Wiki source code of ICT YT - 2024-09-04 - ICT Tutelage Journal Log Sep 3 2024
Last modified by Drunk Monkey on 2024-09-08 11:48
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2 | |1 |00:00:39 ~-~-> 00:00:43 |ICT: Weekly chart, as you can see up Here in the upper left hand corner, we | ||
3 | |2 |00:00:43 ~-~-> 00:00:49 |have relative equal lows down here, so we may have turned the corner and going | ||
4 | |3 |00:00:49 ~-~-> 00:00:55 |into the latter portions of this year, it would wouldn't be surprising to see | ||
5 | |4 |00:00:55 ~-~-> 00:01:01 |it come down here with all the the election antics that may be coming our | ||
6 | |5 |00:01:01 ~-~-> 00:01:07 |way, but the bare shoulder blocking here, I've noted that we have a swing | ||
7 | |6 |00:01:07 ~-~-> 00:01:13 |high, and now we have had the market break below the previous weekly | ||
8 | |7 |00:01:13 ~-~-> 00:01:20 |candlestick low. This inefficiency in here, it can drop down into that then we | ||
9 | |8 |00:01:20 ~-~-> 00:01:24 |have this wick which will will address that when we get closer to it. Should we | ||
10 | |9 |00:01:24 ~-~-> 00:01:32 |do that? But right now, I have this wick graded so words, it's the high, which is | ||
11 | |10 |00:01:32 ~-~-> 00:01:37 |the close of that candlestick. Double quadrant, consequent encouragement, | ||
12 | |11 |00:01:38 ~-~-> 00:01:43 |because we treat wicks like gaps, lower quadrant and the low of that wick, | ||
13 | |12 |00:01:48 ~-~-> 00:01:57 |driving down to a daily chart. Those ingredients on that weekly candlesticks, | ||
14 | |13 |00:01:57 ~-~-> 00:02:03 |discount wick. We broke through that, and we're trading down into the daily | ||
15 | |14 |00:02:04 ~-~-> 00:02:08 |fair value gap here. This is a buy side of balance, outside of efficiency. So we | ||
16 | |15 |00:02:08 ~-~-> 00:02:13 |hit the top of that today, and we'll be looking to see if we can make further | ||
17 | |16 |00:02:14 ~-~-> 00:02:18 |traction lower. I'd like to see it get below this and come back up and act as | ||
18 | |17 |00:02:18 ~-~-> 00:02:23 |resistance. And then it would have to have some kind of a really energetic run | ||
19 | |18 |00:02:23 ~-~-> 00:02:28 |to get throw all this back and forth in here we have this wick again. We'll | ||
20 | |19 |00:02:28 ~-~-> 00:02:32 |address that. Should we start to break down a little bit more. But this looks | ||
21 | |20 |00:02:32 ~-~-> 00:02:38 |pretty good. The only thing that changes the immediate bearish stance I hold now | ||
22 | |21 |00:02:38 ~-~-> 00:02:43 |is if we trade back above consequent encroachment of that red level right | ||
23 | |22 |00:02:43 ~-~-> 00:02:50 |there. Okay, and that's based on the weekly discount wick. This one here. Let | ||
24 | |23 |00:02:50 ~-~-> 00:02:52 |me make sure you can it's | ||
25 | |24 |00:02:57 ~-~-> 00:03:02 |got to get above the upper half of this wick, and that's going to be defined by | ||
26 | |25 |00:03:02 ~-~-> 00:03:07 |that red level. Okay, all right. And now we're going to take a look at what price | ||
27 | |26 |00:03:07 ~-~-> 00:03:15 |has done today with these quadrant levels, with this volume imbalance. | ||
28 | |27 |00:03:15 ~-~-> 00:03:19 |Notice that I have the settlement toggled to blue on the daily chart. | ||
29 | |28 |00:03:20 ~-~-> 00:03:27 |You'll get this volume and bounce when you do that. Now everything transposed | ||
30 | |29 |00:03:28 ~-~-> 00:03:32 |that was highlighted and addressed on the weekly and daily chart, dropping | ||
31 | |30 |00:03:32 ~-~-> 00:03:37 |down into a 15 minute time frame. And see here at midnight, New York, local | ||
