Wiki source code of ICT YT - 2025-01-10 - 2025 Lecture Series - SMC Opening Range Gaps
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2 | |1 |00:00:28 ~-~-> 00:00:31 |ICT: Hey folks, welcome back. All right, so we're going to be doing a very | ||
3 | |2 |00:00:31 ~-~-> 00:00:39 |specific study on the smart money concept, opening range gap. All right, | ||
4 | |3 |00:00:39 ~-~-> 00:00:43 |so obviously I started this lecture series off with some general commentary | ||
5 | |4 |00:00:43 ~-~-> 00:00:49 |around it, as I stated I would be doing very specific details and rules and | ||
6 | |5 |00:00:49 ~-~-> 00:00:56 |things of that nature around the model that I'll be employing in 2025 so an | ||
7 | |6 |00:00:56 ~-~-> 00:01:02 |opening range gap. Obviously I see a lot of students with confusion. They they're | ||
8 | |7 |00:01:02 ~-~-> 00:01:08 |thinking that the new day opening gap is the opening range gap, and hopefully | ||
9 | |8 |00:01:08 ~-~-> 00:01:15 |we'll clear that up for them today. First and foremost, you have to check to | ||
10 | |9 |00:01:15 ~-~-> 00:01:21 |make sure that your chart is showing in the regular trading hours, not | ||
11 | |10 |00:01:22 ~-~-> 00:01:27 |electronic trading hours. You find that in the lower right hand corner, usually | ||
12 | |11 |00:01:27 ~-~-> 00:01:37 |you'll see rth or eth right here, and it has to be toggled to record trading | ||
13 | |12 |00:01:37 ~-~-> 00:01:44 |hours, and the time zone has to be set to New York, always, all right. So we're | ||
14 | |13 |00:01:44 ~-~-> 00:01:50 |gonna be looking at this candlestick right here on a one minute chart. That's | ||
15 | |14 |00:01:50 ~-~-> 00:01:56 |the time frame that's being shown here. So this candlestick, if you take a look | ||
16 | |15 |00:01:56 ~-~-> 00:02:06 |at this candlesticks, closing price, you can see it up here, 21,049.75, and I'm | ||
17 | |16 |00:02:06 ~-~-> 00:02:11 |highlighting it here so we can see that the candlestick is basically small, | ||
18 | |17 |00:02:11 ~-~-> 00:02:16 |little body less candle, and I didn't want to hide that by having that little | ||
19 | |18 |00:02:18 ~-~-> 00:02:23 |annotation covering it up. So that's your first point of interest, which is | ||
20 | |19 |00:02:23 ~-~-> 00:02:27 |previous days, regular trading hours, settlement price. That's always going to | ||
21 | |20 |00:02:27 ~-~-> 00:02:33 |be, as you can see here, at the 4:14pm Eastern Time, on a one minute | ||
22 | |21 |00:02:33 ~-~-> 00:02:44 |candlestick. Here we can see, at 9:30am on the very next day. Little trading | ||
23 | |22 |00:02:44 ~-~-> 00:02:48 |hours is going to only show the difference between where we settled the | ||
24 | |23 |00:02:48 ~-~-> 00:02:57 |previous day at 4:14pm to now, the first opening price at 930 Eastern time. Again | ||
25 | |24 |00:02:57 ~-~-> 00:03:03 |all New York local time. So this here shows that we're opening higher than | ||
26 | |25 |00:03:03 ~-~-> 00:03:10 |where we settled in regular trading hours the previous trading day, 9:30am | ||
27 | |26 |00:03:10 ~-~-> 00:03:16 |Eastern Time, higher opening price in regular trading hours is classified as a | ||
28 | |27 |00:03:16 ~-~-> 00:03:24 |premium opening range gap. The opening range gap is 120 handles or larger. | ||
29 | |28 |00:03:24 ~-~-> 00:03:34 |Price could leave the gap unfilled, and you have a premium opening range gap. | ||
30 | |29 |00:03:34 ~-~-> 00:03:37 |What you're doing is you're going to take your Fibonacci, and this is the FIB | ||
