ICT 2024 Mentorship

Lecture #1 - Notes
Introduction:
ICT discusses how he will be outlining from A to Z how to build your
trading system and rules to follow to help you be profitable.The purpose
of the mentorship is for his son, to have everything outlined for him to
become profitable. The main takeaway is, this will cover everything you
need and more.You will need to learn how to view the markets live,

Blaze
second by second and this mentorship will teach you that.

The very first step...

1. Determine where you are mentally, do you believe you can do this, are
you unsure, what
adversities are you going through
2. Understand there is no time limit to this, you cannot put a time limit
on your learning and
profitability, this is toxic and will only lead to it taking even longer.
You need to put in the
work, until your goals are reached, period and end of story.

The Algorithm
- Price will do what it is coded to by, based on time first
- Every move in price is coded by the algorithm, and to do so at a
specific period of time
- At 8:30, the algorithm will start spooling towards liquidity or an
inefficiencies or both

Page 1 @BLAZEMMXM
Understanding the Draw on Liquidity
Where the market is drawn to and this is done by studying where price
can go, how the market
maneuvers around old highs / lows and inefficiencies, studying and
observing.

Manual Intervention
- News events like CPI, FOMC, NFP are not tradeable. This is gambling
and you will be in

Blaze
a very, very bad position. You cannot predict this manual intervention
accurately.

Starting Out
1. Focus on the 1 minute, 5 minute and 15 minute time frames. Focus on
these highs/lows
and inefficiencies for now because the market will run for these, always.
2. Studying price at specific times (EST) - this will never change.
3. Relative Equal Highs and Lows
- The market goes to places of smoothness, your relative equal highs and
lows for the purpose of running the stop loss orders resting above or
below at those areas.

Simply you are looking on the 1 minute, 5 minute and 15 minute chart
to see where is price
“smooth” and where the price is “rough”

Identifying High Probability Relative Equal Highs and Lows

- When there is a failure swing towards a high or low. When the swing
high to the right is
lower, you can anticipate them to send price up there, because shorts
feel “safe”
Page 2 @BLAZEMMXM
Example
- Note the highs / lows and the inefficiencies price is working towards
- Note the “smoothness at the top” and the roughness at the bottom”
those are your
relative equal highs above (potential draw on liquidity).
- Note below how the “damage was done” and where the stops were run,
- Later you will learn how your PD Arrays are formed after those stops
are run
- This is where and how you will begin to find your high probability pd

Blaze
array, in this case
the orderblock (change in state of delivery), your breaker block and
more. You only need one.

REQH’S

IFVG

BREAKER

STOP HUNT

Simplifying it even more...

Between 8:00 and 8:30 identify where there are “smooth” locations on
the 1 minute, 5 minute and 15 minute time frame.
- Understand it does not mean it has to go there this very moment or
session

Page 3 @BLAZEMMXM
And behold...
- The obvious smooth relative equal highs were taken
- Note how price used the inefficiencies as stepping stones
- The overall context or narrative is the important part, based on those
relative equal highs
being smooth, and lower was created rough.

Key Lessons
1. A wick can be used as a gap, the 50% level (consequent encroachment)

Blaze
should be
respected, similar to a fair value gap
2. When annotating a fair value gap correctly, you must include the
volume imbalance if it is
located at the fair value gap high or low.
3. If it is NOT the right time of day, it will NOT work time first.

Digging deeper into the time element

You are scanning for where the market is smooth and rough - look for
relative equal highs or lows.IF they are formed on both sides, wait for
one side to be turned “rough or jagged. That is your draw on liquidity.
You want to aim for relative equal highs and lows.

The Key 30 Minute Intervals

1. 7:00 to 7:30am
2. 8:00 to 8:30am
3. 9:00 to 9:30am (pre market range)

Page 4 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #2 - Notes
Introduction:
Will consolidate some of the information discussed in lecture 1 and
address some of the complications you may face

The Price Delivery Continuum

- When entering on a 1 minute chart and trying to be precise with your

Blaze
entries and stop losses (as you should be), you may miss out on moves
and not get filled, or lack precision sometimes.
- The 15 second chart can be used for this reason to look for entries
under the 1 minute time frame, using the price delivery continuum.
Although this is not needed, understand while being precise, sometimes
you will miss moves, you should be proud of this. You are trying to
minimize risk, and have precise entries, this is the correct way to trade.

