Wiki source code of ICT YT - 2025-02-14 - 2025 Lecture Series - NQ Live Execution Using Analysis - Shared In Telegram 02-13-2025
Last modified by Drunk Monkey on 2025-04-03 12:11
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| 1 | (% class="hover min" %) | ||
| 2 | |1 |00:00:12 ~-~-> 00:00:15 |ICT: Welcome back, folks. All right, so if you're wondering where I've been, | ||
| 3 | |2 |00:00:15 ~-~-> 00:00:21 |obviously I'm human. I'm not AI. So I have been married to a lovely woman | ||
| 4 | |3 |00:00:22 ~-~-> 00:00:28 |since 2001 and we are celebrating our 24th anniversary together tomorrow on | ||
| 5 | |4 |00:00:28 ~-~-> 00:00:34 |Valentine's Day. So we are sharing time with one another. And I've not been able | ||
| 6 | |5 |00:00:34 ~-~-> 00:00:39 |to spend much time with the charts, but today, I felt we were going to likely | ||
| 7 | |6 |00:00:39 ~-~-> 00:00:44 |draw up into some buy side. And I want to remind you all that I covered this in | ||
| 8 | |7 |00:00:45 ~-~-> 00:00:52 |video, and I've covered it inside of, obviously, the telegram channel I | ||
| 9 | |8 |00:00:52 ~-~-> 00:00:58 |mentioned in the shotgun Saturday last week. Believe it was we were in this | ||
| 10 | |9 |00:00:58 ~-~-> 00:01:03 |large consolidation on daily chart for NQ. And I mentioned that I didn't | ||
| 11 | |10 |00:01:03 ~-~-> 00:01:08 |believe we were done yet. And this would be a draw on liquidity. These highs | ||
| 12 | |11 |00:01:08 ~-~-> 00:01:17 |here, December 26 of, 2024 and the high at January 22 2025, so right above that | ||
| 13 | |12 |00:01:17 ~-~-> 00:01:25 |big buy side liquidity. And we saw how price, not easily, not one shot, but | ||
| 14 | |13 |00:01:25 ~-~-> 00:01:29 |eventually gravitated towards that level here. Okay, so we worked inside of this | ||
| 15 | |14 |00:01:29 ~-~-> 00:01:38 |inefficiency for a little while between here and here, and I handle that as a | ||
| 16 | |15 |00:01:38 ~-~-> 00:01:43 |volume imbalance, and you can see all of that business being supported there and | ||
| 17 | |16 |00:01:43 ~-~-> 00:01:48 |eventually pumping it up into here. Now the remaining portion of south side of | ||
| 18 | |17 |00:01:48 ~-~-> 00:01:53 |balance by side and efficiency is in this area between this candle high and | ||
| 19 | |18 |00:01:53 ~-~-> 00:02:01 |that candles low. So your chart would have this area annotated right there. | ||
| 20 | |19 |00:02:02 ~-~-> 00:02:06 |Okay, so that's what you'd be looking for. So that's the only portion above | ||
| 21 | |20 |00:02:07 ~-~-> 00:02:10 |these relative equal highs that's inefficient. And then we have the old | ||
| 22 | |21 |00:02:10 ~-~-> 00:02:17 |high here. Okay, so I believe that it's possible that we'll eventually make a | ||
| 23 | |22 |00:02:17 ~-~-> 00:02:22 |new all time high, but we're just going to be content with this for one week. | ||
| 24 | |23 |00:02:22 ~-~-> 00:02:33 |I'm certainly content. So let's go over to the lower time frames, and I'll show | ||
| 25 | |24 |00:02:33 ~-~-> 00:02:37 |you what I did today. And some of you are actually going to be angry. Okay, I | ||
| 26 | |25 |00:02:37 ~-~-> 00:02:41 |can already anticipate this. You're like, why didn't you share this with us | ||
| 27 | |26 |00:02:41 ~-~-> 00:02:48 |in the telegram channel? Well, frankly, I am on my personal time, and while my | ||
| 28 | |27 |00:02:48 ~-~-> 00:02:51 |wife has her little coffee breaks and whatnot from whatever we're doing for | ||
