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2 |1 |00:00:40 ~-~-> 00:00:57 |ICT: Well, good morning, folks, how are you happy? A nice weekend. Checking
3 |2 |00:00:58 ~-~-> 00:01:00 |Twitter. You guys can let me know If you can hear me, okay.
4 |3 |00:01:22 ~-~-> 00:01:33 |You thank you, fellas, appreciate it. All right, so we are open for business
5 |4 |00:01:33 ~-~-> 00:01:48 |here, opening range, gap high at 220, 2.25 so Always starting the opening
6 |5 |00:01:48 ~-~-> 00:01:54 |range with that initial bias. I
7 |6 |00:02:39 ~-~-> 00:02:44 |we have no news today or Tuesday, and then we have CPI and PPI later in the
8 |7 |00:02:44 ~-~-> 00:02:50 |week, so it's gonna be a lot of volatility towards the end of the week.
9 |8 |00:02:54 ~-~-> 00:02:59 |Price should be slow but still clean on Monday and Tuesday this week, I'm
10 |9 |00:03:18 ~-~-> 00:03:24 |again as a reminder we're always looking for that, that mid gap.
11 |10 |00:03:32 ~-~-> 00:03:36 |So we're looking around 20,001 79, and a Half. I'm
12 |11 |00:04:01 ~-~-> 00:04:08 |I take you out on a five minute chart. Show you the pools of liquidity. Here's
13 |12 |00:04:08 ~-~-> 00:04:10 |minor sell side,
14 |13 |00:04:16 ~-~-> 00:04:24 |minor buy side. Those are two pools of liquidity that I'm focusing on,
15 |14 |00:04:24 ~-~-> 00:04:28 |primarily this morning. Initially beyond that, we have
16 |15 |00:04:35 ~-~-> 00:04:46 |this low here, and then we have this back here for primary buy side and
17 |16 |00:04:46 ~-~-> 00:04:50 |primary sell side. I'll leave them up here for a second so you can put them on
18 |17 |00:04:50 ~-~-> 00:04:50 |your chart.
19 |18 |00:04:59 ~-~-> 00:05:05 |I. I tried to do very little talking today. I believe I'm getting what my
20 |19 |00:05:05 ~-~-> 00:05:09 |wife and kids have had. So I'm trying to preserve my voice. Otherwise I won't be
21 |20 |00:05:09 ~-~-> 00:05:12 |able to speak at all,
22 |21 |00:05:17 ~-~-> 00:05:19 |so only when it's sailing up. I'll mention something i
23 |22 |00:05:29 ~-~-> 00:05:29 |so I
24 |23 |00:05:43 ~-~-> 00:05:44 |that's the initial Draw. I'm
25 |24 |00:07:20 ~-~-> 00:07:44 |I'd like to see that stay open right here On the 15 second chart. I
26 |25 |00:09:51 ~-~-> 00:09:59 |so far, we don't have a one minute fair value gap yet, but I noted the 15.
27 |26 |00:10:00 ~-~-> 00:10:00 |Second one point so
28 |27 |00:10:33 ~-~-> 00:10:39 |the full gap closure would be all the way up here. Mid gap is here, 20,001 79
29 |28 |00:10:40 ~-~-> 00:10:45 |and a half, it's Always the initial draw for the first 30 minutes, I'm
30 |29 |00:11:00 ~-~-> 00:11:10 |I'm watching this volume and bounce on the one minute chart on the left side. I
31 |30 |00:11:10 ~-~-> 00:11:13 |don't want to annotate it, because I don't want too much stuff on the chart.
32 |31 |00:11:13 ~-~-> 00:11:14 |This morning,
33 |32 |00:11:22 ~-~-> 00:11:29 |I You're gonna hear my puppy snoring. Sorry, is what it is. I'm
34 |33 |00:12:41 ~-~-> 00:12:43 |So far, a little disorganized this Morning.