31 | |30 |00:03:37 ~-~-> 00:03:41 |settings. That way you guys can have it real quick reference point. You're going | ||
32 | |31 |00:03:41 ~-~-> 00:03:46 |to take the FIB and anchor to the previous settlement price at regular | ||
33 | |32 |00:03:46 ~-~-> 00:03:49 |trading hours, at 414 on a one minute chart, you're going to drag the | ||
34 | |33 |00:03:49 ~-~-> 00:03:56 |Fibonacci up to the opening price the next trading day at 930 Eastern Time and | ||
35 | |34 |00:03:56 ~-~-> 00:04:00 |again, your chart should be toggled to regular trading hours. It should look | ||
36 | |35 |00:04:00 ~-~-> 00:04:03 |like this in the lower right hand corner when you're on that one minute chart. | ||
37 | |36 |00:04:04 ~-~-> 00:04:07 |These are the settings that have to be toggled. And if your numbers don't look | ||
38 | |37 |00:04:07 ~-~-> 00:04:11 |like this, all you have to do is just double tap inside of every individual | ||
39 | |38 |00:04:11 ~-~-> 00:04:21 |gray box and type in what you see mine is showing here, obviously, when you | ||
40 | |39 |00:04:21 ~-~-> 00:04:26 |have a large gap like this, which is a couple 100 handles between the previous | ||
41 | |40 |00:04:26 ~-~-> 00:04:32 |day's regular trading hours, settlement at 4:14pm to the opening price at 930 | ||
42 | |41 |00:04:32 ~-~-> 00:04:38 |Eastern Time The following day, with such a large gap like that, the rules I | ||
43 | |42 |00:04:38 ~-~-> 00:04:42 |employ is that it's probably going To keep going in the direction of an | ||
44 | |43 |00:04:42 ~-~-> 00:04:47 |extreme gap like that. And if it ever, it may not even do this much, but if it | ||
45 | |44 |00:04:47 ~-~-> 00:04:52 |ever does trade below that low, usually it's going to stop around the upper | ||
46 | |45 |00:04:52 ~-~-> 00:04:59 |quadrant, and you can see that here. Okay, so 25% of the opening range gap is | ||
47 | |46 |00:04:59 ~-~-> 00:05:03 |usually what you'll see. Traded there. And I actually gave you this earlier in | ||
48 | |47 |00:05:03 ~-~-> 00:05:08 |the week with the lecture, the very first lecture outlined it, and then I | ||
49 | |48 |00:05:08 ~-~-> 00:05:13 |traded with that same logic that evening, going into the midnight opening | ||
50 | |49 |00:05:13 ~-~-> 00:05:21 |range, which allowed me to segue into that smart money concept when there's a | ||
51 | |50 |00:05:21 ~-~-> 00:05:28 |large gap like this, okay, 120 handles is a good ballpark number where it could | ||
52 | |51 |00:05:28 ~-~-> 00:05:32 |potentially keep the gap unfilled, meaning that it doesn't come all the way | ||
53 | |52 |00:05:32 ~-~-> 00:05:39 |back down to the previous day's selling price, but it will eventually, at a | ||
54 | |53 |00:05:39 ~-~-> 00:05:44 |later time, do that very thing. Now, if you are seeing the market trade higher | ||
55 | |54 |00:05:44 ~-~-> 00:05:49 |as we go into an economic report on the calendar, this could usually be kind of | ||
56 | |55 |00:05:49 ~-~-> 00:05:54 |like pumping the market up higher, and then at a later time in the same week or | ||
57 | |56 |00:05:54 ~-~-> 00:05:59 |the very next day, it can trade down into that level here and maybe go into | ||
58 | |57 |00:05:59 ~-~-> 00:06:02 |the middle of the middle of the gap, which is consequent encroachment. This | ||
59 | |58 |00:06:02 ~-~-> 00:06:11 |is that 50% level here. Eventually price will want to rebalance all of this here, | ||
