Skip to Content
Last modified by Drunk Monkey on 2025-09-27 13:42
Show last authors
1 (% class="hover min" %)
2 |1 |00:00:03 ~-~-> 00:00:06 |ICT: Good evening, folks. All right. So, just so you guys know, channels are not
3 |2 |00:00:06 ~-~-> 00:00:13 |getting deleted. It's a gullible All right, so we're looking at the NASDAQ.
4 |3 |00:00:13 ~-~-> 00:00:20 |Is the weekly chart of the NASDAQ, December 2024, delivery contract month.
5 |4 |00:00:20 ~-~-> 00:00:24 |This price run here, just retracing it back in this is what we were noting.
6 |5 |00:00:30 ~-~-> 00:00:36 |Okay, so this was the high if you watch the Sundays pre market before the week
7 |6 |00:00:36 ~-~-> 00:00:41 |started trading. Give you guidance about this is the level I anticipate as an
8 |7 |00:00:41 ~-~-> 00:00:46 |upside once we take out this high. I mentioned that there was a volume about
9 |8 |00:00:46 ~-~-> 00:00:49 |you can note that I wasn't going to do that. We never even worried about that
10 |9 |00:00:49 ~-~-> 00:00:53 |at all. And that's the level. That's where it came from. Okay, so 21,005
11 |10 |00:00:54 ~-~-> 00:01:01 |80.25 if you were following along today on Twitter or x, as it's called now, you
12 |11 |00:01:01 ~-~-> 00:01:07 |heard me on the hurried but yet you read in my posts that this is what I was
13 |12 |00:01:07 ~-~-> 00:01:14 |looking for as a draw later on to did certain things as NASDAQ was opening up
14 |13 |00:01:14 ~-~-> 00:01:18 |in the opening range. So we'll drop down to a daily chart real quick. All right,
15 |14 |00:01:18 ~-~-> 00:01:23 |see the daily chart on NASDAQ. Here's that retracement down in and I'll
16 |15 |00:01:23 ~-~-> 00:01:27 |highlight that so you can see the reference points for the here. Here,
17 |16 |00:01:28 ~-~-> 00:01:33 |once this high is taken out, this is one of the easiest like, I guess it's the
18 |17 |00:01:34 ~-~-> 00:01:39 |quick general rule of thumb. Once a range is broken out, you're going to
19 |18 |00:01:39 ~-~-> 00:01:48 |look for either upside objective, very simple, cut and dry, draw and liquidity,
20 |19 |00:01:48 ~-~-> 00:01:53 |or a frame of reference for potential turtle soup. This is a good general rule
21 |20 |00:01:53 ~-~-> 00:01:57 |of thumb I've used over the years. It's real simple. It's not really based on
22 |21 |00:01:57 ~-~-> 00:02:02 |anything that's in technical books, but one quarter of the beauty range broken
23 |22 |00:02:02 ~-~-> 00:02:07 |out. That's where I think markets can trade to when we're trading with all
24 |23 |00:02:07 ~-~-> 00:02:14 |time highs okay? So you stick with going long until it proves otherwise. Now, so
25 |24 |00:02:14 ~-~-> 00:02:23 |we have had a range in here on the daily chart that is lower on close we need a
26 |25 |00:02:23 ~-~-> 00:02:26 |higher high fail to get to that extension, which is fine. It's not
27 |26 |00:02:26 ~-~-> 00:02:29 |important in the trades there. If you go back and watch my Sunday video, you'll
28 |27 |00:02:29 ~-~-> 00:02:33 |hear me say that it can go as much as this. This is where I would think is
29 |28 |00:02:33 ~-~-> 00:02:37 |reasonable. Okay, so I really wasn't excited about going any further than
30 |29 |00:02:37 ~-~-> 00:02:41 |that. This is just where the threshold would be once we've taken out this high.
31 |30 |00:02:41 ~-~-> 00:02:45 |How high can it go? ICT, well. ICT said on Sunday, before the market started
32 |31 |00:02:45 ~-~-> 00:02:49 |trading 21,005 80 and a quarter, that's about as far as I'd like to see it trade
33 |32 |00:02:49 ~-~-> 00:02:54 |to. Now it could have and can still tomorrow. Nonprofit role could just rip
34 |33 |00:02:54 ~-~-> 00:02:57 |right on through that. That's fine. It's not important for me to to be accurate
35 |34 |00:02:57 ~-~-> 00:03:03 |about that. So we're going to drop down to a 60 minute chart, right? You can see
36 |35 |00:03:03 ~-~-> 00:03:08 |here on the hourly chart for NASDAQ. We traded about that high there, and then
37 |36 |00:03:08 ~-~-> 00:03:17 |again, fell short just below that 21,005 and you went to 21,005 67 and a quarter.
