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ICT YT - 2024-09-25 - ICT 2024 Mentorship - Lecture 34

Last modified by Drunk Monkey on 2024-10-08 13:31
1 00:00:20 --> 00:00:34 ICT: Good morning, folks, how are you? Me A second here.
2 00:00:41 --> 00:00:45 Make sure Everything's going as it should do.
3 00:01:07 --> 00:01:08 Just checking an audio
4 00:01:13 --> 00:01:17 All right, so I'm not sure if it's good for you, but it seems like it's really
5 00:01:17 --> 00:01:19 good on my end. Today, I
6 00:01:25 --> 00:01:26 real quick. Thank
7 00:01:59 --> 00:02:03 All righty, so we have a lower gap opening
8 00:02:15 --> 00:02:20 that has just filled right here. I'm
9 00:02:28 --> 00:02:34 going to check Twitter real quick, or x, as they call it, today, if you guys can
10 00:02:34 --> 00:02:38 be so kind to let me know if you can hear me as well as I believe my audio is
11 00:02:38 --> 00:02:44 on my end. Just give me a five by five on Twitter. Just tweet that to me. I'll
12 00:02:44 --> 00:02:48 know everything's good if you can't hear it well, let me know that as well. I
13 00:02:48 --> 00:02:58 don't know, because it sounds like it's really, really nice on my end. Thank
14 00:02:58 --> 00:02:59 you. Jude, you
15 00:03:04 --> 00:03:12 Thank you. Abby, thank you. Michael, thank you. Richard, why I TT treats?
16 00:03:12 --> 00:03:17 Thank you so much. All right, so anyway, let's get back to the
17 00:03:22 --> 00:03:30 market. Had a rather small gap opening. It's less than 40 handles or so. So
18 00:03:30 --> 00:03:34 again, that's usually not all that exciting. Doesn't mean you can't use it.
19 00:03:34 --> 00:03:39 It just means it's not that exciting. My interest still lies with sticking with
20 00:03:39 --> 00:03:45 the higher Time Frame, because it's an election year, and because of that, I
21 00:03:45 --> 00:03:48 feel like they keep trying to inflate it to make it look like as a public
22 00:03:48 --> 00:03:51 perspective, is, if the stock market's up, the economy is good, but that
23 00:03:51 --> 00:04:01 doesn't correlate, really. But I like this August 22 daily high, and we have
24 00:04:01 --> 00:04:08 some smooth highs here that we'll look at. They left those intact last night.
25 00:04:19 --> 00:04:26 That's these over here, see that? So all this business here, I think, is in need
26 00:04:26 --> 00:04:33 of revisiting. So that's, that's what I'm looking for today. Until proven. You
27 00:04:33 --> 00:04:35 know, wrong, that's what I'm looking for. I
28 00:04:57 --> 00:05:04 Okay, no fair value gap has formed. You. It in the first few minutes of trading.
29 00:05:04 --> 00:05:08 You can't count this one. That's the 930 candle.
30 00:05:15 --> 00:05:25 And you probably noticed all this over here. This is all pre session setups in
31 00:05:25 --> 00:05:29 this this gray box here, that's yesterday's first presented fair value.
32 00:05:29 --> 00:05:32 So don't be confused. Don't think that that's today's because it's not, it's
33 00:05:32 --> 00:05:33 yesterday's i
34 00:06:03 --> 00:06:09 Now, if you're aggressive and you are okay with and comfortable with trading
35 00:06:09 --> 00:06:15 the less than one minute charts, and you have a bias, you can use the first
36 00:06:15 --> 00:06:21 presented fair value gap that's outside of the 931 Minute candle over here. You
37 00:06:21 --> 00:06:26 can't use that one on the one minute chart. So this candlestick here, here,
38 00:06:27 --> 00:06:32 that starts at 931 candle, right there. So this is a fair value gap. So this
39 00:06:32 --> 00:06:37 would be first presented fair value gap in the 15 second chart. You can see how
40 00:06:37 --> 00:06:43 it behaved here, delivered to the opening gap studies. Which are these
41 00:06:43 --> 00:06:48 levels here? I'll leave it to you to determine what they are based on
42 00:06:48 --> 00:06:50 yesterday's discussion. I
43 00:07:00 --> 00:07:25 Hey, that. Put you on mute real quick. Almost sneezed in your ear. Rest in
44 00:07:25 --> 00:07:27 peace, if you had been wearing headphones on that one.
45 00:07:42 --> 00:08:01 You I got a lot of feedback from yesterday's live stream. They seem to
46 00:08:01 --> 00:08:05 like it when it was just me annotating the chart and not saying anything.
47 00:08:07 --> 00:08:16 That's that's cool. But it wasn't that I was saying that people were complaining
48 00:08:16 --> 00:08:19 about how much I talked. It was the fact that they were complaining about not
49 00:08:19 --> 00:08:22 being able to hear me talk. And I don't know, I haven't done anything today
50 00:08:22 --> 00:08:24 differently, but it seems like the audio is
51 00:08:30 --> 00:08:37 a whole lot better. Small, little gap there. This is your first presented fair
52 00:08:37 --> 00:08:41 value gap right here, which overlaps New Day opening gap studies, which Are these
53 00:08:41 --> 00:08:42 levels here? I
54 00:09:27 --> 00:09:29 again, real quick, I just want to show you
55 00:09:38 --> 00:09:43 these relative equal highs. That's what the two, 14.75 level is. Doesn't have to
56 00:09:43 --> 00:09:47 trade there, but that's where my initial interest is. And then how we trade
57 00:09:47 --> 00:09:53 there, we just go above it and reject it. That sets the stage for a run up
58 00:09:53 --> 00:10:00 into August, 22 24th old daily high, which would obviously. Buy side, resting
59 00:10:00 --> 00:10:06 above it. But this is just a higher Time Frame, trying not to pick the top in the
60 00:10:06 --> 00:10:11 marketplace level. So it's kind of like me submitting to the fact that I'm not
61 00:10:11 --> 00:10:15 trying to pick the top in NASDAQ. So if it's going to keep going higher, what
62 00:10:15 --> 00:10:18 would you reach for next, if it's going to go above these relative equal highs,
63 00:10:20 --> 00:10:26 August 22 tie would be an interesting area for me. We've already swept this
64 00:10:27 --> 00:10:38 here, and let's take a quick look at that little premium wick. I apologize, I
65 00:10:38 --> 00:10:43 have seasonal allergies that I can't promise I'm gonna be able to hit the
66 00:10:43 --> 00:10:47 mute button every time I have to do something like that, but it would annoy
67 00:10:47 --> 00:10:52 me. So I I can sympathize for people that don't like to hear things like
68 00:10:52 --> 00:10:59 that. But I'm human, so you can see me when I write the consequence there. So
69 00:10:59 --> 00:11:03 whenever you're looking at old highs, it's real important that you're watching
70 00:11:04 --> 00:11:09 inside of these turning points, wherever there's a wick go right to the midpoint
71 00:11:09 --> 00:11:14 of that. And many times you're going to get intel that you otherwise wouldn't
72 00:11:14 --> 00:11:20 notice. You also notice that many times, when I'm taking profits on trades, even
73 00:11:21 --> 00:11:28 if I'm looking for a level like 12, I'm sorry, 2114, 75 as a run for buy side,
74 00:11:28 --> 00:11:33 if that has a wick like that just below that, that would be a partial for me,
75 00:11:33 --> 00:11:38 like I would start scaling out as it's entering into that mid gap, or mid wick,
76 00:11:38 --> 00:11:45 which is a gap, and then, wait for it to offer opportunity to give up 12, 214,
77 00:11:47 --> 00:11:51 175, so tile use wicks for targeting our partials.
