ICT Mentorship 2023 Gems

Summarized by @SirPickle_ as a google document here

1:30 Judas

"At the last portion of the day if you are bearish you can use the opening price at 1:30pm and use it the same way the Midnight/8:30 open is used. It's all fractal"

Draw the opening price of the 1:30pm candle. If you are expecting lower prices you want to see a manipulation move above the opening price.

Example 1

ES 1m

Example 2

ES 1m

• AM session buy stops ran
• RELs are the draw
• MSS + Displacement
• Short entry in the FVG 

Example 3

ES 1m

• High of day (HOD) Buy-side was swept and had a MSS + Displacement
• We look for a Judas Swing at 1:30pm into a premium PD Array
• Today that PD Array was a 1min FVG
• Could not get fill in the FVG so entry on the VIB

Example 4

ES 1m

• Lunch SSL swept and we had a MSS+Displacement (2022 model)
• DXY rejecting Daily OB means we should see higher prices in ES
• Unicorn setup provided entry at accumulation phase
• We look for Judas Swing at 1:30pm into a discount PD array (+OB offered entry at re-accumulation phase of the MMBM)

DXY 15m

Example 5

NQ 5m

• With the idea that price is drawing towards REL (12457.25), we look for a Judas Swing at 1:30pm into a premium PD array.
• Today that PD array was a 5m unicorn (Breaker+ FVG)

NQ 1m

Example 6

ES 2m

• Shorts been in control all week = expect short coverings going into the weekend
• We look for a Judas Swing at 1:30pm into a discount PD Array
• Today that PD array was a Unicorn  or even the +OB
• Price will now seek Buyside  Liquidity

ES 5m

Original Reference: ?

[top]

3PM Judas Swing

• The same concept can be applied to the 3pm session as well!
• From my personal experience I don't see this one happen as often or even act as reliable as the 1:30 Judas. For that reason I don't have many examples.

Example

ES1m

Original Reference: ?

[top]

New Week Opening Gap (NWOG)

The New Week Opening Gap is a strong price magnet

Draw it out every week onto your charts (Friday closing price to Sunday open price)

The market is going to gravitate back to it IF we are NOT TRENDING and many times become REAL support/resistance 

You should have the last 4 NWOGs + the current week's NWOG on your chart. So 5 in total. Have a separate template for only NWOG.

Doing so gives you an X-ray view of how the algorithm will refer back to old areas of real FAIR VALUE

Original Reference: ?

[top]

Understanding what multiple touches of NWOG means

If we see price come back to the NWOG multiple times intra week you are likely in a consolidation that's going to continue

Original Reference: ?

[top]

Gaps that don't fill are rocket fuel

This means price is in a hurry to reprice to a level that's outside the range its in currently (External range liquidity)

Every time we get in a trade we look for this signature 

Original Reference: ?

[top]

Understanding equilibrium of discount

Highest probability shorts have been exhausted once we move below equilibrium of DISCOUNT

Original Reference: ?

[top]

Understanding low probability conditions

Key Lesson: If you have 2 equally probable outcomes you are trading in low probability conditions and essentially gambling . Sit on the sidelines and demand more information.

Original Reference: ?

[top]

New Day Opening Gap (NDOG)

When we open at 6pm, drag a rectangle from the 5pm closing price to the 6pm open

Extend that throughout the next 12-16 hours. That will act much like you see with the NWOG

Example of precision with NDOG:

Original Reference: ?

[top]

Quarter of the wick

When there is a bearish heavy stance on price, C.E of a wick is likely not to be traded too.

If you suspect that is the case, you get the very specific price level of one quarter of the wick

Original Reference: ?

[top]

PM session running AM session Buy stops

If you see a trending morning session like below, ask yourself where are shorts trailing their stops?

Expect the PM session to take those stops

ES 1 min

Original Reference: ?

[top]

Market on close Macro

In a up close day rarely do you see the candle close on the high unless its a trending day.

Typically it creates the intraday HOD then pulls away from it and closes near the high.

This is the market on close Macro

Original Reference: ?

[top]

3:15-3:45 Sweet Spot

Generally you will find between 3:15-3:45pm a sweet spot to place a trade if we know where we are looking for liquidity.

Above the market place if bullish

Below the market place if bearish

OR

if there is an imbalance we will look to rebalance it

The algo will spool to a obvious point of liquidity that had not been targeted yet

Example

Original Reference: ?

