<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> Market Efficiency paradigm / 5 handles / Mean Threshold / 9:50 - 10:10 Macro
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The DOL was 4030, which is the closing price of 14th Dec. OHLC is all you need at time elements and the understanding of that. And specific macros that the algorithm does to deliver price.
As the VI is forming live, ICT is having in mind that it will stay open. And if it goes back down there, that’s an opportunity to go add another contract.
He tries some measurements, but nothing really line up, so he will take the bulk of the volume accumulated in longs at the 4030 level.
He is looking to move SL up, but first we wanna see reaction of the VI. Look at the candle highlighted . ICT tries to add another contract as the candle is coming down to the VI.
SL is moved up after reaction from the VI.
Market efficiency paradigm: You want to be buying on down-close candles and take profits on up-close candles.
We want to see speed and distance, how fast it can through that Buyside High. We will be judging that based on its willingness to get through there.
If we look at the upper end of the FVG, we can expect price to come back and revisit that area.
Right now, its not likely to do that because we traded through the bodies of the SH. Since that happened we can feel comfortable to move our SL below the low of the candle that retraced back to the VI. SL is now at Break Even because price will not come back to the FVG. The VI should keep price at bay because there is an OB.
Price is spending too much time below the low of 9:30. We have a dealing range between the candle at 9:43 (OB) and the Buyside. It can bang around here, but we want to see it move aggressively through the Buyside. You want to see speed. Because if it just pokes above, it may come back down and retest the VI.