Introduction
In 2024, I will study the ‘2022 ICT Mentorship’ (including the ICT Mentorship Model 13) and ‘Ends…’
series. These are simple models that everyone can use.
My trading needs to be consistent to be able to improve. Every trade needs to be based on the
model, with consistent money and risk management, and be journalled.
The risk and money management needs to be such that I am desensitised to the outcome/results.
The key is to be patient and wait for the market structure shift / displacement trigger.
2022 ICT Mentorship
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Expected weekly candle direction.
Focus on prior day high/lows for stop raids.
Don’t expect or look to trade every day.
Drop to lower time frames for entries.
Time > price
Action
Focus on reversals at previous daily high/lows.
At 0830, look at 15m chart trading range since London for SSL and BSL
Homework – find these setups (at least 10) in hindsight
Homework – study 1h rebalances and classify as ITH or ITL
Do not trade on your phone
Time
ICT Mentorship Model 13
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Forex: 0700 to 1000
Index Futures: 0830 to 1100
Ends
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AM Session: 0930 to 1130
PM Session: 1330 to 1530
Price
Advanced study on market structure
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Will price go higher for stops (BSL) or to rebalance an imbalance (FVG)?
Or will price go lower for stops (SSL) or to rebalance an imbalance (FVG)?
Daily FVG:
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Drop to 1h chart:
Use 1h chart to mark high/low swing points
LTH and LTL should be linked to a higher timeframe, i.e. daily chart
Every rebalance of an imbalance is labelled an ITH or ITL
Note the ITH is not higher than the two STH
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Drop to 15m chart:
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Use 15m chart and lower for entries/exits
The break below the ITL is a significant break in market structure
Then use the range from LTL to ITH for projections as this is the swing that starts the decline
Swing Trading (Ep 15-16)
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Draw fib on candle bodies of last swing in opposite direction of the draw on liquidity
Forex Application (Ep 17-18)
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For NY session, (when bearish) use 0830 for opening price if it is lower than midnight
Round stop loss up to minimum 10 pips
APPENDIX
Money Management
Consider the broker account balance as 10% of total available trading balance.
Monthly target is 2% of the total balance.
Risk Management
Look for 2-3 trades a week with 5% risk for 10% reward of broker account balance.
Total
Broker
Monthly
Weekly
Risk
£20,000
£2,000
£400
£100
£100
£200
£40,000
£4,000
£800
£200
£200
£400
£60,000
£6,000
£1,200
£300
£300
£600
£80,000
£8,000
£1,600
£400
£400
£800
£100,000
£10,000
£2,000
£500
£500
£1,000
Contracts
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ESH2024 = Emini S&P 500 Mar
ESM2024 = Emini S&P 500 Jun
ESU2024 = Emini S&P 500 Sep
ESZ2024 = Emini S&P 500 Dec
The ES multiplier is $50 per point and NQ is $20 per point.
The micro ES multiplier is $5 per point and micro NQ is $2 per point.
Check open interest a week before expiration:
Examples
Model Diagrams:
Reward
Wed 20 Dec ‘23:
Fri 08 Dec ’23:
Practical Implementation Thoughts
Start with a low monthly target, say £800, with a plan to scale by x10 once I can do it. Each week the
aim is £200 by taking trades that risk £100 to make £200. As a rule of thumb, the stop loss will be
approx. 1/3 of the daily range. This will be about 50 points for DE40 and 30 pips for FX. Lot sizes will
be about 2.4 for DE40 and 0.4 for FX.
EURUSD
GBPUSD
AUDUSD
NZDUSD
DE40
UK100
US30
US500
USOIL
XAUUSD
W ATR
D ATR
SL
TP
0.01545
0.01913
0.01421
0.01304
403.1
175.72
764.8
113.3
5.49
55.65
0.00711
0.00898
0.00608
0.00585
166.0
69.8
341.1
49.5
2.41
23.674
0.0030
0.0030
0.0030
0.0030
50.0
25.0
100.0
20.0
1.0
10.0
0.0060
0.0060
0.0060
0.0060
100.0
50.0
200.0
40.0
2.0
20.0
IC
$120
0.4
0.4
0.4
0.4
2.4
4.8
1.2
6.0
1.2
0.12
FTMO
$1,000
3.33
3.33
3.33
3.33
20.0
40.0
10.0
50.0
10.0
1.0
Sco
$350
0.70
0.70
0.70
0.70
n/a
n/a
n/a
n/a
n/a
0.35