32 | |31 |00:03:37 ~-~-> 00:03:43 |time, get buy side. Hit that turtle suit breaks down. We have a nice Sibi here. | ||
33 | |32 |00:03:44 ~-~-> 00:03:48 |So it's a fair value gap, the high and the low of it on the 15 and time frame. | ||
34 | |33 |00:03:48 ~-~-> 00:03:54 |This is the upper quadrant of that weekly discount wick. Is the upper | ||
35 | |34 |00:03:54 ~-~-> 00:03:57 |quadrant, the midpoint of it, or consequent encroachment, the lower | ||
36 | |35 |00:03:57 ~-~-> 00:04:02 |quadrant and the low of that weekly discount wick that's these levels are, | ||
37 | |36 |00:04:02 ~-~-> 00:04:08 |and this is the high of it. Okay, so we hit it here, going into or right before | ||
38 | |37 |00:04:08 ~-~-> 00:04:14 |nine o'clock. We broke down. We traded through the daily volume imbalance. | ||
39 | |38 |00:04:16 ~-~-> 00:04:22 |Again, that is this here, the separation between those candles closed and this | ||
40 | |39 |00:04:22 ~-~-> 00:04:29 |candles open. That's what I'm highlighting there. Okay, the bodies we | ||
41 | |40 |00:04:29 ~-~-> 00:04:33 |sliced through it and came right back up, perfectly to consequent | ||
42 | |41 |00:04:33 ~-~-> 00:04:39 |encroachment. Broke below the midpoint, decisively immediate rebalance. It | ||
43 | |42 |00:04:39 ~-~-> 00:04:46 |touches this candlestick here, breaks lower bearish order block, but it's also | ||
44 | |43 |00:04:46 ~-~-> 00:04:53 |the top of the Fairey gap city. It's this in here, and this is the same | ||
45 | |44 |00:04:54 ~-~-> 00:04:59 |Fairey yet city low, and you can see that that just poked the toe of the. | ||
46 | |45 |00:05:00 ~-~-> 00:05:04 |Water right there. All these levels were starting on the 15 minute time frame, | ||
47 | |46 |00:05:04 ~-~-> 00:05:08 |the daily and the weekly. When we drop down to the five and one minute chart, | ||
48 | |47 |00:05:08 ~-~-> 00:05:12 |everything will start to make a lot more sense, because you're going to control | ||
49 | |48 |00:05:12 ~-~-> 00:05:17 |your impulses by watching the order flow on that 15 minute time frame. Because | ||
50 | |49 |00:05:17 ~-~-> 00:05:21 |your 15 minute time frame, that's your Bellwether time frame, that means the | ||
51 | |50 |00:05:21 ~-~-> 00:05:25 |majority of what you're looking for intraday should be controlled and or | ||
52 | |51 |00:05:25 ~-~-> 00:05:29 |driven by like it's air traffic control. Basically. Think of it like that one | ||
53 | |52 |00:05:29 ~-~-> 00:05:32 |minute charts and five minute charts, or anything less than a month chart. | ||
54 | |53 |00:05:32 ~-~-> 00:05:36 |There's going to be lots of movement, okay, lots of movement around the | ||
55 | |54 |00:05:36 ~-~-> 00:05:41 |airspace in that intraday session or that trading day. So you want to control | ||
56 | |55 |00:05:41 ~-~-> 00:05:46 |all of your air traffic control with that 15 minute time frame. So by having | ||
57 | |56 |00:05:46 ~-~-> 00:05:52 |all these reference points here, what we're saying is, is we went below, made | ||
58 | |57 |00:05:52 ~-~-> 00:05:56 |this fair value gap, couldn't break through. The bodies are saying that we | ||
59 | |58 |00:05:56 ~-~-> 00:06:00 |can't get in there and broke away. Okay? That means we're bearish. It's broke | ||
60 | |59 |00:06:00 ~-~-> 00:06:04 |aggressively down hard through the daily bump I bounce came back consequent | ||
61 | |60 |00:06:04 ~-~-> 00:06:10 |encroachment. Was it heavy? Yes, we created a immediate rebalance here. Next | ||
62 | |61 |00:06:10 ~-~-> 00:06:13 |candle, we dropped down, couldn't even come back up to hit that as a bare | ||
63 | |62 |00:06:13 ~-~-> 00:06:19 |shoulder block stayed in the lower level and just got involved. This candle | ||
