ICT YT - 2023-10-08 - ICT Mentorship 2023 - Market Review October 07 2023
Last modified by Drunk Monkey on 2023-10-16 19:19
Outline
00:05 - Market trends and potential retracement.
- ICT discusses the recent events in Israel and Gaza, predicting increased tensions and market impacts.
- ICT highlights the importance of staying informed about economic calendar events and high-impact news drivers, including Fed chair speakers.
- ICT highlights key levels for liquidity, including 590 and 4, before rejecting Non Farm Payroll numbers.
05:18 - Market analysis and potential price movements.
- Analyst anticipates lower prices after recent gap, eyes potential inversion point.
- ICT highlights key levels to watch for potential reversals in the dollar index, euro, pound dollar, Aussie dollar, ES, and NASDAQ.
- ICT emphasizes the importance of taking out highs to confirm a potential bottom, and avoiding attempts to pick tops and bottoms.
10:26 - Forex market analysis and trading strategies.
- ICT emphasizes the importance of avoiding the idea of picking a bottom or top in the forex market, focusing instead on longer-term trends.
- The Euro and POUND DOLLAR are potential buy targets, with the Dollar Index expected to have a retracement after a recent weekly down close.
- Analyst predicts lower prices for Australian Dollar, with potential target of $0.60.
16:01 - Market analysis and potential price movements.
- ICT: Focus on lower prices, avoid short-term retracement.
- ICT expects a gap opening on Sunday due to geopolitical events, potentially leading to a large move in the market.
- ICT previously predicted a drop at 8:30 AM, which could be a fake move, and the market may reverse its direction.
21:53 - Market structure and potential price movements.
- Analyst identifies market structure shift and potential trading opportunities in S&P and silver.
- ICT expects a big gap opening in one extreme or the other above or below in all markets next week, with a volatile week ahead.
- ICT wants to see a retrace lower on dollar, sell the idea to retail traders, and then send it lower aggressively next week in forex pairs, NASDAQ, gold, and Dollar Index.
27:28 - Trading strategies and market analysis.
- ICT expects a trade down into an inefficiency area, followed by a rally to the previous day's settlement price.
- ICT believes the recent price action in NASDAQ was engineered to upset short sellers and knock them out, with the potential for a lower delivery in price.
- ICT is bearish on NASDAQ but still taking intraday scalps as smart money for shorts, with the possibility of a higher price action if the inefficiency is traded above.
32:49 - Technical analysis of a stock with a focus on gaps and liquidity.
- Analyst expects a potential drop in the market despite recent gains.
- ICT highlights a liquidity void on the hourly chart, where there was no trading between two price points, indicating a potential bounce price range.
- ICT expects the market to deliver price through this range, with potential for a run in either direction after the bounce price range is established.
38:37 - Market inefficiencies and trading opportunities.
- The speaker identifies a liquidity void on the hourly chart, which is a range where there is absolutely zero trading.
- The speaker analyzes a gap in the sell side delivery and notes that it has been offered, indicating a potential buying opportunity.
- ICT highlights a down close candle on a five-minute chart, indicating potential acceleration of volatility ahead of next week's economic calendar.
- ICT also notes an up close candle on a one-minute chart, indicating a fear of a gap in the market.
44:41 - Market inefficiencies and trading strategies.
- Trader identifies inefficiency in market and trades accordingly.
- ICT explains two-stage delivery in Non Farm Payroll, using sentiment shift to trap short-sellers.
49:15 - Trading strategies and market analysis.
- ICT is looking for a gap closure in the Thursday settlement price gap, targeting a limit exit below the opening range gap high.
- ICT aims to trade in the fair value gap next week, looking for downside delivery.
- ICT explains the importance of understanding market movements and providing examples of his techniques in action.
- He highlights the value of his repertoire of entries and the level of detail he provides in his teachings.
- Ict placed a limit order to sell at 56.25, hoping to exit the trade before it reached the opening range gap high.
- Ict believes the trade will have shockwave effects in the markets due to events in the Middle East, which will be discussed next week.
Transcription
| 1 | 00:00:05 --> 00:00:16 | ICT: Good morning, folks. Right so I'm trying to get through this really quickly. Some things have occurred while I was asleep last night. I want to look |
| 2 | 00:00:16 --> 00:00:31 | into concerning the Middle Eastern Israel whatnot. The dollar index. Here on the weekly chart, we hit our objective, the first objective, which was this candles, |
| 3 | 00:00:32 --> 00:00:45 | high on the weekly chart. So that high comes in at one to seven point 27 Four. And the week that we just closed, its highs one Oh 7.348. So just above it |
| 4 | 00:00:46 --> 00:01:00 | reaching into this imbalance. Now, having the retracement like we saw in the lower clothes, that to me, is perfectly acceptable. And we've had |
| 5 | 00:01:00 --> 00:01:19 | 1-234-567-8910 1112 weeks of buyside delivery. That's like three months of steady one way direction to a premium level. And it's reasonable to anticipate |
| 6 | 00:01:20 --> 00:01:33 | something of a retracement. And I'm not trying to pick a top in the dollar, as I mentioned many times before. Incidentally, you might want to take a look at the |
| 7 | 00:01:33 --> 00:01:41 | economic calendar, I'm not going to show it here. It's something that you should be looking to do on your own anyway, day by day and for the week to come always |
| 8 | 00:01:41 --> 00:01:53 | on the weekend, just to get a feel for what it's potentially offering in terms of online risk of high impact news drivers or medium impact news drivers or Fed |
| 9 | 00:01:53 --> 00:02:07 | chair, Speaker something to that effect. And there's a lot of that next week. So next week's trading will be laced with a lot of volatility. Monday is a holiday. |
| 10 | 00:02:07 --> 00:02:20 | So we're gonna have a pretty wild week to come in with all the things that just popped off with the violence over in Gaza in Israel, that's going to increase |
| 11 | 00:02:20 --> 00:02:31 | tensions as well. So I know it sounds silly that you there's two sides always have an issue with one another. I do believe we're going to see something |
| 12 | 00:02:31 --> 00:02:44 | significant arise from all this. So for the folks that have been watching or listening to the Twitter space that did over a year ago, I told you about in 18 |
| 13 | 00:02:44 --> 00:02:54 | months from then we'd start seeing some stuff going on. We're at it now. Okay? So it used to be need to be paying attention to it's gonna have its |
| 14 | 00:02:54 --> 00:03:01 | reverberations in the marketplace, it's gonna have reverberations where you live, even like on the west side of the world, that stuff's going to start |
