ICT YT - 2025-04-22 - 2025 Lecture Series - Turtle Soup Deferred Entry With -Rejection Block
Last modified by Drunk Monkey on 2025-05-01 11:20
1 | 00:00:01 --> 00:00:09 | ICT: Hello folks, how are you? Hello folks, how are you? So hope you enjoyed |
2 | 00:00:09 --> 00:00:15 | your Passover holiday last week. I know I did. So we're gonna take a quick look. |
3 | 00:00:15 --> 00:00:20 | I promise it won't be long, real quick, easy, painless. If you watched what I |
4 | 00:00:20 --> 00:00:25 | was showcasing this morning in my telegram channel, and you can find the |
5 | 00:00:25 --> 00:00:33 | link to the telegram channel on my pinned post, on my x channel or profile |
6 | 00:00:33 --> 00:00:40 | on X it'll give you a visual on how to locate it on my YouTube channel. So that |
7 | 00:00:40 --> 00:00:43 | way, there's a lot of people out there who have fake ICT telegram channels, and |
8 | 00:00:43 --> 00:00:48 | they're trying to sell you stuff and do all kinds of nonsense. It's very easy |
9 | 00:00:48 --> 00:00:52 | for you to locate it. It's in the channel description on my YouTube |
10 | 00:00:52 --> 00:00:56 | channel, and again, the visuals on actually how to find that is on the |
11 | 00:00:56 --> 00:01:03 | pinned post on my x channel. All right, so we are looking at the five minute |
12 | 00:01:03 --> 00:01:10 | chart on NASDAQ June delivery contract for 2025 this morning, I was outlining |
13 | 00:01:10 --> 00:01:15 | at very low expectations. Admittedly, usually I have my protocol for trading |
14 | 00:01:15 --> 00:01:20 | after a holiday. And even though markets were trading last week, I was not |
15 | 00:01:20 --> 00:01:24 | participating in any of that. I was fasting from the markets, if you will. |
16 | 00:01:26 --> 00:01:36 | And the long separation from what the market did the previous week to when I |
17 | 00:01:36 --> 00:01:42 | first look at the market today, I like to give it up, like one day buffer. So |
18 | 00:01:42 --> 00:01:47 | today I showcased a execution, and you're going to see it again here. Just |
19 | 00:01:47 --> 00:01:52 | for disclosures purpose, I am going to let you know that it was not a live fund |
20 | 00:01:52 --> 00:01:57 | account trade. Usually, I'll come out and I'll tell you, you know, it's, you |
21 | 00:01:57 --> 00:02:00 | know, a demo, when I want you to understand it was a demo. So because |
22 | 00:02:00 --> 00:02:06 | it's within keeping the rules and processes protocols I follow, this could |
23 | 00:02:06 --> 00:02:11 | have very easily been a day where treating this setup would not have |
24 | 00:02:11 --> 00:02:17 | yielded an outcome like this. So because I am a stickler for principles and rules |
25 | 00:02:17 --> 00:02:23 | when I'm trying to teach it to you all, again, just know that the money that you |
26 | 00:02:23 --> 00:02:27 | see here today, shown on this particular trade, was done through the medium of a |
27 | 00:02:27 --> 00:02:32 | paper trading account, through trading view. But again, if the concepts are |
28 | 00:02:32 --> 00:02:36 | showcasing, you know, theory in action, I'll leave it to you as the viewer to |
29 | 00:02:36 --> 00:02:40 | determine whether or not there's any value in that. Okay, so again, as a |
30 | 00:02:40 --> 00:02:44 | reminder, you will see at the end of the year live broker statements. But for |
31 | 00:02:44 --> 00:02:48 | now, let's just get through the year. Okay, so we're looking at the June |
32 | 00:02:48 --> 00:02:54 | contract five minute chart, and I showcased in my telegram channel. We're |
33 | 00:02:54 --> 00:03:00 | gonna look right in here. There was a couple things I had already outlined, |
34 | 00:03:00 --> 00:03:06 | which were this large city for the new weak opening gap. So here's a new week, |
35 | 00:03:06 --> 00:03:12 | opening gap high, and we cover the gap low and the outcome encroachment and |
36 | 00:03:12 --> 00:03:16 | lower and upper quadrant levels. And then we worked away from that. We had a |
