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ICT YT - 2022-09-02 - ICT Emini SP500 AM and PM Session Review - 090122.srt

Last modified by Drunk Monkey on 2022-09-02 12:25
1 00:00:00,000 --> 00:00:15,480 ICT: All right, folks, welcome back. So we're gonna do a little bit of a quick summary and recap. Try these brief as I possibly can. Alright, so we are looking
2 00:00:15,480 --> 00:00:27,360 at the daily chart, the E Mini s&p futures contract for September, small little gap in the here with this low. Okay, we'll come back in a moment. But notice how
3 00:00:27,360 --> 00:00:37,800 we ran up to the area I mentioned, we would likely trade to when we were in here in the volume and bounce traded up to that level there. We broke down in all
4 00:00:37,800 --> 00:00:52,290 honesty here, made public record of 40 ad being my objective, and then I gave the last week's low the week. And let you guys go through that and find it on
5 00:00:52,290 --> 00:01:09,030 Twitter. But it broke lower. And today, we opened traded down, cleared to sell south of quarter two here. repriced close in this fair value gap here. So the
6 00:01:09,030 --> 00:01:19,800 buy side, imbalanced sell side inefficiency, what was missing in this range between this high and that low sellside. It offered it today. This low here,
7 00:01:19,950 --> 00:01:29,700 that is the 3913 and a quarter level, you watched me mention in the recording from this morning session. Again, I'll link the short little vignette video for
8 00:01:29,700 --> 00:01:47,880 my Twitter feed in the description. So here is that fair Vega here at the lower gap here is the high the gap and here is that old low 3913 and a quarter. So we
9 00:01:47,880 --> 00:02:02,520 have market trade up into very get here. Once more. This to me is important going forward. I don't know if we'll see that obviously, before we close the
10 00:02:02,520 --> 00:02:10,830 week out. But I think that might be an interesting draw on liquidity going into next week. If we don't obviously make a run for it sooner which really in my
11 00:02:10,860 --> 00:02:21,600 mind doesn't seem likely. But hey, anything can happen folks, anything can happen. But the market dropped create a small little consolidation relative
12 00:02:21,600 --> 00:02:33,090 equal lows or sell side below that finding support at that old for have a gap high that broke lower trading down below 39 09 50 level which is a low that fair
13 00:02:33,090 --> 00:02:43,470 value gap on the daily chart and clearing that 3913 and a quarter level which is the current level here. And ultimately having a reversal day going into a run on
14 00:02:43,470 --> 00:02:56,610 this high here. And back to this old area of overflow 15 minute timeframe waterblock here's your dealing range from high to low and the 15 minute
15 00:02:56,610 --> 00:03:07,770 timeframe consolidation we broke above it cleared by side here and then see this area here which is institutional overflow entry drill, you'll learn about that
16 00:03:08,700 --> 00:03:22,410 the market drops closes in the fair value gap and below 3913 and a quarter level and ahead of noon. Had a little bit of consolidation here once more afternoon
17 00:03:23,220 --> 00:03:34,140 lunch hour we broke lower again turned into the waterblock rally higher Faraday got here humilated again at the high of the fare bag up on the daily chart 3922
18 00:03:34,140 --> 00:03:47,820 and a quarter rallies to the old area back here and above this Hi there include 50 and that was it for the day I had something to take care of later in
19 00:03:47,820 --> 00:03:54,990 afternoon so I wasn't able to trade the three o'clock hour setup which was in here which I'll show you when we get into lower timeframe ultimately trading
20 00:03:54,990 --> 00:04:06,540 right to perfectly the order block here. I got a close candle opening why the opening? Why not the Well Michael, we have a wick. So whenever we have that is a
21 00:04:07,710 --> 00:04:17,550 immediate draw your eye to the body of the candle. And that's why you got that precision delivery there. Don't worry it'll be in my books. Alright, so we have
22 00:04:17,550 --> 00:04:30,990 the afternoon session. This high in this high note that 3930 levels this high here and the 3929 and a half level is this high here. Okay, and then we other
23 00:04:30,990 --> 00:04:41,010 levels. What we've noted from the morning session Alright, five minute time frame, get through this little bit quicker. We have a swing low here. Now why
