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Last modified by Drunk Monkey on 2025-05-17 08:39
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2 |1 |00:00:07 ~-~-> 00:00:15 |ICT: Hi folks, good morning. So we had real typical lows in here. We have sweep
3 |2 |00:00:15 ~-~-> 00:00:24 |right below that on Wednesday. Short, I took yesterday, and then moving into PPI
4 |3 |00:00:24 ~-~-> 00:00:30 |Fed Chair pal speaking 840 this morning. We have unemployment claims this morning
5 |4 |00:00:30 ~-~-> 00:00:35 |at 830 and then I believe we have something at 10 o'clock. I don't have it
6 |5 |00:00:35 ~-~-> 00:00:44 |in front of me, I apologize, but we had a nice sell off overnight here, and we
7 |6 |00:00:44 ~-~-> 00:00:55 |used Tuesday's pm session first since the fair value gap as a London short and
8 |7 |00:00:59 ~-~-> 00:01:06 |dip down inside of that daily. Let's go through the chart real quick, because I
9 |8 |00:01:06 ~-~-> 00:01:15 |know some of you like, what is going on here. If you recall, we've been bullish,
10 |9 |00:01:17 ~-~-> 00:01:23 |bullish. We were aiming for this. PDA, right here, Mississippi, you want to see
11 |10 |00:01:23 ~-~-> 00:01:26 |it trade above it, come back down. Treat it as an inversion, fair value gap. I'm
12 |11 |00:01:26 ~-~-> 00:01:31 |still under the expectation of that, and try to reach up into this area here,
13 |12 |00:01:32 ~-~-> 00:01:42 |this inefficiency, and back down in just a one minute chart. See that is the fair
14 |13 |00:01:44 ~-~-> 00:01:48 |value cap I told you I wanted to see go above it and come back down in so we
15 |14 |00:01:48 ~-~-> 00:01:57 |worked inside this consequent crochet level here. Now we're just reaching the
16 |15 |00:01:57 ~-~-> 00:02:01 |high of that fair value gap that I told you I was aiming for on the daily chart,
17 |16 |00:02:01 ~-~-> 00:02:10 |and then we have this up here, so it's a lot of range still, but with pal
18 |17 |00:02:10 ~-~-> 00:02:14 |speaking and all other stuff on the plate today, I mean, hey, anything can
19 |18 |00:02:14 ~-~-> 00:02:21 |happen, but overnight we Have that London sell off here. Really, really
20 |19 |00:02:21 ~-~-> 00:02:30 |nice. And then we have a new de opening gap here. I'm not going to cover all
21 |20 |00:02:30 ~-~-> 00:02:36 |this in it's just for you to take a look at it. And then yesterday's business
22 |21 |00:02:36 ~-~-> 00:02:49 |over here, I'll show you the Execute. Executions, that was the business on
23 |22 |00:02:49 ~-~-> 00:02:53 |Wednesday I was walking you through on x, just a very low hanging fruit
24 |23 |00:02:53 ~-~-> 00:02:58 |objective, reaching for that, not requiring that, holding on to it would
25 |24 |00:02:58 ~-~-> 00:03:04 |have been a wonderful run up into here. That's okay, selling short there, as I
26 |25 |00:03:04 ~-~-> 00:03:09 |showed you in review, taking the profit below the relative equal lows, and then
27 |26 |00:03:10 ~-~-> 00:03:20 |we went to consolidation. Okay, no other grades overnight. Slept in this morning
28 |27 |00:03:20 ~-~-> 00:03:25 |london session. And here's the business over here. So what I'm going to do is
29 |28 |00:03:25 ~-~-> 00:03:30 |I'm going to just take this off because it's too much going on for the for the
30 |29 |00:03:30 ~-~-> 00:03:35 |morning, and it's the high of that fair value gap on the daily chart. So I could
31 |30 |00:03:35 ~-~-> 00:03:41 |be wrong about where it's going to go. It may not go up air and clear out the
32 |31 |00:03:43 ~-~-> 00:03:48 |buy stops up here, which I think is a potential scenario if we start to rally.
