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ICT YT - 2023-08-20 - ICT Mentorship 2023 - Live trade Walkthrough August 18 2023

Last modified by Drunk Monkey on 2023-08-23 11:15

Outline

00:05 - Live execution video and why.

- A different approach to the teachings, a why and an explanation for the live execution video on trading the es on friday.
- A 30 minute video by ict
- There is nothing better than watching real-time delivery and the investment of buying a screen recording application or downloading one that may be free like obs.
- Using camtasia by techsmith.com.

03:58 - You can’t rush into a trade.

- You want to be able to submit yourself to watching how long it takes to do that very thing, and not run for your stop and run to your first objective, second objective, and ultimately to close your trade.
- You can't rush excellence, and that's what you should be striving for.
- Going through the process used to determine that he was offside on his initial position, and flipping the script to beat the socks off of it.
- Looking for the shaded area.

08:49 - Taking notes on the down close candle.

- This is for your notes. If you're not taking notes, you're wasting your time. Go watch something else on netflix.
- The formidable factor that needs to be overcome is the down close candle. Watch how the candle behaves at this down close candles.
- Trading back at two times the speed to see how the candle behaves as it is traded.
- The next candle is trading down, and it's trading down this candle right here. At the end of the end, the cursor is right there that should not go back up.

13:55 - Longing the short position.

- Going short in a loss and immediately going long in a short position.
- How the stop loss should be throughout the entirety of the trade until the consequent correction.
- One clean candle on the downside and one directional on the upside. This is a balanced range. It needs not come back below this low.
- The weekly range high and low up.
- How to get through this high here in this inefficiency.
- The low in here on this pullback is inside of an inversion fair value. This is indicative that they are likely to come back down and trade into this area again and do what upset anything.

21:14 - Never put your stop-loss in a fair value gap.

- Never put a stop loss in or at a fair value gap after a shift in market structure. Never do that.
- Buyside was taken on the Nasdaq.
- Looking at the other averages and drawing on liquidity for the dow, pulling up the dollar index and euro, which is moving higher.
- Going long down and short short, reversing off-side.

26:06 - Raising the stop-loss.

- He did a raising of a stop once more. He chased it too soon and it did not pierce and trade through the other side north of the subsequent corrosion of the wick.
- He is now inviting the market to stop him out, but is not looking for the objective.
- Nasdaq trades down into the fear of a gap that is inside of displacement leg after a side run. This is exactly where you want to accumulate a long position.
- S and P failed to make a lower low like the nasdaq did, so this was a stronger one.

31:16 - Bullish order block and limit orders.

- Bullish order block, look at the run on Nasdaq handsomely, and the consequent encouragement to go above this candle.
- Nasdaq is rolling through and now, because it doesn't care.
- Some of the things people think are arrogance, but it's just me confidently responding and neutering the young pups out there that think they know what they're talking about.
- If something doesn't jive with you, if it makes you uncomfortable, you're not the only student.

36:10 - How to become a bullish market climber.

- Learn how to climb like a mountain climber, like a free climber with no ropes, just a chalk bag and their grip.
- How to map out footholds and get a foothold.
- He wants to have a very few number of candlesticks because the more Candlesticks makes him question, why not this one and why not that one.
- The market clears this candle.
- John murphy has nothing like that in his book about this new market wizard and any jack swagger in the books.
- John Murphy, the god's honest truth is the truth.

