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ICT YT - 2025-02-25 - 2025 Lecture Series - NY Lunch Macro Rules and PM Session and Final RTH Hour Of Trading 02-24-2025

Last modified by Drunk Monkey on 2025-04-03 12:12
1 00:00:20 --> 00:00:42 ICT: Hey, welcome back, folks. So we're gonna be looking at the New York lunch
2 00:00:42 --> 00:00:45 macro and the pm session.
3 00:00:51 --> 00:00:55 So one of the things I wanted to cover this year in the 2025 Lecture Series is
4 00:00:55 --> 00:01:03 I wanted to show how using the intraday profiles of how the high, the low, where
5 00:01:03 --> 00:01:11 the open and close, nest in that daily range, and the effects of that and this
6 00:01:11 --> 00:01:19 morning following rules, obviously, after a very large down day on Friday, I
7 00:01:19 --> 00:01:24 teach my students to avoid the morning session. Okay, so try to avoid that
8 00:01:24 --> 00:01:30 initial price action, because it could be problematic. It could be stagnant, it
9 00:01:30 --> 00:01:35 could be difficult, it could be very hard to navigate. And sometimes you'll
10 00:01:35 --> 00:01:41 get days like this where it just opens up, and then you can see, obviously
11 00:01:42 --> 00:01:45 lower right hand corner. Here, it's regular trading hours. That's the
12 00:01:45 --> 00:01:51 setting on my chart for nq, h2, 025, notice the relative equal highs here.
13 00:01:52 --> 00:01:58 The market opens runs up above that clears that out. That's the opening
14 00:01:58 --> 00:02:04 range gap high in the previous earlier trading hours. Settlement price is this,
15 00:02:04 --> 00:02:11 candlesticks close, which is the opening range gap low for today. So the market
16 00:02:11 --> 00:02:19 opens trades higher, goes back down into the gap. So we have a 50% retracement to
17 00:02:19 --> 00:02:24 the middle of that opening range gap, that's always a 70% likelihood. Then the
18 00:02:24 --> 00:02:28 mark comes down, trades to the low the opening range gap then comes back up to
19 00:02:28 --> 00:02:32 the midpoint of that gap. Okay, so you're going to be measuring this on
20 00:02:32 --> 00:02:35 your own chart, so that's something for you to have in your journal. And then
21 00:02:35 --> 00:02:41 the market breaks aggressively lower, carries all the way through, crosses
22 00:02:41 --> 00:02:46 over the 10 o'clock hour. So the first 30 minutes of trading, which is the
23 00:02:46 --> 00:02:56 opening range, we have just a complete meltdown waterfall of price action, as I
24 00:02:56 --> 00:03:03 mentioned earlier this morning, if I would have been giving tape reading, I
25 00:03:03 --> 00:03:09 believe that I may have inspired someone to do something that may not have been
26 00:03:09 --> 00:03:15 helpful for them, or maybe it would have caused a concern to chase price. And I
27 00:03:15 --> 00:03:18 only know that because I see people leaving comments in my YouTube videos,
28 00:03:18 --> 00:03:24 and they'll say, you know, I didn't get as good as Phil, as you did, but I got
29 00:03:24 --> 00:03:30 this much, or I made this much. And I want to be very honest with you, when
30 00:03:30 --> 00:03:33 I'm doing the tape reading with you, that is not a signal service. It's not
31 00:03:33 --> 00:03:37 meant for you to try to copy me. It's not meant for you to try to take live
32 00:03:37 --> 00:03:41 trades. Now, obviously, you're all in control of what you're going to do and
33 00:03:41 --> 00:03:44 what you're not going to do. You can't blame me for making you money, and you
34 00:03:44 --> 00:03:48 can't blame me for causing you to lose any money, because I'm telling you it's
35 00:03:48 --> 00:03:53 not a signal service. What you do in your own trading based on what I'm
36 00:03:53 --> 00:03:58 sharing is my opinion. I don't want to know about it. Okay? I don't want to
37 00:03:58 --> 00:04:04 know about it. If it's good or bad. When you tell me those things, it inherently
38 00:04:04 --> 00:04:08 makes me nervous, because I am not going to be responsible for the results that
39 00:04:08 --> 00:04:16 you have. So because my rules and my mentorship have taught this every
40 00:04:16 --> 00:04:21 lecture around large Range Days, the very next morning session, I teach my
41 00:04:21 --> 00:04:27 students to sit still. So what does that mean for index futures? Well, that means
42 00:04:27 --> 00:04:31 for the first one hour trading, you can't do anything. You can't do
43 00:04:32 --> 00:04:38 anything. So from 930 to 1030 you can't take any trades. Now that's very simple,
44 00:04:38 --> 00:04:48 role based idea here, because we had a cascading of price from the high all the
45 00:04:48 --> 00:04:53 way down into and past 10 o'clock. Now we have the opening range behind us. So
46 00:04:53 --> 00:04:59 what's left in the wake of that drop? Well, we have a small little gap here.
