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Last modified by Drunk Monkey on 2022-05-21 17:27
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2 |1 |00:00:05,879 ~-~-> 00:00:21,449 |ICT: artbooks Welcome back. This is our final meeting for the week. And this completes my daily review for the 2022 ICT free mentorship on YouTube series. So
3 |2 |00:00:21,449 ~-~-> 00:00:34,199 |we finally made it run below that may 1220 20. Low here. And I want to take your attention into the hourly chart
4 |3 |00:00:45,720 ~-~-> 00:00:55,920 |All right, so here's the trading day, for Friday. And we'll look at this when we get to it.
5 |4 |00:01:01,530 ~-~-> 00:01:17,700 |Alright, so consolidated market ran up to stop on my final balance on the paper trade, we moved into a deeper fair value gap, greeting the high of the day, we
6 |5 |00:01:17,700 ~-~-> 00:01:31,110 |broke down below the 3915 and a quarter level. Now for me, this was the turning point that I required, like I didn't want to do anything prior to this run here.
7 |6 |00:01:31,560 ~-~-> 00:01:45,990 |I did a commentary on the Twitter spaces, portion of their service or whatever, where you basically just get to hear someone talking in the jawbone for a little
8 |7 |00:01:45,990 ~-~-> 00:01:57,750 |while. Now 830 to 10 o'clock, I spent about 90 minutes just covering a lot of different things from psychological things to personal things and trading and
9 |8 |00:01:58,500 ~-~-> 00:02:14,700 |how my children are, with the exception of one not really interested in trading. But now I have one of my sons that are actively pursuing. And now, obviously,
10 |9 |00:02:15,000 ~-~-> 00:02:36,660 |he's given me permission to show you his account here. It's a it's a live account. Okay, so you can see. He got his account up today. Here. So, previously
11 |10 |00:02:36,660 ~-~-> 00:02:48,360 |balance was mentioning and showing you earlier, I showed you a little clip on Twitter, previous balance after commissions, he had $9,751.60. And today, he
12 |11 |00:02:48,360 ~-~-> 00:03:04,500 |added another $3,700 to it, bringing this balance the 13,004 and $51.86. That would essentially be in three weeks, like 300% return, or number one spot on the
13 |12 |00:03:04,500 ~-~-> 00:03:20,940 |province leaderboard in less than a month. Now, obviously, amp allows you to trade with the amount of leverage days, you exceedingly lower than that of what
14 |13 |00:03:20,940 ~-~-> 00:03:32,220 |Robins would do. That kind of return, obviously, is not typical. Okay, I'm not promising any of you, you're gonna get that. And yes, he's my son. So he has a
15 |14 |00:03:32,220 ~-~-> 00:03:43,350 |lot of experience sitting next to him. So when we're looking at charts together, I'm kind of like, leaning on my experience and asking him what he sees.
16 |15 |00:03:43,680 ~-~-> 00:03:51,870 |Basically what I'm doing with you all, when I'm training you. Okay, I'll prompt you, I'll say, what do you see here? And what do you see there, so that we can
17 |16 |00:03:51,900 ~-~-> 00:04:02,640 |build his understanding as the charts are painting. And he gets the poster buttons on his own, deciding whether he wants to get in or get out. And there it
18 |17 |00:04:02,640 ~-~-> 00:04:14,670 |is. And today, I was utilising that swing low there. So I wanted to see that break. So during the time on Twitter, I wasn't really interested in anything
19 |18 |00:04:14,670 ~-~-> 00:04:25,140 |until that low was taken out. And you can hear that in the discussion. Wanting this, see this low break. I was giving it an opportunity to see if there was
20 |19 |00:04:25,140 ~-~-> 00:04:35,070 |going to show a willingness to come up here and run these highs that could very well happen. Hit that and then did all this business here. But it just so
21 |20 |00:04:35,100 ~-~-> 00:04:44,220 |happens that it breaks the 30 Minute 15 and a quarter level here and then right in there, I'll explain how I personally would have been involved in how I
