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Last modified by Drunk Monkey on 2024-08-07 10:37
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4
5 == Outline ==
6
7 ##00:02 -## Trading NASDAQ with potential inversion fair value gap.
8
9 - ICT expects NASDAQ to drop, aims to sell short at 8:30 AM ET.
10 - ICT identifies potential short entry opportunity near 7:50am.
11 - ICT identifies inversion fair value gap, annotates with gradients.
12
13 ##07:28 -## Trading strategies and market analysis.
14
15 - ICT explains the concept of quadrants in trading, including the upper and lower quadrants, and how they relate to price action.
16 - ICT identifies potential trading opportunities based on the algorithm's behavior inside the upper and lower quadrants.
17 - ICT is focusing on a low at 926 and wants to see the price stay inside that range.
18 - ICT wants to see the price fall into the low at 926 without returning to its wick.
19 - ICT warns of scammers pretending to be him on Instagram.
20
21 == Transcription ==
22
23 (% class="hover min" %)
24 |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
25 |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
26 |3 |00:00:16,020 ~-~-> 00:00:23,600 |something to do with blood sugar. I've had some issues with my vision and
27 |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
28 |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
29 |6 |00:00:44,620 ~-~-> 00:00:53,020 |while, that buy side looks safe, that sell side imbalance I'm noting here, I
30 |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
31 |8 |00:00:58,180 ~-~-> 00:01:05,700 |and aim for the low form just after eight o'clock in the morning.
32 |9 |00:01:09,300 ~-~-> 00:01:10,200 |So
33 |10 |00:01:14,280 ~-~-> 00:01:19,380 |I see several things in here, inversion, pit, value gap that could happen. This
34 |11 |00:01:19,380 ~-~-> 00:01:22,340 |is the low,
35 |12 |00:01:29,360 ~-~-> 00:01:33,980 |8:30am Eastern Time.
36 |13 |00:01:40,340 ~-~-> 00:01:43,720 |This black and this black,
37 |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
38 |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
39 |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
40 |17 |00:02:02,640 ~-~-> 00:02:06,240 |that consequent encouragement is going to
41 |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
42 |19 |00:02:22,640 ~-~-> 00:02:23,000 |there.
43 |20 |00:02:30,620 ~-~-> 00:02:36,260 |Now I'm watching that last up close candle, the big, bold, green one. My
44 |21 |00:02:36,260 ~-~-> 00:02:40,600 |eyes looking right to close that candlestick. And that's a rejection
45 |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
46 |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
47 |24 |00:03:00,000 ~-~-> 00:03:07,380 |it is a volume imbalance I'm going to add into that right there,
48 |25 |00:03:09,000 ~-~-> 00:03:11,640 |and it might
49 |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
50 |27 |00:03:20,780 ~-~-> 00:03:28,280 |this volume imbalance for you. Now, volume and balance is the weakest in
51 |28 |00:03:28,280 ~-~-> 00:03:34,940 |terms of the flexibility on all my PD arrays, so I'm completely comfortable
52 |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
53 |30 |00:03:44,260 ~-~-> 00:03:47,200 |either target means of managing a stop loss. So
54 |31 |00:03:51,100 ~-~-> 00:03:54,280 |these things always get it where I want it.
55 |32 |00:03:55,540 ~-~-> 00:03:56,680 |It's never rare I want it.
56 |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
57 |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
58 |35 |00:04:19,080 ~-~-> 00:04:24,020 |candle, the biggest green one before it turned and rolled over here, I'll take
59 |36 |00:04:24,020 ~-~-> 00:04:31,820 |that as a an additional short entry, the stop loss is safe. So
60 |37 |00:04:35,000 ~-~-> 00:04:39,860 |just want to draw special attention to that
61 |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
62 |39 |00:04:48,820 ~-~-> 00:04:52,060 |candles back, and there is
63 |40 |00:04:53,740 ~-~-> 00:04:56,380 |what looks like the rejection block, right
64 |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
65 |42 |00:05:01,619 ~-~-> 00:05:04,919 |dime. If it's truly, in fact, a rejection block, it should, in fact,
66 |43 |00:05:05,219 ~-~-> 00:05:09,419 |drop and fall away from here and start gravitating towards that low I was
67 |44 |00:05:09,419 ~-~-> 00:05:10,139 |looking for.
68 |45 |00:05:17,220 ~-~-> 00:05:19,140 |Okay, so far so good. I'm
69 |46 |00:05:29,540 ~-~-> 00:05:33,260 |now this becomes a premium array, where if it trades away from it on the
70 |47 |00:05:33,260 ~-~-> 00:05:40,900 |downside, if it comes back up into it, it should act as resistance. Because now
71 |48 |00:05:40,900 ~-~-> 00:05:45,580 |the narratives in play, and there you go. Look at that. It's almost like
72 |49 |00:05:45,580 ~-~-> 00:05:50,860 |voodoo, all right. So I'm looking at the bottom balance outside of efficiency
73 |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.
74 |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.
