2022 ICT Mentorship - Episode 5 - Intraday Order Flow & Understanding The Daily Range

[Daniel]

2022 ICT Mentorship Episode 5

Notes

• In the case of indices, this model is not applicable during the Asian Kill Zone.
• Information about the currently traded futures contract can be obtained at barchart.com.
• Futures delivery months:
  • January – F
  • February - G
  • March - H
  • April - J
  • May - K
  • June - M
  • July - N
  • August - Q
  • September - U
  • October - V
  • November - X
  • December - Z
• We always want to trade futures contracts with the largest Open Interest.
• Street Smarts: High Probability Short-Term Trading Strategies is the book that helped Michael understand stop hunts.
• When a three-drive pattern forms, the old swing high or low does not need to be broken to reverse the price, as enough liquidity is already accumulated before the potential breakout.
• New York Lunch starts at noon and ends at 1:00 p.m. It is usually not a good time for trading. Michael advises not to trade during this period.
• Michael usually starts trading the afternoon New York session at 1:30 pm. Just like in the morning, he first marks significant liquidity pools on the 15-minute chart.
• Index movements are smoother, cleaner, and more predictable than forex pairs movements.
• We always want to see obvious displacement before we start looking for FVGs.

ICT 2022 YouTube Model - Futures Contracts Months

ICT 2022 YouTube Model - New York Trading Sessions

ICT 2022 YouTube Model - 3-Drive Pattern

ICT 2022 YouTube Model - NQ 5-Minute Setup

ICT 2022 YouTube Model - NQ Trade Entry And Exit

Next lesson: 2022 ICT Mentorship - Episode 6 - Market Efficiency Paradigm & Institutional Order Flow
Previous lesson: 2022 ICT Mentorship - Episode 4 - Internal Range Liquidity & Market Structure Shifts Examples

[Goku]

In this presentation, ICT explains the 8:30 a.m. time frame for the indices. The market usually begins to seek liquidity around this time, as certain news events also occur then. ICT breaks down the daily profile into three categories: During the morning session, we want to keep an eye on the trend—whether a specific level of a previous high or low is reached, or if there is an expansion before 8:30 a.m. The market likely won’t absorb the liquidity but will only advance to a point of interest. Just as ICT describes the FVG

and the midday session in New York: This is not a trading zone, and after the midday session, we want to proceed exactly as we did in the morning session.

That explains everything, according to ICT. Did I leave anything out? Please let me know if I missed anything!!