About this video

• Video Title: Advanced ICC for Sniper Entries with Confirmation
• Channel: Wick Sauce Ro
• Speakers: (None explicitly named in the transcript)
• Duration: 00:27:47

Overview

This video explains advanced trading strategies using "ICC" (likely referring to Inner Circle Trader concepts) for identifying and executing sniper entries with confirmation. The speaker demonstrates how to analyze market structure, identify trends, and pinpoint high-probability trading opportunities, particularly focusing on Gold. The core of the explanation revolves around tracking price action, understanding market reversals, and using these principles for effective risk management and profitable trades.

Key takeaways

• Market Structure Analysis: The video emphasizes understanding market structure by tracking higher highs, higher lows, lower highs, and lower lows to identify trends and potential reversals.
• Confirmation of Trends: A key concept is the "indication, correction, continuation" pattern, where price movements confirm a trend. The speaker explains how to identify the first set of higher highs or lows that initiate an uptrend.
• ICT Concepts Simplified: The speaker aims to demystify advanced trading concepts, explaining them in a straightforward manner without necessarily using all the specific jargon (like order blocks, fair value gaps) upfront.
• Timing Entries: The video highlights the importance of market timing, using smaller timeframes and price action to confirm entries initiated by higher timeframe analysis.
• Risk-to-Reward: The speaker demonstrates the potential for high risk-to-reward ratios with these advanced entry strategies, showing how a well-timed trade can yield significant profits relative to the initial risk.

The significance lies in how these scenarios dictate the immediate trading strategy.

• Higher Low First: When a higher low is made first, it indicates a stronger bullish reversal. In this case, the breakout that follows (creating a higher high) is seen as a confirmation of the uptrend, and traders might look for entries after this confirmation.
• Higher High First: When a higher high is made first, it suggests a potentially weaker reversal or a trend that might need further correction. This often means that price will likely come back down to establish a higher low before continuing its upward move. This "correction" phase is crucial for confirming the trend on a smaller scale and can present a more opportune entry point.

The speaker suggests that the advanced entry methods, like the one demonstrated, are "better for smaller account sizes" because they allow for more precise risk management. Specifically, they mention that with these strategies, you can achieve a significant profit (e.g., a thousand in profit) while having a much smaller maximum drawdown (e.g., 600). This implies that the precision in entries and stop-loss placement, learned through advanced techniques, enables traders with smaller accounts to manage risk effectively and participate in trades that might otherwise be too risky.

The speaker primarily relies on market structure itself to confirm buy or sell signals. This involves:

• Identifying the Trend: Determining whether the market is in an uptrend (higher highs and higher lows) or a downtrend (lower highs and lower lows).
• Break of Structure: Looking for candles that close above a previous high (indicating a potential higher high and bullish continuation) or below a previous low (indicating a potential lower low and bearish continuation).
• Order of Highs and Lows: The sequence in which these highs and lows are formed is critical. The speaker emphasizes that the market reversing in a specific order (e.g., making a higher low first before breaking a high) provides a stronger confirmation than other patterns.
• Retests/Corrections: After a significant move or breakout, the speaker looks for price to retrace and test previous areas of interest (like the origin of the breakout) to confirm the continuation of the trend.

While the speaker mentions concepts like "fair value gaps" and "order blocks" in passing as known ICT terms, they focus on explaining the underlying principles of market structure shifts and price action as the core indicators for confirming trading signals.