In this trade I used various ICT Concepts day trade and execute a trade on Gold [XAUUSD] on 01/11/2024. I first started with the daily chart, using ICT Daily Bias to determine a direction. Then I use the economic calendar to find a high probability day. Having identified the draw on liquidity I use the hourly chart and the 5 minute chart. I find a mitigation block and fair value gap FVG to enter into the ICT MMXM Model, in this case a Market Maker Sell Model. I target 2R on this trade. Let me know in the comment section below if you want more forex and futures trading reviews.
Concepts:
ICT Mitigation Block: • Mitigation Blocks Simplified - ICT Co...
ICT Fair Value Gap: • Understanding Fair Value Gaps (FVG) -...
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