ICT Daily Bias - The Only Video You Will Ever Need! — Transcript

Full transcript

1. 0:02foreign
2. 0:04[Music]
3. 0:09how's it going everyone this video is
4. 0:12going to be over daily bias and draw on
5. 0:14liquidity we'll go through the PDF and
6. 0:16then a bunch of examples and before we
7. 0:18get into it I'd like to give a big thank
8. 0:20you to the n9xm trader for teaching in
9. 0:23many of these Concepts as well as his
10. 0:25next day model
11. 0:26the easiest way to frame a draw on
12. 0:28liquidity or have daily bias is using
13. 0:30previous day high and low so for example
14. 0:33up here unless price is going to
15. 0:36consolidate and not take out the low or
16. 0:38the high of the previous day we are
17. 0:40going to have it either take previous a
18. 0:42high previous day low or both of these
19. 0:45so the way I look at it is price more
20. 0:47likely to take previous day high or
21. 0:49previous state low in this case I would
22. 0:52expect price to be reaching for a
23. 0:53previous day high as we are trending
24. 0:56upwards so that would be my draw on
25. 0:58liquidity similarly over here we are
26. 1:01trending down so I'd expect price to
27. 1:04reach for previous day low previous day
28. 1:06high and low can also be used as
29. 1:08liquidity pools to frame a reversal so
30. 1:11for example here we reach into this
31. 1:13previous day high we can't displace
32. 1:15above it and price reverses similarly
33. 1:18over here we reach below this previous
34. 1:20day low canvas place and we come back in
35. 1:23the range so for example here just using
36. 1:26previous day highs and lows we have our
37. 1:28previous day high
38. 1:30a reversal is framed off a previous day
39. 1:32high from here since we close back in
40. 1:35I'm expecting price to reach for
41. 1:37previous day low as shown here we reach
42. 1:39for this previous day low the next day A
43. 1:42reversal is framed off of this previous
44. 1:44day low as it cannot displace below now
45. 1:47from here I'd expect the next day to
46. 1:49reach for this previous day high and
47. 1:51continue to reach for previous day high
48. 1:53until a drawn liquidity is met so let's
49. 1:56hop into the charts and look at a few
50. 1:57examples of this so in this example
51. 2:00we're just going to take a look at using
52. 2:01previous day highs and lows to frame
53. 2:04bias or a drawing liquidity so for
54. 2:07example here
55. 2:08we have our previous day high and we
56. 2:11closed above it so I would like to see
57. 2:13price move higher and easy draw would be
58. 2:17this previous day hi
59. 2:19letting price move forward we close over
60. 2:22it again so another easy drawn liquidity
61. 2:25would be this previous High
62. 2:28right here we take our previous high but
63. 2:31we can't close over it we fall back in
64. 2:33So now I'd want to see
65. 2:36if previous day low gets taken in my
66. 2:38drawn liquidity or my bias would be
67. 2:41short
68. 2:42so now we reach and close below and now
69. 2:44I want to see do we close or reach below
70. 2:46previous state low
71. 2:49right there we reach below previous day
72. 2:51low and close so now I want to see do we
73. 2:54reach below previous day low again
74. 2:57reach below previous day low and close
75. 3:00so I want to see if we take previous day
76. 3:02below again
77. 3:04right here you can see we take previous
78. 3:06day low don't close outside the range so
79. 3:09now I would want to see a move higher or
80. 3:12a reach per previous day high
81. 3:15close outside the range so bullish or
82. 3:19reach for this previous day high
83. 3:21right there we actually Gap above it
84. 3:24come back in the range so this would be
85. 3:27bearish for me so I'd want to see if we
86. 3:29reach for this previous day low
87. 3:32right here we do but we can't close
88. 3:35outside this range so now I'd want to
89. 3:37see previous day high
90. 3:39or be bullish
91. 3:42right here you can see we actually took
92. 3:46the low and the high and so what I look
93. 3:48for here is we swept this low couldn't
94. 3:52close below it and we actually take
95. 3:54previous day high and close outside of
96. 3:56it so from here I would be looking for
97. 3:58previous day high
98. 4:02and then we get a very large candle up
99. 4:04expecting some sort of consolidation but
100. 4:07if we don't stay inside I'd want to see
101. 4:09previous day high
102. 4:12right here you can see we took previous
103. 4:13day high so now I'd want to look towards
104. 4:16previous day low
105. 4:20close below there so where would I want
106. 4:22to see previous day high or be bullish
107. 4:26and there we go close out so then once
108. 4:30again can look for previous day high
109. 4:35goes over that
110. 4:36you can look for previous day high
111. 4:39and you guys get the point by now now it
112. 4:41won't be like this every day but I hope
113. 4:43you can see how just using previous day
