Futures & Prop firms

Intro to futures, how they differ from forex

as well as a prop firm introduction

CONTENTS
Intro to futures

forex vs futures

Prop firms
6

A futures contract is a legal agreement to buy or sell a

particular asset, or security at a predetermined price at a
specified time in the future
Nasdaq (NQ) | S&P500 (ES
Lean Hog Future
Gold Future
Orange Juice Future
etc.

Hours : 6pm ET Sunday to 5pm Friday

TTrades
There are various platforms to trade futures
Schwa
E*Trad
Ninjatrade
Tradovat
Am
TradeStation

TTrades
Margins vary from platform to platform

Margins also differ for Day and Initial

Margins differ by instrument

TD Ameritrade / Schwab

Maintenance margin 1 ES Contract : $12,000

Pattern day trading does not apply

Tax Treatment

1
Leverage
Minis vs Micro
No theta decay / greeks

TTrades
Example
NQ (Mini) vs MNQ (Micro
$20/point vs $2/point

Point- is the smallest unit price can move left of the decimal

Tick- is the smallest unit price can move right of the decimal

4500.25
4501.25 TTrades 4500.50
ES / N
point=handl
4 ticks = 1 point / handle

Each asset is different in tick size and value

Symbol Name Tick Size Tick Value Point Value
ES E-Mini S&P 500 0.25 $12.50 $50
MES Micro E-Mini S&P 500 0.25 $1.25 $5
NQ E-Mini Nasdaq 0.25 $5 $20
MNQ Micro E-Mini S&P 500 0.25 $0.50 $2

2
Example:

NQ moves $1 -> 1 NQ contract = +/- $20

MNQ move $1 -> 1 MNQ contract = +/- $2

ES moves $1 -> 1 ES contract = +/- $50

MES moves $1 -> 1 MES contract = +/- $5

Example:

NQ moves $5 -> 2 NQ contracts = +/- $200

TTrades
$5 movement x $20/point x 2 contracts = +/- $200

Position Sizing Video:

Contracts:
March June September December
Quarterly contracts (ES / NQ)

H M U Z

ESM2024 - E-Mini S&P500 June Contract

Switch based off Open Interest / Volume on barchart.com

Continuous Contracts : NQ1! & ES1!

TradingView Settings TTrades

B-adj (adjust for contract rollover
SET (Toggle daily settlement price)

3
Data Feed:

Real time market data is required to view without delay

TTrades
Order Types:

Buy limit: Order to buy at a specified price

Sell limit: Order to sell at a specified price

TTrades
Buy stop: Order to buy at market price

Sell stop: Order to sell at market price

Buy market: Buy at best available price (ask)

Sell market: Sell at best available price (bid)

Special Orders:

OCO - one-cancels-the-other

To partial:

Must be done in 1 contract increments

4
Forex -> Futures:

Euro -> 6E (continuous contract) 6E1!

British Pound -> 6B

Japanese Yen -> 6J

TTrades
Australian Dollar
Canadian Dollar
-> 6A

-> 6C

New Zealand Dollar -> 6N

Swiss Franc -> 6S

spx500 -> E-Mini S&P500 (ES)

nas100 -> E-Mini NASDAQ (NQ)

XAUUSD -> Gold Futures (GC)

USOIL -> Crude Oil Futures (CL)

Lots -> contracts

Pips -> points / handles / ticks

No broker manipulation

TTrades
Bid / Ask Spread

4501.25
Bid Ask
4501.50
Liquid assets - virtually no slippage

5
Prop Firms
Offer leverag
Not risking own money
Risk is total $ into evaluation / activation fe
TTrades
Have to pass evaluation / more rules

Platforms:

Ninjatrader / Tradovate / Tradingview / etc.

Process:

evaluation -> funded -> payout

Evaluation: Purchase evaluation account, follow rules, pass /

fail the accoun
if passed : pay activation fee to get the account “Funded
if fail : repeat evaluation stage

Funded: Follow account rules - reach minimum balance to

payout profit
failing this stage, return to evaluation stage

Reach Payout
Payout profits
Pass Funded

Evaluation
TTrades
Fail
Fail

Maximum # of Accounts:

Each firm has a different number of maximum accounts

allowed

Copy trading funded accounts

6
 Drawdown Types

Static

TTrades
Day 1 Day 2

Trailing - EOD

TTrades
Day 1 Day 2

Trailing - Unrealized

TTrades

Day 1 Day 2

7
 Daily Loss Limit | Maximum Loss Limit

Daily Loss Limit

TTrades
Day 1 Day 2 Day 3

Daily Loss Limit

TTrades

Day 1 Day 2 Day 3

8
 $50k Evaluation Breakdown

Normal Sale Discount Applied - Not 100% Accurate - Check Current Pricing

Assuming Lifetime Activation Fee Is Chosen - Passed In Less Than One Month

50k Starter - EOD Code: TTrades Total Cost

Evaluation:
Profit Target: $3000
$95 (Month)