22 |21 |00:04:44,220 ~-~-> 00:04:54,420 |actually was talking to my son about it and these types of ideas helped him propel his account today. The market trades below the short term low here, took
23 |22 |00:04:54,420 ~-~-> 00:05:03,510 |some sell side out there and then ultimately taking out the 3055 level. rather handsomely. And we'll look at all this business when we drop down lower
24 |23 |00:05:03,510 ~-~-> 00:05:13,350 |timeframes. Let's look at a 15 minute timeframe. Alright, so here's that fear of it got worked up into, I wasn't interested in all this business back and forth
25 |24 |00:05:13,350 ~-~-> 00:05:25,020 |chopping around. Finally, with the 3915, and a quarter level, it broke through it. And then we had a gap in here, which we'll see on the lower timeframes that
26 |25 |00:05:25,500 ~-~-> 00:05:35,070 |was, in my opinion, the better trade. Now some of you are going to look at this and say, well, it didn't go to a premium. I'm teaching you how to find the
27 |26 |00:05:35,100 ~-~-> 00:05:47,790 |highest probability, and also trusting the model. I'm not limited to just one model. Okay, so I kind of like want to preface it by saying that I don't want
28 |27 |00:05:47,790 ~-~-> 00:05:57,420 |you thinking that I'm just this one trick pony, that I can only do what I'm taught in this model. I know some of you want me to sit down every single day
29 |28 |00:05:57,450 ~-~-> 00:06:02,310 |and give you the example of that model. But to do that, that takes away
30 |29 |00:06:03,930 ~-~-> 00:06:13,560 |that discovery for you. Like you got to go into your charts and find them. And then by building a backlog of old data, showing those types of moves, it helps
31 |30 |00:06:13,590 ~-~-> 00:06:24,030 |obviously, with your confidence, it builds your own pattern recognition. And it just, this is the way you're supposed to do it, period, you know, I'm not going
32 |31 |00:06:24,030 ~-~-> 00:06:29,820 |to do it for you, I'm not going to hold your hand for you. I've taught you what it looks like and how to find it, where it forms that when you go through it.
33 |32 |00:06:29,820 ~-~-> 00:06:41,280 |And you look for it to form in your own charts, and collect the examples of it. That's backtesting. So anyway, it runs through 3072 and a quarter creates
34 |33 |00:06:41,280 ~-~-> 00:06:49,800 |another opportunity. And here you can actually see the fair value got their trades, that's another short, worth lower, finally creating the short term low.
35 |34 |00:06:50,100 ~-~-> 00:07:03,690 |And at 130. That's when we start watching the Afternoon pm session. It rallies up creates short term high in here, fair Vega. The last hour of trading rallies
36 |35 |00:07:03,690 ~-~-> 00:07:11,250 |back up into a fear of a gap here. So if you look at the range from here to here, it goes back to a premium that taught you that sets a target this
37 |36 |00:07:11,250 ~-~-> 00:07:27,420 |imbalance, fair a gap, reversal on Fridays, trading up into an own amounts there. Okay, so my son participated in shorts. And here, it took two shorts, and
38 |37 |00:07:27,420 ~-~-> 00:07:43,050 |went long in here, all throughout this and was able to, again, push his account up $3,700. Today, we go into a five minute chart. Here is that same idea where
39 |38 |00:07:43,050 ~-~-> 00:07:53,790 |it went created the low 130 It starts doing its business was it reaching for gonna go back into the middle the range into a premium. This is the array above
40 |39 |00:07:53,820 ~-~-> 00:08:04,950 |half the move from here to here is 50% equilibrium. And this is the premium level. So it goes down small little drop down in here into the Faraday gap after
41 |40 |00:08:04,950 ~-~-> 00:08:16,320 |three o'clock, and then the market starts sending it into an algorithmic spool or all this price action starts running aggressively into the close up into a
42 |41 |00:08:16,320 ~-~-> 00:08:26,310 |completely random level that was shown on the hourly chart. And here we have the market trading right up into that area and then this consolidation going into
