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ICT YT - 2024-10-17 - ICT 2024 Mentorship - Lecture 44

Last modified by Drunk Monkey on 2024-10-21 09:33
1 00:01:17 --> 00:01:18 ICT: Good morning, Folks, applause.
2 00:01:23 --> 00:01:28 If you guys could give me a heads up on x, let me know you guys can hear
3 00:01:34 --> 00:01:35 me. Audio seems okay on my end, I
4 00:01:59 --> 00:02:07 thank you. Alfonzo, thank you Fran. Thank you Edward. All right, so this
5 00:02:07 --> 00:02:12 morning, we have some medium and high impact news drivers, and I want to kind
6 00:02:12 --> 00:02:16 of like go over that with you live, because I can't be with you this
7 00:02:16 --> 00:02:20 afternoon. I can't be here during the opening bell during the morning session,
8 00:02:20 --> 00:02:25 so I have some things that take care of that was not able to get accomplished
9 00:02:25 --> 00:02:29 last night. So that's the real life getting in the way it's going to happen.
10 00:02:29 --> 00:02:39 So as a consolation, we're going to be looking at the core retail sales, number
11 00:02:39 --> 00:02:44 retail sales, unemployment claims and the medium impact Philly Fed
12 00:02:44 --> 00:02:51 manufacturing index. That's all going to be released this morning at 830 so today
13 00:02:51 --> 00:02:59 is Thursday, October 17. That's on the docket for today. And then for you guys
14 00:02:59 --> 00:03:03 that like to trade crude oil at 11 o'clock today, you'll have the crude oil
15 00:03:03 --> 00:03:04 inventory number.
16 00:03:10 --> 00:03:15 I think that's going to be enough. I'm going to close the stream promptly at
17 00:03:15 --> 00:03:20 nine o'clock, or before if it, if it serves my purpose, but I just want to
18 00:03:20 --> 00:03:26 sit here and take read with you in about 15 minutes or so. When that news hits
19 00:03:26 --> 00:03:33 the market, we'll see what they want to stir up in terms of rents on liquidity
20 00:03:33 --> 00:03:34 or inefficiency.
21 00:03:41 --> 00:03:51 Tomorrow morning at 830 we have building permits, and then we have a speaker
22 00:03:51 --> 00:03:58 later on in that during around those times. So not terribly exciting. Forks,
23 00:03:58 --> 00:04:03 guys, you'll have some real nice volatility on the pound tonight, going
24 00:04:03 --> 00:04:09 into Friday morning session London, 2am Eastern Time, you have retail sales for
25 00:04:09 --> 00:04:16 GPP. Alright, so let's get on with this. Take a look at what we have in terms of
26 00:04:16 --> 00:04:23 liquidity pools and all that stuff. Yes, second I'm
27 00:05:42 --> 00:05:47 Sorry about that. Put you on mute for a second. Scout had a barking fit, and
28 00:05:48 --> 00:05:55 that would have been just uncivilized for today. All right, so we are looking
29 00:05:55 --> 00:06:05 at the NASDAQ, and let's start with a daily chart. Real quick. I'm alright, so
30 00:06:05 --> 00:06:10 here's the business, just we can ignore all this stuff. Here's stuff from
31 00:06:10 --> 00:06:18 yesterday. We do have a really nice sell side still building underneath that buy
32 00:06:18 --> 00:06:26 side is here we have Tuesdays October 15, daily high. I want to annotate,
33 00:06:26 --> 00:06:36 annotate that rather as well, and we'll just Tuesday's. Hi.
34 00:06:43 --> 00:06:54 All right, and we'll trot down into a 60 minute chart, and right away you should
35 00:06:54 --> 00:07:02 see this is this begging for it. So in my mind, it's a little too clean. I like
36 00:07:02 --> 00:07:06 the idea of a potential run up into that it doesn't need to do it today. It may
37 00:07:06 --> 00:07:11 need to do it, you know, overnight tonight, it may need to do it tomorrow.
38 00:07:12 --> 00:07:17 I think that it's reasonable to anticipate them taking it up to those
39 00:07:18 --> 00:07:28 640s at the minimum, and then Tuesday's high 659 and a quarter, and then 680
40 00:07:29 --> 00:07:34 respectively, which would be this high there. So I'm looking at how we made
41 00:07:34 --> 00:07:40 this area down here, which was below these relative equal lows. They made
42 00:07:40 --> 00:07:44 that jagged trading up into the city here the south side of Mount spots on
43 00:07:44 --> 00:07:54 efficiency. And to me, you know, while being in an election year, as I've been
44 00:07:55 --> 00:07:59 basically beating that drum constantly since we started the 2024 mentorship,
45 00:08:00 --> 00:08:06 it's very difficult to try to short this market and hold for a long time. Not
46 00:08:06 --> 00:08:10 that you can't take shorts on intraday, but it's very difficult to hold on to
47 00:08:10 --> 00:08:16 shorts because they keep sending it higher, and it's all artificial. It's
48 00:08:16 --> 00:08:20 all fluffing up, and it's usually it's a presidential year phenomenon, so don't
49 00:08:20 --> 00:08:25 think it's just happening just this year. It's a usual circumstance that
50 00:08:25 --> 00:08:32 tends to repeat itself. So focusing on the buy side is always going to be my
51 00:08:32 --> 00:08:36 first go to so I'm going to be looking for things to justify something that
52 00:08:36 --> 00:08:41 would lend well to a draw up into this area here. So these two respective
53 00:08:41 --> 00:08:47 highs. That's where my initial interest is. Now, obviously, you know, we don't
54 00:08:47 --> 00:08:50 know what they're going to do when the high impact news drivers come out, when
55 00:08:50 --> 00:08:56 these news events come out at 830 they're used as a smoke screen, and
56 00:08:56 --> 00:09:03 sometimes they can aid a run into a an area or a layer of liquidity, like we're
57 00:09:03 --> 00:09:08 outlining here, or as I'm outlining it rather. And then other times it'll be
58 00:09:08 --> 00:09:14 used to drop it down and get everyone thinking that the sentiment is bearish.
