Summary:

– ICT is live-streaming a morning Nasdaq (NQ) tape‑reading session and will ignore the FOMC minutes as likely uneventful.
– Key technical focus: a large opening‑range premium gap, a daily “suspension block” with a consequent encroachment, and the low of a shaded box (daily suspension block lower quadrant) as the primary target for the morning.
– Market context: price action has been influenced by noisy geopolitical headlines (Strait of Hormuz/ceasefire) and likely algorithmic/manipulative behavior; bodies avoiding a key line is read as bearish.
– Intraday plan: watch for fills into sell‑side liquidity pools, prefer small position size (micro contracts), take partial profits, protect stops above the wick/encroachment, and only re‑enter cautiously if conditions remain clear.
– Trading method: simple tape‑reading—focus on open/high/low/close, liquidity and price behavior on 1‑minute candles rather than complex indicators, footprint, or replay gimmicks.
– Practice advice: record live sessions (e.g., OBS), study individual candles, journal expectations and emotional triggers, paper‑trade for a minimum 6–8 weeks to build consistent directional read skill.
– Mindset emphasis: protect capital, be disciplined, avoid social‑media noise and overtrading, control fear and arrogance, and adopt slow, repeatable processes rather than seeking shortcuts.

Quiz

1. What did ICT say was the best way to learn tape reading?
A. Use market replay only
B. Trade multiple contracts immediately
C. Watch live price action and record each candle
D. Focus on footprint and level 2 data

2. What did ICT say about when a trader should start paper trading?
A. Immediately after watching one live session
B. After becoming consistently accurate for 6 to 8 weeks
C. Only after using market replay for a month
D. Only after trading a live account successfully for a year

Answer Key with Evidence

1. C
Evidence: “The fastest way you can do it. There is no faster shortcut than simply placing yourself in front in front of price action without any monetary concern”
“You need to be able to watch the open, high, low, and close form real time.”
“record your screen”

2. B
Evidence: “Any retracement needs to be kept at a a maximum of just the lower quadrant.”
“If it trades down below it here intraday, I would not want to see it trade back to that halfway point.”
“Anything climbing back above after we leave this sets the stage for a run for intraday high.”