[top]

The Upper Quarter Concept

If you believe that you have figured out where the low is in the market for a particular price swing and you think its gonna go up to an old high where BSL is, the equilibrium of that run and below is where the best buy opportunities occur.

As soon as we get to the upper quarter of where the target is, the market is not likely to go back for sell stops. This is because price will be in a hurry to run out Buy stops in so traders don't get the opportunity for those orders to be pulled.

ES 2m

Original Reference: ?

[top]

Regular Trading Hours (RTH)

When trading futures indices you need to also consider how we closed the previous session and where we opened at 9:30 because that difference is a REAL Liquidity Void. We call it the Opening range gap.

Price has a tendency to not let these areas stay unfilled for too long.

At 9:30 open, every single day as an index futures trader you are going to toggle RTH on and identify the Opening Range Gap:

We are opening up with a Premium if the gap is higher than the previous session close

We are opening up at a Discount if the gap is lower than the previous session close

Reviewing the relationship between the Daily VIBs and RTH gap + Understanding opening at a premium/discount of RTH:

Original Reference: ?

[top]

When to expect Seek and Destroy conditions

1) On the heels of any holiday that impacts normal trading hours the very next trading session, the morning is likely to be VERY low probability/choppy. The market is more prone to seek and destroy conditions

(For example on Monday the market is closed due to a bank holiday, expect a choppy AM session going into Tuesday)

-Let the market fall back to its normalcy

-Only retail traders are rushing to the markets on a day like this like gamblers at a casino

2) Higher Time frame target is delivered prior to 9:30 am open expect a choppy AM session

3) Asia High and Low are raided during the London session. Then London High and Low are raided during NY creating a broadening formation

Original Reference: ?

[top]

Implied FVG

How to identify a FVG when there is no "gap" and only overlapping wicks

Original Reference: ?

[top]

When 3 PD Arrays fail you're fucked

"When 3 PD arrays fail you're fucked.  It's going the other direction."

References:

• How To Fail & Not Know It Until It's Too Late - Feb 2, 2023 (@13m 56s)
• Feb 10, 2023 Market Review (@38m 20s)

[top]

A CLOSE below the swing low that we would see as being a Market Structure Shift, we treat it as a Breaker

Original Reference: ?

[top]

3 candle price action signature

Original Reference: ?

[top]

Event Horizon

Half way between a NWOG and the closest NWOG is the Event Horizon

It will not allow price to escape the draw to the NWOG and it will create a surge towards the NWOG it got too "close" to but yet reached

Example 1

ES 15m

ES 2m

Example 2

ES 15m

Example 3

ES 15m

Original Reference: ?

[top]

How to avoid taking a low probability FVG

How to AVOID taking low probability FVGs using DXY

Original Reference: ?

[top]

How far can you trust price to go above BSL or SSL for a Turtle Soup?

How far can you trust price to go above BSL or SSL for a Turtle Soup?

NWOG

NDOG

Opening Range Gap

These are 3 specific tools you can use to answer this question

Original Reference: ?

[top]

NWOG Actual and NWOG

NWOG Actual = Fridays close to Sundays Open

NWOG = Fridays close to Mondays Equities Open at 9:30am

(On a personal note I don't use NWOG from close to Monday 9:30 open.  All I use is NWOG Actual and I think that's more than enough)

Original Reference: ?

[top]

Macros

A macro is a window of time where the algorithm will seek untapped liquidity or an imbalance. You can split your day up into windows of time and only trade these macros!

You can enter prior to the macro beginning.

The run will originate inside the macro time but does not have to complete it. It can still deliver after macro close

The NY session Macros (All NY eastern time):

9:50-10:10am (MY FAVORITE)

10:50-11:10 am

11:50-12:10 pm (l never trade this one...)

1:30pm Judas

3:15-3:45 pm "Sweet Spot"

As a bonus here are some example of my favorite macro 9:50-10:10:

Example 1 (ES 1 min)

SSL swept right at open into Daily C.E level

MSS+Displacement created FVG and +OB

SMT with NQ

Long entry in FVG

Target most recent high break/ NWOG

I would also like to add that The RTH gap gave me a soft bullish bias this morning which gave me confidence in tak)ing this long. As you can see we filled it PERFECTLY (ES 15 min 

Example 2 (ES 1 min)

A couple ES NFP Friday Scalps

1st:

LOD sweep + 1H FVG C.E

Strong Displacement creating FVG

1m bearish FVG clear DOL

2nd:

Entry off inversion level and +OB

Scale at new short term high

Wanted 3916 but stopped B.E on runners

Example 3 (ES 1 min)

Market left REHs at the London High

Previous Week's low Sell side swept and had a MSS+Displacement (2022 model)

DXY had a liquidity void to fill below meaning ES

Long entry in the Unicorn

DXY 15 min

Original Reference: ?

