ICT YT - 2023-07-19 - ICT Mentorship 2023 - ICT Reaper PD Array Introduction and Market Review
Last modified by Drunk Monkey on 2023-07-19 10:23
Outline
00:12 - Introduction to this week’s trading.
- Review and introduction to a new pdarray.
- Weekly volume imbalance on euro dollar.
02:43 - Why am I trading the nasdaq?
- Why amazon is looking for imbalances on the weekly chart.
- Nasdaq trading.
05:09 - Why we don’t try to pick tops and bottoms.
- Not trying to pick tops and buy programs.
- The five minute chart.
07:55 - How to trade in order flow.
- Daily chart and order block.
- Hourly chart, price action and consolidation.
- High probability rallies in finance and finance.
- Not trying to pick tops and buy programs.
12:22 - Retail Sales and the trend continuation pattern.
- Retail sales data and retail mindset.
- How the market created a run higher last week.
14:47 - What is a topping pattern in this market?
- Not a three drives pattern, not a three indians pattern.
- Breaking down the breaker.
17:07 - How to cut through candlestick candles.
- Reaper inversion. Fear vega.
- The first leg of the bullish breaker.
- The market trades down through it.
- The best fills for getting long are at equilibrium.
21:18 - Support resistance is only confirmed if there is a gap.
- Classic support resistance is only confirmed when it has a gap.
- Reaper inversion and fair value gap.
23:18 - Taking a market exit and closing out.
- A silver bullet with steroids on steroids.
- A classic return in for a bullish breaker.
25:29 - How to take advantage of the higher time frame.
- The daily range is likely to create extreme high.
- How to hold on to big runs.
- No need to have a full position.
- The smart money mindset with trading.
Transcription
| 1 | 00:00:12,840 --> 00:00:22,920 | ICT: Welcome back, folks. Alright, just a quick little review and an introduction to a new PD array to make public. So we're looking at the dollar |
| 2 | 00:00:22,920 --> 00:00:34,860 | index is our daily chart. And we have basically just been meandering around the gap I told you about between these two weekly reference points. So without going |
| 3 | 00:00:34,860 --> 00:00:45,210 | into the weekly chart, save some time, that's what we're watching would have preferred to see trade down into a little bit, but it didn't do so. Alright, |
| 4 | 00:00:45,210 --> 00:00:58,110 | here we are, folks. I'll take your attention back to the video I did on my YouTube channel. July ninth 2023, it's market review. And prior to this day, |
| 5 | 00:00:58,680 --> 00:01:11,550 | running off the weekly version, fair value gap, I mentioned that we would open on a new week, trade down, use this inversion fair value gap from the weekly |
| 6 | 00:01:11,550 --> 00:01:22,320 | chart and I'll count you to go back and look at the old videos. All of this is not add to the chart after the fact we opened, traded down, rallied up. And then |
| 7 | 00:01:22,320 --> 00:01:40,380 | we had finally today, Mark trade up complete the weekly volume imbalance on euro dollar. So that is an absolute slam dunk. All net swish by side, that was the |
| 8 | 00:01:40,380 --> 00:01:49,260 | initial draw, then we would get into the weekly volume advanced is a beautiful delivery. These are the types of moves that you want to capture. And really |
| 9 | 00:01:49,380 --> 00:02:00,510 | selling hands on wait for it makes trading very fun. But unfortunately, you know, when these big powerful moves take place, they don't give you a whole lot |
| 10 | 00:02:00,510 --> 00:02:13,530 | of opportunities. You have to know what you're looking for, and then get in and try to avoid thinking that it has to retrace because it'll just keep running |
| 11 | 00:02:13,530 --> 00:02:26,340 | higher and higher. And the reason why it's done this is because the dollar was exceedingly bearish, like we were expecting on July night. So E Mini s&p Here is |
| 12 | 00:02:26,340 --> 00:02:35,340 | our weekly chart. So I'm taking your attention into and beyond. This was the original weekly volume imbalance that we were talking about back down here. We |
