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2 |1 |00:00:10 ~-~-> 00:00:14 |ICT: Welcome back, folks. All right, so we're gonna be doing a review on the
3 |2 |00:00:14 ~-~-> 00:00:22 |video recorded Friday. I gave you both renditions of I gave you the sped up
4 |3 |00:00:22 ~-~-> 00:00:27 |version, where I condensed over 90 minutes of trading down to eight minutes
5 |4 |00:00:27 ~-~-> 00:00:35 |and 10 seconds. So it's there for for both of the category of student you are,
6 |5 |00:00:35 ~-~-> 00:00:39 |if you're a real quick and you just don't have time to be you being diligent
7 |6 |00:00:39 ~-~-> 00:00:42 |about it, and you're not here really, to properly learn. You can be entertained
8 |7 |00:00:42 ~-~-> 00:00:46 |by watching the short, sped up version for the ones that want to really learn
9 |8 |00:00:46 ~-~-> 00:00:50 |what it is I'm teaching you here. I provided you the entire recording so
10 |9 |00:00:50 ~-~-> 00:00:56 |that way, nothing is hidden everything as it occurred at regular speed. You can
11 |10 |00:00:56 ~-~-> 00:01:01 |watch the fluctuations of the 15 second chart and the one minute chart
12 |11 |00:01:01 ~-~-> 00:01:10 |respectively. I'm going to go over what the pre trade analysis was okay, and
13 |12 |00:01:10 ~-~-> 00:01:14 |I'll walk you through what I was observing and how everything should have
14 |13 |00:01:14 ~-~-> 00:01:18 |panned out, in addition to what I was executing on, which is obviously very
15 |14 |00:01:18 ~-~-> 00:01:24 |salient and clear on that 15 second chart. So everything that I was
16 |15 |00:01:24 ~-~-> 00:01:28 |annotating on 15 second chart in addition to this. So I'm saving a great
17 |16 |00:01:28 ~-~-> 00:01:34 |deal of extra stuff that I could make the video longer with. It's for those
18 |17 |00:01:34 ~-~-> 00:01:37 |that want to study it. So that way you're going to compare and contrast
19 |18 |00:01:37 ~-~-> 00:01:40 |what I'm showing you here. Have that also on your notes as you're watching
20 |19 |00:01:41 ~-~-> 00:01:46 |that 15 second chart. If you take the levels I'm putting on here and you apply
21 |20 |00:01:46 ~-~-> 00:01:54 |them to your chart, and you watched what I did on the Friday pm session, you will
22 |21 |00:01:54 ~-~-> 00:01:58 |have a better view, better and a more comprehensive understanding about what
23 |22 |00:01:58 ~-~-> 00:02:04 |it is I was doing. But this is the stuff that I tell you that is in my notepad
24 |23 |00:02:04 ~-~-> 00:02:10 |next to me. I'm going to show you how I get the information and then how I use
25 |24 |00:02:10 ~-~-> 00:02:15 |it, how I used it on Friday, and then once you have an understand what it's
26 |25 |00:02:15 ~-~-> 00:02:19 |likely to draw to and how it should behave. Understanding, real order flow,
27 |26 |00:02:19 ~-~-> 00:02:23 |institutional order flow, algorithmic, price, delivery, all those components
28 |27 |00:02:23 ~-~-> 00:02:30 |meshing and coming together perfectly. You have something in the hands that are
29 |28 |00:02:30 ~-~-> 00:02:38 |capable. It looks too good to be true. It looks too mesmerizing. It looks too
30 |29 |00:02:38 ~-~-> 00:02:49 |perfect. And it's these types of trades that have garnered me the the label that
31 |30 |00:02:49 ~-~-> 00:02:54 |has to be delayed data. And I take that as a great compliment. I love that. I
32 |31 |00:02:54 ~-~-> 00:03:00 |absolutely love it, because if viewers are watching it, and I leave them with
33 |32 |00:03:00 ~-~-> 00:03:05 |no doubt, like I show everything that's possible, showing you that it's not
34 |33 |00:03:05 ~-~-> 00:03:10 |Market Replay, it's not delayed data. Everything's live. And for the folks
35 |34 |00:03:10 ~-~-> 00:03:14 |that sit with me and watch me call out live price action, and every individual
36 |35 |00:03:14 ~-~-> 00:03:18 |one minute candle and sub one minute candle and how it should behave and
37 |36 |00:03:18 ~-~-> 00:03:23 |where it should draw to next, it's not hard to see the bridge is just the
38 |37 |00:03:23 ~-~-> 00:03:30 |experience factor between what I'm executing and what I am teaching and
39 |38 |00:03:30 ~-~-> 00:03:34 |when I showcase with real live tape reading in front of 10s of 1000s of
40 |39 |00:03:34 ~-~-> 00:03:38 |people that are watching when I'm live streaming. All right, so I started with
41 |40 |00:03:38 ~-~-> 00:03:43 |a weekly chart, and Caleb, this is kind of like where we're going to take you to
42 |41 |00:03:43 ~-~-> 00:03:48 |the higher time frame. So this week we're teaching how to find the setups,
43 |42 |00:03:48 ~-~-> 00:03:52 |where the setups will form. So this is going to kind of like ease into that,
44 |43 |00:03:53 ~-~-> 00:03:59 |and then later tonight, I will have Caleb's first video on his channel. So
45 |44 |00:03:59 ~-~-> 00:04:04 |I'm going to be putting content initially on his channel, so it gives
46 |45 |00:04:04 ~-~-> 00:04:08 |him a basis on what he should be doing, because, admittedly, from what I shared
47 |46 |00:04:08 ~-~-> 00:04:12 |so far, he needs a little bit more clarification on what he should be
48 |47 |00:04:12 ~-~-> 00:04:16 |practicing and studying and how to annotate his charts. So I will be doing
49 |48 |00:04:16 ~-~-> 00:04:19 |some of those things each day, kind of like along the same lines of what I'm
50 |49 |00:04:19 ~-~-> 00:04:23 |showing you here as a top down analysis and annotation. You're welcome to use
51 |50 |00:04:23 ~-~-> 00:04:28 |this one, okay, as a benchmark. Okay, but going forward, everything that is
52 |51 |00:04:28 ~-~-> 00:04:33 |shown in the examples on Caleb's channel, it's better for you to go into
53 |52 |00:04:33 ~-~-> 00:04:35 |your charts. And I know some of you don't have a lot of time. You're doing
54 |53 |00:04:35 ~-~-> 00:04:39 |other things in the world, and you think that no one's going to know any
55 |54 |00:04:39 ~-~-> 00:04:44 |different if you just screenshot my charts and or his, you're not saving
56 |55 |00:04:44 ~-~-> 00:04:51 |time. You're actually elongating the learning curve, because it's these
57 |56 |00:04:51 ~-~-> 00:04:54 |things that you should be doing in your own charts. And you don't know how long
58 |57 |00:04:54 ~-~-> 00:04:58 |this is going to go on, and we could stop this at any time. So if you don't
59 |58 |00:04:58 ~-~-> 00:05:01 |do in your own charts, you. You haven't really equipped yourself to do it
60 |59 |00:05:01 ~-~-> 00:05:07 |without me or my son, and kind of that's the point of this, right? So you can do
61 |60 |00:05:07 ~-~-> 00:05:12 |it on your own. So a weekly chart, if you see what we were doing here, we had
62 |61 |00:05:13 ~-~-> 00:05:19 |traded up here the previous week, and this is obviously showing what was now
63 |62 |00:05:20 ~-~-> 00:05:25 |last week's trading. So this hadn't formed yet right when we were trading in
64 |63 |00:05:25 ~-~-> 00:05:31 |the close of the previous week. So assuming that we were looking at the
65 |64 |00:05:31 ~-~-> 00:05:38 |market last Sunday at three o'clock in the afternoon, Eastern Time in us, this
66 |65 |00:05:38 ~-~-> 00:05:42 |is what the chart would look like. It would have this wick here, down close
67 |66 |00:05:42 ~-~-> 00:05:50 |candle, long, discount, wicked candle to up close, large, up close candle,
68 |67 |00:05:50 ~-~-> 00:05:55 |smaller, up close candle. And then we didn't see this start trading. It okay,
69 |68 |00:05:55 ~-~-> 00:06:01 |because the market starts trading and opens at 6pm Eastern time. So looking
70 |69 |00:06:01 ~-~-> 00:06:07 |back through this price action, I expect price to go higher. I've indicated this
71 |70 |00:06:07 ~-~-> 00:06:15 |for the entirety of the month of August, using the higher time frame. This wick
72 |71 |00:06:15 ~-~-> 00:06:22 |here, we had closed prior to the week we just ended here, prior week, we closed
73 |72 |00:06:22 ~-~-> 00:06:28 |here, which is above this wick. So if we're going to go back down into some
74 |73 |00:06:28 ~-~-> 00:06:37 |kind of a discount, we can measure this candles high, that candles low, and get
75 |74 |00:06:37 ~-~-> 00:06:40 |an approximation of where the midpoint is, or consequent encroachment, because
76 |75 |00:06:40 ~-~-> 00:06:48 |this is a myth cell side of deficiency. But if I have a candle like this that
77 |76 |00:06:48 ~-~-> 00:06:56 |makes part of the swing low, I want to incorporate that wick, and I want to
78 |77 |00:06:56 ~-~-> 00:07:02 |leave some of this down here open. So how far can a retracement go? Well,
79 |78 |00:07:02 ~-~-> 00:07:09 |theoretically, it could go down to this, candlesticks high, and that still would
80 |79 |00:07:09 ~-~-> 00:07:16 |be permissible. It's likely, most likely. It's stronger, most bullish. Can
81 |80 |00:07:16 ~-~-> 00:07:21 |I use any more adjectives that describe my my thought process here? I want it to
82 |81 |00:07:21 ~-~-> 00:07:29 |stay inside of this wick, not go any lower than the opening that candle. Now
83 |82 |00:07:30 ~-~-> 00:07:35 |we're trading down into this candlestick with last week's trading. So if we
84 |83 |00:07:35 ~-~-> 00:07:41 |highlight that range here, I'm highlighting the candles high and the
85 |84 |00:07:41 ~-~-> 00:07:47 |open, so the open of that candlestick and the high that is the entire range.
