Skip to content

ICT Concepts Course

ICT trading concepts, explained clearly

A free, structured course on the Inner Circle Trader (ICT) framework — liquidity, market structure, fair value gaps, order blocks, kill zones and complete entry models — with chart diagrams, worked examples, quizzes and worksheets. Original lessons, no hype, no promises of profit.

Lessons
57
Reading time
4 h 47 min
Cost
Free

The big picture

How the ICT framework fits together

ICT is a way of reading price around liquidity, time and imbalance. Every lesson in this course slots into one of four pillars.

  • Liquidity

    Where are the obvious stops? ICT assumes price is drawn toward those pools before it reverses or continues.

  • Structure & PD arrays

    Swings, breaks of structure and imbalance zones such as fair value gaps and order blocks frame where to act.

  • Time

    Kill zones and session opens narrow down when a setup is worth taking — and when to stay flat.

  • Bias & execution

    A top-down directional bias plus a repeatable entry model, defined stop and fixed risk per trade.

Entry model: sell-side liquidity sweep, market structure shift, fair value gap entryFVG (entry)Sell-side liquidityMSSStopSweepEntry
Illustration · The pillars combined: sell-side liquidity is swept, displacement shifts structure higher and leaves a fair value gap, and the retrace into that gap offers an entry with a stop below the sweep. Not real market data.

Curriculum

Six modules, in study order

Each module builds on the last. Progress is saved privately in this browser — no account needed.

Your progress0/57

Module 1 · The ICT mental model 42 min

Foundations

What ICT is, how it reads swings, BOS versus CHoCH, change in state of delivery, order flow, dealing ranges and premium versus discount.

  1. 1What Is ICT Trading?
  2. 2ICT Market Structure
  3. 3BOS vs CHoCH
  4. 4Displacement and MSS
  5. 5Change in State of Delivery (CISD)
  6. 6Institutional Order Flow
  7. 7Premium and Discount
  8. 8Dealing Ranges

Module 2 · Where the stops are 30 min

Liquidity

Where stop orders tend to cluster — equal highs and lows, previous day and week levels — how price runs them, and liquidity voids.

  1. 9Buy-Side and Sell-Side Liquidity
  2. 10Equal Highs and Equal Lows
  3. 11Previous Day and Week Highs/Lows
  4. 12Liquidity Sweeps and Stop Hunts
  5. 13Internal vs External Range Liquidity
  6. 14Liquidity Voids

Module 3 · Gaps, blocks and entry zones 1 h

PD Arrays

The zones ICT traders watch for entries: fair value gaps and their midpoints, volume imbalances and opening gaps, order, propulsion, rejection and breaker blocks, OTE and how to rank them.

  1. 15Fair Value Gap (FVG)
  2. 16CE and Mean Threshold
  3. 17First Presented FVG
  4. 18Inverse FVG (IFVG)
  5. 19Volume Imbalance and Opening Gaps
  6. 20Order Blocks
  7. 21Propulsion Blocks
  8. 22Rejection Blocks
  9. 23Breaker & Mitigation Blocks
  10. 24Balanced Price Range (BPR)
  11. 25Optimal Trade Entry (OTE)
  12. 26PD Array Matrix

Module 4 · When price moves 35 min

Time & Sessions

Why time of day matters in ICT: kill zones, macros, the Power of 3 daily cycle, the Judas swing, the Silver Bullet, opening prices and weekly profiles.

  1. 27ICT Kill Zones
  2. 28ICT Macros
  3. 29Power of Three (AMD)
  4. 30Judas Swing
  5. 31ICT Silver Bullet
  6. 32Opening Prices and Asian Range
  7. 33Weekly Profiles

Module 5 · Direction and setups 40 min

Bias & Models

Building a directional bias: top-down analysis, IPDA look-back ranges, the dollar index and intermarket clues, SMT divergence, standard deviation targets, market maker models and candle range theory.

  1. 34ICT Daily Bias
  2. 35Top-Down Analysis
  3. 36IPDA Data Ranges
  4. 37Intermarket Analysis & DXY
  5. 38SMT Divergence
  6. 39Standard Deviation Projections
  7. 40Market Maker Models
  8. 41Candle Range Theory (CRT)

Module 6 · Step-by-step setups 31 min

Entry Models

Complete, rule-based setups: how the main ICT entries compare, the 2022 model, the Unicorn, Turtle Soup, and the London and New York open models.

