ICT Month 9 | 2016 Flashcards

Question

How would I trade the EQ price point when HTF 4h&D are bullish?

Answer 1

**When Daily and 4h Order Flow is bullish** and I see expansion lower away from EQ price point and if I see a STL that is broken on a Expansion AWAY from EQ [meaning price trading into Discount and breaking STL inside of discount] I will see that as a run on Sell Stops AND NOT as Break in Market structure for lower prices. I see that as a sweep on stops to accumulate new longs and they are going to run for the other end of the consolidation or just outside of it for the liquidity for the buy stops [pair that up = order pairing; from SSL to BSL]

Answer 2

When ever I see price in consolidation that is clearly definable and price takes out that CONSOLIDATION high WHEN Daily and or 4h is bearish, retail traders are seeing this as bullish breakout and they are going to be wanting to buy that. That buying [from retail], if they are surging into the market place as a buyer that creates perfect opportunity as a counterparty to us [SM]. Smart Money is going to be selling that breakout when Daily or 4h TF is bearish. **So I want to see consolidations and then rally outside of that consolidation to entice retail or less informed traders to buy thinking they are buying strength WHEN that HTF [D TF or 4h] Order Flow is going to cause LTF to be subordinate to those HTFs [D TF or 4h TF]. ** LTF subordinate to HTF => LTF will follow what HTF is suggesting.

Answer 3

When the Daily or 4h is bullish AND on LTF price breaks down below the consolidation, RETAIL is going to see that as Break in Market Structure [weakness - indication of lower prices], they are going to look to sell short on weakness. Retail traders trying to sell that as a breakout entry for SHORT positions. **Smart Money will see the opposite **of that if the HTF [D TF or 4h TF] is seeing bullish Order Flow. When I see this break below old consolidation, that is accumulation of sell stops in the form of pairing up their orders to go long. LTS is subordinate to HTF.

Answer 4

* Retail traders are buying the old low based on Support theory * Smart Money traders are buying the Sell Stops below an old low. * Retail traders are selling the old high based on Resistance theory. * Smart Money traders are selling the Buy Stops above an old high.

Answer 5

Inside of the consolidation [or Range] when the HTF [D TF and or 4h TF] is bullish, what ICT likes to anticipate is Traders seeing that OLD LOW [that has shown a short term little bounce] when price trades back down to that same equal low, RETAIL is going to be buying that PUTTING their SL just below that previous STL. So when the retail traders see that they are trading that old low as classic support and resistance Theory, it does NOT work. Price breaking below old low is what I anticipate and then when price trades down BELOW the previous low outside of the consolidation…. **… that is where I am looking to be a buyer, buying up those Sell Stops WHEN again the Daily and or 4h is in Bullish Order Flow. That creates my Low Risk High Probability Entry.**

Answer 6

WHEN I am buying below old low or selling above old high I am looking for PRICE to return back to Equilibrium. I DO NOT anticipate or ALWAYS hold for the opposite end of the CONSOLIDATION. I have NO IDEA if that is going to occur [price trading for the opposite end of consolidation in this case old high]. Simply take the move back to EQ **because price when in consolidations is always going to want to gravitate back to Equilibrium [Fair Value]. **

Answer 7

Always when in consolidations anticipate price expanding away from EQ price point for the outside of the consolidation* [From internal to External] *BUT many times it will snap right back up into the middle of the range *[EQ, Fair Value].* IF the Daily or 4h is bullish, even if we are going to drop lower AFTER price tapping Equilibrium, many times this will provide another opportunity to go long [OTE long] and have a tradable rally.

Answer 8

When the Daily or 4h TF Order Flow is bearish and on LTF I see price trad back to the old high WHEN it is in consolidation [on LTF]. **Retail traders** see that old high classic support & resistance theory, selling short right** at the old high** and putting their SL just ABOVE the previous high that was inside of the consolidation…. … they [Retail] have no understanding of order flow, how markets are building up liquidity around specific price levels AND no appreciation of HOW that liquidity is SOUGHT [from seek] after in price. So when retail traders see old high tapped as their entry point I anticipate them entering, and then the build up of Buy Stops just above the previous high. **When I wait for price to break above the STH, exercise patience. **I am looking for the consolidation breakout above a previous high AND when that happens do the same thing what Smart Money does by selling above. Scooping up those Buy Stops that Retail traders are going to be placing because there is going to be a build up of Buy Side Liqudity. So when price trades up there IPDA will permit opportunity for Short Sellers at the Bank level to pair their shorts with obvious level of Buy Stops that would be resting above previous high. **KEY here: HTF Daily or 4h is BEARISH**

