ICT YT - 2024-08-23 - ICT 2024 Mentorship - Lecture 15-summary

# Summary

ICT YT - 2024-08-23 - ICT 2024 Mentorship - Lecture 15

The ICT YT session on August 23, 2024, focused on analyzing the NASDAQ's opening range gap and daily buy some balance cell sign efficiency. The speaker highlighted a premium gap opening at 9:30, with the midpoint at 9:45. Key levels included the daily high at 10,000 and the mid-gap at 9,800. The session also covered the impact of the Jackson Hole symposium on market manipulation and the importance of monitoring the wick and opening range gap. The speaker emphasized the need for immediate rebalancing and cautioned against long positions due to potential market volatility.

 Outline

# NASDAQ Analysis and Opening Bell Preparation
- ICT discusses the challenges faced with OBS and greets the participants.
- ICT explains the five-minute levels and grading the daily buy some balance cell sign efficiency.
- ICT shows the high and low candles, grading the gap, and discusses the potential for a follow-through on the gap opening.
- ICT mentions the premium gap opening and the need to set up regulating hours and a prominent line at the opening price.

# Futures Broker and Screen Setup
- ICT mentions the futures broker screen not showing up and sets it up again.
- ICT explains the premium gap opening and the midpoint of the opening range gap.
- ICT discusses the daily chart and the mid-gap levels, emphasizing the importance of watching the opening range gap.
- ICT provides a disclaimer about the gap and the regular trading hours, mentioning the fair value gaps.

# Energy Levels and Trading Hours
- ICT talks about feeling low on energy due to lack of sleep and mentions the scheduled closing time at 10:30.
- ICT describes the uniform opening session and the initial drop-down after a modest rally.
- ICT mentions the high of the daily chart and the fair value gap, and the importance of watching the wick.
- ICT discusses the lack of significant displacements higher or lower and the importance of the opening range gap.

# Price Action and Opening Range Gap
- ICT explains the lackluster price action and the importance of the opening range gap.
- ICT mentions the encroachment of the wick and the completion of the opening range gap.
- ICT discusses the potential for the price to reject the current levels or continue higher.
- ICT talks about the New Day opening gap and the importance of watching the price action around it.

# Jackson Hole Symposium and Market Manipulation
- ICT discusses the Jackson Hole symposium and its impact on market manipulation.
- ICT mentions the importance of watching the midpoint of the opening range gap and the potential for a run to the daily city high.
- ICT talks about the importance of the New Day opening gap on the 22nd and the potential for a failure to reach it.
- ICT emphasizes the need to stay on the lower half of the range and the potential for heavy manipulation.

# Final Thoughts and Closing Remarks
- ICT discusses the importance of staying on the lower half of the range and the potential for heavy manipulation.
- ICT mentions the importance of watching the wick and the potential for a repricing to the midpoint.
- ICT talks about the challenges of the week and the need to put up with more stuff than usual.
- ICT closes the session, mentioning the importance of staying safe and talking to the community later.