38 |37 |00:03:17 ~-~-> 00:03:22 |You can see that price level here. Then gave up the coastal day and traded
39 |38 |00:03:22 ~-~-> 00:03:25 |lower, taking the sell side in here. So we'll note that,
40 |39 |00:03:34 ~-~-> 00:03:39 |see I traded down to that have a breaker here. It was, high, low, higher, high,
41 |40 |00:03:39 ~-~-> 00:03:43 |down, close, candle in here, trades up into it and then sends it to the sell
42 |41 |00:03:43 ~-~-> 00:03:49 |side. Go into a 15 minute time frame, right? You can see how we had this
43 |42 |00:03:49 ~-~-> 00:03:55 |really fuzzy type price delivery this morning. Let's talk about this in X
44 |43 |00:03:55 ~-~-> 00:04:01 |live. And mentioned how this is problematic and we'd want to see a
45 |44 |00:04:01 ~-~-> 00:04:08 |obvious run at 10 o'clock. That would be an ideal scenario. The market does, in
46 |45 |00:04:08 ~-~-> 00:04:17 |fact, trade outside of the range, high here, right there, at noon. Okay, so we
47 |46 |00:04:17 ~-~-> 00:04:25 |trade above and then the market attacks the cell side and the cell side, right
48 |47 |00:04:25 ~-~-> 00:04:29 |there these relative equal lows. We'll look at that. That was the original
49 |48 |00:04:30 ~-~-> 00:04:36 |basis for why I was looking for 490 as I draw the cell side, and then a rally up
50 |49 |00:04:36 ~-~-> 00:04:43 |towards the 21, 500 AB point two five level, which was the very specific price
51 |50 |00:04:43 ~-~-> 00:04:47 |level I showed you on the weekly chart as an extension should all right. So
52 |51 |00:04:47 ~-~-> 00:04:52 |here's the one minute chart, and I'm showing you the Thursday overnight
53 |52 |00:04:54 ~-~-> 00:04:59 |london session lows. So you can see these two lows in here, in true form. It
54 |53 |00:04:59 ~-~-> 00:05:04 |would be. This, you would probably have your charts annotating that right there.
55 |54 |00:05:05 ~-~-> 00:05:11 |And if you weren't looking at that one, this would be certainly fine. And that
56 |55 |00:05:11 ~-~-> 00:05:17 |was the one I was annotating today. But I called the level 21,004 90. Okay, so
57 |56 |00:05:17 ~-~-> 00:05:23 |that way you can see it follow along with my posts on Twitter or x again, and
58 |57 |00:05:24 ~-~-> 00:05:27 |the market moves away from that. And as we enter
59 |58 |00:05:33 ~-~-> 00:05:37 |the nine o'clock hour, I was talking about how the market was staying inside
60 |59 |00:05:37 ~-~-> 00:05:44 |of this particular candlesticks range, the high and the low. Staying inside
61 |60 |00:05:44 ~-~-> 00:05:49 |that this is problematic, so because of that, I want to see it trade to 10
62 |61 |00:05:49 ~-~-> 00:05:53 |o'clock. So at 10 o'clock, then we'll start watching and seeing what it's
63 |62 |00:05:53 ~-~-> 00:05:59 |going to do for us. But up in here, I I looked at it and said, Okay, well, it
64 |63 |00:05:59 ~-~-> 00:06:03 |looks like we've taken the buy side here. So this is what you'll see, kind
65 |64 |00:06:03 ~-~-> 00:06:11 |of like flesh in and out for you, that is a minor buy side, and this is a minor
66 |65 |00:06:11 ~-~-> 00:06:12 |sell side,
67 |66 |00:06:19 ~-~-> 00:06:24 |meaning buy stops above this high. Cell stops above this, I'm sorry, below this
68 |67 |00:06:24 ~-~-> 00:06:28 |low. And then ultimately the level down here I was aiming for, and then the
69 |68 |00:06:28 ~-~-> 00:06:35 |other level, the upside. These are two primary This is primary buy side. This
70 |69 |00:06:35 ~-~-> 00:06:46 |is primary sell side, minor cell side. And uh, miner, buy side. Okay, so I
71 |70 |00:06:46 ~-~-> 00:06:53 |indicated on Twitter for x again, that I'd like to see the 8am which is this
