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ICT YT - 2024-08-20 - ICT 2024 Mentorship - Lecture 13

Last modified by Drunk Monkey on 2024-08-31 08:18
1 00:00:30 --> 00:00:44 ICT: I know. I know, good morning. Good morning. All right, so we have the opening bell here. We're below the new day opening gap of August, 20. We're also
2 00:00:44 --> 00:00:51 be cool eyes right here, so I'm watching that as a draw.
3 00:01:00 --> 00:01:23 Regular trading hours. You can see, here's our moving range gap, right there. That's not the best cup choice, nor is it. Let's do this. I the
4 00:01:31 --> 00:01:46 previous session, settlement and the opening on this candle, opening range, gap coming in and sending our niece off to college, and you probably hear my air
5 00:01:46 --> 00:01:55 conditioner, which I cranked up now, sitting underneath that vent. So it's going to be a little cloud. That's the noise you're hearing. So just put up with it
6 00:01:55 --> 00:02:00 for a minute or two until I get my office cooled in. I'm I'm
7 00:02:07 --> 00:02:20 looking at the 15 second chart. We have small little gap right there, but that wit kind of encouragement that it stopped it. So that's all it technically needs
8 00:02:21 --> 00:02:34 to send us up into that new doping gap again, but it's still early. I don't want to try to jump ahead and anticipate everything being just straight up. It can
9 00:02:34 --> 00:02:43 but the sake of reading price action for the first few minutes, it's important for Caleb to just know that it's not necessary for you to know right away what
10 00:02:43 --> 00:02:43 it's going to
11 00:02:54 --> 00:03:13 do. Okay, so opening range gap has been priced in. There you go. You see that there, and I'd like to see it return back into the new day opening gap, not just
12 00:03:13 --> 00:03:33 take the gap from yesterday's settlement to today's opening at 930 so we're in the beginning portion of opening range, which is the 30 minutes between 930 and
13 00:03:33 --> 00:03:48 10am here's your near the opening gap. So you want to screenshot that that volume and balance right here. Note that, because if it's going to pop that
14 00:03:48 --> 00:03:58 liquidity above here, it's reasonable to anticipate it trading up into that little volume and balance there. That's the one minute inefficiency that's just
15 00:03:58 --> 00:04:11 above that short term high. But you want to screenshot that as I was mentioned the the wick here, consequent encouragement of that is this.
16 00:04:17 --> 00:04:32 See, I hit that there and then we didn't even touch the upper quadrant there, so it's likely to send us going in. Now this would have been like, say, post 950 if
17 00:04:33 --> 00:04:43 you were in the macro time, and it had done that, then I've been like, okay, it should have no problem just running directly right into that I want to see. When
18 00:04:43 --> 00:04:53 you ever hear me say that, I want to see that it's not biased that's providing a framework for Caleb when he watches the recordings, because he has the actual
19 00:04:54 --> 00:05:04 documentation of me saying it over the live trip, live chart, and I. When he's watching these recordings, he has the benefit of not having to have real time
20 00:05:04 --> 00:05:12 data. He's watching it as it happens. So he's looking at a 15 second chart, which is what most of you watching. Probably don't even look at, or maybe don't
21 00:05:12 --> 00:05:27 have the resources to be able to do it. We have a three second delay on latency here. So whatever I say here, you receive it three seconds later. So having the
22 00:05:27 --> 00:05:35 this gap right here, so by signbound cell, sign efficiency, it's overlaid with a new dividend gap. But
23 00:05:42 --> 00:05:54 you want to screenshot that that wicker here and how it behaved. It took us up into that that is a very, very easy bread and butter type setup. So for someone
24 00:05:54 --> 00:06:01 that doesn't have a model, for someone that's looking for something like, what does the pattern look like? Well, there's lots of patterns. There's lots of ways
25 00:06:01 --> 00:06:14 to engage it, but framing in the context that it needs to run to a new day opening gap, or a new week opening gap, that is my son's model. Like that.
26 00:06:14 --> 00:06:31 That's his draw. And it has to have, hopefully, something like a relative equal high, either just below it or right at it, so it's in close proximity, ideally,
27 00:06:31 --> 00:06:40 the actual liquidity if, if he's bullish, he's going to be looking for something that has relative equal highs below a new day, new day opening gap or a new Week
28 00:06:40 --> 00:06:49 opening gap, that he's going to be targeting at. Targeting as the draw, or like the magnet draw on liquidity, and then vice versa, if he's going to go short,
29 00:06:50 --> 00:07:01 he'd be looking for relative eco lows that are just above a old New Day opening gap, or the present new day open gap or new week opening gap. And they can be
30 00:07:01 --> 00:07:11 old, as far as you know. Like I said, five weeks back for new week opening gaps, and five days worth for a new day opening gaps. And that's the criteria I'm
31 00:07:11 --> 00:07:19 giving to him. Not to say that you won't find more setups, because you're looking at a little bit older than five weeks ago, new week opening gaps,
32 00:07:19 --> 00:07:29 because they they don't, they don't get stale, if you will, as long as you're using it in the right context for sentiment reasons, it's fine, they will still
33 00:07:29 --> 00:07:33 show you reactions In price that you're able to take trades on. I
34 00:07:43 --> 00:07:50 so I want to see it reach up into that daily volume imbalance, and I'll take your attention to that now.
35 00:07:59 --> 00:08:11 I had it divided into its quadrants. I'll show you in a moment what this is, again, for those that don't remember or don't take notes or don't have the
36 00:08:11 --> 00:08:19 luxury of having been in the previous live streams. So if you're watching it live, it's the first one this area here. We talked about this last Tuesday
37 00:08:20 --> 00:08:29 before the end of the stream on August 13, 2024 is live stream. I took everyone's attention to where the real bias is on a higher time frame, and where
38 00:08:29 --> 00:08:41 that means the market will draw to taking everything out of the confusion of, is it a buyer? Is it a sell? It was told to you last Tuesday, the market was going
39 00:08:41 --> 00:08:58 to go up to these levels, and we traded into it in yesterday's session, at the last hour of day session, and then in the London session, we had the market
40 00:08:58 --> 00:09:11 trade up into it. Here it's the low of the daily volume imbalance that took your attention to last Tuesday, and we kind of talked about it yesterday as well.
41 00:09:11 --> 00:09:18 Trade it all the way up to the upper quadrant. Look at the bodies. Okay. This is a one minute chart. Look at that. It closes right on the upper quadrant and
42 00:09:18 --> 00:09:27 leaves this portion open. So this, to me, is where I want to hold my attention. I'm not trying to pick the top and I've been maintaining that since we started
43 00:09:27 --> 00:09:39 this whole series in 2024 we started live streaming, started teaching the higher time frame has been called higher. We haven't deviated from that. And go back
44 00:09:39 --> 00:09:48 and listen to the recordings, and you'll see that's the truth. But here we trade up into the upper quadrant. Then we had it give us a reversal, trading back down
45 00:09:48 --> 00:10:00 into the low. There's liquidity resting below that. And you see that we traded there and all the way down to today's New Day opening gap, we're. This was
46 00:10:00 --> 00:10:06 formed yesterday on this basis. Scroll over here.