| 15 | 00:03:01 --> 00:03:12 | happening and impacting your everyday life. So, daily chart, you can see we went right up into that inefficiency right above the high that we were looking for, |
| 16 | 00:03:13 --> 00:03:27 | not the high but the low of the inefficiency. That's what's being highlighted here. And there was buyside still I have an interest in we rallied up Friday we |
| 17 | 00:03:27 --> 00:03:44 | went right up into small little gap in here to this candles low this candles high nonfarm payrolls sent it up and then rejected it. Consequent encroachment |
| 18 | 00:03:44 --> 00:04:03 | of this wick will highlight that. So one of the 590 and four if that's, that's a, that's a level of watch, see if there's any kind of reaction off of that. |
| 19 | 00:04:04 --> 00:04:06 | Otherwise, we could return back down into |
| 20 | 00:04:11 --> 00:04:20 | this daily gap, okay, so I'm gonna leave these levels here as they are, are dropped down into an hourly chart, you can see the effects of Non Farm Payroll, |
| 21 | 00:04:21 --> 00:04:32 | I did a quiet, not intentionally live stream the other day, and I talked for like an hour, thinking that the audio was good talk the chance of assuming that |
| 22 | 00:04:32 --> 00:04:42 | it was in like Murphy's Law, whatever can go wrong, David. And I've done that in the past with recordings and you pre recorded videos. And some of them were |
| 23 | 00:04:42 --> 00:04:50 | rather long and discovered after the fact that the microphone was on mute or wasn't connected or had an issue and didn't pick up any the audio. So a little |
| 24 | 00:04:50 --> 00:05:01 | bit of a annoyance, but I drew out key levels for liquidity. I mentioned this one in here. And I mentioned this one here, grab your bike. graphically |
| 25 | 00:05:01 --> 00:05:07 | depicting it on the chart, even though I wasn't saying audibly, if you're a student of mine, you know exactly what I'm drawing your attention to the |
| 26 | 00:05:07 --> 00:05:22 | liquidity above and below. And we went right for it again, here on Non Farm Payroll numbers, and then rejected it. So they pumped it up. During the 830, |
| 27 | 00:05:22 --> 00:05:34 | even though it's showing eight o'clock, it's at ally candle. So it's including the post NFP number release at 8:30am. And then quickly sent that lower |
| 28 | 00:05:34 --> 00:05:51 | attacking the sell side here. So here's that consequent quotient of that daily wick, one Oh, 5.904. And the daily fear I got there. And I mentioned how, when |
| 29 | 00:05:51 --> 00:06:07 | we were up in here, just be mindful of this order block in here in that gap. So ahead of the Non Farm Payroll, we were working in IT tricked them into they were |
| 30 | 00:06:07 --> 00:06:21 | a buck a little bit more than sent it up into by side and then rejected, add something to the sell side here. Going into next week, you want to have this |
| 31 | 00:06:21 --> 00:06:36 | level here, this shaded area, I'm going to look at that as a potential inversion fair by going forward. So it can come back up, trade into the breaker which is |
| 32 | 00:06:36 --> 00:06:48 | high, low, high or high. It took liquidity, this down closed candle that is your breaker. And it is inside of the lower end and lower quadrant of this old |
| 33 | 00:06:48 --> 00:06:56 | inefficiency. Now because we went through it, it's reasonable to anticipate lower prices initially going into next week. So if we see a trade up into that, |
| 34 | 00:06:57 --> 00:07:05 | that might be a catalyst to send this lower if we don't take this low first. I like the idea of coming back up in hitting the breaker touching this inversion |
| 35 | 00:07:05 --> 00:07:13 | fair value gap. And then trading lower for the sell side. Worst case scenario we opened when it gapped lower and never returned back into this area here which |
| 36 | 00:07:13 --> 00:07:25 | is, you know, potential, you never know where we're going to open up on Sunday. Now, because of all the militaristic things that are going on over in the Middle |
| 37 | 00:07:25 --> 00:07:34 | East, those types of things caused a lot of concern. And they'd like to use those things to stimulate the marketplace. So the movement and see it an extreme |
| 38 | 00:07:34 --> 00:07:44 | gap opening on Sunday as a result. So what's taking place last night, and what obviously will be going on for the remainder the weekend going into next week. |
| 39 | 00:07:48 --> 00:08:02 | Let's go into the daily chart once more breeze on through to Euro. I don't want to spend too much time this morning. So we had the relative equal loads we |
| 40 | 00:08:02 --> 00:08:11 | mentioned that we traded down into it. My targets as I mentioned earlier in the week, I was done like everything was meant everything I outlined was was |
| 41 | 00:08:11 --> 00:08:26 | delivered in price for the dollar index, the euro, the POUND DOLLAR, Aussie dollar, ES and NASDAQ. So everything I mentioned with the exception of gold gold |
| 42 | 00:08:26 --> 00:08:39 | didn't quite get down to that 1804 level yet. So that was the only thing that didn't really deliver thus far but POUND DOLLAR we saw I'm sorry Euro dollar, we |
| 43 | 00:08:39 --> 00:08:51 | saw it delivered below the sell side and came back up to watch this gap and here once more and then the order block right there. So these these are the PD arrays |
| 44 | 00:08:51 --> 00:09:08 | I'm watching it's perfectly acceptable for it to retrace back up to here and still not really have anything in terms of a confirmed reversal. It's really |
| 45 | 00:09:08 --> 00:09:15 | important that you understand that I try to avoid and what I'm highlighting here is the order block opening in the low these two consecutive close candles as |
| 46 | 00:09:15 --> 00:09:27 | your bearish order block which is about this gap in this short term high right there on a candle is bison. So those are the three PD Raisa module. We've |
| 47 | 00:09:27 --> 00:09:39 | already traded back to consequent portrait of this wick here. So this is kind of like the line in the sand. If we get above that and start to expand or |
| 48 | 00:09:40 --> 00:09:53 | accelerate in terms of speed, then it might be much more deeper retracement required. In that case we may have to revisit this. Okay, so if I were to be |
| 49 | 00:09:53 --> 00:10:02 | held to tell me right now what makes you confident that we probably made an important law over the rest of the year, and it goes higher from where we're at, |
| 50 | 00:10:03 --> 00:10:12 | it needs to take out this high. And then once it goes above this inefficiency, should it ever do it this year, or the remainder of this year in 2023, we hit it |
| 51 | 00:10:12 --> 00:10:23 | an act of support, once it starts going to, then and only then when I'd qualify that as a low of any real significance, I tried to teach the avoidance of trying |
| 52 | 00:10:23 --> 00:10:33 | to pick tops and bottoms. Because it's a skill set that you're not going to be consistent with, no one's going to be that consistent with it. And I'll just |
| 53 | 00:10:33 --> 00:10:42 | leave it at that. Okay. So it's not important that you try to get that type of turning point, if you want to trade in a direction of order flow, which removes |
| 54 | 00:10:42 --> 00:10:58 | a lot of the concern for being perfect. Alright, so here is the business on the hourly chart on Euro. You can see we traded down took up sell side here, and |