TTrades
Drawdown: $2000 Activation:
$149 5% Off
Max Position: 5 Contracts Total:

Daily Loss Limit: None $244

50k Expert - EOD Code: TTrades Total Cost

Evaluation:
Profit Target: $4000 $156.75 (Month)

TTrades
Drawdown: $2000 Activation:
$0
Max Position: 5 Contracts Total:
5% Off

Daily Loss Limit: None $156.75

50k Full - Trailing Code: TTRADES Total Cost

Evaluation:
Profit Target: $3000 $37.40 (Month)

TTrades
Drawdown: $2500 Activation:
$140
Max Position: 10 Minis / 100 Micros Total:
80% Off

Daily Loss Limit: None $177.40

50k Combine - EOD Total Cost

Evaluation:
Profit Target: $3000 $49 (Month)

TTrades
Drawdown: $2000 Activation:
$149
Max Position: 5 Contracts Total:
~70% Off

Daily Loss Limit: $1000 $198

9
economic calendar
introduction to filtering and using the economic calendar
TTrades
Contents

What Is the economic calendar 1

Filtering 2
Example 5
NFP protocol 8

TTrades
Economic calendar

Used to identify news events that could cause significant volatility in the market.

Different assets will have different news events (filter).

A general rule for myself is that trading prior to the first high impact news event of the week is unfavorable.

Monday’s lack high impact news - generally accumulation or Judas swing within the weekly profile.

TTrades 1
Filtering
https://www.forexfactory.com
Filter news events

TTrades 2
Filtering
https://www.forexfactory.com

TTrades 3
Filtering

High Impact: Medium Impact: Low Impact:

Non-farm Payroll (NFP Producer Price Index (PPI All other
Consumer Price Index (CPI Core PCE Price Index
FOMC Press Conference FOMC Meeting Minutes

Action Plan
Avoid day prio Avoid session prio No restrictions
Avoid releas Avoid releas
Watch after Watch after

TTrades 4
Example

Mon -> Avoid

08:30 am Core CPI m/m
Tue CPI m/m Avoid prior to 8:30
CPI y/y ->
01:01 pm 10-y Bond Auction
Wed 01:01 pm 30-y Bond Auction -> No restrictions
08:30 am Core PPI m/m
Core Retail Sales m/m
Thu PPI m/m -> Avoid prior to 8:30
Retail Sales m/m
Unemployment Claims

Fri 08:30 am Empire State Manufacturing Index No restrictions

10:00 am PRelim UoM Consumer Sentiment ->

TTrades 5
NFP Protocol
First Friday of each month, significant news event.

09:45 am Final Manufacturing PMI

Mon -> Not interested
10:00 am ISM Manufacturing PMI

Tue 10:00 am JOLTS Job Openings -> Somewhat interested

08:15 am ADP Non-Farm Employment Change

Wed -> Somewhat interested
10:00 am ISM Services PMI

Thu 08:30 am Unemployment Claims -> Not interested

Average Hourly Earnings m/m

Fri 08:30 am Non Farm Emplyment Change` -> Highly interested after News Release

Unemployment Rate

TTrades 6
POSITION SIZING
Position Sizing

Win Rate & Risk : Reward

Position Sizing Options

Fixed Contract

Fixed $ / %
 Win Rate & RR

Win Rate
20% 30% 40% 50% 60%

Not Not Not

1:1 Breakeven Profitable
Profitable Profitable Profitable

Not Not
Risk : Reward Ratio

1:2 Profitable Profitable Profitable

Profitable Profitable

Not
1:3 Profitable Profitable Profitable Profitable
Profitable

1:4 Breakeven Profitable Profitable Profitable Profitable

1:5 Profitable Profitable Profitable Profitable Profitable

Assuming Same $ Risk Per Trade

1
Position Sizing Options

Options For Position Sizing

Fixed Contracts Fixed Dollar Fixed Percentage

2
 Fixed Contract

2 NQ Contracts Used In Each Scenario

2 NQ Contracts
10 Points Risk
2 NQ Contracts
Risk = $400
20 Points Risk
Risk = $800

2 NQ Contracts
40 Points Risk
Risk = $1600

3
 Fixed Contract

2 NQ Contracts Used In Each Scenario

2 NQ Contracts
10 Points Risk
2 NQ Contracts
Risk = $400
20 Points Risk
Risk = $800

2 NQ Contracts
40 Points Risk
Risk = $1600

-$800 (-1R)
-$1600 (-1R)
+$1600 (+4R)
------------------------
-$800 (+2R)???
4
 Fixed $/%

