2023 ICT Mentorship - ES Review & ICT Funded Challenge Discussion: April 5

Notes

  • 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
  • Information about the currently traded futures contract can be obtained at barchart.com.
  • From May to early June, short positions in stock index futures are preferred, as there is a time-tested seasonal tendency for the decline of these markets. Common market wisdom says, “Sell in May and go away”.
  • While seasonal patterns can repeat, they are not guaranteed to produce consistent results.
  • The trades Michael summarizes in this video were based on his knowledge about NWOG, NDOG, premium and discount, time and price, and liquidity.
  • NWOGs serve as magnets for price, with the algorithm programmed to refer back to these levels over extended periods.
  • The literature of classical technical analysis teaches that once a gap is filled, it is useless. However, Michael clearly shows that the algorithm uses gaps (NWOG, NDOG, ORG,…) repeatedly.

ES Trade Examples - Daily Chart

ES Trade Examples - 15-Minute Chart

ES Trade Examples - New Day Opening Gap

ES Trade Examples - Volume Imbalance

ES Trade Examples - Trades

ES Trade Examples - Trade Executions

Next lesson: 2023 ICT Mentorship - NWOG - New Week Opening Gap [Part 2]
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