Wiki source code of ICT Mentorship 2023 Gems

Version 10.3 by Drunk Monkey on 2023-09-03 15:13

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9.1	1	{{box cssClass="box floatinginfobox" title="Table of Contents"}}
10.3	2	{{toc depth="3" numbered="true" start="2"/}}
9.1	3	{{/box}}
5.1	4
10.3	5	Summarized by [[@SirPickle_>>https://twitter.com/SirPickle_]] as a google document [[here>>https://docs.google.com/document/d/14x_13c98oq3u-FrVWK3Nh9gGLYKzBzgLgBRTdgOBAhs]]
1.1	6
	7	== 1:30 Judas ==
2.1	8
4.1	9	"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"
	10
	11	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.
	12
	13	=== Example 1 ===
	14
	15	==== ES 1m ====
	16
	17	[[image:image35.png]]
	18
	19	=== Example 2 ===
	20
	21	==== ES 1m ====
	22
10.1	23	* AM session buy stops ran
	24	* RELs are the draw
	25	* MSS + Displacement
	26	* Short entry in the FVG
6.2	27
	28	[[image:image17.png]]
	29
4.1	30	=== Example 3 ===
	31
	32	==== ES 1m ====
	33
10.1	34	* High of day (HOD) Buy-side was swept and had a MSS + Displacement
	35	* We look for a Judas Swing at 1:30pm into a premium PD Array
	36	* Today that PD Array was a 1min FVG
	37	* Could not get fill in the FVG so entry on the VIB
6.2	38
	39	[[image:image23.png]]
	40
4.1	41	=== Example 4 ===
	42
	43	==== ES 1m ====
	44
10.1	45	* Lunch SSL swept and we had a MSS+Displacement (2022 model)
	46	* DXY rejecting Daily OB means we should see higher prices in ES
	47	* Unicorn setup provided entry at accumulation phase
	48	* We look for Judas Swing at 1:30pm into a discount PD array (+OB offered entry at re-accumulation phase of the {{glossaryReference glossaryId="Glossary" entryId="MMBM"}}MMBM{{/glossaryReference}})
7.1	49
	50	[[image:image13.png]]
	51
	52	==== DXY 15m ====
	53
8.1	54	[[image:image15.png]]
7.1	55
4.1	56	=== Example 5 ===
	57
	58	==== NQ 5m ====
	59
10.3	60	* 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.
	61	* Today that PD array was a 5m unicorn (Breaker+ FVG)
10.2	62
	63	[[image:image49.png]]
	64
	65	==== NQ 1m ====
	66
	67	[[image:image33.png]]
	68
4.1	69	=== Example 6 ===
	70
	71	==== ES 2m ====
	72
10.3	73	* Shorts been in control all week = expect short coverings going into the weekend
	74	* We look for a Judas Swing at 1:30pm into a discount PD Array
	75	* Today that PD array was a Unicorn or even the +OB
	76	* Price will now seek Buyside Liquidity
4.1	77
10.2	78	[[image:image44.png]]
	79
	80	ES 5m
	81
	82	[[image:image37.png]]
	83
3.1	84	====== ~[[[top>>path:#]]] ======
2.1	85
10.3	86	== 3PM Judas Swing ==
	87
	88	* The same concept can be applied to the 3pm session as well!
	89	* 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.
	90
	91	=== Example ===
	92
	93	==== ES1m ====
	94
	95	[[image:image14.png]]
	96
	97	====== ~[[[top>>path:#]]] ======
	98
6.2	99	== New Week Opening Gap (NWOG) ==
2.1	100
10.3	101	The New Week Opening Gap is a strong price magnet
	102
	103	Draw it out every week onto your charts (Friday closing price to Sunday open price)
	104
	105	The market is going to gravitate back to it IF we are NOT TRENDING and many times become REAL support/resistance
	106
	107	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.
