2022 ICT Mentorship Episode 23
Wick extremes are used to set targets during high-volatility moves, while normal conditions rely on the highest and lowest opens or closes, alongside model-based trade-idea counting.
Candle WicksExtreme TargetsOpen CloseHigh Volatility
Watch on YouTubeyoutube.com
https://youtu.be/TV9TfwHXuqs?list=PLVgHx4Z63paYiFGQ56PjTF1PGePL3r69s&t=720
He’s mentioning why he’s using wicks to measure the deviation for the targets.
When there is high volatility event and expecting huge moves, wicks are used to measure the extreme targets.
Under normal circumstances, highest and lowest open/close are used to measure. (bulk of the volume are in the bodies)
https://youtu.be/TV9TfwHXuqs?list=PLVgHx4Z63paYiFGQ56PjTF1PGePL3r69s&t=866
He’s counting the trade ideas based on the model
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