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Last modified by Drunk Monkey on 2023-09-19 12:17
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1 == Outline ==
2
3 ##00:00 -## Stock market trends and analysis.
4
5 - Trader discusses NASDAQ commissions and trading activity.
6
7 ##01:39 -## Trading strategies in volatile markets.
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9 - ICT delays trading due to son visit, waits for Wednesday announcement.
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11 ##03:35 -## Market structure and trading opportunities.
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13 - Trader identifies three opportunities to short the market after a gap is created.
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15 ##05:09 -## Technical analysis and market trends.
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17 - ICT identifies a potential double bottom pattern in the market, with a target of 15,003 87 and a half.
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19 ##06:24 -## Market uncertainty and potential price action.
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21 - ICT: Expect consolidation in a market with no advantages, cleaner price action on Thursday and Friday.
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23 == Transcription ==
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25 (% class="hover min" %)
26 |1 |00:00:00,000 ~-~-> 00:00:13,050 |ICT: Good evening folks, this is a quick review. And this is what my results were for today. So 3744 commissions, you see it's a live account.
27 |2 |00:00:19,199 ~-~-> 00:00:30,779 |And I started off today, I only did work with NASDAQ. But you can see here we had just a consolidation day taking both sides at a range. And then working back
28 |3 |00:00:30,779 ~-~-> 00:00:41,729 |into the middle for ES, but I worked with NASDAQ. So we'll look at that. And you're gonna hear my puppy snoring. So I'm afraid to wake her up because I won't
29 |4 |00:00:41,729 ~-~-> 00:00:50,999 |be able to finish the video because she's been napping for a little while. So just have to put up with that now I apologize. So I submitted, I sent a tweet
30 |5 |00:00:50,999 ~-~-> 00:01:00,419 |today, the 30 minute chart right in here, you can see material up into that. And here's the buyside liquidity. And you can see it trading right up into that
31 |6 |00:01:00,419 ~-~-> 00:01:08,609 |level. Right, I mentioned that and taking up the buy side. And employment rate back down into the woman and consequent encroachment of this spot, I bounce
32 |7 |00:01:08,609 ~-~-> 00:01:20,129 |outside efficiency, which we'll look at when it's referring to here snoring. That's the little fallen colored puppy. She's scalping away. And this is the
33 |8 |00:01:20,129 ~-~-> 00:01:31,769 |opening range. Okay, so we'll look at that, on a shared this on a 30 minute charts. Let me show that actually there. So here's the 30 minute chart. Trade up
34 |9 |00:01:31,769 ~-~-> 00:01:39,539 |into that tweet, all this is the buy side, let me pull right back down into the range. So let's go into a one minute chart get right to it. I don't want to
35 |10 |00:01:39,539 ~-~-> 00:01:49,589 |spend too much time tonight. I'm actually tired, and I got delayed with my son visiting. I don't want to do too much rambling on tonight. This week, we have a
36 |11 |00:01:49,589 ~-~-> 00:01:58,679 |great announcement Wednesday, in the afternoon 2pm. Just be mindful that the market will likely be a little fickle, meaning that it's not going to be as
37 |12 |00:01:58,709 ~-~-> 00:02:09,569 |precise not as symmetrical, meaning that both the ES and the Nasdaq usually move in concert and they move together. We're not seeing that so much right now. And
38 |13 |00:02:09,569 ~-~-> 00:02:18,569 |it makes trading a lot more harder than it can be if you wait for symmetrical markets. Now. We will see that on Thursday and Friday. So try not to worry too
39 |14 |00:02:18,569 ~-~-> 00:02:28,439 |much to keep your powder dry, you're gonna be trading keep it real, I was doing a lot of light try trading today. I initially started day wanting to be short.
