[ ICT 2024 Mentorship #1] August 5, 2024

Time is essential to any price movement. Time is the Main Hallmark to

High Probability EQ High:
when and why
price should produce a displacement, a run, or a retracement. - If the High to the left is higher than the high to the right or a failure swing, we have a very high
Price will always deliver according to time probability the market may
want to trade above there.
Without time, price is useless. Time is the basis on which every main
price swing High Probability EQ Low:
unfolds.
- If the Low on the left is lower than the low on the right or a failure swing, we have a very high
ICT Focuses on a few key times in this Mentorship: probability the market may
want to trade above there.
- 7:00 AM
- 7:30 AM [Priming is where you continuously create, inspire or manipulate the expectations of a large number of
- 8:00 AM investors.]
- 8:30 AM
- 9:00 AM - The Bodies will tell you the story and the wicks Wil do the damage.
- 9:30 AM
- If it is not the right time of day, this model is not going to work
- Mew Week Opening Gape will act as a draw on liqudity
- Always think about where the market is likely to draw to or where - The AM Session starts at 7:00 AM Mew fork Time [ Forex & Indices ]
it is likely to
go to next. 7:00 - 7:30:
- When watchingprice, look for how the market maneuvers and
books between - Search for relative Equal Highs and relative equal lows prior to 7:00
Old Highs, Old Lows and Inefficiencies. - I Minute, 5 Minute and I5 Minute Chart
- Displacement is where the market runs against a pre session, pre - Between 7:00 - 7:30, 8:00 - 8:30, 9:00 - 9:30 [ Look for where the market is smooth ]
day,pre trend - 'Still waters invite rocks"
or price swing price direction.
7:00 - 7:30 = Pre Market Range
- Before 8:30 preferably 8:00, we want to Identify where the highs 7:30 - 8:00 = Opening Range
and the lows 9:00 - 9:30 = Pre Market Range
are residing in difference to the I Minute chart and the 15 Minute 9:30 - [0:00 = Opening Range
timeframe.
Prior to the Pre Market Range, we wil be looking for Relative EQ Highs and Relative EQ Lows.
Timeframes we are focusing on firstly:
- 15 Minute When you have an Equal High and an Equal Low, wait to see which one gets disrupted first before
- 5 Minute engaging.
- IMinute
The Sharks will always go to the still water [ EQ Highs/ EQ Lows ]
In this model, we are studying price at specific times of the day
The Framework Begins at 7:00 AM
- The Market is reaching for Old Highs, Old Lows and Fair Value
Gaps
- "If Zou are Liquidity, you are lunch" - ICT@ Bullish Failure Swing Bearish Failure Swing
- A Draw on Liquidity is not the end all move, it isJust an idea of
where the market
is likely to go or trade to

- The Midpoint between two MWOGs or FDOGs is known as

Event Horizon

- The Market will go to an area of smoothness with the idea of

disrupting any
orders resting above a' below it.
- First thing, Always look for where the market is smooth
To the chart on the left, we can see that ICT Had the (5 Minute Chart opened as wel as the I
Min Chart.

On theI Minute chart, ICT market out Relative EqualHighs which could possibly be an area
15 Min/1 Min for a draw
on liquidity in a bullish scenario.

ICT Also market out a STH which is the line in pink which could also be labeled as low
hanging fruit
objective.

On the I Minute chart, we swept relatively Equal Lows therefore any sell side
liquidity below those lows are now taken out. ICT Then marked out a FVG [SIBI]
in which we traded up into after taking out sei side.

The EQ Highs is oir area of smoothness. The markets like to make smooth edgesJagged.
Above relative
EQ Highs, there is a Pool of liquidity resting above that area.
New Section I Page I
[ ICT 2024 Mentorship #2 ] August 6, 2024

