ICT Mentorship Core Content - Month 1 - Impulse Price Swings & Market Protraction
Summary
TLDRThe script discusses the concepts of impulse price swings versus market protraction. Impulse price swings refer to high-low price movements irrespective of time. Market protraction refers to manipulation-driven price swings timed around key sessions to mislead traders. Examples are shown of protraction around midnight NY, 7am NY, and London closes. The goal is to blend analysis of impulse swings with protraction timing signals as context for anticipating turns. This can aid session trading by revealing when impulses at set times are likely contrary signals rather than true turns.
Takeaways
- 😀 Impulse price swings show directional price movement from high to low to high.
- 😯 Market protraction involves time-sensitive impulse price swings used for manipulation.
- ⏰ There are 3 key daily times for market protraction: 0 GMT, 7 AM NY, & 8 PM NY.
- 🔼 Protraction often involves a counter-directional price swing to trick traders.
- ↕️ Blending impulse swings & time can identify manipulative protraction moves.
- 😠 Protractionary moves aim to reach for liquidity and take out stops.
- 🕑 A protractionary judas swing fakes traders into thinking a reversal.
- ⌛ You can use protraction concepts to anticipate moves around key times.
- 📈 Impulse swings show overall direction; protraction adds time context.
- 🤯 Protraction moves faster as it seeks liquidity from previous swing lows.
Q & A
What is an impulse price swing?
-An impulse price swing is a price movement from a high point to a low point and back to a high point, illustrating volatility and momentum in the market.
How is market protraction different from impulse price swings?
-Market protraction involves time-sensitive impulse price swings that occur at specific times of day, such as 0 GMT, when the London session opens, or 7 AM New York time. The goal is to manipulate trader sentiment at those key trading times.
What are the three primary protractionary market moves?
-The three primary protractionary moves are: 1) A 'raid' at 0 GMT, 2) A move after the London open, and 3) A move after 7 AM New York time when the US session opens.
What is the purpose of the initial move after midnight New York time?
-The initial move after midnight New York is meant to fake out traders who chase that initial move, drawing them into the wrong side of the market so liquidity can be reached.
How can you identify the London open protractionary move?
-If the market has moved lower in London, watch for a retracement higher right after the London open. This false rally is meant to manipulate sentiment.
What signals the New York protractionary move?
-A 'round up' off the London high right after 7 AM signals a protraction where price rallies to reach for liquidity before reversing down.
How can you trade protractionary moves?
-Anticipate the false move and trade in the opposite direction, selling into temporary strength or buying into temporary weakness.
Why does combining impulse swings and time help traders?
-It provides context - impulse swings show momentum while timed protraction reveals when manipulation is likely occurring.
Where can you apply these concepts?
-Session trading and session drills benefit from anticipating these moves. It builds price action skills.
What is the key difference between impulse swings and protraction?
-Protraction adds a time element - it anticipates manipulative moves at specific times of day, while impulse swings show general momentum.
Outlines
😀 Impulse Price Swings and Market Protraction
This paragraph introduces the concepts of impulse price swings in a market, where prices swing up and down from highs to lows repeatedly. It explains that looking at price action requires thinking about these impulse swings. It then transitions to discussing market protraction as a time sensitive, manipulative impulse swing occurring at specific times of day.
😊 Examples of Market Protraction Manipulation
This paragraph provides examples of market protraction manipulation, explaining how fakeout moves are made near the opens of the London and New York sessions to trick traders. It notes these protractionary moves are intended to reach for liquidity and manipulate trader sentiment for advantage.
😃 Using Impulse Swings and Protraction Analysis
The final paragraph explains how blending analysis of impulse price swings and market protraction states can provide context for trading. It gives an example tracking swings on a price chart and noting protractionary moves that quickly reach for liquidity at areas like prior lows.