24 00:04:41,010 --> 00:04:49,290 not this one because this one was the actual pump right into it. You can be aggressive with that. It draws up into that my private group knows exactly what
25 00:04:49,290 --> 00:05:03,390 this is. Bounce price range. Institutional Orpha interview sells off. Short term low. That's where the market structure shift Are there and we see a trade off
26 00:05:03,390 --> 00:05:04,110 into it there,
27 00:05:04,140 --> 00:05:12,120 I was not in front of my charts at the time, you can see there is no errors there, I couldn't enter, I wasn't in front of it. I was waiting, going into the
28 00:05:12,120 --> 00:05:22,380 930, opening the trade up into it here. And here and here. And here and right on this candle here, I felt that we had hit it. And we should have moved lower the
29 00:05:22,380 --> 00:05:32,160 next candle, we had 10 o'clock news. So I had a little bit of a heat on that, but not much. The high here I mentioned in my commentary that high should stay
30 00:05:32,160 --> 00:05:44,250 intact. Why? Because we had a swing high here, after a filling that everybody got also with all this movement lower, lots of liquidity below here. And then
31 00:05:44,250 --> 00:05:56,460 that daily, low, that orange level at 3913 and a quarter level. That was a drain on liquidity. I did not have these levels outlined here. But it was all my other
32 00:05:56,460 --> 00:06:03,270 timeframes. I'm just drawing your attention to it. And I mentioned it in passing in Twitter when someone's asking you how to come up with a bias. It's their cell
33 00:06:03,270 --> 00:06:14,040 site below here in Fairbanks. So I sold short and sold short once more, but not at the highest high. It was lower in that candle, you'll see it draws down below
34 00:06:14,040 --> 00:06:22,830 the lows, I took a partial and then another partial. And then when it went below three 913 and a quarter, I closed the final portion. Right before this run up.
35 00:06:23,190 --> 00:06:33,780 We'll get into this here, because that is an ICT human error that I tried to finesse and I'll explain that. Alright, so here's that high on gave you on the
36 00:06:33,780 --> 00:06:42,750 chart. Ashley, what do you see this right here, this was a drawl and liquidity. Okay. In other words, if we trade down to these levels here, close all this in
37 00:06:43,350 --> 00:06:51,960 and we have a shift in market structure, the market is going to want to come back up to this level here why Persian river intraday version of it. So we
38 00:06:51,960 --> 00:07:00,330 weren't bound below fair value gap and below the old low. You seen that here. And I'll I'll get into this in a moment. But here's the entries, not the
39 00:07:00,330 --> 00:07:11,040 entries. But here's the swing high, swing high, and swing high. There's three of them here. So that is the intermediate term price high. And the market breaks
40 00:07:11,040 --> 00:07:25,560 lower. This movement here, right here. After the news now listen, after the news, we have this drop down. The imbalance exists in this one. So that makes
41 00:07:25,560 --> 00:07:35,490 this and me a term high. So the return back in here while I did not take it in, you see this in the recording of me engaging here. It goes right into there and
42 00:07:35,490 --> 00:07:45,270 completely taps the fear of a get high again, perfectly folks, that's algorithmic, okay, that's the harmonic. It's not supply and demand. Small little
43 00:07:45,270 --> 00:07:59,490 retracement up in bearish order block these last two up close candles, sells off. Trades below the low here. Now ahead of lunch hour, I had to step away from
44 00:07:59,490 --> 00:08:09,000 my charts. And I saw this fair Vega. So what I was thinking was, when we were up here, if it drops that down here, I'm thinking it's going to probably do that
45 00:08:09,000 --> 00:08:15,930 after lunch or towards the tail end of lunch. So around one o'clock in afternoon, it should drop down into here. If I'm in front of the charts, I would
46 00:08:16,260 --> 00:08:22,110 obviously do something differently. But I didn't want to miss it. Because obviously he wanted to show you something pertaining to that high back here.
47 00:08:23,040 --> 00:08:33,120 Well, the limit order I placed on it filled me when I got back to the charts here. I was like, Okay, it's potentially offering another opportunity in here.
