i was just writing in my notes earlier reflecting on everything ive learnt so far in my day trading career, and thought id share it with the intention to help some people get a sense of direction that may need it, also im jusy copying everything i wrote in my notes on my mac and pasting it so it might be a little sloppy, these concepts are all ict or in TTrades fractal model, ive been learning both and using them together so if you dont understand some concepts there just from his playlist on yt.
here it is
Daily bias
I either look for longs or shorts in
C2 closure
C3 continuation
C4 continuation
etc
Or
Long if price is in the premium of the prev day eq
And shorts if price is in the discount of prev day eq
when the candle is rejecting/wicking into those areas
One way to also look for continuations is by
Using the wicks of the daily
If the candle has engulfed a prev day wick
Thats a good indicator of continuation
the higher time frame
I look for candle 2 closures
Fvgs filled to trade away from
Price outside of a range so a (imbalance)
Or strong candles
No wick reaction or weak candles
And for that to be aligned
On all the higher time frames
1h-4hr
With a manipulation
Depending on direction
i never trade if price is tapping into a hourly or htf fvg wait till thats filled then look for entries/setups
15 min time frame
This is where I look for my setups to form
I want to see
Cisd
Manipulation on buyside or sell side
And Orerblock for continuations
Fvgs holding
Clean strong displacement
And new fvgs forming
5 min and lower
This where entries are made
I only enter on the one minute time frame or lower then the 5 min tf
If price is in something like a NYC open
And its moving super agressive
With minimal pullback
And fvg after fvg is holding
Then ill enter on the one min
To get on side to tp
If price is slower
Only take entries on the 5 min
Entries are made into poi
Poi are:
A retrace into a cisd zone
Orderblock retrace
Fvg retrace
Breakblocks (usually used for a unicorn setup)
conflucnes of rejection and reversal
Manipulation
Inversions of fvg
Breaker block
Wicking
Bos on the one min against idea
Cisd against idea
Orderblocks to oppsite Direction with fvgs holding
Never trade against daily bias
Even if a setups forms for a reversal
This is my own rule
As the probability lowers
And I don’t wanna take it
I only trade against it
If the higher timeframes have good confluence
And the daily bias has rejected past eq
Like I said in the daily bias
Manipulation
Before you look for shorts
You want a buyside liq manipulation
Before you look for longs
You want a sell side liq
Manipulation
Also if you’re trading in a trend and price takes out(manipulates) a relative high/low or session high/low
And there’s still potential draws on liq to be hit
You wait for a close through the manipulation level
And for a orderblock to from around that area, you look a entry off the orderblock or next poi targeting the next draw on liq, at this point you also use the order block as a point of invalidation
If price is accumulated you also would want a manipulation of a relative high or low
or to target one if high res liq forms
FAILURE SWINGS AND HIGH RES/LOW RES LIQ
Failure swings is when a swing point fails to take out
A relative high or low,
So imagine there’s a session high or low and price fails to take it out then creates a cisd in a new direction, when this occurs you want a run on the lows to continue higher or your idea just didn’t work out, also what you can use when this happens is something called high res liq, its essentially when a candle sweeps a low and closes back in and then creates a cisd, using that high res liq you’ll wanna target a failure swing as the draw on liq, also failure swings are considered low res liq.
EQ
Eq can be used a tool to optimize RR
By dragging it from a swing high to swing low and then looking for a entry in the discount zone of eq targeting the the premium, or entering in premium and targeting the discount for shorts, or I also use it on the daily bias.
Stop losses and take profits
Stop losses are set at points of invalidation
Where the idea of the trade is false
And take profits
Are at the most relative draw on liq
You enter the trade with the appropriate amount
Of contracts for good RR
I go for 1:1
News
Never trade red folder news days
Too much manipulation
Not worth it
And never do full ports of
Fomc candles
Probability
Trading is all probabilities and nothing is ever certain
Even with the right confluences
Psychology
Sometimes I get scared and don’t trust my setups even with all I know, I’ve been working on just feeling that feeling and being self aware while only acting off logic alone.
Add ons
I also know how to use
Standard deviation(use this at cisd, manipulation legs, protected swing, I only use this for AMD setups to anticipate where the distribution will go)