37 | 00:03:17 --> 00:03:24 | inversion fair value gap here, trading up into the 650 the 6:10am Eastern Time |
38 | 00:03:24 --> 00:03:29 | macro that supposedly never exists. We have buy side, relative equal eyes here, |
39 | 00:03:30 --> 00:03:34 | and a volume imbalance, really, really easy anticipation running up into that |
40 | 00:03:34 --> 00:03:39 | and in, the market broke aggressively lower. Now, if it was not a day after |
41 | 00:03:40 --> 00:03:46 | the long break from trading, from not participating or even watching price |
42 | 00:03:46 --> 00:03:50 | during the Passover week last week, then I would have actually taken that trade |
43 | 00:03:50 --> 00:03:59 | like that. Would have been an easy low, you know, a low difficulty trade setup, |
44 | 00:03:59 --> 00:04:04 | and I would be looking for this level here, which is an old hourly low. I'll |
45 | 00:04:04 --> 00:04:10 | show it to you in a moment, and then I may have been more inclined to hold on |
46 | 00:04:10 --> 00:04:14 | to the trade for a little bit longer, instead of just a small little move that |
47 | 00:04:14 --> 00:04:22 | I was looking for and you watched me do on the x. So the market again, breaks |
48 | 00:04:22 --> 00:04:26 | below this low here, and I I've taught breakers. Obviously you can go in the |
49 | 00:04:27 --> 00:04:33 | 2016 ICT mentorship playlist, and from month four, I teach the breaker as an |
50 | 00:04:33 --> 00:04:37 | introductory there. I've done lots of lessons and built on it since then. But |
51 | 00:04:38 --> 00:04:43 | this is the candlestick that is my bearish breaker. So technically, what |
52 | 00:04:43 --> 00:04:49 | you want to see is the last down, close candle prior to a run higher. And these |
53 | 00:04:49 --> 00:04:54 | highs here, buy side, lowest low before this high takes out that buy side, and |
54 | 00:04:54 --> 00:04:57 | it trades up into a premium array. I mentioned this in the telegram channel, |
55 | 00:04:57 --> 00:05:00 | but just for completeness, six and there's a lot of you. You that can't, |
56 | 00:05:00 --> 00:05:04 | either subscribe to Telegram, which I don't understand why you can't, it's |
57 | 00:05:04 --> 00:05:10 | free, but or don't want to use Telegram, which I can appreciate and understand |
58 | 00:05:10 --> 00:05:16 | too. But for those individuals that were not members of that and watch me outline |
59 | 00:05:16 --> 00:05:22 | this, you know, explain it in the video, in telegram. I'm doing it for you here. |
60 | 00:05:22 --> 00:05:27 | Just later in the day, I mentioned how I walked through this by center balanced |
61 | 00:05:27 --> 00:05:32 | cell sign in efficiency right here, which is this volume of balance to that |
62 | 00:05:32 --> 00:05:36 | candles that sticks low. So all this shaded area is a biotin and balance cell |
63 | 00:05:36 --> 00:05:40 | sign, efficiency. But when the market provides this context, where it trades |
64 | 00:05:40 --> 00:05:45 | through it. This changes to a inversion, fair value gap, bearish inversion, fair |
65 | 00:05:45 --> 00:05:49 | value gap. Why? Because this was buy side imbalance, outside efficiency. If |
66 | 00:05:49 --> 00:05:52 | it was a bullish market, it would come back down into it and hit it like it did |
67 | 00:05:52 --> 00:05:56 | here, and then rallied up to the premium array. But since we broke down, keeping |
68 | 00:05:56 --> 00:06:03 | with the bearish market directions, and delivered since we started this week |
69 | 00:06:04 --> 00:06:08 | here. And because of all the tariffs and all of the other stuff that's going on |
70 | 00:06:08 --> 00:06:13 | in the geopolitical arena, it's just it's very hard for the market to find |
71 | 00:06:13 --> 00:06:18 | traction. So when we traded below it, I outlined this when we were trading here, |
72 | 00:06:18 --> 00:06:22 | and you can see that in the telegram channel, it trades up into it trace the |
73 | 00:06:22 --> 00:06:26 | consequent encroachment just a little bit above it, the body's respecting the |
