2022 ICT Mentorship Episode 9
Dealing-range premium and discount, imbalance levels, and order-block confluence are used to frame liquidity targets and intraday execution after London-driven equity moves.
Picking the dealing range
Explaning we took SSL under the lows at the left
Then retraced into Dealing Range’s Premium and created an new dealing range after it retraced lower
He’s explaining that, even though we retraced lower to a deep discount, we failed to take the marked lows
After an indecisive candle on Monday, marked with red arrow, opening and closing near the same price with wicks to the both sides.
If we have this condition and the market is trading to a deep discount, even tough we might have a targeted low (SSL), we should think that it might need a retracement.
We also created an imbalance with Monday trading ends.
on Tuesday trading overnight, the imbalances traded to.
Same levels on 15m chart
Low level is Daily SIBI low and Higher one is Daily SIBI high
A head of 8.30
We have relatively equal highs at the left and a huge 15m BISI
The logic is, if BSL is swept with 9.30 opening - there is a high chance that this 15m BISI will be visited before continuation higher to fill Daily SIBI
Although it’s Monday trading so Daily SIBI low is not created yet.
He’s saying that he looks into the likelyhood of coming back down to 15m BISI low.
hits the OB+ inside 15m BISI
ICT states the conditions for him to consider taking a trade:
Did we go below 8.30 opening price? Yes
Did we trade into an imbalance? Yes
Did we hit an OB+? Yes.
Did we take a short term low? Yes. (the low where the cursor is)
Was it an optimal entry? Yes.
Finding High Probability OBs (Bullish one in this example)
- Narrative BIAS is bullish
- You look for displacement higher (energetic price run)
- Downclose candles before the that displacement
same PA on 1m chart
The next day TUESDAY
Enormous London Run
Highs and lows before 8.30
It’s likely to trade down after it created sloppy lows with the opening
He talks about watching the other Youtubers to see their narrative (retail) and using them as an indicator to counter trade them.
Notice how we rallied up but failed to take these Buy Stops
We can anticipate a run into Daily SIBI high since BSL is not even taken as well
ITS EVEN BETTER THESE HIGHS ARE NOT TAKEN OUT
SEE HOW IT GOES UP NEAR THEM AND GOES RIGHT DOWN TO THE LOWS
IT RUNS UP AND STARTS TO CONSOLIDATES. CREATES A LOW AND STARTS TO RALLY.
Everybody is thinking ‘’ I don’t want to lose my profits. I don’t want to lose out on making more money … ‘’
‘’…But I have to put a stop loss below the swing low because the books tell me to do that! ‘’
Retail trader’s mind would be like this and that’s the our logic.
Going down a bit more detail in 1m chart
He says : ‘’ Notice we don’t really have a FVG down here but it gives us the basis to expect the price to start to railly into the afternoon. ‘’
Logic is the overnight stops have been ran out down here so no reason for the market wants to come back down here again.
Post NY lunch (noon to one oclock)
Zoomed in 1m chart
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