Transcription

1 00:00:05,130 --> 00:00:19,560 ICT: Welcome back, folks. So we're gonna do a little bit different approach to the teachings. So when going to a why, and a explanation for the live execution
2 00:00:19,560 --> 00:00:36,060 you guys watched on Friday, trading the ES. Before I get into it, if you have not watched the live execution video, the full form video do that first, it's
3 00:00:36,060 --> 00:00:48,600 silent, it doesn't have anything. No audio. So there's no necessity for a subtitle. For the folks that are asking in the comment section. I want you to
4 00:00:48,600 --> 00:00:57,030 watch the video. It's about 30 minutes in length. Now I already know some of you are already complaining, saying there ain't no way I'm gonna sit there and watch
5 00:00:57,030 --> 00:01:08,310 a 30 minute video by ICT I'll speed it up to time to speed and watch it in 15 minutes. And you will be cheating yourself of the opportunity of training
6 00:01:08,340 --> 00:01:23,580 yourself seeing what it's like to be in the real market condition. Many times when I show an example of me executing live trades. The sped up approach that I
7 00:01:23,580 --> 00:01:36,540 use to condense everything into a two minute and 22nd vignette on Twitter. Sometimes we'll condition the students to anticipate that their trade should run
8 00:01:36,540 --> 00:01:49,530 away real quickly towards their profit. And that's not my intent. My intent is for you to be inspired by the executions and examples using the logic and the
9 00:01:49,590 --> 00:01:59,370 concepts that have codified over the years. But the importance is for you to go into your charts and watch that pan out in your own observations. Now some of
10 00:01:59,370 --> 00:02:13,350 you may not have the ability to watch real time price action. And you're relegated to simply using a Forex tester if you're trading Forex, or Market
11 00:02:13,350 --> 00:02:23,010 Replay something to the effect. And I'm not trying to discourage anyone from doing that. But there's nothing better than watching Real Time price delivery.
12 00:02:24,330 --> 00:02:37,290 And the investment of buying some kind of a screen recording application or downloading one that may be free. Like OBS. I have no affiliation with any
13 00:02:37,290 --> 00:02:48,450 company. So I get asked a lot, what do I use to make these videos and record my screens and SATs I use Camtasia by techsmith.com. I've been using them since the
14 00:02:48,450 --> 00:02:57,780 first video I made on baby pips, and I fell in love with the simplicity of it all. It works well. You don't have to have that one, any kind of screen
15 00:02:57,780 --> 00:03:07,020 recording application. If you're at work school sleeping on your business, you can't be in front of price action, recording it, having a way to see the price
16 00:03:07,020 --> 00:03:15,510 action on multiple timeframes, like have an hourly chart, have a two minute chart and a five minute chart or a 15 minute chart, a five minute chart and a
17 00:03:15,510 --> 00:03:29,250 one minute chart and record how the price behaves. And then when you get home or wake up, then you can play that back. And you can get so much more insight by
18 00:03:29,250 --> 00:03:43,920 having studied that you can pause it see it like it really is delivering real time Market Replay on trading view is a little bit stilted. It's wouldn't
19 00:03:43,950 --> 00:03:56,610 feeling it's, it's not organic. Whereas if you watch real time price delivery, you're seeing every fluctuation up and down, up and down until the candle closes
20 00:03:56,610 --> 00:04:06,840 and a new one opens. And you want to be able to submit yourself to watching how long it takes for price to do that very thing. And not run for your stop and run
21 00:04:06,840 --> 00:04:18,780 to your first objective. Second objective and ultimately to Terminus, which we close your trade. But you wanna be doing these things before long before you put
22 00:04:18,810 --> 00:04:28,560 a live trade on. And long before you press a demo. Now, some of you don't like to hear those things. And I understand because you're in a hurry, you want to go
23 00:04:28,560 --> 00:04:38,340 out there and start making money right now because you got bills to pay in NZ mean places to go and be able to see, I get it, I get it. But you can't rush
24 00:04:38,370 --> 00:04:51,060 excellence and that's what you should be striving for not getting here start doing what everybody else is doing and when 90% are losing money. So it's no
25 00:04:51,060 --> 00:05:03,030 surprise when people rush into this day in that part of the herd. So when I show you this example here today I want you to think about how all of this was being
26 00:05:03,030 --> 00:05:16,770 done, calculated, determined, all real time. Okay, I had the hard right edge to the right of my chart, there had no advantage of knowing beforehand because of
27 00:05:16,770 --> 00:05:31,710 Market Replay. And the aftermath of being right or wrong, I had to contend with that. And I was counseling my son by watching both the ES and the NASDAQ, I'm
28 00:05:32,400 --> 00:05:42,360 presently teaching him how to navigate certain things in price action that has been problematic for him and his understanding. So when I look at price action,
29 00:05:42,360 --> 00:05:55,380 I'm looking at things that are going to be obvious and obvious run on liquidity and on an obvious run to inefficiency. And, in case you're wondering, the screen
30 00:05:55,380 --> 00:06:03,330 is sitting here waiting for me to press play on a recording have already made, we're gonna play a video that's already uploaded on my YouTube channel. And it's
31 00:06:03,330 --> 00:06:13,710 the 30 minute duration. The execution I did on Fridays, es trading was just the morning session, it wasn't me trying to do the entire range. But I'm gonna go