114. 4:45highs and lows I can frame an easy drawn
115. 4:48liquidity bias or an area for a reversal
116. 4:51so let's get back to the PDF and look at
117. 4:54some other examples another thing I look
118. 4:56for is the previous week's high and low
119. 4:59so for example here we have a weekly
120. 5:01range and I will Mark out the high and
121. 5:04the low and this can be used to frame a
122. 5:07reversal such as so
123. 5:10and then ideally looking for the other
124. 5:12side of the weekly range or can also be
125. 5:15used to frame a drawn liquidity for
126. 5:17example here we return to a premium
127. 5:19reach an order block and then the
128. 5:23previous week's low is the draw on
129. 5:24liquidity so let's hop into the charts
130. 5:26and look at a few examples so in this
131. 5:29example we're going to go through the
132. 5:30daily chart looking at previous week's
133. 5:32highs and lows and how price reacts
134. 5:34around them so right here we have our
135. 5:37previous week's low and previous week's
136. 5:40High marked out and extended into the
137. 5:42next week
138. 5:43so as we continue forward here what
139. 5:46happens we don't reach for previous
140. 5:48week's high or low and we end up being
141. 5:51range bound so marking out this next
142. 5:52week it is a short week so there's only
143. 5:54four candles but let's see how price
144. 5:56reacts around those areas you can see
145. 5:58right here we take previous week's low
146. 6:00so let's see what the next candle does
147. 6:01there is a fair value Gap over here
148. 6:05and then we come back into the rain
149. 6:07where would I expect price to go from
150. 6:09here I would expect it to reach for
151. 6:11previous week's High
152. 6:15and there we go we hit previous week's
153. 6:17high on a Friday so here we have the
154. 6:20next week marked out let's see if
155. 6:22anything happens
156. 6:23so you can see right here on Monday we
157. 6:26reach into previous week's high and
158. 6:28close below that makes me think I want
159. 6:31to see the previous day low
160. 6:33you can see we reached over previous
161. 6:34week's high again we also take the low
162. 6:36so here I'm a little undecided but we
163. 6:39still are closing below previous week's
164. 6:41low which leads me to a downside bias
165. 6:45and there we go we start to make a move
166. 6:47down they'll go into the next week and
167. 6:49moving the lines over you can see that
168. 6:51Monday we swept previous week's low and
169. 6:54formed a nice bullish reversal candle
170. 6:56this leads me to believe that we're
171. 6:58heading for previous week's High
172. 7:00so letting this play out
173. 7:02we retest that previous week's low
174. 7:06and there we go over previous week's
175. 7:08High
176. 7:09and we get our expansion to the upside
177. 7:12you can see using previous week's high
178. 7:15and low I can not only frame a reversal
179. 7:18but can also use it as a draw on
180. 7:20liquidity
181. 7:21in this next section I'm going to be
182. 7:23talking about swing points failure to
183. 7:25displace as well as the next day model
184. 7:28if you don't know what swing points are
185. 7:30please check out my liquidity video it
186. 7:32will be linked in the top right corner
187. 7:34so using swing points I can frame a
188. 7:36drawn liquidity off of that for example
189. 7:38here price is trending up where is it
190. 7:41likely to go we have an old high resting
191. 7:43over here I can also use that to frame a
192. 7:46reversal so for example here using this
193. 7:49liquidity pool resting above here as a
194. 7:52point for a reversal that leads me into
195. 7:55the failure to displace or the lack of
196. 7:57displacement over swing points so for
197. 8:00example here if we have a swing low and
198. 8:03price fails to displace under it my bias
199. 8:05can then be up
200. 8:07similarly up here when price fails to
201. 8:10displace over a high my bias can be down
202. 8:13this then leads me into the next day
203. 8:15model
204. 8:16so with the next day model using PD
205. 8:19arrays or old highs or old lows and when
206. 8:22price fails to displace below a low my
207. 8:25next day I can expect price to move
208. 8:27higher so right here I would anticipate
209. 8:29a open low high close candle or a
210. 8:32bullish candle and you can see how that
211. 8:34would work out and then similarly up
212. 8:37here when price takes this swing High
213. 8:40closes back in the range I can
214. 8:42anticipate an open high low close or a
215. 8:46bearish candle so looking at a set of
216. 8:48price action using that you can see we
217. 8:51sweep this high right here close back in
218. 8:53the range I can anticipate this next
219. 8:55candle being open high low close
220. 8:58similarly over here we respect this PD
221. 9:01array here next day I would want to see
222. 9:04open high low close this candle stays