64 | |63 |00:06:19 ~-~-> 00:06:22 |sticks high and then rolled over again. So institutional order flow entry drill, | ||
65 | |64 |00:06:23 ~-~-> 00:06:27 |and then we have a bearish order block here. We worked it several times, and it | ||
66 | |65 |00:06:27 ~-~-> 00:06:32 |ultimately broke lower when we get to the end of the lunch hour, which is | ||
67 | |66 |00:06:32 ~-~-> 00:06:37 |1:30pm Eastern Standard Time. And we broke again aggressively. And we keep | ||
68 | |67 |00:06:37 ~-~-> 00:06:41 |seeing the market only see the lower half of the premium, PDA, raise or fail | ||
69 | |68 |00:06:41 ~-~-> 00:06:47 |to get to them at all. That's a very weak market, and ultimately, trading | ||
70 | |69 |00:06:47 ~-~-> 00:06:52 |down to August 13, 2024 is daily. Fair Value got high, and you can see that on | ||
71 | |70 |00:06:52 ~-~-> 00:07:02 |the daily chart. All right, here on a five minute chart, you can see the same | ||
72 | |71 |00:07:02 ~-~-> 00:07:08 |things occurring here, working that fair value gap, sippy low, and again, I'm | ||
73 | |72 |00:07:08 ~-~-> 00:07:13 |highlighting and managing the annotations that way I know what I'm | ||
74 | |73 |00:07:13 ~-~-> 00:07:18 |referencing and how it's anchored to the price chart. This level is anchored to | ||
75 | |74 |00:07:18 ~-~-> 00:07:25 |what time frame, 15 minute. This is a immediate rebalance on a 15 minute time | ||
76 | |75 |00:07:25 ~-~-> 00:07:29 |frame. Notice that it doesn't look so clear, and that's why it's important | ||
77 | |76 |00:07:29 ~-~-> 00:07:33 |that you manage your annotations correctly, otherwise you'll lose all of | ||
78 | |77 |00:07:33 ~-~-> 00:07:37 |the insight that you're getting by watching these lower time frames. I have | ||
79 | |78 |00:07:37 ~-~-> 00:07:42 |these levels on a notepad as they form, I write them down, and I'm constantly | ||
80 | |79 |00:07:42 ~-~-> 00:07:46 |referring back to what price is doing and where it's at in relationship to | ||
81 | |80 |00:07:46 ~-~-> 00:07:50 |that. So that's why I don't have it on my charts. I did an execution today, | ||
82 | |81 |00:07:51 ~-~-> 00:07:54 |working with the afternoon session, and I'll review that at the end of this | ||
83 | |82 |00:07:54 ~-~-> 00:07:57 |presentation. But this is what your chart should look like as it's being | ||
84 | |83 |00:07:57 ~-~-> 00:08:02 |annotated, and you're managing all the time frames, how they're anchored, what | ||
85 | |84 |00:08:02 ~-~-> 00:08:07 |PD array they are, and noticing how they are behaving. They're working the lower | ||
86 | |85 |00:08:07 ~-~-> 00:08:11 |half. When it's premium arrays, they can't trade in an upper half. It means | ||
87 | |86 |00:08:11 ~-~-> 00:08:15 |institutional order flow is bearish. And it's not just bearish. It's extremely | ||
88 | |87 |00:08:15 ~-~-> 00:08:19 |bearish, not just well, it might go a little bit lower. It's heavy, really, | ||
89 | |88 |00:08:19 ~-~-> 00:08:24 |really heavy. All right? And right, let's zoom in here on a one minute | ||
90 | |89 |00:08:24 ~-~-> 00:08:29 |chart. You can see that we had worked that fair value gap city low based on | ||
91 | |90 |00:08:29 ~-~-> 00:08:35 |the 15 time frame right up in here, and broke lower worked perfectly to the | ||
92 | |91 |00:08:35 ~-~-> 00:08:39 |daily volume of balance consequent encroachment there. And then we had our | ||
93 | |92 |00:08:39 ~-~-> 00:08:47 |small, little fair value gap right here, breaks lower, trades back up in you can | ||
94 | |93 |00:08:47 ~-~-> 00:08:52 |annotate as a bearish order block if you want, drops lower and again, look how | ||