32 00:06:13,710 --> 00:06:27,330 through the process of explaining things like understanding when you're offside offside means you're on a trade or in a trade, and you discover that you're on
33 00:06:27,330 --> 00:06:33,900 the wrong side of the marketplace. In other words, you You went long when you really shouldn't be long and probably better for you to either be out of the
34 00:06:33,900 --> 00:06:47,700 market or going short, or vice versa. So I'm going to go through the process that I used to determine that I was offside on my initial position. And then I
35 00:06:47,700 --> 00:07:01,650 flipped the script and it got insane in beat the socks off of it. Alright, so we're watching the s&p on the left hand side, I just went short five contracts.
36 00:07:02,370 --> 00:07:21,570 And what I'm doing here is I was looking for this shaded area down here. Okay, so the shaded area at the bottom here already don't like what this is doing. I
37 00:07:21,570 --> 00:07:31,740 want this border thing to go away. Down here where it shows the players timeline. But below this low there sell side inefficiency down here. Okay, and I
38 00:07:31,740 --> 00:07:44,610 talked about that on Friday. But we also had this boss Annabelle sellside. An efficiency between this candles low in this candle is high. We had relatively
39 00:07:44,610 --> 00:07:58,920 equal lows, we've already swept that. And we ran above. And initially I thought that we came up in here took these by stops and rebalanced to this inefficiency,
40 00:07:59,190 --> 00:08:11,280 we spent time there and then left came down into this area here and look real close you'll see that there is a volume imbalance there. So I felt that we had
41 00:08:11,280 --> 00:08:22,680 already worked off any need to go higher initially. And I wanted to see it run for sell side. Take this sell. So I hit this and then maybe go into TGIF which
42 00:08:22,680 --> 00:08:33,600 is 20 30% on the weekly range retracement. But what I was looking at is right here, inside this shaded area, which is the buys on balance outside of
43 00:08:33,600 --> 00:08:43,980 efficiency, which is a fair value gap. I was willing to take the trade knowing that if I did get stopped out, it's not that much of a risk. It's it's rather
44 00:08:43,980 --> 00:08:54,450 small. And it's easy for me to recoup this. This is for your notes, folks. Okay, if you're watching my videos and you don't take notes, you're literally wasting
45 00:08:54,450 --> 00:09:02,070 your time. Go watch something else on Netflix because you're probably better off doing that than certainly trying to watch something here by me, which is highly
46 00:09:02,070 --> 00:09:09,390 technical, a lot of rules and procedures and protocols that are being introduced to you. And you're not going to retain it by just simply listening. You have to
47 00:09:09,390 --> 00:09:15,810 write it down. You have to put it in your journal, you have to go into the market looking for these things to repeat not to simply say well ICT said it so
48 00:09:15,810 --> 00:09:27,810 therefore it must be true. Don't do that. I want you to go in and test and see study, measure, see if there's any validity to it. Or I'm just a magician I can
49 00:09:27,840 --> 00:09:36,060 perform these things on up myself and no one else can do it either when you all can see now that I have profitable students all around the world doing it. But I
50 00:09:36,060 --> 00:09:48,060 want to see can we get past this inefficiency. Let's this shaded area here which is defined by this candles low and this candles high. But the formidable factor
51 00:09:48,060 --> 00:09:56,280 that needs to be overcome is the down closed candle right there. So I watched it. It goes into it here.
52 00:09:57,300 --> 00:10:05,940 And I'm waiting for this to completely overlap. wrap it and go through it, and then dig down into this candle. And I want to see it accelerate towards the
53 00:10:05,940 --> 00:10:19,080 consequent correct on this. If it would have done a run to this midpoint of this wick here, I would have added more shorts there, with the anticipation that we
54 00:10:19,080 --> 00:10:28,920 would go this low and down to the shaded area here in the blue. But watch how price behaves at this down close candle because that's a bullish order block. If
55 00:10:28,920 --> 00:10:36,210 I'm bearish and I teach my students if they're, if you're bearish, you want to see down close candles be smashed through, you don't want to see any respect of
56 00:10:36,210 --> 00:10:45,540 that at all that's bearish institutional order flow. You don't need some kind of depth of market, you don't need some, you don't need some kind of a V Whap or
57 00:10:45,600 --> 00:10:53,400 volume profile stuff. You don't need that. Okay, I'm not trying to discourage the folks that use it or making money with it. I'm just saying that that thing
58 00:10:53,520 --> 00:11:03,090 that you're applying your faith to has nothing to do with what price is doing. So watch how price behaves as we trade into now again, I'm I'm playing this back
59 00:11:03,120 --> 00:11:11,070 at two times the speed. Because my talking over top this hopefully, I'm doing it correctly. I'm projecting it to be about a 30 minute video.
60 00:11:16,230 --> 00:11:27,450 Alright, in the notice I put the stop loss above this fair value gap. Now watch this. The opening of this candle right here. I'm watching how it performs at the
61 00:11:27,450 --> 00:11:37,590 LSE a dig into that and through it liquid if the owner No, no, no, no, no, we don't want to see that. That's respecting the opening price there. So I just
62 00:11:37,860 --> 00:11:52,530 closed and reopened a new trade. So when price was trading down here, and I was watching it, this touch of the opening price inside this wick of the down close
63 00:11:52,530 --> 00:12:05,970 candle and going right back above what this candle is consequent encouragement. And it's above the buy sell themselves on efficiency, this should have never