Adjust Contracts Per Scenario To

Maintain Fixed Risk Of $1000

5 NQ Contracts
10 Points Risk
2.5 Contracts
Risk = $1000
20 Points Risk
Risk = $1000 1000/20/10 = 5

1000/20/20 = 2.5 50 Micros

1.25 NQ Contracts
25 Micros 40 Points Risk
Risk = $1000
1000/20/40 = 1.25

12.5 Micros

$ of defined risk / $ per point / stop size

5
 Fixed $/%

Adjust Contracts Per Scenario To

Maintain Fixed Risk Of $1000

5 NQ Contracts
10 Points Risk
2.5 Contracts
Risk = $1000
20 Points Risk
Risk = $1000 1000/20/10 = 5

1000/20/20 = 2.5 50 Micros

1.25 NQ Contracts
25 Micros 40 Points Risk
Risk = $1000
1000/20/40 = 1.25
-$1000 (-1R)
12.5 Micros
-$1000 (-1R)
+$4000 (+4R)
------------------------
+$2000 (+2R) $ of defined risk / $ per point / stop size
6
ICT KILLZONES
ICT Killzones

Killzones

Silver Bullet Windows

 Eastern Standard Time (EST)
Killzones

Forex Killzones: Asia: 20:00 – 00:00

London: 02:00 – 05:00
New York AM: 07:00 – 10:00
London Close: 10:00 – 12:00

20:00 – 00:00 02:00 – 05:00 07:00 – 10:00 10:00 – 12:00

Indices Killzones: Asia: 20:00 – 00:00

London: 02:00 – 05:00
New York AM: 08:30 – 11:00
New York PM: 13:30 – 16:00

20:00 – 00:00 02:00 – 05:00 08:30 – 11:00 13:30 – 16:00

1
 Eastern Standard Time (EST)
Silver Bullet Windows

Silver Bullet: London SB: 03:00 – 04:00

New York AM SB: 10:00 – 11:00
New York PM SB: 14:00 – 15:00

20:00 – 00:00 02:00 – 05:00 08:30 – 11:00 13:30 – 16:00

03:00–04:00 10:00–11:00 14:00–15:00

2
FAIR VALUE GAPS
Fair Value Gaps

Fair Value Gaps

SIBI & BISI

VI & Opening Gap

Entries

Stop Losses

Inversion
 Fair Value Gaps

Fair value gaps (FVG) are a three-candlestick

pattern where the high/low of the candle(1)
does not overlap the low/high of candle(3).

The low of candle(1)

does not overlap with
the high of candle(3).

1
 SIBI & BISI

SIBI: Sellside imbalance buyside inefficiency

This is a bearish FVG.

Price offered sellside and made an

imbalance. This leaves buyside inefficient.
1
Candle(1) low does not overlap with
Candle(3) high.

3 3

BISI: Buyside imbalance sellside inefficiency

This is a bullish FVG. 1

Price offered buyside and made an

imbalance. This leaves sellside inefficient.

Candle(1) high does not overlap with

Candle(3) low.

2
 VI & Opening Gap

Fair Value Gap Volume Imbalance Opening Gap

3
 Entries

IOFED Consequent Encroachment FVG Fill

Entry

Entry
0.5

Entry

4
 Stop Losses

FVG End Order Block Swing

Stop

Stop

Stop

5
 Inversion

A SIBI used as support on the

buyside of the curve.

A BISI used as resistance on the

sellside of the curve.
6
INVERSION
Inversion

Fair Value Gaps

Inversion

Consequent Encroachment

13

Old SIBI / BISI

Fair Value Gaps

1
Inversion

2
Inversion

3
Inversion

4
Inversion

5
Inversion

6
Consequent Encroachment

0.5

7
Consequent Encroachment

0.5

8
Consequent Encroachment

0.5

9
Consequent Encroachment

0.5

10
Consequent Encroachment

0.5

11
Consequent Encroachment

0.5

12
Old SIBI / BISI

13
Old SIBI / BISI

14
 LIQUIDITY:
BUYSIDE & SELLSIDE
Liquidity

Swing Highs & Lows

Buyside & Sellside

Types Of Liquidity

Previous Day & Week

Session Highs & Lows

 Swing Highs & Lows

A Swing High is formed when there is a high

with a lower high to the left and right.

A Swing Low is formed when there is a low

with a higher low to the left and right.

1
 Buyside & Sellside

A Swing High at the top of the

range will have stop losses from
short positions (buy stops). This
is called buyside liquidity.

Buyside Liquidity

A Swing Low at the bottom of Sellside Liquidity

the range will have stop losses

from long positions (sell stops).
This is called sellside liquidity.

