Wiki source code of ICT YT - 2025-04-02 - 2025 Lecture Series - NQ Futures Review 04-01-2025
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2 | |1 |00:00:36 ~-~-> 00:00:39 |ICT: Hello folks, welcome back. All right, so we're gonna be looking at the | ||
3 | |2 |00:00:39 ~-~-> 00:00:51 |Tuesday's price action for NASDAQ for April 1, 2025 All right, so here's the | ||
4 | |3 |00:00:51 ~-~-> 00:00:56 |daily chart, and I'll put the lipstick on that was pertinent to the recent | ||
5 | |4 |00:00:57 ~-~-> 00:01:06 |downside in price action. That's called encroachment of the premium wick, making | ||
6 | |5 |00:01:06 ~-~-> 00:01:10 |the high the draw was the volume of balance on the daily chart. Market | ||
7 | |6 |00:01:10 ~-~-> 00:01:14 |breaks down, attack the relatively cool lows there and the relative equal lows | ||
8 | |7 |00:01:14 ~-~-> 00:01:20 |there, and then true to formats I was expecting Friday, the limit order that | ||
9 | |8 |00:01:20 ~-~-> 00:01:27 |was not able to be triggered on my short position to close it that buy limit | ||
10 | |9 |00:01:27 ~-~-> 00:01:33 |order was tripped at Sunday's opening, and we were trading down below the | ||
11 | |10 |00:01:33 ~-~-> 00:01:47 |projection I gave on the summary for stuck on Saturday. Here's a 15 minute | ||
12 | |11 |00:01:47 ~-~-> 00:01:56 |time frame if you study my core content, the lessons on day trading and scalping. | ||
13 | |12 |00:01:56 ~-~-> 00:02:04 |I walk through a lot of the preliminary things, the things that I look for, the | ||
14 | |13 |00:02:04 ~-~-> 00:02:08 |things I have to reference. And a lot of folks say they study the core content, | ||
15 | |14 |00:02:08 ~-~-> 00:02:12 |but I think they binge watch it like Netflix, and they don't take any notes. | ||
16 | |15 |00:02:12 ~-~-> 00:02:16 |But what I'm using, and what I've used today was right out of the core content | ||
17 | |16 |00:02:16 ~-~-> 00:02:20 |of my mentorship lessons that I used to charge money for. They're right on my | ||
18 | |17 |00:02:20 ~-~-> 00:02:24 |YouTube channel. Just do a YouTube search on my inner circle trader YouTube | ||
19 | |18 |00:02:24 ~-~-> 00:02:31 |channel and look for the day trading modules. And it's eight videos, and it | ||
20 | |19 |00:02:31 ~-~-> 00:02:36 |helps you break down what it is that I'm teaching predominantly here, but just | ||
21 | |20 |00:02:36 ~-~-> 00:02:41 |using the first presented fair value gap as the PD array, all right, so you can | ||
22 | |21 |00:02:41 ~-~-> 00:02:48 |take a look at the low here. This was nine o'clock low during Asia last night. | ||
23 | |22 |00:02:48 ~-~-> 00:02:54 |So it's my local Monday evening time, but it's all part of Tuesday's trading. | ||
24 | |23 |00:02:54 ~-~-> 00:02:57 |And I apologize you're gonna hear my Puppy's trip traffic, but I don't have | ||
25 | |24 |00:02:58 ~-~-> 00:03:04 |the patience to edit and redo it also. This was yesterday's high inside of | ||
26 | |25 |00:03:04 ~-~-> 00:03:09 |regular trading hours. So regular trading hours high. That was where I got | ||
27 | |26 |00:03:09 ~-~-> 00:03:18 |the 19,049.75 level. And Asia's low at nine o'clock or thereabouts. And that | ||
28 | |27 |00:03:18 ~-~-> 00:03:24 |was where I got the 19,002 83.25 level. That's the levels I gave you in the | ||
29 | |28 |00:03:24 ~-~-> 00:03:29 |telegram channel before this morning's regular trading hours began at 930 | ||
30 | |29 |00:03:29 ~-~-> 00:03:33 |Eastern time. Okay, so I told you that those are the levels to be watching. | ||
31 | |30 |00:03:33 ~-~-> 00:03:37 |Those are the things that the algorithm is going to be referring to. And the | ||
32 | |31 |00:03:37 ~-~-> 00:03:42 |market data pack dropped down into it and then sent it higher later on to tag | ||
33 | |32 |00:03:42 ~-~-> 00:03:46 |it. Now notice inside this shaded area now trading views recently added this, | ||
34 | |33 |00:03:47 ~-~-> 00:03:52 |admittedly, I'm not a fan of it, but here it accomplishes the method. So what | ||
