ICT Daily Bias - The Only Video You Will Ever Need!

Summary

Highlights

• Learn to use previous day highs and lows to set your daily trading bias 🕵️‍♂️.
• Utilize weekly range markers to identify reversals and liquidity targets 🔎.
• Implement the next day model for predicting bullish or bearish trends 📊.
• Understand swing points and how to form draw on liquidity strategies 🎯.
• Explore practical trading examples in London and New York sessions for real-world application 🌍.

Key Takeaways

• Daily bias can be framed using previous day highs and lows for predicting market movements 📈.
• Weekly high-low ranges and swing points offer insights for potential market reversals and liquidity draws 🔍.
• The next day model aids in forming daily trading predictions by utilizing previous highs, lows, and PD arrays 📅.
• Understanding swing points and displacement is crucial in developing a solid trading strategy ⛳.
• The video provides practical examples to demonstrate the effectiveness of these trading strategies in different market sessions 🕒.

Overview

Chapters

• 00:00 - 00:30: Introduction and Overview The chapter titled 'Introduction and Overview' focuses on the educational video content related to daily bias and drawing on liquidity. The video includes a walkthrough of a PDF document and provides various examples to elucidate these financial concepts. The speaker of the video also expresses gratitude towards the n9xm trader for imparting knowledge about these concepts as well as his next day model. The simplest method to approach drawing on liquidity or establishing a daily bias is highlighted as a core part of this chapter.
• 00:30 - 09:00: Using Previous Day Highs and Lows The chapter discusses strategies related to previous day highs and lows. It explains that if the price does not consolidate, it is likely to either hit the previous day's high, low, or both. When the market is trending upwards, it is expected that the price will reach the previous day's high. This movement is referred to as a 'draw on liquidity.'
• 09:00 - 14:30: Using Previous Week's Highs and Lows In this chapter, the concept of using previous day's highs and lows in trading is discussed. It explains how previous day high and low levels can serve as potential liquidity pools that indicate possible reversals in price trends. For instance, if the price reaches a previous day's high but cannot move above it, the price is likely to reverse. Similarly, if the price goes below the previous day's low but cannot sustain, it may come back into the range, serving as an indication for traders to watch for these levels for potential trading opportunities.
• 14:30 - 21:30: Swing Points and Next Day Model The chapter discusses swing points and a next day model in trading, focusing on the movement of price around previous day highs and lows. It highlights a pattern where a reversal is identified when the price cannot break past a previous day's high or low. The expectation is for the price to move towards the opposite swing point (high or low) the next day. The concept includes the idea of reaching for drawn liquidity, and the chapter suggests examining charts for practical examples.
• 21:30 - 29:30: Example Analyses and Trades The chapter discusses using previous day highs and lows to frame trading bias and identify liquidity draws. It provides examples of scenarios where price closes above the previous day's high, suggesting a potential for the price to move higher. The emphasis is on using these historical highs as points of interest for traders, highlighting the strategy of allowing the price to move forward and identifying similar patterns to predict future price movements.
• 29:30 - 30:30: Conclusion The conclusion chapter discusses the importance of reaching and closing below the previous day's low in trading. It emphasizes observing the market's movement regarding previous lows to confirm biases, using a scenario where the market falls back, reaches, and closes below the previous day's low as a point of analysis. The chapter reinforces the need to monitor if these patterns repeat, which influences trading decisions and future strategies.

