2023 ICT Mentorship - ICT Silver Bullet Time Based Trading Model
By The Inner Circle Trader · more summaries from this channel
This is an AI-generated summary of “2023 ICT Mentorship - ICT Silver Bullet Time Based Trading Model” — a 19 min YouTube video by The Inner Circle Trader, published May 14, 2023. It condenses the full transcript into 10 key takeaways with clickable timestamps.
Summary
This video details the ICT Silver Bullet trade setup, a time-based algorithmic trading model applicable across all asset classes, outlining specific time windows and liquidity draws for high-probability entries.
Key Points
- The ICT Silver Bullet is a time-based algorithmic trading model designed to identify high-probability trade setups across all asset classes.
- A minimum trade framework requires a potential move of 10 points (40 ticks) for index futures and 15 pips for Forex pairs, representing the best-case price delivery.
- The most crucial skill for traders is accurately determining the next most likely draw on liquidity, as this underpins the success of any entry or exit strategy.
- For conversion, 5 handles in indices is equivalent to 10 pips in Forex, and 10 handles in indices is equivalent to 20 pips in Forex.
- Key setups involve drawing on liquidity from previous day, session, or weekly highs/lows, new week opening gaps, optimal trade entries, or inefficiencies/fair value gaps.
- The first time-based setup, the London Open Silver Bullet, occurs between 3:00 AM and 4:00 AM New York local time, focusing on a classic fair value gap formation.
- The second setup, the AM Session Silver Bullet, is found between 10:00 AM and 11:00 AM New York local time, also looking for a fair value gap and a clear liquidity draw.
- While entries are within specific 60-minute windows, trades are often held longer, emphasizing the need for discipline and focusing on one or two markets to master the setup.
- The final setup, the PM Session Silver Bullet, occurs between 2:00 PM and 3:00 PM New York local time, often involving a higher time frame fair value gap and a shift in market structure.
- The ICT Silver Bullet is a highly consistent and high-probability rule-based model that forms every trading day, empowering traders to become independently minded in their analysis.
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