Notes
- The New Week Opening Gap (NWOG), which stretches from Friday’s close to Sunday’s opening, acts as a magnet for price movements, meaning prices often return to these levels unless there’s a strong trend.
- A key indicator of a consolidation phase is when prices repeatedly return to the NWOG multiple times.
- We use the NWOG the same way we use supports and resistances.
- Low-resistance liquidity runs occur when there is a strong conviction in one direction, leading to rapid price movements.
- In high-resistance liquidity environments, trades are often more challenging and less predictable.
- Usually, there are no macros during trading days.
- The macros are 20-minute time windows.
ICT 2022 YouTube Model
ES Trade Example - Premium And Discount
ES Trade Example - Low-Resistance Liquidity Run
ES Trade Example - Short Trade Entry
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