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ICT YT - 2024-08-15 - ICT 2024 Mentorship - Lecture 09

Last modified by Drunk Monkey on 2024-08-31 08:08
1 00:01:52 --> 00:01:54 ICT: Uh huh, a lovely lady lumps
2 00:01:55 --> 00:02:00 yeah. What's up? Good morning. Good morning. It's a good morning. It is a
3 00:02:00 --> 00:02:06 good morning. Miss OBS was sparring with me again before I can get the stream
4 00:02:06 --> 00:02:11 started. But that's okay. It's a little bit faster resolution for it this
5 00:02:11 --> 00:02:22 morning. Hope you're doing well. It's obviously we are in the Thursday trading
6 00:02:22 --> 00:02:28 session for indices. Our focus has been on the NASDAQ. As you can see on the
7 00:02:28 --> 00:02:32 right hand side, that is a one minute chart reacting off of some random level
8 00:02:35 --> 00:02:39 for the new week. I'm sorry, the new day opening gap. I
9 00:02:46 --> 00:02:53 and upper left hand corner, we have the 15 minute time frame and then the five
10 00:02:53 --> 00:03:05 minute time frame in the lower left. So we will be watching how we open. There's
11 00:03:05 --> 00:03:12 going to be a rather large gap, so we'll be annotating that real quick here. This
12 00:03:12 --> 00:03:17 is where we stop trading for regular trading session hours again, then lower
13 00:03:17 --> 00:03:23 right hand corner. That's what we're toggling and then we're gonna
14 00:03:42 --> 00:03:56 and we will use this. And then where we open up at 930 we will annotate that. So
15 00:03:56 --> 00:04:03 right now it's trading at 348 so if I grab that highlight it, hold down,
16 00:04:03 --> 00:04:08 control, drag away. And put it real close to that market price that we're at
17 00:04:08 --> 00:04:12 right now. When I go back to electronic trading hours, it'll be there for me to
18 00:04:13 --> 00:04:28 drop like that, and then I'll just change that now this and this will be
19 00:04:29 --> 00:04:35 set to whatever the first opening price is at 930 in about 55 seconds or less.
20 00:04:37 --> 00:04:44 So we have a rather large premium opening. This is a lot of lot of
21 00:04:44 --> 00:04:49 movement from where we settled on the day session yesterday versus where we're
22 00:04:49 --> 00:04:54 opening up. It doesn't mean always there's a complete return back to that,
23 00:04:54 --> 00:04:58 that level down here, but we will look for indications that it will try to do
24 00:04:58 --> 00:05:03 that. And right away, my. Interest is, I'd like to see this traded too. It need
25 00:05:03 --> 00:05:07 not do anything in here. We're not trying to pick the top as I was talking
26 00:05:07 --> 00:05:14 about yesterday. We want to see how the opening range. Opening range is the
27 00:05:14 --> 00:05:18 first 30 minutes from 930 to 10am New York local time. If your time when
28 00:05:18 --> 00:05:22 you're trading view platform is not set to New York. You need to set it to that.
29 00:05:23 --> 00:05:27 That way, everything that you're learning in this YouTube channel is
30 00:05:27 --> 00:05:37 germane. Here we are. So the opening price is 352 so I got to do is change it
31 00:05:37 --> 00:05:44 to 352 all better, baby, right there. So now what what we're doing? We're just
32 00:05:44 --> 00:05:56 going to watch and see. Does it have a run above the high here? That's where
33 00:05:56 --> 00:06:07 our buy side liquidity is left.
34 00:06:15 --> 00:06:22 Okay, so we're just going to sit and relax. I have an appointment at 1045
35 00:06:23 --> 00:06:29 that I have to make. So we'll be going to around 1030 probably a few minutes
36 00:06:29 --> 00:06:36 before 1030 so I'll sit with you through the the first 30 minutes after 10 so
37 00:06:36 --> 00:06:40 hopefully we'll see some kind of a silver bullet I can walk with walk you
38 00:06:40 --> 00:06:40 through.
39 00:07:00 --> 00:07:03 And we have small little gap that we traded into here. We'll see if that
40 00:07:03 --> 00:07:06 provides a means of engaging liquidity there. I'm
41 00:07:32 --> 00:07:40 there you go. So that's one of those really easy bread and butter setups. We
42 00:07:40 --> 00:07:46 can see that there's a pool of liquidity they're gonna they're gonna feed that's
43 00:07:46 --> 00:07:46 Bailey.
44 00:07:51 --> 00:07:55 Hang on one second. Let me text my wife and tell her to kennel you.
45 00:08:35 --> 00:08:45 All right, so we had our little initial run after big pop at 830, completely
46 00:08:45 --> 00:08:49 random. Who could expect something like that to occur? We have this volume
47 00:08:49 --> 00:08:53 imbalance between these two bodies here. We treat it back up into that trading
48 00:08:53 --> 00:09:05 there, and we have relative equal lows from here to here study that. So the
49 00:09:05 --> 00:09:13 relative equal highs here, we saw it run above that, that small little gap right
50 00:09:13 --> 00:09:20 there, small little one right there. Oh, I laid it for you. I just, can just
51 00:09:20 --> 00:09:27 going to maximize this chart. We'll work with this one.
52 00:09:37 --> 00:09:41 Keep it neutral. I don't want to influence you with the color, but I
53 00:09:41 --> 00:09:50 don't need that following. So as we traded on to this here, I took your
54 00:09:50 --> 00:09:54 attention there after, obviously it was sitting like right in here, but that
55 00:09:54 --> 00:10:01 right there is still a point of entry, because you have a. Low, high, low or
56 00:10:01 --> 00:10:07 low, you're in the breaker that could have been used as a more or less the
57 00:10:07 --> 00:10:10 fair value gap. Does it respond off of it? Yes, you don't need the candle to
58 00:10:10 --> 00:10:16 close. And then the liquidity was here. So looking at from this area here,
59 00:10:18 --> 00:10:22 rallying up to take that liquidity, that's your first
60 00:10:28 --> 00:10:34 screenshot you want to take and annotate that Caleb and have how much time it
61 00:10:34 --> 00:10:39 took to run? Obviously, it doesn't take much. It's like one minute. How much
62 00:10:39 --> 00:10:44 heat was on that fair value gap zero, and then there's immediate run to
63 00:10:44 --> 00:10:50 liquidity. So now, because we've had this run here, and we've had the big run
64 00:10:50 --> 00:10:56 up over the last few actually, like a week and a half, now, it's been going
65 00:10:56 --> 00:11:05 higher. We had an 830 impulsive price run, creating the high here we opened
66 00:11:08 --> 00:11:17 930 brand of buy side here, what's this? What is this? Right here?
