2024 ICT Mentorship - High Resistance & Low Resistance Conditions: October 28

Daniel · December 31, 2024, 3:17pm

Notes

During premarket hours (before 9:30 a.m.), the best setups occur between 7 a.m. and 9 a.m.
Michael wants to trade in the premarket session if the economic calendar doesn’t show any medium-impact or high-impact news on a given day, and he won’t be interested in trading after 9:30 a.m. This rule also applies to Mondays outside the NFP week.
During the NFP week he trades Monday’s RTH session.
On days without major news, professional traders are already participating in the premarket session because they expect poor price action (HRLR conditions) after the market opens at 9:30.
Caleb’s model works with the following time frames:
- 15-second chart.
- 30-second chart.
- 45-second chart.
- 1-minute chart.
Caleb is instructed to seek a first presented FVG on the above time frames after 9:31 a.m.
NDOG and NWOG clusters consist of two or more overlapping gaps. For example, two overlapping NDOGs.
NDOG and NWOG clusters serve as Draw On Liquidity (DOL). In other words, they draw price like a magnet.
If we are bearish in HRLR conditions, the stop loss must be placed above the first candle’s high, forming the bearish FVG.
If we are bearish in LRLR conditions, a stop loss can be placed above the second candle’s high, forming a bearish FVG.
If we are bullish in LRLR conditions, a stop loss can be placed below the second candle’s low, forming a bullish FVG.
If we are bullish in HRLR conditions, the stop loss must be placed below the first candle’s low, forming the bullish FVG.
Opening Range Gap can be defined as the price range of the first 30 or 60 minutes after the opening. Caleb’s model works with a 30-minute range.
Reclaimed FVGs typically form in the High Resistance Liquidity Run environment.
Each of Michael’s PD arrays can have reclaimed variants.
In the HRLR conditions, the individual candles overlap a lot, while in the LRLR conditions, their overlap is minimal.