59 00:09:14 --> 00:09:18 And then at the opening bell later, at 930 then they make a run for it to get
60 00:09:18 --> 00:09:22 up here. Either scenario, I'm just interested in what they're doing at 830
61 00:09:23 --> 00:09:28 and then I will leave you with closing remarks about how I would expect to see
62 00:09:28 --> 00:09:32 the opening bell and the morning session pan out. In other words, what would be
63 00:09:32 --> 00:09:37 my interests? Okay, so kind of like, I don't leave you like an orphan, you
64 00:09:37 --> 00:09:41 know, figure it out on your own. Even though I can't be here, I'll, kind of
65 00:09:41 --> 00:09:44 like, tip my hand, tell you, if I were here with you, this is what I would look
66 00:09:44 --> 00:09:49 look for. Okay? So it kind of like gives you some study, study notes, if you
67 00:09:49 --> 00:09:53 will, points of reference to to try to tape, read and figure out what you see
68 00:09:53 --> 00:09:59 real time when it occurs. Drop down to a 15 minute time frame, all right? And
69 00:09:59 --> 00:10:00 then. And,
70 00:10:05 --> 00:10:09 yeah, I still like the idea of it when we get up here, because it's two
71 00:10:09 --> 00:10:12 reference points here. We have this high to that high, not this high being lower
72 00:10:12 --> 00:10:16 than that one, and then this high in that high, that high being lower than
73 00:10:16 --> 00:10:20 that one. So we have two nested, relative equal highs. It's just real
74 00:10:20 --> 00:10:26 obvious. And whenever it's like that, it's easy to just side with that as the
75 00:10:26 --> 00:10:32 initial draw, until price proves it's not interested in it. And you would know
76 00:10:32 --> 00:10:38 that obviously, by what we see at 830 when they released the data, that all
77 00:10:38 --> 00:10:42 those numbers that come out in those reports, they're already baked in. Okay?
78 00:10:42 --> 00:10:46 Trust me, it's always the case. And trying to figure out what that
79 00:10:46 --> 00:10:51 fundamentally means for the intraday price volatility, it's useless, okay? So
80 00:10:52 --> 00:10:56 it's better just to anticipate the fact that we have a high impact and medium
81 00:10:56 --> 00:11:03 impact, news, events, reports, data coming out, we are never interested in
82 00:11:03 --> 00:11:08 what the data is suggesting that that's that makes it easy, because
83 00:11:08 --> 00:11:12 fundamentally speaking, you're never going to be able to read the tea leaves
84 00:11:12 --> 00:11:16 like that on an intraday basis and be accurate, because there's many times
85 00:11:16 --> 00:11:19 that the data will be suggesting it should be bullish or bearish, and the
86 00:11:19 --> 00:11:24 market does The opposite. And I learned very quickly in the 90s that that wasn't
87 00:11:24 --> 00:11:27 the way of doing it. So I just trust that the price is going to tell me
88 00:11:27 --> 00:11:31 everything I need to know. And if I'm wrong, price will tell me I'm wrong. I
89 00:11:31 --> 00:11:35 don't need to try to figure it out and put my opinion on what fundamental data
90 00:11:35 --> 00:11:43 is suggesting. So again, just we're focusing up here, okay? Or at least
91 00:11:43 --> 00:11:47 that's, that's where my focus is. And then we'll go down to a five minute
92 00:11:47 --> 00:11:55 chart, okay? And I have enough time I can show you what I was doing this
93 00:11:55 --> 00:12:00 morning in London. I had a little bit of a late nap yesterday. And as you all
94 00:12:00 --> 00:12:04 probably know. I've said many times that I don't have a normal sleep schedule
95 00:12:05 --> 00:12:10 because I don't work a job. I don't get stressed out and get tired like the
96 00:12:10 --> 00:12:16 average person does, and like I did when I was younger, I sleep in two stages of
97 00:12:16 --> 00:12:20 like four hours each time. Doesn't always equate the four hours, sometimes
98 00:12:20 --> 00:12:28 maybe four and a half hours. But the the afternoon yesterday, I kind of, like,
99 00:12:28 --> 00:12:34 took my second one a little later than I normally do, and it kind of threw my my
100 00:12:34 --> 00:12:40 pattern off a little bit more. So I woke up at a time during London that's like,
101 00:12:40 --> 00:12:44 well, I don't like getting out of bed, so I'll just look at the market and see
102 00:12:44 --> 00:12:52 if I can play around with that. And lo and behold, alright, so we have the
103 00:12:52 --> 00:12:59 market break about the short term high here, after having a run on liquidity
104 00:13:00 --> 00:13:03 below this low in here, trading back down once more into a delivery to this
105 00:13:03 --> 00:13:09 volume of balance rallies up. That means the breakout hours are going to be long
106 00:13:09 --> 00:13:14 above this high. I like seeing that in the London session. I love seeing false
107 00:13:14 --> 00:13:18 breaks, where a breakout trader would get in long or short, because the
108 00:13:18 --> 00:13:22 market's predisposed to go higher, because it's an election year, this
109 00:13:22 --> 00:13:26 high, they would have went long. They ran down, stopped them out. That's a
110 00:13:26 --> 00:13:32 beautiful setup, because now what did they do? They took the market higher,
111 00:13:32 --> 00:13:37 putting traders in long, ripping their guts out, removing their head cleanly
112 00:13:37 --> 00:13:41 from their shoulders. And then what I'm going to wait for is I want to see, does
113 00:13:41 --> 00:13:49 the market give me an opportunity to get in when the price is dropping and it's
114 00:13:49 --> 00:13:55 going into an obvious discount array? We have this imbalance here, after clearing
115 00:13:55 --> 00:14:00 this high, all of this consolidation here. This is kind of like a um,
116 00:14:03 --> 00:14:08 resembling much like a first stage accumulation. So looking at it like
117 00:14:08 --> 00:14:11 that, we trade down into the fair value gap, always including the volume
118 00:14:11 --> 00:14:14 imbalance. Sometimes, when I'm doing the live streams, folks, I know someone here
119 00:14:14 --> 00:14:20 leaving comments saying, sometimes I won't include the volume imbalance. I'm
120 00:14:20 --> 00:14:24 52 years old, and I'm not trying to use as an excuse, but my eyes are not as
121 00:14:24 --> 00:14:28 good as they used to be. And because I'm looking at very, very short term time
122 00:14:28 --> 00:14:35 frame charts, I'm more I'm more keyed up on the price axis over here than the
123 00:14:35 --> 00:14:39 candlesticks. So when I'm drawing the the boxes on the charts, draw your
124 00:14:39 --> 00:14:43 attention to it. Sometimes it doesn't drop on to the actual candlestick like
125 00:14:43 --> 00:14:48 it does here perfectly and does here perfectly because I'm trying to annotate
126 00:14:48 --> 00:14:53 it and still keep my train of thought. It may not fall on the volume imbalance,
127 00:14:53 --> 00:14:57 and it's not me doing it incorrectly for the purpose of being troublesome for
128 00:14:57 --> 00:15:01 you. It's just I'm trying to juggle all these. Things real time and still be
