ICT YT - 2023-09-04 - ICT Mentorship 2023 - Review Of The Interactive Study 090123 NFP NQ Short
Last modified by Drunk Monkey on 2023-09-14 09:51
Outline
00:20 - Intro to the Nasdaq Futures.
- Nasdaq futures contract for september 2023 delivery, left hand side has a weekly chart, and previous week, the low and high.
- Proprietary concept of retracement to 20% of the weekly range.
01:14 - The high of the week.
- Power three on a bullish week is when the high is likely to be formed around the potential high of the week.
- Why 90% of traders lose money in this market.
02:45 - Daily chart of the stock market.
- Bringing in the daily chart. The shaded area here is a sell side unbalanced bias on an efficiency.
- All of these highs here ran right before the stock market opening bell and created a fair vega. The market could trade up to that level on friday.
05:21 - The execution video of the trade.
- We saw speed in the delivery of the price. The low objective for the weekly range retracement is t gifty calling for 15,004 55 and the low is jig neck.
- Live account not paper trading
07:10 - Live fund trading vs. paper trading.
- There is s and p divergence there as well, so he is imitating this is all live, it's not sped up.
- The full pull at means no partials.
Transcription
| 1 | 00:00:20,160 --> 00:00:31,350 | ICT: Welcome back, folks hope you're doing well. So we're looking at the Nasdaq futures contract for September 2023. Delivery. And the left hand side here we |
| 2 | 00:00:31,350 --> 00:00:44,040 | have a weekly chart. And I want to take your attention to this previous week we just closed. This was the low. And this was the high. And I taught on my |
| 3 | 00:00:44,310 --> 00:01:00,390 | proprietary concept, the TGIF setup, it is primarily on the basis of a retracement to 20 to 30% of the weekly range. Now, I have students that have |
| 4 | 00:01:00,390 --> 00:01:13,080 | known this for years way before it made it public on my YouTube channel here. But this has served me well even since the 1998. And you won't see this pattern |
| 5 | 00:01:13,080 --> 00:01:27,150 | anywhere. It's not talked about in any of the books but power three on a bullish week, when we form a high and I'll talk about what the high was likely to be |
| 6 | 00:01:27,660 --> 00:01:40,920 | formed around. But once you have a high formed or would be a tradable high, one that you suspect will be the potential high of the week, then you can anticipate |
| 7 | 00:01:40,950 --> 00:01:53,940 | a run back down into 20 to 30% of the weekly range. Okay, so TGIF, thank God, it's Friday, it's been going up one direction all week, and then the market |
| 8 | 00:01:53,940 --> 00:02:05,010 | comes back off of that and retraces a little bit. And this is to kind of like remove the argument of whether or not the markets are random. Or also to |
| 9 | 00:02:05,010 --> 00:02:16,290 | challenge the idea that supply and demand or selling and buying pressure are the facilitators to what makes price go to where the specific lead trade to and |
| 10 | 00:02:16,290 --> 00:02:24,900 | there's elements of precision on teaching you that aren't just simply going to align like the stars to make them go right to a specific price point and not any |
| 11 | 00:02:24,900 --> 00:02:36,000 | further. Okay, so if you believe this statistics that 90% of traders lose money it's a really hard argument to make the case that these markets are absolutely |
| 12 | 00:02:36,000 --> 00:02:47,820 | random and no one could know for sure what was going to happen but we're here on the right we'll look at that in a moment. Let's bring in the daily chart here. |
| 13 | 00:02:48,330 --> 00:02:57,900 | So on the daily chart this shaded area here is a sell side unbalanced bias on an efficiency on this candles low to this candles high that's the shaded area here. |
| 14 | 00:02:58,410 --> 00:03:08,040 | I measured from this candles high to that candles low midpoint which is consequent encouragement. That's what the CEE stands for. So the market could |
| 15 | 00:03:08,040 --> 00:03:22,950 | trade up to that level on Friday and this level here is this level over here on the one minute chart okay all of these highs here prior to the stock market |
| 16 | 00:03:24,660 --> 00:03:42,270 | opening bell here which is right here all these highs here they ran right before the opening bell market dropped here created a fair Vega we opened trade it up |
| 17 | 00:03:42,690 --> 00:03:53,520 | once more lower and then we took up this low here I liked that one. I wanted to see this low taken out because this area here had bison which is by stops |
| 18 | 00:03:54,840 --> 00:04:02,970 | traders that want to capture a breakout move okay, they might draw trend lines on things and if it breaks above it, they'll think it's going to go higher. I'm |
| 19 | 00:04:02,970 --> 00:04:13,530 | not a fan of that stuff. So I wanted to see it take the buy side first and then run the sell side relatively equal lows here it did that there in the video that |
| 20 | 00:04:13,530 --> 00:04:20,910 | I put up prior to this one on YouTube channel it was interactive study I wanted you to think about what it was I was utilizing to take that trade is the market |
