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Wiki source code of ICT Mentorship 2023 Gems

Version 13.1 by Drunk Monkey on 2023-09-04 11:33
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1 {{box cssClass="box floatinginfobox" title="**Table of Contents**"}}
2 {{toc depth="2" 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 Original Reference: ?
85
86 ====== ~[[[top>>path:#]]] ======
87
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
99 Original Reference: ?
100
101 ====== ~[[[top>>path:#]]] ======
102
103 == New Week Opening Gap (NWOG) ==
104
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
117 Original Reference: ?
118
119 ====== ~[[[top>>path:#]]] ======
120
121 == Understanding what multiple touches of NWOG means ==
122
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
127 Original Reference: ?
128
129 ====== ~[[[top>>path:#]]] ======
130
131 == Gaps that don't fill are rocket fuel ==
132
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
137 Original Reference: ?
138
139 ====== ~[[[top>>path:#]]] ======
140
141 == Understanding equilibrium of discount ==
142
143 Highest probability shorts have been exhausted once we move below equilibrium of DISCOUNT
144
145 [[image:image28.png]]
146
147 Original Reference: ?
148
149 ====== ~[[[top>>path:#]]] ======
150
151 == Understanding low probability conditions ==
152
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
157 Original Reference: ?
158
159 ====== ~[[[top>>path:#]]] ======
160
161 == New Day Opening Gap (NDOG) ==
162
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
173 Original Reference: ?
174
175 ====== ~[[[top>>path:#]]] ======
176
177 == Quarter of the wick ==
178
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
185 Original Reference: ?
186
187 ====== ~[[[top>>path:#]]] ======
188
189 == PM session running AM session Buy stops ==
190
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
199 Original Reference: ?
200
201 ====== ~[[[top>>path:#]]] ======
202
203 == Market on close Macro ==
204
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
213 Original Reference: ?
214
215 ====== ~[[[top>>path:#]]] ======
216
217 == 3:15-3:45 Sweet Spot ==
218
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
235 Original Reference: ?
236
237 ====== ~[[[top>>path:#]]] ======
238
239 == The Upper Quarter Concept ==
240
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
249 Original Reference: ?
250
251 ====== ~[[[top>>path:#]]] ======
252
253 == Regular Trading Hours (RTH) ==
254
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
275 Original Reference: ?
276
277 ====== ~[[[top>>path:#]]] ======
278
279 == When to expect Seek and Destroy conditions ==
280
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
293 Original Reference: ?
294
295 ====== ~[[[top>>path:#]]] ======
296
297 == Implied FVG ==
298
299 How to identify a FVG when there is no "gap" and only overlapping wicks
300
301 [[image:image20.png]]
302
303 Original Reference: ?
304
305 ====== ~[[[top>>path:#]]] ======
306
307 == When 3 PD Arrays fail your fucked ==
308
309 "When 3 PD arrays fail your fucked... it's going the other direction now"
310
311 [[image:image22.png]]
312
313 Original Reference: ?
314
315 ====== ~[[[top>>path:#]]] ======
316
317 == A CLOSE below the swing low that we would see as being a Market Structure Shift, we treat it as a Breaker ==
318
319 [[image:image3.png]]
320
321 Original Reference: ?
322
323 ====== ~[[[top>>path:#]]] ======
324
325 == 3 candle price action signature ==
326
327 [[image:image53.png]]
328
329 Original Reference: ?
330
331 ====== ~[[[top>>path:#]]] ======
332
333 == Event Horizon ==
334
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
361 Original Reference: ?
362
363 ====== ~[[[top>>path:#]]] ======
364
365 == How to avoid taking a low probability FVG ==
366
367 How to AVOID taking low probability FVGs using DXY
368
369 [[image:image43.png]]
370
371 Original Reference: ?
372
373 ====== ~[[[top>>path:#]]] ======
374
375 == How far can you trust price to go above BSL or SSL for a Turtle Soup? ==
376
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
389 Original Reference: ?
390
391 ====== ~[[[top>>path:#]]] ======
392
393 == NWOG Actual and NWOG ==
394
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
403 Original Reference: ?
404
405 ====== ~[[[top>>path:#]]] ======
406
407 == Macros ==
408
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
488 Original Reference: ?
489
490 ====== ~[[[top>>path:#]]] ======
491
492 == 10-11am Silver Bullet ==
493
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
513 Original Reference: ICT Twitter Space | Time Based Setups & Models | May 6th 2023
514
515 ====== ~[[[top>>path:#]]] ======
516
517 == MSS after 1pm ==
518
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
525 Original Reference: ?
526
527 ====== ~[[[top>>path:#]]] ======
528
529 == How to use NWOG inside of old areas of orderflow ==
530
531 [[image:image32.png]]
532
533 ES 5m
534
535 [[image:image8.png]]
536
537 Original Reference: ?
538
539 ====== ~[[[top>>path:#]]] ======
540
541 == Immediate Rebalance ==
542
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
547 Original Reference: ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow
548
549 ====== ~[[[top>>path:#]]] ======
550
551 == Using NWOG to analyze market conditions ==
552
553 [[image:image24.png]]
554
555 Original Reference: ?
556
557 ====== ~[[[top>>path:#]]] ======
558
559 == Inversion FVG example ==
560
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
569 Original Reference: ?
570
571 ====== ~[[[top>>path:#]]] ======
572
573 == How to approach the lunch hour when bias/target is clear ==
574
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
581 Original Reference: ?
582
583 ====== ~[[[top>>path:#]]] ======
584
585 == Seek and Destroy cheat sheet ==
586
587 [[image:image48.png]]
588
589 Original Reference: ?
590
591 ====== ~[[[top>>path:#]]] ======
592
593 == Partials at wicks/long tails ==
594
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
601 Original Reference: ?
602
603 ====== ~[[[top>>path:#]]] ======
604
605 == Understanding Balanced Price Ranges(BPRs) ==
606
607 [[image:image7.png]]
608
609 Original Reference: ?
610
611 ====== ~[[[top>>path:#]]] ======
612
613 == More Silver Bullet gems ==
614
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
621 Original Reference: ?
622
623 ====== ~[[[top>>path:#]]] ======
624
625 == ICT Glossary of terms ==
626
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
675 OB - Orderblock 
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
703 ====== ~[[[top>>path:#]]] ======
704
705