ICT Mentorship 2023 - ICT Reaper PD Array Introduction
Higher High
Bullish Breaker Bearish Breaker
Old High/Low
We are not trying to pick tops in Buy Programs. Rejection Block
We are not trying to pick bottoms in Sell Bearish Order Block
FVG Bearish Premium Array Higher High High
Programs.
Liquidity Void
Bearish Breaker High
Mitigation Block
Equilibrium
Low
ICT has created and codified a Mitigation Block
Bullish Breaker
method called "Reaper" to
capitalize on precision and take
Liquidity Void
Bullish Discount Array
Lower Low
Step-by-step guide:
LUMI
Low
FVG TRADERS
advantage of shifted sentiment in Bullish Order Block
trading. Rejection Block Lower Low Step 1: Understand the Market Context
Old Low/High
The first step is to understand the market
context and identify the bias or direction the
market is likely to move.
A reaper is a FVG in a discount of the impulsive price leg of a bullish breaker. A
Bullish Breaker-bullish
bearish Reaper Inversion FVG would be a bearish breaker that would have a
range or Up Close Candle in Step 2: Identify the ICT Reaper Inversion FVG
fair value gap in the premium side of the impulsive price leg.
the most recent Swing High
The key aspect of the Reaper Inversion FVG is the presence of a FVG within prior to an Old Low being The ICT Reaper Inversion FVG is a pattern that
the breaker. violated.
involves a fair value gap within an impulsive
The FVG is a discount measured from the low to the high of the price range. price leg of a bullish breaker (or bearish
Premium
The market is expected to trade down through this FVG, running stops and breaker in a bearish context). The fair value
punishing traders who have trailed stop losses there. ICT wants to knock out gap should be in a discount (premium) relative
those individuals and create a rally afterward.
to the impulsive price leg.
The Reaper Inversion FVG is characterized by price action that cuts through
EQ
candles, going under the radar of supply and demand traders. It allows for Step 3: Look for Entry Opportunities
precise entries and takes advantage of shifted sentiment.
Discount
The support and resistance levels are confirmed only if they have one of FVGs. Once the ICT Reaper Inversion FVG is
identified, look for entry opportunities to go
LUMI TRADERS long (in a bullish scenario) or short (in a
bearish scenario). ICT mentions using one-
minute and five-minute charts to identify
specific entry points.
Step 4: Set Stop Loss and Target
Set a stop-loss order to limit potential losses
LUMI TRADERS in case the trade goes against you. The stop-
loss should be placed below the low of the
Reaper Inversion FVG (in a bullish trade) or
above the high of the FVG (in a bearish trade).
Additionally, set a target for taking profits. The
target can be based on projections from the
impulsive price leg.
Step 5: Manage the Trade
Once the trade is open, manage it according
to your trading plan. If the trade is in your
favor, consider trailing the stop-loss to lock in
profits as the price moves in your direction.
Step 6: Consider the Higher Time Frame Bias
ICT talks about the importance of considering
the bias on higher time frames. Understanding
the overall market trend and sentiment can
help you stay in a trade for bigger moves.
[Link]