Lecture Notes: TGIF Setup in ICT Trading

Introduction

• Topic: TGIF (Thank God It's Friday) trading model
• Type: Day-based algorithmic ICT trading model
• Assets: Applicable to all assets
• Characteristics: Appears one day per week, specifically on Friday
• Concept: Retracement into the current weekly range

Weekly Power 3 and Distribution Phase

NASDAQ Futures Contract Analysis

1. Monthly Chart:

   • Top-down approach is crucial
   • Anchor TGIF trade against higher time frame premium rate or discount array
   • Example: NASDAQ monthly chart shows a fair value gap
   • Market assumption: Pullback into the weekly range after exhaustion

2. Weekly Chart:

   • Shows the monthly fair value gap
   • Need top-down analysis
   • Example: Previous week trading into a premium

3. Daily and Hourly Charts:

   • Example: NASDAQ daily and hourly charts
   • Highlighted premium fair value gaps and potential pullbacks
   • Emphasis on understanding higher time frames for precise entries

Power 3 Concept

• Components: Open, High, Low, Close (OHLC) bars
• Accumulation Phase: Below opening price
• Manipulation Phase: Rally higher to make the high of the period
• Distribution Phase: Close near the high of the period
• Application: Applicable to all time frames

TGIF Setup and Analysis

Key Points:

1. TGIF Setup:

   • Codified for end-of-week range concepts
   • Retracement into the weekly range expected on Friday
   • Weekly range: Lowest low to highest high of the week
   • Measure retracement using Fibonacci levels (20% and 30%)

2. Intraday Scenario:

   • Example: NASDAQ intraday on Friday
   • Fair value gaps identified
   • Anticipate retracement between 20% and 30% of the weekly range

Execution and Strategy

1. Silver Bullet Time:

   • Focus on 2 PM to 3 PM session
   • Example: Various intra-week models and setups demonstrated
   • Use of fair value gaps, order blocks, and breakers for entries

2. Examples:

   • Detailed walkthrough of NASDAQ trades on Friday
   • Emphasis on identifying premium arrays
   • Concepts of ICT Silver Bullet and time distortion

Summary

• TGIF as a strategy is about anticipating a retracement into the weekly range on Fridays
• Utilize 20% to 30% Fibonacci levels for measuring retracement
• Apply the Power 3 concept for understanding market movements
• Focus on higher time frames for precise entries

Conclusion

• TGIF: A repeatable strategy for end-of-week trading
• Key Takeaway: Understand higher time frames, use Power 3 and Fibonacci levels
• Execution: Practice entries using identified setups like order blocks and fair value gaps

Note: This lecture emphasized the importance of understanding higher time frames and the Power 3 concept. Regular practice and adherence to the rules of engagement are essential for mastering the TGIF setup.