60 | |59 |00:06:12 ~-~-> 00:06:16 |because it's inefficient, because there's no price at all zero. So this is | ||
61 | |60 |00:06:16 ~-~-> 00:06:20 |an actual liquidity void. It's not a bias on a balanced loss, on an | ||
62 | |61 |00:06:20 ~-~-> 00:06:24 |efficiency. It's an actual liquidity void. It's an actual void because | ||
63 | |62 |00:06:24 ~-~-> 00:06:29 |there's no trading buying or selling between the price of this closing price | ||
64 | |63 |00:06:29 ~-~-> 00:06:35 |and where we opened at 930 using regular trading hours. Now obviously, when we | ||
65 | |64 |00:06:35 ~-~-> 00:06:42 |start trading at 6pm unless this is a Friday, which it's not because you can | ||
66 | |65 |00:06:42 ~-~-> 00:06:49 |see it says Monday, at Monday, Eastern Time, at 6pm the market will open up, | ||
67 | |66 |00:06:49 ~-~-> 00:06:54 |and then whatever it does between then and 930 that's shown in electronic | ||
68 | |67 |00:06:54 ~-~-> 00:06:59 |hours. We don't need to see that here, because the opening range gap is defined | ||
69 | |68 |00:06:59 ~-~-> 00:07:05 |by regular trading hours only. Soon as you start showing electronic trading | ||
70 | |69 |00:07:05 ~-~-> 00:07:11 |hours, what you're looking at there is new day opening gaps and or new week | ||
71 | |70 |00:07:11 ~-~-> 00:07:15 |opening gaps. So just make sure you know in your notes, if you're looking at your | ||
72 | |71 |00:07:15 ~-~-> 00:07:20 |time reference in the lower right hand corner, regular trading hours is always | ||
73 | |72 |00:07:20 ~-~-> 00:07:25 |going to denote what the opening range gap is going to be. If there is a gap, | ||
74 | |73 |00:07:27 ~-~-> 00:07:33 |if it's showing electronic trading hours eth, then it's going to give you the | ||
75 | |74 |00:07:33 ~-~-> 00:07:39 |information that we derive for New Day opening gaps and or new week opening | ||
76 | |75 |00:07:39 ~-~-> 00:07:47 |gaps. Okay, let me see when the market shows a lower gap opening using the same | ||
77 | |76 |00:07:47 ~-~-> 00:07:56 |parameters at 4:14pm, and we open down 930 Eastern Time The following day, | ||
78 | |77 |00:07:56 ~-~-> 00:08:06 |again using the record trading hours. This lower gap opening when we have that | ||
79 | |78 |00:08:06 ~-~-> 00:08:13 |at 930 Eastern if that lower opening price in regular trading hours is | ||
80 | |79 |00:08:13 ~-~-> 00:08:19 |appearing, then that is classified as a discount opening range gap. If it's this | ||
81 | |80 |00:08:19 ~-~-> 00:08:27 |large, again, we have several 100 handles the 25% of the opening range | ||
82 | |81 |00:08:27 ~-~-> 00:08:35 |gap, or lower quadrant here, that would be your your target, if at all. It may | ||
83 | |82 |00:08:35 ~-~-> 00:08:41 |not even trade back to the high or even go back into the open range gap. So we | ||
84 | |83 |00:08:41 ~-~-> 00:08:48 |would use the rules as I outlined when it was a premium open gap. So let's take | ||
85 | |84 |00:08:48 ~-~-> 00:08:54 |us back to that premium opening gap. And I want you to think about how when we're | ||
86 | |85 |00:08:54 ~-~-> 00:08:59 |looking at the lower gap opening, we would be drawing the Fibonacci down, | ||
87 | |86 |00:08:59 ~-~-> 00:09:04 |whereas a premium opening gap. We're drawing it up so it gives you the proper | ||
88 | |87 |00:09:04 ~-~-> 00:09:10 |classification for the quadrants. Upper quadrant here would be the a quarter of | ||