47 00:10:13 --> 00:10:24 That's this reference point here. So where we settled at five o'clock on Monday, August 19, 2024 and then when we started trading at six o'clock, I said, That's
48 00:10:24 --> 00:10:36 your new day opening gap for Tuesday. That's why it's labeled the 20th, because this gap is referencing the next trading day. So you carry it forward into price
49 00:10:36 --> 00:10:59 action that you watch unfold. And then there's that turn in London, gyrating around towards the low, use the lowest support rallies up, hammers it perfectly,
50 00:11:02 --> 00:11:10 starts to sell off, works lower and then right down into look at the bodies. See what bodies are showing. The wicks are allowed to do the damage. But this is
51 00:11:10 --> 00:11:21 telling you that it's it's using the new day opening gap, as I teach it anytime. If that gap would have been there soon as it filled it, everybody else would
52 00:11:21 --> 00:11:31 have completely disregarded it. Tell you it's happening, throw the baby up with the bathwater. And that's that's flawed logic, okay? And this is the high of
53 00:11:31 --> 00:11:41 that daily self centered balance by sign efficiency on the daily chart. And we want to see it. Try to get up into here. Let's take your attention back to it
54 00:11:41 --> 00:11:53 here, above this high, and try to get into this portion. That's the part that's still remaining open right here. So that would look like this. You want to have
55 00:11:55 --> 00:12:11 that high to here. You want to have that on your chart, and we'll set that up as something obnoxious, like yellow. That way it's going to stand out. And we're
56 00:12:11 --> 00:12:24 going to extend it to the right, and we'll divide it in half, just because I want to have that information on top of it. So here's the low, that daily volume
57 00:12:24 --> 00:12:24 imbalance.
58 00:12:30 --> 00:12:39 Watch this gap in here with the volume and balance between these two candles right there. Watch that. So we have the low, the daily volume imbalance we
59 00:12:39 --> 00:12:48 talked about yesterday and mentioned in advance on the 13th of August. Here's a lower quadrant midpoint, which is consequent encroachment in the shaded yellow
60 00:12:48 --> 00:13:00 area. That's the portion that has not been traded to. So we went as high as the upper quadrant here. But all the yellow area, in my mind, I want to see, does it
61 00:13:00 --> 00:13:09 have the ability to try to reach for that? I'm not saying they have to go right there right now. Technicals have to support the idea. But my initial interest
62 00:13:09 --> 00:13:19 today, with really nothing to speak of, for the economic calendar, that's all exciting, but it changes tomorrow. This is what my interest is for the remainder
63 00:13:19 --> 00:13:32 of the week. I want to see, do we trade into this area here? So with that, I want to go over real quick to the daily and remind you where this is, this
64 00:13:32 --> 00:13:36 little segment of price action right in here. We talked about this. I'm
65 00:13:43 --> 00:13:44 right here.
66 00:13:52 --> 00:14:05 Elongate that, that little segment of price action right there that is the volume of balance, and that was mentioned to you on the 13th of August in
67 00:14:05 --> 00:14:14 Tuesday's last portion of the live stream. And we divide it using this as the low, which is the open of that candle, and the close on this candle. So we're
68 00:14:14 --> 00:14:25 marking the difference between that close to the open of the next one. There is a wick. Let me move it over here so you can see this wick goes as low as that
69 00:14:25 --> 00:14:34 right there. But we're not interested in the wick here. We're looking at the difference between the bodies here and here, because there is no connection
70 00:14:34 --> 00:14:45 between this candle and that candle with the body. So the only bridging or overlapping of this dailies candle to this dailies candle is the connection of
71 00:14:45 --> 00:14:55 the wick. And because I teach you to look at the wicks as a gap, look at it through the lens of that so if that's the case, then we want to take that gap
72 00:14:55 --> 00:15:07 and break it into quadrants and. And what's the midpoint, which is consequent encroachment. It's not mean threshold. Mean threshold is a middle of a order
73 00:15:07 --> 00:15:19 block, the equilibrium price point or midpoint of a gap, whether it's a buy side imbalance, outside efficiency or a sell side imbalance, buy side efficiency,
74 00:15:19 --> 00:15:28 either or if it's up close, fair value gap or down close, fair value gap, the midpoint of that is consequent encroachment. And Wix are classified the same
75 00:15:28 --> 00:15:42 way. I internalize them as the same thing, as a gap, just like I teach that a opening range gap, you would build that with a quadrant to breaking up over
76 00:15:42 --> 00:15:55 quarters, which is not quarters theory. Okay, so once you have these levels divided like that, you can anticipate what's still available. And what this is
77 00:15:55 --> 00:16:06 saying is this little portion of this close to that level right there. That's what's being highlighted, different from the right hand side. So that is the
78 00:16:06 --> 00:16:23 unfilled portion of all this. Move the blue line, which you see over here. This blue line there. Watch when I highlight it. The coordinates for that is 19,008
79 00:16:23 --> 00:16:40 68 and a quarter. That's this. Candles low. See, look at this value right here, up here, no, the left chart right there, on me to my or above my cursor, that is
80 00:16:40 --> 00:16:52 the 19,008 68 and a quarter level. So that is the high of this city, down to this candles high. So between this candle is high and that candle is low, this
81 00:16:52 --> 00:17:02 is a sell side, imbalanced buy side and efficiency. We would expect in the future, the market would reach up into that level and tap it, and we're working
82 00:17:02 --> 00:17:16 that level now. So I want to see, do we have the ability to grind into this more and explore this area which is not been able to book any price above the upper
83 00:17:16 --> 00:17:30 quadrant of this daily volume imbalance, okay, so that's the business there We're again, watching on a one minute chart.
