The meeting provided an in-depth review and practical breakdown of the TGIF (Thank God It's Friday) trading model, which is an algorithmic day-based trading strategy used on Fridays.
Key principles around weekly range analysis, Power of Three (accumulation, manipulation, distribution), and practical identification of the TGIF setup using higher and lower timeframes were covered in detail.
The strategy focuses on anticipating a price retracement of 20-30% of the weekly range on Fridays, particularly after markets reach a higher timeframe premium array.
Several models, entry techniques, and interpretation guidelines were discussed, emphasizing the need for repetition and top-down analysis.
Action Items
(none specified in the transcript)
TGIF Trading Model Overview
TGIF is a Friday-specific, algorithmic trading strategy applicable to any asset, targeting price retracement into the weekly range, generally after a sustained bullish move.
Emphasizes a "top-down" analysis—start from higher timeframes (e.g., monthly/weekly) to identify premium (overbought) or discount (oversold) arrays before drilling into intraday charts.
Central premise: After a market has trended upward all week and approached a higher timeframe premium target, look for a retracement (not necessarily a reversal) of 20-30% into the weekly range on Friday.
The retracement is typically expected during the afternoon session (especially after a bullish morning and a high set before or around 1:30-2:00 PM NY time).
Measurement of the retracement is made from the high and low of the week, using Fibonacci or percentage calculations to locate the 20% and 30% levels as likely draw points for price.
Weekly Range and Power of Three Concept
The "Power of Three" (Accumulation, Manipulation, Distribution) is used to frame market behavior across timeframes, translating to:
Accumulation below/near the weekly open
Manipulation as price moves contrary to the main weekly direction to trick participants
Distribution as price reaches the weekly high (or low) and retraces
Applies universally across timeframes; understanding where the next draw on liquidity is located is essential.
Practical Application Steps
Identify a significant premium array (e.g., monthly fair value gap) as price target from higher timeframes.
Monitor the market through the week for consistent bullish closes near the weekly high.
Expect, on Friday, after a high is established (generally by early afternoon), a retracement into the 20-30% zone of the week's range, measured from the weekly high and low.
Multiple entry models are possible:
Direct "turtle soup" reversal at the high
Wait for breakdown/structure shift and confirmation using order blocks, fair value gaps, or breaker patterns
Utilize the "ICT Silver Bullet" session between 2-3 PM for intraday entry alignment
Advised to adapt to personal model preference; no single entry method is superior as long as it fits the overall model.
Example: NASDAQ Futures, June 2023
The NASDAQ weekly chart entered a higher timeframe premium fair value gap.
Friday session created a Judas swing at the open, setting the high in the morning, then retraced down through 20-30% of the weekly range per the TGIF logic.
Multiple confirmation points and entry models were highlighted intraday (hourly, 15-min, 5-min, 1-min), all aligning with the primary TGIF principle.
Emphasis was placed on patience (waiting for high formation and time of day), flexibility in entry tactics, and strict adherence to model definitions.
Decisions
TGIF retracement model confirmed as a valid, repeatable Friday trading strategy — based on historical and real-time evidence, the model provides consistent setups when criteria are met, especially after a strong weekly directional move and premium array target.
Open Questions / Follow-Ups
None explicitly stated, but more advanced topics (e.g., time distortion, reversal extensions beyond 30%, use of gradient exits) are referenced for future sessions or covered in additional educational materials.
Attendees seeking detailed instruction on advanced concepts (like time distortion) are advised to wait for pending book releases or further lessons.