48 00:08:33,120 --> 00:08:44,340 I'm going to buy some more of it. And I'm going to take my exit here. Why was I thinking that because we had this low in this low here. And when we dropped down
49 00:08:45,270 --> 00:08:57,540 into the order block here, I bought one more time I realized that I was already offside, too, I was too soon with entering why? Because I felt that this low was
50 00:08:57,540 --> 00:09:06,930 going to hold and this low was going to hold and it didn't go below it. And this is that low end of that fair value gap on the daily chart. So this was a
51 00:09:06,930 --> 00:09:13,590 premature entry. And I tried to finesse it because I was thinking, Okay, if it could just pop up into here or get really close to it. I'll move to the
52 00:09:13,590 --> 00:09:21,450 sidelines. And then I'll watch and see these relative equal lows taken out and I'll take that trade later on in the afternoon. Well, I was able to get out
53 00:09:21,450 --> 00:09:32,130 obviously here. But the point is, this was a limit order feeling too soon. This is the problem with entering your limit orders right before or at the beginning
54 00:09:32,130 --> 00:09:47,070 of the lunch hour noon to 1pm New York local time. Sometimes price can come down or up in deference to a sell limit order. It can fill you prematurely. And I
55 00:09:47,070 --> 00:09:53,640 knew this going in but I wanted to obviously have something to show you in that session. But this simply couldn't be in front of the charts of the time so it
56 00:09:53,640 --> 00:09:58,440 filled it and then I tried to finesse a little bit here to get something out of it before
57 00:10:00,000 --> 00:10:11,370 We ran below here. Okay, I felt that we were going to stay above this low we did. But this was simply me trying to work out a premature entry. That's all
58 00:10:11,370 --> 00:10:21,780 that was. And you can see the excess here. Now, zoomed in again. Alright, so you can see again, here's the fair a gap with a limit order filling on this candle
59 00:10:21,780 --> 00:10:35,130 here, as it drops into midpoint of this low this high. That candle right here fills it. And then coming back in. I was looking at this as all these movements
60 00:10:35,160 --> 00:10:45,690 lower, and back into this fair pay gap there. I was looking to go long on that, and had a little bit more retracement that I was wanting to see, obviously. But
61 00:10:45,690 --> 00:10:55,830 I was trying, like I said, trying to finesse, a run potentially towards this fair value gap. I didn't need it really to go up there, all I was wanting to do
62 00:10:55,830 --> 00:11:07,560 is see if we can get close to this high. And then everything I put on would have been covering costs and just a little bit of fluff for the for the trade. I got
63 00:11:07,560 --> 00:11:17,790 out here, it did trade up to the fair value gap. But again, we want to see it go up one more time on this candle, but it quickly came back in. So the next candle
64 00:11:17,790 --> 00:11:26,520 does Okay, I'm gonna close it here and be content with it. In hindsight, it was a better hold if I would have held on to it. But that's okay, it's during the
65 00:11:26,520 --> 00:11:37,170 lunch hour. So I had to work during the lunch hour at the beginning of it first couple minutes of it to work myself out of the New York lunch. Price delivery.
66 00:11:38,460 --> 00:11:47,700 So we had a short term shift in market structure here, fair value got a break slow or one more time and so fair that I got here, then attacks this year. Now
67 00:11:47,700 --> 00:11:55,170 think about what's occurring, you've traded down into the fair value gap, these two blue lines here and below that oh low that orange line on the daily chart.