[top]

10-11am Silver Bullet

Here's something to backtest 

According to ICT, between 10-11am NY time you will find a FVG that delivers 5 handles EVERY day 100% guaranteed

It'll ALWAYS be there aiming for an opposing pool of liquidity

You will find it on the 1min, 30s, or 15s timeframe

This is true even on choppy days and shortened bank holidays where market closes early

Simply put, the Silver Bullet is always a continuation of whatever is in motion at the time. If you cant determine what is in motion dont take the Silver Bullet.

When in doubt stay out!

This tidbit came from the May 6 Twitter space which imo is one of the best/most informative ones he has held... check it out when you get the chance:

Original Reference: ICT Twitter Space | Time Based Setups & Models | May 6th 2023

[top]

MSS after 1pm

If there is a shift in Market Structure after 1pm,

Price will most likely run for Lunch and AM  Session Buy Stops 

Original Reference: ?

[top]

How to use NWOG inside of old areas of orderflow

ES 5m

Original Reference: ?

[top]

Immediate Rebalance

If we are bullish and price does this formation it is one of the most powerful signatures for IMMEDIATE  dynamic price delivery

Original Reference: ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow

[top]

Using NWOG to analyze market conditions

Original Reference: ?

[top]

Inversion FVG example

If a market closes above a FVG that you think should be bearish, thats not a good shorting opportunity

Many times its communicating to you it will become an inversion  FVG

$ES  example

Original Reference: ?

[top]

How to approach the lunch hour when bias/target is clear

Price hasn't reached Daily/Weekly Target? Expectation for lunch hour is too look for a 5/15min low or RELs

If there is a FVG or VIB just underneath that low that is a UNICORN

Original Reference: ?

[top]

Seek and Destroy cheat sheet

Original Reference: ?

[top]

Partials at wicks/long tails

Whenever there is a wick/long tail inside of the range you are trading in and your position affords it, ALWAYS take a partial at the midpoint (CE)

Often times price can trade right to the CE of the wick, stop on a dime, consolidate, or straight up reverse.

Original Reference: ?

[top]

Understanding Balanced Price Ranges(BPRs)

Original Reference: ?

[top]

More Silver Bullet gems

The Silver Bullet FVG does NOT have to happen inside the one hour period. Only the entry does.

It can refer back to a FVG that formed in the run up if its bullish between 9:30-10am (vice versa)

There is a macro that begins at 1:30pm that sets the tone and pace for the 2-3pm Silver Bullet.

Original Reference: ?

[top]

ICT Glossary of terms

BB  - Breaker Block

BISI  - Buyside Imbalance Sellside Inefficiency

BPR  - Balanced Price Range

BRK  - Breaker

BSL  - Buyside  Liquidity

CE  - Consequent Encroachment (Inefficiencies Only)

DOL  - Draw on Liquidity

EQH  - Equal Highs

EQL  - Equal Lows

FVG  - Fair Value Gap

iFVG  - Implied Fair Value Gap

HRLR  - High Resistance Liquidity Run

IDM  - Inducement

IOFED -  Institutional Orderflow  Entry Drill

LRLR  - Low Resistance Liquidity Run

MB  - Mitigation Block

MMBM  - Market Maker Buy Model

MMSM  - Market Maker Sell Model

MMXM  - Market Maker Model

MSS  - Market Structure Shift

MT  - Mean Threshold (Blocks Only)

NDOG  - New Day Opening Gap

NFP  - Non Farm Payroll

NWOG  - New Week Opening Gap

OB  - Orderblock  

OTE  - Optimal Trade Entry

PA  - Price Action

PB  - Propulsion Block

PD  - Premium / Discount

PD Array  - Any type of ICT entry (FVG, VI, OB etc)

PDH  - Previous Day High

PDL  - Previous Day Low

PWH  - Previous Week High

PWL  - Previous Week Low

RB  - Rejection Block

SIBI  - Sellside  Imbalance Buyside  Inefficiency

SSL  - Sellside Liquidity

VI  - Volume Imbalance

[top]