Wiki source code of ICT YT - 2025-02-11 - 2025 Lecture Series - Trading In High Resistance Liquidity Run Conditions With My Lunch Macro
Show last authors
author | version | line-number | content |
---|---|---|---|
1 | (% class="hover min" %) | ||
2 | |1 |00:00:07 ~-~-> 00:00:12 |ICT: Hi folks, so it's going to be a voice over. So this is after the fact | ||
3 | |2 |00:00:12 ~-~-> 00:00:16 |I'm giving you commentary, but the commentary was given to you live during | ||
4 | |3 |00:00:16 ~-~-> 00:00:24 |the telegram, real time commentary. I usually do the audio clips, but because | ||
5 | |4 |00:00:24 ~-~-> 00:00:30 |I had a tech for my HVAC system here today, we had a bad gas valve. There was | ||
6 | |5 |00:00:30 ~-~-> 00:00:34 |a lot of interruptions between that and my puppy, Piper, she got sick. So there | ||
7 | |6 |00:00:34 ~-~-> 00:00:38 |was a whole lot of that stuff going on, very difficult today. So the market, I | ||
8 | |7 |00:00:38 ~-~-> 00:00:43 |used the inversion Fairbank gap. I mentioned, and I mentioned the bearish | ||
9 | |8 |00:00:43 ~-~-> 00:00:49 |breaker. And I'm actually highlighting the order block that was initially used | ||
10 | |9 |00:00:49 ~-~-> 00:00:54 |the same price higher. I It was a personal note for me. I want to see it | ||
11 | |10 |00:00:54 ~-~-> 00:00:58 |become like an inversion PD array. In other words, whatever was bullish, if | ||
12 | |11 |00:00:58 ~-~-> 00:01:02 |it's if it's bearish, you know, I want to see a trade lower, so I just took one | ||
13 | |12 |00:01:03 ~-~-> 00:01:09 |contract off, and I'm bringing the stop down. And this is high resistance | ||
14 | |13 |00:01:09 ~-~-> 00:01:13 |liquidity run conditions. I mean, it's very, very, very challenging, even for | ||
15 | |14 |00:01:13 ~-~-> 00:01:17 |me. And I know that sounds arrogant and egotistical to some of you, but it's, | ||
16 | |15 |00:01:17 ~-~-> 00:01:22 |it's the facts. I mean, it was challenging, and markets staying in a | ||
17 | |16 |00:01:22 ~-~-> 00:01:27 |very tight range and coming back and stopping me out. So I want to go in and | ||
18 | |17 |00:01:27 ~-~-> 00:01:34 |try it again. And I reacted off that bearish breaker, and we want to see it | ||
19 | |18 |00:01:34 ~-~-> 00:01:39 |trade down into that blue shaded area where I have now lowered that by limit | ||
20 | |19 |00:01:39 ~-~-> 00:01:45 |order. I mentioned in the telegram channel that it would be likely that the | ||
21 | |20 |00:01:45 ~-~-> 00:01:53 |lunch macro would send it down to 21,008 35 to 21,008 25 respectively. And I | ||
22 | |21 |00:01:53 ~-~-> 00:01:57 |always have a best case scenario. I had the limit order to cover way, way, way | ||
23 | |22 |00:01:57 ~-~-> 00:02:02 |below that, because if I happen to catch a tiger by the tail. It's always fun to | ||
24 | |23 |00:02:03 ~-~-> 00:02:08 |get something extra, more than you originally wanted. So I wanted to see it | ||
25 | |24 |00:02:08 ~-~-> 00:02:12 |break lower here, after working the low of that inversion fair value gap that's | ||
26 | |25 |00:02:12 ~-~-> 00:02:17 |shaded in orange. And now, because it's the type of day it is, I moved my stop | ||
27 | |26 |00:02:17 ~-~-> 00:02:22 |to cover costs. And admittedly, in hindsight, I'm going to regret not | ||
28 | |27 |00:02:22 ~-~-> 00:02:27 |taking a partial as it went below that low, because I'm talking to the HVAC | ||
29 | |28 |00:02:27 ~-~-> 00:02:30 |tech at this time, and I'm getting frustrated with him because he's | ||
30 | |29 |00:02:30 ~-~-> 00:02:35 |assuming that I know his job. If I did, I wouldn't hire him. I would do it | ||
31 | |30 |00:02:35 ~-~-> 00:02:45 |myself, right? So at any rate, I'm looking for a breakdown further, and I'm | ||
32 | |31 |00:02:45 ~-~-> 00:02:50 |extending that order block with the expectation that it would likely pull | ||
