Wiki source code of ICT Mentorship 2023 Gems

Version 13.1 by Drunk Monkey on 2023-09-04 11:33

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9.1	1	{{box cssClass="box floatinginfobox" title="Table of Contents"}}
12.1	2	{{toc depth="2" 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
12.2	84	Original Reference: ?
	85
3.1	86	====== ~[[[top>>path:#]]] ======
2.1	87
10.3	88	== 3PM Judas Swing ==
	89
	90	* The same concept can be applied to the 3pm session as well!
	91	* 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.
	92
	93	=== Example ===
	94
	95	==== ES1m ====
	96
	97	[[image:image14.png]]
	98
12.2	99	Original Reference: ?
	100
10.3	101	====== ~[[[top>>path:#]]] ======
	102
6.2	103	== New Week Opening Gap (NWOG) ==
2.1	104
10.3	105	The New Week Opening Gap is a strong price magnet
	106
	107	Draw it out every week onto your charts (Friday closing price to Sunday open price)
	108
	109	The market is going to gravitate back to it IF we are NOT TRENDING and many times become REAL support/resistance
	110
	111	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.
	112
	113	Doing so gives you an X-ray view of how the algorithm will refer back to old areas of real FAIR VALUE
	114
	115	[[image:image6.png]]
	116
12.2	117	Original Reference: ?
	118
3.1	119	====== ~[[[top>>path:#]]] ======
2.1	120
6.2	121	== Understanding what multiple touches of NWOG means ==
2.1	122
10.3	123	If we see price come back to the NWOG multiple times intra week you are likely in a consolidation that's going to continue
	124
	125	[[image:image11.png]]
	126
12.2	127	Original Reference: ?
	128
3.1	129	====== ~[[[top>>path:#]]] ======
2.1	130
6.2	131	== Gaps that don't fill are rocket fuel ==
2.1	132
10.3	133	This means price is in a hurry to reprice to a level that's outside the range its in currently (External range liquidity)
	134
	135	Every time we get in a trade we look for this signature
	136
12.2	137	Original Reference: ?
	138
3.1	139	====== ~[[[top>>path:#]]] ======
2.1	140
6.2	141	== Understanding equilibrium of discount ==
2.1	142
10.3	143	Highest probability shorts have been exhausted once we move below equilibrium of DISCOUNT
	144
	145	[[image:image28.png]]
	146
12.2	147	Original Reference: ?
	148
3.1	149	====== ~[[[top>>path:#]]] ======
2.1	150
1.1	151	== Understanding low probability conditions ==
2.1	152
10.3	153	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.
	154
	155	[[image:image42.png]]
	156
12.2	157	Original Reference: ?
	158
3.1	159	====== ~[[[top>>path:#]]] ======
2.1	160
6.2	161	== New Day Opening Gap (NDOG) ==
2.1	162
10.3	163	When we open at 6pm, drag a rectangle from the 5pm closing price to the 6pm open
	164
	165	Extend that throughout the next 12-16 hours. That will act much like you see with the NWOG
	166
	167	[[image:image16.png]]
	168
	169	Example of precision with NDOG:
	170
	171	[[image:image46.png]]
	172
12.2	173	Original Reference: ?
	174
3.1	175	====== ~[[[top>>path:#]]] ======
2.1	176
1.1	177	== Quarter of the wick ==
2.1	178
10.3	179	When there is a bearish heavy stance on price, C.E of a wick is likely not to be traded too.
	180
	181	If you suspect that is the case, you get the very specific price level of one quarter of the wick
	182
	183	[[image:image2.png]]
	184
12.2	185	Original Reference: ?
	186
3.1	187	====== ~[[[top>>path:#]]] ======
2.1	188
1.1	189	== PM session running AM session Buy stops ==
2.1	190
10.3	191	If you see a trending morning session like below, ask yourself where are shorts trailing their stops?
	192
	193	Expect the PM session to take those stops
	194
	195	ES 1 min
	196
	197	[[image:image26.png]]
	198
12.2	199	Original Reference: ?
	200
3.1	201	====== ~[[[top>>path:#]]] ======
2.1	202
6.2	203	== Market on close Macro ==
2.1	204
10.3	205	In a up close day rarely do you see the candle close on the high unless its a trending day.
	206
	207	Typically it creates the intraday HOD then pulls away from it and closes near the high.
	208
	209	This is the market on close Macro
	210
	211	[[image:image31.png]]
	212
12.2	213	Original Reference: ?
	214
3.1	215	====== ~[[[top>>path:#]]] ======
2.1	216
1.1	217	== 3:15-3:45 Sweet Spot ==
2.1	218
10.3	219	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.
