ICT T.G.I.F. (Thank God It's Friday) Setup | Darya Filipenka

Algorithmic trading is a method of executing trades using pre-programmed instructions or algorithms that automatically trigger trades based on certain conditions. It's a fascinating approach that can help traders make more precise and efficient decisions. Now, let's focus on a specific algorithmic trading model called the TGIF (Thank God It's Friday) setup. This is a day-based algorithmic trading model that can be applied to all assets. As the name suggests, this model is designed to be used on Fridays. The TGIF setup focus is on a market pullback into the current weekly range. It is particularly effective when anchored against higher time frame analysis.

» In the last portion of Friday’s trading, if it hasn't occurred yet, you can expect some retracement of the weekly range. «

Michael J. Huddleston, 2023

When using the TGIF setup it's crucial to approach from a top-down perspective. This means starting with higher time frame analysis, such as monthly or weekly charts, to get a broader view of the market's direction. In candlestick analysis, there is a concept called the ICT Power of 3. This refers to a specific pattern and distribution phase that can indicate a potential reversal or exhaustion in the market. By studying the one-month chart, you identify the weekly range and its key levels. You apply Fibonacci levels to pinpoint the sweet spot where the TGIF setup is likely to occur. You also conduct top-down analysis by examining higher time frame charts to get a broader view of the market's direction. Keep an eye out for the ICT Silver Bullet formation. 

To apply the TGIF setup, follow these steps:

1. Start by analyzing the higher time frame charts, such as monthly or weekly charts, to get a broader view of the market's direction.
2. Identify the Weekly Range Profile and its key levels, such as the High and the Low of the range.
3. Use Fibonacci levels to pinpoint sweet spot where the TGIF setup is likely to occur.
4. Look for the pullback into the weekly range.
5. Pay attention to the ICT Power of 3 pattern in candlestick analysis, which can indicate potential reversals or exhaustion.
6. Keep an eye out for the ICT Silver Bullet formation, a powerful pattern that provides valuable insights into market dynamics.
7. Combine all these analysis techniques to make informed trading decisions using the TGIF setup.

Quoted from:
Darya Filipenka (2023) - Algorithmic Trading - TGIF.

 

Michael J. Huddleston (June 19, 2023) - The TGIF Setup.

 

See also: 
Michael J. Huddleston (September 27, 2022) - ICT Mentorship Core Content - Month 07 - Defining Weekly Range Profiles. (video)

Darya Filipenka (2024) - ICT Algorithmic Price Delivery & Time Macros Intro.

Jevaunie Daye (2024) - The Quarterly Theory.
TPR (2023) - The ICT Power of 3: Accumulation - Manipulation - Distribution (AMD).
TPR (2022) - Daily Range = Accumulation + Manipulation + Expansion + Distribution (AMD).

ICT AM NY Session A+ Setup based on Quarterly Theory | Darya Filipenka

People have been asking me to share my strategy. No, I do NOT overcomplicate things. I'm simply demonstrating how straightforward it can be. My strategy is primarily based on the Power of 3 concept that you can find on @I_Am_The_ICT YouTube Channel.

 

ICT New York Morning Session A+ Setups based on Quarterly Theory:

Between 8:15 and 8:38 am (EST/EDT; during the Q3 micro cycle) look for a ICT Unicorn Setup.

I've made some additions to my trading arsenal since @traderdaye introduced the Quarterly Theory, but I've been using this setup since February 2023. I didn't have a name for it initially, but Quarterly Theory seems fitting to me.

I hope you can gain some new insights from my findings, which I've been diligently working on for almost a year. Nevertheless, the core of my strategy can be found on @traderdaye page and @I_Am_The_ICT YouTube Channel.

  

 » Time must be divided into quarters for a proper interpretation of market cycles. ‌« 

Quoted from:
Darya Filipenka a.k.a. @LumiTraders (Oct 31, 2023) - AM NY Session A+ Setup based on Quarterly Theory.

 

See also:

Jevaunie Daye a.k.a. @traderdaye (2024) - The Quarterly Theory. 

Darya Filipenka (2024) - ICT Silver Bullet Strategy.

Darya Filipenka (2024) - ICT Syllabus for Beginners - How to Study ICT on YouTube. 

Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to the Full ICT Day Trading Model.

ICT Syllabus for Beginners - How to Study ICT on YouTube | Darya Filipenka

This is my personal recommendation to study the ICT YouTube channel. I truly believe that this information is enough to understand how the ICT concepts works.  