  1. 42ICT Entry Models Compared
  2. 43ICT 2022 Model
  3. 44Unicorn Model
  4. 45Turtle Soup Entry
  5. 46London Open Model
  6. 47New York Open Model

Module 7 · Putting it together 14 min

Execution & Risk

Risk and trade management, backtesting and journaling, and the mistakes that cost ICT learners most.

  1. 48Risk and Trade Management
  2. 49Backtesting and Journaling
  3. 50Common ICT Mistakes

Module 8 · Markets, styles and comparisons 35 min

Applied ICT

Using ICT on Nasdaq and S&P futures, gold and crypto, for scalping, day and swing trading and prop-firm challenges — and how it compares with supply and demand and Wyckoff.

  1. 51ICT vs Supply and Demand
  2. 52ICT vs Wyckoff
  3. 53ICT for NQ and ES
  4. 54ICT for Gold (XAU/USD)
  5. 55ICT for Bitcoin and Crypto
  6. 56Scalping, Day and Swing
  7. 57ICT for Prop Firm Challenges

Quick reference

ICT terms at a glance

Short definitions in plain English. Each links to the full lesson.

Liquidity
Clusters of resting stop and limit orders, usually just beyond obvious highs and lows.
Buy-side / sell-side liquidity
Orders resting above highs (buy-side) and below lows (sell-side).
Liquidity sweep
A brief push beyond a high or low that triggers resting orders and then reverses.
BOS
Break of structure: price clears a swing point in the direction of the existing trend.
MSS / CHoCH
Market structure shift (change of character): the first break against the prevailing trend.
Displacement
A fast, large-bodied move that shows strong one-sided order flow, often leaving gaps.
Premium / discount
The upper and lower halves of a dealing range, split at the 50% equilibrium.
PD array
Any premium or discount reference zone — gaps, blocks or levels — used for entries and targets.
Fair value gap (FVG)
A three-candle imbalance where the first and third candles' wicks do not overlap.
Inverse FVG
A fair value gap that price closes through, after which it may act in the opposite role.
Order block
The last opposite-colour candle before a displacement that breaks structure.
Breaker block
An order block that failed after a liquidity sweep and flipped from support to resistance (or vice versa).
Balanced price range
The overlap between a bullish and a bearish fair value gap.
OTE
Optimal trade entry: a retracement into roughly the 62%–79% Fibonacci zone of a leg.
Kill zone
A session window, in New York time, when ICT traders expect the most purposeful price movement.
Power of 3 (AMD)
Accumulation, manipulation and distribution: a model of how a candle or session unfolds.
Judas swing
An early false move in one direction before the session's main move in the other.
Silver Bullet
A time-based setup that looks for a fair value gap entry inside specific one-hour windows.
Daily bias
A view of which liquidity pool price is more likely to reach during the day.
SMT divergence
When two correlated markets disagree at a key high or low, hinting at a possible turn.
CISD
Change in state of delivery: a candle body closes back through the open of the last leg's run, an early sign the push is over.
Consequent encroachment
The 50% midpoint of a fair value gap (or a wick), watched as a reaction and invalidation level.
Volume imbalance
Two neighbouring candles whose bodies leave a small gap even though their wicks overlap.
NWOG / NDOG
New week and new day opening gaps: the price jump between one session's close and the next one's open.
Rejection block
The zone between a long wick's tip and the candle body at a swing high or low.
Liquidity void
A fast, one-sided stretch of price with little two-way trade, which price often revisits.
Macro
A short window of about 20 minutes, in New York time, when ICT traders watch for a liquidity run.
IPDA ranges
The highs and lows of the last 20, 40 and 60 trading days, used as liquidity targets.
Unicorn model
An entry where a breaker block and a fair value gap from the same move overlap.
Turtle soup
Fading a false breakout of an obvious high or low once price closes back inside the range.
Educational content only. ICT is one discretionary trading framework among many; its concepts are interpretive and not proven to produce profits. Nothing here is financial advice. Practise on a demo account first, and remember that leveraged trading carries a high risk of losing money quickly. FXPIPS ONLINE is not affiliated with the Inner Circle Trader.