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Wiki source code of ICT Mentorship 2023 Gems

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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 you're fucked ==
308
309 "When 3 PD arrays fail you're fucked.  It's going the other direction."
310
311 [[image:image22.png]]
312
313 References:
314
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
318 ====== ~[[[top>>path:#]]] ======
319
320 == A CLOSE below the swing low that we would see as being a Market Structure Shift, we treat it as a Breaker ==
321
322 [[image:image3.png]]
323
324 Original Reference: ?
325
326 ====== ~[[[top>>path:#]]] ======
327
328 == 3 candle price action signature ==
329
330 [[image:image53.png]]
331
332 Original Reference: ?
333
334 ====== ~[[[top>>path:#]]] ======
335
336 == Event Horizon ==
337
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
364 Original Reference: ?
365
366 ====== ~[[[top>>path:#]]] ======
367
368 == How to avoid taking a low probability FVG ==
369
370 How to AVOID taking low probability FVGs using DXY
371
372 [[image:image43.png]]
373
374 Original Reference: ?
375
376 ====== ~[[[top>>path:#]]] ======
377
378 == How far can you trust price to go above BSL or SSL for a Turtle Soup? ==
379
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
392 Original Reference: ?
393
394 ====== ~[[[top>>path:#]]] ======
395
396 == NWOG Actual and NWOG ==
397
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
406 Original Reference: ?
407
408 ====== ~[[[top>>path:#]]] ======
409
410 == Macros ==
411
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
491 Original Reference: ?
492
493 ====== ~[[[top>>path:#]]] ======
494
495 == 10-11am Silver Bullet ==
496
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
516 Original Reference: ICT Twitter Space | Time Based Setups & Models | May 6th 2023
517
518 ====== ~[[[top>>path:#]]] ======
519
520 == MSS after 1pm ==
521
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
528 Original Reference: ?
529
530 ====== ~[[[top>>path:#]]] ======
531
532 == How to use NWOG inside of old areas of orderflow ==
533
534 [[image:image32.png]]
535
536 ES 5m
537
538 [[image:image8.png]]
539
540 Original Reference: ?
541
542 ====== ~[[[top>>path:#]]] ======
543
544 == Immediate Rebalance ==
545
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
550 Original Reference: ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow
551
552 ====== ~[[[top>>path:#]]] ======
553
554 == Using NWOG to analyze market conditions ==
555
556 [[image:image24.png]]
557
558 Original Reference: ?
559
560 ====== ~[[[top>>path:#]]] ======
561
562 == Inversion FVG example ==
563
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
572 Original Reference: ?
573
574 ====== ~[[[top>>path:#]]] ======
575
576 == How to approach the lunch hour when bias/target is clear ==
577
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
584 Original Reference: ?
585
586 ====== ~[[[top>>path:#]]] ======
587
588 == Seek and Destroy cheat sheet ==
589
590 [[image:image48.png]]
591
592 Original Reference: ?
593
594 ====== ~[[[top>>path:#]]] ======
595
596 == Partials at wicks/long tails ==
597
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
604 Original Reference: ?
605
606 ====== ~[[[top>>path:#]]] ======
607
608 == Understanding Balanced Price Ranges(BPRs) ==
609
610 [[image:image7.png]]
611
612 Original Reference: ?
613
614 ====== ~[[[top>>path:#]]] ======
615
616 == More Silver Bullet gems ==
617
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
624 Original Reference: ?
625
626 ====== ~[[[top>>path:#]]] ======
627
628 == ICT Glossary of terms ==
629
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
678 OB - Orderblock 
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
706 ====== ~[[[top>>path:#]]] ======
707
708