On a 15 Second chart, you can get in on a price run that you missed on a IMinute, 5 Minute or 15
Three Windows of Opportunity
Minute chart. - 7:00 AM
- 8:00 AM
Start at 7:00 In the morning We do not want to look at anything prior to700 with this model.
- 9:00 AM
At 7:00 AM that begins the hunt for relative EQ Highs and relative EQ Lows. Each Hour you are waiting for relative Equal Highs to form or Relative Equal Lows
-
Do Mot look for Relative EQ Highs or lows prior to 7:00 - You can look Prior to 8:00 For Relative Equal Highs or lows youjust cannot look prior to
Mew York Bullish Market Reversal - When Bullish, and London trades down, and then market
7:00
trades back ip in Mew
- When holding on for longer trades or for longer ranges, Refer to the Previous Day's High or
York, overlapping all the Price Action Created in London session. the Previous Day's
Low
Mew York Bearish Market Reversal - When Bearish, and London trades ip, and then market
- When Bullish, the next Logical level you can am for is the Previous Day's High
trades back down in Mew - When Bearish, the next Logical level you can am for is the Previous Day's Low
York, overlapping all the Price Action Created in London session.
- 7:00 AM starts the hunt for Relative Equal Highs or Lows
- When you have Relative Equal Highs and Relative Equal Lows, You wait for one side to be
Don’t predict the setip, wait for the setip taken out
After 7:00 you should be scanning through and looking for Relative EQ Highs and - When Journaling avoid saying negative things in your statements
Relative EQ Lows We were watching the 5 Minute and anticipating relative equal - The first 30 Minutes after 700 AM, 8:00 AM and 900 AM:
lows forming at the swing low. - If there is Relative Equal Highs OR Relative Equal Lows, you want to watch the first 30
Minutes
If the swing low on the 5 Minute was to be formed, we would like to see a run up and potentialy use - If Bullish, in that first 30 Minutes, you want to see a move going in the opposite Erection (Down)
the Relative EQ - If Bearish, in that first 30 Minutes, you want to see a move gang in the opposite direction (Up)
Lows as a setip for our model.
Range Finding:
We are looking to get a draw or a short term bias on a timeframe 15, 5 or IMinute chart which
affords you Bearish:
movement. - When defining range, take yoir fib from the Highest High after 700 and the Lowest Low AT
700 AM
If there is no Obvious Relative Equal Highs or Relative Equal Lows, then you go through on your - When defining range, take yoir fib from the Highest High after 8:00 and the Lowest Low AT
chart and you 8:00 AM
annotate al the inefficiencies - When defining range, take yoir fib from the Highest High after 9:00 and the Lowest Low AT
900 AM
- Whenever you are annotating a EVO with a Volume Imbalance, Incorporate the Volume
Imbalance into the FVQ. Bullish:
- The Volime Imbalance inside a FVQ tells you to ignore the wicks - When defining range, take your fib from the Lowest Low after 700 and the Highest High
- Any wick that reaches up to Consequent Encroachment or less ignore that wick AT700 AM
- When defining range, take your fib from the Lowest Low after 8:00 and the Highest High AT
All PD Arrays have an inversion aspect 8:00 AM
- When defining range, take your fib from the Lowest Low after 9:00 and the Highest High AT
to them Inversion FVQ: 900 AM
[Highest Form of Inversion FVQ]
'If you fed like you are losing touch, zoom out and go to a Higher Timeframe'
- If you have a gap inside the range that creates a breaker, anticipate it to be inversed
- The Inversion FVQ after a run on Equal Highs after 700 AM is a High Probability Inverse FVQ
- Refer to the range that formed the reversal pattern after the relative EQ Highs have been
taken

- Look for areas where the markets can stop people out and go the opposite direction
- Look for areas of Obvious Highs or Obvious lows that can be targeted
- Mo Obvious Lows or Highs, Focus on all the Inefficiencies

- The very first FVQ prior to a stop run, always have that noted
- That FVQ will act as OB and be a Change In The State Of Delivery once broken
- If the FVQ is not there, use the Breaker

- When Bearish focus on every Sei side Imbalance Bayside Inefficiencies

- When Bullish focus on every Buyside Imbalance Sell side Inefficiencies
- There wii normally be a Manipulation or a Judas Swing in the wrong direction before the
real move

1Minute

To the left ICT had theIMinute Chart opened.

On this chart he marked out his Rdative Equal High and/or h's rdative Equal Lows.

We see where the market traded ip after 700 AM to take out the Buyside Liquidity before going
down in its original Desired Direction. Ths move ip is known as Market Maripuiation.

After the market took Buyside Liquidity, we looked in the range that caused the run on stops and
creates the breaker and in that range we see a BI2I.

ICT Marked that out in time and that BISl became an inverse FVQ in which the market wil refer to at
a later date and it will then act as resistance.

