ICT YT - 2022-09-03 - ICT Emini SP500 AM and PM Session Review - 090222.srt

Last modified by Drunk Monkey on 2022-09-08 10:02
1 00:00:08,910 --> 00:00:21,900 ICT: Alright, folks, welcome back, quick little video on non farm payrolls Friday, September 2 2022. Alright, so you should have these levels on your chart
2 00:00:22,950 --> 00:00:36,570 written here, this high, that low, and this specific swing low. I'm not gonna do all the work for you. Okay, so look at last night's video, and you'll see what
3 00:00:36,570 --> 00:00:47,130 I'm referring to. Alright, and that's these levels down here, the high the fair value gap below the fair value gap, and the old low and daily chart. Now, if you
4 00:00:47,130 --> 00:00:54,750 recall, if you were able to watch last night's video, this is why you don't want to jump around. Okay, because I'm gonna talk about something and it won't have
5 00:00:54,750 --> 00:01:10,470 the same impact. as it would if you were to watch the videos in the order I release them. And then see the delivery of price after I call for it. So last
6 00:01:10,470 --> 00:01:20,580 night, we were looking at price. And here, I mentioned how I liked these relative equal highs, I felt that it could draw up into that next, I was not
7 00:01:20,580 --> 00:01:30,450 bearish, I wanted to see it go up here. But I made an allowance for maybe going into next week, before we get there. Thinking that maybe non farm payrolls, it
8 00:01:30,450 --> 00:01:40,200 would be a little bit of a lackluster event. Not quite get up there. But anything could happen. That was my words, anything can happen. Now, without
9 00:01:40,200 --> 00:01:48,990 making this video very long, cuz I'm gonna make it short and concise. I do not like to trade Non Farm Payroll. Okay, I don't like to do it. I engaged it today,
10 00:01:49,110 --> 00:01:59,460 just to give one more little bullet point on the week, because I like to give, you know, obviously something real time before the fact and point you all to it.
11 00:01:59,520 --> 00:02:12,900 And kind of like prove concepts also to shoot for yourself using the logic and the experience on lending you see, we have a small little gap in here, we
12 00:02:12,900 --> 00:02:19,680 dropped down into that this is a bullish order block, you'll see that when we drop in the lower timeframe. But it goes right up into these relatively equal
13 00:02:19,680 --> 00:02:31,260 highs, bumps the buy, sell liquidity and then rejects, goes right back down into the fair value gap. And I outline last night. So to a premium to a discount.
14 00:02:31,920 --> 00:02:49,380 Logical levels you already knew about. Alright, 15 minute time frame, down close candle rallied small little gap goes into it or block hits it cumulates short
15 00:02:49,380 --> 00:03:05,730 term high taken, we dropped down rally, short term high taken fair value gap in here 830. In the morning, New York local time, Non Farm Payroll. If you try to
16 00:03:05,730 --> 00:03:15,990 take that trade at 830, you're going to get crushed with the slippage. And if you get filled, it's going to be very poorly placed. So you don't want to be
17 00:03:15,990 --> 00:03:24,660 trading Non Farm Payroll that takes off in the direction we outlined last night towards the direction of the relative equal highs up here where by side
18 00:03:24,660 --> 00:03:35,850 liquidity, what is by side liquidity by stocks that are resting pending orders above highs, it can be a single high or relative equal highs. treated like
19 00:03:35,850 --> 00:03:45,810 resistance for retail. They think this is where the market is going to hold. So they're short, they place their stop loss here large funds trade like this as
20 00:03:45,810 --> 00:03:52,200 well. They don't like to Trailer Stop Loss real quick. So they'll leave their stop loss there. That's the reason why the market goes right to that level.
