1 | 00:00:00 --> 00:00:04 | ICT: Folks, welcome back. So we're gonna be doing a little bit different title in |
2 | 00:00:04 --> 00:00:10 | a series that I don't know how long I'll go about doing it, but if you like it, |
3 | 00:00:10 --> 00:00:14 | you'll obviously give it thumbs up. If you don't like these types of |
4 | 00:00:14 --> 00:00:19 | presentations, then I'll just simply go back to doing you my hit and miss. Once |
5 | 00:00:19 --> 00:00:23 | in a while, you'll you'll see something. Once you you see it, you know it'll be |
6 | 00:00:23 --> 00:00:27 | like, Okay, well, that's wonderful. It won't be as consistent as something that |
7 | 00:00:27 --> 00:00:32 | I'm aiming to do with this. So what is it? What's the storyteller series? Well, |
8 | 00:00:32 --> 00:00:37 | when you're looking at price action, when you're recording in your journal, |
9 | 00:00:37 --> 00:00:41 | you want to, kind of, like, flesh out a narrative. You want to flesh out a bias |
10 | 00:00:41 --> 00:00:45 | in hindsight. You need to do that in the beginning, because you don't know what |
11 | 00:00:45 --> 00:00:49 | you're doing. And you look at price action after it's already happened, and |
12 | 00:00:49 --> 00:00:53 | you look at where the inefficiencies were, where the stops were, who was |
13 | 00:00:53 --> 00:00:57 | making money before the stop rate was hit, who was making money before the |
14 | 00:00:57 --> 00:01:03 | market reverses and goes another direction? Who's trapped, who is being |
15 | 00:01:03 --> 00:01:07 | led to believe that their trade is going to be profitable, but then later on, it |
16 | 00:01:07 --> 00:01:12 | fails to get to an ideal scenario, objective for them. And by doing these |
17 | 00:01:12 --> 00:01:16 | types of things, and they need not be very long. So I'm going to try to go |
18 | 00:01:16 --> 00:01:23 | through it rather succinctly, but in no way, shape or form, a complete overview |
19 | 00:01:23 --> 00:01:27 | of what took place today or any day that I overview or review. But put it that |
20 | 00:01:27 --> 00:01:32 | way, but it's meant to kind of like inspire you, and I'm going to touch a |
21 | 00:01:32 --> 00:01:39 | little bit on what I shared this morning on the X account. So this is the first |
22 | 00:01:39 --> 00:01:45 | one of our storytellers, and we're looking at, obviously, the market of |
23 | 00:01:45 --> 00:01:50 | choices for my liking and my trading. It's the NASDAQ, and it's the June |
24 | 00:01:50 --> 00:01:57 | futures contract for 2025 All right, and this is the actual June delivery |
25 | 00:01:57 --> 00:02:01 | contract month. So it's not the continuous contract. It's not necessary, |
26 | 00:02:01 --> 00:02:06 | because we're trading intraday, we're trading on very short term basis. So |
27 | 00:02:06 --> 00:02:11 | it's not required to use a higher Time Frame continuation or continuous chart. |
28 | 00:02:12 --> 00:02:16 | All right, so we have this gap in here. If you've been following along on x and |
29 | 00:02:16 --> 00:02:19 | on my YouTube channel here, you know that we were looking for that as an |
30 | 00:02:19 --> 00:02:24 | upside objective. It hit that like gangbusters last week, and then sold |
31 | 00:02:24 --> 00:02:30 | off. And here is our down close candle with a fair value gap in here. So this |
32 | 00:02:30 --> 00:02:35 | down close candle, let's zoom in a little bit. This down close candle is a |
33 | 00:02:35 --> 00:02:40 | bullish order block. We traded down to it last week, and then today we opened. |
34 | 00:02:40 --> 00:02:46 | We traded down to it once more. And then they capitalized that discount level |
35 | 00:02:46 --> 00:02:50 | here, which is the opening price of that down closed candle, and then sent it |
36 | 00:02:50 --> 00:02:54 | back above the rejection block here, okay, which is the highest up close |
37 | 00:02:54 --> 00:02:59 | candle. Now we have this wick to contend with. Now I was going to draw out where |
38 | 00:02:59 --> 00:03:02 | the consequent encroachment level is, but it's essentially look at the same |