The market then formed a range of EQ lows and EQ Highs and then the market
manipilated ip above the EQ Highs so the next target wil be the EQ Lows.
New Section 2 Page 1
[ ICT 2024 Mentorship #3 ] August 7, 2024

There has to be some reason for your setip to be there

Majority of your time will be spent waiting - If we only touch the Mew Week Opening Cap or a series of Mew Day Opening Gaps Once, those
gaps will be highly
30 Minutes after 7:00, 8:00, and 900, we want to see an opposing directionin the marketplace or a sensitive. Therefore we can see a possibility of price drawing to them again.
move in the
- When there is an absence of any news event in the morning session but wo have news events in PM
opposite direction of our Draw On Uqudity.
Session, we can
You have to Observe, you have to sit back and watch what does price do. wait for the news release and look for moves in PM Session.
- If there is no data, medium or High Impact in the morning session, try to trade the afternoon session.
We want to look and wait for the engineering of Liquidity. Uqudity Engineering is when price The typical
creates smooth areas of
cleaner price action will normally be after Mew York linch.
Relative Equal Highs and Equal Lows after a session changeover. - Before you put on a trade, Have an idea of where we could potentiaiy trade to.
True Day OpeningPrice = Midnight Opening - 1:30 Starts the PM Session
- To hold on to trades longer, you have to have something outside of the normal range that you
- Have a floating reserve of at least 5 weeks lookback for Mew Week Opening Gaps on
your charts.
wodd trade for.
- When Holding for larger Price Runs, the risk of you being stopped out increases
- Have a floating reserve of at least 5 Days lookback for Mew Day Opening Gaps
- If you have a Holiday, skip that day and add a new day to it for your Mew Day Opering
- We traded ip into the Bearish FVG, failed to touch the Consequent Encroachment of the Gap
Gaps and moved down with a
- Have a trading layout on Trading view for just Mew Week Opening Gaps. On this layout Bearish Order block formed, that is confirmation
you want to only have
- If there are two FVGs in a price leg, anticipate the market trading up into the hgher one therefore
your Stoploss
your Mew Week Opening Gaps for the asset you are trading.
should incorporate the second FVG.
- To find the Consequent Encroachment of your gap, you can use the fib and measure from
- Inefficiencies are less important than Relative Equal Highs, Relative Equal Lows, MDOG and
the low to the high of
MWOG.
the gap and the midpoint of that gap is the consequent encroachment.
- This is not Equilibrium. Equlibriun is the midpoint of a range which has been delivered ip - If bearish and you see an Inefficiency (SIBI), there is oriy sei side offered. Once we are bearish we
and down. do not want to see
buyside get offered.
- When using Gaps or Mew Day Opening Gaps, the best shorts will form at the Low end of If bearish and price fails to hit Consequent Encroachment of an Inefficiency (SIBI), that means
-
the gap because we
we are really heavy to
want to see the upper part of the gap left open.
the downside.
- When using Gaps or Mew Day Opening Gaps, the best longs will form at the High end of
the gap because we - If buiish and price fails to hit Consequent Encroachment of an Inefficiency (BISI), that means
we are really heavy to
want to see the Lower part of the gap left open.
the ipside.
Whichever day the Mew Day Opening Gap is formed, we count 5 Days after that day to see until
when the gap is valid. Clustered MDOGs mnn i
- In this case the gap was formed on Tuesday, therefore the gap would be vaid until Wednesday
the other week

- If you have a clustering of Mew Day Opering Gaps above where the market is trading at, the
market is most
likely gang to gravitate to where that clustering of gaps are.
- If you have a clustering of Mew Day Opering Gaps below where the market is trading at,
the market is most
likely gang to gravitate to where that clustering of gaps are.

- If there is multiple Mew Day Opering Gaps above price and you are looking to short, in
the first 30 Minutes after your trading window [7:00, 8:00, 900], Give the market a change
to manipulate or to spike up into that gap before you look to go short.

- The first stage in your development as a trader is to be able to tell where the market is likely to
gravitate to.

To the left we can see ICTs trade execution of a trade that he took in the PM Session.
1 Minute
The short was taken using the Mew Day Opening Gap as the Draw on Uqudity and trading the PM
Session's Order flow.

The Short entry was taken once price traded ip into the SIBI and formed a Bearish Order block which
ICT used as confirmation for his short.

Once ICT saw that price failed to hit the Consequent Encroachment of the SIBI, he
knew that the market was heavy Bearish and therefore there could be strong and
hard movement down towards the Mew Day Opering Gap.

