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Wiki source code of ICT Mentorship 2023 Gems

Version 11.1 by Drunk Monkey on 2023-09-03 16:20
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1 {{box cssClass="box floatinginfobox" title="**Table of Contents**"}}
2 {{toc depth="3" numbered="true" start="2"/}}
3 {{/box}}
4
5 Summarized by [[@SirPickle_>>https://twitter.com/SirPickle_]] as a google document [[here>>https://docs.google.com/document/d/14x_13c98oq3u-FrVWK3Nh9gGLYKzBzgLgBRTdgOBAhs]]
6
7 == 1:30 Judas ==
8
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
23 * AM session buy stops ran
24 * RELs are the draw
25 * MSS + Displacement
26 * Short entry in the FVG
27
28 [[image:image17.png]]
29
30 === Example 3 ===
31
32 ==== ES 1m ====
33
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
38
39 [[image:image23.png]]
40
41 === Example 4 ===
42
43 ==== ES 1m ====
44
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}})
49
50 [[image:image13.png]]
51
52 ==== DXY 15m ====
53
54 [[image:image15.png]]
55
56 === Example 5 ===
57
58 ==== NQ 5m ====
59
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)
62
63 [[image:image49.png]]
64
65 ==== NQ 1m ====
66
67 [[image:image33.png]]
68
69 === Example 6 ===
70
71 ==== ES 2m ====
72
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
77
78 [[image:image44.png]]
79
80 ES 5m
81
82 [[image:image37.png]]
83
84 ====== ~[[[top>>path:#]]] ======
85
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
99 == New Week Opening Gap (NWOG) ==
100
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
113 ====== ~[[[top>>path:#]]] ======
114
115 == Understanding what multiple touches of NWOG means ==
116
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
121 ====== ~[[[top>>path:#]]] ======
122
123 == Gaps that don't fill are rocket fuel ==
124
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
129 ====== ~[[[top>>path:#]]] ======
130
131 == Understanding equilibrium of discount ==
132
133 Highest probability shorts have been exhausted once we move below equilibrium of DISCOUNT
134
135 [[image:image28.png]]
136
137 ====== ~[[[top>>path:#]]] ======
138
139 == Understanding low probability conditions ==
140
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
145 ====== ~[[[top>>path:#]]] ======
146
147 == New Day Opening Gap (NDOG) ==
148
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
159 ====== ~[[[top>>path:#]]] ======
160
161 == Quarter of the wick ==
162
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
169 ====== ~[[[top>>path:#]]] ======
170
171 == PM session running AM session Buy stops ==
172
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
181 ====== ~[[[top>>path:#]]] ======
182
183 == Market on close Macro ==
184
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
193 ====== ~[[[top>>path:#]]] ======
194
195 == 3:15-3:45 Sweet Spot ==
196
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
213 ====== ~[[[top>>path:#]]] ======
214
215 == The Upper Quarter Concept ==
216
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
225 ====== ~[[[top>>path:#]]] ======
226
227 == Regular Trading Hours (RTH) ==
228
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
249 ====== ~[[[top>>path:#]]] ======
250
251 == When to expect Seek and Destroy conditions ==
252
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
265 ====== ~[[[top>>path:#]]] ======
266
267 == Implied FVG ==
268
269 How to identify a FVG when there is no "gap" and only overlapping wicks
270
271 [[image:image20.png]]
272
273 ====== ~[[[top>>path:#]]] ======
274
275 == When 3 PD Arrays fail your fucked ==
276
277 "When 3 PD arrays fail your fucked... it's going the other direction now"
278
279 [[image:image22.png]]
280
281 ====== ~[[[top>>path:#]]] ======
282
283 == A CLOSE below the swing low that we would see as being a Market Structure Shift, we treat it as a Breaker ==
284
285 [[image:image3.png]]
286
287 ====== ~[[[top>>path:#]]] ======
288
289 == 3 candle price action signature ==
290
291 [[image:image53.png]]
292
293 ====== ~[[[top>>path:#]]] ======
294
295 == Event Horizon ==
296
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
323 ====== ~[[[top>>path:#]]] ======
324
325 == How to avoid taking a low probability FVG ==
326
327 How to AVOID taking low probability FVGs using DXY
328
329 [[image:image43.png]]
330
331 ====== ~[[[top>>path:#]]] ======
332
333 == How far can you trust price to go above BSL or SSL for a Turtle Soup? ==
334
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
347 ====== ~[[[top>>path:#]]] ======
348
349 == NWOG Actual and NWOG ==
350
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
359 ====== ~[[[top>>path:#]]] ======
360
361 == Macros ==
362
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
442 ====== ~[[[top>>path:#]]] ======
443
444 == 10-11am Silver Bullet ==
445
446
447 Here's something to backtest
448
449 According to ICT, between 10-11am NY time you will find a FVG that delivers 5 handles EVERY day 100% guaranteed
450
451 It'll ALWAYS be there aiming for an opposing pool of liquidity
452
453 You will find it on the 1min, 30s, or 15s timeframe
454
455 This is true even on choppy days and shortened bank holidays where market closes early
456
457 [[image:image29.png]]
458
459 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.