2
 Types Of Liquidity

Old High Buyside Liquidity

Old Highs & Lows are previous

highs and lows.

Old Low Sellside Liquidity

Relatively Equal Highs Buyside Liquidity

Equal Highs & Lows are when

price reaches the same price
level multiple times. Appearing
to be support and resistance.

Relatively Equal Lows Sellside Liquidity

3
 Previous Day & Week

Previous Weeks High

Previous Week High & Low are

liquidity levels that can be used as
a draw on liquidity or frame a
M T
W
reversal or continuation.

Daily Timeframe

TH

Previous Weeks Low

Previous Day High

Previous Day High & Low are

liquidity levels that can be used as
a draw on liquidity or frame a
reversal or continuation.

4 Hour Timeframe

Previous Day Low

4
 Session Highs & Lows

Session Highs & Lows are

liquidity levels that can be used as
a draw on liquidity or frame a London Session High
reversal or continuation

Asian Session High

London Session Low

Asian Session Low

5
IMPORTANT LIQUIDITY
LEVELS
Important Liquidity

Candles

Monthly

Weekly

Daily

Killzones

Sessions
Candles

Consolidation

One Side

Both Sides

1
Monthly

Previous Month High

Weekly Timeframe

Previous Month Low

Previous Month High

Weekly Timeframe

Previous Month Low

2
Weekly

Previous Weeks High

Daily Timeframe

Previous Weeks Low

Previous Weeks High

Daily Timeframe

Previous Weeks Low

3
Daily

Previous Day High

4 Hour Timeframe

Previous Day Low

Previous Day High

4 Hour Timeframe

Previous Day Low

4
 Eastern Standard Time (EST)
Killzones

Indices Killzones: Asia: 20:00 – 00:00

London: 02:00 – 05:00
New York AM: 08:30 – 11:00
New York PM: 13:30 – 16:00

20:00 – 00:00 02:00 – 05:00 08:30 – 11:00 13:30 – 16:00

5
 Eastern Standard Time (EST)
Sessions

London Session High

Asian Session High

London Session Low

Asian Session Low

6
 Eastern Standard Time (EST)
Sessions

London Session High

Asian Session High

Asian Session Low

London Session Low

7
INTERNAL & EXTERNAL
RANGE LIQUIDITY
IRL & ERL

Internal Liquidity

External Liquidity

Relationship
Internal Range Liquidity

1
External Range Liquidity

Buyside Liquidity

External Range Liquidity

Sellside Liquidity

2
 Relationship

Internal Range Liquidity

External Range Liquidity

3
 Relationship

Internal Range Liquidity

External Range Liquidity

4
 Relationship

Internal Range Liquidity

External Range Liquidity

5
 Relationship

Internal Range Liquidity

External Range Liquidity

External Range Liquidity

6
 Relationship

Internal Range Liquidity

External Range Liquidity

External Range Liquidity

7
 Relationship

Internal Range Liquidity

External Range Liquidity

External Range Liquidity

8
DISCOUNT & PREMIUM
Discount & Premium

Range High & Low

Discount & Premium

Why?

Premium PD Array

Discount PD Array
 Range High & Low

Discount and premium is based off the

range high to the range low.

An easy way to view a range is to look for

where sell side and buyside liquidity is
resting.

Liquidity PDF

Buyside Liquidity

Sellside Liquidity

1
Discount & Premium
A Gann Box or Fibonacci can be used from
the high to the low, marking out the middle
of the range, or 0.5.

The top 50% or above the 0.5 is considered

a premium.

The bottom 50% or below the 0.5 is

considered a discount.

0.5

2
 Why?

Short positions in premium give better

reward to risk than a short at equilibrium
(0.5) or a short in discount.
Short Entry: Premium Equilibrium Discount

RR>1
RR=1
RR<1

0.5

Long positions in discount give better

reward to risk than a long at equilibrium
(0.5) or a long in premium.
Long Entry: Discount Equilibrium Premium

0.5

RR<1
RR=1
RR>1

3
Premium PD Array
Premium arrays, or PD arrays in a premium
are used to frame a short setup.

OB

0.5

4
Discount PD Array
Discount arrays, or PD arrays in a discount
are used to frame a long setup.

0.5

FVG

5
LRLR vs HRLR
understanding lrlr & hrlr, how they are different and how
they can be used TTrades
Contents

Failure swings 1
LRLR 2
HRLR 5
Buyside & Sellside of the curve 9

TTrades
Failure swings

Failure swings

Failure swings

Bearish Example Bullish Example

TTrades 1
LRLR

Bearish Example Bullish Example

TTrades 2
LRLR

Bearish Example Bullish Example

TTrades 3
LRLR

Bearish Example Bullish Example

TTrades 4
HRLR

Bearish Example Bullish Example

TTrades 5
HRLR

Bearish Example Bullish Example

TTrades 6
HRLR

Bearish Example Bullish Example

TTrades 7
HRLR

Bearish Example Bullish Example

TTrades 8
Buyside & Sellside of the curve

TTrades 9
Buyside & Sellside of the curve

MSS

TTrades 10
Buyside & Sellside of the curve

MSS

TTrades 11
Buyside & Sellside of the curve

MSS

TTrades 12
Buyside & Sellside of the curve

MSS

TTrades 13
Buyside & Sellside of the curve

MSS

TTrades 14
OPTIMAL TRADE
ENTRY
 OTE

Fibonacci Settings

Anchor Points

Optimal Trade Entry (OTE)