| 29 | |28 |00:02:51 ~-~-> 00:02:58 |that day, I take the liberty of just going in and doing what I want to do. | ||
| 30 | |29 |00:02:59 ~-~-> 00:03:05 |And when her time ends with her personal schedule where she wants to now go out | ||
| 31 | |30 |00:03:05 ~-~-> 00:03:10 |and about. I have to go and accompany her as her husband after we're together, | ||
| 32 | |31 |00:03:10 ~-~-> 00:03:15 |right? So this morning I had the opportunity to do that, and I will now | ||
| 33 | |32 |00:03:15 ~-~-> 00:03:20 |show you those executions with everything in line with what I gave you | ||
| 34 | |33 |00:03:20 ~-~-> 00:03:24 |as a draw on liquidity and where we were likely to go in and queue. So take a | ||
| 35 | |34 |00:03:24 ~-~-> 00:03:32 |look at it now. Bye, folks. So we're looking at a long entry in here. I'm | ||
| 36 | |35 |00:03:32 ~-~-> 00:03:38 |going to be placing my stop loss right below the most recent one minute | ||
| 37 | |36 |00:03:38 ~-~-> 00:03:47 |candlestick low, which I believe this is a pair of inerrant wicks. So in other | ||
| 38 | |37 |00:03:47 ~-~-> 00:03:54 |words, just trading outside of the 645, minute Wednesday Asian session, bison | ||
| 39 | |38 |00:03:54 ~-~-> 00:04:01 |about cell sign efficiency. That's what that little upper blue box is, and the | ||
| 40 | |39 |00:04:01 ~-~-> 00:04:05 |stop loss is very, very tight. I'm adding more to it there, because I don't | ||
| 41 | |40 |00:04:05 ~-~-> 00:04:11 |believe we're going to go any lower. So these are basically like Mohawks. I call | ||
| 42 | |41 |00:04:11 ~-~-> 00:04:15 |it when it just colors outside the lines. And I'm expecting price to run up | ||
| 43 | |42 |00:04:15 ~-~-> 00:04:19 |to that minor buy side liquidity. There's relative equal highs, and then | ||
| 44 | |43 |00:04:19 ~-~-> 00:04:28 |credit towards the 21,006 98 level. First potential fair value gap that's | ||
| 45 | |44 |00:04:28 ~-~-> 00:04:33 |being shown here, that is the first inefficiency after the PPI producer | ||
| 46 | |45 |00:04:33 ~-~-> 00:04:41 |price index number. So I'm framing that as a point of interest for me to pay | ||
| 47 | |46 |00:04:41 ~-~-> 00:04:46 |attention to should I get stopped out I might have to use that information to re | ||
| 48 | |47 |00:04:46 ~-~-> 00:04:50 |enter if I choose to do so, I'll keep adding and building position here using | ||
| 49 | |48 |00:04:50 ~-~-> 00:04:58 |the low that 645, minute Asian session from Wednesday, and I want to see price | ||
| 50 | |49 |00:04:58 ~-~-> 00:05:00 |really try to make an attempt to get about. Of the | ||
| 51 | |50 |00:05:05 ~-~-> 00:05:07 |21,008 80 level I, | ||
| 52 | |51 |00:05:24 ~-~-> 00:05:29 |I'm speeding the video up, by the way, so the total time of recording for the | ||
| 53 | |52 |00:05:29 ~-~-> 00:05:34 |trade executions you're going to witness was a little over one hour. So I've | ||
| 54 | |53 |00:05:34 ~-~-> 00:05:42 |condensed it down to a quarter of that amount of time. Essentially, there | ||
| 55 | |54 |00:05:42 ~-~-> 00:05:53 |belts. Okay, so I want to see it leave that lower half of that inefficiency | ||
| 56 | |55 |00:05:53 ~-~-> 00:05:59 |that's shown here, then gravitate towards the upper half and not return | ||
| 57 | |56 |00:05:59 ~-~-> 00:06:04 |back down the lower half that would be ideal. Our optimal trade levels would be | ||
| 58 | |57 |00:06:04 ~-~-> 00:06:06 |the run to minor buy side liquidity. I | ||
| 59 | |58 |00:06:13 ~-~-> 00:06:18 |don't want to build anything larger than 15 contracts, just as a means of | ||
