EASIEST Way to Trade ICT (Full Free ICT Course)

Introduction

This tutorial provides a comprehensive guide to trading using the ICT (Inner Circle Trader) methodology. Drawing on concepts from the free ICT course offered by Casper SMC, you will learn essential trading strategies, market structures, and risk management techniques. This approach is particularly useful for traders looking to enhance their skills and understanding of market dynamics.

Step 1: Understand ICT Market Structure

• Familiarize yourself with the basic principles of market structure.
• Identify key components:
  • Highs and Lows: Recognize swing highs and swing lows to determine market direction.
  • Trends: Differentiate between bullish and bearish trends.
• Use market structure to predict potential price movements.

Step 2: Learn About Fair Value Gaps

• Define Fair Value Gap (FVG) as the area between the high of one candle and the low of the candle before it.
• Identify FVGs on your charts to spot potential reversal or continuation points.
• Look for price action that approaches these gaps as a trading signal.

Step 3: Master ICT Order Blocks

• Understand order blocks as areas where significant buy or sell orders have occurred.
• Identify bullish and bearish order blocks on your charts:
  • Bullish Order Block: A down candle before a strong up move.
  • Bearish Order Block: An up candle before a strong down move.
• Use order blocks to inform your entry and exit strategies.

Step 4: Explore Breaker Blocks

• Recognize breaker blocks as previous order blocks that have been violated, indicating potential change in market sentiment.
• Use these blocks to anticipate price retracement and continuation.

Step 5: Utilize ICT Time and Price

• Understand the significance of timing in trading. Certain times of day may present better trading opportunities.
• Analyze historical data to identify when the market tends to be more volatile or stable.

Step 6: Develop Daily Bias

• Create a daily bias by analyzing market conditions and news events.
• Use this bias to determine whether you are looking for long or short positions during the trading day.

Step 7: Implement Market Maker Models

• Learn about market maker models to understand how institutional traders manipulate market prices.
• Apply these models to anticipate price movements based on expected behavior of market makers.

Step 8: Apply Entry Strategies

• Develop specific entry strategies based on the concepts learned.
• Consider using tools like limit orders at FVGs or order blocks for more favorable entries.

Step 9: Focus on Risk Management

• Establish clear risk management rules:
  • Determine the maximum percentage of your capital to risk on each trade.
  • Set stop-loss orders to protect against significant losses.
• Regularly review and adjust your risk management plan as needed.

Step 10: Create a Full ICT Strategy

• Combine all the elements learned: market structure, FVGs, order blocks, etc.
• Create a documented trading plan outlining your strategy, risk management, and performance evaluation.

Conclusion

By following these steps, you will gain a solid foundation in ICT trading techniques. Focus on mastering each concept and practice applying them in real or simulated trading environments. As you progress, consider joining trading communities or forums for support and continued learning. Happy trading!