ICT YT - 2022-05-18 - ICT Mentorship 2022 Episode 30.srt
Last modified by Drunk Monkey on 2022-05-18 09:18
| 1 | 00:00:00,000 --> 00:00:11,370 | ICT: All right, folks, welcome back. So today, we had Fed Chairman speaking at two o'clock in the afternoon, you can see that here. Now I'm gonna kind of work |
| 2 | 00:00:11,370 --> 00:00:25,650 | backwards today. And I'm gonna talk about the one minute chart work our way back out to a higher timeframe. So it's kind of like a bottom up analysis. So ahead |
| 3 | 00:00:25,650 --> 00:00:38,880 | of the two o'clock in the afternoon, Fed Chairman jawboning session, we seen this little Judas swing here, and notice that it just fell short. The morning |
| 4 | 00:00:38,880 --> 00:00:47,670 | high in the high comes here, and 12,005 35 and a half. And over here in morning session. |
| 5 | 00:00:53,340 --> 00:01:07,800 | 12,005 35 and three quarters, felt one quarter of a point or one tick short of the high. So it runs up after cleaning relative equal highs, then breaks lower, |
| 6 | 00:01:08,220 --> 00:01:23,070 | no model short in here, then the market drops once more below relative equal lows. Now what are these lows here? These are the lows in launch our new york |
| 7 | 00:01:23,070 --> 00:01:32,790 | launch, here's noon to one. And I taught you in the mentorship that many times when there's an afternoon continuation to the upside, you'll see that the lows |
| 8 | 00:01:33,090 --> 00:01:46,800 | at lunchtime will get swept. And we're seeing that here. Now I dug down deeper into an area which I did a recording for Twitter today, and my chart didn't have |
| 9 | 00:01:46,800 --> 00:01:54,360 | this, I thought I had it because I was looking at another monitor. But this is the imbalance that I was looking at that, unfortunately doesn't appear in there. |
| 10 | 00:01:55,290 --> 00:02:03,150 | But it's there, obviously, and it's below the relative equal lows. And the market drops down below that. And then all of this right here was manipulation. |
| 11 | 00:02:03,540 --> 00:02:13,860 | And there was lots of manipulation. Initially, the market rallies up. And what I was outlining here, at the time on the recording, I had this actually misspelled |
| 12 | 00:02:13,860 --> 00:02:22,650 | had racked. It should be rigged as it shouldn't. I think that's the right spelling I'm even questioning and again now. But these are implying here is that |
| 13 | 00:02:22,650 --> 00:02:32,310 | long holders were raked across the coals not permitted to profit on the 12,583 and a quarter run. So it starts off like it's going to go up to that level we |
| 14 | 00:02:32,310 --> 00:02:42,090 | were looking for, and fall short of it breaks down. So what's actually happening is five stops are being triggered. So anyone that wants to go long on like bull |
| 15 | 00:02:42,090 --> 00:02:52,260 | flag patterns and things like that, or breakout traders they're buying, and then they're getting taken against their long withdrawal down until they've either |
| 16 | 00:02:52,260 --> 00:03:00,930 | stopped out or if they don't have stop losses to get squeezed out to can't take it anymore. They just bail out below the relatively equal lows, any long holders |
| 17 | 00:03:00,930 --> 00:03:08,520 | from the morning. They have trailed their stop loss below here. So they take them out. Why? Because they don't want them being able to profit to the real |
| 18 | 00:03:08,520 --> 00:03:17,490 | move. What was a real move, I hinted at 12,005, three and a quarter. That was a drop in liquidity. So we took out the New York lunch lows here. And what I was |
| 19 | 00:03:17,490 --> 00:03:27,690 | suggesting here is shorts are about to be squeezed as it rips higher into 12,500. That should be 553. Sorry, that's a misprint there. You all know what |
| 20 | 00:03:27,690 --> 00:03:36,270 | that is because it's right here. But I was being facetious while I was recording because as I was watching, I was watching it run out, then it broke down. I was |
| 21 | 00:03:36,270 --> 00:03:46,620 | like, okay, they're going to take the liquidity out below here and dig into this imbalance, pick up some more orders. I got one off. As far as a long, it a |