223. 9:07inside I can use that bias and continue
224. 9:10to use it until we reach our draw and
225. 9:12liquidity which in this case is sell
226. 9:14side liquidity resting at the swing low
227. 9:16below
228. 9:18so let's get into some charts and look
229. 9:20at a few more examples for this next
230. 9:22example we are just going to be walking
231. 9:24through dxy on the daily chart and using
232. 9:27what we have just learned and applying
233. 9:29it so if you notice right here we do
234. 9:31have a pair value Gap restroom below
235. 9:34here and price is drawing towards it so
236. 9:38let's see what happens if you notice
237. 9:40right here what do we get let's just
238. 9:42take a look at our previous date low we
239. 9:44cannot displace below previous day low
240. 9:46which leads me to believe that we should
241. 9:49reach for previous day high
242. 9:52marking out previous day high let's see
243. 9:54what happens
244. 9:55we reach up can we close out so I want
245. 9:58to see price reach
246. 9:59once again higher
247. 10:03what happens here we reach up build this
248. 10:06fair value Gap but even more simple we
249. 10:08can't close outside our previous day's
250. 10:10range which leads me to believe that we
251. 10:12should be reaching lower or in this case
252. 10:15sell side liquidity resting right above
253. 10:18a fair value Gap
254. 10:20right here we reach lower we have not
255. 10:23reached our drawn liquidity so I'd want
256. 10:25another candle down
257. 10:27here we get a candle down into our drawn
258. 10:31liquidity or that fair value Gap if you
259. 10:34notice we can't close outside the range
260. 10:35and we close back in so I can see us
261. 10:39reaching for our previous day high or in
262. 10:42this case if we look at a swing point we
263. 10:45want to be reaching for this high
264. 10:48here we get a closure outside that high
265. 10:51and so what should we expect price to
266. 10:53move higher or consolidate with a large
267. 10:56range
268. 10:58from here close back in the range would
269. 11:01want another day down so would want to
270. 11:04see below this previous day low and if
271. 11:07you've already seen this example this
272. 11:09order block resting right here
273. 11:13here's where the next day model could be
274. 11:15applied as we are respecting a PD array
275. 11:17so reaching into this PD array closing
276. 11:21outside next day model would say look
277. 11:24for an open low high close or a bullish
278. 11:27candle where would that bullish candle
279. 11:29want to be reaching for well we could
280. 11:31look for previous day high or we could
281. 11:33look for swing points in the market
282. 11:36so looking at our next day we get a
283. 11:38reach we have not hit our drawn
284. 11:40liquidity so we would want to see the
285. 11:42next day do what reach for that draw on
286. 11:44liquidity
287. 11:46we get a closure outside of that so I
288. 11:48want to see price reach for another
289. 11:51daily High
290. 11:53here you can see price takes this High
291. 11:56closes back in so I'd want to see price
292. 11:59reach for this previous day low we are
293. 12:01in an uptrend here so I wouldn't want to
294. 12:04see it shift too much or we are likely
295. 12:06to go lower
296. 12:08here you can see
297. 12:09we may have swept that can't tell on
298. 12:12this time frame but from here I don't
299. 12:14really have a lot of bias so what I can
300. 12:16do is Mark out
301. 12:18R high and our low and C which one gets
302. 12:21taken
303. 12:25so inside bar just having an uptrend I
304. 12:28think it's more likely to reach for this
305. 12:30high
306. 12:32here we get a closure outside that high
307. 12:34now what can we use we can use this
308. 12:36swing point in the market
309. 12:40here you can see we reach above this
310. 12:42swing High can't close outside of it and
311. 12:45close back in
312. 12:46from here we can look for previous day
313. 12:49low or a swing point in the market which
314. 12:51we already have marked out
315. 12:54here we get this placement down
316. 12:56very aggressive so we already took this
317. 12:59low so we can look for either previous
318. 13:02day low or a swing point in the market
319. 13:07we haven't yet reached this low still
320. 13:09closing out so either previous state low
321. 13:12or this swing point
322. 13:15still closing outside this is when I
323. 13:17would need to look left what do we have
324. 13:19we have a bunch of lows resting under
325. 13:21here or swing points
326. 13:24foreign
327. 13:31and then we get a large move through
328. 13:33that but you can see how you can use
329. 13:35just swing points previous day highs and
330. 13:37lows and displacement and closures over
331. 13:40or below structure to frame a narrative
332. 13:43not every day but a lot of the days of
333. 13:46the week so let's go through a few
334. 13:48examples of going through bias all the