74 | 00:06:26 --> 00:06:30 | low end of it, and traded down lower. And then right in here I said, Okay, |
75 | 00:06:30 --> 00:06:35 | hypothetically, you would pay the trader. So that was a pre session setup |
76 | 00:06:35 --> 00:06:40 | that I outlined during the telegram channel. But obviously we know they're |
77 | 00:06:40 --> 00:06:45 | in the opening. The market can run short term highs and short term lows. So if |
78 | 00:06:45 --> 00:06:51 | the markets bearish, and we had relative equal lows down here, you can see how |
79 | 00:06:51 --> 00:06:56 | the market did, in fact, run up. But look at the bodies. See that. So we had |
80 | 00:06:56 --> 00:07:00 | all this damage done with the wick, and then this wick here basically is |
81 | 00:07:00 --> 00:07:07 | consequent encroachment of that I have taught this in 2024 tongue twister. 2024 |
82 | 00:07:08 --> 00:07:13 | I see financial check on my YouTube channel. You can see it's this perfect |
83 | 00:07:13 --> 00:07:17 | delivery. It's algorithmic. Okay, you're gonna tell me that buyers and sellers |
84 | 00:07:17 --> 00:07:22 | agreed to stop transacting right there at the consequent crochet of a level on |
85 | 00:07:22 --> 00:07:26 | a wick was his premium PD array. You're gonna tell me some Gober out there wrote |
86 | 00:07:26 --> 00:07:29 | a book and has that in there before I ever release it to the community. I'm |
87 | 00:07:29 --> 00:07:32 | gonna tell you right now, you're a liar, and nobody's brought it forth to prove |
88 | 00:07:32 --> 00:07:36 | it. Nothing rebranded. All original stuff here, hot, fresh, right from the |
89 | 00:07:36 --> 00:07:39 | oven. And this baker never runs out of yeast, so the market runs up into that |
90 | 00:07:40 --> 00:07:46 | and then breaks lower. So I'm watching this on a five minute chart. You can't |
91 | 00:07:46 --> 00:07:50 | see what I'm seeing because I'm only recording on one screen with my system, |
92 | 00:07:50 --> 00:07:56 | which you can see a short little video that I have 12 monitors in my office, so |
93 | 00:07:56 --> 00:08:00 | I have different time frames on different charts. So I'm watching a |
94 | 00:08:00 --> 00:08:02 | plethora of things. I'm watching other markets that are correlated to it. |
95 | 00:08:03 --> 00:08:07 | Watching es I'm watching YM I'm watching Dollar Index. I'm watching bonds, I'm |
96 | 00:08:07 --> 00:08:11 | watching key currencies. I'm not looking at key stocks. I know that's a popular |
97 | 00:08:11 --> 00:08:15 | thing with a lot of people. I could care less, because everything I need to find |
98 | 00:08:15 --> 00:08:21 | is what I'm looking at. So because we have this idea here, and it's likely to |
99 | 00:08:21 --> 00:08:26 | run the 18,000 zero, 80 level, which, to me, was a very easy, low hanging fruit |
100 | 00:08:26 --> 00:08:32 | objective, very easy, simplistic, nothing crazy about it. It could have |
101 | 00:08:32 --> 00:08:36 | just went down here, take out that low like it did here, and then traded, |
102 | 00:08:36 --> 00:08:39 | banged around a little bit and didn't do anything that would be a classic type of |
103 | 00:08:39 --> 00:08:48 | day after a Passover slash. You may call it Easter break from the normal volume |
104 | 00:08:48 --> 00:08:52 | that comes in the marketplace. If you watched last week, that is a little bit |
105 | 00:08:52 --> 00:08:57 | more animated than a Passover week's volume, because usually it gets real |
106 | 00:08:57 --> 00:09:03 | wonky and it doesn't really deliver very cleanly. And I don't regret being in |
107 | 00:09:03 --> 00:09:08 | front of the the charts at not being in front of the charts at all last week. |
108 | 00:09:08 --> 00:09:13 | But anyway, I'm starting to ramble on. This is the again, the context here from |
109 | 00:09:13 --> 00:09:16 | the five minute basis. And then we're going to drop down at the one minute |
110 | 00:09:16 --> 00:09:18 | chart and finish this up real quick. |