35 |34 |00:13:02 ~-~-> 00:13:32 |I earlier, you already mentioned. I'd rather see that stay open. The fact that
36 |35 |00:13:32 ~-~-> 00:13:37 |we came down and hit It puts you on the sidelines till 10. I
37 |36 |00:15:21 ~-~-> 00:15:27 |Okay, I'm going to first present a fair value gap for a moment. I
38 |37 |00:15:40 ~-~-> 00:15:59 |The initial low taken here, so we'll See what we get After having done so I'm
39 |38 |00:17:13 ~-~-> 00:17:15 |there's nothing for you to Do. Caleb, you have To sit still. I
40 |39 |00:18:23 ~-~-> 00:18:27 |i prefer to try to climb back above first present the pair of a gap on the
41 |40 |00:18:27 ~-~-> 00:18:32 |one minute chart. Treat it as inversion from the buy side and get back to mid
42 |41 |00:18:32 ~-~-> 00:18:42 |gap. Mid gap gives me better visibility for The rest of The morning session. I
43 |42 |00:19:41 ~-~-> 00:19:47 |using inversion fair value gap here, then rallying subsequent fair value gap
44 |43 |00:19:47 ~-~-> 00:19:53 |after that, that would be the entry, not just trading back into it, to
45 |44 |00:19:53 ~-~-> 00:20:00 |disorganized so far to see, use the first return back into it. I
46 |45 |00:20:13 ~-~-> 00:20:19 |come back after a weekend, everybody's chomping at the bit to get into a trade.
47 |46 |00:20:19 ~-~-> 00:20:23 |This is when you want to be slow, slow to act You
48 |47 |00:20:53 ~-~-> 00:20:55 |10 and a half minutes left, opening range. I
49 |48 |00:21:16 ~-~-> 00:21:20 |Now, ideally it should go higher from here. It wants to go to that mid gap,
50 |49 |00:21:20 ~-~-> 00:21:29 |where it's at and how it's trading is fairly probable, but it has to displace
51 |50 |00:21:29 ~-~-> 00:21:34 |away from it. Just can't be sitting in it and trade away from it. That's not
52 |51 |00:21:34 ~-~-> 00:21:35 |the entry. In other words,
53 |52 |00:21:42 ~-~-> 00:22:22 |I it's behaving like it wants to go to Go to for a deeper run on sell side. I
54 |53 |00:23:00 ~-~-> 00:23:13 |I see how I touch the first presenter here that you got right here are we on a
55 |54 |00:23:13 ~-~-> 00:23:17 |minute chart? That's this area. I'm trying to keep it light, because I don't
56 |55 |00:23:17 ~-~-> 00:23:20 |want to have all this stuff on my chart. But I know it's gonna be hard for you to
57 |56 |00:23:20 ~-~-> 00:23:24 |track what I'm talking about. I don't have it on there in some capacity. You
58 |57 |00:24:20 ~-~-> 00:24:33 |I see how demanding the initial fair value gap trade above it expected to see
59 |58 |00:24:33 ~-~-> 00:24:38 |it as inversion fair value gap displays higher than a subsequent fair value gap.
60 |59 |00:24:38 ~-~-> 00:24:47 |That's the trade being in here, not the tree. Minor cell side's been taken. Now,
61 |60 |00:24:47 ~-~-> 00:24:55 |I would suspect if it was going to go for the mid gap at all before taking out
62 |61 |00:24:55 ~-~-> 00:24:59 |the lower cell side, it would need to do it here, otherwise this is going to
63 |62 |00:24:59 ~-~-> 00:25:03 |stay. Heavy throughout the morning and leave that gap for right now.
64 |63 |00:25:09 ~-~-> 00:25:14 |See these smooth lows are Here a one minute chart I
65 |64 |00:26:00 ~-~-> 00:26:15 |the opening range traded back to three quarters. I'm sorry, lower quarter of
66 |65 |00:26:15 ~-~-> 00:26:21 |the opening range gap. That's mid gap, lower quadrant, and then upper quadrant
67 |66 |00:26:21 ~-~-> 00:26:23 |and then previous Friday settlement.
