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The Long and Winding Road of Trading Journey

  • #381
  • Edited 10:30am Feb 20, 2022 10:02am | Edited 10:30am
This is golden to me. I have watched the video more than 3 times to make this summary.

2022 ICT Mentorship Episode 10
Implementing Economic Calendar Events with the Open
(US Stock Indices NY 8.30am news event)

1) The Daily Bias (using D1 chart)
Look at the reference point of being in premium market (above 50%) or discount market (below 50%) of D1 high low swing.
With the view of rebalancing FVG and the bias of taking out D1 high low swing stop.

In a bearish downswing, any up closed candles should be viewed as potential shorting candidate looking to rebalance FVG before going back down to take out daily lows towards D1 swing low.

to be continued ............
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ITB - Seeing Orderliness amongst 'Randomness'
  • #382
  • Feb 20, 2022 11:33am Feb 20, 2022 11:33am
2) The NY Midnight D1 Opening Range Candle

The Power of 3 (Accumulation, Manipulation, Distribution) specifically deals with a D1 candle Open, High, Low.
This is the Market right here.
When in bullish upswing there will more up closed candles, when in bearish downswing there will be more down closed candles.
So a day or two of losses will be expected during the high low swing.

On a day that is bearish, the open and anything that is above it (Judas swing) is accumulation, manipulation for shorts (ideal entry), but not limited to that.

The Opening Range is from the open to the high, take that range and subtract to project it from the opening price.
This allow how much leeway to give to the market when it starts to go below the opening price and still take a favourable entry (close proximity entry).
That's where the FVG, stop range, OTE going to reside in the opening range.
Then it goes lower creating the low of the day.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #383
  • Feb 20, 2022 11:59am Feb 20, 2022 11:59am
i do not know whether those outside of ICT live mentorship already knew about the stuff in episode 10.
this is the first time i learned of it. he is rather precise in using trading terms and if one is not paying attention, will miss the whole point.
so watch the videos at least twice or even more than that.

many traders find his teachings long winded and difficult to understand.
if one does not have the patience and persistence (the basic foundation of a trader) to learn then how can one be considered a trader?

then there are those putting the cart before the horse, watch a bit and think that they already know what's he is going to teach or can't be bothered.
they want the meat to be given straightaway, but he is just not giving it.
one needs to have layered understanding along the whole period of mentorship.
and if do not have the patience to go through the contents properly, will be frustrated in the end.
ITB - Seeing Orderliness amongst 'Randomness'
  • #384
  • Edited 5:10pm Feb 20, 2022 2:09pm | Edited 5:10pm
I would argue that the reason the new mentorship and market maker series is so poplular.....is because he is actually giving away all the meat and keeping it pretty simple.

Where as the older stuff is a bit more long winded and is what most people refer to when they talk about it being a bit harder to sink in.

But really its all the same stuff, but he has condensed and simplified all.

But yeah, its pure gold and will get alot more people involved in his teachings that would have otherwise dismissed it before ......like myself
  • #385
  • Edited 10:23pm Feb 20, 2022 10:12pm | Edited 10:23pm
to recap my journey so far in this thread.

i started off with the quasimodo pattern. the pattern is still very much intact with additional arsernals from ICT.

the qm pattern works along with:

the failure swing and market structure break
the daily bias using d1 swing
the premium and discount market
the market is drawn to stops (liquidity) and rebalancing imbalance
the time of day (very important)
the opening range
the power of 3
the m15 failure swing, market structure break and lower time frame displacement, market structure shit
the order block with fair value gap
the high low swing stop target or low hanging fruit target fib 50-62 with fair value gap
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ITB - Seeing Orderliness amongst 'Randomness'
  • #386
  • Feb 21, 2022 12:44am Feb 21, 2022 12:44am
Biden and Putin agree in principle to Ukraine summit- French presidency
https://www.reuters.com/world/europe...cy-2022-02-21/

approaching d1 fvg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #387
  • Edited 3:21am Feb 21, 2022 2:55am | Edited 3:21am
euro session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #388
  • Feb 21, 2022 3:46am Feb 21, 2022 3:46am
mpl ob to d1 fvg?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #389
  • Feb 21, 2022 3:57am Feb 21, 2022 3:57am
euro session.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #390
  • Feb 21, 2022 7:34am Feb 21, 2022 7:34am
Quoting Inthebox
mpl ob to d1 fvg? {image}
difficult counter trend to d1 swing.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #391
  • Feb 21, 2022 8:13am Feb 21, 2022 8:13am
where else but swing low.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #392
  • Feb 21, 2022 12:04pm Feb 21, 2022 12:04pm
I realize this is your thread, and I do not want to over-step, but I had to share my new found enthusiasm for ICT.

