ICT Concepts
This concept describes the ideal retracement zone many ICT traders use for entries instead of apeing into the first candle that looks “kinda clean.”
What is OTE?
When price raids old highs or lows to trigger stops before reversing, traders say it’s taking this.
What is liquidity?
These tools go on your chart and try to help you not take completely brain-dead entries.
What are indicators?
This is the daily loss rule that gets traders clipped when they decide revenge trading is a valid recovery strategy.
What is the daily drawdown limit?
This is what traders call it when they enter after the move already happened because they got emotionally attached to the candle.
What is FOMO?
This acronym refers to a shift in how price is being delivered and can help traders spot a change in behavior.
What is CISD?
This session range is commonly tracked before New York opens because it often becomes a key target later in the day.
What is the Asia range?
If a tool maps PDH, PDL, session highs/lows, and equal highs, it’s mainly helping you organize this market objective.
What is liquidity targeting?
This is the maximum total loss allowed on an account before the challenge or funded account is failed.
What is the max drawdown?
This is the thing every trader swears they respect until they move it three times and blame “market manipulation.”
What is a stop loss?
In ICT, this term is used to describe whether price is relatively expensive or cheap within a dealing range.
What is premium and discount?
These two daily levels are among the most commonly watched liquidity targets on the chart.
What are the previous day high and previous day low?
If an indicator helps traders confirm whether price is changing behavior after a move, it may be helping identify this ICT concept.
What is CISD?
This is the goal a trader must hit in order to pass a prop firm evaluation phase.
What is the profit target?
If a trader says “I got wicked out and then it went exactly where I wanted,” they’re usually describing this kind of price action.
What is a liquidity sweep?
This is the midpoint of a dealing range that separates premium from discount.
What is equilibrium?
These form when multiple highs or lows sit near the same price, basically begging to get run.
What are equal highs and equal lows?
This feature helps traders line up information from multiple timeframes instead of pretending the 1-minute chart contains the meaning of life.
What is multi-timeframe confluence?
This term describes how much of the payout the trader actually gets to keep.
What is the profit split?
This dangerous condition happens when a trader wins two setups in a row and starts acting like they invented price action.
What is overconfidence?
This term describes a strong move away from an area that often signals intent and leaves behind useful information.
What is displacement?
Name three common liquidity pools an intraday trader might track during the session.
What are Asia high, London high, and previous day high/low?
If a tool combines OTE zones, SMT divergence, rejection blocks, and liquidity levels, the main thing it’s trying to improve is this.
What is execution? (acceptable: decision-making, confluence, clarity)
Many prop firms restrict traders from holding trades through these major scheduled market-moving events.
What is high-impact news?
The real enemy of most traders is not the market, but this habit of abandoning a plan after a few losses and pretending the strategy was trash.
What is lack of discipline?