21 00:03:52,200 --> 00:04:03,000 That's the reason why I outlined it last night. And that's how you see it today in your chart. Not cherry picked, not the wrong direction, right out of the book
22 00:04:03,000 --> 00:04:14,010 of ICT. So it trades up into it bumps it then creates what is this pattern? And here we have a quick run up consolidation. If you didn't know about this level
23 00:04:14,010 --> 00:04:24,360 over here are the logic of reaching for that liquidity. What is this pattern right here? Bull flag, that's a retail continuation pattern. But it's not going
24 00:04:24,360 --> 00:04:31,260 to work when you're up against something that I outlined last night, which is the liquidity here it ran up to it and then
25 00:04:32,039 --> 00:04:41,219 failed. So this is a false bull flag. I just taught that recently in the core content. So go back and watch that lesson as well. We broke down the fact
26 00:04:41,219 --> 00:04:49,559 sellside here and then went for these lows here. The only thing I mentioned today on Twitter, but it was really just mentioned in passing. When we were
27 00:04:49,559 --> 00:05:04,559 trading around the 3919 3918 level or so. I saw that we were unlikely I don't know for certain I just said maybe 30 Or three, maybe a tweeted that. So you
28 00:05:04,559 --> 00:05:16,409 didn't quite get down there. It stopped just below that everybody get well, but didn't take the lows out here there's some tweets, I will counsel you to do this
29 00:05:16,409 --> 00:05:24,749 on your own. So that way helps you kind of like see things as I tweet, especially for the folks that work or run a business or go to school during the
30 00:05:24,749 --> 00:05:33,119 time when I'm jawboning and tweeting, in driving you crazy on Twitter. Some of your bosses are probably thinking what is going on with this people? Their
31 00:05:33,119 --> 00:05:44,999 phones constant going off? It's me, okay. Just like I like to talk too much. I tweet a lot. Okay, but I treat my Twitter, like a Squawk Box. Okay, so things I
32 00:05:44,999 --> 00:05:55,139 see that's noteworthy. I'm gonna put it out there. Sometimes like today, I gave a lot of jawboning because I have a personal issue with a person out there that
33 00:05:55,139 --> 00:06:05,729 just keeps on ducking. But these are things I tweeted today. No, there's obviously a lot of tweets I gave today, but the ones that were pertinent to the
34 00:06:05,729 --> 00:06:16,139 marketplace. These are the ones that I want you to focus on. I didn't give any miscues I didn't call out something wrong. It was just basically this, okay, we
35 00:06:16,139 --> 00:06:33,149 were looking for the logic, reaching up to that 4017 and three quarters level, or 44 01 7.75 level. And also I mentioned right at 1023. I said draw a
36 00:06:33,149 --> 00:06:51,029 horizontal line at 40 17.75. That's this line right here. And was given a tweet right here on that candle. rallies up just bumps it to 4019 and a quarter, I
37 00:06:51,029 --> 00:07:02,789 believe that's what the high was. Check it, don't take my word for it. And then consolidates creates a potential bull flag, right? Wrong deck, breaks lower. I
38 00:07:02,789 --> 00:07:21,059 hinted at it here before it broke. Note how es was walking along that level 401 7.75 after sweeping it sellside is next. So it sweeps it and then stays
39 00:07:21,059 --> 00:07:33,239 below, right? That's not a continuation pattern to go higher. That's a failure to go higher. It breaks lower cell site is here. And here. And I'm noting that
40 00:07:33,269 --> 00:07:40,109 as it goes in to this candle here. There's your cell site. And there's one more, there's another tweet. I didn't add it but it's as we were trading below here,
41 00:07:40,109 --> 00:07:50,489 there's your second level of cell site being tripped. That constantly trades lower into the fairway guff on the deal chart. Now the tweets out of the way,
42 00:07:51,299 --> 00:08:03,089 South Dakota here here, let's take a little bit closer look at the order block here. We dropped down at the 10 o'clock hour bullish order block phire Get drops
43 00:08:03,089 --> 00:08:11,639 down and rallies Why should this send price higher? We didn't take the buy side and get worried about this level. So there's unfinished business about this high
44 00:08:11,909 --> 00:08:25,409 and there's relative equal highs which is that level here so waterblock rallies hits it consolidates going into lunch what's lunch hour usually do retrace so if
45 00:08:25,409 --> 00:08:40,589 it's retracing what's going to attack Lowe's, Lowe's, Lowe's Lowe's and that's why I outlined it's walking below here turning your attention to what sellside
46 00:08:40,739 --> 00:08:51,539 start looking for old lows to be traded to and it does so in stunning fashion breaks lower small little gap in here at one o'clock about I guess quarter after
47 00:08:51,539 --> 00:08:59,189 one something to that effect a little too early for my likings and I wouldn't be trading on that farm here well anyway but relative interfere I got there, this
48 00:08:59,189 --> 00:09:10,709 is short, broke lower fairway gap again, trades up into it sells off, comes back into the bodies here rejection block. Again, you'll learn that and then breaks
49 00:09:10,709 --> 00:09:22,829 lower back into the Faraday gap. If you look at this pattern here, this is my power three. Okay, now, obviously some of you to have been trading for a long
50 00:09:22,829 --> 00:09:28,349 time, recognize this as a simple open high low and close bar. The open,
51 00:09:29,640 --> 00:09:40,320 high, low and close. My power three concept is if I'm bearish I'm looking for lower prices, it's first got to go to a level where it should be repelling price
52 00:09:40,350 --> 00:09:52,830 sending it lower failing to go higher. So we open here, we rally up, hit a specific pdra in the form of a premium array. Then there's expansion to the
53 00:09:52,830 --> 00:10:04,860 downside hits a level that will be a target for discount then comes off that low in distribution takes place. So as it's trading into that low, their shorts are
54 00:10:04,860 --> 00:10:15,150 being bought back. So they're distributing what their shorts to the marketplace. How do you distribute your position, when you're short, you buy it, you buy it
55 00:10:15,180 --> 00:10:26,190 back. So that way you're offering a short to someone else by being a buyer as your short position is covered. So in long and short of it is this, no pun
56 00:10:26,190 --> 00:10:40,890 intended. Short, short more, hold, buy it back. And then the day settles here on the close. So what that means is smart money is accumulating short positions.
