What is ICT Model 5? Day Trading - Intraday Volatility Expansions (2024)

Welcome to the thrilling world of ICT Model 5 trading – where every day is an opportunity to master the markets! Are you ready to dive into the fast-paced arena of day tradingDay Trading in Forex is a fast-paced trading style where financial instruments are bought and sold within the same day.... More, focusing on the adrenaline-pumping intraday volatility expansions?

Have you ever wondered why some traders prefer the bustling energy of London and New York open Kill Zones? Or perhaps you’re curious about the secret sauce behind trading on specific days like Monday, Tuesday, or Wednesday?

Key points of ICT Model 5:

ICT Model 5 is a day trading strategy that focuses on intraday volatility expansions. It is designed to trade the London and New York open Kill Zones. The strategy is not day specific, but The Inner Circle TraderExplore Inner Circle Trader's unique journey in Forex trading, where risk awareness and challenging norms lead to true market success. More prefers to trade it on Monday, Tuesday, or Wednesday.

👉 Discover the ICT Weekly patterns.

• Focus on anticipating the expansionThe concept of expansion is significant in strategy formulation, as it indicates a shift from range-bound trading to potential trend-following... More of daily ranges.The author believes that price is most likely to expand in the direction of the daily draw.
• Use standard deviations with intraday volatility concepts to find expansion objectives.The Central Bank dealers range should only be used when the range between 4:00 PM and 8:00 PM New York time is above 15 Pips. The Asian rangeThe Asian Range refers to a specific time window in the financial market, which starts at 8 p.m. Eastern Standard... More count should only be used when the range between 8:00 PM and midnight New York time is above 15 Pips.
• Blend liquidity markers with time of day and standard deviations in intraday volatility expansions.The ICT model 5 blends liquidity markers with time of day and standard deviations in intraday volatility expansions.
• Prioritize scalping intraday sessions, not swing trading or short-term trading.
• Use a variety of entry techniques, such as optimal trade entryThe optimal trade entry can be determined by looking for shifts in market structure, retracement levels, or other technical indicators.... More, turtle soup, trading fair value gaps, trading in the breakers, trading standard order blockOrder Blocks in trading are a crucial concept that has garnered significant attention for their potential to forecast market movements.... More theory, or trading above the opening price when selling short or buying below the opening price when trying to go long.
• Mask trading intentions to avoid being labeled as a professional trader.
• Intentionally lose some trades to avoid attracting attention from brokers.
• Use flout range when the Central Bank dealers range and Asian range are less than the minimum criteria.
• Use Fibonacci expansionFibonacci expansion is a tool used in trading to determine potential price targets or levels of support and resistance. It... More levels to identify potential trade setups.
• Use the New York Kill Zone, London open Kill ZoneLondon Open Kill Zone — nominally 7am-9am London time (this time period may be expanded at the discretion of the... More, and London close profit taking Kill Zone to identify potential trade entries.
• Blend standard deviations from previous days to identify turning points.
• Use one chart template to track standard deviations for multiple days.
• A 3 to 5 Pips variance is a significant confluence when trading at Kill Zones.
• The reason for the 3 to 5 Pips variance is due to slight differences in broker execution.

What is ICT trading strategy Model 5? \ Day Trading – Intraday Volatility Expansions

ICT Model 5 is a relatively simple yet effective day trading strategy that focuses on intraday volatility expansions. The strategy is not day specific, but the author prefers to trade it on Monday, Tuesday, or Wednesday. Traders should use a variety of entry techniques and should blend liquidity markers with time of day and standard deviations in intraday volatility expansions.

Trader should also mask their trading intentions to avoid being labeled as a professional trader and should intentionally lose some trades to avoid attracting attention from brokers. Traders should use flout range when the Central Bank dealers range and Asian range are less than the minimum criteria and should use Fibonacci expansion levels to identify potential trade setups.

Traders should also use the New York Kill Zone, London openThe London Open trading time is a period of high volatility in the forex market. It typically occurs between 2... More Kill Zone, and London close profit taking Kill Zone to identify potential trade entries. Finally, traders should blend standard deviations from previous days to identify turning points and should use one chart template to track standard deviations for multiple days.