| 60 | |59 |00:06:18 ~-~-> 00:06:21 |illustrating what many of you have available to you when you're trading | ||
| 61 | |60 |00:06:21 ~-~-> 00:06:25 |these prop accounts. That's reasonable for it to come up to the top of that | ||
| 62 | |61 |00:06:25 ~-~-> 00:06:29 |inefficiency and then come right back down to consequent encroachment. I don't | ||
| 63 | |62 |00:06:29 ~-~-> 00:06:35 |want to see it trade to the outside, lower edge of that blue shaded ine right | ||
| 64 | |63 |00:06:35 ~-~-> 00:06:41 |now. Again, at the sake of sounding repetitive and annoying, it's based on | ||
| 65 | |64 |00:06:41 ~-~-> 00:06:48 |five minute chart for NQ for Wednesday's Asian session at 640 include the volume | ||
| 66 | |65 |00:06:48 ~-~-> 00:06:50 |of balances, and you'll see what I'm showing you here. You | ||
| 67 | |66 |00:07:15 ~-~-> 00:07:20 |Well, if I hadn't already accumulated the 15 contracts position that I have | ||
| 68 | |67 |00:07:20 ~-~-> 00:07:26 |now, I'd be looking to add one there, right there. All it is is coloring | ||
| 69 | |68 |00:07:26 ~-~-> 00:07:30 |outside the lines. There's no reason for me to be worried. I'm gonna extend it | ||
| 70 | |69 |00:07:30 ~-~-> 00:07:35 |out so you can track how it respects what the bodies inside that range, what | ||
| 71 | |70 |00:07:35 ~-~-> 00:07:44 |the wicks are allowed to do to damage. And my stop loss is below. I'm if I | ||
| 72 | |71 |00:07:44 ~-~-> 00:07:49 |hadn't taken along earlier, when I said I would have this is also where I would | ||
| 73 | |72 |00:07:49 ~-~-> 00:07:55 |actually enter along. It's wonderful area to be going long on, and I would | ||
| 74 | |73 |00:07:55 ~-~-> 00:08:00 |use that wick in the previous candle, low one on, tick below that, that would | ||
| 75 | |74 |00:08:00 ~-~-> 00:08:06 |be my stop loss. That still would be fine, right? There. Looks scary, doesn't | ||
| 76 | |75 |00:08:06 ~-~-> 00:08:18 |it looks scary, but isn't scary. All right, that's what I'm looking for. That | ||
| 77 | |76 |00:08:18 ~-~-> 00:08:23 |type of indication that once the break above, then take in consideration that | ||
| 78 | |77 |00:08:23 ~-~-> 00:08:29 |minor buy side liquidity opening bell. There we go. So let's take something off | ||
| 79 | |78 |00:08:29 ~-~-> 00:08:35 |there and take away the risk. So now costs are covered. First partial has | ||
| 80 | |79 |00:08:35 ~-~-> 00:08:42 |been banked. I want to see the bodies close above those relative equal highs. | ||
| 81 | |80 |00:08:42 ~-~-> 00:08:51 |I don't want to see how you can see the execution, I apologize. So now I want to | ||
| 82 | |81 |00:08:51 ~-~-> 00:08:57 |see it run up into that 21,009, 68 again, that level was shared with the | ||
| 83 | |82 |00:08:57 ~-~-> 00:09:07 |telegram channel before the fact. I I'll resume later next week, Wednesday of | ||
| 84 | |83 |00:09:07 ~-~-> 00:09:11 |next week, I'll go back to going in a telegram channel, calling minute by | ||
| 85 | |84 |00:09:11 ~-~-> 00:09:15 |minute, candlestick commentary. But it's hard to do that when you're married and | ||
| 86 | |85 |00:09:15 ~-~-> 00:09:23 |you're on your anniversary, right? Okay, and this is the first presented fair | ||
| 87 | |86 |00:09:23 ~-~-> 00:09:31 |value gap from the opening range differences you're probably wondering. | ||
| 88 | |87 |00:09:31 ~-~-> 00:09:38 |Let me take another partial off here. Want to raise a stop up, because ppi, | ||
| 89 | |88 |00:09:38 ~-~-> 00:09:43 |there's like a CPI number. They can do a lot of head fakes. They can shoot this | ||