Understanding the Current Framework

Avoid looking at relative equal highs or lows before 7:00am EST. This is
digging into the intricacies of the London Session, and this is out of the
scope for now.

The Framework
1. Mark out 7:00am EST with a vertical line
2. Look for relative equal highs or lows to form after 7:00am EST on the
15 minute, 5 minute and 1 minute chart.
3. Note areas that were “smooth” and made “jagged”
4. The next step is to mark the inefficiencies on those same time frame
charts

Page 5 @BLAZEMMXM
5. After seeing run on a liquidity in one direction, and relative equal
highs or lows in the opposite direction, mark “turning point”. This is
where you will be potentially scanning for entries.
6. This brings the idea of manipulation (run on stops) and then
displacement back into the range.

Look at the Range Times Discussed Earlier

1. 7:00 to 7:30
2. 8:00 to 8:30

Blaze
3. 9:00 to 9:30

This is 30 minutes of you expecting something different, a manipulation

in one direction, and then a movement in the other direction. Ideally
this forms in the way of a “stop hunt” and then delivery towards
relative equal highs or lows.

Example
- The market had a run on stops and went the other direction
- Note the inversion fair value gap (premium array)
- Note how price retraced into the premium array, and formed a
bearish fair value gap,
and relative equal lows. Look at the aggressive displacement through the
relative equal lows.
- Key: when the breaker forms, look for an inversion or a fair value gap
to overlap within the breaker. That is your sweet point entry.
- Key: Always note the “First Fair Value Gap” before the stop hunt. That
inversion fair value gap will act as a change in the state of delivery.
Stop Loss would be at the breaker high + 2 points.

Page 6 @BLAZEMMXM
 - When the delivery has shifted, note the inefficiencies that form in
the direction of the shift

Buyside liquidity

IFVG

Blaze REQL’S

Page 7 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #3 - Notes
Introduction to the New Day Opening Gap and New Week Opening Gap
(NDOG/NWOG):

New Day Opening Gap (NDOG)

- The price, or price range from previous days settlement closing price
and the next day's opening price.

Blaze
- 16:59 closing price to the 18:00 opening price (mark this price or price
range low to high)
- This is used as a “gap” and can act as a very strong draw on liquidity
- For the purpose of this mentorship has a lifespan of 5 day

New Week Opening Gap (NWOG)

- The price, or price range from previous week settlement closing price
and the next week's opening price.
- The 16:59 closing price (Friday) and 18:00 opening price (sunday) is
the NWOG.
- For the purpose of this mentorship it has a lifespan of 5 weeks.

MARKING NDOG/ NWOG

IN NEXT PAGE

Page 8 @BLAZEMMXM
Example

NDOG high

Blaze
Consequent Encroachment
- The 50% level of any “gap”, this includes
NDOG low

- Fair value gaps, volume imbalance, NDOG/NWOG, opening rage gap,

wicks
- Look at these levels in pair with NDOG / NWOG

The Power of Narrative - Why price should move

- The economic calendar
- The draw on liquidity
- Why was AM Session so choppy? There was no news, and in the PM
session we had the bond auction.
- If there is no data (medium or high impact in news in the NYAM) ,
look to trade the afternoon session (starting at 1:30).

Page 9 @BLAZEMMXM
 - Pair the NDOG / NWOG with relative equal lows highs and identify the
manipulation move and then see if price can reach those targets.
JUDAS SWING

REQH’S

NDOG high

Blaze
NDOG low

A Sample Potential Entry

- Knowing the market is predisposed to go lower with higher probability
(relative equal lows and the NDOG)
- Buystops and sellstops are the lifeblood of the marketplace, real
liquidity and why the market moves. In between all that is the
inefficiencies that the market uses.
- The fact we don't touch the CE of the FVG, is very strong bearish
confluence

Notice how it stays below CE

OB

Notice how it stays below CE

Sellside Liquidity

Page 10 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #4 - Notes
The Economic Calendar
- At the 8:30 news event, you want to wait for the data to be released
to trade.
- When there is no 8:30 news event, you can still use the teachings we
have learned because the element of time has been introduced. However
with news, they can push prices a lot more aggressively.
- Notice the choppiness and then the volatility injection at 8:30.

