2022 ICT Mentorship Episode 38

The framework shared beforehand on Twitter here... https://twitter.com/I_Am_The_ICT/status/1534193769439977478?s=20&t=osxoC2J4QSa2ssFpPWJLUQ

Tonight I cover when trades can be taken in the lunch hour, versus when it shouldn't be. When to abandon your Bias & what determines why? Why the 5 minute chart was used for entry and more on my Power Of 3 concept.

DOL commentary in the beginning

‘’

Okay. So we're expecting higher prices after
this shift in intraday volatility.

‘’

Alright, here's the hourly chart, you can see how we did not
take these relative equal lows out, I want to see it go down there.

I was looking forward to see it tried to draw down into that. It didn't do it.
It did not give a setup either based on the model I'm teaching you. So I used

the intraday volatility and the framework to kind of like, teach you today, a
little bit more about bias, how to change gears with your bias, how to also
manage your bias

it gave an opportunity to tape read

paper trade, or even demo using the drawn liquidity, but the model
itself didn't materialize.

What did I do? And how do I go about abandoning a specific bias? How do I

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change gears? If it is applicable? Sometimes it's not applicable to reverse and
just means moods or sidelines? And the same? I'm not gonna do anything? And what

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are the characteristics that would lead to a bias that is changed? And how do
you use that logic going forward, and how to navigate the New York lunch hour.

Alright, so notice
that we had this low here, taken with this run, then this low was taken with

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this run in this low was taken with that run. So notice what we're seeing we're
seeing multiple lows get taken. And then the market reverses while offering

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really no high probability shorting opportunity, the 4070 level never got tagged
liquidity left in place, okay.

So we have a high of 4168 and a quarter my fairway gap over
here. So you have two premium arrays, that may be a draw on liquidity

15m chart

You can see how we just kept going lower than the previous

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lows. And then finally, we had a run higher. So we had a short term shift in
market structure relative to the 15 minute timeframe. Remember, that's our

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Bellwether chart. So it runs higher,

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creates a fair value gap in here and trades down into it here.

 I was looking for

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4070 today, to see if we can get down outside the range of that daily fair value
got. And we fail to do so. And then the market shifted higher. Now, the whole

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time I'm looking at the market, it's not giving me any kind of short. I'm not
comfortable taking any kind of short, and all of a sudden the market does this.

He was looking for that SSL pool on the daily chart - wanted to see the price goes outside of the daily BISI to reach there.

He realized that there were no proper short setups were being offered and then he saw the displacement higher.

We don’t look for support and resistance.

We’re looking at the fact that we went through this short term high, created an imbalanced then we drill down into that.

I'm interested

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in looking at Inter market relationships, I want to study real accumulation and
distribution. Okay, how do I do that

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But I want you to go back to your 15 minute chart. This is where the work is
required on your part, in this price Run from here to here, on that 15 minute

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chart, look at your chart and shade that in on a 15 minute timeframe. And then
drop down into the five minute you'll see how it drops into that shaded area. So

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we're working from a higher timeframe, 15 minute Bellwether chart into a five
minute chart.

Now if you're just staying on

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one timeframe, or at least not carrying over higher timeframe, analysis into
your lower timeframe, you're gonna be trading blind, you have no idea what

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you're looking for.

Alright, so anyway, it digs down into that fitting a

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timeframe for a gap here and then rallies higher, then it starts to trail off
and goes down into this imbalance right here. Now in that little Stinger video,

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I draw this whole area with a rectangle. And I do a small little box up here.
Okay, and what that box is, is if it goes down into here, and starts to rally,

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I'm going to take half that position off once it gets into this area here again,
okay, I don't need to go above this return high. So that's what that little red

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rectangle represents when you see me doing that Stinger little vignette video on
my Twitter feed. I'm drawing your attention here. So when we go from this level

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here, if it starts to rally up, once it gets back up in that area, again, I'm
gonna take half the position off, and then see if we can run about that high.

