<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> NFP week protocol / ICT Reading sentiment / NWOG Higher protocol / MTH gem / Significant levels of an Imbalance / ICT Stochastic strategy
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Previous week we engaged the Buyside. Now this week we reached the SIBI Low. We don't know where the next week will open. Once we cleared the Buyside the next low hanging fruit was the SIBI Low.
<aside> 🧠Gap Opening Higher Protocol:
We would look for LTF charts to start building some kind of structure that would be bullish. Every down-closed candle supporting price up, closed candles being broken to the upside, stop hunts on the downside that are showing immediate displacement to the upside after the sell side's been taken.
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Because of the uncertainty on the weekend, not knowing where we're going to open up because of the uncertainty of the week of non-farm payroll and not knowing exactly what day of Monday through Wednesday at 11 A.M the real price run is going to occur that makes it the highest probability of the trade of the week, and then after that Thursday and Friday become, well, it's a circus show, you know. Can there be a good run on Thursday and Friday? Absolutely, it can.
Mondays of NFP weeks are always a trading day. It's absolutely a trading day. Now, apart from non-farm payroll, Monday can be a day where we’re willing to not do it unless it's so obvious. We’re willing to sit on my hands and let them have Monday because Monday is going to be an accumulation day. It's going to be an accumulation of stupid Street money, retail logic.
<aside> 💎 Closing below the MTH means that its problematic for this week. Not next week or the week after. Its simply problematic to make a HH this current week. Closing below means that we already printed the High of the week.
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🧠Less frequency is a good thing, higher choice setups are the best thing, and it's good because it controls costs, that means commissions. Every time you try to trade more, it just increases the likelihood that you're going to get that eventual losing trade or series of losing trades, and you're inviting that instance because the more times that you want to get into the marketplace thinking that you got to get every tiny little fluctuation when you don't need it. If you get the bigger runs on the four-hour chart to an hourly chart, that is sufficient enough. And everybody else out there that wants to try to trade every single day, if they're completely transparent with you, they're going to show you that their hit rate, their accuracy, is far less than what you probably imagined.
There are 5 significant levels in any given imbalance: