Core Month 01 08 Impulse Price Swings & Market Protraction - newsqlguru/ict-index GitHub Wiki

ICT Mentorship Core Content - Month 1 - Impulse Price Swings & Market Protraction

• https://youtu.be/K4LtfujVpJs?list=PLVgHx4Z63paYzh3KwUFX0UHQUf31CAEXk

• 8

Key Terms

• Market Protraction (MP)

• Impulse Price Swing (IPS)

Content

• Impulse Price Swing (IPS)

• Fast moves large to swing points high/low

• When looking at PA think about IPS

• Time of Day related to IPS

  • Add Vertical Lines for 00:00 GMT.

  • Now we can see time sensitive IPS

    • What is Market Protraction (MP), an IPS that is highly sensitive to Time of Day.

    • There are 3 primary MP every 24 hours.

    • 20:00 EST Asia (00:00 GMT)

    • 00:00 EST Midnight London, IPS, can fake out price chasers.

    • 07:00 EST NY AM, If market has moved lower/higher in London, we are looking for a retracement in the opposite direction, it is designed and intended to induce traders into the wrong side of PA.

      • 11:00 EST London Close, watch for Judas Swing (move in opposite direction of bias)

• The intent is to manipulate traders and seek their positions as liquidity.

• Market Protraction will move in the opposite direction of PA.

• The difference in determining IPS vs MP is that MP will have a small IPS after these times.

  • 00:00 est

  • 07:00 est

  • 20:00 est

  • Small IPS counter to the major direction of larger price swing, if we are bullish the MP will be a small bearish IPS, and if bearish the MP will be a small bullish IPS.

  • The MP will happen shortly after the above times.

Notes

• Find 10 occurrences in past price action and log them in your trade journal.

• Extra credit if found on multiple time frames.