ICT Mentorship Core Content - Month 7 - Short Term Trading - Low Resistance Liquidity Runs [Part 1]

ICTShark · March 27, 2024, 7:32pm

Notes

In this lesson, Michael continues to develop the concept of blending IPDA data ranges with PD Arrays.
We look for short trade opportunities in the premium area and long trade opportunities in the discount area.
Using the Fibonacci tool, we can divide our trading range into quadrants.
Michael claims that dividing the trading range in this way is consistent with how the algorithm views discount and premium areas.
Analyzing the market through 20, 40, and 60 lookback periods provides a framework for determining PD arrays for entering and exiting positions.
One Shot One Kill trade can last one day or a whole week.
When we analyze PD arrays, we look for ones that have not yet been used because the algorithm remembers where it has already traded.
Trading in the middle of the range can be challenging if you don’t have a strong directional bias.
The following applies to the consolidation profile:
- The higher the price is in the premium area, the better and easier the short trade will be.
- The lower the price is in the discount area, the better and easier the long trade will be.