Wiki source code of ICT Mentorship 2023 Gems

Last modified by Drunk Monkey on 2023-09-04 11:48

version	line-number	content
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
14.1	307	== When 3 PD Arrays fail you're fucked ==
2.1	308
14.1	309	"When 3 PD arrays fail you're fucked. It's going the other direction."
10.3	310
	311	[[image:image22.png]]
	312
14.1	313	References:
12.2	314
14.1	315	* [[How To Fail & Not Know It Until It's Too Late>>https://podcasters.spotify.com/pod/show/drunk-monkey7/episodes/How-To-Fail--Not-Know-It-Until-Its-Too-Late---February-22--2023-e1vclf9\|\|style="outline-width: 0px !important; user-select: auto !important;"]] - Feb 2, 2023 (@13m 56s)
	316	* [[Feb 10, 2023 Market Review>>https://www.youtube.com/watch?v=STEGBblm4dI]] (@38m 20s)
	317
3.1	318	====== ~[[[top>>path:#]]] ======
2.1	319
6.2	320	== A CLOSE below the swing low that we would see as being a Market Structure Shift, we treat it as a Breaker ==
2.1	321
10.3	322	[[image:image3.png]]
	323
12.2	324	Original Reference: ?
	325
3.1	326	====== ~[[[top>>path:#]]] ======
2.1	327
6.2	328	== 3 candle price action signature ==
2.1	329
10.3	330	[[image:image53.png]]
	331
12.2	332	Original Reference: ?
	333
3.1	334	====== ~[[[top>>path:#]]] ======
2.1	335
6.2	336	== Event Horizon ==
2.1	337
10.3	338	Half way between a NWOG and the closest NWOG is the Event Horizon
	339
	340	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
	341
	342	Example 1
	343
	344	ES 15m
	345
	346	[[image:image38.png]]
	347
	348	ES 2m
	349
	350	[[image:image10.png]]
	351
	352	Example 2
	353
	354	ES 15m
	355
	356	[[image:image52.png]]
	357
	358	Example 3
	359
	360	ES 15m
	361
	362	[[image:image21.png]]
	363
12.2	364	Original Reference: ?
	365
3.1	366	====== ~[[[top>>path:#]]] ======
2.1	367
1.1	368	== How to avoid taking a low probability FVG ==
2.1	369
10.3	370	How to AVOID taking low probability FVGs using DXY
	371
	372	[[image:image43.png]]
	373
12.2	374	Original Reference: ?
	375
3.1	376	====== ~[[[top>>path:#]]] ======
2.1	377
6.2	378	== How far can you trust price to go above BSL or SSL for a Turtle Soup? ==
2.1	379
10.3	380	How far can you trust price to go above BSL or SSL for a Turtle Soup?
	381
	382	NWOG
	383
	384	NDOG
	385
	386	Opening Range Gap
	387
	388	These are 3 specific tools you can use to answer this question
	389
	390	[[image:image50.png]]
	391
12.2	392	Original Reference: ?
	393
3.1	394	====== ~[[[top>>path:#]]] ======
2.1	395
6.2	396	== NWOG Actual and NWOG ==
2.1	397
10.3	398	NWOG Actual = Fridays close to Sundays Open
	399
	400	NWOG = Fridays close to Mondays Equities Open at 9:30am
	401
	402	(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)
	403
	404	[[image:image47.png]]
	405
12.2	406	Original Reference: ?
	407
3.1	408	====== ~[[[top>>path:#]]] ======
2.1	409
6.2	410	== Macros ==
2.1	411
10.3	412	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!
	413
	414	You can enter prior to the macro beginning.
	415
	416	The run will originate inside the macro time but does not have to complete it. It can still deliver after macro close
	417
	418	The NY session Macros (All NY eastern time):
	419
	420	9:50-10:10am (MY FAVORITE)
	421
	422	10:50-11:10 am
	423
	424	11:50-12:10 pm (l never trade this one...)