78 00:11:58 --> 00:12:02 All right, we're down inside the first presented fair value gap of today,
79 00:12:11 --> 00:12:15 you can see a little bit more clear here on the 15 second chart. We just fell
80 00:12:15 --> 00:12:21 short of it, just by a little bit, which is why, when you're reaching for premium
81 00:12:21 --> 00:12:28 level something above, always exit ahead of it. Always try to scale something
82 00:12:29 --> 00:12:32 early. We're inside this fairway gap here.
83 00:12:54 --> 00:12:59 Mr. Bsetti, I got your email, by the way, glad to see that you're encouraged.
84 00:12:59 --> 00:12:59 You
85 00:13:07 --> 00:13:12 not that we discard entirely the 930 if there is a fair value gap there, it
86 00:13:12 --> 00:13:16 just, I like to do the first presented fair value gap that's not On the 930
87 00:13:17 --> 00:13:17 candle.
88 00:13:22 --> 00:14:30 I Now, if it wants to, if it wants to go higher that first presented fair value
89 00:14:30 --> 00:14:36 gap, if it's bullish, we want to see it trade into it and treat it as an
90 00:14:36 --> 00:14:40 inversion fair value gap. Otherwise, if we break below this one here, this could
91 00:14:40 --> 00:14:47 be treated as an inversion pay. I got to trade lower, but I'm sticking with the
92 00:14:47 --> 00:14:55 initial a higher Time Frame. I'm not trying to pick the top which is kind of
93 00:14:55 --> 00:14:58 along the lines that when the ladies, the students that are following along on
94 00:14:58 --> 00:15:03 this mentorship, though. Kirsten father's Christ. I think it's she goes
95 00:15:03 --> 00:15:10 by. She's very, very optimistic about some of the things that she's learning
96 00:15:10 --> 00:15:15 here. And she mentioned how she tries to get the the highest high and the lowest
97 00:15:15 --> 00:15:20 low, like I'm doing in my executions. And that's, unfortunately, that's not
98 00:15:20 --> 00:15:26 not what you should be trying to focus right now, trying to find the trades in
99 00:15:26 --> 00:15:29 between the high and the low, which is kind of like a silver bullet type setup.
100 00:15:37 --> 00:15:43 Sorry, I had to cram my throat as we get closer to Thanksgiving, not that it will
101 00:15:43 --> 00:15:48 be live streaming, but when we get closer to Halloween, in that time of the
102 00:15:48 --> 00:15:54 year, I see my arms kicking pretty hard, so you'll have to put up with that. I
103 00:15:54 --> 00:15:59 apologize. So we're inside of the fair value gap over here. First present the
104 00:15:59 --> 00:16:05 fair value gap. We want to see it maintain its ability to stay in here and
105 00:16:05 --> 00:16:09 then work towards this high that's what I would like to see. Personally, I'm
106 00:16:09 --> 00:16:12 subscribing to that view. I've submitted myself to that idea,
107 00:16:20 --> 00:16:26 but trying to find setups that are in between where you think it's going to go
108 00:16:26 --> 00:16:30 to the highest degree or to the lowest degree, they're generally like silver
109 00:16:30 --> 00:16:36 bullet type setups, which is why I gave the idea to my son, Cameron, because
110 00:16:36 --> 00:16:44 he's a gamer, And to keep him from wanting to be perfect, or striving to be
111 00:16:44 --> 00:16:50 perfect, it ran out the gate having a setup that affords him the luxury of
112 00:16:50 --> 00:16:54 just simply getting in something that's already in motion. As long as you can
113 00:16:54 --> 00:16:58 arrive at the correct bias of withdrawal liquidity, it's no something you're
114 00:16:58 --> 00:17:13 gonna trade to next. So that's so that's one of the things that cursed. I'm
115 00:17:13 --> 00:17:23 assuming I'm saying you need Kirsten correctly the you're not alone when you
116 00:17:23 --> 00:17:26 feel that way. You know you want to try to get in at the lowest low. And because
117 00:17:26 --> 00:17:31 it feels like if you can't do that, then trading isn't being done correctly. And
118 00:17:31 --> 00:17:37 that's not true. Just means that someone that can do that, and most people can't
119 00:17:37 --> 00:17:41 do it. There's a lot of people that are profitable that never get to that
120 00:17:41 --> 00:17:45 degree. They just trade in the middle of the of the ranges, and they just stick
121 00:17:45 --> 00:17:49 with momentum traits. And there's nothing inherently wrong with that. In
122 00:17:50 --> 00:17:54 fact, that's the best way to start learning, because it removes a lot of
123 00:17:54 --> 00:18:03 the the need to be right. And that's a thing that you, as you mentioned in your
124 00:18:03 --> 00:18:06 comments, and you're not the only one like that, either. Because everybody
125 00:18:06 --> 00:18:10 feels plagued by that, they want to be right and right is not essential,
126 00:18:11 --> 00:18:13 because you can be wrong and be profitable.