NDOG high
NDOG low

NDOG high
NDOG low

Blaze
8:30

NDOG high
NDOG low

Determining DOL(The draw on liquidity)

- Look at the cluster of the NDOG / NWOGs
- Look at where it is smooth and look to see it go in that direction
- Look at where it is rough and look to see it not go in that direction
- Look at where there are inefficiencies

Page 11 @BLAZEMMXM
Note the imbalance premium and the reaction off it aggressively - how
far can price go

Premium SIBI
Premium SIBI

8:30

Blaze
Premium Imbalance and Reactions:

- Imbalance Premium:
When price reaches an area of imbalance (especially if it’s in the
premium), observe how aggressively price reacts to it.

- Aggressive Reactions:
Pay attention to how far price can go after reacting off an imbalance
premium. This reaction often gives insight into the next liquidity target.

Page 12 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #5 - Notes
Studying The Asian Session
- You still must wait for time to be introduced
- Build your draw on liquidity for the asian session, 7:00pm to 9:00pm.
This is where you can use NDOG and build it around the element of
liquidity (what makes the market move)
- Diagram takeaway: note how the algorithm engineers liquidity (true
all the time)
Schematic Example:

Minor BSL

Blaze
Minor SSL

ASIAN SESSION Engineering liquidity

Initial Buyside

This is how algorithm engineers liquidity

1.It takes out a short term liquidity forming a new high / low.
2.So at this moment, Traders will be using these high / lows for their
stoploss.

Page 13 @BLAZEMMXM
Projection Targets and Measured Moves
STDV are measured moves, if the leg lower was “a move lower form 0 - 1”
you can measure a move higher by multiplying it by 2. The same move
lower can be expected higher, this is how you can use STDEV. The -1
STDEV is the measured move of low hanging fruit.

Schematic Example:

Minor BSL

Engineering liquidity
Initial Buyside

Blaze
If price made a move lower from point 0 to point 1, you can anticipate
a move higher by multiplying that distance by 2. This gives you an
expected move in the opposite direction.

Page 14 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #6 - Notes
Price Action Review - Pre Market

The Economic Calendar

- Weeks with some days heavy news and other days no heavy news
(medium or high impact), a lot of the time you can see the interest

Blaze
deferred to those days.
- If you are going to trade on the days with no news, understand there
are more opportunities for mistakes and your analysis has more room
for errors.
- You can always trade reading price action and time - understanding
where the bulk of retail traders would lose and take advantage of that.

In these no news conditions:

- Give yourself the opportunity to pay yourself, don't worry about being
right or wrong.
- Acknowledge you can be wrong
- Do not go for big home runs and minimize your risk
- You need to learn how to take profits in all trades, volatility can
always cause you to lose your transaction and be right about your idea.
It is easy to get lost with what is happening in the move and anxiety
builds up the longer you hold on the trade when first starting.
- Understand that partials pay.

Page 15 @BLAZEMMXM
ICT is not interested in trading the mondays but on NFP week the
mondays are good for trading

Fails to go above Mean Threshold

OB Mean Threshold
SMT
Bearish OB

OB

Blaze
Strength of NDOG/NWOG as a Draw on Liquidity
NDOG (New Day Opening Gap) and NWOG (New Week Opening Gap):

Page 16 @BLAZEMMXM
- These are strong areas of liquidity where price is often drawn.
- These gaps act as magnets for price action, making them important
tools for anticipating market moves.
- Even in no-news scenarios, NDOG and NWOG remain reliable
indicators for determining price direction.

Revisiting the First Fair Value Gap After 9:30 AM EST

- Fair Value Gaps (FVGs)are critical in price delivery, especially when

markets open at 9:30 AM EST.

Blaze
- The first FVG formed after the opening bell can provide strong trade
setups, often serving as a key level of support or resistance.
- Revisiting these FVGs allows traders to capitalize on the initial
volatility and displacement in the market.

Summary:

- On no-news days, focus on risk management, taking profits early, and

using the strength of NDOG/NWOG to guide your trades.
- Always be mindful of revisiting the first FVG after 9:30 AM ET, as it
often presents high-probability trade setups.

