1 | 00:00:34 --> 00:00:39 | ICT: Hi folks, welcome back. Just a quick little ditty here on Thursdays, |
2 | 00:00:39 --> 00:00:47 | NASDAQ trading take a look at the daily chart here. As I mentioned last night, I |
3 | 00:00:47 --> 00:00:54 | wasn't sure if we were going to drop down into this gap in here, but we did |
4 | 00:00:54 --> 00:00:59 | dip its toe in the water just below the previous day's low. I did say that we |
5 | 00:00:59 --> 00:01:02 | would be reaching for this high here, and then eventually we'd be reaching for |
6 | 00:01:02 --> 00:01:07 | these relative equal highs. How we were able to do that today, straight up above |
7 | 00:01:07 --> 00:01:12 | that. And we're going to look inside this volume balance for any details as |
8 | 00:01:12 --> 00:01:18 | well. Here's that volume and balance, and here's an hour chart. Here's some |
9 | 00:01:18 --> 00:01:24 | relative equal highs. You can see how we were allowed into that today, pretty |
10 | 00:01:24 --> 00:01:29 | aggressively and zoomed in, you can see that this is that 60 minute fair value |
11 | 00:01:29 --> 00:01:38 | gap I mentioned on social media today, and trading up into it, and then above |
12 | 00:01:38 --> 00:01:44 | it, treats it as a inversion, fair value gap right there. And then sends it to |
13 | 00:01:44 --> 00:01:48 | minor buy side. And then the buy side, yes, you're gonna hear my puppies in the |
14 | 00:01:48 --> 00:01:54 | background. And, no, I'm not editing it out. Turn over a new leaf baby. And then |
15 | 00:01:54 --> 00:01:59 | we have the 15 minute time frame, the inversion, fair value gap. Here it's it |
16 | 00:01:59 --> 00:02:05 | pre, pre market session hours. It's before 930 and then it rallies up, takes |
17 | 00:02:05 --> 00:02:11 | out the I mentioned last night, just straight up. You know, just this |
18 | 00:02:11 --> 00:02:17 | market's nuts. If I tried to fight it, you know, as a 20 year old like I used |
19 | 00:02:17 --> 00:02:21 | to, I'd be completely destroyed. Okay? And you're probably going to have the |
20 | 00:02:21 --> 00:02:25 | same outcome if you just go on your recklessly trying to force a bias or |
21 | 00:02:25 --> 00:02:35 | force a perspective, all right? And here is the smaller one minute time frame. |
22 | 00:02:35 --> 00:02:41 | This is the pre session, pre market session. I did a 15 second order block |
23 | 00:02:41 --> 00:02:44 | long here, and I showed that on the telegram channel reaching for this buy |
24 | 00:02:44 --> 00:02:53 | side here. And then we traded up into this rally above that 60 minute. Or why |
25 | 00:02:53 --> 00:03:01 | our fair value gap I was entering in in close, sorry, close proximity to just |
26 | 00:03:01 --> 00:03:05 | above the midpoint of it, or consequent encroachment, add a little bit of heat |
27 | 00:03:05 --> 00:03:10 | on that. But it's okay, because the money that was collected from this trade |
28 | 00:03:10 --> 00:03:17 | here funds the open position drawdown in here. So it's kind of like a I guarantee |
29 | 00:03:17 --> 00:03:24 | myself, you know, 300 bucks, 400 bucks, and then let's see how far we can milk |
30 | 00:03:24 --> 00:03:28 | this thing, going the other direction and aiming for this little gap in here. |
31 | 00:03:29 --> 00:03:33 | There's my close right there, and I shared that on Twitter because a young |
32 | 00:03:33 --> 00:03:37 | man asked me, Is that all there is for today? I had something I'd take care of |
33 | 00:03:37 --> 00:03:43 | today, so I wasn't able to trade. And honestly, the opening really, here it |
34 | 00:03:43 --> 00:03:47 | is. It to me, really wasn't worth doing anything with, because if you weren't |
35 | 00:03:47 --> 00:03:57 | already pre long basically, if you haven't entered the market long before |
36 | 00:03:57 --> 00:04:01 | the opening bell, you really didn't get a chance to do anything. This is 928, |
37 | 00:04:01 --> 00:04:07 | candle, so it came down consequent encroachment, basically, of that daily |
38 | 00:04:07 --> 00:04:15 | in daily volume imbalance, and it's kept on sending it higher. So I'm glad I |
39 | 00:04:15 --> 00:04:20 | actually missed this morning, because I would have been a little frustrated, you |
40 | 00:04:20 --> 00:04:23 | know, being in front of you once more and just not seeing the things I'd be |
41 | 00:04:23 --> 00:04:27 | looking for to take a trade. So it is what it is. I was one of the reasons why |
42 | 00:04:27 --> 00:04:32 | I spent time with you before the opening bell. And that's it. That's all I have |
43 | 00:04:32 --> 00:04:35 | for today. And we'll see if it continues to go highr for those relatively equal |
44 | 00:04:35 --> 00:04:36 | highs on the daily chart. |