47 00:05:00 --> 00:05:05 And we have an order block, we have this gap in here, but really there's no real
48 00:05:05 --> 00:05:14 run in any of this on buy side. So I kind of quickly went through a review,
49 00:05:14 --> 00:05:20 if you will, the trade I did based on the New York lunch macro. Now the New
50 00:05:20 --> 00:05:26 York lunch macro is just a retracement inside of the entire daily range, up to
51 00:05:28 --> 00:05:35 on a down day, the low and to the high. Okay, so because it's been exceedingly
52 00:05:35 --> 00:05:40 weak this morning, the market is more likely to go back into that range and
53 00:05:40 --> 00:05:45 seek what buy side. Now here's the wonderful thing about that, even if this
54 00:05:45 --> 00:05:51 were to continuously go higher and not go and roll over to go lower in the
55 00:05:51 --> 00:05:56 afternoon, you're still likely to get something, some kind of meat on the bone
56 00:05:57 --> 00:06:00 for a trade idea, but it requires certain things. Okay, so I'm going to
57 00:06:00 --> 00:06:04 walk you through it a little bit more detail than I gave in the previous
58 00:06:04 --> 00:06:09 video, and how this ties into how we can engage in the afternoon session or pm
59 00:06:09 --> 00:06:13 session, and then use that information to really shine the light on what price
60 00:06:13 --> 00:06:19 action may do in the last hour or reper trading hours. So at 10 o'clock, this is
61 00:06:19 --> 00:06:23 what you're doing for the lunch macro. Okay, these are the rules for it. Okay,
62 00:06:23 --> 00:06:27 it's very simple. I was going to put this in a book and be its own little
63 00:06:27 --> 00:06:30 chapter, but I'm going to teach it to you here. Okay, I know it's going to end
64 00:06:30 --> 00:06:35 up in everybody's mentorship. Just make sure that you copy me exactly what I'm
65 00:06:35 --> 00:06:39 saying here. Don't copy my video. Don't take my video and change it into your
66 00:06:39 --> 00:06:45 language. Do the work of making your own chart and then repeat verbatim that way,
67 00:06:45 --> 00:06:49 when the people listen to you and you don't mention my name, because you don't
68 00:06:49 --> 00:06:53 want anybody know that I'm teaching this stuff for free, at least they'll know
69 00:06:53 --> 00:06:58 how to do it correctly. Okay, so when a market move takes place in the day at
70 00:06:58 --> 00:07:06 the opening bell here, and we trade all the way down one directional, and
71 00:07:06 --> 00:07:11 there's no run on any minor buy side liquidity pool. Notice that no short
72 00:07:11 --> 00:07:19 term High was taken in any of this drop. When that occurs, you're setting
73 00:07:20 --> 00:07:26 yourself up to see a retracement going back in that range. Now, how far of a
74 00:07:26 --> 00:07:33 retracement? What is the rules for my my New York lunch, macro, your time filter
75 00:07:33 --> 00:07:39 is 10am so at 10 o'clock in the morning, put a vertical line on it, and I just
76 00:07:39 --> 00:07:42 put a line segment, so that way it's nice and easy to see everything. And
77 00:07:42 --> 00:07:46 everything. Every individual candle sticks high and low. From that point
78 00:07:46 --> 00:07:53 there, walk forward in time, going to the right as soon as you start here, go
79 00:07:53 --> 00:07:57 all the way up through all this price action, and then start working your way
80 00:07:57 --> 00:08:02 to the right. What's the first high you come to this one, see how easy that is.