Mindmap
Keywords
💡impulse price swing
💡market protraction
💡reach for liquidity
💡Judas swing
💡premium market
💡anticipatory price skills
💡impulse vs protraction
💡session trading
💡session drills
💡context
Highlights
Impulse price swings show market directionality through sequences of price movements up and down
Market protraction involves time-sensitive impulse price swings used for manipulation around key trading sessions
The Asian session has a small impulse price swing away from the market open price as a first sign of market protraction
After midnight in New York, an initial impulse swing tricks traders by going against the prior market direction
A morning impulse swing in New York draws in traders by faking a market bottom before reversing
In London, an upwards impulse swing is seen as false strength to sell into for more bearish conditions
Blending impulse swings and time of day shows how markets use key times to manipulate participation
Selling at the 62% Fibonacci retrace of an impulse swing anticipates a move below the prior low
The speed of moves shows where stops and liquidity sits below former swing lows
Impulse swings show overall direction; protraction adds time elements for finer session trading tactics
Rallies after midnight NY reach for sellers; morning rallies in NY seek stops above prior highs
Asia's lack of influence means just watching for an initial divergence from open price
New York's morning impulse up draws in buyers for a failure swing before momentum down
Sequence of impulse swings shows market direction; protraction turns market during key sessions
Blending swings and session context helps build price anticipation and practice tactics
Transcripts
okay folks we'll be looking at
impulse price swings and market
protraction
very similar ideas but uniquely
different
i'm going to first talk about impulse
price swings
a impulse price swing
would be something like this
okay so we have an impulse price
swing down
then we have another impulse price swing
higher
and we have another impulse price swing
lower
and the impulse swing higher
followed by an impulse swing lower
and a higher
swing
of impulse movement higher
then we have another impulse swing lower
followed by another impulse swing higher
followed by an impulse swing lower
another impulse swing higher
and ultimately another impulse swing
lower
so we have price swings moving from high
down to a low to another high down to
another low
to a high to a low
to another high
making another low
up to a high down to a low up to a high
down to a low
when you look at price action you need
to be thinking in terms of impulse price
swings
because inside the impulse price swings
it's going to give you a lot of detail
now
there are
smaller more specific impulse price
swings
that have a lot more influence over
the marketplace in the form of a
manipulative
move or
market making
manipulation
so
let's take all this off and focus
primarily on
protraction now if we look at the market
with the similar
ideas we just illustrated
with every impulsive price swing
and then we add to it time of day
by holding down control and tapping y on
your keyboard you'll add
the vertical delineations for zero gmt
so zero gmt
vertical
line to another
day divided basically
when we see this
okay
then we can look at
time sensitive
impulse price swings
which is
market protraction
market protraction is time sensitive
it's an impulse price swing that is
highly sensitive to a time of day
there are three primary
protractionary market moves every 24
hours
the first one is
raid at zero gmt
you'll see one little movement away
or
lower in other words up or down right at
that
at delineation in time
you see one here it trades down away
from it and moves higher
we see this one here trades down then
moves higher
you see this one here trades higher
this one here it trades higher
and that's all we're going to look out
for for that asian session i don't
believe asia is that
influential initially
the other
market protractionary
state is in
is in london
now we can take the control y
feature off and just focus on the
vertical lines here delineating
midnight new york
initially right after midnight new york
on this day we have a market move higher
this market move here is a
protractionary market phase
where the market trades up initially
at a specific time of day so there's an
impulse price swing here but its design
is to fake out the individuals that
chase that initial move after midnight
the second impulsive price swing
starts in new york we delineate seven
o'clock in the morning
and we anticipate if the market has
moved lower in london we're going to be
looking for a retracement higher that
impulsive price move higher is market
protraction
it's designed and intended for
manipulation only it's to get traders to
think that the the market's making a low
in this case
it rallies up
and then trades down ultimately here
again
