1) The impact of quarterly cycles in the markets as a whole cannot be overstated. Every three months or so, the markets will tend to form an intermediate term turning point. (ICT Mentorship Core Content - Month 11 - Forex & Currency Mega-Trades)
2) The major forex pairs have futures contracts that can help analysis. There may be something in the price action of the underlying futures that leads to an opportunity. (ICT Mentorship Core Content - Month 11 - Forex & Currency Mega-Trades)
3) London Open is ideal when daily chart is clearly respecting PD Arrays; when the market has recently responded off of a HTF PD Array and hasn't yet met an opposing PD Array; when daily range hasn't recently exceeded its 5 day ADR. (Month 8 - When To Avoid The London Session)
4) The best rules are the ones that help you stay out of the marketplace. (Month 8 - When To Avoid The London Session)
5) As a day trader, generally we're looking for the PDH or PDL to be traded to. Use order flow direction and PD Array matrix for specific bias. (Month 9 - Filling The Numbers)
6) Generally NY Session is a continuation of London, but not always. NY Reversals occur when price eventually trades to a HTF PD Array. London Close Reversals tend to happen on large range days. (Month 9 - Trading Market Reversals)
7) Always be referring to the last 3 days (counting today) and their respective Highs and Lows. A lot of liquidity resting above and below. (Month 9 - Trading Market Reversals)
8) If price is down all week and on Thursday starts trading above Sunday open, we will likely get a reversal. (Month 8 - Essentials To ICT Daytrading)
9) Generally after 3 consecutive daily up closes you'll get a retracement lower (so avoid longs). Opposite for down closes. Unlikely the 4th day will be a large range day. (Month 8 - When To Avoid The London Session)
10) If you think dollar will weaken, look at the relative strength of the foreign currencies, and pick the strongest one to long. (ICT Mentorship Core Content - Month 11 - Forex & Currency Mega-Trades)
This is the 2nd of many threads I'll publish from my Core Content notes. Future topics will cover PD Arrays, SMT, Entry Models, Timeframes, Ranges, and more.
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✍️ I organized over 250 pages of my notes from ICT's "Premium Mentorship Core Content" series. I'll be publishing them here.
💡 In this first thread I've collected 15 of my favorite "lightbulb moments" from the mentorship. Enjoy!
#ICT #innercircletrader #trader #trading #smc
1. ICT only has three entry patterns: liquidity voids, orderblocks, and stop runs. (Month 3 - Timeframe Selection & Defining Setups)
2. In bearish weeks, as long as price is below Sunday open, we only take shorts, until a HTF discount array is hit. (Month 8 - Essentials To ICT Daytrading)
· When to buy & sell
· How to determine directional bias
· Where to find high probability reversals for daytrading
A thread...let's go!
Use this flow chart to determine your high timeframe bias. This will clear up so many doubts about when to long and when to short. Details explained below...
Here is the key to the chart, with directions for when to buy and when to sell. This is for swing trading, but the entries can be refined for high probability daytrades and scalps. But what are Premium and Discount arrays?...
In this thread I teach this strategy step by step. It's based on ICT concepts. I've modified it for trading crypto and backtested it with years of data. If you have studied my Entry Model 1, this will be easy. Let's get into it!
This example uses two timeframes: 4h/15min. It looks at a profitable long. Detailed instructions and definitions are on every diagram! Other timeframes can be used.
Step 1: A 4h fair value gap (FVG) is formed.
Step 2: Price trades into the 4h FVG.
Step 3: Mark the last 15m swing high that formed before price traded into the 4h FVG.
Step 4: Price trades through the 15m swing high and a 15m candle body closes above it.
In this thread I teach this strategy step by step. It's entirely based on ICT's 2022 YouTube Mentorship model. I've modified it very slightly for trading crypto and backtested it with years of data. Let's get into it!
This model uses two timeframes: 4h/15min. The example looks at a profitable short. Detailed instructions and definitions are on every diagram!
Step 1: A 4h swing high is formed.
Step 2: Price trades through the 4h swing high.
Step 3: Mark the last 15m swing low that formed before price traded through the 4h swing high.
Step 4: Price trades through the 15m swing low and a 15m candle body closes below it.