2023 ICT Mentorship - ICT Silver Bullet Time Based Trading Model

Well, welcome back, books. All right, so we're going to be talking about my ICT Silver Bullet trade setup, which is a time-based algorithmic trading model for all asset classes. All right, before I get into it, let's discuss ticks, points, and pips.

and the relationship to Forex to futures for an ICT Silver Bullet trade and the minimum trade framework should be 10 points or 40 ticks for index futures or indices the minimum trade framework should be 15 Pips for Forex payers for

And the relationship to Forex, to futures, for an ICT Silver Bullet trade, and the minimum trade framework should be 10 points or 40 ticks for index futures or indices. The minimum trade framework should be 15 pips for Forex traders.

not trying to be perfect with your entry you're not trying to be perfect with your exit if the entirety of the move that you foresee is likely to unfold next in whatever asset class you're trading that range is the

Now, an amplification of that is this framework is the best-case price delivery that you expect to see, not your actual trade entry to exit range. So, in other words, if everything were to be perfect and you're not trying to be perfect with your entry, you're not trying to be perfect with your exit, if the entirety of the move that you foresee is likely to unfold next in whatever asset class you're trading, that range is the framework.

now using a model you want to have something that's a little bit more forgiving so for index Futures if you're trading indices the minimum framework is it has to at least offer the potential for 10 points or 10 handles which is

But you're going to be looking for a trade within that framework that doesn't demand you to have the highest degree of entry precision or exit precision. Over time, you'll get better with both of those entry and exit, but now, using a model, you want to have something that's a little bit more forgiving. So, for index futures, if you're trading indices, the minimum framework is it has to at least offer the potential for 10 points or 10 handles, which is equivalent to 4 ticks. The same would be said for Forex; the framework should be a minimum of 15 pips for the pair you're trying to trade. So, if you can't work out a range move of at least 15 pips, the trade is probably not high probability. It would be better suited to be left alone and let it pass or look elsewhere. Ten handles for indices is the same to me as 20 pips in Forex. Five handles for indices is the same to me as 10 pips in Forex. So many times, with my tweets or comments in my videos and whatnot, folks that reach out to me through TradingView's little messaging system they have there, I ignore the majority of everyone that sends me messages trading. I just get too many of them, and the question keeps popping up recently is if I'm teaching predominantly presently at the time in 2023 in the YouTube mentorship, which is free by the way, the question is if I'm looking for five handles of price movement in the E-mini S&P, what would that translate for those that are trading Forex? That would be the equivalent of 10 pips. If I'm looking for 10 handles in indices or trading stock index futures, if you're a Forex trader, you would be looking for the equivalent of 20 pips in your Forex pair. So that way, there's the relationship between the two. These are essential frameworks to what I deem high probability ICT Silver Bullet trade setups. All right, so let's talk about—this is really the gem of this presentation, really—types of ICT Silver Bullet setups. Now, the framework for many ICT Silver Bullet setups are as follows, but they're not limited to: previous day high or low draw on liquidity, meaning yesterday's high. If we're bullish, there's going to be buy stops or buy-side liquidity resting above that. We would be looking for a run to the previous day's high. That expansion is the draw in liquidity for buy side. Vice versa, if we are bearish, we're expecting lower prices throughout the week, and we see the previous day's low as having sell-side liquidity or sell stops below it. So we would look for potential setups that would expand down into that liquidity. Previous session highs and lows as draws on liquidity, meaning that let's say you're sitting down in front of the charts and it's the AM session in New York. You would look at the high end or low of the London session that just passed and look to a run on liquidity or retest of those old lows or highs. Previous weekly high or low as a draw in liquidity. If we're bullish, we would look for a run above the previous week's high, or if we're bearish, we would look for a run below the previous week's low. Another would be returning to a current or old new week opening gap. So that would be treated as a draw on liquidity or an expansion away from the current or old new week opening gap. And a classic ICT optimal trade entry, which has been for the longest time while doing this YouTube channel, that's always been the classic flagship pattern. But now we've seen many more models and approaches, so it can't be referred to as the flagship pattern anymore. I think the fair value gap has taken the throne there. Confluence of the 2022 ICT mentorship YouTube model, which I taught for free on this YouTube channel, me meaning that your draw on liquidity could be an inefficiency above the marketplace when we're bullish or an inefficiency below the price when we're bearish, which means that if we're bearish, we could be aiming for a discount buy, CB sell sign efficiency, or some measure of fair value gap that would be below current price action. That would be your draw when bearish. Or if you're bullish, you would be looking for an inefficiency above current price action, which would be many times in the form of a CIVY or sell-side imbalance, buy-side efficiency, or variant of fair value gap above current price action. So you can treat that, or as I mentioned, all the previous ones above number seven here, all of them being equally available in terms of probability if it is in the market at the time. Not all of these are going to be a factor. There will be times where the previous week's high has already been rated that morning, and looking at it again may not be the ideal scenario. So it might require you to look at a higher time frame liquidity pool or inefficiency above price if you're bullish. So I could list a myriad of different scenarios, but I think this list is good enough to give the students of my YouTube channel a great deal of latitude so that way you can look at the potential for any one of these situations. Not all of them will exist on any given day. Not all of these will be in the charts, but most days one of these criteria will be in play. Don't take my word. Before I go back through your price action, you'll see what I'm saying here is in fact truth. Obviously, the main emphasis is determining the next most likely draw in the price action. So where is price likely to go to next? That's the number one goal for all of my students: to focus on that skill set first because all the entries and the exits and such, that is the least important thing because if you don't know where price is trying to go to from the time you're sitting in looking at your charts, whatever noun this concept you use is probably going to fail you. All right, let's talk about our first ICT Silver Bullet setup and the time at which it forms. Now, again, this is a time-based model. That means these things are linked to a specific 60-minute interval or window in time. Every single trading day, this pattern will form. It may not be in the Forex pair that you're trading. It may not be in the futures contract that you're trading. It may not be in the asset that you're specifically looking at, but it does form every single day. First setup time is 3:00 a.m. to 4:00 a.m. Now, we're always referring to New York local time. So whenever I'm referring to a specific time, whether it be a window of time or a very specific time of the day, you have to have your charts calibrated to New York local time wherever that is, whenever that is in your area. If we're observing daylight savings time, then you observe daylight saving time that way. It removes all the uncertainty, the confusion, whatever it is. In New York, that local time, that's what you're using when you're charting. This is the London open Silver Bullet. So what we're looking for is a classic ICT fair value gap that forms between 3:00 a.m. and 4:00 a.m. New York local time. The factor which you are going to lean heavily on is the skill set of knowing where price is going to go to. Okay, and it's not necessarily the bias. You just predominantly have to consider where the next draw on liquidity is.

