ICT YT - 2023-05-03 - NQ Futures Review May 02 2023

Last modified by Drunk Monkey on 2023-05-05 09:31

Outline

 

00:05 - Good afternoon, folks.

- Nasdaq, a short ditty, short little ditty.
- Intraday swing model for nasdaq.

00:52 - How to work with a very tight range in this market.

- How to trade the new week opening gap.
- How to use the six SR approach.

03:29 - Sara’s hourly chart.

- First imbalance below the cesare liquidity pool.
- Business executions in the nitty gritty.

Transcription

1 00:00:05,130 --> 00:00:13,680 ICT: Good afternoon, folks. Good evening, folks. Good morning, folks, depending on where you are short little ditty here on NASDAQ, I worked with my son today
2 00:00:13,770 --> 00:00:32,940 in regards to this particular indicee. And I shared this morning, the draw on liquidity, lower prices. At the time, it favored lower prices. And I showed you
3 00:00:32,940 --> 00:00:48,510 a five point or five handle, run, you can see that on my Twitter feed for NASDAQ, I showed about 20 handles and then I switched over to an intraday swing
4 00:00:48,510 --> 00:00:59,520 model, which I'll quickly briefly go through right now. So you see we traded above these relative equal highs here. And we had this gap. So all this is a box
5 00:00:59,520 --> 00:01:07,290 out of balance on an efficiency. So the likelihood, even if it doesn't go all the way through here, it's likely to trade into this low and into this range
6 00:01:07,290 --> 00:01:24,300 here. So I want to be very nimble, and work with a very tight range. Okay, here's a 15 minute timeframe. And I'll add lipstick Now see here is that old
7 00:01:24,300 --> 00:01:35,220 higher relative equalize, retreated about that you're on Monday, and then we hugged the current new week opening gap. So here's New Company gap Hi, new week
8 00:01:35,220 --> 00:01:43,260 open and get low trade up into a here moved away. And we'll see this gap here on a five minute chart.
9 00:01:49,530 --> 00:01:59,430 So that separation here after trading up into the new week opening gap, and the shift below here. So a rally back up into this is your what this is your model
10 00:01:59,430 --> 00:02:20,490 22 or 2022. Here and then returns back to a fair value gap here. And then the ICT Silver Bullet trade. This is my son Cameron's model. In between the 10
11 00:02:20,490 --> 00:02:33,990 o'clock in the little clock hour, when we're looking for a fair value gap to trade into. You can see here we had news at 10 o'clock, high impact, and I use
12 00:02:33,990 --> 00:02:43,860 this order block here. While we're inside that waterblock I went short or at 10 o'clock, the market broke down, I took a small profit just to show my son this
13 00:02:43,860 --> 00:02:54,870 is a small little scout of five points is like 20 points for NASDAQ trade in my opinion, it might not be the same for you. But that's how it is for me. But then
14 00:02:54,870 --> 00:03:06,150 I noticed that we were likely to continue. And I use the six SR approach that I was talking about in one of my Twitter spaces in recent months. I'll talk more
15 00:03:06,150 --> 00:03:16,590 about that in more detail in specific lessons on this YouTube channel. But suffice it to say that I use that mentality and methodology to get in sync with
16 00:03:17,280 --> 00:03:25,890 what has already transpired in ES which is looking for lower prices. If you look at this shaded area down here, and I jumped ahead to this timeframe without
17 00:03:25,890 --> 00:03:37,110 actually having an opportunity to show you what I was looking for. Let's just go into a 15 minute timeframe. You don't see anything there too. But you do see
18 00:03:38,010 --> 00:03:46,650 sells eloquently there, it's good to a 60 miniature hourly chart here, there's that small little gap there, which also resides below that low. So it's the
19 00:03:46,650 --> 00:03:55,890 first imbalance below this Celsa liquidity pool. So while we're up here, I thought that we could drop down here and that will be fine using this low to
20 00:03:55,890 --> 00:04:06,900 that high equilibrium it will be below that to reach for that. So that's sufficient enough for me to find that Sara has dropped right down into a one
21 00:04:06,900 --> 00:04:24,180 minute chart get right down to the nitty gritty. Here is the business executions. Okay, you can see right there inside the order block. So right
22 00:04:24,210 --> 00:04:41,820 there, you can see the entry at 32. I'm sorry 13,002 at one and a half, which inside of the five minute or block and I covered here as a running through this
23 00:04:41,820 --> 00:04:53,820 low so that's a short term it'll Scout that would be the equivalent of like a five handle run on es for my son. But teaching him es versus thin Q or NASDAQ
24 00:04:53,820 --> 00:05:06,840 the differences is 20 for five or five for 20. Vice versa es five handles Nast Next one and then I saw this gap here and I didn't want to miss it I felt we
25 00:05:06,840 --> 00:05:18,330 would maybe spike up in there one more time to get up into it but we never really thought it did we say my entry here not the best but it is what it is
26 00:05:18,360 --> 00:05:27,570 with expectation and this being tagged real quick and leaving that portion open I was treating this idea this area here as a breakaway gap thinking that we
27 00:05:27,570 --> 00:05:35,910 could have spiked up in here so I was fortunate enough to get in on this one right before we wiped out and went lower, small little city here so sort of
28 00:05:35,910 --> 00:05:45,780 bounced by certain efficiency price goes up to that and trades down into that hourly imbalance. So the high that is my limit orders for the five handles or
29 00:05:45,780 --> 00:05:59,430 five contracts rather. So come in just about Ed handles for so on. on NASDAQ today. So which would be about 40 handles on Yes, so next time be safe