68 |67 |00:26:42 ~-~-> 00:29:46 |I no reason to be in there yet. Caleb,
69 |68 |00:29:59 ~-~-> 00:30:12 |you. Another minute, left, Opening range. I
70 |69 |00:32:00 ~-~-> 00:32:23 |I'm trying to keep the audio commentary like today. Keisha just signed in. You
71 |70 |00:32:43 ~-~-> 00:32:47 |I'd like to see where it's at right here. I'd like to see it try to make an
72 |71 |00:32:47 ~-~-> 00:32:52 |attempt to get back into first presented fair value gap. That's the the gap over
73 |72 |00:32:52 ~-~-> 00:33:00 |here on the one minute chart. That's this one right there. That candle
74 |73 |00:33:01 ~-~-> 00:33:09 |defined by this candle is high, that candle is low. If it doesn't run above,
75 |74 |00:33:09 ~-~-> 00:33:13 |it entry to end version and displace higher and Create a fair value. Got
76 |75 |00:33:13 ~-~-> 00:33:15 |there. I'm not touching it.
77 |76 |00:34:14 ~-~-> 00:34:19 |Now, if I was inclined to be bearish today, and I'm not saying I won't be
78 |77 |00:34:19 ~-~-> 00:34:23 |later on, if something provides that information to me. But as of right now,
79 |78 |00:34:23 ~-~-> 00:34:28 |I'm not interested in being short, but a return back into the opening price here
80 |79 |00:34:29 ~-~-> 00:34:33 |that hits that then displaces lower after that, that would indicate
81 |80 |00:34:33 ~-~-> 00:34:38 |potential weakness. I would not sell short on that. But that's, that's how we
82 |81 |00:34:38 ~-~-> 00:34:44 |would use the opening range gap. Because we've been we've been below it. But I'm
83 |82 |00:34:44 ~-~-> 00:34:51 |more interested in seeing the trade above this gap right there, which is
84 |83 |00:34:51 ~-~-> 00:34:56 |this gap specifically on the one minute chart. I want to see a trade above it,
85 |84 |00:34:57 ~-~-> 00:35:01 |come back down, react off of it this way. Is higher, and then any fair value
86 |85 |00:35:01 ~-~-> 00:35:06 |gap that forms on the 15 second chart over here, I would use that as a rung
87 |86 |00:35:06 ~-~-> 00:35:11 |into midca. Otherwise, all of this here absolutely useless to me. I'm not
88 |87 |00:35:11 ~-~-> 00:35:15 |trading it. I wouldn't want my son trading it. You sit on your hands.
89 |88 |00:35:18 ~-~-> 00:35:22 |Knowing why you're still is more important than where the next entry is.
90 |89 |00:35:22 ~-~-> 00:35:22 |I
91 |90 |00:35:40 ~-~-> 00:35:49 |i want to maximize just a 15 second chart. I
92 |91 |00:36:19 ~-~-> 00:36:21 |i like to see That portion Stay Open.
93 |92 |00:36:42 ~-~-> 00:37:39 |You. No fair value gap after running off of it first presented fair value gap. So
94 |93 |00:37:39 ~-~-> 00:37:48 |while it did give a little bit of a run. No fair value got formed, no trade, if
95 |94 |00:37:48 ~-~-> 00:37:55 |then or else. And at this moment, since we've completed the first 30 minutes of
96 |95 |00:37:55 ~-~-> 00:38:00 |trading, I'd like to look back and see what price has done, see how anybody may
97 |96 |00:38:00 ~-~-> 00:38:05 |have been caught off guard. Who would be positioned heavy, who would be
98 |97 |00:38:05 ~-~-> 00:38:12 |positioned on a breakout from right now? In other words, they would be a short
99 |98 |00:38:12 ~-~-> 00:38:18 |seller if taken out here, or they'd be going long breaking out above here. I
100 |99 |00:38:21 ~-~-> 00:38:28 |don't trade that way, but I like to look at it from that perspective. The buy
101 |100 |00:38:28 ~-~-> 00:38:32 |side above here has been tagged or back inside the middle of the range.