| 13 | 00:02:35,340 --> 00:02:48,870 | finally got into that closure today, or this week rather. We traded to and through it. Now we're looking at this. Why am imbalance so there are two line |
| 14 | 00:02:48,870 --> 00:02:58,410 | imbalances on the weekly chart for NASDAQ and I had already completed both of them. Es has been lagging. So the ES has been a six SR between the two averages |
| 15 | 00:02:58,410 --> 00:03:08,760 | I mentioned. That NASDAQ is the leadership issue. So you're all asking me why am I trading NASDAQ. I'm actually in the NASDAQ as the leadership issue. So it's |
| 16 | 00:03:08,760 --> 00:03:20,490 | going to be an outperformance to the upside. But here we have a fair value gap in here with a breaker. And then we have bullish order block and a propulsion |
| 17 | 00:03:20,490 --> 00:03:31,380 | block in the market since price higher completing this weekly volume a bounce in the pink and now we have this one here. So you want to have these two levels |
| 18 | 00:03:31,380 --> 00:03:47,010 | here. The high and the low the weekly volume imbalance however in your chart and use them as potential support resistance, I see a lot of questions about this |
| 19 | 00:03:47,790 --> 00:04:02,850 | button down here. For settlement. I like to use the settlement price toggled on when I'm looking for things like where we closed in reference to like the TGIF |
| 20 | 00:04:02,850 --> 00:04:16,110 | trade. Okay, I I toggle back and forth between both of them. So I'm looking for volume imbalances. I'm looking for inefficiencies that may materialize. So |
| 21 | 00:04:16,140 --> 00:04:23,460 | things that might go under the radar of other traders I'm looking at both perspectives so it's not a matter of it only works for this it only works for |
| 22 | 00:04:23,460 --> 00:04:39,630 | that I'm flexible in terms of what I'm looking for in terms of imbalances and or where we actually close it so because of the TGIF ideas Alright, so we are |
| 23 | 00:04:39,630 --> 00:04:51,900 | looking at a daily chart here. E Mini s&p, you probably hear my puppy Bailey I apologize if you do here but she's mourning like I am we lost our other boxer |
| 24 | 00:04:51,960 --> 00:05:01,620 | Bella, but she wants to be close to me and I can't send her away while I'm doing this because you know they still have to do it. So Anyway, that's her |
| 25 | 00:05:01,620 --> 00:05:14,790 | whimpering. She's fine. She's a sad. So we have today's trading here. Monday's trading. And then here's where we were working off of this fair value got right |
| 26 | 00:05:14,790 --> 00:05:26,190 | there. I mentioned and I'll show you the tweet as it was today, but I've mentioned it many times over the years that we do not try to pick tops and buy |
| 27 | 00:05:26,190 --> 00:05:37,350 | programs. Okay, and we don't try to pick bottoms and sell programs. That means we are always giving the market the opportunity to color outside the lines that |
| 28 | 00:05:37,410 --> 00:05:44,520 | most other traders would think that hey, we're, we're so overbought, now it has to come back then it has to retrace, it has to have a retracement? No, it |
| 29 | 00:05:44,520 --> 00:05:57,060 | doesn't. It doesn't have to do that. And when the market is wanting to go higher, you have to submit to that board. Don't trade because if you aren't |
| 30 | 00:05:57,060 --> 00:06:04,260 | wrestle it, you'll hurt yourself. So these are the levels we have on our chart now. So only dropping the lower timeframes, it'd be much more meaningful to you. |
| 31 | 00:06:05,550 --> 00:06:17,550 | So here we are on the 18th of July 2023. And we had a small consolidation and then we dropped down took out sell side, and then a rapid acceleration into an |
| 32 | 00:06:17,550 --> 00:06:29,550 | above Monday's high, trading up into that higher weekly volume imbalance. Alright, let's take a look at the five minute chart. Now I'm skipping over the |