Alignment With PD Arrays

Extra
Fibonacci Settings
The Fibonacci Settings:

0
0.5
0.62
1
0.705
0.79
1
.79

.705

.62

.5

0 0

.5

.62

.705

.79

1
Anchor Points

Anchored from swing high to

swing low. Liquidity PDF

.79

.705

.62

.5

2
Optimal Trade Entry (OTE)

.79

.705

.62

.5

3
Alignment With PD Arrays

.79

.705

.62

.5

4
Extra

.79

.705

.62

.5

5
Extra

.79

.705

.62

.5

6
Extra

.79
.705
.62

.5

7
MARKET STRUCTURE
SHIFT
Market Structure Shift

Displacement

Market Structure Shift

Higher Time Frame Level

Displacement

Displacement is an aggressive move with

full-bodied candles.

This can form in a single candle or in

multiple candles.

Generally, displacement candle(s) have FVG

present.

1
 Market Structure Shift

When displacement occurs over or below a

swing high or low, a market structure shift
happens.

Having bodies close over/below previous structure is preferred.

A stop raid before the MSS is preferred.

A market structure shift (MSS) indicates a

change in trend from bullish to bearish or
bearish to bullish.

Market Structure Shift

2
Higher Time Frame Level
It is important that a higher time frame level
is engaged prior to the lower time frame
market structure shift.

Higher Time Frame Level

3
MSS VS LIQUIDITY GRAB
MSS vs Liquidity Grab

Displacement

Market Structure Shift

Liquidity Grab

Example
Displacement

Displacement is an aggressive move with

full-bodied candles.

This can form in a single candle or in

multiple candles.

Generally, displacement candle(s) have FVG

present.

1
 Market Structure Shift

When displacement occurs over or below a

swing high or low, a market structure shift
occurs.

Having bodies close over/below previous structure is preferred.

A stop raid before the MSS is preferred.

A market structure shift (MSS) indicates a

change in trend from bullish to bearish or
bearish to bullish.

MSS PDF

Market Structure Shift

2
 Liquidity Grab

When there is lack of displacement over or

below a swing high or low, a liquidity grab
occurs.

Having bodies fail to close over/below previous structure is preferred.

A liquidity grab indicates a failure to

continue in one direction.

