ICT YT - 2023-01-30 - 5 Handle Twitter Example Live Execution... January 30 2023
Last modified by Drunk Monkey on 2023-09-26 13:34
Outline
00:00 - Volume-to-fair value gap.
01:08 - Stop loss below the volume and balance.
02:34 - Candles low, candle high and fair value gap.
05:35 - What you’re looking for support.
06:21 - What to do if you can hit the 50% liquidity threshold.
Transcript
| 1 | 00:00:00 --> 00:00:11 | ICT: Alright, so I couldn't get the recording the start soon enough we have a volume imbalance bullish breaker, we're inside of a five minute fair value gap. |
| 2 | 00:00:11 --> 00:00:19 | So I'm going to buy, if I can, if it can touch the bottom and down here, I'm going to buy that I'll go in at eight contracts. This right here I'll explain to |
| 3 | 00:00:19 --> 00:00:34 | you if I get the feel right now more focused on that, because it could run away without me likely to trade up into 457 quarter and then 4059 and a quarter. So |
| 4 | 00:00:34 --> 00:00:45 | I'm watching Come on, give me the low on the upper Vega, just touch that bottom orange level, just touch it again until I'm asking you to do and I'll do the |
| 5 | 00:00:45 --> 00:00:46 | rest |
| 6 | 00:00:55 --> 00:01:11 | just a little bit more don't run yet, come on, drop down here touch at a lower orange level. There you go. Thank you. And we will put a stop loss below the |
| 7 | 00:01:11 --> 00:01:23 | volume and balance which we've already treated to right here. I was trying to be live in the recording as I hit that go along there but it's okay. Now we have |
| 8 | 00:01:23 --> 00:01:40 | this breaker which is low high lower low split that range in half. What I mean by that here to here 53 and a quarter is permissible. So I can take my stop |
| 9 | 00:01:40 --> 00:01:49 | loss. If we take this high out, this short term high has to be broken then I can raise my stop to the bottom of the breaker here which will still be below mean |
| 10 | 00:01:49 --> 00:01:57 | threshold which is 53 and a quarter. See that red level we're here that's here for that. So even though it can come into this range, I don't want to see it go |
| 11 | 00:01:57 --> 00:02:11 | below that level right there okay. So you're right that that's that's permissible there's nothing wrong with that. In fact I'll add to it there |
| 12 | 00:02:11 --> 00:02:13 | disapprove that it's okay |
| 13 | 00:02:19 --> 00:02:30 | now I want to see price repel from that breaker and aggressively go through this high and leave the five minute ferry get which I'll show you in a second here |
| 14 | 00:02:31 --> 00:02:47 | bear with me. So these two orange levels here the they are anchored on this right here that candles low that candles high so we've dropped back down to a |
| 15 | 00:02:47 --> 00:03:03 | one minute chart so my core position is 4054 Even it's got to trade to 4059 and I'd like to have a quarter point more to cover fees and commissions so it would |
| 16 | 00:03:03 --> 00:03:18 | be 4059 and a quarter that's what I'm looking for. So we five handles for the morning session using the opening range and GAP protocol that we have a lower |
| 17 | 00:03:18 --> 00:03:34 | gap opening for 930 So we'll see what we get in regards to that painting out or not painting out basing around the order block this is 1234 Candles down market |
| 18 | 00:03:34 --> 00:03:44 | should not go below this low we went to a volume and balance which is here relative to this load that high we went to equilibrium to this count we should |
| 19 | 00:03:44 --> 00:03:54 | expand up when I see large candles expand up into 4057 and a quarter reaching up into that three o'clock in the morning. Fair value gap I told you on Twitter to |
| 20 | 00:03:54 --> 00:04:04 | annotate which is up here that shaded area send that on the Twitter Alright, so yeah, we had this little gap here price will want to come back down to fill that |