43 |42 |00:08:26,310 ~-~-> 00:08:46,410 |the close. So now the idea of looking for a setup any go into let's go into this little area right in here. Here's that fear of a gap there, it rallies up into
44 |43 |00:08:46,410 ~-~-> 00:09:00,960 |it there in there, then breaks lower in here, so if I have a gap, it trades up into there, and sales off. Notice that it's occurring at the levels that I have
45 |44 |00:09:00,960 ~-~-> 00:09:11,100 |here on the chart, those old lows where sell side would be resting. So we're using the fear of a gap after a run below. In other words, think of it like
46 |45 |00:09:11,340 ~-~-> 00:09:23,160 |support broken. Return back into the fair value gap not listen, folks, listen, not go back to the old low broken and act as resistance. Okay, that's not how I
47 |46 |00:09:23,160 ~-~-> 00:09:30,060 |look at it. If the fair pay gap doesn't exist. I don't trust that level as an old support broken term resistance. That's why I try to tell everybody that
48 |47 |00:09:30,060 ~-~-> 00:09:41,340 |comes to me. Oh, he's just trading, breaking retest or he's trading support and resistance. I'm not because I classify specific levels beforehand, looking at
49 |48 |00:09:41,340 ~-~-> 00:09:49,290 |them with the logic that the markets going to create these patterns around them. Same thing here old low, the fair value gap trades up into it. Why didn't they
50 |49 |00:09:49,320 ~-~-> 00:10:01,950 |just stop at the 3072 and a quarter level because it's going into the imbalance here then delivers going lower? So the two shorts are in here in here. Long's
51 |50 |00:10:03,180 ~-~-> 00:10:16,380 |ran in here, here, and in writing up into the amounts, okay. And it's real hard to beat a Live account proving it. And it's all the better when it's your own
52 |51 |00:10:16,380 ~-~-> 00:10:27,510 |son pushing the buttons and seeing happen. So that's a really good feeling as a dad. So hopefully, with what I shared this week, I gave a lot of content. And
53 |52 |00:10:27,960 ~-~-> 00:10:38,610 |today, I just wanted to understand what it was and why I was not willing to take a trade yet, because I wanted this level, that 3915 and a quarter level to be
54 |53 |00:10:38,610 ~-~-> 00:10:52,020 |broken. I wanted that to happen first. And to do that, because on the 15 minute timeframe, that gives me that break where it's all up here, it's just it's
55 |54 |00:10:52,020 ~-~-> 00:11:00,450 |consolidated. I don't want to catch a break below a short term low, and then run relative equal highs. Notice that that's the reason why I'm picking that because
56 |55 |00:11:00,450 ~-~-> 00:11:04,320 |I know you're all asking, Well, why didn't you use any of these short term lows being broken?
57 |56 |00:11:04,830 ~-~-> 00:11:13,710 |You could have if you want to be ultra aggressive, I wasn't willing to be ultra aggressive because we have a lot of volatility in these markets right now. So I
58 |57 |00:11:13,710 ~-~-> 00:11:24,000 |want to know that I know. So this short term low, that's why hadn't noted I told you about it in the commentary today, listening to me on Twitter, breaking
59 |58 |00:11:24,000 ~-~-> 00:11:37,320 |through, you don't see the gap here on the 15 timeframe, but it's appearing on the five minute chart. And that's what my son employed as his trade. And then
60 |59 |00:11:37,350 ~-~-> 00:11:46,230 |down in here, there was another trade. And down here, there was no trade. And then here's a trade. So the key levels that I note, they're not just
61 |60 |00:11:46,230 ~-~-> 00:11:57,630 |indiscriminate levels, they're levels that are built on the logic. And it's based on liquidity, not support and resistance, its liquidity, the orders I know
62 |61 |00:11:57,630 ~-~-> 00:12:09,870 |are going to be there based on the logic that the markets likely to do what it's going to reach for that 3055 level only if we break below here, and then we have
63 |62 |00:12:09,870 ~-~-> 00:12:20,370 |a fair Vega. And then we break this level here, and does it get another pair of Vega Yes. And then delivers even more. So it's a matter of all these things
