2023 ICT Mentorship - ICT Silver Bullet Time Based Trading Model
You have to frame a narrative for your trade setup, or in other words, where price will go to from the current location (you are building a bridge between point A and point B), and why it should do that. The why is very important. There are 2 reasons. To take out stops or reprice to an imbalance/inefficiency. The distance to that level should be at least 10 handles for indices. Now inside of that price leg, you are aiming to get 5 handles. This will allow you to be more flexible with your entries and exits. If you can frame 10 handles, then you have increased chances of getting 5. These are essential frameworks to “High Probability” ICT SB Setups.
Here is a list of things that can be used to frame the most important thing: Draw on Liquidity:
You can treat all of the 7 variations as Draw on Liquidity. They are all equally available in terms of probability if it is in the market at that time. They won’t be always available all of them. There might be times where PWH has already been ran in the morning. In that case you have look at HTF for Liquidity pool or Inefficiency above price if you are bullish.
💎Not all of them will exist and on any given day not all of these will be in the charts but most days one of these criteria will be in play.
The main emphasis is determining the next most likely draw in the price action. Where is the price likely to go to next. That's the number one goal. If you don’t know this, whatever analysis concept you are using will probably fail.
This is a time based model, which means that it is linked to a specific 60m interval. It does form every single day. However it may not be in the Future index contract that you trade, or in the FX pair, or in the asset that you are looking at.
We have an obvious Swing Low with Sell stops resting below. We look if it has 10 handle distance, but we aim to collect only 5 handles.