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ICT YT - 2022-05-27 - ICT Mentorship 2022 Episode 35.srt

Last modified by Drunk Monkey on 2022-05-27 12:05
1 00:00:05,700 --> 00:00:17,160 ICT: Alright folks, welcome back. So we're willing after the holiday weekend, I'll be back next Tuesday. So here we have the Emini s&p daily chart. And you
2 00:00:17,160 --> 00:00:29,280 can see we have a nice delivery to the upside. And this withdrawal was inside this area in here, up into the bearish order block. Now notice we traded up into
3 00:00:29,280 --> 00:00:40,260 this up close candle with today's range didn't quite take out this high, I think that's the next area to look for. But in here, when we're looking at a candle
4 00:00:40,260 --> 00:00:51,540 that we're using fairly normal block, the low the open in the middle of the range. Those are three sensitive areas. As you're watching for, if the market
5 00:00:51,750 --> 00:01:05,070 trades up into the midpoint of that candle, this is what I call the mean threshold mean threshold was taken today. And that to me, bodes well for a
6 00:01:05,070 --> 00:01:16,050 continuation to take out this short term high. So if you take your fib and you run it across this candle to 50% level. Alright, here's the 50 minute timeframe.
7 00:01:16,170 --> 00:01:27,300 Here's just a streaming trade up into that small little area down here into that low. I mentioned that was going to be a likely candidate for upside, relative
8 00:01:27,300 --> 00:01:37,020 equal highs as well. We talked about down into a fair value gap. Optimal trade entry rallies or takes out buy sell liquidity above the short term high back
9 00:01:37,020 --> 00:01:45,540 here which I don't unfortunately have in my chart, but you can see that on your own 15 minute timeframe. And then when consolidated ahead of today, and then
10 00:01:46,410 --> 00:01:56,970 during the crossover into New York, Midnight has small little Judas swing or drops down crease a little the day rallies, leaves relative equal highs and here
11 00:01:56,970 --> 00:02:10,710 and this high intact. It drops down rallies once more small little retracement and then it does a shallow run above 4000 on this pasture here. In this small
12 00:02:10,710 --> 00:02:22,980 little area on lower timeframe. I used this little retracement to highlight a run to 4000 and gave you guys 4000 was my objective. You hit it and then we
13 00:02:23,010 --> 00:02:30,240 press deeper into the order block and the daily chart which creates this whole run here and I'm gonna go into the details about that here. But for now just
14 00:02:30,240 --> 00:02:41,970 know that we were trading up to this level failed to go to that same level consolidated rate below that daily bearish order block. That's the low of the
15 00:02:41,970 --> 00:02:51,240 candle that creates a daily bearish order block. And then the opening. When it comes a little bit higher, I think it's 4002. But don't hold me to it look at
16 00:02:51,240 --> 00:03:04,650 your chart. So we had a small little pass above 4000 and retraces back down in we'll look at the lower timeframes and all of this price action now. ended a
17 00:03:04,650 --> 00:03:22,410 five minute candle this run here to here. This price leg is part of this price like Okay, notice how this candle is high to this candles low that range. Okay,
18 00:03:22,410 --> 00:03:38,760 that range right there has one single pass whereas this one has one to notice that low, high small retracement and then a second level running. Because it had
19 00:03:38,760 --> 00:03:50,760 two stages to this delivery. I want to use this most recent one. And this is my dealing range. Short term low, the short term high. I run a fib on that. And I
20 00:03:50,760 --> 00:04:06,390 showed this in the short little vignette I posted on my Twitter by the way, the Twitter handle is I am the ICT Okay, so it's at symbol, capital I underscore a m
21 00:04:06,600 --> 00:04:20,040 underscore, t h e underscore IC T. Okay. So a lot of people were pretending to be me. And maybe they're just I don't know if it's fanfare or what it is, but
22 00:04:20,370 --> 00:04:28,050 some of them have asking for money. I'm not asking you for money. And I'm never gonna ask you to DM me I'm there to DMU Okay, so if it ain't been posted
23 00:04:28,380 --> 00:04:40,710 publicly on Twitter, it isn't me. Alright, so this dealing range here. I measured the low to the high the 2% as equilibrium. I'm gonna see it dropped
24 00:04:40,710 --> 00:04:48,360 down into discount this small little area down here, you got we want to look at that on the lower timeframe
25 00:04:54,330 --> 00:05:04,380 so from this room here to here, I know some of you are going to ask and some of them are bringing it up today. On Twitter, what about the times you said for the
26 00:05:04,380 --> 00:05:15,570 model, teaching you something that is outside of the model, as the reasons why you're not going to anticipate or see that typical setup. That's the whole point
27 00:05:15,570 --> 00:05:25,620 of why I did it today. Plus, I have a lot of personal things that take care of and administrative work in my private group. So with that said, the market
28 00:05:25,620 --> 00:05:40,650 rallies in here, drops down in the fear of a gap there. Once more about the 4000 level, and then going into here's a 30. By the way, this is a three candle. And
29 00:05:40,650 --> 00:05:54,840 you can watch when it trades right into that Vega. It rallies again, drops back down in. And then at 930. This candle here explodes, the upside takes off and
30 00:05:54,840 --> 00:06:11,550 start digging deeper into that. So we've traded up into almost the 4074 level looks like almost. So we'll be looking for a continuation, the upside 4095 4100