ICT Also marked out a STL for sell side Uqudity and the London Lows using the
black line segment. So He framed his trade with the bias of the Mew Day Opering
Gap but he used the London low for targeting Purposes instead of holding for the
Mew Day Opening Gap.
New Section 3 Page 1
[ IGT 2024 Mentorship #4 ] August 8, 2024

8:30 Will spool regardless of whether there is High Impact news events or not because this is a key
time in the AM Session

When the NWOG or NDOG is a large Gap, you can aprply the quadrants to get more defined levels.
However if it is a small gap then we would not want to incorporate the quadrants.

Wherever there is a cluster of New Day Opening Gaps or New Week Opening Gaps, Price will seek to
trade up into these areas than an area withJust I NWOG or NDOG.

- If you have a Breaker that blows out the buyside liquidity, during the run up, if you have a FVQ in
there, that’s the FVQ you want to focus on That FVQ could be a potential Inversion FVQ.

- If you have a Breaker that blows out the sell side liquidity, during the run
down, if you have a FVQ in there, that’s the FVQ you want to focus on. That
FVQ could be a potential Inversion FVQ.

- When bullish, down close candles should act as support

- We are not trading Supply and Demand or Support and Resistance, we are trading old reference
points inefficiency for the purpose of seeing it engage to liquidate traders.

Anything that would make you second guess your expectations of price while watching price action,
Write those points down.

When you have large ranges in price action, use the Fibonacci to identify your equilibrium price point of
the range.

Anytime you see a convergence of a NDOQ low, high or consequent encroachment,

and a down close candle when bullish and price leaves and return to that down close
candle, you can use that as a opportunity for a trade to the upside with the down
close candle acting as a Bullish Order Block.

Anytime you see a convergence of a NDOG low, high or consequent encroachment,

and a up close candle when bearish and price leaves and return to that up close
candle, you can use that as a opportunity for a trade to the downside with the ip close
candle acting as a Bearish Order Block.

When Identifying intraday Bias, you can look for the areas in price action where there is a stacking of
these gaps and anticipate the market gravitating to these areas.

15 Miuw+e

Looking at the chart to the left we can see the annotations IGT Had on his 15
Min
chart.

The New Day Opening Gaps were used as reference points in which IGT
Used them as
Draw On Liquidity

At 8:30 AM we had a news release. IGT Gave us the direction in which he

expects the
8:30 Candle to expand to.

IGT Stated that he expected the 8:30 Candle to expand higher at the
news release in
whichIt did.

What was the catalyst behind why ICT expected if t go higher?

Whenever there is a clustering of NDOGs above price, expect the

market to draw towards that area
New Section 4 Page 1
[ ICT 2024 Mentorship #5 August 9, 2024 ]

In the Evening, wait for 6PM.

At 6:00 PM, we are going to be annotating where we opened at 6 in 7:00 PM Starts the Asian Session
difference to Once you identify you new Initial Buyside And Sell side Liquidity,
where we closed at 5:00 PM, That hour of gap will be your Mew Look to the left and
Day Opening Gap. Identify where the larger pools of liquidity is resting.
- If
your 6:00 PM Opening Price is ABOVE the 5:00 PM Closing When Trading the Asian session annotate you 7:00 PM and watch
price, That 6:00 PMOpening price is your Mew Day opening Cap how price reacts to the MDOG.
High and the 5:00 PM Close will be your Mew Day Opening Cap
Low. Time Scope of Interest = 7:00 PM - 9:00 PM
- If your 6:00 PM Opening Price is BELOW the 5:00 PM Closing When you are Bullish and the market displaces above the MDOG
price, That 6:00 PM Opening price is your Mew Day opening Gap and you take an entry long at or close to the MDOG towards
Low and the 5:00 PM Close will be your Mew Day Opening Gap buyside, Your Stop Loss will have to be below the MDOG.
High.
When you are Bearish and the market displaces below the
- Ifthe Gap is over 20 Handles, You want to have the Midpoint MDOG and you take an entry short at or close to the MDOG
or Consequent Encroachment of the Gap marked out. If the towards sell side, Your Stop Loss will have to be above the
gap is less than 20 Handles then you don't need to have the MDOG.
Equilibrium Marked Out.
When Bullish it’s better to see the market not return into your
The Markets will not move unless it’s time for them to move. BISI as this indicates that the market is Heavily Bullish.
When Bullish, we want to see the market open at 6:00 PM, trades When Bearish it’s better to see the market not return into your SIBI
above and then we as this indicates that the market is Heavily Bearish.
want to see it crossover and go below it for the purpose of taking out
sell side liquidity. For Targeting, you can grade standard Deviations and find the
Midpoint of two
This is where price sets and initial range to build and engineer STDVs (EG -1, 1.5 STDV) for better targeting.
liquidity.
For measured moves, If you are looking for a Bullish Run, look at
The Algorithm engineers liquidity by taking a short term pool of the price leg previous to the leg you are trading long and do a
liquidity out and then measurement and use that same measurement above for targeting that s a
goes the opposing side forming a new low and a new hign. measured price move.