| 90 | |89 |00:09:43 ~-~-> 00:09:48 |thing up and give me my limit learn and I'm done for the day. Or it can drop | ||
| 91 | |90 |00:09:48 ~-~-> 00:09:52 |down and stop me out and force me to take additional entries to get that | ||
| 92 | |91 |00:09:52 ~-~-> 00:09:57 |target. So I'm I'm electing to be a little bit more conservative. I've taken | ||
| 93 | |92 |00:09:57 ~-~-> 00:10:02 |two partials. Stop has been raised to half of. The first percent of everybody | ||
| 94 | |93 |00:10:02 ~-~-> 00:10:09 |got in the opening range. If it comes down, stops me, then I have to reassess | ||
| 95 | |94 |00:10:09 ~-~-> 00:10:14 |and see what I want to do. But I'm holding for 21, 968, to deliver the | ||
| 96 | |95 |00:10:17 ~-~-> 00:10:20 |first presents of everybody got the lower one. That's simply the first | ||
| 97 | |96 |00:10:20 ~-~-> 00:10:26 |inefficiency after the PPI number and then opening range per sensor pay cut, | ||
| 98 | |97 |00:10:27 ~-~-> 00:10:36 |as noted here. I'm not so much interested in the 645 minute bicycle | ||
| 99 | |98 |00:10:36 ~-~-> 00:10:41 |sign efficiency from Wednesday's Asian session. So while it's on my chart right | ||
| 100 | |99 |00:10:41 ~-~-> 00:10:46 |now, I'm more interested in seeing how the opening range first presents a fair | ||
| 101 | |100 |00:10:46 ~-~-> 00:10:53 |value gap. I just got stopped out in in the positive. It wasn't a loss. But I | ||
| 102 | |101 |00:10:53 ~-~-> 00:10:59 |want to see, how would you respect that first presented fair value gap, which is | ||
| 103 | |102 |00:10:59 ~-~-> 00:11:06 |the post PPI number. And we're also trading right now at the middle of | ||
| 104 | |103 |00:11:06 ~-~-> 00:11:10 |showing the executions here that right there is trading in the middle of the | ||
| 105 | |104 |00:11:10 ~-~-> 00:11:13 |daily volume imbalance I showed you at the beginning of the video. So right | ||
| 106 | |105 |00:11:13 ~-~-> 00:11:18 |there I'm going long on that basis. And it's also based on I'm inside of the | ||
| 107 | |106 |00:11:18 ~-~-> 00:11:21 |first inefficiency after the PPI number. So I have two things going from a higher | ||
| 108 | |107 |00:11:21 ~-~-> 00:11:25 |Time Frame, volume and balance. And balance on the daily and that first | ||
| 109 | |108 |00:11:25 ~-~-> 00:11:28 |inefficiency, or first resistance, fair value gap, I set a balance. I'll set an | ||
| 110 | |109 |00:11:28 ~-~-> 00:11:33 |efficiency after the PPI number released. So I'm building another | ||
| 111 | |110 |00:11:33 ~-~-> 00:11:38 |position in here, and now I'm showing you the actual opening range gap. Okay, | ||
| 112 | |111 |00:11:38 ~-~-> 00:11:45 |so now I'm interested in only interested in seeing it stay in the upper half, or | ||
| 113 | |112 |00:11:45 ~-~-> 00:11:50 |using the high of that green box. So I'm still interested in going up into that | ||
| 114 | |113 |00:11:50 ~-~-> 00:11:56 |21,009 68 I believe this was just to wash out anyone that was long. I put a | ||
| 115 | |114 |00:11:56 ~-~-> 00:12:02 |lot of people on to that 21,009 68 and I think that there's a lot of interest | ||
| 116 | |115 |00:12:02 ~-~-> 00:12:05 |that was wanting to sell above that price. So that's why we had that big, | ||
| 117 | |116 |00:12:06 ~-~-> 00:12:10 |you know, rug pool, dropping it down. So right now, it's a little harder for them | ||
| 118 | |117 |00:12:10 ~-~-> 00:12:15 |to want to be long. I'm long. Have risk in my stop right now, but I want to see | ||