39 | 00:03:02 --> 00:03:06 | look at the same level as this high here, because it's close proximity to |
40 | 00:03:06 --> 00:03:11 | that. So it's going to afford me the luxury of saying I'm watching price to |
41 | 00:03:11 --> 00:03:15 | see if it can get to this level in here. Okay, which is the bottom of that old |
42 | 00:03:15 --> 00:03:19 | city. And if it does that, then I want to see, does it have the ability to get |
43 | 00:03:19 --> 00:03:24 | to consequent encouragement of this city? Does it get above this and trade |
44 | 00:03:24 --> 00:03:27 | outside of the city here? And then we'll be looking for this one here. So I'm |
45 | 00:03:27 --> 00:03:32 | trying to avoid picking a top, as I've been mentioning an ongoing analysis with |
46 | 00:03:32 --> 00:03:38 | NQ. We're trying to avoid all that. So because of this down closed candle here |
47 | 00:03:38 --> 00:03:42 | being a daily bull, shorter block, this level. Here this blue line, it'll appear |
48 | 00:03:42 --> 00:03:47 | in the lower time frame charts, until I tell you, it won't be all right. Here's |
49 | 00:03:47 --> 00:03:50 | the hourly chart here. And real quick, you can see we traded down. And I |
50 | 00:03:50 --> 00:03:53 | mentioned this last week. We have a buy side of balance, cell sign efficiency, |
51 | 00:03:53 --> 00:03:57 | consequent encroachment of that. We hit that beautifully there. You can do that |
52 | 00:03:57 --> 00:04:01 | on your own chart. I shared this on my x account, by the way, and we are reaching |
53 | 00:04:01 --> 00:04:06 | up into this city here, which is just before we get to the low of that daily |
54 | 00:04:06 --> 00:04:11 | cell sign of bounds by sound efficiency. So we traded up into this one here, and |
55 | 00:04:11 --> 00:04:15 | we're going to look inside of all this price action and try to decipher what |
56 | 00:04:15 --> 00:04:20 | took place, and also tongue like tip my hand tell you why I said and shared what |
57 | 00:04:20 --> 00:04:24 | I did on x this morning. All right, so here's the 15 minute time frame. Is a |
58 | 00:04:24 --> 00:04:28 | bellwether chart. I mean, it's one of those go to charts where it gives you |
59 | 00:04:28 --> 00:04:32 | most of everything I would ever need, and not even require looking at a daily |
60 | 00:04:32 --> 00:04:38 | chart or a four hour chart or an hourly chart. Okay, so all the liquidity pools, |
61 | 00:04:38 --> 00:04:41 | all of the pertinent imbalances, inefficiencies and such. You can see |
62 | 00:04:41 --> 00:04:45 | them on the 15 minute time frame. And it's very, very easy to frame out with |
63 | 00:04:45 --> 00:04:48 | experience, not not just because I do this video, you're not gonna be able to |
64 | 00:04:48 --> 00:04:51 | walk out there tomorrow. I'm able to do what I'm doing and what I've done, but |
65 | 00:04:51 --> 00:04:55 | it will help you understand the importance of this specific time frame, |
66 | 00:04:55 --> 00:05:00 | the 15 minute time frame. So this blue line here is that daily I'm. Bullish |
67 | 00:05:00 --> 00:05:07 | fair value gap. You can see we dove down into that here last week, and we came |
68 | 00:05:07 --> 00:05:13 | back off of it. Dropped back down once more here today in London, and then we |
69 | 00:05:13 --> 00:05:18 | consolidated around in here, traded back above, came back in, had a little bit of |
70 | 00:05:18 --> 00:05:23 | a stop rate here, rallied up and took out the buy side here, and this buy side |
71 | 00:05:23 --> 00:05:31 | there, and drawing into that daily Sibi once again. Okay, so we have a new week |
72 | 00:05:31 --> 00:05:35 | opening gap. I'll mention that in a moment. But on the 15 minute time frame |
73 | 00:05:36 --> 00:05:40 | I was teaching this week how you can very easily look at two close proximity |
74 | 00:05:41 --> 00:05:45 | 15 minute fair value gaps, and those six levels being the high, the consequent |
75 | 00:05:45 --> 00:05:51 | encroaching, or midpoint of it, and the low of two specific 15 minute fair value |
