ICT Mentorship Core Content - Month 08 - Intraday Profiles

Summary

This lesson focuses on intraday market profiles for trading in the London session, explaining how to identify high-probability sell and buy days based on specific criteria. The script outlines key parameters such as Central Bank dealers' range, the Asian session range, and the timing of price movements after midnight New York time. It emphasizes the importance of timing entries and recognizing the protraction and Judas swing phases to optimize trade entries. The lesson also highlights how to approach delayed protraction profiles and when to trade based on the market's overall direction from the daily chart.

Takeaways

• 😀 The Central Bank dealers' range should be less than 40 Pips for an ideal sell day setup in the London session.
• 😀 The Asian range must fall between 20 to 30 Pips for the setup to be valid, ensuring tight consolidation before the London session begins.
• 😀 For a high-probability sell day, the market should rally after 12:00 a.m. New York time and continue until around 2:00 a.m. New York time.
• 😀 The protractionary stage, or Judith swing, will typically be one to two standard deviations of the Central Bank dealers' range.
• 😀 If the Central Bank dealers' range exceeds 40 Pips, the profile may no longer be valid, requiring a different trading approach.
• 😀 The London delayed protraction profile occurs when the market does not rally after midnight but instead moves lower, followed by a protractionary stage around 2 a.m. New York time.
• 😀 The London delayed protraction setup involves looking for a retracement higher into a premium PD array before selling.
• 😀 For a buy profile, the market must decline after midnight and trend lower into the 2:00 a.m. New York time, ideally forming the low of the day around that time.
• 😀 In the London buy profile, the proactionary stage or Judith swing will be one to two standard deviations of the Central Bank dealers' range, with a potential reversal forming after the low of the day is established.
• 😀 The London delayed protraction buy profile occurs when the market's initial movement does not clearly show a bullish trend, but the protraction stage begins after 2 a.m. New York time, offering a buying opportunity during the retracement.

Q & A

What is the primary focus of Lesson 5 in the ICT mentorship series?

Lesson 5 focuses on intraday market profiles, specifically on sell and buy profiles during the London session for intraday trading.

What is the key criterion for a classic sell day during the London session?

The key criterion for a classic sell day is that the Central Bank dealers range must be less than 40 pips, and the Asian range must be between 20 to 30 pips.

What happens if the Central Bank dealers range is greater than 40 pips?

If the Central Bank dealers range is greater than 40 pips, the profile being discussed in the lesson will not apply, and the trader should consider other options or wait for a different scenario.

How should the price move between 12:00 a.m. and 2:00 a.m. New York time for a sell day profile?

For a sell day profile, the price should rally up after midnight New York time, moving higher into 2:00 a.m. This upward movement is necessary for the classic sell profile.

What is the ideal time to look for price movement in the London session for a sell day?

The ideal time to look for price movement is between 12:00 a.m. and 2:00 a.m. New York time. If the price does not rally during this period, the profile will not be considered a classic sell day.

What is the protraction stage, and how does it relate to a sell day profile?

The protraction stage occurs when price moves higher after midnight, creating an initial move up that forms the high of the day. This move is essential for a classic sell profile in the London session.

What is a London delayed protraction profile, and how does it differ from a classic sell day profile?

A London delayed protraction profile occurs when the price does not immediately rally after midnight. Instead, it moves lower before staging a rally at or after 2:00 a.m. New York time. This delay differentiates it from the classic sell profile.

For a buy profile during the London session, what is the expected price movement after 12:00 a.m. New York time?

For a buy profile, the price should decline lower after 12:00 a.m. New York time, reaching its lowest point just ahead of 2:00 a.m. The ideal scenario is for the price to make lower lows before starting to move higher.

What role does the Central Bank dealers range play in determining a buy profile during the London session?

The Central Bank dealers range should be less than 40 pips for a classic buy profile. This narrow range indicates a consolidation that sets up the conditions for a potential rally after 12:00 a.m.

What is the purpose of the 'Judah swing' in the context of a delayed protraction buy profile?

The 'Judah swing' refers to a delayed price movement after 2:00 a.m. New York time, where the market retraces higher into a discount PD array. This retracement is necessary for confirming a delayed protraction buy profile, offering a buying opportunity at a discounted price.