	425
	426	1:30pm Judas
	427
	428	3:15-3:45 pm "Sweet Spot"
	429
	430
	431	As a bonus here are some example of my favorite macro 9:50-10:10:
	432
	433	Example 1 (ES 1 min)
	434
	435	SSL swept right at open into Daily C.E level
	436
	437	MSS+Displacement created FVG and +OB
	438
	439	SMT with NQ
	440
	441	Long entry in FVG
	442
	443	Target most recent high break/ NWOG
	444
	445	[[image:image12.png]]
	446
	447	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
	448
	449	[[image:image19.png]]
	450
	451	Example 2 (ES 1 min)
	452
	453	A couple ES NFP Friday Scalps
	454
	455	1st:
	456
	457	LOD sweep + 1H FVG C.E
	458
	459	Strong Displacement creating FVG
	460
	461	1m bearish FVG clear DOL
	462
	463
	464	2nd:
	465
	466	Entry off inversion level and +OB
	467
	468	Scale at new short term high
	469
	470	Wanted 3916 but stopped B.E on runners
	471
	472	[[image:image4.png]]
	473
	474	Example 3 (ES 1 min)
	475
	476
	477	Market left REHs at the London High
	478
	479	Previous Week's low Sell side swept and had a MSS+Displacement (2022 model)
	480
	481	DXY had a liquidity void to fill below meaning ES
	482
	483	Long entry in the Unicorn
	484
	485	[[image:image36.png]]
	486
	487	DXY 15 min
	488
	489	[[image:image5.png]]
	490
12.2	491	Original Reference: ?
	492
3.1	493	====== ~[[[top>>path:#]]] ======
2.1	494
6.2	495	== 10-11am Silver Bullet ==
2.1	496
10.4	497
	498	Here's something to backtest
	499
	500	According to ICT, between 10-11am NY time you will find a FVG that delivers 5 handles EVERY day 100% guaranteed
	501
	502	It'll ALWAYS be there aiming for an opposing pool of liquidity
	503
	504	You will find it on the 1min, 30s, or 15s timeframe
	505
	506	This is true even on choppy days and shortened bank holidays where market closes early
	507
	508	[[image:image29.png]]
	509
	510	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.
	511
	512	When in doubt stay out!
	513
	514	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:
	515
12.2	516	Original Reference: ICT Twitter Space \| Time Based Setups & Models \| May 6th 2023
10.4	517
3.1	518	====== ~[[[top>>path:#]]] ======
2.1	519
6.2	520	== MSS after 1pm ==
2.1	521
10.4	522	If there is a shift in Market Structure after 1pm,
	523
	524	Price will most likely run for Lunch and AM Session Buy Stops
	525
	526	[[image:image41.png]]
	527
12.2	528	Original Reference: ?
	529
3.1	530	====== ~[[[top>>path:#]]] ======
2.1	531
1.1	532	== How to use NWOG inside of old areas of orderflow ==
2.1	533
10.5	534	[[image:image32.png]]
	535
	536	ES 5m
	537
	538	[[image:image8.png]]
	539
12.2	540	Original Reference: ?
	541
3.1	542	====== ~[[[top>>path:#]]] ======
2.1	543
1.1	544	== Immediate Rebalance ==
2.1	545
10.5	546	If we are bullish and price does this formation it is one of the most powerful signatures for IMMEDIATE dynamic price delivery
	547
	548	[[image:image40.png]]
	549
12.2	550	Original Reference: ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow
10.5	551
3.1	552	====== ~[[[top>>path:#]]] ======
2.1	553
1.1	554	== Using NWOG to analyze market conditions ==
2.1	555
11.1	556	[[image:image24.png]]
	557
12.2	558	Original Reference: ?
	559
3.1	560	====== ~[[[top>>path:#]]] ======
2.1	561
1.1	562	== Inversion FVG example ==
2.1	563
11.1	564	If a market closes above a FVG that you think should be bearish, thats not a good shorting opportunity
	565
	566	Many times its communicating to you it will become an inversion FVG
	567
	568	$ES example
	569
	570	[[image:image51.png]]
	571
12.2	572	Original Reference: ?
	573
3.1	574	====== ~[[[top>>path:#]]] ======
2.1	575
1.1	576	== How to approach the lunch hour when bias/target is clear ==
2.1	577
11.1	578	Price hasn't reached Daily/Weekly Target? Expectation for lunch hour is too look for a 5/15min low or RELs
	579
	580	If there is a FVG or VIB just underneath that low that is a UNICORN
	581
	582	[[image:image45.png]]
	583
12.2	584	Original Reference: ?
