2022 ICT Mentorship Episode 19
Daily dealing-range discount, sell-side liquidity purges, and order-block thresholds establish a bullish narrative, guiding intraday buys below the New York midnight open toward buy-side liquidity.
m 1h17m
Because we came down to EQ of this range meaning Discount - the BIAS will be bullish for the next few days
Mean Threshold M.T. of the daily OB-
Why are we targeting this upclose candle as a Premium Array?
Because it is the last upclose candle before the displacement lower.
There are 4 sensitive points of this array. Low - Open - M.T. and it’s high (less likely).
We look for the low hanging fruit objective. The easiest one it can reach.
When an EQ of a dealing range is reached or price went down into short-term discount, the next day we can expect it to go higher. BIAS is bullish.
What happens if it doesn’t do that the next day? Then we expect the very next day to be bullish this time. Nothing is perfect. Logic is solid.
m 1h 23
He’s mentioning another of this lesson videos :
Related study: ICT Price Action Lecture: Liquidity Purge & Revert
Saying that he uses NY midnight to separate the days
When an old low is purged we don’t need a close above an old high to understand that Market Shift has happened. When an old high is invalidated by even one tick, it starts the macro.
He says it’s the same premise here. We purged SSL and revert back to the high in the last three days.
He suggest to listen between 1h20m - 24m a few times to grasp it properly.
Same PA on the hourly chart.
He’s saying that after we take SSL and tapped into HTF Discount PD Array, there is a slopiness on this chart (1hr) but that does not matter because WE HAVE A BIAS.
We believe it will go higher to take BSL and reach into Premium PD Array because of reaching discount of the dealing range on Daily chart.
1h 26m
‼️ He says that he will cover the midnight open and 8.30 opening prices and how to use them with more details to avoid further confusion
He’s mentioning that the retails traders see this level as a strong resistance
1h 28m What is narrative?
We purged SellSide - We’re below %50 of the dealing range on Daily TF
So where will it go? Higher!
It needs to go to BuyStops because the smart money accumulate those sell stops and they’re net long and to offset that they need willing buyers at higher prices.
Where are those buyers? BuyStops.
1h 32m
Point of Origin - Terminus concepts are introduced.
We need to change our though process about what we’re looking at in the charts and THAT IS NARRATIVE!
15m chart of the same PA
He’s expaining why he’s chosing these two (1-2) swing points to determine the dealing range of the current PA
He’s saying that because its the most energetic and recent price run.
1h38m
All the we need to do is to try to buy below opening price when we’re bulllish.
5m chart
Short term lows are taken in the form of SSL
5m BISI were traded to
Sharp move higher after that
Traders that long from below and in huge profits they trail their SL’s higher to avoid losing profits
Lunch consolidation took those SSL before moving to the target
1m chart
1m chart and 1d bar candle chart to show PO3
ICT also mentions that he does not use the opening price on the daily chart - instead he goes into the minutes chart and check the 00.00 NY opening price and uses that as a opening price.
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