Algorithmic macros are timed directives for market maker price algorithms to seek and take out liquidity levels and imbalances in the market. Hence looking at a chart the first task is always to identify imbalances/inefficiencies, buy-side and sell-side liquidity levels. Look at previous day's highs and lows, session highs and lows, highs and lows in the last three days and the previous week.
There are 8 macros during the trading day:
#1 London Pre-Open Macro 02:33 - 03:00 EST/EDT
#2 London Open Macro 04:03 - 04:30
#3 New York AM Macro 08:50 - 09:10
#4 London Close Macro 09:50 - 10:10
#5 London Fix Macro 10:50 - 11:10
#6 New York AM Close Macro 11:50 - 12:10
#7 New York Lunch Macro 13:10 - 13:40
#8 New York PM Close Macro 15:15 - 15:45
#4 London Close Macro 09:50 - 10:10
#5 London Fix Macro 10:50 - 11:10
#6 New York AM Close Macro 11:50 - 12:10
#7 New York Lunch Macro 13:10 - 13:40
#8 New York PM Close Macro 15:15 - 15:45
ICT Killzones and Macros in the US Dollar Index 5 minute chart.
ICT Killzones and Macros in the S&P 500 E-mini Futures 5 minute chart.
Macros focus mainly on the first 20, 30, or 40 minutes of a trading hour (22.5 Minute Cycle).
► There
are no ICT macros during the Asian Session.
► The
macro between 9:50 and 10:10 is a time window where the market maker
algorithm starts running for liquidity (look for ICT Silver Bullet setup).
► The
period between 10:50 and 11:10 marks the end of the 3rd hour of the New York AM Session, and the first 90 minutes of floor trading (90 Minute Cycle).
► The transition
from the AM session to the lunch period leads either to
consolidation, reversal or continuation (6 Hour AMDX/XAMD Cycle).
Divison of the trading day according to the Quarterly Theory:
6 Hour Sessions, 90 Minute Quarters & 22.5 Minute Micro Cycles/Quarters (EST/EDT).
Based on market structure and price action prior and during a macro, three categories can be classified:
(1.) Manipulation Macros sweep both buy-side and sell-side liquidity levels.
(2.) Expansion Macros sweep liquidity only on the buy-side OR the sell-side (trending price).
(3.) Accumulation Macros are characterized by ranging prices.
Swing highs and lows of macro intervals can act as support and resistance.
Reference:
Michael J. Huddleston (July 9, 2023) - ICT Mentorship 2023 - Algorithmic Price Delivery & Time Macros Intro. (video)
Michael J. Huddleston (June 26, 2023) - 2023 ICT Mentorship - Opening Range Gap Repricing Macro. (video)
Michael J. Huddleston (June 26, 2023) - 2023 ICT Mentorship - Opening Range Gap Repricing Macro. (video)
See also:
Darya Filipenka (2024) - ICT Algorithmic Price Delivery & Time Macros Intro.
Darya Filipenka (2024) - ICT AM NY Session A+ Setup based on Quarterly Theory.
Darya Filipenka (2024) - Quarterly Theory - London and New York AM & PM Setups.
Darya Filipenka (2024) - ICT Silver Bullet Strategy.
Darya Filipenka (2024) - Implementing Economic Calendar Events.
Darya Filipenka (2024) - ICT AM NY Session A+ Setup based on Quarterly Theory.
Darya Filipenka (2024) - Quarterly Theory - London and New York AM & PM Setups.
Darya Filipenka (2024) - ICT Silver Bullet Strategy.
Darya Filipenka (2024) - Implementing Economic Calendar Events.