ICT Forex and Futures Market Review October 3 2025

Key takeaways

ICT’s October 3, 2025 review is a retrospective walk-through of the Dollar Index, EUR/USD, GBP/USD and E-mini Nasdaq futures, built from graded candle wicks, fair value gaps, order blocks, market structure and what he calls suspension blocks.

Read the full summary

ICT’s October 3, 2025 review is a retrospective walk-through of the Dollar Index, EUR/USD, GBP/USD and E-mini Nasdaq futures, built from graded candle wicks, fair value gaps, order blocks, market structure and what he calls suspension blocks. This page summarises what he says at the timestamps cited, attributes every level and interpretation to him, and reports no execution, fill or result. The transcript behind it is automatic speech recognition of the full original audio rather than a human-verified caption track, and no chart in the recording was visually inspected for this article.

How we researched this article

BestProps used document-based research from primary firm sources, checked September 14, 2026. The complete source list, scope, limitations, and commercial-state record appear near the end of this article.

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Overview of the October 3, 2025 market review

In ICT Forex & Futures Market Review October 3, 2025, ICT reviews the US Dollar Index, EUR/USD, GBP/USD and E-mini Nasdaq futures. The recording is not a forecast for the period after it was published. He explains a completed session retrospectively through fair value gaps, graded candle wicks, liquidity, order blocks, market structure and the term he introduces in this presentation as a suspension block.

The recording itself is the primary source for everything below. Its watch page reports the channel The Inner Circle Trader, a stated runtime of 28:59 and a publication date of 2025-10-03 at 07:51:44 in the UTC-07:00 offset, read on 2026-09-13.^[1] The transcript used for this page is automatic speech recognition of the full original audio, not a human-verified caption track, and no chart shown in the recording was visually inspected here. Levels, sequence and wording are therefore reported as the presenter’s statements rather than as independently checked market data.

ICT also refers to commentary he says he posted on X in real time. Those posts could not be retrieved for this article and are not treated here as evidence that anything was called in advance.

Dollar, EUR/USD and GBP/USD

After introductory housekeeping about where he posts charts and notes, the forex section begins at 2:29. ICT characterises most of that week in forex as relatively uneventful – in his words “pretty much a nothing burger” – apart from a few moves he considers instructive.

US Dollar Index: a daily fair value gap blended with a graded wick

On the Dollar Index daily chart, ICT discusses a buy-side imbalance / sell-side inefficiency – his fair value gap – and its midpoint, which he calls consequent encroachment. From around 3:59, he explains how he divides both that imbalance and an elongated lower wick into quadrants, and identifies the lower quadrant at approximately 97.52 as the area the market turned from before rallying through nearby relative equal highs. Later in the same passage he reads the low of that move as 97.522.

His broader teaching point is the distinction between candle bodies and wicks. In his interpretation the bodies keep the directional narrative going while wicks are permitted to extend beyond a reference range, which is why he selects the most elongated downside wick – the one that also reaches back toward the low associated with the bullish gap – rather than an arbitrary candle.

At 6:41 he introduces a suspension block. As defined in this presentation, the anchor candle must carry a volume imbalance at both its upper and lower boundaries, and the range is drawn between those imbalance boundaries rather than from the intervening wick extremes. He also states that a graded suspension block can act as a premium array once price is below it, and that the space between his daily suspension block and his daily fair value gap is an area with no reason for price to trade. This is his terminology and method, not a universally accepted market classification.

EUR/USD: swing projection, graded wick and bearish structure

The EUR/USD segment starts near 8:56. ICT treats the pair as the mirror image of a firming dollar. He refers to a rally into 1.1755 at the lower area of a sell-side imbalance / buy-side inefficiency, then demonstrates a Fibonacci swing projection from a high to a low in which a positive two standard deviation setting is stated as 1.16892. He compares that projection with the upper quadrant of the September 11, 2025 daily wick, stated as 1.16861.

He then walks through a sequence involving an inversion fair value gap, a small bearish fair value gap and repeated reactions around a graded wick. His emphasis is that the candle bodies remained in the lower half – and specifically the lower quadrant – of the reference wick after it began acting as a premium array, which he reads as weakness, followed by a move into an order block mean threshold and the downside objectives he says he had already marked. The transcript records his interpretation. It does not establish that any order was placed or filled, and it cannot confirm the exact tick contact of any level on the chart.

GBP/USD: the same model applied to cable

At 12:12 he applies a similar model to GBP/USD, which he also calls cable. He describes price trading into an older premium-side inefficiency near a consequent encroachment, followed by a breakaway gap, what he calls an institutional order flow entry drill, and an inversion fair value gap. He grades a premium wick and says price respected its midpoint and then its lower quadrant as price continued toward an A-B-C projection.

The practical lesson he draws is that the relevant wick can change as price travels: a nearer candle initially frames the move, while an older wick lower in the range becomes the next reference if price keeps dropping. He says the lower quadrant of that wick agreed with his swing projection, and repeats that the week in forex otherwise offered little of note.