Failure to displace over previous high

Failure to displace below previous low

3
 Example

Failure To Displace

Displacement

4
ORDERBLOCKS
Orderblocks

Orderblocks

Mean Threshold

Stop Losses
Orderblocks

Important Level

OB

OB

Important Level

1
Orderblocks

OB

OB

2
Orderblocks

OB

FVG

3
Orderblocks

OB

4
Mean Threshold

0.5

1
Important Level

5
Stop Losses

OB Swing Low

6
PROPULSION
BLOCKS
Propulsion Blocks

Order Blocks

Propulsion Blocks

Mean Threshold
Orderblocks

Important Level

OB

OB

Important Level

1
Propulsion Block

OB

Important Level

2
Propulsion Block

OB

Important Level

3
Propulsion Block

PB

OB

Important Level

4
Propulsion Block

PB

OB

Important Level

5
Mean Threshold

PB

0.5

OB

6
BREAKER BLOCKS
Breaker Blocks

Fair Value Gaps

Breaker Blocks

Unicorn
Bullish Breaker Block

1
Bullish Breaker Block

Low

2
Bullish Breaker Block

High

Low

3
Bullish Breaker Block

High

Low

Lower Low

4
Bullish Breaker Block

Higher High

High

Low

Lower Low

5
Bullish Breaker Block

Higher High

High

Low

Lower Low

6
Bullish Breaker Block

Higher High

High

Low

Lower Low

7
Bearish Breaker Block

High

8
Bearish Breaker Block

High

Low

9
Bearish Breaker Block

Higher High

High

Low

10
Bearish Breaker Block

Higher High

High

Low

Lower Low

11
Bearish Breaker Block

Higher High

High

Low

Lower Low

12
Bearish Breaker Block

Higher High

High

Low

Lower Low

13
 Fair Value Gaps

Bearish Bullish
Fair Value Gap Fair Value Gap

14
Unicorn Model

15
Stop Losses

16
OB vs BB

16
MITIGATION BLOCKS
Mitigation Blocks

Mitigation Blocks
Mitigation Blocks

1
Mitigation Blocks

2
Mitigation Blocks

HTF Level

3
Mitigation Blocks

HTF Level

4
Mitigation Blocks

HTF Level

5
Mitigation Blocks

HTF Level

6
Mitigation Blocks

HTF Level

7
Mitigation Blocks

HTF Level

8
Mitigation Blocks

HTF Level

9
Mitigation Blocks

HTF Level

10
Mitigation Blocks

HTF Level

11
Mitigation Blocks

HTF Level

12
CHANGE IN STATE
OF DELIVERY
(CISD)
 CISD

CISD
 CISD

Important Level

CISD

CISD

Important Level

1
 CISD

Important Level

CISD

CISD

Important Level

1
MSS vs CISD
MSS vs CISD

Market Structure Shift

Change In State Of Delivery

Comparison

Inversion
Market Structure Shift

Market Structure Shift

1
 CISD

Important Level

CISD

CISD

Important Level

2
Comparison

Important Level

CISD

Market Structure Shift

Market Structure Shift

CISD

Important Level

3
Inversion

4
ICT POWER
OF THREE
(AMD)
 PO3

OHLC / OLHC

AMD

Power Of Three

Entries
OHLC / OLHC

1
AMD

Distribution

Accumulation

Manipulation

Manipulation

Accumulation

Distribution

2
Power Of Three

3
Entries

4
STANDARD DEVIATION
PROJECTIONS
Std. Projections

Settings

Anchoring

Retracement or Reversal

Max Expansion

Pairing with PD Arrays

Settings

1
Anchoring

-4

-2.5

-2

-1

2
Anchoring

3
Anchoring

4
Anchoring

-1

-2

-2.5

-4

5
Retracement or Reversal

-1

-2

-2.5

-4

6
Max Expansion

-1

-2

-2.5

-4

7
PD Array Pairing

-1

-2

-2.5

-4

8
 PO3 (AMD) &
STANDARD DEVIATIONS
PO3 + STD.

AMD

Standard Deviation Projection

Combination
AMD

Distribution

Accumulation

Manipulation

1
AMD

2
AMD

3
AMD

4
AMD

5
Standard Deviation Projection

-4

-2.5

-2

-1

6
Combination

-4

-2.5

-2

-1

7
DAILY BIAS
Daily Bias

Previous Day High & Low

Previous Week High & Low

Swing Points

Failure To Displace

Next Day Model

Credit to The MMXM Trader for his teachings

 Previous Day High & Low are liquidity levels that can be used
Previous Day High & Low as a draw on liquidity or frame a reversal or continuation.

Is price more likely to reach for previous day high or previous day low?

Previous Day High

Previous Day High

Previous Day Low

Previous Day Low

Reversals can be framed off PDH and PDL when there is a failure to displace.
Previous Day High
Previous Day High

Previous Day Low

Previous Day Low

Reversal Framed
Off PDH

Anticipate PDL
As Draw
PDH

Anticipate PDH
As Draw

Anticipate PDH
As Draw

Reversal Framed
Off PDL
Daily Timeframe
1
 Example of Previous Day Low being used as a draw on
Previous Day High & Low liquidity and being used to frame a reversal. H4 chart is
shown.

Previous Day High

4 Hour Timeframe

Previous Day Low

Previous Day High

4 Hour Timeframe

Previous Day Low

2
 Previous Week High & Low are liquidity levels that can be used as
Previous Week High & Low a draw on liquidity or frame a reversal or continuation.

Previous Weeks High

M T
W

TH

Previous Weeks Low

Previous Weeks High

M T
W

TH

Previous Weeks Low

Daily Timeframe
3
 Swing Points

Swing points in the market can be used

as a draw on liquidity or be used to
frame a reversal.

Anticipate As Draw On Liquidity

Reversal Framed Off Swing Point

Daily Timeframe
4
 Failure To Displace Failure to displace over old highs & lows can
be used to frame a reversal.

Reversal Framed Off Swing Point

Reversal Framed Off Swing Point

Daily Timeframe
5
 Next Day Model When price respects a PD array or fails to
displace over a swing high or low, the next
candle can be anticipated.

Daily Timeframe
6
INTRADAY BIAS
Intraday Bias

Previous Candle High (PCH) & Low (PCL)

Swing Points

Failure To Displace

Next Candle Model

Credit to The MMXM Trader for his teachings

 Previous Candle High & Low are liquidity levels that can be
Previous Candle High & Low used as a draw on liquidity or frame a reversal or
continuation.

