ICT Mentorship Core Content - Month 7 - Short Term Trading - Market Maker Manipulation Templates

ICTShark · March 27, 2024, 7:26pm

Notes

Michael uses Fibonacci extension levels of 1.27 and 1.68.
When the Fibonacci level overlaps with the PD field, it is generally a stronger level.
Weekly templates are Michael’s playbook for trading the One Shot One Kill Strategy.
The Seek and Destroy Bullish Friday market profile can also happen in a bearish market environment. If the market trades downward below a low but fails to go lower, we can have a high-impact news event sending the price higher.
The Seek and Destroy Bearish Friday market profile can also happen in a bullish market environment. If the market trades upward above a high but fails to go higher, we can have a high-impact news event sending the price lower.
The Seek and Destroy market profile is the hardest market profile to trade. If you see the market consolidating or taking buy stops and sell stops throughout the week, it’s better to sit on your hands and not trade.
The OSOK price action model can produce an entry setup even on Friday.
In some cases, Michael uses the grading price swings mentioned earlier in the Timeframe Selection & Defining Setups lesson. Essentially, this is a process of dividing the trading range into quarters, which helps identify appropriate entry points.