ICT YT - 2022-07-26 - ICT Mentorship 2022 Market Review - July 25 2022.srt

Last modified by Drunk Monkey on 2022-07-29 12:47
1 00:00:07,740 --> 00:00:20,070 ICT: Hi folks, welcome back. Real quick little review for LB and E Mini s&p today. Alright, so obviously you on Friday, I gave you a commentary mentioning
2 00:00:20,070 --> 00:00:32,220 how between euro and pound pound was the better trade I felt this was better because it dipped down into its fair value gap in here as left this portion of
3 00:00:32,220 --> 00:00:43,050 the imbalance here. And that red line here denotes where it would likely draw up into, although this was in Friday's commentary, okay, the market trades up, hits
4 00:00:43,050 --> 00:00:52,380 that level, and completes the idea. Now at this point, I go neutral, because I don't know if it wants to go higher to go here. Or if it wants to just
5 00:00:52,440 --> 00:01:00,060 consolidate. So I hold no interest at the moment now on cable, not that I had all that much interest anyway. But based on what I gave you on Friday, that's
6 00:01:00,060 --> 00:01:07,350 what we have here. So take a closer look on the lower timeframes, I got a two hour chart why a two hour chart, just simply because the candles look better
7 00:01:07,410 --> 00:01:21,120 cleaner on the two hour run up, rebounds back down into an optimal trade entry runs right up into the high I mentioned on Friday, I would be the draw on
8 00:01:21,120 --> 00:01:32,850 liquidity. And here's the business on London session. So here is a low we had stops swept here, we consolidate left this low in place. Why? Because we've
9 00:01:32,850 --> 00:01:43,560 already taken stops here. The likelihood was going to draw up into the imbalance on daily chart was given to you on Friday. London low short term shift in market
10 00:01:43,560 --> 00:01:54,240 structure here, fair value get a discount relative to this low to that high. hammers it beautifully Perfect, perfect delivery rallies up right to the level I
11 00:01:54,240 --> 00:02:01,050 mentioned on Friday. Okay, so there's your business there, we have an optimal trade entry for the London session too. So you can look at that that's separate
12 00:02:01,050 --> 00:02:11,070 pattern. But you can learn that on the YouTube channel as well. Alright, E Mini s&p, I mentioned how we went up to this level, this was a private group level
13 00:02:11,460 --> 00:02:20,430 target hit that on Friday, we only went one quarter of a point above it. And it was small, little imbalance. And here does it want to go back down into that
14 00:02:20,430 --> 00:02:34,020 area? I don't know, I'm favoring that. I think that's likely to occur. But I could be wrong. I mean, so here is the one hour chart. And you see we have a
15 00:02:34,140 --> 00:02:45,600 fair value gap here, shift in market structure here. This high to that low that you're dealing range. Okay, I don't have a third one. And you can do that on
16 00:02:45,600 --> 00:02:56,670 your own. This fair value gap is above equilibrium, or at what a premium. So we have a breaker here as well. So I mentioned this on my twitter space today,
17 00:02:56,670 --> 00:03:07,110 which was very therapeutic. The down close candles in here that is your bearish breaker. As you can see it has that pattern as well. So it's not just a one
18 00:03:07,110 --> 00:03:16,500 trick pony model. Approach around here. I'll give you all kinds of tools on this YouTube channel. But this setup is basically the same thing I've taught in the
19 00:03:16,500 --> 00:03:26,340 2022 ICT mentorship. So instead of using a 54321 minute chart, you can trade with an hourly chart here, and it does that rather handsomely. But these levels
20 00:03:26,340 --> 00:03:35,910 here are linked to the fair value gap on the hourly chart. So that's what I was showing in my charts, but didn't draw your attention to where they were in terms
21 00:03:35,910 --> 00:03:49,470 of the price action. Right in here is those levels as well. And then we have a fair of a gap here on the 15 minute timeframe. So you can see how the body is
22 00:03:49,470 --> 00:04:05,550 respecting the imbalance there. So we trade down and back up into respecting the imbalance here the high the market breaks lower and attacks the relative equal
23 00:04:05,550 --> 00:04:22,440 lows here. This imbalance will make more sense when you go back up to the hourly chart. That's this one here. failed to mention that in pile Charlie's and the
24 00:04:23,670 --> 00:04:26,220 liquidity resting below here would be an obvious draw.