111 | 00:09:18 --> 00:09:23 | Alrighty. Here we are on the one minute chart you can see on this candlestick |
112 | 00:09:23 --> 00:09:27 | right here. It runs up after opening, runs up hits a constant encouragement of |
113 | 00:09:27 --> 00:09:32 | the five minute premium wick stops dead in its tracks, and then starts to |
114 | 00:09:32 --> 00:09:39 | displace and go lower my eye, my eyes is toggled on to that right there, that up |
115 | 00:09:39 --> 00:09:44 | close candle. Now, what am I looking at that for? Why am I watching that? |
116 | 00:09:45 --> 00:09:49 | Because we've already shown the initial run into that inversion, fair value gap, |
117 | 00:09:49 --> 00:09:53 | and this one right here. And then we went lower. So all of this was outlined |
118 | 00:09:53 --> 00:09:59 | before the fact. And then at 930 opening the route up into the clear the pre |
119 | 00:09:59 --> 00:10:03 | session. Stops for anyone that's already short, classic scenario, classic, |
120 | 00:10:03 --> 00:10:08 | classic, classic. So this inversion fair value got gets used again. But I wanted |
121 | 00:10:08 --> 00:10:12 | to wait and see, because of the nature of the marketplace, even it was a demo |
122 | 00:10:12 --> 00:10:16 | account execution, I still wanted to be nice and clean and principally based. So |
123 | 00:10:16 --> 00:10:22 | as it left trading below it, I'm trying to wait and time it when it hits this |
124 | 00:10:23 --> 00:10:27 | closing price. So I want to show you like this. So here you go. That is the |
125 | 00:10:27 --> 00:10:33 | rejection block. It's a bearish rejection block, and right there, just |
126 | 00:10:33 --> 00:10:36 | like that. Okay, so as price is dropping down on a moment of chart, as it does |
127 | 00:10:36 --> 00:10:41 | that right there, it's doing two things. It's leaving the inversion Fairbank at |
128 | 00:10:41 --> 00:10:47 | this after proving that the consequent encroachment of the five minute wick |
129 | 00:10:47 --> 00:10:53 | stops price in its tracks. And look at the bodies here. Every body is higher, |
130 | 00:10:54 --> 00:11:01 | higher, higher, higher, higher rejection, algorithmic destruction, if |
131 | 00:11:01 --> 00:11:04 | price takes it outside of the inversion fair value gap. And as soon as it hits |
132 | 00:11:04 --> 00:11:08 | this level here, the algorithm is going to start spooling. Okay, I'm not going |
133 | 00:11:08 --> 00:11:13 | to go any greater detail here. I promise you, in the book, Volume One, I will |
134 | 00:11:13 --> 00:11:18 | talk about this very thing right here, because this is a deferred entry to a |
135 | 00:11:18 --> 00:11:25 | turtle soup. False breakout. Higher, high reversal pattern. Okay, so I try to |
136 | 00:11:25 --> 00:11:29 | cover every possible scenario that you may be familiar with. The general |
137 | 00:11:29 --> 00:11:35 | principle of a buy, stop read here, turtle soup is my little play on and a |
138 | 00:11:35 --> 00:11:41 | nod to the pattern that was taught in street smarts by Linda rashkin, Larry |
139 | 00:11:41 --> 00:11:47 | Connors, but I do not trade that form of turtle soup. I don't use a 20 day high. |
140 | 00:11:47 --> 00:11:53 | I don't use a 21 day high. This isn't even daily charts. This is just one |
141 | 00:11:53 --> 00:11:56 | minute candles. Okay, but the premise behind it a stop hunt, stop rate. It's |
142 | 00:11:57 --> 00:12:00 | just a beautiful little mechanism of entering a trade. But you have to know |
143 | 00:12:00 --> 00:12:03 | what the narrative is. If you don't know what the narrative is, you're going to |
144 | 00:12:03 --> 00:12:06 | get lost in the sauce. You're not going to know what you're looking for, what, |
145 | 00:12:06 --> 00:12:08 | how you going to pick you know what, what are you going to aim for as your |
146 | 00:12:08 --> 00:12:12 | entry mechanism? How do you know it's not going to keep going up? That's what |
147 | 00:12:12 --> 00:12:15 | I teach. I teach narrative. I understand how far it's going to go. And I gave |