33 | |32 |00:02:50 ~-~-> 00:02:55 |down lower and just overall, it's just a very, very, very difficult day. It's not | ||
34 | |33 |00:02:56 ~-~-> 00:03:02 |it's not helping matters that we have all of the Fed Chair testimonies that's | ||
35 | |34 |00:03:02 ~-~-> 00:03:11 |going to happen this week, and we have high impact news also hitting. So that's | ||
36 | |35 |00:03:11 ~-~-> 00:03:15 |a lot of things that's making it much more challenging, plus, we're in that | ||
37 | |36 |00:03:15 ~-~-> 00:03:22 |big daily range that I mentioned in the shotgun Saturday, so I'm pairing the | ||
38 | |37 |00:03:22 ~-~-> 00:03:28 |risk of open profit and bringing in more potential profit should happen. I | ||
39 | |38 |00:03:28 ~-~-> 00:03:32 |mentioned at the time that if it goes to consequent crochet inversion fair value | ||
40 | |39 |00:03:32 ~-~-> 00:03:35 |gap, that that would be the breaks. For me. It's reason why you're seeing it | ||
41 | |40 |00:03:35 ~-~-> 00:03:42 |now, because I have the stop loss there. And another time here where I was really | ||
42 | |41 |00:03:43 ~-~-> 00:03:47 |better equipped. If I would have taken a part on there because of the profile day | ||
43 | |42 |00:03:48 ~-~-> 00:03:53 |being high resistance, I should have taken a contract off that when it went | ||
44 | |43 |00:03:53 ~-~-> 00:03:59 |below the short term low. But I'm sitting here watching it, and I want to | ||
45 | |44 |00:03:59 ~-~-> 00:04:07 |see it. Say, failed to go up into half of the order blocks that I have | ||
46 | |45 |00:04:07 ~-~-> 00:04:15 |highlighted here as an inversion block. Okay? And I want to see it not do that, | ||
47 | |46 |00:04:15 ~-~-> 00:04:20 |but it stopped me out. And that's the breaks for today. So very, very | ||
48 | |47 |00:04:20 ~-~-> 00:04:26 |challenging, even for that three letter guy, I say, but was able to get some | ||
49 | |48 |00:04:26 ~-~-> 00:04:34 |some pizza money. So we can take a look at this. Now you can see trying to get | ||
50 | |49 |00:04:34 ~-~-> 00:04:40 |in here and put on some more towards here, trying once more to get down into | ||
51 | |50 |00:04:40 ~-~-> 00:04:50 |that 21,008 35 to 21,008 25 basically selling the low of that inversion, fair | ||
52 | |51 |00:04:50 ~-~-> 00:04:56 |value gap. HVAC tech guy just just left. I looked at the chart. I was like, Well, | ||
53 | |52 |00:04:56 ~-~-> 00:05:02 |let me see if I can skin this cat still. I. The risk is at the top of the | ||
54 | |53 |00:05:02 ~-~-> 00:05:09 |inversion fair value gap, and there is a partial and again, we're going to see if | ||
55 | |54 |00:05:09 ~-~-> 00:05:13 |I can get down into that lower portion of that buy sign and balance cell sign | ||
56 | |55 |00:05:13 ~-~-> 00:05:18 |efficiency. And again, now the stop also has been brought down to cover costs. So | ||
57 | |56 |00:05:19 ~-~-> 00:05:23 |again, just very, very, very challenging today, very challenging, lots of | ||
58 | |57 |00:05:23 ~-~-> 00:05:30 |manipulation, lots of just, you know, opposition. Really, I'm checking es | ||
59 | |58 |00:05:30 ~-~-> 00:05:34 |here, and there's my second partial. And now I'm just going to see what I can get | ||
60 | |59 |00:05:34 ~-~-> 00:05:37 |out of this, you know, see if there's any extra juice in this lemon, if you | ||
61 | |60 |00:05:37 ~-~-> 00:05:41 |will. I'm completely content with getting stopped out because I'm honestly | ||
62 | |61 |00:05:42 ~-~-> 00:05:46 |little ticked off because I had too many things I watched that small, little fair | ||
63 | |62 |00:05:46 ~-~-> 00:05:54 |value gap, and I want to see it break hard from here, but it's being very | ||
64 | |63 |00:05:54 ~-~-> 00:06:00 |reluctant to do so. So I'm going to extend this out here and share my | ||
