2022 ICT Mentorship - Episode 25 - Daily Rebalance Theory & Model Example

Daniel · March 28, 2024, 8:17am

Notes

Michael put this model together, expecting his daughter to use it to achieve financial independence.
The ICT 2022 YouTube model is the easiest of all the models Michael has ever published.
Michael recommends studying, journaling, and backtesting this model for at least six months to achieve the expected results.
ICT Forex - Scout Sniper Basic Field Guide is a series of videos in which Michael first introduces the concept of order block.
We should always be aware of the highs and lows of the last three days, as these levels represent significant areas of support and resistance.
Trying to trade reversals on tops and bottoms is very challenging and usually leads to more losses than profits.
Daily rebalance theory:
- When we are bearish and yesterday’s candle closed below the previous day’s candle, we expect the price to test the low of the day before yesterday’s candle and continue downwards.
- When we are bullish and yesterday’s candle closed above the previous day’s candle, we expect the price to test the high of the day before yesterday’s candle and continue upwards.
Applying the Fibonacci tool to displacement movement helps filter out many bad trades. Ideally, we want to sell in the premium area and buy in the discount area.