35 | |34 |00:03:52 ~-~-> 00:03:59 |it is is it's showing the the shaded area of electronic trading hours and | ||
36 | |35 |00:03:59 ~-~-> 00:04:03 |then the resuming of regular trading hours. So regular trading hours is | ||
37 | |36 |00:04:03 ~-~-> 00:04:11 |always 930 to 414 week before 415 so 4:15pm Eastern Time, regular trading | ||
38 | |37 |00:04:11 ~-~-> 00:04:19 |hours close, but electronic trading hours pick up and continue on into the | ||
39 | |38 |00:04:19 ~-~-> 00:04:23 |5pm close Eastern Time, and they had that one hour break, and we start | ||
40 | |39 |00:04:23 ~-~-> 00:04:28 |trading again at 6pm Eastern time. So this high here notice during the | ||
41 | |40 |00:04:29 ~-~-> 00:04:35 |electronic trading hours ahead of 6am or so, it did, in fact, take that high out | ||
42 | |41 |00:04:36 ~-~-> 00:04:42 |whenever that happens. And then we trade back down lower the opening bell at 930 | ||
43 | |42 |00:04:43 ~-~-> 00:04:47 |rated trading hours, this is always going to be a high probability candidate | ||
44 | |43 |00:04:47 ~-~-> 00:04:52 |to be revisited. Okay, so think about what I put in the telegram channel this | ||
45 | |44 |00:04:52 ~-~-> 00:04:58 |morning. Then look at what we're showing here. Anything that happens in | ||
46 | |45 |00:04:58 ~-~-> 00:05:04 |electronic trading hours. Should be confirmed in regular trading hours. | ||
47 | |46 |00:05:04 ~-~-> 00:05:09 |There's a whole lot of significance placed on what happens after the opening | ||
48 | |47 |00:05:09 ~-~-> 00:05:15 |bill at 930 Eastern time. So if a gap fills, that was accomplished inside | ||
49 | |48 |00:05:15 ~-~-> 00:05:18 |electronic trading hours, but not in regular trading hours, regular trading | ||
50 | |49 |00:05:18 ~-~-> 00:05:23 |hours, I'm going to be looking for that gap to be revisited. So even though it | ||
51 | |50 |00:05:23 ~-~-> 00:05:28 |may happen in this portion of time, it doesn't matter as much as it does in | ||
52 | |51 |00:05:28 ~-~-> 00:05:36 |record trading hours. Okay, so if you study your old data and look at your old | ||
53 | |52 |00:05:36 ~-~-> 00:05:39 |price moves that you should be journaling, you'll see that this is a | ||
54 | |53 |00:05:39 ~-~-> 00:05:43 |truism. It's not something that's contrived, just because I had it used | ||
55 | |54 |00:05:43 ~-~-> 00:05:48 |today and it was working. So sell side we had defined, and buy side we had | ||
56 | |55 |00:05:48 ~-~-> 00:05:56 |defined. Okay, so let's go into the one minute chart. You can see here at 930 | ||
57 | |56 |00:05:57 ~-~-> 00:06:01 |electronic trading hours, shifts to regular trading hours. And then we had | ||
58 | |57 |00:06:01 ~-~-> 00:06:06 |the opening price there. So that is the opening range gap low, and the opening | ||
59 | |58 |00:06:06 ~-~-> 00:06:11 |range gap high is the previous settlement price at 4:14pm, Eastern, | ||
60 | |59 |00:06:11 ~-~-> 00:06:18 |Standard Time. All I'm in a chart, and then that's, that's your opening range | ||
61 | |60 |00:06:18 ~-~-> 00:06:22 |gap. Half of that is this red line here. That is the consequent encroachment | ||
62 | |61 |00:06:22 ~-~-> 00:06:29 |level. And we didn't get a fair value gap form all the way until this | ||
63 | |62 |00:06:29 ~-~-> 00:06:35 |candlestick right there. Okay, so that's the very first presented fair value gap. | ||
64 | |63 |00:06:35 ~-~-> 00:06:41 |Notice it's on top of the opening range gap high. That's that level here, 19,004 | ||
65 | |64 |00:06:42 ~-~-> 00:06:47 |23, and a half. Now I gave guidance this morning in the telegram channel that as | ||
66 | |65 |00:06:47 ~-~-> 00:06:57 |long as we are looking for price below the opening range gap high at 11. I'm | ||
67 | |66 |00:06:57 ~-~-> 00:07:03 |sorry, at 10am Eastern Time, why 10am Eastern Time? 10am Eastern Time is where | ||
68 | |67 |00:07:03 ~-~-> 00:07:08 |we had all of those reports that were due out to release data for PMI and | ||