127 00:18:22 --> 00:18:38 I You can see how we fell short of reaching into that 2020, I'm sorry,
128 00:18:39 --> 00:18:44 20,002 14.75 level traded all the way back down to the 930 fair value gap we
129 00:18:44 --> 00:18:50 are inside of now working the top of the first resent the fair value gap which
130 00:18:50 --> 00:18:53 formed On the 933 candle. So
131 00:19:26 --> 00:19:30 we would want to see if it trades up above this high. We want to see it
132 00:19:30 --> 00:19:37 energetic, speed, a lot of energy to get through that candlesticks, wick midpoint
133 00:19:37 --> 00:19:43 or consequent, crochet. And we want to, I personally want to see it just drive
134 00:19:43 --> 00:19:48 right on through to 14.75, like It stole like I want to see it just try to run
135 00:19:48 --> 00:19:56 away. Because, again, my interest lies with that level up here. And it's just,
136 00:19:56 --> 00:20:01 again, it's just a higher Time Frame draw. There's nothing saying it needs to
137 00:20:01 --> 00:20:06 go here. It's just it would confirm to me that the higher Time Frame still is
138 00:20:06 --> 00:20:14 in very much a buy program and sticking to intraday long. So be the most
139 00:20:14 --> 00:20:18 appropriate if you're going to trade with the largest leverage, it would be
140 00:20:18 --> 00:20:21 more appropriate to trade it on that side of the market versus shorting with
141 00:20:21 --> 00:20:26 the highest leverage. Not that you can't make money shorting, it just means that
142 00:20:26 --> 00:20:35 by removing the likelihood of having an over leveraged trade on the wrong side
143 00:20:35 --> 00:20:39 of the marketplace is theoretically less likely to occur if you do it that way.
144 00:20:40 --> 00:20:45 That's my thought process on it doesn't mean it's 100% it just means that that's
145 00:20:45 --> 00:20:51 how I go about doing it. All right, so we're making relative equal highs here
146 00:20:52 --> 00:20:58 chain back down into the first retentive fair value gap. I'm going to remove the
147 00:20:58 --> 00:21:03 new day opening gap studies here, because essentially, the the information
148 00:21:03 --> 00:21:07 that they're providing is no different than what the first presented fair value
149 00:21:07 --> 00:21:15 gap is. So it keeps the chart a little bit cleaner. Gotta make sure I wasn't
150 00:21:15 --> 00:21:17 sure if I took you back off me or took myself back off me. I
151 00:21:23 --> 00:21:27 Okay, looking down into consequent crochet, just just past it a little bit
152 00:21:27 --> 00:21:30 that's all normal. We have this wick in here,
153 00:21:38 --> 00:21:43 as you're serving price every turning point or every consolidation. Always try
154 00:21:43 --> 00:21:48 to look for inefficiencies. That means just a fair value gap some kind or a
155 00:21:48 --> 00:21:52 wick, if there's a long, drawn out candlestick, wick to the bottom of a
156 00:21:52 --> 00:21:58 candle or above a candles high, always be mindful of that midpoint, because it
157 00:21:58 --> 00:22:03 gives you like a framework, not a framework like a foothold or a handhold
158 00:22:04 --> 00:22:10 for price to use. And they're not, they're not the very strongest ones,
159 00:22:10 --> 00:22:13 kind of like a volume imbalance. The volume imbalance is one like this, the
160 00:22:13 --> 00:22:16 separation between these two candlesticks bodies right there. That's
161 00:22:16 --> 00:22:21 a volume imbalance. They're the weakest. And then I say that not in a way that is
162 00:22:21 --> 00:22:27 derogatory. It's weakest in terms of allowing price to move back and forth
163 00:22:27 --> 00:22:32 through them. So I'm more I'm more flexible with them. They can be used as
164 00:22:32 --> 00:22:36 an entry model. For instance, we just went down consequent correction. We had
165 00:22:36 --> 00:22:40 this one here, traded back, go of and now we went down into there. It could
166 00:22:40 --> 00:22:45 use that as a foothold to trade up to the relative equal highs, or it can go
167 00:22:45 --> 00:22:51 lower one more time and then use this at a later time. It's just, How hard are
168 00:22:51 --> 00:22:58 you fixed on your immediate draw what you're trying to trade on? I like to use
169 00:22:58 --> 00:23:03 them while I'm in a trade that is really working well for me. And if they start
170 00:23:03 --> 00:23:07 responding well in that it gets it gives me a lot of confidence holding on to the
171 00:23:07 --> 00:23:14 setup, especially if it's a large position. But they're the least in terms
172 00:23:14 --> 00:23:20 of rigidness. I guess the easiest way to describe it that way would be whereas an
173 00:23:20 --> 00:23:24 order block. It's pretty it's pretty standard that I want to down close
174 00:23:24 --> 00:23:30 candle that was representing a bullish order block that would be best seen with
175 00:23:30 --> 00:23:33 the opening price down to the mean threshold, which is the middle of the
176 00:23:33 --> 00:23:39 candlestick. I don't want to see any body of another trading candle go lower
177 00:23:39 --> 00:23:44 than that. Preferably, I like to see it just touch the opening price and then
178 00:23:44 --> 00:23:48 stop right there and start going higher. That's a perfect world. That's a perfect
179 00:23:48 --> 00:23:55 delivery of bullish order block. But for volume imbalances, they can be very
180 00:23:55 --> 00:24:00 gotta be real flexible with them. And I've seen students that have because
181 00:24:00 --> 00:24:04 everybody wants to pick their own specific PDA rate. They don't. They want
182 00:24:04 --> 00:24:08 to learn from me, but they want to have their own pathway into what PDA rate
183 00:24:08 --> 00:24:14 they're going to use. So everybody got here, you just institutional order entry
184 00:24:14 --> 00:24:22 room right there. The they have their hearts broken, basically, because
185 00:24:22 --> 00:24:26 sometimes they expect the volume imbalances to be rigid. They expect them