Answer 9

When the HTF Order Flow [Daily TF or 4h TF] is bearish and price move moves away and higher from the EQ price point and it breaks a STH. Once the STH is broken retail is going to see that as Break in Structure looking to buy go long [ABCD formation] anticipating strength in this market.

Answer 10

Smart Money, we see that as opportunity to sell the expansion, because the subordination in the LTF charts are going to FOLLOW what is going to be dictated on the D TF and or 4h TF [what is occurring on LTF is dictated by the HTF].** If it is bearish Order Flow that I am seeing on D TF and or 4h TF and I am seeing consolidation on LTF I have to identify where EQ [50%, Fair Value] is and look for STH that are just above Equilibrium AND a rally above that.** Many times I will see that as ideal entry point for SHORTs once that STH is broken that is accumulation on Buy stops. If they run the Buy Stops in Bearish DTF or 4h TF environment that is where I look to GO SHORT…. …. and I am aiming for the Previous Low that creates the consolidation support [EXTERNAL]. Paring up our buying to cover our short with those individuals that have Sell Stops resting below an old low. **So what I am doing is I am pairing ORDERS just like the SM does at the BANK level using Institutional Order Flow from Daily TF and or 4h TF.** That STH could be in many cases the Asian Session High. Or it could be Previous Days High and either one of those scenarios would create a nice opportunity to go short as a day trade.

Answer 11

When the Daily TF and or 4h is bullish, Retail traders are going to see that as a sell opportunity in their mind by having the expansion lower that breaks below an old STL. They see that as Break in Support or A break in market strucutre. Selling Short on weakness looking for continuation for the low of the consolidation or break down in that market. I anticipate price breaking the STL in Discount of the range and by them doing that I am going to FADE that whole move that breaks the whole STL. Retail sees that as an opportunity to sell short and again they are selling weakness. **That is opportunity for me to fade that and do the very opposite.**

Answer 12

Smart Money when they see that STL in discount and the Daily TF and or 4h TF is bullish WHAT they see is a run on Sell Stops. That STL [ideally in Discount] is going to be building up the Liquidity Pool for Sell Stops that would create immediate injections of selling liquidity. **Why would they want to seek selling liquidity? Because they need to buy the market LONG, their counterpart is going to be this run on that STL OR expansion away from EQ.** That STL could be in many cases the Asian Session Low. Or it could be Previous Days Low and either one of those scenarios would create a nice opportunity to go long as a day trade.

Answer 13

When Daily or 4h TF is bullish I am looking for this occasion, where price comes down, snaps up short term Sell Side Liquidity below STL that is in Discount. SM uses that SSL to be counterparties to buy long when that occurs I expect and anticipate a move outside of the consolidation [BSL - external] to pair up their orders with the Buy Stops that are resting above the old consolidation high. That STL could be in many cases the Asian Session Low. Or it could be Previous Days Low and either one of those scenarios would create a nice opportunity to go long as a day trade.

Answer 14

The Daily and or 4h Order Flow if it is bullish or bearish. Are we respecting a bullish OB are we reaching for Premium PD array that means I am going to be bullish. That means on LTF I am looking for SM accumulation and distribution patterns. HTF is going to have dominance over the LTF. Or in other words LTF will follow what HTF Is indicating. I use my PD array Matrix on DTF & 4h TFto determine what price levels is price reaching for and that is my DIRECTIONAL BIAS. Any STL that is violated below the EQ I am going to look to go long on that IF price is bullish on the Daily TF and or 4h TF. Any move below the old lows or consolidaiton, I anticipate that as a run on Sell Side Liquidity. Why they want to run the Sell Stops? Because they want to pair those up with their buying. FOCUS primary on Daily and 4h TF to give me the High probability directional plays and ALSO HOW to NOT get beat up by trading in consolidations and working on one side of the marketplace and seeking that liquidity like the banks do.