95 | |94 |00:08:52 ~-~-> 00:08:56 |price is being controlled by that 15 minute time frame. Every annotation. | ||
96 | |95 |00:08:57 ~-~-> 00:09:00 |Look what's going on the bodies are doing what, respecting that 15 minute | ||
97 | |96 |00:09:00 ~-~-> 00:09:09 |order flow, no volume profile, no B wop, no depth of market, no ladders, no level | ||
98 | |97 |00:09:09 ~-~-> 00:09:13 |two data required open, high, low and close or in a candlestick will tell you | ||
99 | |98 |00:09:13 ~-~-> 00:09:22 |everything based on time, first And then price. The market breaks lower reaches | ||
100 | |99 |00:09:22 ~-~-> 00:09:29 |down into the lower quadrant of that weekly candlesticks wick. And again, | ||
101 | |100 |00:09:29 ~-~-> 00:09:32 |it's the midpoint of it. That's the upper quadrant, and the lower is this | ||
102 | |101 |00:09:32 ~-~-> 00:09:35 |dark line here. So that's why you wanna make sure that you annotate your chart. | ||
103 | |102 |00:09:35 ~-~-> 00:09:40 |Now, you can dress those levels up and annotate them with text for your own | ||
104 | |103 |00:09:40 ~-~-> 00:09:44 |charts, but I know what I'm looking at, and I don't need to move my charts. I | ||
105 | |104 |00:09:44 ~-~-> 00:09:52 |use the raw data. Okay? And now let's take a closer look at that one minute | ||
106 | |105 |00:09:52 ~-~-> 00:09:58 |chart at the opening bell at 930 so we trade up in the console encroachment of | ||
107 | |106 |00:09:58 ~-~-> 00:10:04 |the daily volume. Balance. And here is first presented fair value gap. So this | ||
108 | |107 |00:10:04 ~-~-> 00:10:08 |is the first presentation of a fair value gap. It's extremely small, but | ||
109 | |108 |00:10:08 ~-~-> 00:10:12 |guess what? It's just that's what it's going to be. It's a wide you know, why | ||
110 | |109 |00:10:12 ~-~-> 00:10:16 |fight it or resist it? So the market creates a little bit of material soup | ||
111 | |110 |00:10:16 ~-~-> 00:10:19 |here. After hitting conquest, encroachment breaks lower, we have a | ||
112 | |111 |00:10:19 ~-~-> 00:10:23 |fair value gap there. I'm not annotating that because I want you to see the | ||
113 | |112 |00:10:23 ~-~-> 00:10:27 |relationship to that first presentation of the bearish fair value gap right | ||
114 | |113 |00:10:27 ~-~-> 00:10:34 |there. Look at that beautiful bang hits. It breaks lower. Then we have another | ||
115 | |114 |00:10:34 ~-~-> 00:10:37 |fair value gap. But this is a reclaimed fair value gap, because when it broke | ||
116 | |115 |00:10:37 ~-~-> 00:10:41 |lower, if price goes up into it here, normally, when you see a city like this | ||
117 | |116 |00:10:41 ~-~-> 00:10:47 |and price breaks below it, if you can come back up into it, it can act as a | ||
118 | |117 |00:10:47 ~-~-> 00:10:50 |premium array to sell short from. But if it trades through it and comes back | ||
119 | |118 |00:10:50 ~-~-> 00:10:53 |down, breaks below it, and it offers one more opportunity to go into that same | ||
120 | |119 |00:10:53 ~-~-> 00:10:59 |thing that's a reclaimed bearish There you go. Market breaks aggressively lower | ||
121 | |120 |00:10:59 ~-~-> 00:11:04 |using the immediate rebalance on the 50 minute time frame. Again, look at the | ||
122 | |121 |00:11:04 ~-~-> 00:11:10 |bodies. We get these little parent price action and breaks lower. But it's also | ||
123 | |122 |00:11:10 ~-~-> 00:11:17 |using a bearish order block on this a minute time frame. Notice the limit up | ||
124 | |123 |00:11:17 ~-~-> 00:11:22 |here. Breaks aggressively institutional or flow integral here, no close of the | ||