81 00:08:03 --> 00:08:07 That is not complicated, and it's also not in any of our other books. Nobody
82 00:08:07 --> 00:08:11 else talked about this. I'm giving you this because it's a dandy of an idea,
83 00:08:11 --> 00:08:16 because it's rule based, just like my silver bullet is there are certain
84 00:08:16 --> 00:08:21 criteria, certain conditions, where these one trick pony type setups that I
85 00:08:21 --> 00:08:29 have simply work wonderful. And in trading, if there is an algorithm, I
86 00:08:29 --> 00:08:33 know some of you don't believe there is, if there is an algorithm, it would refer
87 00:08:33 --> 00:08:38 to things like this, very specific time elements first and then price elements.
88 00:08:38 --> 00:08:44 And when you blend those two together to get a narrative. We saw price create a
89 00:08:44 --> 00:08:50 short term low here. I don't need to be long from that. I don't need to be short
90 00:08:50 --> 00:08:54 to capture that low. What I'm waiting for is I want to see the market trade
91 00:08:54 --> 00:09:07 back up into a premium array. It does so here trades lower comes back down, and
92 00:09:07 --> 00:09:13 in this swing low, I want to see, does it fail to break that low? Real
93 00:09:13 --> 00:09:19 important, okay? Because it could have taken that low out, okay, then I would
94 00:09:19 --> 00:09:24 have to use a different strategy, or do nothing in trade in the afternoon only,
95 00:09:24 --> 00:09:30 but because it does not take out that low on this pass down lower, then I'm
96 00:09:30 --> 00:09:36 likely to see what a return back into that first high that formed after 10
97 00:09:36 --> 00:09:42 o'clock. So that's why I'm picking that specific high for the dozens of you that
98 00:09:42 --> 00:09:46 left the comment in the video saying, Why did I pick that high? Now, you know,
99 00:09:47 --> 00:09:52 and then easy, very easy. The rules won't change. Now, for those that are
100 00:09:52 --> 00:09:55 contemplating on how this would be done, if it was a day where it was going up
101 00:09:55 --> 00:09:59 precipitously in the beginning, you would simply use the 10 o'clock hour
102 00:09:59 --> 00:10:05 you. At 10 o'clock. Move to the right in the first swing. Low you come to that's
103 00:10:05 --> 00:10:08 the low that the New York lunch macro will reprice to, or at least that's the
104 00:10:08 --> 00:10:14 one I'm going to aim for. Okay, very, very, very simple strategy. No one's
105 00:10:14 --> 00:10:17 ever talked about it. You'll never find it in another book, but I promise you,
106 00:10:17 --> 00:10:21 in 30 days or less, someone's going to be sitting down and writing a little
107 00:10:21 --> 00:10:26 pamphlet for Amazon so they can sell this idea like it was theirs. And I'll
108 00:10:26 --> 00:10:30 hear about it, and then I'll go into your little reviews, and I'll say this
109 00:10:30 --> 00:10:35 was taught for free on inner circle traders YouTube video in this channel,
110 00:10:35 --> 00:10:38 like I've done with other people that wrote books. And you look silly, then
111 00:10:38 --> 00:10:44 okay, so people won't be buying your book there either. So the idea of
112 00:10:46 --> 00:10:50 that 10 o'clock hour, it closes the opening range. Okay, that's That's why
113 00:10:50 --> 00:10:54 10 o'clock is significant. So we had the opening range behind us. So because of
114 00:10:54 --> 00:10:59 that being the case, the algorithm now has a frame of reference what PD arrays
115 00:10:59 --> 00:11:04 exist in that 30 minutes of trading from 9:30am Eastern Time to 10 o'clock
116 00:11:04 --> 00:11:11 Eastern time, what's the first presented fair value gap? What is the liquidity
117 00:11:12 --> 00:11:15 that's offered in there in terms of minor and sell side and minor buy side?