| 33 | 00:06:29,550 --> 00:06:43,230 | 15 minute charts just for the sake of brevity. But these are 15 minute, very gaps. So that way, you can take a look at on your potential timeframe. And in |
| 34 | 00:06:43,260 --> 00:06:51,600 | order block as well, which way down I hit that this is all 15 minute chart Asus, I'm having a here so that way for your homework, you can go into a 15 minute |
| 35 | 00:06:51,600 --> 00:07:01,500 | timeframe. And find out what these are on the bellwether chart, which is hitting a timeframe. But the five minute lots of opportunities, lots of entries today, |
| 36 | 00:07:02,010 --> 00:07:12,000 | order block and 15 and timeframe order block on a 15 minute time frame, you can see the reactions off of it here, an entry into weekly volume events. Okay, |
| 37 | 00:07:12,000 --> 00:07:24,630 | moving on into NASDAQ. This is where the the brass tacks are for this presentation. So I mentioned how we had these relative equal highs. And we were |
| 38 | 00:07:24,630 --> 00:07:34,980 | likely to go through that last week we did that and now we are continuing through last week's high. And again, that's you're only going to catch this type |
| 39 | 00:07:34,980 --> 00:07:47,580 | of continuation. If you avoid make it part of your repertoire. Routine as a mindset as a trader, you do not try to pick tops or the markets going up. You |
| 40 | 00:07:47,580 --> 00:07:57,780 | don't do it, you simply do not do it. It's far easier for you just to simply submit to the idea that it wants to go higher. So trade in that order flow. |
| 41 | 00:07:59,070 --> 00:08:09,870 | Don't look at patterns trying to capture market reversals because they're gonna run right over top of you. Alright, and here's the daily chart here and an order |
| 42 | 00:08:09,870 --> 00:08:18,570 | block. There. We talked about that propulsion block. We don't want to see a closing price below the middle, or mean threshold of a propulsion block. We |
| 43 | 00:08:18,570 --> 00:08:30,120 | never saw that. The market rallied last week. And then now we had here Tuesday's trading. It's Tuesday still for me in Monday's trading here. So we had a really |
| 44 | 00:08:30,120 --> 00:08:40,350 | nice little drop down in small little institutional funds, you do not buy mods, but you don't need much, right? So we'll take a look at that when you lower |
| 45 | 00:08:40,350 --> 00:08:50,520 | timeframes, but continuation on the upside, just wonderful. More opportunity at trade. Notice that we opened trade down today and cut through the candles |
| 46 | 00:08:50,520 --> 00:09:04,920 | because we're not supplying to me. The high won't read down revisited. That is a discount array. So if you look at my month for content of the st mentorship, |
| 47 | 00:09:04,920 --> 00:09:15,300 | it's my premium mentorship, those core content lessons are on my YouTube channel, go to playlist for month four. And you'll see the PDF matrix lectures |
| 48 | 00:09:15,300 --> 00:09:32,250 | in that segment of videos. And in the discount. We have old highs and low lows. So when we trade back down in two like that, when we're bullish, we would expect |
| 49 | 00:09:32,250 --> 00:09:48,000 | to see prices trade higher. Alright, on an hourly chart, we can see that we have the market drop down. Small consolidation, this is where retail is going to see |
| 50 | 00:09:48,330 --> 00:10:00,330 | a bull flag. Okay, rallying consolidation and they want to see it go higher. I was asked today on my Twitter account, you know what my bias was? So I I want to |
| 51 | 00:10:00,330 --> 00:10:08,160 | read that and actually show you the tweets that way, it's not me just saying something in, there's no record of it. But it had a really nice explosive price |
| 52 | 00:10:08,160 --> 00:10:13,410 | move higher and cleared the 16,000 level. |
| 53 | 00:10:16,799 --> 00:10:28,439 | Five minute chart here, you can see the low forming here just shortly after the nine XRT opening creates a fair value gap here trades down into that beautiful |
