A short-trade strategy using ICT concepts: keep the Asian range intact, enter at the prior day's high, and exploit bearish fair-value gaps. If you miss the initial short, use a turtle-soup setup to short the gap. The intraday low typically prints around 12:15 PM, and time, not price levels, drives your exit.
Let's say if I have a bearish bias, I'm looking for a scenario where the Asian range hasn't been taken out yet and we're taking out that previous day's high. If you missed the short initially, there was an opportunity where we had this bearish fair value gap and this is all occurring without taking that Asian range low yet. Even if you didn't short it right at the previous day's high, this all of a sudden becomes a turtle soup scenario. Let's say if you missed that, now this becomes an area where you can short that fair value gap and then you're just expecting it to close on the day. And now you guys can see down here it's 12:15. That's really where the intraday low gets printed. And if you're not exiting There's nothing down here. We're not even really taking out any level of liquidity. We're taking out Asian range lows. Yes, we have deviations down here, but there's nothing down here that would initially tell me exit the trade. It's really just based off of time.
