Skip to Content

ICT YT - 2025-06-05 - 2025 Storytellers Series - NQ Review 06-04-2025

Last modified by Drunk Monkey on 2025-09-27 14:14
1 00:00:01 --> 00:00:05 ICT: Hi folks, welcome back. We're looking at storytellers.
2 00:00:06 --> 00:00:14 This series is about how you should journal now, the benefits of building a
3 00:00:14 --> 00:00:19 narrative, understanding bias, understanding session bias, the ideal
4 00:00:19 --> 00:00:26 drawing liquidity or the next one thereof, that is built upon what I'm
5 00:00:26 --> 00:00:30 showing you here. Now, at first glance, it seems like it's just reviewing
6 00:00:30 --> 00:00:35 hindsight data and true to form, that's what you will be doing, because you
7 00:00:35 --> 00:00:39 won't have any idea on how to trade it right? You're learning how to do it. So
8 00:00:39 --> 00:00:43 before you can get good at trading Well, you have to learn how to read price
9 00:00:43 --> 00:00:49 well, and then you also have to learn how to know yourself and stave off all
10 00:00:49 --> 00:00:53 those things that are going to be problematic for you, and focusing on on
11 00:00:53 --> 00:00:59 the things that are useful, and then back testing and journaling and Logging
12 00:00:59 --> 00:01:03 things, very specific things. In the beginning, you're only gonna be looking
13 00:01:03 --> 00:01:09 for one real, obvious setup per day. And the more you do this, the more you
14 00:01:09 --> 00:01:15 journal and record yourself in your own words, ideally inside your chart. Okay,
15 00:01:15 --> 00:01:19 so you're gonna be recording annotations, things that are salient for
16 00:01:19 --> 00:01:25 that given session, that given market, that day, that week, that month, and you
17 00:01:25 --> 00:01:29 want to try to give as much detail as you can and familiarize yourself with
18 00:01:29 --> 00:01:33 certain characteristics that tend to repeat. And they're all generally time
19 00:01:33 --> 00:01:37 based deliveries. They're they're very specific, PD array responses drawing to
20 00:01:37 --> 00:01:41 an obvious liquidity pool above or below the marketplace based on a higher Time
21 00:01:41 --> 00:01:41 Frame bias.
22 00:01:49 --> 00:01:54 All right, so we're looking at June 4, 2025 I didn't do a review yesterday. I
23 00:01:54 --> 00:02:00 meant to, but I'm busy with my son, Cameron, so I'm hard at work being dead
24 00:02:00 --> 00:02:07 and ICT in the woodshed with him, trying to get him prepared to be able to carve
25 00:02:07 --> 00:02:16 out his own income the daily chart here. Let's zoom in on this. I'll review
26 00:02:16 --> 00:02:20 yesterday's trade I shared on x. By the way, I know some of you were asking for
27 00:02:20 --> 00:02:25 it, but time didn't permit me to be able to do that last night. So daily chart
28 00:02:25 --> 00:02:32 here. Let's go back in time, and I'll refer you to Monday's storyteller series
29 00:02:32 --> 00:02:38 on YouTube channel down close candle, bullish order block. I mentioned how we
30 00:02:38 --> 00:02:43 traded down into that, and I mentioned as a kind of like a foresight, looking
31 00:02:43 --> 00:02:48 forward to now hindsight, looking forward to how we were going to use this
32 00:02:48 --> 00:02:53 order block and then send price back up. And I said, I want to see it trade to
33 00:02:54 --> 00:02:58 the consequent encroachment of this candles wick or halfway point. And I
34 00:02:58 --> 00:03:03 said, just a rough eyeball it, it's basically the same as this low of this
35 00:03:03 --> 00:03:10 Sibi. So we did, in fact, trade up into that yesterday, and then we traded up
36 00:03:10 --> 00:03:15 into consequent encroachment of the Sibi. Okay, so the two targets I
37 00:03:15 --> 00:03:21 mentioned in that order from Monday's analysis was delivered here today and
38 00:03:21 --> 00:03:28 yesterday. So I want to show you this level here how we opened up yesterday