probably not high probability it would be better suited to be left alone and let it pass or look look elsewhere 10 handles for indices is the same to me as 20 Pips in Forex five handles for indices is the

same to me as 10 Pips in Forex so many times with my tweets or comments in my videos and whatnot uh folks that reach out to me through trading view little messaging system they have there um I ignore majority of everyone that

sends me messages trading I just get too many of them and the question keeps popping up recently is if I'm teaching predominantly presently at the time in 2023 in the YouTube mentorship which is Free by the way the question is if I'm looking for

five handles of price movement in the E mini S&P what would that translate for those that are trading forx U that would be the equivalent of 10 Pips if I'm looking for 10 Handles in indices or trading stock index features

uh if you're a Forex Trader you would be looking for the equiv of 20 Pips in your Forex pair so that way there's the the relationship between the two these are essential Frameworks to what I deem high probability ICT silverbolt

trade setups all right so let's talk about this is really the gem of this presentation really uh types of ICT Silver Bullet setups now the framework for many ICT Silver Bullet setups are as follows but they're not limited

to previous day high or low draw on liquidity meaning yesterday's high if we're bullish there's going to be buy stops or buy side liquidity resting above that we would be looking for a run to previous day's high that expansion is the draw in

liquidity for buy side uh vice versa if we are bearish we're expecting lower prices throughout the week and we see the previous days low as having sells side liquidity or self stops below it so we would look for potential setups that

would expand down into that liquidity previous session highs and lows as draws on liquidity meaning that let's say you're sitting down in front of the charts and it's the am session in New York you would look at the high end

or low of the London session that just passed and looked to a run on liquidity or retest of those old lows or highs previous weekly high or low as a draw in liquidity if we're bullish we would look for a run above the previous

week's high or if we bearish we would look for a run below the previous week's low another would be returning to a current or old new week opening Gap so that would be treated as a draw on liquidity or an expansion away from the

current or old new week opening Gap and a classic ICT optimal trade entry which has been for the longest time while doing this YouTube channel that's always been the classic Flagship pattern but now we've seen many more models and

