Checklist Preparation for Trading - newsqlguru/ict-index GitHub Wiki

Trade Preparation

  • Do not trade unless you can complete this list of tasks. Without this context trades will be lower probability and more like gambling.

Before Trade Routine

  • Completed before the trading session begins, reviewed during the trading session to ensure market alignment.
  • Review the checklist when a trade loss occurs.
  • Start with an empty or "naked" chart of price action at 15 minutes time resolution.

image

Perform the following tasks:

  • Mark Midnight with a Vertical Line(s).
  • Mark Midnight Open Price with a Horizontal Line.
  • Mark SSL 3 levels
  • Mark BSL 3 levels
  • Pull Asian Range Fib Projection
  • Pull 00:00-02:00 Fib Projection
  • Pull Measured Move Projection, of dominate price swing
  • Pull Dealing Range Fib Levels, at least two dominate price swings.

image

image

Review the chart and answer these questions:

  • Weekly bias?
  • Daily bias?
  • Day of the week?
  • Dealing Range percentage?
  • Which liquidity pool is price drawn toward?
  • Which liquidity pool has been taken overnight?
  • What projections overlap with POIs?
  • Is Order Flow bullish or bearish?
  • What phase of IPDA is price in, consolidation, expansion, retracement, or reversal?
  • Is current price action aligned with time and price overall contexts defined by this checklist?

image

Use IPDA Lookback for Additional Context

  • Note where price is with context of the Dealing Ranges over the last 20, 40, 60 days.

image