39 00:03:28 --> 00:03:33 and traded down immediately to this candle sticks high, all right. So we
40 00:03:33 --> 00:03:41 have Wednesday, Tuesday, Monday and then Friday. So Friday's high we traded down
41 00:03:41 --> 00:03:45 to that on Tuesdays, trading immediately opening here, and trading right back
42 00:03:45 --> 00:03:51 down when it does that and trades above the open. That's one of the most
43 00:03:51 --> 00:03:56 powerful bullish scenarios you can have when you have a bias that's leaning for
44 00:03:56 --> 00:04:01 higher prices, which is what we were looking for anyway. And I said, if we
45 00:04:01 --> 00:04:05 get outside of this city, this would be the next one to draw to. And if we get
46 00:04:05 --> 00:04:08 really animated and use this as an inversion fair value gap, which this one
47 00:04:08 --> 00:04:16 can be as well this gap here, so both of these could be used, and I guess, traded
48 00:04:16 --> 00:04:21 off of with a bullish inversion fair value gap aspect to it. If it does that
49 00:04:21 --> 00:04:26 these relative equal highs are suspect. Okay, so I'm avoiding trying to pick a
50 00:04:26 --> 00:04:31 top. I saw a couple people, you know, making comments on X saying that, you
51 00:04:31 --> 00:04:36 know, my students were were selling short, or I was bearish, or something to
52 00:04:36 --> 00:04:39 that effect. All you have to do is look at Monday's video. You'll see that I was
53 00:04:39 --> 00:04:44 calling for where we're at right now on Monday, so it's delivered perfectly. So
54 00:04:44 --> 00:04:48 anyway, we're going to drop down lower time frames. Just be mindful that this
55 00:04:48 --> 00:04:53 line here is salient to Friday's high and Tuesday we open traded down to it
56 00:04:53 --> 00:04:56 immediately, and then we've seen the two targets I mentioned on Monday deliver
57 00:04:56 --> 00:05:04 you. Right. Here's an hourly chart. And just to for completeness sake, I
58 00:05:04 --> 00:05:09 mentioned how this bicycle mount cell site efficiency was the low on this day
59 00:05:09 --> 00:05:13 here. And then we rallied up, came back down, used the high of the Sibi. I'm
60 00:05:13 --> 00:05:17 sorry, busy rather buy some amount, sell side efficiency this. We hit that and
61 00:05:17 --> 00:05:22 then we started to rally up. And then once we went above this high, then we
62 00:05:22 --> 00:05:25 had immediate rebalance. That's what this is. Here. Look at the bodies
63 00:05:25 --> 00:05:30 respecting as well, and the market starts to gravitate towards what the
64 00:05:30 --> 00:05:37 daily city low. Okay, daily city low is, again, this area here on the daily
65 00:05:37 --> 00:05:43 chart. So this red shaded line, I'm sorry, red, shaded rectangle in the
66 00:05:43 --> 00:05:51 midline here, that is going to be seen here. Here's the midline or consequent
67 00:05:51 --> 00:05:54 encroachment, the high of that and the low of that. So it's the daily city low
68 00:05:54 --> 00:05:59 and the daily city consequent encroachment, or midpoint of that shaded
69 00:05:59 --> 00:06:05 area shows you on the daily chart, and have been showing you for weeks and
70 00:06:05 --> 00:06:12 almost two months now. So the immediate rebalance from that point on up to the
71 00:06:12 --> 00:06:17 low of the daily Sibi, that is the draw on liquidity. That was the thing I told
72 00:06:17 --> 00:06:21 you to look for on Monday. And it happened. And then if we can grind out a
73 00:06:21 --> 00:06:27 run up into the consequence, that would be it. Now, let me counsel you to recall
74 00:06:27 --> 00:06:37 that this week is a Non Farm Payroll event week, okay, meaning that I teach
75 00:06:37 --> 00:06:42 my students to strive to look for setups on Monday of Non Farm Payroll week. A
