Video summary

2022 ICT Mentorship Episode 23

Main summary

Key takeaways

Finance

Finance-Focused Summary (Markets / Investing / Strategy)

The presenter walks through a trading setup for the E-mini / micro Nasdaq 100 futures (Nasdaq 100 index futures) around an FOMC event described as happening around “2 o’clock”, with key price behavior occurring post-FOMC.

Overall narrative:

  • After an initial reaction (including a shakeout/fakeout), price is expected to drop into a bearish “imbalance” / fair value gap (FVG) / order block area.
  • Then price should rally to “run” Tuesday’s highs (emphasizing run, not sweep).
  • The walkthrough includes multiple intermediate targets and example trade sequences.

Key Instruments / Tickers Mentioned

  • E-mini Nasdaq 100 index futures
  • Micro Nasdaq 100 index futures

Core Market / Price Concepts & Terms

  • Imbalance

    • Used to identify an initial “imbalance” area.
    • Price may later “stab up into the second one” (as described in the framework).

  • Fair Value Gap (FVG)

    • Includes references to a higher timeframe fair value gap and a “larger one” (noted as turquoise).

  • Order Block

    • Bearish and bullish order blocks
    • Referenced as a potential liquidity / turning zone.

  • Liquidity Pool

    • Includes buy-side and sell-side liquidity concepts.

  • Run vs. Sweep vs. Sweep-and-Reverse

    • Run Tuesday’s high: continue through and beyond the high.
    • Sweep: a brief excursion beyond the high/low followed by a reversal back into the range.

  • Fibonacci Expansion

    • Used to project objectives/targets based on a swing high/low range.

Methodology / Step-by-Step Framework

  1. Identify imbalance zones and mark where price may first move (the initial leg after FOMC).
  2. Wait for the FOMC “initial shakeout”:
    • An initial leg, a fakeout leg, then a more reliable setup.
  3. Plan a likely price path:
    • Drop into a bearish order block / imbalance region
      • described as the “end of the road for the drop” / “checkered flag” area
    • Potential interaction with liquidity (a “bull’s-eye” just below the short-term low)
    • Rally to run Tuesday’s high (not a sweep/reversal)
  4. Define trade management zones (example logic):
    • Example short entry: place the short at a highlighted level.
    • Example stop logic: stop above the most recent green candle to the left.
    • Take action when price reaches the lower target zones (order block / FVG area).
  5. Apply Fibonacci expansion:
    • Anchor using swing high to swing low.
    • For FOMC volatility, the presenter prefers using “extremes of the ranges” rather than relying only on opens/closes.
    • Evaluate whether price hits projected objectives.
  6. Track “delivery” across multiple trades:
    • The presenter mentions eight trades in the walkthrough (not all required).

Timeline, Numbers, and Target References

Timeline References

  • FOMC around “2 o’clock”
  • Initial turning/shakeout behavior described around/after ~2:30

Price Level References (Nasdaq 100 Context)

  • General referenced areas:
    • 13,100–13,400
  • Specific referenced points:
    • 13,101.50 (swing high referenced)
    • 13,437 (Fibonacci/target cited as an expected hit)
  • Tuesday’s high is repeatedly positioned as the main objective:
    • Price is expected to draw down first, then run it more meaningfully.

Outcomes / Performance Claims

The presenter claims:

  • Price did trade down into the highlighted blue shaded area.
  • Price then rallied to run Tuesday’s high.
  • The result is framed as “price delivery,” consistent with the planned sequence.
  • The move is described as algorithmic/institutional order-flow style behavior, particularly typical around high-impact events like FOMC.

Risk Management / Cautions (Explicit)

  • Strong caution against trading FOMC directly:
    • “I don’t want you… try to trade fomc or like a non-farm payroll event”
    • These are described as “very, very risky” and “extremely risky”
  • The presenter characterizes the event more as useful for hindsight study / a case study rather than as an invitation to trade it.

Disclosures / Disclaimers

  • Mentions using a demo account “for compliance reasons” for one trade example.
  • Explicit warning that trading FOMC directly is extremely risky (not “how-to” guidance).

Presenter / Source

  • Presenter: “ICT” mentor
  • Reference shown as “2022 ICT Mentorship Episode 23”
  • No personal name is provided in the subtitles/transcript summary.

Original video