ICT Full Course Lecture by Jesse

Introduction

Instructor: Jesse
Background: Transitioned from losing money to making over $100,000/month as a day trader
Objective: Simplify the complex concepts of ICT (Inner Circle Trader) for day trading
Content Overview: Market structure, fair value gaps, liquidity, order blocks, breaker blocks, time and price, daily bias, Market maker models, SMT Divergence
Approach: Providing actionable and simplified strategies for trading
Note: Free educational content often sold by others.

Definition: Highs and lows in the market
Key Concept: Knowing which highs and lows to focus on
Importance: Foundation of analysis; involves identifying suitable highs and lows for effective trading decisions

Manipulation: Price movements by "smart money" to accumulate liquidity, often leading to reversals after sweeping liquidity pools
Displacement: Energetic pushes through market structure, often forming Fair Value Gaps (FVG) and indicating continuation of trend
Concept: Identify smart money movements through manipulation and displacement to align with market direction

Definition: Structure that forms with displacement and FVG
Key Idea: Not all structures are equal, focus on impulse structures for trading decisions

Definition: Three-candle formation with an expansive middle candle leaving a gap between first and third candle wicks
Importance: Shows displacement indicating market intent to continue
Strategy: Use FVG for higher probability trades, considering one-sided FVGs over inconsistent FVGs

Definition: Candles formed before price moves that can be used as levels of support/resistance
Usage: Determine critical price ranges; confirmation of displacement validates order blocks

Definition: Similar to order blocks but must close beyond liquidity; higher probability if next candle engulfs
Usage: Marks powerful trading levels; very effective when contextualized correctly

Definition: Levels before liquidity sweeps, transitioning into support/resistance
Usage: Effective when marked during volatile times and paired with FVG for higher probabilities

Concept: Each trading period involves accumulation, manipulation, and distribution phases
Strategy: Look for manipulation and distribution opportunities, avoid trading during accumulation

Focus: Key trading periods like 1:30 AM - 4:30 AM (London), 9:00 AM - 10:30 AM (New York)
Usage: Focus on key periods to capture high probability trades

Definition: Liquidity pools forming the basis for reversals
Usage: Use highs and lows of previous periods (weeks, days, sessions) as markers for high probability reversals

Definition: Expected direction for the current daily candle
Factors: Internal/External Range Liquidity, Market Maker Models, Candle Dynamics, and Higher Timeframe Alignment

Concept: Assess the weekly IRL to ERL and candle bias for aligning weekly strategy
Application: Use economic calendar to forecast volatility and plan trading days

Definition: Visualizing retracements and expansions on lower timeframes for higher probability trades
Application: Identify Market Maker Models within higher timeframe moves to confirm bias
Structure: Two consolidations indicating potential reversal and subsequent move

Components: Higher timeframe alignment, lower timeframe confirmation (market structure shift, FVG, SMT Divergence)
Confirmation: Essential for pulling the trigger after key levels and biases align

Approach: Use data to determine risk (R) based on drawdown divided by number of losses
Execution: Adjust risk dynamically based on performance, cap losses, and trim positions rather than stop to break even

Implementation: Apply the principles and strategies learned consistently for profitable trading
Community: Opportunity to join live trading community for further support and continuous learning
Resources: Free downloadable resources and continued education via the instructor's platform