40 |15 |00:02:28,919 ~-~-> 00:02:39,959 |And this is NASDAQ here. And I wanted to use this small little gap right here. As it traded up into there, I wanted to be short. And it started off where it
41 |16 |00:02:39,959 ~-~-> 00:02:48,719 |was moving in my favor. And I wanted to see if they got this low. And I tweeted my interest was 15,003 12 18,300. I wanted to see if it can find its way down
42 |17 |00:02:48,719 ~-~-> 00:02:58,679 |there. And it was unwilling to do so immediately came back started running against me, my stop loss order on the short did not get hit, it stopped me out
43 |18 |00:02:58,679 ~-~-> 00:03:08,879 |of the trade based on its movement, there was a lot more impressive than I want to see it do. So what I did was is I closed the position and use the stop loss
44 |19 |00:03:08,879 ~-~-> 00:03:21,719 |order as my entry. So where I wanted to take a stop loss and exit at I use that same level as an entry to get long, so I was buying momentum. There are
45 |20 |00:03:21,719 ~-~-> 00:03:30,449 |instances where I will do that. It's only when I'm absolutely offside. And I know that I'm going to be either ran over or the move is going to be much more
46 |21 |00:03:31,109 ~-~-> 00:03:40,709 |pronounced to the opposite direction. And as you can see, we see that actually happening here. So I had a $1,700 loss that was immediately mitigated by having
47 |22 |00:03:40,709 ~-~-> 00:03:51,929 |a reversal. And while it looks like I had a $3,760 winning day I shared earlier in the day where it's like 20 something 2000 something dollars what it used to
48 |23 |00:03:51,929 ~-~-> 00:04:02,009 |be look at the screenshot or whatever it was I shared on Twitter and then later on the head another trade where I walk you through it all but the bottom outside
49 |24 |00:04:02,009 ~-~-> 00:04:11,609 |inefficiency here I mentioned that trade up into the buy side I mentioned keep your eye on this fair value gap and then right in here, it dropped down to
50 |25 |00:04:11,609 ~-~-> 00:04:22,079 |consequent encroachment on this by site analysis on efficiency and inside this button unbalance also on efficiency so it was in a discount the market rallies
51 |26 |00:04:22,079 ~-~-> 00:04:32,189 |back up Lee's relatively equal highs here but then there's a shift in market structure right there and right there. So we have a fair value got their extend
52 |27 |00:04:32,189 ~-~-> 00:04:46,409 |the very gap here at the 939 level I tweeted this as well. And I was interested in how we treated there but then we had this form so with the model 2220 20
53 |28 |00:04:46,409 ~-~-> 00:04:56,759 |rather that's the the actual trading model taught in 2020 on my YouTube channel. So it's a shift in market structure after TAKEN BY SIDE trader and up into the
54 |29 |00:04:56,759 ~-~-> 00:05:03,869 |fear of a gap right there beautiful give you three opportunities to get short The market broke aggressively lower trade back up into a bearish order block,
55 |30 |00:05:04,529 ~-~-> 00:05:11,909 |move lower I walked you through where a stop loss would have been managed throughout the entire process. I mentioned right here as we get below this low
56 |31 |00:05:11,909 ~-~-> 00:05:22,679 |here take a partial. And we wanted to see it trade down into obviously lower targets in this but I didn't get an opportunity to get my tweet typed out to do
57 |32 |00:05:22,679 ~-~-> 00:05:30,959 |a nother partial rate below here, rate below these relative equal lows to hit that. And I'm really sorry, only higher. The last line of defense I had here,
58 |33 |00:05:30,959 ~-~-> 00:05:40,169 |which was the 15,003 87 and a half level, which is consequently, of these two blue lines, which is this imbalance is big candle here. It's framed by this
59 |34 |00:05:40,169 ~-~-> 00:05:49,889 |candles low. And this candles high and you guys know what that is? That low. When that candle comes to that very level to the tick. It's 15,003 87 and a half
60 |35 |00:05:49,889 ~-~-> 00:05:57,329 |is the low and you'll see that right up here. See this figure right here? Look at this candles low right there. There it is 15,000 or 87 and a half books
61 |36 |00:05:57,329 ~-~-> 00:06:04,859 |that's perfect. That's algorithmic that's not made up. It's not contrived. It's exactly how I teach you the market is going to book the rally rallies back up
62 |37 |00:06:04,859 ~-~-> 00:06:14,669 |there also it's a sensitive this candles high that candles low halfway point of that, too. So there's a double double edged sword there for Confluence in the
63 |38 |00:06:14,669 ~-~-> 00:06:22,469 |market doesn't match start to rally again. And I wasn't in the market here. I wasn't watching anything here but they'd run up take relatively equal highs and
64 |39 |00:06:22,469 ~-~-> 00:06:30,929 |try to back up into that 30 minute. Okay, right, you got into consequent curtailment of that gap as well. worked around that level. And then finally back
65 |40 |00:06:30,929 ~-~-> 00:06:43,469 |down into that 15,003 87 and a half level for the afternoon going into three o'clock. And basically this chop wood around here going into the close at four.
66 |41 |00:06:44,009 ~-~-> 00:06:54,629 |And then we've seen so far is this consolidation in a market that doesn't have any kind of advantages that we should be worrying about going into tonight. So
67 |42 |00:06:54,959 ~-~-> 00:07:05,249 |keep your powder dry. Expect a lot of fickle price action, it means uncertainty and a lot of frustration. Okay, if you're trying to force a lot of things to
68 |43 |00:07:05,249 ~-~-> 00:07:12,149 |happen right now, before the rate announcement on Wednesday, you're gambling. Don't do that. Don't use maximum leverage. Expect cleaner price, action and
69 |44 |00:07:12,149 ~-~-> 00:07:16,769 |symmetry to return back on Thursday and Friday. And I'll talk to you tomorrow Lord willing, be safe