ICT introduced this everyday trading model that always takes place between 10am & 11am EST last week on the "Until the Brakes Fall Off..."
In todays ICT Livestream we got a lot more info!
March 30, 2023 Live Tape Reading - AM Session
Video timestamps: [49:24 - 1:08:00]
- Everyday between 10am & 11am EST
- Identify an obvious pool of liquidity that has not been tapped into or engaged
- Wait for displacement towards liquidity pool between 10am & 11am
- Find a FVG (FVG has to be opposite the targeted liquidity pool)
- Wait for price to trade back into FVG and then reprice out of the FVG towards the targeted pool of liquidity
- Then drop down to the 1-min, 30-sec, 15-sec chart and start looking for a second FVG
- The next FVG you see on the 1-min, 30-sec, 15-sec chart (after price has traded back into the higher timeframe FVG) instantly enter the trade in the direction of the targeted liquidity pool
- Trader needs to validate whether the range from their potential FVG entry and Liquidity Pool is greater than 5 handles
- Take profit after 5 handles of profit (or liquidity pool reached)
Here is the link to the original Twitter Space where ICT introduced the ICT Silver Bullet
- Purpose: 5 handles (or more)
- Time: between 10am & 11am EST
- Day: every single trading day! Even shortened holiday trading days
- Chart timeframes: 1-min, 30-sec, 15-sec chart
- Price Terminus: At 10am EST identify the opposing pool of Liquidity (Buyside or Sellside) that is going to be run between 10am & 11am EST
- Wait for the obvious run on Liquidity
- Looking for: a FVG
2/10/2023: SMT Helps You Anticipate Price Reversals
I think of Impulse Price Swings as elastic bands
If price on one asset (A) went very far down while it's correlated asset (B) didn't, then it is likely that on the way up B will go higher than A
How is this used: Turtle Soup
Turtle Soup is ICT's term for a false breakout of a Liquidity Pool. Price crosses the Liquidity Pool level and then quickly reverses back the other direction
In the example above NQ went down through several Sellside Liquidity levels while ES could not get through one
This means that NQ was stronger to the downside so we should expect NQ to be weaker on the upside Impulse Price Swing
2/9/2023: How to pick the **Correct** ICT 2022 Mentorship Asset
I cracked the 2022 Mentorship code!
See below for several detailed chart examples highlighting this concept
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Example #1 A: 2/9/2023 (today)
NQ on the 15 minute chart. If you had entered short in the FVG you would have been stopped out
Notice that NQ fails to make a lower low before filling the FVG (not highlighted)
Example #1 B: 2/9/2023 (today)
ES on the 15 minute chart. Notice the downward sloping SMT Divergence on ES compared to the upward sloping on NQ. Price comes right to the FVG and then dumps
2/8/2023: Identifying ICTs 2022 Mentorship Pattern Is Not Enough
I got stopped out for a loss on a valid ICT 2022 Mentorship Sell Model while trading ES
After price stopped me out it quickly ran to my exact target!!
But why?
Let's explore "Correlated Assets" to learn why
First off I had (what turned out to be) the correct Bias (which is the direction you think price is going to go) and even correct Narrative (which is how price is going to get to a location)
Bias: Bearish
Why? The previous days JPow move ended the day straight up. So any traders that swung long were underwater today (overnight didn't make a new high)
On the daily there was a FVG with a FVG Low that lined up with Equilibrium of the previous days move (ES 4143)
In today's livestream ICT explained how to decide which FVG to target for an entry when there are multiple FVGs to choose from in the 2022 Mentorship Model
Read on for ICTs 2 things to help you grade the FVGs
Option 1: Volume Imbalances
Look for Volume Imbalances lining up with the FVGs to narrow down your entry locations
Option 2: Equilibrium of MSS Swing
Draw a Fibonacci on the MSS Swing and the FVG that lines up with Equilibrium is a good FVG to target for an entry