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2 |1 |00:00:20 ~-~-> 00:00:42 |ICT: Hey, welcome back, folks. So we're gonna be looking at the New York lunch
3 |2 |00:00:42 ~-~-> 00:00:45 |macro and the pm session.
4 |3 |00:00:51 ~-~-> 00:00:55 |So one of the things I wanted to cover this year in the 2025 Lecture Series is
5 |4 |00:00:55 ~-~-> 00:01:03 |I wanted to show how using the intraday profiles of how the high, the low, where
6 |5 |00:01:03 ~-~-> 00:01:11 |the open and close, nest in that daily range, and the effects of that and this
7 |6 |00:01:11 ~-~-> 00:01:19 |morning following rules, obviously, after a very large down day on Friday, I
8 |7 |00:01:19 ~-~-> 00:01:24 |teach my students to avoid the morning session. Okay, so try to avoid that
9 |8 |00:01:24 ~-~-> 00:01:30 |initial price action, because it could be problematic. It could be stagnant, it
10 |9 |00:01:30 ~-~-> 00:01:35 |could be difficult, it could be very hard to navigate. And sometimes you'll
11 |10 |00:01:35 ~-~-> 00:01:41 |get days like this where it just opens up, and then you can see, obviously
12 |11 |00:01:42 ~-~-> 00:01:45 |lower right hand corner. Here, it's regular trading hours. That's the
13 |12 |00:01:45 ~-~-> 00:01:51 |setting on my chart for nq, h2, 025, notice the relative equal highs here.
14 |13 |00:01:52 ~-~-> 00:01:58 |The market opens runs up above that clears that out. That's the opening
15 |14 |00:01:58 ~-~-> 00:02:04 |range gap high in the previous earlier trading hours. Settlement price is this,
16 |15 |00:02:04 ~-~-> 00:02:11 |candlesticks close, which is the opening range gap low for today. So the market
17 |16 |00:02:11 ~-~-> 00:02:19 |opens trades higher, goes back down into the gap. So we have a 50% retracement to
18 |17 |00:02:19 ~-~-> 00:02:24 |the middle of that opening range gap, that's always a 70% likelihood. Then the
19 |18 |00:02:24 ~-~-> 00:02:28 |mark comes down, trades to the low the opening range gap then comes back up to
20 |19 |00:02:28 ~-~-> 00:02:32 |the midpoint of that gap. Okay, so you're going to be measuring this on
21 |20 |00:02:32 ~-~-> 00:02:35 |your own chart, so that's something for you to have in your journal. And then
22 |21 |00:02:35 ~-~-> 00:02:41 |the market breaks aggressively lower, carries all the way through, crosses
23 |22 |00:02:41 ~-~-> 00:02:46 |over the 10 o'clock hour. So the first 30 minutes of trading, which is the
24 |23 |00:02:46 ~-~-> 00:02:56 |opening range, we have just a complete meltdown waterfall of price action, as I
25 |24 |00:02:56 ~-~-> 00:03:03 |mentioned earlier this morning, if I would have been giving tape reading, I
26 |25 |00:03:03 ~-~-> 00:03:09 |believe that I may have inspired someone to do something that may not have been
27 |26 |00:03:09 ~-~-> 00:03:15 |helpful for them, or maybe it would have caused a concern to chase price. And I
28 |27 |00:03:15 ~-~-> 00:03:18 |only know that because I see people leaving comments in my YouTube videos,
29 |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
30 |29 |00:03:24 ~-~-> 00:03:30 |this much, or I made this much. And I want to be very honest with you, when
31 |30 |00:03:30 ~-~-> 00:03:33 |I'm doing the tape reading with you, that is not a signal service. It's not
32 |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
33 |32 |00:03:37 ~-~-> 00:03:41 |trades. Now, obviously, you're all in control of what you're going to do and
34 |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
35 |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
36 |35 |00:03:48 ~-~-> 00:03:53 |not a signal service. What you do in your own trading based on what I'm
37 |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
38 |37 |00:03:58 ~-~-> 00:04:04 |know about it. If it's good or bad. When you tell me those things, it inherently
39 |38 |00:04:04 ~-~-> 00:04:08 |makes me nervous, because I am not going to be responsible for the results that
40 |39 |00:04:08 ~-~-> 00:04:16 |you have. So because my rules and my mentorship have taught this every
41 |40 |00:04:16 ~-~-> 00:04:21 |lecture around large Range Days, the very next morning session, I teach my
42 |41 |00:04:21 ~-~-> 00:04:27 |students to sit still. So what does that mean for index futures? Well, that means
43 |42 |00:04:27 ~-~-> 00:04:31 |for the first one hour trading, you can't do anything. You can't do
44 |43 |00:04:32 ~-~-> 00:04:38 |anything. So from 930 to 1030 you can't take any trades. Now that's very simple,
45 |44 |00:04:38 ~-~-> 00:04:48 |role based idea here, because we had a cascading of price from the high all the
46 |45 |00:04:48 ~-~-> 00:04:53 |way down into and past 10 o'clock. Now we have the opening range behind us. So
47 |46 |00:04:53 ~-~-> 00:04:59 |what's left in the wake of that drop? Well, we have a small little gap here.