	585
3.1	586	====== ~[[[top>>path:#]]] ======
2.1	587
1.1	588	== Seek and Destroy cheat sheet ==
2.1	589
11.1	590	[[image:image48.png]]
	591
12.2	592	Original Reference: ?
	593
3.1	594	====== ~[[[top>>path:#]]] ======
2.1	595
1.1	596	== Partials at wicks/long tails ==
2.1	597
11.1	598	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)
	599
	600	Often times price can trade right to the CE of the wick, stop on a dime, consolidate, or straight up reverse.
	601
	602	[[image:image27.png]]
	603
12.2	604	Original Reference: ?
	605
3.1	606	====== ~[[[top>>path:#]]] ======
2.1	607
1.1	608	== Understanding Balanced Price Ranges(BPRs) ==
2.1	609
11.1	610	[[image:image7.png]]
	611
12.2	612	Original Reference: ?
	613
3.1	614	====== ~[[[top>>path:#]]] ======
2.1	615
1.1	616	== More Silver Bullet gems ==
2.1	617
11.1	618	The Silver Bullet FVG does NOT have to happen inside the one hour period. Only the entry does.
	619
	620	It can refer back to a FVG that formed in the run up if its bullish between 9:30-10am (vice versa)
	621
	622	There is a macro that begins at 1:30pm that sets the tone and pace for the 2-3pm Silver Bullet.
	623
12.2	624	Original Reference: ?
	625
3.1	626	====== ~[[[top>>path:#]]] ======
2.1	627
1.1	628	== ICT Glossary of terms ==
	629
11.1	630	BB - Breaker Block
	631
	632	BISI - Buyside Imbalance Sellside Inefficiency
	633
	634	BPR - Balanced Price Range
	635
	636	BRK - Breaker
	637
	638	BSL - Buyside Liquidity
	639
	640	CE - {{glossaryReference glossaryId="Glossary" entryId="Consequent Encroachment"}}Consequent Encroachment{{/glossaryReference}} (Inefficiencies Only)
	641
	642	DOL - Draw on Liquidity
	643
	644	EQH - Equal Highs
	645
	646	EQL - Equal Lows
	647
	648	FVG - Fair Value Gap
	649
	650	iFVG - Implied Fair Value Gap
	651
	652	HRLR - High Resistance Liquidity Run
	653
	654	IDM - Inducement
	655
	656	{{glossaryReference glossaryId="Glossary" entryId="IOFED"}}IOFED{{/glossaryReference}} - Institutional Orderflow Entry Drill
	657
	658	LRLR - Low Resistance Liquidity Run
	659
	660	MB - Mitigation Block
	661
	662	{{glossaryReference glossaryId="Glossary" entryId="MMBM"}}MMBM{{/glossaryReference}} - Market Maker Buy Model
	663
	664	{{glossaryReference glossaryId="Glossary" entryId="MMSM"}}MMSM{{/glossaryReference}} - Market Maker Sell Model
	665
	666	MMXM - Market Maker Model
	667
	668	MSS - Market Structure Shift
	669
	670	MT - Mean Threshold (Blocks Only)
	671
	672	NDOG - New Day Opening Gap
	673
	674	NFP - Non Farm Payroll
	675
	676	NWOG - New Week Opening Gap
	677
12.2	678	OB - Orderblock
11.1	679
	680	{{glossaryReference glossaryId="Glossary" entryId="OTE"}}OTE{{/glossaryReference}} - Optimal Trade Entry
	681
	682	PA - Price Action
	683
	684	PB - Propulsion Block
	685
	686	PD - Premium / Discount
	687
	688	PD Array - Any type of ICT entry (FVG, VI, OB etc)
	689
	690	PDH - Previous Day High
	691
	692	PDL - Previous Day Low
	693
	694	PWH - Previous Week High
	695
	696	PWL - Previous Week Low
	697
	698	RB - Rejection Block
	699
	700	SIBI - Sellside Imbalance Buyside Inefficiency
	701
	702	SSL - Sellside Liquidity
	703
	704	VI - Volume Imbalance
	705
3.1	706	====== ~[[[top>>path:#]]] ======
10.3	707
10.4	708