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ICT YT - 2024-06-24 - NQ Turtle Soup Short

Last modified by Drunk Monkey on 2024-08-07 10:37
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Outline

00:02 - Trading NASDAQ with potential inversion fair value gap.

- ICT expects NASDAQ to drop, aims to sell short at 8:30 AM ET.
- ICT identifies potential short entry opportunity near 7:50am.
- ICT identifies inversion fair value gap, annotates with gradients.

07:28 - Trading strategies and market analysis.

- ICT explains the concept of quadrants in trading, including the upper and lower quadrants, and how they relate to price action.
- ICT identifies potential trading opportunities based on the algorithm's behavior inside the upper and lower quadrants.
- ICT is focusing on a low at 926 and wants to see the price stay inside that range.
- ICT wants to see the price fall into the low at 926 without returning to its wick.
- ICT warns of scammers pretending to be him on Instagram.

Transcription

1 00:00:02,160 --> 00:00:09,660 Well, good morning, folks. How are you long time? No see. So I've been under
2 00:00:09,660 --> 00:00:16,020 the weather of sorts. Not sure how to explain it, other than I believe it has
3 00:00:16,020 --> 00:00:23,600 something to do with blood sugar. I've had some issues with my vision and
4 00:00:23,600 --> 00:00:34,820 dizziness and just oh, I'm not doing well, but I'm working on it. So looking
5 00:00:34,820 --> 00:00:44,620 at the NASDAQ here, I like the idea of the NASDAQ trading down for a little
6 00:00:44,620 --> 00:00:53,020 while, that buy side looks safe, that sell side imbalance I'm noting here, I
7 00:00:53,020 --> 00:00:58,180 want to see it stay below the midpoint, and I'm willing to take a short in here
8 00:00:58,180 --> 00:01:05,700 and aim for the low form just after eight o'clock in the morning.
9 00:01:09,300 --> 00:01:10,200 So
10 00:01:14,280 --> 00:01:19,380 I see several things in here, inversion, pit, value gap that could happen. This
11 00:01:19,380 --> 00:01:22,340 is the low,
12 00:01:29,360 --> 00:01:33,980 8:30am Eastern Time.
13 00:01:40,340 --> 00:01:43,720 This black and this black,
14 00:01:45,880 --> 00:01:50,140 all right, so that's the initial draw. So I'm expecting it to go there, but I'd
15 00:01:50,140 --> 00:01:55,420 like to see it go lower. I like 760 as a enemy, eternal swing. So we're going to
16 00:01:55,420 --> 00:02:02,640 sell short here. I'll put the stop loss right there at the high. I don't think
17 00:02:02,640 --> 00:02:06,240 that consequent encouragement is going to
18 00:02:08,880 --> 00:02:22,640 be a factor for this. I'll add some more in here. Okay, and I'll get that off of
19 00:02:22,640 --> 00:02:23,000 there.
20 00:02:30,620 --> 00:02:36,260 Now I'm watching that last up close candle, the big, bold, green one. My
21 00:02:36,260 --> 00:02:40,600 eyes looking right to close that candlestick. And that's a rejection
22 00:02:40,600 --> 00:02:47,080 block. If it can stab one more time up into that, I'll add just to prove the
23 00:02:48,040 --> 00:02:59,380 method and concept. So we're looking for that decline around 7:50am near ton, I'm
24 00:03:00,000 --> 00:03:07,380 it is a volume imbalance I'm going to add into that right there,
25 00:03:09,000 --> 00:03:11,640 and it might
26 00:03:13,860 --> 00:03:20,780 not get up into that rejection block, but If it does, I'll add me annotate
27 00:03:20,780 --> 00:03:28,280 this volume imbalance for you. Now, volume and balance is the weakest in
28 00:03:28,280 --> 00:03:34,940 terms of the flexibility on all my PD arrays, so I'm completely comfortable
29 00:03:35,540 --> 00:03:40,480 with letting price go through them and then coming back to them as a i They
30 00:03:44,260 --> 00:03:47,200 either target means of managing a stop loss. So
31 00:03:51,100 --> 00:03:54,280 these things always get it where I want it.
32 00:03:55,540 --> 00:03:56,680 It's never rare I want it.
33 00:04:02,920 --> 00:04:12,600 I I wanted to thicken up here, come on. There you go. All right, so it could
34 00:04:12,600 --> 00:04:19,080 bounce off this volume and bounce and if it can sweep to that last up close