84 00:17:41 --> 00:18:00 There I damn. And this was the opening range gap. That means it's the difference at the regulatory hours. I
85 00:18:08 --> 00:18:20 so be here when that candles close to that. Candles open, just eyeballing it when I drop that on there, if that's what you're measuring. And then we went
86 00:18:20 --> 00:18:28 above it here, and we went back down into it as support. Now we're rallying up. So we want to see it eat into all of this. We're going to see, does it have the
87 00:18:28 --> 00:18:38 strength and the ability with speed to be able to get to the lowest quadrant, which is this level here, of this daily volume imbalance, with the expectation
88 00:18:38 --> 00:18:47 that we're focusing on whether or not the market has an interest to get up to here, we know that there's an inefficiency still there, because it's only
89 00:18:47 --> 00:18:59 delivered price down, but we've gone as far as this level here to the upside. So there's inefficiency between this level here on the left to here, with buy side
90 00:18:59 --> 00:19:08 delivery, meaning all we're saying, In simplest terms is we're expecting the market to go up in here and just offer price at these levels, and whether it
91 00:19:08 --> 00:19:18 stays there or continues. It's not important at this moment for Caleb. It's just that that's what we would anticipate as a realistic it's practical that it's
92 00:19:18 --> 00:19:25 gone as far as here. So if it's bullish, it's reasonable to anticipate it Reaching into here it need not do it today. I
93 00:19:48 --> 00:19:49 watch this one in here.
94 00:19:59 --> 00:20:27 I. Now, if you look at it over on the one minute chart, we had this pair of a gap there. And I like the fact that this gap occurs and forms on the 15 second
95 00:20:27 --> 00:20:35 chart. I see it forming on the upper half of this gap. So let me, let me draw it out here.
96 00:20:42 --> 00:20:48 I And we'll do just a little bit different color like that. Okay, so
97 00:20:53 --> 00:20:56 it's a little bit of a conscious it's probably not the best color shows, is it? Now? I
98 00:21:05 --> 00:21:15 this fair value gap here, if it's going to be the ideal scenario, it would be being sensitive at the high end of it, in other words, half of it, the best
99 00:21:16 --> 00:21:24 formations or continuation would occur were price only going into the upper half, not digging down into the bottom half. But can it do it? Yes. Go back and
100 00:21:24 --> 00:21:32 listen to the lectures. It's completely permissible. It's not something that doesn't change the underlying direction of why. It doesn't change the
101 00:21:32 --> 00:21:42 directional impact of using these things. It just means that it's better for it to leave it open. If it leaves it open. It's indicating that it's extremely
102 00:21:42 --> 00:21:52 strong and should keep pressing higher. But if it's going to go down and completely overlap that little gap on the one minute chart, how far can it color
103 00:21:52 --> 00:22:07 outside the lines? If it's going to overshoot this, how far can it go past, if it's just going to be a wick, what keeps it still germane to the idea that we
104 00:22:07 --> 00:22:15 would stick to reaching for this lower quadrant and measure it? Does it have the ability to get there? Number one? Two, how fast does it get there, and once it
105 00:22:15 --> 00:22:24 gets it, once it gets to that level, how does it behave? Does it hit it and fall short of going any further. Or does it go through it like a hot knife through
106 00:22:24 --> 00:22:34 butter and just slice right on through and reach for the midpoint, which is this level here, you're weighing out all these PD arrays if it's going to overshoot
107 00:22:34 --> 00:22:47 this fair value gap, this wick right here. We were talking about this yesterday over live price action. I'm going to have to turn that air Commissioner office.
108 00:22:48 --> 00:22:56 I know it's probably annoying enough, annoying me. So we hit the upper quadrant, but it hit the consequent approach in that wick. See it, it's perfect. It's
109 00:22:56 --> 00:23:11 perfect. Delivery, perfect. So if you have that, and you run up to this quadrant here, you want to screenshot that don't use my charts, do it with your own, and
110 00:23:11 --> 00:23:24 you're seeing the measurement of real order flow, no depth of market needed, no ladders, no level two data, no nothing, just watching price action. It should
111 00:23:24 --> 00:23:34 behave in a manner that supports price repricing down to inefficiencies, using the hourly, I'm sorry, not the hourly one hour chart, the one minute chart to
112 00:23:34 --> 00:23:46 the left, and carrying it over to the 15 second here. So what I'm doing is I'm constantly balancing the effects of where price should gravitate to, where it
113 00:23:46 --> 00:23:55 should support price, where it's where it's allowed to do the damage. If you look at what was shown here, I was outlining the fair value gap with the focus
114 00:23:55 --> 00:24:05 on that lower quadrant level right there. So we were looking initially at this gap here. I told you to watch that. We went outside a little bit and where to
115 00:24:05 --> 00:24:12 go, just to the low of the new day, opening gap and stop dead ends tracks and rallied up, spent a little bit of time, and the bodies were telling you what it
116 00:24:12 --> 00:24:23 wants to do. It's going to want to rally. It rallies. It gives you displacement with the one minute chart here. So there's a gap. So that gap is real in this
117 00:24:23 --> 00:24:32 range, from that candles high and that candles low. But over here on the 15 second, I took your attention there. Look where the bodies of the candles in the
118 00:24:32 --> 00:24:41 15 second stop and stay inside of it respects its fair value. Gap that's in the blue. You see that. Look at that. Look at that body right there. The wick is
119 00:24:41 --> 00:24:50 only afforded to go as low as what this one minute fair value gap does, and as low as the consequence approaching of this wick. Why am I picking this wick?
