You probably heard of Macros before... It's a powerful concept, and I use it in my trading plan. But most traders don't know how to use them effectively. So today, I'll be giving you a detailed guide on ICT Macros 🧵
First, you need to know the definition of a macro.
Here are the most used Macro timings. All times are in EST.
So a Macro is just a time window. There's nothing you can do with that information alone. But when you blend it with Price, it becomes an extremely powerful tool.
This is the Price Delivery Matrix. It shows you what price can do at any given time.
When we blend Macros, with the Price Delivery Matrix... We get 3 different types of Macros.
First is an expansion Macro. This is where price will start on continue expanding in one direction.
Here are some trades that I took using the Expansion Macro. FYI, all trades were taken live on stream. No hindsight.
Next is the Consolidation Macro. We want to avoid trading during this macro, and wait for the macro to finish before trading.
Finally, we have the Retracement or Reversal Macro. In this case, price will either retrace or form a reversal during the macro. Usually common to occur during the 9:50 - 10:10 macro.
Here is a trade I took based on the Retracement / Reversal Macro. Again, I took this live on stream. Not hindsight.
And that's a wrap! To learn more, you can download this free cheatsheet on ICT Macros. Download my free ICT Macro Cheatsheet here 👇 https://www.simpletraders.io/i...
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