Page 17 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #7 - Notes
Economic Calendar

- Very high impact news drivers at 8:30 - NFP / PPI / CPI / PMI, you will
see the best
setups form at the silver bullet 10:00am - 11:00 am ET
- It is highly recommend by ICT to wait, these days are naturally the

Blaze
worst performing days for most traders
- Understand your strengths and weaknesses and stay true to your
model. You want to avoid putting yourself in positions where you begin
to make irrational decisions that can lead to blowing your account,
tilting or worse.

Example - PPI, not the difficult price action (Characteristics of markets

you want to avoid

- Price being in a deep premium, longs are out of question in this case.
- Given this is a PPI day, we are scouting for a potential SB setup.
- Not interested in longs, we are scaning for characteristics that tell us,
they will be sending price lower.
- Despite there being no run on sellside yet, there have been no
signatures for a reversal.
- We are not trying to pick the top, we are simply waiting for the
market to show us their hand.
- The market is continusouly punishing people to go short.

Page 18 @BLAZEMMXM
 NASDAQ 1M CHART

10:30am

Blaze
8:30am
Sellside liquidity

9:30am

Note the market structure - determining high probability conditions

1. Pretend you are bearish and paint a likely scenario to see shorts
2. Pretend you are bullish and paint a likely scenario to see longs

If you are able to paint both scenarios easily, this is a low probability.
Your best trades will be heavily favored towards the side of the market.

Page 19 @BLAZEMMXM
The Institutional Order Flow Entry Drill
1. Clear buyside or sellside delivery
2. Clear draw on liquidity and context
3. Entering on the low of a BISI or high of a SIBI - time on your side
2.5 STDV obvious DOL

IOFED

10:30am

IOFED IOFED

8:30am

Blaze
Sellside liquidity

9:30am

When you have the higher time frame charts in alignment with the
lower time frame charts, you will have the best trades because price is
always, always trading to a higher time frame level.

Page 20 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #8 - Notes
Using Wicks as a Gap
1. Long wicks can be used as a fair value gap, especially a news sick
2. You want how price is reacting off the 50% level of the wick, similar
to a fair value gap.

- Note: Is it going to respect it or inverse it aggressively.

WICK C.E. No bodies closed below

the 50% level of the wick

Blaze
A large wick can act as a draw on liquidity, particularly one formed by
news.

Observe how this wick overlaps with NDOG and fair value gaps; this
overlap can help frame your trade ideas and context.

Page 21 @BLAZEMMXM
 Blaze
The Market Maker Buy / Sell Model
- Price going up towards a poi is the buyside of the curve
- Price going down towards a level is the sellside of the curve
- The swing point of reversal is the smart money reversal
- You can use places that price used as support for liquidity run higher
as resistance for liquidity runs lower - study
- The best entries are when the PDA from buyside of curve overlap with
new pd arrays forming from the sellside of the curve
- Study the chart below
Buyside liquidity

Notice how price stays

above 50% level of FVG

D FVG LOW

Page 22 @BLAZEMMXM
The Smart Money Reversal - Studying the Turtle Soup

Turtle Soup Concept:

This involves selling above an old high and buying below an old low.

Blaze
Context is crucial to effectively implement this strategy.
Context:
Analyze the buyside and sellside of the curve to identify potential
turtle soup reversals.
Diagram:
Review the accompanying diagram for a visual representation of this
concept.

TURTLE SOUP

this wick low

is an old low

Page 23 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #9 - Notes
Price Action Review
- You want to look for signatures to support your idea
- Right now we are currently very overpriced and want to see lower
price, so we are waiting for signatures

Blaze
- Note how after taking buy-stops, we did not aggressively move lower
back into the range.
- The key signature we are waiting for is inverting the fair value gap
that was used to take out the buy- stops (this would be a change of
state in delivery)
- Instead we respected the ORG (H)
- We are simply looking for logic to frame a trade, since no signatures
formed to support our logic, we simply wait.
- We are studying how price is being held above the high

Raid

FVG

REQL’s

8:30

Page 24 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #10 - Notes
Revising the Opening Range Gap
1. ICT recommends you place quadrants into the ORG
2. ICT recommends you use the last 3 days ORGS
3. These offer very nice confluences and frameworks for a trade.
4. This is also true for the opening range from last 3 previous days, this
can also be very influential on price delivery

Blaze
5. ICT recommends you keep a notepad or separate chart to mark these
levels and see the current market structure to see what the market is
referring to and keying off of. If you kept all these levels on your chart
it will be very clustered.