35 00:04:19,080 --> 00:04:24,020 candle, the biggest green one before it turned and rolled over here, I'll take
36 00:04:24,020 --> 00:04:31,820 that as a an additional short entry, the stop loss is safe. So
37 00:04:35,000 --> 00:04:39,860 just want to draw special attention to that
38 00:04:41,540 --> 00:04:48,820 so I'm not fearful of adding that's the constant correction of the wick three
39 00:04:48,820 --> 00:04:52,060 candles back, and there is
40 00:04:53,740 --> 00:04:56,380 what looks like the rejection block, right
41 00:04:57,699 --> 00:05:01,619 there. Yep, I got right there. I. So I'd like to see it turn right there on a
42 00:05:01,619 --> 00:05:04,919 dime. If it's truly, in fact, a rejection block, it should, in fact,
43 00:05:05,219 --> 00:05:09,419 drop and fall away from here and start gravitating towards that low I was
44 00:05:09,419 --> 00:05:10,139 looking for.
45 00:05:17,220 --> 00:05:19,140 Okay, so far so good. I'm
46 00:05:29,540 --> 00:05:33,260 now this becomes a premium array, where if it trades away from it on the
47 00:05:33,260 --> 00:05:40,900 downside, if it comes back up into it, it should act as resistance. Because now
48 00:05:40,900 --> 00:05:45,580 the narratives in play, and there you go. Look at that. It's almost like
49 00:05:45,580 --> 00:05:50,860 voodoo, all right. So I'm looking at the bottom balance outside of efficiency
50 00:05:51,160 --> 00:05:55,420 that we're trading inside of, just to the left of where price is trading now.
51 00:05:56,020 --> 00:06:00,120 And don't lose sight of that low down here, because that's where my focus is.
52 00:06:01,260 --> 00:06:05,340 I'm not so much concerned about it ripping and, you know, reversing higher,
53 00:06:05,700 --> 00:06:11,820 but I like the idea of taking some of the risk away here. And I want to see
54 00:06:11,820 --> 00:06:16,080 that body side and imbalance, cell side and efficiency morph into a
55 00:06:19,139 --> 00:06:24,559 just be a little facetious here no ICT video was complete without it, and
56 00:06:26,000 --> 00:06:31,100 that botched and balanced cell sided efficiency, I want to see that act as a
57 00:06:31,100 --> 00:06:37,460 inversion fair value gap. So inversion fair value gaps are typically shown in
58 00:06:37,460 --> 00:06:43,660 my educational examples the teachings. I usually annotate them as an orange hued
59 00:06:44,140 --> 00:06:53,080 rectangle. So while this here, see that candle is high, that candle is low, that
60 00:06:53,080 --> 00:06:59,680 candle is high, that candle is low. The folks that think these are Lakota diva
61 00:06:59,680 --> 00:07:02,760 woods, that they could just trade back down into them and go back up because
62 00:07:02,760 --> 00:07:05,820 they don't know what's going on. They'll look at that as a reason go long and
63 00:07:05,820 --> 00:07:10,440 they'll lose their shirt here. So what I'm showing you is that I'm viewing that
64 00:07:10,440 --> 00:07:13,800 as an inversion fair value gap. And Chris Laurie doesn't teach that, by the
65 00:07:13,800 --> 00:07:20,840 way, he might start doing it now, because mine works a lot better, but the
66 00:07:21,440 --> 00:07:28,460 inversion fair value gap here, I want to annotate that and put gradients inside
67 00:07:28,460 --> 00:07:32,180 of them. Okay, so what we're going to do is want to break them up into the upper
68 00:07:32,180 --> 00:07:37,820 quadrant, consequent crochet, which is midpoint, and then there is the lower
69 00:07:37,820 --> 00:07:42,040 quadrant, and then obviously the low of it. So let me show you that with the FIB
70 00:07:42,700 --> 00:07:45,760 here. So that's normal, that's consequence encroachment. And here's the
71 00:07:45,760 --> 00:07:49,960 FIB settings. You want to screenshot that. And now there's the quadrants
72 00:07:49,960 --> 00:07:53,560 inside of that. This is not quarters theory, and quarters theory is a joke.
73 00:07:53,680 --> 00:07:57,400 So stop asking me in the comment section. It's all a farce. Okay, it's
74 00:07:57,400 --> 00:08:01,320 another gimmick. Watch and see what the difference is here. Okay, this is not
75 00:08:01,320 --> 00:08:05,400 quarters theory. You'll never see anyone teaching this outside of me and my