| 55 | 00:10:58 --> 00:11:06 | went right down to that old low feeling here in here, the old level in the daily chart, that's what we were looking to see it sweet below. That's what that level |
| 56 | 00:11:06 --> 00:11:17 | is. It's a beautifully, it runs back above. So there's buyside here. So just be mindful that that might be what we probably gap above, you know, I wouldn't be |
| 57 | 00:11:17 --> 00:11:29 | surprised if we end up gapping above or getting close to this and then run a little bit higher on Sunday. daily charts, go back up to that timeframe and look |
| 58 | 00:11:29 --> 00:11:42 | at the POUND DOLLAR. Right, so pounded again, what we're looking for we're looking for lower prices. It's acted much like the NASDAQ in relationship to the |
| 59 | 00:11:42 --> 00:11:54 | ES. Whereas POUND DOLLAR was a little reluctant to go lower in sympathy with the Eurodollar with the run to our premium target on the dollar index, that daily |
| 60 | 00:11:54 --> 00:12:07 | inefficiency, where we trade to it this week, and then we've been selling off since then. The wick and consequence of that, you know, we have to watch this, |
| 61 | 00:12:07 --> 00:12:20 | this is going to be going into or reopen next week. And we could revisit that into shorter timeframe. Premium arrays, again, avoiding the entire idea of |
| 62 | 00:12:20 --> 00:12:34 | picking the bottom. I'm not trying to support the idea of anyone doing it and I don't try to do that myself. So longer term, I'm still focusing here. And here |
| 63 | 00:12:34 --> 00:12:44 | for three months straight Dollar Index going up. Having one weekly down close doesn't change the trend for me. So it's going to have a retracement then it's |
| 64 | 00:12:44 --> 00:12:54 | going to be seen in conversely with other forex pairs. So they're going to have a little bit of a retrace as well. But avoid the whole idea of trying to pick a |
| 65 | 00:12:54 --> 00:13:09 | top and bottom respectively to those markets. Longer term. I'm still focusing on here for sell side. Let's take a quick look at Aussie dollar. I was looking for |
| 66 | 00:13:09 --> 00:13:20 | the sell side to be upset on that market. And we showed it the other day. And we got it here. So as long as we stay below these, these highs here, I think we're |
| 67 | 00:13:20 --> 00:13:33 | lower across the board for all z. I liked how we went back up in this inefficiency. So have this on your chart. If we resume higher on dollar next |
| 68 | 00:13:33 --> 00:13:47 | week, and we don't really move outside of this inefficiency on the upside we're looking for lower prices on Australian Dollar down to get into this sell side |
| 69 | 00:13:47 --> 00:14:01 | right there. Okay, that kind of gives you an idea if we break above these highs I would not be interested in Aussie dollar at all. So I'd like to see it remain |
| 70 | 00:14:01 --> 00:14:10 | heavy and bearish and eventually reach below here. Otherwise I would not want to be buying going long on the Aussie dollar just interested |
| 71 | 00:14:11 --> 00:14:20 | I'm not trading Forex at all anymore, but I know y'all like to hear my opinion about so that's that gold We'll do that one real quick |
| 72 | 00:14:25 --> 00:14:35 | All right, and as I mentioned in the live streams the recent weeks I said that gold would be looking to trade down into this inefficiency between this candles |
| 73 | 00:14:35 --> 00:14:45 | low this candle is high that's why this is being shaded here. Once we broke through it, it would be act as an inversion fair right you got we opened on this |
| 74 | 00:14:45 --> 00:14:57 | day trade up into it broke lower the order blocks in the sell side was the route of equal lows. That was where I was taking your attention to. This was the very |
| 75 | 00:14:57 --> 00:15:13 | short term target We didn't get that on Friday, Non Farm Payroll came in did its thing and ultimately I still think that this is a viable target let's see where |
| 76 | 00:15:13 --> 00:15:17 | we add this to ES |
| 77 | 00:15:30 --> 00:15:37 | Okay, so as we changed it into our old inefficiency here |
| 78 | 00:15:54 --> 00:16:05 | body stayed inside that we had candlestick tails, or wicks, however you want to refer to. The bodies are telling you that they are too. So if we have a deeper |
| 79 | 00:16:05 --> 00:16:22 | retracement, it's perfectly acceptable for it to come back up into this area here. So my eyes on this inefficiency right there. So it can trade up in that |
| 80 | 00:16:22 --> 00:16:31 | inefficiency. And it's still by my definition hasn't reversed, it would be complete, completely acceptable to get trade up here and then end up trading |
| 81 | 00:16:31 --> 00:16:45 | lower these lows here, just a little too clean for my liking. And over here, so sell side and here. In this low is my focus, longer term, I'm completely willing |
| 82 | 00:16:45 --> 00:17:01 | to be proven wrong. Because on a daily chart, these ideas tend to pay now over a longer period of time, it's a lot more forgiving as well, in terms of a missed |
| 83 | 00:17:01 --> 00:17:11 | move, or if you do something wrong with the analysis. You can get yourself back in sync. And then trade once you get better visibility what the market is likely |
| 84 | 00:17:11 --> 00:17:20 | to do right now. And I'm still holding and subscribe to the idea that nothing has changed to bullish there's absolutely zero reasons for anyone to be bullish |
| 85 | 00:17:20 --> 00:17:28 | on stocks. I mean, there's nothing There's literally nothing for anyone to be at these multiples. If you're gonna talk about things fundamentally, it's absurd. |
| 86 | 00:17:29 --> 00:17:41 | Where these stocks are still trading it it's ridiculous. At some point, you the the chickens are gonna come home to roost. And that means things are going to |
| 87 | 00:17:41 --> 00:17:51 | have to hit reality, and lower prices are in order. So try to avoid all this business in here. I don't think we're done. And lower prices is where I'm |
| 88 | 00:17:51 --> 00:17:59 | focusing. But this short term likelihood of a retracement, it's completely within the realm of possibility. 60 minute chart |
| 89 | 00:18:08 --> 00:18:25 | in here is sellside nonfarm payroll dropped down into that hit the order block here rallied up obvious by side, waiting right here with an inefficiency over |
| 90 | 00:18:25 --> 00:18:34 | here. So you want to have this on your chart going forward into next week. And again, with everything that's going on |
| 91 | 00:18:41 --> 00:18:56 | geopolitically speaking, we could really see an extreme gap opening on Sunday. So it could be either direction. So I'm expecting a lot of difference between |
| 92 | 00:18:56 --> 00:19:06 | where we settled on Friday. And where we open, because it could it could do either one. I tend to think that this was all pumped up ahead of all the |
| 93 | 00:19:06 --> 00:19:21 | economic news drivers that are due out in all the speeches that's going to be had on the trading week that's coming. So just be mindful that this is |
| 94 | 00:19:21 --> 00:19:32 | classically what's seen with non farm payrolls, in my opinion, they take the market in a direction, which many times is like a fake out. Okay, just like I |
