This video serves as an introductory bootcamp for trading, focusing on the fundamental principles of International Capital Corporation (ICC) strategy, particularly price action and market structure. The speaker aims to demystify trading by emphasizing the importance of understanding price charts, tracking highs and lows, and identifying trends, while also aiming to disrupt the industry by offering this knowledge for free.
Here's a step-by-step process for trading the ICC strategy as detailed in the video:
Phase 1: Understanding Market Structure (Tracking Highs and Lows)
Identify the Current Trend:
Master Tracking Highs and Lows:
Phase 2: Identifying Potential Trend Changes (Indication)
Recognize a "Change of Character" (CoC):
Wait for the "Indication":
Phase 3: The Correction Phase (Waiting for Confirmation)
Do Not Trade the Indication Immediately:
Wait for the Requirement:
Phase 4: The Continuation Phase (Entry)
Enter After Confirmation:
Set Stop Loss:
Set Take Profit (TP):
Key Principles to Remember: