Notes
- Market Structure Break and Market Structure Shift are two different names for the same ICT concept.
- Michael advises using a 15-minute chart to find liquidity pools.
- Order block (OB) is a change in the state of delivery.
- Every down-closed candle is not a bullish order block, and every up-closed candle is not a bearish order block.
- When two FVGs form after a market structure shift, we let the price test the more distant one first and wait to see if it returns to the closer one. If we see that the price respects the closer FVG, i.e., trades above the FVG in the bullish case or trades below the FVG in the bearish case, we can enter the trade.
- Michael’s maximum risk per trade is 4.5%, but he feels better if he risks only 3 to 3.5%.
- NQ live trade example starts at 41:06.
- Homework:
- Go through your Emini Futures Intraday charts. Look for Stop Hunts that lead to Market Structure Shifts intraday.
- Log your examples with your own annotations for your study journal.
ICT 2022 YouTube Model - Market Structure Shift On 2-Minute Chart
ICT 2022 YouTube Model - Market Structure Shift On 1-Minute Chart
ICT 2022 YouTube Model - NQ Trade Execution Example
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