| 54 | 00:10:28,439 --> 00:10:43,349 | run. Right from there takes off, small little favorite I got here hits it with an order block very, very high probability rallies or block rallies in finance, |
| 55 | 00:10:43,349 --> 00:11:03,689 | it's high the day in the last hour trading and then trading off the highs back into an order block. At 743, New York local time. I tweeted today. And I said |
| 56 | 00:11:03,689 --> 00:11:13,769 | that we're not trying to pick tops and buy programs, okay. Basically, a buy program is when the market is under an algorithmic price luery or price run |
| 57 | 00:11:13,889 --> 00:11:28,019 | that's repricing higher. It's not a classic bull market. It's not a trend, because I don't like talking about things in those terms, because I don't have |
| 58 | 00:11:28,019 --> 00:11:38,639 | any affinity for those types of things I did when I first started. But once my eyes were open to how markets are highly manipulated. And then I codified a lot |
| 59 | 00:11:38,639 --> 00:11:50,219 | of things you now are learning from me. I've completely dismissed everything else. So when I'm looking for higher prices, when my algorithm is looking for |
| 60 | 00:11:50,219 --> 00:11:58,349 | higher prices, and it's spoiling and running higher, I'm going to refrain from and I teach my students to refrain from trying to pick tops, no matter what |
| 61 | 00:11:58,349 --> 00:12:08,609 | pattern you think exists in price action, no matter who you love, in worship online, whatever they say, avoid it, I promise you if you do that, you'll you'll |
| 62 | 00:12:08,609 --> 00:12:22,889 | spare yourself a lot of losses. But yesterday was evidence that it's never a good idea or strategy. And I mentioned this morning, meeting, July 18 2003. This |
| 63 | 00:12:22,889 --> 00:12:33,449 | morning, I am waiting to see if they use the retail sales data, which was released at 830 in New York local time to drop in, then rally higher. If it |
| 64 | 00:12:33,449 --> 00:12:48,839 | drops and doesn't rally. It matters not to me, movement is desired. So what do I mean by that? Well, here is the 930 delivery. Okay, and this is the time of the |
| 65 | 00:12:48,839 --> 00:12:59,999 | tweet right there. So I was not counseling you, as my students look at that consolidation as a bullfight and go higher. I didn't want to see that. I wanted |
| 66 | 00:12:59,999 --> 00:13:09,869 | to see it go against retail mindset, which would be continuation or classic retail continuation patterns. And they would see and would have saw a bull flag. |
| 67 | 00:13:11,189 --> 00:13:20,609 | I'm not a fan of that. So the market dropped down at 930, which creates a Judas swing this market for traction in the opposite direction to what retail would |
| 68 | 00:13:20,609 --> 00:13:32,579 | expect. It goes down crazy short term little low rallies up and then dives one more time. That is absolutely beautiful. Because that sets the trap for every |
| 69 | 00:13:32,579 --> 00:13:41,819 | trader out there that thinks that that bull flag was gonna pan out. And now they want to catch this low down here, then it gets stopped out. That immediately |
| 70 | 00:13:41,819 --> 00:13:50,009 | scares 90% of any retail traders from one go long. They don't want to go long. Now they're scared, they're gonna get stopped out. And they don't know what to |
| 71 | 00:13:50,009 --> 00:13:59,489 | expect. What I'm looking for, is I want to see the market respect, my PD arrays, my discount arrays, things that I would love to belong on in any bullish |
| 72 | 00:13:59,489 --> 00:14:15,929 | scenario. So now it's time for a new gift to the trading community. Okay, so I want you to take a look at how the market created a run higher last week. We had |
| 73 | 00:14:15,929 --> 00:14:30,629 | a run up in a break lower when we see that you understand that this pattern here is if we treat above it, come back down in that should be what she does a |
| 74 | 00:14:30,629 --> 00:14:43,529 | bullish breakout, right. Not when we're in trend continuation. We're in trend continuation. I want to see the low, high, lower low. And then the next day if |