67 00:11:22 --> 00:11:29 I a premium wick. We're studying the buy side in here. We want to see, does it
68 00:11:29 --> 00:11:34 want to come back? Because think about everybody that's long they're going to
69 00:11:34 --> 00:11:38 trail their stop losses. Where are they going to jam them up to right below
70 00:11:38 --> 00:11:44 here. So anyone that wanted to break out and go long, they're going to do it on a
71 00:11:44 --> 00:11:50 break out above here. So they're in now. They already have people on the board,
72 00:11:50 --> 00:11:57 net long and where are they going to put their stop loss, right below here, all
73 00:11:57 --> 00:12:04 under here. And the carryover from yesterday and this morning at 830 when
74 00:12:04 --> 00:12:12 we had the run up here off of today's new day, opening, gap rally,
75 00:12:12 --> 00:12:18 institutional order, flow entry drill, Breakaway gap. This is where a bull flag
76 00:12:18 --> 00:12:24 does work and then runs up this gap right here, and the liquidity, my focus
77 00:12:24 --> 00:12:28 is here. I'm not trying to pick the top, but what I'm looking for is I want to
78 00:12:28 --> 00:12:35 see, can we break below this gap that's in yellow? Okay, that's where my focus
79 00:12:35 --> 00:12:41 is. My eye is there because I want to see, do we get below it? Come back up
80 00:12:41 --> 00:12:45 and treat it as an inversion fair value gap that sends us into the liquidity
81 00:12:45 --> 00:12:52 here and into this gap right there. So for the morning session, it's too rich,
82 00:12:52 --> 00:12:57 too expensive right now to want to buy it. We have a gap higher opening. We've
83 00:12:57 --> 00:13:02 had an initial run to buy side. I'm not chasing that. So we're back in the same
84 00:13:02 --> 00:13:08 criteria that we were on. Was it Tuesday? So I will not buy premium like
85 00:13:08 --> 00:13:13 this. This is, this is too rich, too expensive. And again, same thing. If it
86 00:13:13 --> 00:13:17 wants to run, it'll run without me, and I'll wait later on, in the morning, 10
87 00:13:17 --> 00:13:20 o'clock, I'll do something with the silver bullet there. It's always there.
88 00:13:21 --> 00:13:26 It's never, it's never, not in the charts. Okay, so we have one more bump
89 00:13:26 --> 00:13:37 above the high. And let me draw out the this is where my interest is for the
90 00:13:37 --> 00:13:38 morning session. Thus far, I'm
91 00:13:47 --> 00:13:54 and I don't know why I did that should be this color. There you go. I
92 00:14:04 --> 00:14:13 So what we have here is we have low, high, low breaker. Breakers inside of
93 00:14:13 --> 00:14:17 the new day opening gap. That's this level here, in that level, here we
94 00:14:17 --> 00:14:27 consolidate, we drop down 830 boom takes off, leaves a gap here, relative equal
95 00:14:27 --> 00:14:34 lows here, the highs have been taken. So what we're watching is the market being
96 00:14:34 --> 00:14:38 made jagged on the upside after a large gap opening again. You can see that
97 00:14:38 --> 00:14:43 here. See that big gap between where we settled yesterday and where we are here.
98 00:14:44 --> 00:14:50 So that's why my interest is at that fair value gap and the that low, because
99 00:14:50 --> 00:14:54 it's only been a consolidation run to the liquidity come back of a small,
100 00:14:54 --> 00:14:59 little retracement, and then rally once more. So we're really we're really
101 00:14:59 --> 00:15:06 expensive. Very, very expensive. And a lot of traders with deeper pockets are
102 00:15:06 --> 00:15:10 going to wait for a discount, and they're not interested in trying to buy
103 00:15:10 --> 00:15:15 these inflated prices. The public, the street, you know, the street money, or
104 00:15:15 --> 00:15:19 quote, unquote dumb money. They'll, they'll buy it every single time it does
105 00:15:19 --> 00:15:24 this, because they're, they're buying momentum, or they're shorting weakness.
106 00:15:24 --> 00:15:29 So they're, they're cheap, they're always, perpetually chasing price. And
107 00:15:29 --> 00:15:33 as a professionally minded speculator analyst, you want to be looking for
108 00:15:33 --> 00:15:39 cheap, discounted prices to buy, and you want to sell expensive, premium priced
109 00:15:39 --> 00:15:44 instruments. So it's very important to have those rules and write those things
110 00:15:44 --> 00:15:51 down in your journal. Nothing forces you to pay too much. Nothing should make you
111 00:15:51 --> 00:15:54 feel like you're going to miss out, so you're willing to pay a higher price for
112 00:15:54 --> 00:16:00 it. If you have that rule in your trading, it's going to prevent a lot of
113 00:16:00 --> 00:16:06 hard, heartache and hardships, because chasing price is never a good thing.
114 00:16:07 --> 00:16:11 Very, very few and far between. Are there instances where chasing it and it
115 00:16:11 --> 00:16:16 runs, you know, five, 608 points. It's very rare that it does that, but it's
116 00:16:16 --> 00:16:20 more likely that it does these little go up, breakout, get people caught long,
117 00:16:20 --> 00:16:25 and if they didn't get enough on that pass, here they have it now. So we have
118 00:16:25 --> 00:16:30 123, now we have it with the candle layer. So we have three, three drives,
119 00:16:30 --> 00:16:36 pattern higher inside liquidity. All of this is made jagged now. And I want to
120 00:16:36 --> 00:16:41 see, can we get into this below it cheated as inversion, fair value gap, as
121 00:16:41 --> 00:16:45 long as it doesn't trade below these lows or into this gap here, I'd like to
122 00:16:45 --> 00:16:49 see it use that as a catalyst to bring us down into that and then,
123 00:16:50 --> 00:16:53 hypothetically, Caleb, what you would say is I want to see if it does these
124 00:16:53 --> 00:16:57 very things. This would be a screenshot that goes down there after King off
125 00:16:57 --> 00:17:02 that. That's a screenshot for a short idea, but you're not demoing it. You're
126 00:17:02 --> 00:17:06 not in any kind of actual trade. You're just watching it. And then you would
127 00:17:06 --> 00:17:10 say, okay, partial taken here. And then you would look to see if it wants to get
128 00:17:10 --> 00:17:15 down into this one. But you're taking one step at a time. You're not trying to
129 00:17:15 --> 00:17:20 go in here and pick the top. You're not trying to you call the top. You're
130 00:17:20 --> 00:17:25 looking for signatures to support an idea that you're hunting that will be
131 00:17:25 --> 00:17:29 part of your repertoire and your model. You're not forcing your idea. You're not
132 00:17:29 --> 00:17:31 arm wrestling. You're not trying to impose your will. You're not saying it
133 00:17:31 --> 00:17:36 has to happen. You're watching to see if these things do in fact, form in price
134 00:17:36 --> 00:17:44 action. Gotta be really, really relaxed. Try not to expect everything to pan out
135 00:17:47 --> 00:17:56 to your wishes every day, because it's not going to be like that always. Okay?