48 |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
49 |48 |00:05:05 ~-~-> 00:05:14 |run in any of this on buy side. So I kind of quickly went through a review,
50 |49 |00:05:14 ~-~-> 00:05:20 |if you will, the trade I did based on the New York lunch macro. Now the New
51 |50 |00:05:20 ~-~-> 00:05:26 |York lunch macro is just a retracement inside of the entire daily range, up to
52 |51 |00:05:28 ~-~-> 00:05:35 |on a down day, the low and to the high. Okay, so because it's been exceedingly
53 |52 |00:05:35 ~-~-> 00:05:40 |weak this morning, the market is more likely to go back into that range and
54 |53 |00:05:40 ~-~-> 00:05:45 |seek what buy side. Now here's the wonderful thing about that, even if this
55 |54 |00:05:45 ~-~-> 00:05:51 |were to continuously go higher and not go and roll over to go lower in the
56 |55 |00:05:51 ~-~-> 00:05:56 |afternoon, you're still likely to get something, some kind of meat on the bone
57 |56 |00:05:57 ~-~-> 00:06:00 |for a trade idea, but it requires certain things. Okay, so I'm going to
58 |57 |00:06:00 ~-~-> 00:06:04 |walk you through it a little bit more detail than I gave in the previous
59 |58 |00:06:04 ~-~-> 00:06:09 |video, and how this ties into how we can engage in the afternoon session or pm
60 |59 |00:06:09 ~-~-> 00:06:13 |session, and then use that information to really shine the light on what price
61 |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
62 |61 |00:06:19 ~-~-> 00:06:23 |what you're doing for the lunch macro. Okay, these are the rules for it. Okay,
63 |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
64 |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
65 |64 |00:06:30 ~-~-> 00:06:35 |up in everybody's mentorship. Just make sure that you copy me exactly what I'm
66 |65 |00:06:35 ~-~-> 00:06:39 |saying here. Don't copy my video. Don't take my video and change it into your
67 |66 |00:06:39 ~-~-> 00:06:45 |language. Do the work of making your own chart and then repeat verbatim that way,
68 |67 |00:06:45 ~-~-> 00:06:49 |when the people listen to you and you don't mention my name, because you don't
69 |68 |00:06:49 ~-~-> 00:06:53 |want anybody know that I'm teaching this stuff for free, at least they'll know
70 |69 |00:06:53 ~-~-> 00:06:58 |how to do it correctly. Okay, so when a market move takes place in the day at
71 |70 |00:06:58 ~-~-> 00:07:06 |the opening bell here, and we trade all the way down one directional, and
72 |71 |00:07:06 ~-~-> 00:07:11 |there's no run on any minor buy side liquidity pool. Notice that no short
73 |72 |00:07:11 ~-~-> 00:07:19 |term High was taken in any of this drop. When that occurs, you're setting
74 |73 |00:07:20 ~-~-> 00:07:26 |yourself up to see a retracement going back in that range. Now, how far of a
75 |74 |00:07:26 ~-~-> 00:07:33 |retracement? What is the rules for my my New York lunch, macro, your time filter
76 |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
77 |76 |00:07:39 ~-~-> 00:07:42 |put a line segment, so that way it's nice and easy to see everything. And
78 |77 |00:07:42 ~-~-> 00:07:46 |everything. Every individual candle sticks high and low. From that point
79 |78 |00:07:46 ~-~-> 00:07:53 |there, walk forward in time, going to the right as soon as you start here, go
80 |79 |00:07:53 ~-~-> 00:07:57 |all the way up through all this price action, and then start working your way
81 |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.