129 00:15:01 --> 00:15:07 able to talk about and also read it real time. So it's, it's not easy to do this,
130 00:15:07 --> 00:15:11 okay? And it's sometimes I won't have that box highlighting with the volume
131 00:15:11 --> 00:15:15 imbalance, but you should always have it annotated like that. Okay, so anyway,
132 00:15:15 --> 00:15:19 the market drops down into the fair value gap here, which is the buy side of
133 00:15:19 --> 00:15:23 balance, outside of efficiency, with the markets likely to go higher, we're
134 00:15:23 --> 00:15:31 approaching the 450, to 510, macro, and I'm accumulating an early position,
135 00:15:31 --> 00:15:35 anticipating that this volume and balance into this area, anywhere in that
136 00:15:35 --> 00:15:39 price range, between this volume of balance, which is actually drawn
137 00:15:39 --> 00:15:46 incorrectly there, and then right there is my fill. It went down. And then once
138 00:15:46 --> 00:15:49 it went back into the volume balance, you can see my fill. It's right there,
139 00:15:51 --> 00:15:54 okay. And then we have a breakaway gap. That's why I shaded it in that little
140 00:15:54 --> 00:15:59 recorded video yellow, because I wanted to see it stay open. Any other time you
141 00:15:59 --> 00:16:04 would see a green or blue. That's bullish. And then I entered here on a
142 00:16:04 --> 00:16:08 retracement back down into this order block. That means this is what this is a
143 00:16:08 --> 00:16:12 propulsion block. And then right again, it trades back into the propulsion
144 00:16:12 --> 00:16:17 block. If you look at the month four content, 2016 I shared that link also on
145 00:16:17 --> 00:16:22 x this morning, but month four's content of 2016 mentorship. It's on my YouTube
146 00:16:22 --> 00:16:28 playlist. I teach you the propulsion block. Propulsion blocks can be traded
147 00:16:28 --> 00:16:32 to again, as it does here, and I'm entering it as it's trying to go down
148 00:16:32 --> 00:16:43 into it. I'm hitting it there and there, and then exiting out right up there. And
149 00:16:43 --> 00:16:47 then ultimately, it rolls back down and comes back for my initial entry, which
150 00:16:48 --> 00:16:54 Phil was coming back for any of you guys that won the hole for longer, all right,
151 00:16:54 --> 00:16:58 so I got a couple more seconds I can talk a little bit about this. Um, how
152 00:16:58 --> 00:17:02 did I get this exit? Where did that come from? Well, if you take it the FIB,
153 00:17:05 --> 00:17:13 place it on this price, run here. Here's my fib setting so you guys can
154 00:17:13 --> 00:17:20 screenshot that, and I'm a
155 00:17:25 --> 00:17:34 negative 1.25 that's what I'm aiming for, okay, and then it rolls over and
156 00:17:34 --> 00:17:37 comes back down. The quarters is when there's going to be another retracement
157 00:17:37 --> 00:17:41 back, and it'll all be in the book. So I know you're all looking for ways to get
158 00:17:41 --> 00:17:45 a constant setting and what I use, what settings for. It's too good for public
159 00:17:45 --> 00:17:48 consumption right now, because everybody's trying to make mentorships
160 00:17:48 --> 00:17:52 and write books before mine. And I'm not going to give you your your your source
161 00:17:52 --> 00:17:58 material. That's mine, and once I put it in form, written form, then and y'all
162 00:17:58 --> 00:18:07 will be going in there plagiarizing it all right? So we have about 30 seconds
163 00:18:07 --> 00:18:14 or so and going to see what we see here. There's sell side here. We've already
164 00:18:14 --> 00:18:23 disturbed this. We have a little bit of ways before we get up to those levels up
165 00:18:23 --> 00:18:30 there, but we could certainly make some ground at 15 seconds or so. But I'd like
166 00:18:30 --> 00:18:37 to see them first take the sell side out here, mess this up a little bit, holding
167 00:18:37 --> 00:18:41 a bias to the bullish side, but loosely because, you know, I'm I'm more inclined
168 00:18:41 --> 00:18:49 to anticipate what it's going to do going into the opening bell at 930 All
169 00:18:49 --> 00:18:57 right? And because there's multiple reports coming out, there's always like
170 00:18:57 --> 00:19:05 this staggered initial rally or decline, and it feels like it's done. It's not.
171 00:19:05 --> 00:19:10 You got to give a couple seconds and it'll be like a another impulse, another
172 00:19:10 --> 00:19:16 impulse. When it's one report like medium impact or high impact news driver
173 00:19:16 --> 00:19:23 hit 830 usually it's the first run that is your due to swing, but because we
174 00:19:23 --> 00:19:27 have multiple reports at 830 give it a chance to take both sides of the
175 00:19:27 --> 00:19:28 marketplace,
176 00:19:37 --> 00:19:43 all I'm doing is annotating. That's where the close, near term or short term
177 00:19:43 --> 00:19:55 buy side is, and the sell side is there. And if it goes below here, notice this
178 00:19:55 --> 00:19:56 low here as well. I.
179 00:20:02 --> 00:20:06 I'm not interested. I don't care about that. I like this here because that's
180 00:20:06 --> 00:20:13 just like a like a mohawk. And below these lows, we have this imbalance here,
181 00:20:16 --> 00:20:21 and we have all these candles here that are indecisive. So whenever it's like
182 00:20:21 --> 00:20:26 this, this is actually a good one to talk about, something you've never
183 00:20:26 --> 00:20:30 learned about. We have a volume of it, I'm sorry. We have a fair value gap, and
184 00:20:30 --> 00:20:39 then we have two indecisive candles. Notice that. So you would think that
185 00:20:39 --> 00:20:45 this would be how you would frame that imbalance. So if we go below the lows
186 00:20:45 --> 00:20:49 here, you know, where could it trade too. You might look at something like
187 00:20:49 --> 00:20:56 that. And by in and of itself, it's not technically wrong, but it's not as
188 00:20:56 --> 00:21:02 accurate as it needs to be. So the way you would do that is your lowest open
189 00:21:02 --> 00:21:05 and close, which is the same on this candlestick. It's also the low of the
190 00:21:05 --> 00:21:12 volume of Valence here. See that you gotta cover over top of this and this
191 00:21:12 --> 00:21:16 entirely, and take it all the way down here like that. That would be your
192 00:21:16 --> 00:21:20 inefficiency. So if it goes below here, that's how I would use it. And then you
193 00:21:20 --> 00:21:26 can use consequent encouragement of that. And the reason why I told you that
194 00:21:26 --> 00:21:30 is because, if there's any inefficiencies, like volume imbalances
195 00:21:30 --> 00:21:33 or indecisive candles, where the bodies are just the open and close the same
196 00:21:33 --> 00:21:39 price, you gotta use the lowest one. And it's it's better for you to do that,
197 00:21:39 --> 00:21:45 because there's so many reasons for it to drop down into these blame imbalances
198 00:21:45 --> 00:21:50 in and of itself, and it would just overshoot the typical standard fair
199 00:21:50 --> 00:21:55 value gap that you would would have assumed that would be likely to be used.