	108
	109	Doing so gives you an X-ray view of how the algorithm will refer back to old areas of real FAIR VALUE
	110
	111	[[image:image6.png]]
	112
3.1	113	====== ~[[[top>>path:#]]] ======
2.1	114
6.2	115	== Understanding what multiple touches of NWOG means ==
2.1	116
10.3	117	If we see price come back to the NWOG multiple times intra week you are likely in a consolidation that's going to continue
	118
	119	[[image:image11.png]]
	120
3.1	121	====== ~[[[top>>path:#]]] ======
2.1	122
6.2	123	== Gaps that don't fill are rocket fuel ==
2.1	124
10.3	125	This means price is in a hurry to reprice to a level that's outside the range its in currently (External range liquidity)
	126
	127	Every time we get in a trade we look for this signature
	128
3.1	129	====== ~[[[top>>path:#]]] ======
2.1	130
6.2	131	== Understanding equilibrium of discount ==
2.1	132
10.3	133	Highest probability shorts have been exhausted once we move below equilibrium of DISCOUNT
	134
	135	[[image:image28.png]]
	136
3.1	137	====== ~[[[top>>path:#]]] ======
2.1	138
1.1	139	== Understanding low probability conditions ==
2.1	140
10.3	141	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.
	142
	143	[[image:image42.png]]
	144
3.1	145	====== ~[[[top>>path:#]]] ======
2.1	146
6.2	147	== New Day Opening Gap (NDOG) ==
2.1	148
10.3	149	When we open at 6pm, drag a rectangle from the 5pm closing price to the 6pm open
	150
	151	Extend that throughout the next 12-16 hours. That will act much like you see with the NWOG
	152
	153	[[image:image16.png]]
	154
	155	Example of precision with NDOG:
	156
	157	[[image:image46.png]]
	158
3.1	159	====== ~[[[top>>path:#]]] ======
2.1	160
1.1	161	== Quarter of the wick ==
2.1	162
10.3	163	When there is a bearish heavy stance on price, C.E of a wick is likely not to be traded too.
	164
	165	If you suspect that is the case, you get the very specific price level of one quarter of the wick
	166
	167	[[image:image2.png]]
	168
3.1	169	====== ~[[[top>>path:#]]] ======
2.1	170
1.1	171	== PM session running AM session Buy stops ==
2.1	172
10.3	173	If you see a trending morning session like below, ask yourself where are shorts trailing their stops?
	174
	175	Expect the PM session to take those stops
	176
	177	ES 1 min
	178
	179	[[image:image26.png]]
	180
3.1	181	====== ~[[[top>>path:#]]] ======
2.1	182
6.2	183	== Market on close Macro ==
2.1	184
10.3	185	In a up close day rarely do you see the candle close on the high unless its a trending day.
	186
	187	Typically it creates the intraday HOD then pulls away from it and closes near the high.
	188
	189	This is the market on close Macro
	190
	191	[[image:image31.png]]
	192
3.1	193	====== ~[[[top>>path:#]]] ======
2.1	194
1.1	195	== 3:15-3:45 Sweet Spot ==
2.1	196
10.3	197	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.
	198
	199	Above the market place if bullish
	200
	201	Below the market place if bearish
	202
	203	OR
	204
	205	if there is an imbalance we will look to rebalance it
	206
	207	The algo will spool to a obvious point of liquidity that had not been targeted yet
	208
	209	Example
	210
	211	[[image:image1.png]]
	212
3.1	213	====== ~[[[top>>path:#]]] ======
2.1	214
1.1	215	== The Upper Quarter Concept ==
2.1	216
10.3	217	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.
	218
	219	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.
	220
	221	ES 2m
	222
	223	[[image:image18.png]]
	224
3.1	225	====== ~[[[top>>path:#]]] ======
2.1	226
6.2	227	== Regular Trading Hours (RTH) ==
2.1	228
10.3	229	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.
