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ICT Mentorship Core Content - Month 07 - Short Term Trading Defining Weekly Range Profiles
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ICT Mentorship Core Content - Month 07 - Short Term Trading Defining Weekly Range Profiles

Defining the Weekly Range Profiles

In this lesson, we will define the weekly range profiles and how they operate. We will also discuss how to anticipate these profiles by knowing the higher time frame discount arrays.

Classic Tuesday Low of the Week

  • This market profile is generally bullish.
  • Manipulation occurs when price hovers above a higher time frame discount array on Monday, then drops into a higher time frame discount array on Tuesday to form the low of the week.
  • Anticipate this by knowing the higher time frame discount arrays and when the market fails to drop into that array.
  • Odds are Tuesday will likely see a drive lower during Tuesday's London open and/or New York session.

Classic Tuesday High of the Week

  • This market profile for the week is generally bearish.
  • Manipulation occurs when price hovers below a higher time frame premium array on Monday, then rises into a higher time frame premium array on Tuesday to form the high of the week.
  • Anticipate this by knowing the higher time frame premium arrays and when the market fails to rise into that array.
  • Odds are Tuesday will likely see a drive higher during Tuesday's London open and/or New York session.

Wednesday Low of Week

  • This market profile is generally bullish.
  • Manipulation occurs when price hovers above a higher time frame discount array on Monday and Tuesday, then drops into that same array on Wednesday to form the low of the week.
  • Anticipate this by knowing the higher time frame discount arrays and when the market fails to drop into that array.
  • Odds are Wednesday will likely see a drive lower during Wednesday's London open and/or New York session.

Wednesday High of Week

  • This market profile is generally bearish.
  • Manipulation occurs when price hovers below a higher time frame premium array on Monday and Tuesday, then rises into that same array on Wednesday to form the high of the week.
  • Anticipate this by knowing the higher time frame premium arrays and when the market fails to rise into that array.
  • Odds are Wednesday will likely see a drive higher during Wednesday's London open and/or New York session.

Consolidation Thursday Reversal

  • This is a generally bullish market condition.
  • Manipulation occurs when price consolidates Monday through Wednesday, then runs the entry week low and rejects it forming a market reversal.
  • Anticipate this by knowing the higher time frame discount arrays and when the market fails to drop into that array.
  • Odds are Thursday will likely see a drive lower during Thursday's market driver news and/or rate release late New York session.

Market Profile Manipulation

This transcript discusses different market profiles and the manipulation techniques used to anticipate them.

Consolidation Thursday Reversal for a Bearish Market Profile

  • Consolidation Monday through Wednesday
  • Runs to enter week high and rejects it forming a market reversal
  • Anticipate this by knowing the higher time frame premium arrays
  • Expecting a drive higher on Thursday on a market driver news or rate release late New York session around 2 p.m New York time

Consolidation Midweek Rally for a Bullish Market Profile

  • Consolidation Monday through Wednesday
  • Runs to enter week high and expands higher into Friday
  • Anticipate when the market has yet to run to the premium array on the higher time frames
  • Recently rallied from a discount array and simply paused without any bearish reversal price action indicating price is about to expand higher for the premium array

Consolidation Midweek Decline for a Bearish Market Profile

  • Consolidating Monday through Wednesday
  • Runs to enter week low and expands lower into Friday
  • Anticipate when the market is bearish and has yet to run the discount array on the higher time frames
  • Recently declined from a premium array and simply paused without any bullish reversal price action indicating price is about to expand lower for the discount array

Seek and Destroy Bullish Friday

  • Neutral or low probability Market profile
  • Price consolidating Monday through Thursday running shallow stops under and above entry week highs/lows
  • Runs intra-week high, expanding higher into Friday
  • Anticipate when awaiting interest rate announcements or non-farm payroll can create this profile in July/August. Better avoid trading these conditions altogether.

Seek and Destroy Bearish Friday

  • Neutral or low probability Market profile
  • Price consolidating Monday through Thursday running shallow stops under/above entry week highs/lows
  • Runs intra-week low, expanding lower into Friday
  • Anticipate when awaiting interest rate announcements or non-farm payroll can create this profile in July/August. Better avoid trading these conditions altogether.

Wednesday Weekly Reversal for a Bullish Market Profile

  • Price consolidating Monday through Tuesday and drives lower into a higher time frame discount array to induce sell stops than strongly reverses
  • Anticipate when the market is trading at a long-term or intermediate term low price will pair institutional buying with pending sell site liquidity or traditionally known as a sell stop rate

Wednesday Weekly Reversal for a Bearish Market Profile

  • Price consolidating Monday through Tuesday and drives higher into a higher time frame premium array to induce buy stops then strongly reverses
  • Anticipate when the market is trading at a long term or enemy a term high price will pay our institutional selling with pending buy side liquidity or as otherwise known as a buy stop read

Understanding Market Profiles

  • Break down price and define moves in what you're seeing in price
  • Look at the characteristics of what is going on prior to these market profiles forming
  • Recurring theme that generally the characteristics outlined are precursors to these Market model profiles
Playlists: 2017 ICT Private Mentorship Core Content Month 07
Video description

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