| 21 | 00:04:04 --> 00:04:19 | in. That is a real liquidity void right there. Right there that's a liquidity and I will buy more if it trades into it |
| 22 | 00:04:31 --> 00:04:42 | I'm not so interested in seeing it now. I can but I want to see it now specifically aimed for that fifth D nine and a quarter level and ultimately |
| 23 | 00:04:42 --> 00:04:51 | reach up into 6150 and I try to leave to warn for that price. 4161 and a half |
| 24 | 00:05:16 --> 00:05:26 | Remember the levels here, that's that five minute fair value gap. We're above it now. So they tend to act as what if their narratives correct and it's bullish, |
| 25 | 00:05:27 --> 00:05:36 | and more above a fair value gap. Now act as you would expect your classic support and resistance that hardly ever works. This is what you're going to be |
| 26 | 00:05:36 --> 00:05:46 | looking for support. So notice we have several factors here, we have this high and this low from the five minute fair Vega so midpoint of that is constant |
| 27 | 00:05:46 --> 00:05:54 | encouragement, which also has a volume, I'm sorry, not only has a real liquidity, void gap, an actual gap, there's no wicks at all here, let me take |
| 28 | 00:05:54 --> 00:06:06 | that off for a second. As you can see, there's no price at all here between this close in this open also we have this down close candle prior to what the |
| 29 | 00:06:06 --> 00:06:21 | displacement about the short term high super bullish order block so you have several things here that are constructive for another buying opportunity. So |
| 30 | 00:06:21 --> 00:06:22 | watch that level there |
| 31 | 00:06:27 --> 00:06:39 | if you can hit it, I can do another long power pyramid hit this and fill in that little liquidity void right there which will be basically the upper portion of |
| 32 | 00:06:40 --> 00:06:51 | this order block here. So I mean threshold would wouldn't should be respected there. But it wouldn't be anything wrong, essentially, but touching the lower |
| 33 | 00:06:51 --> 00:06:54 | end of that fairway gap on the five minute chart as well. So here we go. |
| 34 | 00:07:00 --> 00:07:12 | Come on, just a little spike down and a little little gap there. Boom, there you go. Thank you very much. Thank you very much. Now you can go higher stop still |
| 35 | 00:07:12 --> 00:07:27 | down here want to see large ranges run right up into 4059 quarter. And then I can do my moves like Jagger. Remember I mentioned how we could touch the bottom |
| 36 | 00:07:27 --> 00:07:37 | on the Vega on the five minute chart. We got that here. Look at the reaction. Now I'm doing all this over one chart there's not just got to have a lot of |
| 37 | 00:07:37 --> 00:07:46 | monitors doesn't mean I'm monitoring multiple positions and doing it both directions. It's it takes a whole lot of energy and focus to just do this and |
| 38 | 00:07:46 --> 00:07:57 | while I think I'm above average that would be above my paygrade I can't I can't focus on that many things moving so we're going to be doing see we got 14 |
| 39 | 00:07:57 --> 00:08:03 | contracts to take five off if we can hit the |
| 40 | 00:08:08 --> 00:08:22 | 4059 quarter level so that would give us five handles for the morning with using the five minute fair a gap I use as a draw on liquidity made public on the |
| 41 | 00:08:22 --> 00:08:27 | Twitter feed just about 30 seconds or so from the opening |
| 42 | 00:08:37 --> 00:08:55 | interest threshold remember that 54 level down here it's all part of stock management 15 seconds opening everybody wants to sell short skinny they're gonna |
| 43 | 00:08:55 --> 00:09:12 | get their faces ripped off here and launch higher rip it up their fair buddies up here come the daddy daddy |
| 44 | 00:09:17 --> 00:09:29 | remember so we can get down to what I mean threshold here and it's exactly what we wanted to beautiful beautiful Yes, yes yes |
| 45 | 00:09:36 --> 00:09:45 | think I just went negative on the one contract over that's okay. |
| 46 | 00:09:51 --> 00:09:52 | There's the business |