72 |71 |00:06:53 ~-~-> 00:06:59 |high here. I'd like to see that taken and then trade down to 21,004 90, and
73 |72 |00:06:59 ~-~-> 00:07:06 |then trade in the direction to the 21,005 80 level. Okay, so that was what
74 |73 |00:07:06 ~-~-> 00:07:11 |I gave guidance for this morning. Before it actually happened, market traded up,
75 |74 |00:07:12 ~-~-> 00:07:16 |we broke down the bodies of the candles on this rally up. That was a shift in
76 |75 |00:07:16 ~-~-> 00:07:21 |market structure there. So as the market trades back above this old high you'll
77 |76 |00:07:21 ~-~-> 00:07:28 |see in the recording. I'll add it in this video. The run back above that. I
78 |77 |00:07:28 ~-~-> 00:07:32 |went short, and then we had a an immediate rebalance, where the market
79 |78 |00:07:32 ~-~-> 00:07:37 |trades back up into this low here, I added to it there. The market then
80 |79 |00:07:37 ~-~-> 00:07:42 |attacked this level here. I had several limit orders layered below that in the
81 |80 |00:07:42 ~-~-> 00:07:48 |event that we didn't get down to 21,004 90. And that served me well, because it
82 |81 |00:07:48 ~-~-> 00:07:52 |took two limit orders left one went right down to the price, but the spread
83 |82 |00:07:52 ~-~-> 00:07:57 |wouldn't let me get out on it, and then the remaining four contracts would not
84 |83 |00:07:57 ~-~-> 00:08:02 |be filled there either. So market rallied back up, came back and hit my
85 |84 |00:08:02 ~-~-> 00:08:10 |stop at 526, and I gave guidance on that as well, real time on x, the market then
86 |85 |00:08:10 ~-~-> 00:08:17 |went into range bound consolidation. And then right in here we're gonna look at
87 |86 |00:08:17 ~-~-> 00:08:21 |on a five second chart. But the framework is this, if we look at this
88 |87 |00:08:21 ~-~-> 00:08:25 |little area right in here, highlight that, so that way we'll know what we're
89 |88 |00:08:25 ~-~-> 00:08:36 |referring to all through here. Okay, so we have high, higher, high, higher,
90 |89 |00:08:36 ~-~-> 00:08:41 |high, and then this high, taking out that high. Okay, so in this little range
91 |90 |00:08:41 ~-~-> 00:08:46 |right here, we're going to look at the inefficiency and volume balance that was
92 |91 |00:08:46 ~-~-> 00:08:49 |keyed off of on a five second chart. So I'm going to drop down to a five second
93 |92 |00:08:49 ~-~-> 00:08:56 |chart now. All right, so here's the five second chart on NASDAQ, so you can see
94 |93 |00:08:56 ~-~-> 00:09:02 |we had high, higher, high, higher, high. So I'm going to get rid of this
95 |94 |00:09:02 ~-~-> 00:09:05 |rectangle here, because it's really not serving anything, except for me helping
96 |95 |00:09:06 ~-~-> 00:09:10 |highlight where in the five second chart the time frame was, where the shorts
97 |96 |00:09:10 ~-~-> 00:09:20 |were taken. So in this little area right in here, we watch and see how that's
98 |97 |00:09:20 ~-~-> 00:09:20 |sippy I'm Sibi,
99 |98 |00:09:29 ~-~-> 00:09:33 |see how the bodies are respecting that wicks above it. Yes, that's fine, but
100 |99 |00:09:34 ~-~-> 00:09:39 |the bodies are respecting that. Okay, so when we created that, I went short,
101 |100 |00:09:39 ~-~-> 00:09:43 |aiming for consequent encroachment and volume and balance right in here, and
102 |101 |00:09:43 ~-~-> 00:09:47 |it's a five second chart. So marketing in you're not going to get the perfect
103 |102 |00:09:47 ~-~-> 00:09:51 |entries, and I didn't have time to be doing the orders. Plus, I just want to
104 |103 |00:09:51 ~-~-> 00:09:55 |prove that the orders are being filled with the buy and sell buttons up here,
105 |104 |00:09:55 ~-~-> 00:09:59 |which is what you don't see when you're using Market Replay. I don't use market.
