ICT 2024 Mentorship Lecture 1 Notes — 08:30 AM NY Model + Free PDF Download

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Welcome to the first lecture notes of the ICT 2024 Mentorship Program. In this mentorship, we are shifting the focus from just observing price movements to understanding the critical element of time. It is not merely about where price is moving — but more importantly, when it moves.

This approach helps us identify the precise moments when market shifts occur, allowing us to harness the power of time in our trading strategies. In this course, you will learn a real, tradeable model based on the timing of price actions, providing a more refined and actionable perspective on market dynamics.

Below are my full Lecture 1 notes — covering the key concept definitions, the three timeframes, the post-08:30 AM New York model, the bullish and bearish scenarios, and the free PDF download.

Lecture 1 Quick Summary

The ICT 2024 Mentorship Lecture 1 introduces the time-based mentorship model. The session begins with the trader at the screen by 08:00 AM New York local time and focuses on price delivery after 08:30 AM. Three timeframes are used: 15-minute (bias and draw-on-liquidity), 5-minute (structure context) and 1-minute (entry trigger). The bias is built around relative equal highs/lows, the entry comes from a Market Structure Shift after the liquidity raid, and the trade is taken from a PD array — order block, breaker or fair value gap (BISI/SIBI) — left behind by the displacement.

Key Elements (Definitions)

(I) Relative Equal High : is a high having a lower swing high on the right side of it, formed because of a swing failure and a potential reversal.

(II) Relative Equal Low : is a low having a higher swing low on the right side of it, formed because of a swing failure and a potential reversal.

(III) Displacement : is a move against a pre-session, pre-day or pre-price swing — so it is a counter move.

(IV) ICT Order Block : is the zone or area in a price chart where a large number of orders are executed by institutional traders in the market and price shows a sudden, strong move from that area.

(V) Breaker Block : is when price sweeps the liquidity of a low or relative equal lows by dropping below the low and then it goes up breaking the previous swing high. All the up-closed candles formed before dropping down and sweeping the liquidity are the bullish breaker block, but the most sensitive one is the last up-closed candlestick.

A bearish breaker block is when price sweeps the liquidity of a high or relative equal highs by going above them and then it drops down breaking the previous swing low. All the down-closed candles formed before moving up and sweeping the liquidity are the bearish breaker block, but the most sensitive one is the last down-closed candlestick.

(VI) SIBI : is a down-closed ICT Fair Value Gap.

(VII) BISI : is an up-closed ICT Fair Value Gap.

(VIII) NWOG : New Week Opening Gap is the gap between Friday’s closing price and Sunday’s opening price.

Key Timeframes for ICT 2024 Mentorship

Michael said if you are new to his concepts or new to trading then focus only on three timeframes and forget everything else.

(I) 15 Minutes

(II) 5 Minutes

(III) 1 Minute

Key Time of the Day

In this lecture of the ICT 2024 mentorship, Michael only focuses on post 08:30 AM, but preferably you should sit at your screen before 08:00 AM (New York local time).

Application in the Market

According to ICT 2024 mentorship lecture 1, you have to sit at your computer before 08:30 AM (New York local time), preferably at 08:00 AM (New York local time).

You only have to focus on three timeframes — 15 Minutes, 5 Minutes and 1 Minute.

The 15-minute chart is your bias and parent chart, where you look for levels like inefficiencies and draw on liquidity.

After 08:00 AM you look for relative equal highs or relative equal lows on the 1-minute timeframe.

After the formation of relative equal highs/lows, wait for price to grab those relative equal highs/lows.

(I) Bearish Scenario

If price forms and grabs the relative equal highs then wait for price to return back to range and close below the swing low (Market Structure Shift).

After grabbing the liquidity of relative equal highs, if price returns back and closes below the swing low, mark the bearish order block, the SIBI formed in the dropping move and the bearish breaker block formed after breaking the swing low.

When price retraces to the order block, the SIBI or the breaker you can execute a sell trade at one of these PD-arrays — targeting the next draw on liquidity like relative equal lows or the low of the previous session.

Your stop loss will be above the high formed post 08:30 AM.

(II) Bullish Scenario

If price forms and grabs the relative equal lows then wait for price to return back to range and close above the swing high (Market Structure Shift).

After grabbing the liquidity of relative equal lows, if price returns back and closes above the swing high, mark the bullish order block, the BISI formed in the rising move and the bullish breaker block formed after breaking the swing high.

When price retraces to the order block, the BISI or the bullish breaker you can execute a buy trade at one of these PD-arrays — targeting the next draw on liquidity like relative equal highs or the high of the previous session.

Your stop loss will be below the low formed post 08:30 AM.

Step-by-Step Lecture 1 Trade Flow

This is the exact sequence Michael Huddleston walks through in Lecture 1, condensed into a checklist you can run before every NY session.

