Notes
- A big range day is typically followed by a smaller range day as the market needs time to consolidate.
- In an ideal scenario, we want to see one high- or medium-impact report during the London session. No more.
- We use a 15-minute chart to assess whether the market consolidated during the CBDR or Asian session.
- We always wait for specific market conditions. If we trade outside these conditions and lose money, it is a sign of a lack of discipline and a tendency to gamble.
- We don’t trade every day. We only trade when the probabilities are on our side. In other words, when highly probable conditions are present.
- If you do not have filters and rules, you will overtrade. You might catch a move, but in the long term, you will not be helping yourself or your trading account.
- The slides below should be approached as a checklist for trading the London session. They will help you decide whether or not to trade on a given day.
- We are going to miss moves when the conditions are not ideal, and that’s fine. We look for the highest probability and the easiest days.
- This is a lesson that helps you build a winning mindset.
- If we cannot clearly see when the protraction state is happening and when the manipulation is happening, then what are we doing in the marketplace? It’s gambling! Gamblers make money sometimes, but they don’t make a living.
When To Avoid The London Session
When To Avoid The London Session - What Characteristics Does ICT Look For
When Is London Open Killzone Ideal
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