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SM Stock Market Method

Midnight Open: ICT for Futures Explained

TL;DR

Midnight Open — Premium vs discount. Most traders use the wrong open.

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“Midnight Open — Premium vs discount. Most traders use the wrong open.”
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Where this fits in the Confluence Method

This lesson lives in the Stack step of the Confluence Method, where you confirm price action and structure and a key level before a setup qualifies as a trade.

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Full transcript

2 sections

0:00Welcome back. The midnight open — anchoring premium and discount correctly. Most traders use the wrong open. ICT anchors to the true day open at midnight New York time. Price above the midnight open is in premium, where you look to sell. Below it is discount, where you look to buy. One horizontal line, drawn at the right time, frames your entire day.

0:23Below the midnight open is discount, above is premium. That wraps the ICT series.