82 |81 |00:08:03 ~-~-> 00:08:07 |That is not complicated, and it's also not in any of our other books. Nobody
83 |82 |00:08:07 ~-~-> 00:08:11 |else talked about this. I'm giving you this because it's a dandy of an idea,
84 |83 |00:08:11 ~-~-> 00:08:16 |because it's rule based, just like my silver bullet is there are certain
85 |84 |00:08:16 ~-~-> 00:08:21 |criteria, certain conditions, where these one trick pony type setups that I
86 |85 |00:08:21 ~-~-> 00:08:29 |have simply work wonderful. And in trading, if there is an algorithm, I
87 |86 |00:08:29 ~-~-> 00:08:33 |know some of you don't believe there is, if there is an algorithm, it would refer
88 |87 |00:08:33 ~-~-> 00:08:38 |to things like this, very specific time elements first and then price elements.
89 |88 |00:08:38 ~-~-> 00:08:44 |And when you blend those two together to get a narrative. We saw price create a
90 |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
91 |90 |00:08:50 ~-~-> 00:08:54 |to capture that low. What I'm waiting for is I want to see the market trade
92 |91 |00:08:54 ~-~-> 00:09:07 |back up into a premium array. It does so here trades lower comes back down, and
93 |92 |00:09:07 ~-~-> 00:09:13 |in this swing low, I want to see, does it fail to break that low? Real
94 |93 |00:09:13 ~-~-> 00:09:19 |important, okay? Because it could have taken that low out, okay, then I would
95 |94 |00:09:19 ~-~-> 00:09:24 |have to use a different strategy, or do nothing in trade in the afternoon only,
96 |95 |00:09:24 ~-~-> 00:09:30 |but because it does not take out that low on this pass down lower, then I'm
97 |96 |00:09:30 ~-~-> 00:09:36 |likely to see what a return back into that first high that formed after 10
98 |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
99 |98 |00:09:42 ~-~-> 00:09:46 |left the comment in the video saying, Why did I pick that high? Now, you know,
100 |99 |00:09:47 ~-~-> 00:09:52 |and then easy, very easy. The rules won't change. Now, for those that are
101 |100 |00:09:52 ~-~-> 00:09:55 |contemplating on how this would be done, if it was a day where it was going up
102 |101 |00:09:55 ~-~-> 00:09:59 |precipitously in the beginning, you would simply use the 10 o'clock hour
103 |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
104 |103 |00:10:05 ~-~-> 00:10:08 |the low that the New York lunch macro will reprice to, or at least that's the
105 |104 |00:10:08 ~-~-> 00:10:14 |one I'm going to aim for. Okay, very, very, very simple strategy. No one's
106 |105 |00:10:14 ~-~-> 00:10:17 |ever talked about it. You'll never find it in another book, but I promise you,
107 |106 |00:10:17 ~-~-> 00:10:21 |in 30 days or less, someone's going to be sitting down and writing a little
108 |107 |00:10:21 ~-~-> 00:10:26 |pamphlet for Amazon so they can sell this idea like it was theirs. And I'll
109 |108 |00:10:26 ~-~-> 00:10:30 |hear about it, and then I'll go into your little reviews, and I'll say this
110 |109 |00:10:30 ~-~-> 00:10:35 |was taught for free on inner circle traders YouTube video in this channel,
111 |110 |00:10:35 ~-~-> 00:10:38 |like I've done with other people that wrote books. And you look silly, then
112 |111 |00:10:38 ~-~-> 00:10:44 |okay, so people won't be buying your book there either. So the idea of
113 |112 |00:10:46 ~-~-> 00:10:50 |that 10 o'clock hour, it closes the opening range. Okay, that's That's why
114 |113 |00:10:50 ~-~-> 00:10:54 |10 o'clock is significant. So we had the opening range behind us. So because of
115 |114 |00:10:54 ~-~-> 00:10:59 |that being the case, the algorithm now has a frame of reference what PD arrays
116 |115 |00:10:59 ~-~-> 00:11:04 |exist in that 30 minutes of trading from 9:30am Eastern Time to 10 o'clock
117 |116 |00:11:04 ~-~-> 00:11:11 |Eastern time, what's the first presented fair value gap? What is the liquidity
118 |117 |00:11:12 ~-~-> 00:11:15 |that's offered in there in terms of minor and sell side and minor buy side?