136 00:17:56 --> 00:18:06 Small little gap right here between that candle and this candle high I
137 00:18:17 --> 00:18:21 keep telling myself, pour my water into a cup that wasn't it's not always making
138 00:18:21 --> 00:18:30 that noise, but just think of it as ICT, s, Amr. I got people to leave comments
139 00:18:30 --> 00:18:34 say, I like when you whisper. I wish you would talk your commentary and whispers.
140 00:18:35 --> 00:18:41 Then I have other people saying, dude, why you whispering? I'm creeped out. And
141 00:18:41 --> 00:18:46 you think, I'm bipolar, my audience is bipolar, and never, you know they're
142 00:18:46 --> 00:18:48 never they're never satisfied. I
143 00:19:07 --> 00:19:11 Okay, one more pass into the original buy side right here.
144 00:19:17 --> 00:19:21 If you look back at what we've been doing since Tuesday, as I mentioned on
145 00:19:21 --> 00:19:24 that day, I said even it wants, even if it wants to keep going higher, it's
146 00:19:24 --> 00:19:29 okay. We're not trying to pick a top. We're not trying to pick a bottom, but
147 00:19:29 --> 00:19:36 we're looking for logic to frame a a form of study that will helpfully,
148 00:19:36 --> 00:19:42 hopefully and help formulate a routine that we go into price and we look for
149 00:19:42 --> 00:19:46 these types of things to occur, and if they are not in the chart, you're
150 00:19:46 --> 00:19:53 sitting still. It doesn't mean you your sub par, sub standard not able to trade,
151 00:19:53 --> 00:19:56 because you're not looking at every one of these fluctuations and knowing it's
152 00:19:56 --> 00:20:01 going to do it. That's irrelevant right now, the information. Is too premature,
153 00:20:02 --> 00:20:07 and we're waiting. So I'm framing it on. I want to see it get below here. If it
154 00:20:07 --> 00:20:11 keeps going higher, that's okay. I'll wait for more information, because 10
155 00:20:11 --> 00:20:16 o'clock silver bullet, that's our main focus for the day. But we're watching
156 00:20:16 --> 00:20:20 and observing the opening range, how we're behaving initially with the
157 00:20:20 --> 00:20:24 liquidity sell side, which I should have this annotated, I apologize.
158 00:20:36 --> 00:20:54 You. Uh, now, when we were looking at this gap here, as I was mentioning it, I
159 00:20:54 --> 00:20:59 would have preferred to see this go and not come back down to that again. The
160 00:21:00 --> 00:21:04 fact that it came down like that, to me is problematic. I don't want to see a
161 00:21:04 --> 00:21:10 run do that. And it just feels like they keep sending it higher, sending it
162 00:21:10 --> 00:21:16 higher. And all of this is work to get people in, going long or stopping out
163 00:21:16 --> 00:21:22 anyone that's already short. So this is these types of days, or these types of
164 00:21:22 --> 00:21:27 conditions. In early part of the session, you see people complain, Oh,
165 00:21:27 --> 00:21:30 they're chopping me up. I get, I get, keep getting stopped out. I don't know.
166 00:21:30 --> 00:21:34 It's just, you know, the CHOP is, you know, really messing me up. You just,
167 00:21:34 --> 00:21:39 you have to learn to wait. It's nothing, nothing going on, just because we
168 00:21:39 --> 00:21:44 annotate the gaps and the runs where it could reach to that's not your trade
169 00:21:44 --> 00:21:49 setup. That's not Caleb setup. It's just worth studying delivery, how it behaves.
170 00:21:49 --> 00:21:54 Is it able to hold on to these levels once they're being booked like we're I'm
171 00:21:54 --> 00:22:00 studying this. This is where my my eye is. I'm looking at how price is held.
172 00:22:01 --> 00:22:02 Above here,
173 00:22:16 --> 00:22:22 all of this, I'm viewing that as potentially just a trap, keeping the
174 00:22:22 --> 00:22:26 market there, holding it there and then, because it won't rally, or if it doesn't
175 00:22:26 --> 00:22:30 rally to say it that way, doesn't if it doesn't go higher and paragraph, we
176 00:22:30 --> 00:22:36 start running away higher. It's more likely that this is just being kind of
177 00:22:36 --> 00:22:41 like a snare, holding traders in the hope that it's going to keep going
178 00:22:41 --> 00:22:44 higher, because we had this big run at 830 they feel like they missed the move
179 00:22:44 --> 00:22:52 we opened at 930 small little decline into a fair value gap and then back up
180 00:22:52 --> 00:22:57 into the the buy side. So we we're working this area above this high, but
181 00:22:57 --> 00:23:04 are we seeing any immediate runs higher since then, not yet it can. But I don't
182 00:23:04 --> 00:23:09 want to trade this early, because these are generally times where you can get
183 00:23:09 --> 00:23:12 caught off guard or offside. That means you're on the wrong side of the
184 00:23:12 --> 00:23:19 marketplace. So I would rather err on the side of caution and wait for the
185 00:23:19 --> 00:23:23 information I've already given you. I want to see this gap trade down through
186 00:23:23 --> 00:23:27 it, treat it as inversion, fair value gap, and reach for this liquidity and
187 00:23:27 --> 00:23:31 maybe get as far as down here, and it can still go higher. Just look at how it
188 00:23:31 --> 00:23:39 traded yesterday. Okay, so give me another higher high. So same thing here.
189 00:23:39 --> 00:23:44 I'm still viewing this as all of this could be 10, could potentially just be
190 00:23:44 --> 00:23:50 holding traders in, trapping them at a higher price, and then break them lower,
191 00:23:51 --> 00:23:54 because they could do two things by doing that. Number one, it's going to
192 00:23:54 --> 00:23:57 cause pain for anyone that bought a breakout. I'm not interested in buying a
193 00:23:57 --> 00:24:03 breakout if, if it Rawlings and keeps going higher. It's okay. It's a move
194 00:24:03 --> 00:24:07 that I'm not a part of. Go back to the lecture I gave on Tuesdays live stream.