460
461 When in doubt stay out!
462
463 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:
464
465 ICT Twitter Space | Time Based Setups & Models | May 6th 2023
466
467 ====== ~[[[top>>path:#]]] ======
468
469 == MSS after 1pm ==
470
471 If there is a shift in Market Structure after 1pm,
472
473 Price will most likely run for Lunch and AM Session Buy Stops
474
475 [[image:image41.png]]
476
477 ====== ~[[[top>>path:#]]] ======
478
479 == How to use NWOG inside of old areas of orderflow ==
480
481 [[image:image32.png]]
482
483 ES 5m
484
485 [[image:image8.png]]
486
487 ====== ~[[[top>>path:#]]] ======
488
489 == Immediate Rebalance ==
490
491 If we are bullish and price does this formation it is one of the most powerful signatures for IMMEDIATE dynamic price delivery
492
493 [[image:image40.png]]
494
495 Link: ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow
496
497 ====== ~[[[top>>path:#]]] ======
498
499 == Using NWOG to analyze market conditions ==
500
501 [[image:image24.png]]
502
503 ====== ~[[[top>>path:#]]] ======
504
505 == Inversion FVG example ==
506
507 If a market closes above a FVG that you think should be bearish, thats not a good shorting opportunity
508
509 Many times its communicating to you it will become an inversion FVG
510
511 $ES example
512
513 [[image:image51.png]]
514
515 ====== ~[[[top>>path:#]]] ======
516
517 == How to approach the lunch hour when bias/target is clear ==
518
519 Price hasn't reached Daily/Weekly Target? Expectation for lunch hour is too look for a 5/15min low or RELs
520
521 If there is a FVG or VIB just underneath that low that is a UNICORN
522
523 [[image:image45.png]]
524
525 ====== ~[[[top>>path:#]]] ======
526
527 == Seek and Destroy cheat sheet ==
528
529 [[image:image48.png]]
530
531 ====== ~[[[top>>path:#]]] ======
532
533 == Partials at wicks/long tails ==
534
535 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)
536
537 Often times price can trade right to the CE of the wick, stop on a dime, consolidate, or straight up reverse.
538
539 [[image:image27.png]]
540
541 ====== ~[[[top>>path:#]]] ======
542
543 == Understanding Balanced Price Ranges(BPRs) ==
544
545 [[image:image7.png]]
546
547 ====== ~[[[top>>path:#]]] ======
548
549 == More Silver Bullet gems ==
550
551 The Silver Bullet FVG does NOT have to happen inside the one hour period. Only the entry does.
552
553 It can refer back to a FVG that formed in the run up if its bullish between 9:30-10am (vice versa)
554
555 There is a macro that begins at 1:30pm that sets the tone and pace for the 2-3pm Silver Bullet.
556
557 ====== ~[[[top>>path:#]]] ======
558
559 == ICT Glossary of terms ==
560
561 BB - Breaker Block
562
563 BISI - Buyside Imbalance Sellside Inefficiency
564
565 BPR - Balanced Price Range
566
567 BRK - Breaker
568
569 BSL - Buyside Liquidity
570
571 CE - {{glossaryReference glossaryId="Glossary" entryId="Consequent Encroachment"}}Consequent Encroachment{{/glossaryReference}} (Inefficiencies Only)
572
573 DOL - Draw on Liquidity
574
575 EQH - Equal Highs
576
577 EQL - Equal Lows
578
579 FVG - Fair Value Gap
580
581 iFVG - Implied Fair Value Gap
582
583 HRLR - High Resistance Liquidity Run
584
585 IDM - Inducement
586
587 {{glossaryReference glossaryId="Glossary" entryId="IOFED"}}IOFED{{/glossaryReference}} - Institutional Orderflow Entry Drill
588
589 LRLR - Low Resistance Liquidity Run
590
591 MB - Mitigation Block
592
593 {{glossaryReference glossaryId="Glossary" entryId="MMBM"}}MMBM{{/glossaryReference}} - Market Maker Buy Model
594
595 {{glossaryReference glossaryId="Glossary" entryId="MMSM"}}MMSM{{/glossaryReference}} - Market Maker Sell Model
596
597 MMXM - Market Maker Model
598
599 MSS - Market Structure Shift
600
601 MT - Mean Threshold (Blocks Only)
602
603 NDOG - New Day Opening Gap
604
605 NFP - Non Farm Payroll
606
607 NWOG - New Week Opening Gap
608
609 OB - Orderblock
610
611 {{glossaryReference glossaryId="Glossary" entryId="OTE"}}OTE{{/glossaryReference}} - Optimal Trade Entry
612
613 PA - Price Action
614
615 PB - Propulsion Block
616
617 PD - Premium / Discount
618
619 PD Array - Any type of ICT entry (FVG, VI, OB etc)
620
621 PDH - Previous Day High
622
623 PDL - Previous Day Low
624
625 PWH - Previous Week High
626
627 PWL - Previous Week Low
628
629 RB - Rejection Block
630
631 SIBI - Sellside Imbalance Buyside Inefficiency
632
633 SSL - Sellside Liquidity
634
635 VI - Volume Imbalance
636
637 ====== ~[[[top>>path:#]]] ======
638
639