Answer 15

1. PDH 2. PDL 3. Intra week high 4. Intra week low 5. Intermediate Term High 6. Intermediate Term Low 7. New York Session 8. London Close

Answer 16

BSL above PDH, there are Banking levels, Intraday algorithms that go up to PDH and down to PDL to seek liquidity [resting above or below] By itself I should not be selling PDH and buying PDL → There have to be other things overlapping [Blend well].

Answer 17

When market trades above the highest high it had made for the week so far, raid the BSL and then reverses. THINK in terms of Weekly Templates, they will unlock the market reversals. Look for scenarios where the market has already been trading higher for period of time and we have yet to meet the Premium Array that gets traded to on Tuesday, Wednesday or Thursday AND it hits that Premium Array WHILE running out PDH → that is great reversal scenario. Traders are going to have Buy Stops above the Initial Intra Week High. *Example: it could make a high on Tue, trade higher on Wed up into HTF Premium Array, once that HTF Premium Array is traded to it is coupled with Buy Stops that would be resting above Tue high. Traders that would be looking to sell short on Tuesday [many times TUE can create FALSE HIGH] and then Wed will come higher, blow it out and create high of the week. * **Intra Week High Raided while price taps into the HTF Premium Array, Monday Tuesday or Wednesday.** -> anticipate reversal.

Answer 18

Lowest Low of the week violated on the downside [price trades below it] AND the Sell Stops are raided And the market reverses. *For Daytrading and scalping this are really HIGH ODD trades because if it DOES not reverse completely IT is at least going to give me a bounce that is tradable when paired with HTF PD Arrays [30 60 or 80 pips; depending on Market]* The weekly low that formed middle of the week [Monday, Tuesday, Wednesday or Thursday] what ever the low is if it is traded down BELOW it into HTF Discount Array, that coupled with the run below Previous Intra Week Low [to take out Sell Stops that are trying to capture a LONG] and the Market Makers will engineer liquidity [below the Intra Week Low, put people in on a wrong side of the market] for that very thing to happen [Raid] If there was Low of the week on Tuesday and then price rallies higher and then Wednesday it trades DOWN below Tue Low BUT on Wednesday it hits that HTF Discount Array [FVG on D TF, OB on W TF, anything on HTF PD Array] that is IDEAL opportunity to look for reversal intra week

Answer 19

Longer Term, It could be the high of Previous Week or the week before that one. *Can be tricky because BSL that would be resting above old highs, I have to look at the CONTEXT of the market place at the TIME. NOT SIMPLY it is trading above old high so now it is going to be resistance. NO. I have to look what is the PURPOSE, what is the STORYLINE why price would be permitted [ALLOWED, REASON basically] to trade above that ITH, Yes they are looking to take Buy Stops [Above the ITH] BUT there is a STORYLINE behind it. Is it pairing orders to go into exit of longs OR going higher to engineer Liquidity to put PEOPLE on the wrong side and then go LOWER.* Not every old high is ideal to be selling short above it, many times it will trade thru old ITH and continue higher. **CONTEXT!! What is the CONTEXT at the current time of analysis????** And weight out in which move am I? Is price going to continue trading higher thru the high OR are we due to reverse because ABOVE that ITH price taps into HTF PD Array. OR does it go above that HIGH after a LONG uptrend where logical profit taking would be met.

Answer 20

Could be previous weeks low or couple weeks ago Low, previous Month Low Do not simply buy the Sell Stops and anticipate reversal. There has to be context or Storyline behind the trade. What is the purpose of Market Makers to permit [allow] price to trade back down below that old low. Is is scoping up Sell Stops as a exit for their Short Positions that they have been in OR are they looking to KNOCK out individuals that are ALREADY LONG [knocking them out and TAKING their long positions].