186 00:24:26 --> 00:24:33 to be definitive about stopping price and if I don't have them, and I'm the
187 00:24:33 --> 00:24:37 author of that concept, employing it in price action, if I don't hold that
188 00:24:37 --> 00:24:45 degree of importance over them, why should you so it's not to be, you know,
189 00:24:45 --> 00:24:50 discouraging to you about it. It just means that you have to have the
190 00:24:50 --> 00:24:56 expectation that the characteristics around that specific PD array, you have
191 00:24:56 --> 00:25:03 to be flexibility is that is the key thing do. So we just bumped the relative
192 00:25:03 --> 00:25:08 eco highs here, and we still haven't traded to the 20,000 to 14.75 level you
193 00:25:22 --> 00:25:24 want to screenshot that, by the way, as I was talking about that volume
194 00:25:24 --> 00:25:27 imbalance, you can see how it behaved that way turn down to consequence
195 00:25:27 --> 00:25:32 encouragement of the first resent the fair value gap, traded back up and back
196 00:25:32 --> 00:25:37 down into that volume of balance to the bodies are that supports the volume
197 00:25:37 --> 00:25:40 imbalance. The wicks leave the damage. It's fine, and rallied up to the rather
198 00:25:40 --> 00:25:45 equal highs that could be your setup, that could be your model. There's
199 00:25:45 --> 00:25:50 nothing wrong with that. Don't think that you have to have the low of a run
200 00:25:50 --> 00:25:55 or a high of a run, and you're not somehow not smart money, or that you're
201 00:25:55 --> 00:25:59 not doing what I'm teaching correctly. You are. You're just looking for your
202 00:25:59 --> 00:26:04 segment of price action. That means something to you, that you can see it
203 00:26:04 --> 00:26:05 forming, and you trust it once
204 00:26:12 --> 00:26:15 you get comfortable with it, and you just give yourself the the freedom to
205 00:26:15 --> 00:26:19 get in here and have fun studying, you'll see your setup. Don't if you're
206 00:26:19 --> 00:26:24 forcing something like I have to, it has to be this thing, you know, it's gonna
207 00:26:24 --> 00:26:31 be hard for you. So by relaxing and letting it come to you, you'll do
208 00:26:31 --> 00:26:37 better. I'm just forcing Caleb to use the fair value gap, because it's he can
209 00:26:37 --> 00:26:41 see them. He's not correctly picking them, you know accurately all the Time,
210 00:26:42 --> 00:26:43 but
211 00:26:57 --> 00:27:04 take this off here that was a pre session. Sorry, this is the thing that
212 00:27:04 --> 00:27:08 you get messed up about, right Kirsten, you want to get the lows get out of here
213 00:27:10 --> 00:27:13 for now. Let's just leave that for ICT, you just worry about the things like we
214 00:27:13 --> 00:27:17 were just outlined over here, the middle pieces using the first potential fair
215 00:27:17 --> 00:27:25 bag app, volume and balance right there that fair value got that mentioned to
216 00:27:25 --> 00:27:29 you as always they're trading at the institutional order flow entry drill,
217 00:27:29 --> 00:27:33 which is a partial entry into the fair value gap when there is relative equal
218 00:27:33 --> 00:27:38 highs and a buy side liquidity also just above it. That's just like a real easy
219 00:27:38 --> 00:27:44 gravy train type setup. Easy, easy, easy, and obviously to never, ever,
220 00:27:44 --> 00:27:55 ever, Market Replay. So now I want to see if it can trade to be salty today in
221 00:27:55 --> 00:28:09 the comments. I have to escape it 1030 today. So to make sure that you had some
222 00:28:09 --> 00:28:17 candy, had to work with the morning session early on. But as you can see
223 00:28:17 --> 00:28:20 live, you can see, I'm painting it for you.
224 00:28:26 --> 00:28:34 So in a perfect world, I would like to see it not lose ground and go below this
225 00:28:34 --> 00:28:39 fair value guy. Okay, so what I'm saying here is these relative equal highs.
226 00:28:39 --> 00:28:49 We're going to take this off. Okay? And this is that wick that I had over here
227 00:28:49 --> 00:28:55 on this time frame. That's this candlesticks, premium, constant. Correct
228 00:28:55 --> 00:29:04 me, the wick right over here. It's a long way around the barn here, come on,
229 00:29:05 --> 00:29:09 good grief. Thought it was a couple doors down these things like in another
230 00:29:09 --> 00:29:19 neighborhood. I want a five minute chart all these candlesticks. Here is a wick.
231 00:29:19 --> 00:29:19 I
232 00:29:25 --> 00:29:33 That's that right there, see? So since we're above it now, we don't need to
233 00:29:33 --> 00:29:39 worry with it. Clean your chart off. And because we're above that is real that
234 00:29:39 --> 00:29:46 that old two to like 20,000 to 14.75 14.75 level. We are accumulating in
235 00:29:46 --> 00:29:49 here, which is exactly what you want to see. And I was mentioning down here. I
236 00:29:49 --> 00:29:52 don't want to see it trade below this. So this would be represented by,
237 00:29:52 --> 00:29:58 hopefully a breakaway gap that would lead to a run above at two, 14.75 level,
238 00:29:58 --> 00:30:03 and then to see if we can run up into. August 22 high. And that would make a
239 00:30:03 --> 00:30:06 beautiful session this morning, and I could close it and go get myself
240 00:30:07 --> 00:30:13 prepared for my appointment a little bit earlier. But this, if you were in a long
241 00:30:14 --> 00:30:18 you would be wanting to take profits as you're engaging that 22nd high like
242 00:30:18 --> 00:30:22 that, right there would have been a real nice area to start distributing some of
243 00:30:22 --> 00:30:28 your long position, and any remaining portion should have it stop below here.
244 00:30:30 --> 00:30:33 Should have no reason for it to go back down there unless it wants to go lower.
245 00:30:36 --> 00:30:40 And taking partials as we're approaching the target is always sound logic.
