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Last modified by Drunk Monkey on 2022-03-06 11:26
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2 |1 |00:00:01,709 ~-~-> 00:00:11,189 |ICT: Alright, so I'm going to do a execution I got requested to show how I use this model. Fair I got very we had a market structure shift to the upside and
3 |2 |00:00:11,189 ~-~-> 00:00:31,229 |looking for a gap fill from Friday's close. So I'm going to go long here 12 micros and Emini, NASDAQ, or I'm sorry, micro Nasdaq futures contract. So look
4 |3 |00:00:31,229 ~-~-> 00:00:46,229 |for price to drop down into that fair value gap and look for a run above 14,001 60. Right now have my initial interest at 14,001 80. I'm thinking 14,000
5 |4 |00:00:46,259 ~-~-> 00:00:50,399 |to 20 is possible today, there's my limit entry.
6 |5 |00:00:55,439 ~-~-> 00:01:10,289 |Okay, now show you where we're at. So there's the closure of the fair value gap. Now I'm watching price I want to see it start expanding on the upside. I'm not
7 |6 |00:01:10,289 ~-~-> 00:01:19,709 |watching the number underneath that profit. Okay, that's not what I'm watching. I'm watching the candles is it constantly going towards that small little fair
8 |7 |00:01:19,709 ~-~-> 00:01:37,079 |value gap around 14,001 20 to 14,001 38 or so I want to see it go through that. Now I can start to consolidate in that area. And we accumulate for new Long's
9 |8 |00:01:37,319 ~-~-> 00:01:49,139 |kind of like a pausing maybe like think like a bull flag that's kind of like what I anticipate forming between 14 120 14 140 in that area, similar to what we
10 |9 |00:01:49,139 ~-~-> 00:02:02,489 |just watched right there. So if our expansion the upside solid looks good. I'm thinking I might take the limit order up to 14,000 to 20. But we'll see how we
11 |10 |00:02:02,489 ~-~-> 00:02:16,799 |trade above the short term high made prior to 10 o'clock in the morning. Nice little run above new equity high. Nice placement on the entry, it's probably
12 |11 |00:02:16,799 ~-~-> 00:02:29,189 |random. Alright, by side sitting right around that 4001 60 level that's in the crosshairs right now. Typically, you'll see it usually consolidate around here
13 |12 |00:02:29,189 ~-~-> 00:02:39,149 |maybe small little retracement gets there by thinking it's time to sell short. Remember, resistance ideas from retail are gonna see that 116 sec, I'm gonna get
14 |13 |00:02:39,149 ~-~-> 00:02:47,549 |short because it went down from there last time so I'm not thinking that I'm thinking it's gonna like SWAT bus through the door and run up into net 14,001 80
15 |14 |00:02:47,969 ~-~-> 00:03:02,939 |Am I adjust that here. Okay, so that's kind of like my best case scenario. And this is what I'm going to try to take six contracts off above here. So I'm
16 |15 |00:03:02,939 ~-~-> 00:03:15,539 |thinking if it runs there, I'll take six off the fund the position, roll the stops to even and then see if I can get that limit order it 14,002 20 So a
17 |16 |00:03:15,539 ~-~-> 00:03:19,019 |little consolidation around that fear of a gap level as I mentioned before
18 |17 |00:03:26,190 ~-~-> 00:03:36,810 |reaching into an order block now looking at Emini s&p Micro just to get a feel most like it wants to run as high as well. So it kind of like gives me fuel or
19 |18 |00:03:36,810 ~-~-> 00:03:42,060 |confidence that this is going to run up into that level. So I'm gonna take my six contracts off
20 |19 |00:03:49,770 ~-~-> 00:04:02,670 |and I'm gonna change my mind and close it here because it's getting real close to closure that gap. I might be wrong, but just for general principles 14,000 to
21 |20 |00:04:02,670 ~-~-> 00:04:21,780 |20, I think is fillable. Right, there's the business limit order filled. Again, I'll hover over top the entry so you can see it. Right there is your entry. And
22 |21 |00:04:21,780 ~-~-> 00:04:32,610 |it's not that it's the low candle. That's what I like to show you guys. There's the limit order exiting there. So hopefully found this insightful. James.
23 |22 |00:04:33,390 ~-~-> 00:04:36,390 |There's your example. Until next time, be safe.