119 |118 |00:11:17 ~-~-> 00:11:22 |Since we dropped, it's reasonable to anticipate the market likely retracing,
120 |119 |00:11:22 ~-~-> 00:11:27 |but to where we don't need V op. We don't need all those other things,
121 |120 |00:11:27 ~-~-> 00:11:31 |gimmicks, the algorithm has absolutely no respect for a V wop, zero, none,
122 |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
123 |122 |00:11:40 ~-~-> 00:11:46 |it fail to take that low at a time when price should be showing what spooling,
124 |123 |00:11:46 ~-~-> 00:11:51 |where it's starting to run for liquidity. So let's zoom in a little bit
125 |124 |00:11:51 ~-~-> 00:11:56 |here. Here's that 10 o'clock hour. Again. That's our time filter. So we go
126 |125 |00:11:56 ~-~-> 00:12:01 |to the right at that time and we find the first high, whatever the highest
127 |126 |00:12:01 ~-~-> 00:12:05 |high that forms immediately after 10 o'clock. That's the one we're aiming
128 |127 |00:12:05 ~-~-> 00:12:10 |for. That's the lunch macro. That's exactly the low hanging fruit objective
129 |128 |00:12:11 ~-~-> 00:12:18 |for the lunch macro now in the recording this morning, before the fact, I had
130 |129 |00:12:18 ~-~-> 00:12:24 |already used this one, but also said that this one here would be potentially
131 |130 |00:12:24 ~-~-> 00:12:27 |another scenario where it could trade up into that. Now you're looking at that
132 |131 |00:12:27 ~-~-> 00:12:31 |and you're thinking, wow, he forgot to use the inversion fair value gap high
133 |132 |00:12:31 ~-~-> 00:12:35 |and the inversion fair value gap low. Yes, I did. But between these two
134 |133 |00:12:35 ~-~-> 00:12:41 |candlesticks of wicks, that's enough to zero in on another area of potential
135 |134 |00:12:41 ~-~-> 00:12:49 |upside after it takes this high out right there, this gap here becomes an
136 |135 |00:12:49 ~-~-> 00:12:54 |inversion, fair betting gap. And you see me do this actually in the recording, so
137 |136 |00:12:54 ~-~-> 00:12:59 |I'm annotating all these things now for the guy that left the comment saying
138 |137 |00:12:59 ~-~-> 00:13:06 |that I was full of crap that I recorded the video and spoke over. I actually did
139 |138 |00:13:06 ~-~-> 00:13:10 |speak over the video, but you can't take away all of the things I was annotating
140 |139 |00:13:10 ~-~-> 00:13:13 |and where my stop loss was the entire trade. I'm just giving you the details,
141 |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
142 |141 |00:13:17 ~-~-> 00:13:22 |being as engaged as I normally would be. So I understand that there's men out
143 |142 |00:13:22 ~-~-> 00:13:26 |there that just simply can't do this themselves, and they're hateful, but
144 |143 |00:13:26 ~-~-> 00:13:31 |your comments get deleted. I never see you again. But just pay attention,
145 |144 |00:13:31 ~-~-> 00:13:38 |because I'm trying to teach you still that swing low after 10 o'clock when the
146 |145 |00:13:38 ~-~-> 00:13:43 |market comes down. I use that closing price. It's a rejection block. Look at
147 |146 |00:13:43 ~-~-> 00:13:47 |month four of the 2016 ICT mentorship playlist. It's on my YouTube channel.
148 |147 |00:13:47 ~-~-> 00:13:52 |That is my paid mentorship. You can go there and study what a rejection block
149 |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.
150 |149 |00:13:59 ~-~-> 00:14:02 |The market is going to trade down through that. And then I want to see,
151 |150 |00:14:02 ~-~-> 00:14:07 |does it, in fact, reject there? Well, here we have it. It's going higher. And
152 |151 |00:14:07 ~-~-> 00:14:13 |then we have this buy side and balance, sell side and efficiency. And as we
153 |152 |00:14:13 ~-~-> 00:14:17 |trade higher, above this short term high, we have a market structure shift
154 |153 |00:14:17 ~-~-> 00:14:22 |that's bullish. So now we have scenarios overlaying and overlapping one another,
155 |154 |00:14:22 ~-~-> 00:14:27 |converging with the idea that this could potentially be reversing intraday. And I
156 |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
157 |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
158 |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
159 |158 |00:14:41 ~-~-> 00:14:46 |listen to what I taught in 2022 2024 market structure shifts do not require a
160 |159 |00:14:46 ~-~-> 00:14:50 |close above or close below. Stop listening to people that did not take
161 |160 |00:14:50 ~-~-> 00:14:55 |good notes when watching my videos. Then we have an immediate rebalance. Okay,
162 |161 |00:14:55 ~-~-> 00:14:59 |immediate rebalance is this candlesticks high, which essentially is the low of
163 |162 |00:14:59 ~-~-> 00:15:03 |this by. Side of balance, outside of efficiency, that's shaded in blue. And
164 |163 |00:15:03 ~-~-> 00:15:09 |the next candle opens here. Trades down. I'm buying in that. Watch the recording.