76 | 00:05:51 --> 00:05:54 | gaps. Now, which one is that? Well, where's the most recent one that's |
77 | 00:05:54 --> 00:05:59 | formed, and what's the one that formed prior to that? Just looking back, that's |
78 | 00:05:59 --> 00:06:03 | all you're doing. And then you use that as a canvas to study price action. When |
79 | 00:06:03 --> 00:06:06 | you're brand new, you don't know what you're looking for, so it gives you a |
80 | 00:06:06 --> 00:06:10 | context to go in and start studying now what happens when the price runs away |
81 | 00:06:10 --> 00:06:14 | and then leaves both of them. Then you start looking for the next 15 minute |
82 | 00:06:14 --> 00:06:19 | fair value gap. And you keep doing this continuously, so you're always having a |
83 | 00:06:19 --> 00:06:24 | dynamic range or Canvas to study price action, instead of just aimlessly |
84 | 00:06:24 --> 00:06:27 | staring in price action and thinking to yourself, like I don't know what I'm |
85 | 00:06:27 --> 00:06:32 | looking for, so therefore I'm wasting my time. Let me go watch bollinger bands |
86 | 00:06:32 --> 00:06:37 | and moving outage crossovers by having the very specific fair value gaps that I |
87 | 00:06:37 --> 00:06:41 | mentioned this morning on x I literally walked you through it in video format |
88 | 00:06:41 --> 00:06:46 | too. I mentioned this one here. Now, why did I mention this one? This is the |
89 | 00:06:46 --> 00:06:50 | graduated perspective of it over time. When you practice this, you will see, |
90 | 00:06:50 --> 00:06:56 | when you do hindsight analysis, which is what my detractors and naysayers love, |
91 | 00:06:56 --> 00:06:59 | they're going to look at this video and say, See, he's talking about hindsight. |
92 | 00:06:59 --> 00:07:03 | He's talking about this is easy, but they are not looking at what I did this |
93 | 00:07:03 --> 00:07:10 | this morning, June 2, 2025 on x, where I recorded myself talking about the very |
94 | 00:07:10 --> 00:07:13 | fair value gaps, and then uploaded the video in a manner that there's no way I |
95 | 00:07:13 --> 00:07:17 | could have talked for 31 minutes and then redub something or multiple times. |
96 | 00:07:17 --> 00:07:21 | Have, you know, all these different outs they'd like to say I have, but |
97 | 00:07:21 --> 00:07:26 | nonetheless, this is basically anchored right to the daily bullish fair value |
98 | 00:07:26 --> 00:07:32 | gap. See that? So that blue line here, it intersects with that fair value gap |
99 | 00:07:32 --> 00:07:39 | right there and then, since I was looking at price action pre session |
100 | 00:07:39 --> 00:07:47 | towards the end of London Open, we were inside of that. So now look back in time |
101 | 00:07:47 --> 00:07:50 | on the 15 minute time frame. This is the one that I chose. Was important. Why? |
102 | 00:07:51 --> 00:07:56 | Because it was inside the high of that drop down that was a raid taking out |
103 | 00:07:56 --> 00:08:01 | sell side, which makes this what a Bullish breaker. Oh epiphany. See how |
104 | 00:08:01 --> 00:08:05 | that works. Little brain synapses happening, firing like that, sound |
105 | 00:08:06 --> 00:08:11 | effects. I'm paying extra money for that shit. So when we look at the imbalance |
106 | 00:08:11 --> 00:08:14 | in here, that 15 minute time frame, we can start looking at the relationships |
107 | 00:08:14 --> 00:08:19 | between these two. And we can practice reading price action. We can demo trade. |
108 | 00:08:19 --> 00:08:25 | We can tape read, you know, just watch and see the fluctuations. And we need |
109 | 00:08:25 --> 00:08:28 | not be concerned about being right or wrong, about whether or not this high is |
110 | 00:08:28 --> 00:08:32 | going to be taken out, this low is going to be taken out, this high or that high. |
111 | 00:08:32 --> 00:08:35 | We don't need to worry about that in the beginning. As a brand new student of |
112 | 00:08:35 --> 00:08:38 | price action, using the things I'm teaching, it's important for you to know |
113 | 00:08:38 --> 00:08:42 | that. It's not imperative for you to know what you think you need to know |