| 75 | 00:14:43,529 --> 00:14:58,349 | we rally through it. Like we do here. So there's Monday's trading. Now we have 123 isn't a three drives pattern and that's a topping pattern right now. No, no, |
| 76 | 00:14:58,349 --> 00:15:09,839 | no, no, no. What that I say this morning, we're not trying to call tops. So anyone that would have saw this as a three drives pattern here, or three Indians |
| 77 | 00:15:09,839 --> 00:15:20,879 | pattern if you're a reader of street smarts books, which is, in my opinion, one of the better books out there. But that's not a three, Joyce pattern. That's not |
| 78 | 00:15:20,879 --> 00:15:32,909 | a three Indians pattern. Okay? It is a setup for those individuals that want to use that idea. So one of the things that I codified in my algorithm is, if there |
| 79 | 00:15:32,909 --> 00:15:41,189 | is a opportunity for the market to continue higher or lower everything I'm gonna show you here, just reverse it. But since I'm bored, and I told him I was |
| 80 | 00:15:41,189 --> 00:15:59,309 | bullish, I was looking for a drop in dropping the what we'll get to that price level up there 16,028.75. Absolutely random. No. If you look at the price range |
| 81 | 00:15:59,339 --> 00:16:12,959 | from the low to the high, this is a breaker. But there's something specific about this breaker that we have to know and then use it slightly different. Low |
| 82 | 00:16:12,989 --> 00:16:28,379 | high, lower low. This stops out Long's so Long's are now no longer allowed to be participants of the next energetic price Lake higher. I am not requiring price |
| 83 | 00:16:28,529 --> 00:16:43,139 | to trade. In a normal sense with the breaker, I want to look for something different. This low up to this high. That is the standard measurement for |
| 84 | 00:16:43,139 --> 00:16:54,869 | projection on targets. So if this was a classic breaker, you would use the low to the high and the low low. That goes below this low here that sets the tone |
| 85 | 00:16:54,869 --> 00:17:06,719 | for the pattern as a breaker. But for swing projections for targeting purposes, all we're doing is taking the low to the high one standard deviation. That's |
| 86 | 00:17:06,719 --> 00:17:24,299 | what we're looking for. 16,000 zero to 8.75. I think it went one handle above it. Is that is that precise enough for you? We're gonna go a little bit beyond |
| 87 | 00:17:24,299 --> 00:17:40,769 | that now. This is my ITT Reaper inversion fear Vega. Yes, I know it's a badass name. I know. A Reaper inversion bear I got is when you're inside of a breaker, |
| 88 | 00:17:41,519 --> 00:17:49,199 | you're going to cut through candles because we are not supply and demand folks. I can't stress this enough. This is this is one of those lessons where you can |
| 89 | 00:17:49,469 --> 00:17:59,099 | look at folks on the internet to try to say I rebranded stuff, right call supply and demand something different or I complicated, folks, there is nothing like |
| 90 | 00:17:59,099 --> 00:18:14,009 | this anywhere else. Okay, I wanted to create and codify a method to go in and capitalize on number one precision to take advantage of shifted sentiment and go |
| 91 | 00:18:14,009 --> 00:18:26,609 | under the radar of everybody else out there. That's what my Reaper does. It's devastating. It's absolutely devastating, because you don't see it common. But |
| 92 | 00:18:26,609 --> 00:18:42,929 | it's right there. Price run leaves if everybody got in the lower portion of this price room. Okay, so it's the first leg of the bullish breaker, the fair value |
| 93 | 00:18:42,929 --> 00:18:53,519 | gap must be in a discount relative to that low to the high. You see it here to here and here. That's a discount, the discount is being measured on this basis, |
| 94 | 00:18:53,549 --> 00:19:03,929 | the low to high. Once we have that, extend that forward. If we're bullish. In this case, we were in proving it to you I told you, we were looking for higher |
