2022 ICT Mentorship Episode 36
Price action is framed through a drop into discount BISI, a premium reversal through relative equal lows, and the need to avoid rushed post-liquidity moves around 9:30 and NFP week.
1hr chart
drop into discount BISI
Market is in oversold condition
5m chart
After going into premium of the dealing range - it slid aggressively - taking out REQLs
1m chart
this is the chart above:
All this trading was a Tuesday trading. May 31st 2022 on ESM2022 chart.
At the end of the video around minute marker 8.06, ICT mentions that we have a NonFarmPayroll conditions on Friday same week(3rd of June 2022). It’s the first week of every month - transitioning from one month to another.
ICT suggests that on NFPR weeks all the trading should be done by the end of the NY AM session on Wednesday.
He’s saying that the consistency element of trading depends on you to sticking to your rules. Rules of engagement.
The respect to his concepts are lacking during these not favorable times.
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