Ideal Minimum Threshold for a Trade

You need to have a minimum amount you want to see, it does not
“need” to reach the target.
For example, taking 15-20 handles off a NDOG
1. 5 handles on ES
2. 15 handles on NQ (if you can see 20 points, you can likely see 15)

FVG

NDOG high
NDOG low

Page 25 @BLAZEMMXM
Framing a Trade
Rejection of NDOG
The IFVG
The SIBI
The OB
The wick
NDOG high

NDOG low

IFVG

FVG
OB

Blaze
Studying Price Action Further - The Reclaimed Fair Value Gap

Continue to study how the reclaimed fair value gap can

provide additional insights and opportunities for trading
based on price action.
Set realistic targets and thresholds for your trades, ensuring
you frame them with a clear understanding of market
conditions and key elements.
Page 26 @BLAZEMMXM
 ICT 2024 Mentorship

Blaze
Lecture #11 - Notes
Framing A Trade Idea Using What We Learned
- Sellside liquidity engaged and it can go as low as the previous NDOG
- We want to see, does it form the bullish PD Arrays around this level, or
fail to.
- Note the next diagram to frame a trade idea.

ORG high

ORG low

FVG

Sellside liquidity

Now That Price has Reached the ORG (H) What Do You Need to See?
1. Price disrespected the premium arrays higher, in order to engage the
buyside
2. Price to not closed below the ORG / NWOG (L)
3. Notice the back and forth in the next diagram - behold jackson hole
symposium event
Page 27 @BLAZEMMXM
 Buyside liquidity

ORG high

FVG

ORG low

Blaze
Sellside liquidity

What To Look For

Everytime price went down / up it failed to get footing on the PD
Arrays
Notice how we could not get above the NWOG (H) and kept working
in the ORG (could not close above ORG (H)
Nonetheless eventually we took out the buyside liquidity, but
noticed how there was a lot of room for error.
Note the final price runs towards the buyside. Study this diagram.

Page 28 @BLAZEMMXM
 Buyside liquidity

ORG high

FVG

ORG low

50% level of wick

Blaze
Sellside liquidity

Studying the Balanced Price Range

The blue box is a an inversion fair value gap, and we formed a
bullish FVG inside
Pay CLOSE attention to the balanced price range (beneath the
bullish fair value gap formed, those 4 candles are a BPR at the FVG
low because it traveled up down and up through it again. You DO
NOT want to see prices go below that balanced price range low.
Those downclose candles can also be used as a bullish orderblock.
This is one of the ways of how you can find precise stop losses via
using the m1 and 15s chart.

Page 29 @BLAZEMMXM
 vice versa for sells

BPR

Blaze
BPR Importance:
Closely monitor the balanced price range below the bullish fair
value gap, which consists of four candles. This is significant as it
indicates price traveling up, down, and up through the range again.
You do not want to see prices drop below the low of this balanced
price range.

Stop Loss Placement:

This analysis provides a way to identify precise stop losses using the 1-
minute and 15-minute charts.

Page 30 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #12 - Notes
Studying the OLHC / OHLC (How to Hold Trades Longer If You Wish)
Bullish DOL (note daily chart) - scanning for a OLHC
Study the intraday chart below for OLHC and the shown IOFED fvg
entry in the schematic example

HIGH
DAILY VOLUME IMBALANCE

Blaze
CLOSE

HIGH

CLOSE

FVG
OPEN

LOW

OPEN

LOW

Page 31 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #13 - Notes

Blaze
Running Down Equity and Partial Taking
When you are long and every short term high that is put and
broken, ideally if you CAN, you are taking a partial at that high
and - not moving your stop loss. Once you become more advanced
and know exactly what you are looking for, you can look to take
partials designed for your model.
This is called running down equity.
Note the “running down equity” right at the 50% of the volume
imbalance, even though we are anticipating it to go to the high, it
does not mean this is a false partial. It does NOT have to reach
that level, in your exact transaction or trade.
Daily Volume imbalance high

This is where you partial 50% level of volume imbalance

Daily Volume imbalance low

Blaze FVG

Page 32 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #14 - Notes
Introduction Question : Which Student / Trader Are You?

A. Focus on inefficiencies - can easily spot them, want to trade using

them and targeting them.
B. Focus on highs/lows - can easily spot key highs/lows as a potential

Blaze
draw or take profit level.

