Notes
- The ICT Silver Bullet trade is a time-based algorithmic trading model applicable to various asset classes.
- Minimum trade framework:
- Index futures - At least 10 points (or 40 ticks).
- Forex pairs - At least 15 pips.
- The framework is the best-case price delivery that you expect to see, not an exact trade entry-to-exit range.
- Trades that do not meet these minimum trade framework criteria are generally low probability and better ignored.
- Michael’s perception of market movements:
- 10 handles in indices is the same as 20 pips in Forex.
- 5 handles in indices is the same as 10 pips in Forex.
- The framework for ICT Silver Bullet Setups:
- Previous Daily High Or Low Draw On Liquidity.
- Previous Week High Or Low Draw On Liquidity.
- Previous Session High Or Low Draw On Liquidity.
- Return To Current Or Old New Week Opening Gap.
- Expansion Away From Current Or Old New Week Opening Gap.
- Classic ICT Optimal Trade Entry.
- Confluence Of The 2022 ICT Mentorship YouTube Model.
The main emphasis is determining the next most likely draw in the price action.
- We approach NWOGs as areas where liquidity can be drawn.
- ICT Silver Bullet Setup Times:
- 3:00 a.m. to 4:00 a.m. - London Open.
- 10:00 a.m. to 11:00 a.m. - New York AM session.
- 2:00 p.m. to 3 p.m. - New York PM session.
- We look for the first FVG formed during this period and try to identify where the market will want to draw liquidity next.
- Not every setup will form in the same asset each day.
- We should stick to one or two markets initially.
- Each trading day should offer at least one ICT Silver Bullet setup within a chosen market.
ICT Silver Bullet Trade - London Session
ICT Silver Bullet Trade - New York AM Session
ICT Silver Bullet Trade - New York PM Session
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