200 00:21:55 --> 00:22:05 I like how he left back here too. See that now, let's play devil's advocate
201 00:22:05 --> 00:22:11 for a moment. Okay, let's assume for a moment that between now and nine o'clock
202 00:22:12 --> 00:22:17 before I escape, okay, let's say we don't make a significant higher high
203 00:22:17 --> 00:22:21 here. Now it can come up and just poke that and come back down into the range,
204 00:22:21 --> 00:22:25 chop around a little bit, and then jump down here. And then, if it does that,
205 00:22:25 --> 00:22:32 then I would expect 930, to 10 o'clock to give some kind of movement higher,
206 00:22:32 --> 00:22:36 displace higher. And then start looking for discount arrays like bull shorter
207 00:22:36 --> 00:22:41 blocks, fair value gaps, the support price not trade completely. Closing the
208 00:22:41 --> 00:22:45 low of it. Look for short term lows to be swept and then rally higher. That
209 00:22:45 --> 00:22:52 would be what I would expect if it does that very thing trading down here. But
210 00:22:54 --> 00:22:59 if we keep this high and we just bang around in here and don't do this drop
211 00:22:59 --> 00:23:04 down here, yet, I would look for the Judah swing at 930 into 945, ish,
212 00:23:04 --> 00:23:09 something like that, drop down into that and then send price higher, taking out
213 00:23:09 --> 00:23:14 this high, and then accelerating and working towards that objective up there.
214 00:23:15 --> 00:23:22 So 20,006 59 Tuesday's high. I just, I feel like that. That is it's warranted,
215 00:23:23 --> 00:23:27 and it keeps you from, and it keeps me, specifically, from trying to pick the
216 00:23:27 --> 00:23:33 tops in the market, which is really important if you do all your work about
217 00:23:34 --> 00:23:38 trying to avoid the biggest mistakes. And it's always going to be the case by
218 00:23:38 --> 00:23:43 trying to pick tops and bottoms, it's easy to pick the lows or the bottoms in
219 00:23:43 --> 00:23:48 bull markets. It's real easy to do that, but it's really difficult to try to pick
220 00:23:48 --> 00:23:54 tops in a bull market. And when you're in a market that's like we have, where
221 00:23:54 --> 00:23:57 it's an election year, there's a whole lot of corruption and a lot of things
222 00:23:57 --> 00:24:07 going on with, I mean, say corruption, or did I manipulation in the marketplace
223 00:24:07 --> 00:24:13 as as a result of the election year? Watching this volume imbalance in here.
224 00:24:15 --> 00:24:21 Now, if you didn't have this big run here, take that out of that equation,
225 00:24:21 --> 00:24:29 what would you see, relative equal highs, right? So this first pass up
226 00:24:29 --> 00:24:33 here, I would completely ignore that, even though that that's where near term
227 00:24:33 --> 00:24:38 buy side is resting. I'm watching these two relative equal highs. I'm ignoring
228 00:24:38 --> 00:24:44 this for the sake of look, you know the liquidity on these two highs. Obviously,
229 00:24:44 --> 00:24:49 if it goes above there, it could revisit this high. That's that's not, I'm not
230 00:24:49 --> 00:24:53 making case against that. I'm the saying that my eyes jump into the fact that
231 00:24:53 --> 00:25:03 these two highs are basically identical. I. So what could happen is say they're
232 00:25:03 --> 00:25:07 going to hold the market and keep it from going higher until we get into the
233 00:25:07 --> 00:25:10 opening range and or later in the morning session, or maybe even the
234 00:25:10 --> 00:25:15 afternoon. If it goes above these relative eco highs, it can go up to
235 00:25:15 --> 00:25:19 consequent crochet of the range between these relative equal highs to that high,
236 00:25:19 --> 00:25:24 so about halfway there and leave that high intact, and then roll down, take
237 00:25:24 --> 00:25:27 out these relative equal lows, take out these relative equal lows, trade into
238 00:25:27 --> 00:25:32 the inefficiency, and then how it would trade down into that. That would be
239 00:25:32 --> 00:25:36 indicative of what I would expect to see happening in the nine o'clock opening
240 00:25:36 --> 00:25:40 belt, assuming that it doesn't break lower and just keep falling out, you
241 00:25:40 --> 00:25:51 know, pulling off the the cliff, if you will. So these high impact news drivers
242 00:25:51 --> 00:25:55 didn't do very much, and you can see the market hasn't had a lot of range
243 00:25:55 --> 00:26:00 delivered. It's kind of reserved. Actually. I Yeah,
244 00:26:10 --> 00:26:14 nothing in here that I'd want to be buying. So if it does take off, it would
245 00:26:14 --> 00:26:18 be one of those instances where, okay, it left without me. It's fine, just like
246 00:26:18 --> 00:26:22 you saw yesterday with the first percent of fair value gap. You know, it didn't
247 00:26:22 --> 00:26:25 give us an entry to get short, even though that that would have been the
248 00:26:25 --> 00:26:32 play sell side was the objective, and because it didn't offer an entry, that
249 00:26:32 --> 00:26:38 that's fine, we're just going to use it as a target later on. And I did, did not
250 00:26:38 --> 00:26:44 forget to do the video with my son last night. I just didn't have the
251 00:26:44 --> 00:26:49 opportunity to get to it. So I'll have to find a way to get to that this this
252 00:26:49 --> 00:26:50 afternoon or evening.
