- Focus on identifying areas of bias in the market using relatively equal highs/lows or smooth price areas
- When beginning chart analysis, locate smooth areas on the 1, 5, and 15 minute timeframes
- Trading opportunities arise from contrasting sell-side vs buy-side dynamics to frame trades properly
Important Trading Windows (EST)
- Morning Session 1:
- Premarket Range: 7:00am – 7:30am
- Opening Range: 7:30am – 8:00am
- Morning Session 2:
- 8:00am – 8:30am (Key preparation period)
- Morning Session 3:
- Premarket Range: 9:00am – 9:30am
- Opening Range: 9:30am – 10:00am
Trading Approach (ICT 2024 Mentorship Lecture #1)
- Begin chart analysis by 8:00am EST, preferably earlier
- Focus analysis on three primary timeframes:
- 15-minute chart
- 5-minute chart
- 1-minute chart
- Between 8:00am and 8:30am EST EVERY DAY, identify smooth areas in price action
- Note: Price doesn’t need to reach these levels during the current session
- These areas help stack odds in your favor
Key Concepts
- Markets will move toward smooth price areas to disrupt liquidity positioned above/below
- Breaker Block Definition: The complete range of candles forms the breaker
- The most sensitive area is the last up-closed candle