114 | 00:08:42 --> 00:08:47 | right away. There's skill sets, there's processes, there's routines and drills |
115 | 00:08:47 --> 00:08:50 | that I'm putting you through. I'm not putting you through one today if you're |
116 | 00:08:50 --> 00:08:54 | on x and it delivered multiple setup before I close this video. But I don't |
117 | 00:08:54 --> 00:08:59 | want to go too long and, you know, ramble on about things that are going to |
118 | 00:08:59 --> 00:09:03 | obviously be covered us as we naturally go through this video. So just know that |
119 | 00:09:03 --> 00:09:07 | this high is the first green level, and this here is the next buy, sell |
120 | 00:09:07 --> 00:09:10 | liquidity pool. So make reference to those numbers here, those price levels, |
121 | 00:09:11 --> 00:09:15 | that way it's understood what it's reaching for. All right. Let's zoom in |
122 | 00:09:15 --> 00:09:22 | here. All right, same thing 15 minute time frame, and we're looking at it with |
123 | 00:09:22 --> 00:09:26 | the drop down below this heavy, thick line. I thickened it up. That's the |
124 | 00:09:26 --> 00:09:30 | daily bullish fair value gap. And we drove, drove down into that there, and |
125 | 00:09:30 --> 00:09:34 | then we started consolidating inside that 15 minute bicycle balance cell sign |
126 | 00:09:34 --> 00:09:39 | efficiency. And I added the gradient levels of 75 and 25% so that way, it |
127 | 00:09:39 --> 00:09:42 | kind of gives you a little bit more fine tuning of the opportunities that could |
128 | 00:09:42 --> 00:09:47 | be afforded to you as a scalper or someone that's looking for pyramiding |
129 | 00:09:47 --> 00:09:51 | entries that if you want to tape reader or demo trade to build the affinity for |
130 | 00:09:51 --> 00:09:51 | that. |
131 | 00:09:52 --> 00:09:56 | But we reach up into the buy side here, and we do it here as well. But look at |
132 | 00:09:56 --> 00:10:01 | the reaction off of that one right there, that fair value gap. High, and |
133 | 00:10:01 --> 00:10:06 | look how much time it spends inside, hitting the key levels. Here we move, |
134 | 00:10:06 --> 00:10:11 | start to move away from it there. And now I'm going to drop down into a 15 |
135 | 00:10:11 --> 00:10:15 | minute time frame that shows a little bit more detail. So we're zooming in |
136 | 00:10:15 --> 00:10:21 | again. So this raid on sell side, we drop back down in and right there, we |
137 | 00:10:21 --> 00:10:27 | hammer the low, the 15 minute fair value gap. We rally up trading into the other |
138 | 00:10:27 --> 00:10:32 | 15 minute fair value gap, which is again anchored to a PD array in and of itself. |
139 | 00:10:32 --> 00:10:36 | So see what we're doing. We're blending a confluence of PD arrays. We're not |
140 | 00:10:36 --> 00:10:44 | just looking at any one individual candlestick or PD array or focus point. |
141 | 00:10:44 --> 00:10:49 | We're blending a few of them. Now, if you recall, I counseled you to try to |
142 | 00:10:49 --> 00:10:57 | avoid trying to pick a top in the NQ. So if we see a low, high, lower, low, as we |
143 | 00:10:57 --> 00:11:01 | have here, bullish breaker, this is going to be salient. This is going to be |
144 | 00:11:01 --> 00:11:05 | worthwhile if we start studying this. And inside that, going to the left, we |
145 | 00:11:05 --> 00:11:08 | see there's a fair value gap right there in the form of a city. So this is going |
146 | 00:11:08 --> 00:11:13 | to act as an inversion fair value gap at a later time. So as we go closer to the |
147 | 00:11:13 --> 00:11:18 | 930 opening and the opening range, we can anticipate a likelihood of the |
148 | 00:11:18 --> 00:11:22 | market wanting a rally Buck above it, and then use that as a catalyst to send |
149 | 00:11:22 --> 00:11:27 | it higher. All right, dropping down into a one minute chart, getting right into |
150 | 00:11:27 --> 00:11:32 | the nitty gritty of this. We do have a new week opening gap here, and I'll |
151 | 00:11:32 --> 00:11:36 | hurry and flesh that out for you. And I want to just show you that this fair |
