u/maggiemasalaa

How to learn ICT as a beginner

Hi, I want to learn ICT, mainly for stock trading. My preferred holding period is a few weeks to a few months. I do not do day trading. I learn markets part-time and work a 9 to 5 job.

How should I start learning ICT? I want to focus only on what is relevant to my style. From what I understand, I do not need concepts related to day trading, like sessions or kill zones.

I plan to work mainly with higher timeframes. How can I learn ICT faster and focus only on what matters for my setup?

I have a basic understanding of reading charts, but it is mostly based on indicators, which is not even relevant for ICT.

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u/maggiemasalaa — 2 days ago
▲ 18 r/IndianStocks+3 crossposts

IRB INFRASTRUCTURE DEVELOPERS showing sign of strength

IRB INFRASTRUCTURE DEVELOPERS weekly chart has been consolidating for the last 9 months and has formed a solid base. The price has broken above the 30-week SMA line. If it breaks above the horizontal level at 22.71, it should move up. This is a long-term hold.

u/maggiemasalaa — 2 days ago

Ascending triangle with false breakouts

PEARL GLOBAL INDUSTRIES is forming a very large ascending triangle pattern on weekly time frame. There is a lot of noise within the pattern, with false breakouts of both the upper horizontal resistance line and the lower trend line. Supply appears to be getting absorbed by buyers, as each pullback is becoming smaller. This setup could lead to a strong breakout soon, but it is very difficult to determine whether it will be a genuine breakout or another fakeout.

u/maggiemasalaa — 3 days ago

How would you trade this structure?

10 DMA has just crossed over 100 DMA, while the price is still facing resistance from anchored VWAP line drawn from a recent swing high.

What do you think about this chart structure? How about buying if it goes above February swing high?

u/maggiemasalaa — 4 days ago