About this video

• Video Title: If you know ICC, then you can trade Wick Sauce.
• Channel: Wick Sauce Ro
• Speakers: Not explicitly named, but appears to be a conversational Q&A format.
• Duration: 02:14:11

Overview

This video explains the "Wick Sauce" trading concept, which builds upon established trading methodologies like ICT (Inner Circle Trader). The core idea is to identify "no trade zones" (NTZs), often represented by wicks on candles, and use them as areas for potential entries when price returns to retest them. The speaker emphasizes the importance of correctly marking market structure highs and lows, differentiating between true price action and mere manipulation, and utilizing multiple timeframes for confirmation. The video aims to simplify trading by focusing on these key areas and providing practical examples.

Key takeaways

• Wick Sauce Definition: Wick Sauce involves identifying significant wicks at market structure extremes (highs or lows) as "no trade zones" where price is expected to return and retest.
• No Trade Zones (NTZ): These are areas where both buyers and sellers are active, leading to consolidation or indecision. Terms like "area of balance," "consolidation," "order block," and "range" all refer to the same concept.
• Wicks as NTZs: Every wick on a chart can technically be considered a no trade zone, representing an area where price previously saw both buying and selling pressure.
• Importance of Marking Highs/Lows: Accurately marking the actual high and low of candles (not just the body) is crucial for correct market structure analysis and trade entry.
• Break and Retest: The fundamental market dynamic is break and retest. Wick Sauce focuses on breaking and retesting the ranges of wicks.
• Rules for Marking Wicks: Prioritize wicks that are part of external market structure and wicks that appear isolated ("alone").
• Timeframe Correlation: Using multiple timeframes (e.g., 4-hour for major analysis, 15-minute or 5-minute for entry refinement) helps in confirming trades.
• 50% Rule: The 50% level of a wick (or range) is significant, especially in premium and discount zones, often serving as an entry point.
• Risk Management: Wick Sauce trades, when valid, often result in good risk-to-reward ratios and minimal drawdown due to precise entry points.
• Wick Sauce vs. ICT: Wick Sauce is presented as a refinement or application of ICT concepts, focusing specifically on wicks as tradeable zones within the broader ICT framework.

In this video, ICT is mentioned in the context of a market structure model that involves indication, correction, and continuation phases. The speaker uses ICT concepts to explain how price moves and how certain levels can be identified for trading. Specifically, ICT is related to understanding how to identify potential trade entries after price has broken a level and then retested it. The video contrasts traditional ICT approaches with the "Wick Sauce" method, suggesting that Wick Sauce is a way to refine entries and gain more consistent trading results by focusing on specific wick formations within the market structure.

The transcript doesn't explicitly define "ICC" as a distinct trading concept separate from "ICT." Instead, "ICC" appears to be used interchangeably with or as a shorthand for "ICT" throughout the video, particularly when discussing the indication, correction, and continuation phases. The speaker presents "Wick Sauce" as a trading strategy derived from and related to ICT principles. Therefore, based on this transcript, there's no indication of a difference between ICT and ICC; they seem to refer to the same underlying trading methodology.