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ICT YT - 2020-09-24 - ICT Institutional Price Action - Micro-Market Structure and Time and Price Concepts - Part 1.srt

Last modified by Drunk Monkey on 2021-06-12 06:33
1 00:00:15,570 --> 00:00:25,380 ICT: Hi, folks, welcome back, this is going to be a very short lecture promised not to spend too much of your time, it's gonna be a topic I want to kind of like
2 00:00:25,380 --> 00:00:35,070 mine a little bit. So over the coming weeks, I'll be sending examples of things like this to the YouTube channel. So they'll be very short, probably like 10
3 00:00:35,070 --> 00:00:45,540 minutes or less like videos. So that way you guys that like to use the speed up format two times, to talk really slow and long. It will help you get to like a
4 00:00:45,540 --> 00:00:57,060 five minute video. But you've seen me do like intraday charting, and like one minute chart trading, trading both directions of the of the daily range, I want
5 00:00:57,060 --> 00:01:06,180 to give you one little piece of that puzzle. In that way you can go into your charts and start looking for things that repeat over and over again. And you'll
6 00:01:06,180 --> 00:01:14,070 have that epiphany moment, I'm sure you will have everything obviously. And that's not the point, the point is free to start getting closer to these lower
7 00:01:14,070 --> 00:01:24,390 timeframes. Because it'll give you a lot of examples and practice that are still transferable by logic, to the higher timeframes to mean for instance, the daily
8 00:01:24,390 --> 00:01:34,200 chart, it takes a whole day 24 hours to make that candle. Yeah, that's a lot of trades in there you can take. But you can't really practice a whole lot with
9 00:01:34,200 --> 00:01:43,920 that one particular candle if your timeframe of trade is the daily chart. So how do you practice and get a lot of appreciation and experience using price action
10 00:01:43,920 --> 00:01:57,570 concepts using these lower timeframes, but once you understand them, you can actually operate in them with highly technical precision and consistency. But
11 00:01:57,570 --> 00:02:06,840 you cannot be convinced to that until you go in and practice it. Alright, so we are looking at the E mini s&p, this is the delivery contract month of December.
12 00:02:07,170 --> 00:02:15,210 Okay, so futures, they have expiration dates. And while I'm not going to go into every facet about futures trading, you all have been exposed to that over the
13 00:02:15,210 --> 00:02:28,470 years with me in my teachings. But the idea is we're looking at the s&p and prior to today's trading, we had yesterday's trading light a big down day. So
14 00:02:28,470 --> 00:02:37,200 right away, whenever we're bearish, this is something you want to have in your notes. If you're bearish, you want to be looking for up close candles. Alright,
15 00:02:37,230 --> 00:02:48,030 up close candles, every time we find price trading into an up close candle when it's bearish, you're likely to get some sensitivity there and a displacement
16 00:02:48,030 --> 00:02:56,010 lower. Now inside of displacement on a one minute chart. There's lots of opportunity for trades. So you can go in here and practice with your demo
17 00:02:56,010 --> 00:03:05,520 account or paper trade images back test the idea but yesterday but a big down day. So I want you consider this candle here. So I know a lot of you are gonna
18 00:03:05,520 --> 00:03:18,900 look at this, oh, this is hindsight stuff, whatever, then the lesson isn't for you as it so we're, we're gonna have this level highlighted. And we're gonna go
19 00:03:18,900 --> 00:03:29,010 into the intraday price action of this daily candle and we're gonna drop all the way down into a one minute chart. Folks, we are looking at the afternoon trend
20 00:03:29,040 --> 00:03:39,480 for equities. And that begins at one o'clock in the afternoon eastern time and closes at four o'clock. So four o'clock eastern standard time. And one o'clock
21 00:03:39,510 --> 00:03:48,960 eastern standard time. That is the afternoon trend for equities. Now if you're a stock trader, I say I don't know if any of you are actually trading stocks or
22 00:03:48,960 --> 00:03:58,920 intraday trading stocks, you can actually focus on this time of day and work you can look at 930 in the morning to 11 in the morning, Eastern Standard Time.