69 | |68 |00:07:08 ~-~-> 00:07:11 |whatever. I can't remember. I thought my head was but there were several reports | ||
70 | |69 |00:07:11 ~-~-> 00:07:15 |that were coming out at the 10 o'clock hour Eastern Time on Tuesday, April 1 | ||
71 | |70 |00:07:15 ~-~-> 00:07:20 |2025 so I mentioned that that would be the real move that would start the | ||
72 | |71 |00:07:20 ~-~-> 00:07:26 |opening range and utilize the first presented fair value gap. So as you can | ||
73 | |72 |00:07:26 ~-~-> 00:07:33 |see, at 10 o'clock here, we were below the opening range gap high. Okay. So | ||
74 | |73 |00:07:33 ~-~-> 00:07:38 |that means, while we can spike up into the first present the fair value gap in | ||
75 | |74 |00:07:38 ~-~-> 00:07:43 |blue, once price went up there and jumped in, I tried to time out a market | ||
76 | |75 |00:07:43 ~-~-> 00:07:47 |order, and I got it filled just below. But you can see when it was executed. | ||
77 | |76 |00:07:47 ~-~-> 00:07:53 |You'll have a recording here in a second. Show it to you, but I was trying | ||
78 | |77 |00:07:53 ~-~-> 00:07:58 |to time it as it punched up into that. And several of you have already sent me | ||
79 | |78 |00:07:58 ~-~-> 00:08:06 |comments in YouTube on another video and or commenting on X to me, why is I so | ||
80 | |79 |00:08:06 ~-~-> 00:08:10 |confident to enter ahead of 10 O'Clock News? Because all of the things that | ||
81 | |80 |00:08:10 ~-~-> 00:08:14 |have been shown here, we had a short term high taken out. We rallied above, | ||
82 | |81 |00:08:14 ~-~-> 00:08:20 |in other words, we sat above price action being about this high, and above | ||
83 | |82 |00:08:20 ~-~-> 00:08:26 |the opening range, gap high, which was yesterday, Mondays, 4:14pm, Eastern | ||
84 | |83 |00:08:26 ~-~-> 00:08:32 |Time, closing price. So it just felt like they were keeping it up there and | ||
85 | |84 |00:08:32 ~-~-> 00:08:36 |knocked out anyone that was short, that would have made money going down into | ||
86 | |85 |00:08:36 ~-~-> 00:08:40 |Asia's low. So the market trades up. Look at the bodies telling the narrative | ||
87 | |86 |00:08:40 ~-~-> 00:08:44 |there you see that I teach that the wicks are allowed to do the damage. They | ||
88 | |87 |00:08:44 ~-~-> 00:08:48 |can color outside the lines, but the bodies were telling me, okay, yeah, I'm | ||
89 | |88 |00:08:48 ~-~-> 00:08:54 |on side. I'm right. So I'm going to look for price to start gravitating lower. | ||
90 | |89 |00:08:55 ~-~-> 00:09:01 |Now, if I would have been stopped out here, I would have used consequent | ||
91 | |90 |00:09:01 ~-~-> 00:09:04 |encroachment of the opening range gap, which is this level here. And I would | ||
92 | |91 |00:09:04 ~-~-> 00:09:09 |have went short on the retest of that so words, we see it leave the opening range | ||
93 | |92 |00:09:09 ~-~-> 00:09:13 |gap. This is the level of it. That black line, it leaves it after 10 o'clock news | ||
94 | |93 |00:09:13 ~-~-> 00:09:18 |hits, comes back up. It's the consequent encroachment level, which is classic. | ||
95 | |94 |00:09:18 ~-~-> 00:09:22 |It's being treated the same way I teach, with an inversion fair Vega. When we | ||
96 | |95 |00:09:22 ~-~-> 00:09:25 |have a narrative, when we're expecting price to deliver a certain way, and | ||
97 | |96 |00:09:25 ~-~-> 00:09:29 |start schooling, the PDA rates will be respected just like this. That's the | ||
98 | |97 |00:09:29 ~-~-> 00:09:33 |signatures you're looking for. Smart Money Follows that. Okay, that type of | ||
99 | |98 |00:09:33 ~-~-> 00:09:37 |thing. Okay, just, just understand that that's the closest thing I can say to | ||
100 | |99 |00:09:37 ~-~-> 00:09:42 |it. Then what I can't show outside of the charts, because it's really not in | ||
101 | |100 |00:09:42 ~-~-> 00:09:46 |the charts that's causing like these things aren't making price do it, but | ||
102 | |101 |00:09:46 ~-~-> 00:09:51 |it's the language I created to facilitate an understanding of when | ||