And I want to talk a little bit about
New York lunch. Okay, I gave you rules of engagement when you're trading the

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afternoon session. And primarily, what I gave you for the model was a morning
session idea, but because other people asking and inquiring, hey, can you teach

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us a little bit about the pm session or the afternoon setup? I started bringing
in some things.

Now if the market starts to go higher, okay. In other words, if

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we've been in a bullish market structure, and order flow was bullish, that means
everything's going in one direction, the markets obviously going higher on all

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timeframes, then that's an easy trading scenario. But we're inside that little
trading range area on the daily chart last few days, or a week or so it's just

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been hanging around that smaller range. So you have to know you're doing or
you're going to get caught up.

SMT

Notice that these lows here, here, this is

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lower than that one. Why is that important? Why not draw any distinction between
those two. But if you go and you add your NASDAQ chart overlay, you'll see that

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this is a divergence. So Emini, s&p was relatively stronger than that of the
NASDAQ, NASDAQ, middle, lower low here, okay. And I'll show you that before I

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close the lecture out.

NY Midnight Open

 This is the opening price at midnight. That's what that level is. Now I
teach. If we're bullish, we want to be buying at or close to the opening price.

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Okay, now, here's one of those advance ICT things. Okay?

He’s saying that 2022 Model is a scalping model and this scenario is a day trading model. It focuses on capturing the daily range expansion. To trade like this, we will be using 15 - 5m charts.

If you know that the
market is likely to go down to go up, then you can wait for price to give you

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this type of setup right here, where it goes down, shift in market structure,
come back down into a 15 minute timeframe. If you're ready, get this is

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intraday, or day trading. It is not the model I gave you where it is a scalp,
essentially, that's what that is, the model I've provided for you for this

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YouTube channel is a scalping model. That's exactly what it is. But if you're
gonna day trade daily range, you're gonna be using the 15 and five minute chart.

Now think

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about what I've given you in your notes as it relates to trading the pm or
afternoon session. If you're bullish, generally what will happen is the market

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has ran higher in the morning, then it consolidates into the lunch hour, then
after the lunch hour, it'll drop down and sweet to sell stops or below some

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short term low or the lows made in much. Okay. Now watch what this does here. It
creates a low ahead of the lunch hour and then it drops down into the fair pay

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gap. Is that not doing what I gave you in terms of the rules of what liquidity
is doing? In the afternoon? Post New York lunch more bullish? Yes. What's

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different? It's not consolidating. See that? Is this a consolidation? No, it's a
retracement. So if you can identify an area where it's likely to retrace, and

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some of you asked on the Twitter feed, why am I measuring from here to here to
get this versus this here to here? Well, you have to ring in what I'm trying to

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do, I'm training the daily range, I'm trying to get the majority or the lion's
portion of the daily range. So because I'm doing that, I'm factoring in that

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midnight opening price. So we've went above it here, and once more, so I'm not
expecting it to go back down below here again. So to refer to this low now,

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again, is pointless. I'm going to use this one here for market structure. So
market structure, swing low here to swing high. That's my dealing range. So

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that's why I outlined that one here. Okay. And I'll give you that small little
rectangle here. draw my attention in there in the video here. The go back what I

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mentioned moments ago, that's an old imbalance, it may stall here,

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it may fail here. It may just consolidate and you run for previous day's high,
you know, on Wednesday, so when take half my trade off, which is what I was

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basically what you saw me do, but anyway, it's taking out that short term low on
a retracement. But if it was consolidating in to lunch, I would look for the

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swing lows during the lunch hour and then wait for the drop down sweep them like
it's doing here. And then rally but because this is a retracement going into

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lunch, that took me it, it signals that they're going to work through lunch.

That’s narrative.

Do we see displacement? Do we see energetic move? Yes we do.

So we take the dealing range and wait for the discount.

Why ICT did not bought the BISI the moment it touched on it?
Because he wants to see a stop run before the run occurs. He’s thinking like smart money.

Smart money won’t buy an expansion, it will rather want to buy cheap stops while they’re bullish.

So some sort of SSL is in danger.