ICT Price Action Model 6 - Universal Trading Model

ICTShark · March 28, 2024, 12:43pm

Foundation Presentation - Part 1

Foundation Presentation - Part 2

Foundation Presentation - Part 3

Supplementary Lesson

Trade Plan

$ICT Charter Price Action Model 6 \ Buyside Trade Plan$

Algorithmic Theory

Notes

Price Action Model number 6 focuses on the buy-side curve of the Market Maker Buy Model (MMBM) and Market Maker Sell Model (MMSM).
The Market Maker Model is a universal concept that can be applied to any time frame.
It can be used by scalpers, day traders, swing and position traders.
Michael’s price action models build on the knowledge gained from the ICT Mentorship Core Content.
Michael clarifies that the strategy differs from Wyckoff’s theory. Market Maker models (buy and sell) focus on institutional order flow rather than Wyckoff’s ideas of accumulation and distribution zones.
Gold and the Dollar Index typically move in opposite directions.
We should look for areas of accumulation, entering positions during periods of rebalancing and exiting when liquidity targets are hit.
The lookback period for the IPDA data range is chosen depending on the time frame we are looking for market maker models. For example, the 60-day range is for weekly setups, while the 20-day and 40-day ranges are typically for daily setups.
Market Maker Models typically have two accumulation phases, but they may have only one or even none!
If we want to pyramid into positions, there must be enough room to target that the trade makes sense from a risk/reward perspective.
When the Market Maker Model does not offer any retracements and instead quickly moves towards buying or selling liquidity, it will probably be a stop run (turtle soup), and the price will soon head in the opposite direction.