VIDEO
HIGHLIGHT
Log InSign up
ICT Mentorship Core Content - Month 09 - The Sentiment Effect
SummaryTranscriptChat

ICT Mentorship Core Content - Month 09 - The Sentiment Effect

Introduction

This lesson is about the ICT Amplified day trading and scalping, specifically dealing with the sentiment effect. The use of Asian range and opening price are key for day trades.

Buying or Selling Probability

  • Use Asian Range High when looking to sell short.
  • Use Asian Range Low when looking to go long on bullish days.
  • Market will have a short-term shift in sentiment.
  • Wait for opposing market directions for high odds setups.

Institutional Order Flow

  • Bearish order flow suggests selling above the Asian Range High.
  • Bullish order flow suggests buying below the Asian range low.
  • Opening price is either Z or GMT's opening price early in the day if it's been a consolidation very close to that same area.

Institutional Order Flow Continued

When institutional order flow is bearish, the market typically goes above the Asian Range High and sucks in street money who buys above that on a breakout. Conversely, when institutional order flow is bullish, moves that go below the Asian range many times trip street money into selling short.

Buy Conditions for Long Entries

  • IPTU suggestion based on daily or minimum four-hour discount array must be in play.
  • Sufficient range between market price and opposing premium array found on daily and/or minimum four-hour chart.
  • Price declines under midnight candle opening price in New York and ideally under the Asian range low will be to a logical discount array on a 15-minute timeframe.

Understanding Market Sentiment and Price Action

In this section, the speaker discusses how to use market sentiment and price action to make profitable trades.

Using Williams Percent R for Sentiment Analysis

  • The speaker uses a 10 period Williams percent r to plot sentiment on a 15-minute timeframe.
  • They emphasize that they don't look at overbought or oversold conditions but instead focus on price primarily.
  • When there is a sentiment confluence, it gives higher odds of being on the right side of the marketplace.

Analyzing Price Movement

  • The speaker explains why prices went up during the week and how they predicted it would happen.
  • They discuss how cell conditions are proper setups for short entries.
  • The speaker emphasizes that short-term sentiment will be most bullish when entering short trades.

Criteria for Day Trades

  • There should be sufficient range in pips between market price and opposing discount array found on daily or minimum four-hour chart.
  • Ideally, price rallies above opening price in Midnight New York handle and Asian Range High before sharply trading lower away from 15-minute premium array.
  • Day trading is not an everyday trading strategy; traders should only enter when specific criteria are met.

Example: Dollar Swiss Pair

  • The speaker uses the dollar Swiss pair as an example of how their teachings work in practice.
  • They explain how they traded up to a rejection block on Thursday Friday before filling in the discount array seen on the daily chart.

Overall, this section provides insights into using market sentiment and price action to make profitable trades. The speaker emphasizes the importance of analyzing price movement and using specific criteria for day trades. They also provide an example of how their teachings work in practice using the dollar Swiss pair.

The Dangers of Overtrading

In this section, the speaker warns against overtrading and explains why it is not a healthy lifestyle for traders.

Overtrading Leads to Losses

  • The more you trade, the more likely you are to experience losses.
  • Trading every day can lead to a false sense of ability and make you think you are better than you really are.
  • The market can go into a dry spell, making it difficult to find good trades.

Using Sentiment and Rule-Based Ideas for Day Trading

In this section, the speaker discusses how using sentiment and rule-based ideas about the Asian range can help traders find better trades with higher probability.

Finding Better Trades

  • Using sentiment and rule-based ideas about the Asian range helps traders find better trades with higher probability.
  • This condition may not occur every trading day but when it does, it presents the highest probability for day trading.

Conclusion

The speaker wishes good luck and good trading until the next lesson.

Playlists: 2017 ICT Private Mentorship Core Content Month 09
Video description

2017 Premium ICT Mentorship Core Content Video Lectures Audio and visuals are exactly as they were distributed in May 2017. 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.