152 | 00:11:36 --> 00:11:41 | value gap that's in blue was from Friday. It was 12 minutes after 10 in |
153 | 00:11:41 --> 00:11:47 | the morning session. And this is Friday's week before, and I'll show you |
154 | 00:11:47 --> 00:11:51 | exactly where they are in a second, but this was last Friday's first presented |
155 | 00:11:51 --> 00:11:55 | fair value gap in the opening range between 9:30am Eastern Time to 10 |
156 | 00:11:55 --> 00:12:00 | o'clock Eastern time. So just know that that's what these are here. And I'm not |
157 | 00:12:00 --> 00:12:03 | going to leave the new week opening gap levels on because it's not important. I |
158 | 00:12:03 --> 00:12:09 | just want to draw a parallel between this fair value gap from 10:12am, one |
159 | 00:12:09 --> 00:12:13 | minute chart from last Friday is basically the same thing. So I'm not |
160 | 00:12:13 --> 00:12:17 | going to over burden you with all these levels. Just know that this one here, I |
161 | 00:12:17 --> 00:12:20 | like to keep it on there, because it's basically inside of the upper quadrant |
162 | 00:12:20 --> 00:12:24 | of the new week opening gap. So I don't need it to be perfect. Just know that |
163 | 00:12:25 --> 00:12:31 | later in the afternoon this new week opening gap high, which is last Friday, |
164 | 00:12:31 --> 00:12:35 | selling close, that's going to be where buy side is, and eventually you'll see |
165 | 00:12:35 --> 00:12:40 | how we draw into that. But now let's go over to this candlestick right here from |
166 | 00:12:40 --> 00:12:44 | last Friday on a one minute chart. You can see the time at 9:35am that's first |
167 | 00:12:44 --> 00:12:47 | presented for everybody gap in the morning session on last Friday's trading |
168 | 00:12:47 --> 00:12:52 | in queue. And then we have this candlestick right there, which is just |
169 | 00:12:52 --> 00:12:57 | simply 12 minutes after 10. I liked it. And I told you last week I liked it. And |
170 | 00:12:57 --> 00:13:02 | because very specific PDA raised, we carry them forward in time, and that's |
171 | 00:13:02 --> 00:13:08 | why it appears in the analysis here. So right away, one minute chart, you can |
172 | 00:13:08 --> 00:13:15 | see how we were below that. So before six o'clock in the morning, stops were |
173 | 00:13:15 --> 00:13:18 | rated, we traded back up inside of it this heavier blue line. It's eventually |
174 | 00:13:18 --> 00:13:21 | going to go away, and you'll see that consequent encroachment level that's |
175 | 00:13:21 --> 00:13:24 | thinner just above it that way. Just above it, that will remain in the chart, |
176 | 00:13:24 --> 00:13:27 | but just know that we traded down into the low of the fair value gap there, we |
177 | 00:13:27 --> 00:13:32 | consolidated, accumulated around the consequent encroachment of that fair |
178 | 00:13:33 --> 00:13:37 | value gap that's noted here. Then we traded above it, hit the high, and then |
179 | 00:13:37 --> 00:13:44 | gravitated towards that higher 15 minute fair value gap. Work that's high here, |
180 | 00:13:44 --> 00:13:48 | here, taking about this, taking out this high rather, and then we work down below |
181 | 00:13:48 --> 00:13:52 | it, meandering around. And right away, I want to kill this idea that some of you |
182 | 00:13:52 --> 00:13:55 | are thinking because you want to talk about these types of things because you |
183 | 00:13:55 --> 00:14:00 | don't understand what I'm teaching. You want to ABC, 123, indicator, crossover, |
184 | 00:14:01 --> 00:14:09 | some kind of Star Wars V wop, okay, some kind of technical mumbo jumbo instrument |
185 | 00:14:09 --> 00:14:13 | that you can put on your chart that everybody else talks about too, because |
186 | 00:14:13 --> 00:14:17 | you're all part of a little nerd group, okay, level two, data, that kind of |
187 | 00:14:18 --> 00:14:23 | stuff, all That stuff's gonna when you look for very specific inefficiencies in |
188 | 00:14:23 --> 00:14:26 | the framework I gave you for finding them is pretty much the same, so it's |
