ICT Month 7 | 2016 Flashcards
If I am entering on the monthly Premium Array what should I be targeting?
I should be targeting the Weekly Discount Array.
How should I frame a sell around the Monthly Premium PD Array?
I scout for the PD arrays on the M,W,D and 4h TF. I am searching for premium and discount PD arrays.
Premium ones are going to offer me resistance and selling.
Discount arrays should be breaking as anticipated.
I refine the PD arrays on teh 1h TF which is going to be executable Time.
What if I am selling on the monthly PD, targeting discount weekly PD AND the price has already moved away from the Premium Monthly PD?
If I missed the initial entry then I drop down to the Weekly, Daily and 4h TF PD arrays that could offer setups to go short.
What if I frame a trade around the Weekly Discount PD Array?
Then I have to go and scout on Daily, and 4h for Premium PD arrays that could offer selling.
Scout Daily PD array which I could be targeting and on 4h scout for the discount PD arrays that should be breaking.
What is One Shot One Kill Setup?
It is framing a trade around the Weekly PD array and targeting Daily PD array executing on the 1h TF.
Why should I look at Bond Markets for high probability trading?
Bond markets are going to be moving and that is going to UNLOCK movement in other asset clases. If the Bond market is in consolidaiton that is not ideal trading condition. I want to see bond market moving higher or lower (trending)
What am I anticipating on Monday Tuesday or Wednesday to occur?
The highest probability trades are going to occur on Monday Tuesday or Wednesday.
Market should rally higher and then retrace during Mon, Tue and Wed and then during the end of the week anticipate market to expand higher or lower.
During Mon, Tue, Wed I would be anticipating Impulse Price Swing (indication SM is trading) and then retracement for a set up to occur. That should occur during Mon Tue and Wed
What is Impulse Price swing telling me?
Impulse Price swing is displacement and it is telling me that there is SM inside of the market place and they are buying or selling (depends on the impulse price swing direction).
How does the general concept look for Bullish OSOK?
Market is poised to trade higher on HTF, Seasonal tendency is in lign, Bond Market is moving, COT is telling me net positions are long, SMT with the correlated markets.
Price should have an impulse price swing higher and then retrace during Mon, Tue and Wed. Retracement lower is going to set up buying opportunity to go long. The low of the retracement should form at the Key Discount PD array and fall inside of the KZ (New York or London) ideally overlaping with HIgh Impact News Driver.
Price should expand higher and Thursday NY sesion is most likely going to cap the weekly range.
IF I am trading AUD NZD or JPY then on intraday charts which time period should I focus on during Asia?
6PM to 9PM that is sweet spot for asia and it could be extended towards 10PM but do not tradea after 10PM as that is when they are on their lunch break.
How does the general concept look for Bearish OSOK?
HTF market is bearish, Seasonal tendency bearish, COT Net Positions Commercials are bearish, SMT with corrlates pairs.
Market should decline then retrace Mon, Tue, Wed to offer selling opportunity at the Premium PD array. The high of the retracement should overlap with the KZ (NY London) and with the HTF Premium Array.
Anticipate price trading lower where Thursday New York session is most likely going to cap the weekly range.
What is when Mon-Wed high or low is traded through.
When the high (or low) that is formed between Mon Tue and Wed is traded thru then Intra-week price will tend to expand aggressively towards the Monthyl or Weekly Premium array (higher)
When bullish and the intra week high formed during Mon Tue Wed is broken that is confirmation that I am in buy program and market should be reaching for the HTF Premium array.
and when Bearish focus on the intra week low formed between Monday Tuesday Wednesday as that when broken is confirmation price should trade lower.
When should the low or highs of the week generally form at?
Monday Tuesday or Wednesday that is when the weekly high or low is most likely going to form. AND the opposite end of the weekly range should form by Thursday NY Session.
Classic Tuesdy Low of the Week (simple form, profile, manipulation, how to anticipate)
Weekly Template - simple
Profile: bullish.
Manipulation: Price is going to hover above the HTF Discount Array on Monday and then it should drop into HTF Discount on Tuesday to form the low of the week.
How to anticipate: Know the HTF Discount Array. Odds are Tuesday will likely see the drive lower (tuesday NY or London session) that is going to set up the stage for buying.
Classic Tuesday Low of the Week (complex form)
Weekly Template - complex
Market should be primarly bullish. Tuesday should tap into teh Montly, Weekly or Daily Discount PD Array. Then anticipating expansion higher till Thursday NY sesion.
Targeting the PD array TF lesser than teh one I entered on.
Ideally the premium Targeted Array should be overlaping with Fib extensions of 1.27, 1.68 or Symmetrical price swing.
The Discount PD array could also be one of the graded swing points 25%, 50% or 75% of the graded price swing.
Retracement lower during Monday or Tuesday could also be trading into Fair Value or Void (ideally)
When selecting HTF Premium array to taregt the key is to select it on the TF that is lesser than the HTF Discount array.
Classic Tuesdy High of the Week (simple form, profile, manipulation, how to anticipate)
Weekly Template - simple
Profile: bearish on HTF.
Manipulation: Price hovers below HTF Premium array on Monday then rises into the HTF Premium array on Tuesday to form the high of the week.