Answer 21

**NY Session characteristic is that it is CONTINUATION of what was established in London** *If bullish London, making LOD then look for signs that NY is going to be Continuation higher.* BUT there are instances where London could create initial Low of the day, price would rally up and goes into New York BUT then New York REVERSES and I end up having a lower close on the DAY. **THAT occurs when Market trades into HTF Premium Array.** **NY Session reversals occur when PRICE trades into a HTF Discount or Premium Array.**

Answer 22

**If London Close trades into HTF Premium or Discount Array market could reverse ** But on Large range day [intraday], when 5 day ADR is exceeded and I get into 10AM to 11AM I can anticipate a LCKZ Reversal for the Intraday scalp, where price would want to come back inside the intraday range [Intraday Scalp] 10AM to 11AM during LCKZ if I see some weakness there could be measurable and tradable retracement back into the Daily Range → but not ideally when the range is smaller than the 5 day ADR OR if the range during London and NY was not really explosive. The better trades during LCKZ are when London and NY are really one sided and it moves a lot really quick then LCKZ could have some retracement into the Daily Range.

Answer 23

Always referring to the LAST 3 DAYS [3 day LOOKBACK], counting today as one day!!!! There is a lot of influence from Liquidity that is resting above and below those daily extremes.

Answer 24

* Time of the day when do important daily highs and lows form. * Highs or Lows formed in London. * Opposite end of the range formed in LCKZ -> usually * New York generally continuation. When HTF PD array reached during NY, I can anticipate NY session reversal.

Answer 25

When the HTF Bias (4h and D TF) suggesting higher prices. During expansion swings higher there are smaller retracements that typically create opportunities where the Previous Days Low is raided then Price Rallies Higher. *Example: During normal retracement lower - into Fair Value Gap - Price finds Buyers under the Previous Daily Low [Meaning trading below the PDL INTO the HTF PD array - FVG]* **PDL should be paired with some other HTF PD array (for example FVG) to justify buying and HTF (4h and D) should be bullish.** *I look for confluences of PD Arrays to support the idea of Buying under a PLD. DO not simply BUY under a PDL on sole basis Price moves beyond the Previous Days Low.* Understanding of HTF Institutional Order Flow is going to assist me here, because markets generally Retrace lower when in bullish expansions. When retracing lower I look for a move down below the PDL AND into DISCOUNT Array [example: FVG]

Answer 26

When the HTF Bias (4h and D TF) suggesting lower prices. During expansion swings lower there are smaller retracements (higher) that typically create opportunities where the Previous Days High is raided, price taps into HTF PD array and then Price Declines lower. *Example: During normal retracement higher - into Fair Value Gap - Price finds Sellers above the Previous Daily High [Meaning trading above the PDH INTO the HTF PD array - FVG]* **PDH should be paired with some other HTF PD array (for example FVG) to justify selling and HTF (4h and D) directional bias should be bearish.** ***I look for confluences of PD Arrays to support the idea of Selling above PDL. DO not simply SELL above PDH on sole basis Price moves beyond the Previous Days High.*** Understanding of HTF Institutional Order Flow is going to assist me here, because markets generally Retrace higher when in bearish expansions. When retracing higher I look for a move above the PDH AND into PREMIUM Array [example: FVG]

Answer 27

I should NOT be selling above the PDH purely because price is in deep premium. On the HTF I should LOOK for reasons to see price move up INTO a Short term Premium Array and then having reason to sell lower. Institutional order flow on W D and 4h should be bearish.

Answer 28

When using Intra week highs I basically anticipate a market reversal AFTER the Buy Stops are RAIDED -> selling above the old high. I look for confluences of Premium PD Arrays to SUPPORT the idea of Selling above an Intra-Week High. *DO not SIMPLY Sell above High on sole basis Price moves beyond the Previous Intra Week High.* Think also in terms of weekly templates how are they overlapping with Intra-week reversals.

Answer 29

Equal Highs = Candyland → Easy to see, retail stops just above AND any rate above it 10 or 20 pips above it will scoop up those Buy Stops and many times banks will sell right into that AND that will give me a day trade to go short. I am not just purely selling above old high or equal highs → because many times old highs or equal highs could be just targets for a Long Term price move higher but when conditions are suggesting that in neutral state [consolidating] or when looking to turn [trading into higher Premium array] which would be existing just above equal highs like here.

Answer 30

We look for confluences of PD arrays to support the idea of Buying below an Intra-Week Low. *DO NOT simply buy below a Low on sole basis Price moves beyond the Previous Intra-Week Low.* There has to be CONTEXT behind a BUY below the Equal Lows, the move that drives lower below the equal lows, that should be trading down into HTF Discount Array.

