This video is a one-on-one session where Romel, a trader, discusses his struggles with timing his entries using the Indication, Correction, Continuation (ICC) trading strategy. Ro, the educator, explains the core concepts of ICC, the importance of understanding market structure across different timeframes, and how to identify valid highs and lows. The discussion also touches upon the difference between internal and external market structure, the concept of "trends within trends," and the missing depth in traditional ICC teaching, emphasizing the need for a more comprehensive understanding of price action beyond basic definitions.
The main pitfall traders face when identifying the end of a correction phase in ICC is entering trades prematurely because they don't have clear confirmation that the correction is over. They might see price approaching a key level and jump in, only for the price to continue moving against them.
The solution offered is to wait for internal trends to shift in the direction of the higher timeframe indication. This means observing the smaller, internal market structure to confirm that it has reversed or changed direction, supporting the larger trend before entering a trade. Essentially, it's about waiting for lower timeframe price action to align with and confirm the higher timeframe's move.