86 |85 |00:07:47 ~-~-> 00:07:52 |So I'm treating it like a gap, just like this would be reasonably expected to see
87 |86 |00:07:52 ~-~-> 00:07:57 |trade back down into it. But we aren't trading with myopic perspectives. We're
88 |87 |00:07:57 ~-~-> 00:08:01 |looking for a very specific algorithmic principles that are going to repeat,
89 |88 |00:08:01 ~-~-> 00:08:06 |that have to have some measure of logic behind them, otherwise you'll be trying
90 |89 |00:08:06 ~-~-> 00:08:11 |to capture every little fluctuation into a imbalance or inefficiency, thinking it
91 |90 |00:08:11 ~-~-> 00:08:16 |must close there. And that is the difference between what I teach and am
92 |91 |00:08:16 ~-~-> 00:08:19 |actively teaching, versus everybody else there that thinks they understand
93 |92 |00:08:19 ~-~-> 00:08:28 |imbalances. So the candlesticks wick here because we opened up here last
94 |93 |00:08:28 ~-~-> 00:08:35 |week. That makes this wick a discount array, because it's below where we
95 |94 |00:08:35 ~-~-> 00:08:39 |opened. So how far can it trade down? It can trade down to this. Candles open
96 |95 |00:08:39 ~-~-> 00:08:50 |right here. So the entirety of that Wix range, this opening price is an order
97 |96 |00:08:50 ~-~-> 00:08:56 |block because of every thing I just said. It's not just simply because of
98 |97 |00:08:56 ~-~-> 00:09:03 |the down closed candle. Everything, a part of it. It's a swing low. We closed
99 |98 |00:09:03 ~-~-> 00:09:11 |above we opened. We're above this wick, this imbalance. It'd be better if, what
100 |99 |00:09:11 ~-~-> 00:09:16 |if it leaves the lower half open, so it can trade down into this wick here and
101 |100 |00:09:16 ~-~-> 00:09:20 |touch the opening price, which it does efficiently. And it does go back past
102 |101 |00:09:20 ~-~-> 00:09:25 |this a little bit, but not much. That is a mohawk. It's something that is not
103 |102 |00:09:25 ~-~-> 00:09:30 |perfect, but it's something like your child just coloring outside the lines of
104 |103 |00:09:30 ~-~-> 00:09:33 |the coloring book page. You're not going to reprimand them. You're not going to
105 |104 |00:09:33 ~-~-> 00:09:36 |say, Look what you did wrong there. You're going to hang on your
106 |105 |00:09:36 ~-~-> 00:09:39 |refrigerator. You're going to take it to work with you. I use this analogy all
107 |106 |00:09:39 ~-~-> 00:09:43 |the time. So when the algorithm is repricing just outside the lines that
108 |107 |00:09:43 ~-~-> 00:09:48 |you think would define perfect price delivery, you can't assume that
109 |108 |00:09:48 ~-~-> 00:09:52 |something's broken. That's actually what you want to see. You want to see it made
110 |109 |00:09:52 ~-~-> 00:09:57 |an attempt to get below and did it accelerate going lower? No. Okay, so
111 |110 |00:09:57 ~-~-> 00:10:00 |with this framework here, we're going to start fleshing out. Some more
112 |111 |00:10:00 ~-~-> 00:10:06 |information. So here's half of that wick. So that price is 19,440.50
113 |112 |00:10:08 ~-~-> 00:10:14 |that is consequent encroachment of this wick. Can it trade below that? Yes, but
114 |113 |00:10:14 ~-~-> 00:10:18 |if it does go below it, we need to start seeing some measure of immediate
115 |114 |00:10:18 ~-~-> 00:10:23 |rejection. It needs to show strength. It needs to be able to quickly get out of
116 |115 |00:10:23 ~-~-> 00:10:30 |that area and not lay around in there a lot, just it can go down below it, but
117 |116 |00:10:30 ~-~-> 00:10:36 |it needs to reject it and start working towards the higher half of that wick, as
118 |117 |00:10:36 ~-~-> 00:10:42 |we see here. So I'm drawing your attention into this. So while yes, we
119 |118 |00:10:42 ~-~-> 00:10:48 |traded down to the opening of this weekly candle, we hit the order block.
120 |119 |00:10:49 ~-~-> 00:10:57 |We went to the low of this wick when we opened up last Sunday. Traded down to
121 |120 |00:10:57 ~-~-> 00:11:02 |it, but now my attention is here, inside of this portion of price action defined
122 |121 |00:11:02 ~-~-> 00:11:08 |by this candlesticks high and the midpoint of this entire wick. So what
123 |122 |00:11:08 ~-~-> 00:11:14 |I'm essentially saying is the bulk of what I intend to do trade wise, is going
124 |123 |00:11:14 ~-~-> 00:11:20 |to be better suited in this blue shaded area. Even if I do get something on a
125 |124 |00:11:20 ~-~-> 00:11:25 |long down here. That's fine, but it doesn't require me to absolutely get
126 |125 |00:11:25 ~-~-> 00:11:31 |something down here. It gives you flexibility. Basically, the best trades
127 |126 |00:11:31 ~-~-> 00:11:34 |will be down here, but the more opportunities will be up in this blue
128 |127 |00:11:34 ~-~-> 00:11:40 |shaded area. Okay, it'll make more sense as we drop down. So these are all things
129 |128 |00:11:40 ~-~-> 00:11:48 |that are expected. We want to see how we open up on Sunday. I never know where we
130 |129 |00:11:48 ~-~-> 00:11:52 |open up on Sunday. No one is going to know where we're going to open up on
131 |130 |00:11:52 ~-~-> 00:11:57 |Sunday, but that opening defines our new week. Opening gaps. So are we opening up
132 |131 |00:11:57 ~-~-> 00:12:03 |a higher than when we closed the previous Friday, or are we opening lower
133 |132 |00:12:03 ~-~-> 00:12:08 |than we would close the previous week's Friday, and that defines our new week
134 |133 |00:12:08 ~-~-> 00:12:13 |opening gap. You don't define your new week opening gap on weekly charts. You
135 |134 |00:12:13 ~-~-> 00:12:18 |don't do it on a daily chart. You deal with a one minute chart. Okay, so this
136 |135 |00:12:18 ~-~-> 00:12:24 |wick shade area here, just keep that in mind. And that blue shaded trend line is
137 |136 |00:12:24 ~-~-> 00:12:29 |that opening price on a opening price for a down closed candle on the weekly
138 |137 |00:12:29 ~-~-> 00:12:39 |chart. All right, so now we're into a daily chart, and here this blue shaded
139 |138 |00:12:39 ~-~-> 00:12:46 |area, that is where I want to be doing the book The bulk of my trading. If you
140 |139 |00:12:46 ~-~-> 00:12:50 |can trade back down into that weekly order block, which is again defined by
141 |140 |00:12:50 ~-~-> 00:12:57 |that blue line here, defining the order block from the weekly chart. It should
142 |141 |00:12:57 ~-~-> 00:13:02 |go down there briefly, not do blocks and blocks and blocks and blocks and blocks
143 |142 |00:13:02 ~-~-> 00:13:06 |of price action like this. It goes down, yes, and comes right back. That's
144 |143 |00:13:06 ~-~-> 00:13:10 |exactly what you want. So on a higher Time Frame, that indicates that we
145 |144 |00:13:10 ~-~-> 00:13:14 |potentially may be going higher, and until we start seeing evidence that it's
146 |145 |00:13:14 ~-~-> 00:13:20 |not the case, then we stick to a mindset that's going to go higher. So we look
147 |146 |00:13:20 ~-~-> 00:13:24 |for buy signals, preferably. Doesn't mean we can't look for shorts. It just
148 |147 |00:13:24 ~-~-> 00:13:29 |means that the majority of our leverage should be allocated to longs and not to
149 |148 |00:13:29 ~-~-> 00:13:35 |the shorts. So we have a buy sound and balance outside efficiency here. We'll
150 |149 |00:13:35 ~-~-> 00:13:39 |comment down in a second. But this low here, watch this here. That low is
151 |150 |00:13:39 ~-~-> 00:13:52 |19,100.50 so zero. That low is 19,001 40.25 that makes up a volume imbalance.