64 00:12:05,970 --> 00:12:17,940 happened here and went back above the opening price on that candle. It should have never happened. If it was bearish. It should have never happened. So while
65 00:12:17,940 --> 00:12:26,490 I'm watching price, my focus and my attention was on this down close candle. And do we smash through it and eat entirely through this and go outside of the low
66 00:12:26,490 --> 00:12:43,890 of this inefficiency. Now imagine what I just explained right there. You can't see that the same way in a book. You can't see it in a book. So when I'm
67 00:12:43,890 --> 00:12:52,890 providing these lessons like this, these are going to be like supplemental things that you can watch that I refer to in my books because you need to be
68 00:12:52,890 --> 00:13:02,730 able to see it dynamically. What it looks like as it's happening, because a static picture doesn't accomplish anything. Except for oh, yeah, that's
69 00:13:02,730 --> 00:13:15,120 interesting. But when you watch it, when you watch it unfold, then I'm gonna take it back and let you see it again. The next candle, watch what happens. I'm
70 00:13:15,120 --> 00:13:32,160 already short now. No, watch it again, it's trading down this candle right here, look at this price rate, there are the end the my cursor is right there. That
71 00:13:32,160 --> 00:13:46,050 should not go back up like that. As soon as I see this, I'm thinking myself, Okay, I'm offside. Now, you might be thinking, well, when you watched it the
72 00:13:46,050 --> 00:13:54,510 first time you think okay, he you know, maybe he wants to get a better entry up here, I would never do that. I would never close a trade if I want to add more
73 00:13:54,510 --> 00:14:03,720 to it here. Or if I still want to be short. I'm anticipating this level here to give way to the upside. So I'm about to go up and hit the buy button and go long
74 00:14:03,720 --> 00:14:24,990 five contracts. So I did not get stopped out. I stopped the short in a loss and went immediately long. to Now I'm long. I'm placing the stop loss below the
75 00:14:24,990 --> 00:14:37,020 bodies of these candles here. And at consequent corrosion of that wick. I don't fear that being retreated to because I had the defense of this candles wick and
76 00:14:37,020 --> 00:14:52,170 the top of the imbalances over here in the blue shaded area. So now what I'm doing is I'm aiming for this area up here. Now because my son is trying to learn
77 00:14:52,170 --> 00:15:00,630 how to do this, and he doesn't want to use stop losses, he's afraid to put stop loss and he'll get he'll get stopped out. So what I say sat down with him on
78 00:15:00,630 --> 00:15:09,780 Friday, I explained to him, I said, Listen, I'm gonna, I'm gonna put a really, really tight stop loss on one that it's not even realistic or practical in the
79 00:15:09,780 --> 00:15:17,490 hopes that I get stopped out. And then I have to go back in and use what's still available in price action. As long as the objective of here isn't met, I have to
80 00:15:17,490 --> 00:15:25,740 use something in here as it forms, or wait for to form to go back in and reload another long position.
81 00:15:32,250 --> 00:15:35,280 So I'm expecting this to become an inversion fair value gap.
82 00:15:41,850 --> 00:15:57,810 Okay, and I'm watching price action here. Right away, this is where the stops should be throughout the entirety of the trade until we get to consequent
83 00:15:57,810 --> 00:16:07,020 correction of this wick. Because it's Friday, it's choppy, it's range bound, I just added more contracts. Now I'm trailing stop loss up because he's asking me
84 00:16:07,530 --> 00:16:16,950 if I wanted the trailing stop loss. Where would I be able to do that and still be within a reasonable range without being stopped out? Inside of this blue
85 00:16:16,950 --> 00:16:24,540 shaded area? It's not going to come back down to near why why would I feel confident about that placement stop right there. That's the highest it should be
86 00:16:24,570 --> 00:16:38,160 raised to until new structure is placed in this timeframe for the woman to chart. This inefficiency here, that shaded blue, also, this one here. That's not
87 00:16:38,160 --> 00:16:49,980 highlighted. So in my mind, I'm thinking this candle has come down to here. We, repriced, to this level here. And because we have one clean candle, the
88 00:16:49,980 --> 00:16:59,700 downside, one clean candle on the upside, one directional inside of this bottle of Alsace on efficiency, this is a balanced price range, it need not come back
89 00:17:00,120 --> 00:17:10,530 below this low. But I'm further confident because I have the down close candle here that acted as what the bulls were blocked, which was problematic for my
90 00:17:10,530 --> 00:17:20,340 short, I wanted to watch this get taken out to the downside on my initial short entry. But because it reacted off the opening price here, I'm not interested in
91 00:17:20,340 --> 00:17:32,820 holding it. But I believe that it's going to run now TGIF, which is the weekly range high and low up to that point, which is the loads over here somewhere, I
92 00:17:32,820 --> 00:17:41,580 believe going to go up 20 to 30% of the weekly range. Because it's Friday, and we've had a nice bearish week. So it's going to want to go back against all
93 00:17:41,580 --> 00:17:50,580 those individuals that are holding shorts. This is a realistic, easy objective, low hanging fruit objective. That's the buyside liquidity on day on Friday. So
94 00:17:50,580 --> 00:17:58,500 it's reasonable to anticipate going up there, I mean, stop loss up into the opening price of this down close candle, it need not trade back there. Why?
95 00:17:58,530 --> 00:18:11,670 Because we already had 123 times to it all immediately after trading above it. So there's no need for it to come back down here. If it did come back down here,