| 95 | 00:19:32 --> 00:19:45 | teach that the Non Farm Payroll in the read announcements for FOMC. They are to stage two deliveries, whereas initially, we see the market drop at Non Farm |
| 96 | 00:19:45 --> 00:19:54 | Payroll. So that's the first stage and then the second stage is the reversal of that move. And then you see it happening here. Every single time we sit down and |
| 97 | 00:19:54 --> 00:20:05 | do FOMC analysis or I've done them live streaming, you're watching it happen with you over shoulder It's always the case where it's Tuesday's delivery. And |
| 98 | 00:20:05 --> 00:20:17 | it was just like this again, over Friday, the only thing that was a little bit surprising is they took a whole lot of distance in like, two minutes. In a very, |
| 99 | 00:20:17 --> 00:20:28 | very short time, they covered 175 handles. And that's a wonderful illustration of why you need to be respecting the measure of risk with this particular day |
| 100 | 00:20:28 --> 00:20:44 | because it can harm you and your stop loss won't work. Like it won't work in the first minute. It gapped down AB handles on NASDAQ. So it's it's pretty |
| 101 | 00:20:44 --> 00:20:56 | significant drop in, no one can really tolerate that if they're doing 15 contracts. So that's a, that's a big smack in the face. Gee, ma wife's name out |
| 102 | 00:20:56 --> 00:21:11 | your mouth. So the boss I hear they went, they ran on and aggressively. And I talked about how the market would likely close in this upper 50%, upper 60% of |
| 103 | 00:21:11 --> 00:21:22 | its range. And we got that. So it's all on the live stream. And I'm not trying to try to save face here because everything I said in a live stream, you're |
| 104 | 00:21:22 --> 00:21:32 | welcome to go and listen to it for the Non Farm Payroll live stream we were I was watching it live with you. The things that would be concerning things that |
| 105 | 00:21:32 --> 00:21:43 | would be utilized for reading price, you know, all that stuff is in that license, you can listen to revisit whatever you want to take away from it. The |
| 106 | 00:21:43 --> 00:21:52 | drop again at 830. That was the first stage delivery, it means it's the fake drop, it's the fake move, it's the thing that's most likely going to be faded. |
| 107 | 00:21:53 --> 00:22:06 | In the rest of the day. When we see that happening here a 30 look at the high up here, upper left hand corner that comes in at 4294 Even and the low comes in at |
| 108 | 00:22:06 --> 00:22:23 | 40 to 48 and a quarter it's a significant amount of handles for s&p at 50 hours per point or handle, you know, it does take longer to go into significant |
| 109 | 00:22:23 --> 00:22:38 | drawdown swing high here take that off here. swing high taken here. So there's a shift in market structure that low to that high as it's retracing was it |
| 110 | 00:22:38 --> 00:22:45 | reaching for inefficiency or here in order block the last enclosed candle |
| 111 | 00:23:00 --> 00:23:17 | note the bodies where they reside inside that period you got a looming limit as you can see it better. So you know, we went outside that's a mohawk it's a |
| 112 | 00:23:17 --> 00:23:29 | little tiny coloring outside the lines, it's it's typical. And then we rally up, quarter block touched body both on these candles, signifying that okay, we're |
| 113 | 00:23:29 --> 00:23:41 | probably going to run higher. So where's it going to run? Rebounds all this and go back to the previous day's settlement. So using what I teach in terms of the |
| 114 | 00:23:41 --> 00:23:56 | regular trading hours where we sell the previous day, here on Thursday, it trades right back up into it there. Okay, and may not see it trade above here or |
| 115 | 00:23:56 --> 00:24:00 | here to be profitable. Alright, let's go on to a one minute chart |
| 116 | 00:24:12 --> 00:24:16 | and we'll take a look at the silver bullet |
| 117 | 00:24:30 --> 00:24:39 | the fair value gap dropped down into it. We don't get a shift in market structure until I mean this is technically a shift in market structure above |
| 118 | 00:24:39 --> 00:24:51 | this high right there in the US the higher time frame five minute fair value gap which really could have been refined to inside here. So dropping down lower |
| 119 | 00:24:51 --> 00:25:03 | timeframes. Comments, right you'd have that that would be a little bit concerning for me there. So Again, it would have to show a willingness to want |
| 120 | 00:25:03 --> 00:25:15 | to go higher. And it does that with this swing high being broken there. And the underlying premise would be, this was the first stage delivery. And the second |
| 121 | 00:25:15 --> 00:25:25 | stage would be moving back up. And I mentioned alleging that it might not go above and go higher, it could just go up here rebalance and then consolidate |
| 122 | 00:25:25 --> 00:25:39 | because it's Friday is on the heels of Non Farm Payroll, we've covered a lot of distance. And we had already had a intra week retracement from Dollar targets, |
| 123 | 00:25:40 --> 00:25:51 | as targets. So one of those things were likely to be a callus to cause us to be content with consolidating, but they've taken a great deal higher, which mean to |
| 124 | 00:25:51 --> 00:26:01 | me looking at now, it feels like it's all new fluff there, you're fluffing it up, going into next week, and then next week, major damage is going to be done. |
| 125 | 00:26:02 --> 00:26:11 | And I could be wrong, it could be sending it even higher, aggressively higher in, it's okay. As long as it's moving around, I don't care, I'll find something, |
| 126 | 00:26:11 --> 00:26:20 | I'll get in there and do something. But we want to try to have a good read on it using the daily charts. And it makes things a lot better when it is in concert |
| 127 | 00:26:20 --> 00:26:30 | with what we have expected or expect with the weekly chart. So that's why I'm saying that either ahead of the new week, or I don't know where we're going to |
| 128 | 00:26:30 --> 00:26:41 | open. But I think we're gonna have a big gap opening one extreme or the other above or below in all the markets. But I think we'll have a very volatile week. |
| 129 | 00:26:42 --> 00:26:53 | And I'd like to see, initially I'd like to see it retrace a little bit further lower on dollar, the kind of like, sell the idea that it taught to retail |
| 130 | 00:26:53 --> 00:27:07 | traders. And everybody else go long, still at these elevated levels on es NASDAQ forex pairs, and then in gold. And then they send it lower aggressively next |
| 131 | 00:27:07 --> 00:27:20 | week by next Friday's close, I would like to see lower levels on all the forex pairs, and on es NASDAQ and gold and higher prices on Dollar Index. That's what |
| 132 | 00:27:20 --> 00:27:29 | I'd like to see. But I have to have the alignment with the technicals and what price is doing when it's time to expect it to be delivering. So it's a matter of |
| 133 | 00:27:29 --> 00:27:38 | waiting and seeing. So going into next week, that's what I'm expecting when we see a trade back down into that inefficiency here, and then it starts to really |
| 134 | 00:27:38 --> 00:27:50 | ramp up in that occurs at 1021. Okay, so what you what you don't understand is is this is a silver bullet, because it's using a fair value gap even though the |
| 135 | 00:27:50 --> 00:27:59 | fair value gap is outside and before 10 o'clock, and this is part of the rules go back and listen to the recording. The fair value gap does not need to be |