152 |151 |00:13:53 ~-~-> 00:13:58 |So on the daily chart, again, you can keep track of my charts up here. It's
153 |152 |00:13:58 ~-~-> 00:14:01 |the daily chart. So we have a volume imbalance. And I already know what
154 |153 |00:14:01 ~-~-> 00:14:04 |you're thinking. I already know what your questions are going to be, and I
155 |154 |00:14:04 ~-~-> 00:14:08 |know what you're asking right now. And you want to know, can you just talk
156 |155 |00:14:08 ~-~-> 00:14:14 |about and I'm going to talk about it, trust me in a minute. Here is our buy
157 |156 |00:14:14 ~-~-> 00:14:19 |side of balance, cell sign of efficiency. Here it's defined by the
158 |157 |00:14:19 ~-~-> 00:14:26 |candles high. That candles low. So that makes this a fair value gap, and it's
159 |158 |00:14:26 ~-~-> 00:14:30 |categorized as a buy side of balance, sell side and efficiency. It's buy side
160 |159 |00:14:30 ~-~-> 00:14:36 |and bounce. It's inefficient in sell side, until we get this in this candle,
161 |160 |00:14:36 ~-~-> 00:14:42 |then it's done both up or buy side delivery, which is simply the movement
162 |161 |00:14:42 ~-~-> 00:14:46 |of the price going higher, and then sell side delivery, where price is offered to
163 |162 |00:14:46 ~-~-> 00:14:53 |the downside to a previous imbalance and inefficient level, which is defined by
164 |163 |00:14:53 ~-~-> 00:14:59 |the single candle right here. That is the high of the busy this is the low of
165 |164 |00:14:59 ~-~-> 00:15:03 |the busy. It trades down to it to the order block. And how far can it go
166 |165 |00:15:03 ~-~-> 00:15:08 |beyond that weekly order block price. Michael, well, look what the daily
167 |166 |00:15:08 ~-~-> 00:15:15 |charts offering you have a volume imbalance right here. The market opens
168 |167 |00:15:15 ~-~-> 00:15:19 |here on Friday, creating a volume imbalance there as well, which will
169 |168 |00:15:19 ~-~-> 00:15:24 |comment in a moment. But it opens and trades right back down to the previous
170 |169 |00:15:24 ~-~-> 00:15:34 |close. So this makes this a immediate rebalance, and then sends it higher. I
171 |170 |00:15:34 ~-~-> 00:15:38 |promised, I told you I'd answer your question, why sometimes your chart looks
172 |171 |00:15:38 ~-~-> 00:15:42 |like you have the settlement price toggled on on your daily chart, and then
173 |172 |00:15:42 ~-~-> 00:15:48 |sometimes it's not. For the last time, I've said this a few times now since I
174 |173 |00:15:48 ~-~-> 00:15:54 |started teaching about it, if you notice that the daily chart is showing that
175 |174 |00:15:54 ~-~-> 00:15:59 |little blue, s, e, t, it's saying that your settlement price is being used on
176 |175 |00:15:59 ~-~-> 00:16:04 |your daily chart right now. Notice that it's toggled blue. So my daily chart
177 |176 |00:16:04 ~-~-> 00:16:10 |right now is blue, s, e, t, so it's toggled, okay. Notice that the volume
178 |177 |00:16:10 ~-~-> 00:16:15 |and balance between this candles close this candle is open. That volume of
179 |178 |00:16:15 ~-~-> 00:16:19 |balance is what I'm highlighting there. That volume of balance between this
180 |179 |00:16:19 ~-~-> 00:16:24 |candle sticks open and this candlesticks closed. That's a volume imbalance. Okay,
181 |180 |00:16:24 ~-~-> 00:16:31 |watch what happens when we look at it. When the this s, e, t is not toggled, so
182 |181 |00:16:31 ~-~-> 00:16:37 |now it's black. So it looks like this. The volume imbalances go away. I've
183 |182 |00:16:37 ~-~-> 00:16:43 |indicated this before. If there's any widening between the candlestick bodies.
184 |183 |00:16:44 ~-~-> 00:16:49 |If I'm I'm toggling back and forth both I'm doing both settings. I'm toggling it
185 |184 |00:16:49 ~-~-> 00:16:56 |on and I'm toggling it off. When it's not toggled and highlighted in blue,
186 |185 |00:16:56 ~-~-> 00:17:01 |it'll look like s, e, t, in black, like you see down here. The volume imbalance
187 |186 |00:17:01 ~-~-> 00:17:13 |disappear. And by contrast, now with it toggled on again, it's blue, the volume
188 |187 |00:17:13 ~-~-> 00:17:17 |imbalances appear again. I want to be able to see if it looks like this at any
189 |188 |00:17:17 ~-~-> 00:17:21 |time between the two choices, if I ever see a volume imbalance with one toggled
190 |189 |00:17:21 ~-~-> 00:17:27 |on or off. I'm going to elect to use the one that has the volume imbalances. I
191 |190 |00:17:27 ~-~-> 00:17:31 |want to see the separations, because that separation is going to highlight an
192 |191 |00:17:31 ~-~-> 00:17:36 |imbalance or inefficiency. And I want to know what they are before trading view.
193 |192 |00:17:37 ~-~-> 00:17:40 |I was looking for things like this anyway, and you can do them manually,
194 |193 |00:17:40 ~-~-> 00:17:44 |like you literally can do it without having any requirement of toggling that
195 |194 |00:17:44 ~-~-> 00:17:49 |settlement price being used on your daily chart or not. You're just looking
196 |195 |00:17:49 ~-~-> 00:17:54 |at the the times that the candlesticks close versus the end of the trading. And
197 |196 |00:17:54 ~-~-> 00:17:59 |then they get very plain if you're toggling your chart each day as soon as
198 |197 |00:17:59 ~-~-> 00:18:04 |the day ends at five o'clock Eastern time, New York, local time. Go to your
199 |198 |00:18:04 ~-~-> 00:18:13 |daily chart and show what it looks like when we close. When that candlestick
200 |199 |00:18:13 ~-~-> 00:18:18 |closes, that's your levels. Toggle it back and forth and make sure that you
201 |200 |00:18:18 ~-~-> 00:18:22 |see if there's any volume imbalances. If there's a volume imbalance, that's the
202 |201 |00:18:22 ~-~-> 00:18:26 |setting I'm going to go with. If there is no volume imbalance, I'm not using
203 |202 |00:18:26 ~-~-> 00:18:34 |that one. Okay, you'll see over time that that's what I'm doing. If you go
204 |203 |00:18:34 ~-~-> 00:18:38 |back and look at old examples of me either giving analysis or treating
205 |204 |00:18:38 ~-~-> 00:18:42 |unless there's something that is extremely much more important that I'm
206 |205 |00:18:42 ~-~-> 00:18:46 |trading around without using that information, I'm usually using the logic
207 |206 |00:18:46 ~-~-> 00:18:54 |of this shared here. Okay, so Tuesday's candle from last week here. That's what
208 |207 |00:18:54 ~-~-> 00:18:58 |I'm highlighting. I want you to look at the low that candlestick right there.
209 |208 |00:18:58 ~-~-> 00:19:09 |That low comes in at 19,004 41 1.50 now I taught that you have to start using
210 |209 |00:19:09 ~-~-> 00:19:15 |old daily lows and old daily highs. You want to look back at the lows and the
211 |210 |00:19:15 ~-~-> 00:19:18 |highs over the last three candles. So if we're going to trade on Friday, as you
212 |211 |00:19:18 ~-~-> 00:19:27 |saw me do, here's Friday. Look back three days, Thursday, Wednesday,
213 |212 |00:19:27 ~-~-> 00:19:37 |Tuesday. See what that does. It affords you several days to refer back to old
214 |213 |00:19:37 ~-~-> 00:19:42 |levels. Now, when we're opening here, are we requiring any necessity around
215 |214 |00:19:43 ~-~-> 00:19:48 |the high of the previous it can be used, yes, more closely
216 |215 |00:19:50 ~-~-> 00:19:57 |related to the open on this Friday's trading to Tuesday's low. See that when
217 |216 |00:19:58 ~-~-> 00:20:03 |we were trading here and we closed. Right here, before we opened up there.