96 00:18:11,670 --> 00:18:23,550 it's gonna go lower. And I don't want to be in that position any longer. So I've reduced the risk a little bit by raising the stop loss up. And I want to see how
97 00:18:23,550 --> 00:18:41,130 price can get through this high here in this inefficiency, so I'm watching NASDAQ as I'm watching the delivery on the E Mini s&p. Now, this high here, I'm
98 00:18:41,130 --> 00:18:51,810 watching how NASDAQ wants to draw up into that. And much like over here, NASDAQ should not go below this low because we already repriced, to this inefficiency
99 00:18:51,810 --> 00:19:04,950 there. And we've had low lower low lower low. So we have a bullish breaker here. Big up close candle right there. That's the low right there. So we've whipped
100 00:19:05,100 --> 00:19:16,500 into this closed candle on the NASDAQ right there on the candle right there. The bodies have respected that bullish breaker. So this low should never be taken
101 00:19:16,500 --> 00:19:30,030 out. This should be driven to for liquidity purposes, and whatever 20 to 30% of the weekly ranges for NASDAQ. And yes, that's where we're drawing to. That's my
102 00:19:30,090 --> 00:19:38,250 that's my mindset. But I'm teaching my son low hanging fruit objectives, bread and butter income trading. This is where we're going to draw to just for this
103 00:19:38,250 --> 00:19:57,090 idea. So back to the video. So I'm drawing my attention in my son's attention on the inversion fair of a gap year. So we've already hit it here. Now my stop
104 00:19:57,090 --> 00:20:06,750 losses trailed right below that. This is where I should not have raised it. And I'm showing him that just because they created another inversion fair value, get
105 00:20:06,750 --> 00:20:15,930 don't run your stop loss up underneath that. Keep it in here. Because what events do you have up here, you just have this inefficiency. And we did take
106 00:20:15,930 --> 00:20:25,830 this high out, which is fine. But we're already wicking through. So that's already indicative that we're likely to come back down and trade into this area
107 00:20:25,830 --> 00:20:43,710 again, and do what upset anything in here that may be trailed up from this low up into here. long you're going to be attacked. Prices gravitating to that
108 00:20:43,710 --> 00:21:01,560 shaded area up in here. Watching NASDAQ as it delivers higher. Notice that the low in here on this pullback is inside of an inefficiency. And it reached up
109 00:21:01,560 --> 00:21:14,820 higher. Now there is the mistake again. That's what he wants to do. He wants. He wants to raise the stop loss up just below this fair pay gap. Never, never,
110 00:21:14,820 --> 00:21:24,720 never, never, never do that. Okay? Never do that. Patrick, if you're listening, and you are, we have a shift in market structure here. Never put your stop loss
111 00:21:24,750 --> 00:21:36,900 in or at a fair pay gap after shift in market structure. Never do that. Because it's going to gravitate to it. Rebalancing and repricing that's what I'm
112 00:21:36,900 --> 00:21:47,190 basically telling my son at the time. But the expectation is, we're going to look for it to trade there. If it does, run and never come back to the stop
113 00:21:47,190 --> 00:21:58,560 loss, then that will be just look. But I'm placing it there. Because I want him to see that this is a flawed logic. Never put your stop loss that's being
114 00:21:58,560 --> 00:22:04,530 trailed in a fair value gap immediately after a shift in market structure.
115 00:22:13,440 --> 00:22:15,750 Okay, so buyside was taken on NASDAQ over here.
116 00:22:22,349 --> 00:22:32,819 This will be the last line of defense, this damn close candle right here. If it goes through this, then it's going to run into this V Ray get there and take the
117 00:22:32,819 --> 00:22:45,959 stop. And it also was telling him we're not going to do any partials on these trades, I want you to see what it's like to be in a full pool of four paws from
118 00:22:45,959 --> 00:22:56,219 entry to target, no partial taken. So normally, this right here would be a good idea to see it run right up in here and take out the buy side. That's what I'm
119 00:22:56,219 --> 00:23:06,599 saying. I'm saying no, you would expect that price deliver here. And it could very well do that. But you'd never never never want to put your stop loss inside
120 00:23:06,599 --> 00:23:17,759 of a fair value gap immediately after a shift in market structure. Always give allowance for the market wanting to likely go back in and reprice to these
121 00:23:17,759 --> 00:23:19,079 inefficiencies like this.
122 00:23:27,119 --> 00:23:36,749 Looking at the NASDAQ, we've taken this high out. So where's the imbalance from this high tick in this high out here? Where's the inefficiency right there. You
123 00:23:36,749 --> 00:23:48,239 don't want to put a stop loss in there if you're long. Watch the WIC consequent encouragement here. So I'm just going to scroll through and look at the other
124 00:23:48,239 --> 00:23:56,759 averages and there is a batch liquidity pool there and to draw on liquidity for the Dow which is on the right hand side now I'm going to pull up the dollar
125 00:23:56,759 --> 00:24:11,579 index pulling up Euro so euro is moving higher. So that means we have a risk on scenario. So I feel that we're we're on side now. But that stop loss is going to
126 00:24:11,579 --> 00:24:21,269 be problematic. So I'm inviting the opportunity for the market to take that stop and then show my son how we would get Rebeck in when there's an opportunity to
127 00:24:21,269 --> 00:24:21,749 do so.
128 00:24:31,170 --> 00:24:47,910 So going long, down here, going short reversing off side, not one side long. Adding adding adding adding breaker phire gap. It's really an inversion fair
129 00:24:47,910 --> 00:24:59,310 value gap. And then put the stop loss in nary where we have nice handsome profits up here but it's all going to go away and stop out in profit but still