ICT Daily Bias - The Only Video You Will Ever Need! Transcription

• 00:00 - 00:30 foreign [Music] how's it going everyone this video is going to be over daily bias and draw on liquidity we'll go through the PDF and then a bunch of examples and before we get into it I'd like to give a big thank you to the n9xm trader for teaching in many of these Concepts as well as his next day model the easiest way to frame a draw on liquidity or have daily bias is using
• 00:30 - 01:00 previous day high and low so for example up here unless price is going to consolidate and not take out the low or the high of the previous day we are going to have it either take previous a high previous day low or both of these so the way I look at it is price more likely to take previous day high or previous state low in this case I would expect price to be reaching for a previous day high as we are trending upwards so that would be my draw on liquidity similarly over here we are
• 01:00 - 01:30 trending down so I'd expect price to reach for previous day low previous day high and low can also be used as liquidity pools to frame a reversal so for example here we reach into this previous day high we can't displace above it and price reverses similarly over here we reach below this previous day low canvas place and we come back in the range so for example here just using previous day highs and lows we have our previous day high
• 01:30 - 02:00 a reversal is framed off a previous day high from here since we close back in I'm expecting price to reach for previous day low as shown here we reach for this previous day low the next day A reversal is framed off of this previous day low as it cannot displace below now from here I'd expect the next day to reach for this previous day high and continue to reach for previous day high until a drawn liquidity is met so let's hop into the charts and look at a few examples of this so in this example
• 02:00 - 02:30 we're just going to take a look at using previous day highs and lows to frame bias or a drawing liquidity so for example here we have our previous day high and we closed above it so I would like to see price move higher and easy draw would be this previous day hi letting price move forward we close over it again so another easy drawn liquidity would be this previous High right here we take our previous high but
• 02:30 - 03:00 we can't close over it we fall back in So now I'd want to see if previous day low gets taken in my drawn liquidity or my bias would be short so now we reach and close below and now I want to see do we close or reach below previous state low right there we reach below previous day low and close so now I want to see do we reach below previous day low again reach below previous day low and close
• 03:00 - 03:30 so I want to see if we take previous day below again right here you can see we take previous day low don't close outside the range so now I would want to see a move higher or a reach per previous day high close outside the range so bullish or reach for this previous day high right there we actually Gap above it come back in the range so this would be bearish for me so I'd want to see if we reach for this previous day low
• 03:30 - 04:00 right here we do but we can't close outside this range so now I'd want to see previous day high or be bullish right here you can see we actually took the low and the high and so what I look for here is we swept this low couldn't close below it and we actually take previous day high and close outside of it so from here I would be looking for previous day high
• 04:00 - 04:30 and then we get a very large candle up expecting some sort of consolidation but if we don't stay inside I'd want to see previous day high right here you can see we took previous day high so now I'd want to look towards previous day low close below there so where would I want to see previous day high or be bullish and there we go close out so then once
• 04:30 - 05:00 again can look for previous day high goes over that you can look for previous day high and you guys get the point by now now it won't be like this every day but I hope you can see how just using previous day highs and lows I can frame an easy drawn liquidity bias or an area for a reversal so let's get back to the PDF and look at some other examples another thing I look for is the previous week's high and low so for example here we have a weekly
• 05:00 - 05:30 range and I will Mark out the high and the low and this can be used to frame a reversal such as so and then ideally looking for the other side of the weekly range or can also be used to frame a drawn liquidity for example here we return to a premium reach an order block and then the previous week's low is the draw on liquidity so let's hop into the charts and look at a few examples so in this example we're going to go through the
• 05:30 - 06:00 daily chart looking at previous week's highs and lows and how price reacts around them so right here we have our previous week's low and previous week's High marked out and extended into the next week so as we continue forward here what happens we don't reach for previous week's high or low and we end up being range bound so marking out this next week it is a short week so there's only four candles but let's see how price reacts around those areas you can see right here we take previous week's low
• 06:00 - 06:30 so let's see what the next candle does there is a fair value Gap over here and then we come back into the rain where would I expect price to go from here I would expect it to reach for previous week's High and there we go we hit previous week's high on a Friday so here we have the next week marked out let's see if anything happens so you can see right here on Monday we reach into previous week's high and close below that makes me think I want
• 06:30 - 07:00 to see the previous day low you can see we reached over previous week's high again we also take the low so here I'm a little undecided but we still are closing below previous week's low which leads me to a downside bias and there we go we start to make a move down they'll go into the next week and moving the lines over you can see that Monday we swept previous week's low and formed a nice bullish reversal candle this leads me to believe that we're heading for previous week's High
• 07:00 - 07:30 so letting this play out we retest that previous week's low and there we go over previous week's High and we get our expansion to the upside you can see using previous week's high and low I can not only frame a reversal but can also use it as a draw on liquidity in this next section I'm going to be talking about swing points failure to displace as well as the next day model if you don't know what swing points are
• 07:30 - 08:00 please check out my liquidity video it will be linked in the top right corner so using swing points I can frame a drawn liquidity off of that for example here price is trending up where is it likely to go we have an old high resting over here I can also use that to frame a reversal so for example here using this liquidity pool resting above here as a point for a reversal that leads me into the failure to displace or the lack of displacement over swing points so for
• 08:00 - 08:30 example here if we have a swing low and price fails to displace under it my bias can then be up similarly up here when price fails to displace over a high my bias can be down this then leads me into the next day model so with the next day model using PD arrays or old highs or old lows and when price fails to displace below a low my next day I can expect price to move higher so right here I would anticipate a open low high close candle or a
• 08:30 - 09:00 bullish candle and you can see how that would work out and then similarly up here when price takes this swing High closes back in the range I can anticipate an open high low close or a bearish candle so looking at a set of price action using that you can see we sweep this high right here close back in the range I can anticipate this next candle being open high low close similarly over here we respect this PD