246 00:30:52 --> 00:30:56 So again, think about how we were talking about the first presented fair
247 00:30:56 --> 00:31:04 value gap when we traded down, relaxing, not forcing anything. The market traded
248 00:31:04 --> 00:31:10 down into the 930 This is a 15 second chart, but it's this,
249 00:31:17 --> 00:31:21 that cat there, so I'm gonna trade down there. We weren't freaking out. We gave
250 00:31:21 --> 00:31:25 the market the opportunity to show us what it wants to do. Our bias. Well, my
251 00:31:25 --> 00:31:33 bias that I shared with you was the 20,002 14.75 level, and then on a best
252 00:31:33 --> 00:31:38 case scenario, drawing to August 22 high, which we don't need that but
253 00:31:38 --> 00:31:44 because we have two pools of liquidity there. It's reasonable to expect it to
254 00:31:44 --> 00:31:48 try to make an attempt to get there. It need not get there entirely to this
255 00:31:48 --> 00:31:54 high, but we think that it's logical to start looking for setups that would be
256 00:31:54 --> 00:31:57 used for something like that. That means, when the market did drop down
257 00:31:57 --> 00:32:01 here, did it spend a lot of time inside that gap? Remember what I was teaching
258 00:32:01 --> 00:32:05 the last few times when we were in live stream inefficiencies. You don't want to
259 00:32:05 --> 00:32:09 see it staying inside the inefficiency and you're camping out. We don't want it
260 00:32:09 --> 00:32:12 staying in there, making lots of candlesticks forming inside the
261 00:32:12 --> 00:32:17 inefficiency. Because if the market's being delivered to that inefficiency,
262 00:32:17 --> 00:32:21 the algo is letting price get there for a moment, because Smart Money should
263 00:32:21 --> 00:32:26 already be expecting it to trade down there to onboard new loan positions. I
264 00:32:26 --> 00:32:32 gave you the process of thinking. Let it get back to the first presented fair
265 00:32:32 --> 00:32:36 value gap. Trade above it and treat it as what inversion. That's how you would
266 00:32:36 --> 00:32:40 use the first resented fair value gap today with this market structure, I was
267 00:32:40 --> 00:32:43 not ambiguous about it. The only thing I said was give it a chance, because if it
268 00:32:43 --> 00:32:47 fails here and doesn't go higher, then if it goes lower, this will be treated
269 00:32:47 --> 00:32:51 as inversion fair Vega, and we'll have to worry about this at a later time. But
270 00:32:51 --> 00:32:55 if it rallies back up to this one, it needs to go above it come back down in
271 00:32:56 --> 00:33:02 look at the bodies. That's the upper quadrant of that inefficiency. Let's see
272 00:33:02 --> 00:33:07 if it wants to trade it on August 22 first, before I start stripping down a
273 00:33:07 --> 00:33:15 little bit more detail while we're looking to see if it'll do it this over
274 00:33:15 --> 00:33:21 here was just simply me using a one minute by side, balance, outside
275 00:33:21 --> 00:33:26 efficiency and in close proximity to yesterday's first presented Fairbank.
276 00:33:26 --> 00:33:32 Yeah. So I was thinking that it was they were using it here, and retail sees
277 00:33:32 --> 00:33:35 these things like this as support. I want to get in there as it goes down
278 00:33:35 --> 00:33:41 below and it trades right into that little inefficiency there. So that was
279 00:33:41 --> 00:33:45 my entry, expecting it to trade up into perfect scenario. Would be trading up to
280 00:33:45 --> 00:33:49 August 20 seconds high. But this, admittedly, was where I was looking to
281 00:33:49 --> 00:33:55 to bail, and it goes here, up to August, 20 seconds high or higher. Wonderful.
282 00:33:55 --> 00:33:59 It's a moral victory for me. It's not something I have to profit on. It just
283 00:33:59 --> 00:34:06 means that I have to have a exit strategy before that. If you don't have
284 00:34:06 --> 00:34:10 an exit strategy before your ultimate Terminus or your target, you're probably
285 00:34:10 --> 00:34:15 going to fall victim to emotions and lose sight of what you're trading. And
286 00:34:15 --> 00:34:18 that's a terrible thing, terrible thing to see something that would have
287 00:34:18 --> 00:34:21 otherwise been profitable, if you would have been scaling out while it was
288 00:34:21 --> 00:34:24 moving in your favor as it's getting close to your Terminus. Terminus is
289 00:34:24 --> 00:34:28 where you think it ultimately goes to, like that's your final target. You'd
290 00:34:28 --> 00:34:32 have everything off the trade, even if you took parcels along the way, Terminus
291 00:34:32 --> 00:34:37 would be you have nothing left of the position on at that point, it's a full
292 00:34:37 --> 00:34:44 closure of whatever's remaining open. So my terminus for the trade is this,
293 00:34:45 --> 00:34:51 because I'm not holding a hard opinion that it has to get to this point here
294 00:34:51 --> 00:34:54 today for me, because I have an appointment I have to meet, and I can't
295 00:34:54 --> 00:34:59 guarantee that the market's going to move that far in the short period of
296 00:34:59 --> 00:35:05 time. That. Sitting from the charts with you today. So having 20,002 14.75 which
297 00:35:05 --> 00:35:09 is at a logical level, if you look at it on the one minute chart, they're
298 00:35:09 --> 00:35:10 relatively equal highs.
299 00:35:19 --> 00:35:28 They're right there. So Tuesday's noon hour, those relative equal highs, was
300 00:35:28 --> 00:35:34 the level I was looking for, with additional expectation that August 20
301 00:35:34 --> 00:35:43 seconds high would be a likely draw. And when you have a bias like that, Kirsten,
302 00:35:44 --> 00:35:49 as we were showing here live, as long as you know what the market's most likely,
303 00:35:49 --> 00:35:53 I'm going to get it wrong eventually, you know, I'll sit out here with you
304 00:35:53 --> 00:35:58 guys, and eventually I'll expect it to go a direction, and it won't do it. I'm
305 00:35:58 --> 00:36:02 anticipating it happen. Okay? Because they're not going to let me just sit out
306 00:36:02 --> 00:36:06 here every day and do it perfectly that that's, trust me, that's not going to
307 00:36:07 --> 00:36:23 happen. So day, right? Day, the go, Phil, the the return back into this
308 00:36:23 --> 00:36:31 first percent of fair value gap. I mean, I understand that, that people, when
309 00:36:31 --> 00:36:35 they see me describe this stuff, because it's not something that they can reach
310 00:36:35 --> 00:36:38 over here and say, Oh, he's just borrowing it from here. It's not
311 00:36:38 --> 00:36:44 something anywhere else. So when I'm looking at inefficiencies, I'm looking
312 00:36:44 --> 00:36:49 at these inefficiencies in the broad perspective of how it's going to be used
313 00:36:49 --> 00:36:53 as a narrative. That's the main thing I want you to hear in my delivery today,
314 00:36:54 --> 00:37:00 is that number one, I'm absolutely calm about what I expect to see. I'm not
315 00:37:00 --> 00:37:04 hopped up on goofballs. I'm not scared about being wrong. I know what it's
316 00:37:04 --> 00:37:08 likely to do based on what it's showing me. Contrast that with what we were
317 00:37:08 --> 00:37:13 watching live on Monday, where I knew for certain that I was going to be
318 00:37:13 --> 00:37:18 executing if I did in seek and destroy, because we were spending time in every
319 00:37:18 --> 00:37:23 inefficiency that formed. It just stayed inside of it, consolidating. And that is
320 00:37:23 --> 00:37:29 the truest fashion for you to say, Okay, we're probably going to be in a
321 00:37:29 --> 00:37:34 unfavorable market, which could eventually trade to a seek and destroy
322 00:37:34 --> 00:37:37 that where every high gets taken out, every log is taken out. That's what a
323 00:37:37 --> 00:37:42 seek and destroy the days. Okay? And there you go. Boom. Screenshot that. So
324 00:37:43 --> 00:37:50 insert Brad Pitt dancing. Yeah, I'm lucky again. How about it? How about it?