130 00:24:59,310 --> 00:25:03,420 nonetheless. Give up all that. And then we'd have to go back and rebuild it all again.
131 00:25:15,119 --> 00:25:26,069 Okay, so I'm showing him that, right? There's not an inversion fair value gap. Because it's a shift in market structure here, go back through that leg. Where's
132 00:25:26,069 --> 00:25:35,429 the inefficiency? It's right here. So it's below it goes below this. So you can't look at that as Oh, it's going to be a reason to go long. No.
133 00:25:50,369 --> 00:26:02,279 That's me just telling you as the audience members after I can get done teaching my son. But right now I'm telling him that the consequent encroach on that width
134 00:26:02,279 --> 00:26:14,639 right, there may be enough to stop it from rallying. And now he did a raising of a stop once more. So what did I do there? I chased it too soon. It did not
135 00:26:14,639 --> 00:26:25,139 Pierce, and trade through the other side, north of the consequent corrosion of this wick. It didn't do that. So now I'm inviting the market to stop me out.
136 00:26:26,999 --> 00:26:39,899 I'll be it profitably. But if we're looking for this objective of here, and the market has not, essentially disrupt the underlying market structure to be a long
137 00:26:39,899 --> 00:26:50,849 holder, then we can go in and reposition going long. Yes, there's a lot of things the way out. That's what makes this stuff difficult to them. Because my
138 00:26:50,849 --> 00:27:01,379 stuff is complicated, because trading in general, is not a one trick pony approach. It's this. There's things you have to weigh out. And the worst thing
139 00:27:01,379 --> 00:27:12,959 you do is run a trail stop loss too quickly. If you watch my executions, the ones that I'm doing the best in are the ones where I keep my stop loss far away.
140 00:27:12,959 --> 00:27:22,319 So I'm not managing you mental capital. Okay, getting stopped out now returning back into the inversion fair value gap. Now I'm going long at consequent
141 00:27:22,319 --> 00:27:30,809 encouragement of this inversion, fair value gap with the expectation and allowance for it may trade down to the low of this area and go one, one ticker.
142 00:27:30,809 --> 00:27:39,899 So below it, why would they be willing to accept that because that's coloring outside the lines? It's normal? So I'm placing a stop loss here, this is
143 00:27:39,929 --> 00:27:47,639 Effective stop loss placement, because it's below the consequent encouragement of this candle wick below the consequent question, this candlestick, which is
144 00:27:47,639 --> 00:28:00,329 also the low of this inversion, fair value gap. So I'm in my mind, I'm thinking okay, it could it could trade down to that low that shaded area. And still, I'm
145 00:28:00,329 --> 00:28:09,209 protected with that stop loss because I have this fear I got, which is an emergency ragazzi. I went below a little bit, that's fine. I'm not worried about
146 00:28:09,209 --> 00:28:20,639 that. It can go through one ticker, so below the consequent crush on this wick. That's completely acceptable. You may have freaked out seeing that. I've seen
147 00:28:20,639 --> 00:28:29,069 this so many times. I'm not worried about that, either. That's not a concern for me. So you're just I'm looking over here showing my son other things, because I
148 00:28:29,069 --> 00:28:35,939 already know this is already sorted. Look at the bodies, how do I feel confident cuz we stopped inside the airbag gap, which is an inversion of airbag that right
149 00:28:35,939 --> 00:28:43,259 there. And it opened right at the bottom of that shaded area. So I know I'm on site. Now. There's nothing for me to be concerned about? Absolutely. Not at all.
150 00:28:43,349 --> 00:28:55,469 Not one thing is worrying me. And look what happened to NASDAQ trades down into that fear of a gap that's inside of displacement leg after by side run. Think
151 00:28:55,469 --> 00:29:08,099 about this is exactly where you want to accumulate a long position. Think so why would you want to put a stop loss there. Same way you were here. So now I'm
152 00:29:08,099 --> 00:29:23,039 going to sit back and watch this thing roll up. See the delivery on the s&p very quickly running up into this inefficiency here and I don't want to see this act
153 00:29:23,039 --> 00:29:34,379 as resistance. I want to see it perform a function much like you would expect classic support which would be resistance broken turn support, I want to see
154 00:29:34,379 --> 00:29:47,909 something to that effect. We have a volume imbalance in here that price could draw up into which it just does now here, this dotted line here or dashed line.
155 00:29:48,149 --> 00:30:01,349 If you watch that. See we just did trade down into the fear of a gap there. So we want to see it. Re accumulate in that area and send price up into here. But
156 00:30:01,349 --> 00:30:15,119 this dotted line or dash line, I talked about what that is in the live stream on Friday. So just go back and watch that. I took it off my YouTube channel, but
157 00:30:15,149 --> 00:30:29,039 there's a fella on Twitter to upload it. That's me adding more because I'm buying five more on this volume imbalance right there. Which I'm highlighting
158 00:30:29,039 --> 00:30:39,389 for you now. This is a nice long here on NASDAQ. So if I hadn't had any trades on at all, I would be wanting to go long here on NASDAQ. And if I wasn't trading
159 00:30:39,389 --> 00:30:47,129 the s&p and you're probably saying, Okay, I should see why did you trade the s&p and not the NASDAQ? That's the question I need you to answer. Like, I need you
160 00:30:47,129 --> 00:30:57,089 to answer that is because the s&p failed to make a lower low like the NASDAQ did. So this was a relatively stronger one. Look at the volume of balance. Look
161 00:30:57,089 --> 00:31:05,819 at that. And that is beautiful, isn't it? When you're on one side, and you understand the narrative, it's beautiful, absolutely beautiful. Look at the