76 00:06:42 --> 00:06:46 lot of people say I teach not to trade on Mondays. It's not true. If you're
77 00:06:46 --> 00:06:50 brand new and you're a student of mine, it's not had too much experience doing
78 00:06:50 --> 00:06:54 it. I tell everyone to avoid Mondays unless it's Non Farm Payroll week. And
79 00:06:54 --> 00:06:58 with more experience, obviously you can trade every single day. You can read
80 00:06:58 --> 00:07:02 price action and do whatever you want to do with your own model. But as a mentor,
81 00:07:02 --> 00:07:07 as a teacher, I try to counsel new people with less experience. I help them
82 00:07:07 --> 00:07:13 navigate the problematic days, because everybody thinks when they first come
83 00:07:13 --> 00:07:18 into this is every day is a trading day, and it is for you to lose money. And I
84 00:07:18 --> 00:07:24 try to look for the most advantageous days, times of day, days of week, months
85 00:07:24 --> 00:07:28 of the year, that type of thing to you hopefully have all the advantages and
86 00:07:28 --> 00:07:32 minimize, but you'll never be able to do it entirely but minimize the underlying
87 00:07:32 --> 00:07:38 risks and or the adversities that plague everyday trading. Okay, day trading is
88 00:07:38 --> 00:07:43 not everyday trading, and professionals don't make a mind of going out there and
89 00:07:43 --> 00:07:48 trying to do an everyday trading event. Now, with experience, you'll be able to
90 00:07:48 --> 00:07:51 determine if you're realistic with yourself and honest. You'll be able to
91 00:07:51 --> 00:07:56 determine if you can trade every single day. But I think if you look for a very
92 00:07:56 --> 00:08:01 few number of setups per week and wait for the setups to form for them, it's
93 00:08:01 --> 00:08:04 very liberating, and that's how I'm going into this series here. I want you
94 00:08:04 --> 00:08:10 to just look for the obvious moves each day and then build a narrative in
95 00:08:10 --> 00:08:14 hindsight about why it did what it did in the beginning, you'll be clumsy.
96 00:08:14 --> 00:08:19 You'll really just be waiting on my video and the commentary I give, but
97 00:08:19 --> 00:08:22 it's meant for you to use as like training wheels on a bicycle.
98 00:08:22 --> 00:08:26 Eventually, you want to get to the point where you do your annotation, your
99 00:08:26 --> 00:08:31 commentary, and then watch my video and compare and contrast what you sell, what
100 00:08:31 --> 00:08:34 you annotated in your own journal, versus what it is I'm talking about
101 00:08:34 --> 00:08:37 without a doubt, there's going to be a lot of things I'm leaving out. As I
102 00:08:37 --> 00:08:42 mentioned, I'm not trying to do a complete clinic on every possible PD
103 00:08:42 --> 00:08:49 rate that was available, just the major draw or two on each individual day. So
104 00:08:49 --> 00:08:53 anyway, we draw up into this level here, and today, for Wednesday, June 4, 2025
105 00:08:53 --> 00:08:57 we did get to consequent encroachment. And it's funny how it just stopped,
106 00:08:57 --> 00:09:03 right there, isn't it? It's probably random. All right. Here is the 15 minute
107 00:09:03 --> 00:09:06 time frame. And we had this budget amount of cell sign efficiency right
108 00:09:06 --> 00:09:11 before we get to the daily city below. It trades up into it falls short of the
109 00:09:11 --> 00:09:15 midpoint, comes right back down. Look at the body, respecting that. And then we
110 00:09:15 --> 00:09:20 consolidate, and we start building cell cell liquidity here. This is all time
111 00:09:20 --> 00:09:26 distortion, which is usually what you're going to get on Wednesday morning of Non
112 00:09:26 --> 00:09:29 Farm Payroll week. And then it becomes hit or miss, whether or not Wednesday's
113 00:09:29 --> 00:09:34 afternoon trading or even Wednesday's morning session is worth trading at all.
