MMXM Trader V2 Forex Trading course- ICT Concept: 2.0 Higher TimeFrame

Step-by-Step Forex Trading Tutorial Based on ICT Concept: 2.0 Higher TimeFrame

Step 1: Understand the Importance of Higher Time Frame Analysis

• Higher time frame analysis involves looking at monthly, weekly, and daily charts to establish a bias for trading.
• Higher time frame bias is crucial for profitability and helps align with institutional order flow.

Step 2: Analyze Monthly Chart

• Start by analyzing the monthly chart to determine if the bias is clear.
• If the monthly chart is clear, move on to the weekly and daily charts.
• If the monthly chart is unclear, switch to the weekly chart for clarity.

Step 3: Identify Premium and Discount Levels

• Understand the concept of premium (sells) and discount (buys) levels within the trading range.
• Look for internal and external range liquidity pools for trade setups.

Step 4: Establish a Trading Protocol

• For a bullish scenario, look for a bullish draw on liquidity and aim to be in the discount of the range.
• Identify internal range liquidity pools and SM SMT formations for confirmation.

Step 5: Implementing Bearish Scenarios

• For a bearish setup, focus on a bearish draw on liquidity and selling in premium.
• Confirm market structure shifts with SM SMT formations.

Step 6: Analyze Weekly and Daily Charts

• Dive into the weekly and daily charts to identify trading opportunities based on the higher time frame bias.
• Look for changes in the state of delivery and market structure shifts for high probability trades.

Step 7: Utilize Premium and Discount Levels

• Mark out premium and discount levels on the charts for entry and exit points.
• Focus on internal and external range liquidity pools for trade setups.

Step 8: Confirm Market Structure Shifts

• Use SM SMT formations to confirm market structure shifts and changes in the state of delivery.
• Look for order blocks and liquidity pools for potential trade entries.

Step 9: Incorporate Bonds Triad Analysis

• Use the Bones Triad between DXY, bonds, and interest rates to understand movement in the dollar.
• Look for high probability reversals accompanied by SM SMT formations.

Step 10: Execute Trades

• Once all analysis and confirmation are in place, execute trades based on the identified setups and high probability areas.
• Monitor the trades closely and adjust risk management strategies as needed.

By following these steps and understanding the concepts of higher time frame analysis, premium and discount levels, and market structure shifts, you can enhance your forex trading skills and make informed trading decisions.