189 | 00:14:26 --> 00:14:30 | not ambiguous or not looking at, well, let me guess which one he's going to use |
190 | 00:14:30 --> 00:14:36 | today. Okay, I'm using the same logic all the time, but we want to study how |
191 | 00:14:36 --> 00:14:41 | price sweeps above it and below it. And once there's a sweeping effect, then it |
192 | 00:14:41 --> 00:14:46 | goes right back into using it again. Sweep below it. Upset any liquidity |
193 | 00:14:46 --> 00:14:50 | below here, get back into it. Use it as low. And then where we looking for the |
194 | 00:14:50 --> 00:14:54 | trade to higher, because we're trying to avoid what picking a top in the MQ, and |
195 | 00:14:54 --> 00:14:59 | it rallies up. Where is it rallying? Taking out highs here. Okay, so again, |
196 | 00:14:59 --> 00:15:03 | we drop back down in. To it there. It rallies back up, comes back down in |
197 | 00:15:03 --> 00:15:08 | pyramid. Pyramid. Rally up, take out that first buy side. Remember the green |
198 | 00:15:08 --> 00:15:11 | lines? I told you to remember what they were before we went further in the |
199 | 00:15:11 --> 00:15:16 | video. And then when we opened up here in the opening range, they sink it all |
200 | 00:15:16 --> 00:15:20 | the way down to take out the sell side, right below these lows, inside that fair |
201 | 00:15:20 --> 00:15:24 | value gap down to the high of the first fair value gap I showed you to pay |
202 | 00:15:24 --> 00:15:28 | attention to today, not first presented fair value gap, the first one I outlined |
203 | 00:15:28 --> 00:15:35 | in discussion in that video, which is on x. And if I don't forget, just know that |
204 | 00:15:36 --> 00:15:39 | you can easily prompt me to add the link to it if I forget, because, you know, |
205 | 00:15:39 --> 00:15:45 | I'm getting in my older years, and I I'm not as sharp as I used to be. Sometimes |
206 | 00:15:45 --> 00:15:49 | I forget to do things. And you know, I want to be able to have those links in |
207 | 00:15:49 --> 00:15:52 | the description or at least the comment section of this video, so that way |
208 | 00:15:52 --> 00:15:55 | people that are looking at it later on, years from now, they can click on it. |
209 | 00:15:55 --> 00:15:59 | It'll take them to the video on my ex channel where I outline all this stuff |
210 | 00:15:59 --> 00:16:05 | real time and whatnot. So we're going to look at the first percentage fair value |
211 | 00:16:05 --> 00:16:10 | gap today for June 2, 2025 for nq, and that's the very first percent of fair |
212 | 00:16:10 --> 00:16:14 | value gap here. Okay, and you can see how we were using relative equal lows |
213 | 00:16:14 --> 00:16:18 | here, setting the stage for a initial rally up, then drops down. They clear |
214 | 00:16:18 --> 00:16:22 | that liquidity goes right to the high of that 15 minute fair value gap then rips |
215 | 00:16:22 --> 00:16:27 | higher, comes back down, consequent encroachment upper quadrant and high in |
216 | 00:16:27 --> 00:16:31 | that area there, leaving the lower half intact, not doing anything with it. |
217 | 00:16:31 --> 00:16:34 | That's exactly what we want to see. If it's going to be bullish. It rallies |
218 | 00:16:34 --> 00:16:38 | back up into last Friday's first presenter fair value gap in gray, and |
219 | 00:16:38 --> 00:16:44 | then back up into the first presence of fairbag up for today, Monday. So we |
220 | 00:16:44 --> 00:16:49 | accumulate anything going along in here, trading up higher into that 12 minutes |
221 | 00:16:49 --> 00:16:53 | after 10 fair value gap from last Friday, which I shared. It was, it was |
222 | 00:16:53 --> 00:16:57 | one that I liked. And you're going to ask me what that was, okay, and I'm |
223 | 00:16:57 --> 00:17:02 | going to just tell you, honestly, it's another PD array that that fair value |
224 | 00:17:02 --> 00:17:05 | gap is, and I don't want to teach it publicly. It will be in book, but it |
225 | 00:17:05 --> 00:17:09 | won't be public, because there's so many people right now scratching together |
