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

Last modified by Drunk Monkey on 2024-08-07 11:52

Summary

ICT and Unknown Speaker discuss trading strategies for the NASDAQ, including identifying opportunities through volume imbalance and inversion fair value gaps. ICT emphasizes the importance of these concepts, while Unknown Speaker questions the validity of quarters theory and expresses skepticism about the algorithm's ability to reach a target price of 926.

Action Items

[ ] Move limit order below identified price target.

[ ] Prepare to teach upcoming lectures on trading concepts discussed.

Outline

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.

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.