ICT YT - 2023-05-19 - ICT Mentorship 2023 - ES Review Precision Results
Last modified by Drunk Monkey on 2023-05-20 08:52
Outline
00:12 - Review of E-mini S&P.
- Review one post analysis of e mini s and p
- Daily and weekly charts.
02:49 - What you’re looking for initially while you are under my wing -.
- Simple idea of where action will draw to next.
- The cult of winning.
- The fair value gap. 4:59
- Fair value gap, bison balance, oi, efficiency and efficiency.
- Daily discount for vega.
07:28 - Three drives, short term reversal, and candlestick chart.
- The three drive pattern in the Nasdaq.
- The three drives in the morning session.
10:02 - When is my book going to be released?
- Final hour of marketo and close macro.
- One minute chart of the one minute chart.
12:13 - How the market broke down.
- How the market broke down.
- The classic run on new york lunch hour.
14:40 - Daily candlestick -.
- Two chances to set up a run for liquidity.
- Daily candlestick from 930.
17:02 - What is the opening range gap?
- The opening range gap in regular trading hours.
- The PM session silver bullet.
19:25 - What happens when the price moves in the last 15 minutes.
- The last 15 minutes of trading between 345 and 4:30pm.
- The liquidity draw.
21:05 - Why would sell stops be advantageous to be liquidated when the market breaks out?
- Smart money is the counterparty to sales thoughts.
- Retail traders are not smart money.
Transcription
| 1 | 00:00:12,870 --> 00:00:26,280 | ICT: Alright folks, welcome back to a quick little review one, post analysis. Yesterday evening, I gave you a breakdown and review of E Mini s&p, and I told |
| 2 | 00:00:26,280 --> 00:00:34,200 | you what we would expect to see going into Thursday and Friday. And this is the chart that I showed you last night. Don't take my word for it, look at the |
| 3 | 00:00:34,200 --> 00:00:44,820 | previous recording, I can't edit it, it's already uploaded on YouTube, the time and date stamp. This is the levels here, I mentioned how we would drop off the |
| 4 | 00:00:44,820 --> 00:00:56,910 | buy side here and drill into this old weekly imbalance. This is what we saw today. And this is a weekly candlestick. So can see the weekly chart did in |
| 5 | 00:00:56,910 --> 00:01:04,920 | fact, expand the direction I was expecting. We did get the buy side above the high here. And we did trade inside of this volume imbalance for the folks that |
| 6 | 00:01:04,920 --> 00:01:14,490 | are asking and mentioning and kind of like talking amongst themselves in in Twitter. Why am I not using the continuous contract on trading view, while the |
| 7 | 00:01:14,490 --> 00:01:23,580 | continuous contract is not going to show you the inefficiencies that the actual individual delivery contract months will. For instance, if we get above this |
| 8 | 00:01:23,580 --> 00:01:34,560 | high here, I like this city, and also like this volume imbalance. So it depends on how much continuation we have in price action, but we take one step at a |
| 9 | 00:01:34,560 --> 00:01:46,860 | time. So the benefit of having a thinly traded contract, because this contract was trading well before it became the front month. Right now we're trading the |
| 10 | 00:01:46,860 --> 00:01:58,020 | June contract. Well, this is the June contract shown in a weekly chart. If I show a continuous chart, and then compress it into a weekly candlestick chart, |
| 11 | 00:01:58,560 --> 00:02:05,280 | the inefficiencies won't be so obvious. So this is one of the built in advantages of having a time based chart. There's a lot of people out there who |
| 12 | 00:02:05,280 --> 00:02:13,560 | claim that time based charts are useless. And you have to have some other form of analysis or some kind of other bar or something to that effect. That's |
| 13 | 00:02:13,560 --> 00:02:21,570 | nonsense, you have no idea what you're talking about when you say that time based charts is exactly the root of why price is gonna go where it's gonna go |
| 14 | 00:02:21,570 --> 00:02:33,510 | because the algorithm runs on time. First, it's time and price theory. Alright, and here is the daily chart I showed yesterday evening. So here's yesterday's |