120 00:24:50 --> 00:24:58 Because it's the highest, going to the left. It went above this one. And by having that back on the chart again, there's the trade to consequent
121 00:24:58 --> 00:25:08 encroachment. Do. Right here. So now we want to see, does it have the ability to get to the upper quadrant? So if I measure this again here, here, that's perfect
122 00:25:08 --> 00:25:17 delivery. So when you're watching things and you're looking for price, if it's if it's going to go up, you want to be measuring as I'm teaching you here. This
123 00:25:17 --> 00:25:27 is the price delivery continuum theory. It's my way of reading real order flow. You don't need to know how many contracts are floating above or below, because
124 00:25:28 --> 00:25:36 you don't know if those orders are going to stay in the marketplace. They can be pulled. Okay, it's called spoofing. You're not going to spoof your open, high,
125 00:25:36 --> 00:25:47 low and close of the intervals of the chart you're watching. Okay, that doesn't actually that's a mark to market. Book of where price has actually traded, these
126 00:25:47 --> 00:26:00 levels that are above or below, ladders and depth of market on a DOM, they are not traded too. They're this flashing there until price goes there and engages
127 00:26:00 --> 00:26:09 it. And then you see the actual volume that was booked at that time, using Time and Sales again, you're looking at what already happened. What I'm doing is I'm
128 00:26:09 --> 00:26:17 getting a measurement. Do we see things in price action that are going to support the algorithm repricing back to these reference points like we have
129 00:26:17 --> 00:26:28 here? And then, does it deliver higher Yes. Does it go to the level here, which is the lowest quadrant? Yes. And then once we got there, did it show willingness
130 00:26:28 --> 00:26:36 to want to trade to consequent crochet, which is this next level here, it trades right to it. Now we went to this objective as we hit that. You want to
131 00:26:36 --> 00:26:47 screenshot all this. You want to have all of these reference points shown, because this is exactly what Caleb's model is going to look like for him. All
132 00:26:47 --> 00:26:58 you're doing is framing. Okay, the market has proven it gapped lower. We gapped lower, then we overtook that gap. We traded above. Used a new day opening gap
133 00:26:58 --> 00:27:10 here touched the high of the opening gap here rally, and then we got this fair value gap given to you on a 15 second chart, but allowing you use as much as a
134 00:27:10 --> 00:27:20 wick coming down to fill in this one minute fair value gap. But using the wicks, as I've been teaching you, the consequence of that wick here is exactly that
135 00:27:20 --> 00:27:30 low. So there's no reason for you to be panicked. Was there any sense of urgency in my voice? Did not hear Did you hear any kind of shaking? Was I nervous about
136 00:27:30 --> 00:27:39 it not potentially doing what I've outlined? No, it's the same boring stuff. All you're doing is relaxing and looking for the things that I'm teaching you exist
137 00:27:39 --> 00:27:48 in price, because the market is algorithmic. It's going to follow the scripts. It has absolutely no bearing on how many contracts are bought or sold. It's not
138 00:27:48 --> 00:27:58 has nothing to do with it. So when you relax and start looking at what price is showing you, is it indicative of reaching to the next objective? And in the
139 00:27:58 --> 00:28:07 beginning, Caleb, it's not important for you to know those straight shot that takes you up in here. All we're saying is, is there's a big magnet, okay,
140 00:28:07 --> 00:28:19 there's a big magnet that is luring price up to these levels because there's an inefficiency. It's lacking up delivery, buy side, delivery, movement up into
141 00:28:19 --> 00:28:29 these levels. It's not important for you to pick the determination of it getting to just the halfway point. It needs to just touch the low of it, and then you
142 00:28:29 --> 00:28:36 watch and see, does it have the ability to aggressively run into the halfway point of the opening range that's still there, not opening range that we're
143 00:28:36 --> 00:28:43 trading like 930, 10. I shouldn't have said that, as I said, I didn't realize I shouldn't use those terms, but this portion is still open and exposed to
144 00:28:43 --> 00:28:55 inefficiency because it's lacking candlesticks offering price as it passes through the low end of that yellow shaded area to the high end of it. So all
145 00:28:55 --> 00:29:09 we're doing is think of it like this, the algorithm is likely to cast price into this area to offer traders to distribute long positions or enter short
146 00:29:09 --> 00:29:19 positions. It's it's not the point of knowing how many contracts are floating in that area. So like a thing, like a book map or something similar to that effect
147 00:29:19 --> 00:29:30 is really not all that important, because inside of inefficiencies, the element of delivery of price is to say it's been given the opportunity to trade there It
148 00:29:30 --> 00:29:39 matters not how much volume is expected to be filled with lofty levels of okay, there's a book map reading or something you know, to that effect, I'm not
149 00:29:39 --> 00:29:46 beating up on bookmap, like I said before, I personally don't need it students to understand what I'm teaching. Don't need it. If it would have been available
150 00:29:46 --> 00:29:55 to me when I first started, it would have helped me. It would have given me a visual representation of what orders are sitting where it didn't make sense to
151 00:29:55 --> 00:30:03 me when I was first learning, and just like it probably doesn't make sense for you, but I. Don't have those types of tools. While I'm talking to you, I don't
152 00:30:03 --> 00:30:10 look at that stuff. I just look at where price has shown inefficiencies, as I've been doing in the live streams. I've been showing you where the liquidity is,
153 00:30:10 --> 00:30:19 the buy side, the sell side, and I'm showing you how to use these higher time frame reference points as draws on liquidity to complement things that would
154 00:30:19 --> 00:30:32 otherwise been factored into the marketplace and analysis concepts that my son would be expected to use. So by seeing these points of reference and watching
155 00:30:32 --> 00:30:37 how price delivers over a one minute chart and a 15 second chart,
156 00:30:39 --> 00:30:48 when you screenshot this and it hits these levels here, and then, because we took this high out here, I mentioned this in previous live streams. Every time
157 00:30:48 --> 00:30:57 you're holding an idea that wants to go higher, and you're trading on that idea, if you have a short term high and it reaches to a level and it goes above it,
158 00:30:57 --> 00:31:04 you need to be taking some kind of a partial above that, because if you don't do that, you're going to miss the opportunity of distributing at premium level
159 00:31:04 --> 00:31:16 prices. And we went all the way back down into that fair value gap here on the 15 second chart and the one minute chart. Is it done? Is it done all the way
160 00:31:16 --> 00:31:25 down here? Is it completely said, I'm not going to go any higher. You wait and see. You have to submit yourself and watch it. Does it? Is it done? You don't
161 00:31:25 --> 00:31:36 know. And you have to log that time when it created this short term high here and trades above it. If you have the ability to take partials off, you take a
162 00:31:36 --> 00:31:44 partial there. But why would you want to do that? ICT, if you think it's going to go up here, what you think while you're learning, and why my son's learning
163 00:31:45 --> 00:31:56 doesn't equate to what the market's going to do. You're discovering and gleaning experience as you watch and study and learn. You don't have everything at your
164 00:31:56 --> 00:32:03 disposal in terms of experience when you first start using the information. If you did, you wouldn't be watching my live streams, which you just be out there
165 00:32:03 --> 00:32:12 doing your own thing. So it's important to know how to run down equity, which is what I call it, when we're in a buy program and we're looking for targets to be
166 00:32:12 --> 00:32:21 reached anytime it creates a short term high, and then breaks above that short term high, and you have the ability to take a partial you should, because it
167 00:32:21 --> 00:32:30 will reward you for holding on to the trade. It's a logical level to take a partial every single partial listen. This is a really important fact. Go into
168 00:32:30 --> 00:32:41 your notes. Okay, when it comes to taking partials or taking partial profits, when you're long, every short term high that is broken, as I'm indicating here,
169 00:32:43 --> 00:32:52 that is a candidate for you to take a partial. It's better for you to take a partial than it is for you to move your stop loss. It's real important for you
170 00:32:52 --> 00:33:00 not to try to move your stop loss in the early stages of your development, because you think it's productive for you to lock in profit. But the only thing
171 00:33:00 --> 00:33:09 you're actually doing is is you're increasing the level of uncertainty anxiety, and you're gonna be worrying about your stop loss getting hit, versus watching
172 00:33:09 --> 00:33:16 and studying whether the price is still giving you the indications that it's going to still pan out to what you thought was likely to occur before you put
173 00:33:16 --> 00:33:17 the trade on the beginning.
174 00:33:22 --> 00:33:35 You I just realized I didn't do a sound check. Let me let me see if I can pull up my I don't have my headphones with me. I'm really unorganized this morning.