57 00:10:43,380 --> 00:10:52,620 The market is manipulated higher, to allow for even more premium to short into for smart money, it's not buying pressure, the markets going up here for a
58 00:10:52,620 --> 00:11:05,640 particular reason, then there is expansion to the downside to a distribution point where the market should draw to so draw on liquidity, a draw on liquidity.
59 00:11:07,530 --> 00:11:20,520 Sell program begins here. manipulation, distribution, AMD, accumulation, manipulation, distribution, this part of the move here is where you can do fair
60 00:11:20,520 --> 00:11:29,100 value gaps that offer opportunities to get in sync with something that already is hinted at in your analysis, that this is where it's likely to draw to. So if
61 00:11:29,100 --> 00:11:38,040 you miss these moves here, don't be upset. This type of movement here is where there's really easy fat and meat on the bone. You don't need the end of the bone
62 00:11:38,040 --> 00:11:46,890 here and the end of the bone here and think about your chicken like where's the meat at? Is it on the end? of the bone? Or over here? No, it's somewhere in
63 00:11:46,890 --> 00:11:57,840 here. Or if it's upside down here. Okay, so you want the meat of the move. So what does this mean? What does this graphic really depicting? Well look closely.
64 00:11:59,640 --> 00:12:12,030 That's what you're seeing here. Right, and here, you'll see this the opening price at 930. They drop it down to send them market participants into a frenzy
65 00:12:12,030 --> 00:12:25,890 to do what, chase it lower. So if it starts going down like this, and drops and runs out short term low like that what takes place here, these stops or sell
66 00:12:25,890 --> 00:12:40,200 stops. So this triggers a flood of new selling orders in the marketplace, that smart money can buy. They can accumulate Long's in here and right up to the high
67 00:12:41,250 --> 00:12:56,400 that 401 7.75 level, then it can reverse there. Other smart men money into these will do nothing in here. And as it starts to rally up, they're selling short
68 00:12:56,400 --> 00:13:04,800 selling short selling short selling short selling short selling in here. And then when it breaks and releases lower, they start buying it back below this low
69 00:13:05,220 --> 00:13:17,670 buying it back below these lows here and then back in that old daily fair value gap over here. So it's this type of movement with what I just showed you. That's
70 00:13:17,670 --> 00:13:28,920 my perception of price. That's how I was interpreting it today. I was looking at it with that perspective in mind, not every individual candle here because while
71 00:13:28,920 --> 00:13:35,550 there's a lot of folks out there will say time based charts are useless. That's because they don't know how to use them correctly. And they don't understand the
72 00:13:35,550 --> 00:13:44,430 concept of time and price that the algorithm follows. So when you understand these types of things, and hopefully you can see now you know, I mentioned this
73 00:13:44,430 --> 00:13:52,140 very specific level, we drew up to it. And in real time in the marketplace, I actually explained how it's going to break from these levels here after it went
74 00:13:52,140 --> 00:14:01,860 there. After it went from a long in here. On one minute chart, you can go to my Twitter and see that and exit was here right as it one above it right on the
75 00:14:01,860 --> 00:14:10,590 highest point of the One Minute candle, not one after the highest candle. It was the very highest candle. I'm not sharing that moment chart here because already
76 00:14:10,590 --> 00:14:21,360 on Twitter, so you do your own research and use your own due diligence to go into this and study if you're lazy. It won't work here with me. Okay, because I
77 00:14:21,360 --> 00:14:26,010 demand a lot of effort on your part. And I'm not going to do all the legwork for you.
78 00:14:27,180 --> 00:14:32,970 But we have the expansion lower the tax the sell side here. Then we have the Fair Pay Gap everything I mentioned earlier in the video without having to
79 00:14:32,970 --> 00:14:39,750 repeat it all. Okay, so hopefully you found this one insightful. Enjoy your weekend. Be safe.