195 00:24:07 --> 00:24:15 I guess that would be what the seventh just look at whatever Tuesday's date is,
196 00:24:16 --> 00:24:21 and that that lecture talks about what I'm willing to endure, what I'm looking
197 00:24:21 --> 00:24:25 for, what I will not be interested in trading on, and when I let price go
198 00:24:25 --> 00:24:33 without me. So because we've had this big run up since 830 let's put something
199 00:24:33 --> 00:24:42 back in the chart again. This is all euphoria, and then we had a high we
200 00:24:42 --> 00:24:47 open. Traded above it, traded above it, traded above it, traded now we're here.
201 00:24:48 --> 00:24:51 I'm not interested in taking that long. I don't want to buy this. I don't want
202 00:24:51 --> 00:24:55 to I wouldn't take a fair value gap in here to go down into the trade higher,
203 00:24:55 --> 00:25:00 because it's too long in the tooth. That means it's too far straight. Reached
204 00:25:00 --> 00:25:05 out, and it's more likely to try to revert back to a fair value. What is
205 00:25:05 --> 00:25:12 that? Where liquidity is below lows, below lows, gaps relative equal lows.
206 00:25:13 --> 00:25:18 This gap here, this consolidation, there's a lot of liquidity and interest
207 00:25:18 --> 00:25:22 to protect a long position right right below here, because it's moved up a lot,
208 00:25:22 --> 00:25:26 real quick. So traders are going to want to place in their stop loss just below
209 00:25:26 --> 00:25:30 that, to protect and preserve the majority of all this move. If they were
210 00:25:30 --> 00:25:33 happy or lucky enough to be part of it.
211 00:25:42 --> 00:26:05 I'm okay, 950
212 00:26:15 --> 00:26:19 just about nine minutes before silver bullet, 10 o'clock hour begins. I
213 00:26:26 --> 00:26:27 i 52 year old bones cracking. Just
214 00:26:41 --> 00:26:49 want to take a peek at ES. So ES is lagging a little bit, so that means it's
215 00:26:49 --> 00:26:57 probably going to either see NQ stay at its highs and allow ES to catch up,
216 00:26:59 --> 00:27:04 meaning that, yes, it should be going above this high. But if we start to see
217 00:27:05 --> 00:27:13 NASDAQ break down and es fails to go this high or higher, we have
218 00:27:19 --> 00:27:26 my eyes going here. So if it's going here, I like that gap for ES. So for
219 00:27:26 --> 00:27:32 those that are watching es, just look at it like this. It's easier to for me to
220 00:27:32 --> 00:27:35 draw that level there, but it still might first initially take out that
221 00:27:35 --> 00:27:41 high, because we have NASDAQ flexing today, strutting our shit.
222 00:28:00 --> 00:28:04 Remember, we're not trying to pick the end of the up move, because it's an
223 00:28:04 --> 00:28:11 election year. I told you many times, even in Twitter spaces last year and the
224 00:28:11 --> 00:28:16 year before election years, they tried to pump up the stock market because they
225 00:28:16 --> 00:28:20 like to make the incumbent president look like they've done well for the
226 00:28:20 --> 00:28:24 economy. But the stock market is not indicative of a measurement of the
227 00:28:24 --> 00:28:30 economy. It's just a speculative Casino. So it's kind of like a built in self
228 00:28:30 --> 00:28:40 fulfilling prophecy. Election years tend to have a built in by model. It just
229 00:28:40 --> 00:28:43 keeps going higher, pressing higher. It's easier for the market to go higher
230 00:28:44 --> 00:28:46 on election years than it is to drop.
231 00:28:51 --> 00:28:56 And you add that to the built in premise that stocks are meant to go up, the
232 00:28:56 --> 00:29:00 market's meant to go up. It's you're fighting on a losing battle if you're
233 00:29:00 --> 00:29:04 trying to, you know, trying to short every instance that the market gives you
234 00:29:04 --> 00:29:10 some kind of a broken wing tactic, like, oh, look, I'm, I'm about to go down, and
235 00:29:10 --> 00:29:14 you go in, you try to short it. You get chopped up like this, which is why I
236 00:29:14 --> 00:29:19 have adopted models where I have to see certain things traded to and then you
237 00:29:19 --> 00:29:24 got folks that may listen to this or watch it, and they'll say, this guy,
238 00:29:24 --> 00:29:26 this guy doesn't know where the market's going. I know where it's going. It's
239 00:29:26 --> 00:29:30 going to keep pushing and squeezing against people that want to go short,
240 00:29:31 --> 00:29:35 because everything tells me that's wanting to go down here. But I have to
241 00:29:35 --> 00:29:41 wait for it to stop doing this part of it. And my rules say it's gotta give me
242 00:29:41 --> 00:29:46 this first. Well, you're you're missing out on all this. Are you in it? Did you
243 00:29:46 --> 00:29:52 go long? I'm not taking anything unless it makes sense, because I don't want to
244 00:29:52 --> 00:29:55 take a trade. I don't want to go into a trade. I don't want to have a an
245 00:29:55 --> 00:30:01 emotional tie or concern about the outcome of price flow. Situation unless
246 00:30:01 --> 00:30:05 it fits the criteria that I anticipate seeing, and if it doesn't have those,
247 00:30:06 --> 00:30:11 those hallmarks, those indications, what am I doing? I'm gambling. Then, if
248 00:30:11 --> 00:30:15 that's what, I'm not following a rule, if I'm not following a model, then I'm
249 00:30:15 --> 00:30:22 just chasing price. And that's stupidity. We already know that there's
250 00:30:22 --> 00:30:26 a likelihood for it to keep going higher. But even if it does go higher,
251 00:30:27 --> 00:30:31 it has to drop and have some kind of a retracement, some price swing that
252 00:30:31 --> 00:30:37 upsets liquidity on the on the downside, sell side, sell side has to be engaged.