| 95 | 00:19:03,929 --> 00:19:17,729 | prices. The market trades down through it doesn't respect that, as we would expect. Everybody that would see my stuff online or think they understand it, or |
| 96 | 00:19:17,729 --> 00:19:27,179 | think this is a liquidity void. It's not it's going to trade down through it run the stops. Why? Because I want to knock those individuals out to have a trailing |
| 97 | 00:19:27,179 --> 00:19:40,799 | stop loss there in the market rallies on Sunday and the Monday takes out the high. Now everyone that wants to use my breaker, they get punished here too. |
| 98 | 00:19:41,969 --> 00:19:51,959 | They're not gonna be able to go in here and go long. And also the traders that are using this as a bull flag, they're gonna get punished. Now I know if I was |
| 99 | 00:19:51,959 --> 00:20:00,449 | just to say all these things right here, this would have been like, Oh, this is cherry picked. Your formfitting you're doing this you're doing that I said it |
| 100 | 00:20:00,449 --> 00:20:08,129 | this morning before the market even got to eight o'clock. It's 743 This morning New York local time. I want to see it dropped down into what? |
| 101 | 00:20:09,660 --> 00:20:25,140 | Monday's range. Here's midnight on Monday, New York local time to Monday's high. Measure that the best. The best fills for getting long is going to be at |
| 102 | 00:20:25,140 --> 00:20:48,300 | equilibrium. or higher. Except when my Reaper exists in price action, cut through all these candles and go right there. We see a drop down. And then bang. |
| 103 | 00:20:48,330 --> 00:20:59,010 | That's the that right there, that signature there. That's what I was looking for this morning. Because it was respecting all through here. All through here into |
| 104 | 00:20:59,010 --> 00:21:09,570 | right back there. Folks, this is proof that my algorithm refers back to candlesticks, highs and lows that you would never otherwise know. Where's the |
| 105 | 00:21:09,570 --> 00:21:20,220 | Support Resistance idea? All this, you're gonna get right here, right? You're going to take that high and draw it out in time. Wonderful. But I've already |
| 106 | 00:21:20,220 --> 00:21:31,440 | told you classic Support Resistance is only confirmed if it has one of my favorite gaps in liquid a has right there, consequent encroachment of that |
| 107 | 00:21:31,530 --> 00:21:42,720 | Reaper right there. But if you want to know and you want to have all the details that are making available to the trading community at large, these are the |
| 108 | 00:21:42,720 --> 00:21:57,180 | things that have codified. A Reaper is a very very gaff in a discount of the impulsive price leg of a bullish breaker reverse it a bearish ICT Reaper |
| 109 | 00:21:57,240 --> 00:22:08,640 | inversion fair value gap would be a bearish breaker that would have a fair value gap in the premium side of the impulsive price leg. So all these things are |
| 110 | 00:22:08,640 --> 00:22:24,720 | completely reversible. But the context is you have to have a bias there has to be some kind of retail idea that wood floor traders in we have here bull flag it |
| 111 | 00:22:24,720 --> 00:22:36,510 | drops down in to what the previous day's range. Now look at the body's respecting 50% of the previous day's range. See that? Remember, the wicks do the |
| 112 | 00:22:36,510 --> 00:22:52,050 | damage. That's the Reapers job. And that little signature right there tells me it's done he's gonna go higher on entering on that candle. Taking all that |
| 113 | 00:22:52,050 --> 00:23:03,180 | aside, if repairs are a little above your paygrade and little confusing for you, that's a fee I'll talk more about in my book. We have our standard and very |
| 114 | 00:23:03,210 --> 00:23:16,980 | version fair value gap there within a breaker classic bullish breaker. And then here's the price lag between the low of that candle and high that candle those |