175 00:33:35 --> 00:33:48 But that's okay. That's okay. Let's see a lot of comments from the post I put on. Just want to hear something real
176 00:33:57 --> 00:34:19 quick. Audio, check. Audio, check. Okay, that's good. It's not bad. It's about 334, seconds delay at the we fell just short of the upper third quadrant. We
177 00:34:19 --> 00:34:28 swept the high here, swept the high here, with that high, and then slip back down into the one minute bicep and balance cell sign efficiency that fair value
178 00:34:28 --> 00:34:38 got. And then touch that 15 second fair value gap there, right to the tick. And now we're just banging around between the lower quadrant of that daily volume
179 00:34:38 --> 00:34:50 imbalance, that shaded area here. It's in pink. It goes as high as this and as low as that. So you can see right away. You can see how this is a whole lot of
180 00:34:50 --> 00:35:01 stuff to manage on a chart, which, in my mind, it's a lot easier to manage if you have the levels, you the values itself on a notepad. It. So I'm constantly
181 00:35:01 --> 00:35:14 referring back to where we are, in reference to these levels. And when I was younger, I used to work with graph paper, and I would have these levels written
182 00:35:14 --> 00:35:23 out on piece of graph paper, and then wherever we opened up at I would put a little like a little I would draw like a dot, representing where the opening
183 00:35:23 --> 00:35:32 price is. And every 15 minutes, I would know where the highest high and the lowest low, in reference to that. So what I was teaching myself was, if I can
184 00:35:32 --> 00:35:44 use the information while I was driving, okay, I'm driving in a Suzu cargo, step in with candy and snacks and whatever junk food in the back of it. Because I was
185 00:35:44 --> 00:35:54 working as a vendor, I would fill these machines up on my job. So I was trying to visualize what the intraday charts were doing using my quote track, which was
186 00:35:54 --> 00:36:02 simply giving me the numeric value of what the market has done today. And I would note the initial highs and initial lows. So every time we made a higher
187 00:36:03 --> 00:36:12 high, I would track that, and it would give me a visual representation. Though I didn't have a live chart in front of me because we didn't have the ability to
188 00:36:12 --> 00:36:22 have that then, but I was getting real time quotes, so it was allowing me to draw out whatever market I was working with with a piece of graph paper. So it
189 00:36:22 --> 00:36:33 gave me a reference point of, okay, I know it made this high here, and it made a higher high, and I would write down the rough time, like, if it was 1015 10
190 00:36:33 --> 00:36:41 o'clock, 1115 you know, one o'clock in the afternoon, something to that effect, yeah, I would have a reference point. So it was a very crude way of referencing
191 00:36:41 --> 00:36:51 and mapping what price has done and where certain highs were and where certain lows were. And I was seeing by doing that with the graph paper, it would create
192 00:36:51 --> 00:36:59 these relative equal highs and relative equal lows. And eventually, if I'm long or I'm bullish, I would want to see these things plow through it like we have
193 00:36:59 --> 00:37:07 these relative equal highs here, but we're having all this consolidation, so I would demand that it wants to reach up here aggressively and trade into here,
194 00:37:07 --> 00:37:09 not spend a whole lot of time in this stuff.
195 00:37:19 --> 00:37:31 But there's been opportunity here this morning for you to capture screenshot where setups were formed using the gap closure here, trading above, come back
196 00:37:31 --> 00:37:40 down. Use the gap as support. Because if the opening range gap, which is this, I'm I
197 00:37:46 --> 00:38:01 want to put it on the close of that candle. So I'm looking up here 19,008 50 and a quarter, that that price, this opening range gap, which, again, is the
198 00:38:01 --> 00:38:10 difference between previous day's settlement and where we open at 930 that range you want to keep it on your chart, extend it throughout the day, because it will
199 00:38:10 --> 00:38:19 use those levels, the high, the low and its quadrant levels, they will be used over and over and over again. Every time trice price is allowed to trade through
200 00:38:19 --> 00:38:27 it and back to it, they'll reference it. The algorithm will refer back to those levels again. But we want to see days do these types of things, where if we
201 00:38:27 --> 00:38:38 expect prices to trade higher, we want to see the opening range gap. If it gaps lower, that's the entice traders to be short. Then you see the gap fill, which
202 00:38:38 --> 00:38:48 is generally what you expect to see at the very minimum, highest probability is, if you get a gap lower opening, mark out 50% of that, because if you can capture
203 00:38:48 --> 00:38:56 that as a run on price, you can do a lot of bread butter trade setups like that, and have no bias. You don't even need to be right on the bias, because there's
204 00:38:56 --> 00:39:06 such a high degree of the market returning back to the middle of the gap, whatever the gap opening is at 930s opening bell, if there's a gap lower in
205 00:39:06 --> 00:39:14 relative terms to what we saw in the previous day settlement, which is this candle here at 415, regular trading hours, look down here in the lower right
206 00:39:14 --> 00:39:24 hand corner. You see that if there's a large gap down like that, mark out the midpoint. Use a Fibonacci to simply do that, and then wherever that midpoint is
207 00:39:24 --> 00:39:32 where we opened, it's going to gravitate to that even if it goes lower, it's going to go back to that midpoint. I promise you, that is one of the surest
208 00:39:32 --> 00:39:44 things in trading. It's such a strong, strong trunk. It's really strong. It gives you an opportunity to be a part of a setup that is many times ignored,
209 00:39:44 --> 00:39:53 because everybody knows about gaps, okay, yes, and they want to see the gap close. Well, there are times when the gap doesn't close and it only goes back to
210 00:39:53 --> 00:40:02 halfway, and then it just rockets in the direction of the gap, and it only gives you the opportunity to see fluctuations to. Half the gap being filled in. But
211 00:40:03 --> 00:40:10 apart from that, if the gap can close, and we're bullish, we want to see it leave the gap, like it does here, and then come back down. Look at the bodies,
212 00:40:10 --> 00:40:19 look at that stop and rate the high of the opening range gap. So that opening range of that gap, it's stopping, the wicks are going inside this body opens,
213 00:40:19 --> 00:40:27 and then we send it back above what's in close proximity to the high end of that opening range gap. It's the new day opening gap for today that was formed
214 00:40:27 --> 00:40:40 between the difference at settlement at 5pm yesterday evening, New York local time, to the opening again at 6pm so one hour pause in trading. We annotate
215 00:40:40 --> 00:40:50 that? Well, we're working off that this candlestick comes right down to the low of it and sends us again higher. We were using the reference points on the one
216 00:40:50 --> 00:40:59 minute chart here came down. We saw the wick come down to the consequent question on this highest wick here, midpoint of that. So if it's going to
217 00:40:59 --> 00:41:11 overshoot this fair value gap, you can determine just how far it can do that if you watched what I was doing in recorded sessions, or when I was doing the
218 00:41:11 --> 00:41:19 Twitter, when I was calling out the moves one minute, one minute candle at a time, and I'd say, Okay, what you just saw was a mohawk where it just goes just
219 00:41:19 --> 00:41:27 Outside the fair value gap, that's permissible price action. But when it's trading down like that, and it's a bearish candle, it's scary because you're
220 00:41:27 --> 00:41:37 thinking, Oh, it's going to fail. But you have to have a framework in measuring where is it reasonable it can still move in the direction you think the trade's
221 00:41:37 --> 00:41:46 going to go. But how do you hold on to it? ICT, how do you not get scared or shaken out of it? Well, it needs to occur with things like this, where we can
222 00:41:46 --> 00:41:57 measure it, and so by having these wicks, or if there was a larger inefficiency that want to trade down into that's what makes me confident what I'm saying this
223 00:41:57 --> 00:42:04 is going to be a mohawk, okay? And I've done it live. I've done it live. My private students, I've done it live, over Twitter spaces, calling every
224 00:42:04 --> 00:42:15 individual candlestick. But when we start seeing these things and it starts promoting higher prices, we, each time, measure what the lower time frame like.