162 00:31:05,819 --> 00:31:15,269 bodies respecting the high end of that fair value gap. But we're accumulating new Long's in here to a discount PD array just outside of it, which is this
163 00:31:15,299 --> 00:31:18,329 volume and balance there. It's also bullish order block.
164 00:31:24,240 --> 00:31:27,810 Look at the run on NASDAQ handsomely now.
165 00:31:34,980 --> 00:31:44,310 Watching the consequent encouragement of this wick halfway ignore just gotta go above this candle right there. Now, you can roll the stopper.
166 00:31:49,319 --> 00:31:57,359 I'm contemplating doing market their best at now let me just do a limit order on 18. It'll keep too long. And then I'll roll the stop up like I did there. Notice
167 00:31:57,359 --> 00:32:07,649 what I did, I waited for it to get above the threshold here that sets the stage for all of this. So you watched my limit order get hit there, NASDAQ's rolling
168 00:32:07,649 --> 00:32:15,149 through. And now, because I don't care. And I have other things I want to do about stop loss here. If it runs down hits the stop loss, I'm done. I don't
169 00:32:15,149 --> 00:32:29,699 care. If it were to keep going wonderful. I'll check it at three o'clock. But as you'll see, the market does in fact, come back down in hits that. So as a lot of
170 00:32:30,659 --> 00:32:42,449 management of expectations, looking at specific PD arrays, and looking at where price should rebalance. Okay, so we got stopped out there. And I'm showing you
171 00:32:42,449 --> 00:32:59,969 the executions or magnify it. And that is the business. So you can see the short, this opening price on this down close candle. When it was trading out
172 00:32:59,969 --> 00:33:10,409 here, I didn't want to see any respect of that. It started showing respect of it. I was like, Okay, I'm offside, reverse attention goes to here. And I
173 00:33:10,409 --> 00:33:19,529 facetiously actually, and it gets on some of your nerves. Oh, you're so arrogant. I see. I just I just blocked a guy sending a message on my YouTube
174 00:33:19,529 --> 00:33:31,079 comments, saying that I have such a condescending tone. And I should just teach for the purpose of teaching I am. But I'm also responding to a lot of argument
175 00:33:31,079 --> 00:33:37,409 of the people that have no idea they're talking about. They'll say that I don't have a trade that I don't trade with real money and they're on you see it on
176 00:33:37,439 --> 00:33:47,069 Twitter. Okay, I'm doing it there. So sometimes when I'm talking, and I'm being what many of you think is arrogance, it's just me confidently responding and
177 00:33:47,069 --> 00:33:55,229 neutering the young pups out there that think they know what they're talking about, or they think they know what I'm doing. You don't. And if you can do
178 00:33:55,229 --> 00:34:04,529 better, make your YouTube videos show you doing it. I'll watch it. And if you're good, other people recognize it. But I will give a stage for people to do that
179 00:34:04,529 --> 00:34:15,509 in the comment section. And if you're here to learn, just just learn filter if something doesn't jive with you, okay, if it makes you uncomfortable, because I
180 00:34:15,569 --> 00:34:24,779 talk a specific way or talk about things that may feel like it's outside the scope of the learning, you have to understand you're not my only student. So
181 00:34:24,779 --> 00:34:34,559 there's a lot of people out there, they're taking the things that other people say about me because they are too new as a student with me. And they think oh,
182 00:34:34,559 --> 00:34:44,279 this person may know more about this guy, ICT than I do. Let me just take their opinion and apply it to myself without doing any due diligence and find out if
183 00:34:44,279 --> 00:35:00,899 there's any validity to what it is that ICT teaches. So the logic here is undeniable. And I could have done a full Paul one entry. No pyramid thing And
184 00:35:00,899 --> 00:35:09,149 then let it go that his objective. And that's what I'm actually doing at the time we're here I'm telling my son now, think about what we did down here.
185 00:35:10,499 --> 00:35:22,499 That's your entry, you could put your full position on with a really, really small stop loss here and be comfortable with that risk. But as it's going off,
186 00:35:22,499 --> 00:35:35,159 I'm teaching him how to look at every time there's an instance to add a new contract or contracts, building the position up. And then over here, going long
187 00:35:35,159 --> 00:35:45,389 again, inside the inverted pyramid, again, look at the bodies. All on this over here. I'm sorry, but we're not supplying to me in folks. Okay. And this is not a
188 00:35:45,389 --> 00:35:58,979 frickin flip zoom. You guys are trying so hard to find some other way to explain what it is I'm doing. Sorry, you're not gonna have it. Okay. Before Sam, Sidon
189 00:35:58,979 --> 00:36:08,369 was ever a thing and supply and demand was a thing. I was already out here doing this, teaching other people. So I apologize. If that offends you. I'm sorry if
190 00:36:08,369 --> 00:36:18,509 it sounds condescending, or arrogant. But that's simply the fact jack. So anyway, this is something that you can learn how to do. And when I have all
191 00:36:18,509 --> 00:36:26,759 these rectangles on here, it's to show you how like a mountain climber, okay, you ever watch a mountain climbers, lots of videos on YouTube, look at it, look
192 00:36:26,759 --> 00:36:37,319 them up. There isn't one any one particular way that comes to mind off top my head. But when you watch a free climber, that means he has no ropes, just chalk
193 00:36:37,319 --> 00:36:51,419 bag, and their grip. And that's it. Balls of Steel, almost suicidal, in my opinion. I don't know why anybody would want to do this stuff. But hey, it is
194 00:36:51,419 --> 00:37:05,219 what it is, right? But when I look at the market wanting to go higher, okay, when I'm looking at how price may want to ascend, think about this low down
