1 | 00:00:16 --> 00:00:21 | ICT: My folks, all right, this is a New York launch macro trade and cover all |
2 | 00:00:21 --> 00:00:26 | the details as we go. I'm going along here also on an immediate rebalance, so |
3 | 00:00:26 --> 00:00:35 | you can see how that came down, closed in, and annotating the buy side of |
4 | 00:00:35 --> 00:00:41 | balance, cell sign efficiency. And we're inside of the 1050, 1110, macro. And |
5 | 00:00:41 --> 00:00:48 | that is the high I'm aiming for, okay, and I'll tell you why as we go along. So |
6 | 00:00:48 --> 00:00:51 | I want to see price stay in the upper half of that blue shaded area. I'm |
7 | 00:00:52 --> 00:00:58 | bringing the stop loss up, because if it goes down there, I'm wrong. All right, |
8 | 00:00:58 --> 00:01:03 | so we have the top of that blue box right there. That would be a wonderful |
9 | 00:01:03 --> 00:01:08 | area to add, but this position is too big for any more additions, because of |
10 | 00:01:08 --> 00:01:14 | the volatility today. It's extremely volatile, very, very fast market. I was |
11 | 00:01:14 --> 00:01:21 | not able to be with you all today because of some rules. Obviously, |
12 | 00:01:22 --> 00:01:26 | whenever we have a large down day the very next trading day, I usually try to |
13 | 00:01:26 --> 00:01:33 | avoid the morning session. And it didn't really give me a first presented fair |
14 | 00:01:33 --> 00:01:39 | value gap set up this morning. So that's the launch macro buy side liquidity I'm |
15 | 00:01:39 --> 00:01:45 | aiming for. And I'll tell you why in just a few minutes, as to why I'm |
16 | 00:01:45 --> 00:01:48 | selecting that high, because there's rules to it. And this is another |
17 | 00:01:49 --> 00:01:52 | inversion fair value gap that I believe that once price gets above it, it should |
18 | 00:01:52 --> 00:01:58 | support price and then run up into that lunch macro, buy, sell, liquidity pool. |
19 | 00:01:59 --> 00:02:02 | Notice the blue shaded area I was entering on the candle that came right |
20 | 00:02:02 --> 00:02:07 | back down to the low of it, and creating an immediate rebalance. That means the |
21 | 00:02:07 --> 00:02:13 | candlestick prior to the bullish candle I was trading long in the retracement of |
22 | 00:02:15 --> 00:02:21 | it touched its previous candle, and it's also the low of the previous spot side, |
23 | 00:02:21 --> 00:02:27 | about sell side efficiency. So what I'm watching here is, does the market want |
24 | 00:02:27 --> 00:02:32 | to stay inside of the previous candles? Wick, which is ideal and optimal? |
25 | 00:02:34 --> 00:02:38 | Anything above that inversion fair value gap in orange should set the stage for |
26 | 00:02:38 --> 00:02:43 | another run up into that 10 o'clock hour high |
27 | 00:02:50 --> 00:02:53 | and see how those candlesticks are basically the same low. |
28 | 00:02:58 --> 00:03:02 | And we just swipe it a little bit. So now I want to see it really aggressively |
29 | 00:03:02 --> 00:03:09 | run higher. No need for it to trade back down into that bullish survey gap in the |
30 | 00:03:09 --> 00:03:16 | form of that blue shaded box it's acting when I entered as a reclaimed busy buy. |
31 | 00:03:16 --> 00:03:17 | Some about cell sign efficiency. You |
32 | 00:03:33 --> 00:03:40 | all right, so let's see if we can vault above the inversion here by you go, the |
33 | 00:03:43 --> 00:03:51 | market basically just fell out of bed this morning. In all honesty, I'm glad |
34 | 00:03:51 --> 00:03:55 | that I wasn't with you, because in the comment section, I'm seeing a lot of |
35 | 00:03:55 --> 00:03:59 | folks reporting that they're making profitable trades using the tape reading |
36 | 00:03:59 --> 00:04:04 | and the opinions and commentary that I give in the telegram channel, and that's |
37 | 00:04:04 --> 00:04:08 | what you don't want to be doing if you don't want to be doing that. And today |
38 | 00:04:08 --> 00:04:15 | was so fast that even if I was giving any kind of opinion, I'm quite certain |
39 | 00:04:15 --> 00:04:18 | some women probably would have hurt themselves, because it was just it was |