Is price more likely to reach for previous candle high or low?

PCH
PCH

PCL
PCL

Reversals can be framed off PCH and PCL when there is a failure to displace.
PCH
PCH

PCL
PCL

Reversal Framed
Off PCH

Anticipate PCL
As Draw
PCH

Anticipate PCH
As Draw

Anticipate PCH
As Draw

Reversal Framed
Off PCL
H4 / H1 / M30 / M15
Timeframe 1
 Example of Previous Candle Low being used as a draw on
Previous Candle High & Low liquidity and being used to frame a reversal.

Previous Candle High

Lower Time Frame

Previous Candle Low

Previous Candle High

Lower Time Frame

Previous Candle Low

H4 / H1 / M30 / M15
Timeframe 2
 Swing Points

Swing points in the market can be used

as a draw on liquidity or be used to
frame a reversal.

Anticipate As Draw On Liquidity

Reversal Framed Off Swing Point

H4 / H1 / M30 / M15
Timeframe 3
 Failure To Displace Failure to displace over old highs & lows can
be used to frame a reversal.

Reversal Framed Off Swing Point

Reversal Framed Off Swing Point

H4 / H1 / M30 / M15
Timeframe 4
 Next Candle Model When price respects a PD array or fails to
displace over a swing high or low, the next
candle can be anticipated.

H4 / H1 / M30 / M15
Timeframe 5
SMART MONEY
TECHNIQUES
(SMT)
 SMT

Correlated Pairs – Bullish

Correlated Pairs – Bullish SMT

Correlated Pairs – Bearish

Correlated Pairs – Bearish SMT

Inversely Correlated Pairs

Inversely Correlated Pairs SMT

Correlated Pairs - Bullish

Higher Low
Low Higher Low
Low

1
Correlated Pairs – Bullish SMT

Low Higher Low

Lower Low Low

2
Correlated Pairs – Bullish SMT

3
Correlated Pairs - Bearish

High
Lower High
High
Lower High

4
Correlated Pairs – Bearish SMT

Higher High
High
Lower High
High

5
Correlated Pairs – Bearish SMT

6
Inversely Correlated Pairs

Higher High

High

Low
Lower Low

High
Lower High

Higher low
Low

7
Inversely Correlated Pairs SMT

Higher High

High

Higher Low

Low

High
Lower High

Low
Lower Low

8
Inversely Correlated Pairs SMT

9
BASIC MARKET
STRUCTURE
Basic Market Structure

Bullish Trend

Bearish Trend

Change In Trend

Understanding HTF
Bullish Trend

1
Bullish Trend

HH

HH

HH
High

HL

HL

HL

Low

2
Bearish Trend

3
Bearish Trend

High

LH

LH
LH
Low

LL

LL

LL

4
Change In Trend

HH

HH
LH HH

HL

LH

LL HL

LL

LL

5
Change In Trend

HH

HH
LH HH

HL

LH

LL HL

LL

LL

6
Change In Trend

HH

HH

HH LH

HL

LH

HL LL
LL

LL

7
Change In Trend

HH

HH

HH LH

HL

LH

HL LL
LL

LL

8
Understanding HTF

9
Understanding HTF

10
Understanding HTF

11
ADVANCED MARKET
STRUCTURE
Advanced Market Structure

Short Term High & Low

Intermediate Term High & Low

11

Long Term High & Low

14

Put It Together
STH / STL

STH

STL

1
ITH / ITL

STL

2
ITH / ITL

STL

STL

3
ITH / ITL

STL

STL

STL

4
ITH / ITL

STL STL

STL

STL

5
ITH / ITL

STL STL

STL

ITL

6
ITH / ITL

STL

STL STL

STL

ITL

7
ITH / ITL

ITH

STH

STH STH

STH

8
ITH / ITL

ITL

9
ITH / ITL

ITH

10
 Long Term H / L

HTF Level

LTL

11
 Long Term H / L

STL

STL
ITL

STL
HTF Level

LTL

12
 Long Term H / L

LTH

HTF Level

13
 Put It Together

LTH

HTF Level

STH

ITH
STH

STH

14
broadening formations
What is a broadening formation & how can

it be paired with ict concepts

CONTENTS
What is a Broadening Formation

How to spot it

How to draw (Option 1)

How to draw (option 2)

