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well welcome back books all right so
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we're going to be talking about my ICT
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Silver Bullet trade setup which is a
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time-based algorithmic trading model for
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all asset
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classes all right before I get into it
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uh let's discuss ticks points and Pips
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and the relationship to Forex to
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futures for an
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ICT Silver Bullet trade and the minimum
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trade framework should be 10 points or
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40 ticks for index futures or
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indices the minimum trade framework
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should be 15 Pips for Forex payers for
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Forex
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Traders now an amplification of that is
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this framework is the best case price
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delivery that you expect to see not
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underscore not your actual trade entry
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to exit range so in other words if
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everything were to be perfect and you're
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not trying to be perfect with your entry
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you're not trying to be perfect with
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your
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exit if the entirety of the move that
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you foresee is likely to unfold next in
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whatever asset class you're
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trading that range
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is the
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framework but you're going to be looking
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for a trade within that framework that
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doesn't demand you to have the highest
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degree of Entry Precision or exit
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Precision over time you'll get better
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with both of those entry and exit but
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now using a model you want to have
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something that's a little bit more
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forgiving so for index Futures if you're
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trading indices the minimum framework is
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it has to at least offer the potential
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for 10 points or 10 handles which is
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equivalent to 4 tick the same would be
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said for Forex the framework should be a
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minimum of 15 Pips for the pair you're
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trying to trade so if you can't work out
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a range
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move at least 15 Pips the trade is
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probably not high probability it would
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be better suited to be left alone and
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let it pass or look look
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elsewhere 10 handles for
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indices is the same to me as 20 Pips in
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Forex five handles for indices is the
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same to me as 10 Pips in Forex so many
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times with my tweets or comments in my
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videos and whatnot uh folks that reach
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out to me through trading view
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little messaging system they have there
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um I ignore majority of everyone that
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sends me messages trading I just get too
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many of them
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and the question keeps popping up
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recently
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is if I'm teaching predominantly
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presently at the time in 2023 in the
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YouTube mentorship which is Free by the
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way the question is if I'm looking for
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five handles of price movement in the E
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mini S&P what would that translate for
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those that are trading forx U that would
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be the equivalent of 10
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Pips if I'm looking for 10 Handles in
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indices or trading stock index features
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uh if you're a Forex Trader you would be
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looking for the equiv of 20 Pips in your
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Forex pair so that way there's the the
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relationship between the two these are
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essential Frameworks to what I
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deem high probability ICT silverbolt
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trade
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setups all right so let's talk about
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this is really the gem of this
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presentation really uh types of ICT
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Silver Bullet setups now the framework
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for many ICT Silver Bullet setups are as
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follows but they're not limited
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to previous day high or low draw on
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liquidity
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meaning yesterday's high if we're
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bullish there's going to be buy stops or
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buy side liquidity resting above that we
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would be looking for a run to previous
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day's high that expansion is the draw in
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liquidity for buy side uh vice versa if
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we are bearish we're expecting lower
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prices throughout the week and we see
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the previous days low as having sells
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side liquidity or self stops below it so
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we would look for potential setups that
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would expand down into that
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liquidity previous session highs and
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lows as draws on liquidity meaning that
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let's say you're sitting down in front
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of the charts and it's the am session in
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New York you would look at the high end
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or low of the London session that just
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passed and looked to a run on liquidity
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or retest of those old lows or
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highs previous weekly high or low as a
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draw in liquidity if we're bullish we
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would look for a run above the previous
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week's high or if we bearish we would
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look for a run below the previous week's
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low another would be returning to a
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current or old new week opening Gap so
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that would be treated as a draw on
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liquidity or an expansion away from the
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current or old new week opening Gap
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and a classic ICT optimal trade entry
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which has been for the longest time
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while doing this YouTube channel that's
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always been the classic Flagship pattern
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but now we've seen many more models and
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approaches so it can't be referred to as
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the flagship pattern anymore I think the
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fair value Gap has uh taken the throne
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there Confluence of the 2022 ICT
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mentorship YouTube model which I taught
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for free on this YouTube channel uh me
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meaning that your draw on liquidity
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could be a inefficiency above the
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marketplace when we're bullish or a
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inefficiency below the price when we're
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bearish which means that if we're
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bearish we could be aiming for a
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discount buy c b sell sign efficiency or
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some measure of fair value Gap that
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would be below current price action that
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would be your draw when bearish or if
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you're bullish you would be looking for
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a inefficiency above current price
