WickCheck / Trading school / Midnight open
Midnight openAdvanced
The price at 00:00 New York time, used by ICT as the daily reference for premium and discount.
What it means
Buying below the midnight open in a bullish day and selling above it in a bearish day is a common filter in ICT intraday models.
How to spot it
- A horizontal line at the 00:00 New York candle's open.
Common mistakes
- Using midnight in your local time zone instead.
Related terms
Premium and discountThe upper half of a price range is premium (expensive), the lower half is discou…Power of 3 (AMD)The idea that a daily or session candle forms in three phases: accumulation, man…EquilibriumThe 50% level of a dealing range, the line between premium and discount.…
Why most strategies need a human behind the screen
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Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.