218 |217 |00:20:04 ~-~-> 00:20:09 |This indicates that what level are we looking at? Is it closer to the previous
219 |218 |00:20:09 ~-~-> 00:20:14 |day's low? Are we settled here or Tuesday's low? So which one's going to
220 |219 |00:20:14 ~-~-> 00:20:20 |be a more of a impactful price event, more likely to trade to basically,
221 |220 |00:20:20 ~-~-> 00:20:25 |clearly, Tuesdays low. Okay. Now you can have all of the highs and the lows in
222 |221 |00:20:25 ~-~-> 00:20:30 |the last three days indicated on your chart, and you'll watch how they
223 |222 |00:20:30 ~-~-> 00:20:35 |gravitate towards them. Okay, but don't think for a second just because you have
224 |223 |00:20:35 ~-~-> 00:20:40 |the last three days high and low toggled on and shown on your chart annotated,
225 |224 |00:20:40 ~-~-> 00:20:43 |that it's going to be easy read for you to get to it, you're going to have to
226 |225 |00:20:43 ~-~-> 00:20:47 |rely on other things I've taught. But if you do these things, you'll see Caleb
227 |226 |00:20:47 ~-~-> 00:20:52 |that it goes right to the most obvious one. It'll go the path of least
228 |227 |00:20:52 ~-~-> 00:20:55 |resistance, okay? And it's going to, many times, gravitate to these, these
229 |228 |00:20:55 ~-~-> 00:21:01 |levels. The reason why these levels are important is because large institutions,
230 |229 |00:21:01 ~-~-> 00:21:06 |banks, big conglomerates that have deeper pockets than you and I ever will,
231 |230 |00:21:06 ~-~-> 00:21:11 |they have lots of orders that they intend to trade the market at those
232 |231 |00:21:11 ~-~-> 00:21:16 |highs and lows because there's an enormous pool of liquidity around them.
233 |232 |00:21:17 ~-~-> 00:21:21 |So if you use these levels predominantly in your trades or frame them as your
234 |233 |00:21:21 ~-~-> 00:21:26 |trading model, or where it's going to draw to, you're going to have the best
235 |234 |00:21:26 ~-~-> 00:21:31 |of the best type trades, the cream of the crop, the easiest ones that go real
236 |235 |00:21:31 ~-~-> 00:21:35 |quick to these levels, and many times, they're going to perform with low
237 |236 |00:21:35 ~-~-> 00:21:39 |resistance liquidity run signatures, meaning that they're going to be very
238 |237 |00:21:39 ~-~-> 00:21:43 |easily traded to. They won't hem and haul, they won't consolidate a lot
239 |238 |00:21:43 ~-~-> 00:21:48 |before they go to the level you're aiming for, because the intended purpose
240 |239 |00:21:48 ~-~-> 00:21:52 |is the algorithm will reprice to these levels, because it understands that
241 |240 |00:21:52 ~-~-> 00:21:58 |there's lots of buys and sells around them. It's not the buying and selling
242 |241 |00:21:58 ~-~-> 00:22:02 |pressure that takes them to these levels, it's the fact that there's lots
243 |242 |00:22:02 ~-~-> 00:22:08 |of pending orders below old lows and above old highs. So it doesn't need to
244 |243 |00:22:08 ~-~-> 00:22:11 |know how many orders are resting there. It doesn't understand that, but it does
245 |244 |00:22:11 ~-~-> 00:22:17 |know by its coding the drive into those price points quickly, not just drift
246 |245 |00:22:17 ~-~-> 00:22:21 |down there and bleed down to it. Many times you'll see them accelerate
247 |246 |00:22:21 ~-~-> 00:22:24 |quickly, and you'll see large range candles and jump right to the liquidity.
248 |247 |00:22:24 ~-~-> 00:22:28 |So if you have these levels in mind as the basis for where the trading is going
249 |248 |00:22:28 ~-~-> 00:22:34 |to reach to, or your setups are framed around, you're doing exactly as I'm
250 |249 |00:22:34 ~-~-> 00:22:38 |teaching, because I'm trying to teach you to be a low resistance liquidity run
251 |250 |00:22:38 ~-~-> 00:22:44 |trader that targets obvious, huge pools of liquidity, and your trades are more
252 |251 |00:22:44 ~-~-> 00:22:49 |likely to see little resistance. And that's exactly what every trader wants.
253 |252 |00:22:49 ~-~-> 00:22:52 |They want to see movement. They want to see speed. They want to get their
254 |253 |00:22:52 ~-~-> 00:22:55 |targets hit and be done. Get out of the trade. You know, the longer your trade
255 |254 |00:22:55 ~-~-> 00:23:00 |takes the pan out, the more mental capital you're expending. All right, so
256 |255 |00:23:00 ~-~-> 00:23:06 |we have the volume imbalance here open trade down. The previous candle sticks
257 |256 |00:23:06 ~-~-> 00:23:13 |close. That's immediate rebalance, and we're trading below Tuesday's daily low
258 |257 |00:23:13 ~-~-> 00:23:19 |of this candle at 19,004 41 and a half. So just remember this level here, 19,441
259 |258 |00:23:20 ~-~-> 00:23:24 |and a half. That's that low, right there. So think about what we've done.
260 |259 |00:23:24 ~-~-> 00:23:32 |We have traded down, redelivered all of this inefficiency. So buy side imbalance
261 |260 |00:23:32 ~-~-> 00:23:38 |has been balanced with a delivery of sell side. There's no longer an
262 |261 |00:23:38 ~-~-> 00:23:43 |inefficiency with price not coming back to overlap all this up close candlestick
263 |262 |00:23:43 ~-~-> 00:23:48 |between this candle is low and that candles high. It's delivered here. So
264 |263 |00:23:48 ~-~-> 00:23:55 |when it leads, it leads what this candle is low, we're back above it here. It
265 |264 |00:23:55 ~-~-> 00:23:58 |comes back down just to overlap this volume imbalance between this
266 |265 |00:23:58 ~-~-> 00:24:02 |candlesticks closed and this candlesticks open. That blue shade
267 |266 |00:24:02 ~-~-> 00:24:08 |varies with the volume imbalance. So it opens this day on Friday, trades down
268 |267 |00:24:08 ~-~-> 00:24:17 |that's due to swing and then rallies up. So the price here that defines that buy,
269 |268 |00:24:17 ~-~-> 00:24:22 |center, balance, cell sign, efficiency. Notice the high. It's 19,004 four, 7.50
270 |269 |00:24:24 ~-~-> 00:24:30 |Tuesday's daily low is below that. So we're focusing primarily on Tuesday's
271 |270 |00:24:30 ~-~-> 00:24:37 |low. Why? Because the daily lows in this instant is the most salient point to be
272 |271 |00:24:37 ~-~-> 00:24:41 |watching with price. And I gave that level to you earlier in a week with this
273 |272 |00:24:41 ~-~-> 00:24:52 |idea in mind. So these levels were in mind before the week started. Everything
274 |273 |00:24:52 ~-~-> 00:24:56 |that's here until Tuesday's low was formed. I was referring to that
275 |274 |00:24:56 ~-~-> 00:25:01 |candlesticks low, right there, and that candlesticks high, so. And that order
276 |275 |00:25:01 ~-~-> 00:25:06 |block level and that volume imbalance, because these levels were in play, that
277 |276 |00:25:06 ~-~-> 00:25:10 |means they were in the chart before we started trading on Sunday last week.