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action which would be many times in the
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form of a civvy or sell side imbalance
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buy s def efficiency or variant of fair
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value Gap above current price action so
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you can treat that or as I mentioned all
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the previous ones above number seven
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here all of them being equally available
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in terms of probability if it is in the
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Market at the time not all of these are
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going to be a factor you there will be
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times where the previous week's High has
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already been
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rated that morning and looking at it
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again may not be the ideal scenario so
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it might require you to look at a higher
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time frame liquidity pool or
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inefficiency above price if you know if
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you're if you're bullish so I could list
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a myriad of different scenarios but I
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think this list is good enough to give
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the students of my YouTube channel a
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great deal
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of latitude so that way you can look at
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the potential for any one of these
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situations not all of them will
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exist on any given day not all of these
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will be in the charts but most days one
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of these criteria will be in play don't
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take my word before I go back through
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your price action you'll see what I'm
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saying here is in fact
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truth obviously the main emphasis is
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determining the next most likely draw in
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the price action so where is Price
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likely to go to next that's the number
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one goal for all of my students is to
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focus on that skill set first because
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all the entries and the exens and such
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that is the least important thing
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because if you don't know where price is
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trying to go to from the time you're
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sitting in looking at your charts
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whatever anoun this concept you use is
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probably going to fail
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you all right let's talk about our first
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ICT Silver Bullet setup and the time at
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which it forms now again this is a Time
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based model that means these things are
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linked to a specific 60-minute interval
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or window in time every single trading
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day this pattern will form it may not be
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in the Forex Peri that you're trading it
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may not be in the Futures Contract that
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you're trading it may not be in the
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asset that you specifically looking at
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but it does form every single
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day first setup time is 3:00 a.m. to
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4:00 a.m. now we're always referring to
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New York local time so whenever ever I'm
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referring to a specific time whether it
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be a window of time or a very specific
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time of the day you have to have your
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charts calibrated to New York local time
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wherever that is whenever that is in
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your area if we're observing daylight
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savings time then you observe Daylight
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Saving signs that way it removes all the
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uncertainty the confusion whatever it is
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in New York that local time that's what
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you're using when you're
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charting this is the London open Silver
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Bullet
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so what we're looking for is a classic
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ICT fair value Gap the form between 3:00
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a.m. and 400 a.m. New York local
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time
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the factor that which you are going to
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lean heavily on is the skill set of
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knowing where price is going to go to
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okay and it's not necessarily the bias
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you just predominantly have to consider
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where the next draw on liquidity is is
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it going to go above the marketplace for
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buy stops or trade into inefficiency
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above current price action if you're
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bullish in this case the market was
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bearish it was looking to go lower and
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there was an obvious sell-side liquidity
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pool resting below that old swing low
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and between 3:00 and 4 the market
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created a fair value
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Gap we had a shift in Market structure
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below this low here so this is your
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classic what optimal trade
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entry fair value Gap here the market
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shows the willingness to support this
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idea with the bodies staying inside that
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Gap see that now at 4:00 a.m. it does
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pump one more time just above it but
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that's fine it would have never sto you
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out with the rules I teach with all of
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my models here especially the op trade
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entry the idea for this would be to look
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for a minimum of what Market is this
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it's a Futures Contract set means does
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it offer the potential for 10 handles so
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from
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here down to here trading below this low
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not just to the low but to it and
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through it so it's it's reasonable to
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anticipate a potential run of 10 handles
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we don't require that but going short
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inside that fair value Gap the formation
00:11:23
of the ICT Silver Bullet the entry is
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taken inside of that 60-minute window
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between 3:00 a.m. and 4:00 a.m. it does
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not mean that the trade is entered and
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is
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exited in the same 60-minute window in
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other words your trade many times will
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be held over the 4:00 hour and into 5:00
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in the morning and maybe even rolling
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over into the New York session opening
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at 7 8:00 New York local time but in
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this instance we would be aiming for
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this low and the cell side liqu resting
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below it so does it offer from this
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entry here down to here at least five
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handles for you to book in
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profit it does so the framework was
00:12:09
could it get to 10 it could do 10 we
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don't require that shorting into the
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fair value Gap covering at the old
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low allows for at least five handles and
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that's what the IC Silver Bullet is this
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is my actual model for my son Cameron
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all right the second one in our
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continuing list of I Silver Bullet
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setups is the am session now this one is
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focusing on the 10:00 a.m. to 11:00 a.m.