325 00:37:50 --> 00:37:56 I'm lucky. I'm lucky. It's your birthday. It's your birthday. Go ICT. Go
326 00:37:56 --> 00:38:03 ICT. So anyway, it's real hard to argue. Now, folks, it really, really is hard to
327 00:38:03 --> 00:38:08 argue. I know some of you heard stories about how I did this stuff on daily with
328 00:38:08 --> 00:38:14 the private mentorship group for years, and it didn't start off that way in the
329 00:38:14 --> 00:38:18 beginning, because I was teaching them how I was teaching initially in the
330 00:38:18 --> 00:38:23 beginning of this 2024 mentorship, where we're just sitting there and we're
331 00:38:23 --> 00:38:30 watching two charts, just watching price. If you don't have any interest in
332 00:38:30 --> 00:38:33 doing that, you're never going to learn how to do this. Well, I don't know how
333 00:38:33 --> 00:38:38 to say any better than that. And I'm going to spend about five minutes giving
334 00:38:38 --> 00:38:43 you an exit monolog, and I'm going to close the stream, okay, but it's real
335 00:38:43 --> 00:38:49 important that you understand that spending time over the charts without
336 00:38:49 --> 00:38:55 any demand of what you think it should do just observing what what patterns
337 00:38:55 --> 00:39:00 that repeat around certain times of the day. What do we see? What do we see
338 00:39:00 --> 00:39:07 around the first 30 minutes. What do we see after 10 o'clock starts? How is that
339 00:39:07 --> 00:39:12 first presented? Fair value gap that's not formed on the 930 candle. How is it
340 00:39:12 --> 00:39:17 used? You may not know where the market's likely to draw to in advance.
341 00:39:17 --> 00:39:20 You may not know those things, and it's okay that you don't know them in the
342 00:39:20 --> 00:39:24 beginning, because your repetition of being in front of the charts, hearing me
343 00:39:24 --> 00:39:28 describe what I think is going to happen, I'm lending you just like I lent
344 00:39:28 --> 00:39:31 it to my private mentorship students who paid me, and I did this stuff with a
345 00:39:31 --> 00:39:37 high 90% accuracy. Every single day, you're all getting experience of that
346 00:39:37 --> 00:39:43 right now, you're seeing it, and it won't happen for you, where you're that
347 00:39:43 --> 00:39:47 accurate all the time for a while. I don't know how long it's going to take
348 00:39:47 --> 00:39:51 for you. Some of you that send comments to me, and you're asking very sincerely,
349 00:39:52 --> 00:39:55 how long do you think it'll take me to learn how to do this? I need to make
350 00:39:55 --> 00:40:00 money. I'm in dire straits. Well, you have to, you have to fix that. Said
351 00:40:00 --> 00:40:03 because I can't guarantee that you're going to be profitable, and any mentor
352 00:40:03 --> 00:40:06 that says that they shouldn't, you shouldn't pay any mind to them, leave
353 00:40:06 --> 00:40:11 them. I'm trying to be as responsible as I can as a Christian, as a human being,
354 00:40:11 --> 00:40:16 as a man, as a teacher, as a mentor, I can't promise you that that you're going
355 00:40:16 --> 00:40:21 to be profitable, because you can still mess it up. I could be in front of you
356 00:40:21 --> 00:40:24 today calling every single thing like I did here, and you do something
357 00:40:24 --> 00:40:31 incorrectly in your own hands and lose money. I've watched that happen. I've
358 00:40:31 --> 00:40:36 watched people do things that were not equipped because they either over, over
359 00:40:36 --> 00:40:41 leveraged or it started moving in their favor, but then you put a stop loss in
360 00:40:41 --> 00:40:45 too tight, and they get stopped out, and then they go back in trying to do
361 00:40:45 --> 00:40:49 something immediately over leveraging, and then stopped out again. And now
362 00:40:49 --> 00:40:55 they're in a losing day, but they're watching me call the market live, and
363 00:40:55 --> 00:41:00 they see it trading to the targets. That's very frustrating for me, so I
364 00:41:00 --> 00:41:06 can't, I can't hold your hands back, and I can't try to convince you any more
365 00:41:06 --> 00:41:10 than I do already. You just have to give yourself the patience. Develop that
366 00:41:10 --> 00:41:15 patience of you'll see it work. Trust me, if you spend enough time and trust
367 00:41:15 --> 00:41:21 studying and looking for it, once you see it, you can't unsee it. You can't
368 00:41:21 --> 00:41:28 you can't diminish it. You can't just, you can't just discount it. But it's a
369 00:41:28 --> 00:41:33 hard place to get to initially, because invariably, especially with my
370 00:41:33 --> 00:41:39 personality and what people's opinions are about me, I'm labeled a fraud. I'm
371 00:41:39 --> 00:41:45 labeled this. I'm labeled that, and it's amazing how these individuals that say
372 00:41:45 --> 00:41:48 that they're not paying attention to what's being shown here live like they
373 00:41:48 --> 00:41:55 don't. They don't see it, because that's so prevailing in the community, the
374 00:41:55 --> 00:41:59 training community around them. I'm polarizing. You're already wrestling
375 00:41:59 --> 00:42:03 with it's probably not going to work, and you're looking for anything to be
376 00:42:03 --> 00:42:08 able to justify while why you should not spend any time doing it. For some of
377 00:42:08 --> 00:42:11 you, that's going to be a very hard thing to get through, but I promise you
378 00:42:11 --> 00:42:17 this, if you dig your heels down and you're not swiping your credit card to
379 00:42:17 --> 00:42:20 watch me do this, and I'm not forcing you to come back to my live streams, you
380 00:42:20 --> 00:42:25 can watch it whenever you want to watch it, but you're watching it live and you