33 |32 |00:03:50 ~-~-> 00:03:58 |So I'm launching this area here. Too smooth. Okay, so you can see how we used
34 |33 |00:03:59 ~-~-> 00:04:04 |the fair value gap here again, you're projecting these in the future, folks,
35 |34 |00:04:04 ~-~-> 00:04:08 |and I see a lot of people complaining, and don't really get down to the nitty
36 |35 |00:04:08 ~-~-> 00:04:16 |gritty over here, why I did what I did here. But when you create templates or
37 |36 |00:04:16 ~-~-> 00:04:23 |workspaces in your charting platform now, obviously I use trading view, but
38 |37 |00:04:23 ~-~-> 00:04:30 |the the idea of saving workspaces or templates where you keep pertinent
39 |38 |00:04:30 ~-~-> 00:04:36 |information organized, it's that way, like for instance, let's say like this,
40 |39 |00:04:37 ~-~-> 00:04:42 |you want to keep a workspace of only The pm session first resented fair value
41 |40 |00:04:42 ~-~-> 00:04:47 |gaps. So that way, when you toggle that on your chart, will only populate the
42 |41 |00:04:47 ~-~-> 00:04:54 |last five or less 10 Okay, so that way you can see your price delivery in
43 |42 |00:04:54 ~-~-> 00:04:59 |reference to those PD arrays. You can do the same thing with first presented fair
44 |43 |00:04:59 ~-~-> 00:05:05 |value gap. In the New York open, the regular opening range between 930 and 10
45 |44 |00:05:05 ~-~-> 00:05:10 |o'clock Eastern time. You can do it with the Asian session. You can do it with
46 |45 |00:05:10 ~-~-> 00:05:14 |the London session, and that way you're not holding a ton of things on your
47 |46 |00:05:14 ~-~-> 00:05:18 |chart, like as you can see here, I'm only looking at things that are
48 |47 |00:05:18 ~-~-> 00:05:24 |pertinent. And it's because I go through all of my templates that I have, and I
49 |48 |00:05:24 ~-~-> 00:05:29 |focus on the information that's salient for that given market structure. So
50 |49 |00:05:29 ~-~-> 00:05:34 |that's why I counsel you to to be a little bit, I'm sorry, to be a little
51 |50 |00:05:34 ~-~-> 00:05:39 |bit more organized. When you're collecting your information. You don't
52 |51 |00:05:39 ~-~-> 00:05:43 |have to have a chart. Well, first of all, it's impossible for you to navigate
53 |52 |00:05:43 ~-~-> 00:05:47 |if you use every possible thing that I ever referred to as a PD array, it's
54 |53 |00:05:47 ~-~-> 00:05:52 |overkill. So what you need to do is spend time organizing that way the
55 |54 |00:05:52 ~-~-> 00:06:00 |information is at a click, but it's not inundating you with over saturation of
56 |55 |00:06:00 ~-~-> 00:06:04 |information, where it's analysis paralysis. So only thing we're looking
57 |56 |00:06:04 ~-~-> 00:06:08 |for is things that lead to the likelihood of a market running to an old
58 |57 |00:06:08 ~-~-> 00:06:13 |high, old low for liquidity or inefficiencies. So that way it can
59 |58 |00:06:13 ~-~-> 00:06:17 |redeliver and offer efficient market pricing for that given market structure
60 |59 |00:06:17 ~-~-> 00:06:24 |on that given day or moment. So anyway, the daily fair value gap, I told you we
61 |60 |00:06:24 ~-~-> 00:06:28 |were wanting to trade two and above and come back down in and treat it as in
62 |61 |00:06:28 ~-~-> 00:06:33 |version fair value gap here is the consequent crochet or midpoint of that
63 |62 |00:06:33 ~-~-> 00:06:38 |level. This level here is just simply where sell side was. So I'll take that
64 |63 |00:06:38 ~-~-> 00:06:44 |off. You can see that on your insurance. And then we went back above consequent
65 |64 |00:06:44 ~-~-> 00:06:50 |encroachment of that daily fair value gap and trade up into a smaller Asian
66 |65 |00:06:50 ~-~-> 00:06:55 |session. Remember, this is an Asian session first presented fair value gap.