64 |63 |00:12:20,370 ~-~-> 00:12:33,720 |coming together as a confluence, not just one thing. Leading to that's the conclusion. That's the, the exercising of the pushing of the button. It requires
65 |64 |00:12:33,720 ~-~-> 00:12:43,380 |a lot more things. And that's kind of like when I was helping you with yesterday. And hopefully this morning, if I was successful, at least, I was
66 |65 |00:12:43,380 ~-~-> 00:12:50,820 |hoping I was successful. Some of you are really coming back with feedback on Twitter saying it was it was helpful. And you seen it. Some of you actually took
67 |66 |00:12:50,820 ~-~-> 00:13:00,000 |trade, some of you actually did demo and paper trades and you see it, you actually participated in it. But when I said this morning, when I was closing
68 |67 |00:13:00,000 ~-~-> 00:13:10,710 |the presentation on Twitter, where I was audibly heard, you can't see my charts, I was kind of like discussing things and certain levels. What I was saying was,
69 |68 |00:13:10,740 ~-~-> 00:13:20,700 |I don't have a setup yet. It's sloppy. And what it was doing is all of this in here. Okay, so as we got to the 10 o'clock hour, I told you, I wanted to be off
70 |69 |00:13:20,700 ~-~-> 00:13:28,740 |air at 10 o'clock, because I'm anticipating the algorithm taking that low out and it does and then it creates the pattern I taught you, which is the fair
71 |70 |00:13:28,740 ~-~-> 00:13:39,240 |value gap, we have the displacement. And I want to see it take off. Now, if you look at this displacement lake here, you're going to want to measure that and
72 |71 |00:13:39,240 ~-~-> 00:13:48,360 |say, Well, okay, it didn't go to a what? Premium. I don't expect it to go to a premium in here cuz it's going to be a hurry to do what? Get down below that
73 |72 |00:13:48,420 ~-~-> 00:14:00,180 |3855 level for the week. So let's go more time back into the lower timeframe. Obviously, the first time timeframe. Scrub back here
74 |73 |00:14:08,880 ~-~-> 00:14:21,900 |Okay, so here is that returning to the fair pay gap here. So when it does this, I'm looking for it to move quickly away and start gravitating towards the other
75 |74 |00:14:21,900 ~-~-> 00:14:39,660 |pool of liquidity down here. If you're looking at it from the relationship of short term feeling range, this swing high swing low. We have our fair value gap
76 |75 |00:14:39,660 ~-~-> 00:14:51,030 |here. It trades up into it there and that level 3915 and a quarter. So it's a confluence of several things, but the level itself this highlights where the
77 |76 |00:14:51,030 ~-~-> 00:15:02,460 |liquidity would be. The imbalance is what I'm keying off of and what I'm focusing on. So, equilibrium or up Oh, this what? Premium? That's what this is
78 |77 |00:15:02,460 ~-~-> 00:15:12,930 |here. Okay, that's on a one minute chart. So don't be discouraged or look at it from a perspective that, hey, you know, the market didn't go to a premium. You
79 |78 |00:15:12,930 ~-~-> 00:15:21,510 |just don't have the experience to see it yet. You got it, you have to do this for a while, folks, it isn't a watch one time. And then you know it, like it
80 |79 |00:15:21,540 ~-~-> 00:15:31,200 |takes some effort on your part. But I promise you, if you work at it, you're gonna get it, you're gonna get it. And then once you have it, you can't forget
81 |80 |00:15:31,200 ~-~-> 00:15:40,950 |it. It's like riding a bicycle. Okay, so hopefully this has been insightful to you. Hopefully you learned something this week. Hopefully, I was able to propel
82 |81 |00:15:40,950 ~-~-> 00:15:51,030 |your understanding a little bit beyond what you were thinking was about all you're going to get from me for 2022. I have obviously some more things I want
83 |82 |00:15:51,030 ~-~-> 00:15:59,070 |to share with you. But hopefully, you know, you enjoyed this week with me, and I'll touch base with you on next Tuesday and Lord willing, until then, enjoy
84 |83 |00:15:59,070 ~-~-> 00:15:59,970 |your weekend. Be safe.