381 00:42:25 --> 00:42:29 see it. So that should be an encouragement to you, because I can
382 00:42:29 --> 00:42:35 promise you this, I am not a mental giant, okay? I'm not a genius. I'm not
383 00:42:35 --> 00:42:42 something above and beyond what any of us that are watching can do if you can
384 00:42:42 --> 00:42:46 see these candlesticks, and you have vision, and you know what time it is,
385 00:42:46 --> 00:42:49 and you can recognize the fair value gap, you can see relative equal highs
386 00:42:49 --> 00:42:53 and where daily highs and lows are. You can do everything I did today,
387 00:42:55 --> 00:42:59 everything I did today is within your grasp. Anyone that tells you you can't
388 00:42:59 --> 00:43:05 or that it's nonsense or it's contrived, they have a really hard argument to make
389 00:43:05 --> 00:43:10 when you see it being done consistently, like it's to me, I would be very
390 00:43:10 --> 00:43:15 encouraged if I could have watched someone do this for free and then say,
391 00:43:15 --> 00:43:19 hey, look, keep keep coming back, and you're going to Learn how to do this too
392 00:43:20 --> 00:43:27 by repetition, so quick little summary here,
393 00:43:38 --> 00:43:45 the initial run that is not a Juda swing. It's just simply, it's trying to
394 00:43:45 --> 00:43:50 get somewhere. And it was going to go to that two, 14.75 level, because it's
395 00:43:50 --> 00:43:55 their smooth highs. They left them in place yesterday. And then this gap,
396 00:43:55 --> 00:43:58 while it's not considered the first presented fair value gap, by definition,
397 00:43:58 --> 00:44:01 it is a fair value gap, so you have to look at it and consider it. But this is
398 00:44:01 --> 00:44:05 the first presented fair value gap. So what's the difference? First presented
399 00:44:05 --> 00:44:12 fair value gap is going to be utilized for a signal or a setup that my son will
400 00:44:12 --> 00:44:18 use. So this is, this is where Caleb takes his trade later on, when he gets
401 00:44:18 --> 00:44:24 better at looking at in information, in price action. He may take this long here
402 00:44:25 --> 00:44:31 and then add to it here, but his father is telling him, this is how you're going
403 00:44:31 --> 00:44:34 to use it if it's down here. Okay, it was in a hurry to get down here. That
404 00:44:34 --> 00:44:39 means it repriced there. So it offered the sell side in that little area. It
405 00:44:39 --> 00:44:42 did not spend a lot of time there. These are one minute candles. So it went down
406 00:44:44 --> 00:44:48 one more candle, and then on the third candle, it's leaving. Elvis has left the
407 00:44:48 --> 00:44:53 building. And while we're down here, I said we want to see if it's going to be
408 00:44:53 --> 00:44:57 bullish, it's going to trade up to the first instance of everybody I got trade
409 00:44:57 --> 00:45:01 above it and come back down in Is that not what the trade. It shows here. Did
410 00:45:01 --> 00:45:06 you watch it live in your own data feed? Did you see that happen there? Did I
411 00:45:06 --> 00:45:12 have somehow gained control over the CME and the data that way I can manipulate
412 00:45:12 --> 00:45:15 the price that goes into everybody's computers and screens all around the
413 00:45:15 --> 00:45:18 world. Everybody sees the same thing. I have the ability to do that like Dr
414 00:45:18 --> 00:45:23 Xavier or Professor Xavier. I have I can cerebrio get married and calls
415 00:45:23 --> 00:45:27 everybody. I think they see the same thing. Some of you guys give me too much
416 00:45:27 --> 00:45:35 credit. So looking at that little inefficiency there, I'll say this, and
417 00:45:35 --> 00:45:44 then I'm done. Says candles high. That candle is low. By the way, I was
418 00:45:44 --> 00:45:47 noticing that the likes on the live streams, they're really, uh, they're
419 00:45:47 --> 00:45:53 really low. I'm not sure if I'm entertaining you guys or not. If you're
420 00:45:53 --> 00:45:57 not learning something, I certainly don't want to waste your time. But if
421 00:45:57 --> 00:46:01 you're finding it valuable, one of the biggest things you can do, is it to
422 00:46:01 --> 00:46:05 encourage me, is to give it a thumbs up. It doesn't give me any more money. It's
423 00:46:05 --> 00:46:08 not a necessity, because I'm going to still do it if nobody puts a thumbs up
424 00:46:08 --> 00:46:12 because I'm teaching it to my son. But I like to see that feedback, because I
425 00:46:12 --> 00:46:18 take that as I saw that live. I saw it live. That's what I think that thumb up
426 00:46:18 --> 00:46:21 should be like. That's you saying I was a witness. I saw I was here live.
427 00:46:21 --> 00:46:25 Doesn't mean that everybody's going to do it, because some people just don't
428 00:46:25 --> 00:46:31 want to do it. But here's the lower quadrant of that inefficiency here. Look
429 00:46:31 --> 00:46:38 at that. Isn't that beautiful. It spikes down with its wick, leaves what this
430 00:46:38 --> 00:46:43 drop back down and leaves the lower portion untouched? Yes, we traded to it
431 00:46:43 --> 00:46:47 here. Yes, we traded up through the lower quadrant, through here. But what I
432 00:46:47 --> 00:46:51 said was, when we were down here, it needs to trade up through it and go
433 00:46:51 --> 00:46:55 above it and come back down into it. So when it's diving down into it, you got
434 00:46:55 --> 00:47:00 to look at that. This is the first time it's using it as what inversion. So it's
435 00:47:00 --> 00:47:06 going to do, what, in a perfect world, leave the lower half untouched? Well, it
436 00:47:06 --> 00:47:10 trades down to the lower quadrant, but it leaves the lowest portion open.