Answer 31

I have to have reference Points on HTF because that is where manipulation is going to take place on the LTF and where they are going to run SSL like this example. HTF CONTEXT is KEY. CONFLUENCE of HTF PD Array and then Raid on Liquidity on LTF.

Answer 32

The periods when the market is not trending one direction offer ideal conditions for turtle soup - for Shorting above an Old high and Buying below and Old Low - from a Previous Week or longer time. [when classifying ITH or ITL it is BEYOND yesterday and can be Short Term as Intraweek or Previous Month or Two Months ago, also 3 month Lookback] *Who would have SL above ITHs and below ITLs? The whales those large funds traders would have SL around those HTF highs and lows* ***Any ICT concept has to be blended with other things. Stop hunt blended with PD arrays and HTF Institutional Order Flow.***

Answer 33

* London Open -> NY midnight * Asia -> 0GMT or 8PM * NY Session -> 8:20 CME opening * LOKZ -> 10:00 - 12:00

Answer 34

*If there is HTF Discount Array that is below market price but has yet to be met - the day it trades down into it during London move and crosses over to New York Open - this is classic New York Session Reversal condition. Reverse for bearish.* **When I see price trade down into Discount HTF PD Array and it does it at the time when NY opens, that is when the most likely chance of a Market Reversal occurring in NY session is going to be seen. As long as NY session HAS NOT Traded into HTF Premium or Discount Array, New York session is always going to be continuation of that was seen in LONDON.** *Unless NY opens at HTF PD array premium or discount, NY is going to be continuation of the London. That changes if London trades lower crosses into NY and New York trades into HTF Discount Array [anticipate market Reversal]* **HTF PD arrays are key [D TF, 4hTF] otherwise I will not catch or will be blindsided form the reversals that could be occurring during NY session. I have to know what are HTF PD arrays.** *When anticipating NY reversal the LCKZ can be that second swipe into Liquidity Pool and then offer reversal.*

Answer 35

*London Close can be used for intraday reversals on Large Range Days, for scalps. The large range day that exceeds its 5 day ADR and retrace about 20% of its total daily range at 10AM to Noon NY Time [kind of like TGIF]* **In longer term conditions (HTF entries), the London Close can time a Market Reversal that can lead to a series of days of one sided direction.** This is best determined with the use of the Weekly Templates and study of the current Market Structure. If LCKZ trades into a HTF PD array it could offer reversal, otherwise it should simply cap the daily range and retrace 20% of its range.

Answer 36

* Accumulate Sell Side Liquidity by repricing Under an Old Low (Offset Accumulation) * Reaccumulate Fair Value in retracements lower at Discount Arrays (Re-Accumulation)

Answer 37

IPDA will reprice the market below an old low to purge Sell Stops that would be there for current Long Holders. This “engineers” Sellers at Deep Discount prices. The Open Float [existing orders below and above market price] below that Old Low may also have Sell Stops for breakout traders that wish to sell on weakness. It is primary purpose of Offset Accumulation is to “Offset” (get rid off) current long holders and/or induce (put on the wrong side) more Sellers at discount Pricing. *Offset Accumulation is basically a run on Sell Stops [the buy profile for offset accumulation]. Engineering Sell Side Liquidity, knocking out Sell Stops to take it higher.*

Answer 38

Providing banks new entry points with re-accumulation. IPDA will reprice the market lower to a Fair Value Price array to provide SM discount pricing for long entries. The market will be bullish from an Institutional Perspective and many times Re-Accumulation unfolds after a recent Sell Stop raid. **The retracement lower in price will place pain on current long holders & tends to induce selling [put more breakout sellers into the market] - thus providing Sell Side Liquidity to pair Smart Money Long entries with.** Its primary purpose it to “reaccumulate” new long entries and or induce more sellers at discount pricing. The model is seen frequently in Bullish market conditions and while HTF Institutional Order Flow is bullish. *Using Fair Value for price engine models, typically the OTE.*

Answer 39

Open, small decline lower below hte Opening Price [0GMT, NY Midnight] to create the low of the day and then expansion higher. High near the close of the day. Open near the low of the day.

