Notes
- This lecture covers an example of an intermediate-term trading plan.
- It’s focused on a higher time frame trading strategy rather than intraday or scalping, requiring more patience.
- We must determine if the market is in a risk-on or risk-off state on any given day. If it’s risk-on, we look for buy opportunities at support levels, while if it’s risk-off, we look for sell opportunities at resistance levels.
- On smaller time frames (60-minute, 15-minute, 5-minute), we look for price to trade to the key support or resistance levels identified on higher time frames.
- Michael shows a practical application of this plan, using treasuries, yields, stock indices, and selected currency pairs.
- He uses barchart.com to view bond and currency market charts.
Trading Intermediate Term - General Market
Trading Intermediate Term - Anticipatory Stage
Trading Intermediate Term - Execution Stage
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