253 00:30:37 --> 00:30:46 Because my mentality is, I know that entities with larger pools of income and
254 00:30:47 --> 00:30:53 equity and money to put on a trade better and greater than I do, they're
255 00:30:53 --> 00:30:57 not willing to take any interest in the market when it's rallying initially,
256 00:30:57 --> 00:31:02 right out there opening up this it would rather be more likely that they'll wait
257 00:31:02 --> 00:31:06 for the market to come back and go into a pool of liquidity where there's deeper
258 00:31:06 --> 00:31:10 discounted prices, and that's always going to be below old lows, singular or
259 00:31:10 --> 00:31:17 relatively equal lows. And waiting for those instances is far better than just
260 00:31:17 --> 00:31:21 simply saying it keeps going up. Just keeps going up. Let me just get in here,
261 00:31:21 --> 00:31:23 because it might just keep going it could you going. It could it could keep,
262 00:31:23 --> 00:31:28 just keep great on going up today and just like on Tuesday. I don't care. I
263 00:31:28 --> 00:31:32 don't care about that, because I'm not trying to be just a part of the move. I
264 00:31:32 --> 00:31:37 want to be in a setup that I have framed with logic that I've recognized, I've
265 00:31:37 --> 00:31:41 seen before, and I'm not just going in there for the sake of I want to put
266 00:31:41 --> 00:31:46 another coin in the slot machine to see if I can get a jackpot today. That's
267 00:31:46 --> 00:31:55 gambling. So in other words, it has to make sense, or I'm not doing it. I'll
268 00:31:55 --> 00:31:58 let other people out there demo and do the trades and try to fade me and say, I
269 00:31:58 --> 00:32:02 did this. But you won't have any logic behind it. It was just because you
270 00:32:02 --> 00:32:07 wanted to say you did something different. I was reading Tom just chat
271 00:32:08 --> 00:32:14 yesterday while I was going back over the people I like looking at, and I'm
272 00:32:14 --> 00:32:17 reading the comments or saying, ICT doesn't know where, where the market's
273 00:32:17 --> 00:32:20 going to go. Even ICT is doesn't even know where the market's going. I was
274 00:32:20 --> 00:32:24 outlining it yesterday. These people are really, really, really funny.
275 00:32:36 --> 00:32:47 Let's take a peek at the let's look at the weekly chart.
276 00:32:58 --> 00:32:58 Right here. I'm
277 00:33:06 --> 00:33:13 so 440, 4.5 is that what that is? It looks like it
278 00:33:19 --> 00:33:28 all right, and now we can go so we're trading in the middle or consequent
279 00:33:28 --> 00:33:33 correction of that weekly gap, or weekly wick, which we treat as a gap. So I want
280 00:33:33 --> 00:33:36 to see, does it start to peter out and run out of steam? Here I'm
281 00:33:43 --> 00:33:50 it powers through and goes higher that same level, 444, 50 or so could act as
282 00:33:50 --> 00:33:54 an inversion level, but I'm not trying to do anything with it unless it goes
283 00:33:54 --> 00:33:59 back down through it comes back up And then treats it as A means of support. I
284 00:34:44 --> 00:34:45 Yeah, that's beautiful.
285 00:34:52 --> 00:34:55 The other reason why I'd like to see it trade lower before I would ever want to
286 00:34:55 --> 00:35:01 go long is if you look at the opening range, it's annotated. I. With the high
287 00:35:01 --> 00:35:07 of it here, which is the opening price at 930, many times. Many, many times.
288 00:35:07 --> 00:35:11 Even when you have runs that just start running like this, they'll want to come
289 00:35:11 --> 00:35:15 back down, in this case, to come down and touch the opening range high, which
290 00:35:15 --> 00:35:19 is simply the opening price. And then if it wants to keep going higher, then it
291 00:35:19 --> 00:35:22 can start to go higher and press through that going into the close of the week.
292 00:35:24 --> 00:35:29 Either way, this is still nothing I would chase. I would not want to be a
293 00:35:29 --> 00:35:35 part of that. And I can understand if you're new, or if you're rather a
294 00:35:35 --> 00:35:38 novice. You've been trading for a little while, you may be demonstrating, maybe
295 00:35:38 --> 00:35:42 you passed a fund account but never got to pay out. And you're just always
296 00:35:42 --> 00:35:47 constantly looking to validate yourself by having criticism directed towards
297 00:35:47 --> 00:35:51 somebody else. If I'm sitting out here and everybody knows I'm a little bit of
298 00:35:51 --> 00:35:56 a loud mouth, and you see, runs like this, and you're saying, well, he
299 00:35:56 --> 00:36:02 should, he should be part of that. Well, I'm not interested personally in trying
300 00:36:02 --> 00:36:06 to chase after that, and that's that's been my roles ever since I stepped out
301 00:36:06 --> 00:36:12 as a trader, educator type guru, if you want to call it that, you'll see more
302 00:36:12 --> 00:36:18 instances of trying to chase it and then failing. Then it just keeps going higher
303 00:36:18 --> 00:36:21 and higher and higher and never turns around like these are unsustainable
304 00:36:21 --> 00:36:27 price runs. There has to be some kind of a retracement. And if you don't blame
305 00:36:27 --> 00:36:31 me, go in with your account and trade it and see how hard it is to hold it number
306 00:36:31 --> 00:36:37 one. Every little fluctuation or candlestick that stays small and doesn't
307 00:36:37 --> 00:36:42 really rally, you're going to start feeling all of this anxiety because
308 00:36:42 --> 00:36:49 you're like, oh man, oh man, because two, it's two perfectly one sided. And
309 00:36:49 --> 00:36:52 to me, that's just too enticing for someone to get raked across the coals.
310 00:36:52 --> 00:36:59 And I'm not willing to be the person to do that. So I will give up price runs
311 00:36:59 --> 00:37:04 like that, just like on Tuesday, it's not important to me. It has to make
312 00:37:04 --> 00:37:05 sense. So We're in 10 o'clock now. You
313 00:37:51 --> 00:37:58 the Dow. It's another reason why I'm not a fan of going in it, because NASDAQ is
314 00:37:58 --> 00:38:04 the only one. Only one isn't interesting that I'm live streaming, and I'm telling
315 00:38:04 --> 00:38:08 I'm not looking for it to go higher, I'm looking for it to go lower and keep
316 00:38:08 --> 00:38:12 driving it higher, keep because some of you are probably trying to predict and
317 00:38:12 --> 00:38:17 trying to capture the high and trying to go short. And if anyone's doing that,
318 00:38:17 --> 00:38:21 you're you're providing liquidity for that market to keep rebooking higher
319 00:38:22 --> 00:38:25 because they know they can use your trade to book that higher price that
320 00:38:25 --> 00:38:28 they keep pumping out into the marketplace. They keep offering higher
321 00:38:28 --> 00:38:31 prices. And you go into the market order, you go in with the limb order
322 00:38:31 --> 00:38:36 that meets that criteria. They keep pushing price the whole time, Dow. And I
323 00:38:36 --> 00:38:42 don't make the case for SMT, just on the basis of Dow, but look at down compared
324 00:38:42 --> 00:38:52 to ES. This is SMT. Look at the ES, oops. That's the wrong one. It's gonna
325 00:38:52 --> 00:38:56 say, Wow, we gotta. We got a real mixed market now. So we have the higher high
326 00:38:56 --> 00:39:08 there, but we don't have it with the the Dow and go back into NQ. There we go. So
327 00:39:08 --> 00:39:17 we could be forming an enemy term high here for NASDAQ, and I'm interested in,
328 00:39:21 --> 00:39:31 let me leave that there for now. I'm interested in this gap right here, right
329 00:39:31 --> 00:39:31 there.
