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ICT YT - 2024-09-24 - ICT Tutelage Journal Log Sep 24

Last modified by Drunk Monkey on 2024-09-25 09:34
1 00:00:00 --> 00:00:05 ICT: Alright, Kayla, this is a review for your NASDAQ for Tuesday, September
2 00:00:05 --> 00:00:10 24 2024 we'll be looking at just a one minute chart. We had a premium gap
3 00:00:10 --> 00:00:15 opening, so we had a bias for you would have been bearish in the morning
4 00:00:15 --> 00:00:19 session. So take a look at the chart here without any annotations. Pause the
5 00:00:19 --> 00:00:23 video when you're done and you want to see the rest of the annotations. Unpause
6 00:00:23 --> 00:00:32 the video. All right. So we had buy side here and sell side going into the 930
7 00:00:32 --> 00:00:36 opening. I mentioned during the live stream. You'll notice when you watch it
8 00:00:36 --> 00:00:40 this high I went back in compared it to this one. So this was your primary buy
9 00:00:40 --> 00:00:45 side. So I noted that on a live stream, got a minor sell side liquidity pool
10 00:00:45 --> 00:00:50 here, and a primary sell side liquidity pool there. We had a new day opening gap
11 00:00:51 --> 00:00:58 here at the 20,000 zero, 72 and a quarter to 20,063 and a quarter, and
12 00:00:58 --> 00:01:06 then the new week opening gap high at 20,040 and first present the fair value
13 00:01:06 --> 00:01:11 gap here at 931 which is the minimum criteria for the opening range between
14 00:01:11 --> 00:01:16 930 and 10 o'clock. So your fair value gap cannot form on the 930 candlestick.
15 00:01:16 --> 00:01:21 So if you look at this candlestick right here, that frames the basis for that
16 00:01:21 --> 00:01:30 city or fair value gap. That high comes in at 20,001 27.50 so your entry model
17 00:01:30 --> 00:01:34 is one tick below that. You'll notice on this candlestick right here, it did
18 00:01:34 --> 00:01:41 print 20,001 27.25 but you would not have gotten filled there because the
19 00:01:41 --> 00:01:46 spread has to be fact. So it has to print 120, 7.50 to book your price at a
20 00:01:46 --> 00:01:52 minimum. And you can see that on this candlestick here, at 20,001 2950 you
21 00:01:52 --> 00:02:00 would have definitely been filled there at 2727 25 because 2750 did book and
22 00:02:00 --> 00:02:06 then the market would have used the structure on this fair value gap here,
23 00:02:07 --> 00:02:13 this candle sticks high at 140 4.25 you can see those levels over here
24 00:02:13 --> 00:02:20 respectively. So your entry short would have been 120 7.25 stop to 20,001 44.25
25 00:02:22 --> 00:02:27 so your risk here is 17 handles in relationship to dollar terms for one
26 00:02:27 --> 00:02:33 mini contract that relates to $340 per Mini. For a micro, that would be $34
27 00:02:34 --> 00:02:40 risk and the profit phase of the price run down to the high of The New Day
28 00:02:40 --> 00:02:43 opening gap, if you're using that for your first partial order, if that was
29 00:02:43 --> 00:02:46 your low hanging fruit Terminus. In other words, that's all you're trying to
30 00:02:46 --> 00:02:54 do. That would take you to 20,072.25 or 55 handles, or for one mini contract,
31 00:02:54 --> 00:03:03 the profit would be $1,100 for a better than 3.23 which is a multiple of 3.23
32 00:03:05 --> 00:03:09 reward to risk. So for every $1 that you would have risked, you would have gained
33 00:03:09 --> 00:03:18 $3.23 so basically, three to one. The other objective could have been using
34 00:03:18 --> 00:03:25 the new week opening gap high down here, which would have been taking that R
35 00:03:25 --> 00:03:29 multiple greater than five. So for every $1 that you risked, you would have made
36 00:03:29 --> 00:03:38 $5 or a little bit more than $5 closer to 1700 plus per Mini. So the profit on
37 00:03:38 --> 00:03:43 a micro at this level here, trading down below the sell side here and not even
38 00:03:43 --> 00:03:47 getting to the primary notice that we don't even need to trade down to the
39 00:03:47 --> 00:03:51 primary sell side liquidity to get first partial paying out for one mini at
40 00:03:51 --> 00:04:00 $1,100 or for a micro $110 for $34 risk respectively. But if you were holding it
41 00:04:00 --> 00:04:11 for another 32.25 handles, that's about $1,700 per mini contract, or $170 for a
42 00:04:11 --> 00:04:19 micro risking again on $34 ultimately trades lower below the new week. Opening
43 00:04:19 --> 00:04:23 gap creates a short term low trades back up to the high the new week opening gap
44 00:04:24 --> 00:04:28 works all of the quadrants inside of the new week opening gap breaks lower,
45 00:04:28 --> 00:04:32 creates another short term low trades back up into the city, and then dumps
46 00:04:32 --> 00:04:39 one more time into a 15 minute old low. You probably still see it on a 60 minute
47 00:04:39 --> 00:04:44 chart too, but that price comes in at 19,009 55.25, have we watched it happen
48 00:04:44 --> 00:04:47 here? I mentioned during the live stream, you might want to go back and
49 00:04:47 --> 00:04:53 listen to it. I mentioned, this is three drives lower. So it makes a low breaks
50 00:04:53 --> 00:04:56 below it makes a low break. So low whenever you see three attempts to do
51 00:04:56 --> 00:05:00 that into a key level where there's liquidity, like a 15. That time frame an
52 00:05:00 --> 00:05:05 hour or four hour that's generally a good idea to anticipate some kind of
53 00:05:05 --> 00:05:09 intermediate term retracement. Dad was watching it. It's wondering for the
54 00:05:09 --> 00:05:14 market maker, buy model. And I framed all this out all of the fair value gaps
55 00:05:14 --> 00:05:17 here. It's not important for you to know that, but if you want to watch that, do
56 00:05:17 --> 00:05:20 it, just look at the live stream. You'll see how we were using it all to frame
57 00:05:20 --> 00:05:24 all the buy side of the curve that take us back up to the Lakota I mentioned at
58 00:05:24 --> 00:05:28 the beginning of the stream. So this was the area I was focusing on, under the
59 00:05:28 --> 00:05:32 pretense that this was going to be a market maker buy model. So that's just
60 00:05:32 --> 00:05:39 the just a really nice day, technically, but the opening range gap, because we
61 00:05:39 --> 00:05:45 opened higher than where we settled yesterday, at 4:15pm that higher gap
62 00:05:45 --> 00:05:50 sets the stage for a lower delivery and price at least to mid gap, consequent
63 00:05:50 --> 00:05:55 encouragement. So that means that your bias in here, using the fair value gap
64 00:05:55 --> 00:05:56 would have been bearish. So