Answer 40

When the market is poised to trade lower based on HTF Institutional Order Flow - in essence I anticipate open to be near or AT the high of the daily range. *There could be a small rally above the Opening Price [0GMT open and NY Midnight]*

Answer 41

so HTF [M, W, D , 4h TF] is suggesting higher prices, IPDA data ranges where is the quarterly shift most recently [higher or lower] are wer recently trading off of daily bullish OB, are bullish OB supporting price, are bearish OBs breaking way, is price coming down to fill Liquidity Void and rallying or FVG that is telling me IOF is bullish. *I just need to see what price is doing to determine IOF on HTF; are up candles being broken and down close candles finding support that is IOF. Looking at it on HTF M W D 4h and I did my PD array matrix.*

Answer 42

so HTF [M, W, D , 4h TF] is suggesting lower prices, IPDA data ranges where is the quarterly shift most recently [higher or lower] are wer recently trading off of daily bearish OB, are bearish OB supporting price, are bullish OBs breaking way, is price coming higher to fill Liquidity Void and dropping FVG that is telling me IOF is bearish. **I just need to see what price is doing to determine IOF on HTF; are down candles being broken and up close candles finding resistance that is IOF. Looking at it on HTF M W D 4h and I did my PD array matrix.**

Answer 43

* London Open posts the initial leg higher intraday then waits for NYO. Can create around 40% to 60% of the daily range before 5AM * London Lunch: 5AM to 7AM, usually some measure of retracement or consolidation. * New York Open sees a continuation higher in price to 10AM NY time. Usually starting to consolidate around 10AM, create HOD or could be complete reversal. *Price should trade into 5day ADR high.* * LCKZ creating HOD between 10:00 to 12:00 at 5 day ADR high. Price will normally [not every time] retrace lower and Close off the High of the day. *Typically that is how daily range is formed, but price could still trade further. It can rally further than LOKZ all the way into 15:00*

Answer 44

* London Open posts initial leg lower. 40% to 60% of daily range completed before 5AM. Aniticpate initial rally higher (judas swing) * London Lunch: some measure of retracement or consolidation in there. * New York Open sees a continuation lower [second leg of the daily range] till 10AM NY time. Usually starting to consolidate around 10AM, create LOD or could be complete reversal. * Once the 5 day ADR hit and price goes into LCKZ price will be posting its low and retrace higher off that high. * Between 10AM and Noon In New York time I anticipate low of the Daily Range to form and at a 5day ADR Projected low. Price will normally [not every time] retrace higher and Close off the Low of the day. *Typically that is how daily range is formed, but price could still trade further. It can decline further than LOKZ all the way into 15:00*

Answer 45

* When HTF IOF bullish anticipate London Session Low of Day formation. * Open at 0GMT or Ny Midnight can see protraction lower in price. This can be scalped from the Open or just above it - prior to 1AM NY Time. * London Judas Swing creating low of the day. * The market retraces between 5AM and 7AM NY Time and this can provide a long scalp entry - once a Discount Array is hit. * Even after the initial Judas entry point has passed - a 5min retracement can be entered long on to scalp the reminder of London Open to 5AM New York time.

Answer 46

* When HTF IOF is bearish anticipate London Session High of Day formation. * Open at 0GMT or Ny Midnight can see protraction higher in price. This can be scalped from the Open or just below it - prior to 1AM NY Time. * Anticipating classic London Judas Swing low formation. * The market retraces between 5AM and 7AM NY Time and this can provide a short scalp entry - once a Premium Array is hit. * Even after the initial Judas entry point has passed - a 5min retracement can be entered short on to scalp the reminder of London Open to 5AM New York time.

Answer 47

1. When London Open confirms Institutional Sponsorship on the Long Side and pots the Daily Low - **I anticipate to see NY Open to continue higher** - unless HTF Premium Array has been hit intraday and or ADR is reached. 2. I look for intraday swings higher to determine Disccount Range arrays to go long at in the NY KZ. Think about price expands and then retracement into OTE. Looking for Discount PDA to overlap in Discount range 3.** Using the 8:20 AM New York Time for CME Open [commodities future contract start trading] to anticipate the New York Judas Swing.** 4. Target will be 5 day ADR high and the next HTF Premium array found on 4h or 1h 5. If ADR high is reached prior to 10AM take 80% off and leave a small portion on to capture any range expansion that might fill. If price will expand more than 5 day ADR.