| 115 | 00:23:17,010 --> 00:23:27,570 | are the specific price points. And my fill gone long six contracts was 15,007 81. Even below and inside the inversion fairway get there at the candle |
| 116 | 00:23:27,570 --> 00:23:39,630 | that qualified and confirmed that my Reaper was in fact, good to go send price higher. And I took a market exit there wasn't a stock out of this, simply close |
| 117 | 00:23:39,630 --> 00:23:47,400 | it because my intent is we're going to be somewhere else and I wasn't going to do anything I wanted to do managing it all myself. And so there's where my |
| 118 | 00:23:47,400 --> 00:24:00,060 | clothes was. And a little bit higher one above the 16,000. But that's still good enough over 120 handles on NASDAQ so about 14 grand plus. So not bad for a |
| 119 | 00:24:01,020 --> 00:24:14,370 | couple hours so far, leisurely fishing. And here is the one minute chart on this deck. What I was entering also was we had this runoff and as the candle was |
| 120 | 00:24:14,370 --> 00:24:27,150 | dropping down, I'm going to enter that right there. And then this would be your classic return in for a fair Vega bullish breaker and then the secondary end |
| 121 | 00:24:27,210 --> 00:24:41,100 | entry would have been here. You took that one and around round on up in Iraq closed it manually. So that my friends is what took place today and it was a |
| 122 | 00:24:41,100 --> 00:24:51,720 | wonderful explosive price move today higher after me counseling you this morning. We would look for dropped down in previous day's range. And just was |
| 123 | 00:24:51,840 --> 00:25:00,660 | beautifully beautifully offered. It was one of those days where when you know what you're looking for. And if you're struggling with trying to Capture big |
| 124 | 00:25:00,660 --> 00:25:09,810 | runs, okay? If you're on these little timeframes, and you're simply just looking for things like, Okay, well, here's relative equal highs, and say you did by |
| 125 | 00:25:09,810 --> 00:25:18,150 | this silver bullet, okay? Because that's what that was, by the way, essentially is a silver bullet with all the other things that gave him context. So which is |
| 126 | 00:25:18,150 --> 00:25:31,050 | like a silver bullet with on on steroids. This year is a one time macro, it starts running higher there. And you might think, Okay, well it gets above here, |
| 127 | 00:25:31,050 --> 00:25:40,290 | I'm done. But if you're ignoring the higher timeframe that we're going to go higher anyway, we're going to keep going higher. We're not trying to pick tops |
| 128 | 00:25:40,500 --> 00:25:55,770 | in by programs. And the daily range is likely to create that extreme high if we're bullish in the pm session. Going into that last hour, well, look at time |
| 129 | 00:25:55,770 --> 00:26:14,520 | of the day. Hi, there was formed, around three o'clock didn't go beyond 16,000. Much. But I gave up that 100 handles. But that's okay. Connect wise enough. |
| 130 | 00:26:16,860 --> 00:26:28,590 | Don't sit here and try to convince yourself the five handles is enough. Or 20 handles is enough. If you really want to capture big runs, you'll scare yourself |
| 131 | 00:26:28,590 --> 00:26:38,700 | entirely from holding on to them. And one of the best ways of doing it is when you get a entry, you place your stop. Don't worry about trailing it. Don't worry |
| 132 | 00:26:38,700 --> 00:26:50,250 | about trying to take parcels just let it go. Turn off the charts go out like I did, I was away from the house. I wasn't looking at it. Because I'm not worrying |
| 133 | 00:26:50,250 --> 00:27:00,000 | about all the things I'm trusting my algorithm I'm trusting what's codified, I'm trusting that the delivery of price is going to be exactly what has been coded |
| 134 | 00:27:00,000 --> 00:27:11,640 | to do price the high in the afternoon session the last hour, then you'll get your retracement. That's power three. This is not the entire daily range. Here |
| 135 | 00:27:11,640 --> 00:27:20,790 | I'm just showing you where my trade entry wasn't my exit. Remember, it goes higher than this, it goes to 16,000 something. And I didn't get all that. And I |