165 |164 |00:15:09 ~-~-> 00:15:14 |It's already on the YouTube channel, so video right before this one. But because
166 |165 |00:15:14 ~-~-> 00:15:20 |it's touching these two candlesticks price points, the high here and the low
167 |166 |00:15:20 ~-~-> 00:15:23 |of that candle, and it's converging with the low of the buy side of balance.
168 |167 |00:15:23 ~-~-> 00:15:28 |Sells out inefficiency that makes it an extremely likely scenario that it's
169 |168 |00:15:28 ~-~-> 00:15:33 |going to go higher. And it does so, it repels from there, and then continues
170 |169 |00:15:33 ~-~-> 00:15:36 |its market structure shift to the upside, goes into this inefficiency
171 |170 |00:15:36 ~-~-> 00:15:42 |here, retraces a little bit into this gap, and then rallies up inversion, fair
172 |171 |00:15:42 ~-~-> 00:15:49 |value gap. Bullish. Fair value gap trades to the target I aimed for in the
173 |172 |00:15:49 ~-~-> 00:15:56 |logic that gets to a lunch hour in New York. Macro, the macro. All macros are
174 |173 |00:15:56 ~-~-> 00:16:01 |little scripts in the algorithm. Okay, they'll little tiny list of directives
175 |174 |00:16:01 ~-~-> 00:16:06 |and instructions, start doing this, and do this to this degree, to this
176 |175 |00:16:06 ~-~-> 00:16:10 |direction by this much time. Okay, so I'm not going to teach you all the
177 |176 |00:16:10 ~-~-> 00:16:15 |facets for that, but I'm pointing you at the time of the day and where these
178 |177 |00:16:15 ~-~-> 00:16:20 |functions usually come in and create these opportunities. Over time, you're
179 |178 |00:16:20 ~-~-> 00:16:23 |going to start seeing these repeating phenomenon, and you'll be convinced that
180 |179 |00:16:23 ~-~-> 00:16:27 |there's an algorithm, but initially it just seems like cherry picked trades.
181 |180 |00:16:27 ~-~-> 00:16:31 |And I get it, I understand that, but when you practice it yourself and start
182 |181 |00:16:31 ~-~-> 00:16:35 |back testing, you will see more fruits and evidence to these things being the
183 |182 |00:16:35 ~-~-> 00:16:38 |very things I'm telling you they are. And eventually, after we trade into this
184 |183 |00:16:38 ~-~-> 00:16:42 |bison and balance outside in efficiency, it rallies again, create another higher
185 |184 |00:16:42 ~-~-> 00:16:45 |high. And then we have a order block, which is when we have a wick above the
186 |185 |00:16:45 ~-~-> 00:16:49 |candlestick, and then the open. We want to use that frame of reference. Okay, so
187 |186 |00:16:49 ~-~-> 00:16:52 |it's not always just the opening price. That's the change in the state of
188 |187 |00:16:52 ~-~-> 00:16:56 |delivery. It is the high of the wick. When do you use the wicks? And when you
189 |188 |00:16:56 ~-~-> 00:17:00 |use the opening price? Again, because the wicks are there, you have to use
190 |189 |00:17:00 ~-~-> 00:17:04 |that information, and that's showed, shown to you here in the dashed line,
191 |190 |00:17:04 ~-~-> 00:17:09 |comes down. Bullish run up, comes back down, finds the high of this buy. Sound
192 |191 |00:17:09 ~-~-> 00:17:13 |imbalance outside of efficiency. Note the volume imbalances. The market stops
193 |192 |00:17:13 ~-~-> 00:17:17 |dead in its tracks with this body's wonderful delivery there into the upper
194 |193 |00:17:17 ~-~-> 00:17:21 |objective I gave you during the recording this morning, at the time that
195 |194 |00:17:21 ~-~-> 00:17:24 |recording, when I was talking over top of it, talking over top of it, it only
196 |195 |00:17:24 ~-~-> 00:17:27 |took a couple minutes for it to be processed and sent to the YouTube
197 |196 |00:17:28 ~-~-> 00:17:32 |channel. They had not done this yet. Okay, so what I wanted to see is, in the
198 |197 |00:17:32 ~-~-> 00:17:37 |afternoon, do we fail to go through this on the upside now, all of these PD
199 |198 |00:17:37 ~-~-> 00:17:42 |arrays. Let's watch what just happens here, all these PD arrays that are in
200 |199 |00:17:42 ~-~-> 00:17:48 |blue. Okay, they're going to change their characteristic where they are used
201 |200 |00:17:48 ~-~-> 00:17:54 |as a bullish discounted right here, because this is a pseudo market maker
202 |201 |00:17:54 ~-~-> 00:17:59 |sell model. I'm going to be aiming for these relative equal lows. If this fails
203 |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
204 |203 |00:18:05 ~-~-> 00:18:10 |use all the things that were pertinent to all of this buy side of the curve
205 |204 |00:18:10 ~-~-> 00:18:13 |when the market's been going up. And again, this is not white golf, okay, go
206 |205 |00:18:13 ~-~-> 00:18:17 |back and look at your white cough. Text, you will not see this stuff, folks. It's