106 |105 |00:10:00 ~-~-> 00:10:04 |Like, and then the market trades lower. It comes back up in and I'm treating
107 |106 |00:10:04 ~-~-> 00:10:11 |this as a premium array, so it's kind of like a reclaimed sell, side amounts by
108 |107 |00:10:11 ~-~-> 00:10:16 |side efficiency. It was used here, and then once more come back above here.
109 |108 |00:10:16 ~-~-> 00:10:20 |Notice the bodies respecting the midpoint, consequent approachment, and
110 |109 |00:10:20 ~-~-> 00:10:24 |then the high. So I saw that, I was like, Okay, this is a bull flag. I know
111 |110 |00:10:24 ~-~-> 00:10:29 |retail is going to want to see that. Want to trade higher off of that. And I
112 |111 |00:10:29 ~-~-> 00:10:40 |faded it, and then used the reclaimed city here. So market breaks down. I want
113 |112 |00:10:40 ~-~-> 00:10:44 |to see it take out this low. It does so aggressively. See all the thin price
114 |113 |00:10:44 ~-~-> 00:10:48 |action in here, whereas it's back and forth, back and forth, even going lower.
115 |114 |00:10:48 ~-~-> 00:10:52 |But here it creates this nice inefficiency. So we come back up in
116 |115 |00:10:52 ~-~-> 00:10:56 |there's two of them always give room for the trip, and the higher one there, and
117 |116 |00:10:56 ~-~-> 00:11:03 |then aggressively sells off into the 21,004 90 level. And you can see that
118 |117 |00:11:03 ~-~-> 00:11:08 |that was the limit order being filled. So I want to make sure I had that done
119 |118 |00:11:08 ~-~-> 00:11:12 |today, because I outlined it. And then this morning I said I'd like to see a
120 |119 |00:11:12 ~-~-> 00:11:17 |trade down into after taking the eight o'clock high, then trade down into 21
121 |120 |00:11:17 ~-~-> 00:11:26 |490 and then slow roll up into 21, 580, direction. So okay, you see these lows
122 |121 |00:11:26 ~-~-> 00:11:35 |right here. That to me with these relative equal lows, and then we have
123 |122 |00:11:35 ~-~-> 00:11:44 |this low to high, low, low or low, low so all these lows are characteristic of
124 |123 |00:11:44 ~-~-> 00:11:50 |a favorable it's a good candidate for sell side liquidity. So that means the
125 |124 |00:11:50 ~-~-> 00:11:54 |nonprofit payroll Friday tomorrow, we could see, if we don't trade
126 |125 |00:11:54 ~-~-> 00:11:59 |aggressively higher, they may want to attack this area in here, if not, Friday
127 |126 |00:11:59 ~-~-> 00:12:03 |may be going into probably part of next week. So that's what I'm expecting,
128 |127 |00:12:04 ~-~-> 00:12:09 |nonprofit payroll Friday tomorrow, and I think that's going to be it again, as a
129 |128 |00:12:09 ~-~-> 00:12:16 |celebration of Bitcoin going to 100,000 I will resume doing forex market reviews
130 |129 |00:12:16 ~-~-> 00:12:21 |on the daily. Again. I'm not doing them right now because it's the holiday and,
131 |130 |00:12:21 ~-~-> 00:12:24 |well, it's Holly season for ICT. Let's put it that way. I'm usually not even
132 |131 |00:12:24 ~-~-> 00:12:30 |looking at the charts, but when we resume the 2025, mentorship on YouTube,
133 |132 |00:12:30 ~-~-> 00:12:36 |all for free every day, I'll be ringing in a forex market review. So I'll cover
134 |133 |00:12:36 ~-~-> 00:12:44 |the pound, dollar, euro, dollar, dollar index, and I'll also do a continuation
135 |134 |00:12:44 ~-~-> 00:12:49 |of index futures, as you're used to seeing now. And then, also I'm going to
136 |135 |00:12:49 ~-~-> 00:12:53 |be ringing in commodity prices, so I'll be looking at the majors in commodity
137 |136 |00:12:53 ~-~-> 00:12:58 |markets and every sector in that so foods, meats, metals, energies, debt
138 |137 |00:12:58 ~-~-> 00:13:02 |instruments, all that business, agricultural. So hopefully you found
139 |138 |00:13:02 ~-~-> 00:13:05 |this insightful, and I'll talk to you again. Be safe. Thank.