253 00:27:01 --> 00:27:08 So normally I would like to have something on in a position ahead of the
254 00:27:08 --> 00:27:13 930 opening bell on a high impact or medium impact news driver day, but I
255 00:27:13 --> 00:27:19 have nothing in here that I would have entered on. So it's kind of like To sit
256 00:27:19 --> 00:27:20 and be still. I
257 00:27:40 --> 00:27:42 that's the
258 00:27:55 --> 00:27:58 consequent encroachment level I was telling you between the relative equal
259 00:27:58 --> 00:28:02 highs to that high I'm watching that you can already see they're working that
260 00:28:02 --> 00:28:10 level. Steve Nielsen probably has that in his book somewhere, right? He doesn't
261 00:28:10 --> 00:28:19 spoiler. I would like for it to stay below this, this high. Admittedly,
262 00:28:19 --> 00:28:24 that's what I would prefer. And I'd like to see it come back down and disrupt
263 00:28:24 --> 00:28:28 this or disrupt that, and make make an attempt to get in here. That would be
264 00:28:28 --> 00:28:32 ideal, because that would be something that would set the stage for me to
265 00:28:32 --> 00:28:37 really be bullish this morning. But I wouldn't be interested in chasing it in
266 00:28:37 --> 00:28:43 here. And if it was a rally, it's okay, it can run. It can run without me, and
267 00:28:43 --> 00:28:53 it's okay. I'll catch the next bus stop. I was hoping to do a little bit more, no
268 00:28:53 --> 00:29:02 more. Get up and go this morning at the 830 Bell, just didn't, didn't give it.
269 00:29:04 --> 00:29:09 But that's good. I mean, we should have a reasonable morning session. It should,
270 00:29:10 --> 00:29:13 it should deliver nice price action. Should be nice. It's put that way
271 00:29:14 --> 00:29:21 because it didn't give it to us at the 830 news driver. It's still kind of like
272 00:29:21 --> 00:29:26 trying to figure out what it wants to do. It's do, and because of how price is
273 00:29:26 --> 00:29:31 being delivered, see how spotty it is. We got a lot of wicks in here. We have
274 00:29:31 --> 00:29:38 volume imbalances. And it's not making a higher high, it hasn't made a lower low.
275 00:29:38 --> 00:29:44 It's just maintained the initial range that was created at 830 so this low
276 00:29:44 --> 00:29:51 didn't get taken. This high hasn't been broken since it's been posted. So we're
277 00:29:51 --> 00:29:53 kind of like held in a holding pattern. So.
278 00:30:01 --> 00:30:06 Uh, which means the hands in there. Basically the algorithm is not doing
279 00:30:06 --> 00:30:13 anything here. It's just they're in there stirring the pot. Whenever you
280 00:30:13 --> 00:30:18 notice those types of things, sit, sit still. Don't do anything because you're
281 00:30:18 --> 00:30:26 competing against an individual that literally has the control to take both
282 00:30:26 --> 00:30:30 sides of the marketplace and still go nowhere, but it'll look like you're in
283 00:30:30 --> 00:30:35 there, taking a very valid long or a very valid short, and then it just
284 00:30:35 --> 00:30:38 evaporates once you get in there, you're you turn over the controls and
285 00:30:38 --> 00:30:48 relinquish your you know power of stillness by entering the marketplace,
286 00:30:48 --> 00:30:52 and now you have no control over the outcome, and you're at the mercy of
287 00:30:52 --> 00:30:57 where the market's going to go and when it's like this right now, there is
288 00:30:57 --> 00:31:02 manual intervention, because there's no cleanness. There's no cleanness to the
289 00:31:02 --> 00:31:09 marketplace. It's being held in a range. And because of that, you sit still.
290 00:31:10 --> 00:31:16 Don't touch it. Observe tape, read it. This is what you're doing before you
291 00:31:16 --> 00:31:20 learn. Even trade with a demo account before you're pushing the buttons with
292 00:31:20 --> 00:31:24 the paper trading account. You're in here studying what you're feeling, how
293 00:31:24 --> 00:31:29 you are proceeding price action, and then you're also looking for the things
294 00:31:29 --> 00:31:33 I'm teaching you in this mentorship here this year, where you're looking for
295 00:31:34 --> 00:31:39 signatures to support or negate the idea that the algorithm is running, running
296 00:31:39 --> 00:31:45 on script, or is it being screwed up by manual intervention? That means the
297 00:31:45 --> 00:31:51 actual market maker is in there doing it manually. They're repricing, sending it
298 00:31:51 --> 00:31:55 to different price levels, but they're still going to follow like an MO, okay,
299 00:31:56 --> 00:32:01 and that that's the that's the benefit of learning from me, having that
300 00:32:01 --> 00:32:04 information that you can't get in books, and nobody else is going to teach it to
301 00:32:04 --> 00:32:09 you because they don't know it. Perfect example, and you probably weren't
302 00:32:09 --> 00:32:17 looking at that wick when I was telling you disregard it, even though we have to
303 00:32:17 --> 00:32:23 define that for near term, minor buy side, because that's the high at 830 I
304 00:32:23 --> 00:32:27 took your eyes to that high, in that high, and said, ignore this for a
305 00:32:27 --> 00:32:31 moment. These are your relative equal highs. So I would like to see it trade
306 00:32:31 --> 00:32:35 up above that and use consequence encroachment of the portion between
307 00:32:35 --> 00:32:40 these relative equal highs to that high. And look what it did. You see that
308 00:32:42 --> 00:32:48 that's probably time travel. You know, there's no other explanation for it. I
309 00:32:48 --> 00:32:52 had to be from the future to see that. You can see the bodies. Are they
310 00:32:52 --> 00:32:56 respecting that level? The wicks are being tossed above it. Remember that
311 00:32:56 --> 00:33:00 analogy I used yesterday, like horseshoes, you're tossing orders in
312 00:33:00 --> 00:33:07 these general areas, but the bodies are saying, yeah, so are they trading to
313 00:33:07 --> 00:33:11 that constant encroachment of the relative equal highs to here, the wicks
314 00:33:11 --> 00:33:17 are but the candlestick bodies are stopping. You see that? So I said I'd
315 00:33:17 --> 00:33:20 like to see it do this very thing here, trade back down into and disrupt the
316 00:33:20 --> 00:33:24 lows here and the lows here and see if we can get down into that imbalance
317 00:33:24 --> 00:33:29 here. That's what I wanted to see, and I would not be interested in being long.
318 00:33:29 --> 00:33:32 So again, for the assets that led to watch my stream and then go on other
319 00:33:32 --> 00:33:37 people's channels and comment, yeah, ICT was long. He was looking for longs. No,
320 00:33:38 --> 00:33:43 no, you got to take this stuff with context, sprinkle it with common sense
321 00:33:43 --> 00:33:46 too. Most of these assets don't have that, so we have this volume of balance
322 00:33:46 --> 00:33:53 too. Want to see it dig down into that just like that. Now it should accelerate
323 00:33:54 --> 00:33:59 and run below these lows here, and if it does, if accelerates below these lows,
324 00:33:59 --> 00:34:03 it'd be reason for it to try to make an attempt to clean up all this area here
325 00:34:03 --> 00:34:08 and then maybe deliver to this inefficiency I have shaded in blue, I
326 00:34:08 --> 00:34:18 would not be interested in being long. Yet it's still working out the the the
327 00:34:18 --> 00:34:19 intervention is called that I
328 00:34:24 --> 00:34:29 so on your charts, what you want to do is you want to annotate the volume
329 00:34:29 --> 00:34:29 imbalances
330 00:34:39 --> 00:34:44 inside that range, which is the 830 delivery when the reports came out, all
331 00:34:44 --> 00:34:48 the volume imbalances you want to extend them over to the right. And as long as
332 00:34:48 --> 00:34:51 we're inside this range, keep referring back to them.
