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ICT Mentorship Core Content - Month 09 - Filling The Numbers
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ICT Mentorship Core Content - Month 09 - Filling The Numbers

Introduction

In this lesson, the instructor discusses filling in numbers and how to use pivot points.

Filling in Numbers

  • The daily range will seek to fill or trade to four specific levels each trading day.
  • As a day trader, you're going to work with the previous day's highs and lows in the last three days high and low whichever the highest is in that regard for swing points based on a daily chart.
  • We always look for one of those levels to be traded to it doesn't have to happen because the daily range could be smaller then will be required to get to the previous day's higher low but generally we're looking for a retest or trade through previous days highs and lows as a day trader.

Pivot Points

  • Historically, Floor Traders pivot numbers are used by retail traders and large funds. We look for the central pivot point and these are zero GMT pivots we look for the movement above the central pivot in the form of M3 which is the midpoint or 50 of the distance between central pivot point and R1 R1 or resistance level for staged orders M4 which is midpoint or 50 of distance between R1 and R2 Pivot Point R2 which is resistance level for staged orders M5 midpoint or 50 of distance between R2 and R3 and R3 which is resistance level for staged order.
  • There's a tendency for it (price)to want to trade through them (pivot points) because there's going to be staged orders there stage means there are buyers and sellers at those levels because most people don't know how to use them so what would be otherwise viewed as a good buy point below the central Pivot Point at like S1 and S2 that actually might be a really good area to sell short once the daily range has started to expand down and it trades back up to that S1 or S2 that could be a continuation cell.
  • Below the central pivot, we look for M2 which is midpoint or 50 of distance between central pivot and S1 S1 is first support level for staged orders then M1 which is midpoint or 50 of distance between S1 and S2 pivot Points S2 which is support level for staged orders m0 which is midpoint or 50 of distance between S2 and S3 and finally, S3 which is the support level for staged orders.

Conclusion

  • It's important to understand what these levels are and how we are going to interpret them in terms of filling the numbers.

Using Order Flow Direction and PD Array Matrix for Specific Bias

In this section, the speaker explains how to use the order flow direction and PD array matrix to determine what numbers will be filling for a particular day. The speaker also explains how to use these numbers to help determine the trade entry point.

Key Points:

  • Use the order flow direction and PD array matrix for specific bias.
  • Look for the numbers that will fill from your price point if you're going long.
  • If you're selling short, look below your entry point for sequential four levels below.
  • On large range days, more than four levels can be filled or traded to.
  • Majority of your trade position should be taken off after four levels are filled.
  • Always leave a portion on for the potential of a large range day.

Utilizing Central Bank Dealers Range

In this section, the speaker explains how to utilize Central Bank Dealers Range when shorting or buying in the market.

Key Points:

  • When shorting above Central Bank dealers range low, count it as level one of four to fill in.
  • Expect the market to trade down to four Central Bank dealers range lows.
  • When buying below Central Bank dealers range low, count it as level one of four and continue with standard deviations of Central Bank dealer's range projecting higher stacking it on top of each other.
  • Once you get through four of the Central Bank dealers' range highs that's your level four count or numbers being filled on basis of central bank dealer's range.

Filling Numbers Based on Pivot Points and Central Bank Dealers Range Projections

In this section, the speaker explains how IFTA fills numbers based on pivot points and central bank dealers' range projections.

Key Points:

  • IFTA looks to fill four pivots intraday.
  • It will look to fill for Central Bank dealers range projections or standard deviations either or can be used.

Shorting the Market with Flout Range

In this section, the speaker explains how to use the flout range to short the market.

Using Flout Range for Shorting

  • The market makes a low after midnight candles opening trades lower.
  • Use order flow direction and PD array matrix for specific bias utilizing the flout.
  • Count equilibrium of flout range to high and low as one standard deviation.
  • Project total flout range on basis of 50% of its complete range between 3 pm New York and midnight in New York.
  • Expect market to trade down four flout ranges in form of a low.
  • Sell short above equilibrium of total flout range or uppermost portion of that flat range or gray box.
  • Level one is new flout range low or lower half of total flat range.

Considerations for Filling Numbers

In this section, the speaker discusses considerations when filling numbers.

Which Numbers to Fill?

  • Consider using pivots, Central Bank dealer trains, Asian range, or flout when considering which numbers to fill.
  • Never know for certain before day begins what it will use to fulfill its daily range. Look at London's trading going into New York. Get closer to truth as trading day completes; New York session will generally provide measurements.

Using Tools to Measure Four Levels

In this section, the speaker discusses how to use various tools to measure four levels and find confluences between them.

Measuring Four Levels

  • Ranges and projections are not enough on their own.
  • Look for confluences between one or more of the tools outlined in this teaching.
  • Consider present trading environment, time of day, direction, and PD.

Unlocking Daily High or Low

In this section, the speaker explains how to unlock daily high or low using array matrix.