| 15 | 00:02:34,440 --> 00:02:45,630 | chart, all I did was use the same slide they created yesterday evening. And now here's what we can see. Today. There's the delivery to the buy side, I told you, |
| 16 | 00:02:45,630 --> 00:02:55,530 | we would see. And we drew into that weekly volume imbalance. Not hard is it not complicated. I'm not trying to bring in every ICT concept of ever created into |
| 17 | 00:02:55,530 --> 00:03:04,620 | one single model, I'm looking for a simple idea of where's it going to draw to next, I outlined it, I showed you why I built it from a weekly chart to a daily |
| 18 | 00:03:04,620 --> 00:03:15,840 | chart to an hourly chart to a 15 minute chart to a five minute chart and a one minute chart. I can't make it any easier than this. Okay. All you're looking for |
| 19 | 00:03:15,840 --> 00:03:24,030 | initially, while you're trying to learn under my wing, you're looking for the skill set of knowing where price is going to draw to next. Okay, it's gonna go |
| 20 | 00:03:24,030 --> 00:03:34,110 | higher, it's gonna go lower. I am lending you my experience as a mentor. So that way you can study price action. With that in mind, that's not that we're trying |
| 21 | 00:03:34,110 --> 00:03:44,460 | to create challenges for you to never succeed at I'm telling you, this is where the bulk of your work should lie in the beginning. It's not looking for entry |
| 22 | 00:03:44,460 --> 00:03:54,510 | patterns. It's not looking for the new ICT gadget or concept. You want to be focusing on journaling, going back to old data, and finding these repeating |
| 23 | 00:03:54,510 --> 00:04:04,110 | phenomenon that I'm teaching you. Because once you see it, you can't unsee it. Once you learn it, it can't be unlearned, then you'll be initiated. That's the |
| 24 | 00:04:04,530 --> 00:04:12,510 | that's the cult of winning we have around here. Okay, everybody likes to say we're a cult. And I've gladly accepted that and we're the cult of winning. You |
| 25 | 00:04:12,510 --> 00:04:23,580 | can see here again, no hindsight. Okay, I can't manipulate daily and weekly candlesticks when I told you beforehand, what to expect. And here we have it. So |
| 26 | 00:04:23,580 --> 00:04:33,270 | take a closer look and what we saw this week. So here's the price action. As I mentioned last night only thing I did take off the gradients in here in these |
| 27 | 00:04:33,270 --> 00:04:40,770 | little arrows. Don't be fooled by that. Okay, all I'm showing you is the key turning points. So when you're doing your journaling, and you're logging all of |
| 28 | 00:04:40,770 --> 00:04:51,270 | your price data and looking at old moves, you want to be putting arrows there because it trains your eye to see it just like that. And then when you start |
| 29 | 00:04:51,270 --> 00:05:00,900 | practicing executions in the future, not now. You'll see that you'll be entering at these types of levels in with the logic behind it. So Last night, I took you |
| 30 | 00:05:00,900 --> 00:05:10,260 | to this fair value gap here I said we would draw up into that in the buy side in the weekly volume imbalances, that shaded white area up here. Okay. I also |
| 31 | 00:05:10,260 --> 00:05:18,030 | mentioned to go back watch that video. I said, while we were consolidating here, we would likely because we didn't do this run off here yet, this was all |
| 32 | 00:05:18,060 --> 00:05:26,970 | midnight, we are trading in this little area here I said we were likely drawl down into this positive imbalance then go higher. We did that very thing here. |
| 33 | 00:05:27,390 --> 00:05:39,750 | If it drops just inside of that imbalance, and we're expecting a shallow drop. That run is going to be initialized by a institutional order flow entry drill. |
| 34 | 00:05:39,810 --> 00:05:49,950 | And that's a tongue twister. It's why I labeled it an IO. f ed is an abbreviation of institutional order flow entry drill. It's a partial entry to a |
| 35 | 00:05:50,070 --> 00:05:58,020 | fair value gap, whether it be a bison balance osanna efficiency or a self centered balanced bison and efficiency. So either or, and since we have an up |
