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2 |1 |00:00:00 ~-~-> 00:00:05 |ICT: Good morning, folks. How are you just a quick little review. If you've
3 |2 |00:00:05 ~-~-> 00:00:10 |been following along on my x account, I've been giving analysis and short
4 |3 |00:00:10 ~-~-> 00:00:17 |little video, pre market analysis and whatnot, giving levels, targets and just
5 |4 |00:00:17 ~-~-> 00:00:21 |observations on what I believe the market was going to do this week. So
6 |5 |00:00:21 ~-~-> 00:00:28 |this closes out my week. The target I gave for this week's trading in Nasdaq
7 |6 |00:00:28 ~-~-> 00:00:33 |futures was delivered, if you recall, and if you haven't, you can find all
8 |7 |00:00:33 ~-~-> 00:00:38 |this information on the YouTube channel and the supplementary analysis videos
9 |8 |00:00:38 ~-~-> 00:00:43 |I've posted on X so for the folks that are wondering about the telegram
10 |9 |00:00:43 ~-~-> 00:00:49 |channel, I'll be using that for study notes. Okay, so you won't have to be in
11 |10 |00:00:49 ~-~-> 00:00:56 |there to get the real time stuff, because that ends this month, and I'll
12 |11 |00:00:56 ~-~-> 00:01:02 |be sharing pretty much like summaries, things that are noteworthy. I'll be
13 |12 |00:01:02 ~-~-> 00:01:07 |doing a project in June where I'm showcasing how, if I was using
14 |13 |00:01:07 ~-~-> 00:01:15 |electronic journaling versus the handwritten, high touch versus the high
15 |14 |00:01:15 ~-~-> 00:01:20 |tech approach to journaling, how I would go about doing it. It doesn't mean that
16 |15 |00:01:20 ~-~-> 00:01:24 |this is what you should do. It just means that I'm answering a question that
17 |16 |00:01:24 ~-~-> 00:01:29 |most of my students have asked me for a number of years. Even charter member
18 |17 |00:01:29 ~-~-> 00:01:32 |students to have gone through my private mentorship, they've asked if I could
19 |18 |00:01:32 ~-~-> 00:01:39 |share how I would journal, and they'll be doing that the last week of June. So
20 |19 |00:01:40 ~-~-> 00:01:45 |anyway, with all that monolog out of the way, this is a daily, I'm sorry, excuse
21 |20 |00:01:45 ~-~-> 00:01:51 |me. This is a weekly chart of the continuous contracts for NASDAQ. And you
22 |21 |00:01:51 ~-~-> 00:01:56 |can find that on trading view with the symbol N, Q, number one, exclamation
23 |22 |00:01:56 ~-~-> 00:02:00 |point. And it's important to use that when you're using higher Time Frame
24 |23 |00:02:00 ~-~-> 00:02:05 |charts because it's it's a better way of showing continuity and price delivery,
25 |24 |00:02:05 ~-~-> 00:02:11 |because the front month or nearby contracts are always, always spotty when
26 |25 |00:02:11 ~-~-> 00:02:14 |you look back in the higher Time Frame, even if you change it to a monthly or
27 |26 |00:02:14 ~-~-> 00:02:19 |weekly chart, you're not getting the true perspective. So a continuous chart
28 |27 |00:02:19 ~-~-> 00:02:27 |is helpful in that regard. So this wick here, I did an analysis on about a month
29 |28 |00:02:27 ~-~-> 00:02:31 |ago, and you can look at it again on all the content I posted on exit on this
30 |29 |00:02:31 ~-~-> 00:02:37 |YouTube channel. I said this wick here, while we were below it, down here, we
31 |30 |00:02:37 ~-~-> 00:02:41 |would gravitate up into it, and I was looking at the lower half of it. So this
32 |31 |00:02:41 ~-~-> 00:02:49 |line here, the 22,001 03, level, that's the consequent encroachment, or midpoint
33 |32 |00:02:49 ~-~-> 00:02:56 |of this wick. So I'm only interested in this half, and then grading that in
34 |33 |00:02:56 ~-~-> 00:03:08 |quadrants. So what we do here in this area is salient to what we'll do in next
35 |34 |00:03:09 ~-~-> 00:03:16 |month or five or six weeks. Ultimately, it's likely to see these highs get taken
36 |35 |00:03:16 ~-~-> 00:03:21 |out, because I'm not trying to pick a top so the market has been shunning the
37 |36 |00:03:22 ~-~-> 00:03:27 |traditional bearish seasonal tendency. So when it does that type of thing, it's
38 |37 |00:03:27 ~-~-> 00:03:33 |usually very bullish. So I want to keep my focus in the lower half of this wick
39 |38 |00:03:35 ~-~-> 00:03:39 |before I marry the idea that it's absolutely going to go above here. Okay,
40 |39 |00:03:39 ~-~-> 00:03:45 |so while I'm submitting to the idea that order flow is bullish, it's likely to go
41 |40 |00:03:45 ~-~-> 00:03:50 |up there, but I'm not hardlining that it's going there. I want to see how it
42 |41 |00:03:50 ~-~-> 00:03:53 |delivers inside the lower half of this wick, which is why I have all the
43 |42 |00:03:53 ~-~-> 00:04:00 |gradient levels here. Okay, so if we take our attention down from this in the
44 |43 |00:04:00 ~-~-> 00:04:05 |weekly chart inside this area here, we'll look at the daily chart and see
45 |44 |00:04:05 ~-~-> 00:04:09 |the fair value gap I was mentioning this weekend a couple weeks ago. You take a
46 |45 |00:04:09 ~-~-> 00:04:14 |look at the daily chart here. This is the fair value gap. So this candle