10

HTF Picture

17

How to anticipate - Daily profile 18

 TTrades

TTrades

1
TTrades
TTrades

2
TTrades
TTrades

3
 TTrades
TTrades

4
 TTrades

TTrades

5
TTrades

TTrades

6
TTrades

TTrades

7
 TTrades
TTrades

8
TTrades

TTrades

9
TTrades
TTrades

10
TTrades

TTrades

11
TTrades
TTrades

12
 TTrades
TTrades

13
TTrades
TTrades

14
 TTrades
TTrades

15
 TTrades
TTrades

16
 TTrades

TTrades

17
 TTrades
TTrades

18
UNICORN MODEL
Unicorn Model

Fair Value Gaps

Breaker Blocks

Unicorn
 Fair Value Gaps

Bearish Bullish
Fair Value Gap Fair Value Gap

1
 Breaker Blocks

Bearish
Breaker Block

Bullish
Breaker Block

2
 Breaker Block

Bearish
Breaker Block

Bullish
Breaker Block

3
 Unicorn

Bearish
Breaker Block
+ FVG

Bullish
Breaker Block
+ FVG

4
SILVER BULLET
AM SESSION
Silver Bullet – AM

Time

Framework
 Time

AM Session
Silver Bullet Window
(EST)

9:30 10:00 11:00

1
 Intraday bias video uses the previous candles high
Framework and low to frame a reversal. The previous hourly
candle (9:00am) will be used in this framework.

9:00am Hourly High 9:00am Hourly High

9:00am Hourly Low 9:00am Hourly Low

2
 Framework

AM Session
Silver Bullet Window
(EST)

10:00 11:00

9:00am Hourly High

NASDAQ
1 Minute Chart

9:00am Hourly Low

3
ICT SON’S MODEL
ICT Son’s Model

Draw On Liquidity

Stop Raid

Entry
Draw On Liquidity
H1 or M15 Chart

1
Stop Raid
M5 Chart

Draw On Liquidity

Stop Raid

2
 Entry
30s Chart

M5 Stop Raid

3
ICT SON’S MODEL
ICT Son’s Model

Draw On Liquidity

Stop Raid

Entry

Draw On Liquidity

Stop Raid

Entry
Draw On Liquidity
H4 or H1 Chart

1
Stop Raid
M15 Chart

Draw On Liquidity

Stop Raid

2
 Entry
1m Chart

M15 Stop Raid

3
Draw On Liquidity
D1 or H4 Chart

4
Stop Raid
H1 Chart

Draw On Liquidity

Stop Raid

5
 Entry
m5 Chart

H1 Stop Raid

6
MMXM twitter model
introduction and explanation of the mmxm trader’s twitter model
TTrades
Contents

The model 1
Walkthrough 2
Fractal nature 8

TTrades
The model

TTrades 1
Walkthrough

TTrades 2
Walkthrough

PDH

D H1

TTrades 3
Walkthrough

PDH

PDH

[0:00]

D M15

TTrades 4
Walkthrough

T
SM

PDH

PDH

MSS

[0:00]

D H1 M15

TTrades 5
Walkthrough

T
SM

PDH

PDH

MSS

[0:00]

D H1 M15

TTrades 6
Walkthrough

T
SM

PDH

PDH

MSS

[0:00]

D H1 M15

TTrades 7
Fractal nature

T
M
S

PWH

PWH

MSS

W H4 H1

TTrades 8
ERL & IRL model
Model using the foundational understanding

of internal and external liquidity

CONTENTS
internal liquidity

external liquidity

relationship

the model
8

TTrades

TTrades

1
TTrades

TTrades

2
TTrades

TTrades

3
TTrades

TTrades

4
TTrades

TTrades

5
TTrades

TTrades

6
TTrades

TTrades

7
 HTF Level

HTF
TTrades
ERL -> IRL IRL -> ERL

killzone

Stop raid

market structure
LTF
shift

TTrades
fair value gap

2r
8
TTrades

TTrades

9
TTrades
TTrades

10
RELATIVE STRENGTH
AND WEAKNESS
S&P VS NASDAQ
Relative Strength/Weakness

What is Relative Strength & Weakness

Using SMT

Using ES/NQ Chart

Reversals
 Relative Strength or Weakness is when comparing correlated
Relative Strength/Weakness assets, assessing which one is more bullish (strength) or
bearish (weakness).

Strength Weakness

ES or NQ Chart
1
 SMT can be used to show a divergence between correlated
Using SMT assets. This can be used to show relative strength and
weakness.

Relative
Strength

Relative
Weakness

ES or NQ Chart
2
 Relative Strength or Weakness can be determined
Using ES/NQ Chart comparing ES to NQ by charting ES1! / NQ1! on Tradingview.

ES/NQ : ES : NQ :

ES/NQ : ES : NQ :

ES/NQ : ES/NQ :
ES : ES :
NQ : NQ :

ES/NQ Chart
3
 My Theory is reversals on ES1!/NQ1! can be used to show
Reversals the change in correlation and used to anticipate a reversal
on ES or NQ and/or determine relative strength.

ES/NQ : ES/NQ :
ES : ES :
NQ : NQ :

ES/NQ Chart
4