here's new york time
in
new york session opening
market goes into another projectionary
market state
right after
the seven o'clock hour
going into new york open
small little retracement
and market trades lower
again
seven o'clock in the morning
the market goes into a small
impulse price swing
higher
this is market protraction its intent is
for for manipulation
its counter
direction in other words if this move
occurs at this time of day
if it goes higher we think the opposite
direction
if it goes lower we think the opposite
direction
so if it initially moves higher
and the market's been going lower
we see that as manipulation or market
protraction market's going to seek
to draw in participants on the wrong
side of the marketplace or
reach for liquidity it has to happen
after seven o'clock in the morning
has to happen after seven o'clock in the
morning
and it has to happen after seven o'clock
in the morning the other one is
in the london session obviously
and it's after
four
gmt on the forex ltd
demo account if we see a movement higher
and more bearish we see that as market
protraction or a judas swing it's a
false rally to sell into
same thing occurs in after new york's
seven o'clock in the morning time
we anticipate a round up
off the london high so when we see that
we expect the market to go into a
protractionary state where it rallies up
to reach for liquidity
and then expand down
this day here
market drops initially rate from the
midnight candle
drops lower
then rallies up
so this is market protraction it seeks
liquidity
below the market over here clearing out
lows and then rallies
rate it
new york
markets
one more time little rally in here
then sells off
the next day
london
we see initial rally after midnight
candle
and then it trades lower
right after seven o'clock in the morning
new york we get one more protractionary
state in the marketplace where the
market rallies again
small minor little impulse price swing
but its design is to manipulate
the sentiment and or the thoughts of
traders wanting to be participants
this would look like a low
in this run up here would entice buyers
in a new york session
and then they reverse it
having these things in mind
we can look at
the market
in the context of what we shared so far
for this month
we see a
market move
down from a market
impulse price swing
so we can measure that swing down
from the high
we can use this one
it's high down to this low it retraces
back up above equilibrium so we go into
a premium market at the 62 retracement
level we can sell there with a move
expecting to see a run below this low
market goes into protractionary
phase after an impulse price swing
we can be a seller reaching for
liquidity below the lows and looking
over here in previous days we can find
an old load back here as well and market
trades down into that level
market makes another impulsive price
swing
here
in this context the market rallies up
with another move higher
in the next london session it's in
judah's swing lower or market
protractionary phase
faking traders out thinking it's going
to drop initially and it rallies up and
it rallies up into the new york session
right into
a premium market so we're blending
impulse price swings and then time of
day
retrade rate back into equilibrium
for market protraction right in here and
then it expands going lower
taking out stops below the lows over
here and aiming for the stops below
these equal lows
which they accumulate here
another impulse price swing
here
down to the low right
here impulse swing up
rate at the
new york midnight candle
due to swing higher
fake move higher
it trades down
going into new york we see another
protractionary market phase where it
trades up
right into
an area where it sold off before
lower expansion
reaching down into the 3255 level
why would it reach down there and why is
it quickly moving so fast to go down to
that level
is because you can see the old low over
here
the difference in
in determining
impulse price swings and in market
protraction
is the fact that there is a time element
applied to the small
impulse swing after midnight
new york time
after 7 a.m
new york time
and 8 p.m
new york time
there's usually a protractionary market
phase that enters the marketplace and
it's a small little impulse price swing
that's counter the major direction that
you're going to see after that specific
time of day
so for session trading and for session
drills you can use this
concept to help
give you context in your practicing and
also
build your anticipatory price skills
تصفح المزيد من مقاطع الفيديو ذات الصلة
ICT Mentorship Core Content - Month 1 - Equilibrium Vs. Discount
2022 ICT Mentorship Episode 9
What is volatility?
200 trading hours later, I found something that works for me: "Super-Scalping"
Best and Worst 0DTE Options Strategies | Zero Days to Expiration Crash Course Ep. 1
How I Made 11% in 1hour 20minutes (Trade Breakdowns)
5.0 / 5 (0 votes)