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ICT Mentorship Core Content - Month 1 - Impulse Price Swings & Market Protraction
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ICT Mentorship Core Content - Month 1 - Impulse Price Swings & Market Protraction

Understanding Impulse Price Swings and Market Protraction

Impulse Price Swings

  • The concept of impulse price swings is introduced, characterized by alternating movements in price: down, up, down, and so forth.
  • A sequence of impulse swings is described, illustrating the pattern of moving from high to low repeatedly.
  • Emphasis on the importance of recognizing impulse price swings for detailed market analysis; smaller swings can indicate manipulative moves or market-making activities.

Market Protraction

  • Transitioning to market protraction, which builds upon the idea of impulse price swings but incorporates time sensitivity.
  • Market protraction is defined as an impulse swing that reacts significantly to specific times during the trading day.
  • The first primary protractionary move occurs at zero GMT, where initial movements often lead to subsequent higher trades.

Time-Sensitive Movements

  • Discussion on London session dynamics post-midnight New York time; initial upward movement serves as a potential trap for traders chasing trends.
  • The second impulsive swing begins at 7 AM New York time; if prior movements were downward in London, a retracement higher is anticipated as part of manipulation tactics.

Manipulation Insights

  • Notable patterns emerge after 7 AM New York time; if prices rise after a downward trend, it signals potential manipulation aimed at drawing in unsuspecting traders.
  • Similar manipulative behavior observed post-four GMT in London sessions; false rallies are designed to entice sellers into the market.

Analyzing Market Behavior

  • Observations on liquidity-seeking behaviors following initial drops and subsequent rallies within trading sessions.
  • Example provided where markets drop initially but then rally back up—indicative of protraction seeking liquidity below previous lows before reversing direction.

Market Dynamics and Trading Phases

Understanding Market Rallies and Protractionary Phases

  • The market experiences a rally during the London session, followed by a deceptive swing lower that misleads traders into anticipating a drop before it rallies again into the New York session.
  • A retrade occurs back into equilibrium for market protraction, leading to an expansion that targets stop losses below previous lows, indicating strategic trading behavior.
  • Another impulse price swing is noted as the market moves down to its low, with subsequent movements reflecting a protractionary phase where prices rise back to previously sold-off areas.
  • The market reaches down to the 3255 level quickly due to historical lows, highlighting the importance of understanding impulse swings versus protraction phases in trading strategies.
Playlists: 2016 ICT Private Mentorship Core Content Month 01
Video description

2016 Premium ICT Mentorship Core Content Video Lectures Audio and visuals are exactly as they were distributed in September 2016. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Trading performance displayed herein is hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance trading results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person’s investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. If you purchase or sell Equities, Futures, Currencies or Options you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice in order to maintain your position. If you do not provide the required funds within the prescribed time, your position may be liquidated at a loss, and you may be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a “limit move.” The placement of contingent orders by you, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.