118 00:11:17 --> 00:11:22 Since we dropped, it's reasonable to anticipate the market likely retracing,
119 00:11:22 --> 00:11:27 but to where we don't need V op. We don't need all those other things,
120 00:11:27 --> 00:11:31 gimmicks, the algorithm has absolutely no respect for a V wop, zero, none,
121 00:11:32 --> 00:11:40 period. So if I see this low in here as it's approaching it here, I want to see
122 00:11:40 --> 00:11:46 it fail to take that low at a time when price should be showing what spooling,
123 00:11:46 --> 00:11:51 where it's starting to run for liquidity. So let's zoom in a little bit
124 00:11:51 --> 00:11:56 here. Here's that 10 o'clock hour. Again. That's our time filter. So we go
125 00:11:56 --> 00:12:01 to the right at that time and we find the first high, whatever the highest
126 00:12:01 --> 00:12:05 high that forms immediately after 10 o'clock. That's the one we're aiming
127 00:12:05 --> 00:12:10 for. That's the lunch macro. That's exactly the low hanging fruit objective
128 00:12:11 --> 00:12:18 for the lunch macro now in the recording this morning, before the fact, I had
129 00:12:18 --> 00:12:24 already used this one, but also said that this one here would be potentially
130 00:12:24 --> 00:12:27 another scenario where it could trade up into that. Now you're looking at that
131 00:12:27 --> 00:12:31 and you're thinking, wow, he forgot to use the inversion fair value gap high
132 00:12:31 --> 00:12:35 and the inversion fair value gap low. Yes, I did. But between these two
133 00:12:35 --> 00:12:41 candlesticks of wicks, that's enough to zero in on another area of potential
134 00:12:41 --> 00:12:49 upside after it takes this high out right there, this gap here becomes an
135 00:12:49 --> 00:12:54 inversion, fair betting gap. And you see me do this actually in the recording, so
136 00:12:54 --> 00:12:59 I'm annotating all these things now for the guy that left the comment saying
137 00:12:59 --> 00:13:06 that I was full of crap that I recorded the video and spoke over. I actually did
138 00:13:06 --> 00:13:10 speak over the video, but you can't take away all of the things I was annotating
139 00:13:10 --> 00:13:13 and where my stop loss was the entire trade. I'm just giving you the details,
140 00:13:13 --> 00:13:17 because I've had a lot of things going on in the house today that kept me from
141 00:13:17 --> 00:13:22 being as engaged as I normally would be. So I understand that there's men out
142 00:13:22 --> 00:13:26 there that just simply can't do this themselves, and they're hateful, but
143 00:13:26 --> 00:13:31 your comments get deleted. I never see you again. But just pay attention,
144 00:13:31 --> 00:13:38 because I'm trying to teach you still that swing low after 10 o'clock when the
145 00:13:38 --> 00:13:43 market comes down. I use that closing price. It's a rejection block. Look at
146 00:13:43 --> 00:13:47 month four of the 2016 ICT mentorship playlist. It's on my YouTube channel.
147 00:13:47 --> 00:13:52 That is my paid mentorship. You can go there and study what a rejection block
148 00:13:52 --> 00:13:59 is. It's its own video, and they're not very long. So that is a rejection block.
149 00:13:59 --> 00:14:02 The market is going to trade down through that. And then I want to see,
150 00:14:02 --> 00:14:07 does it, in fact, reject there? Well, here we have it. It's going higher. And
151 00:14:07 --> 00:14:13 then we have this buy side and balance, sell side and efficiency. And as we
152 00:14:13 --> 00:14:17 trade higher, above this short term high, we have a market structure shift
153 00:14:17 --> 00:14:22 that's bullish. So now we have scenarios overlaying and overlapping one another,
154 00:14:22 --> 00:14:27 converging with the idea that this could potentially be reversing intraday. And I
155 00:14:27 --> 00:14:31 don't care at this time if it's going to take out the relative equal lows. I
156 00:14:31 --> 00:14:35 don't I don't care about that yet. I want to see after we take that short
157 00:14:35 --> 00:14:41 term high out. We do so here, I don't need it on a closing basis. Go back and
158 00:14:41 --> 00:14:46 listen to what I taught in 2022 2024 market structure shifts do not require a
159 00:14:46 --> 00:14:50 close above or close below. Stop listening to people that did not take
160 00:14:50 --> 00:14:55 good notes when watching my videos. Then we have an immediate rebalance. Okay,
161 00:14:55 --> 00:14:59 immediate rebalance is this candlesticks high, which essentially is the low of
162 00:14:59 --> 00:15:03 this by. Side of balance, outside of efficiency, that's shaded in blue. And
163 00:15:03 --> 00:15:09 the next candle opens here. Trades down. I'm buying in that. Watch the recording.
