ICT 2022 Model - Weekly Review 5
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 ⭣
Monday - 29.04.2024 #NQ
- Sellside Liquidity (1H swing low) taken and also rejected 4H 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 - 0.66R
- Target 2 (Low of 2min premium FVG) - 1.24R
*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.
Personally, this entry represented too much risk, and I placed my limit order at the high of the first FVG, which did not give me a fill.
The same trade also happened on the 3min and 1min TF - study!
2/6
- Sellside Liquidity (1H swing low) taken and also rejected 4H 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 - 0.66R
- Target 2 (Low of 2min premium FVG) - 1.24R
*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.
Personally, this entry represented too much risk, and I placed my limit order at the high of the first FVG, which did not give me a fill.
The same trade also happened on the 3min and 1min TF - study!
2/6
Tuesday - 30.04.2024 #NQ
- Buyside Liquidity (15min swing 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 - 2.21R
- Target 2 - 3.57R
- Target 3 - 6.09R
- Target 4 (4H swing low and 4H FVG at 17668.25) - 15.32R
As you can see, price took out Target 2 and reversed back to the entry FVG. If you moved your stop-loss to break-even, price would have stopped you out.
In this case, you could have left your SL because price had just formed the model on the 3min TF, which meant the trade was still valid.
The same trade also happened on the 5min, 3min, and 1min TF - study!
3/6
- Buyside Liquidity (15min swing 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 - 2.21R
- Target 2 - 3.57R
- Target 3 - 6.09R
- Target 4 (4H swing low and 4H FVG at 17668.25) - 15.32R
As you can see, price took out Target 2 and reversed back to the entry FVG. If you moved your stop-loss to break-even, price would have stopped you out.
In this case, you could have left your SL because price had just formed the model on the 3min TF, which meant the trade was still valid.
The same trade also happened on the 5min, 3min, and 1min TF - study!
3/6
Wednesday - 01.05.2024 #NQ
If we have FOMC in the PM session, we could see choppy price action in the AM session, which was the case.
Therefore, I did not trade this day, and looking back, there were also no high-probability setups.
4/6
If we have FOMC in the PM session, we could see choppy price action in the AM session, which was the case.
Therefore, I did not trade this day, and looking back, there were also no high-probability setups.
4/6
Thursday - 02.05.2024 #NQ
- Sellside Liquidity (Previous Day Low) taken
- 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 - 0.8R
- Target 2 - 2.22R
- Target 3 - 2.91R
- Target 4 (09:30 AM High) - 4.13R
- Target 5 (High of Day) - 4.57R
*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.
The same trade also happened on the 5min, 3min, and 2min TF a few moments later - study!
5/6
- Sellside Liquidity (Previous Day Low) taken
- 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 - 0.8R
- Target 2 - 2.22R
- Target 3 - 2.91R
- Target 4 (09:30 AM High) - 4.13R
- Target 5 (High of Day) - 4.57R
*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.
The same trade also happened on the 5min, 3min, and 2min TF a few moments later - study!
5/6
Friday - 03.05.2024 #NQ
- Buyside Liquidity (4H swing high) taken and also rejected Daily 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 - 1.06R
- Target 2 (50% of the 15min TF range) - 2.0R
Price action after NFP on Friday was not the best and this trade was also not easy to identify. Once we took out Buyside Liquidity we created a FVG, but did not come back to it. Then we created another leg down with a FVG, which indicates that price most likely won't come back to the first FVG. Therefore, you use this leg as your entry.
The 3min gave a better and cleaner signal but with too much risk for my liking - study!
6/6
- Buyside Liquidity (4H swing high) taken and also rejected Daily 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 - 1.06R
- Target 2 (50% of the 15min TF range) - 2.0R
Price action after NFP on Friday was not the best and this trade was also not easy to identify. Once we took out Buyside Liquidity we created a FVG, but did not come back to it. Then we created another leg down with a FVG, which indicates that price most likely won't come back to the first FVG. Therefore, you use this leg as your entry.
The 3min gave a better and cleaner signal but with too much risk for my liking - study!
6/6
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