67 |66 |00:06:55 ~-~-> 00:06:59 |It uses that rate of consequent encroachment. Perfect delivery trades
68 |67 |00:06:59 ~-~-> 00:07:04 |back down the consequent encroachment midpoint of this larger daily fair
69 |68 |00:07:04 ~-~-> 00:07:18 |Vegas, watching for it to act as a discount array, and look in here, this
70 |69 |00:07:18 ~-~-> 00:07:27 |candlestick right there. What I'm doing is I'm using this right here. I wanted
71 |70 |00:07:27 ~-~-> 00:07:29 |to see this act as
72 |71 |00:07:35 ~-~-> 00:07:38 |bullish counter race. I
73 |72 |00:07:44 ~-~-> 00:07:49 |Okay, and you can see that right there. He's in consequent crochet of that. So I
74 |73 |00:07:49 ~-~-> 00:07:54 |want to open trade down, and I'm looking at this level here, wanting to see it
75 |74 |00:07:54 ~-~-> 00:07:59 |rally back above and take out this high my stop loss was consequent encroachment
76 |75 |00:07:59 ~-~-> 00:08:08 |of this buy side and balance outside efficiency. So true volume imbalances,
77 |76 |00:08:11 ~-~-> 00:08:18 |so stop is right there, close to it, left, relative equal. Lows came back
78 |77 |00:08:18 ~-~-> 00:08:24 |above, tapped it here, rallied scenario. Here is this bison balance cell, sign,
79 |78 |00:08:24 ~-~-> 00:08:26 |efficiency I added to it pyramiding.
80 |79 |00:08:33 ~-~-> 00:08:39 |See the business there, right there, consequent encroachment of that bullish
81 |80 |00:08:39 ~-~-> 00:08:45 |fair value gap, okay, and months, price rallied out. The stop loss was raised up
82 |81 |00:08:46 ~-~-> 00:08:52 |and saw, you saw where it was at at the time of the recording of this
83 |82 |00:08:52 ~-~-> 00:08:57 |presentation here, and it rallied above Asian sessions two days ago. Asian
84 |83 |00:08:57 ~-~-> 00:09:02 |sessions first, percent of everybody got look at the bodies, respecting that
85 |84 |00:09:02 ~-~-> 00:09:06 |consequent crushment level. And I added to it so you can see, as we treat it
86 |85 |00:09:06 ~-~-> 00:09:10 |down into it just below the consequent crochet level, without confident that we
87 |86 |00:09:10 ~-~-> 00:09:18 |would hit that because we have a breaker here. Look at the bodies, and then look
88 |87 |00:09:18 ~-~-> 00:09:23 |at the bodies over here. So while we didn't see a lower low for the wick,
89 |88 |00:09:24 ~-~-> 00:09:27 |look at the body sink. The bodies are telling you the narrative behind price.
90 |89 |00:09:28 ~-~-> 00:09:32 |So we have a low of this candlesticks close, and then we have the open of this
91 |90 |00:09:32 ~-~-> 00:09:36 |candlestick. So the bodies went lower on this swing low than it did in this one.
92 |91 |00:09:36 ~-~-> 00:09:44 |So that constitutes a bullish breaker, which is this high here, and it's inside
93 |92 |00:09:44 ~-~-> 00:09:51 |of an old lesion session, first present the fair value gap in a bullish context
94 |93 |00:09:51 ~-~-> 00:09:58 |that I was using on the interest that this was going to be treated as a
95 |94 |00:09:58 ~-~-> 00:10:02 |inversion fair value gap. Consequence. Midpoint of it the same price, higher
96 |95 |00:10:02 ~-~-> 00:10:06 |and added more to it there. And you watch me do the actual manual close
97 |96 |00:10:06 ~-~-> 00:10:11 |here, which I'm still, I'm still interested to see if it can go higher.
98 |97 |00:10:11 ~-~-> 00:10:16 |But with all the things going on inside the next hour or less, I don't want to
99 |98 |00:10:16 ~-~-> 00:10:19 |stand in front of that. I don't want to stand in front of PAL the Fed chair.
100 |99 |00:10:20 ~-~-> 00:10:26 |It's a it's a loaded scenario for some pretty wild, explosive price action that
101 |100 |00:10:26 ~-~-> 00:10:30 |may or may not even make any sense. You know what I mean. So that's the business
102 |101 |00:10:30 ~-~-> 00:10:36 |today, and that officially will close my my trading week for this week. So
103 |102 |00:10:37 ~-~-> 00:10:41 |hopefully you found insightful, and so I'll talk to you tomorrow or sooner,
104 |103 |00:10:41 ~-~-> 00:10:43 |Lord willing, be safe. Amen.