Notes
- We cannot trade this model without knowing the context. We always have to build a narrative first.
- Michael uses the ES as an indicator. If he sees a valid signal to enter a trade on ES, he can instead enter on NQ, even if this index market has not generated any entry signal.
- Smart Money Technique (SMT) and Crack In Correlation are two different names for the same ICT concept. Both refer to temporary divergence in otherwise correlated markets.
- SMT divergence examples:
- YM creates a lower low, ES and NQ create higher lows.
- YM creates a lower high, ES and NQ create higher highs.
- YM and NQ create higher highs, ES creates a lower high.
- YM and NQ create lower lows, ES creates a higher low.
ICT 2022 YouTube Model - NQ Daily Premium And Discount
ICT 2022 YouTube Model - NQ Relatively Equal Highs
ICT 2022 YouTube Model - NQ No Market Structure Shift
ICT 2022 YouTube Model - ES Draw On Liquidity
ICT 2022 YouTube Model - ES Trade Entry
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