Lecture 16: Chart Annotation & Daily Logging Protocol (Aug 23 Review)

Title: Chart Annotation & Daily Logging Protocol (Review of Aug 23)
Date: August 24, 2024
Mentor: Michael J. Huddleston (The Inner Circle Trader)

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1. Executive Summary & Core Objective

Lecture #16 provides a practical clinic on chart logging, annotation protocols, and a comprehensive post-market review of the August 23, 2024 session (Jackson Hole Powell speech) [194, 195, 203, 214].

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2. Core Concepts & Technical Mechanics

A. Daily Chart Logging Protocol

• Routine: Every session must be logged using clean screenshots at 15-min, 5-min, and 1-min timeframes [194, 195].
• Annotations Required:
  • 7:00 AM ET boundary line [194].
  • Opening Range Gap (previous 4:14 PM close to 9:30 AM open) with 0.50 CE marked [210].
  • First Presented FVG (9:30-10:00 AM) carried to 3:45 PM [204, 214].
  • Balanced Price Ranges (BPR) and Change in State of Delivery (CSD) [203, 206, 211].

B. Event Horizon Concept

• Definition: The exact 50% midpoint between a close-proximity New Week Opening Gap (NWOG) and New Day Opening Gap (NDOG) (within a 60-day lookback window) [208, 209].
• Function: Acts as a massive black hole drawing price aggressively during session expansions [208, 209].

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3. Trading Discipline, Mindset & Psychology

A. The Value of Monotonous Practice

• Chart logging feels monotonous in the beginning but is the single most important activity for building subconscious pattern recognition [195, 196].

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4. Step-by-Step Action Plan & Homework

1. Take daily screenshots of your 1-min, 5-min, and 15-min charts [195, 202].
2. Annotate the Event Horizon whenever NDOG and NWOG nest together [208, 209].
3. Maintain a organized digital notebook (e.g., PowerPoint or Markdown format) [195].

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Reference Source Link:
Watch ICT 2024 Mentorship - Lecture #16 (August 24, 2024) on YouTubeWatch on YouTube