102 |101 |00:38:42 ~-~-> 00:39:23 |I i see how none of this hurts you. Caleb, knowing what you're looking for,
103 |102 |00:39:25 ~-~-> 00:39:27 |you're not getting caught up in all of this range bound delivery.
104 |103 |00:39:42 ~-~-> 00:39:54 |You gonna
105 |104 |00:39:54 ~-~-> 00:39:59 |give it to 15 minutes after 10, nothing materializes. I'm gonna cut bait for
106 |105 |00:39:59 ~-~-> 00:40:06 |today. It'd be just a good exercise on patience. So if I none of this in here,
107 |106 |00:40:06 ~-~-> 00:40:09 |I'm interested in that, I would not expect my son to be able to treat him
108 |107 |00:40:16 ~-~-> 00:40:20 |this, which indicates that the afternoon should be a little bit better. If this
109 |108 |00:40:20 ~-~-> 00:40:25 |is going to be the morning session, that means lunch macro and afternoon session
110 |109 |00:40:25 ~-~-> 00:40:26 |will be better,
111 |110 |00:40:31 ~-~-> 00:40:36 |better in the sense that the setups will be cleaner, easier to identify, whereas
112 |111 |00:40:36 ~-~-> 00:40:42 |right now, nothing really stands out the things I would wait for and instructing
113 |112 |00:40:42 ~-~-> 00:40:46 |Caleb to be aware of they're not materialized. So there's no trade.
114 |113 |00:40:46 ~-~-> 00:40:50 |There's no losing trade, there's no missed opportunity. Nothing's happened
115 |114 |00:40:50 ~-~-> 00:40:50 |so far I
116 |115 |00:42:51 ~-~-> 00:42:52 |Quiet I
117 |116 |00:43:49 ~-~-> 00:43:53 |maximize This here. I
118 |117 |00:44:03 ~-~-> 00:44:06 |if you look at the 15 minute time frame,
119 |118 |00:44:15 ~-~-> 00:44:21 |we're stuck in all of this price action right here. That's what's making this
120 |119 |00:44:21 ~-~-> 00:44:32 |morning difficult in London. If you look at what we have, this was Friday's
121 |120 |00:44:32 ~-~-> 00:44:37 |presented first presented fair value gap in white. Then we have the opening of
122 |121 |00:44:37 ~-~-> 00:44:42 |the week there. So this is new week opening gap, consequent encroachment
123 |122 |00:44:42 ~-~-> 00:44:47 |sells off. In Balance, there's a volume imbalance. You'll see that when we drop
124 |123 |00:44:47 ~-~-> 00:44:52 |down the five minute chart and there's this small little gap here on the 15
125 |124 |00:44:52 ~-~-> 00:44:56 |minute time frame, five minute I'm.
126 |125 |00:45:02 ~-~-> 00:45:07 |That's that gap there, all through here, 15 minute inversion, fair value gap.
127 |126 |00:45:07 ~-~-> 00:45:10 |It's bearish. Why? Because this is a buy side of balance in the 50 minute time
128 |127 |00:45:10 ~-~-> 00:45:18 |frame. It was and trading back down, aiming for liquidity lower. This area
129 |128 |00:45:18 ~-~-> 00:45:20 |here, I'm I
130 |129 |00:45:28 ~-~-> 00:45:34 |see the entry right inside of the inversive everything you got and then
131 |130 |00:45:35 ~-~-> 00:45:46 |failing to go lower. One was taken off in the other stopped. So there's
132 |131 |00:45:46 ~-~-> 00:45:52 |covering one and then getting stopped on the final balance. So that's the only
133 |132 |00:45:52 ~-~-> 00:46:01 |activity I had in The last two sessions. Back to This. Now, Okay?
