Skip to Content
Last modified by Drunk Monkey on 2024-08-07 10:37
Show last authors
1 {{box cssClass="box floatinginfobox" title="**Quick Links**"}}
2 {{toc depth="2" numbered="true" start="2"/}}
3 {{/box}}
4
5 == Outline ==
6
7 ##00:00 -## Trading NASDAQ with intraday scalping strategies.
8
9 - Trader discusses potential trade opportunities in the NASDAQ using technical analysis.
10 - ICT identifies a potential trading opportunity in a gap between fair value and the current market price.
11 - Trader identifies potential sell opportunities in a rotating lower tagging pattern.
12 - Trader discusses using partial fills and liquidity in intraday trading.
13
14 == Transcription ==
15
16 (% class="hover min" %)
17 |1 |00:00:00,000 ~-~-> 00:00:05,910 |Hello folks we're looking at the NASDAQ here
18 |2 |00:00:18,990 ~-~-> 00:00:32,700 |if we look at the minute chart here so we have a little bit of a premium
19 |3 |00:00:33,240 ~-~-> 00:00:41,400 |relative to her previous day's settlement are inside this little
20 |4 |00:00:41,400 ~-~-> 00:00:45,540 |Pharaoh you got here if we can go a little bit higher from where we are
21 |5 |00:00:49,440 ~-~-> 00:01:05,160 |gonna go beneath this damn close candle with our stop loss and we'll maximize
22 |6 |00:01:10,560 ~-~-> 00:01:16,710 |of ease she can your ears alright so now we're going to add more reading side
23 |7 |00:01:16,710 ~-~-> 00:01:17,820 |this volume imbalance here
24 |8 |00:01:29,280 ~-~-> 00:01:34,680 |and see that here and the draw is right here so this is micro scalping This is
25 |9 |00:01:34,680 ~-~-> 00:01:43,380 |whip on that account companies don't want you don't get in here making money
26 |10 |00:01:43,560 ~-~-> 00:01:55,020 |it's unprofitable for us oh the old troublemakers back at it again all right
27 |11 |00:01:55,020 ~-~-> 00:01:58,680 |you see the tank was candle right there and the volume and bounce in this volume
28 |12 |00:01:58,680 ~-~-> 00:02:03,540 |it bounced there's a reason enough for those things that draw price back down
29 |13 |00:02:03,540 ~-~-> 00:02:10,860 |inside this order block so we'll note that one any events because back there
30 |14 |00:02:10,890 ~-~-> 00:02:17,970 |we'll say hypothetically you would add one more but I'm at maximum four months
31 |15 |00:02:20,400 ~-~-> 00:02:35,790 |trade here if I get there always include the volume of balances and for bread
32 |16 |00:02:35,790 ~-~-> 00:02:40,740 |butter purposes I'm sorry
33 |17 |00:02:46,830 ~-~-> 00:02:48,690 |the buy side arresting just about that
34 |18 |00:02:58,050 ~-~-> 00:03:08,520 |close to the real close to the target this stop should be covering costs and
35 |19 |00:03:08,520 ~-~-> 00:03:18,270 |boom just like that pretty fun pretty pretty fun alright so we have a volume
36 |20 |00:03:18,270 ~-~-> 00:03:21,870 |of bouncing very traded back into that a couple times I'm going to actually put a
37 |21 |00:03:21,870 ~-~-> 00:03:29,820 |limit order in there and see if I can capture another run
38 |22 |00:03:36,270 ~-~-> 00:03:38,400 |and we will target the
39 |23 |00:03:45,750 ~-~-> 00:03:48,270 |daily for Vega here
40 |24 |00:03:55,980 ~-~-> 00:04:03,720 |should pop up in here and grab it oh you see that it gave me the Limit price but
41 |25 |00:04:03,720 ~-~-> 00:04:10,050 |didn't give me the spread to get it filled so it's a little bit more gone
42 |26 |00:04:10,050 ~-~-> 00:04:17,220 |Virginia There you go. So now we have the market reaching up into this fair
43 |27 |00:04:17,220 ~-~-> 00:04:25,440 |value gap where we can add more so that's this right here not that
44 |28 |00:04:31,350 ~-~-> 00:04:47,700 |okay, and that was labeled as it is a ICT bearish affair Vega just so much fun
45 |29 |00:04:47,700 ~-~-> 00:04:54,720 |seeing it just hanging out like it's designed to do. It's also seen how the