195 00:37:05,219 --> 00:37:21,269 here. As the, the ground level in this is the the highest point of a cliff or a mountainside or a face of a wall that needs to be climbed. Well, you're a
196 00:37:21,269 --> 00:37:29,489 mountain climber, and you work your way up here. And then you have to take a different route, sometimes you gotta go down before you go up. So that's what's
197 00:37:29,489 --> 00:37:41,189 happening here, the markets going down picking up more opportunity to put a foothold on the surface of this mountain rock this high, down to that low
198 00:37:41,369 --> 00:37:53,249 looking where the other footholds exist. And you have to map that out. See, I'm not looking at price right here, every little individual candle. And if you're a
199 00:37:53,249 --> 00:38:04,709 live streamer, and you're you're zoomed in, and you only have like six candles on the screen and your zones, so zoomed in, you're missing so much detail inside
200 00:38:04,709 --> 00:38:12,719 of the fractal itself, that lends so well to understanding what you should be doing, why you shouldn't be freaking out or afraid that you're gonna get stopped
201 00:38:12,719 --> 00:38:24,449 out or running your stop loss up too quickly. That's what my son wants to do. He wants to have a very few number of candlesticks because the more candlesticks
202 00:38:24,449 --> 00:38:32,159 makes him question, well, why not this one? And why not that one? Well, it's because you don't know anything yet. And you have to give yourself time to see
203 00:38:32,159 --> 00:38:43,619 how the market will refer to these old price levels. Look at the inefficiency here. There isn't one in here. And once you get above this high look to the
204 00:38:43,619 --> 00:38:53,159 left, where's the inefficiencies at it's just this one. So you have to take that extend it through price. Why? Because the market created the inefficiency here
205 00:38:53,189 --> 00:39:02,039 it act as resistance. So it respected then eventually it was repriced, at work the body close on this candle at the high of it right there. So that's a
206 00:39:02,039 --> 00:39:11,399 signature that's an algorithmic signature that I've codified me, the guy that you're listening to I did that. Okay, I don't know how else to blink many
207 00:39:11,399 --> 00:39:22,469 plainer than that. When the market comes back up to it here and passes through and leaves it now this becomes a balanced price range. We do not expect it to go
208 00:39:22,469 --> 00:39:34,919 through it and go training lower. We don't expect that at all. You see the Sixers have it here. Please find that in retail. Find that in Wycoff. Find that
209 00:39:34,919 --> 00:39:44,699 in supply and demand. Find that level of precision in anything else out there. It is not there, folks. It's not. But it's here now. I'm the embodiment of it.
210 00:39:45,869 --> 00:40:01,259 I'm the voice behind it. You're seeing it, you're understanding it and you're inside of the learning environment of its author. The market clears this Candle
211 00:40:01,259 --> 00:40:17,039 here. This is a bullish order block. Small little fear of a gap there. If the narrative is bullish that qualifies this is a valid bullish order block. Yeah,
212 00:40:17,699 --> 00:40:29,999 you have to have a narrative because a down close candle otherwise is just a down closed candle. Volume and balance. Look out respects that, folks, that is
213 00:40:29,999 --> 00:40:43,139 perfect. That's perfect. Steve Nielsen will never teach you that. Okay. There's no other educator out there. Game, not happening. Hirst's ain't happening.
214 00:40:44,999 --> 00:40:53,699 Nothing. John Murphy got nothing like that in his book about this new market wizard and any Jack Swagger its books know anything about this. And this is the
215 00:40:53,699 --> 00:41:07,589 God's honest truth. I'm sorry. If that upsets you and it gets your team mentality, all in a disarray. But it's the truth. And if you want to fight it,
216 00:41:08,219 --> 00:41:22,019 and resist it, you do it at your own peril. You're deferring new understanding, with truth. And you can't wrestle with truth and become victorious. You can only
217 00:41:22,679 --> 00:41:35,819 deny the inevitable for the near term, because eventually, it grinds you down. And you can't escape it. I've had so many people come as a troll.
218 00:41:37,110 --> 00:41:47,640 And eventually, just listen to me. Go in and see if it isn't really there. If it's not there, you'll see that it's not there. But if it is there. Whew. That's
219 00:41:47,640 --> 00:41:59,520 a big jagged pill, you got to swallow with it. And for the people that have character. They have done that. And I haven't slept around to see you idiot. No.
220 00:42:01,170 --> 00:42:11,910 I just encouraged and well done. You didn't just take something at face value that other people say in that did do due diligence is required to see that this
221 00:42:11,940 --> 00:42:19,620 is in fact, the truth of what makes these markets go up and down. They're scripted, folks. They're absolutely scripted. And when you understand the source
222 00:42:19,620 --> 00:42:31,650 code, hint, hint, nudge nudge. You can read them. Just like a book that you read so many times. You know, the character you know the plot, you know the outcome,
223 00:42:31,650 --> 00:42:46,410 you know, everything they're going to say verbatim and to the onlookers, to a lay audience, it looks like wizardry. It looks like fraud. It looks like you're
224 00:42:46,410 --> 00:43:02,190 using a rented MT four server. Well, we're not using MT four at all we know in that power. That insight that visibility is the closest thing I can put you in
225 00:43:02,190 --> 00:43:13,500 terms of time travel. So if we found something insightful on this, if not anything else encouraging and I'll talk to you next time. Be safe