330 00:39:41 --> 00:39:46 So now, because we've had this elongated run in market, protraction higher
331 00:39:46 --> 00:39:50 digging in, digging in, digging in, taking anybody that wants to be short
332 00:39:50 --> 00:39:55 out, building in people net long. So now they have counter parties that they've
333 00:39:55 --> 00:40:02 sold to. Initial fair value is. This not fair value gap. Fair value, for the sake
334 00:40:02 --> 00:40:09 of fair value, is the opening range high, which is the 930 opening price. So
335 00:40:09 --> 00:40:14 it's in my interest to see drawing back down into that and touching that again,
336 00:40:14 --> 00:40:18 even if it wants to go higher, that's fine. That thing pops up. I'm
337 00:40:24 --> 00:40:28 right? So now say you're long and you were chasing it here because you wanted
338 00:40:28 --> 00:40:31 to fade ICT, because ICT said I wouldn't buy this. I'm gonna go long and I'm
339 00:40:31 --> 00:40:34 gonna be able to show social media that I went long. Well, You're shitting
340 00:40:34 --> 00:40:42 yourself now, I went a little bit more than that, just opening and touching
341 00:40:42 --> 00:40:43 that it's not enough.
342 00:40:51 --> 00:41:02 Don't ask me why they say it, but I woke up singing that this morning. I
343 00:41:23 --> 00:41:35 so I have, I have a Samsung Galaxy Note, 20. I think I forgot what it is. It's,
344 00:41:35 --> 00:41:46 I've had it for like, two years, and I did the update on it. There's our
345 00:41:46 --> 00:41:53 inversion there that you got the now the top of my screen, on the top edge of it,
346 00:41:53 --> 00:41:59 it flickers and it doesn't show the full, like on YouTube, everything is
347 00:41:59 --> 00:42:05 truncated. Doesn't show everything, and my emails don't don't show, and my
348 00:42:05 --> 00:42:10 charts don't show. So it's something at the top of the screen, so that, I guess
349 00:42:10 --> 00:42:15 that's that planned, obsolete stuff they do. Well, guess you got to get a new
350 00:42:15 --> 00:42:20 phone, don't you it? Nope, this is my last album. I'm not buying another one
351 00:42:20 --> 00:42:21 that can suck my ass. We
352 00:42:37 --> 00:42:41 want to see it if it wants to trade back to here. We want to see it get below
353 00:42:42 --> 00:42:46 consequence correction of that wick right now. It's potentially useful using
354 00:42:46 --> 00:42:53 it as support to go back up into this inefficiency once more. So in other
355 00:42:53 --> 00:43:00 words, we can see a spike or a wick above the inversion of their Vega can
356 00:43:00 --> 00:43:06 spike up into that, but the body stay inside of it. That's that's okay. In my
357 00:43:06 --> 00:43:10 mind, it's permissible. I don't want to see it go back up to here, because that
358 00:43:10 --> 00:43:15 would mean that this is an exhaustion gap, and it's moved away aggressively.
359 00:43:16 --> 00:43:19 This one here, it can be traded up into, but I'd like to see the upper portion of
360 00:43:19 --> 00:43:26 it stay open, so let me zoom in, so that way you can see it maximize first.
361 00:43:32 --> 00:43:44 Think of it like this. High there's half, so I would like to see this
362 00:43:44 --> 00:43:56 portion up here. Stay open. So like this here, so that I
363 00:44:24 --> 00:44:30 Okay, so any little spiking up with a wick, but the body staying inside of
364 00:44:30 --> 00:44:35 that shaded area here validates this as an inversion fair value gap. So now,
365 00:44:36 --> 00:44:41 say, on a day like this, where you keep seeing just keep driving higher, higher,
366 00:44:41 --> 00:44:47 higher, higher. And it's, I guess I don't want to use the words, I won't. I
367 00:44:47 --> 00:44:53 won't use the words. It's a it's more difficult for you to get a read on it.
368 00:44:53 --> 00:44:56 You don't want to trust buying it, because it's going higher. And it's been
369 00:44:56 --> 00:45:02 going straight up from the open but it's also had a. Run at 830 so every Tom Dick
370 00:45:02 --> 00:45:07 and Harry Street Money is trying to buy this today, right off the open and
371 00:45:07 --> 00:45:15 they've rewarded them with a sugar rush. But you see the things I'm showing here,
372 00:45:16 --> 00:45:21 this gap, we want to see a trade there. There's a inefficiency here, this one,
373 00:45:21 --> 00:45:30 we want to see that treated as an exhausting gap. This one, we want to see
374 00:45:30 --> 00:45:33 it stay open in the upper half of it, because if it can't trade up into this
375 00:45:33 --> 00:45:37 portion of it, that means it's really heavy, and we can have a strong
376 00:45:37 --> 00:45:42 conviction. I would rather I would have a strong conviction about it,
377 00:45:42 --> 00:45:47 potentially returning back to the 930 opening price and leaving that pink area
378 00:45:47 --> 00:45:53 up here unfilled. Okay, and all, it's not, don't completely close it in. Can
379 00:45:53 --> 00:45:57 it go up there and close that in and still go lower? Yes, it's just a matter
380 00:45:57 --> 00:46:05 of, I prefer it not to do that. We've had one, two little wicks above outside
381 00:46:05 --> 00:46:09 of this, but where the bodies are inside of it, inside of that gap, right there,
382 00:46:13 --> 00:46:19 we found our way through the midpoint of this gap, which is the discount wick. So
383 00:46:19 --> 00:46:25 halfway, let me get all these extra lines off. Nice. I'm sorry I was running
384 00:46:25 --> 00:46:37 standard deviations on S P last night, and I left them on my dog. So here's the
385 00:46:37 --> 00:46:42 consequence of that. I don't like the fact that we were bumping up again in
386 00:46:42 --> 00:46:47 here after making lower attempts to go lower. So now go back into thinking that
387 00:46:47 --> 00:46:52 it could very well go in here once more, maybe touch the low, which is consequent
388 00:46:52 --> 00:46:57 encroachment of this low, that candle high. But this portion, I want to see
389 00:46:57 --> 00:47:01 that stay open if it completely rolls over top of that pink area and trades
390 00:47:01 --> 00:47:06 higher. I'm standing still, and I'm gonna have no bias, and it would be a
391 00:47:06 --> 00:47:12 no, no touch, no trade, not doing anything. And I would then wait until 11
392 00:47:12 --> 00:47:16 o'clock, 1130 to try to trade against whatever's been in the marketplace up
393 00:47:16 --> 00:47:22 until that point. And I would use that as a lunch macro, and I'll fade the run
394 00:47:22 --> 00:47:26 at that time, and I'll look for similar situations. So here we are. We have We
395 00:47:26 --> 00:47:35 spiked up into that portion here, which is permissible. If we can get a close
396 00:47:36 --> 00:47:41 below this point here, that would indicate that it's most likely going to
397 00:47:41 --> 00:47:45 roll over and then return back into the opening range.