134 |133 |00:48:07 ~-~-> 00:48:14 |Minor sides. Take minor by sides taken here. That focuses here, mid gap. I'm
135 |134 |00:49:39 ~-~-> 00:49:42 |inside that volume of balance from earlier, as I mentioned, I.
136 |135 |00:50:06 ~-~-> 00:50:08 |Watching this down Close Candle i
137 |136 |00:51:04 ~-~-> 00:51:09 |So what would you call today's delivery so far? What condition are we in, after
138 |137 |00:51:09 ~-~-> 00:51:15 |taking into the 15 minute chart? Are we in low resistance liquidity run?
139 |138 |00:51:15 ~-~-> 00:51:22 |Conditions are in high resistance liquidity on are you seeing fair value
140 |139 |00:51:22 ~-~-> 00:51:26 |gaps, spending a lot of time inside them?
141 |140 |00:51:33 ~-~-> 00:51:38 |So we're in high resistance liquidity run. That's why it's delivering as it
142 |141 |00:51:38 ~-~-> 00:51:45 |is, knowing that concept I shared with you last week, you're able to anticipate
143 |142 |00:51:45 ~-~-> 00:51:48 |this and sit on your hands a little bit easier. You should have been able to sit
144 |143 |00:51:48 ~-~-> 00:51:53 |on your hands a little bit easier today. Let's put it that way and not need me to
145 |144 |00:51:53 ~-~-> 00:51:57 |say that myself or my son would be sitting still. You.
146 |145 |00:52:05 ~-~-> 00:52:08 |Here's that first presenter, fair value cut on the one minute chart we're
147 |146 |00:52:08 ~-~-> 00:52:14 |looking at over to perspective of 15 second spending too much time in here,
148 |147 |00:52:15 ~-~-> 00:52:17 |too much time in here. That's
149 |148 |00:52:28 ~-~-> 00:52:33 |the problem is, you'll see moves afterwards and look back and say, I wish
150 |149 |00:52:33 ~-~-> 00:52:36 |I would have done this. Which would have done that nothing in here is high
151 |150 |00:52:36 ~-~-> 00:52:45 |probability, nothing i And just because you see a setup doesn't make that set up
152 |151 |00:52:45 ~-~-> 00:52:52 |high probability. I'm teaching my son the look for low resistance, liquidity
153 |152 |00:52:52 ~-~-> 00:52:58 |run where it's easy, it rewards his patience, and it quickly and almost near
154 |153 |00:52:58 ~-~-> 00:53:06 |effortlessly, goes to his targets. He's got to work hard for his profit. He's
155 |154 |00:53:07 ~-~-> 00:53:13 |trading in the wrong conditions. That's basically what I'm getting at. It's easy
156 |155 |00:53:13 ~-~-> 00:53:17 |to time the market, easy to frame low risk, easy to find low hanging fruit,
157 |156 |00:53:17 ~-~-> 00:53:23 |objectives, partials, and then alternate term is in low resistance. You want to
158 |157 |00:53:23 ~-~-> 00:53:26 |trade in these conditions, you certainly can, but you're going to have a lot more
159 |158 |00:53:26 ~-~-> 00:53:30 |stop outs, a lot more frustration and anxiety while you're in the market and
160 |159 |00:53:30 ~-~-> 00:53:35 |then in the trades. And I'm not trying to teach that to my son. I wanted to go
161 |160 |00:53:35 ~-~-> 00:53:39 |out there and feel confident. I wanted to feel comfortable watching the trade,
162 |161 |00:53:39 ~-~-> 00:53:44 |not worrying about a continuous, endless fear of being stopped out and taking a
163 |162 |00:53:44 ~-~-> 00:53:48 |losing trade. There's a better way of doing it, and that's what I'm teaching
164 |163 |00:53:48 ~-~-> 00:53:48 |you.