437 00:47:10 --> 00:47:15 That's exactly what you're looking for, for inversion, fair value gap. This is
438 00:47:15 --> 00:47:18 the signature that the algorithm is absolutely going to send it higher.
439 00:47:19 --> 00:47:28 There's not it's No Ambiguous confliction. There's no argument about
440 00:47:28 --> 00:47:33 it. It is absolutely telling you that that's exactly what you expect. And then
441 00:47:33 --> 00:47:38 the bodies stay where in the upper half, from that red level here up to the top
442 00:47:38 --> 00:47:46 at 20,001 79 to 180 4.75 the bodies are perfect if they're inside that range,
443 00:47:46 --> 00:47:50 which is the upper half of that orange box that's represented by this
444 00:47:50 --> 00:47:56 candlesticks low and this candlesticks high. And then we use the upper quadrant
445 00:47:56 --> 00:48:07 level too, and then sends it like I love, that you guys can see it. What
446 00:48:07 --> 00:48:13 irritates me is people that try to you know they lie, and they say this is
447 00:48:13 --> 00:48:17 found somewhere else, or I copied it from this one and that one my question
448 00:48:17 --> 00:48:23 is, is, can you please show us, please, without any any, uh, confusion about it,
449 00:48:23 --> 00:48:27 show us what book, what page number, what author, what teacher, was doing all
450 00:48:27 --> 00:48:32 this stuff before 1996 I promise you're not going to find it, I promise you. And
451 00:48:32 --> 00:48:38 instead of doing all that drama stuff, just pull up a chair, grab some note
452 00:48:38 --> 00:48:41 taking instruments and just join us. You can do it anonymously. You don't have to
453 00:48:41 --> 00:48:45 say that you're learning from me, but I promise you, if you spend time with me,
454 00:48:45 --> 00:48:48 you're going to learn things that you never would have learned. You'll be able
455 00:48:48 --> 00:48:51 to see price action better than anyone else is going to teach you. You'll be
456 00:48:51 --> 00:48:55 able to be calm about it, you'll be comfortable, you won't be antsy, your
457 00:48:55 --> 00:48:59 heart won't be racing, you won't have anxiety attacks and heart palpitations.
458 00:48:59 --> 00:49:03 And it makes it fun. It's almost like meditation, because you know what it's
459 00:49:03 --> 00:49:10 likely to do, and when you see it over and over and over again for decades, for
460 00:49:10 --> 00:49:15 decades, it's just like anything else. It's like anything else that you get
461 00:49:15 --> 00:49:21 good at. It's a hobby or a pastime that you do at home. You know it well. And
462 00:49:21 --> 00:49:24 these things I'm teaching are something that you absolutely can learn how to do,
463 00:49:25 --> 00:49:28 and once you learn them, they're like riding a bike, as long as you keep your
464 00:49:28 --> 00:49:31 mental faculties to yourself and your health is good, and you're not
465 00:49:31 --> 00:49:36 distracting yourself with high, high pulsing music and things that coming in
466 00:49:36 --> 00:49:42 out of your room when you're studying. Have a an area where you're studying
467 00:49:42 --> 00:49:46 with no distractions. No one said, Hey, can you can you help me with this? Or
468 00:49:46 --> 00:49:51 Daddy, can you do this? Or Mommy, can you do that? Afford yourself some time,
469 00:49:51 --> 00:49:57 because how you invest in your study time doing this is going to help yield
470 00:49:57 --> 00:50:02 huge dividends. But if you're doing it, you. Half heartedly, or if you're doing
471 00:50:02 --> 00:50:06 it, when you're distracted or tired, if you're fatigued, you're not you're not
472 00:50:06 --> 00:50:09 doing it right. And that might mean that you can only study a few times a week,
473 00:50:09 --> 00:50:12 not every day. And there's nothing wrong with that. There's absolutely nothing
474 00:50:12 --> 00:50:17 wrong. It's about the quality, not the quantity, of your study. How well are
475 00:50:17 --> 00:50:20 you studying? How well are you annotating your charts? How well are you
476 00:50:20 --> 00:50:23 keep in your journal, because if you're doing it rushed, if you're trying to
477 00:50:23 --> 00:50:26 just breeze right through it, you're not going to get the result you're looking
478 00:50:26 --> 00:50:29 for, and you're going to be frustrated. And that's the last thing I want to see
479 00:50:29 --> 00:50:33 any of you do. Because I promise you, if I didn't believe that you could learn to
480 00:50:33 --> 00:50:37 do this, if I couldn't do this, I wouldn't be out here doing it. Live from
481 00:50:37 --> 00:50:41 you. I'd be afraid. I'd be hiding somewhere. I'd be off of Twitter. I'd be
482 00:50:41 --> 00:50:45 off of social media, hiding under a rock somewhere, and you don't see that, do
483 00:50:45 --> 00:50:49 you? Because I want to see you do well, things are about to get really hard, and
484 00:50:49 --> 00:50:52 if you can start making a little bit extra money by doing this, I'm not
485 00:50:52 --> 00:50:57 saying that you will, but if you can imagine the ease the weight off your
486 00:50:57 --> 00:51:02 shoulders, and that would bring me such a wonderful peace of mind, knowing that
487 00:51:02 --> 00:51:05 if you took the time to reach out to me and say, I'm so thankful I invested the
488 00:51:05 --> 00:51:09 time learning what you showed because now I'm able to do this when
489 00:51:09 --> 00:51:13 everything's so hard. Thank you. That's what I'm looking forward to. I want to
490 00:51:13 --> 00:51:17 see those testimonies. I want that not I want and bought a Lamborghini, not that
491 00:51:17 --> 00:51:21 I went out and bought a, you know, toy I that's not what I that's not what I
492 00:51:21 --> 00:51:27 that's not what I'm doing this for. So I had fun today. Real short and sweet, I
493 00:51:27 --> 00:51:32 have an appointment. If I don't get off here, I will not make it. So study
494 00:51:33 --> 00:51:38 obviously, and we'll be back out again tomorrow. Same time, same ICT channel.
495 00:51:39 --> 00:51:41 Lord willing. Until then be safe. Do.