Video summary

2022 ICT Mentorship Episode 17

Main summary

Key takeaways

Finance

Asset(s) / Instruments / Markets Mentioned

FX pair

  • EUR/USD (referred to as “euro dollar”)

Time-based trading windows (New York session)

  • FX “New York open kill zone”: 7:00 AM–10:00 AM NY time
  • Alternative NY threshold for FX:
    • Use the midnight NY candle opening price
    • Recalibrate at 8:30 AM
  • Indices note:
    • Different hours for indices (e.g., 8:30–11:00 local), sometimes extending to 10:40–10:45

Key Levels / Numbers (Price Targets & Reference Points)

“Big figure” / liquidity magnet

  • 109 “big figure” (target/liquidity magnet)

EUR/USD area around 1.09

  • Mentions around 1.09, including fib/convergence references near:
    • 1.0919
    • 1.09
    • 1.0901
  • Later states the low of the day ~1.0901

Institutional price levels influence

  • “1.09 big figure / 1.09 zero level” influence tied to liquidity around:
    • 0000 / 00 / 20 / 50 / 80 (“institutional price levels”)

Example trade numbers (hypothetical)

  • Entry: ~1.0960
  • Stop: ~1.09728 (rounded conceptually to ~10 pips risk)
  • Target: ~1.09 big figure
    • Exit buffer:
      • Suggested 3–5 pips (fluff to improve fill probability)
      • For new traders: ~10 pips

Methodology / Step-by-Step Framework (FX Application)

Market structure & liquidity sweep thesis (daily bias)

  • When price moves above relative equal highs:
    • expect buy-side stops to be taken
  • Then, as price starts moving lower:
    • the expectation shifts bearish
  • Identify relative equal lows:
    • treat them as sell-side liquidity
    • watch for potential unfinished business below them
  • Bias rule:
    • after multiple down closes, expect the next candle to remain bearish

“Institutional price levels” references

  • Use big figure/zero levels (e.g., 109 big figure) as:
    • liquidity magnets
    • target zones

Swing setup anchored to fib / standard deviation

  • Start from a swing high → swing low reference
  • Identify a “falcon point” and “fulcrum point”
  • Fib/standard deviation targeting applies only if a key low is broken

Intraday “protraction/manipulation” (Power 3 concept)

  • Framework:
    • Accumulation → Manipulation → Distribution
  • For a short / bearish day:
    • expect rallies first intraday (manipulation/protraction)
    • then distribution lower toward the liquidity/target later

Time-of-day rule (FX-specific)

  • Frame the day around the midnight NY candle opening price
  • Prefer shorts where price is above the midnight opening price
  • Recalibration at 8:30 AM:
    • if the 8:30 opening price is lower than midnight’s opening,
    • use the lower one as the threshold/minimum trigger
  • Execution window:
    • 7:00 AM–10:00 AM NY is the kill zone

Order-block / FVG execution logic

  • Look for imbalance / fair value gap (FVG) on the session template
  • After a down displacement, price may return to:
    • the bearish order block (displacement + FVG context)
    • then drop again into lower-timeframe liquidity

Trade management

  • Entry: on return to the setup area (e.g., bearish order block / FVG re-test)
  • Stop: above the relevant swing high (or above the example candle high)
  • Target: around 1.09 big figure / relative equal lows
  • Exit buffer / fill realism:
    • use 3–5 pips buffer (recommended)
    • if very new: ~10 pips
    • avoid requiring an exact touch if spread/slippage may prevent limit fills

Risk Management / Performance Framing

Spread realism in FX

  • Even if a broker shows tight spreads, they can widen when it benefits them.

Example risk/reward framing

  • Claims risk-to-reward better than 8:1 in the shown hypothetical trade.

Practical caution on news volatility

  • High-impact news can “scare you out” or stop you out.
  • This framework uses volatility injection rather than avoiding it.

Macroeconomic / News Driver Explicitly Mentioned

  • High-impact news at 10:00 AM NY time:
    • ISM Services PMI (called “ISM services pmi number”)
  • Stated reason:
    • the model targets volatility around specific times
    • news at 10:00 AM extends/changes behavior of the intraday window

Explicit Recommendations / Cautions

  • Only take FX trades aligned with the FX kill zone (7:00–10:00 NY).
    • Generally avoid new FX entries after 10:00, unless major news is present.
  • For bearish setups (example focus):
    • want price above the midnight opening threshold
    • and also above the 8:30-adjusted threshold depending on which is lower
  • Use conservative exit buffers due to spreads.
    • Avoid overly “perfect” limit targeting.

Disclosures / Disclaimers

  • No explicit formal “not financial advice” disclaimer appears in the provided subtitles.
  • The instructor describes the game as “rigged” and notes you’re “not supposed to be in it not consistently profitable.”
    • Framed as a warning about market mechanics/participant advantage rather than an investment disclaimer.

Presenters / Sources

  • Presenter: Michael (referred to repeatedly as “michael”; full name not provided)
  • Source context: 2022 ICT Mentorship Episode 17 (channel/series title referenced; no other third-party source names provided)

Original video