335. 13:50way down to an entry time frame this
336. 13:52first example is going to be a London
337. 13:54session trade and then for our next
338. 13:56examples we'll do some New York session
339. 13:58trades so for example here we're either
340. 14:01consolidating in this little range here
341. 14:03so we could use this range high and low
342. 14:05or we can just use previous day high and
343. 14:07low
344. 14:08so let's see what happens no real bias
345. 14:11going into this next day
346. 14:13so you can see we fail to close over
347. 14:16this previous day high here so what can
348. 14:19I expect we're already in a bearish
349. 14:21trend I'd want to see price reach where
350. 14:24lower so I can either look for previous
351. 14:27day low
352. 14:28or I can look for a swing point in the
353. 14:31market right here
354. 14:33so let's drop down to the hourly time
355. 14:35frame and see what happens so here we
356. 14:37are on the hourly time frame I'm going
357. 14:39to go ahead and Mark out midnight
358. 14:41opening price
359. 14:43and let's see what happens
360. 14:46so right here we notice what happens is
361. 14:49we get a stop hunt right into a fair
362. 14:52value Gap so I can go down and look to a
363. 14:55lower time frame if you notice the time
364. 14:57this is occurring is London so I would
365. 15:00want to see a high of the day put in in
366. 15:03London
367. 15:04here you can see the sweep on the hourly
368. 15:06and the aggressive displacement off
369. 15:09so I can either look for an entry here
370. 15:11or see what happens after this price
371. 15:13action
372. 15:14because this isn't a very big sweep so
373. 15:17I'd be a little concerned that it wanted
374. 15:18to go up again
375. 15:19so looking at this fair value Gap here
376. 15:23let's see what happens
377. 15:25there we get an aggressive move down off
378. 15:28of that and we have a fair value Gap
379. 15:30right here
380. 15:32so the way I can frame and trade here is
381. 15:34look to enter the fair value Gap My Stop
382. 15:37on that high and then I can either look
383. 15:40for a fix to r or looking towards that
384. 15:43previous day low we talked about
385. 15:46furthermore we could also go down to
386. 15:49that swing point so we'll just leave it
387. 15:51right here and extend it if it gets
388. 15:53there
389. 15:54so we let this play out
390. 15:56we get an aggressive move down towards
391. 15:59our previous day low
392. 16:01now let's see what happens if we reach
393. 16:03for That Swing point
394. 16:08and there we go price reaches For That
395. 16:11Swing point and ends up continuing a lot
396. 16:14lower
397. 16:16for this next example you can see right
398. 16:18here we have a previous day low
399. 16:21gets swept closed back over where would
400. 16:24we be looking either this high or
401. 16:26previous day high so marking out the
402. 16:29swing Point here see what the next day
403. 16:31does
404. 16:32next day sweeps this High comes back
405. 16:35into the range from here using the next
406. 16:37day model I can expect price to go where
407. 16:41lower
408. 16:42so with that idea in mind I'm going to
409. 16:45drop down to the hourly chart here
410. 16:47marking out midnight price let's see
411. 16:48what happens as we near New York session
412. 16:53right here we're starting to get into
413. 16:54the New York Hill Zone what do we have
414. 16:56up here we have an hourly fair value Gap
415. 17:00so I'm marking that out we have our
416. 17:02point of Interest we can go to a lower
417. 17:04time frame in this case the five minute
418. 17:06and what do we have right here we have a
419. 17:09five minute fare value Gap
420. 17:12so looking to enter here
421. 17:15I would have my stop right here on this
422. 17:17high and then I can either look for 2R
423. 17:21or we can zoom back out and find a
424. 17:24Target there so going back out to the
425. 17:26hourly let's see what we have we have
426. 17:28some nice lows resting over here one of
427. 17:31those lows right around 2R
428. 17:34or we can look for these lows down here
429. 17:36going back to the five minute chart if
430. 17:38we're going to go reach for that lower
431. 17:39one so we're over 2R there
432. 17:432.55 R let's see how it works out
433. 17:47so
434. 17:48get a move up some consolidation and
435. 17:52there we go we hit rtt so that is an
436. 17:55example of a New York session trade and
437. 17:58a London session trade using the next
438. 18:00day model thank you to mmxm Trader for
439. 18:03showing us that if you haven't seen my
440. 18:05video on that I'll also link that in the
441. 18:07top right I hope this video was helpful
442. 18:09and showed you how I find my daily bias
443. 18:11if you did find it helpful please hit
444. 18:14that like button the Subscribe button
445. 18:15and leave a comment below if you have a
446. 18:18great rest of your day and I'll see you
447. 18:19guys later
448. 18:23foreign