75 |52 |00:06:01,260 ~-~-> 00:06:05,340 |I'm not so much concerned about it ripping and, you know, reversing higher,
76 |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
77 |54 |00:06:11,820 ~-~-> 00:06:16,080 |that body side and imbalance, cell side and efficiency morph into a
78 |55 |00:06:19,139 ~-~-> 00:06:24,559 |just be a little facetious here no ICT video was complete without it, and
79 |56 |00:06:26,000 ~-~-> 00:06:31,100 |that botched and balanced cell sided efficiency, I want to see that act as a
80 |57 |00:06:31,100 ~-~-> 00:06:37,460 |inversion fair value gap. So inversion fair value gaps are typically shown in
81 |58 |00:06:37,460 ~-~-> 00:06:43,660 |my educational examples the teachings. I usually annotate them as an orange hued
82 |59 |00:06:44,140 ~-~-> 00:06:53,080 |rectangle. So while this here, see that candle is high, that candle is low, that
83 |60 |00:06:53,080 ~-~-> 00:06:59,680 |candle is high, that candle is low. The folks that think these are Lakota diva
84 |61 |00:06:59,680 ~-~-> 00:07:02,760 |woods, that they could just trade back down into them and go back up because
85 |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
86 |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
87 |64 |00:07:10,440 ~-~-> 00:07:13,800 |as an inversion fair value gap. And Chris Laurie doesn't teach that, by the
88 |65 |00:07:13,800 ~-~-> 00:07:20,840 |way, he might start doing it now, because mine works a lot better, but the
89 |66 |00:07:21,440 ~-~-> 00:07:28,460 |inversion fair value gap here, I want to annotate that and put gradients inside
90 |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
91 |68 |00:07:32,180 ~-~-> 00:07:37,820 |quadrant, consequent crochet, which is midpoint, and then there is the lower
92 |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
93 |70 |00:07:42,700 ~-~-> 00:07:45,760 |here. So that's normal, that's consequence encroachment. And here's the
94 |71 |00:07:45,760 ~-~-> 00:07:49,960 |FIB settings. You want to screenshot that. And now there's the quadrants
95 |72 |00:07:49,960 ~-~-> 00:07:53,560 |inside of that. This is not quarters theory, and quarters theory is a joke.
96 |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
97 |74 |00:07:57,400 ~-~-> 00:08:01,320 |another gimmick. Watch and see what the difference is here. Okay, this is not
98 |75 |00:08:01,320 ~-~-> 00:08:05,400 |quarters theory. You'll never see anyone teaching this outside of me and my
99 |76 |00:08:05,400 ~-~-> 00:08:09,780 |lectures and anything. After I've taught it in mentorship. Then you see all these
100 |77 |00:08:09,780 ~-~-> 00:08:15,480 |little scribes and copycats. Let me copy this little William and balance in here.
101 |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
102 |79 |00:08:20,060 ~-~-> 00:08:22,160 |don't want to see it close above the up quadrant.
103 |80 |00:08:24,560 ~-~-> 00:08:26,840 |Picking these up. Oh, there's the up quadrant.
104 |81 |00:08:28,879 ~-~-> 00:08:35,479 |I said that should be enough. Now, from a narrative standpoint, the algorithm
105 |82 |00:08:35,479 ~-~-> 00:08:40,659 |should start to spool lower, and there's a little short term low bring below,
106 |83 |00:08:42,879 ~-~-> 00:08:47,619 |right at 820 or so. That's also inside of another buy side, available time,
107 |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
108 |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
109 |86 |00:08:57,339 ~-~-> 00:09:03,599 |trade above the upper quadrant of that inversion? Fair Value. Here's the low I
110 |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
111 |88 |00:09:08,699 ~-~-> 00:09:14,999 |another factor to look for and study. Is price gravitating to this level. If I
112 |89 |00:09:14,999 ~-~-> 00:09:19,919 |was extremely insecure as a new developing student, I would look to take
113 |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
114 |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
115 |92 |00:09:29,539 ~-~-> 00:09:30,379 |trying to reach for.
116 |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
117 |94 |00:09:43,540 ~-~-> 00:09:47,500 |algorithm does exist, and it does want to go lower, that should just go right
118 |95 |00:09:47,500 ~-~-> 00:09:52,540 |down there and then accelerate through it, not just poke its tail in the water
119 |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
120 |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
121 |98 |00:10:03,180 ~-~-> 00:10:09,600 |to see some big, down, close candles, expansion lower. That'll confirm to me
122 |99 |00:10:09,600 ~-~-> 00:10:17,400 |that we will absolutely have no problem reaching the 926, level and little bit
123 |100 |00:10:17,400 ~-~-> 00:10:17,880 |lower. I'll, I'll
124 |101 |00:10:19,200 ~-~-> 00:10:20,600 |put a limit order below that.
125 |102 |00:10:24,320 ~-~-> 00:10:27,920 |Right now, I'm focusing on what we're seeing here, and that's beautiful.
126 |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
127 |104 |00:10:33,140 ~-~-> 00:10:33,860 |like that now.
