ICT YT - 2025-01-15 - 2025 Lecture Series - SMC Trade Example 01-14-2025
Last modified by Drunk Monkey on 2025-04-03 12:09
| 1 | 00:00:12 --> 00:00:17 | ICT: Folks, this is an example of the model I'm employing this year. Here we |
| 2 | 00:00:17 --> 00:00:24 | can see the market has dropped down below the 930 fair value gap. And I'm |
| 3 | 00:00:25 --> 00:00:33 | executing on the basis of the lower half of that, Sibi at 930 candle and the |
| 4 | 00:00:33 --> 00:00:37 | first presented fair value gap, which is not highlighted, but I'll highlight it |
| 5 | 00:00:37 --> 00:00:45 | here. Now, wait when the market has broke lower into the new week opening |
| 6 | 00:00:45 --> 00:00:51 | gap right now to approximately the high of the new week opening gap. And I'm |
| 7 | 00:00:52 --> 00:01:03 | initially targeting the 830 low. I'll be looking to take off partial low the 10am |
| 8 | 00:01:04 --> 00:01:14 | low. So I want to see price get real heavy in here, facing a pile of an order |
| 9 | 00:01:14 --> 00:01:20 | below the 10am swing low, stop now has been lowered to the high of new week |
| 10 | 00:01:20 --> 00:01:22 | opening gap plus one tick. |
| 11 | 00:01:29 --> 00:01:31 | All right, so I want to see it remain heavy, |
| 12 | 00:01:37 --> 00:01:45 | using that new week opening gap low into consequent encroachment of that new week |
| 13 | 00:01:45 --> 00:01:51 | opening gap. That's a permissible range, and then drops aggressively, and my stop |
| 14 | 00:01:51 --> 00:01:55 | loss has been lowered below consequent encroach on the new week opening gap, |
| 15 | 00:01:55 --> 00:02:00 | which is those two purple lines. Okay. Limit order filled. So one partial is |
| 16 | 00:02:00 --> 00:02:11 | taken there, and the stop now is lowered below the new week, opening gap low. I'm |
| 17 | 00:02:11 --> 00:02:16 | setting a buy limit order, 30 low. |
| 18 | 00:02:21 --> 00:02:27 | And the volatility of this, they stop me out here, and I'm going to look to go in |
| 19 | 00:02:27 --> 00:02:29 | again and re short it. |
| 20 | 00:02:40 --> 00:02:44 | Market, returning back into new week opening gap. It's consequence level |
| 21 | 00:02:44 --> 00:02:45 | right here. |
| 22 | 00:02:54 --> 00:02:58 | This breaks lower, below the new week opening gap low. So now I'm going to |
| 23 | 00:02:58 --> 00:03:08 | place a cell limit order in here, they can trade to the midpoint. We're just |
| 24 | 00:03:08 --> 00:03:13 | below where I have my stop loss. But I think it's going to leave a portion of |
| 25 | 00:03:13 --> 00:03:18 | that gap open, loop the bodies respecting the new week opening gap low, |
| 26 | 00:03:18 --> 00:03:23 | and I want to see it slowly but surely work its way down and make a lower low. |
| 27 | 00:03:31 --> 00:03:39 | Then we are in macro time now, so price should start spoiling. What direction |
| 28 | 00:03:39 --> 00:03:46 | lower? Okay, so it's done that here. Now I'm going to look to take another |
| 29 | 00:03:46 --> 00:03:51 | partial. Once it makes a lower low. What do you think it's going to go lower? I |
| 30 | 00:03:51 --> 00:04:00 | have a best case scenario trading down to 20,006 40 level, with a little order |
| 31 | 00:04:00 --> 00:04:03 | below 37 and 50. |
| 32 | 00:04:11 --> 00:04:16 | Okay. Price could tap the new week opening gap low again, it's that would |
| 33 | 00:04:16 --> 00:04:20 | be permissible, but I'd rather see it continuously drop so |
| 34 | 00:04:31 --> 00:04:35 | up that's institutional or financial entry drill, which is an entry into a |
| 35 | 00:04:35 --> 00:04:44 | partial fair value gap. And we should see expansion to the downside and hit |
| 36 | 00:04:44 --> 00:04:45 | that limit order. |
| 37 | 00:04:54 --> 00:04:54 | She goes, I'm. |
| 38 | 00:05:00 --> 00:05:08 | So what I'm doing is I'm allowing the market to expand in the direction of an |
| 39 | 00:05:08 --> 00:05:14 | old daily low. Touch your daily chart, you'll see that that purple line all at |
| 40 | 00:05:14 --> 00:05:18 | the bottom of the chart, where I have my limit order. That's simply just the best |
| 41 | 00:05:18 --> 00:05:24 | case scenario. It's not necessarily what I demand, I'll be looking to take |
| 42 | 00:05:24 --> 00:05:25 | another partial. |
| 43 | 00:05:33 --> 00:05:35 | The stop has done been lowered. |
| 44 | 00:05:41 --> 00:05:45 | One partial has been taken again, so now I'm in a position where I don't care if |
| 45 | 00:05:45 --> 00:05:49 | it's thoughts me out if it continues, that's all the better. And I have to |
| 46 | 00:05:49 --> 00:05:55 | walk away from the charts at this time so not aware of what it's doing. And |
| 47 | 00:05:56 --> 00:06:04 | frankly, I really don't care. So I'll come back periodically and just peak and |
| 48 | 00:06:04 --> 00:06:08 | see what price is doing. So I'm not really going to walk through anything in |
| 49 | 00:06:08 --> 00:06:11 | here, because I wasn't watching at that time. |
| 50 | 00:06:18 --> 00:06:21 | If I would have saw it, I would have been looking at that as a potential |
| 51 | 00:06:21 --> 00:06:26 | inverted fair value gap with that large city that's built and my stock would be |
| 52 | 00:06:26 --> 00:06:29 | in jeopardy. But again, I wasn't watching at the time, so |
| 53 | 00:06:41 --> 00:06:46 | it came back, saw that I could potentially be stopped out using that |
| 54 | 00:06:46 --> 00:06:49 | inversion fair value gap. So I'm not going to risk any more than that. So I'd |
| 55 | 00:06:49 --> 00:06:50 | love her to stop there. I'm |
| 56 | 00:07:19 --> 00:07:26 | lot of manipulation today, red Forward Day was pretty wild on to create, |
| 57 | 00:07:26 --> 00:07:26 | actually, I |
| 58 | 00:07:37 --> 00:07:41 | stopped just happens to be above relative equal highs with no recent stop |
| 59 | 00:07:41 --> 00:07:41 | hunt. |
| 60 | 00:07:53 --> 00:07:58 | Okay, so there's a stop loss. I have an alert on my cell phone that takes me |
| 61 | 00:07:58 --> 00:08:08 | back to the charts. I'm then I'll come back and bring it to a close. I'm. |