165 |164 |00:53:56 ~-~-> 00:53:59 |Seven half more minutes, and then the stream is going to end. No matter what
166 |165 |00:53:59 ~-~-> 00:54:00 |it does, I'm
167 |166 |00:54:14 ~-~-> 00:54:22 |midweek. I'm sorry, sorry, opening range gap midpoint is consequent crochet up
168 |167 |00:54:22 ~-~-> 00:54:26 |here, any movement beyond that takes us back to new week opening gap below,
169 |168 |00:54:27 ~-~-> 00:54:29 |which is this level here, and then consequent crochet,
170 |169 |00:54:36 ~-~-> 00:54:39 |any movement back below the first presented fair value gap on the One
171 |170 |00:54:39 ~-~-> 00:54:45 |minute chart, which is this area here shaded, well, not shaded. Let me shade
172 |171 |00:54:45 ~-~-> 00:54:46 |it now. I'm sorry,
173 |172 |00:54:56 ~-~-> 00:55:00 |anything below that that comes back up and treats it as an inversion. I. It
174 |173 |00:55:00 ~-~-> 00:55:03 |needs to if it's bearish, let's say it that way for the afternoon, like say we
175 |174 |00:55:03 ~-~-> 00:55:07 |go up here and trade mid gap, or bump the new week opening guy, if we break
176 |175 |00:55:07 ~-~-> 00:55:13 |down lower over lunch or into the afternoon, and we we trade below this
177 |176 |00:55:13 ~-~-> 00:55:17 |and come back up and hit it and then displace lower on a 15 second chart, and
178 |177 |00:55:17 ~-~-> 00:55:21 |it creates a fair value gap. That's something that I would me personally,
179 |178 |00:55:21 ~-~-> 00:55:25 |that's how I would trade the afternoon. But it would need to do the things I've
180 |179 |00:55:25 ~-~-> 00:55:29 |just said here. I'm not saying I'm bearish, I'm not saying I'm long or
181 |180 |00:55:29 ~-~-> 00:55:32 |bullish. I'm presently still looking for this.
182 |181 |00:55:41 ~-~-> 00:55:47 |I highlighted this inefficiency here, because the way the market's delivering,
183 |182 |00:55:47 ~-~-> 00:55:51 |it's going to be without precision. Because we're in low, I'm sorry, we're
184 |183 |00:55:51 ~-~-> 00:55:54 |in high resistance liquidity run. So if it's going to lack precision, that means
185 |184 |00:55:54 ~-~-> 00:55:58 |it's not going to come back to my first presented fair value gap. That's what I
186 |185 |00:55:58 ~-~-> 00:56:03 |want. And I tell you this one here, and you can see the body staying inside
187 |186 |00:56:03 ~-~-> 00:56:07 |that. And then we sent it higher. Respected the volume imbalance here or
188 |187 |00:56:07 ~-~-> 00:56:11 |inside of it. Now, like to see it well, there's a blame imbalance right in here.
189 |188 |00:56:11 ~-~-> 00:56:14 |So it could, it could spike down into that. I
190 |189 |00:56:53 ~-~-> 00:56:58 |I see how it moves. It's give and take, but it takes a lot more than what you'd
191 |190 |00:56:58 ~-~-> 00:57:02 |want to see in the low resistance liquidity run condition. It makes a
192 |191 |00:57:02 ~-~-> 00:57:08 |high. The run that makes the high, it pulls back real deep each time. That's
193 |192 |00:57:08 ~-~-> 00:57:11 |not a fun market to be in, especially when you're trying to build large
194 |193 |00:57:11 ~-~-> 00:57:20 |positions, it feels well, it causes this confidence by that way, whereas if
195 |194 |00:57:20 ~-~-> 00:57:24 |you're trading in low resistance liquidity run conditions, the market
196 |195 |00:57:24 ~-~-> 00:57:29 |just seems to want to go where you want it to go and just feel onside. There's
197 |196 |00:57:29 ~-~-> 00:57:34 |no anxiety. It's just a quick, smooth run right to where you got to get to.