164 00:15:09 --> 00:15:14 It's already on the YouTube channel, so video right before this one. But because
165 00:15:14 --> 00:15:20 it's touching these two candlesticks price points, the high here and the low
166 00:15:20 --> 00:15:23 of that candle, and it's converging with the low of the buy side of balance.
167 00:15:23 --> 00:15:28 Sells out inefficiency that makes it an extremely likely scenario that it's
168 00:15:28 --> 00:15:33 going to go higher. And it does so, it repels from there, and then continues
169 00:15:33 --> 00:15:36 its market structure shift to the upside, goes into this inefficiency
170 00:15:36 --> 00:15:42 here, retraces a little bit into this gap, and then rallies up inversion, fair
171 00:15:42 --> 00:15:49 value gap. Bullish. Fair value gap trades to the target I aimed for in the
172 00:15:49 --> 00:15:56 logic that gets to a lunch hour in New York. Macro, the macro. All macros are
173 00:15:56 --> 00:16:01 little scripts in the algorithm. Okay, they'll little tiny list of directives
174 00:16:01 --> 00:16:06 and instructions, start doing this, and do this to this degree, to this
175 00:16:06 --> 00:16:10 direction by this much time. Okay, so I'm not going to teach you all the
176 00:16:10 --> 00:16:15 facets for that, but I'm pointing you at the time of the day and where these
177 00:16:15 --> 00:16:20 functions usually come in and create these opportunities. Over time, you're
178 00:16:20 --> 00:16:23 going to start seeing these repeating phenomenon, and you'll be convinced that
179 00:16:23 --> 00:16:27 there's an algorithm, but initially it just seems like cherry picked trades.
180 00:16:27 --> 00:16:31 And I get it, I understand that, but when you practice it yourself and start
181 00:16:31 --> 00:16:35 back testing, you will see more fruits and evidence to these things being the
182 00:16:35 --> 00:16:38 very things I'm telling you they are. And eventually, after we trade into this
183 00:16:38 --> 00:16:42 bison and balance outside in efficiency, it rallies again, create another higher
184 00:16:42 --> 00:16:45 high. And then we have a order block, which is when we have a wick above the
185 00:16:45 --> 00:16:49 candlestick, and then the open. We want to use that frame of reference. Okay, so
186 00:16:49 --> 00:16:52 it's not always just the opening price. That's the change in the state of
187 00:16:52 --> 00:16:56 delivery. It is the high of the wick. When do you use the wicks? And when you
188 00:16:56 --> 00:17:00 use the opening price? Again, because the wicks are there, you have to use
189 00:17:00 --> 00:17:04 that information, and that's showed, shown to you here in the dashed line,
190 00:17:04 --> 00:17:09 comes down. Bullish run up, comes back down, finds the high of this buy. Sound
191 00:17:09 --> 00:17:13 imbalance outside of efficiency. Note the volume imbalances. The market stops
192 00:17:13 --> 00:17:17 dead in its tracks with this body's wonderful delivery there into the upper
193 00:17:17 --> 00:17:21 objective I gave you during the recording this morning, at the time that
194 00:17:21 --> 00:17:24 recording, when I was talking over top of it, talking over top of it, it only
195 00:17:24 --> 00:17:27 took a couple minutes for it to be processed and sent to the YouTube
196 00:17:28 --> 00:17:32 channel. They had not done this yet. Okay, so what I wanted to see is, in the
197 00:17:32 --> 00:17:37 afternoon, do we fail to go through this on the upside now, all of these PD