00:12:44
always New York local time and let's
00:12:46
take a closer look at this one
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now okay so we are looking at the E mini
00:12:53
S&P once more and the idea is between
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10:00 a.m. New York local time and 11:
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a.m. we wait for when the Market's
00:13:04
bearish relative equal lows they sell
00:13:06
side resting below that we have a fair
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value Gap bearish fair value Gap it
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trades up into it between 10:00 and 11
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o' we can sell short there does it offer
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10 handles well from 4146 or thereabouts
00:13:19
to 4136 that range doesn't even get us
00:13:22
down into this low let alone below that
00:13:24
one so it obviously meets the criteria
00:13:28
of a minimum of 10 Handles in framework
00:13:31
it does not mean you're trying to get 10
00:13:33
handles it just means that it offers 10
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handles so going short here collecting
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five handles that could have been done
00:13:41
inside of the scope of that 60-minute
00:13:43
window not that you're trying to do that
00:13:45
as I mentioned briefly moments ago the
00:13:47
trade is many times held in duration
00:13:49
longer than the window that the
00:13:52
framework and entry is derived from so
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it's not a in and out within the same
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hour
00:13:59
it means that you're looking for the
00:14:01
setup to form to get you into the trade
00:14:03
within the scope of 10:00 to 11 o' near
00:14:07
y local
00:14:11
time all right and finally we have our
00:14:14
last ICT Silver Bullet here which is
00:14:16
framed on 2:00 p.m. to 300
00:14:19
p.m. New York local time and this is the
00:14:23
PM session ICT Silver Bullet
00:14:26
setup in this one here we can see that
00:14:29
we traded down into a higher time frame
00:14:31
15minute discount fair value Gap and
00:14:34
you're encouraged to go into your charts
00:14:36
and see that is in fact what we have
00:14:38
here Market trades down into it shifts
00:14:41
higher a swing has been broken to the
00:14:43
upside so we have a shift in Market
00:14:45
structure and a fair value Gap so any
00:14:48
retracements back down into that look at
00:14:50
the bodies staying inside that the Wicks
00:14:52
do the damage but the body's telling you
00:14:54
the narrative the story is told by the
00:14:56
bodies so it's telling you it's
00:14:58
respecting this body balance efficiency
00:15:00
or fair value Gap going into 2:00 we
00:15:04
rallied and we created a small little
00:15:05
fair value Gap there the market drops
00:15:07
down into that before taking out the
00:15:09
relative equal highs buy side liquidity
00:15:11
and or returning back to a premium sell
00:15:14
side and balance buy side and efficiency
00:15:15
or fair value Gap that would be above
00:15:17
the market here and here so if it's
00:15:20
going to Rally here the framework could
00:15:23
be on the optimal trade entry here and
00:15:26
taking the first fair value Gap that
00:15:27
forms inside of and reprices to between
00:15:31
2:00 and 3:00 that's happening right
00:15:34
there so from here all the way up to
00:15:38
here does that offer 10 handles yes it's
00:15:40
actually offering 12 or more so this
00:15:42
entry here is a high probability
00:15:45
condition that lends well to a run into
00:15:48
inefficiency in the
00:15:50
premium and to take bide out as well so
00:15:54
that is a very handsome run there and
00:15:56
trading between 2:00 and 3:00 now some
00:15:59
closing
00:16:01
thoughts if you're new to my channel and
00:16:04