	230
	231	Price has a tendency to not let these areas stay unfilled for too long.
	232
	233	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:
	234
	235	We are opening up with a Premium if the gap is higher than the previous session close
	236
	237	We are opening up at a Discount if the gap is lower than the previous session close
	238
	239	[[image:image30.png]]
	240
	241	[[image:image34.png]]
	242
	243	Reviewing the relationship between the Daily VIBs and RTH gap + Understanding opening at a premium/discount of RTH:
	244
	245	[[image:image9.png]]
	246
	247	[[image:image25.png]]
	248
3.1	249	====== ~[[[top>>path:#]]] ======
2.1	250
1.1	251	== When to expect Seek and Destroy conditions ==
2.1	252
10.3	253	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
	254
	255	(For example on Monday the market is closed due to a bank holiday, expect a choppy AM session going into Tuesday)
	256
	257	-Let the market fall back to its normalcy
	258
	259	-Only retail traders are rushing to the markets on a day like this like gamblers at a casino
	260
	261	2) Higher Time frame target is delivered prior to 9:30 am open expect a choppy AM session
	262
	263	3) Asia High and Low are raided during the London session. Then London High and Low are raided during NY creating a broadening formation
	264
3.1	265	====== ~[[[top>>path:#]]] ======
2.1	266
6.2	267	== Implied FVG ==
2.1	268
10.3	269	How to identify a FVG when there is no "gap" and only overlapping wicks
	270
	271	[[image:image20.png]]
	272
3.1	273	====== ~[[[top>>path:#]]] ======
2.1	274
1.1	275	== When 3 PD Arrays fail your fucked ==
2.1	276
10.3	277	"When 3 PD arrays fail your fucked... it's going the other direction now"
	278
	279	[[image:image22.png]]
	280
3.1	281	====== ~[[[top>>path:#]]] ======
2.1	282
6.2	283	== A CLOSE below the swing low that we would see as being a Market Structure Shift, we treat it as a Breaker ==
2.1	284
10.3	285	[[image:image3.png]]
	286
3.1	287	====== ~[[[top>>path:#]]] ======
2.1	288
6.2	289	== 3 candle price action signature ==
2.1	290
10.3	291	[[image:image53.png]]
	292
3.1	293	====== ~[[[top>>path:#]]] ======
2.1	294
6.2	295	== Event Horizon ==
2.1	296
10.3	297	Half way between a NWOG and the closest NWOG is the Event Horizon
	298
	299	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
	300
	301	Example 1
	302
	303	ES 15m
	304
	305	[[image:image38.png]]
	306
	307	ES 2m
	308
	309	[[image:image10.png]]
	310
	311	Example 2
	312
	313	ES 15m
	314
	315	[[image:image52.png]]
	316
	317	Example 3
	318
	319	ES 15m
	320
	321	[[image:image21.png]]
	322
3.1	323	====== ~[[[top>>path:#]]] ======
2.1	324
1.1	325	== How to avoid taking a low probability FVG ==
2.1	326
10.3	327	How to AVOID taking low probability FVGs using DXY
	328
	329	[[image:image43.png]]
	330
3.1	331	====== ~[[[top>>path:#]]] ======
2.1	332
6.2	333	== How far can you trust price to go above BSL or SSL for a Turtle Soup? ==
2.1	334
10.3	335	How far can you trust price to go above BSL or SSL for a Turtle Soup?
	336
	337	NWOG
	338
	339	NDOG
	340
	341	Opening Range Gap
	342
	343	These are 3 specific tools you can use to answer this question
	344
	345	[[image:image50.png]]
	346
3.1	347	====== ~[[[top>>path:#]]] ======
2.1	348
6.2	349	== NWOG Actual and NWOG ==
2.1	350
10.3	351	NWOG Actual = Fridays close to Sundays Open
	352
	353	NWOG = Fridays close to Mondays Equities Open at 9:30am
	354
	355	(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)
	356
	357	[[image:image47.png]]
	358
3.1	359	====== ~[[[top>>path:#]]] ======
2.1	360
6.2	361	== Macros ==
2.1	362
10.3	363	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!
