ICT 2024 Mentorship – Lecture 2 Notes
In the second lecture notes of the ICT 2024 Mentorship program, we will explore the
details of post-7:00 AM price delivery, with a particular focus on the liquidity hunt of
relative equal highs and lows.
This session emphasizes the importance of recognizing and utilizing the inverse fair
value gap and breaker block, all through the strategic application of the Fibonacci tool.
By understanding these core concepts, traders can better anticipate market moves and
refine their trading strategies in the dynamic morning market conditions.
Key Elements
(I) SIBI : is the down closed Fair Value Gap
(II) BISI : is the up closed Fair Value Gap
(III) IFVG : is the Inversion Fair Value Gap..
(IV) Breaker Block : is a failed order block.
(V) Relative Equal High : is when a high has a lower swing high on right side of it
formed due to price swing failure.
(VI) Relative Equal Low : is when a swing low has a higher swing low on right side of it
formed due to price swing failure.
(VII) Fractal : is the repetitive nature of price behavior on every timeframe.
(VIII) Specific : Very first fair value gap prior to the stop hunt will be the most sensitive
inverse fair value gap.
(IX) Consequent Encroachment: is the 50% retracement level (middle) of an ICT PD
Array.
(X) Fibonacci Inputs : use 0, 0.5, 1, -2 and -2.5.
Key Times of The Day
(I) 07:00 AM (New-York local time)
(II) 08:00 AM (New-York local time)
(III) 09:00 AM (New-York local time)
Key Timeframes for ICT 2024 Mentorship
(I) 15 Minutes.
(II) 05 Minutes.
(III) 01 Minute.
(IV) 15 Seconds.
Application in The Market
Start at 07:00 AM (New-York local time) do not look anything prior if you are brand new.
If you have experience you can look for prior data (london price delivery).
Anything you wan to see prior 07:00 AM is london high and low for the draw on
liquidity.
Do not predict the price just wait for it to happen.
07:00 AM (AM-Session) always first and foremost characteristics is retracing back into
London-Session range.
At 07:00 AM you should be at your computer and you have to look for relative equal
highs or relative equal lows formation on 05 minutes or 01 minute timeframe.
After the formation of relative equal highs/lows wait for price to grab these relative
equal high/low.
(I) Bearish Scenario
If price forms and grabs the relative equal highs then wait for price to return back to
range and close below the swing low (Market Structure Shift).
After grabbing the liquidity of relative equal highs if price returns back and closes below
the swing low, mark the very first fair value gap formed prior to the stop-hunt as IFVG
and also mark the bearish breaker block formed after the break of swing low.
When price retraces back you have to execute a sell trade at consequent encroachment
of the Inverse fair value gap (IFVG) marked, if IFVG is not present then you can execute
the sell trade at bearish breaker block.
Your stop-loss in this scenario will be above the swing high formed post 07:00 AM
liquidity hunt.
For take profit you can target the next draw on liquidity or you can use fibonacci tool by
drawing it from the high formed post 07:00 AM liquidity hunt, to the lowest low at 07:00
AM (opening price of 07:00 AM).
So you can set your take profit at -2 or -2.5 fibonacci retracement levels.
(II) Bullish Scenario
If price forms and grabs the relative equal lows then wait for price to return back to
range and close above the swing high (Market Structure Shift).
After grabbing the liquidity of relative equal lows if price returns back and closes above
the swing high, mark the very first fair value gap formed prior to the stop-hunt as IFVG
and also mark the bullish breaker block formed after the break of swing high.
When price retraces back you have to execute a buy trade at consequent encroachment
of the Inverse fair value gap (IFVG) marked, if IFVG is not present then you can execute
the buy trade at bullish breaker block.
Your stop-loss in this scenario will be below the swing low formed post 07:00 AM
liquidity hunt.
For take profit you can target the next draw on liquidity or you can use fibonacci tool by
drawing it from the low formed post 07:00 AM liquidity hunt, to the highest high at
07:00 AM (opening price of 07:00 AM).
So you can set your take profit at -2 or -2.5 fibonacci retracement levels.
NOTE: After 07:00 AM, 08:00 AM and 09:00 AM in first 30 minutes (Pre-Session range)
expect something opposite (opposite price movement to the relative trend or relative
equal highs/lows).