198 |197 |00:57:34 ~-~-> 00:57:36 |Can you move to sidelines quickly and wait for the new setups?
199 |198 |00:57:42 ~-~-> 00:57:45 |Well, the volume and balance still in that area right there,
200 |199 |00:57:57 ~-~-> 00:58:01 |see the relative equal highs, which does what's just above that.
201 |200 |00:58:15 ~-~-> 00:58:18 |We got three minutes left. I Want to end The stream. I
202 |201 |00:59:00 ~-~-> 00:59:24 |there's your delivery. You want to screenshot that so see how they went up
203 |202 |00:59:24 ~-~-> 00:59:27 |into the volume balance. But the relative equal highs here took your
204 |203 |00:59:27 ~-~-> 00:59:31 |attention to the volume imbalance there. I said it could spike down into that.
205 |204 |00:59:31 ~-~-> 00:59:36 |Volume imbalances are the least in terms of rigidness. I mentioned this to you
206 |205 |00:59:36 ~-~-> 00:59:40 |many times. It means you got to let it trade through it and then come back
207 |206 |00:59:40 ~-~-> 00:59:43 |above it. I said, now watch it in here again. It makes the very low of the
208 |207 |00:59:43 ~-~-> 00:59:48 |alignment balance. That means the body that closing price on that candlestick.
209 |208 |00:59:48 ~-~-> 01:00:00 |Look up here. Look at this value right here, 20,001 63, and a half. I'm. This
210 |209 |01:00:00 ~-~-> 01:00:01 |candle sticks low
211 |210 |01:00:07 ~-~-> 01:00:08 |before it moves
212 |211 |01:00:10 ~-~-> 01:00:16 |20,001 and 63, and a quarter, so one tick variance hits it and then rallies
213 |212 |01:00:16 ~-~-> 01:00:23 |to mid gap. Your attention was taken into this imbalance, because it was not
214 |213 |01:00:23 ~-~-> 01:00:28 |likely to trade back down into our first present. If everybody got why? Why would
215 |214 |01:00:28 ~-~-> 01:00:32 |it not come back down into it? Because it's already proven, as I was talking
216 |215 |01:00:32 ~-~-> 01:00:38 |about this morning, in the very little speaking that I did, the the absence of
217 |216 |01:00:38 ~-~-> 01:00:43 |precision, the fact that we spend so much time inside the inefficiencies
218 |217 |01:00:43 ~-~-> 01:00:47 |means that we're in what we're in, high resistance liquidity runs. High
219 |218 |01:00:47 ~-~-> 01:00:51 |resistance liquidity run conditions are not going to have elements of precision.
220 |219 |01:00:51 ~-~-> 01:00:54 |That means the things that you really want to see delivered. They may be
221 |220 |01:00:54 ~-~-> 01:00:58 |deferred. They may have deeper retracements in the price runs that
222 |221 |01:00:58 ~-~-> 01:01:02 |you're part of. But more specifically, it's not going to deliver to the PD
223 |222 |01:01:02 ~-~-> 01:01:06 |arrays as perfect as a low resistance liquidity run conditioning market would
224 |223 |01:01:06 ~-~-> 01:01:11 |be. So as I was indicating, I wanted to see this gap. This shaded one here in
225 |224 |01:01:11 ~-~-> 01:01:15 |orange, as the first one minute presented fair value gap between 931 and
226 |225 |01:01:15 ~-~-> 01:01:20 |10 o'clock in the morning, Eastern Time. I went. I wanted to see a trade above
227 |226 |01:01:20 ~-~-> 01:01:24 |it. Here uses inversion and displace higher and creative fair value gap. You
228 |227 |01:01:24 ~-~-> 01:01:27 |don't see that here on a 15 second chart. So there's no missed trades.
