ICT Daily Bias - The Only Video You Will Ever Need!

How's it going everyone? This video is going to be over daily bias and draw on liquidity. We'll go through the PDF and then a bunch of examples.

And before we get into it, I'd like to give a big thank you to the MMXM trader for teaching me many of these concepts as well as his next day model.

The easiest way to frame a draw on liquidity or have daily bias is using previous day high and low.

So for example up here, unless price is

going to consolidate and not take out the low or the high of the previous day, we are going to have it either take previous day high, previous day low, or both of these.

So the way I look at it is price more likely to take previous day high or previous day low.

In this case, I would expect price to be reaching for previous day high

as we are trending upwards, so that would be my draw on liquidity.

Similarly over here, we are trending down, so I'd expect price to reach for previous day low.

Previous day high and low can also be used as liquidity pools to frame a reversal.

So for example here, we reach into this previous day high, we can't displace above it, and price reverses.

Similarly over here, we reach below this previous day low, can't displace, and we come back in the range.

So for example here, just using previous day highs and lows, we have our previous day high.

A reversal is framed off a previous day high.

From here, since we close back in, I'm expecting price to reach for previous day low.

As shown here, we reach for this previous day low.

The next day, a reversal is framed off of this previous day low, as it cannot displace below.

Now from here, I'd expect the next day to reach for this previous day high and continue to reach for previous day high until a drawn liquidity is met.

So let's hop into the charts and look at a few examples of this. So in this example, we're just going to take a look at using previous day highs and lows to frame bias or a drawn liquidity.

So for example, here we have our previous day high and we closed above it.

So I would like to see price move higher. An easy draw would be this previous day high.

Letting price move forward, we close over it again.

So another easy draw on liquidity would be this previous high.

Right here, we take our previous high, but we can't close over it. We fall back in.

So now I'd want to see if previous day low gets taken and my draw on liquidity or my bias would be short.

so now we reach and close below and now I want to see do we close or reach below previous day low

right there we reach below previous day low and close so now I want to see do we reach below

previous day low again reach

below previous day low and close so I want to see if we take previous day low again right here you can see we take previous day low don't close outside the range

So now I would want to see a move higher or a reach for a previous day high.

Close outside the range, so bullish or reach for this previous day high.

Right there, we actually gap above it, come back in the range. So this would be bearish for me.

So I'd want to see if we reach for this previous day low. Right here we do, but we can't close outside this range.

So now I'd want to see previous day high. or be bullish.

Right here you can see we actually

took the low and the high and so what I look for here is we swept this low, couldn't close below it, and we actually take previous day high and close outside of it.

So from here I will be looking for previous day high.

And then we get a very large

candle up expecting some sort of consolidation but

if we don't stay inside i'd want to see previous day

high right here you can see

we took previous day high so now i'd want to

look towards previous day low and close below there so where would i want to see previous day high or be bullish

and there we go close out so then once again can look for previous day high

Close over that. And look for previous day high. And you guys get the point by now.

Now it won't be like this every day but I hope you can see how just using previous day highs and lows I can frame an easy drawn liquidity bias or an area for a reversal.

So let's get back to the pdf and look at some other examples.

Another thing I look for is the previous week's high and low.

So for example here, we have a weekly range, and I will mark out the high and the low.