225 00:42:15 --> 00:42:24 We're using the 15 second chart here, all of this in here, reaching out to lower quadrant midpoint. We rally a little bit, but then we have these little, tiny,
226 00:42:24 --> 00:42:37 little fleeting attempts to try to get up to where we're aiming for. And then we slip lower, sell side, sell side. Went down. We cross back over top. The New Day
227 00:42:37 --> 00:42:47 of being gap. We're inside of that opening range gap. Again, I want to put the quadrants on this so you can see what we're looking at in that perspective.
228 00:42:52 --> 00:43:04 So there's a quadrants inside of that opening range gap. I'm going to take this Ferrari gap off, because it's a whole lot of stuff going on right now, and I'll
229 00:43:04 --> 00:43:18 make reference to it should we need to see it again, but you want to have these levels on your on your chart while your screen capturing and logging. So here's
230 00:43:18 --> 00:43:29 the 15 second time on the right hand side, and the one minute chart over here. Do we come back out of the shaded area here in gray, which is the opening range
231 00:43:29 --> 00:43:30 gap?
232 00:43:36 --> 00:43:45 If we do, does it react off the New Deal being got in here? So this is, this is the next draw. If it wants to retrace, we have a sell side and balance spots on
233 00:43:45 --> 00:43:50 efficiency here, which is overlapping with the new do we got?
234 00:44:01 --> 00:44:11 Remember, we're closing the session at 1030 I mentioned this yesterday because I want the sessions to be smaller so that way my son can digest in there. They're
235 00:44:11 --> 00:44:20 too much, they're too there's too many, too many hours in each one, each each night when he's done working, you only have so much time, because he does 12
236 00:44:20 --> 00:44:34 hour shifts. Some of you are like, thank you. Weeks off, come on. ICT do eight hour sessions
237 00:44:40 --> 00:44:55 so we have low of day liquidity resting right below here, and then inside that, we have all these little pockets of inefficiency and relative equal lows right
238 00:44:55 --> 00:45:14 here. I. I have a little bit of sell side there. After we had a big pump up in the last 15 minutes or so of the day session yesterday, we gapped down, pumped
239 00:45:14 --> 00:45:26 it up one more time. That inefficiency that's remaining above here, that has been placed on the back burner for right now. And we're studying how we're
240 00:45:26 --> 00:45:36 behaving inside of that opening range from yesterday's previous day settlement at 415 Eastern Standard Time. And then we have the opening price today at the
241 00:45:36 --> 00:45:48 opening bell at 930 we round it up, we worked the top of that opening range, gap here, and touched what level the new date, opening gap low. And now we want to
242 00:45:48 --> 00:45:56 see it work below this low here, and probe and see what any interest at all below that after that cell size, engaged. I
243 00:46:10 --> 00:46:22 now, if you look at what we were outlining over here, and how we were running up to the low the lower quadrant, and then reaching up to this level here, all of
244 00:46:22 --> 00:46:33 this is distribution around the target we are looking for, which is midpoint of the volume valve daily chart, which is that low to that high. Then it slipped
245 00:46:33 --> 00:46:42 lower by having partials taken off. Here, it doesn't matter if it does this, because Caleb would have already distributed his long position, and he would
246 00:46:42 --> 00:46:52 have had booked profit up here at the premium levels, near the highs, and when it's down here like this, it's very, very comforting to know that even if you're
247 00:46:52 --> 00:47:01 wrong about where you think it's going to get to, ultimately, by distributing your your position, as I'm teaching with running down equity, And my students
248 00:47:01 --> 00:47:09 know this is not just form fitted for the sake of the live stream. I actually taught this in mentorship, that that element, we've already tapped that level.
249 00:47:09 --> 00:47:18 Once you a little bit of an expansion in here, see if it has any interest to dig down in, make an attempt to get down below yesterday's afternoon session. Rally
250 00:47:18 --> 00:47:29 here, the the trade idea for my son, his trade would be completed soon it hit the consequent encouragement level, and then he'd have to watch and observe.
251 00:47:29 --> 00:47:42 Does it go there? That's the, that's the the graduated example going in, having a model reaching for a target, but not requiring that target to be hit to be
252 00:47:42 --> 00:47:54 finding profitable exits for your trades. That's a huge paradigm shift, when you can take your time and spend it more economically. So that way, you're not in a
253 00:47:54 --> 00:48:03 state of panic or fear while you're engaging price, which makes it makes learning hell when it's like that, but when it's disarming and relaxed, like
254 00:48:03 --> 00:48:11 we're doing here, nobody's pressing any buttons, nobody's saying it has to do this. Nobody says it has to do that. It frees you up to watch what price is
255 00:48:11 --> 00:48:22 doing. So that way you can recognize certain aspects of pattern and pattern formation. So that way it leads to pattern recognition, because repetition will
256 00:48:22 --> 00:48:32 provide the recognition before you can recognize it. You gotta see it multiple times. That means you have to expose yourself to what watching price action, and
257 00:48:32 --> 00:48:41 it has to meander around without you making or losing anything. And by doing that, it teaches you to key up on the things that make sense to you. What your
258 00:48:41 --> 00:48:48 eye sees as an opportunity isn't going to be the same thing that I see that other people watching the same live stream, they're not going to see the same
259 00:48:48 --> 00:48:56 thing either. It doesn't mean that you're going to have that unprofitable model. We are not all going to have the collective opinion about watching price action.
260 00:48:57 --> 00:49:07 We might think it's bullish or bearish generally for the day, but I have traders that are going long and short in the same day, and they're both profitable and
261 00:49:07 --> 00:49:17 are trading at different times of the day using different models. And it sounds like it shouldn't be possible, like everybody should be doing the same thing.