E-mini Nasdaq futures review

The index-futures section begins at 14:14, where ICT turns to the E-mini Nasdaq futures contract and moves from the daily chart to one-minute intraday charts. He notes that he misspoke earlier in the recording: at 14:54 he corrects “YouTube” to X.

On the daily view he identifies graded levels from a premium wick, an intermediate-term sell-side liquidity pool below a low, and a bullish order block formed by a run of down-closing candles that he also reads as a change in the state of delivery. He then discusses the sharp decline into that order-block region. Notably he says his contemplated warning about the drop was not posted before the move happened, so it should not be treated as a documented real-time call.

The opening-range gap and the inversion fair value gap

From 16:33 he analyses the regular trading hours opening range. He says the opening range gap was fully closed while the intermediate-term sell-side liquidity pool was never taken, a combination he reads as bullish, and that price then returned into a sell-side imbalance / buy-side inefficiency that he had labelled an inversion fair value gap.

He explains the structural reason for that label as a short sequence:

• Price runs straight down from the opening, creating a short-term low.
• Price rallies back into the imbalance, then sells off again and forms a lower low.
• An imbalance inside a structure that drops, retraces slightly and then runs a lower low has a high probability, in his view, of later behaving as an inversion fair value gap – not necessarily immediately.

He also distinguishes minor highs inside that price leg from intermediate-term buy-side liquidity above the wider structure, and separates a very small gap, which he calls a common gap, from the more visually prominent displacement he labels the first presented fair value gap at 18:56. His stated sequence into the middle of the session is a move up to take intermediate-term buy-side liquidity and then a delivery into that first presented fair value gap.

Candle bodies, stop placement and suspension blocks

Through the later Nasdaq passage, ICT repeatedly argues that bodies staying above a graded boundary support his bullish narrative even when wicks briefly cross it, describing those excursions as permissible. At 23:11 he says wick grading can be applied on any timeframe rather than the daily chart alone, but that it should be combined with other elements rather than used in isolation – his examples include fair value gaps, the opening range gap and prior liquidity.

He also cautions against moving a stop immediately beneath an inversion fair value gap before price has broken the relevant short-term structural high, and describes trailing a stop with intermediate-term market structure swing points after that. That is a description of his own risk-management framework in the recording, not individualised advice. Near 26:29 he identifies further bullish suspension blocks built on the same volume-imbalance definition, and repeats that a wick trading beyond the range and closing back over it does not by itself disqualify the classification. He closes the review shortly afterwards at 28:47.

What the review teaches, and what it does not establish

• His analysis leans on confluence between liquidity, market structure, gaps, order blocks and graded wicks rather than on a single chart feature.
• He treats candle bodies as evidence of the intended directional narrative and wicks as permissible excursions. That is an interpretive rule specific to his framework, not a measured property of price.
• Timeframe and structural context decide whether a high or low is classified as minor, short term or intermediate term.
• Retrospective chart explanations, and his own account of intended posts that were never published, should not be confused with verified real-time signals.

Statements about institutional or algorithmic activity express a methodology’s framework. Without additional evidence they should not be presented as proven explanations of why a market moved. Nothing in this review establishes that the approach has a repeatable edge, and no trade result, win rate or account outcome is reported on this page.

Studying a dated review as a funded trader

A prop evaluation or funded account can impose constraints that never appear in educational market commentary, and firm rules are time-sensitive. Check your own current account documentation rather than assuming that an example shown in a recording is permitted. A workable study routine looks like this:

1. Start with the original recording. Confirm the upload, its title and its date before relying on any summary, including this one.
2. Separate observation from action. Write down what the presenter identifies without converting it straight into an entry.
3. Record timestamps. Note where each instrument, timeframe, level and concept appears so wording can be re-checked.
4. Quote conditional language accurately. Words such as “if”, “could” and “expect” should not be rewritten as certainty.
5. Capture chart context. Include the instrument, date range, timeframe, session, time zone and data source in your notes.
6. Compare against account rules. Verify current restrictions on products, position sizing, news windows and holding periods; the site’s own research on prop firm news trading rules shows how much the checked wording varies between firms.
7. Journal the lesson, not the outcome. A dated review documents historical analysis; it is not a current signal. A structured market review journal makes that distinction easier to hold.

How this page was sourced, and what its limits are

The mapped recording was validated and its full audio transcribed for this page. The transcript is automatic speech recognition of the original audio (model: whisper-large-v3-turbo, 441 timed segments, complete audio, no low-confidence characters flagged), so it is a machine reading rather than human-verified captions. Automatic transcripts mishear trader shorthand, so where a phrase is unambiguous in context this page uses the standard term while flagging the raw rendering:

• Repeated phrases rendered as “buy sign and balance” and “sell sign efficiency” refer to buy-side imbalance / sell-side inefficiency, and the mirror image, sell-side imbalance / buy-side inefficiency.
• “Consequent encroachment” appears in the transcript in places as “constant encroachment” or “consequent crutch”, and “wick” is frequently rendered “Wix”.
• The Nasdaq contract is rendered inside the transcript as a garbled phrase that context identifies as the E-mini Nasdaq futures contract referred to in the title.