198 00:17:37 --> 00:17:42 arrays. Let's watch what just happens here, all these PD arrays that are in
199 00:17:42 --> 00:17:48 blue. Okay, they're going to change their characteristic where they are used
200 00:17:48 --> 00:17:54 as a bullish discounted right here, because this is a pseudo market maker
201 00:17:54 --> 00:17:59 sell model. I'm going to be aiming for these relative equal lows. If this fails
202 00:17:59 --> 00:18:05 to see price go above it by 130 Eastern Time New York. Okay? And then I want to
203 00:18:05 --> 00:18:10 use all the things that were pertinent to all of this buy side of the curve
204 00:18:10 --> 00:18:13 when the market's been going up. And again, this is not white golf, okay, go
205 00:18:13 --> 00:18:17 back and look at your white cough. Text, you will not see this stuff, folks. It's
206 00:18:17 --> 00:18:21 just not simply there. It's just it's not going to be there. All of these
207 00:18:21 --> 00:18:26 details here are very specific price points, very, very specific price
208 00:18:26 --> 00:18:30 points, the consequent crochet level, the high, the low and the quadrant
209 00:18:30 --> 00:18:34 levels. And when we're bearish, we want to see the upper half of these, PDA
210 00:18:34 --> 00:18:39 raise not respected, just completely disregarded. Or in other words, when
211 00:18:39 --> 00:18:42 they leave the upper half of them. It should never come back to them and just
212 00:18:42 --> 00:18:46 start working in the lower half, proving heaviness in price. Price will likely
213 00:18:46 --> 00:18:54 draw down into these lows here. Okay, so the low comes in at 21 430, 6.25 that's
214 00:18:54 --> 00:18:59 the that's the low here. Okay, so all these candlesticks and ranges and such
215 00:18:59 --> 00:19:03 that I've outlined here. They're going to change their characteristic from that
216 00:19:03 --> 00:19:07 of being bullish here. Now they're going to be inversion levels, and we're going
217 00:19:07 --> 00:19:11 to carry these levels all the way into the future, into the afternoon, like we
218 00:19:11 --> 00:19:15 have here. So we have at 130 to two o'clock in the afternoon Time, Eastern
219 00:19:15 --> 00:19:19 Time. That's your opening range for the pm session. Same thing I taught you to
220 00:19:19 --> 00:19:22 do in the morning session, between 930 and 10 o'clock in the morning East
221 00:19:22 --> 00:19:25 o'clock in the morning, Eastern Time. This is your opening range. Where's your
222 00:19:25 --> 00:19:30 first presenter? Fair value gap, right there. Oh, and we're looking for the
223 00:19:30 --> 00:19:39 relative equal loads to be taken out and trade down to 21,004 3625 this level
224 00:19:39 --> 00:19:45 here, then it's likely to do what use that inversion, fair value gap. It's a
225 00:19:45 --> 00:19:49 premium array, so you want to see it trade away from it proving itself, and
226 00:19:49 --> 00:19:54 then come back up. Hits it here. Well, there you go. It's also the low of that
227 00:19:54 --> 00:19:59 inefficiency I gave you in the morning. Market breaks down, trades back up,
228 00:19:59 --> 00:20:03 falls short. Of that range again, starts to drop again. That's what you want to
229 00:20:03 --> 00:20:06 see. That's heaviness. It's weakness. It can't even trade back to the low that
230 00:20:06 --> 00:20:12 blue shaded area breaks after two o'clock. Now we're in the heat of pm
231 00:20:12 --> 00:20:12 session trading.