125 | |124 |00:11:22 ~-~-> 00:11:26 |full sell side of balance by side efficiency breaks aggressively lower and | ||
126 | |125 |00:11:26 ~-~-> 00:11:34 |then trades into consolidation going into the lunch macro. Now this is what | ||
127 | |126 |00:11:34 ~-~-> 00:11:37 |it looks like with regular trading hours. You can see that toggle down | ||
128 | |127 |00:11:37 ~-~-> 00:11:44 |here, RTH, and we had a huge opening gap. So we had a discount opening range | ||
129 | |128 |00:11:44 ~-~-> 00:11:51 |gap that never got traded to. It opened right there and just stayed heavy. That | ||
130 | |129 |00:11:51 ~-~-> 00:11:55 |sometimes is, again, very indicative of the market wanting to get somewhere very | ||
131 | |130 |00:11:55 ~-~-> 00:11:59 |quickly. It couldn't even come back to make an attempt to touch it, let alone | ||
132 | |131 |00:11:59 ~-~-> 00:12:07 |trade back into the halfway point. All right, on your charts, for those that | ||
133 | |132 |00:12:07 ~-~-> 00:12:14 |are watching eavesdropping, the lows I mentioned here over a week ago, I told | ||
134 | |133 |00:12:14 ~-~-> 00:12:19 |you that watch these lows here, and then there's an inefficiency with that order | ||
135 | |134 |00:12:19 ~-~-> 00:12:23 |block as well. But I mentioned specifically these two lows here, and I | ||
136 | |135 |00:12:23 ~-~-> 00:12:29 |said if we start to fell out of bed, we would see 19,100.50 and I believe I said | ||
137 | |136 |00:12:29 ~-~-> 00:12:32 |that the beginning of last week in the live stream. So I'll count you to go | ||
138 | |137 |00:12:32 ~-~-> 00:12:35 |back and look at that. Anyone that's been following along and doing due | ||
139 | |138 |00:12:35 ~-~-> 00:12:39 |diligence with their note taking, they have this information in there, but you | ||
140 | |139 |00:12:39 ~-~-> 00:12:48 |can also still find in live streams. So it's the cell side here, and that fair | ||
141 | |140 |00:12:48 ~-~-> 00:12:52 |value gap. So the green box and this red level at 19, 100.50 | ||
142 | |141 |00:12:54 ~-~-> 00:12:59 |that's what it's anchored to. Okay, so it's Wednesday, the 14th of 2024, you | ||
143 | |142 |00:12:59 ~-~-> 00:13:03 |can see that. That's the information for that individual fair value gap. That's | ||
144 | |143 |00:13:03 ~-~-> 00:13:06 |what I'm highlighting here. That's why you see the date down here, so that when | ||
145 | |144 |00:13:06 ~-~-> 00:13:10 |you are screenshotting for your journaling Caleb, you want to make sure | ||
146 | |145 |00:13:10 ~-~-> 00:13:13 |you're putting your cursor right over top of the very specific fair value | ||
147 | |146 |00:13:13 ~-~-> 00:13:21 |gaps, or PDA race, and when you do that down here in your date and time access. | ||
148 | |147 |00:13:21 ~-~-> 00:13:25 |Down here, this is your price axis on the right. The bottom is your time and | ||
149 | |148 |00:13:25 ~-~-> 00:13:29 |date access. So whatever you're highlighting with your cursor, make sure | ||
150 | |149 |00:13:29 ~-~-> 00:13:34 |you're touching the right one like that, and it'll show at the bottom that it is | ||
151 | |150 |00:13:34 ~-~-> 00:13:40 |the Wednesday, August 14, 2024, 3:45pm, Eastern, Standard Time, fair value gap. | ||
152 | |151 |00:13:40 ~-~-> 00:13:46 |So with those two reference points, when we go to the present market view of | ||
153 | |152 |00:13:47 ~-~-> 00:13:53 |today, you can see now on a one minute chart, working with the afternoon. Now, | ||
154 | |153 |00:13:53 ~-~-> 00:13:56 |before I get into this real quick, this is the part where I'm reviewing the | ||
155 | |154 |00:13:56 ~-~-> 00:14:03 |trade idea. I counted you all in many, many lectures that you don't want to be | ||
