ICT YT - 2022-06-13 - Index Futures AM Session Review - 06132022
Last modified by Drunk Monkey on 2022-07-09 07:14
| 1 | 00:00:02,100 --> 00:00:14,280 | ICT: Alright folks, this is our first of daily reviews for the am and pm session for the index futures market. Now, this is just so you can go back and look at |
| 2 | 00:00:14,280 --> 00:00:22,440 | what you were observing and also how you're journaling, what setups should be highlighted in the morning session. And in the afternoon session, if there is a |
| 3 | 00:00:22,440 --> 00:00:30,450 | session setup, I'll share it if there isn't, I'll share that as well. But it's just to train your eye to get you used to doing it and how you should be |
| 4 | 00:00:30,450 --> 00:00:38,460 | focusing on journaling each day. Obviously, each time you do this, you will be filling in the empty spaces in your chart, with your own personal observations |
| 5 | 00:00:38,460 --> 00:00:46,740 | and notations do not just simply copy what I'm doing. Because otherwise, it's like watching Netflix, and it's not the same as learning. Alright, so I give a |
| 6 | 00:00:46,740 --> 00:00:57,000 | live session yesterday on YouTube, I mentioned that we would likely see a gap lower opening, we got that here. And before I get into any further, the question |
| 7 | 00:00:57,000 --> 00:01:03,330 | is going to be here's how that I know is going to have a big run lower like this and attack that low. That's the question you're gonna be having. And the answer |
| 8 | 00:01:03,330 --> 00:01:12,630 | that is, look at this high to the high on the s&p versus this high to the high in the NASDAQ. Over on the right hand side, this is NASDAQ daily chart on the |
| 9 | 00:01:12,630 --> 00:01:25,650 | left hand, it's the Emini s&p daily chart, this is s&p divergence. So lower, high, higher high. If we took out the lows here, then it would be reaching for |
| 10 | 00:01:25,650 --> 00:01:32,010 | this and if it goes below that, it's gonna go for the sell side liquidity now that I know it's gonna gap lower with that opening, because it's extremely |
| 11 | 00:01:32,040 --> 00:01:42,150 | bearish. And there's nothing over here with a gap. It's just the old low. And it's opening up on a new week. So this was a very precipitous drop last week. So |
| 12 | 00:01:42,150 --> 00:01:52,200 | it's going to have the likelihood of a gap lower opening, and we got that the roles I gave you that I'd be looking for. Concerning that opening gap. If we |
| 13 | 00:01:52,200 --> 00:02:00,360 | opened with the gap, which we see here, obviously, we did, and we do not take out that low before New York session, then I would look for a run to try to |
| 14 | 00:02:00,360 --> 00:02:12,510 | attack that gap. And then look for a sell. But we took out that well before New York session. So there was no buy opportunity to do that. It just attacked the |
| 15 | 00:02:12,510 --> 00:02:20,760 | sell side liquidity and just kept on going. So there is no trying to to attack that gap. If we take out that low, they're going to be wanting to expand that |
| 16 | 00:02:20,760 --> 00:02:28,800 | lower. And obviously the same thing can be said for NASDAQ. By five minute chart, this is the format we're going to be doing daily five minute and right |
| 17 | 00:02:28,800 --> 00:02:42,690 | into the chart that has the setup. Right away you can see another s&p Divergence lower high on E Mini s&p and higher high on NASDAQ. The s&p there and this is |
| 18 | 00:02:42,690 --> 00:02:52,410 | the old low. Okay, and this is the respective old low on the daily chart. That's what that line is opening price at 830 on NASDAQ opening price on 930. Equities |
| 19 | 00:02:52,410 --> 00:03:06,480 | opening and same thing here being at 930 for equities open on s&p and the opening price on s&p at 830 Do you to swing here Judas swing here and off to the |
| 20 | 00:03:06,480 --> 00:03:16,590 | races we go so let's get right into the lower timeframe chart. Here is the one minute chart pause the video okay if you didn't pause the video you will be |
| 21 | 00:03:16,620 --> 00:03:28,740 | missing the opportunity here. In here is the high that made the s&p divergence here higher high in NASDAQ lower high in s&p. Here is your fair value got short |
| 22 | 00:03:28,740 --> 00:03:39,840 | term low being taken to have shifted market structure. Inside this is your fair value gap your stop would be here Nast NASDAQ same thing, short term low here, |
| 23 | 00:03:39,870 --> 00:03:54,180 | market structure, shift internally fill a gap right here stop would go here and there's the setup for the morning session here. High short term shift and market |
| 24 | 00:03:54,180 --> 00:04:02,910 | structure fair value got trades up into it stop would be here never got stopped. Lower prices for the morning session. Market structure shift here fear of a gap |
| 25 | 00:04:02,940 --> 00:04:11,430 | trades up into it stop and go here. rolls through for the morning session. Hopefully kind of insightful until I talk to you next time. Be safe |