Array Matrix

  • Use array matrix to unlock daily high or low.
  • Speaker has been able to call daily highs and lows within one or two pips.
  • Speaker does not know how he is able to do it for certain at London open.

Misconceptions About Trading Ability

In this section, the speaker addresses misconceptions about his trading ability and emphasizes that he is not superhuman.

Trading Ability Misconceptions

  • Some people think that the speaker is superhuman because of his trading ability.
  • However, there are times when he feels uncertain about where the market is going.
  • The level was determined by using ideas taught in this course.

Teaching About Flat

In this section, the speaker introduces flat as a tool for measuring four levels and explains that it will be taught in detail later on.

Introducing Flat

  • Flat will be taught in detail later on but is being used here as a segue into more teachings about it.
  • Use flat along with central bank dealers range, Asian range, and pivots to fulfill the daily range or filling the numbers.
  • Speaker acknowledges that there will be many questions about flat.

Using Information to Determine Where Price Should Be

In this section, the speaker explains how to use information gathered from various tools to determine where price should be reaching.

Determining Where Price Should Be

  • Use information gathered from institutional order flow on The Daily and four hour to determine where price is going.
  • Anticipate price rallying up at New York's midnight candle or thereafter if price is respecting a premium PD array on The Daily or four hour.
  • Use some measure of standard deviation with either central bank dealers range, flout, Asian range, or four levels on pivot points.

Projecting How Far Price Can Go Down

In this section, the speaker explains how to project how far price can go down using various tools.

Projecting How Far Price Can Go Down

  • Use projections based on measurements across all four levels.
  • We don't know how fast price will be delivered across the daily range.
  • Look for some measurement of a discount PD array on The Daily or four hour that would line up with time of day and standard deviations.

Narrowing Down Where Price Is Most Likely Going To Go

In this section, the speaker explains how to narrow down exactly where price is most likely going to go by going through all measurements.

Narrowing Down Where Price Is Most Likely Going To Go

  • Eventually throughout the morning you're going to come to a conclusion where you can narrow down exactly where price is most likely going to go.
  • Worst case scenario is that you're going to see it go further than you thought.
  • When bullish, look for some measure of a move lower and some measure of standard deviation.

Introduction to Trading Strategies

In this section, the speaker introduces different trading strategies and explains how to use measurements to determine if they will fill the numbers on their respective characteristics.

Using Flat Ranges for Trading

  • Divide the highest high and lowest low in half to find the equilibrium price point.
  • Use flat ranges to go short by entering short above the equilibrium of the total flat range.
  • Use flat range low as your first number of 104 to be filling for the day if you're going long using flout.
  • To go long using flout, buy below equilibrium of the cloud total range between 3 PM and midnight a.m New York time.
  • Use flout total Range High as level one of the first count and do that for four without projections.

Incorporating Projections into Trading

  • Look for those projections to overlap with time of day and a premium PD array.
  • Blend time, premium PD array, and projections together to get a confluence of amazing precision in trading entries and exits.
  • Incorporate average daily range when they overlap with other concepts.

Picking Daily Highs and Lows

In this section, the speaker emphasizes how important it is to know how far that daily range is going to go when day trading. He explains how he picks daily highs and lows using several concepts blended together.

Getting Precise Entry Points

  • Narrow down precise entry points by blending several concepts together.
  • Get a greater feel for where it's going to reach by incorporating things like average daily range which will also incorporate this month when they overlap.

Forming Bullish Order Block

  • The low was most likely forming on Thursday's New York open as price traded down below cell stops debts.
  • Price moved away from the Asian range and was consolidating in the New York session.
  • The speaker stated that we would probably see 1 or 9:30 as a daily high because there was a fair value Gap at that price range.
  • Traded to ultimately 109.35.

Finding Information Across the Internet

  • The likelihood of finding this information across the internet or going into other people's work using pivot Points is low.
  • Incorporate several concepts together to get a confluence of amazing precision in trading entries and exits.

Understanding Precision in Trading

In this section, the speaker discusses how to achieve precision in trading and the importance of market volatility.

Achieving Precision in Trading

  • To achieve precision in trading, divide 50% of the range into two halves to create a new flat range.
  • Look for four pivots within this new range to identify potential trade opportunities.
  • Achieving precision requires effort and measurement throughout the day.

Importance of Market Volatility

  • Market volatility is essential for achieving precision in trading.
  • Without displacement caused by market movement, it is impossible to obtain accurate results.
  • The speaker highlights a recent example of a significant market move during the New York session as an ideal scenario for achieving precision.

Conclusion

In this final section, the speaker concludes by wishing listeners good luck and emphasizing the importance of putting effort into their trading strategies.

Final Thoughts

  • The speaker wishes listeners good luck with their trading endeavors.
  • Emphasizes that success requires effort and work put into developing effective strategies.
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.