Notes of $MNQ_F 3/22 #ICT for reference 9.6:1 R/R trade
Here is now my annotated chart of
MNQ1!
from 3/22 with some extra descriptions. Can only share the 15min chart here, so can' go into a lower timeframe like the 5min one on public TV ideas.
There is a 60min FVG right before market open from Overnight session 3:00AM -> 5:00AM, the grey box.
The little red triangle on the 5:00AM candle is an ITH (also “King High”, “Key High”), which is violated to the upside from the 9:00 candle (marked that with a 💡).
That is our Imbalance! = Bullish Market Structure Shift (MSS) Now we can start to dig deeper into lower time frames.
This info from here is all in the ICT videos Episode 1-5 and 12/13.
The 5min Orderblock in purple is from the lower timeframe (I cannot show this here), that is not visible in the 15min. But you could have also chosen the last red down-close candle as an entry signal on the 15min chart.
The usage of these Fib levels is shown in ICT Episode 12 for reference.
The big grey zone is the 60min FVG from above, everything else mentioned above is also there.
Red Triangle
Red 💡 for marking the Bullish MSS
Orderblock purple zone
Additonal 5min FVG, not needed
As we know from the videos, Orderblocks are the real trigger.
I don’t think I need to write more about the entry trigger, price drops into the 5min Orderblock and 🧨 explodes up.
Now, remember the Market Structure Levels from the 15min chart, they are also shown here. ICT talks about a -1.5 as profit level as ideal (Watch Episode 12! :-) ) and now watch where price trades into. 👀
Entry is right at the top of the 5min Orderblock (Watch Episode 12!), Stop gets right below the Orderblock. Profit targets up to the -1.5 level.
9.61:1 Risk/Reward -> 278 handles long, even on $MNQ this would be $556/contract, with 29 handles risk. Crazy and precise!
MNQ1!
from 3/22 with some extra descriptions. Can only share the 15min chart here, so can' go into a lower timeframe like the 5min one on public TV ideas. There is a 60min FVG right before market open from Overnight session 3:00AM -> 5:00AM, the grey box.
The little red triangle on the 5:00AM candle is an ITH (also “King High”, “Key High”), which is violated to the upside from the 9:00 candle (marked that with a 💡).
That is our Imbalance! = Bullish Market Structure Shift (MSS) Now we can start to dig deeper into lower time frames.
This info from here is all in the ICT videos Episode 1-5 and 12/13.
The 5min Orderblock in purple is from the lower timeframe (I cannot show this here), that is not visible in the 15min. But you could have also chosen the last red down-close candle as an entry signal on the 15min chart.
The usage of these Fib levels is shown in ICT Episode 12 for reference.
The big grey zone is the 60min FVG from above, everything else mentioned above is also there.
Red Triangle
Red 💡 for marking the Bullish MSS
Orderblock purple zone
Additonal 5min FVG, not needed
As we know from the videos, Orderblocks are the real trigger.
I don’t think I need to write more about the entry trigger, price drops into the 5min Orderblock and 🧨 explodes up.
Now, remember the Market Structure Levels from the 15min chart, they are also shown here. ICT talks about a -1.5 as profit level as ideal (Watch Episode 12! :-) ) and now watch where price trades into. 👀
Entry is right at the top of the 5min Orderblock (Watch Episode 12!), Stop gets right below the Orderblock. Profit targets up to the -1.5 level.
9.61:1 Risk/Reward -> 278 handles long, even on $MNQ this would be $556/contract, with 29 handles risk. Crazy and precise!
#ICT Price Action Trader