398 00:48:00 --> 00:48:05 Having done this as long as I have. I'm very, very appreciative of having the
399 00:48:06 --> 00:48:11 patience that as a younger man I would not have had. I would have been chomping
400 00:48:11 --> 00:48:14 at the bit. Every time it rallied up. I've been like, Oh man, I wish I would
401 00:48:14 --> 00:48:18 have bought that. I wish I would have bought that, and seeing how it's
402 00:48:18 --> 00:48:24 trading. Now I'm I'm thankful that I had endured the painful lessons that I had
403 00:48:24 --> 00:48:29 to endure, because if I didn't, I would have, I would have never learned any
404 00:48:29 --> 00:48:38 other way, because I had initial luck, and that's always a bad thing. It ain't
405 00:48:38 --> 00:48:45 made on skill and real ability, and it's just luck you can't hang your hat. You
406 00:48:45 --> 00:48:49 can't hang your hat on that and feel good about it, and it certainly doesn't
407 00:48:49 --> 00:48:50 bolster confidence.
408 00:48:56 --> 00:49:01 There we go. Touch the consequent encroachment. And again, I want to see
409 00:49:01 --> 00:49:09 this portion stay open. And if it trades through it and above it, my interest is
410 00:49:09 --> 00:49:15 over. I'm not doing anything with it. And if I have time, I may stream the
411 00:49:15 --> 00:49:20 afternoon in that event. No promises, but that would be Something I might want
412 00:49:20 --> 00:49:21 to do.
413 00:49:42 --> 00:50:22 You I click peak at Yes, I'm looking at everything just like you would if you
414 00:50:22 --> 00:50:28 don't have all the real estate I have in hardware and charts and stuff. I had my
415 00:50:28 --> 00:50:34 single laptop. I'm in my basement laying on my wife's love sack here, using the
416 00:50:34 --> 00:50:38 foot stool as my pedestal for my laptop, which is probably not a good idea.
417 00:50:38 --> 00:50:53 That's why it's so hot, it's not even able to vent. Anyhow, and then take
418 00:50:53 --> 00:51:03 quick look at the Dow new participation. So we have a mixed condition where we
419 00:51:03 --> 00:51:09 don't have all three averages agreeing. That's also something that if this would
420 00:51:09 --> 00:51:13 have been like the s, p, then it really would have been problematic to be a
421 00:51:13 --> 00:51:24 buyer. For me, I don't need all that. I It feels like they're going to wipe that
422 00:51:24 --> 00:51:30 high one more time, just because I'm outlining it for retracement. And if I
423 00:51:30 --> 00:51:36 was making the market and I still was live stream, I would do that too, and
424 00:51:36 --> 00:51:37 then I'd sync it after
425 00:51:42 --> 00:51:46 that, I see that timing You think I don't know what you're Doing,
426 00:51:51 --> 00:54:13 though. I So so far we've had this entire gap closing here. The bodies are
427 00:54:13 --> 00:54:19 stopping. That one little little millhack outside of that range. This
428 00:54:19 --> 00:54:26 portion, again, I'm viewing that as a exhaustion. Press press, press press
429 00:54:26 --> 00:54:33 higher. Trade below the gap I have interest in this.
430 00:54:41 --> 00:54:43 Feels like they want to pump it one more time. I.
431 00:57:10 --> 00:57:18 I swear that why anybody likes to trade the Dow is beyond me. Is so ugly, it's
432 00:57:18 --> 00:57:21 only 30 stocks so sloppy.
433 00:57:34 --> 00:57:43 So now here's what we have. You have the market has dropped short, uh, Heather,
434 00:57:43 --> 00:57:44 stop loss here.
435 00:57:51 --> 00:57:58 Not this one, this one, if we get a higher high, because I have to make my
436 00:57:58 --> 00:58:03 escape here. My appointments coming up, I'm gonna make sure I get off here and
437 00:58:03 --> 00:58:11 be ready for it, because it's a fun conversation I have to have. So okay,
438 00:58:11 --> 00:58:16 we're in this area here, so that means it's probably going to run this high. If
439 00:58:16 --> 00:58:21 it runs the high, then I would look for it to break down. If we can get back
440 00:58:21 --> 00:58:26 below this gap, this I would like to see that act as an inversion for everybody.
441 00:58:26 --> 00:58:37 Gap. No trades have been taken, no, no face needs to be saved, no, no pain, no
442 00:58:37 --> 00:58:42 embarrassment, no nothing. It has to, it has to provide me the information, or
443 00:58:42 --> 00:58:49 there's nothing. And I'm I'm not going to co sign on market action that I'm
444 00:58:49 --> 00:58:53 not, I'm not comfortable with, and that's the whole point of teaching my
445 00:58:53 --> 00:58:57 son this way, because it's not about getting in a trade system because you
446 00:58:57 --> 00:59:06 have a trade so I'd like to see it bump to high one more time. That would that
447 00:59:06 --> 00:59:12 would give the Street Money comfort that they're they're probably right, and then
448 00:59:12 --> 00:59:17 they would raise their stop loss below here. So this is where a second pool of
449 00:59:17 --> 00:59:21 liquidity is metal, equal lows. It's
450 00:59:27 --> 00:59:32 going to go up there. It should do it now, because you had a gap, it overshot.