103 | |102 |00:09:52 ~-~-> 00:09:58 |price will start moving algorithmically, by time, first, then by price running to | ||
104 | |103 |00:09:58 ~-~-> 00:10:03 |a draw in liquidity or in a. Efficiency. That's primarily all you're going to see | ||
105 | |104 |00:10:03 ~-~-> 00:10:07 |in price action, unless it's manipulation. So the market breaks down | ||
106 | |105 |00:10:07 ~-~-> 00:10:11 |lower. We get a fair value gap here. Why is that important? Because it's the | ||
107 | |106 |00:10:11 ~-~-> 00:10:15 |first one after moving away from the consequent encroachment level. So we | ||
108 | |107 |00:10:15 ~-~-> 00:10:20 |want to see this act as, in some ways, a measuring gap. If you look at | ||
109 | |108 |00:10:20 ~-~-> 00:10:25 |essentially the high down to that low, take that range and duplicate it from | ||
110 | |109 |00:10:25 ~-~-> 00:10:29 |here down to the low, and you'll get the same range. Okay, so it's like a | ||
111 | |110 |00:10:29 ~-~-> 00:10:34 |measured move idea. But this is the gap. I said that price should keep | ||
112 | |111 |00:10:36 ~-~-> 00:10:41 |n cubed lower than this, this fair value gap. So this very, very fair value gap, | ||
113 | |112 |00:10:41 ~-~-> 00:10:46 |excuse me, was the one I initially talked about, and the only one that | ||
114 | |113 |00:10:46 ~-~-> 00:10:49 |mentioned outside of the first minute fair value got that price should stay | ||
115 | |114 |00:10:49 ~-~-> 00:10:54 |lower than that, and it should keep price lower so it offered a premium | ||
116 | |115 |00:10:55 ~-~-> 00:11:00 |characteristic, allowing price to touch it and trade lower. And this line right | ||
117 | |116 |00:11:00 ~-~-> 00:11:11 |here, the 19,004 I'm sorry, 19,003 45.2 excuse me, 19,345.75 level is the old | ||
118 | |117 |00:11:11 ~-~-> 00:11:16 |daily low, okay, the very one I was aiming for after we traded higher into | ||
119 | |118 |00:11:16 ~-~-> 00:11:20 |that volume of balance that tells you would run to. I have it here just for, | ||
120 | |119 |00:11:20 ~-~-> 00:11:24 |like, a higher time frame reference point, because it respected it here. But | ||
121 | |120 |00:11:24 ~-~-> 00:11:27 |I mentioned that we would go down here, which is Asia's low and the market did, | ||
122 | |121 |00:11:27 ~-~-> 00:11:31 |in fact, trade down in there a little, got a little busy in here, and finally | ||
123 | |122 |00:11:31 ~-~-> 00:11:36 |came down and gave me a target and went a little bit lower. And then the sharp | ||
124 | |123 |00:11:36 ~-~-> 00:11:41 |reaction off of that is this, one of those beautiful things where we get to | ||
125 | |124 |00:11:41 ~-~-> 00:11:45 |see the market draw rate back up into the up into the counter key level, which | ||
126 | |125 |00:11:45 ~-~-> 00:11:50 |was Monday's high, being delivered during regular trading hours, not during | ||
127 | |126 |00:11:50 ~-~-> 00:11:54 |the electronic trading hours over here, but regular trading hours. And you can | ||
128 | |127 |00:11:54 ~-~-> 00:12:00 |see that actually happened as well there. And both trades that I used, both | ||
129 | |128 |00:12:00 ~-~-> 00:12:06 |the sell side draw and the buy side draw, I keyed off of the first percent | ||
130 | |129 |00:12:06 ~-~-> 00:12:12 |of fair value gap, first one going down and then going higher. Now these are | ||
131 | |130 |00:12:12 ~-~-> 00:12:18 |intraday scalps. If I were to use a day trading model, I could have done the | ||
132 | |131 |00:12:18 ~-~-> 00:12:26 |very same thing by shorting it here and then went long on a reversal below that, | ||
133 | |132 |00:12:26 ~-~-> 00:12:33 |19,002 83, and a quarter, or used this by side, amount of cell sign efficiency | ||
134 | |133 |00:12:34 ~-~-> 00:12:41 |with a breaker. So we have high, I'm sorry, low, high, lower, low, fair | ||
135 | |134 |00:12:42 ~-~-> 00:12:46 |value, gap, buy side and balance cell sign in efficiency, couple that | ||