148 | 00:12:15 --> 00:12:19 | this inversion for everybody gap before the opening bell, but true to form. Look |
149 | 00:12:19 --> 00:12:22 | what it does. The wicks are allowed to do the damage. And that doesn't matter |
150 | 00:12:22 --> 00:12:27 | to me. I'm looking for how those wicks are laid down, and then I look for this |
151 | 00:12:27 --> 00:12:31 | type of scenario, which is what I taught in 2024 more insights about that pattern |
152 | 00:12:31 --> 00:12:35 | as well. I'll say in volume one of my books, Volume One absolutely will be out |
153 | 00:12:35 --> 00:12:39 | before Christmas this year, so please stop sending me emails. When the |
154 | 00:12:39 --> 00:12:43 | publisher gets it ready? Then that's when it's ready. And when it's ready, |
155 | 00:12:43 --> 00:12:47 | you'll, you'll know about it. Now, I'll tweet about it or post it on x and I'll |
156 | 00:12:47 --> 00:12:51 | do a little press release on my YouTube channel. But, you know, asking me about |
157 | 00:12:51 --> 00:12:55 | it, is it making it happen to me soon? Okay, so anyway, that's the business. |
158 | 00:12:55 --> 00:12:59 | There the market ratings now, and takes out the relative equal lows. This is a |
159 | 00:12:59 --> 00:13:03 | minor sell side liquidity pool. And then finally, that right here, the old low in |
160 | 00:13:03 --> 00:13:08 | the morning session. So what I've been doing, in case you haven't noticed, is, |
161 | 00:13:08 --> 00:13:12 | just for the morning session, if I'm operating inside the pre session, or |
162 | 00:13:12 --> 00:13:16 | during the opening range, or the first hour trading, that's kind of like that |
163 | 00:13:16 --> 00:13:19 | little, small, little area of opportunity I've been focusing on for |
164 | 00:13:19 --> 00:13:23 | this year's executions, and sometimes I'll do trade setups in other time |
165 | 00:13:23 --> 00:13:27 | frames. You've seen me trade London. Now you've seen me trade Asia. You've seen |
166 | 00:13:27 --> 00:13:32 | me trade the pm session in the afternoon New York session. But really, my focus |
167 | 00:13:32 --> 00:13:35 | has been primarily trying to get you to focus on just a small little window of |
168 | 00:13:35 --> 00:13:40 | opportunity that's framed by time and looking for very simplistic things that |
169 | 00:13:40 --> 00:13:46 | repeat, and it's been a pleasure this this year, just showcasing it without a |
170 | 00:13:46 --> 00:13:50 | doubt, proof before it happens, the very PDA race, because I get a lot of |
171 | 00:13:50 --> 00:13:54 | questions, like, people will leave condescending remarks in other people's |
172 | 00:13:54 --> 00:13:59 | channels about what is I teach. And maybe they may be using it, and then, |
173 | 00:13:59 --> 00:14:02 | because they're using it, they have trolls that come in and try to tear them |
174 | 00:14:02 --> 00:14:05 | down and and say it doesn't work, or it's rebranded, but they can't even come |
175 | 00:14:05 --> 00:14:09 | up with where it was rebranded visually in a book show anybody in a page number, |
176 | 00:14:09 --> 00:14:14 | you prove it. Prove it. It's never, it's never to be done by them. So I want you |
177 | 00:14:14 --> 00:14:20 | to understand that by showcasing these things. And I'm pulling out in the |
178 | 00:14:20 --> 00:14:25 | telegram channel, the very PDA race is going to cause the moves, and it's |
179 | 00:14:25 --> 00:14:31 | undeniable. Okay, so I get great deal of encouragement as an educator when I see |
180 | 00:14:31 --> 00:14:36 | the comment section, and there's lots of them every single day on YouTube where I |
181 | 00:14:36 --> 00:14:40 | see them. You can't see them, but I can. And I just want you know, there's so |
182 | 00:14:40 --> 00:14:45 | many of you. I'm just doing a blanket response, saying I appreciate your |
183 | 00:14:45 --> 00:14:49 | willingness to take a couple minutes to type out your your comments or |