	220
	221	Above the market place if bullish
	222
	223	Below the market place if bearish
	224
	225	OR
	226
	227	if there is an imbalance we will look to rebalance it
	228
	229	The algo will spool to a obvious point of liquidity that had not been targeted yet
	230
	231	Example
	232
	233	[[image:image1.png]]
	234
12.2	235	Original Reference: ?
	236
3.1	237	====== ~[[[top>>path:#]]] ======
2.1	238
1.1	239	== The Upper Quarter Concept ==
2.1	240
10.3	241	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.
	242
	243	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.
	244
	245	ES 2m
	246
	247	[[image:image18.png]]
	248
12.2	249	Original Reference: ?
	250
3.1	251	====== ~[[[top>>path:#]]] ======
2.1	252
6.2	253	== Regular Trading Hours (RTH) ==
2.1	254
10.3	255	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.
	256
	257	Price has a tendency to not let these areas stay unfilled for too long.
	258
	259	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:
	260
	261	We are opening up with a Premium if the gap is higher than the previous session close
	262
	263	We are opening up at a Discount if the gap is lower than the previous session close
	264
	265	[[image:image30.png]]
	266
	267	[[image:image34.png]]
	268
	269	Reviewing the relationship between the Daily VIBs and RTH gap + Understanding opening at a premium/discount of RTH:
	270
	271	[[image:image9.png]]
	272
	273	[[image:image25.png]]
	274
12.2	275	Original Reference: ?
	276
3.1	277	====== ~[[[top>>path:#]]] ======
2.1	278
1.1	279	== When to expect Seek and Destroy conditions ==
2.1	280
10.3	281	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
	282
	283	(For example on Monday the market is closed due to a bank holiday, expect a choppy AM session going into Tuesday)
	284
	285	-Let the market fall back to its normalcy
	286
	287	-Only retail traders are rushing to the markets on a day like this like gamblers at a casino
	288
	289	2) Higher Time frame target is delivered prior to 9:30 am open expect a choppy AM session
	290
	291	3) Asia High and Low are raided during the London session. Then London High and Low are raided during NY creating a broadening formation
	292
12.2	293	Original Reference: ?
	294
3.1	295	====== ~[[[top>>path:#]]] ======
2.1	296
6.2	297	== Implied FVG ==
2.1	298
10.3	299	How to identify a FVG when there is no "gap" and only overlapping wicks
	300
	301	[[image:image20.png]]
	302
12.2	303	Original Reference: ?
	304
3.1	305	====== ~[[[top>>path:#]]] ======
2.1	306
1.1	307	== When 3 PD Arrays fail your fucked ==
2.1	308
10.3	309	"When 3 PD arrays fail your fucked... it's going the other direction now"
	310
	311	[[image:image22.png]]
	312
12.2	313	Original Reference: ?
	314
3.1	315	====== ~[[[top>>path:#]]] ======
2.1	316
6.2	317	== A CLOSE below the swing low that we would see as being a Market Structure Shift, we treat it as a Breaker ==
2.1	318
10.3	319	[[image:image3.png]]
	320
12.2	321	Original Reference: ?
	322
3.1	323	====== ~[[[top>>path:#]]] ======
2.1	324
6.2	325	== 3 candle price action signature ==
2.1	326
10.3	327	[[image:image53.png]]
	328
12.2	329	Original Reference: ?
	330
3.1	331	====== ~[[[top>>path:#]]] ======
2.1	332
6.2	333	== Event Horizon ==
2.1	334
10.3	335	Half way between a NWOG and the closest NWOG is the Event Horizon
	336
	337	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
	338
	339	Example 1
	340
	341	ES 15m
	342
	343	[[image:image38.png]]
	344
	345	ES 2m
	346
	347	[[image:image10.png]]
	348
	349	Example 2
	350
	351	ES 15m
	352
	353	[[image:image52.png]]
	354
	355	Example 3
	356
	357	ES 15m
	358
	359	[[image:image21.png]]
	360
12.2	361	Original Reference: ?
	362
3.1	363	====== ~[[[top>>path:#]]] ======
2.1	364
1.1	365	== How to avoid taking a low probability FVG ==
2.1	366
10.3	367	How to AVOID taking low probability FVGs using DXY
	368
	369	[[image:image43.png]]
	370
12.2	371	Original Reference: ?
	372
3.1	373	====== ~[[[top>>path:#]]] ======
2.1	374
6.2	375	== How far can you trust price to go above BSL or SSL for a Turtle Soup? ==
2.1	376
10.3	377	How far can you trust price to go above BSL or SSL for a Turtle Soup?
	378
	379	NWOG
	380
	381	NDOG
	382
	383	Opening Range Gap
	384
	385	These are 3 specific tools you can use to answer this question
	386
	387	[[image:image50.png]]
	388
12.2	389	Original Reference: ?