| 36 | 00:05:58,020 --> 00:06:07,530 | close candle here that makes us a busy bison unbalanced. So Senate efficiency, all of the things I just mentioned are by category of a PD array is a fair value |
| 37 | 00:06:07,530 --> 00:06:17,430 | gap. But a fair value gap can be broken down into different classifications. This being a bison belzona deficiency because it's going higher, it's offered by |
| 38 | 00:06:17,430 --> 00:06:28,470 | side, it's imbalanced because it only offers by side into one single chemo doughnut. So it's inefficient in the sense that it's not offered any cell side. |
| 39 | 00:06:28,710 --> 00:06:37,320 | But if the markets bullish as I've been indicating to you that it is it's going to go down into this area here and keep some of that open. So we did that very |
| 40 | 00:06:37,320 --> 00:06:45,330 | thing here. We dropped down into that candles low just a little bit and then rallied up create another box on unbalance also an efficiency with this candle |
| 41 | 00:06:45,330 --> 00:06:54,870 | here. This candle is high that candles, low frames. This is advice on imbalance ozone deficiency. We also have a breaker here. So the market trades down into |
| 42 | 00:06:54,870 --> 00:07:07,380 | that. Also consequent encouragement of this gap. This is a daily fair value got this was the daily discount for Vega. Remember the two areas here on daily |
| 43 | 00:07:07,380 --> 00:07:13,230 | chart, go back and watch last night's video you'll get better insights by doing that all over again. And I promise you it's not a long video, you're welcome |
| 44 | 00:07:13,230 --> 00:07:21,570 | speeded up at two times the speed. But the price goes down into consequent encouragement which is which is the classic optimal trade entry. I've taught |
| 45 | 00:07:21,570 --> 00:07:31,140 | many years on this channel. But it's coming back in to touch and reprice this Campbell's high. So once it hits that, then it's permitted to leave that range. |
| 46 | 00:07:31,770 --> 00:07:39,900 | Once it trades above this high, this becomes a balanced price range. So we can trust that it's gonna go higher, higher where to the buy side here and then dig |
| 47 | 00:07:39,900 --> 00:07:48,720 | into that weekly volume imbalance, which is what we see it here. Dropping down into a 50 minute candlestick chart, you can see that we had the institutional |
| 48 | 00:07:48,720 --> 00:07:58,410 | level entry drill that drops down here during the morning session. This is a Judas swing. It rallies up what does it do to swing? It's a fake move. Okay, so |
| 49 | 00:07:58,410 --> 00:08:09,960 | rise up creates a three drive pattern. I did two trades in here. I shared that on Twitter just because people ask all the time did you do anything. So I did. |
| 50 | 00:08:10,380 --> 00:08:24,360 | And then the market went down, dropped into a fair value gap here and then rallied up and then I chose to engage the afternoon session, which was a silver |
| 51 | 00:08:24,360 --> 00:08:38,970 | bullet trade for the pm session. And let's take a closer look at that morning session first. So we have the three drives pattern here. 123 institutional order |
| 52 | 00:08:38,970 --> 00:08:49,110 | flow entry drill down here after taking sell side out at rallies. Then we have the short term reversal pattern here is a classic price action pattern it's |
| 53 | 00:08:49,140 --> 00:08:57,390 | really good to indicate that we're likely to see some measure of retracement it can be an all out reversal but because we have unfinished business, which is |
| 54 | 00:08:57,390 --> 00:09:00,600 | that weekly imbalance up here that weekly volume about specifically |
| 55 | 00:09:01,650 --> 00:09:11,940 | NASDAQ has done outstandingly on the upside as I mentioned, I've been coaching along with NASDAQ being the leader and upside. And it would draw us up higher in |
| 56 | 00:09:11,940 --> 00:09:24,150 | sympathy. So this is a six SR concept on trading the pair that has lagged Okay, I did trade in NASDAQ today also you can take a look that on Twitter showed the |
| 57 | 00:09:24,150 --> 00:09:32,280 | examples and executions there. But I wanted to teach you using the six SR concept because the flavor of the month you know ice tea flavor of the month |