207 |206 |00:18:17 ~-~-> 00:18:21 |just not simply there. It's just it's not going to be there. All of these
208 |207 |00:18:21 ~-~-> 00:18:26 |details here are very specific price points, very, very specific price
209 |208 |00:18:26 ~-~-> 00:18:30 |points, the consequent crochet level, the high, the low and the quadrant
210 |209 |00:18:30 ~-~-> 00:18:34 |levels. And when we're bearish, we want to see the upper half of these, PDA
211 |210 |00:18:34 ~-~-> 00:18:39 |raise not respected, just completely disregarded. Or in other words, when
212 |211 |00:18:39 ~-~-> 00:18:42 |they leave the upper half of them. It should never come back to them and just
213 |212 |00:18:42 ~-~-> 00:18:46 |start working in the lower half, proving heaviness in price. Price will likely
214 |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
215 |214 |00:18:54 ~-~-> 00:18:59 |the that's the low here. Okay, so all these candlesticks and ranges and such
216 |215 |00:18:59 ~-~-> 00:19:03 |that I've outlined here. They're going to change their characteristic from that
217 |216 |00:19:03 ~-~-> 00:19:07 |of being bullish here. Now they're going to be inversion levels, and we're going
218 |217 |00:19:07 ~-~-> 00:19:11 |to carry these levels all the way into the future, into the afternoon, like we
219 |218 |00:19:11 ~-~-> 00:19:15 |have here. So we have at 130 to two o'clock in the afternoon Time, Eastern
220 |219 |00:19:15 ~-~-> 00:19:19 |Time. That's your opening range for the pm session. Same thing I taught you to
221 |220 |00:19:19 ~-~-> 00:19:22 |do in the morning session, between 930 and 10 o'clock in the morning East
222 |221 |00:19:22 ~-~-> 00:19:25 |o'clock in the morning, Eastern Time. This is your opening range. Where's your
223 |222 |00:19:25 ~-~-> 00:19:30 |first presenter? Fair value gap, right there. Oh, and we're looking for the
224 |223 |00:19:30 ~-~-> 00:19:39 |relative equal loads to be taken out and trade down to 21,004 3625 this level
225 |224 |00:19:39 ~-~-> 00:19:45 |here, then it's likely to do what use that inversion, fair value gap. It's a
226 |225 |00:19:45 ~-~-> 00:19:49 |premium array, so you want to see it trade away from it proving itself, and
227 |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
228 |227 |00:19:54 ~-~-> 00:19:59 |inefficiency I gave you in the morning. Market breaks down, trades back up,
229 |228 |00:19:59 ~-~-> 00:20:03 |falls short. Of that range again, starts to drop again. That's what you want to
230 |229 |00:20:03 ~-~-> 00:20:06 |see. That's heaviness. It's weakness. It can't even trade back to the low that
231 |230 |00:20:06 ~-~-> 00:20:12 |blue shaded area breaks after two o'clock. Now we're in the heat of pm
232 |231 |00:20:12 ~-~-> 00:20:12 |session trading.
233 |232 |00:20:14 ~-~-> 00:20:17 |Trades down. And now look at the characteristics of price action
234 |233 |00:20:17 ~-~-> 00:20:21 |responding to all of the very specific price levels that were used as bullish
235 |234 |00:20:21 ~-~-> 00:20:25 |arrays in the morning session. Now we're on the sell side of the curve. Okay, so
236 |235 |00:20:25 ~-~-> 00:20:29 |the market maker sell model is going to use all these reference points, and it's
237 |236 |00:20:29 ~-~-> 00:20:32 |not going to use upper half. It's going to go down trade through look at the
238 |237 |00:20:32 ~-~-> 00:20:36 |body staying inside this inversion, breaks lower, comes back up, respects
239 |238 |00:20:36 ~-~-> 00:20:41 |what the lower half and disregards the upper half. That's exactly what you want
240 |239 |00:20:41 ~-~-> 00:20:45 |to see. The algorithm signaling to you they are signatures of algorithmic price
241 |240 |00:20:45 ~-~-> 00:20:50 |delivery. I'm sorry to hurt your feelings, but white COVID knew nothing
242 |241 |00:20:50 ~-~-> 00:20:54 |about an algorithm. It absolutely did not get implemented at all in these
243 |242 |00:20:54 ~-~-> 00:20:59 |coding there's no white golf in the algorithm. Zero, absolutely none. No
244 |243 |00:20:59 ~-~-> 00:21:03 |Elliott Wave, no supply and demand zones. None of this stuff that you think
245 |244 |00:21:03 ~-~-> 00:21:07 |is out there as an excuse for you to say, I'm teaching Smart Money concepts,
246 |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
247 |246 |00:21:11 ~-~-> 00:21:18 |not true. So we're seeing all the effects of these discount arrays now,
248 |247 |00:21:18 ~-~-> 00:21:23 |inverting them, cells and their characteristics to repel price going
249 |248 |00:21:23 ~-~-> 00:21:26 |lower. So these are all the things. These are level these are the things I'm
250 |249 |00:21:26 ~-~-> 00:21:30 |writing in my notepad. All of you always ask me, What am I writing down? What?