23 00:03:58,920 --> 00:04:12,840 That's the morning trend for equities. The same thing would apply to equity futures or index futures like NASDAQ futures, and q s for E mini s&p and the y m
24 00:04:12,840 --> 00:04:24,930 for the Dow futures. So no matter what you're looking at in regards to stocks or the indices themselves. This particular time of day is a really nice opportunity
25 00:04:24,930 --> 00:04:32,940 to trade especially with these lower timeframe charts and you can actually practice a lot with like for instance if you work during these hours, you can
26 00:04:32,940 --> 00:04:44,610 come home, pull up the charts and start studying these because even if you don't trade them, it gives you a lot of study that is focused around a specific time
27 00:04:44,610 --> 00:04:55,230 of day. So it's time and price and you can look for specific signatures now this red line I added relative to that daily up close candle while the markets been
28 00:04:55,230 --> 00:04:55,740 bearish.
29 00:04:57,180 --> 00:05:06,420 What you want to see is when price between the one o'clock and four o'clock in the afternoon, Eastern Standard Time. When it breaks below that not just trades
30 00:05:06,420 --> 00:05:16,380 below it went breaks like that. That is an imbalance. So right away, you want to look at the last up close candle prior to that drop down. Now notice what I just
31 00:05:16,380 --> 00:05:27,360 did, I gave you context, I give you a narrative framework structure, market structure. And since we're on these lower one minute charts, this is micro
32 00:05:27,390 --> 00:05:35,670 market structure. So we see an imbalance here. And then the markets won't trade right back up into that, no, I'm gonna take this level off, but just know that
33 00:05:35,670 --> 00:05:45,480 that was the framework of what we're looking for. That's that little indication, if you will, without any indicators that the market wants to go lower. So we can
34 00:05:45,480 --> 00:06:01,890 take this off. And then add right on the body of that candle, right there. To open on this candle comes in at Now watch this price right here, okay? The open
35 00:06:01,890 --> 00:06:13,290 on this candle comes in at 3256. Even the high on this candle comes in at 3256. Even now, folks, listen, I don't know what parts of the world you're from or
36 00:06:13,290 --> 00:06:24,060 what town us you're from. But that's perfect. Where I come from, you can't get any better than that. You can't get closer. It's just perfect. Okay, so when
37 00:06:24,060 --> 00:06:32,520 price trades up into that, that's a short, go and look at the examples I put on my charts in my trades. When I show my trades and recordings on this YouTube
38 00:06:32,520 --> 00:06:41,490 channel. That's the level of precision that I show and what constitutes the framework for those types of trades. So we have an optimal trade entry in here.
39 00:06:41,550 --> 00:06:58,680 So if we add a fib to that, just to give you to the idea of what we're looking for the body stay inside of optimal trade entry. And the seven AMS retracement
40 00:06:58,680 --> 00:07:09,780 level caps, the top perfect delivery market then breaks down. So how can we get a target? Well, you can get a target with this fib or you can look at the
41 00:07:09,780 --> 00:07:21,420 overall market structure that sets the set up for the swing. Okay, so if you're intraday swing trader, or if you want to become an intraday swing trader, this
42 00:07:21,420 --> 00:07:29,790 is what you're going to do. You're gonna look at the parent price swing, which is here. And if you're bearish in here, aren't you expecting it to trade below
43 00:07:29,790 --> 00:07:41,670 this low then? Sure. So this parent price swing, we use the Fed to project down, we're looking for 32 1875. Okay, well, we're gonna put a line on that. There's
44 00:07:41,670 --> 00:07:57,270 your market structure, swing projection, and 32. One 8.75 is your projected low. And the low in this candle comes in at 3219. The next candle here 32 18.75,
45 00:07:57,270 --> 00:08:11,730 perfect. 32 1875 perfect. And everything else is higher. Perfect delivery folks. Low. Hi. Look at my examples in this YouTube channel. They're very similar to
46 00:08:11,730 --> 00:08:21,720 that now I would be taking profits parsable below here as well. And somewhere as it broke below here, something to the effect of maybe 10 handles or something
47 00:08:21,720 --> 00:08:33,120 like that. But logically, you can go through intraday charts like this on a micro market structure basis, and find lots of precision elements that repeat
48 00:08:33,120 --> 00:08:42,480 over and over again. And you can use this model here and find many things that line up perfectly and I'll describe this. As you can see, that's that half of a
49 00:08:42,510 --> 00:08:52,350 standard deviation. And again, the swing is this one up here. If you see that break below the bearish order block. That's your indication, optimal trade
50 00:08:52,350 --> 00:09:03,300 entry. Perfect delivery needs to trade below that and great how far can it go? Perfect delivery at 3218 seven, five, and bam. There you go. Hope you found this
51 00:09:03,300 --> 00:09:05,730 insightful. Until next time, I wish you good luck and good trading