| 136 | 00:27:59 --> 00:28:16 | inside of 10 to 11. The setup is a retracement into a fair value gap between 10 and 11. So seeing that is the case, and we're seeing it rally up if you didn't |
| 137 | 00:28:16 --> 00:28:20 | take this one in here you can use this one |
| 138 | 00:28:34 --> 00:28:43 | it found its opportunity to drop down into consequent encouragement which is midpoint of that gap here with the expectation that we would see it at least run |
| 139 | 00:28:43 --> 00:28:54 | back to the previous day's settlement by using regular trading hours which right now we're toggled to electronic trading hours so from here to where regular |
| 140 | 00:28:54 --> 00:29:03 | trading hours previous settlement price offered room to rally which will be going above this high and maybe maybe reaching above here if you're so inclined |
| 141 | 00:29:03 --> 00:29:16 | hold that but Silver Bullet we're only looking for five handles and is as a minimum and it offered it here. So an end up keeping you he held on to it and |
| 142 | 00:29:16 --> 00:29:17 | it's it's pretty good run |
| 143 | 00:29:24 --> 00:29:36 | and settling on the close. And here's your silver bullet at the two o'clock hour here that Fairbury got. All right, so let's go up to the daily chart and do this |
| 144 | 00:29:36 --> 00:29:49 | that can be done with this. Right. It's a whole lot of business going on in this one. Alright, so I wanted to see a trade down into this inefficiency. We have |
| 145 | 00:29:50 --> 00:29:57 | returned back into this area right up in here. So I'm going to add this for the sake of this analysis |
| 146 | 00:30:05 --> 00:30:20 | So we traded up into inefficiency there. We are avoiding trying to pick the bottoms. Okay? Again, I feel like this was all part of this consolidation, |
| 147 | 00:30:20 --> 00:30:29 | trailed stop losses were brought down to here, and also getting up in this inefficiency, perfect excuse for them to have run liquidity, or anyone that's |
| 148 | 00:30:29 --> 00:30:41 | been trailing it because I believe that we might be seeing a larger sell off coming. Okay. In this will be classic scenario for that very thing. So we've |
| 149 | 00:30:41 --> 00:30:49 | consolidated. Everyone wants to see it dropped lower, I want to see a drop lower, but it just wouldn't drop. Doesn't mean we couldn't find setups. |
| 150 | 00:30:49 --> 00:30:57 | Obviously, we've outlined it. You saw me executing you saw me doing things with it. And long story short, where we're at by taking the buy side above these |
| 151 | 00:30:57 --> 00:31:08 | highs here. And back into this inefficiency. This upsets anyone that has been short. So now if we are going to see a lower delivery in price on the indices, |
| 152 | 00:31:08 --> 00:31:21 | specifically NASDAQ, I'd like to see it be trading down here. That would be perfect engineering, of sending it higher getting everybody thinking that we're |
| 153 | 00:31:21 --> 00:31:32 | new, we're bullish on we're not I'm not bullish on NASDAQ. I'm bearish. It doesn't mean that I won't take Long's. Okay, it just means that they have to be |
| 154 | 00:31:32 --> 00:31:41 | intraday scalps because it's going against my higher timeframe, order flow and bias. And the narrative I think, is that we went higher, to upset the shorts, |
| 155 | 00:31:42 --> 00:31:52 | knock them out, if they're by stops that are being trailed while they're bearish. If they're by stops being triggered, above this high, those biceps are |
| 156 | 00:31:52 --> 00:32:02 | being accumulated as smart money for shorts. Like that's how I'm that's the internal dialogue that I'm holding, when I see this chart as it is. So I know |
| 157 | 00:32:02 --> 00:32:10 | there's a whole lot of this stuff here, because I don't have it set to only show on specific timeframes. And I just wanted to go out here and do this because I |
| 158 | 00:32:10 --> 00:32:22 | want to spend a lot of time studying what's going on over in the Middle East, because I want to talk about Sunday, Twitter space, maybe. But the the idea I'm |
| 159 | 00:32:22 --> 00:32:34 | holding here is we went up just to go down, that that's kind of like what I'm suggesting here, until I'm proven wrong, and would make that a truth. This |
| 160 | 00:32:34 --> 00:32:44 | inefficiency, if we trade above it, and it touches it and starts showing some support starts to rally, then I'll concede and say I'm wrong, and maybe |
| 161 | 00:32:44 --> 00:32:54 | something underlying did occur down here that I missed. And then we're gonna go higher. There's a whole lot of things in motion right now. And geopolitically |
| 162 | 00:32:55 --> 00:33:09 | with Russia and China. It's there's so many things, so many things that makes it very complex to have a macro read from a weekly and daily that has a long term |
| 163 | 00:33:10 --> 00:33:24 | time horizon that won't be met with short term disruptions that may challenge the opinion or sentiment idea of someone that's been doing a lot less. So I'm |
| 164 | 00:33:24 --> 00:33:36 | leaning on the fact that I know that this is the climate for that to occur, meaning I see in the chart that it's not enough for me to trust it. It's made a |
| 165 | 00:33:36 --> 00:33:49 | low. Like no words, I don't see it from where we are right now. I don't see it trading to make a new high up here. Okay. I don't see it. As bullish as to see |
| 166 | 00:33:49 --> 00:34:03 | it as going up to get ready to have another sharper drop lower. Okay. If I'm wrong, it's fine. It's okay. It means good for you to see me get it wrong. It |
| 167 | 00:34:03 --> 00:34:16 | doesn't happen all that often. It sounds like you're gonna know, but it's the truth. So anyway, the hourly chart, we had buyside in here, we finally got that |
| 168 | 00:34:16 --> 00:34:32 | level tagged, but not before seeing the drop below here, picking out sell side and rolling up this opening range gap. That level I taught how to determine what |
| 169 | 00:34:32 --> 00:34:48 | that is. And it's again using the river trading hours here so that was Thursday, where we settled. And then on Friday, where we open at 930. We had an opening |
| 170 | 00:34:48 --> 00:34:59 | gap. So it makes it the opening gap high. Why because we opened down below it. Remember we start this annotation with opening range gap settlement. So it's |
| 171 | 00:35:00 --> 00:35:10 | soon as we get to around 915 or so, right before several minutes before the opening bell at 930. Eastern Time, that'll tell you what it's likely to do. And |
| 172 | 00:35:10 --> 00:35:23 | since we have a gap, opening lower, we went down, took out the previous day's low with through it, and then came back that that trade here. That was the |
| 173 | 00:35:23 --> 00:35:33 | premise I was working with. Okay, so for now, I'll get to the second relative equalizers, biocide there. And then there's this actual gap, which is a real |
| 174 | 00:35:33 --> 00:35:44 | liquidity void. Okay, when you see these single candles like that, okay, technically, that is not a liquidity void, or liquidity void is where there's |
| 175 | 00:35:44 --> 00:35:54 | absolutely zero trading going on between two candlesticks or two timeframes. So this duration of time measurement on that candle on an hourly basis. And then |