approaches so it can't be referred to as the flagship pattern anymore I think the fair value Gap has uh taken the throne there Confluence of the 2022 ICT mentorship YouTube model which I taught for free on this YouTube channel uh me

meaning that your draw on liquidity could be a inefficiency above the marketplace when we're bullish or a inefficiency below the price when we're bearish which means that if we're bearish we could be aiming for a discount buy c b sell sign efficiency or

some measure of fair value Gap that would be below current price action that would be your draw when bearish or if you're bullish you would be looking for a inefficiency above current price action which would be many times in the

form of a civvy or sell side imbalance buy s def efficiency or variant of fair value Gap above current price action so you can treat that or as I mentioned all the previous ones above number seven here all of them being equally available

in terms of probability if it is in the Market at the time not all of these are going to be a factor you there will be times where the previous week's High has already been rated that morning and looking at it

again may not be the ideal scenario so it might require you to look at a higher time frame liquidity pool or inefficiency above price if you know if you're if you're bullish so I could list a myriad of different scenarios but I

think this list is good enough to give the students of my YouTube channel a great deal of latitude so that way you can look at the potential for any one of these situations not all of them will exist on any given day not all of these

will be in the charts but most days one of these criteria will be in play don't take my word before I go back through your price action you'll see what I'm saying here is in fact truth obviously the main emphasis is

determining the next most likely draw in the price action so where is Price likely to go to next that's the number one goal for all of my students is to focus on that skill set first because all the entries and the exens and such

that is the least important thing because if you don't know where price is trying to go to from the time you're sitting in looking at your charts whatever anoun this concept you use is probably going to fail you all right let's talk about our first

ICT Silver Bullet setup and the time at which it forms now again this is a Time based model that means these things are linked to a specific 60-minute interval or window in time every single trading day this pattern will form it may not be

in the Forex Peri that you're trading it may not be in the Futures Contract that you're trading it may not be in the asset that you specifically looking at but it does form every single day first setup time is 3:00 a.m. to

4:00 a.m. now we're always referring to New York local time so whenever ever I'm referring to a specific time whether it be a window of time or a very specific time of the day you have to have your

charts calibrated to New York local time wherever that is whenever that is in your area if we're observing daylight savings time then you observe Daylight Saving signs that way it removes all the uncertainty the confusion whatever it is

in New York that local time that's what you're using when you're charting this is the London open Silver Bullet so what we're looking for is a classic ICT fair value Gap the form between 3:00 a.m. and 400 a.m. New York local

time the factor that which you are going to lean heavily on is the skill set of knowing where price is going to go to okay and it's not necessarily the bias you just predominantly have to consider where the next draw on liquidity is is

it going to go above the marketplace for buy stops or trade into inefficiency above current price action if you're bullish in this case the market was bearish it was looking to go lower and there was an obvious sell-side liquidity

pool resting below that old swing low and between 3:00 and 4 the market created a fair value Gap we had a shift in Market structure below this low here so this is your classic what optimal trade entry fair value Gap here the market

shows the willingness to support this idea with the bodies staying inside that Gap see that now at 4:00 a.m. it does pump one more time just above it but that's fine it would have never sto you out with the rules I teach with all of

my models here especially the op trade entry the idea for this would be to look for a minimum of what Market is this it's a Futures Contract set means does it offer the potential for 10 handles so from

here down to here trading below this low not just to the low but to it and through it so it's it's reasonable to anticipate a potential run of 10 handles we don't require that but going short inside that fair value Gap the formation

of the ICT Silver Bullet the entry is taken inside of that 60-minute window between 3:00 a.m. and 4:00 a.m. it does not mean that the trade is entered and is exited in the same 60-minute window in other words your trade many times will

be held over the 4:00 hour and into 5:00 in the morning and maybe even rolling over into the New York session opening at 7 8:00 New York local time but in this instance we would be aiming for this low and the cell side liqu resting

below it so does it offer from this entry here down to here at least five handles for you to book in profit it does so the framework was could it get to 10 it could do 10 we don't require that shorting into the

fair value Gap covering at the old low allows for at least five handles and that's what the IC Silver Bullet is this is my actual model for my son Cameron all right the second one in our continuing list of I Silver Bullet

setups is the am session now this one is focusing on the 10:00 a.m. to 11:00 a.m.