| 119 | |118 |00:12:15 ~-~-> 00:12:22 |how we trade above the opening range gap. I'm sorry, opening range first | ||
| 120 | |119 |00:12:22 ~-~-> 00:12:27 |visits for bed at the area we're trading in right now, I want to see it leave | ||
| 121 | |120 |00:12:27 ~-~-> 00:12:30 |aggressively on the upside, and I want to see the bodies remain on the outside | ||
| 122 | |121 |00:12:31 ~-~-> 00:12:36 |above it. So I just removed the risk in this in the trade. So cover costs a | ||
| 123 | |122 |00:12:36 ~-~-> 00:12:39 |little bit more pizza money in my pocket. I | ||
| 124 | |123 |00:12:46 ~-~-> 00:12:50 |Okay, so we've moved outside, but the bodies have stayed inside, so that's a | ||
| 125 | |124 |00:12:50 ~-~-> 00:12:59 |little bit problematic, and I already know I'm likely to get stopped out on | ||
| 126 | |125 |00:12:59 ~-~-> 00:13:04 |this one here, but I'll be more inclined to re enter. Okay, so now I'm looking at | ||
| 127 | |126 |00:13:05 ~-~-> 00:13:14 |that upper portion, or upper quadrant of the opening range gap, and I'm looking | ||
| 128 | |127 |00:13:14 ~-~-> 00:13:19 |at the range between that and the 21,009 68 and I'm trying to determine what | ||
| 129 | |128 |00:13:19 ~-~-> 00:13:23 |position size I want to build on now. So I'll start with three. I'm long there | ||
| 130 | |129 |00:13:23 ~-~-> 00:13:28 |using the opening range gap high as a discount array. And now I want to put my | ||
| 131 | |130 |00:13:28 ~-~-> 00:13:34 |stop loss below the upper quadrant, but also lower than the high of that first | ||
| 132 | |131 |00:13:34 ~-~-> 00:13:36 |buy side and balance cell sign efficiency, or first presented fair | ||
| 133 | |132 |00:13:36 ~-~-> 00:13:39 |value gap. After the PPI number released, I | ||
| 134 | |133 |00:13:47 ~-~-> 00:13:51 |I'm watching the opening range gap. I'm sorry, the opening range presented pure | ||
| 135 | |134 |00:13:51 ~-~-> 00:13:56 |value gap the upper blue box. And I'm interested in building longs at the low | ||
| 136 | |135 |00:13:56 ~-~-> 00:14:01 |of that and also the high of the opening range gap in green. So in between those | ||
| 137 | |136 |00:14:01 ~-~-> 00:14:06 |two levels, I'm real comfortable with adding and building it on that try to | ||
| 138 | |137 |00:14:06 ~-~-> 00:14:12 |get it run up into that 21,009, 68, level. I believe it can go higher into | ||
| 139 | |138 |00:14:12 ~-~-> 00:14:18 |what I was suggesting in the shop on Saturday, but I don't have the time to | ||
| 140 | |139 |00:14:18 ~-~-> 00:14:24 |devote to babysitting it, so I'm going to have to just be diligent to work | ||
| 141 | |140 |00:14:24 ~-~-> 00:14:28 |towards that 21,009, 68, level, and I don't have any way of monitoring it, | ||
| 142 | |141 |00:14:28 ~-~-> 00:14:33 |because I'll be with my wife the whole day. So I have to do what I can do | ||
| 143 | |142 |00:14:33 ~-~-> 00:14:37 |inside this short period of time, namely, before 1030 I'm | ||
| 144 | |143 |00:14:44 ~-~-> 00:14:47 |we're working in consequent crochet of the opening range, first presented fair | ||
| 145 | |144 |00:14:47 ~-~-> 00:14:53 |value gap. Again, that's just the full detailed name of the first presented | ||
| 146 | |145 |00:14:53 ~-~-> 00:14:58 |fairba gap. I teach you that can't be 930 but can be as early as 931 Eastern | ||
| 147 | |146 |00:14:58 ~-~-> 00:14:58 |time. I. | ||
| 148 | |147 |00:15:05 ~-~-> 00:15:11 |All right. So now we've moved a little bit further then I wanted to. I wanted | ||
| 149 | |148 |00:15:11 ~-~-> 00:15:15 |to get it one more tap into the opening range first, but as if everybody got | ||