The Mew High and Mew low becomes the initial Buyside and Your London Opening Range is between 12:00 Midnight to 12:30.
initial Sell side Liquidity. The Highest High and the lowest low between 12 Midnight to 12:30
forms your
- If we open at 6:00 PM and we fail to take out some level of Buyside
Or Sell side Liquidity forming a new Buyside and Sell side, Avoid Opening Range for London.
the session. That is indication that Asia will be rather dull and
lacking movement. Majority of the Higher Probability setups will form around Previous
Day’s High and
7:00 PM Starts the Asian Session Previous Day’s Low.

AM Opening Range = 9:30 - 10:00 AM When we are seeking TGIF on Fridays, we can expect the market to trade
back into
We can also switch to Regular trading Hours and we can Identify the weekly range by 20 - 30%.
the Regular Trading
Hour Gap and expect a potential trade towards the Midpoint of
that gap.
In the Evening, wait for 6PM.
There we can see ICT Annotate the minor Buyside for inducing Longs,
and the Minor
Sell side for the sweep of liquidity or to take the stops.
This is where price sets and initial range to build and engineer liquidity.
Here we can see that the market displaced above the MDOG and then at
7:00 it
retests that Mew Day Opening Gap.

The Run Higher away from the Initial Sell side Liquidity showed that
price had zero
interest in going back lower towards the sell side.

ICT then entered long from the Bullish Order block inside the
MDOG and his stop was
placed below the MDOG Low.
Whenever you see a FVG in your direction of price left open, that is
confirmation that
price is heavy in that direction and your target will get hit much
quicker.
Bullish Measured Move Bearish Measured Move

Previous Leg

Previous Leg
before Up Move

Initial Bullish Buyside And Sell side Initial Bearish Buyside And Sell side
[ ICT 2024 Mentorship #6 August 12, 2024 ]

When you have a market with no economic Data, It becomes a lot

more problematic to The first thing you need to know in price action before taking a trade is
trade that session and to get sustained Price Runs. where the
In MFP Week when we have MFP Friday, Monday is a High market is likely to go.
Probability trading day in We can use the MWOG and MDOG for Bias Intraday.
that week.
Wait for the market to becomejagged on the opposite side of where
Seek and destroy is where the market will keep taking out Short these
Term Highs and Short inefficiencies are.
Term Lows with no real one sided directional Move.
Go if the MWOG or MDOG is below current market price, wait for the
IF you are trading the day before an High Impact news event, then market to take
you want to be buyside liquidity before looking to trade down to the inefficiency.
taking your trades early in the morning.
In a premium PD Array or a GIBI, you want to see price leave the upper
When you have MWOGs or MDOGs as your Draw On Liquidity,
half open or
wait for the market to
unfilled.
become^agged on the opposing side or wait for a In a Discount BIGI, you want to see price leave the lower half of the gap
Manipulation Opposite to you MWOG open or
unfilled.
In the morning session, we want to know where a run could form that
is measurable or one sided. The Opening Price on an Order Block is the GIGD

Starting 7AM, we want to see if we are above or below the Mew Week A Minor Gell side Liquidity is a low inside of the range of a larger low
to high or inside
Opening Gap or
Mew Day Opening Gap. an an external low to high.

If we are above the Mew Week Opening Gap or Mew Day Opening A Minor Buyside Liquidity is a high inside of the range of a larger low
Gap, that is one catalyst that tells us that price may want to trade to high or inside
bearishly and deliver sell side towards the gap. of an external high and low.