What remains genuinely unverified: the chart annotations themselves, the exact tick contact of any quoted level, whether any order was placed or filled, stop placement beyond what he describes verbally, and any later outcome. This article reports the levels he states – the Dollar Index area near 97.52, the EUR/USD readings of 1.1755, 1.16892 and 1.16861 – as his own chart readings at the cited timestamps, not as prices this site has confirmed. The X post referenced by the earlier version of this page could not be retrieved, so it has been removed from the sourcing chain rather than kept as an unread reference. Commentary about the recording’s subject matter is his; the distinction between his claims, general interpretation and verified facts is preserved throughout.

Sources for checking the October 3, 2025 review

Four references support this article: the recording itself, the exchange’s product page for the futures market named in the title, the exchange’s own trading-hours reference, and the platform documentation for the embed restriction that shapes how the recording is presented here. None of them is a transcript of the recording.

Read the mapped upload and its own metadata first

The recording mapped to this article, ICT Forex & Futures Market Review October 3, 2025, was read directly for this page. The watch page returned the channel The Inner Circle Trader, a stated runtime of 28:59, a publication date of 2025-10-03 at 07:51:44 in the UTC-07:00 offset, and a description carrying the uploader’s standard government-required hypothetical-performance disclaimer.^[1] That settles the channel, the title, the publication date and the runtime. It does not settle what is on the charts, which is why every level and sequence above is attributed to the presenter and tied to a timestamp.

Why the recording is offered as a watch card

An isolated-browser check on 2026-09-14 rendered a “Video player configuration error” surface carrying error code 153 and a prompt to watch the video on YouTube, so no player is embedded above and no blank frame is left behind. This page does not know which setting produces that surface, so no cause is asserted. YouTube’s own help page documents the platform’s embedding controls: it describes how content owners can block or allow embedding by domain and states that the “block on all domains” option does not allow any embedding of videos on any website.^[3] Read the scope carefully – the same page notes that these embedding features are available to partners who use YouTube Studio Content Manager, and the choice belongs to the video’s owner rather than to this site. The recording remains available directly on YouTube.

What the exchange page states about the product in the title

The title names the Nasdaq futures market. The exchange’s own E-mini Nasdaq-100 futures page describes the product as one of its cost-effective ways to gain exposure to the Nasdaq-100 Index, a modified capitalisation-weighted index tracking 100 large-cap companies, and refers to the contract as NQ futures.^[2] That confirms what the product named in the recording’s title is and that NQ is the name the exchange uses. It does not confirm which contract month, symbol or data feed the presenter displayed, and the page read does not document month-letter symbol codes, so nothing here asserts a delivery month.

Pin session and time-zone questions to the exchange, not to the article

The review discusses a regular trading hours opening range, and the exchange publishes its own session reference. CME Group states on its trading hours page that trading hours are subject to change and are stated in U.S. Central Time unless otherwise stated, and it provides separate regular-trading-hours and holiday schedules per product.^[4] This article does not know which time zone the presenter’s charts used, so no session label above has been converted into a clock time here. Verify session boundaries against the exchange’s current schedule and your own platform settings before applying anything from the recording.

Sources

• [1] YouTube: ICT Forex & Futures Market Review October 3, 2025 – The Inner Circle Trader (source recording; watch page metadata read 2026-09-13: title, channel, runtime 28:59, publication date 2025-10-03, an embedded player rendered on 2026-09-14 stopped at a Video player configuration error surface carrying error code 153)
• [2] CME Group: E-mini Nasdaq-100 Futures Contract Specs (product page; exposure to the Nasdaq-100 Index, a modified capitalisation-weighted index of 100 large-cap companies; contract referred to as NQ futures)
• [3] YouTube Help: Restrict embedding (platform documentation for the owner-side embed control; “block on all domains” means no embedding of videos on any website)
• [4] CME Group: Holiday and Trading Hours (exchange session reference; hours subject to change and stated in U.S. Central Time unless otherwise stated)

BestProps is not affiliated with The Inner Circle Trader, YouTube, Google or CME Group, and no source listed here endorses this article, this site or any setup. Terms used on this page – fair value gap, inversion fair value gap, consequent encroachment, premium and discount wick, order block, buy-side and sell-side liquidity, opening range gap and suspension block – are descriptive study language from a third-party educational vocabulary; none is an official publication, none has been tested first-hand by this site, and none is presented as official, tested or free of repainting. No win rate, backtest, payout or verified trade is reported anywhere on this page, and no price, level or outcome beyond the presenter’s own stated readings and the sources listed above is asserted.