How To Trade Session Liquidity

ICT Gems - Session Liquidity Framework with Opening Range Gaps and Judas Swings

New York Midnight Opening Price

0:39-1:02

"here's the brass tax of today's delivery New York opening midnight price that is this candle's opening price that's extended throughout the day the market rallies at 9:30 trades up to the buy side liquidity pool that I showed you on the 15-minute time frame inside that 15-minute fair value Gap"

"the best shorts are above the opening price at midnight New York local time"

NY Midnight Opening Price Framework Midnight 00:00 NY Midnight Opening Price 9:30 Open Buy Side Liquidity Best shorts above midnight price

Judas Swing

1:08-1:45

Definition

"all of this run here is a Judah swing a Judah swing is what I dub a false run that gets people that chase it they get offside"

Context

"so the algorithm is going to repic to a premium to some random level no to repic up to an old inefficiency and the best shorts are above the opening price at midnight New York local time the market rallies up multiple times"

Judas Swing Purpose

"a false run that gets people that chase it they get offside"

Judas Swing - False Run Midnight Opening Price 9:30 10:00 Old Inefficiency (Premium) Buy Side Liquidity FALSE RUN Chasers get offside

Session Liquidity

2:01-2:35

London Session Liquidity

"running out buy side here what kind of buy side is that London session liquidity then we have the low of the London session what is that that's the London session sell side liquidity"

The Framework

"so notice how the market at open at 9:30 rallies up sucks everybody in thinking it's going to go higher if you're bearish the best short entries are going to occur at the price not the time the price of New York opening price what time when is the Judas swing going to form at 9:30 to 10:00 that is your open opening range counterparty London session liquidity aiming for London session liquidity"

Timing: 9:30 to 10:00

"when is the Judas swing going to form at 9:30 to 10:00 that is your open opening range"

Entry Price (Not Time)

"the best short entries are going to occur at the price not the time the price of New York opening price"

Target: London Session Liquidity

"counterparty London session liquidity aiming for London session liquidity"

Session Liquidity Framework LONDON SESSION London Session Buy Side Liquidity London Session Sell Side Liquidity NEW YORK SESSION 9:30 10:00 Opening Range Rally sucks everyone in Aiming for London Sell Side

Opening Range Gap

2:38-3:28

Definition

"this is the opening range Gap okay and what you're looking at is this candle here is Friday's data and you're going to be showing this on your trading VI chart with regular trading hours needs to be toggled this price here the close is what's being shown for that candle right there so at 4:14 p.m. Friday June 23rd 2023 the closing price is 4,388 even then you you're going to wait until 9:30 in the morning New York local time when the market starts trading regular trading hours so the difference between the closing price on Friday and the opening price on the next trading day or Monday that is the opening range Gap"

Discount vs Premium Opening Range Gap

Discount Opening Range Gap

"whenever there's an opening range Gap lower than Friday's close we are opening with a discount opening range Gap"

Premium Opening Range Gap

"if we are opening with a gap that's above Friday's close we are opening with an opening range Gap premium"

Opening Range Gap - Discount vs Premium Friday's Close (4:14 PM) DISCOUNT OPENING RANGE GAP Friday OPENING RANGE GAP (Lower than Friday's close) Monday 9:30 AM PREMIUM OPENING RANGE GAP Friday OPENING RANGE GAP (Above Friday's close) Monday 9:30 AM

Two Gap Rule

4:30-5:03

"we broke down and we had two gaps here this one that's shaded in yellow and this one here so consequent encroachment I placed my stop loss just above that why did I do that because we've already proven algorithmically that we're not going higher so just Dro down even though it didn't take up that low I have to use the two rule when there's two gaps you have to factor in the higher Gap"

Stop Placement with Two Gaps

"when there's two gaps you have to factor in the higher Gap" - Place stop loss just above consequent encroachment of the higher gap

Algorithmic Confirmation

"because we've already proven algorithmically that we're not going higher"

Two Gap Rule - Stop Placement Gap 1 (Higher) Consequent Encroachment Gap 2 (Lower) STOP LOSS (Just above higher gap CE) Breakdown continues "proven algorithmically we're not going higher"

Repricing Macro

5:03-5:22

"so this is a repricing macro all of this is a Judah swing take the low to the high find equilibrium what PD array would be a discount array below 50% there is a gap here so I was looking for it to trade towards the opening range Gap and trade into a discount and I just used a imbalance there and worked below the new week opening Gap low"

Process: Low to High Equilibrium

"take the low to the high find equilibrium what PD array would be a discount array below 50%"

Target Areas

"I was looking for it to trade towards the opening range Gap and trade into a discount and I just used a imbalance there and worked below the new week opening Gap low"

Repricing Macro - Judas Swing Structure Low High 50% Equilibrium DISCOUNT ARRAY (Below 50%) Opening Range Gap Imbalance New Week Opening Gap Low Judas Swing Rally Repricing to Discount