If we are below the Mew Week Opening Gap or Mew Day When Bearish, up close candles should act as resistance
Opening Gap, that is one catalyst that tells us that price may want to
trade bullishly and deliver buyside towards the gap. When Bullish, Down close candles should act as support

If you have a clustering of Mew Day Opening Gaps below

price or multiple Mew Day Opening Gaps resting below in
close proximity to one another, that is also another catalyst of a
High Probability Bearish Move.
If you have a clustering of Mew Day Opening Gaps below
price or multiple Mew Day Opening Gaps resting above in close
proximity to one another, that is also another catalyst of a High
Probability Bullish Move.
If we are bearish, After 7:00 AM we can wait for relative Equal
Highs to form and wait for price to make a run above those highs for
buy stops and then we can look to go short.

If we are bullish, After 7:00 AM we can wait for relative Equal

Lows to form and wait for price to make a run below those lows for
sell stops and then we can look to go long.
IGT Used the MDOG and MWOG below price as the Draw On
Liquidity for the morning.
He also marked out his Layered Liquidity, this is an area in Price Action
where you
have more than one Areas of Gell side or Buyside Liquidity resting
Above or Below.
IGT Also Marked out his minor Gell side Liquidity as a Low Hanging
fruit objective and
his target was the layered sell side Liquidity.
IGT Marked out the Opening Price of the OB inside of the FUG
indicating the Change
In Gtate Of Delivery.
In this case, the MDOG and MWOG was below current
price which means that the market is likely to gravitate to
those areas than other areas, hence why IGT had a bearish
bias going into the day.
[ ICT 2024 Mentorship #7 August 13, 2024 ]

For Mon Farm Payroll, (CT Recommends to wait until the Silver
Bullet before entering a In a bullish Order block, if you have a range of down closed candles,
trade. the highest
Do not be in a rush to trade after a PPI or CPI numbers release. Wait candle’s opening price indicates your CI2D.
until after these In a bearish Order block, if you have a range of up closed candles, the
news events and give it some time before entering. lowest candle’s
(CT Hates large trending days that keep going in one direction. That opening price indicates your CI2D.
may not be the At 10:50 the market will seek inefficiency or liquidity. This is the
case for you but that’s based on ICT’s Personality beginning of the
A Bullish three drives pattern is where price keeps digging higher 10:50 - 11:10 macro.
into some form of Every 60 Minute interval, at the top of the hour the market will spool
Buyside Liquidity potentially causing a reversal. to one of two
A Bearish Three drives pattern is where price keeps dropping lower things:
into some form of I:
sell side liquidity potentially causing a reversal. a)
STL [Sell side liquidity
b)
STH [Buyside Liquidity]
Large One sided days means that the environment is heavily
manipulated. 2: Spool to an Inefficiency
This Day was a Low Probability day in ICT’s Words. Every Hour of the day, a macro is in
High Probability is where it is very difficult to frame both sides of operation. Time is the most critical aspect
the market. You should have a narrative for one side and it should
be very difficult to have a narrative for the other side. in price delivery. Your charts should
(CT Was looking for shorts today but the market has just been always be set to Mew York Time
grinding up not
providing any suitable shorting opportunities.
You need to be okay with missing a move. Understand the days that ICT (0:50 -11:10 Macro
does not fit your
trading style and avoid those days.
Institutional Order flow Entry Drill is a partial entry into a gap or a
FUG where the
price does not break the CE of the gap.

The inefficiencies that stay open will act as real support or resistance.
If we are trading down to a discount PD Array for example a FVC
(BI9D, the most
sensitive areas would be the midpoint to the high of the gap

If we are trading up into a premium array for example a FVC (2IBI)

the most sensitive
area would be the midpoint to the low of the gap.

Today, ICT Explained that he was not interested in going long even
though price was
going up.
ICT Refers to this price action as heavily manipulated because of the
extended one
sided movement with very little to no retracements in price.

However ICT referred to some key points in which If you were looking to
go long how
you would go about that.

