ICT 2022 Model - Weekly Review 7
In this thread, I will walk you through this week's price action of #NQ and show you on which days the model presented itself.
A tip from myself is to open your charts and watch for the setups yourself - study!
⭣ THREAD ⭣
In this thread, I will walk you through this week's price action of #NQ and show you on which days the model presented itself.
A tip from myself is to open your charts and watch for the setups yourself - study!
⭣ THREAD ⭣
Monday - 13.05.2024 #NQ
We had a no-news Monday and only chopped around. So, no setup presented itself.
2/6
We had a no-news Monday and only chopped around. So, no setup presented itself.
2/6
Tuesday - 14.05.2024 #NQ
- Buyside Liquidity (High of Day) taken and also rejected 15min FVG
- Displacement lower created a FVG
- Market Structure Shift
- Price came back into a premium to the FVG
- Short entry at the low of the FVG targeting the low-hanging objective - 1.8R
- Target 2 (09:30 AM opening lows) - 2.34R
I took this trade and experienced a loss on Tuesday. I thought that price would take out 09:30 AM opening lows before moving higher. But that's trading and just another data point.
The same trade also happened on the 3min and 1min TF - study!
3/6
- Buyside Liquidity (High of Day) taken and also rejected 15min FVG
- Displacement lower created a FVG
- Market Structure Shift
- Price came back into a premium to the FVG
- Short entry at the low of the FVG targeting the low-hanging objective - 1.8R
- Target 2 (09:30 AM opening lows) - 2.34R
I took this trade and experienced a loss on Tuesday. I thought that price would take out 09:30 AM opening lows before moving higher. But that's trading and just another data point.
The same trade also happened on the 3min and 1min TF - study!
3/6
Wednesday - 15.05.2024 #NQ
- Price came back into a discount (15min range) and a 15min FVG (created at 08:30 AM news)
- Displacement higher created two FVGs
- Market Structure Shift
- Price did NOT* come back into a discount to the first FVG
- Long entry at the high of the second FVG targeting the low-hanging objective - 1.4R
- Target 2 - 1.72R
- Target 3 - 2.4R
- Target 4 (Daily swing high) - 3.28R
- Target 5 (Daily swing high) - 5.2R
- Target 6 (Daily swing high) - 5.5R
*To get an entry, it's best to enter at the last FVG because price often will not come back into a discount like in this example. It's important to note that your stop-loss must be placed that allows price to come back into the first FVG.
In my opinion, this trade is more of an 'advanced' play. When you start with this model, try to only focus on Liquidity levels, and later on, you will start to identify plays off of imbalances too; like in this example.
If you are not able to catch a trade on such a big expansion day, do not get frustrated and do not chase price. You can and will not catch every move the market makes.
4/6
- Price came back into a discount (15min range) and a 15min FVG (created at 08:30 AM news)
- Displacement higher created two FVGs
- Market Structure Shift
- Price did NOT* come back into a discount to the first FVG
- Long entry at the high of the second FVG targeting the low-hanging objective - 1.4R
- Target 2 - 1.72R
- Target 3 - 2.4R
- Target 4 (Daily swing high) - 3.28R
- Target 5 (Daily swing high) - 5.2R
- Target 6 (Daily swing high) - 5.5R
*To get an entry, it's best to enter at the last FVG because price often will not come back into a discount like in this example. It's important to note that your stop-loss must be placed that allows price to come back into the first FVG.
In my opinion, this trade is more of an 'advanced' play. When you start with this model, try to only focus on Liquidity levels, and later on, you will start to identify plays off of imbalances too; like in this example.
If you are not able to catch a trade on such a big expansion day, do not get frustrated and do not chase price. You can and will not catch every move the market makes.
4/6
Thursday - 16.05.2024 #NQ
- Buyside Liquidity (High of Day) taken
- Displacement lower created three FVGs
- Market Structure Shift
- Price came back into a premium to the first FVG
- Short entry at the low of the first FVG targeting the low-hanging objective - 4.1R
- Target 2 - 6.07R
- Target 3 (Low of Day) - 11.24R
Shorting at All-Time Highs is often not the highest probability, but when your model presents itself you must trust it. Especially with such a low-risk play like in this example.
The same trade also happened on the 3min and 2min TF - study!
5/6
- Buyside Liquidity (High of Day) taken
- Displacement lower created three FVGs
- Market Structure Shift
- Price came back into a premium to the first FVG
- Short entry at the low of the first FVG targeting the low-hanging objective - 4.1R
- Target 2 - 6.07R
- Target 3 (Low of Day) - 11.24R
Shorting at All-Time Highs is often not the highest probability, but when your model presents itself you must trust it. Especially with such a low-risk play like in this example.
The same trade also happened on the 3min and 2min TF - study!
5/6
Friday - 17.05.2024 #NQ
- Price came back into a discount (15min range) and a 15min FVG
- Displacement higher created two FVGs
- Market Structure Shift
- Price came back into a discount to the first FVG
- Long entry at the high of the first FVG targeting the low-hanging objective - 1.22R
- Target 2 - 2.13R
In my opinion, this trade is more of an 'advanced' play. When you start with this model, try to only focus on Liquidity levels, and later on, you will start to identify plays off of imbalances too; like in this example.
I anticipated price to take out Low of Day but once it rejected the 15min discount FVG and the model showed, I had to follow my strategy and execute.
The same trade also happened on the 2min TF - study!
6/6
- Price came back into a discount (15min range) and a 15min FVG
- Displacement higher created two FVGs
- Market Structure Shift
- Price came back into a discount to the first FVG
- Long entry at the high of the first FVG targeting the low-hanging objective - 1.22R
- Target 2 - 2.13R
In my opinion, this trade is more of an 'advanced' play. When you start with this model, try to only focus on Liquidity levels, and later on, you will start to identify plays off of imbalances too; like in this example.
I anticipated price to take out Low of Day but once it rejected the 15min discount FVG and the model showed, I had to follow my strategy and execute.
The same trade also happened on the 2min TF - study!
6/6
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