262 00:49:17 --> 00:49:24 And that's not true, because I've given the tools for you to make this your own. You go in, you plug in what you're trying to trade on. For some of you, for
263 00:49:24 --> 00:49:35 example, let's cover real quick as prices chat room. I mentioned how when we opened down here and we had the gap soon as you see where we settled yesterday,
264 00:49:35 --> 00:49:42 and you're watching Real Time price action before I actually got on the live stream, you knew we were going to open lower than that. So we're going to have a
265 00:49:42 --> 00:49:52 gap lower opening. So you wait for the first tick, soon as you drop your fib on that, you know that 834, is midpoint. That's the consequence of the opening
266 00:49:52 --> 00:50:00 range gap. So you could look for a retracement right in there. And I've done many times this very trade where I don't even look for. Anything except for as
267 00:50:00 --> 00:50:07 soon as it starts opening and trading. If I have range between where it's at when I first see it and where the midpoint of the gap is, I'll go long right
268 00:50:07 --> 00:50:16 there. Most of you would be scared shitless to do that, but I know that this math that is always likely to see that midpoint gap traded to because if it's
269 00:50:16 --> 00:50:24 going to go lower, if it's going to go lower, it's going to do this halfway, then drop, or halfway, a little bit more failure to close in then drop. But if
270 00:50:24 --> 00:50:31 it's going to be bullish, and we're expecting things up here, as outlined yesterday and last Tuesday, then means that we're anticipating the likelihood it
271 00:50:31 --> 00:50:42 wants to go above the gap, and then when we see that, then it touches it here. So a gap is going to be used as a future point of reference for the algro to
272 00:50:42 --> 00:50:51 start keying off of and start spooling. So if it's bullish higher time frame, and we're expecting higher prices, and we have something up here that needs to
273 00:50:51 --> 00:51:00 be revisited in a perfect world for efficiency, then this is going to act just like an old fair value gut. It's going to find support there. And do we see
274 00:51:00 --> 00:51:08 signatures that support that? Yes, the bodies are saying, I'm not interested in going back down in there, even though we had Wix doing it. And then we see price
275 00:51:08 --> 00:51:20 displace again, and it supports around what the new day, opening gap. And you see that element of price delivery over here. You enter around displacement,
276 00:51:20 --> 00:51:30 dropping back down. Perfect delivery to new day, opening gap. Rally, fair value gap. Boom, that's right. There is institutional order, financial drill. Here's
277 00:51:31 --> 00:51:42 your fair value gap. All you gotta do is use that candlestick plus one tick you would be filled there. Rallies, this is the high watermark of the daily sell
278 00:51:43 --> 00:51:52 sound imbalanced by sound efficiency, where the gap is on the daily chart. That was your first objective before you get to the volume imbalance, which is the
279 00:51:52 --> 00:52:07 pink shade area here. Then we route up, hit that low dug in, dug in, back down in order. Block there rallies almost immediate rebounds on that candlestick, I
280 00:52:07 --> 00:52:14 would have been I would have been expecting that. If I was just watching price, I would have expected that to happen. It didn't deliver there. That's fine. The
281 00:52:14 --> 00:52:21 fact that it didn't do it is that good or bad? It's good. It means it's left abortion open. So what's going to reach for it? That lower quadrant we were
282 00:52:21 --> 00:52:30 aiming for. Does it have the ability to trade there? Does it do it with speed? Yes. Then if it does, and it has those things, if it has speed, if it has a real
283 00:52:30 --> 00:52:38 desire to get there, that means then we should have no problem getting to the midpoint, which is there. And what does it do? It trades right to it. We have a
284 00:52:38 --> 00:52:47 little bit of retracement and pump it up one more time, short term high after targets being reached every milestone by having predetermined levels of what you
285 00:52:47 --> 00:52:57 think is a minor target. Minor targets are initial candidates. If it can trade there and you can afford yourself a partial, you'd be doing it anyway here. If
286 00:52:57 --> 00:53:05 you didn't take a partial here and it rallies above that short term high, you better be taking something off, because in your limited experience, you're not
287 00:53:05 --> 00:53:15 going to know when it's going to do things like this. If you don't take the partial profits, you're going to be seeing a winning trade turn against you,
288 00:53:15 --> 00:53:24 which is the reason why I preach and teach that taking partials is a professional mindset. It's not someone that doesn't hold on to their trade. It
289 00:53:24 --> 00:53:32 doesn't mean that you're weak. Doesn't mean that you don't have convictions, or you open the trade up with the XYZ amount of risk. Why would you want to take
290 00:53:32 --> 00:53:43 trade partials off when you started the trade? Fuck when I started trading. Fuck that. You're trying to make money. You you're trying to make money. You don't
291 00:53:43 --> 00:53:50 know in the beginning of your development, when your trades are on side, you don't know that. You only know that when you get out of the trade and it was
292 00:53:50 --> 00:53:59 profitable. But while you're watching it, you have all these things swirling around, and these dollar menu mentors, people all around the world that try to
293 00:53:59 --> 00:54:07 give you these little tidbits. They think they're instilling some wisdom in you, and they're really giving you bullshit. You have to take partials. You have to
294 00:54:08 --> 00:54:17 because you don't know what you don't know. You don't have the experience. And what matters more being right or constantly making fucking money, constantly
295 00:54:17 --> 00:54:26 making fucking money, but social media says you have to be right, or it don't. It don't matter. It's cap, unless you're right. You didn't get to your target.
296 00:54:26 --> 00:54:34 Who gives a fuck that? You made 17,000 real dollars. You didn't get to your target. You suck. That's the mentality. That's what, that's what the measurement
297 00:54:34 --> 00:54:44 stick is. They have to be right. Their thing has to be perfect. It has to go to your targets. Your logic has to be, you know, convincing to the degree that
298 00:54:44 --> 00:54:51 where you got in, where you're hoping to get out, it has to do that. But what happens if it doesn't? What happens if you're watching price and you're seeing
299 00:54:51 --> 00:55:01 signs that it's petering out a little bit, it's not finding the ability to climb up to that next level or threshold of objectives? I. Do you close the trade and
300 00:55:01 --> 00:55:09 panic? Do you close it in panic? Here? Have you controlled the risk too far by putting your stop loss below a low like that, where it's asking get knocked
301 00:55:09 --> 00:55:19 down? So I teach my students, and I'm teaching my children to think about taking partials before moving your stop loss, because number one, it rewards you for
302 00:55:19 --> 00:55:29 doing the right things you've held on to the trade to that point, you have a profitable partial. That means, if you put your stop loss to cover costs, at
303 00:55:29 --> 00:55:38 that point, theoretically, you don't have any chance of losing money. That's a huge paradigm shift for someone that's developing as a trader. You don't know
304 00:55:38 --> 00:55:45 what that feels like until you get there. So there's a little bit of a spike below that. So want to see, do we maintain that or come right back up in the
305 00:55:45 --> 00:55:53 range between this high and what we've seen here by taking the liquidity below there, that was a little too shallow. I like that run there. That was a little
306 00:55:53 --> 00:56:03 bit better. So if we start losing some ground below here, we might be interested in seeing this area over here, because there's a it's a lot of liquidy resting
307 00:56:03 --> 00:56:04 there.
