Ict Mentorship Core Content - Month 07 My Notes

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okay higher time frame sequence we've seen this slide before but now we're making
one more addition and we're
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making some additional notes as well when we're looking for shorting opportunities
we're moving from a
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monthly chart cell program it means we're looking for the market to move away from
a premium array
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and we're moving down into the lower time frame which will be the weekly chart and
we're looking for it to become
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a cell program as well so we're looking for the market to move away from its
premium arrays down into a lower time
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frame daily or watching for price to move away from its individual premium arrays
down into a
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four hour chart looking for a cell program as well moving away from its premium
raise down into a one hour chart
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where we're again looking for the market to move away from their premium arrays
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so if we look at the slide here to the right we have the monthly the weekly the
daily
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the four hour and the one hour and we're focusing on the monthly chart is we're
looking for a premium array to trade off
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of North that's going to be our point of origin from the monthly weekly daily and
four hour these time frames you're scanning
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searching and trying to determine all of the PD arrays not just premium and not
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just discount we're looking for all of them from each time frame because all of
them will give us potentially new setups
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short-term trading or one shot kill setups and also
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if we're looking for a move in this case a selling opportunity and we're framing
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it off of a monthly PD array from a premium level that means we're in basically an
overbought condition and
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we're going to be watching and expecting the price to move lower to trade down into
a weekly discount
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so if we're going to look at the monthly the weekly dealing for our own both
premium and discount basis as we've
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already talked about in previous disciplines and teachings in December and January
when we do this
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if we're bearish if we're looking for the monthly premium arrays to influence price
to go lower
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why is it important to look at the monthly weekly daily and four hour discount
arrays
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because we're looking for these arrays in the discount form to break
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we want to see them break and we want to see them continuously keep breaking until
we get down to our
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weekly discount array so for framing a monthly premium PD
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array we're expecting lower prices from a monthly level and we're trying to get
down into a
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weekly discount now it could be any one of the discount arrays whichever one
appears on the chart or
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the market that you're trading not every pair or Market has every single discount
array
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there's only a few that can exist very rarely have you ever seen more than three
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so if you focus on what you're looking for in terms of monthly down into a daily
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it gives you a very clear-cut thing to look for there's not a a plethora of things
to choose from or well there's so
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many things that could be Michael you know which level is it no it's very obvious
we're framing the market contextually
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and conceptually so it gives us a way to break down the marketplace and Define
where that market May most and obviously
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likely reach to so we're Scouting For opposing PD arrays
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from the monthly down into a weekly discount so again monthly premium level
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and we're trying to look for an opposing weekly pdra in the form of a discount
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from that monthly premium array we drop down into a weekly
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daily and four hour at every premium array for each one of those time frames
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and we're scanning for all of the premium arrays where we can take short-term
trades from as a short
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every one of those at the weekly daily and four hour if we find a level like that
we refine it all the way to the one
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hour chart our one hour chart is our executable time frame for one shot one kills
or short-term Trading
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once you have that executed what we're doing is we're aiming for that Weekly
discount PD array
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there's your cycle that's your process that's your whole uh outline if you will
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what we do with the information we learned from January and February and what we're
learning so far is we're taking all this conceptually and
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breaking it down into a user-friendly format we want a monthly premium array
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and we start there we're looking for a opposing weekly discount
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whatever that range is it may be hundreds of Pips or it could be a thousand Pips I
don't know it's going to
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be unique to each market and environment but we may have missed the real
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opportunity to trade off of that monthly premium maybe you just sat down the
insurance said oh look at this it's coming off of a monthly bearish order
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block so it's already moved away from it you can't really use that to trade off of
you just know that it's moving lower so what do you do next you drop down to
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a weekly what's the weekly premium arrays there may be one it trades up to later on
or a daily chart it may trade
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up into a daily premium array or a four hour
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one of those four time frames is going to give you a setup based on the fact that
the monthly
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premium is overbought most likely are going to trade lower and
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we're going to be looking for a lesser time frame discount array what's less than a
monthly a weekly
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we execute regardless if it's on a weekly daily or four hour premium level from a
one hour chart
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we get down to the discount on a weekly that's our objective
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throughout the time from that execution if it's a weekly or it's a monthly level
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we could potentially see multiple short-term trades form if it's from a four hour
basis you won't
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see that many charge setups form but nonetheless there's still gonna be high
probability

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