333 00:34:56 --> 00:35:03 Remember that the volume imbalance is the the. Uh, the most flexible PD array
334 00:35:03 --> 00:35:07 I have, meaning that it's normal for it to go through it, back and forth through
335 00:35:07 --> 00:35:11 it. And what will happen is, is, if it's going through it, I'll give you some
336 00:35:11 --> 00:35:16 notes for for volume imbalance, if it's going through the volume imbalance,
337 00:35:16 --> 00:35:20 which is the first expectation to have for it, because just because it's there
338 00:35:20 --> 00:35:23 doesn't mean it's going to stop price to the tick it can, but you have to have
339 00:35:23 --> 00:35:27 context around it. So what I like to see is, I want to see them trade through
340 00:35:27 --> 00:35:31 them, so it's going to lay a body down over top of it. So in this volume
341 00:35:31 --> 00:35:37 imbalance here, we've seen a body laid down and they buried a bullish body in
342 00:35:37 --> 00:35:42 that volume of balance there on that candlestick, and then they like and
343 00:35:42 --> 00:35:47 buried a body with cell side deliver it means it's a down close candle. So we
344 00:35:47 --> 00:35:54 have an up close candle. We widen up a little bit. This candlestick is up going
345 00:35:54 --> 00:35:58 through the range between this candlesticks close and this candlesticks
346 00:35:58 --> 00:36:03 open. That's the volume imbalance there. So it's been offered, what buy side? And
347 00:36:03 --> 00:36:08 then we see this candlestick here lay over top of that volume of balance right
348 00:36:08 --> 00:36:13 there. Then it's sell side delivery. So when you see that, it becomes
349 00:36:13 --> 00:36:19 efficiently delivered. And then what I do is I treat that as a balanced price
350 00:36:19 --> 00:36:26 range, but because it's such a small, insignificant amount of price data, I
351 00:36:26 --> 00:36:31 don't, I don't hold everything on the basis of it, creating this up candle
352 00:36:31 --> 00:36:36 over top of it, and down candle over top of it. And now, when we were already
353 00:36:36 --> 00:36:41 seeing the the consequent crochet had already started this snap down lower. It
354 00:36:41 --> 00:36:43 doesn't mean it's going to keep dropping. It doesn't mean it can't go
355 00:36:43 --> 00:36:47 back above it and use a support and rally. But I'm looking for those types
356 00:36:47 --> 00:36:51 of signatures when I'm watching price. So a lot of times when I'm talking to
357 00:36:51 --> 00:36:56 you, my attention is looking at these volume imbalances or the PD arrays, and
358 00:36:56 --> 00:37:00 I'm waiting to see if the signatures that I'd like to see with them are
359 00:37:00 --> 00:37:08 manifesting, and I can see that and talk at the same time. But the the value of
360 00:37:08 --> 00:37:12 the volume balance is you want to see how they trade through it. In this case,
361 00:37:12 --> 00:37:16 when it was created between these two candlesticks bodies, there it offered
362 00:37:16 --> 00:37:21 buy side. So what is it lacking? Sell side, delivery. That's over here. So
363 00:37:21 --> 00:37:26 now, because we have that this volume imbalance is much more meaningful
364 00:37:26 --> 00:37:32 because it has done that, because it's offered both the buy side and the sell
365 00:37:32 --> 00:37:35 side delivery. So it's kind of like that paint roller analogy. Remember how I
366 00:37:35 --> 00:37:39 talk about how if you had a paint roller and you you apply the paint and you
367 00:37:39 --> 00:37:43 press that roller against the wall. As soon as you start pressing that roller
368 00:37:43 --> 00:37:47 up or down, the first foot or so of paint delivery on the wall is going to
369 00:37:47 --> 00:37:51 be ample. It's going to be significant and sufficient. There won't be any
370 00:37:51 --> 00:37:56 little pockets where the paint didn't distribute well to the wall, until you
371 00:37:56 --> 00:37:59 get to a point where you start running out of that paint, and then you'll start
372 00:37:59 --> 00:38:05 seeing little pockets where the fabric of the roller doesn't contain enough
373 00:38:05 --> 00:38:09 paint to distribute it to the wall surface. So what do you have to do? Roll
374 00:38:09 --> 00:38:14 the other direction, roll right back over top of it and deliver paint in
375 00:38:14 --> 00:38:18 those little pockets. Well, that's exactly what price is doing inside the
376 00:38:18 --> 00:38:24 volume imbalance. It's delivering price up first, and then it delivers it down
377 00:38:24 --> 00:38:29 here. So now we went back above it here. So now this would be more helpful to me
378 00:38:30 --> 00:38:34 to see it not allow price to go back down below. It doesn't mean it can't do
379 00:38:34 --> 00:38:38 it. Remember, this is the most flexible PD array, and you have to have that
380 00:38:38 --> 00:38:44 flexibility. You can't demand the same degree of precision that a fair value
381 00:38:44 --> 00:38:51 gap that's bullish, the consequence to it, or the height of it, that that level
382 00:38:51 --> 00:38:55 of precision that would be afforded to you there, it doesn't carry the same
383 00:38:55 --> 00:38:59 weight that you would expect with a volume amounts, they still can travel
384 00:38:59 --> 00:39:03 through them and Come back up and then resume. What would cause that to happen?
385 00:39:04 --> 00:39:11 The time aspect, the macro. So when we're when I'm using my volume
386 00:39:11 --> 00:39:15 imbalances, I many times will side with my buy what? Basically what I did in
387 00:39:15 --> 00:39:20 London, I knew I was looking to go long. I'll use the volume imbalances to start
388 00:39:20 --> 00:39:26 positioning. And then once the positioning is afforded to me, when the
389 00:39:26 --> 00:39:29 time aspect kicks in, then I'm really going to be looking for the price to
390 00:39:29 --> 00:39:35 start displacing and spooling in the direction of my target. So I can then
391 00:39:35 --> 00:39:39 use the volume and balance again as a new entry, or I can use it as a means of
392 00:39:40 --> 00:39:45 managing my stop loss, but there's, there's a little bit of management
393 00:39:45 --> 00:39:48 that's required when using the volume balance. I mean, I've seen a lot of
394 00:39:48 --> 00:39:51 people talk about them in their on their videos, and I'm never going to go into
395 00:39:51 --> 00:39:56 your channel and troll you. Okay, some people that sell stuff, I will. I've
396 00:39:56 --> 00:39:59 done that before, but they, they either delete my comment or they ban me. So.