This was done in demo.

Step 1:

* The midnight Open (GTH Open) is above price so for me, I am only looking to go short.
* At 8:30 I looked for and marked off the significant Swing High and Swing Low.

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Step 2:

* If you are looking for lower prices, you will generally see a short term High taken out first.
* Price forms a Structure Low
* The Structure low gets taken out, breaking Market Structure, and a Fair Value Gap (FVG) is formed in the process. This is where we want to enter when price comes back to "rebalance this area".
* Price comes back into the FVG and we enter our short.
1. I'm still a VSA guy, so I wanted to see the wide spread up bar close and have the next candle close lower. It did. I entered short.

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Step 3:

* Targets should be placed where the Market is drawn to. Accordingly, I placed my Target at the low identified at the beginning of the day.

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #393
  • Edited 2:21am Feb 22, 2022 2:06am | Edited 2:21am
Quoting HiddenGap
I realize this is your thread, and I do not want to over-step, but I had to share my new found enthusiasm for ICT.
thanks for sharing. i am excited too.
what we get each time is small pieces of digestible meat knowing that we can't swallow the big chunk all at once or else we get confused and suffocate ourselves.
his whole mentorship will last about 6 months. so in each video we are getting layer by layer of understanding of his teachings.

i also like to share some video i previously saw that there are 2 patterns to watch out for.
sometimes we do not see a high gets taken out.
in certain scenarios we do not get to see market structure shit with fvg.
then we can try to get an entry from the retracement to the breaker or break of structure.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #394
  • Feb 22, 2022 2:32am Feb 22, 2022 2:32am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #395
  • Feb 22, 2022 2:41am Feb 22, 2022 2:41am
Quoting Inthebox
where else but swing low. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #396
  • Feb 22, 2022 2:51am Feb 22, 2022 2:51am
Quoting Inthebox
{quote}i am excited too. what we get each time is small pieces of digestible meat knowing that we can't swallow the big chunk all at once or else we get confused and suffocate ourselves
........sounds like a good party!
  • #397
  • Feb 22, 2022 5:26am Feb 22, 2022 5:26am
even though price hit a d1 swing low, the upward reaction still unexpected for me.
same reaction for gold.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #398
  • Feb 22, 2022 6:59am Feb 22, 2022 6:59am
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Hi, I watched the Asian Range Low, price testing the Asian low in the Pre-Equity Hour of the London Equity Open. London open gave just one push lower into a M1 FVG and then reversed. Similar setup occurred on 15-Feb.
  • #399
  • Feb 22, 2022 8:10am Feb 22, 2022 8:10am
Quoting shane1
{image} Hi, I watched the Asian Range Low, price testing the Asian low in the Pre-Equity Hour of the London Equity Open. London open gave just one push lower into a M1 FVG and then reversed. Similar setup occurred on 15-Feb.
you are daring.
i guess it was worth it because market had taken the previous month low liquidity.
now consolidate around this week open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #400
  • Feb 22, 2022 5:10pm Feb 22, 2022 5:10pm
Quoting HiddenGap
I realize this is your thread, and I do not want to over-step, but I had to share my new found enthusiasm for ICT. This was done in demo. Step 1: * The midnight Open (GTH Open) is above price so for me, I am only looking to go short. * At 8:30 I looked for and marked off the significant Swing High and Swing Low. {image} Step 2: * If you are looking for lower prices, you will generally see a short term High taken out first. * Price forms a Structure Low * The Structure low gets taken out, breaking Market Structure, and a Fair Value Gap (FVG) is formed...
Nice one mate.

If im not mistaken, thats the very same setup ICT took in his new video released today.

I missed that one, but managed to catch the nas short that he showed.
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