Chapter 1 Understanding the Basics: Ticks, Points, and Pips
Before we dive into the ICT Silver Bullet Trading Model, it’s crucial to understand the concept of “ticks,” “points,” and “pips” and their relationship to Forex and futures. In the context of this model, the minimum trade framework for index futures or indices should be 10 points or 40 ticks. For Forex pairs, it should be 15 pips. This framework represents the best-case price delivery that you expect to see, not your actual trade entry to exit range. It’s about setting realistic expectations and understanding the potential of your trade.