136 | |135 |00:12:46 ~-~-> 00:12:50 |together, institutional order, flow, entry, drill, you can get long there. | ||
137 | |136 |00:12:50 ~-~-> 00:12:55 |Now I understand if you're new to me or you haven't really watched my my work | ||
138 | |137 |00:12:55 ~-~-> 00:12:59 |and spend time with me, especially in the telegram channel where I'm calling | ||
139 | |138 |00:12:59 ~-~-> 00:13:04 |all this stuff live before it happens. When I talk about things like this over | ||
140 | |139 |00:13:04 ~-~-> 00:13:07 |a static chart, it sounds like, well, obviously hindsight makes it easy. | ||
141 | |140 |00:13:07 ~-~-> 00:13:12 |Anybody can do what you're doing, but I think I earned the right to do this now, | ||
142 | |141 |00:13:12 ~-~-> 00:13:15 |you know, and anyone that says otherwise, is this not they're just not | ||
143 | |142 |00:13:16 ~-~-> 00:13:22 |worth my time spending and replying to but a rally from here and back up above | ||
144 | |143 |00:13:22 ~-~-> 00:13:32 |that 19,003 45.75 level. That's the old daily low. That rally from here sends us | ||
145 | |144 |00:13:32 ~-~-> 00:13:35 |up into the opening range gap again. Here's the low. This is the consequence | ||
146 | |145 |00:13:35 ~-~-> 00:13:39 |encroachment level, and then the high of it. It trades to it and through it and | ||
147 | |146 |00:13:39 ~-~-> 00:13:44 |comes right back down touches what the midpoint or consequent encroachment of | ||
148 | |147 |00:13:44 ~-~-> 00:13:48 |the opening range gap, it is now favorable to go long. There I was | ||
149 | |148 |00:13:48 ~-~-> 00:13:52 |watching live streamers, and I I'm not interested in taking another trade. But | ||
150 | |149 |00:13:52 ~-~-> 00:13:56 |when it got up into here, I was like, Well, you know, I'm gonna, I'm gonna | ||
151 | |150 |00:13:56 ~-~-> 00:14:01 |take it. I'm gonna try to get in there during the first business fair value | ||
152 | |151 |00:14:01 ~-~-> 00:14:05 |gap, and the market trades outside of it comes back down. And again. Here I | ||
153 | |152 |00:14:05 ~-~-> 00:14:09 |wanted to add, but I said this is enough, and then targeted that Monday's | ||
154 | |153 |00:14:09 ~-~-> 00:14:14 |high and trades right up into it beautifully. It actually trades higher. | ||
155 | |154 |00:14:15 ~-~-> 00:14:20 |And while I wasn't all that interested in following through with it, I'm just | ||
156 | |155 |00:14:20 ~-~-> 00:14:24 |giving what I've been promising I would do this year would be simply going in, | ||
157 | |156 |00:14:24 ~-~-> 00:14:27 |finding surgical strikes and price action based on the things I've already | ||
158 | |157 |00:14:27 ~-~-> 00:14:32 |taught. I'm not re teaching anything. I'm not adding new lessons. I'm simply | ||
159 | |158 |00:14:32 ~-~-> 00:14:38 |just using the material in the in the motives behind what to use and what to | ||
160 | |159 |00:14:38 ~-~-> 00:14:43 |reach for. I'm just doing okay. And a lot of you asked for this for many | ||
161 | |160 |00:14:43 ~-~-> 00:14:48 |years, for me to just simply get on here and just do it, call it out, live and | ||
162 | |161 |00:14:48 ~-~-> 00:14:51 |trade it, and that's what I'm doing. So for the folks that don't feel like I'm | ||
163 | |162 |00:14:51 ~-~-> 00:14:55 |teaching it's because I already taught it. It's all on my YouTube channel. 2024 | ||
164 | |163 |00:14:56 ~-~-> 00:15:02 |mentorship. 2022 mentorship, the. The core content lessons from my paid | ||
165 | |164 |00:15:02 ~-~-> 00:15:07 |mentorship, which I gave and gifted this community for free. That's a lot of | ||
166 | |165 |00:15:07 ~-~-> 00:15:13 |information in there, and you can see clearly that it still works. But a day | ||
167 | |166 |00:15:13 ~-~-> 00:15:18 |traders model, where you're trading daily range would be going long down | ||
168 | |167 |00:15:18 ~-~-> 00:15:22 |here after taking ages low. And you will learn that if you go through the core | ||