| 176 | 00:35:54 --> 00:36:11 | the next candle here, there is no trading at all between these two price points, this candles, this candles low and that candles high. So this is a real |
| 177 | 00:36:11 --> 00:36:25 | liquidity void. And the price gets itself worked into buy side delivery here. So my question to you is this, if this was a real gap, and there's obviously if it |
| 178 | 00:36:25 --> 00:36:36 | trades up into it here with buy side, what would make it a bounce price range, sell side. So I'm expecting price to want to pass that back down into this |
| 179 | 00:36:36 --> 00:36:50 | range, because every gap should be, or every inefficiency and or gap should be delivered with both up and down price action. So a buy side delivery as market |
| 180 | 00:36:50 --> 00:36:59 | goes up through one range defined as we have here. The difference between this candle is high and that candles low. There's no There's no trading there, no one |
| 181 | 00:36:59 --> 00:37:08 | had a trader, no one had a fill. No one was selling short or buying long. No one was closing trades there. There was literally nothing being booked between these |
| 182 | 00:37:08 --> 00:37:20 | two candles. That's what makes this liquidity void. It's void of liquidity. So what will happen is the market algorithm will deliver price to and through that |
| 183 | 00:37:20 --> 00:37:31 | range. And what is it done so far? On the hourly chart, it's only delivered with by side delivery, not liquidity by side delivery, that means price has booked |
| 184 | 00:37:31 --> 00:37:40 | delivering price as it goes up. So it's reasonable to expect it to drop back down for the sake of offering both buy side and sell side. And then once that |
| 185 | 00:37:40 --> 00:37:49 | occurs, then the real narrative will be in play. Do we go higher? Or do we go lower. And when we leave that range that's shaded here. It will act as a |
| 186 | 00:37:49 --> 00:37:56 | balanced price range in whatever direction it works from after the bounce price range is established, there's probably going to be the price run that has a lot |
| 187 | 00:37:56 --> 00:38:08 | more sustainability versus right now, I'm speculating in not really having a clue what it wants to do exactly going into the opening on Sunday. Like we don't |
| 188 | 00:38:08 --> 00:38:14 | know what it's going to do. No one knows what it's going to do. But I do expect to an extreme gap opening because of all the things that's going on right now. |
| 189 | 00:38:16 --> 00:38:30 | Right 15 minute timeframe. Okay, so here is our gap here, again, showing record trading hours, this was Thursday settlement. And then when we opened down here, |
| 190 | 00:38:30 --> 00:38:42 | so the opening range gap is from here in the opening of that candle. Then we had this inefficiency here. And then the new week opening gap and its consequent |
| 191 | 00:38:42 --> 00:38:53 | encroachment in that buyside that we were talking about all this week, finally got it's ruined, smoked, and then powered through it. So again, here's that |
| 192 | 00:38:53 --> 00:39:06 | inefficiency, I mentioned that is a real liquidity void, that by side was delivered to look at the the reaction here, that trading rate their reaction |
| 193 | 00:39:06 --> 00:39:16 | there is that low or the liquidity void on the hourly chart. So you have to have these understood it visually, it's probably gonna be helpful to you if you have |
| 194 | 00:39:16 --> 00:39:30 | them drawn on your chart. If I was awake, and I was sleeping during this time, I was trying to take a nap but ended up sleeping over five hours. So I was |
| 195 | 00:39:30 --> 00:39:38 | apparently in need of rest. But I wasn't able to see any of this stuff here in the afternoon. So it would have been something I would have liked to take a |
| 196 | 00:39:38 --> 00:39:47 | trade on. I would have done this here. Like as this candle opened in drop down into the order block there. I would have used that to go long, trusting that |
| 197 | 00:39:47 --> 00:39:56 | these lows here wouldn't be touched again because it's the level of liquidity void on the hourly chart, which is like a range that's defined where there's |
| 198 | 00:39:56 --> 00:40:04 | absolutely zero trading, just like there is no trading here. So |
| 199 | 00:40:07 --> 00:40:20 | a good example of what I'm talking about where there's a liquidity void. And this one right here, okay? Look at it here. From that candles low, I'm sorry |
| 200 | 00:40:20 --> 00:40:35 | that candles high, and that candles low or extended out in time. So what's missing in here? Buy side and sell side delivery. So there's no up or close |
| 201 | 00:40:35 --> 00:40:45 | candlesticks or wicks. Until we get down here. So you see it trade down into it here. We see a trade down into it here, look where the bodies are stopping, you |
| 202 | 00:40:45 --> 00:40:58 | see that? That's not random. Move down again. The bodies are staying where inside of that real liquidity void. Chris Laurie is not going to teach it like |
| 203 | 00:40:58 --> 00:41:07 | that. Okay. And I know that sounds disrespectful. But I'm so fucking tired of hearing people say that I regurgitate or teach what he's taught. Because I had |
| 204 | 00:41:07 --> 00:41:19 | to man himself coming on Twitter and tell you all publicly it ain't it. This when we leave it? Okay, we've taken out the sell side here retreated back down |
| 205 | 00:41:19 --> 00:41:34 | into inefficiency. That's a larger timeframe, then we leave it this energetic runaway makes this a balanced price range. This gap here, what is it missing by |
| 206 | 00:41:34 --> 00:41:46 | side, not any longer it's been offered there. So in this area here between this candles low and this candles high. It's missing one. Sell side delivery means |
| 207 | 00:41:46 --> 00:41:55 | down delivery price moving lower. So in my mind, here's how I'm visually thinking about this. As I'm talking about live with you. We live in this |
| 208 | 00:41:55 --> 00:42:07 | recording, right. It's eight o'clock in the morning on Saturday. So let's live is going to get said the market is being pumped up ahead of next week's economic |
| 209 | 00:42:07 --> 00:42:21 | calendar. And I believe because we have a short week, because Monday's a holiday, I believe that we will see acceleration in terms of volatility. And I |
| 210 | 00:42:21 --> 00:42:36 | believe that all this is fluff in this area down here will be needed to be revisited. So I'll highlight that now. So it's on my chart. And everything else |
| 211 | 00:42:36 --> 00:42:49 | is removed. It's not salient, like for instance, this opening range gap Hi, I don't need that anymore. Next, I'm gonna keep it on here for a moment. The five |
| 212 | 00:42:49 --> 00:43:06 | minute chart here you can see how we we trade down into the inefficiency to take and sell side on the Thursday low. In the morning session. We rallied up 11 |
| 213 | 00:43:06 --> 00:43:27 | o'clock, we have a fair value gap with a breaker. So we have this high, low, high, lower low. I apologize, it's all lot of lipstick on this, I apologize. But |
| 214 | 00:43:30 --> 00:43:37 | I want to get through it. And usually I would have all these things removed so that we can take your focus right to the only thing I want you to be looking at |
