Simple Strategy for the New York Session Based on ICT 🗽💹
Take advantage of the high volatility and opportunities offered by the New York session with this simple strategy based on the principles of ICT (Inner Circle Trader). Here I share with you how to identify key movements and manage your operations to maximize your results.
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1. Start of the New York Session 🕒
Key Hours: The New York session starts at 8:00 AM and reaches its highest activity between 9:30 AM and 11:00 AM EST.
London Review: Before the opening, review the key levels of the London session (highs and lows) that can act as reference points.
2. Identifying Key Levels 🔍
Order Blocks: Look for areas of order accumulation (order blocks) formed during London that can influence movements in New York.
Liquidity Pools: Locate areas where pending orders are building up, often just above recent highs or below recent lows.
3. Watch the Initial Move 🛑
False Move: Initial moves often occur at the New York open that seek to liquidate London traders. Don't enter immediately, wait for a change in direction to be confirmed.
4. Entry Strategy 🎯
Reversal:
Bullish: If the price manipulates a low and then reverses higher, go long.
Bearish: If the price manipulates a high and then reverses lower, go short.
Confirmation: Look for a confirmation candle on a lower timeframe before entering.
5. Trade Management ⚖️
Stop Loss: Place your stop loss below/above the manipulation point.
Take Profit: Use Fibonacci levels or close the trade as it approaches support or resistance levels.
advice, work only on one pair
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Strategy Advantages ✅
Solid Principles: Based on key ICT concepts such as order blocks and liquidity manipulation.
Adaptability: Works in multiple markets.
Simplicity: Easy to follow with clear rules.