| 58 | 00:09:32,340 --> 00:09:43,020 | concept using this idea that it will want to catch up to what the NASDAQ has done. And we see that here really moving to the upside run into that weekly |
| 59 | 00:09:43,380 --> 00:09:51,000 | volume imbalance with an extrapolation that was just really really nice to be a part of this afternoon. We have a breaker here so we have high low higher high |
| 60 | 00:09:51,030 --> 00:09:58,290 | send that through that's this little retracement here. It broke down just to clear up the sell side here. Then we entered into the New York pm session which |
| 61 | 00:09:58,290 --> 00:10:06,600 | is two o'clock to four And then we had some very vague gaps and such. And then the final hour of Marketo and close macro that I've been teaching vaguely, which |
| 62 | 00:10:06,630 --> 00:10:16,530 | will be taught in great detail in my books that are coming out. And everyone that keeps asking on Twitter, when is my first book going to be released, I set |
| 63 | 00:10:16,530 --> 00:10:24,960 | a challenge for all of you as a community. Once I got to 1 million subscribers on YouTube, I would release book one of four, three of the books are technical, |
| 64 | 00:10:25,080 --> 00:10:38,040 | and their algorithmic theory, my concepts. And then the fourth one is a fiction. Okay, it's not essential reading, but it is what it is, right. So I have other |
| 65 | 00:10:38,040 --> 00:10:45,660 | things I'll teach you throughout the year, some things I'm going to hold off for the book, because there's a lot of people out there taking my concepts and hurry |
| 66 | 00:10:45,660 --> 00:10:54,630 | up and rushing them into their own little books. And they're incomplete. And I'm offended by that, because you're trying to get something out ahead of me when |
| 67 | 00:10:54,630 --> 00:11:01,290 | you have an incomplete and that's why I'm holding it back. Because once I put it in print, then it's going to be hard for you to run around pretend you created |
| 68 | 00:11:01,290 --> 00:11:15,180 | it or found it on your own. So here we have a closer look on the one minute chart. imbalanced refined into that fear of a gap here. It drops down in |
| 69 | 00:11:15,180 --> 00:11:25,470 | clearing up relative equal lows here. Before we get to that, let's look at the three drives pattern. We have constant question of this imbalance runs above |
| 70 | 00:11:25,470 --> 00:11:37,410 | this short term high. The watch me do a executional partials here, that's like a long one. If you have a gap, two partials here, roll the stop to better than |
| 71 | 00:11:37,410 --> 00:11:49,350 | breakeven came back, hit my stop. And then once more went back in and went low once more about the highs. I took partials, Roma start to veteran breakeven. And |
| 72 | 00:11:49,350 --> 00:11:56,820 | it came down stop me I want one more time, I was trying to position myself because there's going to be away from the charts. Throughout the afternoon, I |
| 73 | 00:11:56,820 --> 00:12:06,540 | was with my wife and driving in a car and riding the car and I can't be in front of my desk. So I'm looking at everything through my phone only, which is |
| 74 | 00:12:06,540 --> 00:12:13,950 | something you don't want to do. But for practice, so you can given you all examples on Twitter to follow along. That's the best I could do today. The |
| 75 | 00:12:13,950 --> 00:12:22,560 | market broke down we had the breaker here. Really nice run to that breaker and fair value got right there, that right there, this folks right here, this thing |
| 76 | 00:12:22,560 --> 00:12:33,750 | right here, that is a complete model. We have a higher structured, not this higher timeframe, but a higher structured breaker. Okay? A breaker is a low that |
| 77 | 00:12:33,750 --> 00:12:44,700 | has a high to the left of it and a higher high to the right of it. So it's high, low, higher high. once this loads broken, it is here, we're going to have an |
| 78 | 00:12:44,700 --> 00:12:52,530 | imbalance, that little imbalance right here that fair value got that's not highlighted. It's trading up into that and then hitting the breaker. This is |