you're seeing this you don't have enough
00:16:07
to trade this pattern so you have to
00:16:09
back test it while you're learning how
00:16:10
to reprice action and determine where
00:16:13
the next draw on liquidity is going to
00:16:14
be for the next price swing for whatever
00:16:18
asset class you're trading so don't be
00:16:21
discouraged if it seems like it's this
00:16:22
Cherry Picked and there it is because I
00:16:24
actually traded many of these types of
00:16:26
setups either with calling it out on
00:16:29
Twitter or mentioning it in passing
00:16:32
while actually doing executions and
00:16:34
recording it so these patterns these
00:16:37
things form and I called a few of them
00:16:40
real time on Twitter last week and many
00:16:42
of you much to my uh disapproval because
00:16:46
I don't like when you take the setups as
00:16:50
a trade setup signal I don't want you to
00:16:52
view it like that but many of the
00:16:54
followers on my Twitter feed actually
00:16:56
showed that they took the trade I called
00:16:58
out with using Silver Bullet so the
00:17:01
pattern works it's highly highly
00:17:03
consistent it's extremely high
00:17:05
probability when you have all these
00:17:06
factors in mind and they are present in
00:17:09
price action it gives you a rule-based
00:17:11
idea to look for a time-based model so
00:17:15
time and price is being utilized here
00:17:17
which is where the focus of my analysis
00:17:20
Concepts and teaching as a mentor
00:17:21
teaching my students how to find
00:17:22
something that repeats you can't get
00:17:24
anything better than having a specific
00:17:26
60-minute window of opportunity that
00:17:29
forms every single trading day every
00:17:31
single trading day one of these setups
00:17:33
are going to form now if you don't have
00:17:37
a plethora of markets to follow ideally
00:17:40
one or two at best while you're first
00:17:42
learning how to do it even if you grow
00:17:44
to a point of Interest where you have a
00:17:45
lot of markets that you're traing a lot
00:17:47
of pairs or a lot of Futures markets and
00:17:49
such uh you'll find that over time the
00:17:52
longer your career will be you'll your
00:17:54
list will will reduce down to one or two
00:17:56
at worst maybe three if you want to be a
00:17:58
deviant
00:17:59
but my advice is for you to be a
00:18:01
specialist try to focus on one market
00:18:03
because if you can do that one of these
00:18:07
specific ICT Silver Bullet setups will
00:18:09
form every single day meaning that if
00:18:12
you just follow One Market just one
00:18:14
market you can get your setups there you
00:18:16
can make your bread and butter you can
00:18:17
make your ends meat you'll have losing
00:18:20
trades okay it's going to happen but by
00:18:22
far and large you can do things with one
00:18:24
market and if you don't get this set up
00:18:26
in London you wait for it in the AM
00:18:28
session if you don't get it there you
00:18:29
wait for it in the PM session but every
00:18:31
single Market every single trading day
00:18:33
will offer one of these so you have to
00:18:36
be disciplined you have to focus and
00:18:38
look for these ideas to form in price
00:18:40
action and should you do that you'll
00:18:43
need to look at nothing further than
00:18:45
this you don't need to go into any other
00:18:47
models you don't need to go into any
00:18:48
other teachings you don't have to come
00:18:50
back to my YouTube channel you'll never
00:18:51
have to do any of that stuff anymore
00:18:53
because you be independently minded and
00:18:56
your analysis will be and Uniquely Yours
00:18:59
you won't have to look at external
00:19:00
sources like me or someone else to
00:19:02
provide that to you you'll trust
00:19:04
yourself which is a very empowering
00:19:05
state of mind and that's always been my
00:19:07
Target and goal with all of my students
00:19:11
so hopefully you found this one
00:19:12
insightful and until I'll talk to you
00:19:13
next time be safe