65 | |64 |00:06:00 ~-~-> 00:06:04 |perspective. I want to see it act as an inversion fair value gap here. So I want | ||
66 | |65 |00:06:04 ~-~-> 00:06:08 |to see it break down, go below it to the downside, and then if it has to come | ||
67 | |66 |00:06:08 ~-~-> 00:06:11 |back up in again, I don't want to see it explore in the upper half. | ||
68 | |67 |00:06:20 ~-~-> 00:06:25 |And again, just an overzealous target, because I'm trying not to worry about it | ||
69 | |68 |00:06:25 ~-~-> 00:06:29 |getting to a specific target. I'm worried about watching what price is | ||
70 | |69 |00:06:29 ~-~-> 00:06:35 |showing me each candlestick. So if it's looming close to my target, I'm going to | ||
71 | |70 |00:06:35 ~-~-> 00:06:39 |be worried about that. So to remove that, I just move the target completely | ||
72 | |71 |00:06:39 ~-~-> 00:06:43 |out of the way I'm managing more specifically about, does it still want | ||
73 | |72 |00:06:43 ~-~-> 00:06:49 |to respect that inversion for value gap, or what I'm viewing as a potential | ||
74 | |73 |00:06:49 ~-~-> 00:06:56 |inversion for value gap, and say it that way, and I already don't like what it's | ||
75 | |74 |00:06:56 ~-~-> 00:07:03 |doing here. It's being very stubborn, okay, and the fact that it's spending so | ||
76 | |75 |00:07:03 ~-~-> 00:07:08 |much time in an inversion fair pay gap is problematic, but because I've already | ||
77 | |76 |00:07:08 ~-~-> 00:07:12 |taken two partials, I'm just going to let it ride and see what happens. And if | ||
78 | |77 |00:07:12 ~-~-> 00:07:16 |I get stopped out, I get stopped out, if it breaks lower, then I will consider | ||
79 | |78 |00:07:16 ~-~-> 00:07:22 |moving the stop loss lower. That's what I'm thinking at that time. I | ||
80 | |79 |00:07:30 ~-~-> 00:07:34 |i already know this is problematic, but I'm going to commit to the trade and let | ||
81 | |80 |00:07:34 ~-~-> 00:07:43 |you see, even in days like this, I would, I would want to, generally hold | ||
82 | |81 |00:07:43 ~-~-> 00:07:48 |and put the stop loss just a little bit above, but I'm going to take one off | ||
83 | |82 |00:07:48 ~-~-> 00:07:52 |just to prove that this is how you might want to do this, and that way, if you | ||
84 | |83 |00:07:52 ~-~-> 00:07:56 |are likely to get stopped out, at least it's not taking the full open profit | ||
85 | |84 |00:07:56 ~-~-> 00:08:02 |before getting stopped out. So I was able to bank another contract there in | ||
86 | |85 |00:08:02 ~-~-> 00:08:05 |the event that it should pop up and get the stop loss. It's not taking two | ||
87 | |86 |00:08:05 ~-~-> 00:08:10 |contracts. It's just taking one, okay, and lower the stop down aggressively to | ||
88 | |87 |00:08:10 ~-~-> 00:08:13 |that little short term high. Because if it's going to go there, folks, then I | ||
89 | |88 |00:08:13 ~-~-> 00:08:20 |don't want to be in it any longer. So I'm facetiously posted in the telegram | ||
90 | |89 |00:08:20 ~-~-> 00:08:24 |challenge. I could actually feel my hair is turning gray today, and it's only | ||
91 | |90 |00:08:24 ~-~-> 00:08:27 |because, not because of the price action, but because of all the | ||
92 | |91 |00:08:27 ~-~-> 00:08:29 |distractions here at home. | ||
93 | |92 |00:08:34 ~-~-> 00:08:40 |So I was, I was very, very much outnumbered with all of the adversities. | ||
94 | |93 |00:08:40 ~-~-> 00:08:42 |So I kind of felt like a retail trader for the first day, | ||
95 | |94 |00:08:48 ~-~-> 00:08:52 |and there I am getting stopped out. So I'll show you the executions right | ||
96 | |95 |00:08:52 ~-~-> 00:08:58 |there. And just in case somebody wants to ask about that chart over there, it's | ||
97 | |96 |00:08:58 ~-~-> 00:09:02 |the same stuff over there. I hope you found insightful till next time be safe. | ||
98 | |97 |00:09:02 ~-~-> 00:09:02 |You. |