397 00:40:00 --> 00:40:03 Can't be seen, but they're teaching it improperly.
398 00:40:18 --> 00:40:31 We're inside the 850 macro now the liquidity here is minor buy side. Now
399 00:40:31 --> 00:40:34 look at the difference between this volume and balance that we've been
400 00:40:34 --> 00:40:40 talking about, where we had initial buy side delivery, sell side delivery.
401 00:40:40 --> 00:40:44 That's not liquidity, okay. It just means that the Mark has been offered on
402 00:40:44 --> 00:40:50 the up and then on the on the downside, between these two candlesticks bodies.
403 00:40:51 --> 00:40:55 So think about that paint analogy, rolling the paint roller up and then
404 00:40:55 --> 00:40:58 rolling the paint roller down inside that blue shaded area. And then we use
405 00:40:58 --> 00:41:02 the consequent encroachment here, and then finally it drove through it. So now
406 00:41:02 --> 00:41:09 this is much more significant as a what a balanced price range on the basis of a
407 00:41:09 --> 00:41:13 discount array, not a premium array, meaning that if it would have came back
408 00:41:13 --> 00:41:18 down and touched it, we treat it like a support level, basically because it's
409 00:41:18 --> 00:41:23 done the efficient delivery between both. And then we left it, okay, we left
410 00:41:23 --> 00:41:29 it right there, and at any time back to it. It would act as a discount, a send
411 00:41:29 --> 00:41:33 prices higher or support price, and then say you were long in here or long over
412 00:41:33 --> 00:41:37 here, then you could roll your stop loss rate below that volume of balance,
413 00:41:37 --> 00:41:41 because it's done its work in framing out a balanced price range because it's
414 00:41:41 --> 00:41:48 delivered by side, sell side delivery, and then left it here. That won't make
415 00:41:48 --> 00:41:51 sense to you the first time around, but when you start going through your charts
416 00:41:51 --> 00:41:56 and looking at how price is using these volume imbalances, collect a lot of
417 00:41:57 --> 00:42:01 instances where you see this event happening, and you'll know exactly I'm
418 00:42:01 --> 00:42:04 talking about just seeing one example isn't sufficient enough, I promise you.
419 00:42:04 --> 00:42:08 So what's the difference between this volume balance and this volume
420 00:42:08 --> 00:42:12 imbalance? Well, this volume balance has no body buried over top of it with
421 00:42:12 --> 00:42:15 either sell side delivery or buy side delivery. We just have a wick there, and
422 00:42:16 --> 00:42:21 then we have this, this. We're here, just a wick. There's no bodies buried in
423 00:42:21 --> 00:42:29 this range at all, zero. So when it left here like that, this is behaving just
424 00:42:29 --> 00:42:37 like what a breakaway gap. There's no bodies left there. It did traverse both
425 00:42:37 --> 00:42:43 sides of this area here with this passed down and went down through it and came
426 00:42:43 --> 00:42:46 right back up, all in the same candlestick. That is not the same thing
427 00:42:46 --> 00:42:51 as being delivered, like it does here, one candle and at a later time being
428 00:42:51 --> 00:42:56 delivered on the downstroke. So we have buy side delivery, sell side delivery.
429 00:42:56 --> 00:43:00 Here, we just have one little return back into it. Doesn't lay a body down on
430 00:43:00 --> 00:43:06 the top of it at all, it just rips and runs away. So it's two different
431 00:43:06 --> 00:43:10 dynamics there that's occurring with the volume imbalance. And you can see how
432 00:43:10 --> 00:43:13 quickly, when you're listening to people try to teach these things, you know just
433 00:43:13 --> 00:43:17 because you can, just because you can see a volume imbalance doesn't mean you
434 00:43:17 --> 00:43:21 know what to do with it. Doesn't mean you know how it's going to be used in
435 00:43:21 --> 00:43:25 price delivery. So, you know, that's why I get pissed off when people are
436 00:43:26 --> 00:43:31 certainly because they're monetizing their education with my material that
437 00:43:31 --> 00:43:35 they don't fully understand. You know, it's like I used to watch Doogie Howser
438 00:43:35 --> 00:43:39 on TV. So I'm going to, I'm going to be a doctor and do an operation on
439 00:43:39 --> 00:43:47 somebody. It doesn't work the same way. Okay, we should. We should see it rip
440 00:43:47 --> 00:43:48 through that minor buy side here I'm
441 00:44:00 --> 00:44:17 I still look at where we are in relationship to yesterday's 414
442 00:44:18 --> 00:44:21 settlement right now price is at four, 545, I five.
443 00:44:30 --> 00:44:41 Yeah, we have pretty good gap. So we have a premium gap in the making. So
444 00:44:41 --> 00:44:49 we're way up here, so let's play devil's advocate for a moment. Okay, let's say
445 00:44:49 --> 00:44:57 we trade above here and we don't rip and just take off with a gap premium opening
446 00:44:57 --> 00:45:01 like we're implied. I. By looking at where we're at now in relation to where
447 00:45:01 --> 00:45:08 we settled yesterday, we're two handles or so. We're very close to it. I forgot.