| 79 | 00:12:52,530 --> 00:13:03,810 | also an optimal trade entry. It's also trading into a bearish order block, which is a closed candle prior to this movement lower and then look at the delivery |
| 80 | 00:13:03,810 --> 00:13:14,760 | here. Boom speed right down to that old imbalance then create a consolidation. Is it surprising now what time of day is its New York lunch? So what is it doing |
| 81 | 00:13:14,760 --> 00:13:22,920 | is creating lots of equal lows and then rallies? What is that going to entice traders to think that support so any long holders, they're gonna chase that |
| 82 | 00:13:23,730 --> 00:13:31,950 | they're gonna run up into the breaker one more time, which is mean threshold middle of this down close candle right here, the big, beefy, longer bodied |
| 83 | 00:13:31,950 --> 00:13:45,960 | candle midpoint of that and then shift sit lower attacks the sell side, which is the classic run on New York lunch. It's a stop hunt. That's the macro for the |
| 84 | 00:13:45,960 --> 00:13:54,030 | lunch hour. There's a lot of people out there saying there's no lunch. There's no, nobody's going to lunch during lunchtime, okay, these people don't know what |
| 85 | 00:13:54,030 --> 00:14:06,030 | you're talking about. Because the algorithm is going to reprice to do stops and is using time. What basis is it? It's the New York lunch hour. Look at time 215 |
| 86 | 00:14:06,480 --> 00:14:15,900 | One o'clock. So in that one hour period between noon and 1pm, New York local time, we have now classic enticement for retail traders to see that as support. |
| 87 | 00:14:16,380 --> 00:14:24,540 | So that that level right there is going to have a lot of sell side liquidity in the market runs from the breaker down into that hits it and trades in the |
| 88 | 00:14:24,540 --> 00:14:33,480 | imbalance right here which is institutional order flow into drills well. And this is also a fair value got this nice nice little retracement into that and |
| 89 | 00:14:33,480 --> 00:14:46,440 | then delivers harshly right into the fair value gap. Moving into the afternoon. We can see that turn here. We rally up consolidate and it starts to rip higher |
| 90 | 00:14:46,980 --> 00:14:58,920 | attacking what the by side here then fold by side liquidity pool and then the weekly volume imbalance so it's very quick run inside of the pm session, which |
| 91 | 00:14:58,920 --> 00:15:08,370 | is two o'clock to 4pm in New York local time, this is your Pm session silver bullet, you get two chances here one, two rallies. And in the final market on |
| 92 | 00:15:08,370 --> 00:15:18,960 | close macro, which is the last, it's 315 345. In that window, you'll get another opportunity to set up a run for liquidity that has not been managed or engaged |
| 93 | 00:15:19,020 --> 00:15:27,750 | for that particular day where the market fills the numbers. And it runs up hits the buy side hits the weekly volume and balance as well. And just beautiful |
| 94 | 00:15:27,750 --> 00:15:39,900 | delivery, beautiful delivery. Alright, you can see again, here's that silver bullet, which is between two o'clock and three o'clock. So between two o'clock, |
| 95 | 00:15:39,990 --> 00:15:51,090 | and three, there's a silver bullet, more little extra opportunity. That's post three o'clock, but still using that setup here. So it's being reclaimed at fair |
| 96 | 00:15:51,090 --> 00:16:01,380 | value get right there and it rallies up, trades back down and look real close. You see this inefficiency here and that candles high? How price runs through |
| 97 | 00:16:01,380 --> 00:16:11,970 | this shaded area. All of this area here gets repriced, to see that that candles low, trade up into a here a little bit a little bit higher, and then trades back |
| 98 | 00:16:11,970 --> 00:16:19,740 | down. It stops right there. Why is it stopping right here? Well, it only needs to go down that is fair. But he got right there. And we've already traded up |
| 99 | 00:16:20,160 --> 00:16:34,470 | once this candle went down next candle open traded up here. So this to this is only inefficient. So it needs only to that level, then it can rally and runs at |
