Video Summary - ICT 2024 Mentorship \ High Resistance & Low Resistance Conditions \ October 28, 2024

Finance-focused summary (markets, strategy, risk, performance)

Core idea: identify the market condition (low vs high “resistance liquidity”)

The presenter argues that trading outcomes depend heavily on whether the day behaves like:

Low resistance liquidity runs
- Fast, more “one-way” delivery toward targets
- Fewer retracements
- Easier stop management
- More ability to let price move quickly to objectives
High resistance liquidity runs
- Overlapping candlesticks
- Frequent back-and-forth price action
- More retracements / “reclaims”
- Tighter sensitivity to stop placement
- Higher risk of being stopped out prematurely even if direction is correct

Macro/economic calendar filter (timing rule)

The timing rule is centered on whether medium/high impact news drivers are present:

Monday “amateur hour” note: while Monday is called out as potentially unreliable early in the day, the real decision is based on the economic calendar.
If there is no medium/high impact news around:
- 8:30 ET
- 9:30–10:30 ET
- then the instructor favors pre-market trading (7:00–9:30 ET) rather than relying on the regular open.
If there is medium/high impact news:
- price behavior is expected to be more complex (more “manipulation/smoke screen” effects)
- low-resistance-type behavior is less likely, and overlapping/complex action is more likely

Specific day-trading instrument/market referenced

NASDAQ, typically on a 1-minute chart
Mentions 15-second / 30-second references as well
Refers to a “December contract” (ticker not explicitly provided; NASDAQ futures context implied)

Main trading framework: gap clustering → draw on liquidity → targets (time-based)

Instruments/levels referenced

The approach focuses on opening gaps and where price is likely to “draw” (reprice) to:

New week opening gaps
- Used in terms of “high” and “low,” plus midpoint/consequent encroachment
New day opening gaps
- Used similarly
Clustered levels
- When multiple consecutive gaps overlap, increasing the probability of draw/interaction
Additional concepts mentioned:
- Fair value gaps (FVGs)
- Displacement / inefficiency (e.g., “displacement leg” and “imbalance”-style language)

Key probability claim

“70%” likelihood that half of the opening gap (the midpoint / “half Gap”) is filled in the first 30 minutes.
Even if it doesn’t happen immediately, similar behavior may appear later—but the day can still be treated as high resistance if action is overlapping/complex.

Step-by-step approach (checklist)

Check the economic calendar
- On a Monday, if there is no medium/high impact driver around 8:30 ET and 9:30–10:30 ET, prefer pre-market (7:00–9:30 ET).
Map “draw on liquidity” levels
- Identify clusterings of:
  - New week opening gap highs/lows
  - New day opening gap highs/lows
- For shorts, the emphasis is often on the first “low hanging fruit” objective, typically:
  - New week opening gap high (not deeper into later gap structure)
Trade direction (bias)
- Bias comes from price action relative to the clustered gap levels and expected draw.
- Example described: if the market opens with a large gap higher, bias may shift to expecting a draw down into the gap area.
Entry trigger using inefficiency / FVG
- Look for displacement and an FVG on lower timeframes (15s/1m).
- Entry may require more conservative logic during high-resistance conditions.
Trade management
- High resistance liquidity
  - Avoid “trailing stop” approaches; overlap implies easy stop-outs
  - Stops should be tied to specific FVG candle structure
  - Lecturer discusses using candle highs and “+1 tick” style logic
- Low resistance liquidity
  - Price may be allowed to run more freely
  - Stop management can differ, and partials may be used

Risk management recommendations (explicit cautions)

Leverage reduction

Reducing leverage is repeatedly emphasized.
Avoid the highest leverage during high-resistance conditions.

Stop-loss discipline

In high-resistance environments, stop adjustments can be fatal because overlap and reclaims can hit stops easily.

Partial exits / covering costs

In favorable conditions, the lecturer emphasizes:
- covering costs quickly
- taking partials
- not demanding perfection
- recognizing that being right on direction doesn’t always prevent stop-outs in high-resistance conditions

Avoid outcome-guessing

If you catch yourself thinking “I know if I do X it will happen,” you’re effectively guessing and disconnecting from the model. Stop trading real money in that state (return to demo / reassess).

Performance framing / targets (numbers)

“Low hanging fruit” objectives for newer traders are emphasized:
- Example “starter” goal frequently framed as $100–$200 to $250
- $250 profit is used as a common realistic example
Mentions the possibility of larger NASDAQ day targets (e.g., 10 handles) as a style benchmark, but the explicit starter dollar target remains $100–$200 to $250.
Example cited:
- Matt Miller (“Trades by Matt”): described as taking over $300,000 from prop firm payouts using a simplified model (no tickers provided)
Also referenced:
- a student achieving almost $2 million (no added details)

Disclosures / disclaimers

No explicit “not financial advice” text appears in the provided subtitles.
However, the lecturer frames the material as educational/mentorship and warns against trading real money without a proper model.

Tickers / instruments explicitly mentioned

NASDAQ (treated in context as NASDAQ futures, including “December contract” language)
Bitcoin is mentioned in a social-media discussion, but no trading setup or pricing details are provided

Presenter / sources

Presenter: “ICT” / “Jonathan” (spoken as “ICT mentorship”; also addressed to “Caleb” as the son/student)
Referenced community member: Matt Miller (“Trades by Matt”)
No other named market analysts/institutions are clearly identified in the subtitles.

ICT 2024 Mentorship \ High Resistance & Low Resistance Conditions \ October 28, 2024

Key takeaways