| 136 | 00:27:20,790 --> 00:27:32,130 | don't need to. So if you're looking for ways to hold on to a trade and capture these big runs, not just get 10 handles or 20 handles, and yeah, it is great, |
| 137 | 00:27:32,160 --> 00:27:43,560 | you know I'm killing it. You may very well be killing it. But you're missing these monster hauls. By not knowing the higher timeframe bias, not understanding |
| 138 | 00:27:43,590 --> 00:27:54,480 | what the likelihood of a large range would do for your trading and your equity. And you don't need to have a full position on like, this is my initial entry. |
| 139 | 00:27:54,480 --> 00:28:03,990 | Usually it's six contracts. I was tempted to go in and do four more here. I said, you know, I'm just gonna leave it there. I'm gonna leave it there. I'm not |
| 140 | 00:28:03,990 --> 00:28:13,170 | gonna worry about it. And while I was out doing what I wanted to do today, the market just kept on plow on higher smashing everybody that was wanting to go |
| 141 | 00:28:13,170 --> 00:28:26,940 | short. On the heels of they're going to use the retail sales number and then going into 930, drop it down. Creek relatively colos. rally at sharply. Fear |
| 142 | 00:28:26,940 --> 00:28:40,440 | Vega sells off. Now retail doesn't want to be long. So as long as they're afraid to buy it. That's welcoming, feeling for me with the smart money mindset with |
| 143 | 00:28:40,440 --> 00:28:52,770 | trading I want to go in when they're fearful. What time do we trade for a silver bullet 10 o'clock, to 11 displacement, down close candle as it's trading down, |
| 144 | 00:28:52,770 --> 00:29:03,090 | I'm buying this right here could have been another four contracts. And then I'd have my full time positions. This is my standard model for trading index |
| 145 | 00:29:03,090 --> 00:29:15,450 | futures, and then rallied up on that front charts. my stop loss is below this candles low right there. That's where the stock was. And you've seen you use |
| 146 | 00:29:15,480 --> 00:29:24,630 | tighter stock losses than that. But it went down into the fair value gap there. If I would have saw that. I would have did another entry just to prove to you I |
| 147 | 00:29:24,630 --> 00:29:34,200 | was trusting the pattern. There wasn't there wasn't Martin Charlton at the time, and just kept on mosey on up and because I wasn't in front of the charts. And |
| 148 | 00:29:34,200 --> 00:29:41,280 | because you wouldn't be in front of the charts. When you train yourself to do this. You put a patient on and just let it go. If it stops Yeah, it stops Yeah, |
| 149 | 00:29:41,280 --> 00:29:48,810 | and it's not gonna be the last year you rotate. But you have to condition yourself like this to hold on to it for a long period of time by not looking at |
| 150 | 00:29:48,810 --> 00:30:00,750 | the chart because it's real easy to see this thing. Okay, okay, I made a lot of money now. Let me just get out of it. No, trust time of day, trust it and In the |
| 151 | 00:30:00,750 --> 00:30:02,940 | market to explode higher |
| 152 | 00:30:09,179 --> 00:30:16,889 | hopefully banners were insightful and it was beneficial to you obviously it's just an introduction to my city reversion fear Vega. I'll have more talk about |
| 153 | 00:30:16,889 --> 00:30:22,109 | that in the book and won't be releasing anymore because I already know somebody's gonna come out here and maybe many of you ever come out there and try |
| 154 | 00:30:22,109 --> 00:30:28,529 | to create little tutorials on YouTube and misinform everyone because you don't know what you're doing. Please don't try to do that. Okay, I understand what |
| 155 | 00:30:28,529 --> 00:30:34,469 | clicks and all that stuff but you don't know what you're doing. And you don't know what I'm gonna teach about that very specific PDA right. So I want to |
| 156 | 00:30:34,469 --> 00:30:40,349 | introduce you today. And I hope you found it inspiring and interesting. Until talk to you next time. Be safe. |