226 | 00:17:09 --> 00:17:14 | some Mickey Mouse version of what I'm teaching ongoing here, and they're just |
227 | 00:17:14 --> 00:17:18 | trying to get a book out ahead of me, but they're going to be incomplete and |
228 | 00:17:18 --> 00:17:22 | intending it to be that way, because their books are going to be literally |
229 | 00:17:22 --> 00:17:28 | ridiculously misinformation. You can see all the accumulation of 10, twelves, |
230 | 00:17:29 --> 00:17:35 | fair value gap from Friday, accumulating it there and sending it up into the buy |
231 | 00:17:35 --> 00:17:38 | side above the high it was formed here. And then they started taking out |
232 | 00:17:38 --> 00:17:42 | relative equal lows where sell side would be. So they drop it down to |
233 | 00:17:42 --> 00:17:48 | accumulate more sell side liquidity to go long, rallies up, and then once more, |
234 | 00:17:48 --> 00:17:53 | we have sell side here. They take it down below that, accumulate that sell |
235 | 00:17:53 --> 00:17:57 | side liquidity to be counterparty to smart money being long, and they send it |
236 | 00:17:57 --> 00:18:02 | up higher, moving into the future. Same thing here. There's those lows we're |
237 | 00:18:02 --> 00:18:05 | just talking about. And then there's a fair value gap there. They hit it once |
238 | 00:18:05 --> 00:18:12 | more. Rally up another fair value gap there in the pm session, and accumulate |
239 | 00:18:12 --> 00:18:17 | into the final 15 minutes or so, 10 minutes of trading market on Close. And |
240 | 00:18:18 --> 00:18:22 | they pump it once more. That rally up in there takes us above the new week |
241 | 00:18:22 --> 00:18:28 | opening gap high, and I'll show you that chart in a moment. So here, this is what |
242 | 00:18:28 --> 00:18:31 | I kind of want you to think about. Here's how many high frequency trading |
243 | 00:18:31 --> 00:18:37 | setups were based on just these two fair value gaps. Okay, we went below it. I |
244 | 00:18:37 --> 00:18:41 | told you that we would see that drop down to take the liquidity, and then it |
245 | 00:18:41 --> 00:18:47 | rallies up, comes back down, once more low the day. Here's entry from here to |
246 | 00:18:47 --> 00:18:51 | here, this level here to that level here. That's that's one setup. Another |
247 | 00:18:51 --> 00:18:57 | one is here, using the high of this fair value gap up to the low of this fair |
248 | 00:18:57 --> 00:19:03 | value gap. That's a price run. How many trades is that? Two already two in a |
249 | 00:19:03 --> 00:19:06 | span of a very short period of time, less than a half an hour or so, you |
250 | 00:19:06 --> 00:19:14 | already got two trades on or you could have been using it as a long partial or |
251 | 00:19:14 --> 00:19:18 | pyramid for continuation to that one. See how you can have the flexibility. |
252 | 00:19:18 --> 00:19:22 | You decide what you want to do with this information. You decide, you flesh out |
253 | 00:19:22 --> 00:19:25 | your model. And then we have the |
254 | 00:19:27 --> 00:19:31 | turtle suit, which I showed myself trading. Run this high here, and we'll |
255 | 00:19:31 --> 00:19:37 | use a drawback into that second fair value gap on the 15 minute time thing |
256 | 00:19:37 --> 00:19:41 | that I outlined, which is the higher the two. So that was a short you watch me |
257 | 00:19:41 --> 00:19:47 | literally do that on X today, and then going along here to do another run up to |
258 | 00:19:47 --> 00:19:52 | take out that high using the high the fair value gap. It's in red to run by |
259 | 00:19:52 --> 00:19:57 | side. So entry here, exit here. So A is entry, B is exit. So that way you're |
260 | 00:19:57 --> 00:20:02 | following along in the chart. Same thing here. Are going along here, taking out |
261 | 00:20:02 --> 00:20:06 | the buy stops above that high here. So that's another trade using this simple |
262 | 00:20:07 --> 00:20:11 | fair value gap idea. And you keep walking forward every time the 15 minute |
263 | 00:20:11 --> 00:20:15 | chart creates a new fair value gap, you just add that on to the previous fair |
