ICT Charter Price Action Model 13 - Charter Lecture On 2022 YouTube Model

Summary

The transcript outlines an intraday trading model for index futures focusing on liquidity raids and rapid market structure shifts to target premium or discount price distribution arrays. It details optimal time windows, entry tactics, stop loss placement, risk management, and profit taking logic. The model aims to capitalize on specific times of day when algorithmic trades trigger, leaning on market open/close volume and entering on 5-1 minute charts after momentum shifts, using tight risk controls to maximize profit potential.

Takeaways

• 😀 This model targets intraday market structure for index futures using PD array matrix objectives
• 👍 It can be used on any timeframe - hourly, 30min, 4hr etc. - though the given rules specify 5min to 1min
• 💡 It looks for liquidity raids followed by market structure shifts to identify entries
• 📈 Entries: Bearish - sell limit order at high of discount low; Bullish - buy limit at low of premium high
• ⛔️ Tight stop losses placed at opposite end of the fair value gap candle used for entry
• 💰 Take profits by targeting opposing PD arrays - premiums if bullish, discounts if bearish
• ⏰ Key times to anticipate setups are given for both AM and PM sessions
• 😖 Reduce position size after losses to mitigate drawdowns
• 🔁 Continuously monitor price action around the given times for the ideal setup
• 🧠 Integrate with overall market analysis and look for one-sided setups with a clear directional bias

Q & A

What is model 13 referring to?

Model 13 refers to the 13th trading model covered in the 2022 free YouTube mentorship series. It focuses specifically on trading index futures using intraday market structure.

What is the ideal time window for trading index futures using this model?

The ideal time windows are 7-10am Eastern for Forex trading, and 8:30-11am Eastern for index futures trading.

What chart timeframes can be used with this trading model?

Any timeframe can be used including hourly, 30-min, 15-min charts etc. The key is monitoring price action after a liquidity raid and market structure shift.

What is the significance of fair value gaps in this model?

Fair value gaps ideally should be at or above/below equilibrium for bearish/bullish setups respectively. They represent imbalances and potential for further price movement.

How is the stop loss placement determined?

The stop loss is placed at the nearest significant swing high/low that invalidates the directional bias. This allows optimal risk management.

What dictates partial profit taking with this model?

There are no definitive rules. It depends on the trader's personal preferences, psychology and market conditions. Experimentation is required.

When during the day are setups likely to occur?

Setups are likely around major events like openings, economic data releases, lunch break ends etc. A list is provided in the script.

How should one interpret the given time windows?

Don't expect setups at every listed time. Rather monitor price action during those windows for alignment with bias and other factors.

What is meant by one-sided setups?

One-sided setups have a clear directional bias based on preceding price action and market context, making reversals unlikely.

How can this model be combined with other techniques?

This model provides a framework for intraday index trading. It can be combined with other analysis methods for greater edge.