• 09:00 - 09:30 array here next day I would want to see open high low close this candle stays inside I can use that bias and continue to use it until we reach our draw and liquidity which in this case is sell side liquidity resting at the swing low below so let's get into some charts and look at a few more examples for this next example we are just going to be walking through dxy on the daily chart and using what we have just learned and applying it so if you notice right here we do
• 09:30 - 10:00 have a pair value Gap restroom below here and price is drawing towards it so let's see what happens if you notice right here what do we get let's just take a look at our previous date low we cannot displace below previous day low which leads me to believe that we should reach for previous day high marking out previous day high let's see what happens we reach up can we close out so I want to see price reach once again higher
• 10:00 - 10:30 what happens here we reach up build this fair value Gap but even more simple we can't close outside our previous day's range which leads me to believe that we should be reaching lower or in this case sell side liquidity resting right above a fair value Gap right here we reach lower we have not reached our drawn liquidity so I'd want another candle down here we get a candle down into our drawn
• 10:30 - 11:00 liquidity or that fair value Gap if you notice we can't close outside the range and we close back in so I can see us reaching for our previous day high or in this case if we look at a swing point we want to be reaching for this high here we get a closure outside that high and so what should we expect price to move higher or consolidate with a large range from here close back in the range would
• 11:00 - 11:30 want another day down so would want to see below this previous day low and if you've already seen this example this order block resting right here here's where the next day model could be applied as we are respecting a PD array so reaching into this PD array closing outside next day model would say look for an open low high close or a bullish candle where would that bullish candle want to be reaching for well we could
• 11:30 - 12:00 look for previous day high or we could look for swing points in the market so looking at our next day we get a reach we have not hit our drawn liquidity so we would want to see the next day do what reach for that draw on liquidity we get a closure outside of that so I want to see price reach for another daily High here you can see price takes this High closes back in so I'd want to see price reach for this previous day low we are
• 12:00 - 12:30 in an uptrend here so I wouldn't want to see it shift too much or we are likely to go lower here you can see we may have swept that can't tell on this time frame but from here I don't really have a lot of bias so what I can do is Mark out R high and our low and C which one gets taken so inside bar just having an uptrend I think it's more likely to reach for this
• 12:30 - 13:00 high here we get a closure outside that high now what can we use we can use this swing point in the market here you can see we reach above this swing High can't close outside of it and close back in from here we can look for previous day low or a swing point in the market which we already have marked out here we get this placement down very aggressive so we already took this low so we can look for either previous
• 13:00 - 13:30 day low or a swing point in the market we haven't yet reached this low still closing out so either previous state low or this swing point still closing outside this is when I would need to look left what do we have we have a bunch of lows resting under here or swing points foreign
• 13:30 - 14:00 and then we get a large move through that but you can see how you can use just swing points previous day highs and lows and displacement and closures over or below structure to frame a narrative not every day but a lot of the days of the week so let's go through a few examples of going through bias all the way down to an entry time frame this first example is going to be a London session trade and then for our next examples we'll do some New York session trades so for example here we're either
• 14:00 - 14:30 consolidating in this little range here so we could use this range high and low or we can just use previous day high and low so let's see what happens no real bias going into this next day so you can see we fail to close over this previous day high here so what can I expect we're already in a bearish trend I'd want to see price reach where lower so I can either look for previous day low or I can look for a swing point in the
• 14:30 - 15:00 market right here so let's drop down to the hourly time frame and see what happens so here we are on the hourly time frame I'm going to go ahead and Mark out midnight opening price and let's see what happens so right here we notice what happens is we get a stop hunt right into a fair value Gap so I can go down and look to a lower time frame if you notice the time this is occurring is London so I would
• 15:00 - 15:30 want to see a high of the day put in in London here you can see the sweep on the hourly and the aggressive displacement off so I can either look for an entry here or see what happens after this price action because this isn't a very big sweep so I'd be a little concerned that it wanted to go up again so looking at this fair value Gap here let's see what happens there we get an aggressive move down off of that and we have a fair value Gap
• 15:30 - 16:00 right here so the way I can frame and trade here is look to enter the fair value Gap My Stop on that high and then I can either look for a fix to r or looking towards that previous day low we talked about furthermore we could also go down to that swing point so we'll just leave it right here and extend it if it gets there so we let this play out we get an aggressive move down towards our previous day low
• 16:00 - 16:30 now let's see what happens if we reach for That Swing point and there we go price reaches For That Swing point and ends up continuing a lot lower for this next example you can see right here we have a previous day low gets swept closed back over where would we be looking either this high or previous day high so marking out the swing Point here see what the next day
• 16:30 - 17:00 does next day sweeps this High comes back into the range from here using the next day model I can expect price to go where lower so with that idea in mind I'm going to drop down to the hourly chart here marking out midnight price let's see what happens as we near New York session right here we're starting to get into the New York Hill Zone what do we have up here we have an hourly fair value Gap
• 17:00 - 17:30 so I'm marking that out we have our point of Interest we can go to a lower time frame in this case the five minute and what do we have right here we have a five minute fare value Gap so looking to enter here I would have my stop right here on this high and then I can either look for 2R or we can zoom back out and find a Target there so going back out to the hourly let's see what we have we have some nice lows resting over here one of
• 17:30 - 18:00 those lows right around 2R or we can look for these lows down here going back to the five minute chart if we're going to go reach for that lower one so we're over 2R there 2.55 R let's see how it works out so get a move up some consolidation and there we go we hit rtt so that is an example of a New York session trade and a London session trade using the next
• 18:00 - 18:30 day model thank you to mmxm Trader for showing us that if you haven't seen my video on that I'll also link that in the top right I hope this video was helpful and showed you how I find my daily bias if you did find it helpful please hit that like button the Subscribe button and leave a comment below if you have a great rest of your day and I'll see you guys later foreign