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ICT Mentorship Core Content - Month 08 - Intraday Profiles
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ICT Mentorship Core Content - Month 08 - Intraday Profiles

Intraday Market Profiles

This lesson is about intraday market profiles, specifically the cell profile of London normal protraction.

Criteria for a Classic Cell Day

  • Central Bank dealers range should be less than 40 Pips.
  • Asian session range between 8 PM and midnight New York time should have a classic range of 20 to 30 Pips.
  • The market will rally up after 12 AM New York time to 2 AM New York time.
  • The protractionary stage or Judah swing will be one to two standard deviations of the Central Bank dealers range.

Warning Signs

  • If the Central Bank dealers range is greater than 40 Pips, there's been a lot more later afternoon New York session price action so that means it's been extended further.
  • If the Asian range does not move down into a small consolidation of 20 to 30 Pips, you can't take the London session because you've already seen a lot of volatility both in Central Bank dealers' range.
  • You have to wait until 8 PM for the Asian session to begin and then between 8 PM New York time midnight New York time we'll be looking for consolidation in a range of

20 to 30 Pips if they can consolidate the Asian range.

Ideal Scenario

  • The ideal scenario is when all criteria are met, which makes this profile his go-to money-making day.

Trading Strategies for the London Session

This transcript discusses trading strategies for the London session. It covers different profiles, including sell and buy profiles, and provides insights on how to identify them.

Sell Profile

  • The protractionary stage in the marketplace is expected to occur after midnight.
  • Look for price movement at 1 am to 1:30 am, which should have made a higher high than that seen in the Asian range or Central Bank dealers' range.
  • Ideally, it will trade up from 12 a.m to 2 A.M with a projectionary state or sucking in buyers or squeezing on those people that have stops just above the marketplace they're already short.
  • When the protractionary stage occurs due to swing, look for one to two standard deviations of the Central Bank dealer's range.
  • The classic cell profile London normal protection occurs between two o'clock and four o'clock in the morning typically.

Buy Profile

  • This is the London normal protraction stage where Central Bank dealers' range is less than 40 Pips.
  • Look for price movement at or shortly after 2 A.M New York time when IFTA enters a protectionary stage.
  • Create a vertical line on your 15-minute time frame and look for price to Stage a rally at or just shortly after 2 A.M that rally is going to be an intraday inside the range it's already existing
  • Wait for retracement higher that will be if this protractionary stage it will not want to make a higher high and price will go to premium PD array bearish order block close fair value Gap or liquidity void then you'll be selling short on the day.

Delayed Protraction

  • The market may or may not have favorable Central Bank dealer's range; this means it could be an ideal stage set, it could be less than 40 Pips, or it could be greater than 40 Pips.
  • The directional bias is going to be bearish, but the protractionary stage is going to be delayed in the day.
  • Look for a rally at or just shortly after 2 A.M trading up into a premium PD array in the time frame you're trading on which is the 15-minute chart.

Example

  • An example of a sell profile shows that price rolls over just doesn't make any higher high then we have a protractionary stage rate after two o'clock on this time frame.
  • This is seen with 70 Mt which would be two o'clock in New York time price creates a rally trades back up into a bearish order block and then creates the London session High trading lower.

London Normal Protractionary Day

This section discusses the characteristics of a London normal protractionary day and how to identify it.

Characteristics of a London Normal Protractionary Day

  • The market declines after 12 a.m New York time into 2 A.M New York.
  • Central Bank dealer's range is less than 40 Pips.
  • Asian range has a small narrow 20 to 30 pip range.
  • Orders build up above and below the marketplace.
  • The market starts dropping immediately after 12 a.m New York time at midnight and trades lower down into 2 A.M.
  • Price trends towards or makes lower lows going into that 2 A.M time period.
  • Confirmation that the London normal protraction by profile is unfolding occurs when the market consistently moves lower past ideally 1am -1:30 am.
  • Judas swing or protractionary stage in the marketplace reaches down one to two standard deviations in the Central Bank dealers' range, which will be your projected low.

Example of a London Normal Protractionary Day

The market enters a small Central Bank dealers' range, and Asian range is also respectable in terms of Pips. Then price drops lower right after the midnight candle finds the low of the day and expands up for higher close.

Buy Profile of London Delayed Protraction

This section discusses how to identify buy profiles for London delayed protraction.

Characteristics of Buy Profile for London Delayed Protraction

  • Market may or may not have favorable Central Bank dealers' range, so it can happen either way.
  • Directional bias is bullish but protraction is delayed.
  • IFTA will enter a protraction stage at or shortly after 2 A.M New York
  • Look for discount PD array to buy at during a retracement that will occur at or shortly after 2 A.M New York time.

Example of Buy Profile for London Delayed Protraction

The market starts up and doesn't give us a real clear picture right away. It starts moving higher, doesn't give us that big move lower or initial drop down. We have a questionable Central Bank dealers' range or agent range scenario. We can be looking for our directional bias to unfold, which is bullish.

Trading the London Session

In this section, the speaker discusses two dominant profiles for trading the London session and their specific criteria.

Criteria for Trading the London Session

  • The first profile is the London protraction, which has specific characteristics that must be met. If these characteristics are not present, then look for justification for the delay in the protractionary stages of the London session.
  • The second profile is a Judah swing. If there is no movement in favor of an up close day with a down move after 12 a.m., then look for this scenario at 2 a.m.
  • To trade the London session, you need to be up between 12 A.M New York time and at least 2:30 A.M to 3 A.M.
  • There are only four types of conditions to look out for when trading either bullish or bearish scenarios in London.
  • The criteria for trading depends on whether you're looking at expanding higher or lower based on recent daily chart movements.
  • You should only be looking for two things: a movement after 12 a.m going into two o'clock in the morning and if that doesn't happen then draw a vertical line at 2 am then expect it there so between two o'clock and 3 A.M that Judah swing should occur.

Benefits of Using These Profiles

  • By using these profiles, you can find long and open setups with very specific criteria and filters.
  • Following these profiles will keep you out of trades that don't meet your criteria.
Playlists: 2017 ICT Private Mentorship Core Content Month 08
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