25 00:04:31,740 --> 00:04:39,390 And on the five minute chart, this is what it looked like on the screenshots that I was working with off my phone because I was preoccupied with other things
26 00:04:39,390 --> 00:04:47,520 this morning. So if everybody got here, I mentioned that my interest was down in here and what I thought was going to happen. I thought that we were going to
27 00:04:47,550 --> 00:04:57,690 sell off if we had a fair value gap, which is what I did, I would wait for this return back into the fair value gap and that sold short here and limit orders
28 00:04:57,690 --> 00:05:05,460 were in this. I felt that we could then come Saudi and then the afternoon, I wanted to see it trade for the sell side over here. That's what I was looking
29 00:05:05,460 --> 00:05:17,940 for. You can see the low to high equilibrium is that level here, which is 50% on the FIB, fair a gap there. So I was looking for a closure of that, and I covered
30 00:05:17,940 --> 00:05:27,060 just below the midpoint. And before we got to the low end of 3967, three quarters. Why did I do that, because when I just mentioned, I felt that this was
31 00:05:27,060 --> 00:05:35,970 going to be the move for the morning. And then the afternoon would create the secondary sell off. So when absence of news in the economic calendar this
32 00:05:35,970 --> 00:05:45,840 morning, so it was just standard delivery on price. And then we went to sloppy range bound trading, and then created an imbalance here, there's a short there,
33 00:05:46,110 --> 00:05:54,900 there's a short they're targeting sellside for the afternoon, I'm not interested in it, I watched it. Alright, and then the five minute chart here, you can see
34 00:05:54,900 --> 00:06:08,460 the business, short term, low shifting market structure, fair value gap, hates that. There's my short there, 10 contracts seven off here, at the fair value
35 00:06:08,460 --> 00:06:21,570 gap. This is all stuff I tweeted on Twitter, and then the partial here. And then finally, this close was at the 3969 and a quarter level. So all of this, this
36 00:06:21,570 --> 00:06:29,970 looks like I got out down here it didn't it wasn't the case, I got out right in here. And it just overshot it and ran the relative equal lives here. And then
37 00:06:29,970 --> 00:06:39,540 ultimately does so when the afternoon here's the afternoon business. That's the short for the afternoon. So I did not participate. But I was watching it. And I
38 00:06:39,540 --> 00:06:50,670 think I earned the right to say I expected it but I'm not participating because I'm waiting for tomorrow. Alright, and here is the morning setup. This zoomed in
39 00:06:51,930 --> 00:07:01,080 shift to market structure, displacement, fair value gap, beautiful delivery breaks down short term, low broken again, displacement. So now we can use the
40 00:07:01,080 --> 00:07:13,620 same pattern. It's here. It's been done here. Okay. And while I don't necessarily need this one, I'm getting in sync with it here. So I'm selling 10
41 00:07:14,460 --> 00:07:25,590 covering seven, why seven, because we're close to the objective I had for my morning. And then to come off here, and then the final came off right before we
42 00:07:25,590 --> 00:07:37,800 hit the the low end of that imbalance. And there's the business over here for the sell side which it hits. So unfortunately, it went a little too far for me
43 00:07:38,550 --> 00:07:49,410 in the morning session. And because it did that I was not willing to participate. This fear of a gap here. Notice what we have here we went down. So
44 00:07:49,590 --> 00:08:04,110 it goes up here to there's one candle going up offering by side then this came up golfer sell side is it bounced. No no, it just redelivered now once it trades
45 00:08:04,260 --> 00:08:15,270 through it again, this range is now balanced because we went down up down through it so that's why it stopped like a brick wall right here. Okay, that's
46 00:08:15,270 --> 00:08:25,320 not supply and demand. Okay, there's nothing in like off the talks about that. That's right out of the ICT book of price action. There's nobody out there
47 00:08:25,320 --> 00:08:34,590 teaching that. And this is when you hear people talk about something being rebalanced in price this is the reactions at A balanced price range. This is
48 00:08:34,680 --> 00:08:46,050 rebalanced. It also has a fair pay gap here. But why is it so effective there because all the work over here in here I think of the paint roller analogy I use
49 00:08:46,620 --> 00:08:57,510 when it goes up, down up once more than it's bounced okay or the paint is delivered to the canvas and look at the chart here is your canvas. Each
50 00:08:57,540 --> 00:09:10,200 individual candlestick is a representation of a stroke of that roller that you would apply paint to. And you have to study price like that. It helps obviously,
51 00:09:10,500 --> 00:09:17,970 if you have some kind of analogy what is you're looking for in price action instead of just this randomness of candlesticks? So anyway, that's gonna be it
52 00:09:17,970 --> 00:09:23,100 for today. Hopefully you found this one insightful and until I'll talk to you tomorrow, we're willing be safe