ICT YT - 2022-06-13 - Index Futures PM Session Review - 06132022

Last modified by Drunk Monkey on 2022-07-09 07:14
1 00:00:03,870 --> 00:00:13,020 ICT: Alright folks, welcome back. This is the pm session review for the index futures markets, even the s&p on the left NASDAQ on the right. Obviously, this
2 00:00:13,020 --> 00:00:27,360 is, again, a continuing amplification of the free ICT mentorship on YouTube for 2020. This is just for your review, obviously, and you're welcome to add any
3 00:00:27,360 --> 00:00:38,520 annotations and observations in your charts as well do not use simply mine. Otherwise, you're missing the point of the exercise and review. Alright, so take
4 00:00:38,520 --> 00:00:56,910 a look at what we have here. Pause the video, study and see what you see. I am going to pause the video now. Alright, so we have a big down day today that went
5 00:00:56,910 --> 00:01:04,350 straight from an opening gap on Sunday, no attempt to fill the gap prior to taking out the daily low. And if you don't know what I'm referring to look at
6 00:01:04,350 --> 00:01:13,230 the am session for the same date of this review. This is the pm session. So there's two sessions in stock indices that we're reviewing with this model am
7 00:01:13,230 --> 00:01:22,500 session and pm session, morning. And afternoon, the New York session we already covered this morning, but the lunch hour, notice what happened, we went all the
8 00:01:22,500 --> 00:01:34,230 way back up to the old daily low. That's what that 307 50 level is. Go back and look at your daily chart, you'll see what it is back above 930 opening price. We
9 00:01:34,230 --> 00:01:45,240 broke back down. Now notice what we're doing on lunch. We're taking out the morning high right here. What did I teach you if we're gonna have continuation
10 00:01:45,240 --> 00:01:57,720 on the downside, it's going to run for what by side during or just after lunch? Well, we're returning back to an old daily low, and we're taking out a short
11 00:01:57,720 --> 00:02:08,490 term high from the morning. So when it breaks back down, we have a shift in market structure here you can use that as your fill a gap for this is the one I
12 00:02:08,490 --> 00:02:22,530 see you can obviously pick the one that's more comfortable for you. This run here, back about 9:30am. It's occurring after 130 In the afternoon, New York
13 00:02:22,530 --> 00:02:31,740 local time. The market breaks below that short term low here we have a fair value gap. That's the first one and the second one here. The rules I teach you
14 00:02:32,370 --> 00:02:40,170 try to get your feel and look at the bodies of the candles. See that saying inside that fair value gap but reaching as far as and this is why I teach you to
15 00:02:40,170 --> 00:02:49,380 expect it to possibly reprice here, but your stop would be here in the market targets sell side liquidity here and so handsomely into the four o'clock clothes
16 00:02:50,070 --> 00:03:02,100 off the lows it goes. NASDAQ there are similar run morning high in lunch hour back to the old daily low that we just traded through, broke down right back up
17 00:03:02,100 --> 00:03:12,180 into a fair value gap. If you're using this swing here, I'm elected to use this low to this high it breaks that short term low here retrace back to the first
18 00:03:12,180 --> 00:03:22,860 fair value got you can expect a possible run and reprice to here but it doesn't do so on NASDAQ and breaks lower your stock would be here runs for sell sell
19 00:03:22,860 --> 00:03:35,490 liquidity into the four o'clock New York session close that off the lows, creating a nice little run for the pm session. Again, these are incomplete
20 00:03:35,490 --> 00:03:43,770 unless you look at both the sessions am and pm and it's just for your edification and also to help you with back testing and journaling. Until next
21 00:03:43,770 --> 00:03:45,240 time, wish good luck and good trading