89 | |88 |00:09:10 ~-~-> 00:09:19 |the opening range gap, if we are trading anywhere between 20 and 75 handles with | ||
90 | |89 |00:09:19 ~-~-> 00:09:23 |an opening range gap, whether it be premium or a discount gap. And again, | ||
91 | |90 |00:09:23 ~-~-> 00:09:28 |the classification is only determined by if it gaps higher at 930 that's a | ||
92 | |91 |00:09:28 ~-~-> 00:09:35 |premium. That's a gap higher. If it gaps lower at 930 than where we settled at | ||
93 | |92 |00:09:35 ~-~-> 00:09:40 |414 that's a discount opening range gap, okay, and the only reason that's | ||
94 | |93 |00:09:40 ~-~-> 00:09:44 |important is it helps you determine what direction you're going to draw the fib | ||
95 | |94 |00:09:44 ~-~-> 00:09:48 |on. So premium opening range gaps are drawn from the previous days, 4:14pm, | ||
96 | |95 |00:09:49 ~-~-> 00:09:54 |Eastern times, settlement price up to 930 opening next day again, toggled | ||
97 | |96 |00:09:54 ~-~-> 00:09:58 |along. We're into trading hours. And reverse it for discount opening range | ||
98 | |97 |00:09:58 ~-~-> 00:10:06 |gaps. So. But if it's 20 to 75 handles, usually, if it's a premium opening range | ||
99 | |98 |00:10:06 ~-~-> 00:10:11 |gap like this, what I like to look at with electronic trading hours. Okay, so | ||
100 | |99 |00:10:11 ~-~-> 00:10:14 |this is for your notes. You gotta write this stuff down like I do everything for | ||
101 | |100 |00:10:14 ~-~-> 00:10:19 |you. If it opens higher, I like to see it trade | ||
102 | |101 |00:10:21 ~-~-> 00:10:26 |to a pre market session. That means anywhere between six o'clock in the | ||
103 | |102 |00:10:26 ~-~-> 00:10:33 |morning, Eastern Time to 930 all that time there is pre market. So if we have | ||
104 | |103 |00:10:33 ~-~-> 00:10:40 |a premium open range gap like this at 930 I want to see it trade to some | ||
105 | |104 |00:10:40 ~-~-> 00:10:46 |overnight London high, or relative equal highs, or some high that was formed | ||
106 | |105 |00:10:46 ~-~-> 00:10:50 |between six o'clock in the morning, Eastern Time to 930s opening price. So | ||
107 | |106 |00:10:50 ~-~-> 00:10:54 |it's going to run by side initially, and then I would look forward to trade back | ||
108 | |107 |00:10:54 ~-~-> 00:10:59 |down into minimum consequent crochet, which is the red level here, or middle | ||
109 | |108 |00:10:59 ~-~-> 00:11:04 |of the gap, and depending upon how I'm foolish or bearish or if I'm just | ||
110 | |109 |00:11:04 ~-~-> 00:11:06 |trading inside of a range, will determine whether or not I'm going to | ||
111 | |110 |00:11:06 ~-~-> 00:11:10 |look for a complete gap closure. And there's a lot more rules we'll talk | ||
112 | |111 |00:11:10 ~-~-> 00:11:14 |about before we get to the end of this month, and I'll have all those details | ||
113 | |112 |00:11:14 ~-~-> 00:11:17 |for you, but we're just giving you very specific rules that I'm going to be | ||
114 | |113 |00:11:17 ~-~-> 00:11:20 |employing for the majority of the times when I'm using opening range gaps in | ||
115 | |114 |00:11:20 ~-~-> 00:11:29 |2025 with this model I'm giving model, I'm giving you in detail. Everything I | ||
116 | |115 |00:11:29 ~-~-> 00:11:34 |was saying for when it's a premium gap, you're just going to reverse the logic | ||
117 | |116 |00:11:34 ~-~-> 00:11:38 |for a discount opening range gap. But here you can see it's the very next day | ||
118 | |117 |00:11:38 ~-~-> 00:11:48 |here where that gap higher, that premium open range gap, it trades up, and it | ||
