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- Watch the full ICT Silver Bullet lesson
- What is the ICT Silver Bullet?
- The three Silver Bullet time windows
- Five reasons Silver Bullet trades fail
- A five-step checklist before considering an entry
- EURUSD example: 4-hour context to 5-minute execution
- Related FRANKFX lessons
- The short version
- What changes most often
- What stays useful
Watch the full ICT Silver Bullet lesson
This long-form FRANKFX TRADER lesson explains why Silver Bullet trades fail and walks through a EURUSD example from higher-timeframe context to a 5-minute entry.
What is the ICT Silver Bullet?
The ICT Silver Bullet is a time-based intraday approach that looks for a liquidity event and a subsequent price-delivery setup during a defined one-hour New York session window. Traders commonly study a fair value gap after a liquidity sweep and a shift in short-term structure. The time window is part of the model; a fair value gap appearing at any hour is not automatically a Silver Bullet setup.
The three Silver Bullet time windows
- 3:00–4:00 AM New York time
- 10:00–11:00 AM New York time
- 2:00–3:00 PM New York time
Convert the relevant window to your local time and account for daylight-saving changes in New York. Do not use a fixed local-clock conversion throughout the year without checking the current offset.
Five reasons Silver Bullet trades fail
- Wrong time: the setup forms outside the defined session window.
- No liquidity sweep: price has not taken a meaningful nearby high or low.
- Against the broader bias: the entry conflicts with higher-timeframe structure.
- Weak fair value gap: the displacement and imbalance are unclear.
- No room to target: nearby opposing structure leaves insufficient reward relative to risk.
A five-step checklist before considering an entry
- Confirm the correct New York time window.
- Establish higher-timeframe direction and nearby dealing range.
- Wait for price to take a relevant liquidity level.
- Look for displacement and a clear fair value gap with a structure shift.
- Define invalidation, stop distance and a realistic liquidity target before sizing the position.
A sweep, structure shift or gap can fail. Avoid treating any single condition as a guaranteed signal. If the setup is late, unclear or has little room to target, skip it.
EURUSD example: 4-hour context to 5-minute execution
The video demonstrates a EURUSD walkthrough using a 4-hour directional context and a 5-minute execution chart. Use the example to study the sequence—bias, liquidity sweep, break of structure, fair value gap and planned exit—not to copy old price levels onto a live chart.
Related FRANKFX lessons
Continue with our supply and demand strategy, forex risk management guide and fair value gap lesson.
Forex and CFD trading involve substantial risk. This article is educational, not financial advice or a live trade signal. Leverage can magnify losses; only trade with money you can afford to lose.
The short version
Skim the headings, jump to the section that matches what you actually need, and use the references at the bottom if you want primary sources. That’s the fastest way through this topic.
What changes most often
- Specific tool names, prices and platform features — re-check anything pricing-related before acting on it.
- Best-practice advice — last year’s answer is often wrong this year.
- Regulatory or policy details — these can shift in a single news cycle.
What stays useful
- The underlying first principles — those don’t change.
- Your own checklists from past attempts — they beat any generic article.