46 |30 |00:04:54,720 ~-~-> 00:04:59,430 |Otterbox that we mentioned over here, how that becomes an inversion level
47 |31 |00:04:59,430 ~-~-> 00:05:09,690 |right there you See that clever ICT clever? I know I'm so we can now change
48 |32 |00:05:09,690 ~-~-> 00:05:12,540 |this to top, right
49 |33 |00:05:26,010 ~-~-> 00:05:31,020 |and then we're gonna make that small is like that, elongate this, get this out
50 |34 |00:05:31,020 ~-~-> 00:05:40,380 |of the way, drag this out over here and cover that cover, that makes sense.
51 |35 |00:05:43,590 ~-~-> 00:05:55,020 |They're in the front seat better. Drag this back over here. Now there's
52 |36 |00:05:55,020 ~-~-> 00:05:59,700 |liquidity here, there's inefficiency in this, and there's a lot of order flow
53 |37 |00:06:00,060 ~-~-> 00:06:03,480 |that worked around here, main thing is that order flow did not come back and
54 |38 |00:06:03,480 ~-~-> 00:06:10,590 |touch the daily fair value got high. So that's the reason why I'm drawing my
55 |39 |00:06:10,590 ~-~-> 00:06:13,710 |limit work just below the bottom of these candles, because it may not even
56 |40 |00:06:13,710 ~-~-> 00:06:18,120 |touch the daily core value of high again, see the volume of balance in
57 |41 |00:06:18,120 ~-~-> 00:06:22,170 |here. Trading now right there
58 |42 |00:06:33,870 ~-~-> 00:06:44,280 |and we'll make that smaller. So hitting a rotating lower tagging these very
59 |43 |00:06:44,280 ~-~-> 00:06:56,040 |short term sell sonically post volume imbalances. Or flexible PV arrays, okay?
60 |44 |00:06:56,430 ~-~-> 00:07:00,270 |So they can go back and forth over top of them and still keep the underlying
61 |45 |00:07:00,270 ~-~-> 00:07:06,450 |narrative active, meaning that don't expect them to turn on a dime, always,
62 |46 |00:07:06,840 ~-~-> 00:07:14,040 |you want to judge see where where the order flow is in and around them. And
63 |47 |00:07:14,070 ~-~-> 00:07:18,990 |many times it can cause the market to turn. But we have to be a little bit
64 |48 |00:07:18,990 ~-~-> 00:07:23,100 |more flexible with these. Okay, so what we're gonna do is we're gonna take
65 |49 |00:07:29,310 ~-~-> 00:07:34,470 |five off just below here and right inside this inefficiency, so between
66 |50 |00:07:34,470 ~-~-> 00:07:42,540 |these candles high candles low, there's reason to take profit, we have to reduce
67 |51 |00:07:42,540 ~-~-> 00:07:50,550 |our risk or costs. Okay. commission costs are around $10 Less with fees and
68 |52 |00:07:50,550 ~-~-> 00:07:55,350 |everything else per contract. So it comes to the first partial criminal a
69 |53 |00:07:58,050 ~-~-> 00:08:05,970 |little bit more virgin. You are so good to me, though. You're so good. Oh, my
70 |54 |00:08:05,970 ~-~-> 00:08:09,510 |goodness, what is buying and selling, buying and selling, it must be that
71 |55 |00:08:09,510 ~-~-> 00:08:13,380 |buying and selling pressure they keep talking about I'm not sure the verdicts
72 |56 |00:08:13,380 ~-~-> 00:08:21,690 |still out waiting, waiting to be confirmed. And again, this is a 15
73 |57 |00:08:21,690 ~-~-> 00:08:28,380 |second chart, by the way, folks, in case you were wondering. And we'll pack up
74 |58 |00:08:28,380 ~-~-> 00:08:37,020 |inside of this inefficiency. And at this point, it could stop me out with the
75 |59 |00:08:38,130 ~-~-> 00:08:45,360 |cost covered. But it's been very fun working within these tiny little ranges
76 |60 |00:08:45,360 ~-~-> 00:08:56,640 |here showing you that you can carve out yourself a little income went to
77 |61 |00:08:56,640 ~-~-> 00:09:01,290 |competitions. You know, you could do all kinds of stuff when you had the
78 |62 |00:09:01,290 ~-~-> 00:09:04,860 |understanding of how to read price action. Not see what's created here.
