2022 ICT Mentorship - Episode 21 - Power Of Three In A Strong Trend And Intermarket Relationships

Daniel · March 28, 2024, 8:13am

Notes

Risk-off scenario: If the US dollar’s value rises, foreign currencies will fall, and all other asset classes are likely to fall as well.
Risk-on scenario: If the US dollar’s value falls, foreign currencies will rise, and all other asset classes are likely to rise as well.
When we are bearish, and the price is unable to create a power of three situations, i.e., not trading above the NY Midnight Open price or the 8:30 price, it indicates extreme bearishness.
When we are bullish, and the price is unable to create a power of three situations, i.e., not trading below the NY Midnight Open price or the 8:30 price, it indicates extreme bullishness.
Michael’s typical trade lasts a maximum of 2 hours.
Michael no longer holds positions overnight. He only does day trades and scalps.
There is no way to participate in every market movement. We will miss a lot of moves in the future, and that’s okay. It’s part of the game.
When the market starts to trend strongly, it is possible to enter trades on FVGs in the direction of the prevailing intraday movement.

ICT 2022 YouTube Model - Correlation Between US Dollar And Standard And Poor’s 500