 

 

ICT Syllabus for Beginners:

Part 1: 

1. Real Money Real Results - First Year Trading Expectations - Part 1 of 3

2. Real Money Real Results - First Year Trading Expectations - Part 2 of 3
3. Real Money Real Results - First Year Trading Expectations - Part 3 of 3

Part 2: 

1. ICT Mentorship Core Content - Month 01 - Elements Of A Trade Setup
2. ICT Mentorship Core Content - Month 02 - Growing Small Accounts
3. ICT Mentorship Core Content - Month 03 - Timeframe Selection & Defining Setups
4. ICT Mentorship Core Content - Month 04 - Interest Rate Effects On Currency Trades

 After Month 4:  

4.1. Bridge Builder - ICT Concepts Overview
4.2. ICT Mentorship 2023 - Advanced Gap Theory Introduction
4.3. ICT Mentorship 2023 - Immediate Rebalance & Institutional Order Flow 

5. ICT Mentorship Core Content - Month 05 - Quarterly Shifts & IPDA Data Ranges

6. ICT Mentorship Core Content - Month 06 - Ideal Swings Conditions For Any Market

7. ICT  Mentorship Core Content - Month 07 - Short Term Trading Using Monthly & Weekly Ranges

After Month 7: 

7.1. ICT Mentorship 2023 - T.G.I.F. Setup

8. ICT Mentorship Core Content - Month 08 - Essentials To ICT Daytrading

9. ICT Mentorship Core Content - Month 09 - The Sentiment Effect
10. ICT Mentorship Core Content - Month 10 - Commitment Of Traders
11. ICT Mentorship Core Content - Month 11 - Commodity Mega-Trades
12. ICT Mentorship Core Content - Month 12 - Long Term Top Down Analysis

Part 3: 

1. ICT Institutional Price Action - Micro-Market Structure & Time & Price Concepts
2. ICT Forex - What New Traders Should Focus On
3. ICT Charter Price Action Model 9 - One Shot One Kill
4. ICT Charter Price Action Model 9 - One Shot One Kill Trade Plan & Algorithmic Theory

Part 4: 

1. ICT Mentorship 2022 Introduction + ICT Mentorship 2023 - Algorithmic Price Delivery & Time Macros Intro
2. 2023 ICT Mentorship - Opening Range Gap Repricing Macro
3.  ICT Forex - Understanding The ICT Judas Swing
4. ICT Mentorship 2023 - Deep Dive Into Institutional Order Flow

Part 5: Market Maker Models

1. ICT Charter Price Action Model 6 - Amplified Lesson
2. ICT Charter Price Action Model 6.2 - Amplified Lesson
3. ICT Charter Price Action Model 6 - Universal Trading Model

4. ICT Charter Price Action Model 6 - Algorithmic Theory

5. ICT Charter Price Action Model 6.3 - Supplementary Lesson

6. ICT Charter Price Action Model 7 - Universal Trading Model

7. ICT Mentorship 2023 - Market Maker Models

Reference: 

Darya Filipenka (March 27, 2024) @ Twitter/X

Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to the Full ICT Day Trading Model. 

2016 Premium ICT Mentorship - Core Content Lectures + 2016 Premium ICT Mentorship - Core Content Notes
ICT Forex - Market Maker Primer Course
ICT Market Maker Forex Series
2022 ICT Mentorship + 2022 ICT Mentorship - Notes | Dan Dowd
2023 ICT Mentorship + 2023 ICT Mentorship Gems | Sir Pickle

ICT Algorithmic Price Delivery & Time Macros Intro | Darya Filipenka

Algorithmic macros are short lists of directives that trading algorithms follow to seek out liquidity and inefficiencies in the market. These macros are like a fishing rod, casting out into the market to identify and capture opportunities. These price action segments typically occur in 20 minute intervals. They involve a set of instructions that algorithms use to search for liquidity or market inefficiencies. They focus mainly on the first 20, 30, or 40 minutes of the trading hour, which starts at 9:30 EST/EDT.

The macro between 9:50 and 10:10 am is a time window where the algorithm starts its run for liquidity. One important aspect to note is the role of macros or specific time windows in the market. These macros provide us with valuable insights into when the market is likely to exhibit certain behaviors, such as running for liquidity or inefficiency.