264 | 00:20:15 --> 00:20:18 | value gap that you were using in the series throughout the day. See how |
265 | 00:20:18 --> 00:20:23 | dynamic that range becomes, and you don't forget the other one, you know, |
266 | 00:20:23 --> 00:20:27 | like, for instance, this one here, say a 15 minute fair value got formed above |
267 | 00:20:27 --> 00:20:31 | this one, like up in here. Well, then you'd use this one and whatever that one |
268 | 00:20:31 --> 00:20:36 | was, and then this one, you'd still have in your chart, but you would just work |
269 | 00:20:36 --> 00:20:39 | with the two most recent ones, and you're constantly reading order flow in |
270 | 00:20:39 --> 00:20:44 | relationship to those 215 minute fair value gaps. It gives you a dynamic ebb |
271 | 00:20:44 --> 00:20:49 | and flow of reading institutional order flow without garbage level two data |
272 | 00:20:49 --> 00:20:55 | which is spoofed. Okay, I never use that information. I don't counsel to use that |
273 | 00:20:55 --> 00:20:58 | information. And because large institutions, investment banks, they can |
274 | 00:20:58 --> 00:21:03 | fake big blocks of orders to influence you guys, new retail traders that think |
275 | 00:21:03 --> 00:21:07 | that, oh, wow, it's going to probably gravitate to that, because there's a big |
276 | 00:21:07 --> 00:21:12 | order number of contracts out there when that's neither important or many times |
277 | 00:21:12 --> 00:21:18 | valid, dropping down into this here. Just remember this price return to |
278 | 00:21:18 --> 00:21:25 | 21,237 we'll move forward. That's here, okay, so we can see using the first |
279 | 00:21:25 --> 00:21:30 | percent of fairbag app. We can see a short here in first percent of fair |
280 | 00:21:30 --> 00:21:37 | value gap down to this level. So entry to target, or target here, new entry |
281 | 00:21:37 --> 00:21:42 | here, using the higher fair value gap from the 15 minute timeframe up to first |
282 | 00:21:42 --> 00:21:47 | presents a fair value gap below that shaded green box. Okay, so that's a |
283 | 00:21:47 --> 00:21:52 | trade there. Entering here inside of Friday's first presents a fair value gap |
284 | 00:21:52 --> 00:22:00 | in the gray trading that up into this run up here, taking that liquidity out. |
285 | 00:22:00 --> 00:22:05 | You had to sit through all this time distortion. And you can pyramid here, |
286 | 00:22:05 --> 00:22:09 | you can pyramid here, and then finally getting out there. And you can leave a |
287 | 00:22:09 --> 00:22:12 | runner on for the rest of the day if you wanted to try to get in a new week, |
288 | 00:22:12 --> 00:22:17 | opening gap high. So you know, in the past, when people watched me trade the |
289 | 00:22:17 --> 00:22:22 | forex market and I ran the very small balances up to ridiculous levels. And I |
290 | 00:22:22 --> 00:22:26 | did it in very short time span. I was trading just like this, folks, but I was |
291 | 00:22:26 --> 00:22:29 | doing it with currencies, and I was trading with four and a half, sometimes |
292 | 00:22:29 --> 00:22:34 | 5% each one of these trades, I would be risking four and a half to 5% and as |
293 | 00:22:34 --> 00:22:39 | that new equity would be building, it would allow me more lots for the |
294 | 00:22:39 --> 00:22:42 | currency that I was trading, building up, building up, building up, building |
295 | 00:22:42 --> 00:22:46 | up, building up. And as it happens, within a month, sometimes two, two and a |
296 | 00:22:46 --> 00:22:50 | half months, you know, we're in the stratosphere, because the equity curve |
297 | 00:22:50 --> 00:22:52 | is basically like the backslash |
298 | 00:23:02 --> 00:23:07 | that looks folks. That's the first one in this new series. And as I go through, |
299 | 00:23:07 --> 00:23:11 | I'll do, I'll do 4x as well. I was a little tired today, so I'll, I'll give |
300 | 00:23:11 --> 00:23:16 | you an example in enqueue each day, and in a separate video, I'll give you one |
301 | 00:23:16 --> 00:23:20 | with a forex pair. Okay, so until I talk to you next time, be safe. |