229 |228 |01:01:27 ~-~-> 01:01:31 |There's no stop out. There's no wrong logic. Same thing here, it's trading
230 |229 |01:01:31 ~-~-> 01:01:35 |above it. Now the difference is, because I had told you that we're in high
231 |230 |01:01:35 ~-~-> 01:01:39 |resistance, it's not likely to come back down into that. So I took you right into
232 |231 |01:01:39 ~-~-> 01:01:43 |this inefficiency right here, and the body. Stop that. And then the small
233 |232 |01:01:43 ~-~-> 01:01:47 |little Mohawk there. I mentioned that we would be reaching for this as the
234 |233 |01:01:47 ~-~-> 01:01:51 |initial drone liquidity. That's my bias. That's how I'm teaching my son to look
235 |234 |01:01:51 ~-~-> 01:01:56 |for that bias, even though it doesn't trade to it within the first 30 minutes,
236 |235 |01:01:56 ~-~-> 01:02:03 |by 10 o'clock, I'm not I'm filtering. I don't want to see this as a shorting
237 |236 |01:02:03 ~-~-> 01:02:06 |opportunity. So if it goes lower, it's going to go without me. It goes lower,
238 |237 |01:02:06 ~-~-> 01:02:12 |it's going to go without Caleb. So keeping my focus on the mid gap, that
239 |238 |01:02:12 ~-~-> 01:02:18 |consequent crochet of the discount opening gap, we kept lower than Friday's
240 |239 |01:02:18 ~-~-> 01:02:24 |settlement price. Friday silence price is up here. So sticking to one side of
241 |240 |01:02:24 ~-~-> 01:02:29 |the marketplace, adhering to specific roles, but identifying high resistance
242 |241 |01:02:29 ~-~-> 01:02:33 |liquidity run conditions, that means if you're going to tape rate, you got to
243 |242 |01:02:34 ~-~-> 01:02:37 |have some understanding that you're not going to probably get the very perfect
244 |243 |01:02:37 ~-~-> 01:02:41 |entry like a low resistance liquidity run market would deliver where it would
245 |244 |01:02:41 ~-~-> 01:02:46 |be trading above this gap here, coming back down, touching it, maybe going mid
246 |245 |01:02:46 ~-~-> 01:02:50 |gap, and then displays higher, then creating a fair value gap on a 15 second
247 |246 |01:02:50 ~-~-> 01:02:55 |chart. That would be Caleb's setup, that that's how he would use it today. But
248 |247 |01:02:55 ~-~-> 01:02:58 |because it was identified to you beforehand, that was a high resistance
249 |248 |01:02:58 ~-~-> 01:03:02 |liquidity and conditions that return back that I was outlining as a setup
250 |249 |01:03:02 ~-~-> 01:03:07 |wasn't likely to deliver, so I went in and I framed this one, and that's where
251 |250 |01:03:07 ~-~-> 01:03:11 |the body stopped. We whipped below it. That's the damage. And then we rallied
252 |251 |01:03:11 ~-~-> 01:03:17 |higher volume of balance used here to run right into consequent crochet on the
253 |252 |01:03:17 ~-~-> 01:03:23 |gap. So not terribly exciting today, I understand. But you know, we gotta work
254 |253 |01:03:23 ~-~-> 01:03:27 |with what they give us, and that's all we can do as a as a speculator, as a
255 |254 |01:03:27 ~-~-> 01:03:32 |trader, and you're gonna want to watch this whenever. Again, it's only an hour
256 |255 |01:03:32 ~-~-> 01:03:36 |long, but there's a lot of things being shown here that will help you, and
257 |256 |01:03:36 ~-~-> 01:03:40 |there's not a lot of talking in it, so hopefully you found an insightful Lord,
258 |257 |01:03:40 ~-~-> 01:03:43 |willing. I will see you all tomorrow. Enjoy the rest of your day and be safe.
259 |258 |01:03:43 ~-~-> 01:03:43 |You.