169 | |168 |00:15:22 ~-~-> 00:15:29 |content, it's exactly what I'm teaching in that paid mentorship material. And | ||
170 | |169 |00:15:29 ~-~-> 00:15:35 |here's the examples of my entry, showing the executions. There you go, there, | ||
171 | |170 |00:15:37 ~-~-> 00:15:41 |take a partial, take another partial, take, another partial, and then finally | ||
172 | |171 |00:15:41 ~-~-> 00:15:46 |limiting out, and then buying here on the run higher. Let me switch that over | ||
173 | |172 |00:15:46 ~-~-> 00:15:56 |there. So there's my entry at 19,004 30 inside of the versus, that's where I got | ||
174 | |173 |00:15:56 ~-~-> 00:16:02 |and then it drops back down in that could have been a entry there for your | ||
175 | |174 |00:16:04 ~-~-> 00:16:08 |silver bullet during the 10 o'clock hour, there's always one every single | ||
176 | |175 |00:16:08 ~-~-> 00:16:14 |day, every single 10 o'clock to 11 o'clock hour, there's always every | ||
177 | |176 |00:16:14 ~-~-> 00:16:19 |single day, without fail, it always, it will always, always be there. But you | ||
178 | |177 |00:16:19 ~-~-> 00:16:23 |have to have key reference levels to know where it's likely to draw to and | ||
179 | |178 |00:16:23 ~-~-> 00:16:28 |where it's likely to draw from. And it's all painting a narrative and building, | ||
180 | |179 |00:16:28 ~-~-> 00:16:31 |not just simply a bias, but understanding how it's going to fulfill | ||
181 | |180 |00:16:31 ~-~-> 00:16:37 |that idea. And then it trades up into the 19,004 90.25 level, which is just | ||
182 | |181 |00:16:37 ~-~-> 00:16:41 |above the price that Monday's High was. So let me show you the video where I | ||
183 | |182 |00:16:41 ~-~-> 00:16:46 |actually executed just ask you in advance this. Forgive me for not | ||
184 | |183 |00:16:47 ~-~-> 00:16:51 |updating the location of the 15 second chart on the right hand side, you'll see | ||
185 | |184 |00:16:51 ~-~-> 00:16:57 |it pan out when the charts moving at the time, I'm capturing certain things on my | ||
186 | |185 |00:16:57 ~-~-> 00:17:03 |phone because I only want to put my images from my phone on telegram. So I'm | ||
187 | |186 |00:17:03 ~-~-> 00:17:10 |not I'm not hooking my laptop up to telegram. I don't let anything sync to | ||
188 | |187 |00:17:10 ~-~-> 00:17:15 |my ISP. I have a separate ISP that I don't use for YouTube, I don't use for | ||
189 | |188 |00:17:15 ~-~-> 00:17:19 |anything. I don't ever email from it, and it's just a way for me to keep | ||
190 | |189 |00:17:19 ~-~-> 00:17:27 |things secure. So my my phone will have images from trading view captured from a | ||
191 | |190 |00:17:27 ~-~-> 00:17:32 |phone perspective only, but you can see all these things match, and everything's | ||
192 | |191 |00:17:32 ~-~-> 00:17:36 |called out beforehand. But let's take a look at the recording of the execution, | ||
193 | |192 |00:17:41 ~-~-> 00:17:46 |right? So we're, we're trading just below the opening range and inside that | ||
194 | |193 |00:17:46 ~-~-> 00:17:51 |first Renate fair value gap. I went short there. My stop loss is based on | ||
195 | |194 |00:17:52 ~-~-> 00:17:56 |this high right here. I don't believe it's going to go up there. And if it | ||
196 | |195 |00:17:56 ~-~-> 00:17:59 |were, I would use this level, as I mentioned earlier, to get short once it | ||
197 | |196 |00:17:59 ~-~-> 00:18:05 |trades below and outside of the opening range. Cap low. So I know I'm pretty | ||
198 | |197 |00:18:05 ~-~-> 00:18:08 |solid now because we had more mineral bump above this candlesticks high. | ||
199 | |198 |00:18:09 ~-~-> 00:18:16 |Didn't touch this one. So that's another example of random stop placement. So we | ||
200 | |199 |00:18:16 ~-~-> 00:18:20 |are going to look for a close outside of the opening range, gap low. There we got | ||
201 | |200 |00:18:20 ~-~-> 00:18:30 |it. Now I gave a level a 19,314.25 where that level came from. It's basically my | ||
202 | |201 |00:18:30 ~-~-> 00:18:40 |event horizon concept applied to Asian range, low at nine o'clock, and then the | ||
