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ICT YT - 2025-05-06 - 2025 Lecture Series - NQ AM Session Review May 05 2025

Last modified by Drunk Monkey on 2025-05-08 09:23
1 00:00:35 --> 00:00:40 ICT: Hello folks, welcome back. So we'll be looking at a am session review for
2 00:00:40 --> 00:00:48 NASDAQ, May 5, 2025 All right, so we're looking at the daily chart here, and I
3 00:00:48 --> 00:00:58 want you to take special note of how Thursday created a premium WIC that got
4 00:00:58 --> 00:01:04 blown through on Friday's nonprofit payroll, and then we opened here and
5 00:01:04 --> 00:01:10 traded down into Friday's range. But I teach you to use these wicks like gaps.
6 00:01:11 --> 00:01:14 Okay, so we're going to zoom in. I'm going to lay the Fibonacci across this
7 00:01:14 --> 00:01:19 here. Be mindful this high and this wick. That's what we're going to be
8 00:01:19 --> 00:01:26 drawing attention to. I'm all right. So here we have Thursday's price action on
9 00:01:26 --> 00:01:30 the daily chart. I have the lower quadrant, consequence cut encroachment
10 00:01:31 --> 00:01:36 the upper quadrant and the high of Thursday's wick and the low of the wick,
11 00:01:36 --> 00:01:40 in this case is it's a down closed candle. It's the opening price. So those
12 00:01:40 --> 00:01:50 four levels here, and then we have, actually, it's five, isn't it? 12345,
13 00:01:51 --> 00:01:55 check my math. There having a senior citizen moment. And then this up here.
14 00:01:55 --> 00:02:02 So longer term, until proven otherwise, the draw is here, and we're going to
15 00:02:02 --> 00:02:06 look at how price used that consequent encroachment level, the midpoint
16 00:02:06 --> 00:02:10 constant encroachment level of that Thursday premium wick, now acting as a
17 00:02:10 --> 00:02:16 discount array, is 19,980 even. Okay, so this, be mindful when we see that line
18 00:02:16 --> 00:02:22 in the lower time frame charts, it's this wicks halfway point, or consequent
19 00:02:22 --> 00:02:30 encroachment. We're in a 15 minute time frame. I mentioned on telegram that 15
20 00:02:30 --> 00:02:36 minute buy side was a draw, and you can see how the market dropped down and
21 00:02:36 --> 00:02:40 spent some time at that consequent encroachment on Thursdays premium wick,
22 00:02:40 --> 00:02:45 that is now because we went above it on Friday becomes a discount wick, so we
23 00:02:45 --> 00:02:48 traded down into it. Consequent encroachment hits it here, back and
24 00:02:48 --> 00:02:53 forth, really, really lots of high resistance, liquidity, run signatures in
25 00:02:53 --> 00:02:56 here. Look at the back and forth, price action. But ultimately, it did get to
26 00:02:56 --> 00:03:02 our objective here. But just be mindful that 19,009 80 level was hit earlier,
27 00:03:02 --> 00:03:11 and now we're on a one minute chart. So here's that same level, the consequent
28 00:03:11 --> 00:03:17 encouragement of that Thursday WIC, and because it hit earlier, prior to nine
29 00:03:17 --> 00:03:23 o'clock in the morning, you can see that on your own charts. We had all this
30 00:03:23 --> 00:03:28 price action back and forth, back and forth, overlapping previous ranges just
31 00:03:28 --> 00:03:34 to climb back above to get to that 15 minute buy side liquidity. So I want to
32 00:03:34 --> 00:03:38 take your attention to a very specific pool of liquidity. I mentioned own
33 00:03:38 --> 00:03:42 Telegram for sell side. This is the only sell side liquidity pool I mentioned,
34 00:03:42 --> 00:03:47 and this was the initial one I told you about. So relative equal lows, real
35 00:03:47 --> 00:03:53 easy, right? Real real easy. Now, why did I go back further than nine o'clock?
