ICT YT - 2024-09-20 - ICT Tutelage Journal Log Sep 19

Last modified by Drunk Monkey on 2024-09-25 09:33
1 00:00:15 --> 00:00:20 ICT: All right, Caleb, this is your 15 minute time frame here, and as you'll
2 00:00:20 --> 00:00:27 see in the live stream I did today with the rest of the public, was working with
3 00:00:27 --> 00:00:35 the micro NASDAQ, right? So notice this bottom mount sell side and efficiency
4 00:00:35 --> 00:00:40 that was ahead of the 930 opening. Then we had these relative equal lows here.
5 00:00:40 --> 00:00:44 That's where sell side is. So notice that the market opened up, traded down,
6 00:00:44 --> 00:00:49 hit the high end of this fair value gap, two young closed candles. That's an over
7 00:00:49 --> 00:00:53 block. You see how we traded down into that and rallied higher? Wrong to be
8 00:00:53 --> 00:00:58 focusing up until 1130 noon time each morning. So I'm not worried about the
9 00:00:58 --> 00:00:58 afternoon. I'm
10 00:01:04 --> 00:01:08 all right. So this is the five minute chart, again, the fair value gap here.
11 00:01:09 --> 00:01:15 Keep your eye on this line. That's going to be the level or the top of the 50
12 00:01:15 --> 00:01:18 minute possible valve cell sign efficiency that the market drops down
13 00:01:18 --> 00:01:24 into on the Judas. So inside of the opening range. It's the 930, to 10
14 00:01:24 --> 00:01:30 o'clock interval. That's this drop here. Okay, so it drops down into that high,
15 00:01:30 --> 00:01:35 that fair value got 115 in a time frame. The market then rallies higher. Then we
16 00:01:35 --> 00:01:39 have this small, little buy side and balance sell side, efficiency, fair
17 00:01:39 --> 00:01:43 value gap. After rallying higher, it drops down into that and later on, you
18 00:01:43 --> 00:01:47 can see that, in fact, go higher. But again, that's outside of your model.
19 00:01:47 --> 00:01:52 Your model is to be completed by no later than 1130 in the morning, Eastern
20 00:01:52 --> 00:01:52 Time,
21 00:01:58 --> 00:02:02 right? One minute chart. Here's the sell side liquidity pool here. And here's
22 00:02:02 --> 00:02:07 that top, that 15 minute fair value gap. So we see that the market did, in fact,
23 00:02:07 --> 00:02:15 open up at 930 here. We dropped down, rallied up, took out the short term
24 00:02:15 --> 00:02:20 high. I'll talk a little bit again. A moment, broke lower, came back up into
25 00:02:21 --> 00:02:25 this cell center, balanced by side and efficiency, fair value gap then drops
26 00:02:25 --> 00:02:30 and attacks this low and then into the sell side and then down to the top of
27 00:02:30 --> 00:02:34 that 15 minute fair value gap, the market then rallies up, creates a fair
28 00:02:34 --> 00:02:40 value gap here, accumulates new long positions, rallies Up, comes back down
29 00:02:40 --> 00:02:46 into the discount wick, which is this wick right here, and this half of that
30 00:02:46 --> 00:02:52 wick is this level here. So it hits it perfectly to the tick rallies, comes
31 00:02:52 --> 00:03:01 back down in rallies aggressively into higher high than that of the high form
32 00:03:01 --> 00:03:03 ahead of 945 right?
33 00:03:08 --> 00:03:15 Here's regular trading hours. This is the time we look for the opening range
34 00:03:15 --> 00:03:21 gap. So that's the previous day. Selling price. 930 opening tick. You grade your
35 00:03:21 --> 00:03:26 price swing like that, and this is that 15 minute fair value gap, the high of it
36 00:03:26 --> 00:03:33 and the low of it, and then the fair value gap and the subsequent discount
37 00:03:33 --> 00:03:37 wick, consequent encroachment that we just looked at before we went into this
38 00:03:37 --> 00:03:43 regular trading hours. So river trading hours, we had huge premium gap. And
39 00:03:43 --> 00:03:46 usually when it happens, you have continuation going higher. All
40 00:03:52 --> 00:03:56 right, here is a one minute chart. You can see the beginning of the opening
41 00:03:56 --> 00:04:04 range start at 930 which ends at 10 o'clock here. So we had an opening bell
42 00:04:04 --> 00:04:09 first print here. That's your opening price. It drops down, creates a short
43 00:04:09 --> 00:04:15 term sell side liquidity pool, and the initial high is the initial buy side
44 00:04:15 --> 00:04:19 liquidity so the market rallies up, which is what you see here in this
45 00:04:19 --> 00:04:22 little shaded box. Watch the recording, because you can see me actually call
46 00:04:22 --> 00:04:27 this before it happens in the live stream. So I outline this very thing
47 00:04:27 --> 00:04:30 happening, taking up the short term high. Retail traders are going to use
48 00:04:30 --> 00:04:35 that to be a breakout artist and buy as the market goes about this high, that's
49 00:04:35 --> 00:04:40 a trap. So smart money will short there. So where retail is trying to buy it,
50 00:04:40 --> 00:04:44 Smart Money sells against that. So it provides them the liquidity to sell near
51 00:04:44 --> 00:04:48 initial height of the day there, and then attack the sell side liquidity down
52 00:04:48 --> 00:04:53 here, which is what I walked everyone through. I mentioned in this area here
53 00:04:53 --> 00:04:58 on the 15 second chart, which is the next one in the slide. You need to be
54 00:04:58 --> 00:05:05 aware of these multiple. Gaps, and you can look at the model 2022 playlist to
55 00:05:05 --> 00:05:09 familiarize yourself with that not that's going to be your model, but