Psychology Tip
You are going to make mistakes in your trades, partials allow you to
avoid INEVITABLE mistakes.

Daily Chart Analysis

Noting the entire daily volume imbalance, rejection block and swing
high (premium arrays)

Daily volume imbalance

FVG

Sellside liquidity

Page 33 @BLAZEMMXM
 Blaze
Intraday Chart Focus
Opening range gap * 70% of the time ORG CE is hit before 10:00am
Opening range
The first fair value gap from 9:30 - 10:00 (a very special gap that
can be used throughout the entire trading day). Especially on a
ranging day - not as good on a trending day.

Blaze Opening range high FVG

ORG

Opening range low

Page 34 @BLAZEMMXM
 Jackson Hole Symposium (News Event)
This is a news event that lasts 3 days and occurs annually. During this
week, the entire week, expect a lot of overlapping, expect difficult
conditions where price goes up and down and expect deep retracements
repeatedly before reaching a draw on liquidity.
Always look to keep trades tight
Always look to take partials where you can

The Rejection Block - Formation of a Reversal

Blaze
A reversal pattern that forms at a swing high
Note the swing high (commonly known from the wick)
Note the highest body (open or close) at the swing high, that price
level (open or close) is the rejection block. Anticipate a reversal from
this level when in line with bias.
- Important key note: if price forms a rejection block and a CISD (OB),
price should NOT tap into the rejection block. If so ICT kills the trade,
as this nullifies the orderblock.
Price Action Review
1. Daily rejection block BEARISH REJECTION BLOCK
2. First fair value gap
3. Opening range gap
Note these things and
backtest

Sellside liquidity
Page 35 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #15 - Notes
Re-Visiting the Opening Range Gap (RTH Gap)
Mark out the high, low and the 4 quarters of it. You can use this to
grade willingness to move.
Mark out the opening range high / low (9:30 - 10:00, these are key
highs and lows the algorithm WILL refer to.

Blaze
Daily Price Action Review (NY Session)
Not interested in longs because of price being in a deep premium,
and expanding through Asia and London Session (longs have been
profitable)
Re-using the daily sibi / daily volume imbalance as a HTF PD Array
Draw on liquidity was ORG 50% and NDOG (we traded to the low)
Relative equal lows as trailed SL and initial sellside
Relative equal lows at terminus and final sellside liquidity

IFVG

Notice the
FVG
perfect delivery
here to the
FVG
NDOG and the
ORG low

FVG

NDOG high
NDOG low
Opening range gap low
Page 36 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #16 - Notes

Blaze
Digging Deeper into Friday’s Move
The premium arrays price were in
- Daily volume imbalance
- Mean threshold of the OB
- Daily volume imbalance high
- The daily rejection block
- The premium wick

We had fed chair Powell speaking at 10:00am

Rejection Block

Volume imbalance

Note: Because we
traded up into the
high of the VI and
rejected off, on Friday
ideally we see price not
reach there

Sellside liquidity
10:00 am

Page 37 @BLAZEMMXM
Moving Into Friday Now...

Event Horizon PD Array:

Blaze
1. Identify NDOG/NWOG above and below your anticipated price draw.
2. Mark the range from the high of the NDOG below to the low of the
NDOG above.
3. This range forms your Event Horizon.
4. Divide the range into quarters and observe price interactions.
5. Note: Avoid looking back more than 60 days (3 months of trading).

Price Movement Study:

Analyze how far price can move by studying the bodies overlapping
the NWOG and ORG Low.
NDOG High

NDOG low

Midpoint between two NDOG/NWOG

NDOG High

NDOG low

Sellside liquidity

Page 38 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #17 - Notes
Key Levels
NWOG
Discount Opening Range Gap
Being patient in this opening when things are not that clear, the

Blaze
focus of the next couple episodes is to
- Sticking / arriving to a bias
- Hurdles that you will face and how to impede them
- Identifying weaknesses in your model or trading

Simple Characteristic of An Easier NY Session

Large opening range gap - wait for more information (don't feel like
you have to get in)
- ICT suggests waiting for the opening range to begin looking for a
trade (wait for 10:00am)
- Do not force yourself to be right
- If it is moving and you are not in a trade, relax.
NDOG High
NDOG low
ORG