36 00:03:54 --> 00:03:58 Because this is the first one going to come to and we've already worked several
37 00:03:58 --> 00:04:05 lows in the pre session, and it's just cleaner. It's easy. Here it's a Monday
38 00:04:05 --> 00:04:11 and we had a high impact news driver at 10 o'clock, and we came down already
39 00:04:13 --> 00:04:17 earlier in the sessions to trade into that consequence level of the Thursday
40 00:04:17 --> 00:04:24 week. So we went down below it, swept it, and then I drew attention to this
41 00:04:24 --> 00:04:28 candlestick being the first person to grab a bag app and this volume and
42 00:04:28 --> 00:04:32 balance you can find that on my telegram channel, in the description of my
43 00:04:32 --> 00:04:35 YouTube channel, click on that, you'll see the actual link, the official link
44 00:04:35 --> 00:04:40 that takes you to my free 100% no obligation. I'm not trying to do
45 00:04:40 --> 00:04:43 investments. I'm never going to ask for payments. If you're looking at anything
46 00:04:43 --> 00:04:46 that has anything like that and then my knee attached to it, you're looking at a
47 00:04:46 --> 00:04:54 scammer or fraud. So these two levels here, the first with the favorite first
48 00:04:54 --> 00:04:58 presented fair value gap and the volume and balance were the two levels of
49 00:04:58 --> 00:05:03 focus. And then I mentioned. And the 15 minute buy side here, and I gave a
50 00:05:04 --> 00:05:13 further higher 19,000 or is it 20,002 35 something like that. I'll let you look
51 00:05:13 --> 00:05:18 at it on your charts, okay, but if we continuously go higher, that's a nice
52 00:05:18 --> 00:05:23 relative eco high in the Friday trading session, so you'll be able to see it.
53 00:05:23 --> 00:05:26 It's your homework assignment. I'm not giving you everything in telegram. I
54 00:05:26 --> 00:05:28 want you to find it on your chart. That's part of the tape reading
55 00:05:28 --> 00:05:36 exercise. So I want to show you zoomed in here. There's that volume imbalance.
56 00:05:36 --> 00:05:43 Here's first presented fair value gap. And after cleaning the relative equal
57 00:05:43 --> 00:05:50 lows up with this stop there, we ran above, back above this city, which we're
58 00:05:50 --> 00:05:56 bullish, we're looking for 15 minute buy side, higher prices. We went above it,
59 00:05:56 --> 00:06:03 trade down in, trade down in it, left it. See how it did that right here. Now,
60 00:06:03 --> 00:06:07 when we trade back up higher, it should not go back down in lower half before
61 00:06:07 --> 00:06:12 running the buy side. So we get it on this candlestick right here. And I'm
62 00:06:12 --> 00:06:17 aiming right for that volume imbalance right in there. And I'll show you the
63 00:06:17 --> 00:06:22 execution. Here's the candlestick, and there is little indication that you're
64 00:06:22 --> 00:06:28 getting long or short. In this case, it's a buy there, and then it rallies up
65 00:06:28 --> 00:06:33 into the 15 minute buy side. Now I'm going to put my cursor on this little
66 00:06:33 --> 00:06:39 arrow, and you'll see the little carrot symbol appears right there. Okay, so
67 00:06:39 --> 00:06:44 there was no other trades. One of my students facetiously said, the show the
68 00:06:44 --> 00:06:49 short you got stopped out on no shorts today, so it dropped back from there all
69 00:06:49 --> 00:06:52 the way back down to first presented fair value gap banged around a little
70 00:06:52 --> 00:06:57 bit in here, failure to get back above that 50 minute high. That was the buy
71 00:06:57 --> 00:07:02 side of my trade. And I mentioned on Twitter. Look at these lows in here.
72 00:07:02 --> 00:07:08 That's retail support. And it broke through that Down into first retentive
73 00:07:08 --> 00:07:12 fair pay gap. And I told you to watch that there. And then it rallied up and
74 00:07:12 --> 00:07:18 took out the high here. There's the business for today. So in keeping with
75 00:07:18 --> 00:07:24 what I mentioned this weekend, I was teaching about narrative. And today,
76 00:07:24 --> 00:07:28 because it's a little bit more complicated difficulty levels, it'll
77 00:07:28 --> 00:07:33 just a little bit higher, I pointed out the very liquidity pool that would use
78 00:07:33 --> 00:07:37 to create the low of the session, which is what it did here, and then rallied
79 00:07:37 --> 00:07:43 up. Now I mentioned in closing, after I did my trade and shared it, whatever I
80 00:07:44 --> 00:07:49 mentioned that watch eight o'clock slow, 8am today, because if we lose that low,
81 00:07:49 --> 00:07:52 then we're probably gonna have a deeper retracement on the daily chart. So as
82 00:07:52 --> 00:07:57 long as the eight o'clock low is intact, it doesn't violate that I'm bullish. So
83 00:07:57 --> 00:08:01 it kind of like it makes it more clean and clear as to why I mentioned it at
84 00:08:01 --> 00:08:01 all today.
85 00:08:11 --> 00:08:14 See if folks, I'll give you a pm session review later on, so I'll talk to you
86 00:08:14 --> 00:08:15 then, Lord willing be safe. You.