278 |277 |00:25:12 ~-~-> 00:25:17 |That's why, when I tell you I have a notepad with levels on my chart, it's
279 |278 |00:25:17 ~-~-> 00:25:21 |these levels here, then what I'm doing is I'm watching price real time, and I'm
280 |279 |00:25:21 ~-~-> 00:25:25 |seeing where are we at real time in relationship to those price levels that
281 |280 |00:25:25 ~-~-> 00:25:29 |I have on my notepad. You're used to seeing them on my chart. I prefer them
282 |281 |00:25:29 ~-~-> 00:25:33 |not to be on my chart. I want my chart clean. But you while you're learning
283 |282 |00:25:33 ~-~-> 00:25:36 |it's beneficial for you to have them on your chart. Caleb, it's not something
284 |283 |00:25:37 ~-~-> 00:25:40 |that you probably will keep forever, or it might be. I don't want to talk you
285 |284 |00:25:40 ~-~-> 00:25:44 |out of it, but if you think it's helpful to you by having them on the chart,
286 |285 |00:25:44 ~-~-> 00:25:53 |then, by all means, keep them. And then this up close candle here is a bearish
287 |286 |00:25:53 ~-~-> 00:25:57 |order block. It's a propulsion block, because we have the highest up close
288 |287 |00:25:57 ~-~-> 00:26:03 |candle here, soon as we cross below it. The opening price there that makes this
289 |288 |00:26:03 ~-~-> 00:26:09 |candle stick. Validation of that bearish order block the next candle we open
290 |289 |00:26:09 ~-~-> 00:26:16 |trade up into this one so it does not completely close over top of this one,
291 |290 |00:26:16 ~-~-> 00:26:22 |and the bodies don't close on this candle above midpoint of this higher
292 |291 |00:26:22 ~-~-> 00:26:27 |order block that makes this a propulsion block. Propulsion blocks are explained
293 |292 |00:26:27 ~-~-> 00:26:33 |in month four core content. You can find that in the 2016 ICT mentorship playlist
294 |293 |00:26:34 ~-~-> 00:26:40 |for month four, there's a video lecture about propulsion blocks in that segment
295 |294 |00:26:40 ~-~-> 00:26:47 |of the YouTube channel. So the opening of that candlestick is the bare shoulder
296 |295 |00:26:47 ~-~-> 00:26:51 |block. So the propulsion block becomes a target while we're below it here, it's
297 |296 |00:26:51 ~-~-> 00:26:58 |going to reach up into it. That's that's one right there. So we also had this
298 |297 |00:26:58 ~-~-> 00:27:04 |wick here that you can break that down in quadrants in addition to so they're
299 |298 |00:27:04 ~-~-> 00:27:10 |all potential targets. So again, as these individual new daily candlesticks
300 |299 |00:27:10 ~-~-> 00:27:15 |form, you have new PD arrays that you have to incorporate. But starting with a
301 |300 |00:27:15 ~-~-> 00:27:20 |higher Time Frame, weekly and daily from the previous week, you have key levels
302 |301 |00:27:20 ~-~-> 00:27:26 |already that are useful. Notice that we're opening in the lower half, okay,
303 |302 |00:27:26 ~-~-> 00:27:30 |the lower half of that larger weekly inefficiency. Remember, I cut the weekly
304 |303 |00:27:31 ~-~-> 00:27:37 |wick and use the upper half of it. That's what that blue shaded box is
305 |304 |00:27:37 ~-~-> 00:27:40 |here. Rewind the video, and you'll see what I'm talking about. The very, very
306 |305 |00:27:40 ~-~-> 00:27:44 |very first thing I started talking about when we annotated the weekly chart. This
307 |306 |00:27:44 ~-~-> 00:27:50 |is all of a weekly wick, because it's going up here and going right back down
308 |307 |00:27:51 ~-~-> 00:27:56 |half of that wick. The upper half is what I'm going to be focusing primarily
309 |308 |00:27:56 ~-~-> 00:28:01 |on, because there should be a lot of sensitivity on all discount arrays in
310 |309 |00:28:01 ~-~-> 00:28:05 |this blue shaded area. If I'm really right on side, if I do believe we're
311 |310 |00:28:05 ~-~-> 00:28:11 |going to go higher, the best buys that really punch, really deliver off of the
312 |311 |00:28:11 ~-~-> 00:28:15 |discount arrays are going to be in this area here once we get back into it. I
313 |312 |00:28:15 ~-~-> 00:28:18 |afforded the market to go down that far, but it needs to only go down there
314 |313 |00:28:18 ~-~-> 00:28:24 |quickly, one, two days, bang up. Here we are. Okay. So let's continue on. We're
315 |314 |00:28:25 ~-~-> 00:28:28 |dropping down to a 15 minute time frame you can keep track now over here, or
316 |315 |00:28:28 ~-~-> 00:28:33 |watching the upper left hand corner. So here is the market activity, the levels
317 |316 |00:28:33 ~-~-> 00:28:39 |I had annotated before I sat down last Friday, just passed at two o'clock, I
318 |317 |00:28:39 ~-~-> 00:28:43 |was trading the pm session. I was trading a turtle soup setup, and I was
319 |318 |00:28:43 ~-~-> 00:28:51 |looking for a rally higher and I wanted to see if we could reach up into the
320 |319 |00:28:51 ~-~-> 00:28:56 |bear shorter block, which is what you see here, because it was a holiday
321 |320 |00:28:56 ~-~-> 00:29:00 |Friday weekend. In other words, Friday wasn't a holiday, but we were going into
322 |321 |00:29:00 ~-~-> 00:29:03 |a long weekend. So Monday, we have, in the United States, the Labor Day
323 |322 |00:29:03 ~-~-> 00:29:08 |holiday. So that's going to impact volume. It's going to impact the the
324 |323 |00:29:08 ~-~-> 00:29:13 |times that we trade. It'll cause a little bit of of a hiccup in cleanliness
325 |324 |00:29:13 ~-~-> 00:29:20 |for price. So that's why I like to trade on Wednesday. So it gives me a day after
326 |325 |00:29:20 ~-~-> 00:29:24 |the holiday on Monday, let the markets do whatever they want. I can miss a move
327 |326 |00:29:24 ~-~-> 00:29:27 |that takes place on Tuesday. I don't care about that. And then Wednesday,
328 |327 |00:29:27 ~-~-> 00:29:30 |we'll be back to the swing of things, where everything is normal. But what
329 |328 |00:29:30 ~-~-> 00:29:34 |we're looking at here, we have 15 in a time frame everything that was on that
330 |329 |00:29:34 ~-~-> 00:29:36 |previous daily chart, and one more time,
331 |330 |00:29:38 ~-~-> 00:29:44 |this volume imbalance, and this volume imbalance, in this larger shaded blue
332 |331 |00:29:44 ~-~-> 00:29:50 |area, those three reference points, okay, we'll see those here. Here's that
333 |332 |00:29:50 ~-~-> 00:29:55 |larger shaded blue, the smaller volume of balance and the lowest volume
334 |333 |00:29:55 ~-~-> 00:30:01 |imbalances over here. So we're watching price fry. The afternoon as it's dipping
335 |334 |00:30:01 ~-~-> 00:30:10 |down here, I'm looking at how price traded below that low here. Rally back
336 |335 |00:30:10 ~-~-> 00:30:15 |above, and we caused ourselves to see a breaker form. But I want to be trading
337 |336 |00:30:15 ~-~-> 00:30:22 |at Tuesday's low or lower. Why? Because it's an all daily low. I can't get back
338 |337 |00:30:22 ~-~-> 00:30:27 |to Thursday's daily low, but going back three days, that's Tuesday's low. That's
339 |338 |00:30:27 ~-~-> 00:30:32 |why it's on my chart. So I want to be in there buying that. Let's zoom in a
340 |339 |00:30:32 ~-~-> 00:30:38 |little bit, same chart 15 minute time frame. We have several things here. I
341 |340 |00:30:38 ~-~-> 00:30:41 |want to take your attention to when we were dropping down here. Look real
342 |341 |00:30:41 ~-~-> 00:30:46 |close. See that wick now? Come on, Michael, you're just picking things at
343 |342 |00:30:46 ~-~-> 00:30:52 |random. Go back and listen to my live streams. I'm pulling out very specific
344 |343 |00:30:52 ~-~-> 00:30:59 |things and the recordings I did with Twitter, which is now called X, but I
345 |344 |00:30:59 ~-~-> 00:31:04 |just refuse to call it x the Twitter spaces I did where I would literally
346 |345 |00:31:04 ~-~-> 00:31:07 |call out individual candlesticks, or I would tweet about individual
347 |346 |00:31:07 ~-~-> 00:31:11 |candlesticks. So I'm taking your attention to very specific ones. Why am
348 |347 |00:31:11 ~-~-> 00:31:16 |I selecting this one here? Because this one went down deeper than the previous
349 |348 |00:31:16 ~-~-> 00:31:21 |one. See this one here? Yes, that's a wick, but this one did more damage. It
350 |349 |00:31:21 ~-~-> 00:31:26 |went lower than this one. So I went a little bit lower into that daily volume
351 |350 |00:31:26 ~-~-> 00:31:35 |imbalance. So when we start going higher, which we see it doing here, I
352 |351 |00:31:35 ~-~-> 00:31:40 |want to see, does price drop back down into that Tuesday's daily low. And does
353 |352 |00:31:40 ~-~-> 00:31:47 |it go lower? Yes, and I'm keying off of that consequent encroachment of this
354 |353 |00:31:47 ~-~-> 00:31:51 |discount wick. Why is this wicked discount wick? Because price is up here,
355 |354 |00:31:51 ~-~-> 00:31:56 |dropping back down into its range. That's what makes this a discount array.
356 |355 |00:31:57 ~-~-> 00:32:01 |Look at the sensitivity of it. Look at how price delivered on Friday's trade,
357 |356 |00:32:01 ~-~-> 00:32:07 |where I got in it. So I want you to be mindful of that, and we're going to walk
358 |357 |00:32:07 ~-~-> 00:32:13 |through this entire thing here. Notice also, when this candlestick started
359 |358 |00:32:13 ~-~-> 00:32:19 |trading right here, from this candle to the left, all of these candles were
360 |359 |00:32:19 ~-~-> 00:32:25 |hiding nothing from you. Nothing was hidden from you. So from this low to
361 |360 |00:32:25 ~-~-> 00:32:30 |this candles high, we have all of this range to work with. So now imagine
362 |361 |00:32:30 ~-~-> 00:32:35 |you're a rock climber, and this is a sheer rock side that you have to climb
363 |362 |00:32:35 ~-~-> 00:32:43 |up. What hand holds could you map out as you climb back up in price, which
364 |363 |00:32:43 ~-~-> 00:32:47 |reference points here are you going to use, and then later, also expect to use
365 |364 |00:32:47 ~-~-> 00:32:51 |as a foothold if you were a rock climber, and we're going to personify
366 |365 |00:32:51 ~-~-> 00:32:56 |price as a rock climber, you okay, how is price going to use all of these
367 |366 |00:32:56 ~-~-> 00:33:04 |candlesticks here To get back up to a level of significance, a premium price,
368 |367 |00:33:04 ~-~-> 00:33:10 |a higher price, you need not get up to this high. You don't need it, but you
369 |368 |00:33:10 ~-~-> 00:33:16 |can frame out something here using Tuesday's low. What would you use? I'm
370 |369 |00:33:16 ~-~-> 00:33:21 |going to walk you through it now. Typical, buy sign and balance. Sell
371 |370 |00:33:21 ~-~-> 00:33:26 |sign, efficiency. You efficiency framed by this candle high. This candle is low.
