Lecture on Finding Forex Setups

Overview

• Discussion on setups applicable to various asset classes (Forex, Index Futures).
• Focus on removing uncertainty and understanding when and where setups form.
• No specific pattern or PD array, but rather teaching how to identify your own setups.
• Importance of Market profiling (not VWAP-related).
• Setup for life = repeatable and specific setup.

Key Concepts

Understanding Setups

• Identify when and where setups form in the market charts.
• Incorporates Market profiling.
• Applies to all asset classes (Forex, Index Futures, etc.).
• New Traders and break-even Traders struggle with this.
• Important to know what to look for and when.

ICT Models for All Assets

• ICT: Inner Circle Trader models are suitable for various assets.
• Applying setups that can repeat over and over. Specific, not ambiguous.
• Entries might look 'too good to be true' but are based on real-time data.

Liquidity and PM Session Ranges

• Importance of PM session ranges (1:30 PM - 4:00 PM NY local time).
• Set charts to NY local time to avoid confusion.
• Use previous day’s PM session high/low as reference points for liquidity.
• Bullish scenarios: if prices trade near or below session lows, expect reversals targeting the highs.

Electronic Trading Hours vs. Regular Trading Hours

• Distinguish between electronic (ETH) and regular (RTH) trading hours.
• Apply appropriate time frames based on context (electronic for 24/7 markets, regular for session specific).

Specific Time-Based Ranges

PM Session Ranges

• Previous day 1:30 PM - 4:00 PM NY time: identify highs and lows.
• Reference points for liquidity if bullish, expect a run to buy side.
• Use these time frames to understand where smart money will move.

London Session Raid

• London session: 2 AM - 5 AM NY time for identifying range and liquidity targets.
• Look for highs and lows during this time frame.

Opening Range Gaps

• Opening range from previous day to current day: Identify gaps for potential market reversals/targets.
• Sequence: identify where the market starts, anticipate possible runs into gaps.

New York Lunch Raid

• Lunch hour liquidity raid (12 PM - 1 PM NY time): segment of manipulation.
• Identify highs/lows within this window for potential reversals/movements post-lunch.
• Look for shifts in the market post-reversal.

Other Key Entries

• AM session range (9:30 AM -12 PM NY time): use highs and lows for defining liquidity and setup targets.
• Aim for morning session highs/lows and liquidity raids.
• Combine all. Regularly review these setups and compare them with live charts for consistency.

Key Strategies for Trade Execution

• Turtle Soup (buying below old lows, selling above old highs as entry points).
• Order Blocks, Fair Value Gaps (specific gaps identified in regular session hours).
• Different P/D arrays: pick one that resonates and build from it.
• 15-Second Charts (for ultra-short-term executions): learn to read these for timing very specific entries/exits.

Practical Application

• Journaling setups to reinforce learning: record scenarios, patterns, and outcomes.
• Compare with tools like Bookmap for confirming liquidity at key levels.
• Apply P/D arrays repeatedly: Identify and practice entries, holding periods.
• Build from specific setups: grow trading confidence and understanding over time.

Summary

• Review price action in defined windows: Journal regularly and don’t rush trades.
• Understand and implement the presented concepts gradually into trading routines.
• Regular practice and comparing with previous data is crucial for improving accuracy.
• Methods described are rooted in historical price action analysis and consistent time frames.