119 | |118 |00:11:48 ~-~-> 00:11:53 |eventually comes back down into your day, that that three o'clock in the | ||
120 | |119 |00:11:53 ~-~-> 00:11:56 |afternoon trades down in that upper quadrant. So you can see how it was not | ||
121 | |120 |00:11:56 ~-~-> 00:11:59 |willing to come all the way back down and close in that gap, which will be a | ||
122 | |121 |00:11:59 ~-~-> 00:12:06 |perfect re delivery to that price. It's it's not happening here, but it does | ||
123 | |122 |00:12:06 ~-~-> 00:12:11 |trade to the upper quadrant of that gap. Now, why is it called the upper | ||
124 | |123 |00:12:11 ~-~-> 00:12:16 |quadrant? Because the gap starts here at the previous day at 414, Eastern Time, | ||
125 | |124 |00:12:17 ~-~-> 00:12:24 |and opens here. So since it's an up gap, or premium gap. Think about this as the | ||
126 | |125 |00:12:24 ~-~-> 00:12:27 |range. Well, this is the upper portion of that gap, this is the middle of that | ||
127 | |126 |00:12:27 ~-~-> 00:12:31 |gap, this is the lower quadrant of that gap, and this is the low of that gap. So | ||
128 | |127 |00:12:31 ~-~-> 00:12:37 |when it's an extremely large gap opening, my interest is only at this | ||
129 | |128 |00:12:37 ~-~-> 00:12:43 |upper quadrant, and then I'll see if it wants to have any interest in going back | ||
130 | |129 |00:12:43 ~-~-> 00:12:50 |down into the middle of that but 20 to 75 handles, I like the odds of it | ||
131 | |130 |00:12:50 ~-~-> 00:12:56 |trading to mid gap. Now there's a sweet spot between 75 and 120 handles, where | ||
132 | |131 |00:12:56 ~-~-> 00:13:03 |it can go either direction. So I usually err on the side of what do I see in | ||
133 | |132 |00:13:03 ~-~-> 00:13:06 |other analysis, concepts that are going to help me, because I may have to just | ||
134 | |133 |00:13:06 ~-~-> 00:13:09 |sit on my hands and wait till 10 o'clock and not trade anything at the opening | ||
135 | |134 |00:13:09 ~-~-> 00:13:13 |range, which is the first 30 minutes of trading between 930 Eastern Time to 10 | ||
136 | |135 |00:13:13 ~-~-> 00:13:19 |o'clock. So when I have 75 handles to 120 handles, or less than 100 handles or | ||
137 | |136 |00:13:19 ~-~-> 00:13:26 |so, these are just general rules where I have to lean on what the market has in | ||
138 | |137 |00:13:26 ~-~-> 00:13:30 |price, where we are with the economic calendar, and where are we at with | ||
139 | |138 |00:13:30 ~-~-> 00:13:36 |seasonal tendencies, the current market structure. All these things have to be | ||
140 | |139 |00:13:36 ~-~-> 00:13:43 |referred to when the range is higher than 75 handles. All right, and then | ||
141 | |140 |00:13:43 ~-~-> 00:13:53 |obviously, the very next day, entirely new trading day, we have a another gap | ||
142 | |141 |00:13:53 ~-~-> 00:14:00 |here. Now this is the opening range gap, which is very, very small here, but it | ||
143 | |142 |00:14:00 ~-~-> 00:14:04 |opens trades down. It comes right back up into it here, and then we break | ||
144 | |143 |00:14:04 ~-~-> 00:14:10 |lower. All these lines here are derived from the previous 24 hour session where | ||
145 | |144 |00:14:10 ~-~-> 00:14:15 |that opening range gap formed. So that premium opening range gap, that's what | ||
146 | |145 |00:14:15 ~-~-> 00:14:19 |these levels are here. So this is the high of that previous opening range gap. | ||
147 | |146 |00:14:19 ~-~-> 00:14:23 |The upper quadrant that I said that it would trade down to. You can see it when | ||