31 00:06:11,550 --> 00:06:20,430 is next consideration. I want to take you into the price action down here and give you more details as to why I was wanting to take something a bit earlier
32 00:06:20,430 --> 00:06:36,480 today. If you plot the NASDAQ June contract for 2022. And on the compare chart on trading view, if you go up into your trading view platform, you'll see a
33 00:06:36,480 --> 00:06:47,790 little plus symbol up here. If you click on that, it'll give you an opportunity to add another instrument. And you add this symbol here in QM 2022. And then
34 00:06:47,850 --> 00:06:56,130 it'll plot a line chart. But it's usually going to be plotted on the close like a default, you want to change that in the settings by just right clicking over
35 00:06:56,130 --> 00:07:03,390 here or highlight over top of it and it'll give you like a little gear or something. Click on that change settings to just change it to plotting on the
36 00:07:03,390 --> 00:07:15,240 low because you're comparing lows. As you can see, the NASDAQ went lower here. Whereas the Emini, s&p failed to go lower, that's an s&p divergence, okay. SMT
37 00:07:15,270 --> 00:07:25,530 Smart Money technique it's accumulating in here, whereas the NASDAQ is taking liquidity out. So it's a cracking correlation between the two, usually the move
38 00:07:25,530 --> 00:07:41,250 in tandem, but at certain times, what times 839 30 at news events being released, okay. They'll create this divergence. And if you have a bias, it's
39 00:07:41,250 --> 00:07:48,960 helpful. But if you don't know where it's going, you're going to in many times encounter what would look like s&p divergence, and then it disappears as they
40 00:07:48,960 --> 00:07:55,890 start moving in concert with one another. So you have to be careful with that. That's why I'm teaching. That's why I always teach, know what it's reaching for.
41 00:07:55,920 --> 00:08:03,780 Okay, the bias has been bullish. And for my framework for my setup, because I gave you 4000. And I had very little time to work with anything this morning. I
42 00:08:03,780 --> 00:08:13,710 just heard I saw the chart, I missed the actual ideal entry, I just used a close proximity entry within a roadblock. And there you go. So if you look at the
43 00:08:14,400 --> 00:08:26,790 relationship of that fear of a gap, dropping back down in higher low than that of a 30 versus the lower love meeting, NASDAQ, this is a stop out, this is
44 00:08:26,790 --> 00:08:37,470 accumulation of long's this is going to be the telltale sign that it's going to go higher. If you look at what we did on 830, it already snapped down into this
45 00:08:37,500 --> 00:08:54,180 gap. And it's not likely to go lower than that there's no need to Okay, so it's being compressed, basically like a spring or like more like a bomb really need
46 00:08:54,180 --> 00:09:07,830 to say so crude, but that's what it is. It's like waiting, and then all sudden, it explodes. It's waiting just below that daily bearish order block and it's
47 00:09:07,830 --> 00:09:17,250 digging up into that thing at range on that up close candle on the daily chart. So it's climbing up above and we watched to see if it gets to the mean threshold
48 00:09:17,250 --> 00:09:26,880 which is here for that pair shorter block. We're up close again on the daily chart, I was making reference to it to be in the video. Alright, so again, we
49 00:09:26,880 --> 00:09:38,820 can see zoom then price breaks back down into the fear of a gap After trading to the order block here. This is a 15 minute time frame order block all the way and
50 00:09:38,820 --> 00:09:48,300 then it rallies. Inside this little area in here. There's one small little pullback into a fear vacant on one minute chart. I'll leave that for you to go
51 00:09:48,300 --> 00:09:56,700 into and study. And here is the hourly chart I want to kind of give you like a market structure perspective.
52 00:09:58,260 --> 00:10:08,160 Here's where it's likely to be drawn to next So all of this movement down here, we completely rebalanced all that here is the fair value gap I had drawn on the
53 00:10:08,340 --> 00:10:18,240 lower timeframe chart just a moment ago before we move back up to an hourly chart. We have consolidated here ahead of running all the way up into this area
54 00:10:18,240 --> 00:10:33,030 here. So notice what was happening, we had a low retrace down into this low to high discount period a gap rallies, dealing range low dealing range high
55 00:10:33,120 --> 00:10:48,750 retraces down into discount, rallies, dealing range, low dealing range, high discount, fear, Vega waterblock, rally, consolidating, we rally come back down
56 00:10:48,750 --> 00:11:01,590 into the small or timeframe if your Vega s&t divergence and rallies and keeps pressing higher and higher and higher. So my question to you is, how many of you
57 00:11:02,160 --> 00:11:16,170 first didn't listen to me? When I say don't trade? too? Did you try to sell short? Why the bias has been bullish, it's likely to do what keep digging
58 00:11:16,170 --> 00:11:27,000 higher, we try not to pick tops. And look what this has done, we've had a low a lower low a sudden dramatic low that we came back up had a shift in market
59 00:11:27,000 --> 00:11:36,510 structure here, then we retreated back down to this imbalance. So we're seeing the market do what key going higher, keep going higher picking up discount
60 00:11:36,510 --> 00:11:47,280 levels, each time the algorithm is picking up more accumulated longs to press deeper into all of this range and likely trade into the buy side liquidity here.
