Yes, I think the ICT process implies a bit more of preparation if compared to other systems. But on the ICT's Youtube channel all the materials you need to trade based on ICT are found.
I am the Mentor of your Mentor.
www.youtube.com
Basically and I won't try to be extensive nor precise in my explanation, if you watch the Youtube videos you will find what you need:
- Market Maker programs.
- Institutional order-flow. Specially order-blocks, pivot points, old highs and lows, breakers and mitigation blocks.
- Interest rates and other correlated factors and instruments.
- Multi-timeframe analysis.
- OTE pattern.
- In order to apply ICT, I think you need to be aware of a key concept that is the break in market structure and the smart-money shift as well; all understood within the ICT conceptual framework that is explained on the ICT Youtube channel.
The BMS is when an important swing is broken announcing a directional bias potential change and the SMS is when there is a return to an old order block or liquidity area, a mitigation of previous orders. ICT teaches to enter during these retracements. The following schema is one of the structures I pursue most often. Just take it as a generic idea, because I may be wrong in my interpretation and it may have flaws.
In any case, please just take it, because I do not teach nor have time to give further explanations about something that is already explained by the author on Youtube.
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My advice, in any case, is to study for six months at least, maybe for one year, all the materials shared on Youtube, taking detailed notes and screenshots. I used to draw by hand even the different chart patterns that Michael describes on his videos. Then you can be practising and studying for another six months. And when you see that you are still not being profitable, then you should start again to study the materials and you will start to match ideas.
You do not need anything else other that was Michael has uploaded to his Youtube channel. One of the most important series is the Scout Sniper series; I think it shows the elementary ideas; but you also need to frame all inside the market-maker program and all the points I have written before.
This is a long journey that requires a lot of work, trading is not anything someone can explain to you, you need to learn it by yourself the same you need to spend 8 hours a day playing piano to become a decent musician.
Finally, Michael has a private mentorship program as well if you find anything missing.