| 21 | 00:04:20,910 --> 00:04:32,790 | trade off into the fear of a gap here I marketed in market breaks down into the spice on unbalanced sauce on an efficiency now this is the part of the video I |
| 22 | 00:04:32,790 --> 00:04:43,080 | understand this is all me talking about something in hindsight. But we're gonna go to a live trade not a demo trade a live trade with real money in a CFTC |
| 23 | 00:04:43,080 --> 00:04:56,130 | regulated broker in the US. And this area here I wanted to see it trade through it, which is right here. I want no respect of this busy busy is from this |
| 24 | 00:04:56,190 --> 00:05:04,530 | candles high tech candles low all of this big rain tire I wanted to see a completely overlap all that and run right on through it down to the south side |
| 25 | 00:05:05,850 --> 00:05:19,890 | to get to the low end of this Daly City and there's the sell side and the low of that shaded area over here on a daily chart and again, this is a one minute |
| 26 | 00:05:19,890 --> 00:05:32,700 | chart here on the right hand side. I felt that we would see speed in the delivery of price and we saw that absolutely deliver here. Ultimately, you can |
| 27 | 00:05:32,700 --> 00:05:50,730 | see the low objective for the weekly range retracement, which is TGIF. Calling for 15,004 55. And the low of Jamia neck 15,004 54. So I went one handle below |
| 28 | 00:05:50,730 --> 00:06:04,650 | it just to trade inside of this pair I got on the form of barter and bounce off center efficiency, trading just below Thursday's low, which I was anticipating |
| 29 | 00:06:04,650 --> 00:06:13,260 | that by specific price level of 15,004 60 and a quarter, which I tweeted beforehand on Friday. And all that is time and date stamped you can see that as |
| 30 | 00:06:13,260 --> 00:06:27,600 | well. So with that, I'm gonna go into the execution video. And we'll jump over that and wrap this up quickly. Alright, so I get a lot of these all up in the |
| 31 | 00:06:27,600 --> 00:06:38,310 | comment section, can you show me something in a real account, not paper trading. Here we go is a live account, you can see that in the lower left hand corner, |
| 32 | 00:06:38,460 --> 00:06:48,960 | the brokerage firm is AMPA futures. I went short as we traded up into that fair value gap that shaded here in pink on the right hand side, I'm going to apply |
| 33 | 00:06:48,960 --> 00:06:58,140 | the stop loss which will be just above the longest wick above the midpoint of that wick, which is consequent encouragement. So I trust that it's not gonna but |
| 34 | 00:06:58,170 --> 00:07:07,500 | go back up there. And now I want to watch it break down with a lot of speed. And I liked the fact that we failed to make a higher high on NASDAQ versus the |
| 35 | 00:07:07,500 --> 00:07:18,840 | higher high that was formed to the left on s&p. So there's s&p Divergence there as well. So I'm imitating this is all live it's not sped up is exactly as it |
| 36 | 00:07:19,050 --> 00:07:21,240 | would have happened if you were watching over my shoulder. |
| 37 | 00:07:26,819 --> 00:07:27,389 | Unknown: And |
| 38 | 00:07:28,199 --> 00:07:40,709 | ICT: a day prior to this Friday, or two days, actually, I did a Twitter space. Stating that I could trust my model would deliver a 15,000 Our trade or not |
| 39 | 00:07:40,709 --> 00:07:51,899 | property or Friday. And someone challenged me on that same wouldn't happen basically. And another guy said he would only be in paper trading. So here I am |
| 40 | 00:07:53,099 --> 00:08:03,899 | anticipating that Vice Annabel sellside efficiency to be completely disrespected and ran through. And I'll show you that area here. |
| 41 | 00:08:09,000 --> 00:08:20,910 | And as a reminder, it would be illegal for me to say that this was live, fund trading real money trading that demo, if it really wasn't. And that's so keyed |
| 42 | 00:08:20,910 --> 00:08:28,830 | up, about getting clout and having to lie about something that I know and my students have seen me do many, many times before. |
| 43 | 00:08:35,399 --> 00:08:44,189 | So watching price, I'm going to see the accelerate through the low end of that shaded area now and just move the stop to better than breakeven. I'm not going |
| 44 | 00:08:44,189 --> 00:08:55,139 | to worry about the stop loss now. And I'm doing this also as a full pull at means no partials for entry for target. And I'm going to watch it trade down |
| 45 | 00:08:55,139 --> 00:09:05,999 | into the sell side liquidity. Now literally, I'm believing it's gonna go lower. But I promised everyone in the tour space that I could have a model, deliver |
| 46 | 00:09:06,479 --> 00:09:15,479 | 15,000 real dollars in a real account, not demo. And you're probably looking at this thinking how's he doing? How's he doing? Well, I've already taught it's in |
| 47 | 00:09:15,479 --> 00:09:28,439 | the model 20.2 playlist and combine that with the TGIF video. If you study those over the weekend going into next week, you'll see exactly what I use here was |
| 48 | 00:09:28,439 --> 00:09:44,969 | already taught to you for free. Get ready to close it as it trades below it. And that's what 15,400 hours looks like a live account using what I taught for free |
| 49 | 00:09:44,999 --> 00:09:45,899 | on this YouTube channel. |