Category: Beginner
-
19 ICT Abbreviations: You Should NOT Miss
ICT trading uses a lot of abbreviations and terms that might seem confusing at first. But once you understand what they mean, it becomes much easier to read charts, follow strategies, and trade like Smart Money. Here’s a breakdown of the most common ICT abbreviations, what they stand for, what they mean, and examples for…
-
What is the ICT Daily Bias Trick? 6 Simple Steps + 2 Examples
The ICT Daily Bias Trick is a method used by traders to figure out the likely direction of the market for the day — either bullish (up), bearish (down), or consolidating (sideways). Instead of guessing, this trick gives you a structured way to decide: This is a core idea in ICT (Inner Circle Trader) concepts…
-
Valid Pullbacks in SMC ICT Trading (4 Easy Steps + 2 Examples)
In Smart Money Concepts (SMC), mastering the concept of a valid pullback is crucial for identifying high-probability trade entries that align with institutional order flow. A valid pullback refers to a retracement within a trend that does not violate the structure, and instead offers a refined opportunity to enter the trend at a discounted (for…
-
Quasimodo (QML) Chart Pattern in ICT: 5 Steps + 2 Examples
1. What is the Quasimodo (QML) Pattern in ICT? The Quasimodo Pattern (QML) is a high-probability reversal pattern used in Inner Circle Trader (ICT) trading. It is based on a market structure shift, where price creates a series of highs and lows, traps liquidity, and then reverses direction. Traders use QML to identify key levels…
-
ICT Market Structure Shift (MSS): 5 Steps + 2 Examples
1. What is ICT Market Structure Shift (MSS) In ICT (Inner Circle Trader) trading, a Market Structure Shift (MSS) occurs when price breaks a key structural level, signaling a potential trend reversal or strong momentum continuation. It is a critical concept used by institutional traders to identify liquidity grabs, trend changes, and trade entry points.…
-
Lower Highs & Lower Lows in a Bearish Trend Using ICT Concepts
1. Understanding Lower Highs and Lower Lows in ICT Trading In ICT (Inner Circle Trader) methodology, a bearish trend is characterized by a series of lower highs (LH) and lower lows (LL), showing institutional distribution and smart money manipulation. Key Concepts in a Bearish Trend: Institutions create these formations to trap retail traders and hunt…
-
Foreign Currency Pairs Quiz in ICT: 2 Easy Examples
Forex trading involves trading currency pairs, where one currency is exchanged for another. From an ICT (Inner Circle Trader) perspective, it is essential to understand how smart money manipulates foreign currency pairs by targeting liquidity, utilizing order blocks, and creating fair value gaps. This guide will break down key forex pairs, how they move under…
-
What is Forex Trading? A Beginner’s Guide from the Perspective of ICT
Forex trading, or foreign exchange trading, involves buying and selling currency pairs to profit from price fluctuations. It is the largest financial market in the world, with trillions of dollars traded daily. However, unlike retail traders who often rely on indicators and lagging signals, Institutional Order Flow and Inner Circle Trader (ICT) concepts provide a…
-
11 Must-Read Forex Trading Quotes (With Explanations)
These quotes from legendary traders and financial experts offer valuable insights into discipline, psychology, and strategy in forex trading 1. “The goal of a successful trader is to make the best trades. Money is secondary.” — Alexander Elder Explanation: Many traders focus solely on making money, but the best traders concentrate on executing quality trades…
-
Is Forex Trading Legal in Pakistan? 2 Scenarios + Consequences
Forex trading is legal in Pakistan, but it is regulated by the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP). However, there are restrictions on certain types of forex trading, particularly involving offshore brokers and margin-based trading. 1. Regulations Governing Forex Trading in Pakistan 1. State Bank of Pakistan…