FVG

FVG

Sellside liquidity

Page 39 @BLAZEMMXM
The ICT Ideal FVG Delivery - These are the strongest moves
- Immediate rebalance
- Leaving a gap not completely filled
- Not trading into upper/lower 50% of a gap
An immediate rebalance is market tipping its hand to you that it is
getting ready to do something one directional

Immediate Rebalance

Blaze
Beginning to Frame a Reversal
Note the m15 imbalance - if the bodies start going above it, you can
anticipate it to support price and look for a reversal
Using the same imbalance - if the bodies displace through it, you
can anticipate it to be an IFVG and use it as “resistance”
Notice how the bodies failed to displace higher from the m15 FVG
In this instance, the reversal failed, and the continuation was
promising, however offered no entry, and that is okay, do not chase
price.
The bodies will tell you when “something has changed”

The highest order of trading inefficiencies is when you can anticipate

them not closing.

Page 40 @BLAZEMMXM
The rest of the ICT lecture discusses a lot of ways you can hinder your
progress. A lot of talk on psychology and things you want to do and
avoid.I would recommend you watch the 1h30 - the finale of this
lecture for motivation and psychology lecturing on how to improve your
journey and be efficient in your learning and emotions.

How to Avoid Blowing Your Account

If you win your first trade, you are done. Stay on the sidelines and

Blaze
close the charts if you have a bad eager to trade.

Trade with one micro when you are starting out, do not chase the
ideology of making a lot of money quick. Do not worry about what
others are doing, a lot of them are faking you.

Page 41 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #18 - Notes

Blaze
Morning Session Review
Remember 70% of the time if the gap is more than 30 handles, you
will reach 50% of the gap between 9:30 and 10:00
Note the first FVG formed - we also had taken out sellside
Notice how it spends time below the sellside - another indication of
a reversal as smart money is pairing orders long

Buyside liquidity

ORG high

FVG

IFVG

ORG low

Sellside liquidity

Page 42 @BLAZEMMXM
Understanding “Mohawk”

Blaze
This is where a trade can “color outside the lines” and still be
considered valid
You need to understand the DOL and the current market structure
surrounding your trade
Note the diagram below

Once it trades below the FVG, it

should not trade in the upper part

"Mohawk is the damage wicks do in

the upper part"

Mohawk
IFVG

FVG
FVG
FVG

Page 43 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #19 - Notes

Blaze
PDH and PDL
You can always use PDH / PDL as reference points to frame a trade,
EVEN if they have already hit those levels
They are key PD Arrays and algorithmic reference point, it does
NOT make it “useless”
Can be used for drawing on liquidity and turtle soups.

Tuesday’s Low

FVG

OB

Sellside liquidity

Study the morning session price action

Where the price is heading to mark the DOL first

And find the PD arrays to anticipate the move to the DOL

Page 44 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #20 - Notes

Targeting the Old Daily Low:

Focus on the importance of identifying the Old Daily Low as a
target, especially if it has already been run through.

Blaze
Breaker
FVG

OB

FVG

Sellside liquidity Partial (running down equity)

Tuesday’s Low (PDL)

Study Where You Can Take Partials

- Note the IOFED
- Note how we NEVER took the daily EQH level - it does not have to go
up there that is why you take partials
- Study the Entry and SL and what you could have closed in for profits
(second diagram)

Page 45 @BLAZEMMXM
 OB

OB

FVG

Blaze
Partial here (it does not need to take the low it could fail)

Entry and Stop Loss (SL):

Analyze the entry and stop loss placement, as well as potential profit
points that could have been realized.

Page 46 @BLAZEMMXM
 ICT 2024 Mentorship
Lecture #21 - Notes

Price Action Review

Opened up in deep premium
We do not want to chase price

Blaze
Deep discount ORG and large
Holiday weekend next week (difficult market)
Friday a lot of the time will work in Thursday's range or make a
slightly higher high / lower high in the week, do not trade HEAVY on
these days.
Using the old PDH/PDL as an algorithmic reference point as
discussed before, they can always be used.

FVG

OB
FVG FVG
FVG

FVG

FVG

Relative Equal lows notice the aggressive move though FVG

Ensuring the shorts cannot be closed

Tuesday’s Low

Reference Points:
Continually utilize the old PDH/PDL as algorithmic reference points,
reinforcing their relevance in your trading strategy.

Page 47 @BLAZEMMXM