| 100 | 00:16:34,470 --> 00:16:45,930 | the Buy Sell liquidity pools I mentioned last night. This is the power three, this is what the daily candlestick look like from 930, open, small little |
| 101 | 00:16:45,930 --> 00:16:55,590 | movement lower, rallied up treating the high today. I'll get into that high today in a second. And then closing here. So we have another classic biday open |
| 102 | 00:16:55,770 --> 00:17:05,880 | decline due to swing rallies up closes on the high working that fear Vega. The ninth or the open was essentially near the low of that shaded fear of a gap. |
| 103 | 00:17:08,100 --> 00:17:21,150 | Here is the opening range gap, which is the regular trading hours, you can see that difference between where we closed previous day. And where we open at 930. |
| 104 | 00:17:21,240 --> 00:17:29,310 | That little shaded area, I hinted at something that we'll talk more about in the book because these types of things are just too good. They're just too good for |
| 105 | 00:17:29,310 --> 00:17:37,020 | you too. There's too many Yahoo's out there, trying to take my concepts, okay, make mentorships off of it no credit to me, you know, I'm not gonna, I'm not |
| 106 | 00:17:37,020 --> 00:17:45,960 | going to lay my my my best stuff out here. I will put it in print. That way you'll see it, it's mine. And everybody will know that it came from me because |
| 107 | 00:17:45,960 --> 00:17:52,830 | there's too many people still out there pretending that they found this on the room, or it's some dead guy did never have talked about it. Okay, and I still |
| 108 | 00:17:52,830 --> 00:18:00,240 | want to rebrand it. For them. It was just nonsense. But I talked about how you can take this imbalance and multiply that out and project it up. Much like I |
| 109 | 00:18:00,240 --> 00:18:10,020 | taught with my central bank to dealers range. And much like I taught with flout, and how I amplified with everybody that was aware of the Asian range for a long |
| 110 | 00:18:10,020 --> 00:18:18,540 | time. I supercharged that and taught you how to use it and make it better. Okay, and I taught you in terms of standard deviations, but you can do that opening |
| 111 | 00:18:18,570 --> 00:18:30,390 | range gap the same way. And you can do projections tire, and then we have an overlap of negative 11 standard deviations. And it price comes in at 42 14.75 |
| 112 | 00:18:30,750 --> 00:18:43,350 | which is the basis of why I took my exit rate at that low, which would be just a hair below this level here. And in 42 14.75 Looks like this and we went to just |
| 113 | 00:18:43,350 --> 00:18:53,310 | above it to trade into the 42 fifteens that was the high of the day. I'll counsel you to go look at Twitter, you can see my executions and such on the pm |
| 114 | 00:18:53,310 --> 00:18:57,960 | session for ES and NASDAQ market on close macro |
| 115 | 00:18:59,310 --> 00:19:11,970 | all of this business in here was all discussed as it pertains to the pm session silver bullet and the final 15 minutes after three to 45 minutes after three |
| 116 | 00:19:12,060 --> 00:19:19,200 | that 30 minute window that is a market on close macro the algorithm generally will run for liquidity now if the liquidity has been tapped at means a higher |
| 117 | 00:19:19,200 --> 00:19:28,890 | timeframe liquidity pool or targets been met, then it usually won't spawn and start running. There's no need for it to do anything. Then it's done that the |
| 118 | 00:19:28,890 --> 00:19:37,560 | last 15 minutes are trading between 345 and four o'clock you'll get some kind of little sputter move which is maybe it's good for you know five or eight maybe 10 |
| 119 | 00:19:37,560 --> 00:19:49,140 | handles maybe but not terribly explosive, but like this, I told you last night what to expect. We were gonna look for four to six, we're gonna look for a 15 |
| 120 | 00:19:49,140 --> 00:19:59,670 | minute premium fair value gap and we look forward to draw up into that weekly volume and bounces that shaded area and it delivered like gangbusters. So this |
| 121 | 00:19:59,670 --> 00:20:11,460 | is what we I have here today. And hopefully, you can take this information and start to see that none of this is random. None of it is conjecture. It's a logic |