56 00:05:09 --> 00:05:13 having a well rounded, comprehensive understanding about how price books will
57 00:05:13 --> 00:05:18 aid you and assist you in picking you fair value gaps that you're going to
58 00:05:18 --> 00:05:24 capitalize on. The very first fair value gap on the one minute chart is this one
59 00:05:24 --> 00:05:29 here. There's no other gaps here, so that's the first one. So that's what's
60 00:05:29 --> 00:05:35 noted here, first fair value gap. And this is a later one, after we had the
61 00:05:35 --> 00:05:39 market drop away from the buy stops being triggered above here. This is the
62 00:05:39 --> 00:05:45 first return into a sell side of balance, spots on an efficiency inside
63 00:05:45 --> 00:05:50 this gap here, targeting there and then down to this low. If you look at this
64 00:05:50 --> 00:05:55 candlesticks low, I have this underline up here. I'm highlighting this
65 00:05:55 --> 00:06:00 candlestick. You can see that that is the time the 9:52am September 19, 2024,
66 00:06:01 --> 00:06:08 candlestick that low price is shown here, 19,963.25 and that's the actual
67 00:06:08 --> 00:06:16 low, using this high to that low. So we're using a swing projection model on
68 00:06:16 --> 00:06:22 a model 22 entry attacking the sell side. How much further can it go down to
69 00:06:23 --> 00:06:27 the top of that? 15 minute fair value got high, but specifically to the tick,
70 00:06:27 --> 00:06:33 because the market's algorithm was delivered from high to low perfectly to
71 00:06:33 --> 00:06:38 the tick. And then while in the live stream, I'll be talking about how you
72 00:06:38 --> 00:06:45 should try to look for $75 to $100 for one micro contract. So that's the
73 00:06:45 --> 00:06:50 equivalent of 37 and a half to 50 handles in the NASDAQ, which, if you
74 00:06:50 --> 00:06:55 consistently do that with one micro, when you get to the point where you're
75 00:06:55 --> 00:07:00 trading one mini, that's a, you know what, 50 handles. That's $1,000 per
76 00:07:00 --> 00:07:06 contract. So that's a pretty good day. It's better than your job right now. So
77 00:07:06 --> 00:07:09 then we have the buy side of ml cell sign, efficiency, after creating that
78 00:07:09 --> 00:07:13 low, rallies comes back down in accumulates in here with these wicks.
79 00:07:13 --> 00:07:16 This wick here, consequent encroachment, you see, it comes down perfectly to the
80 00:07:16 --> 00:07:22 tick and rallies back above. Over here, though, this gap, it trades up into
81 00:07:22 --> 00:07:27 that. I mentioned this on the 15 second chart. It breaks lower. And notice the
82 00:07:27 --> 00:07:34 midpoint of this bicycle, mouse cell significance. That's the very first fair
83 00:07:34 --> 00:07:40 value got. So since we're looking for a run into mid gap, or the consequence of
84 00:07:41 --> 00:07:47 the opening range gap first 30 minutes of the trading, because it's a 70%
85 00:07:48 --> 00:07:51 likelihood it's going to trade to the midpoint of that gap. That means our
86 00:07:51 --> 00:07:54 initial bias is going to be lower. It does not matter what the daily
87 00:07:54 --> 00:07:58 candlestick is going to do. Your model is focusing on that as a built in
88 00:07:58 --> 00:08:02 advantage. It has a built in element of time, and you're picking the very first
89 00:08:02 --> 00:08:08 fair value gap to work with. So midpoint of that gap, after it trades down, comes
90 00:08:08 --> 00:08:13 back up in here and then sells off and trades down into top of the 15 minute
91 00:08:13 --> 00:08:20 fare value gap high, and using swing projections on internal range, high, the
92 00:08:20 --> 00:08:24 low, perfect delivery to the tick. And that would be that would complete your
93 00:08:24 --> 00:08:31 day. You wouldn't do anything else. And finally, the 15 second charge is a
94 00:08:31 --> 00:08:36 little bit more detail. This is the gap I was mentioning. Real time. Watch the
95 00:08:36 --> 00:08:39 live stream. You'll see me talk about it, because it's this one here. It was
96 00:08:39 --> 00:08:44 trading up into. I said, Watch. You can just poke its head into, or stab into
97 00:08:44 --> 00:08:47 this gap here, which is what it does there. And I said, now we want to see if
98 00:08:47 --> 00:08:53 I want to roll over and create this shaded first fair value gap. Act as a
99 00:08:53 --> 00:08:57 inversion fair value gap. It means it's going to trade down through it, come
100 00:08:57 --> 00:09:01 back up. Have a difficult time getting back on the other side of the upper half
101 00:09:01 --> 00:09:06 of it, and you can see it creates this distribution here, attacking the south
102 00:09:06 --> 00:09:11 side. And when it's down in here, in the live stream, watch and see dad's talking
103 00:09:11 --> 00:09:18 about how 75 to $100 is a good you know target to hit for your trading in the
104 00:09:18 --> 00:09:23 beginning. So if you consistently make 75 to $100 a day for one micro. It
105 00:09:23 --> 00:09:27 doesn't take very long for that to build up and consistently. If you can do it
106 00:09:27 --> 00:09:31 for one week, then you add one more micro contract, and you continuously do
107 00:09:31 --> 00:09:36 that, so it conditions you expecting to do the very same thing all the time, but
108 00:09:36 --> 00:09:42 allowing the leverage to slowly build, and not using a mini where it's $20 per
109 00:09:42 --> 00:09:47 handle in price fluctuation, this is only $2 per handle. So.