ICT Pointed out the FVC what he marked out and referred to it as an
Institutional Order flow entry drill where the market barely
traded down into the gap not breaking the Consequent
Encroachment.
He also gave insights into the macro and stating that every hour in the
trading day, the
top of the hour will spool to either Liquidity or an Imbalance
[ ICT 2024 Mentorship #8 August 14, 2024 ]

Whenever there is a wicklar^eor a wick, we want to see the market trade

down to the Midpoint of that wick, it it doesn’t trade there, that is
Buyside is where price is offered when going up while buyside
indication that the market is likely to go the other direction.
liquidity is where price is
reaching for when going up.
Whenever there is a wick, You want to measure of grade that wick Sell side is where price is offered when going down while sell side
and Identify the
liquidity is where price
midpoint level. is reaching for when going down.
Sell side Delivery is where the market is going through the motion
of sell side delivery or delivering Price Action to the sell side. This Breakers are a form of Turtle Soups in Changing Direction Price Runs.
is not Sell side Liquidity and its vice versa for buyside. The Run above
the Previous Old High or Low forming the breaker can be classified as
When catching Reversals, there are two types of reversals that we real turtle soup.
should think about:
> Bearish Breaker = High > Low > Higher High
> There is a reversal for changing a Buy or Sell Program into an > Bullish Breaker = Low > High > Lower Low
Opposing Buy or When we are bearish and we leave a gap, we want to see the market start
sell Program. expanding lower with speed, However if we trade up into the gap,
we want to see the market immediately react and start expanding with
> A Change In The State of Delivery is the market shifting from speed.
either Buyside Delivery to Sell side Delivery (Indicated by a
trade and close below the Opening Price of a Bearish Order
block), Or it is the market shifting from Sell side Delivery
When we are bullish and we leave a gap, we want to see the market start
expanding higher with speed, However if we traue down into the
to Buyside Delivery (Indicated by a trade and close above the gap, we want to see the market immediately react and start expanding
opening price of a with speed.
Bullish Order block)
CPI, PPI And TOMO are Manually Intervened.
When you have a range of clear Up-closed Candles and we trade
below it, Your whole range of up-closed candles will act as your If you are going into the trading day not knowing what to expect, you
Change in state of delivery with the Lowest Candle in the Range have an 80%
Opening Price Validating the CISD. Chance of leaving the day unprofitable.
When you have a range of clear down-close candles and we trade
above it, Your whole range of down-closed candles will act as your TVS Stoploss Placement
change in state of delivery with the Highest Candle in the Range
Opening Price Validating the CISD.
(n Bearish Delivery, we want to be referencing every new Bearish
TVS that forms
expecting it to act as resistance.
(n BullishDelivery, we want to be referencing every new Bullish TVS
that forms
expecting it to act as support.
You get better by doing less of the things that you try to do
Whenever you have a wick as your draw of liquidity, you can grade
the wick or the
price swing and get targets in which you can aim for.

Anytime you are trading in a fair value gap you are trading a turtle
soup.

(CT I
Minute
Chart
Today, ICT used the MWOG as a catalyst for framing his short bias
and the Wick from
the Mews for targeting.
He used the FVG as the PD Array for the down move. ICT Graded
the wick that was formed on the Mew Release Candle at 8:30 and
stated that you could use the 0.5 or the midpoint as a target for going
short.
ICT Stated that
a Breaker Block
is a form of
Turtle Soup
where when we
raid the
previous High
into a HTF PD
Array (MWOG)
we use that as a
catalyst to go
short.
The Change
In State Of
Delivery of
the range of
up-closed
candles was
also pointed
out where
once we
closed
below that,
we have
changed our
state of
delivery to
bearish
Price
Delivery.
When we have a
range of up
closed candles
as seen here, we
use the range of
up
closed candles
as our GISD but
we mark the
opening of the
Lowest Candle .
[ ICT 2024 Mentorship #9 August 15, 2024 ]

Always ensure that your chart is set to Mew York Open time.
Smart Money is interested in Buying when price is Cheap or
Discounted and you want to sell Expensive or Premium Price.
in election years, it is normal for the market to keep going higher
and higher.
Before price starts trading higher or going for Buyside, Sell side has
to be engaged.

> Before we trade up, we must trade down

> Before we trade down, we must trade up
Many times when you have runs up in the morning session, it is likely
that price may
want to come back down and touch the Opening Range Cap.

Opening Range High = 9:30 Opening Price in this scenario.

in Bearish Delivery, we want to be referencing every new Bearish
FVQ that forms
expecting it to act as resistance.
in Bullish Delivery, we want to be referencing every new Bullish
(CT Ending Chart
FVG that forms
expecting it to act as support.
As you can see in this notes, there wasn’t much (CT was referring to
in this video as
he was looking for short while the market kept pumping higher
and higher.