47 |46 |00:04:14 ~-~-> 00:04:29 |sticks high. This candle candlesticks low, and it's a civi, so we have this
48 |47 |00:04:29 ~-~-> 00:04:34 |inefficiency, and I have gradient levels in it. So it's the upper quadrant,
49 |48 |00:04:34 ~-~-> 00:04:38 |consequent encroachment in green lower quadrant. And then the low and high is
50 |49 |00:04:38 ~-~-> 00:04:44 |obviously shown by the rectangle being applied. So if you go back and look at
51 |50 |00:04:44 ~-~-> 00:04:52 |what we were doing when price was trading in here, my commentary was
52 |51 |00:04:52 ~-~-> 00:04:59 |suggesting that this low, I wanted to see it continue, obviously. But if it
53 |52 |00:04:59 ~-~-> 00:05:02 |were to drop. Below that low. I wanted to see it act as institutional order
54 |53 |00:05:02 ~-~-> 00:05:07 |flow entry drill, which is just simply a partial entry into an imbalance. Okay,
55 |54 |00:05:07 ~-~-> 00:05:12 |so we we had that actually deliver that's probably random, and then the
56 |55 |00:05:12 ~-~-> 00:05:17 |market trades higher, comes right back down into immediate rebalance. This
57 |56 |00:05:17 ~-~-> 00:05:22 |candles ticks high, and I'll annotate that for you here. Now I could get
58 |57 |00:05:22 ~-~-> 00:05:26 |carried away here and make this video very, very long, but that's not my
59 |58 |00:05:26 ~-~-> 00:05:31 |interest, but the immediate rebalance here and then sends it higher up into
60 |59 |00:05:31 ~-~-> 00:05:36 |lower quadrant of that daily fair value gap, so that, for me, satisfies my
61 |60 |00:05:36 ~-~-> 00:05:42 |weekly objective. I'm certainly content with that. Everything delivered as I was
62 |61 |00:05:42 ~-~-> 00:05:48 |expecting. Everything I gave guidance for on x this week has been just
63 |62 |00:05:48 ~-~-> 00:05:53 |perfectly delivered. So it's really hard to to be upset when the market does
64 |63 |00:05:53 ~-~-> 00:05:59 |that. So let's take a closer look inside of the lower time frames. We'll drop
65 |64 |00:05:59 ~-~-> 00:06:04 |down to a 15 in time frame next. Here we are on the 15 minute time frame. You can
66 |65 |00:06:04 ~-~-> 00:06:11 |see the relative equal highs here. So I went over this in the X analysis video
67 |66 |00:06:11 ~-~-> 00:06:16 |clips and whatnot and posts. So if you see these relative equal highs here,
68 |67 |00:06:16 ~-~-> 00:06:21 |that was a upside objective. And then ultimately, if it gets above that, we
69 |68 |00:06:21 ~-~-> 00:06:25 |would see it run up into that daily fair value gap that you can see they shaped
70 |69 |00:06:25 ~-~-> 00:06:28 |up in here, lower quadrant slammed by the bodies. Look at that. That's
71 |70 |00:06:28 ~-~-> 00:06:34 |absolutely beautiful. And then we have a break lower what we do today and Friday
72 |71 |00:06:34 ~-~-> 00:06:37 |is really of no consequence to me, because I could care less. I have things
73 |72 |00:06:37 ~-~-> 00:06:41 |I take care of my personal life. So this will be the last discussion I have over
74 |73 |00:06:41 ~-~-> 00:06:46 |price action. So I want to take a look at this with you. And this is a 15
75 |74 |00:06:46 ~-~-> 00:06:57 |minute city, which you can see over here. This should be anchored like that
76 |75 |00:06:57 ~-~-> 00:07:04 |body to wick dropping down in here, quadrant, consequent encroachment in
77 |76 |00:07:04 ~-~-> 00:07:10 |green. So since it was a city, it's going to change this character to that
78 |77 |00:07:11 ~-~-> 00:07:15 |of something bullish, positive balance outside efficiency that's just below
79 |78 |00:07:16 ~-~-> 00:07:21 |this 15 minute inversion, fair value gap. We consolidate, rally up. I broke
80 |79 |00:07:21 ~-~-> 00:07:28 |this down in here with these two wicks on x, and it was just perfectly
81 |80 |00:07:28 ~-~-> 00:07:36 |delivered as a long entry, trading up into the 21,005 62.25, level that
82 |81 |00:07:36 ~-~-> 00:07:40 |relative equal high. And then market breaks lower, all the way back down to
83 |82 |00:07:40 ~-~-> 00:07:46 |the low of the 15 minute inversion fair value gap, but specifically to
84 |83 |00:07:46 ~-~-> 00:07:53 |consequent encouragement of this candlestick right here. So the Mohawk,
85 |84 |00:07:53 ~-~-> 00:07:56 |your little coloring outside the lines that we allow for with the wicks,
86 |85 |00:07:56 ~-~-> 00:08:02 |because they can do damage the bodies tell the narrative. Bodies are
87 |86 |00:08:02 ~-~-> 00:08:09 |respecting the lower quadrant we wick down touch the consequent encroachment
88 |87 |00:08:10 ~-~-> 00:08:15 |or midpoint of this bicycle outside efficiency always includes your volume
89 |88 |00:08:15 ~-~-> 00:08:22 |imbalance for the higher body. That'll be a more specific topic that we'll
90 |89 |00:08:22 ~-~-> 00:08:30 |cover in the book. Drop down here is FOMC. And then we rip higher trading
91 |90 |00:08:30 ~-~-> 00:08:37 |aggressively into this run right here is Nvidia related. So the market trades up
92 |91 |00:08:37 ~-~-> 00:08:41 |into the lower quadrant of that daily. Everybody got there. So.