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

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ICT: iboxx Welcome back, this is gonna be a very short

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lecture promised not to spend too much of your time, it's

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going to be a topic I want to kind of like mine a little

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bit. So over the coming weeks, I'll be sending examples of

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things like this to the YouTube channel. So they'll be very

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short, probably like 10 minutes or less like videos. So that

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way you guys that like to use the speed up format two times,

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because I talk really slow and long. It'll help you get to

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like a five minute video. But you've seen me do like

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intraday charting, and like one minute chart trading,

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trading both directions of the, the daily range, I want to

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give you one little piece of that puzzle. And that way you

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can go into your chart and start looking for things that

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repeat over and over again. And you'll have that epiphany

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moment, I'm sure you won't have everything, obviously. And

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that's not the point, the point is for you to start getting

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closer to these lower timeframes, because it'll give you a

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lot of examples and practice that are still transferable by

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logic to the higher timeframe. So, you know, for instance,

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the daily chart, it takes a whole day 24 hours to make that

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candle. Yeah, that's a lot of trades in there you can take,

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but you can't really practice a whole lot with that one

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particular candle, if your timeframe of trade is the daily

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chart. So how do you practice and get a lot of appreciation

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and experience using price action concepts using these lower

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timeframes, but once you understand them, you can actually

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operate in them with highly technical precision and

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consistency. But you cannot be convinced to that until you

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go in and practice it. Alright, so we are looking at the E

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mini s&p, this is the delivery contract month of December.

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Okay, so futures, they have expiration dates. And while I'm

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not going to go into every facet about futures trading, you

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all have been exposed to that over the years with me in my

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teachings. But the idea is we're looking at the s&p. And

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prior to today's trading, we had yesterday's trading light a

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big down day. So right away, whenever we're bearish, this is

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something you want to have in your notes. If you're bearish,

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you want to be looking for up close candles. All right up

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close candles, every time we find price trading into an

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upclose candle when it's bearish, you're likely to get some

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sensitivity there and a displacement lower. Now inside of

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displacement on a one minute chart. There's lots of

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opportunity for trades. So you can go in here and practice

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with your demo account or paper trade or just back test the

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idea. But yesterday was a big down day. So I want you to

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consider this candle here. So I know a lot of you are going

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to look at this, oh, this is hindsight stuff, whatever, then

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the lesson isn't for you is it. So we're happy we're gonna

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have this level highlighted. And we're going to go into the

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intraday price action of this daily candle, I'm going to

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drop all the way down into a one minute chart. Folks, we are

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looking at the afternoon trend for equities. And that begins

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at one o'clock in the afternoon eastern time and closes at

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four o'clock. So four o'clock eastern standard time. And one

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o'clock eastern standard time. That is the afternoon trend

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for equities. Now if you're a stock trader, I say I don't

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know if any of you are actually trading stocks or intraday

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trading stocks. You can actually focus on this time of day

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and work you can look at 930 in the morning to 11 in the

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morning, Eastern Standard Time. That's the morning trend for

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equities. The same thing would apply to equity futures or

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index futures like NASDAQ futures, and q s for E mini s&p

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and the y m for the Dow futures. So no matter what you're

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looking at in regards to stocks or the indices themselves.

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This particular time of day is a really nice opportunity to

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trade especially with these lower timeframe charts and you

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can actually practice a lot with like for instance if you

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work during these hours, you can come home, pull up the

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charts and start studying these because even if you don't

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trade them, it gives you a lot of study that is focused

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around a specific time of day. So it's time and price and

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you can look for specific signatures now this red line I

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added relative to that daily upclose candle while the

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markets been bearish.

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What you want to see is when price between the one o'clock

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and four o'clock in the afternoon, Eastern Standard Time,

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when it breaks below that not just trades below when it

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breaks like that. That is an imbalance. So right away, you

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want to look at the last up close candle prior to that drop

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down. Now notice what I just did, I gave you context, I gave

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you a narrative framework structure, market structure. And

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since we're on these lower one minute charts, this is micro

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market structure. So we see an imbalance here. And in the

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markets one, trade right back up into that now I'm going to

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take this level off, but just know that that was the

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framework of what we're looking for. That's that little

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indication, if you will, without any indicators that the

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market wants to go lower. So we can take this off. And then

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add right on the body of that candle. Right there. Open on

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this candle comes in at Now watch this price right here.

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Okay? The open on this candle comes in at 3256. Even the

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high on this candle comes in at 3256. Even now, folks,

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listen, I don't know what parts of the world you're from, or

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what town in the US you're from. But that's perfect. Where I

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come from, you can't get any better than that. You can't get

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closer. It's just perfect. Okay, so when price trades up

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into that, that's a short, go and look at the examples I put

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on my charts and my trades when I show my trades and

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recordings on this YouTube channel. That's the level of

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precision that I show and what constitutes the framework for

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those types of trades. So we have optimal trade entry in

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here. So if we add a fib to that, just to give you to the

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idea of what we're looking for the body stay inside of

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optimal trade entry, and the 70 retracement level caps the

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top perfect delivery in the market then breaks down. So how

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can we get a target? Well, you can get a target with this

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fib or you can look at the overall market structure that

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sets the set up for the swing. Okay, so if you're intraday

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swing trader, or if you want to become an intraday swing

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trader, this is what you're going to do. You're gonna look

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at the parent price swing, which is here. And if you're

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bearish in here, aren't you expecting it to trade below this

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low then? Sure. So this parent price swing, we use the Fed

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to project down, we're looking for 32 1875. Okay, well,

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we're going to put a line on that. There's your market

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structure, swing projection, and 32. One 8.75 is your

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projected low. And the low in this candle comes in at 3219.

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The next candle here 32 18.75, perfect. 3218 seven, five,

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perfect, and everything else is higher. Perfect delivery

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folks. Low. Hi. Look at my examples in this YouTube channel.

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They're very similar to that now I would be taking profits

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parsable below here as well. And somewhere as it broke below

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here something to the effect of maybe 10 handles or

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something like that. But logically, you can go through

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intraday charts like this on a micro market structure basis,

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and find lots of precision elements that repeat over and

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over again. And you can use this model here and find many

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things that line up perfectly and on the scrub this as you

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can see, that's that half of a standard deviation. And

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again, the swing is this one up here. If you see that break

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below the bearish order block. That's your indication.

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Optimal trade entry. Perfect delivery needs to trade below

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that great how far can it go? Perfect delivery at 3218

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seven, five, and bam. There you go. Hope you found this

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insightful till next time. I wish you good luck and good

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trading