184 | 00:14:50 --> 00:14:56 | suggestions to continue, but I will tell you this, the the live calling the |
185 | 00:14:56 --> 00:15:01 | markets, stuff that's only going to be. Be for the month of May, and then I'm |
186 | 00:15:01 --> 00:15:05 | going to stop, and you'll understand why after that, because what I'm going to be |
187 | 00:15:05 --> 00:15:09 | doing, I don't want anybody else looking at the market the same way I am. Okay, |
188 | 00:15:09 --> 00:15:17 | but I will give you lectures and maybe reviews, if not post May until we get to |
189 | 00:15:17 --> 00:15:21 | the end of the year. I have a schedule I want to keep and some things I want to |
190 | 00:15:21 --> 00:15:26 | accomplish and some projects I'm working on. So it's not that I'm going to stop |
191 | 00:15:26 --> 00:15:31 | altogether sharing with you. I just I'm not going to be doing the daily pointing |
192 | 00:15:31 --> 00:15:36 | to where it's going to refer to specific PD arrays, because it's already being |
193 | 00:15:36 --> 00:15:41 | sold in other telegram channels as somebody else's analysis discord |
194 | 00:15:41 --> 00:15:45 | channels are also copying what I'm saying, and they're treating it as |
195 | 00:15:45 --> 00:15:49 | analysis, and they're selling it too. So it doesn't take long for somebody to |
196 | 00:15:49 --> 00:15:53 | come in, a small handful of people that come in and try to pretend that they're |
197 | 00:15:53 --> 00:15:58 | doing it themselves. And that's why them baiting them more by not putting any |
198 | 00:15:58 --> 00:16:02 | watermarks on the on the videos on x because I know they're sharing those |
199 | 00:16:02 --> 00:16:05 | things and pretending it was them, and they're in other countries, and the |
200 | 00:16:05 --> 00:16:10 | people probably didn't know who I am, and that's fine, but when the water |
201 | 00:16:10 --> 00:16:15 | turns off, when ICT turns the utilities off, you got nothing else to talk about |
202 | 00:16:15 --> 00:16:18 | you, you run out of yeast. I don't run out of yeast. So let's take a look at |
203 | 00:16:18 --> 00:16:25 | the setup. I'm only showcasing the the moves that are basically working inside |
204 | 00:16:25 --> 00:16:31 | the first 60 minutes of trading. And if you showcase this here, you can see that |
205 | 00:16:32 --> 00:16:36 | this candle right there, and I'm I'm targeting right there, that rejection |
206 | 00:16:36 --> 00:16:39 | block, and I'm doing it on a market order basis. So it's not going to be |
207 | 00:16:39 --> 00:16:45 | perfect, but that's what I'm aiming for, okay? And then obviously, the the low |
208 | 00:16:45 --> 00:16:49 | over here, you can see it gets filled below there, and then it comes right |
209 | 00:16:49 --> 00:16:52 | back up to the old hourly low, which I will show you in a moment. What that is, |
210 | 00:16:53 --> 00:16:59 | trades up at the volume imbalance here, and breaks lower, takes another low out |
211 | 00:16:59 --> 00:17:03 | there, trades one more time up in to the old hourly low and then they send it |
212 | 00:17:04 --> 00:17:08 | this. Move here. This is not what I'm trying to give all of you this year, |
213 | 00:17:08 --> 00:17:12 | because this is Robin's Cup winning type setups. And I'm not trying to spoon feed |
214 | 00:17:12 --> 00:17:18 | that. I know that there's two guys that are basically following along what I'm |
215 | 00:17:18 --> 00:17:23 | doing. And you got to get your own honey buddy. You can't, you can't be in there |
216 | 00:17:23 --> 00:17:26 | getting it from me. And then you wonder why they're slipping on the leaderboard, |
217 | 00:17:27 --> 00:17:35 | because ICT turned the valve off. Okay, but we're seeing it obviously break |
218 | 00:17:35 --> 00:17:38 | lower. Then we had some buy side liquidity here that took that and broke |
219 | 00:17:38 --> 00:17:44 | lower. And again, the same thing in here. Break yourself in a balanced box |
220 | 00:17:44 --> 00:17:47 | and efficiency when it's a wick that overlaps it like that, that means |