156 | |155 |00:14:03 ~-~-> 00:14:06 |trading in the morning session immediately after a holiday, but you can | ||
157 | |156 |00:14:06 ~-~-> 00:14:10 |trade the afternoon, Wednesday afternoon, 1:30pm that's the end of the | ||
158 | |157 |00:14:10 ~-~-> 00:14:14 |launch hour. So lunch hour is technically two hours long. It's 1130 in | ||
159 | |158 |00:14:14 ~-~-> 00:14:18 |the morning, New York local time to 130 in afternoon, New York local time. So | ||
160 | |159 |00:14:18 ~-~-> 00:14:24 |you can see we had a sippy here. Trades up into that rejects another Sibi trade | ||
161 | |160 |00:14:24 ~-~-> 00:14:28 |up in consequent encouragement of that. And this is a fake bull flag, and we | ||
162 | |161 |00:14:28 ~-~-> 00:14:33 |broke down this rally up in here, I'm trading into a bearish order block on | ||
163 | |162 |00:14:33 ~-~-> 00:14:38 |the 50 minute time frame, and it breaks lower, and it gives me an opportunity to | ||
164 | |163 |00:14:38 ~-~-> 00:14:41 |trade in here one more time when this candle opens up and stabs up into this | ||
165 | |164 |00:14:41 ~-~-> 00:14:44 |little bit of a range I'm trying to get. Trying to get short in there as well, | ||
166 | |165 |00:14:44 ~-~-> 00:14:49 |and then it breaks again. We have a bearish order block. I'm targeting that | ||
167 | |166 |00:14:49 ~-~-> 00:14:53 |right there. So when it rallies, I'm expecting it to really start to spool | ||
168 | |167 |00:14:53 ~-~-> 00:14:59 |lower. Why? Because we're in the macro 1:50pm to 210, that's when the market's | ||
169 | |168 |00:14:59 ~-~-> 00:15:04 |going. Really aggressive run for liquidity. Where's the liquidity? I saw | ||
170 | |169 |00:15:04 ~-~-> 00:15:10 |a guy, Harry, I think his name was, says you didn't, you didn't go short. Going | ||
171 | |170 |00:15:10 ~-~-> 00:15:16 |to macro at 150 you went short at 140 you don't need to correct me. Okay, | ||
172 | |171 |00:15:16 ~-~-> 00:15:21 |that's an observation for you, and this is where you're learning I'm shorting, | ||
173 | |172 |00:15:21 ~-~-> 00:15:28 |but I'm expecting price between the 150 to 210 to start spooling. It means it's | ||
174 | |173 |00:15:28 ~-~-> 00:15:33 |going to run to where the liquidity is, which is where below that 19,100.50 I | ||
175 | |174 |00:15:33 ~-~-> 00:15:37 |told you about last week. So when I tell you about these levels, if it gives me a | ||
176 | |175 |00:15:37 ~-~-> 00:15:41 |setup, I'm going to trade them. If I don't have a setup, and it's not useful | ||
177 | |176 |00:15:41 ~-~-> 00:15:44 |information. It's only when the time and price in the setup is there, then | ||
178 | |177 |00:15:44 ~-~-> 00:15:48 |there's something to talk about, because you saw the execution video, and you'll | ||
179 | |178 |00:15:48 ~-~-> 00:15:53 |see the execution video link in the in the comment section, or not the comment | ||
180 | |179 |00:15:53 ~-~-> 00:15:59 |section, but the description of this presentation on Sun's YouTube channel. | ||
181 | |180 |00:15:59 ~-~-> 00:16:03 |And then here's that green shading box, which is the fair value gap on that | ||
182 | |181 |00:16:05 ~-~-> 00:16:12 |August 13, or whatever date it was, paper lower. And now watch between here | ||
183 | |182 |00:16:12 ~-~-> 00:16:18 |and here. That's a fair value gap. And I want to get towards the end of the | ||
184 | |183 |00:16:18 ~-~-> 00:16:24 |bottom of that fair value. Got the shading green I just showed you, and I | ||
185 | |184 |00:16:24 ~-~-> 00:16:28 |want to get close to consequent encroachment of that 15 minute time | ||
186 | |185 |00:16:28 ~-~-> 00:16:33 |frame, Sibi. It doesn't look like a city here because I'm looking at a one minute | ||