308 00:56:09 --> 00:56:16 But you're listening to folks say partials are stupid, because when you first start the trade, you take on a certain measure of risk, okay, but when I put a
309 00:56:16 --> 00:56:25 trade on, I'm not looking to hold on to that same measure of risk. The initial stop loss isn't going to be there as the trade progresses in my favor, like I
310 00:56:25 --> 00:56:34 have protocols. It tells me when I want to move my stop and it isn't always moving it to a level that would always stop me out prematurely. If I'm trying to
311 00:56:34 --> 00:56:42 be aggressive about something, and I'm going to be trading all day, that means I'm buying and selling up, down, up, down, all day long. I will be a little bit
312 00:56:42 --> 00:56:48 more aggressive about moving my stop loss there, because I know that I'm going to be taking another trade, and it may be going against this trades direction,
313 00:56:48 --> 00:56:55 I'm going to trading back and forth, back and forth. That's a higher form of trading, and that's something that's going to take you a decade or more to get
314 00:56:55 --> 00:57:02 to where you're just buying and selling. You have a flexible just, you're just trading price action. You're not going to be able to do that in a couple years.
315 00:57:02 --> 00:57:08 Okay? I promise you that anybody tells you they can, they and they done it in like six months, and nobody taught them how to deal with using my language.
316 00:57:08 --> 00:57:22 They're using my vernacular. They're bullshit. But long and short it is, you want to be able to graduate in not have to have everything laid out like I'm
317 00:57:22 --> 00:57:28 only going to work in one bias, but you have to have a framework or a structure in the beginning, because otherwise, how can you, how can you measure your
318 00:57:28 --> 00:57:38 progress? But when you really understand what you're doing, and you understand what price is doing, and you understand how you can be bias less, you simply go
319 00:57:38 --> 00:57:48 out there and you're trading price based on what time of day it is and what it's reaching for, then you're literally liquid where you're just going in. You're
320 00:57:48 --> 00:57:55 taking every possible scenario and weighing out, if that's a trade for you at the moment, and you don't have to take every single one of them, but over time,
321 00:57:55 --> 00:58:03 you'll see that you can be buying and selling, making 1015, 20 handles down. 1015, 20 handles up, 1015, 10, back and forth, back and forth. And you can do
322 00:58:03 --> 00:58:11 100 150 handles, 200 handles in a day, going back and forth. And you can afford to have two or three losing trades, get stopped out, go break even, cover some
323 00:58:11 --> 00:58:23 costs, lose commission only, and still have, you know, triple digit handle runs or triple digit pips in a day. But the market you're trading has to have the
324 00:58:23 --> 00:58:32 ability to have that measure of volatility and not just be wonky back and forth, you know, aimless price delivery, where it's better for you to say it's not,
325 00:58:32 --> 00:58:43 it's not really doing that. It's a day for me to take one trade and be done. Maybe take one in the morning, one afternoon and be done. Or maybe take one, get
326 00:58:43 --> 00:58:56 the afternoon reversal, some kind of a lunchtime macro, and then be done. But having the flexibility and the freedom to go in and trade, you know, without a
327 00:58:56 --> 00:59:04 bias, that's going to be the highest form of you and your understanding and trading. But I teach it. I'm teaching my children with the lectures that I put
328 00:59:04 --> 00:59:15 out for them, to at least start there. Okay, so it is approaching 1030 I promised my son and all of you that we would try to keep these things to a
329 00:59:15 --> 00:59:28 little bit more manageable time frame. I like the idea of still getting up here that may demand an afternoon or tomorrow framework to do that. I don't know what
330 00:59:28 --> 00:59:38 we're going to see in the afternoon right now based on what we're seeing, because it's a rather quiet news day. I am not I'm not abandoning, let's say it
331 00:59:38 --> 00:59:49 that way. I'm not abandoning trading up into here for today. I think that there's a lot of buy side resting here. They set a lot of folks in motion that
332 00:59:49 --> 01:00:01 maybe we topped and liquidity sitting right here. And I'll just note it so I made so much hard next time see each other. This is the buy side I'm. Yeah, and
333 01:00:01 --> 01:00:15 I outlined today live with you the the morning run, where the liquidity would go and what the price delivery continuum theory would show, what, using a one
334 01:00:15 --> 01:00:26 minute chart, how far it can go outside the realm of a fair value gap covered outside of lines with the wicks, and where the entry models would be, and that
335 01:00:30 --> 01:00:34 that's undeniable. Again, you can argue that it's been shown to you.
336 01:00:40 --> 01:00:53 All right, so that buy side, everything that was outlined all through here with the 15 second one minute chart, PDA race, and where it reached up to the lower
337 01:00:53 --> 01:01:03 quadrant and the consequent encroachment. Go back and look at your charts and your examples of when you would expect a certain level to draw on liquidity.
338 01:01:04 --> 01:01:13 Again, as a reminder in closing, you do not need that draw on liquidity to be reached by price. That doesn't equate to success. Success is measured by where
339 01:01:13 --> 01:01:25 you can see a beginning point where price can move from up to that Terminus. And if you can frame a setup that allows you to have 1520 handles, then in my
340 01:01:25 --> 01:01:35 definition, that is a high probability, likelihood that Caleb can take that trade. So it's not a guarantee you're going to be profitable in it, but it's a
341 01:01:35 --> 01:01:44 green light that you can take it, and all you do is simply look for inefficiencies, because his model is gaps, and he's looking for inefficiencies
342 01:01:45 --> 01:01:55 in price action, gravitating and keying off of new day, opening gaps, new week, opening gaps, and ringing in the hard time frame, as we were talking about
343 01:01:55 --> 01:02:02 yesterday. It's not just simply intraday charts. So we're looking at elements that are found on the weekly and daily chart, and we'll be segwaying more into
344 01:02:02 --> 01:02:12 that next week, when we're looking at how to hold on the trades better. I'll touch on that today a little bit as a kind of get your app tight wet, but focus
345 01:02:12 --> 01:02:20 right here, going into lunch. Okay, right down here, pretty close relatives. And that's going to be it for today. Hopefully you found this insightful, and until
346 01:02:20 --> 01:02:23 I'll talk to you tomorrow, Lord willing be safe. You.