128 |105 |00:10:35,120 ~-~-> 00:10:36,500 |So probably just got lucky, and
129 |106 |00:10:39,620 ~-~-> 00:10:43,000 |now you got to see the comment section. These guys love these little comments.
130 |107 |00:10:48,700 ~-~-> 00:10:52,780 |And just for the sake of answering, the folks that constantly leave little
131 |108 |00:10:52,780 ~-~-> 00:10:58,720 |comments and even messed up here, okay, that colors costs. And the reason why
132 |109 |00:10:58,720 ~-~-> 00:11:01,780 |you don't see comments, even though it looks like the comment sections open, is
133 |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
134 |111 |00:11:05,760 ~-~-> 00:11:08,640 |any comments? I've banned those individuals so I'll never see your
135 |112 |00:11:08,640 ~-~-> 00:11:12,180 |comments again, and usually they're from people that aren't really subscribed to
136 |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,
137 |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
138 |115 |00:11:22,340 ~-~-> 00:11:30,020 |15 scheduled to come off under that low. So far, everything just looks absolutely
139 |116 |00:11:30,260 ~-~-> 00:11:36,560 |gorgeous. Markets open, no Market Replay. They don't play that game right
140 |117 |00:11:36,560 ~-~-> 00:11:41,560 |here, I had a person asking, Can you move that thing, what are you hiding?
141 |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
142 |119 |00:11:45,520 ~-~-> 00:11:49,900 |York, and you can see the countdown to close on the price action for the
143 |120 |00:11:50,080 ~-~-> 00:11:58,180 |candlestick. So you can't do those things on Market Replay, all right, so
144 |121 |00:11:58,180 ~-~-> 00:12:01,200 |we're focusing on that low right there.
145 |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
146 |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
147 |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
148 |125 |00:12:31,820 ~-~-> 00:12:39,440 |no strength overcoming the previous candles body. In other words, I don't
149 |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
150 |127 |00:12:43,360 ~-~-> 00:12:49,060 |absolutely going to roll over and smash through that low and it should have no
151 |128 |00:12:49,060 ~-~-> 00:12:56,500 |problem reaching low enough to get that in the order, small little fair value,
152 |129 |00:12:56,500 ~-~-> 00:13:01,080 |got it straight up into you see that here. So now with that, I absolutely
153 |130 |00:13:01,080 ~-~-> 00:13:05,340 |want to see it just fall out of bed and just careen into that low.
154 |131 |00:13:06,720 ~-~-> 00:13:09,780 |Or for the folks that aren't
155 |132 |00:13:11,160 ~-~-> 00:13:18,420 |English majors, I want to see it drop down fast, aggressive from where it is
156 |133 |00:13:18,420 ~-~-> 00:13:24,080 |right now, targeting that low that I have as an initial draw on liquidity
157 |134 |00:13:24,740 ~-~-> 00:13:30,140 |post, 8:30am Eastern Time as an audio reminder you're seeing. Obviously, on my
158 |135 |00:13:30,140 ~-~-> 00:13:35,660 |videos, there's a few scammers on Instagram. One has a large following
159 |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
160 |137 |00:13:40,960 ~-~-> 00:13:45,400 |mentorship. So stop believing these jokers, and if you're giving them money,
161 |138 |00:13:45,520 ~-~-> 00:13:46,240 |you're an idiot. All
162 |139 |00:13:52,540 ~-~-> 00:13:55,300 |right, now think about what I was walking you through as we were trading
163 |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
164 |141 |00:14:04,500 ~-~-> 00:14:10,920 |teaching that in an upcoming lecture. It ain't the guy on Twitter teaching you
165 |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.
166 |143 |00:14:16,260 ~-~-> 00:14:22,820 |Everybody out here scrambling make a name for themselves on borrowed hand. Me
167 |144 |00:14:22,820 ~-~-> 00:14:28,580 |Down logic from good old ICT. So each is usually where we classically flirt with
168 |145 |00:14:28,580 ~-~-> 00:14:37,220 |it. So I'm gonna add my typical facetious little remark. It says,
169 |146 |00:14:37,220 ~-~-> 00:14:43,900 |prepare yourself for another random
170 |147 |00:14:45,160 ~-~-> 00:14:47,260 |act of precision.
171 |148 |00:14:52,420 ~-~-> 00:14:59,920 |Now we just sit here and wait. It's inevitable, right?
172 |149 |00:15:02,100 ~-~-> 00:15:03,900 |It's gonna get fucking all the time.
173 |150 |00:15:18,720 ~-~-> 00:15:21,200 |It should leave this candle or the next for sure,
174 |151 |00:15:26,480 ~-~-> 00:15:29,900 |looks heavy and
175 |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
176 |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
177 |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
178 |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
179 |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
180 |157 |00:16:02,280 ~-~-> 00:16:07,140 |above that, 760 Okay, send my letters about that. Everything else stays the
181 |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,
182 |159 |00:16:13,200 ~-~-> 00:16:15,780 |lectures are coming. Just be patient. You.