| 22 | 00:03:46,620 --> 00:03:56,460 | really poor entry, but they're also really focused on just being below these relative equal lows, I was fine. And My stop was here. He as you'll see in the |
| 23 | 00:03:57,210 --> 00:04:12,750 | little vignette, I put on my Twitter feed. And you can find me on Twitter at the at symbol, capital I underscore a m underscore the th e underscore ICT in other |
| 24 | 00:04:12,750 --> 00:04:25,650 | words, so anyway, that little recording shows me getting in here. And it's below the lows. And I was outlining how this is not a very good go short and it's |
| 25 | 00:04:25,650 --> 00:04:33,990 | resistance don't look at like that. It went up a little bit, maybe annotation annotation rather than this was not resistance. It's going to lift off from |
| 26 | 00:04:33,990 --> 00:04:43,650 | here. And it went down to an order block started rallying. And I was basically outlining the internal dialogue of those individuals that may be short from like |
| 27 | 00:04:43,650 --> 00:04:53,310 | 12,005 30. And they're supposed to be right here. And I was kind of like saying, what would you feel if you were short from up here? Would you feel safe? |
| 28 | 00:04:53,520 --> 00:05:02,940 | Certainly, you would feel safe. But I said watch how that changes and now suddenly starts running up and then in here, we have order blocking trades. And |
| 29 | 00:05:02,970 --> 00:05:12,930 | that multiple times rallies up a fair value gap on outline that it didn't get into it, but I was allowing for that type of movement. And then at three |
| 30 | 00:05:12,930 --> 00:05:21,660 | o'clock, we algorithms will start to spool price in a direction for the liquidity, which was that 12,000 553 and a quarter level, which had hammers |
| 31 | 00:05:22,890 --> 00:05:40,860 | there. And I'll put the business over here. And you will see that you should be seeing what I told him eyes are not that good. So far, about to 12,004 17 and |
| 32 | 00:05:40,860 --> 00:05:44,850 | three quarters. So just below this 20 level here, |
| 33 | 00:05:45,930 --> 00:05:54,780 | mainly focusing on this, because I missed the opportunity of getting in, during this little imbalance there. So that fair value got I wanted to be in there. |
| 34 | 00:05:55,110 --> 00:06:04,260 | Unfortunately, I didn't get the position on in time, and it was over here on this candle. So I wasn't quick enough on the draw. So your market trades back |
| 35 | 00:06:04,260 --> 00:06:16,500 | down into the order block and look at how it delivers with that fear Vega. Look at that beautiful delivery revisits there with the order block, rallies up |
| 36 | 00:06:17,460 --> 00:06:31,410 | pause, sends a higher order block sends a higher consolidates rate below the target we've been looking for. And then they pump it up into a view here, a |
| 37 | 00:06:31,410 --> 00:06:49,500 | 12,000 by five, three and a quarter and above. And again, a fill exits, and that's the business there. Let's go and take some of this off. We don't need to |
| 38 | 00:06:49,500 --> 00:07:12,510 | see this anymore, we don't need to see that anymore. We don't need this. Not need that. Okay, and I'm gonna take you to a five minute chart. Okay, now it |
| 39 | 00:07:12,510 --> 00:07:28,650 | doesn't look so obvious in here as to what may be available. But we just bought below that high, early on in the morning, then broke down. And all the liquidity |
| 40 | 00:07:28,650 --> 00:07:40,770 | resting above here was treating the retail market like PE you can trust us you This is resistance is not going to go up there. And then when it starts to sell |
| 41 | 00:07:40,770 --> 00:07:49,050 | off like this, notice that my model did not give a setup this morning or not this morning. But this afternoon, it didn't give this setup in here, even though |
| 42 | 00:07:49,050 --> 00:07:58,290 | it didn't run by side, it did sell off, it did not get a setup. Notice that it's important to notice that. So some of you are fearful what happens if I take a |