always New York local time and let's take a closer look at this one now okay so we are looking at the E mini S&P once more and the idea is between 10:00 a.m. New York local time and 11:

a.m. we wait for when the Market's bearish relative equal lows they sell side resting below that we have a fair value Gap bearish fair value Gap it trades up into it between 10:00 and 11 o' we can sell short there does it offer

10 handles well from 4146 or thereabouts to 4136 that range doesn't even get us down into this low let alone below that one so it obviously meets the criteria of a minimum of 10 Handles in framework it does not mean you're trying to get 10

handles it just means that it offers 10 handles so going short here collecting five handles that could have been done inside of the scope of that 60-minute window not that you're trying to do that as I mentioned briefly moments ago the

trade is many times held in duration longer than the window that the framework and entry is derived from so it's not a in and out within the same hour it means that you're looking for the setup to form to get you into the trade

within the scope of 10:00 to 11 o' near y local time all right and finally we have our last ICT Silver Bullet here which is framed on 2:00 p.m. to 300 p.m. New York local time and this is the

PM session ICT Silver Bullet setup in this one here we can see that we traded down into a higher time frame 15minute discount fair value Gap and you're encouraged to go into your charts and see that is in fact what we have

here Market trades down into it shifts higher a swing has been broken to the upside so we have a shift in Market structure and a fair value Gap so any retracements back down into that look at the bodies staying inside that the Wicks

do the damage but the body's telling you the narrative the story is told by the bodies so it's telling you it's respecting this body balance efficiency or fair value Gap going into 2:00 we rallied and we created a small little

fair value Gap there the market drops down into that before taking out the relative equal highs buy side liquidity and or returning back to a premium sell side and balance buy side and efficiency or fair value Gap that would be above

the market here and here so if it's going to Rally here the framework could be on the optimal trade entry here and taking the first fair value Gap that forms inside of and reprices to between 2:00 and 3:00 that's happening right

there so from here all the way up to here does that offer 10 handles yes it's actually offering 12 or more so this entry here is a high probability condition that lends well to a run into inefficiency in the

premium and to take bide out as well so that is a very handsome run there and trading between 2:00 and 3:00 now some closing thoughts if you're new to my channel and you're seeing this you don't have enough

to trade this pattern so you have to back test it while you're learning how to reprice action and determine where the next draw on liquidity is going to be for the next price swing for whatever asset class you're trading so don't be

discouraged if it seems like it's this Cherry Picked and there it is because I actually traded many of these types of setups either with calling it out on Twitter or mentioning it in passing while actually doing executions and

recording it so these patterns these things form and I called a few of them real time on Twitter last week and many of you much to my uh disapproval because I don't like when you take the setups as

a trade setup signal I don't want you to view it like that but many of the followers on my Twitter feed actually showed that they took the trade I called out with using Silver Bullet so the pattern works it's highly highly

consistent it's extremely high probability when you have all these factors in mind and they are present in price action it gives you a rule-based idea to look for a time-based model so time and price is being utilized here

which is where the focus of my analysis Concepts and teaching as a mentor teaching my students how to find something that repeats you can't get anything better than having a specific 60-minute window of opportunity that forms every single trading day every

single trading day one of these setups are going to form now if you don't have a plethora of markets to follow ideally one or two at best while you're first learning how to do it even if you grow

to a point of Interest where you have a lot of markets that you're traing a lot of pairs or a lot of Futures markets and such uh you'll find that over time the longer your career will be you'll your

list will will reduce down to one or two at worst maybe three if you want to be a deviant but my advice is for you to be a specialist try to focus on one market because if you can do that one of these

specific ICT Silver Bullet setups will form every single day meaning that if you just follow One Market just one market you can get your setups there you can make your bread and butter you can make your ends meat you'll have losing

trades okay it's going to happen but by far and large you can do things with one market and if you don't get this set up in London you wait for it in the AM session if you don't get it there you

wait for it in the PM session but every single Market every single trading day will offer one of these so you have to be disciplined you have to focus and look for these ideas to form in price action and should you do that you'll

need to look at nothing further than this you don't need to go into any other models you don't need to go into any other teachings you don't have to come back to my YouTube channel you'll never have to do any of that stuff anymore

because you be independently minded and your analysis will be and Uniquely Yours you won't have to look at external sources like me or someone else to provide that to you you'll trust yourself which is a very empowering state of mind and that's always been my

Target and goal with all of my students so hopefully you found this one insightful and until I'll talk to you next time be safe