https://www.youtube.com/watch?v=0LhteuLVuDU

Summary:

– This is the first of eight ICT mentorship tutorials (September 2016) on the “elements of a trade setup.” It teaches how to build a repeatable trading framework by combining market context with institutional order-flow tools.
– Two primary concerns: (1) the market context/condition and (2) specific institutional reference points (tools) to apply in that context.
– Four market conditions (only one applies at a time): expansion (impulse/trend), retracement (pullback), reversal (change of direction), and consolidation (range/equilibrium).
– Four ICT order-flow tools tied to those conditions: order blocks (paired with expansion), fair value gaps / liquidity voids (retracements), liquidity pools / stop runs (reversals), and equilibrium (consolidation).
– Markets are largely driven by interbank/algorithmic price delivery. Price starts in consolidation, then expands (impulse), then may retrace, reverse, or consolidate again. Each phase leaves “fingerprints” you can learn to read.
– Practical rules: don’t chase price; identify the current condition, apply the matching tool (e.g., wait for price to return to an order block after an expansion), and wait for confirmation (impulse or retracement). Use simple aids like Fib midpoint to find equilibrium.
– Learning path: study examples on historical charts, focus on mastering one characteristic first to develop consistency, and supplement this course with the free prerequisite tutorials (Market Maker series, Precision Trading Concepts, Sniper series).
– Goal: provide a clear framework to anticipate price, select the right tool for the market condition, and build consistent trade setups through practice.