Just as in the Beginning of the stream, here is the ending part of the stream.
After the market expanded Higher and Higher, ICT Stuck to his narrative of price
dropping and going lower.
He first wanted to see the FVQ he marked out in orange act as resistance and push
price lower, however the market rang right through the 2IBI turning it into and IFVQ.
ICT Marked out Buyside liquidity and what he wanted to see was
the market trade above Buyside and all the people who were long,
he is expecting their stops to be placed below the Short term low he
highlighted for sell side.
So he was expecting a run on Buyside and then from that run he was expecting a
reversal and a move to sell side liquidity.

IOT I Minute Chart

Today, at the start of the stream this was ICT’s I Minute chart.
ICT wanted to see the market trade above the buyside liquidity and
take those buy
stops before reversing and going for sell side liquidity.

What this means is that, In ICT’s terms whenever we take Buyside

Liquidity and we have relative equal lows below, that will be a
catalyst for smart money to want to trade down into that liquidity
pool.
However when Buyside got taken here the marketJust kept pressing
higher and higher
and refused to trade down to the sell side liquidity.
On days like this ICT says. If your narrative for price isn’t playing out,
you sit and wait
and if your narrative is not coming to fruition then you do nothing.
[ ICT 2024 Mentorship #10 August 16, 2024 ]

Opening Range = Range between 9:30 and 10:00 time. Whatever IF we have a Daily Candlestick that closes at the high or very close to
that range is you the high, that means that it is possible For us to have a nice short trade
can grade it and find the Quadrants and the midpoint. or retracement the Following day.
if previous week’s Friday Failed to Form TGIF, We can bring the On a Daily Candle where we retrace to around 20 - 30 percent oF the
idea over into Monday and expect a move back into the weekly range range, it is
oF around 20 - 30 Percent on Monday. less likely that we would want to come back to the high or low oF that
IF there is an Opening Range or an Opening Range Cap where the daily candle.
levels have not been completely traded to or tested, You can carry Whenever the market has the 20 percent retracement, we can expect
them over From the previous day. You can do this For a maximum
ranging or slow
oF three days as a lookback and use them as key levels.
price action For the rest oF the day.
> Opening Range Cap is the diFFerence between where the Terminus is where you think price is going to go to and once price reaches
previous day settlement price or closing price and where regular
trading hours begin (9:30). Between these two Price Points is the that level
Opening Range Cap. you are satisfied with the move.

> The Opening Range on the other hand is the distance traveled Anytime you are long and you have a STM Formed at around 50% oFhe
between 9:30 - 10:00 Am. So this is the range of how Far in range, take a
which the market traded to between these times. partial at that high.
> IF we open at 9:30 and we start trading up, the highest high at Anytime you are Short and you have a STL Formed at around 50%
10:00 AM to your oFhe range, take a
9:30 Opening Price, that is your opening range. partial at that low.
> IF we open at 9:30 and we start trading down, the lowest low at
10:00 AM to
your 9:30 Opening Price, that is your opening range. Opening Range vs Opening Range Gap
Lunch Hour = 11:30 AM EST - 1:30 AM EST.
Whenever there is a run Higher into the lunch hour oF 11:30, We
can anticipate a measure oF retracement. Identity after 10AM Relative
Eq Lows or a Low For sell side liquidity that you can target For a
retracement.

Whenever there is a run Lower into the lunch hour oF 11:30, We

can anticipate a measure oF retracement. Identity after 10AM
Relative Eq Highs or a High tor buy side liquidity that you can
target tor a retracement.

Don’t try to be right at all times.

When Journaling, it in the charts you had a level you expected the
market to trade to, in your Journal write down the time the market
traded to your level, write down how long the market took to trade
to your level or close above it, and the time you observed these
levels.

IGT I Minute Chart

In this lecture, IGT spoke about mostly the opening range and the
opening range gaps.
The Opening range is the range between your opening price 9:30 and the
highest high
or lowest low at 10 AM.

The Opening Range gap is the gap between where yesterday’s

trading closed off and where today started trading at 9:30 AM.
IGT also made reterence to the longevity oF a Opening Range or
Opening Range Gap
IF unmitigated.
So it a Opening Rang Gap has unmitigated levels, you can bring those
levels over into
the new day and use them as levels of interest.