203 | |202 |00:18:41 ~-~-> 00:18:46 |old daily lows on the daily chart we aimed for from the volume imbalance, and | ||
204 | |203 |00:18:46 ~-~-> 00:18:50 |half of that is this level here, so we take it right back up into consequent | ||
205 | |204 |00:18:50 ~-~-> 00:18:54 |encroachment. Again. I wanted to add here, but I was like, no, just this is | ||
206 | |205 |00:18:54 ~-~-> 00:19:02 |enough, and I want to see it get heavy in here. We left the cell side below | ||
207 | |206 |00:19:02 ~-~-> 00:19:11 |here. So we have minor 19,003 40 cell side draw to 90,003 14.25 now that's | ||
208 | |207 |00:19:11 ~-~-> 00:19:15 |your last chance, right there. If you weren't short that this is where you | ||
209 | |208 |00:19:16 ~-~-> 00:19:19 |think you're you're short now, because it's doing that last chance to get in | ||
210 | |209 |00:19:19 ~-~-> 00:19:23 |there, that's when I moved my stop to cover cost, because if it does rally | ||
211 | |210 |00:19:23 ~-~-> 00:19:28 |from here, I'm absolutely wrong, and it probably would have taken out the high | ||
212 | |211 |00:19:28 ~-~-> 00:19:32 |of Monday and then traded down there. So either one of those levels, it would | ||
213 | |212 |00:19:32 ~-~-> 00:19:36 |have been first and then the second would be the other level. So we break | ||
214 | |213 |00:19:36 ~-~-> 00:19:46 |lower again, took out the old daily low at 19,003 45.75 and they held price in | ||
215 | |214 |00:19:46 ~-~-> 00:19:52 |here a lot. And then we have a fair value gap here. I mentioned that we want | ||
216 | |215 |00:19:52 ~-~-> 00:19:56 |to see that price right there, hold price down. In other words, we don't | ||
217 | |216 |00:19:56 ~-~-> 00:20:00 |want to see a trade back up in the opening range gap below. So I'll do. A | ||
218 | |217 |00:20:00 ~-~-> 00:20:06 |partial there, because it's below that block of candlesticks and below the 340, | ||
219 | |218 |00:20:06 ~-~-> 00:20:12 |5.75 level by one tick, but still enough, and it's testing that old daily | ||
220 | |219 |00:20:12 ~-~-> 00:20:18 |low. And watch that fair value gap right in here. I don't have it shaded because | ||
221 | |220 |00:20:18 ~-~-> 00:20:23 |I'm doing too many things at one time, but I'm called that out in the telegram | ||
222 | |221 |00:20:23 ~-~-> 00:20:26 |channel, so we tagged it one more time in here. So now we really want to see it | ||
223 | |222 |00:20:26 ~-~-> 00:20:31 |become real heavy here. Heavy means we want to see price show reluctance to | ||
224 | |223 |00:20:31 ~-~-> 00:20:36 |want to go higher, but make it real easy for it to go lower. And that's what | ||
225 | |224 |00:20:36 ~-~-> 00:20:40 |you're seeing here. And I'll be interested to get partial off again as | ||
226 | |225 |00:20:40 ~-~-> 00:20:45 |price is breaking below the lows here, so here's me taking another partial. So | ||
227 | |226 |00:20:45 ~-~-> 00:20:48 |I have two contracts left. The stock's been lowered below the consequent | ||
228 | |227 |00:20:48 ~-~-> 00:20:56 |encroachment. And as we get lower, if we take out this low in here, I'll take | ||
229 | |228 |00:20:56 ~-~-> 00:21:00 |another partial. Say that's where I was talking about. I wasn't paying anything | ||
230 | |229 |00:21:00 ~-~-> 00:21:05 |to this chart over here. I wanted you to be able to see everything via a 15 | ||
231 | |230 |00:21:05 ~-~-> 00:21:10 |second chart, so you can see the order flow everything there too. But doing too | ||
232 | |231 |00:21:10 ~-~-> 00:21:15 |many things is what happens. And there's a partial again, and I lowered the stop | ||
233 | |232 |00:21:15 ~-~-> 00:21:18 |right above the high of that fair value gap, because if it's now going to trade | ||
234 | |233 |00:21:18 ~-~-> 00:21:23 |back to it, it's it's going to go higher. So I would want to be out of | ||
235 | |234 |00:21:23 ~-~-> 00:21:23 |that. | ||
236 | |235 |00:21:29 ~-~-> 00:21:34 |I'm just submitting to time and letting price do what it needs to do. I stated | ||