61 00:11:48,450 --> 00:12:01,350 So you have to know what you're looking for narrative and bias. Also, what in this area, or over here would constitute a short. Because we have all this range
62 00:12:01,350 --> 00:12:10,650 in here, that it's not likely to go up and go straight all the way through all this stuff. That's a high resistance liquidity round, not that it can't happen,
63 00:12:10,650 --> 00:12:24,570 but it's likely to not form or p&l. Because we had so many supporting ideas in here, down close candles are supporting price. It's finding underlying order
64 00:12:24,570 --> 00:12:35,670 flow that is bullish. So it's likely to go up just to keep going higher, not go up go down. Because they go up to go down, we have all of these ranges that we
65 00:12:35,670 --> 00:12:47,460 will have to Pierce and break through. And that requires a lot of Mal intent, not selling pressure, okay. And the intent is to send this thing higher on the
66 00:12:47,460 --> 00:12:56,250 daily chart, which is why I took your attention to that initial gap on the daily chart. So if you found this one insightful, and hopefully you learned why today,
67 00:12:56,520 --> 00:13:06,060 the range expansion took place. Why was it not a short, we've been bullish, we've been looking for price to go higher. And just for clarity, think of
68 00:13:11,940 --> 00:13:21,750 4000 was my objective only because I mentioned 4000 During the commentaries this week, so when I was talking to you in lectures, I called this level. So I wanted
69 00:13:21,750 --> 00:13:32,880 to give you a point of entry. And then it's hard hitting it. And it was the whole point of me showing you a little vignette on Twitter today, showing you
70 00:13:32,880 --> 00:13:43,740 that I love what I was looking for how to frame a trade, how to set it up in you engage it because it was setting up this trade here. Take this for your notes.
71 00:13:44,940 --> 00:13:57,180 Because it gave nice run here earlier before seven o'clock in the morning. That means we're probably going to have a deep retracement. And look for an ideal
72 00:13:57,180 --> 00:14:11,310 scenario like we outlined with the SMT divergence. So SMT usually will occur around a 930 time period when there has already been a nice early run before
73 00:14:11,310 --> 00:14:21,630 seven o'clock or at seven o'clock. So we got real close to seven o'clock here. But I'm not. I'm not limited to this model. And as some of you were questioning
74 00:14:21,810 --> 00:14:32,670 with kind of like pointed remarks on Twitter, you know, well, what are we doing here? Why are we not using the timeframe that's used for the model? I'm showing
75 00:14:32,670 --> 00:14:43,410 you again, just proof that these things deliver as I teach them. Now, I have not only taught what I've revealed on YouTube, I have lots of students I have
76 00:14:43,410 --> 00:14:53,580 students in my pay group. I have casual people that come through and you know, watch one video two videos, and I want them to see things that's being taught
77 00:14:53,580 --> 00:15:08,580 from my library of concepts. So if I can see this setup Are early in the day before the seven o'clock in the morning. To me, it gives me insight, it gives me
78 00:15:09,060 --> 00:15:20,430 an expectation around what the 930 opening is going to be like. So if I get an early run like this, my first thought is I need to go to SMT later on at 930
79 00:15:20,430 --> 00:15:28,860 because it's probably going to require some kind of a cracking correlation to set up the next leg if it's going to have one. Okay? It's Thursday. Tomorrow's
80 00:15:28,890 --> 00:15:37,590 Friday, we're gearing going to a holiday weekend. I will not be trading tomorrow will not be trading on Monday. Going to be doing one video from my private group
81 00:15:37,830 --> 00:15:49,980 tomorrow, and it's probably going to be an early video. Not so much a commentary for price action because you know, it's a weekend and Memorial Day is on Monday.
82 00:15:49,980 --> 00:16:02,730 So volumes probably gonna be light on Friday. So if you're gonna be trading, you study in the morning session lead the afternoon to in the gamblers. Volume just
83 00:16:02,730 --> 00:16:10,890 probably won't be on your side in the afternoon. Everybody's gonna be going away for a long weekend. And don't trade on Monday. Take the day off, enjoy it have
84 00:16:10,890 --> 00:16:19,380 hotdogs, hamburgers, relax, do what you got to do. Be a family person. And we do all the same. And until I talk to you, Lord willing next Tuesday. Enjoy your
85 00:16:19,380 --> 00:16:20,880 weekend and your hobby. Be safe.