Definition
"ICT Silver Bullet trade setup which is a time-based algorithmic trading model for all asset classes"
"You can get your setups there you can make your bread and butter you can make your ends meat... every single Market every single trading day will offer one of these"
Minimum Trade Framework
Index Futures or Indices
"The minimum trade framework should be 10 points or 40 ticks for index futures or indices"
Forex Pairs
"The minimum trade framework should be 15 Pips for Forex payers for Forex Traders"
Critical Framework Clarification
"This framework is the best case price delivery that you expect to see not underscore not your actual trade entry to exit range"
"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 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"
Relationship Between Index Futures and Forex
"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"
Types of Draws on Liquidity
"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"
"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"
"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"
"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"
"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"
"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"
"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"
Critical Note on Draw Selection
"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"
London Open Silver Bullet
3:00 AM - 4:00 AM
New York Local Time
"First setup time is 3:00 a.m. to 4:00 a.m. now we're always referring to New York local time"
"This is the London open Silver Bullet"
What to Look For
"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"
Entry Rules
"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"
"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"
AM Session Silver Bullet
10:00 AM - 11:00 AM
New York Local Time
"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"
"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"
PM Session Silver Bullet
2:00 PM - 3:00 PM
New York Local Time
"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"
"We traded down into a higher time frame 15minute discount fair value Gap... 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"
"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"
Critical Rules & Guidelines
New York Local Time
"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"
The 60-Minute Window
"These things are linked to a specific 60-minute interval or window in time every single trading day this pattern will form"
"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"
Pattern Formation
"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"
Market Focus
"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"
"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"
Not All Draws Will Exist
"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"
"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"
For New Students
"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"
Sufficiency Statement
"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"
Study & Review
Click each card to reveal the answer (from transcript quotes)