237 | |236 |00:21:34 ~-~-> 00:21:37 |I'm allowing it to be a little dirty in here, which is what it's doing here. And | ||
238 | |237 |00:21:37 ~-~-> 00:21:42 |I'm sure that probably made some of you nervous. You can see nothing changes | ||
239 | |238 |00:21:42 ~-~-> 00:21:48 |here on my end. And then that's the consequent encouragement of the wicks, | ||
240 | |239 |00:21:48 ~-~-> 00:21:52 |is what I ascend inside of the telegram channel. And you can match this up with | ||
241 | |240 |00:21:52 ~-~-> 00:21:58 |the minutes. You can follow the minutes here in the right hand corner and see | ||
242 | |241 |00:21:58 ~-~-> 00:22:03 |when I posted what I posted, everything before the Fact, and you'll see the the | ||
243 | |242 |00:22:03 ~-~-> 00:22:04 |effects of it. I | ||
244 | |243 |00:22:31 ~-~-> 00:22:35 |questions all the time. What am I showing up here when I do this app here | ||
245 | |244 |00:22:36 ~-~-> 00:22:40 |versus market open? I want you to focus on the minutes changing, proving that | ||
246 | |245 |00:22:40 ~-~-> 00:22:45 |it's not Market Replay, because you can't do that with Market Replay. You | ||
247 | |246 |00:22:45 ~-~-> 00:22:49 |would be surprised how many people leave comments saying, my examples are in | ||
248 | |247 |00:22:49 ~-~-> 00:22:55 |market replay, and there's my island order being filled, okay, so getting | ||
249 | |248 |00:22:55 ~-~-> 00:23:01 |short, near the high of the run, and exiting in the low, and then ultimately | ||
250 | |249 |00:23:01 ~-~-> 00:23:05 |it does start trading higher and takes out the high and goes to the Monday | ||
251 | |250 |00:23:05 ~-~-> 00:23:10 |high, as I mentioned in the telegram channel. All right, so that's that, and | ||
252 | |251 |00:23:11 ~-~-> 00:23:16 |I want you to think about what I showed today, what I've been showing for the | ||
253 | |252 |00:23:16 ~-~-> 00:23:24 |entirety of this year. I'm going to do far less real time commentary, and I | ||
254 | |253 |00:23:24 ~-~-> 00:23:30 |want to focus on the the few lessons that I had that I wanted to teach this | ||
255 | |254 |00:23:30 ~-~-> 00:23:34 |year. I want to I want to use my energy and time to get through them, because I | ||
256 | |255 |00:23:34 ~-~-> 00:23:38 |promised I'd have a couple of them, and I've not been able to do so my back's | ||
257 | |256 |00:23:38 ~-~-> 00:23:42 |been hurting me a lot, so it's very hard for me to find time when I'm feeling | ||
258 | |257 |00:23:42 ~-~-> 00:23:46 |well, to sit in front of the computer like right now I'm standing in front of | ||
259 | |258 |00:23:46 ~-~-> 00:23:50 |it, but I'm leaning over in a way that it's you would physically you would see | ||
260 | |259 |00:23:50 ~-~-> 00:23:54 |I'm in physical pain if you were just looking at me, and I'm very | ||
261 | |260 |00:23:54 ~-~-> 00:24:00 |uncomfortable. So I'm trying to do what I can, and once I complete them, I don't | ||
262 | |261 |00:24:00 ~-~-> 00:24:04 |know how much more I'm going to put out for the rest of the year. So hopefully | ||
263 | |262 |00:24:04 ~-~-> 00:24:09 |this is going to be you know, enough to get you going and show you that this | ||
264 | |263 |00:24:09 ~-~-> 00:24:13 |stuff does, in fact, work, and it's worth your time and investing in | ||
265 | |264 |00:24:13 ~-~-> 00:24:17 |learning it. But don't expect it to be very quick for you. It never, ever | ||
266 | |265 |00:24:17 ~-~-> 00:24:21 |happens like that. It didn't happen for me and it won't happen for you. So if | ||
267 | |266 |00:24:21 ~-~-> 00:24:24 |you keep your expectations low in that regard, you won't be disappointed. It'll | ||
268 | |267 |00:24:24 ~-~-> 00:24:28 |be something you've expected going in. So again, hopefully this was insightful, | ||
269 | |268 |00:24:28 ~-~-> 00:24:32 |Hopefully it was helpful, and I'll talk to you next time. Lord willing be safe. | ||
270 | |269 |00:24:32 ~-~-> 00:24:32 |You. |