ICT 2022 Model - Weekly Review 8
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 ⭣
Tuesday - 21.05.2024 #NQ
- Sellside Liquidity (4H swing low) taken and also rejected 4H FVG
- Displacement higher created a FVG
- Market Structure Shift
- Price came back into a discount below the FVG
- Long entry at the 50% level for a lower risk targeting the low-hanging objective - 1.0R
- Target 2 - 1.86R
- Target 3 (High of Day) - 3.74R
- Target 4 (1H swing high) - 4.89R
- Target 5 (Previous Day High) - 5.47R
The same trade also happened on the 3min and 1min TF a few moments later - study!
3/6
- Sellside Liquidity (4H swing low) taken and also rejected 4H FVG
- Displacement higher created a FVG
- Market Structure Shift
- Price came back into a discount below the FVG
- Long entry at the 50% level for a lower risk targeting the low-hanging objective - 1.0R
- Target 2 - 1.86R
- Target 3 (High of Day) - 3.74R
- Target 4 (1H swing high) - 4.89R
- Target 5 (Previous Day High) - 5.47R
The same trade also happened on the 3min and 1min TF a few moments later - study!
3/6
Wednesday - 22.05.2024 #NQ
We only chopped around in the New York AM session and no setup presented itself.
4/6
We only chopped around in the New York AM session and no setup presented itself.
4/6
Thursday - 23.05.2024 #NQ
I was contemplating if I should post this trade or not but after seeing some posts on X with false information I had to.
The easiest way to play this model is to wait for significant swing highs/lows to be taken and then for price to form the entry model. Once you have experience with the model and understand market structure and where the Draw on Liquidity is, you will know how to play it also from imbalances and gaps.
For example on this day, we were clearly in bearish order flow, which means longs are lower probability. If you should take a long, you will therefore only shoot for low-hanging objectives.
Once we came into the NDOG, price made a MSS, created a FVG, and came back into a discount. That's where you could have taken a long targeting only the low-hanging objectives.
Target 2 gave 52.25 handles, which is more than enough on #NQ.
But as I said, I would have never taken such a play when I started with this model. This should just show you that once you have the model down, you can play it in many different ways.
5/6
I was contemplating if I should post this trade or not but after seeing some posts on X with false information I had to.
The easiest way to play this model is to wait for significant swing highs/lows to be taken and then for price to form the entry model. Once you have experience with the model and understand market structure and where the Draw on Liquidity is, you will know how to play it also from imbalances and gaps.
For example on this day, we were clearly in bearish order flow, which means longs are lower probability. If you should take a long, you will therefore only shoot for low-hanging objectives.
Once we came into the NDOG, price made a MSS, created a FVG, and came back into a discount. That's where you could have taken a long targeting only the low-hanging objectives.
Target 2 gave 52.25 handles, which is more than enough on #NQ.
But as I said, I would have never taken such a play when I started with this model. This should just show you that once you have the model down, you can play it in many different ways.
5/6
Friday - 24.05.2024 #NQ
We also had no setup on Friday.
This week did not show many setups for the model, but that's ok. It was not the easiest week with price trading at All-Time Highs.
You must understand that preserving your capital is also a win and you don't need to trade every day.
6/6
We also had no setup on Friday.
This week did not show many setups for the model, but that's ok. It was not the easiest week with price trading at All-Time Highs.
You must understand that preserving your capital is also a win and you don't need to trade every day.
6/6
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