ICT 2024 Mentorship Lecture 2 Notes — 07:00 AM Liquidity Hunt + IFVG Entry & Free PDF

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In the second lecture notes of the ICT 2024 Mentorship program, we explore the details of post-7:00 AM price delivery — with a particular focus on the liquidity hunt of relative equal highs and lows.

This session emphasises the importance of recognising and using the inverse fair value gap (IFVG) and the breaker block, all through the strategic application of the Fibonacci tool.

By understanding these core concepts, traders can better anticipate market moves and refine their trading strategies in the dynamic morning market conditions.

Below are my full Lecture 2 notes — the key elements, the key times, the bullish and bearish scenarios, the Fibonacci targets and the free PDF download.

Lecture 2 Quick Summary

ICT 2024 Mentorship Lecture 2 builds on the time-based model from Lecture 1 by shifting the entry from the 08:30 NY-AM model to the post-07:00 AM AM-session retrace. The session opens with the trader at the screen by 07:00 AM New York local time. The first move retraces back into the London-session range, then sweeps relative equal highs or lows. The trade is taken from the consequent encroachment of the IFVG (inverse fair value gap) — or from the breaker block if the IFVG is not present. Stops sit beyond the post-07:00 AM liquidity-hunt swing, and the Fibonacci is drawn from that swing back to the 07:00 AM opening price for -2 and -2.5 extension targets.

Key Elements (Definitions)

(I) SIBI : is the down-closed Fair Value Gap.

(II) BISI : is the up-closed Fair Value Gap.

(III) IFVG : is the Inversion Fair Value Gap.

(IV) Breaker Block : is a failed order block.

(V) Relative Equal High : is when a high has a lower swing high on the right side of it, formed due to price swing failure.

(VI) Relative Equal Low : is when a swing low has a higher swing low on the right side of it, formed due to price swing failure.

(VII) Fractal : is the repetitive nature of price behaviour on every timeframe.

(VIII) Specific : the very first fair value gap prior to the stop hunt will be the most sensitive inverse fair value gap.

(IX) Consequent Encroachment: is the 50% retracement level (middle) of an ICT PD Array.

(X) Fibonacci Inputs : use 0, 0.5, 1, -2 and -2.5.

Key Times of the Day

(I) 07:00 AM (New York local time)

(II) 08:00 AM (New York local time)

(III) 09:00 AM (New York local time)

Key Timeframes for ICT 2024 Mentorship

(I) 15 Minutes.

(II) 5 Minutes.

(III) 1 Minute.

(IV) 15 Seconds.

Application in the Market

Start at 07:00 AM (New York local time). Do not look at anything prior if you are brand new. If you have experience you can look at prior data (London price delivery).

Anything you want to see prior to 07:00 AM is the London high and low for the draw on liquidity.

Do not predict the price — just wait for it to happen.

The 07:00 AM (AM-session) first and foremost characteristic is retracing back into the London-session range.

At 07:00 AM you should be at your computer and you have to look for relative equal highs or relative equal lows forming on the 5-minute or 1-minute timeframe.

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

(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 very first fair value gap formed prior to the stop hunt as the IFVG and also mark the bearish breaker block formed after the break of the swing low.

When price retraces back, execute a sell trade at the consequent encroachment of the Inverse Fair Value Gap (IFVG) marked. If the IFVG is not present, you can execute the sell trade at the bearish breaker block.

Your stop loss in this scenario will be above the swing high formed post-07:00 AM liquidity hunt.

For take profit you can target the next draw on liquidity, or you can use the Fibonacci tool by drawing it from the high formed post-07:00 AM liquidity hunt to the lowest low at 07:00 AM (the opening price of 07:00 AM).

You can set your take profit at the -2 or -2.5 Fibonacci retracement levels.

(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 very first fair value gap formed prior to the stop hunt as the IFVG and also mark the bullish breaker block formed after the break of the swing high.

When price retraces back, execute a buy trade at the consequent encroachment of the Inverse Fair Value Gap (IFVG) marked. If the IFVG is not present, you can execute the buy trade at the bullish breaker block.

Your stop loss in this scenario will be below the swing low formed post-07:00 AM liquidity hunt.

For take profit you can target the next draw on liquidity, or you can use the Fibonacci tool by drawing it from the low formed post-07:00 AM liquidity hunt to the highest high at 07:00 AM (the opening price of 07:00 AM).

You can set your take profit at the -2 or -2.5 Fibonacci retracement levels.

NOTE: After 07:00 AM, 08:00 AM and 09:00 AM in the first 30 minutes (pre-session range), expect something opposite — opposite price movement to the relative trend or relative equal highs/lows.

Step-by-Step Lecture 2 Trade Flow

This is the exact sequence Michael Huddleston walks through in Lecture 2, condensed into a checklist you can run before every NY AM session.