251 |250 |00:21:30 ~-~-> 00:21:34 |What's on your notepad? It's these levels here. Whenever I'm seeing price
252 |251 |00:21:34 ~-~-> 00:21:39 |action, use these very specific elements in my PD arrays. I have those levels
253 |252 |00:21:39 ~-~-> 00:21:42 |written down from the highest to the lowest in the order of their highest or
254 |253 |00:21:42 ~-~-> 00:21:47 |lowest order, and a little, tiny, little abbreviation as to what they are. And if
255 |254 |00:21:47 ~-~-> 00:21:51 |there's a reference to time, I'm going to write the time that it formed. So
256 |255 |00:21:52 ~-~-> 00:21:56 |when I'm watching price action go into the last hour trading, I was looking at
257 |256 |00:21:56 ~-~-> 00:22:01 |this area right in here as a bearish, fair value gap, and I was trying to set
258 |257 |00:22:01 ~-~-> 00:22:06 |my phone to record it for my telegram channel, and I couldn't get it to open
259 |258 |00:22:06 ~-~-> 00:22:12 |up fast enough. So I had to take the trade enter it, and then when the
260 |259 |00:22:12 ~-~-> 00:22:16 |recording started, I had already executed, but I was still inside the one
261 |260 |00:22:16 ~-~-> 00:22:20 |minute candlestick that was the entry. So you can watch that in the telegram
262 |261 |00:22:20 ~-~-> 00:22:25 |channel. I'm not monetized there. Okay, so all the things I share in Telegram, I
263 |262 |00:22:25 ~-~-> 00:22:29 |could be putting it right here and making whatever more money that would
264 |263 |00:22:29 ~-~-> 00:22:33 |equate to. I'm trying to show you things where it's just me sharing because I
265 |264 |00:22:33 ~-~-> 00:22:37 |like sharing. Okay, if I want to make money marketing, I can do that,
266 |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
267 |266 |00:22:43 ~-~-> 00:22:45 |use this information now in the last hour trading. So we're going to take
268 |267 |00:22:45 ~-~-> 00:22:53 |this information and zoom in. So we have this gap in here, and these are exactly
269 |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
270 |269 |00:22:59 ~-~-> 00:23:03 |do, like a big screen on my computer because I was downstairs and I was away
271 |270 |00:23:03 ~-~-> 00:23:08 |from constantly looking at the chart, so I could only run over to it, peak, run
272 |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,
273 |272 |00:23:12 ~-~-> 00:23:17 |which is what I always will use for telegram examples, I was managing from
274 |273 |00:23:17 ~-~-> 00:23:21 |my laptop while I was two or three feet away from my wife. So I was juggling
275 |274 |00:23:21 ~-~-> 00:23:26 |being a dad and being a husband and also trying to provide content. So inside
276 |275 |00:23:26 ~-~-> 00:23:34 |this candlestick I'm going short. I wanted to be inside this volume
277 |276 |00:23:34 ~-~-> 00:23:38 |imbalance in this high but because I drew the line on the phone, it should be
278 |277 |00:23:38 ~-~-> 00:23:41 |anchored right there, so I'm going to leave it as it was on the telegram
279 |278 |00:23:41 ~-~-> 00:23:44 |channel so that we can see it. But see it. But the information here is all the
280 |279 |00:23:44 ~-~-> 00:23:49 |things I had notes from that were sitting next to me that allow me to see
281 |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
282 |281 |00:23:57 ~-~-> 00:24:04 |you want to have this level here, 21,004 zero, 4.00 those lows on the daily
283 |282 |00:24:04 ~-~-> 00:24:08 |chart, you'll see them very clearly as of what they are. But this level here is
284 |283 |00:24:08 ~-~-> 00:24:12 |my next point of interest, where I think sell side below that could cause things
285 |284 |00:24:12 ~-~-> 00:24:15 |get real, real interesting on the downside for NASDAQ. So anyway, we
286 |285 |00:24:15 ~-~-> 00:24:20 |entered into the last hour. We traded softer, and then we had this little
