description |
---|
Day trading strategy |
Preferred Stocks or Indices: NQ1!
Timeframe: 1 min
Preferred hours: 8:30am to 2pm EST
- Watch for Swing High or Liquidity grab
- Confirm downtrend either through Change of Character (CHoCH) or Break of Structure (BOS)
- Place Limit order near previous Swing High after trend direction is confirmed
- Watch for a displacement, liquidity grab without closing higher (basically higher low)
- Stop loss shouldn't be more than 5 points above the swing high (max loss $100)
- Target profit 1 in next liquidity below
- Target profit 2 in next liquidity below
Zev's ICT Method
Notes
You may not get filled when price doesn't reach previous swing high wick
You might get stopped out with tight stop losses