76 00:08:05,400 --> 00:08:09,780 lectures and anything. After I've taught it in mentorship. Then you see all these
77 00:08:09,780 --> 00:08:15,480 little scribes and copycats. Let me copy this little William and balance in here.
78 00:08:15,480 --> 00:08:20,060 I think we're gonna shoot up into that and hit the upper quadrant at most. I
79 00:08:20,060 --> 00:08:22,160 don't want to see it close above the up quadrant.
80 00:08:24,560 --> 00:08:26,840 Picking these up. Oh, there's the up quadrant.
81 00:08:28,879 --> 00:08:35,479 I said that should be enough. Now, from a narrative standpoint, the algorithm
82 00:08:35,479 --> 00:08:40,659 should start to spool lower, and there's a little short term low bring below,
83 00:08:42,879 --> 00:08:47,619 right at 820 or so. That's also inside of another buy side, available time,
84 00:08:47,619 --> 00:08:51,399 efficiency. I don't expect that to act as a inversion, fair Vega. I'd like to
85 00:08:51,399 --> 00:08:57,339 see it melt right through that. So what I'm watching here is, does it want to
86 00:08:57,339 --> 00:09:03,599 trade above the upper quadrant of that inversion? Fair Value. Here's the low I
87 00:09:03,599 --> 00:09:08,699 was referring to. This is this is a minor sell side liquidity. So it's just
88 00:09:08,699 --> 00:09:14,999 another factor to look for and study. Is price gravitating to this level. If I
89 00:09:14,999 --> 00:09:19,919 was extremely insecure as a new developing student, I would look to take
90 00:09:19,919 --> 00:09:24,259 a partial under this low but I've been around the block a few times, so I'm
91 00:09:25,699 --> 00:09:29,539 going to hold for the target down here, because I have a longer term target I'm
92 00:09:29,539 --> 00:09:30,379 trying to reach for.
93 00:09:35,480 --> 00:09:43,540 Okay, so that's the that's the next gravitational draw on price. And if the
94 00:09:43,540 --> 00:09:47,500 algorithm does exist, and it does want to go lower, that should just go right
95 00:09:47,500 --> 00:09:52,540 down there and then accelerate through it, not just poke its tail in the water
96 00:09:52,540 --> 00:09:55,780 and then go back up into the inversion fair value gap. I don't want to see that
97 00:09:55,780 --> 00:10:03,180 it's already done the work inside the inversion fair value gap. You. So I want
98 00:10:03,180 --> 00:10:09,600 to see some big, down, close candles, expansion lower. That'll confirm to me
99 00:10:09,600 --> 00:10:17,400 that we will absolutely have no problem reaching the 926, level and little bit
100 00:10:17,400 --> 00:10:17,880 lower. I'll, I'll
101 00:10:19,200 --> 00:10:20,600 put a limit order below that.
102 00:10:24,320 --> 00:10:27,920 Right now, I'm focusing on what we're seeing here, and that's beautiful.
103 00:10:27,920 --> 00:10:33,140 That's exactly what we want to see. Now, spread its wings a little bit more. I
104 00:10:33,140 --> 00:10:33,860 like that now.
105 00:10:35,120 --> 00:10:36,500 So probably just got lucky, and
106 00:10:39,620 --> 00:10:43,000 now you got to see the comment section. These guys love these little comments.
107 00:10:48,700 --> 00:10:52,780 And just for the sake of answering, the folks that constantly leave little
108 00:10:52,780 --> 00:10:58,720 comments and even messed up here, okay, that colors costs. And the reason why
109 00:10:58,720 --> 00:11:01,780 you don't see comments, even though it looks like the comment sections open, is
110 00:11:01,780 --> 00:11:05,760 open. It is open. It's just for me to read anyone that says, Why isn't there
111 00:11:05,760 --> 00:11:08,640 any comments? I've banned those individuals so I'll never see your
112 00:11:08,640 --> 00:11:12,180 comments again, and usually they're from people that aren't really subscribed to
113 00:11:12,180 --> 00:11:16,740 the channel, so I could care less if I ever see your comment again. All right,
114 00:11:16,740 --> 00:11:21,920 so we have a limit ordered. I want to move just a little bit lower so we have
115 00:11:22,340 --> 00:11:30,020 15 scheduled to come off under that low. So far, everything just looks absolutely
116 00:11:30,260 --> 00:11:36,560 gorgeous. Markets open, no Market Replay. They don't play that game right
117 00:11:36,560 --> 00:11:41,560 here, I had a person asking, Can you move that thing, what are you hiding?