Lunch Hour Liquidity

7:00-8:12

"so if this is New York lunch buy side liquidity okay what's the highs where's the liquidity at during the lunch hour well here's noon here so we have a high here we have a high here and we have that open range gap which is that shaded area so it makes perfect sense for it to do what reach up into half of that yellow shaded area right so that's reasonable why would it be possibly advantageous to see price do that who would be better equipped to make a trade with that idea shorts"

Lunch Hour Setup for Shorts

"so smart money can wait for the algorithm to reprice back up into half of the Shaded area or just above these relative equal highs so the algorithm runs quickly to the get to that level and then it spends time here until we get to what the 315"

Lunch Hour Liquidity Framework Noon 3:15 LUNCH HOUR Opening Range Gap Half of Gap Relative Equal Highs NY Lunch Buy Side Liquidity Runs quickly to level Spends time here Attacking Lunch Sell Side Liquidity Lunch Hour Sell Side Liquidity

Market on Close Algorithm

7:00-8:12

"until we get to what the 315 the 345 Market on close algorithm 315 to 345 boom attacking the opposing side sell side liquidity of the lunch hour"

Market on Close Time Window

"the 315 the 345 Market on close algorithm 315 to 345"

MOC Action

"boom attacking the opposing side sell side liquidity of the lunch hour"

Market on Close Algorithm (3:15 - 3:45) Noon-3:00 3:15 3:45 MARKET ON CLOSE ALGORITHM Consolidation BOOM Lunch Hour Sell Side Liquidity

One Setup for Life

8:15-8:33

"go back and watch the one trade setup for life I promise you if you listen to what I'm teaching you there this is exactly what I have been doing for years every single time I take a trade I've used the logic in that teaching that's the lesson that looking for that's the one because if you understand what I'm teaching you there you will never run out of setups"

Core Framework Reference

"this is exactly what I have been doing for years every single time I take a trade I've used the logic in that teaching"

Promise

"if you understand what I'm teaching you there you will never run out of setups"

Study & Review

Click each card to reveal the answer (direct quotes from transcript)

What is the New York Midnight Opening Price and why is it important?
"New York opening midnight price that is this candle's opening price that's extended throughout the day" and "the best shorts are above the opening price at midnight New York local time"
What is a Judas Swing?
"a Judah swing is what I dub a false run that gets people that chase it they get offside"
When does the Judas Swing form?
"when is the Judas swing going to form at 9:30 to 10:00 that is your open opening range"
What are the two types of London Session liquidity mentioned?
"London session liquidity" (buy side at the high) and "the London session sell side liquidity" (at the low of London session)
How is the Opening Range Gap defined?
"the difference between the closing price on Friday and the opening price on the next trading day or Monday that is the opening range Gap"
What is a Discount Opening Range Gap?
"whenever there's an opening range Gap lower than Friday's close we are opening with a discount opening range Gap"
What is a Premium Opening Range Gap?
"if we are opening with a gap that's above Friday's close we are opening with an opening range Gap premium"
What is the Two Gap Rule for stop placement?
"when there's two gaps you have to factor in the higher Gap" - "I placed my stop loss just above that" (the consequent encroachment of the higher gap)
What is the Repricing Macro process?
"take the low to the high find equilibrium what PD array would be a discount array below 50%" - looking for it to "trade towards the opening range Gap and trade into a discount"
Where should best short entries occur?
"the best short entries are going to occur at the price not the time the price of New York opening price"
What is the Market on Close Algorithm time window?
"the 315 the 345 Market on close algorithm 315 to 345 boom attacking the opposing side sell side liquidity of the lunch hour"
What does the algorithm do during lunch hour before MOC?
"the algorithm runs quickly to the get to that level and then it spends time here until we get to what the 315"
What is the core promise of the "One Setup for Life" teaching?
"if you understand what I'm teaching you there you will never run out of setups" and "this is exactly what I have been doing for years every single time I take a trade"
What is the target when trading session liquidity from NY open?
"counterparty London session liquidity aiming for London session liquidity" (specifically the London session sell side liquidity)
Why does price rally at 9:30 in this framework?
"the market at open at 9:30 rallies up sucks everybody in thinking it's going to go higher" - this is the Judas Swing
What does the algorithm reprice to in a bearish scenario?
"the algorithm is going to repic to a premium to some random level no to repic up to an old inefficiency"
How do you identify lunch hour buy side liquidity?
"if this is New York lunch buy side liquidity okay what's the highs where's the liquidity at during the lunch hour well here's noon here so we have a high here we have a high here"
What is reasonable price action during lunch hour?
"it makes perfect sense for it to do what reach up into half of that yellow shaded area right so that's reasonable"
Who is better equipped to trade the lunch hour repricing?
"who would be better equipped to make a trade with that idea shorts so smart money can wait for the algorithm to reprice back up"
How does smart money approach relative equal highs at lunch?
"smart money can wait for the algorithm to reprice back up into half of the Shaded area or just above these relative equal highs"