372 |371 |00:33:27 ~-~-> 00:33:32 |We trade down into the consequent crochet of that wick, and we leave what
373 |372 |00:33:32 ~-~-> 00:33:37 |open the lower portion, there's an opening left. See that we want to see
374 |373 |00:33:37 ~-~-> 00:33:44 |that that is algorithmic. That's the hand at the card table being shown to
375 |374 |00:33:44 ~-~-> 00:33:47 |you, saying, Here's my cards. That's what the algorithm is doing right there.
376 |375 |00:33:47 ~-~-> 00:33:51 |That's not buying and selling pressure, okay? It's the algorithm indicating
377 |376 |00:33:51 ~-~-> 00:33:54 |saying we're going to leave this inefficient because it's going to
378 |377 |00:33:54 ~-~-> 00:34:03 |quickly run higher. This down closed candle once we overtook it there. That
379 |378 |00:34:03 ~-~-> 00:34:11 |makes this a bullish order, block the price on that candle here we open we
380 |379 |00:34:11 ~-~-> 00:34:17 |trade down to this. Candles opening price, the opening price of that down
381 |380 |00:34:17 ~-~-> 00:34:23 |close candle here is 19,466.75 this candle, we open trade right down to it
382 |381 |00:34:23 ~-~-> 00:34:27 |perfectly, to the tick, and then starts the rally. You can check that right here
383 |382 |00:34:28 ~-~-> 00:34:31 |and see that that low of that candle, that's what I'm highlighting here.
384 |383 |00:34:31 ~-~-> 00:34:37 |That's why you can see that candle 2:15pm, Friday, August 30, 2024, that
385 |384 |00:34:37 ~-~-> 00:34:43 |candle, that low matches that opening price, and you see it there, okay, that
386 |385 |00:34:43 ~-~-> 00:34:48 |is perfect. That's not buying and selling pressure. Okay, so we're seeing
387 |386 |00:34:48 ~-~-> 00:34:54 |price deliver, and then boom, there's an over block respects. It sends price
388 |387 |00:34:54 ~-~-> 00:35:08 |higher then we have. A fair value gap, same thing. Do we have that candles high
389 |388 |00:35:08 ~-~-> 00:35:14 |to that candle low? Do we have the entire fair value gap closed in? No. Is
390 |389 |00:35:15 ~-~-> 00:35:20 |it indicating that the markets want to go higher? Yes. So now from here, we
391 |390 |00:35:20 ~-~-> 00:35:23 |have something higher than that we have to work with in in this range over here.
392 |391 |00:35:23 ~-~-> 00:35:30 |What is it? Cell sign and balance bots out inefficiency. But because we're
393 |392 |00:35:30 ~-~-> 00:35:39 |bullish, we're expecting this to be used as an inversion. There you got. So this
394 |393 |00:35:39 ~-~-> 00:35:46 |is a Sibi that we expect to see become a bullish discount array. So the market's
395 |394 |00:35:46 ~-~-> 00:35:52 |going to trade up into the higher portion of it trade back down hit the
396 |395 |00:35:52 ~-~-> 00:35:57 |fair value gap. Do we see price going higher? Yes, and then comes right back
397 |396 |00:35:57 ~-~-> 00:36:03 |down to what consequent encroachment, defined by that candles low, that
398 |397 |00:36:03 ~-~-> 00:36:08 |candles high. What else is existing around consequent encroachment? What's
399 |398 |00:36:08 ~-~-> 00:36:12 |this? The candle that opens and drops down into this Fairbank out here and
400 |399 |00:36:12 ~-~-> 00:36:17 |sends price higher. What is that? Now, soon as this candle goes above this
401 |400 |00:36:17 ~-~-> 00:36:24 |opening price, what does this candle trading above it indicate this is it's a
402 |401 |00:36:24 ~-~-> 00:36:29 |bullish order block, but this drop down into it there is occurring in the upper
403 |402 |00:36:29 ~-~-> 00:36:36 |half of this inefficiency. We want to see strong indications that it wants to
404 |403 |00:36:36 ~-~-> 00:36:39 |repel away from any discount array in this area, because it's now becoming an
405 |404 |00:36:39 ~-~-> 00:36:45 |inversion. So version. So we are not looking for or requiring it to get back
406 |405 |00:36:45 ~-~-> 00:36:50 |down a little half again in here. It's already done that here. If it would have
407 |406 |00:36:50 ~-~-> 00:36:53 |been straight through and came back down to there, that's the same thing I'd
408 |407 |00:36:53 ~-~-> 00:36:58 |expect here. I wouldn't see it come back down here. I wouldn't require that huge,
409 |408 |00:36:58 ~-~-> 00:37:05 |huge thing there for your notebook. I so we have bearish order block here in this
410 |409 |00:37:05 ~-~-> 00:37:10 |price swing, the opening price. That's the the target you're reaching for when
411 |410 |00:37:10 ~-~-> 00:37:15 |you're below it, and the market trades up to it here. Wonderful drops. Back
412 |411 |00:37:15 ~-~-> 00:37:19 |down gives another opportunity to re accumulate around that order block
413 |412 |00:37:19 ~-~-> 00:37:24 |there, and then trades up into a premium WIC consequence there, and ultimately up
414 |413 |00:37:24 ~-~-> 00:37:29 |to the daily bearish order block, which is what I indicated when we're in daily
415 |414 |00:37:29 ~-~-> 00:37:36 |chart. And there we have the delivery. So I want you to think about what is
416 |415 |00:37:36 ~-~-> 00:37:42 |being shown here and re watch the long version of Friday's trade. Now I already
417 |416 |00:37:42 ~-~-> 00:37:47 |know about 98% of you are not going to do that, and that's why there's going to
418 |417 |00:37:47 ~-~-> 00:37:51 |be 98% of you that's going to feel like there's still something being hidden
419 |418 |00:37:51 ~-~-> 00:37:55 |from you. ICT is hiding something from you. I'm not hiding anything. Everything
420 |419 |00:37:55 ~-~-> 00:38:00 |I've used here in annotation was the logic that I was referring to in price
421 |420 |00:38:00 ~-~-> 00:38:06 |action with my notes, I had all of these levels mapped out so as price would
422 |421 |00:38:06 ~-~-> 00:38:09 |breach, the levels I needed to see breached, going higher. Everything that
423 |422 |00:38:09 ~-~-> 00:38:14 |I'm annotating here were just simply numerical values written on my notepad.
424 |423 |00:38:15 ~-~-> 00:38:19 |But again, like I said before, in the past, when I was on Twitter, I could
425 |424 |00:38:19 ~-~-> 00:38:26 |show you my notepad, and it won't help you, because you have to sit in the
426 |425 |00:38:26 ~-~-> 00:38:31 |charts with me to go through all the levels and why they're pertinent. That's
427 |426 |00:38:31 ~-~-> 00:38:37 |why everybody that bought my leaked core content lessons in my old 2016 2017 2018
428 |427 |00:38:38 ~-~-> 00:38:43 |2019 2000 22,021, mentorship videos. When you buy those videos, you're not
429 |428 |00:38:43 ~-~-> 00:38:47 |learning it properly. Because you're you have to have me explaining it to you.
430 |429 |00:38:48 ~-~-> 00:38:53 |It's just the language being introduced. That's why the people that buy those
431 |430 |00:38:53 ~-~-> 00:38:55 |videos thinking they're gonna get the secret sauce.
432 |431 |00:38:55 ~-~-> 00:38:59 |I'm doing the secret sauce right now. I'm doing it right now. This is
433 |432 |00:38:59 ~-~-> 00:39:03 |mentorship. So I don't do private mentorships where you can buy into the
434 |433 |00:39:03 ~-~-> 00:39:09 |to the group. Okay, that's that's gone. I'm teaching for free here, so when I
435 |434 |00:39:09 ~-~-> 00:39:14 |have my notes in front of me, it's all of these levels here, all these as
436 |435 |00:39:14 ~-~-> 00:39:19 |they're forming, I'm writing I'm writing them down my notepad. But there's also
437 |436 |00:39:19 ~-~-> 00:39:23 |new PD arrays forming on that 15 second chart, and I want you to look at where
438 |437 |00:39:23 ~-~-> 00:39:28 |they behave in your chart now. Obviously, if you watch this months from
439 |438 |00:39:28 ~-~-> 00:39:31 |now, you're not going to have the advantage of doing it. You're going to
440 |439 |00:39:31 ~-~-> 00:39:35 |have to really refer to the video that I recorded, which is why I gave you the
441 |440 |00:39:35 ~-~-> 00:39:42 |long version of it. You can see it, it's clear, and you're you're encouraged to
442 |441 |00:39:42 ~-~-> 00:39:45 |do it each time I show you an example. That's why there's no talking, that's
443 |442 |00:39:45 ~-~-> 00:39:50 |why there's no music. It's just simply me showing you what I did. Then you go
444 |443 |00:39:50 ~-~-> 00:39:55 |back through the price chart and you find all the PD arrays doing it like I'm
445 |444 |00:39:55 ~-~-> 00:40:02 |showing you here. You're going to do this every single trading day. For the
446 |445 |00:40:02 ~-~-> 00:40:06 |one market that you're following, not 12 markets, not 15 different forex pairs.
