Perfect 1:3 ICT Strategy If You HATE Your Day Job...

Step-by-Step Tutorial: Perfect 1:3 ICT Strategy for Trading While Working a Full-Time Job

Overview:

This strategy, called the Power of Two, is designed for traders who work a nine-to-five job and have limited time to analyze lower time frames. It focuses on using the four-hour and 15-minute time frames for directional bias and entry signals.

Step 1: Understand the Strategy

• The strategy utilizes the four-hour time frame for directional bias and the 15-minute time frame for entry signals.
• The key components include identifying fractal highs and lows on the four-hour chart and using the Kill Zone indicator on the 15-minute chart for entry opportunities.

Step 2: Setting Up the Four-Hour Chart

1. Look at the current price and identify the horizontal array for the highest point and the most recent fractal low.
2. Determine if the most recent fractal high has been breached, indicating a potential reversal.
3. Wait for a bullish candle close to confirm a buy signal or a bearish candle close for a sell signal.

Step 3: Analyzing the 15-Minute Chart for Entry

1. Focus on premium versus discount levels on the 15-minute chart.
2. Look for entry signals during the London or New York Kill Zone.
3. Wait for price to liquidate and provide an entry opportunity within the Kill Zone.

Step 4: Executing Trades

1. Set alerts for potential entry signals on the 15-minute chart.
2. Place buy stops above candles that indicate liquidity sweeps for buy signals.
3. Monitor the trade without moving stops to break even and manage risk effectively.

Step 5: Managing Trades and Timing

1. Be patient and wait for setups during active trading sessions.
2. Avoid trading during dead zones to maintain discipline and routine.
3. Monitor the charts periodically throughout the day for potential trade opportunities.

Step 6: Reviewing and Exiting Trades

1. Evaluate the trade setups based on the strategy's criteria.
2. Consider exiting trades at break-even if necessary.
3. Aim for a consistent strike rate to achieve profitability over time.

Step 7: Further Learning and Support

1. Join the robot Builders club for automated trading solutions.
2. Explore additional resources and courses to enhance your trading skills.
3. Connect with the Trading Nut community for support and guidance.

Conclusion:

By following the Power of Two strategy and incorporating the recommended practices, you can effectively trade while managing a full-time job. Remember to prioritize risk management, patience, and consistency in your trading approach to achieve long-term success.