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Last modified by Drunk Monkey on 2024-09-11 12:58
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1 # Summary
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3 ICT YT - 2024-08-30 - ICT 2024 Mentorship - Lecture 21
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5 The ICT mentorship session on August 30, 2024, focused on analyzing the market's behavior, particularly around the 19,000 level and the impact of holiday weekends. ICT highlighted the importance of understanding liquidity pools and the significance of fair value gaps. He discussed the market's erratic movement, including the failure to break above the 19,000 level and the impact of new day and week opening gaps. ICT emphasized the need for traders to be aware of the market's behavior and to avoid overtrading during volatile periods. He also stressed the importance of having a clear trading model and understanding the market's underlying mechanics.
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7 ## Action Items
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9 [ ] Go through 2016 month 4 core content videos over the weekend
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11 [ ] Look for specific setup types like order blocks and volume imbalances
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13 [ ] Consider focusing on quick in-and-out trades
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15 ## Outline
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17 ### Opening Remarks and Chart Analysis
18 - ICT greets the audience and mentions the absence of live streams over the holiday weekend due to a holiday on Monday.
19 - ICT discusses the opening range gap and the importance of understanding the liquidity pools.
20 - He highlights the presence of a huge premium gap and the importance of monitoring the market's behavior.
21 - ICT mentions his readiness for the weekend and shares a personal anecdote about waking up late.
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23 ### Market Movement and Gap Analysis
24 - ICT explains the market's movement around the 19,000 level and the formation of a quadruple royalty high.
25 - He discusses the market's failure to break above the 19,000 level and the subsequent fill of the opening range gap.
26 - ICT mentions a conversation with another YouTuber and the potential for the market to leave juicy red meat above the 19,000 level.
27 - He emphasizes the importance of understanding the market's behavior and the potential for short opportunities.
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29 ### Price Action and Liquidity Analysis
30 - ICT discusses the importance of understanding the immediate rebalance and the expansion and contraction of price action.
31 - He highlights the significance of the 930 level and the potential for the market to reach higher highs.
32 - ICT mentions the importance of monitoring the market's behavior around the noon time and the potential for liquidity draw.
33 - He explains the predictability of the market's behavior and the importance of understanding the algorithm's actions.
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35 ### Holiday Weekend Considerations
36 - ICT discusses the potential for the market to be less active over the holiday weekend and the impact on trading.
37 - He mentions the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
38 - ICT emphasizes the importance of having a clear understanding of the market's behavior and the potential for setups.
39 - He mentions the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
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41 ### Trading Strategies and Market Conditions
42 - ICT discusses the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
43 - He emphasizes the importance of having a clear understanding of the market's behavior and the potential for setups.
44 - ICT mentions the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
45 - He explains the predictability of the market's behavior and the importance of understanding the algorithm's actions.
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47 ### Economic Calendar and Market Impact
48 - ICT discusses the importance of understanding the economic calendar and its impact on trading.
49 - He mentions the potential for the market to be less active over the holiday weekend and the impact on trading.
50 - ICT emphasizes the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
51 - He explains the predictability of the market's behavior and the importance of understanding the algorithm's actions.
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53 ### Trading Psychology and Market Mindset
54 - ICT discusses the importance of understanding the market's behavior and the potential for setups.
55 - He emphasizes the importance of having a clear understanding of the market's behavior and the potential for setups.
56 - ICT mentions the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
57 - He explains the predictability of the market's behavior and the importance of understanding the algorithm's actions.
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59 ### Trading Setups and Market Analysis
60 - ICT discusses the importance of understanding the market's behavior and the potential for setups.
61 - He emphasizes the importance of having a clear understanding of the market's behavior and the potential for setups.
62 - ICT mentions the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
63 - He explains the predictability of the market's behavior and the importance of understanding the algorithm's actions.
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65 ### Trading Strategies and Market Conditions
66 - ICT discusses the importance of understanding the market's behavior and the potential for setups.
67 - He emphasizes the importance of having a clear understanding of the market's behavior and the potential for setups.
68 - ICT mentions the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
69 - He explains the predictability of the market's behavior and the importance of understanding the algorithm's actions.
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71 ### Trading Psychology and Market Mindset
72 - ICT discusses the importance of understanding the market's behavior and the potential for setups.
73 - He emphasizes the importance of having a clear understanding of the market's behavior and the potential for setups.
74 - ICT mentions the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
75 - He explains the predictability of the market's behavior and the importance of understanding the algorithm's actions.
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77 ### Trading Setups and Market Analysis
78 - ICT discusses the importance of understanding the market's behavior and the potential for setups.
79 - He emphasizes the importance of having a clear understanding of the market's behavior and the potential for setups.
80 - ICT mentions the importance of understanding the market's behavior around the holiday weekend and the potential for setups.
81 - He explains the predictability of the market's behavior and the importance of understanding the algorithm's actions.