232 00:20:14 --> 00:20:17 Trades down. And now look at the characteristics of price action
233 00:20:17 --> 00:20:21 responding to all of the very specific price levels that were used as bullish
234 00:20:21 --> 00:20:25 arrays in the morning session. Now we're on the sell side of the curve. Okay, so
235 00:20:25 --> 00:20:29 the market maker sell model is going to use all these reference points, and it's
236 00:20:29 --> 00:20:32 not going to use upper half. It's going to go down trade through look at the
237 00:20:32 --> 00:20:36 body staying inside this inversion, breaks lower, comes back up, respects
238 00:20:36 --> 00:20:41 what the lower half and disregards the upper half. That's exactly what you want
239 00:20:41 --> 00:20:45 to see. The algorithm signaling to you they are signatures of algorithmic price
240 00:20:45 --> 00:20:50 delivery. I'm sorry to hurt your feelings, but white COVID knew nothing
241 00:20:50 --> 00:20:54 about an algorithm. It absolutely did not get implemented at all in these
242 00:20:54 --> 00:20:59 coding there's no white golf in the algorithm. Zero, absolutely none. No
243 00:20:59 --> 00:21:03 Elliott Wave, no supply and demand zones. None of this stuff that you think
244 00:21:03 --> 00:21:07 is out there as an excuse for you to say, I'm teaching Smart Money concepts,
245 00:21:07 --> 00:21:11 and it was around by this old guy, no, I'm sorry. I'm sorry. It's not that's
246 00:21:11 --> 00:21:18 not true. So we're seeing all the effects of these discount arrays now,
247 00:21:18 --> 00:21:23 inverting them, cells and their characteristics to repel price going
248 00:21:23 --> 00:21:26 lower. So these are all the things. These are level these are the things I'm
249 00:21:26 --> 00:21:30 writing in my notepad. All of you always ask me, What am I writing down? What?
250 00:21:30 --> 00:21:34 What's on your notepad? It's these levels here. Whenever I'm seeing price
251 00:21:34 --> 00:21:39 action, use these very specific elements in my PD arrays. I have those levels
252 00:21:39 --> 00:21:42 written down from the highest to the lowest in the order of their highest or
253 00:21:42 --> 00:21:47 lowest order, and a little, tiny, little abbreviation as to what they are. And if
254 00:21:47 --> 00:21:51 there's a reference to time, I'm going to write the time that it formed. So
255 00:21:52 --> 00:21:56 when I'm watching price action go into the last hour trading, I was looking at
256 00:21:56 --> 00:22:01 this area right in here as a bearish, fair value gap, and I was trying to set
257 00:22:01 --> 00:22:06 my phone to record it for my telegram channel, and I couldn't get it to open
258 00:22:06 --> 00:22:12 up fast enough. So I had to take the trade enter it, and then when the
259 00:22:12 --> 00:22:16 recording started, I had already executed, but I was still inside the one
260 00:22:16 --> 00:22:20 minute candlestick that was the entry. So you can watch that in the telegram
261 00:22:20 --> 00:22:25 channel. I'm not monetized there. Okay, so all the things I share in Telegram, I
262 00:22:25 --> 00:22:29 could be putting it right here and making whatever more money that would
263 00:22:29 --> 00:22:33 equate to. I'm trying to show you things where it's just me sharing because I
264 00:22:33 --> 00:22:37 like sharing. Okay, if I want to make money marketing, I can do that,
265 00:22:37 --> 00:22:43 obviously I've done in the past, but I want to just make a point to show how we
266 00:22:43 --> 00:22:45 use this information now in the last hour trading. So we're going to take
267 00:22:45 --> 00:22:53 this information and zoom in. So we have this gap in here, and these are exactly
268 00:22:53 --> 00:22:59 how I drew them on my phone at a time, and I couldn't, I couldn't do a lot to
269 00:22:59 --> 00:23:03 do, like a big screen on my computer because I was downstairs and I was away
270 00:23:03 --> 00:23:08 from constantly looking at the chart, so I could only run over to it, peak, run
271 00:23:08 --> 00:23:12 over to it and peak, run over to it and peak. And since I was using my phone,
272 00:23:12 --> 00:23:17 which is what I always will use for telegram examples, I was managing from
273 00:23:17 --> 00:23:21 my laptop while I was two or three feet away from my wife. So I was juggling
274 00:23:21 --> 00:23:26 being a dad and being a husband and also trying to provide content. So inside
275 00:23:26 --> 00:23:34 this candlestick I'm going short. I wanted to be inside this volume