| 215 | 00:43:37 --> 00:43:45 | as I'm talking and that's why I do it with PowerPoint makes it a lot easier. It makes it very streamlined for me to teach. But whenever I'm going over charts |
| 216 | 00:43:45 --> 00:43:54 | live like this and I'm pulling out what I see is as it's happening, it's a little bit more organic. You know some of you like it like that. But for the |
| 217 | 00:43:54 --> 00:44:02 | folks that tend to complain that I go on and on because I love teaching and I want you to know everything about what it is I'm talking about not just be |
| 218 | 00:44:02 --> 00:44:09 | familiar with it and give you a false sense of security like you understand how to do it because you watch me discuss something in an abbreviated tense that's |
| 219 | 00:44:09 --> 00:44:17 | not really learning and it's not someone that's willing to put in what's required is at work but the breaker here and there's something you're like why |
| 220 | 00:44:17 --> 00:44:24 | you highlighted the down close candle ICT Why did you do an up close candle because we're looking at a five minute chart so inside that highest up close |
| 221 | 00:44:24 --> 00:44:34 | candle I'm sorry that that the highest candle in a five minute chart there's going to be an up close candle and now on a one minute chart. Just give me a |
| 222 | 00:44:34 --> 00:44:41 | moment okay. I know what you're thinking already know the questions you got pop in your head. We can see how we worked in that fear of a gap right there. |
| 223 | 00:44:41 --> 00:44:52 | They're so institutional we're going to drill here and here and then we said price higher. It's also occurring at what price level what's going on in here. |
| 224 | 00:44:54 --> 00:45:03 | We have the new week opening gap Hello. Consequent coaching the new week opening gap And then the new week opening gap high. So between the new week opening gap |
| 225 | 00:45:03 --> 00:45:12 | low and its consequent courage, or midpoint level, what level is that between these two, halfway, it's a little quadrant. And that's what you're seeing there. |
| 226 | 00:45:13 --> 00:45:23 | So, when you have a bias, when you have a narrative in play that you think that the market will deliver, either on a buy side run or sell side wrong. And you're |
| 227 | 00:45:23 --> 00:45:37 | inside of an inefficiency, you need to be cognizant of that. The grading of that range or inefficiency is not quarters theory. We're using logic based on |
| 228 | 00:45:37 --> 00:45:50 | inefficiencies and or a range that is implied, it may not be there technically yet. And that's what I'm talking about in my core content lessons, creating a |
| 229 | 00:45:50 --> 00:45:59 | price run. That is not quarters theory, even though I'm talking about a quadrant of specific range, go and look at Go study quarters theory. And you'll be just |
| 230 | 00:45:59 --> 00:46:06 | like, I've told you with everything else, it's not white golf. It's not supplying to me and it's not Elliott Wave is not none of that stuff. This is |
| 231 | 00:46:06 --> 00:46:16 | absolutely the market. This is what the algorithm is doing. Everything else is going to explain things perfectly. In hindsight. I'm telling you what to do and |
| 232 | 00:46:16 --> 00:46:27 | look for before it happens. I'm doing on all timeframes in live streams and pre recorded analysis and you watch it pan out. That's bending time and space. So |
| 233 | 00:46:28 --> 00:46:37 | anyway, I'm gonna go into Twitter mood, and start going off, but let me just reel myself in here, Lord, help me to the market rallies up, we have an |
| 234 | 00:46:37 --> 00:46:53 | inefficiency here. And we trade to that as well. And just a real nice run price higher up into the inefficiency that it has tagged, as I mentioned, we went on |
| 235 | 00:46:53 --> 00:47:07 | higher timeframe. So here is the business for the quote unquote, ICT student on Twitter that said, I got it wrong. I want to pay attention now. Okay, pay |
| 236 | 00:47:07 --> 00:47:22 | attention. Because I said in the last stream for the Non Farm Payroll, it's a two stage delivery. Okay. So it's a two stage delivery, meaning that it will |
| 237 | 00:47:22 --> 00:47:32 | likely do what feed the first move just like FOMC, I teach you when the right announcement comes out, the two o'clock run to 230. That's the fake move. So you |
| 238 | 00:47:32 --> 00:47:42 | have to determine what did what did they do between two o'clock and 230? During the rate announcements? Non Farm Payroll is the same macro. It's the same thing |
| 239 | 00:47:42 --> 00:47:55 | that they're doing the first run, not all the time. Predominantly, yes. But most cases, the first run at 830, when the news is hitting the wires, whatever that |
| 240 | 00:47:55 --> 00:48:04 | direction is in price that is the fake move. That's the first stage delivery. The second stage is the opposite of whatever that is, meaning we saw a price do |
| 241 | 00:48:04 --> 00:48:19 | what it drops down. gets everybody thinking, Okay, it's going to go lower, it crushes everyone that's already long. And it did so in stunning fashion very |
| 242 | 00:48:19 --> 00:48:34 | quickly. What scares everyone in the marketplace, it terrifies them. Then the market does. The second stage, which is opposing the 830 news. Sentiment shift |
| 243 | 00:48:34 --> 00:48:44 | caused everybody to think that it would keep going, keep going keep going lower. They trap them short. And then they run against the move that took place in the |
| 244 | 00:48:44 --> 00:48:58 | morning. So pay attention. You see that right there? Show it again. You see that right there? That's not Market Replay. It's not Market Replay. That is not |
| 245 | 00:48:58 --> 00:49:16 | Market Replay, folks. Okay. So what that is, is me trading using the logic of the first stage delivery down here. We go into electronic trading hours. Okay. |
| 246 | 00:49:16 --> 00:49:28 | And I'm looking at price anticipating that it's going to use these wicks in here. Okay. I want to I want to know that I'm on side before I do this, because |
| 247 | 00:49:28 --> 00:49:42 | nonfarm payroll can trick me. Sometimes it is will behave in a manner where I will get smoked. If I allow them to do it to me. It's me to blame, right. So |
| 248 | 00:49:42 --> 00:49:52 | because I outlined you that the second stage is opposite to what you see in the morning at 830. On these big news drivers, |
| 249 | 00:49:54 --> 00:50:02 | I felt that it was something that would be reasonable for it to trade up to the opening range gap high that's that level right here. Okay. And again, let me |
| 250 | 00:50:02 --> 00:50:12 | take you back to our trading hours and see where it's anchored. Here is the Thursday settlement price. So that's the gap from where we opened on Friday down |
| 251 | 00:50:12 --> 00:50:25 | here at 930. So that gap, I was looking for that gap closure, I want to put this back in a second. I was looking for the price to run here. And obviously, as I |
| 252 | 00:50:25 --> 00:50:32 | mentioned, I was tired. So I put the order on, put a limit order on the stop. And if it would have been stopped out, you I want to show you, here you go. |
| 253 | 00:50:33 --> 00:50:45 | Here's what happened. But here is what happened. The price ran up to closing that gap. But more specifically, I wanted to see it trade. And give me a limit |