287 |286 |00:24:20 ~-~-> 00:24:25 |retracement here. During the recording, I took the little drawing instrument
288 |287 |00:24:25 ~-~-> 00:24:29 |that is available if you're using a Samsung Galaxy Note. That's the kind of
289 |288 |00:24:29 ~-~-> 00:24:33 |phone I have. I don't get anything for mentioning Samsung, but they are
290 |289 |00:24:33 ~-~-> 00:24:39 |superior to Apple products. Apple sucks. So if you have the retracement here, and
291 |290 |00:24:39 ~-~-> 00:24:43 |likely see lower prices, this retracement, back up into this
292 |291 |00:24:43 ~-~-> 00:24:48 |inefficiency right here, volume imbalance to that, candlesticks low. The
293 |292 |00:24:48 ~-~-> 00:24:52 |bodies are respecting that. And then I draw a line, entertain that's going to
294 |293 |00:24:52 ~-~-> 00:24:58 |dump. And it does that. There was really nothing in here, except for the
295 |294 |00:24:58 ~-~-> 00:25:04 |immediate rebalance here, near. The low and below the midpoint, below the
296 |295 |00:25:04 ~-~-> 00:25:08 |constant crochet in that shaded area, which is an inversion Peri per gap now.
297 |296 |00:25:09 ~-~-> 00:25:12 |So another example of immediate rebalance. And then it breaks
298 |297 |00:25:12 ~-~-> 00:25:17 |aggressively lower, taking the cell side below the intraday load it formed in the
299 |298 |00:25:17 ~-~-> 00:25:21 |morning session just after 10 o'clock, and then it went a little bit lower. I
300 |299 |00:25:21 ~-~-> 00:25:27 |had limit order to get out, you know, below this. But as it was trading down,
301 |300 |00:25:27 ~-~-> 00:25:32 |I just kept taking two contracts off, two contracts off, and then I did the
302 |301 |00:25:32 ~-~-> 00:25:36 |last one as a market order, and didn't let the actual limit order fill. It
303 |302 |00:25:36 ~-~-> 00:25:40 |would have filled easily, but because I was doing too many things at one time, I
304 |303 |00:25:40 ~-~-> 00:25:44 |just wanted to make sure I captured that while it was below the intra daily low.
305 |304 |00:25:44 ~-~-> 00:25:49 |And again, this is river trading hours, final hour. And I'll show you now the
306 |305 |00:25:49 ~-~-> 00:25:53 |executions, toggling. Just the execution. You see the arrows. I'm
307 |306 |00:25:53 ~-~-> 00:25:57 |inside that candlestick. And inside that candlestick, why am I taking the second
308 |307 |00:25:57 ~-~-> 00:26:01 |entry there? Because inside of this order block, which are these two up
309 |308 |00:26:01 ~-~-> 00:26:05 |close candles I'm entering in both of these entries, even though I missed the
310 |309 |00:26:05 ~-~-> 00:26:11 |actual high end premium entry point. We're inside of these last up close
311 |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
312 |311 |00:26:15 ~-~-> 00:26:19 |thinking that I'm missing or chasing anything. You may think that I'm chasing
313 |312 |00:26:19 ~-~-> 00:26:21 |because you don't know what you're talking about when it comes to my
314 |313 |00:26:21 ~-~-> 00:26:26 |content. But inside of these two candlesticks, anything inside that that
315 |314 |00:26:26 ~-~-> 00:26:30 |is not chasing price when you're trying to get short. And then obviously the
316 |315 |00:26:30 ~-~-> 00:26:34 |actual execution price points here, and you'll see in the recording that these
317 |316 |00:26:34 ~-~-> 00:26:38 |are absolutely what's being recorded on my phone, for that example, that was
318 |317 |00:26:38 ~-~-> 00:26:41 |shown in telegram. So I hope you found insightful. Hope you learned something
319 |318 |00:26:41 ~-~-> 00:26:44 |from this, and Lord willing, tomorrow, I'll be back with you around 915,
320 |319 |00:26:45 ~-~-> 00:26:50 |Eastern Time in the telegram channel to give you real time opinions, tape
321 |320 |00:26:50 ~-~-> 00:26:56 |reading and whatever else I feel like sharing. Until then, be safe. You.