How to anticipate: Know the HTF Premium arrays. And then Tuesday is most likely see drive higher (London or NY session) into that Premium array.
Always consider that if price trades during Tuesday London session into the Premium Array that Tuesday New York could still form that higher high and then price should reverse.
Classic Tuesday High of the Week (complex form)
HTF is bearish. Market on Monday and Tuesday makes a rally higher into the Premium PD array which could be MWD Premium. It can also be paired with graded price swing levels 25%, 50% and 75% OR the market could also run the old Monthly, Weekly or Daily Liquidity Pool.
Targeting the Discount Array on the TF lesser than the Premium Liquidity Pool. Ideally overlaping with the Fib Extensions 1.27 - 1.68 - Symmetrical Price Swing.
Retracement higher during Monday and Tuesday could also be rebalancing some sort of Fair Value Gap or Liquidity Void.
Classic Wednesday Low of the Week (simple form, profile, manipulation, how to anticipate)
Weekly Template - simple
Profile: Bullish
Manipulation: Price hovers above teh HTF Discount array Monday & Tuesday. Wednesday drops into the HTF PD array to form teh low of the week.
How to Anticipate: Know the HTF Discount Arrays and when the market fails to drop lower into that array - odds are wednesday is most likely see drive lower during London or NY Session.
Mon and Tue can also be down days to form this profile. Wed London Session low can be ran out on Wednesday New York Session and then the market could create the low of the week.
Classic Wednesday Low of the Week (complex form)
Market will create a STL on Monday. Tuesday will see price trading lower into Discount Market (MWD PD array). Wednesday should create the low of the week and then expecting expansion higher into PD array on TF lesser than entry PD array and target ideally overlaping with 1.27, 1.68 or 2 (symmetrical price swing)
On this profile I am anticipating price to reach the target on Friday.
Discount market could also be rebalancing of a FVG or trading into 25%, 50% or 75% graded price swing.
This market profile usually occurs at the EQ of the graded price swing on HTF.
Classic Wednesday High of the Week (simple form, profile, manipulation, how to anticipate)
Weekly Template - simple
Profile: Bearish
Manipulation: price hovers below HTF Premium array Monday & Tuesday then Wednesday it rises into the HTF Premium array to form High of the week.
How to Anticipate: Know the HTF Premium array and when market fails to rise into that array - odds are wednesday is most likely going to see the drive higher during London or New York session.
Mon and Tue days can be up days to form this profile. London Open high on Wed can still be ran out by Wednesday New York session and still create this market profile.
Classic Wednesday High of the Week (complex form)
Price on wednesday trading into HTF PD array taking out the STH from monday and creating teh high of the week.
This market profile is usually forming around the EQ of the HTF Price swing.
Retracement higher could also be rebalancing the SIBI or liquidity void. Or tapping into the 25% 50% or 75% of the graded price swing.
KEY here is for the target PD array it should be paired with the PD array that is on the TF lesser than our Premium Array and it is overlaping with the Fib level.
Consolidation Thursday Reversal - bullish (simple form, profile, manipulation, how to anticipate)
Weekly Template - simple
The Profile: Bullish.
Manipulation: consolidation between Monday and Wednesday. Then price runs the intra week low and rejects it forming market reversal. **KEY here is market is consolidating Monday through Wednesday it is NOT going higher or lower. **
How to Anticipate: Know the HTF Discount Arrays and WHEN the market Fails to drop into that Array odds are THursday will likely see the drive lower. Thursday on a Market Driver News or Rate release late New York Session around 14:00
Consolidation Thursday Reversal - bullish (complex)
Gennerally trading sideways from Monday till Wednesday and then on Thursday making a move down first into Discount Array and then move higher.
Anticipating Thursday to run the sell stops below the intra week low generall on some market news driver.
Targeting the Buyside Liquidity pool above the intra week highs.
This weekly tempalte is going to play out usually on the FOMC or Employment Rate release.
Consolidation Midweek rally (complex)
Monday Tuesday price expands higher, Wednesday retraces lower back into some discount PD array from Mon or Tue and then continuation lower.
**Wednesday low in discunt should fall into the KZ and be created on some High or Medium Impact News.
**
Using the retracement lower to frame the Premium array that I am going to be targeting. Targeting the Premium MWD PD array overlaping with the 1.27% 1.68% or Symmetrical price swing.
What is Swing projcetion fulcrum?
It is the highest point from where marekt started to retrace from. That is the high from where I want to pull fib down into the discount PD array (bullish OB) that is oging to give me swing projections into the premium PD Array.
Focusing on the extensions 1.27% and 1.68% and 2% and pairing those projections with PD arrays where I could take my partials or profit. Ideally PD array is going to be overlaping with some Fib projection.
Consolidation Thursday Reversal - bearish (simple form, profile, manipulation, how to anticipate)
Weekly Template - simple
The Profile: Bearish.
Manipulation: consolidation between Monday and Wednesday. Then price runs the intra week high and rejects it forming market reversal. **KEY here is market is consolidating Monday through Wednesday it is NOT going higher or lower. **
How to Anticipate: Know the HTF Discount Arrays and WHEN the market Fails to rise into that Array odds are Thursday will likely see the drive higher. Thursday on a Market Driver News or Rate release late New York Session around 14:00
This is generally FOMC, NFP and Rate adjustments.