market for price sweeps that often occur at the beginning or end of the session.
  3. Look for liquidity gaps created during the session that can lead to profitable trades.
• Tip: Use a reliable trading platform to track price movements accurately during the Asian session.

Step 2: Previous Day High/Low Strategy

• Overview: This strategy is based on the previous day's price action, focusing on breakout trades.
• Execution:
  1. Mark the previous day's high and low on your trading chart.
  2. Watch for price action that breaks through these levels.
  3. Confirm breakouts with additional indicators, like volume or momentum indicators.
• Tip: Set alerts on your trading platform to notify you of potential breakouts, ensuring you don't miss opportunities.

Step 3: ICT Silver Bullet Strategy

• Overview: This strategy utilizes a combination of market structure and price action to identify high-probability trades.
• Execution:
  1. Analyze the overall market trend to determine the direction.
  2. Use Fibonacci retracement levels to find potential reversal points.
  3. Enter trades at these levels with a clear risk management plan.
• Tip: Always combine this strategy with fundamental analysis to enhance your decision-making process.

Step 4: ICT MMXM Strategy

• Overview: The Market Makers Model (MMXM) strategy focuses on understanding the behavior of market makers.
• Execution:
  1. Identify key support and resistance levels that market makers might target.
  2. Look for price action patterns that suggest accumulation or distribution by market makers.
  3. Trade in the direction of the market makers' movements after confirming with other indicators.
• Tip: Keep an eye on economic news that might affect market conditions, as this can influence market maker behavior.

Conclusion

By following these four ICT/SMC strategies, you can enhance your trading skills and potentially increase your profits in 2024. Remember to practice risk management and continuously educate yourself about market dynamics. For further learning, consider downloading the related eBook mentioned in the video or exploring additional resources provided by Mulham Trading. Happy trading!