Answer 48

1. When London Open confirms Institutional Sponsorship on the Short Side and pots the Daily High - I anticipate to see NY Open to continue lower - unless HTF Discount Array has been hit intraday and or ADR is reached. 2. I look for intraday swings lower to determine Premium Range arrays to go short at in the NY KZ 3. Using the 8:20 AM New York Time for CME Open [commodities future contract start trading] to anticipate the New York Judas Swing to fade. 4. Target will be 5 day ADR low and the next HTF Discount array found on 4h or 1h basis 5. If ADR low is reached prior to 10AM take 80% off and leave a small portion on to capture any range expansion that might fill.

Answer 49

* 8:20AM CME opening for NY Session * NY midnight for London Open * 0GMT aka 8PM for Asia Session * 10AM for LCKZ to create the opposing end of daily range.

Answer 50

1. When the New York & London session have moved in tandem and the 5 day ADR High has been reached & it is at least 10:30AM NY Time expect a retracement off the days High. **10:30AM to 1:00PM that is what I am looking for LCKZ setup** 2. Ideally price should exceed the 5 day ADR high and then offere retracement during LCKZ 3. Look for a 5min Failure Swing at the high and the Bearish OB to enter on and it has to occur between 10:30AM and 1PM 4. Keep in mind this trade can be very difficult to see pan out some days as the range can and could expand far more than ADR high.

Answer 51

1. When the New York & London session have moved in tandem and the 5 day ADR Low has been reached & it is at least **10:30AM NY Time expect a retracement off the daily Low. 10:30AM to 1:00PM that is what I am looking for LCKZ setup** 2. Ideally price should exceed the 5 day ADR range 3. Look for a 5min Failure Swing at the low and the Bullish OB to enter on and it has to occur between 10:30AM and 1PM 4. Risking 10 pips below the LOD and targeting 20% to 30% of the total daily range in retracement higher 5. Keep in mind this trade can be very difficult to see pan out some days as the range can and could expand far more than ADR low

Answer 52

1. When market bullish - I can enter long or just under 0GMT Open price and expect expansion 15 to 20 pips higher as the Asian Range is established. 2. Asian session can traditionally be narrow and while this trade has proven profitable in the past - like London Close trades - I am looking at the lowest volatility periods of the Daily Range formation. 3. Always aim for 15 to 20 pips in this session as the range can be limited on the basis it will be the Asian Range formation 4. It is not optimal to expect a second leg in price. Avoid greed here and if fortunate to get 20 pips - be content and exit.

Answer 53

1. When market bearish - I can enter short or just above 0GMT Open price and expect expansion 15 to 20 pips lower as the Asian Range is established. 2. Asian session can traditionally be narrow and while this trade has proven profitable in the past - **like London Close trades - I am looking at the lowest volatility periods of the Daily Range formation.** 3. **Always aim for 15 to 20 pips in this session as the range can be limited on the basis it will be the Asian Range formation.** 4. Take full exits on scalps in this time of the day. 5. It is not optimal to expect a second leg in price. Avoid greed here and if fortunate to get 20 pips - be content and exit.

Answer 54

* Least: Asia and LCKZ * Most London and NY

Answer 55

* Accumulate Buy Side Liquidity by repricing Under an Old high (Offset Distribution) * Reaccumulate Fair Value in retracements higher at Premium Arrays (Redistribution)

Answer 56

IPDA will reprice the market above an old high to promote the Buy Stops [to market orders] that would be residing there for current Short Holders. This in essence “engineers” Buyers at a Deep Premium prices. The Open Float [existing orders below and above market price] above that Old High may also have Buy Stops for breakout traders that wish to buy on strength. **This model is called Offset Distribution. It is primary purpose is to “Offset” current short holders and or induce more Buyers at Premium price. **

Answer 57

*Providing banks new shorting opportunities* IPDA will reprice the market higher to a Fair Value Price array to provide SM Premium pricing for short entries. the market will be bearish from an Institutional Perspective and many times unfolds after a recent Buy Stop raid. The retracement higher in price will place pain on current short holders & tends to induce buying [put more breakout buyers into the market] - thus providing Buy Side Liquidity to pair Smart Money Short entries with. **This model is called Re-Distribution. Its primary purpose it to “redistribute” new short entries and or induce more buyers at premium pricing. **

