Siver Bullet Flashcards
Minimum handles/ pips
handles: 10
pips: 20
Set up 1: Previous day high or low draw on Liquidity
If bullish, look for price to expand into yesterday’s high. Price will expand into buy stops above that.
If bearish, look for price to expand into yesterday’s low. Expect sell stops below previous day’s low. Look for setups that expand into that liquidity
Set up 2: What do I do on the 1 hour time frame.?
Look for:
a) liquidity levels going in the direction of my bias
BSL for sell
SSL for buy
b) FVGS
Set up 3: what’s the first thing I do on 15m time frame?
Look for:
a) liquidity levels going in the direction of my bias preferably before 8:30 on the charts
BSL for sell SSL for buy
b) FVGS
Set up 4: on the 15m time frame, what am I looking for once I’ve set up my liquidity levels?
And what do I do after that?
I am looking for price to take out my level
New high for a sell New low for a buy
Go on to 5 minute chart
Set up 5: Expansion away from current or old NWOG
STUDY OUT NWOG WHEN I HAVE TIME
Set up 6: Classic ICT Optimal Trade Entry
FVG has taken the throne as far as classical ICT OTE
Set up 7: Confluence of 2022 mentorship model
Draw on Liquidity could be an inefficiency above marketplace when bullish. Or you would look for inefficiency above current price which would many times be in the form of a SIBI or sellside imbalance or variant of FVG above current price action.
Or below marketplace when bearish. Which means that if we are bearish we could be aiming for a discount by center balance outside of efficiency or some measure of Fair Value Gap that would be below current price action.
Time 1
London 3 am to 4 am
Time 2
10 to 11 am New York am
Time 3
12 noon to 1:00 p.m. lunch
Time 4
2 to 3 pm PM Session
What is a draw on liquidity?
A level in the market where price is likely to go next
a level that attracts price movement.
To be profitable, traders don’t need the actual draw on liquidity to be hit or traded to
they just need to frame their bias on where the price is likely to gravitate and look for logical levels to take profits at
NWOG
NWOG stands for New Week Opening Gap, a concept introduced by ICT (Inner Circle Trader) in February 2023. It refers to the difference between the opening price on Sunday and the closing price on the previous week’s Friday. To calculate the NWOG, you can use a lower time frame chart, such as a one or five-minute chart. The midpoint between the opening and closing prices is called consequent encroachment, which can act as support and resistance throughout the week
