ICT YT - 2024-08-19 - ICT 2024 Mentorship - Lecture 11

Last modified by Drunk Monkey on 2024-08-31 08:10

# Summary 

ICT YT - 2024-08-19 - ICT 2024 Mentorship - Lecture 11

The meeting focused on trading strategies and techniques, particularly for the NASDAQ. ICT discussed the importance of understanding price action, entry patterns, and the significance of the Jackson Hole symposium. He emphasized the use of fair value gaps and institutional order flow entry drills to identify entry points. ICT highlighted the need for traders to be disciplined, patient, and to avoid overtrading, especially during volatile periods like the Jackson Hole symposium. He also stressed the importance of visualizing levels on charts and using tools like trading view to enhance analysis.

 Action Items

[ ] Continue daily livestreaming sessions to discuss ongoing price action and market dynamics

[ ] Review past mentorship videos from 2017 to understand concepts like relative equal highs/lows

[ ] Consider using institutional order flow entries and fair value gaps as an initial trading model

 Outline

# NASDAQ Analysis and Watermarks
- ICT discusses the NASDAQ and mentions comments from students about watermarks and trading tools.
- ICT explains the use of watermarks and the need to test them for effectiveness.
- ICT clarifies that he is not on social media platforms like Instagram, Discord, or Facebook, and does not offer paid mentorships.
- ICT addresses questions from students about using Caleb's model and entering setups.

# Jackson Hole Symposium and Price Action
- ICT mentions the Jackson Hole symposium and its potential impact on price action.
- ICT explains the mechanics of how price action is influenced by the symposium.
- ICT discusses the opening gap for the new week and the importance of calibrating levels on the one-minute chart.
- ICT annotates key levels on the chart, including the settlement price and opening price.

# Opening Range and Liquidity Levels
- ICT explains the concept of the opening range and the importance of understanding it.
- ICT highlights the difference between the opening price and the closing price.
- ICT discusses the importance of respecting the opening range and the potential for price to revisit these levels.
- ICT emphasizes the need to watch for interest in the relative equal highs and lows.

# Entry Models and Fair Value Gap
- ICT introduces the concept of fair value gap and its importance in entry models.
- ICT explains how to use the fair value gap to identify potential entry points.
- ICT discusses the importance of not chasing price action and instead learning to trade with discipline.
- ICT highlights the need to understand the mechanics of price action and the importance of visualizing levels on the chart.

# Jackson Hole Symposium and Market Sentiment
- ICT reiterates the potential for volatility during the Jackson Hole symposium.
- ICT explains how market sentiment can be influenced by the symposium.
- ICT discusses the importance of understanding the characteristics of the week of the Jackson Hole symposium.
- ICT emphasizes the need to be prepared for overlapping price delivery and potential stop-outs.

# Trading Strategies and Discipline
- ICT discusses the importance of discipline and patience in trading.
- ICT explains the concept of partial trades and the benefits of taking profits early.
- ICT highlights the need to avoid overtrading during the Jackson Hole symposium.
- ICT emphasizes the importance of understanding the market and not trying to outsmart it.

# Fair Value Gap and Institutional Order Flow
- ICT explains the concept of the fair value gap and its role in institutional order flow.
- ICT discusses how to identify potential entry points using the fair value gap.
- ICT highlights the importance of understanding the mechanics of price action and the role of institutional order flow.
- ICT emphasizes the need to be prepared for potential stop-outs and the importance of discipline.

# Jackson Hole Symposium and Market Reactions
- ICT discusses the potential reactions of the market during the Jackson Hole symposium.
- ICT explains how the symposium can influence market sentiment and price action.
- ICT highlights the importance of understanding the characteristics of the week of the Jackson Hole symposium.
- ICT emphasizes the need to be prepared for potential stop-outs and the importance of discipline.

# Trading Strategies and Market Reactions
- ICT discusses the importance of understanding market reactions and potential stop-outs.
- ICT explains the concept of partial trades and the benefits of taking profits early.
- ICT highlights the need to avoid overtrading and the importance of discipline.
- ICT emphasizes the importance of understanding the market and not trying to outsmart it.

# Fair Value Gap and Institutional Order Flow
- ICT explains the concept of the fair value gap and its role in institutional order flow.
- ICT discusses how to identify potential entry points using the fair value gap.
- ICT highlights the importance of understanding the mechanics of price action and the role of institutional order flow.
- ICT emphasizes the need to be prepared for potential stop-outs and the importance of discipline.

# Jackson Hole Symposium and Market Reactions
- ICT discusses the potential reactions of the market during the Jackson Hole symposium.
- ICT explains how the symposium can influence market sentiment and price action.
- ICT highlights the importance of understanding the characteristics of the week of the Jackson Hole symposium.
- ICT emphasizes the need to be prepared for potential stop-outs and the importance of discipline.