221 | 00:17:47 --> 00:17:52 | they're going to revisit it again. And you see it there. I'll just highlight it |
222 | 00:17:52 --> 00:18:04 | once more, right there, right? It's easier to see it like this, these old |
223 | 00:18:04 --> 00:18:05 | eyes of mine. |
224 | 00:18:15 --> 00:18:24 | See it here. Beautiful. Look at the bodies respecting that. Okay, the again, |
225 | 00:18:24 --> 00:18:29 | this is one of those. How do you know which fair Vega of ICT? Well, first of |
226 | 00:18:29 --> 00:18:33 | all, number one premise is time wise. Why should it form? Where it's forming? |
227 | 00:18:33 --> 00:18:39 | Two, where is it in the context and narrative of the day? Is it profiles |
228 | 00:18:39 --> 00:18:41 | going to be a training day to be consolidation day is going to be |
229 | 00:18:41 --> 00:18:46 | reversal. And if you see the fair value gap that has a wick laying over top of |
230 | 00:18:46 --> 00:18:49 | it, okay, you see that body right there. None of that candlesticks, body is |
231 | 00:18:49 --> 00:18:53 | laying anywhere inside of that fair value gap. This is going to be |
232 | 00:18:53 --> 00:18:58 | revisited, where it's like a reclaimed fair value gap. 90% of the time it's |
233 | 00:18:58 --> 00:19:02 | going to happen. 90% of the time it's going to happen so you can see it, |
234 | 00:19:02 --> 00:19:08 | respecting it there. Now everybody else would see this. Okay? Allah, Laurie |
235 | 00:19:08 --> 00:19:12 | crowd, now they're going to say, Okay, well, this is done, Tony, you know what |
236 | 00:19:12 --> 00:19:16 | you're talking about. So the market rallies up, wicks up to the high end of |
237 | 00:19:16 --> 00:19:21 | it, and then you had the, what the opening right at that low of that fair |
238 | 00:19:21 --> 00:19:25 | value gap, and it stops dead in its tracks right there, and sends it lower. |
239 | 00:19:25 --> 00:19:31 | And we're going to attack low down here, which is sell side liquidity market |
240 | 00:19:31 --> 00:19:36 | breaks lower. One more attempt to get in here. What's it hitting the breaker this |
241 | 00:19:36 --> 00:19:42 | candlestick here? No, it's the lowest down closed candle. Watch, and you use |
242 | 00:19:42 --> 00:19:48 | the entire range, not just the body. Sometimes you use the wicks, not when it |
243 | 00:19:48 --> 00:19:53 | comes to breakers. And then you go, you see it beautifully, straight in there, |
244 | 00:19:53 --> 00:19:58 | sends it lower relative equal lows, breaks lower. And now we left these |
245 | 00:19:58 --> 00:20:04 | here, and now we've come. Off of that into the close, murder on crow close, if |
246 | 00:20:04 --> 00:20:09 | you will. Okay, so this right here has been left, which I like that. So this |
247 | 00:20:09 --> 00:20:13 | might be something overnight. It might be something for tomorrow. Just have |
248 | 00:20:13 --> 00:20:17 | that in mind. And just so you know, for completeness sake, there it is. We're |
249 | 00:20:17 --> 00:20:22 | looking for 17,700 and just below. Okay, so that's the level I'm going to be |
250 | 00:20:22 --> 00:20:28 | watching for this evening. If I wake up during London, I'll take a look at and |
251 | 00:20:28 --> 00:20:31 | see where it were there. And then tomorrow's trading again. That's what |
252 | 00:20:31 --> 00:20:36 | we're looking for as something to draw us down into that, if it doesn't just |
253 | 00:20:36 --> 00:20:41 | completely do it after 430 when river trading hours are completed, and the |
254 | 00:20:41 --> 00:20:45 | settlement finally finishes. Is the markets are all over the place, folks, |
255 | 00:20:45 --> 00:20:49 | the volatility is off the off the charts, and no pun intended. Hopefully |
256 | 00:20:49 --> 00:20:52 | this was insightful. Hopefully it's helpful to you. If not just keep coming |
257 | 00:20:52 --> 00:20:56 | back and you'll get more and I promise it'll help you. Until talk to You, then |
258 | 00:20:57 --> 00:20:57 | Be safe. You. |