1. Sit down before 08:00 AM NY time. The setup is built between 08:00 and 08:30 AM, so you have to be at the screen for the build-up.
2. 15-minute parent chart. Mark inefficiencies (FVGs) and draw-on-liquidity above and below price.
3. 1-minute trigger chart. Watch for relative equal highs (bearish setup) or relative equal lows (bullish setup) to form.
4. Wait for the raid post-08:30 AM. Price must take out the relative equal level after 08:30.
5. Wait for the MSS. A clean close below the prior swing low (bearish) or above the prior swing high (bullish) confirms the shift.
6. Mark the PD array. Order block, BISI/SIBI fair value gap, or breaker block left behind by the displacement.
7. Enter on the retest. Take the trade when price retraces back into the PD array.
8. Set the stop. Above the high formed post-08:30 AM (shorts) or below the low formed post-08:30 AM (longs).
9. Take profit at the next draw. Relative equal lows / previous session low (bearish) or relative equal highs / previous session high (bullish).

Best Markets for the Lecture 1 Model

The model is built on the New York AM open, so it works best on instruments that are most active during this window.

• NQ (NASDAQ futures) and ES (S&P 500 futures) — the cleanest 1-minute precision because the NYSE open at 09:30 ET amplifies the 08:30 setup.
• GBP/USD and EUR/USD — strong overlap of the late London session and the NY open.
• XAU/USD (Gold) — delivers clean displacement at 08:30 around US economic releases.

For traders in the United States who follow the CFTC FIFO and no-hedge rules, NQ and ES on the 1-minute chart are the most natural fit for this Lecture 1 model. The 08:30 AM ET pivot aligns directly with US futures and CME Group instruments — the model was built around this clock.

Common Mistakes on the Lecture 1 Model

These are the recurring mistakes I see when traders first try to apply the Lecture 1 framework.

1. Pre-positioning before 08:30 AM. The post-08:30 sweep is the trigger. Entries before 08:30 front-run the setup.
2. Skipping the MSS. The market structure shift is the confirmation step. Entering on the raid alone leads to chop entries.
3. Trading without 15-minute context. The bias and the draw-on-liquidity must come from the 15-minute chart. The 1-minute is only the trigger.
4. Wrong PD array. The first PD array tagged after the MSS is the cleanest entry. Waiting for the deepest retracement often misses the trade.
5. Stop too tight. The stop must sit above/below the entire range formed post-08:30 AM — not just at the MSS swing.

ICT Mentorship 2024 Lecture 1 Notes PDF Download

You can download below ICT mentorship 2024 lecture 1 notes in PDF for free. This PDF is sponsored by ICTPDF.COM.

To learn the complete ICT Trading strategy step by step, you can buy the ICT Trading PDF eBook on ICTPDF.COM.

Continue with the ICT 2024 Mentorship Series

This is Lecture 1 of the ICT 2024 Mentorship. The complete notes series is published lecture-by-lecture on the site.

• ICT 2024 Mentorship Lecture 2 Notes
• ICT 2024 Mentorship Lecture 3 Notes
• ICT 2024 Mentorship Lecture 4 Notes
• ICT 2024 Mentorship Lecture 5 Notes

FAQs about ICT 2024 Mentorship Lecture 1

Brief answers to the questions readers ask most often about the Lecture 1 notes.

What does the ICT 2024 Mentorship Lecture 1 cover?

Lecture 1 introduces the time-based mentorship model, defines the key elements (relative equal highs/lows, displacement, order block, breaker block, BISI, SIBI and NWOG), specifies the three timeframes (15, 5 and 1 minute) and walks through the post-08:30 AM New York entry model in both bullish and bearish scenarios.

What time does the Lecture 1 model start?

You should be at your screen before 08:00 AM New York local time. The actual setup window is post-08:30 AM.

Which timeframes does ICT use in Lecture 1?

15 minutes for bias and draw-on-liquidity, 5 minutes for structure context and 1 minute for the entry trigger.

What is a relative equal high in Lecture 1?

A relative equal high is a high that has a lower swing high on the right side of it, formed because of a swing failure and a potential reversal.

What is the difference between BISI and SIBI?

BISI is an up-closed ICT fair value gap. SIBI is a down-closed ICT fair value gap.

What is a breaker block according to ICT 2024 Lecture 1?

A breaker block forms when price sweeps liquidity (a relative equal low for a bullish breaker, a relative equal high for a bearish breaker) and then reverses through the prior swing. The last opposite-closed candle before the reversal is the most sensitive zone.

Where is the stop loss placed?

Above the high formed post-08:30 AM for short trades and below the low formed post-08:30 AM for long trades.

Can I download the Lecture 1 notes as a PDF?

Yes — the free PDF download button is available above. The PDF is sponsored by ICTPDF.COM.

Does Lecture 1 work on indices and gold?

Yes — the model is most effective on NQ, ES and XAU/USD because of the 08:30 AM US economic-release window and the NYSE open at 09:30 AM.

What instruments did Michael focus on in Lecture 1?

The lecture is instrument-agnostic but the timing — 08:00 to 08:30 AM New York local — is built around the US session, which is why NQ, ES, GBP/USD, EUR/USD and XAU/USD work best.