| 254 | 00:50:45 --> 00:50:58 | exit just below the opening range gap high. So that's why you see my exit is 14,008 56 and a quarter, whereas that price level, let me put everything back |
| 255 | 00:50:58 --> 00:51:06 | like it was because I want that level to stay there. Because this void is significant to me. It's also has the added benefit of having the old period gap |
| 256 | 00:51:06 --> 00:51:16 | in here. So what is it still lacking here? Big, big, big, big paradigm shift for you folks, before I finish this side by side and balance outside efficiency |
| 257 | 00:51:16 --> 00:51:28 | here. And we have here again? What's it missing? sellside delivery. We didn't get it here because it's a void and only pass through one way here. So what is |
| 258 | 00:51:28 --> 00:51:38 | it missing? Downside delivery. So my attention is in this shaded area, in this fair value gap. I'm aiming for that next week for some trade setup, I'll be |
| 259 | 00:51:38 --> 00:51:46 | looking for that. Okay, I'm gonna be looking for that very thing. Next week. Unless I'm proven wrong, and I'm okay with being wrong, it's okay, doesn't mean |
| 260 | 00:51:46 --> 00:51:54 | anything, this means that I don't get what I want. That's okay. It's not working when you're trading, just like mentorships, you can't have it your way all the |
| 261 | 00:51:54 --> 00:52:15 | time. So inside here inside these wicks, if you measure like that, you see you have 14 770 in three quarters. So you have that right there. And then you have |
| 262 | 00:52:15 --> 00:52:23 | this order block forming. With that down movement right there. As it's happening. I'm also looking at this wick |
| 263 | 00:52:33 --> 00:52:44 | right here at three and three quarters. So in my mind is long as I'm buying below that price of that, wait, why this one because it's slightly higher than |
| 264 | 00:52:44 --> 00:52:56 | that one. But there's two of them. So I want to get a range between both the consequent encouragement of both of that. And that in itself is a PDA two. Oh, |
| 265 | 00:52:56 --> 00:53:02 | now it's going to end up on Amazon and a book somewhere else, somebody else is gonna write about it, you're gonna talk about it wrong. It's all the details I'm |
| 266 | 00:53:02 --> 00:53:14 | gonna give you here. You love that twist the knife ICT twist it Oh, so slow, ever so slow. I mean, mean, I know what you guys are trying to be ahead of me. |
| 267 | 00:53:14 --> 00:53:21 | And every time I teach something, you want to put it out in a book. So you can claim you have it in print first. Technically, it's not in print first. When you |
| 268 | 00:53:21 --> 00:53:31 | do there, it's your you're copying me because I've already put it in production here. Okay, I've already already had all you. But anyway, a lot of these things |
| 269 | 00:53:31 --> 00:53:39 | that I'm talking about here will be amplified in book format. But you have to see examples of it. And that's what I'm showing you here. So the entry here it |
| 270 | 00:53:39 --> 00:53:51 | was 14,000 775 Even, which is between both of those two consequent encroachments of those wicks right in here. The damage was done down here. And as long as I'm |
| 271 | 00:53:51 --> 00:54:05 | buying inside this order block as it's for me, what's the high of that candle? 91 and a half, what's the low 63 Even? What's my Phil 75 Even it's less than 83 |
| 272 | 00:54:06 --> 00:54:22 | of that wick here and above the consequent correction, all that work. Just as too complicated, okay, it's not for you. Listen, not everybody needs to be a PhD |
| 273 | 00:54:22 --> 00:54:30 | rocket scientist using technical science. I understand that. Okay, it's going to for some of you, this is going to be above your paygrade that's okay. But you |
| 274 | 00:54:30 --> 00:54:40 | won't get the level of entries that I have in my repertoire. If you choose not to do it. You don't need them. You don't need all this stuff. Okay. I am sick |
| 275 | 00:54:40 --> 00:54:51 | with it. Okay. It's it's it's an illness because I need to know everything everyone else doesn't know. I need to know every little intricate piece of what |
| 276 | 00:54:51 --> 00:55:03 | makes these markets move around. And where I placed my fingerprint. I'm telling you, this is what's codified, and you're hearing the man that did it. So the run |
| 277 | 00:55:03 --> 00:55:17 | up into the opening range gap high. That price is 14,008 57 and three quarters, I want to get out as it's going there, because I'm not going to be there a week |
| 278 | 00:55:17 --> 00:55:27 | unconscious, I want to make sure it's very, very likely that it's going to fill me. So the limit order is just below where I think it's going to reach to. |
| 279 | 00:55:28 --> 00:55:37 | Because what could have happened was it could have went right up to that previous settlement price here. And just hit it with the spread, not offering my |
| 280 | 00:55:37 --> 00:55:49 | exit I showed you this year with a live account where I had a limit order in it didn't fill me I had a large portion of the trade already booked in profit and |
| 281 | 00:55:49 --> 00:55:58 | it stopped was rolled into a position. When it turned back against me it stopped me in profit. But it did not let me out at the target I wanted because of the |
| 282 | 00:55:58 --> 00:56:09 | spread, which was one tick. So because I was tired, I was fatigued, I wanted to sleep, the limit order on this trade was placed significantly lower than and you |
| 283 | 00:56:09 --> 00:56:21 | might not think that significant. You seeing it at 57 and a quarter here, and I'm trying to get out at 56 and a quarter. So it's to me, it's one half handles, |
| 284 | 00:56:21 --> 00:56:31 | that's that's fair, you know, I'm okay with that. I don't have to have the exact opening range gap high price, I don't need that or higher. Now, looking at it, |
| 285 | 00:56:31 --> 00:56:40 | it would have been nice to wake up and still have it, you know, without that limit order there. And just had my stop loss at a level where if it stopped me |
| 286 | 00:56:40 --> 00:56:50 | out, I mean, 500 bucks or 10 in the 1000 or something like that. It's a reasonable position size. It wasn't the largest portion of what I'm looking for. |
| 287 | 00:56:51 --> 00:56:58 | Generally, I wasn't trying to build any kind of pyramid thing because, you know, either I'm going to be right or I'm going to be wrong. And using the logic I've |
| 288 | 00:56:58 --> 00:57:09 | been teaching using the watch I talked about in that live stream. Okay, this is a real execution. And you can't hide it. You can't explain it away because it's |
| 289 | 00:57:09 --> 00:57:18 | really there. It's not in Market Replay. Let you see or hear there was no other executions. It's just |
| 290 | 00:57:24 --> 00:57:37 | so this weekend, I want you to rest. I want you to keep your eye on what's going on over the Middle East because that will have shockwaves that go around the |
| 291 | 00:57:37 --> 00:57:46 | world in the markets. We'll show you that in price next week in addition to what we already have as news drivers and volatility injections with all the red |
| 292 | 00:57:46 --> 00:57:54 | folder events that's part of unleased through next week's trading. So until I'll talk to you next time, be safe |