| 122 | 00:20:11,580 --> 00:20:19,650 | as to why price is moving the way it's behaving and what time it's expected to do. So it's a wonderful approach to trading where you don't have to rely on any |
| 123 | 00:20:19,650 --> 00:20:27,420 | kind of indicators. You're dressing your chart up, you're trying to stay organized, you're trying to anticipate not react, you're trying to anticipate |
| 124 | 00:20:27,510 --> 00:20:34,920 | what price is likely to do next, it starts with a drawn liquidity draw. And liquidity is just basically where it's going to go to next. Because you don't |
| 125 | 00:20:34,920 --> 00:20:41,760 | have that information. If you have not determined that, or have the skill set to be able to determine that consistently. You're not going to be profitable, I |
| 126 | 00:20:41,760 --> 00:20:55,770 | don't care what method you use. You have to try to see where prices needing to go to next. Who benefits the most. If Smart Money benefits are price going |
| 127 | 00:20:55,770 --> 00:21:06,510 | higher. You can look for retail traders to get punished. What would that look like? Relative equal lows, retail sees that as what? That's classic support to |
| 128 | 00:21:06,510 --> 00:21:17,550 | them, right? They take it down to take those stops, why would they sell stops, be advantageous to be liquidated, because Smart Money will buy those sell stops, |
| 129 | 00:21:17,550 --> 00:21:26,880 | there'll be the counterparty to that sell stop being activated. They're buying that. So they're going long there were Long's have placed orders to go long here |
| 130 | 00:21:26,880 --> 00:21:38,760 | based on this pseudo support. No. Price allows smart money to be the counterparty to those sales thoughts being engaged. So when there's sales |
| 131 | 00:21:38,760 --> 00:21:47,220 | thoughts get tripped. There's a flood, a rush of selling orders in the marketplace, which is beautiful for smart money to accumulate that and be buying |
| 132 | 00:21:47,220 --> 00:21:57,030 | at a cheaper low price. Then it rallies in an attack split. The buy stops above here who would have biceps above that the people that were momentarily lucky, |
| 133 | 00:21:57,840 --> 00:22:05,700 | didn't take profits. They don't take partial didn't take profits. They don't have to get out of the marketplace or the right time. Their stops is resting |
| 134 | 00:22:05,700 --> 00:22:12,390 | right about here in the form of a Bicester. Why would it be advantageous to trade there are above this level here or up into this weekly volume available, |
| 135 | 00:22:12,810 --> 00:22:22,500 | because Smart Money will look to distribute their lungs there to offset distribution occurs with smart money buying to sell stops, selling some above |
| 136 | 00:22:22,500 --> 00:22:33,990 | this high selling some above here, above here and above here. And they liquidate that and that liquidation of their Long's above here. They're selling above |
| 137 | 00:22:33,990 --> 00:22:46,050 | here, which is what the retail traders, the liquidity to be a buyer of when they're chasing price. When it breaks out here who wants to buy that breakout |
| 138 | 00:22:46,050 --> 00:22:55,950 | artists in the smart money selling their portion that they went long down here to there, which is why I'm teaching and teach my students to sell long positions |
| 139 | 00:22:55,950 --> 00:23:06,150 | partially above old highs and to cover short positions below old lows. That's what smart money does. It does not follow retail patterns. It does not look at |
| 140 | 00:23:06,150 --> 00:23:15,570 | moving averages. It does not look at breakout strategies. It doesn't do that. Okay? They don't do that. The algorithm will set up scenarios where retail |
| 141 | 00:23:15,720 --> 00:23:25,140 | traders with that mindset will fall victim to it. And you don't want to be in a category. You don't wanna be a classified neophyte forever in trading with |
| 142 | 00:23:25,140 --> 00:23:32,820 | retail logic, never come into the understanding of what these markets are actually trying to do and how they book. So if you found this on its iPhone too. |
| 143 | 00:23:32,820 --> 00:23:34,860 | I'll talk to you next time. Be safe. |