79 |63 |00:09:04,860 ~-~-> 00:09:09,000 |This is a little bit problematic or my stop also has a high and other high so
80 |64 |00:09:09,000 ~-~-> 00:09:13,350 |it can jump up your head that and it's fine, but that's completely okay. This
81 |65 |00:09:13,350 ~-~-> 00:09:17,580 |is the reason why we take partials. Now if you are going to be hard and fast and
82 |66 |00:09:17,580 ~-~-> 00:09:21,870 |you want to be a surgical hit and run types in scalper, you don't take any
83 |67 |00:09:21,870 ~-~-> 00:09:26,460 |partials, you just take the first logical level of liquidity, bang, you're
84 |68 |00:09:26,460 ~-~-> 00:09:33,480 |out it's over. Then you wait for the next setup. Here I just want to see if
85 |69 |00:09:33,480 ~-~-> 00:09:38,700 |we have a little bit of juice in this lemon to get us down into another
86 |70 |00:09:38,700 ~-~-> 00:09:41,760 |attempt to get that deal if you're right you got that's what this little blue
87 |71 |00:09:41,760 ~-~-> 00:09:43,080 |shaded areas down here.
88 |72 |00:09:54,420 ~-~-> 00:09:55,440 |This way
89 |73 |00:10:02,159 ~-~-> 00:10:07,649 |So you can trade without a bias, you can trade the liquidity that's available
90 |74 |00:10:07,649 ~-~-> 00:10:12,299 |intraday. And you can drop down into a very small timeframe and work with a
91 |75 |00:10:12,299 ~-~-> 00:10:20,279 |very small range and do very, very well. But if you lose your mind, and or lose
92 |76 |00:10:20,279 ~-~-> 00:10:25,649 |the plot, which is trying to make money, getting in logical levels, expecting a
93 |77 |00:10:25,649 ~-~-> 00:10:30,539 |logical draw on liquidity, it should make sense why it should do it in the
94 |78 |00:10:30,539 ~-~-> 00:10:37,499 |grand scheme of things. So, that's going to come with experience, obviously. But
95 |79 |00:10:37,499 ~-~-> 00:10:43,019 |other things that teach on this YouTube channel, the inner circle trader, all
96 |80 |00:10:43,019 ~-~-> 00:10:46,379 |for free, you just have to do the work and it takes a little bit of time,
97 |81 |00:10:46,769 ~-~-> 00:10:52,499 |effort and energy to work towards it. You can carve out some pretty consistent
98 |82 |00:10:54,479 ~-~-> 00:11:01,619 |models. Here's the stock and that's fine, that's fine. But buying in here,
99 |83 |00:11:03,059 ~-~-> 00:11:09,209 |running the buy side there, then go back in selling short and getting the
100 |84 |00:11:09,209 ~-~-> 00:11:10,019 |liquidity under here.