118 00:11:41,680 --> 00:11:45,520 There's nothing over here. That's just the time thing. Okay, it's always New
119 00:11:45,520 --> 00:11:49,900 York, and you can see the countdown to close on the price action for the
120 00:11:50,080 --> 00:11:58,180 candlestick. So you can't do those things on Market Replay, all right, so
121 00:11:58,180 --> 00:12:01,200 we're focusing on that low right there.
122 00:12:09,060 --> 00:12:17,280 Now you see how we're going up into the most recent down closed candle. I want
123 00:12:17,280 --> 00:12:23,540 to see it stay inside of that range. I don't want to see it go above the open
124 00:12:23,540 --> 00:12:30,920 of it. So I want to focus primarily on heaviness. I want to see the price have
125 00:12:31,820 --> 00:12:39,440 no strength overcoming the previous candles body. In other words, I don't
126 00:12:39,440 --> 00:12:43,360 even want to see it return to its wick. To me, that would indicate that this is
127 00:12:43,360 --> 00:12:49,060 absolutely going to roll over and smash through that low and it should have no
128 00:12:49,060 --> 00:12:56,500 problem reaching low enough to get that in the order, small little fair value,
129 00:12:56,500 --> 00:13:01,080 got it straight up into you see that here. So now with that, I absolutely
130 00:13:01,080 --> 00:13:05,340 want to see it just fall out of bed and just careen into that low.
131 00:13:06,720 --> 00:13:09,780 Or for the folks that aren't
132 00:13:11,160 --> 00:13:18,420 English majors, I want to see it drop down fast, aggressive from where it is
133 00:13:18,420 --> 00:13:24,080 right now, targeting that low that I have as an initial draw on liquidity
134 00:13:24,740 --> 00:13:30,140 post, 8:30am Eastern Time as an audio reminder you're seeing. Obviously, on my
135 00:13:30,140 --> 00:13:35,660 videos, there's a few scammers on Instagram. One has a large following
136 00:13:36,680 --> 00:13:40,960 pretending to be me. I'm not on Instagram, and I'm not doing a paid
137 00:13:40,960 --> 00:13:45,400 mentorship. So stop believing these jokers, and if you're giving them money,
138 00:13:45,520 --> 00:13:46,240 you're an idiot. All
139 00:13:52,540 --> 00:13:55,300 right, now think about what I was walking you through as we were trading
140 00:13:55,300 --> 00:14:04,500 up at the highs. Okay, see that that is actually turtle soup, and I will be
141 00:14:04,500 --> 00:14:10,920 teaching that in an upcoming lecture. It ain't the guy on Twitter teaching you
142 00:14:10,920 --> 00:14:16,260 the secrets of turtle soup. And it's no, it's not when the rash version, either.
143 00:14:16,260 --> 00:14:22,820 Everybody out here scrambling make a name for themselves on borrowed hand. Me
144 00:14:22,820 --> 00:14:28,580 Down logic from good old ICT. So each is usually where we classically flirt with
145 00:14:28,580 --> 00:14:37,220 it. So I'm gonna add my typical facetious little remark. It says,
146 00:14:37,220 --> 00:14:43,900 prepare yourself for another random
147 00:14:45,160 --> 00:14:47,260 act of precision.
148 00:14:52,420 --> 00:14:59,920 Now we just sit here and wait. It's inevitable, right?
149 00:15:02,100 --> 00:15:03,900 It's gonna get fucking all the time.
150 00:15:18,720 --> 00:15:21,200 It should leave this candle or the next for sure,
151 00:15:26,480 --> 00:15:29,900 looks heavy and
152 00:15:32,720 --> 00:15:40,960 look at this, look at this guy. Go. All right, so now I'm going to show you what
153 00:15:40,960 --> 00:15:47,560 I'm really aiming for. I might not get it, but now, because I've done fairly
154 00:15:47,560 --> 00:15:51,280 well here, it doesn't matter if I, if I'm writing on this, I want to see it
155 00:15:51,280 --> 00:15:58,420 trade down to 760 and just to make sure I can get a nice exit not to worry about
156 00:15:58,420 --> 00:16:02,280 babysit it all day or tomorrow, if it needs to be I'll be just a little bit
157 00:16:02,280 --> 00:16:07,140 above that, 760 Okay, send my letters about that. Everything else stays the
158 00:16:07,140 --> 00:16:12,060 same. Hope you enjoyed it until talk to you next time. Be safe. Oh, by the way,
159 00:16:13,200 --> 00:16:15,780 lectures are coming. Just be patient. You.