ICT Mentorship: Lesson 5 - Intraday Market Profiles

Overview

• Focus: Intraday Market Profiles for Day Trading
• Key Concept: Sell and Buy profiles during London Market

Sell Profile: London Normal Protraction

• Central Bank Dealer's Range: Less than 40 pips
• Asian Range: 20-30 pips
• Pattern:
  • Market rallies after 12 a.m. to 2 a.m. NY time
  • Looking for London high to form
  • Bearish move anticipated with higher time frame
  • No rally after 12 a.m. means not the right profile
• Filter Criteria:
  • Central Bank dealer's range > 40 pips: Not this profile
  • Expect consolidation between 2 p.m. and 8 p.m.
  • Asian range consolidation tight at 20-30 pips

Sell Profile: London Delayed Protraction

• Central Bank Dealer's Range: Flexible, can be > or < 40 pips
• Directional Bias: Bearish
• Protraction Stage:
  • Delayed to around or after 2 a.m. NY time
  • Watch for retracement higher post 2 a.m.
  • Bearish setup requires a rally into a premium PD array

Buy Profile: London Normal Protraction

• Central Bank Dealer's Range: Less than 40 pips
• Asian Range: 20-30 pips
• Pattern:
  • Market declines after 12 a.m. to 2 a.m. NY time
  • Looking for London low to form
  • Bullish move anticipated
  • Immediate decline post 12 a.m. necessary
• Filter Criteria:
  • Central Bank dealer's range > 40 pips: Not this profile
  • Asian range tight at 20-30 pips

Buy Profile: London Delayed Protraction

• Central Bank Dealer's Range: Flexible
• Directional Bias: Bullish
• Protraction Stage:
  • Starts at or after 2 a.m. NY time
  • Look for intraday discount PD array during retracement

Key Considerations

• Timing: Critical window from 12 a.m. to 3 a.m. NY time
• Directional Bias: Determined by daily chart
• Decision Making:
  • Two conditions for trading: based on buy/sell profiles
  • Judging the protraction stage as normal or delayed
• Market Situations:
  • Not every day will provide entry
  • Missing trades is a part of the process

Conclusion

• Emphasis on understanding and identifying specific criteria for London session trading
• Importance of preparation and recognizing patterns in historical charts
• Next steps involve higher time frame analysis in subsequent lessons