148 | |147 |00:14:23 ~-~-> 00:14:27 |it did here. And then we just consolidated, hit it once more. And then | ||
149 | |148 |00:14:27 ~-~-> 00:14:34 |we're rallied up. And then the next day at 930 This is 4:14pm on this | ||
150 | |149 |00:14:34 ~-~-> 00:14:38 |candlestick, right there. Now, if I toggle one more over, now you're looking | ||
151 | |150 |00:14:38 ~-~-> 00:14:43 |at this price, which is 930 in the morning on Tuesday, January 7, 2025 we | ||
152 | |151 |00:14:43 ~-~-> 00:14:49 |break lower trade back up into that opening range gap. Breaks lower trades | ||
153 | |152 |00:14:49 ~-~-> 00:14:54 |to the upper quadrant of the previous day's opening range gap. Then it goes | ||
154 | |153 |00:14:54 ~-~-> 00:14:59 |consequent encroachment lower quadrant, and then a complete closure of the | ||
155 | |154 |00:14:59 ~-~-> 00:15:04 |previous day. 90s, premium opening range gap. And then you can see how the market | ||
156 | |155 |00:15:04 ~-~-> 00:15:08 |use all of those levels here. And then move a little bit lower into the | ||
157 | |156 |00:15:08 ~-~-> 00:15:17 |session. When you're looking at your regular trading hours chart, you want to | ||
158 | |157 |00:15:17 ~-~-> 00:15:26 |highlight every gap you have a gap here on the third of January, 2025 you have | ||
159 | |158 |00:15:26 ~-~-> 00:15:30 |the gap that we started this lecture here with, and then that smaller one | ||
160 | |159 |00:15:30 ~-~-> 00:15:35 |here, that's shaded, and then there was obviously one over here, but you're not | ||
161 | |160 |00:15:35 ~-~-> 00:15:38 |going to include that for this discussion. But when the market opened | ||
162 | |161 |00:15:38 ~-~-> 00:15:48 |up here, this gap is a liquidity void where it's zero trading, no buying or | ||
163 | |162 |00:15:48 ~-~-> 00:15:53 |selling during early trading hours. So this is an actual liquidity void. When | ||
164 | |163 |00:15:53 ~-~-> 00:15:57 |you see moves like this, this is unfortunately been classified as a | ||
165 | |164 |00:15:57 ~-~-> 00:16:00 |liquidity void. It's not actually because there's actually buying and | ||
166 | |165 |00:16:00 ~-~-> 00:16:05 |selling going on inside of that. Candlesticks range over here for trading | ||
167 | |166 |00:16:05 ~-~-> 00:16:09 |hours, there is no trading there during electronic trading hours, there probably | ||
168 | |167 |00:16:09 ~-~-> 00:16:13 |is. But for the sake of doing the analysis with regular trading hour | ||
169 | |168 |00:16:13 ~-~-> 00:16:19 |charting, when there's gaps like this, the market will want to do patchwork | ||
170 | |169 |00:16:19 ~-~-> 00:16:25 |where it'll deliver back down into it and offer price between these two | ||
171 | |170 |00:16:25 ~-~-> 00:16:28 |defined levels, where the previous settlement at 4:14pm, Eastern Time to | ||
172 | |171 |00:16:28 ~-~-> 00:16:35 |930 to next trading day, same thing over here. This is a premium gap. This is a | ||
173 | |172 |00:16:35 ~-~-> 00:16:41 |premium gap. Okay, so premium opening range gaps start with the FIB at the low | ||
174 | |173 |00:16:42 ~-~-> 00:16:48 |up to the new 930 opening price, just like as we did here, because it's a | ||
175 | |174 |00:16:48 ~-~-> 00:16:53 |premium opening range gap. You anchor it to the closing price at 414, Eastern | ||
176 | |175 |00:16:53 ~-~-> 00:16:57 |Time, and you draw the FIB up, and it shows your quadrant levels where you're | ||
