2022 ICT Mentorship Episode 27 - Counter Trend Ideas

Summary

The presenter analyzes a June 2022 Nasdaq chart. The subtitle renders the name unclearly as “massdeck”; no exact ticker or futures contract is specified.

The setup is a countertrend long after a sustained decline. The idea was that price might retrace toward relative equal highs around 12,553, though reaching that level was not required for the setup to be profitable.

Trade Framework and Execution

• Set the higher-timeframe draw on liquidity: Identify relative equal highs near 12,553.25 as a potential buy-side liquidity target. The presenter cites nearby highs of 12,547 and 12,553.
• Look for a reversal after sell-side liquidity is taken: On the hourly chart, price swept relative equal lows, then recovered above them. The presenter interpreted the lows as sell-side liquidity and the highs above as a possible buy-side draw.
• Use the intraday session context: On the 15-minute and five-minute charts, the presenter describes price taking the overnight London low around the 9:30 a.m. New York open, then rallying. He was unavailable for that initial move and focused on a later pullback.
• Seek an entry in discount: On the five-minute chart, he framed the range between the low and high, using equilibrium (50%) as a reference. He looked to buy at or below equilibrium, in a fair value gap (FVG) and near an order block.
• Use lower-timeframe confirmation: On the two-minute chart, he points to a displacement move and a shift in market structure as confirmation after price traded into the entry area.
• Manage the position through scaling: He says he bought 36 contracts, closed 10 during the rally, and intended to place an order to close 20 above 12,430. A platform or order-handling mistake instead closed those contracts at market; he says none of his exits were above 12,430. He later closed more and eventually exited the final contract.
• Distinguish countertrend from the preferred higher-probability approach: He presents the trade as a countertrend retracement after an extended decline, with weekend position-squaring as one possible reason for a squeeze higher. For traders seeking alignment with the early-session move, he says to apply his framework around the 8:30–9:30 a.m. window.

Backtesting and Study Process

The presenter recommends studying historical charts and annotating repeated patterns, including liquidity sweeps, FVGs, displacement, entries, and expected exits. He also advocates writing a narrative about what a trader expected to happen, arguing that repeated review can build pattern recognition. His description of this as creating “pseudo-experience” is his own teaching claim, not a performance guarantee.

Numbers and Performance Claims

• Potential liquidity level: about 12,553.25.
• Nearby cited highs: 12,547 and 12,553.
• Referenced exit level: 12,430.
• Position shown: 36 contracts.
• The presenter claims a paper-trading account grew from $100,000 to $354,000, with two consecutive losing trades. He also describes the growth as occurring over “a week or so” and later refers to results since the sixth of the month; the timing is not fully consistent in the subtitles.
• He says the example uses live, non-delayed data, but explicitly cautions that a demo result does not mean a viewer can reproduce it in a live account.

Instruments, Tools, and Disclosures

• Asset/market: Nasdaq chart; exact instrument and ticker are not stated.
• Trading instrument: Futures contracts are discussed; the contract is not identified.
• Platforms and broker references: TradingView, MT4, and AMP Futures. AMP Futures is mentioned as an example of a discount broker, with the presenter saying he is not endorsing it.
• Disclosure: The presenter says the trades shown are paper trades, presented for compliance and to illustrate execution and theory. He does not give a specific “not financial advice” disclaimer. The claimed paper performance should not be treated as evidence of achievable live returns.

Presenter/source: The Inner Circle Trader (ICT); no personal name is stated in the subtitles.

Tools and services referenced: TradingView, MT4, and AMP Futures.