| 43 | 00:07:58,290 --> 00:08:09,390 | tray and it's wrong. Hopefully you see that not It's not like this all the time. But you'll find that when the markets really in sync. These algorithmic |
| 44 | 00:08:09,390 --> 00:08:21,540 | principles will not appear in markets that are not likely to deliver as I'm showing. So it's not a panacea, it means it's not going to work all the time. |
| 45 | 00:08:21,570 --> 00:08:30,450 | But hopefully you can see that there are times when the market does sell off. But it doesn't give us a setup, but then it creates the real move the other |
| 46 | 00:08:30,450 --> 00:08:40,170 | direction, where you can find my setups and the formations of the periodic app and such. So obviously, you can see that the market did in fact, trade down into |
| 47 | 00:08:40,710 --> 00:08:52,530 | the imbalance on that one minute chart. And it rallies from there into the 12,553 level. We'll take that level off now. And I want to go out to a 15 minute |
| 48 | 00:08:52,530 --> 00:09:04,440 | timeframe. I don't wanna spend too much time here. We had an imbalance in here, it trades down into that as well on the 15 minute timeframe, optimal trade entry |
| 49 | 00:09:04,950 --> 00:09:18,990 | here and realize up for the most liquidity, again, aiming for at 12,000 553 and a quarter. And we'll look at the 60 minute chart Okay, in the market, trades |
| 50 | 00:09:18,990 --> 00:09:31,830 | back down into all of this here and rallies up. And this was that area I was telling you about a week or so ago. This is what we're looking for. I mentioned |
| 51 | 00:09:31,830 --> 00:09:47,250 | that on my community tab on my YouTube channel. And we have now just pressed up into that area. So let's go here do this we'll use this one. You can see within |
| 52 | 00:09:47,250 --> 00:09:59,130 | the clear that that's where that 12,003 level in a court rather, came from. I'm not suggesting that we're making a high here to go lower. The next area on the |
| 53 | 00:09:59,130 --> 00:10:11,940 | upside You know, it's really sloppy here, I would look for this one here next. What is that high 12 624 even. And if we start to really run, we can revisit |
| 54 | 00:10:11,940 --> 00:10:20,940 | this area here, but I'm not going so far as to say that right now, but just look for this one here. That's, that's a nice when they look for the next upside |
| 55 | 00:10:20,940 --> 00:10:34,320 | right there. I think that's a fair one to to anticipate and study. And I think that is going to be it. No, I'm gonna show you more timeframe daily chart |
| 56 | 00:10:48,420 --> 00:10:59,520 | there we go. Rather equal highs in here. We ran up into that space, that whole business based on the daily chart, as I was talking about in I don't know what |
| 57 | 00:10:59,520 --> 00:11:09,000 | episode was recently in the mentorship on YouTube. So hopefully, you guys can see that that is, in fact, what we were working with for daily bias. Yes, you |
| 58 | 00:11:09,000 --> 00:11:21,270 | know, the market did in fact, create, you know, a big run lower, and then create another run lower here. But that wasn't my setup. I was drawing everyone's |
| 59 | 00:11:21,270 --> 00:11:31,320 | attention up to that 12,005 by three level. And this was the run that I liked. And this is the one that was the hunt. Okay, and here's that little here and |
| 60 | 00:11:31,320 --> 00:11:47,700 | there. So, anyway, not a whole lot of money through that paper trade, a little over $5,000 in terms of hypothetical profit, but hey, it worked. You guys can |
| 61 | 00:11:47,700 --> 00:11:58,710 | see that the effects of it. And it's a little bit of an advanced idea, but I did teach about the general factors that go behind pm or afternoon session trading. |
| 62 | 00:11:59,190 --> 00:12:06,750 | If you're bullish, and it consolidates and launch, find the lunch lows, wait for it and run that out. And then they'll resume and it's really out of the |
| 63 | 00:12:06,750 --> 00:12:13,530 | teachings in his mentorship on this YouTube channel. So hopefully you found this one insightful and I will touch base with you again on Thursday. Lord will |