| 150 | |149 |00:15:15 ~-~-> 00:15:19 |below, I wanted to add more to it, but it ran away without me. So I'm just | ||
| 151 | |150 |00:15:19 ~-~-> 00:15:21 |gonna have the babysit. What I have here? | ||
| 152 | |151 |00:15:30 ~-~-> 00:15:35 |Okay, raise the stop up. So now I have the stop at the middle or consequence | ||
| 153 | |152 |00:15:35 ~-~-> 00:15:40 |encroachment of the first presentive hair value gap that occurs between 931 | ||
| 154 | |153 |00:15:42 ~-~-> 00:15:52 |and 10 o'clock, always Eastern time. Now, immediately, I'm I'm looking at | ||
| 155 | |154 |00:15:52 ~-~-> 00:15:58 |this thinking that it should run aggressively up to 21,009, 68, because | ||
| 156 | |155 |00:15:58 ~-~-> 00:16:02 |it won't allow anyone to be on board, because there's not going to be | ||
| 157 | |156 |00:16:02 ~-~-> 00:16:06 |significant retracements. So it'll run out a new higher high and then run to | ||
| 158 | |157 |00:16:06 ~-~-> 00:16:12 |21,009, 68 that's what I'm expecting. Okay, I'm actually talking to Matt | ||
| 159 | |158 |00:16:12 ~-~-> 00:16:16 |Miller. Trades by Matt in text at this time, I'm telling him that I think's | ||
| 160 | |159 |00:16:16 ~-~-> 00:16:22 |going to happen here. Why is this guy, Matt, getting all the, the special | ||
| 161 | |160 |00:16:22 ~-~-> 00:16:27 |treatment, because he's a nice guy. I like him, and I can pick friends whoever | ||
| 162 | |161 |00:16:27 ~-~-> 00:16:31 |I want to be friends with, so don't be judging. And that's what I was looking | ||
| 163 | |162 |00:16:31 ~-~-> 00:16:38 |for. And I texted myself just like that, but it falls short of the 21,009 68 and | ||
| 164 | |163 |00:16:39 ~-~-> 00:16:43 |I want to take something off here, but it's only three contracts, so if it | ||
| 165 | |164 |00:16:43 ~-~-> 00:16:49 |comes back down and trades into my PDA raise again, then I'll have to just | ||
| 166 | |165 |00:16:50 ~-~-> 00:16:57 |resign myself to just simply taking another trade. But if I can be honest | ||
| 167 | |166 |00:16:57 ~-~-> 00:17:01 |with you, I wish I was taking at least one contract off when we made the higher | ||
| 168 | |167 |00:17:01 ~-~-> 00:17:08 |high on the day, okay? And now I'm thinking to myself, I'm going to take | ||
| 169 | |168 |00:17:08 ~-~-> 00:17:11 |two off because I think it's going to run higher, maybe it might run higher, | ||
| 170 | |169 |00:17:12 ~-~-> 00:17:17 |and I'll keep one contract on and limit it out with two and let it run and see, | ||
| 171 | |170 |00:17:17 ~-~-> 00:17:18 |see how much juice I can get at this lemon I'm | ||
| 172 | |171 |00:17:26 ~-~-> 00:17:32 |volatility today and this week has been off the charts. No pun intended. That's | ||
| 173 | |172 |00:17:32 ~-~-> 00:17:36 |not what I wanted to see, but it comes back and stops me in the positive again. | ||
| 174 | |173 |00:17:36 ~-~-> 00:17:40 |So I'm looking at that. Okay, it was a sweep above, I'm sorry, below the | ||
| 175 | |174 |00:17:40 ~-~-> 00:17:44 |opening range gap, or opening range, first percent everybody gap. So I'm | ||
| 176 | |175 |00:17:44 ~-~-> 00:17:49 |going long on the basis of the high of the opening range, or open open range, | ||
| 177 | |176 |00:17:51 ~-~-> 00:17:58 |first percent of everybody gap. And right there's a good entry there using | ||
| 178 | |177 |00:17:58 ~-~-> 00:18:02 |the high of it that blue box. And that's even better there. So adding more great | ||