	390
3.1	391	====== ~[[[top>>path:#]]] ======
2.1	392
6.2	393	== NWOG Actual and NWOG ==
2.1	394
10.3	395	NWOG Actual = Fridays close to Sundays Open
	396
	397	NWOG = Fridays close to Mondays Equities Open at 9:30am
	398
	399	(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)
	400
	401	[[image:image47.png]]
	402
12.2	403	Original Reference: ?
	404
3.1	405	====== ~[[[top>>path:#]]] ======
2.1	406
6.2	407	== Macros ==
2.1	408
10.3	409	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!
	410
	411	You can enter prior to the macro beginning.
	412
	413	The run will originate inside the macro time but does not have to complete it. It can still deliver after macro close
	414
	415	The NY session Macros (All NY eastern time):
	416
	417	9:50-10:10am (MY FAVORITE)
	418
	419	10:50-11:10 am
	420
	421	11:50-12:10 pm (l never trade this one...)
	422
	423	1:30pm Judas
	424
	425	3:15-3:45 pm "Sweet Spot"
	426
	427
	428	As a bonus here are some example of my favorite macro 9:50-10:10:
	429
	430	Example 1 (ES 1 min)
	431
	432	SSL swept right at open into Daily C.E level
	433
	434	MSS+Displacement created FVG and +OB
	435
	436	SMT with NQ
	437
	438	Long entry in FVG
	439
	440	Target most recent high break/ NWOG
	441
	442	[[image:image12.png]]
	443
	444	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
	445
	446	[[image:image19.png]]
	447
	448	Example 2 (ES 1 min)
	449
	450	A couple ES NFP Friday Scalps
	451
	452	1st:
	453
	454	LOD sweep + 1H FVG C.E
	455
	456	Strong Displacement creating FVG
	457
	458	1m bearish FVG clear DOL
	459
	460
	461	2nd:
	462
	463	Entry off inversion level and +OB
	464
	465	Scale at new short term high
	466
	467	Wanted 3916 but stopped B.E on runners
	468
	469	[[image:image4.png]]
	470
	471	Example 3 (ES 1 min)
	472
	473
	474	Market left REHs at the London High
	475
	476	Previous Week's low Sell side swept and had a MSS+Displacement (2022 model)
	477
	478	DXY had a liquidity void to fill below meaning ES
	479
	480	Long entry in the Unicorn
	481
	482	[[image:image36.png]]
	483
	484	DXY 15 min
	485
	486	[[image:image5.png]]
	487
12.2	488	Original Reference: ?
	489
3.1	490	====== ~[[[top>>path:#]]] ======
2.1	491
6.2	492	== 10-11am Silver Bullet ==
2.1	493
10.4	494
	495	Here's something to backtest
	496
	497	According to ICT, between 10-11am NY time you will find a FVG that delivers 5 handles EVERY day 100% guaranteed
	498
	499	It'll ALWAYS be there aiming for an opposing pool of liquidity
	500
	501	You will find it on the 1min, 30s, or 15s timeframe
	502
	503	This is true even on choppy days and shortened bank holidays where market closes early
	504
	505	[[image:image29.png]]
	506
	507	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.
	508
	509	When in doubt stay out!
	510
	511	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:
	512
12.2	513	Original Reference: ICT Twitter Space \| Time Based Setups & Models \| May 6th 2023
10.4	514
3.1	515	====== ~[[[top>>path:#]]] ======
2.1	516
6.2	517	== MSS after 1pm ==
2.1	518
10.4	519	If there is a shift in Market Structure after 1pm,
	520
	521	Price will most likely run for Lunch and AM Session Buy Stops
	522
	523	[[image:image41.png]]
	524
12.2	525	Original Reference: ?
	526
3.1	527	====== ~[[[top>>path:#]]] ======
2.1	528
1.1	529	== How to use NWOG inside of old areas of orderflow ==
2.1	530
10.5	531	[[image:image32.png]]
	532
	533	ES 5m
	534
	535	[[image:image8.png]]
	536
12.2	537	Original Reference: ?
	538
3.1	539	====== ~[[[top>>path:#]]] ======
2.1	540
1.1	541	== Immediate Rebalance ==
2.1	542
10.5	543	If we are bullish and price does this formation it is one of the most powerful signatures for IMMEDIATE dynamic price delivery
	544
	545	[[image:image40.png]]
	546
12.2	547	Original Reference: ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow
10.5	548
3.1	549	====== ~[[[top>>path:#]]] ======
2.1	550
1.1	551	== Using NWOG to analyze market conditions ==
2.1	552
11.1	553	[[image:image24.png]]
	554
12.2	555	Original Reference: ?
	556
3.1	557	====== ~[[[top>>path:#]]] ======
2.1	558
1.1	559	== Inversion FVG example ==
2.1	560
11.1	561	If a market closes above a FVG that you think should be bearish, thats not a good shorting opportunity
	562
	563	Many times its communicating to you it will become an inversion FVG
	564
	565	$ES example
	566
	567	[[image:image51.png]]
	568
12.2	569	Original Reference: ?