68 00:11:55,260 --> 00:12:04,380 So those levels from the daily chart are being transposed over to this one minute chart. This is not noise folks. Okay, this is the market trading back
69 00:12:04,380 --> 00:12:13,350 down in outside of the fair value gap below the relative equal lows, but we had this low and a lower low. So stops have already been ran down here and is very
70 00:12:13,350 --> 00:12:24,030 deep discount below the fair value got low, below that old low. So when the market trades down here, that's what I was afraid of here. These lows being
71 00:12:24,030 --> 00:12:33,330 taken, because if it's gonna go below these lows here, like this, and goes deeper, it could blow up that loan. Obviously, I could be wrong if you lower
72 00:12:33,330 --> 00:12:43,290 right. So I'm thinking here, these are potentially gonna be relative equal lows. So I don't want to hold on to that because we have the whole hour between 12 and
73 00:12:43,290 --> 00:12:58,200 one. And here's the end of lunch hour here. And at one o'clock, what happens we had the market trade higher. Fair value gap. market trades up into the 3938
74 00:12:58,200 --> 00:13:09,030 level, which is not shown on this chart here. But we have buyside resting here it trades above that. So we're gonna go into the details on the afternoon at two
75 00:13:09,030 --> 00:13:19,860 o'clock. Mark trades down into that 3922 and a quarter level. That's the high of the fair value gap on the daily chart. You trade down into it, then we have
76 00:13:19,860 --> 00:13:35,220 displacement. Short term swing high broken if you're a get trades down into it long stop below this low. Right here. We had head stops taken here. There's no
77 00:13:35,220 --> 00:13:43,290 reason for me to think there's going to go below that. If it does. That's fine. I'll just wait for a later entry if it's another one that can take the market
78 00:13:43,290 --> 00:13:52,920 rallies I think a partial a partial and you can see that actually occurring in the short little vignette market drops back down into small little fair value
79 00:13:52,920 --> 00:14:04,680 gap here. Rallies consolidates around that 3947 and three quarters level. Again, that's seen when we were looking at the hourly chart and 15 minute timeframe
80 00:14:05,850 --> 00:14:17,850 trades lower fair value got here overshoots it doesn't quite go below this is a little muddy in my opinion. But I would have been interested in take a trade on
81 00:14:17,850 --> 00:14:28,410 this fair pay gap here which I did not you can see is this little I had here but we have a short term shift in market structure here fair value gap dropping down
82 00:14:28,410 --> 00:14:43,590 in for the last hour of trading and here's that 333 45 window where the market on closed algorithm runs and we see it trade into it here. One more time turning
83 00:14:43,590 --> 00:14:55,500 in accelerates into that fifth minute timeframe. Bearish order block trades right to the to the point to the tick. Okay, it can't get any better than that
84 00:14:55,500 --> 00:14:55,890 folks
85 00:14:56,040 --> 00:15:07,530 can't improve upon perfection. The market goes into a sloppy little right range within the range of the high here in this low. So I found this one insightful.
86 00:15:07,980 --> 00:15:16,440 And I'm going to try to do my best to come up with an approach to do this in the morning session, because this is obviously both morning and afternoon, am and pm
87 00:15:16,440 --> 00:15:27,660 session. So I don't want it to be this long. And I don't think I can do them together like this and keep them short. So the idea I've tossed out on Twitter,
88 00:15:28,200 --> 00:15:36,120 and you can support the idea with the thumbs up on this video. If you don't like it, obviously, then what really won't matter, because I'm sure there's gonna be
89 00:15:36,120 --> 00:15:44,220 a lot of people that want to do it. And I kind of want to do it anyway. I've been putting up core content from the mentorship so that way you can study that.
90 00:15:44,220 --> 00:15:54,780 And that's the language of what I teach. It's not mentorship, okay, but it is the videos that I use as prerequisites for my private group. So that way, they
91 00:15:54,780 --> 00:16:04,410 understood what I was talking about. And that way, it kind of frees me up to be who I really am out here on YouTube and talk openly to the degree that I want to
92 00:16:04,410 --> 00:16:15,240 talk. Okay, I'm not going to go into every detail on every facet of the algorithm, because it's not necessary ever to give it enough. But I want to kind
93 00:16:15,240 --> 00:16:24,390 of go into short little reviews on the morning session in the afternoon session. And I believe I can probably get them at around five minutes, average length of
94 00:16:24,390 --> 00:16:35,460 time. So I'm trying to come up with a format where, what time, I'll have them done, and what type of procedure do I want to go with? So that way, it's always
95 00:16:35,460 --> 00:16:42,510 the same thing. You know what to expect, you can test yourself, you know, compare and contrast your notes. If I've taken a trade obviously, you can see
96 00:16:42,510 --> 00:16:54,390 I've pushed the button here a couple of times today. You can test yourself in regards to that. Okay, and we'll compare and contrast our notes each day, to
97 00:16:54,390 --> 00:17:04,980 videos to short little videos that would hopefully help you in your pursuit of understanding price action as I teach it. So until next time, now for our
98 00:17:04,980 --> 00:17:08,190 payroll tomorrow. Don't trade it. Be safe.