276 00:23:34 --> 00:23:38 imbalance in this high but because I drew the line on the phone, it should be
277 00:23:38 --> 00:23:41 anchored right there, so I'm going to leave it as it was on the telegram
278 00:23:41 --> 00:23:44 channel so that we can see it. But see it. But the information here is all the
279 00:23:44 --> 00:23:49 things I had notes from that were sitting next to me that allow me to see
280 00:23:49 --> 00:23:57 this as a setup aiming for the relative equal lows at 21,004 36.25 and then also
281 00:23:57 --> 00:24:04 you want to have this level here, 21,004 zero, 4.00 those lows on the daily
282 00:24:04 --> 00:24:08 chart, you'll see them very clearly as of what they are. But this level here is
283 00:24:08 --> 00:24:12 my next point of interest, where I think sell side below that could cause things
284 00:24:12 --> 00:24:15 get real, real interesting on the downside for NASDAQ. So anyway, we
285 00:24:15 --> 00:24:20 entered into the last hour. We traded softer, and then we had this little
286 00:24:20 --> 00:24:25 retracement here. During the recording, I took the little drawing instrument
287 00:24:25 --> 00:24:29 that is available if you're using a Samsung Galaxy Note. That's the kind of
288 00:24:29 --> 00:24:33 phone I have. I don't get anything for mentioning Samsung, but they are
289 00:24:33 --> 00:24:39 superior to Apple products. Apple sucks. So if you have the retracement here, and
290 00:24:39 --> 00:24:43 likely see lower prices, this retracement, back up into this
291 00:24:43 --> 00:24:48 inefficiency right here, volume imbalance to that, candlesticks low. The
292 00:24:48 --> 00:24:52 bodies are respecting that. And then I draw a line, entertain that's going to
293 00:24:52 --> 00:24:58 dump. And it does that. There was really nothing in here, except for the
294 00:24:58 --> 00:25:04 immediate rebalance here, near. The low and below the midpoint, below the
295 00:25:04 --> 00:25:08 constant crochet in that shaded area, which is an inversion Peri per gap now.
296 00:25:09 --> 00:25:12 So another example of immediate rebalance. And then it breaks
297 00:25:12 --> 00:25:17 aggressively lower, taking the cell side below the intraday load it formed in the
298 00:25:17 --> 00:25:21 morning session just after 10 o'clock, and then it went a little bit lower. I
299 00:25:21 --> 00:25:27 had limit order to get out, you know, below this. But as it was trading down,
300 00:25:27 --> 00:25:32 I just kept taking two contracts off, two contracts off, and then I did the
301 00:25:32 --> 00:25:36 last one as a market order, and didn't let the actual limit order fill. It
302 00:25:36 --> 00:25:40 would have filled easily, but because I was doing too many things at one time, I
303 00:25:40 --> 00:25:44 just wanted to make sure I captured that while it was below the intra daily low.
304 00:25:44 --> 00:25:49 And again, this is river trading hours, final hour. And I'll show you now the
305 00:25:49 --> 00:25:53 executions, toggling. Just the execution. You see the arrows. I'm
306 00:25:53 --> 00:25:57 inside that candlestick. And inside that candlestick, why am I taking the second
307 00:25:57 --> 00:26:01 entry there? Because inside of this order block, which are these two up
308 00:26:01 --> 00:26:05 close candles I'm entering in both of these entries, even though I missed the
309 00:26:05 --> 00:26:11 actual high end premium entry point. We're inside of these last up close
310 00:26:11 --> 00:26:15 candles. That's a very shorter block. As long as I'm inside that range, I'm not
311 00:26:15 --> 00:26:19 thinking that I'm missing or chasing anything. You may think that I'm chasing
312 00:26:19 --> 00:26:21 because you don't know what you're talking about when it comes to my
313 00:26:21 --> 00:26:26 content. But inside of these two candlesticks, anything inside that that
314 00:26:26 --> 00:26:30 is not chasing price when you're trying to get short. And then obviously the
315 00:26:30 --> 00:26:34 actual execution price points here, and you'll see in the recording that these
316 00:26:34 --> 00:26:38 are absolutely what's being recorded on my phone, for that example, that was
317 00:26:38 --> 00:26:41 shown in telegram. So I hope you found insightful. Hope you learned something
318 00:26:41 --> 00:26:44 from this, and Lord willing, tomorrow, I'll be back with you around 915,
319 00:26:45 --> 00:26:50 Eastern Time in the telegram channel to give you real time opinions, tape
320 00:26:50 --> 00:26:56 reading and whatever else I feel like sharing. Until then, be safe. You.