	570
3.1	571	====== ~[[[top>>path:#]]] ======
2.1	572
1.1	573	== How to approach the lunch hour when bias/target is clear ==
2.1	574
11.1	575	Price hasn't reached Daily/Weekly Target? Expectation for lunch hour is too look for a 5/15min low or RELs
	576
	577	If there is a FVG or VIB just underneath that low that is a UNICORN
	578
	579	[[image:image45.png]]
	580
12.2	581	Original Reference: ?
	582
3.1	583	====== ~[[[top>>path:#]]] ======
2.1	584
1.1	585	== Seek and Destroy cheat sheet ==
2.1	586
11.1	587	[[image:image48.png]]
	588
12.2	589	Original Reference: ?
	590
3.1	591	====== ~[[[top>>path:#]]] ======
2.1	592
1.1	593	== Partials at wicks/long tails ==
2.1	594
11.1	595	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)
	596
	597	Often times price can trade right to the CE of the wick, stop on a dime, consolidate, or straight up reverse.
	598
	599	[[image:image27.png]]
	600
12.2	601	Original Reference: ?
	602
3.1	603	====== ~[[[top>>path:#]]] ======
2.1	604
1.1	605	== Understanding Balanced Price Ranges(BPRs) ==
2.1	606
11.1	607	[[image:image7.png]]
	608
12.2	609	Original Reference: ?
	610
3.1	611	====== ~[[[top>>path:#]]] ======
2.1	612
1.1	613	== More Silver Bullet gems ==
2.1	614
11.1	615	The Silver Bullet FVG does NOT have to happen inside the one hour period. Only the entry does.
	616
	617	It can refer back to a FVG that formed in the run up if its bullish between 9:30-10am (vice versa)
	618
	619	There is a macro that begins at 1:30pm that sets the tone and pace for the 2-3pm Silver Bullet.
	620
12.2	621	Original Reference: ?
	622
3.1	623	====== ~[[[top>>path:#]]] ======
2.1	624
1.1	625	== ICT Glossary of terms ==
	626
11.1	627	BB - Breaker Block
	628
	629	BISI - Buyside Imbalance Sellside Inefficiency
	630
	631	BPR - Balanced Price Range
	632
	633	BRK - Breaker
	634
	635	BSL - Buyside Liquidity
	636
	637	CE - {{glossaryReference glossaryId="Glossary" entryId="Consequent Encroachment"}}Consequent Encroachment{{/glossaryReference}} (Inefficiencies Only)
	638
	639	DOL - Draw on Liquidity
	640
	641	EQH - Equal Highs
	642
	643	EQL - Equal Lows
	644
	645	FVG - Fair Value Gap
	646
	647	iFVG - Implied Fair Value Gap
	648
	649	HRLR - High Resistance Liquidity Run
	650
	651	IDM - Inducement
	652
	653	{{glossaryReference glossaryId="Glossary" entryId="IOFED"}}IOFED{{/glossaryReference}} - Institutional Orderflow Entry Drill
	654
	655	LRLR - Low Resistance Liquidity Run
	656
	657	MB - Mitigation Block
	658
	659	{{glossaryReference glossaryId="Glossary" entryId="MMBM"}}MMBM{{/glossaryReference}} - Market Maker Buy Model
	660
	661	{{glossaryReference glossaryId="Glossary" entryId="MMSM"}}MMSM{{/glossaryReference}} - Market Maker Sell Model
	662
	663	MMXM - Market Maker Model
	664
	665	MSS - Market Structure Shift
	666
	667	MT - Mean Threshold (Blocks Only)
	668
	669	NDOG - New Day Opening Gap
	670
	671	NFP - Non Farm Payroll
	672
	673	NWOG - New Week Opening Gap
	674
12.2	675	OB - Orderblock
11.1	676
	677	{{glossaryReference glossaryId="Glossary" entryId="OTE"}}OTE{{/glossaryReference}} - Optimal Trade Entry
	678
	679	PA - Price Action
	680
	681	PB - Propulsion Block
	682
	683	PD - Premium / Discount
	684
	685	PD Array - Any type of ICT entry (FVG, VI, OB etc)
	686
	687	PDH - Previous Day High
	688
	689	PDL - Previous Day Low
	690
	691	PWH - Previous Week High
	692
	693	PWL - Previous Week Low
	694
	695	RB - Rejection Block
	696
	697	SIBI - Sellside Imbalance Buyside Inefficiency
	698
	699	SSL - Sellside Liquidity
	700
	701	VI - Volume Imbalance
	702
3.1	703	====== ~[[[top>>path:#]]] ======
10.3	704
10.4	705