447 |446 |00:40:08 ~-~-> 00:40:11 |You're looking for one market to follow while you're learning how to do what I'm
448 |447 |00:40:11 ~-~-> 00:40:15 |teaching you to do, we're using one instrument. It's NASDAQ, but I don't
449 |448 |00:40:15 ~-~-> 00:40:19 |trade NASDAQ. I don't care that you don't trade it. Everything that I'm
450 |449 |00:40:19 ~-~-> 00:40:24 |teaching you works in everything else, but you have to stick with one thing.
451 |450 |00:40:24 ~-~-> 00:40:28 |Keep your mindset. You're all hurrying to try to trade. You want me to talk
452 |451 |00:40:28 ~-~-> 00:40:33 |about your favorite market. So that way you might have a hunch or an unction to
453 |452 |00:40:33 ~-~-> 00:40:36 |be a buyer or seller, and you want me to confirm what you think might happen,
454 |453 |00:40:36 ~-~-> 00:40:39 |then you're going to over leverage your account and you're going to lose and
455 |454 |00:40:39 ~-~-> 00:40:44 |you're going to blame me because you did something wrong. So unless I tell you
456 |455 |00:40:44 ~-~-> 00:40:50 |otherwise, everything I'm teaching you works in every asset class. So now we're
457 |456 |00:40:50 ~-~-> 00:40:55 |dropping down to a five minute chart. We have a wick here. That's a discount wick
458 |457 |00:40:55 ~-~-> 00:40:59 |when we're here. So when we drop down into that 15 minute Fairbank that let me
459 |458 |00:40:59 ~-~-> 00:41:04 |go back up one more chart. That's this area right here on a 15 minute time
460 |459 |00:41:04 ~-~-> 00:41:07 |frame. That's what this chart is. Here. We're going to go into that same area
461 |460 |00:41:07 ~-~-> 00:41:11 |here on a five minute chart, but look at that wick right there. See what the
462 |461 |00:41:11 ~-~-> 00:41:15 |bodies stop. So yeah, we drop down into that because there's a 15 minute fair
463 |462 |00:41:15 ~-~-> 00:41:18 |value gap, which is why you have to constantly scroll through your time
464 |463 |00:41:18 ~-~-> 00:41:22 |frames. Even if you have a laptop, you have to have these reference points,
465 |464 |00:41:24 ~-~-> 00:41:27 |because if you don't, you won't be able to see how price is delivering,
466 |465 |00:41:27 ~-~-> 00:41:34 |algorithmically and institutional price delivery. It's not as easy as you want
467 |466 |00:41:34 ~-~-> 00:41:39 |it to be, clearly, but it takes time looking at it and taking screenshots
468 |467 |00:41:39 ~-~-> 00:41:42 |like this. At the end of the end of the day, go back through your price charts.
469 |468 |00:41:42 ~-~-> 00:41:45 |I'm going to be building my son's initial library with today's
470 |469 |00:41:45 ~-~-> 00:41:49 |presentation or tonight's presentation, introducing his model conceptually. And
471 |470 |00:41:49 ~-~-> 00:41:52 |then every day, I'm going to be revealing the market like this. So
472 |471 |00:41:52 ~-~-> 00:41:56 |you're going to see annotations. I want him to get used to seeing these, because
473 |472 |00:41:56 ~-~-> 00:42:01 |this is how I expect to see his charts. So he needs examples like this. So I'm
474 |473 |00:42:01 ~-~-> 00:42:06 |showing it with my Friday trade, and then I will be doing it every single
475 |474 |00:42:06 ~-~-> 00:42:11 |day, Monday through Friday, for, I don't know, maybe three or four weeks or so.
476 |475 |00:42:11 ~-~-> 00:42:18 |And then we'll start seeing him. But it's giving you all and him a chance to
477 |476 |00:42:18 ~-~-> 00:42:20 |see what it is that you should be annotating. And in beginning, you're
478 |477 |00:42:20 ~-~-> 00:42:26 |going to miss some things that I'll have in my chart. You may have other things
479 |478 |00:42:26 ~-~-> 00:42:33 |that is pertinent to your model. That's okay, but I'm showing you how you are
480 |479 |00:42:33 ~-~-> 00:42:36 |going to graduate in your understanding you're going to get better at doing
481 |480 |00:42:36 ~-~-> 00:42:41 |this. Because before you watch my review videos that's going to post on Caleb's
482 |481 |00:42:41 ~-~-> 00:42:46 |channel. You should be doing this, and it'll allow you to check yourself.
483 |482 |00:42:47 ~-~-> 00:42:50 |You're not sending me your charts. Please don't send them. I got people
484 |483 |00:42:50 ~-~-> 00:42:53 |sending me stuff in email. I'm not going to look at your stuff because I don't
485 |484 |00:42:53 ~-~-> 00:42:56 |have the time to do it. Imagine everybody doing this. You would never, I
486 |485 |00:42:56 ~-~-> 00:43:02 |would never be able to get anything done. I do have a life. So on a five
487 |486 |00:43:02 ~-~-> 00:43:08 |minute chart, you can see all the same levels being utilized here, and the
488 |487 |00:43:09 ~-~-> 00:43:14 |consequent correction of this wick here, the bodies keep that at bay and
489 |488 |00:43:14 ~-~-> 00:43:19 |everything here. Now the order block. So we went below the 15 minute order block,
490 |489 |00:43:19 ~-~-> 00:43:26 |that little Mohawk outside of that upper portion of the cell center bound by
491 |490 |00:43:26 ~-~-> 00:43:32 |signing efficiency, that Mohawk is simply just digging into that order
492 |491 |00:43:32 ~-~-> 00:43:36 |block that you can see on a five minute chart. And we have a real nice delivery
493 |492 |00:43:36 ~-~-> 00:43:42 |hire. My trade was closed here manually on that last one, and I was doing a lot
494 |493 |00:43:42 ~-~-> 00:43:45 |of the things I taught earlier in the week last week, where I was showing you
495 |494 |00:43:45 ~-~-> 00:43:51 |how, if you don't have to take partials, the easiest way for you to start getting
496 |495 |00:43:51 ~-~-> 00:43:57 |better at it is simply trail up however many contracts you want to take off as a
497 |496 |00:43:57 ~-~-> 00:44:01 |partial when it's trading in your direction, let the market come back and
498 |497 |00:44:01 ~-~-> 00:44:03 |stop you out on that number of contracts, and you'll still leave a
499 |498 |00:44:03 ~-~-> 00:44:07 |portion of the position open. I was doing that in Friday's trade. To kind of
500 |499 |00:44:07 ~-~-> 00:44:11 |give you an illustration of it, I got a lot of feedback from that. People were
501 |500 |00:44:11 ~-~-> 00:44:14 |like, Well, I'm glad you did that, because now it makes more sense. I can
502 |501 |00:44:14 ~-~-> 00:44:18 |see it, and it's neat to see how it happens. But eventually you'll be
503 |502 |00:44:18 ~-~-> 00:44:21 |watching when price is reaching for this level here, and you'll have your limit
504 |503 |00:44:21 ~-~-> 00:44:26 |orders resting above levels like this order block that was on the 15 minute
505 |504 |00:44:26 ~-~-> 00:44:30 |time frame. You'll have your orders resting up here in the premium constant
506 |505 |00:44:30 ~-~-> 00:44:36 |encroachment of that wick on the 15 minute time frame. So as it reaches up
507 |506 |00:44:36 ~-~-> 00:44:41 |to these extreme levels, that's where you'll be taking your partials. But
508 |507 |00:44:41 ~-~-> 00:44:46 |until you get good at that, it's just better to have a trailing stop loss with
509 |508 |00:44:46 ~-~-> 00:44:50 |a partial waiting for the market to kick you out. You won't get the higher exits.
510 |509 |00:44:50 ~-~-> 00:44:55 |That's okay taking partials when it starts to turn back again on you the
511 |510 |00:44:55 ~-~-> 00:44:59 |times that you do see it reverse entirely over top of what your existing
512 |511 |00:44:59 ~-~-> 00:45:03 |open position. And still has open the fact that when it does that, you'll feel
513 |512 |00:45:03 ~-~-> 00:45:06 |better that you did it, versus not knowing how to do partials at all and
514 |513 |00:45:06 ~-~-> 00:45:11 |seeing a good trade turn into a losing trade. It's that's very demoralizing. So
515 |514 |00:45:11 ~-~-> 00:45:16 |I'm, I'm coaching Caleb and coaching you that are watching on how you can manage
516 |515 |00:45:16 ~-~-> 00:45:21 |all that stuff. Okay, whenever you have a real good runner open and you've made
517 |516 |00:45:21 ~-~-> 00:45:26 |profit, never let it turn into a losing trade. Never, ever, ever, never, ever,
518 |517 |00:45:26 ~-~-> 00:45:32 |ever. If you have a position that has 25 to 30 handles and open profit, that
519 |518 |00:45:32 ~-~-> 00:45:37 |better never turn into a losing trade. It better never do that. So your stop
520 |519 |00:45:37 ~-~-> 00:45:43 |should be covering costs by then and or you have managed a partial so that way,
521 |520 |00:45:43 ~-~-> 00:45:50 |if you do get stopped out, it doesn't take away the net result, covering the
522 |521 |00:45:50 ~-~-> 00:45:55 |costs, and there's no loss. So I'll leave that up to you with your math and
523 |522 |00:45:55 ~-~-> 00:46:00 |what size of account you're trading with for that to work itself out. But this is
524 |523 |00:46:01 ~-~-> 00:46:05 |the backdrop behind everything else that was being shown on that 15 second chart.