Answer 58

1. **The ADR does NOT have to fill for the day** 1. many times will fall short of it OR wildly exceed it. 2. Blending it with CBDR, Asian Range → it will help formulate objective for the day. 3. One scalp per session [LOKZ, NYKZ, LCKZ, Asia] 2. **ADR can expect to act as one half of the actual ADR in some conditions:** 1. When a Long Term trend is underway and a intermediate term swing has begun - a large impulse swing can surge the daily range twice the ADR especially when the ADR is under 60 pips. 2. When an intermediate term swing is completing at a HTF Array and on the strength of High Impact News - capitulation. This means move has moved higher and it reached a HTF PD array and once it hits that it is going to reach for it in one day. 3. **ADR not filled at NY Open but during London Close are ideal.** 1. That gives me potential range for expansion 4. IF ADR fills at or before NY Open - ADR will likely be exceeded - especially if High Impact News is due out after equities open **[9:30AM]** The bulk of my position should be off 15 pips before the ADR high or ADR low is hit. ICT has problem with his exits because ENTRIES are always on POINT but exits are his weak point.

Answer 59

**- The HTF PD array will draw price and intraday the LTF PD array will provide the timing and price levels to enter on.** I I spend my time studying whatever the HTF is moving higher or lower and wait for small range days to form - the market will reward your patience and supply me with daily ranges that expand and form clear intraday swings perfect for scalping *When market contract there is going to be a large range day soon. Mon, Tue, Wed are ideal days for scalping and inside London and NY Open [high volatile] → for small positions scalping.*

Answer 60

What economic drivers are coming out and during which killzone. **Look for high impact and medium impact news for th day. What are times of those releases in confluence to ICT Killzones [London & NY]** London high or low is going to usually form under MANIPULATION. Manipulation is going to paired with some economic news release or some volatility injection.

Answer 61

1. Economic calendar - high or medium impact news events 2. DXY - IPDA (20-40-60) from the day prior (if trading monday then lookback from friday) 3. PD Arrays DXY [D TF] 4. What is IOF on DXY? 5. EURUSD IPDA lookback 6. PD Arrays EURUSD [D TF & 4h TF] *Look for reasons WHY price might want to go down or up. **Price is only going to move because of imbalance or liquidity.** Going higher to rebalance or going higher for liquidity. And vice versa.* **Look for confluences of PD Arrays to overlap or nested and WHY should price trade higher or lower.**

Answer 62

If every PD array has been exhausted in the last 20 days then look back into the last 40 trading days.

Answer 63

1. Determine Economic calendar Impact for today 2. Narrow focus To Killzone News Releases High or Medium 3. Determine Daily Institutional Order Flow of DXY 4. Locate the DXY PD Arrays in IPDA Data Ranges 5. Consider if DXY is moving from Premium or Discount 6. Using the news due out - Focus on that pair intraday 7. Determine the Daily Institutional Order Flow of Pair 8. Locate the Pairs Daily PD Arrays in IPDA Data Ranges. 9. Confirm the Pair is moving from an opposing PD Array 10. Locate the Pairs 4h PD Arrays 11. Locate the Pairs 1h PD Arrays 12. Note the 0GMT Opening Price & Consider Daily Range 13. At Midnight New York - Calculate the STDV levels [CBDR, Asian Range, Flout] 14. Note the Midnight New York Opening Price 15. Look for 15min/5min PD Arrays to Overlap with STDV 16. Consider Intraday Scenarios that would unfold 17. ADR High & Low can assist in coverging STDV Levels

Answer 64

If there is confluence of STD, ADR and PD array on m15 or 1h or 4h basis then I can anticipate [high probability] of price that it will want to expand higher or lower to those levels. *Primary ICT is focusing on the NY midnight for opening price. Then if bullish he wants to se move lower [judas swing lower] to some measure of STD of the Asian Range the Flout or the CBDR TO a discount PD array that he could see on 15min that is overlapping with D TF, 4hTF or 1h PD array.*