1. Sit down before 07:00 AM NY time. The setup is built between 07:00 and the first 30 minutes of the AM session.
2. Mark the London high and low. These are the only references you need from the prior session — they become the draw-on-liquidity for the AM open.
3. Do not predict. Wait for price to actually print relative equal highs or relative equal lows on the 5-minute or 1-minute chart.
4. Wait for the liquidity hunt. Price must take out the relative equal level after 07:00 AM.
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 IFVG. The very first fair value gap prior to the stop hunt becomes the most sensitive Inverse Fair Value Gap.
7. Mark the breaker block. The breaker block forms after the break of the swing low (bearish) or swing high (bullish) — it is the backup entry zone if no IFVG is present.
8. Enter at the CE of the IFVG. Wait for price to retrace into the consequent encroachment (50% midpoint) of the IFVG and execute. If no IFVG, enter at the breaker block.
9. Set the stop. Above the post-07:00 AM swing high (shorts) or below the post-07:00 AM swing low (longs).
10. Take profit at -2 / -2.5. Draw the Fibonacci from the post-07:00 AM swing back to the 07:00 AM opening price and stage exits at the -2 and -2.5 extensions, or use the next draw on liquidity.

Best Markets for the Lecture 2 Model

The model is built on the New York AM open at 07:00 AM, 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 post-07:00 AM setup.
• GBP/USD and EUR/USD — strong overlap of the late London session and the NY open, so the retrace into the London range is most pronounced.
• XAU/USD (Gold) — delivers clean displacement in the AM session 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 2 model. The 07:00 AM ET pivot and the AM-session retrace into the London range align directly with US futures and CME Group instruments — the model was built around this clock.

Common Mistakes on the Lecture 2 Model

These are the recurring mistakes I see when traders first try to apply the Lecture 2 framework.

1. Pre-positioning before 07:00 AM. The post-07:00 AM sweep is the trigger. Entries before 07:00 front-run the setup.
2. Marking the wrong IFVG. The IFVG is the very first fair value gap prior to the stop hunt. Marking a later or earlier FVG produces a less sensitive entry.
3. Skipping the MSS. The market structure shift is the confirmation step. A wick alone is not the entry.
4. Ignoring the 30-minute reversal note. After 07:00 AM, 08:00 AM and 09:00 AM the first 30 minutes often print opposite to the relative trend. Forgetting this leads to entries against the actual move.
5. Stop too tight. The stop must sit beyond the entire post-07:00 AM swing — not just at the MSS pivot.
6. One-shot take profit. The -2 and -2.5 Fibonacci extensions are staged exits. Closing the entire position at -2 leaves the larger move on the table.

ICT Mentorship 2024 Lecture 2 Notes PDF Download

You can download below ICT mentorship 2024 lecture 2 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 2 of the ICT 2024 Mentorship. The complete notes series is published lecture-by-lecture on the site.

• ICT 2024 Mentorship Lecture 1 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 2

Brief answers to the questions readers ask most often about Lecture 2.

What does ICT 2024 Mentorship Lecture 2 cover?

Lecture 2 covers the post-07:00 AM AM-session liquidity hunt of relative equal highs and lows, with the entry taken at the consequent encroachment of the inverse fair value gap (IFVG) or the breaker block, and Fibonacci take-profit at the -2 and -2.5 extensions.

What time does the Lecture 2 model start?

You should be at the screen by 07:00 AM New York local time. Key time references are 07:00 AM, 08:00 AM and 09:00 AM.

What is the IFVG in Lecture 2?

The IFVG is the Inverse Fair Value Gap — the very first fair value gap formed prior to the stop hunt. It becomes the most sensitive entry zone after the Market Structure Shift confirms the reversal.

What is the breaker block in Lecture 2?

In Lecture 2, the breaker block is the failed order block formed after the break of the swing low (bearish) or swing high (bullish). It is used as the entry zone when no IFVG is present.

What Fibonacci settings does Lecture 2 use?

The Lecture 2 Fibonacci uses 0, 0.5, 1, -2 and -2.5. The -2 and -2.5 levels are the staged take-profit extensions.

How is the Fibonacci drawn for take profit?

For a sell trade, draw it from the high formed post-07:00 AM liquidity hunt to the lowest low at 07:00 AM. For a buy trade, draw it from the low formed post-07:00 AM liquidity hunt to the highest high at 07:00 AM.

Where is the stop loss placed?

Above the swing high formed post-07:00 AM liquidity hunt for sell trades, and below the swing low formed post-07:00 AM liquidity hunt for buy trades.

What is the 30-minute pre-session note?

After 07:00 AM, 08:00 AM and 09:00 AM, in the first 30 minutes (pre-session range), expect opposite price movement to the relative trend or relative equal highs/lows. This is a built-in counter-move warning inside the Lecture 2 framework.

What is the difference between Lecture 1 and Lecture 2?

Lecture 1 is anchored to the 08:30 AM NY model with entries from the bullish/bearish PD-array (order block, BISI/SIBI, breaker). Lecture 2 is anchored to 07:00 AM with the AM-session retrace into the London range, and the entry is specifically at the consequent encroachment of the IFVG (or the breaker block).

Can I download the Lecture 2 notes as a PDF?

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