ICT 2022 Model - Weekly Review 11
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 - 11.06.2024 #NQ
1st Trade
- Buyside Liquidity (15min Relative Equal Highs) taken and also rejected 1H 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 - 1.21R
- Target 2 - 1.98R
- Target 3 (Low of Day) - 3.38R
The trade happened right after the 09:30 AM opening, and I recommend every beginner to wait the first few minutes before taking a trade, which I also prefer.
Also, if you take a counter-trend trade like in this example, you should take your profits faster and not shoot for home runs.
3/8
1st Trade
- Buyside Liquidity (15min Relative Equal Highs) taken and also rejected 1H 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 - 1.21R
- Target 2 - 1.98R
- Target 3 (Low of Day) - 3.38R
The trade happened right after the 09:30 AM opening, and I recommend every beginner to wait the first few minutes before taking a trade, which I also prefer.
Also, if you take a counter-trend trade like in this example, you should take your profits faster and not shoot for home runs.
3/8
Tuesday - 11.06.2024 #NQ
2nd Trade
- Sellside Liquidity (Low of Day) taken and also rejected 1H FVG
- 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 - 1.55R
- Target 2 - 2.46R
- Target 3 - 2.8R
- Target 4 (High of Day) - 4.07R
- Target 5 (Previous Day High) - 4.87R
*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.
If you look closely, the model presented itself also a few minutes earlier. An entry in that case would have resulted in a loss. That's why I also like to watch the 2min and 3min TF, which gives you further confirmation.
4/8
2nd Trade
- Sellside Liquidity (Low of Day) taken and also rejected 1H FVG
- 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 - 1.55R
- Target 2 - 2.46R
- Target 3 - 2.8R
- Target 4 (High of Day) - 4.07R
- Target 5 (Previous Day High) - 4.87R
*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.
If you look closely, the model presented itself also a few minutes earlier. An entry in that case would have resulted in a loss. That's why I also like to watch the 2min and 3min TF, which gives you further confirmation.
4/8
Tuesday - 11.06.2024 #NQ
3rd Trade
- Buyside Liquidity (High of Day and Previous Day High) taken
- 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 - 1.7R
- Target 2 - 2.68R
- Target 3 (50% of the 15min range) - 3.52R
The same trade also happened on the 1min TF - study!
5/8
3rd Trade
- Buyside Liquidity (High of Day and Previous Day High) taken
- 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 - 1.7R
- Target 2 - 2.68R
- Target 3 (50% of the 15min range) - 3.52R
The same trade also happened on the 1min TF - study!
5/8
Wednesday - 12.06.2024 #NQ
- Sellside Liquidity (5min Low) taken and also rejected 15min FVG
- Displacement higher created two FVGs
- Market Structure Shift
- Price did NOT* come back into a discount
- Long entry at the high of the first FVG targeting the low-hanging objective - 0.54R
- Target 2 (High of Day) - 1.1R
*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.
Also, the trade happened right after the 09:30 AM opening, and I recommend every beginner to wait the first few minutes before taking a trade, which I also prefer.
The same trade also happened on the 3min and 2min TF - study!
6/8
- Sellside Liquidity (5min Low) taken and also rejected 15min FVG
- Displacement higher created two FVGs
- Market Structure Shift
- Price did NOT* come back into a discount
- Long entry at the high of the first FVG targeting the low-hanging objective - 0.54R
- Target 2 (High of Day) - 1.1R
*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.
Also, the trade happened right after the 09:30 AM opening, and I recommend every beginner to wait the first few minutes before taking a trade, which I also prefer.
The same trade also happened on the 3min and 2min TF - study!
6/8
Thursday - 13.06.2024 #NQ
- Sellside Liquidity (Low of Day) taken and also rejected 15min FVG
- Displacement higher created three 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 - 1.38R
- Target 2 (50% of the 15min range) - 1.98R
After Wednesday's big moves, chances were high that we would see choppy price action, so I was not trading on this day. Still, price presented this nice setup.
The same trade also happened on the 3min and 2min TF - study!
7/8
- Sellside Liquidity (Low of Day) taken and also rejected 15min FVG
- Displacement higher created three 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 - 1.38R
- Target 2 (50% of the 15min range) - 1.98R
After Wednesday's big moves, chances were high that we would see choppy price action, so I was not trading on this day. Still, price presented this nice setup.
The same trade also happened on the 3min and 2min TF - study!
7/8
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