	364
	365	You can enter prior to the macro beginning.
	366
	367	The run will originate inside the macro time but does not have to complete it. It can still deliver after macro close
	368
	369	The NY session Macros (All NY eastern time):
	370
	371	9:50-10:10am (MY FAVORITE)
	372
	373	10:50-11:10 am
	374
	375	11:50-12:10 pm (l never trade this one...)
	376
	377	1:30pm Judas
	378
	379	3:15-3:45 pm "Sweet Spot"
	380
	381
	382	As a bonus here are some example of my favorite macro 9:50-10:10:
	383
	384	Example 1 (ES 1 min)
	385
	386	SSL swept right at open into Daily C.E level
	387
	388	MSS+Displacement created FVG and +OB
	389
	390	SMT with NQ
	391
	392	Long entry in FVG
	393
	394	Target most recent high break/ NWOG
	395
	396	[[image:image12.png]]
	397
	398	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
	399
	400	[[image:image19.png]]
	401
	402	Example 2 (ES 1 min)
	403
	404	A couple ES NFP Friday Scalps
	405
	406	1st:
	407
	408	LOD sweep + 1H FVG C.E
	409
	410	Strong Displacement creating FVG
	411
	412	1m bearish FVG clear DOL
	413
	414
	415	2nd:
	416
	417	Entry off inversion level and +OB
	418
	419	Scale at new short term high
	420
	421	Wanted 3916 but stopped B.E on runners
	422
	423	[[image:image4.png]]
	424
	425	Example 3 (ES 1 min)
	426
	427
	428	Market left REHs at the London High
	429
	430	Previous Week's low Sell side swept and had a MSS+Displacement (2022 model)
	431
	432	DXY had a liquidity void to fill below meaning ES
	433
	434	Long entry in the Unicorn
	435
	436	[[image:image36.png]]
	437
	438	DXY 15 min
	439
	440	[[image:image5.png]]
	441
3.1	442	====== ~[[[top>>path:#]]] ======
2.1	443
6.2	444	== 10-11am Silver Bullet ==
2.1	445
3.1	446	====== ~[[[top>>path:#]]] ======
2.1	447
6.2	448	== MSS after 1pm ==
2.1	449
3.1	450	====== ~[[[top>>path:#]]] ======
2.1	451
1.1	452	== How to use NWOG inside of old areas of orderflow ==
2.1	453
3.1	454	====== ~[[[top>>path:#]]] ======
2.1	455
1.1	456	== Immediate Rebalance ==
2.1	457
3.1	458	====== ~[[[top>>path:#]]] ======
2.1	459
1.1	460	== Using NWOG to analyze market conditions ==
2.1	461
3.1	462	====== ~[[[top>>path:#]]] ======
2.1	463
1.1	464	== Inversion FVG example ==
2.1	465
3.1	466	====== ~[[[top>>path:#]]] ======
2.1	467
1.1	468	== How to approach the lunch hour when bias/target is clear ==
2.1	469
3.1	470	====== ~[[[top>>path:#]]] ======
2.1	471
1.1	472	== Seek and Destroy cheat sheet ==
2.1	473
3.1	474	====== ~[[[top>>path:#]]] ======
2.1	475
1.1	476	== Partials at wicks/long tails ==
2.1	477
3.1	478	====== ~[[[top>>path:#]]] ======
2.1	479
1.1	480	== Understanding Balanced Price Ranges(BPRs) ==
2.1	481
3.1	482	====== ~[[[top>>path:#]]] ======
2.1	483
1.1	484	== More Silver Bullet gems ==
2.1	485
3.1	486	====== ~[[[top>>path:#]]] ======
2.1	487
1.1	488	== ICT Glossary of terms ==
	489
3.1	490	====== ~[[[top>>path:#]]] ======
10.3	491
	492
	493