40 | 00:04:18 --> 00:04:25 | violently fast, unforgiving. Just kept breaking lower, lower, lower. Which begs |
41 | 00:04:25 --> 00:04:28 | the question is, why do I feel and why did I feel that it was warranted to take |
42 | 00:04:28 --> 00:04:36 | along here? Because we had traded all the way down to the low of the morning |
43 | 00:04:38 --> 00:04:44 | just after 10 o'clock, and then at 1030 we had basically had one hour trading. |
44 | 00:04:44 --> 00:04:48 | So that's the one hour dealing range. And when it's been no here we are |
45 | 00:04:49 --> 00:04:53 | trading about the inversion period. So we want to see it trade above it, break |
46 | 00:04:53 --> 00:04:57 | above it, and then come back down and retest it. And once it tests it, we want |
47 | 00:04:57 --> 00:05:02 | to see it stay away from the lower half of it. So. But that first hour is |
48 | 00:05:02 --> 00:05:06 | trading that dealing range when there's been no real retracements on buy side. |
49 | 00:05:07 --> 00:05:13 | That's usually a very, very strong setup for my lunch macro, where basically this |
50 | 00:05:13 --> 00:05:18 | retraces into a key high or low. And I'll tell you the rules for it that way. |
51 | 00:05:18 --> 00:05:25 | You know, just let's pin, Let's pan out through this setup with each individual |
52 | 00:05:25 --> 00:05:29 | candlestick. Okay, so we came down now we left that inversion fair value gap. |
53 | 00:05:29 --> 00:05:32 | So then we don't ever want to see it come back down in and trade to the lower |
54 | 00:05:32 --> 00:05:38 | half of it. It can come back down and touch it again, but it's beneficial for |
55 | 00:05:38 --> 00:05:39 | us. If it doesn't do it, you |
56 | 00:05:44 --> 00:05:48 | trading back down to a buy side of valence on efficiency. We're busy. You. |
57 | 00:06:06 --> 00:06:10 | Okay, so see how it traded down into the half of that inversion fair value gap. |
58 | 00:06:10 --> 00:06:14 | We don't want to see it trade to the lower end of it now. So whenever you're |
59 | 00:06:14 --> 00:06:18 | trading my inversion, fair value gap, PD array, you're looking for that |
60 | 00:06:18 --> 00:06:23 | characteristic. You're looking for it to behave and perform that way, and if it |
61 | 00:06:23 --> 00:06:27 | does that, your probabilities and odds in your favor go astronomically higher. |
62 | 00:06:27 --> 00:06:31 | Doesn't mean it's a perfect trade. It doesn't mean you're not going to have a |
63 | 00:06:31 --> 00:06:36 | losing trade eventually, but that's the rules I use and I employ with teaching |
64 | 00:06:36 --> 00:06:44 | it. And what you see me doing in my examples, I'm alright. So this looks |
65 | 00:06:44 --> 00:06:48 | really good for a run up into that lunch macro by sound liquidity pool. |
66 | 00:06:54 --> 00:06:58 | Like to see some of that stay open on the previous candle. We don't see that |
67 | 00:06:58 --> 00:07:01 | and completely re overlap that. |
68 | 00:07:06 --> 00:07:17 | Oh, nice, very, very nice, almost like I know what I doing, standby for a random |
69 | 00:07:17 --> 00:07:25 | act of precision, and there's there she is. All right, so that's probably |
70 | 00:07:25 --> 00:07:30 | random, so let's take a look at why I picked that that high here. Okay, we saw |
71 | 00:07:30 --> 00:07:35 | the market trade lower, obviously, and really no run on buy side. So what I'm |
72 | 00:07:35 --> 00:07:39 | showing here is I'm going to take it back to 10 o'clock, because that's the |
73 | 00:07:39 --> 00:07:44 | end of the first 30 minutes of trading. So that's your opening range. So that |
74 | 00:07:44 --> 00:07:49 | high that forms after 10 o'clock, up to this level, here are reasonable targets |
75 | 00:07:49 --> 00:07:55 | for the launch macro. So it's the high that forms after 10 o'clock, when you're |
76 | 00:07:55 --> 00:08:01 | selling short for the day or targeting it and reverse it for markets have been |
77 | 00:08:01 --> 00:08:03 | really higher. There's all my executions. Hope you found it |
78 | 00:08:03 --> 00:08:06 | insightful. I'll talk to you next time. Be safe. Bye. |