| 179 | |178 |00:18:02 ~-~-> 00:18:06 |consequent encroachment, I don't believe we're going to sweep the low of that | ||
| 180 | |179 |00:18:06 ~-~-> 00:18:09 |again, because we've already colored Outside the Lines once before. That | ||
| 181 | |180 |00:18:09 ~-~-> 00:18:15 |stopped me out, and now I'm just going to anticipate that run up into 21,009, | ||
| 182 | |181 |00:18:16 ~-~-> 00:18:22 |68, most individuals wouldn't see this market structure. If I took everything | ||
| 183 | |182 |00:18:22 ~-~-> 00:18:26 |off the chart and just had a naked chart, nobody would really in the retail | ||
| 184 | |183 |00:18:26 ~-~-> 00:18:30 |space. Would really feel comfortable going along here. And that's what makes | ||
| 185 | |184 |00:18:30 ~-~-> 00:18:34 |the setup even stronger, because knowing the draw on liquidity, they're just | ||
| 186 | |185 |00:18:34 ~-~-> 00:18:38 |being really ruthless about not letting because I put a lot of people on 21,009 | ||
| 187 | |186 |00:18:38 ~-~-> 00:18:42 |68 so there's everybody that's long or has been paying attention to me, they | ||
| 188 | |187 |00:18:42 ~-~-> 00:18:46 |all want to get out at that level or just above it, and that's why you're | ||
| 189 | |188 |00:18:46 ~-~-> 00:18:51 |seeing this stuff. Oh, it sounds very narcissistic. It is what it is. | ||
| 190 | |189 |00:19:02 ~-~-> 00:19:07 |Okay? I like where it's at here, and now I want to see it start breaking | ||
| 191 | |190 |00:19:07 ~-~-> 00:19:12 |aggressively towards that 21,009, 68 no significant drops from here. That's | ||
| 192 | |191 |00:19:12 ~-~-> 00:19:13 |what's optimal or ideal. | ||
| 193 | |192 |00:19:19 ~-~-> 00:19:27 |My eyes watching that recent, quick high. I want to see how we gravitate | ||
| 194 | |193 |00:19:27 ~-~-> 00:19:31 |towards that. If it's aggressive, then I'm going to want to move my stop loss | ||
| 195 | |194 |00:19:31 ~-~-> 00:19:35 |and remove the risk, because it's too close to my target. And I don't want to | ||
| 196 | |195 |00:19:35 ~-~-> 00:19:39 |see a trade get close to my target and then come back and put me into a losing | ||
| 197 | |196 |00:19:39 ~-~-> 00:19:44 |trade that never should ever happen to any of you. All right, so we broke that, | ||
| 198 | |197 |00:19:44 ~-~-> 00:19:49 |and it means the next rip higher would take us to the previous highest high of | ||
| 199 | |198 |00:19:49 ~-~-> 00:19:53 |the day, and just above that is my target. So because we're in close | ||
| 200 | |199 |00:19:53 ~-~-> 00:19:59 |proximity of those two specific price levels or particular prices, I'm not | ||
| 201 | |200 |00:19:59 ~-~-> 00:20:03 |one. To hold the risk. So now I'm putting myself in a situation where now | ||
| 202 | |201 |00:20:03 ~-~-> 00:20:07 |I'm going to be able to profit handsomely if, even if I'm wrong, it | ||
| 203 | |202 |00:20:07 ~-~-> 00:20:13 |doesn't want to go up there, at least I'll come out with a nice dime or so. | ||
| 204 | |203 |00:20:18 ~-~-> 00:20:22 |Now all of these trades could be taken by someone that uses these Prop funds | ||
| 205 | |204 |00:20:22 ~-~-> 00:20:24 |and 15 contract maximum. | ||
| 206 | |205 |00:20:26 ~-~-> 00:20:32 |And if that's the case, there's the limit order. I'll show you the | ||
| 207 | |206 |00:20:32 ~-~-> 00:20:33 |executions. My | ||
| 208 | |207 |00:20:35 ~-~-> 00:20:39 |wife just gave me the hairy eye, meaning I gotta get out of here. Nice | ||
| 209 | |208 |00:20:39 ~-~-> 00:20:45 |executions, and that's a $33,000 day over 20 contracts. That's a retirement | ||
| 210 | |209 |00:20:45 ~-~-> 00:20:46 |do. |