448 00:45:08 --> 00:45:11 I didn't remember what the summit price is, so I'm trying to use one screen
449 00:45:11 --> 00:45:18 here. The the likelihood of the market wanting to go to 50% of that gap would
450 00:45:18 --> 00:45:24 easily take us into the run below these lows here, into this and maybe even so
451 00:45:24 --> 00:45:29 much as a run below here. And then, if it were to do something like that,
452 00:45:29 --> 00:45:33 retail would be very reluctant and want to be long because it's doing that type
453 00:45:33 --> 00:45:39 of thing at the opening bell in the in the first 30 minutes or so. And then we
454 00:45:39 --> 00:45:43 could change gears and then start working towards a run on a higher Time
455 00:45:43 --> 00:45:53 Frame, avoiding the top picking dilemma and gravitate towards here. But it's all
456 00:45:54 --> 00:45:58 dependent on on how it runs here, because we've cleared the money by side,
457 00:45:58 --> 00:46:02 we I don't want to see it take off from there. I wanted to kind of see it, stay
458 00:46:02 --> 00:46:06 close to this range and just hug around it. It doesn't need to be in the lower
459 00:46:06 --> 00:46:10 half of it. It just needs to not run up there. And then what would happen is it
460 00:46:10 --> 00:46:15 would set the stage for a small, little minor initial due to swing higher, but
461 00:46:15 --> 00:46:20 not really do anything. Take out a short term high that's left prior to 930s
462 00:46:21 --> 00:46:26 opening bell, and then drop, send us down into a discount. Try to trade for
463 00:46:26 --> 00:46:33 half. The gaps range between where we open at 930 versus four fourteens
464 00:46:33 --> 00:46:36 settlement price, when we use the you know, regular trading hours, when we do
465 00:46:36 --> 00:46:43 this thing here, when we set our charts to that it, it tells us where our
466 00:46:43 --> 00:46:51 opening range gap is. That's not that's not likely to go away where we are right
467 00:46:51 --> 00:46:56 now, so in the next 30 minutes, I don't think that gap is going to disappear. So
468 00:46:56 --> 00:47:01 we're going to most likely gap higher opening and then where we'd have to know
469 00:47:01 --> 00:47:05 what the opening price is at 930 to get a halfway point. So consequent curtain
470 00:47:05 --> 00:47:11 of that gap between 4:14pm eastern time yesterday, in regular trading hours to
471 00:47:11 --> 00:47:18 930 opening bell, opening price in regular, I'm sorry, electronic trading
472 00:47:19 --> 00:47:23 hours, drop your fib on that in that 50% level, that's the 70% likelihood in the
473 00:47:23 --> 00:47:28 first 30 minutes that's going to trade there. Well, because that's something I
474 00:47:28 --> 00:47:33 would anticipate, I would be looking for something to clear up all these lows in
475 00:47:33 --> 00:47:37 here trade down to this inefficiency, and maybe so much as going down below
476 00:47:37 --> 00:47:45 there. But that is, again, I Okay, if we don't just start running higher from
477 00:47:45 --> 00:47:51 here, if we start ripping higher like this, and if we get, if we get anywhere
478 00:47:52 --> 00:48:01 above 600 I would be less likely to believe at 930s opening bell for it to
479 00:48:01 --> 00:48:07 drop all the way down to do half of a gap closure, or even a full gap closure,
480 00:48:08 --> 00:48:12 before trading up the here. So it would be something like, if it gets like 600
481 00:48:12 --> 00:48:15 before the opening bell, I think they would just use the Judas swing at the
482 00:48:15 --> 00:48:23 opening bell, take us up there, sweep that, and then do some kind of a run on
483 00:48:23 --> 00:48:28 the opening range gap. So there's a lot of scenarios there, and it's all
484 00:48:28 --> 00:48:33 contingent on what the actual opening price is, because you don't know what
485 00:48:33 --> 00:48:37 that price is. I'm waiting for it just like you are. So at 930 opening bell,
486 00:48:37 --> 00:48:42 that opening price tells the story of what I just described what, what
487 00:48:42 --> 00:48:46 scenario would I use? I just gave you several of them, but based on what it's
488 00:48:46 --> 00:48:52 doing and what has done at the time of 930 would be the basis of how I would
489 00:48:52 --> 00:48:58 trade the opening range, and how I would trade the opening range gap, and what I
490 00:48:58 --> 00:49:03 would use for my setup and where my draw on liquidity would be, because if you
491 00:49:03 --> 00:49:06 listen to what I said to a neophyte, to someone that's really not trying to
492 00:49:06 --> 00:49:10 learn and not trying to paying attention, it sounds like I gave a
493 00:49:10 --> 00:49:13 scenario. It could go up and if it goes there, I'll be right. If it goes down
494 00:49:13 --> 00:49:17 below here, I'm right. That's not what I said. That's absolutely not what the I
495 00:49:17 --> 00:49:23 said. I said that I prefer it not to run up there yet, I would like to see it
496 00:49:23 --> 00:49:27 stay close to this range that created around 830 but if I'm wrong, okay,
497 00:49:27 --> 00:49:32 because it's always possible. I'm not infallible. If it keeps running, and it
498 00:49:32 --> 00:49:37 takes us above 600 here, ahead of 930 then I would expect them to use that
499 00:49:37 --> 00:49:43 range between 600 to 660 or so, that would be the Judas swing of the morning,
500 00:49:44 --> 00:49:46 and then they would sell off, going towards some kind of a gap closure
501 00:49:46 --> 00:49:51 event. Mid gap three quarters of the gap closure, something to that effect. But
502 00:49:52 --> 00:49:57 because I don't have the time to be in front of you at 930 because I'm already
503 00:49:57 --> 00:50:01 over my time limit, now I'm giving you the sitting. Areas that I would use, and
504 00:50:01 --> 00:50:04 all you have to do is listen to this recording again and see what the market
505 00:50:04 --> 00:50:10 actually does. It may not do any of those things, but because I'm not aware
506 00:50:10 --> 00:50:14 of what the actual price is going to be at 930 I have to give you scenarios that
507 00:50:14 --> 00:50:17 I would be running through my mind anyway. These are all the types of
508 00:50:17 --> 00:50:21 things I do when I'm waiting for that nine o'clock or, I'm sorry, 930 opening
509 00:50:21 --> 00:50:25 bell, based on what I have in price, where is it likely to go? And how could
510 00:50:25 --> 00:50:31 I build a narrative around what they may do at 930 if they want to intervene, if
511 00:50:31 --> 00:50:34 they want to take this the algo off script, and just get in there and stir
512 00:50:34 --> 00:50:37 it up the pot, what would they be running on? Who would they hurt? Why
513 00:50:37 --> 00:50:42 would they want to do that? Okay, but gun to my head. You know, we're going
514 00:50:42 --> 00:50:47 here, here and here. That's plain and simple, but that's not a straight line.
515 00:50:48 --> 00:50:51 I don't I'm not trying to convince you that it's going to go straight up from
516 00:50:51 --> 00:50:58 here. It can, but it would be without me. Okay, so I was expecting a little
517 00:50:58 --> 00:51:03 bit more animation here and it is what it is. But we watched the two volume
518 00:51:03 --> 00:51:06 imbalances. I gave you some details around the volume balance and how it
519 00:51:06 --> 00:51:10 looks price and how it becomes a balanced price range. And now you're
520 00:51:10 --> 00:51:17 going to be left to the opening bell all by yourself. Tune Up. I'll touch base
521 00:51:17 --> 00:51:20 with you guys later this afternoon. I'm certain of it tickle your twitter then
522 00:51:21 --> 00:51:24 and until I talk to you later, be safe. Do.