The period between 10:50 am and 11:10 am marks the end of the 10:00 am to 11:00 em hour, which ls the first 90 minutes of trading. This transition from the morning session to the New York lunch period often leads to consolidation or a reversal in the market. Traders can anticipate this consolidation of reversal and adjust their trading strategies accordingly.

To effectively utilize algorithmic macros, traders need to analyze the daily chart and identify key levels (Order Block (OB), Breaker Block (BB), Fair Value Gap (FVG), etc.). In the given context, the ICT mentions a daily bullish order block. This order block consists of the high, the wick, and the opening of the daily propulsion block. Additionally, the ICT highlights the importance of fair value gaps within order blocks. These gaps represent areas of inefficiency or liquidity in the market.

In the world of trading. there are certain events that have a significant impact on market performance. One such event is the non-farm Payroll release. This event, which occurs on a monthly basic, provides crucial data on the number of jobs added or lost in the United States, excluding the farming industry. The non-farm payroll release is closely watched by traders and investors as it provides insights into the strength of the economy and can potentially move the markets. When the data is released, it often triggers orally or a decline in prices, depending on whether the numbers are better or worse than expected. During a non-farm payroll event, we can observe & specific pattern in price action. The market typically experiences sn initial rally, followed by s retracement or a drop to take out stops. This retracement is a strategic move to shake out traders who entered the market based on the initial rally. After the retracement, the market often resumes its upward trajectory.

 

Reference: 

Darya Filipenka @ Twitter/X

 Darya Filipenka (2023) - The Quarterly Theory.

Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to the Full ICT Day Trading Model.

Michael J. Huddleston (2023) - 2023 ICT Mentorship (videos)

ICT Mentorship 2023 - Algorithmic Price Delivery & Time Macros Intro. (video)

Darya Filipenka (2023) - ICT Mentorship 2023 - One Trading Setup For Life.

Aviona Forex (2023) - ICT Mentorship 2023 Summary (video)
SirPickle (2023) - 2023 ICT Mentorship Gems.

ICT Market Maker Buy Model and Sell Model (MMXM) | Darya Filipenka

These six videos of the ICT Market Maker Buy Model (MMBM) and Sell Model (MMSM) series on @I_Am_The_ICT / YouTube Channel is all you need to understand the market:

 

 

1. ICT Charter Price Action Model 6 - Amplified Lesson

2. ICT Charter Price Action Model 6 - Algorithmic Theory

3. ICT Charter Price Action Model 6 - Universal Trading Model 

4. ICT Charter Price Action Model 6.2 - Amplified Lesson 

5. ICT Charter Price Action Model 6.3 - Supplementary Lesson

6. ICT Mentorship 2023 - Market Maker Models

 

 

 The ICT Market Maker Buy and Sell Model (MMXM) pairs very well with the ICT Advanced Market Structure.

 

Reference: 

Darya Filipenka @ Twitter/X

Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to the Full ICT Day Trading Model.

ICT Daily and Intraday Bias | Darya Filipenka

Determining the daily bias in trading is not about establishing a preconceived bias before the market commences trading, as this approach can often prove to be inaccurate. Instead, it relies on experience and adherence to specific rules. For example, being bullish doesn't mean buying every day, and being bearish doesn't mean selling every day. Traders should wait for specific conditions to meet their expectations, such as discount arrays for bullish trades and premium arrays tor bearish trades, during specific times of the day. 

 

Furthermore, the economic calendar can be effectively employed alongside the daily chart to foresee potential manipulation linked to high-impact news catalysts. Ultimately, determining the daily bias demands the amalgamation of diverse insights acquired through mentorship and hands-on experience. One of the key factors in determining daily and intraday bias is the previous day's high and low. These levels act as reference points that help traders gauge the strength of the current trend and anticipate potential price movements.

To recognize bias, we must identify what order flow is currently being respected. In bullish markets, we expect discount arrays to support price, while in bearish markets we see resistance from premium arrays. Recognizing a change in the state of delivery of price will be important when timing reversals. 

 

It is vital to keep in mind that the daily bias is not a fixed concept. The market's bias can change over the course of the day due to factors like news events, economic data, or geopolitical influences. Traders must remain flexible and modify their strategies accordingly.

Reference:

Darya Filipenka @ Twitter/X.

Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to the Full ICT Day Trading Model. 