525 |524 |00:46:05 ~-~-> 00:46:09 |Obviously, on the 15 second chart there's a lot more. PDA, raise, but I'm
526 |525 |00:46:09 ~-~-> 00:46:13 |watching everything that I've shown here in relationship to this drop down here,
527 |526 |00:46:14 ~-~-> 00:46:20 |all of that buying in that big blue shaded area. This is all part of being
528 |527 |00:46:20 ~-~-> 00:46:28 |part of that larger weekly WIC, the upper half of it. And notice how it had
529 |528 |00:46:29 ~-~-> 00:46:33 |real strong sensitivity off of every discount array, every single thing that
530 |529 |00:46:33 ~-~-> 00:46:37 |would cause the market to go out, as I teach it, it used every single one of
531 |530 |00:46:37 ~-~-> 00:46:41 |them. Not one of them failed. And the ones that were there, they many times
532 |531 |00:46:41 ~-~-> 00:46:44 |indicate like it didn't close in that entire fair value gap. That's exactly
533 |532 |00:46:44 ~-~-> 00:46:48 |what you want. That's exactly what you want. It didn't even get down to mean
534 |533 |00:46:48 ~-~-> 00:46:52 |threshold of the order blocks. That's exactly what you want. It's showing
535 |534 |00:46:52 ~-~-> 00:46:55 |every indication that this thing's going to go higher, and it's really being
536 |535 |00:46:55 ~-~-> 00:47:06 |driven hard. So all these targets should be met easily, and we have it. And
537 |536 |00:47:08 ~-~-> 00:47:14 |finally, we have our last chart here, and I have an error on here. It's
538 |537 |00:47:14 ~-~-> 00:47:17 |driving me nuts here, but we're going to show how Michael's begin getting better
539 |538 |00:47:17 ~-~-> 00:47:21 |with his obsessive compulsive disorder. It is not a five minute chart. Check
540 |539 |00:47:21 ~-~-> 00:47:25 |yourself up here. It's one minute. Okay. You can see all the delivery here, the
541 |540 |00:47:25 ~-~-> 00:47:31 |immediate rebalance, the daily volume and balance we rallied up the fair value
542 |541 |00:47:31 ~-~-> 00:47:36 |gap. Go back through the higher time frames, and then when we drop down into
543 |542 |00:47:36 ~-~-> 00:47:41 |that right there, when I'm buying that, it's occurring between 150 and 210,
544 |543 |00:47:41 ~-~-> 00:47:47 |macro. Look at that beautiful delivery right there. Boom, right below two
545 |544 |00:47:47 ~-~-> 00:47:55 |o'clock route in here, we have an order block opening. Price hits it. That's one
546 |545 |00:47:56 ~-~-> 00:48:04 |that could be utilized here. That's one also at the top of the fair value gap
547 |546 |00:48:04 ~-~-> 00:48:11 |that's shaded in green. That's another entry. We have a fair value gap right
548 |547 |00:48:11 ~-~-> 00:48:17 |there, and order block hits it. That could be another entry for you. This is
549 |548 |00:48:17 ~-~-> 00:48:19 |again, all in the one minute chart.
550 |549 |00:48:19 ~-~-> 00:48:23 |And then we had the order block here that was on a higher Time Frame chart.
551 |550 |00:48:23 ~-~-> 00:48:29 |And then price rallies up. We trade through the 15 minute fare bag that we
552 |551 |00:48:29 ~-~-> 00:48:32 |formed that we dropped down again. You can see how we leave the lower portion
553 |552 |00:48:32 ~-~-> 00:48:37 |open, and we drop down a little bit in the 250, to 310 macro. And it's just a
554 |553 |00:48:37 ~-~-> 00:48:41 |time when the market will spool and run for liquidity. What is it reaching for?
555 |554 |00:48:42 ~-~-> 00:48:46 |Trail, stop losses below relatively close and into an inefficiency, fair
556 |555 |00:48:46 ~-~-> 00:48:50 |value gap on a 15 minute time frame, when you drop down your lower time frame
557 |556 |00:48:50 ~-~-> 00:48:54 |charts and annotating, it's real important that you indicate what time
558 |557 |00:48:54 ~-~-> 00:48:59 |frame these arrays are like. This is the daily volume of bounce y because I can
559 |558 |00:48:59 ~-~-> 00:49:02 |tell right here with the label, if you don't label your PDA, raise from the
560 |559 |00:49:02 ~-~-> 00:49:07 |higher time frame when you're working your way down, you won't you won't have
561 |560 |00:49:07 ~-~-> 00:49:10 |the understanding when you look back at them months or weeks later, because
562 |561 |00:49:11 ~-~-> 00:49:15 |you're going to refer to these things and study how price behaves, and you're
563 |562 |00:49:15 ~-~-> 00:49:20 |also using them on a day by day basis. So you're going to refer back to certain
564 |563 |00:49:20 ~-~-> 00:49:27 |things and certain times of the day. So the market rallies and 315, to 345, we
565 |564 |00:49:29 ~-~-> 00:49:34 |had the market drop back down into a 15 minute rule of shoulder block. And then
566 |565 |00:49:34 ~-~-> 00:49:41 |we have the order block here rallies during the market on clothes macro,
567 |566 |00:49:41 ~-~-> 00:49:45 |which is 345, to four o'clock. And then we have the settlement macro, which is
568 |567 |00:49:45 ~-~-> 00:49:50 |the last 10 minutes, which is 350, to four o'clock. And there's your macros
569 |568 |00:49:50 ~-~-> 00:49:54 |for the people that want to know what they are in the last hour. That's what
570 |569 |00:49:54 ~-~-> 00:49:57 |they are. Last hours trading, three o'clock to four o'clock. That's what
571 |570 |00:49:57 ~-~-> 00:50:02 |these are. Okay? And the market starts. Spool aggressively. It trades into the
572 |571 |00:50:02 ~-~-> 00:50:06 |premium wick, consequent crochet, and then the daily bear, shorter walk,
573 |572 |00:50:06 ~-~-> 00:50:11 |delivering beautifully there. So that's the business. That's the markup. And you
574 |573 |00:50:11 ~-~-> 00:50:18 |want to use everything that I have here, and go back through the chart that I was
575 |574 |00:50:18 ~-~-> 00:50:24 |using on the 15 second chart, use the video at the original regular pace.
576 |575 |00:50:25 ~-~-> 00:50:29 |Watch when I'm annotating on the 15 second chart. Everything that's shown
577 |576 |00:50:29 ~-~-> 00:50:35 |here is in support of that. So I'm working from a higher time frame down to
578 |577 |00:50:35 ~-~-> 00:50:39 |a lower time frame. That's the price delivery continuum theory, using the
579 |578 |00:50:39 ~-~-> 00:50:43 |order flow from the higher time frames. How everything should support itself.
580 |579 |00:50:43 ~-~-> 00:50:47 |Discount arrays should send price higher. They should be breaking through
581 |580 |00:50:48 ~-~-> 00:50:52 |premium arrays. Premium arrays should not be offering any resistance when
582 |581 |00:50:52 ~-~-> 00:50:58 |you're bullish. Discount arrays should not see their halfway points traded to
583 |582 |00:50:58 ~-~-> 00:51:02 |ideally. That means bullish order blocks should not even see their mean
584 |583 |00:51:02 ~-~-> 00:51:08 |thresholds be traded to fair value. Gaps or inefficiencies should see the market
585 |584 |00:51:08 ~-~-> 00:51:12 |leave the lower portion of these inefficiencies open. It can close, but
586 |585 |00:51:12 ~-~-> 00:51:15 |as soon as they get down to the lower end of it, they got to immediately
587 |586 |00:51:15 ~-~-> 00:51:18 |reject out of that and come out of it quickly. They cannot be spending a lot
588 |587 |00:51:18 ~-~-> 00:51:22 |of time inside them. That's institutional order flow. That's how you
589 |588 |00:51:22 ~-~-> 00:51:25 |read it. You don't need depth of market. You don't need all the mechanics of
590 |589 |00:51:25 ~-~-> 00:51:31 |having volume bars horizontally on your chart. You don't need V wop. You don't
591 |590 |00:51:31 ~-~-> 00:51:35 |need any of those gimmicks. Okay, everything is happening because of time,
592 |591 |00:51:35 ~-~-> 00:51:39 |clearly, as you can see here, and price I'm telling you what the PDA rates are
593 |592 |00:51:39 ~-~-> 00:51:42 |going to be. So that's the price aspect the time that the market's going to
594 |593 |00:51:42 ~-~-> 00:51:47 |behave a certain way. That's what I'm indicating here. Okay, so hopefully you
595 |594 |00:51:47 ~-~-> 00:51:50 |found this one insightful, and I will talk to you again later tonight on
596 |595 |00:51:50 ~-~-> 00:51:50 |Caleb's channel. You.