ICT Forex Scout Sniper Basic Field Guide - Vol. 1

Course Introduction and Setup
📌 The course is an 8-part series offering a comprehensive, hands-on approach to utilizing ICT scout sniper concepts, moving beyond theoretical teaching.
💻 The required trading platform for instruction and practice drills is MT4 (MetaTrader 4), available as a free download, specifically referencing Forex.com Ltd for demo accounts only.
⚠️ Participants are strongly advised not to use live funds for learning; all material is for personal development in a demo setting.

Sniper Setup Classification
🎯 A "sniper setup" is classified by coupling precision point entry prices (using limit orders) with specific time of day criteria to anticipate price swings.
📉 It also requires advanced knowledge of target prices for exits and strict adherence to risk management protocols.
🧘‍♂️ Successful execution hinges on calm, focused, and disciplined trading without emotional interference, finding a niche (scalper, swing trader, etc.).

Realistic Expectations and Commitment
❌ No trading strategy guarantees 100% profit; traders must expect to lose money (live or demo) and miss opportunities.
⏳ A minimum commitment of six months of dedicated work studying the concepts is required for the material to be beneficial.
📊 Results will not be identical across all users; traders must personalize the tools and not compare monetary results, focusing instead on incremental steps toward better understanding.

Core Methodology and Homework Assignment
📚 The methodology is based on the "Triple Screen" principle learned from Alexander Elder’s book, *Trading for a Living*, focusing on determining market direction first.
📝 The initial homework involves studying EUR/USD (the "Fiber") on the 15-minute chart, starting from August 2013, to identify repeating price models and swing points.
📈 Students must print charts, draw lines, and meticulously note the time of day (GMT) for every intraday high/low and turning point over 30 actual trading days across both 5-minute and 15-minute charts.

Key Points & Insights
➡️ Utilize the Fractals indicator in MT4 initially to help identify and train the eye to see swing lows (two higher lows) and swing highs (two lower highs) in real-time.
➡️ Chart cleanliness is secondary initially; the key is to "be messy," drawing notations directly on printed charts (saved as images from MT4) using hand-drawn lines for support/resistance.
➡️ The ultimate goal of the initial assignment is to build an immense understanding of time and price mechanics, noting when key swings happen relative to the GMT clock shown on the MT4 platform.

📸 Video summarized with SummaryTube.com on Feb 28, 2026, 00:16 UTC