Michael J. Huddleston (2018) - ICT Daily Bias. (video)

ICT Advanced Market Structure | Darya Filipenka

ICT market structure refers to the way the market behaves and shifts based on various factors such as institutional order flow, imbalances, and key levels. It is represented in a series of either higher lows and higher highs = bullish, or series of lower highs and lower lows = bearish, and the actual turning points that include highs and lows within it (intermediate highs and lows). 

 

The market trades in a generic pattern or rhythm and it is easy to read if one is aware of the basic structure price tends to move in.

1. Generally, the market trades from short term low (STL) to short term high (STH) back to a new short-term tow (STL). As these STL’s and STH's form, they will develop a 'market structure' of price action.
2. Any short term low (STL) that has higher short-term lows (STL) on both sides of it is considered an Intermediate term low (ITL).
3. Any short term high (STH) that has lower short-term highs (STH) on both sides of it is considered an intermediate term high (ITH).
4. Any Intermediate term low (ITL) that has higher intermediate term lows (ITL) on both sides of it is considered long term low (LTL).
5. Any Intermediate term high (ITH) that has lower intermediate term highs (ITH) on both sides of it is considered long term high (LTH).

The highest time frame will act as a Long-Term Perspective. This time frame will show you Higher Time Frame (HTF) Levels which will offer Trade Setup Opportunities. Trade ideas will be built upon levels derived from the HTF.
 

The mid-level time frame will act as an Intermediate-Term Perspective. Following the Trade Setup Opportunity found on the HTF, the mid-level will give you more definition in terms of structure based on that HTF Level. Managing trades will be done via a mid-level time frame.
 

The lowest time frame will act as a Short-Term Perspective. Following the Trade Setup Opportunity found on the HTF and insights given with the mid-level. The Short-Term Perspective will give you even more definition in terms of structure. Timing trades with entries will be done via the lowest time frame.

 

ICT Advanced Market Structure pairs very well with the ICT Market Maker Buy Model and Sell Model.

 

(Source)

 

Reference:

Darya Filipenka @ Twitter/X.

Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to the Full ICT Day Trading Model. 

Michael J. Huddleston (2019) - Essentials to ICT Market Structure. (video)

ICT Deep Dive Into Institutional Order Flow | Darya Filipenka

 

Institutional order flow refers to the way large institutions and banks interact with the market, either as buyers or sellers, to achieve their intended purpose. This can involve taking participants out of the market or drawing them in as counter-parties to their trades. Institutional order flow is not visible on volume profile analysis, depth of market, ladder, or level 2 data, as these can be spoofed. Instead, it can be identified through price action and understanding how price is being delivered in the market.

Reference:

Darya Filipenka @ Twitter/X.

Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to the Full ICT Day Trading Model. 

Michael J. Huddleston (2023) - ICT Mentorship 2023 - Deep Dive Into Institutional Order Flow. (video)

Turtle Soup Day In Day Out │ Max Singh

The Turtle Soup trading strategy was developed by Linda Bradford-Raschke and published in her 1996 book Street Smarts: High Probability Short-Term Trading Strategies. 

 

The strategy’s name is a reference to a well-known strategy called Turtle trading, taught by Richard Dennis and William Eckhardt in the 1980s to a group of novice traders called the 'Turtles'. 

 

 

Linda Bradford-Raschke inverted the reasoning behind the original Turtle strategy in order to develop a short-term trading method using false breakout reversals at key levels. The strategy can be used on 1 hour, 4 hour or daily charts. The method is simple but requires understanding of order flow and market structure. 

 

Reference:

Linda Bradford Raschke & Laurence A. Connors (1996) - Street Smarts: High Probability Short-Term Trading Strategies.

 Max Singh (2019) - The Turtle Soup Trading Strategy. (video)

 

Implementing Economic Calendar Events | Darya Filipenka

 

One of the primary reasons for studying the economic calendar is to anticipate and manage potential volatility in the markets. Economic events can have a profound impact on market sentiment and can cause significant price fluctuations. For example, an unexpected interest rate hike by the Central Bank can lead to a sharp sell-off in the stock market, while positive economic data can boost investor confidence and drive prices higher. The focus should be on High Impact and Medium Impact News Events.

Reference:

 Darya Filipenka (2023) - Unlocking Success in ICT 2022 Mentorship: The Smart Money Guide to The Full ICT Day Trading Model. 

Darya Filipenka @ Twitter/X.

Michael J. Huddleston (2022) - The ICT 2022 Mentorship Trading Strategy.

David Hickson (Feb 05, 2024) - News Events & Financial Markets. 

 

Best Economic News Calendar.