451 00:59:32 --> 00:59:37 It went into that gap here. So it should spring up there and clear that high
452 00:59:39 --> 00:59:39 this. You
453 01:00:03 --> 01:00:12 I might, I might live stream this evening, this afternoon, rather, if I
454 01:00:12 --> 01:00:18 do, you'll see a post on my community post on my community tab on the YouTube
455 01:00:18 --> 01:00:29 channel. It wouldn't be before it would probably be 145 if I do it at all.
456 01:00:35 --> 01:00:40 But this for Caleb's learning, he would be doing nothing. He wouldn't do
457 01:00:40 --> 01:00:45 anything today because the time constraints have already expired for
458 01:00:45 --> 01:00:49 him. It wouldn't be something he would be pushing and doing anything. So he
459 01:00:49 --> 01:00:52 would turn his charts off and just go do whatever he's going to do, and then come
460 01:00:52 --> 01:00:58 back in the evening and do his logging and back test to study to see what was
461 01:00:58 --> 01:01:06 available in price action. I I'll stay with you for another three minutes, and
462 01:01:06 --> 01:01:13 then we'll close this one when we get through August. This is pretty much what
463 01:01:13 --> 01:01:18 the the timelines are going to be like, starting when the stream hopefully at
464 01:01:18 --> 01:01:25 915 but 915 and then closing them by 11am so they'll be a little bit smaller
465 01:01:25 --> 01:01:30 in duration and a whole lot less talking, because I want to be observing
466 01:01:30 --> 01:01:35 and watching price and only speaking when There's something that's pertinent.
467 01:01:41 --> 01:01:48 So I'd like to see as like a trap or a one more gun on it to set up a
468 01:01:48 --> 01:01:53 retracement into the opening range. Gap high is not just go above this high by
469 01:01:53 --> 01:01:57 like a tick or two. I want to see them throw it above. They're pretty good,
470 01:01:58 --> 01:02:03 like 1015, handles, maybe 20 handles above it, and then peter out. And
471 01:02:03 --> 01:02:13 especially if they do that with the s, p, not doing so hot in in comparison, it
472 01:02:13 --> 01:02:17 should take that high up. So you're understanding, I believe that that high
473 01:02:17 --> 01:02:23 could be taken out. But this afternoon, going into lunch, or post lunch, this
474 01:02:23 --> 01:02:28 gap in this level right there, I believe we're gonna see that again today. That's
475 01:02:28 --> 01:02:31 what I would go into the afternoon, without me knowing thing more than I
476 01:02:31 --> 01:02:35 have in the chart right now. I would look for those levels to be treated to,
477 01:02:35 --> 01:02:39 and if it doesn't do it prior to one o'clock, then I would expect that to be
478 01:02:40 --> 01:02:44 what we would see in the afternoon. And if I can find the time and opportunity
479 01:02:45 --> 01:02:48 to live stream it, and it hasn't done those things, I'll come out and I'll try
480 01:02:48 --> 01:02:59 to walk you through as well. But the lion, this is a sick puppy like I would
481 01:02:59 --> 01:03:08 not be interested in that at all. Now, one of the things that Dow tend to do is
482 01:03:08 --> 01:03:12 it'll do all this lethargic, I'm not following along in PAL, and then all of
483 01:03:12 --> 01:03:16 a sudden it comes to life. And real suddenly runs and gets to these levels.
484 01:03:16 --> 01:03:20 So then that way you have any cancelation of an SMT divergence, where
485 01:03:21 --> 01:03:24 one indicee makes a higher high, or two indices make a higher high and one
486 01:03:24 --> 01:03:30 doesn't. Generally, it's usually going to be the Dow that doesn't want to
487 01:03:30 --> 01:03:34 listen. It's a brat. It just does not want to listen. And that's the reason
488 01:03:34 --> 01:03:40 why I don't trade it, because it's usually the first indication of things
489 01:03:40 --> 01:03:45 starting to crack. Things are not they're not as strong or as weak as they
490 01:03:45 --> 01:03:54 may seem. And I prefer to see a SMT divergence on either the ES or the
491 01:03:54 --> 01:03:58 NASDAQ compared comparatively so. In other words, if a higher, high scene in
492 01:03:58 --> 01:04:06 yes, if the market breath and strength is there, then the NASDAQ should do it
493 01:04:06 --> 01:04:11 too. And if it's not, if it's not seen, then I'm not really willing to chase or
494 01:04:11 --> 01:04:17 look for continuation, or look for a follow through for the session or for
495 01:04:17 --> 01:04:23 the day. This should pop up area next the candle.
496 01:04:34 --> 01:04:43 There it is. So anyone that's short here, they've been canceled out. So
497 01:04:43 --> 01:04:47 then, now I can't stay with you, because I gotta escape now, but I would look for
498 01:04:47 --> 01:04:51 a reason for it to roll over and then it starts to accelerate. Now, treat this
499 01:04:51 --> 01:04:56 gap as an inversion pair ready gap, and because of the range and the size of it,
500 01:04:56 --> 01:05:00 run the quadrants on it. So put your fiddle in that candle is low. That
501 01:05:00 --> 01:05:04 candle is high, and have all those levels in here, and we would start to
502 01:05:04 --> 01:05:08 see once it gets down below it. We want to see the upper half of it left pretty
503 01:05:08 --> 01:05:13 much open, not try to trade to it too much, and all the work we've done at the
504 01:05:13 --> 01:05:17 lower half or underneath it. And then send us below the consequent correction
505 01:05:17 --> 01:05:25 of that wicks midpoint, and accelerate with large candles below here, trading
506 01:05:25 --> 01:05:30 back down into opening range, gap high. And if it wants to accelerate through
507 01:05:30 --> 01:05:34 that into the afternoon here and the liquidity there, and it can still go
508 01:05:34 --> 01:05:40 higher after that, just know that that's what I would expect. And I think that's
509 01:05:40 --> 01:05:47 going to be it not all that terribly sexy today, but that's how it's going to
510 01:05:47 --> 01:05:50 be. Sometimes, when you're trading your own money, you're going to have to wait
511 01:05:50 --> 01:05:54 and don't force it. It's going to be it for this one, I will touch base with you
512 01:05:54 --> 01:05:58 this afternoon. If it's possible, I can work it out with my wife, and she's okay
513 01:05:58 --> 01:06:04 with it, and if not, I will see you tomorrow before 930 opening bell. Let's
514 01:06:04 --> 01:06:09 say that way. I'm going to aim for 915 but before the opening bell, at 930 New
515 01:06:09 --> 01:06:12 York, Eastern Time, so I'll talk to you, then be safe. You.