187 | |186 |00:16:33 ~-~-> 00:16:39 |chart. So if I have that information shown like this, I'm putting a fib on | ||
188 | |187 |00:16:39 ~-~-> 00:16:44 |that low to that high, and it's basically framing the midpoint or | ||
189 | |188 |00:16:44 ~-~-> 00:16:50 |consequent encroachment of the fair value gap, or city that's framed here. | ||
190 | |189 |00:16:50 ~-~-> 00:16:55 |Go back and watch the video again. You'll see these levels are a 15 minute | ||
191 | |190 |00:16:55 ~-~-> 00:16:59 |time frame fair value gap. It's a city, and I don't have the consequent | ||
192 | |191 |00:16:59 ~-~-> 00:17:03 |encroachment highlighted here, but I'm doing it here to show you my exit that I | ||
193 | |192 |00:17:03 ~-~-> 00:17:08 |move my limit order on while being short, selling into the 15 minute | ||
194 | |193 |00:17:08 ~-~-> 00:17:12 |bearish order block. That little open and stabbing up. I'm getting short | ||
195 | |194 |00:17:12 ~-~-> 00:17:16 |written into that range as it does that. And then I'm trading that bearish order | ||
196 | |195 |00:17:16 ~-~-> 00:17:20 |block right there. And then one more time I added there just because I wanted | ||
197 | |196 |00:17:20 ~-~-> 00:17:23 |to throw in there. One more because I saw a comment saying that you don't make | ||
198 | |197 |00:17:23 ~-~-> 00:17:30 |$20,000 a day. That's kind of so I did another execution to show 20,000 again. | ||
199 | |198 |00:17:31 ~-~-> 00:17:36 |So sorry, Caleb, I'm sorry I forgot where I was at. The limit order is | ||
200 | |199 |00:17:36 ~-~-> 00:17:42 |basically towards the end or bottom of that green shaded fair value gap, and | ||
201 | |200 |00:17:42 ~-~-> 00:17:47 |it's also as close as I can get to the consequent encouragement of this 15 | ||
202 | |201 |00:17:47 ~-~-> 00:17:52 |minute Sibi. So I'm trying to finesse basically both of those levels, trying | ||
203 | |202 |00:17:52 ~-~-> 00:17:55 |to get close to it. And I didn't get all this, and that's fine. It's okay. And | ||
204 | |203 |00:17:55 ~-~-> 00:17:59 |actually went a little bit lower later on the afternoon. But there's the | ||
205 | |204 |00:17:59 ~-~-> 00:18:03 |there's the details. You can see all the entry prices, all the arrows and | ||
206 | |205 |00:18:03 ~-~-> 00:18:09 |whatnot. And I, I showed that in the recording as well on my channel. But | ||
207 | |206 |00:18:09 ~-~-> 00:18:14 |this is the last portion of the day. And Caleb, this is your homework. And for | ||
208 | |207 |00:18:14 ~-~-> 00:18:17 |everyone else that's watching, this is your homework as well. You are told and | ||
209 | |208 |00:18:17 ~-~-> 00:18:23 |taught where the last hour of trading the four macros are, label your chart | ||
210 | |209 |00:18:23 ~-~-> 00:18:27 |with those four macros and highlight anything and everything that is | ||
211 | |210 |00:18:27 ~-~-> 00:18:30 |pertinent to you. It's not something that I'm going to show you, okay, but I | ||
212 | |211 |00:18:30 ~-~-> 00:18:35 |want you to start looking for things in that last hour. The more time you study | ||
213 | |212 |00:18:35 ~-~-> 00:18:39 |it with the references, in terms of the time I've given you, look at the | ||
214 | |213 |00:18:39 ~-~-> 00:18:45 |previous lecture I gave on live stream or recorded video on my on my channel, I | ||
215 | |214 |00:18:45 ~-~-> 00:18:49 |showed the actual four macros in that last hour, three o'clock to four | ||
216 | |215 |00:18:49 ~-~-> 00:18:54 |o'clock. And you'll see a lot of setups in here that were based around that, | ||
217 | |216 |00:18:54 ~-~-> 00:18:55 |that premise you |