177 | |176 |00:16:57 ~-~-> 00:17:01 |going to be utilizing that information. So here, as the market starts to sell | ||
178 | |177 |00:17:01 ~-~-> 00:17:04 |off, look how the consequent encroachment offers another shorting | ||
179 | |178 |00:17:04 ~-~-> 00:17:12 |opportunity. Mid gap, right here, breaks down, comes back to the lower quadrant | ||
180 | |179 |00:17:12 ~-~-> 00:17:18 |of this gap rolls over, uses the low of the gap starts to break down and trades | ||
181 | |180 |00:17:18 ~-~-> 00:17:23 |into the opening price here, which is the high of this opening range gap, | ||
182 | |181 |00:17:23 ~-~-> 00:17:29 |which is a premium opening range gap on the third of January 2025 so the market | ||
183 | |182 |00:17:29 ~-~-> 00:17:33 |trades down into here, hits the high of that opening range gap. There trades | ||
184 | |183 |00:17:33 ~-~-> 00:17:38 |down to consequent encroachment. Look at the bodies. See how they're respecting | ||
185 | |184 |00:17:38 ~-~-> 00:17:41 |that midpoint, then rallies up and then breaks down. Look at the bodies | ||
186 | |185 |00:17:41 ~-~-> 00:17:45 |respecting the low of that opening range gap, and then look at the reaction | ||
187 | |186 |00:17:45 ~-~-> 00:17:51 |there, rallies up, takes out the relative equal highs here, and then it's | ||
188 | |187 |00:17:51 ~-~-> 00:17:55 |most likely going to want to gravitate towards these relative equal lows here. | ||
189 | |188 |00:17:55 ~-~-> 00:17:58 |That's this little too clean, things like that. Price levels like that, don't | ||
190 | |189 |00:17:58 ~-~-> 00:18:04 |usually stay intact, and the market will want to go and disrupt that the smooth | ||
191 | |190 |00:18:04 ~-~-> 00:18:09 |edges will be made jagged. So there's some principles. There's some very | ||
192 | |191 |00:18:09 ~-~-> 00:18:13 |specific rules that I'm going to be employing. As you can see, not very | ||
193 | |192 |00:18:13 ~-~-> 00:18:18 |complex. It's complex if you've never worked with the render trading hours and | ||
194 | |193 |00:18:18 ~-~-> 00:18:23 |moved and toggled between electronic training hours but it's not complicated | ||
195 | |194 |00:18:23 ~-~-> 00:18:29 |in terms of the logic. So the rule based ideas that I've applied here, they're | ||
196 | |195 |00:18:29 ~-~-> 00:18:34 |very specific, but there's a gray area, but it's above 75 handles, up to 100 | ||
197 | |196 |00:18:34 ~-~-> 00:18:39 |handles or more, but not 120 where I can go both directions. So I'm a little bit | ||
198 | |197 |00:18:39 ~-~-> 00:18:43 |more flexible in that range, but anything higher than 120 handles, I'm | ||
199 | |198 |00:18:43 ~-~-> 00:18:49 |going to be leery and anticipating that gap in need immediately being refilled | ||
200 | |199 |00:18:49 ~-~-> 00:18:55 |or rebooked to at least half the gap it can but I want to have a little bit more | ||
201 | |200 |00:18:55 ~-~-> 00:19:00 |information. Besides just using this information in and of itself, I'm Hi, | ||
202 | |201 |00:19:08 ~-~-> 00:19:11 |folks, I want to thank you for your continued interest. If you'd like these | ||
203 | |202 |00:19:11 ~-~-> 00:19:15 |kind of lectures and you want to continue your learning, the best way to | ||
204 | |203 |00:19:15 ~-~-> 00:19:19 |show that you're appreciating it is a free Thumbs Up on the video. I promise | ||
205 | |204 |00:19:19 ~-~-> 00:19:22 |you it doesn't cost you anything until I'll talk to you next time. Good luck | ||
206 | |205 |00:19:22 ~-~-> 00:19:25 |and good trading. You. |