114 00:09:35 --> 00:09:38 And then same thing goes into Thursday. And then finally, on Non Farm Payroll
115 00:09:38 --> 00:09:42 Friday at 830 tomorrow, Eastern Time, and the carnival ride on unloads on the
116 00:09:42 --> 00:09:47 marketplace, and everybody has to reset their prop accounts or close their
117 00:09:47 --> 00:09:54 brokerage account, right? So this morning, I was looking at this drop
118 00:09:54 --> 00:09:59 here. I saw all these breakers forming, and I wanted to see it take out this low
119 00:09:59 --> 00:10:04 here. And. There's going to be a smaller five minute and one minute imbalance,
120 00:10:04 --> 00:10:08 but specifically a five minute inversion fair value gap. I use the timing and
121 00:10:09 --> 00:10:14 entry to go short to target that sell side liquidity. Over here, I went long
122 00:10:14 --> 00:10:18 to get to this level. Here, you saw that on x, and I'll drop down lower time
123 00:10:18 --> 00:10:22 frame in a second. But I put the gradient levels on here, and you can see
124 00:10:22 --> 00:10:24 how we dropped down into the upper quadrant, but fell short of the
125 00:10:25 --> 00:10:30 consequent encroachment of this busy didn't take out that low there, either,
126 00:10:30 --> 00:10:33 but it did use the consequent encroachment there, which is again very
127 00:10:33 --> 00:10:34 fascinating.
128 00:10:37 --> 00:10:38 Got down to a five minute chart.
129 00:10:40 --> 00:10:45 Same thing that low sell side, very, very defined, and this drop here is what
130 00:10:45 --> 00:10:49 I wanted. I didn't get a chance to get positioned. It dropped really fast. So I
131 00:10:49 --> 00:10:53 had to use the inversion fair value gap you'll see in a moment when I highlight
132 00:10:53 --> 00:10:59 it. But dropping down into here would be another objective. But because it's
133 00:10:59 --> 00:11:03 Wednesday of nonprofit here all week, I was content with getting out just below
134 00:11:03 --> 00:11:06 here. Now, up to this point, it sounds like just about everybody else that's a
135 00:11:06 --> 00:11:10 YouTuber or someone's on social media, and they'll say, I think I took a trade
136 00:11:10 --> 00:11:13 somewhere here. I think, I think my feel was here, instead of just simply showing
137 00:11:13 --> 00:11:17 the executions, okay, I'm not going to sit up here and tell you I took a trade.
138 00:11:17 --> 00:11:20 I took a trade and not show you the executions. I'm not going to I will
139 00:11:20 --> 00:11:24 never do that. Okay? I would never do that. So let's take a look at that. Now,
140 00:11:26 --> 00:11:29 here is the five minute chart. You can see here
141 00:11:29 --> 00:11:32 is this order, block
142 00:11:33 --> 00:11:38 right here. Don't close candle this one right here. And I'm entering on it there
143 00:11:39 --> 00:11:44 and running up into the daily si below, I told you, we draw on liquidity Monday
144 00:11:44 --> 00:11:49 night in analysis. So the next day, I do the very thing I told you I was looking
145 00:11:49 --> 00:11:55 for with an execution. And then over here today, this business, don't worry,
146 00:11:55 --> 00:12:02 this box will move out of the way. But this short is actually filled right
147 00:12:02 --> 00:12:09 here. And it's terrible, terrible placement, if it weren't so obvious that
148 00:12:09 --> 00:12:13 the sell side liquidity pool was going to get tagged, and I'll show you I mean
149 00:12:13 --> 00:12:17 in a moment. But then after it hits that, after I close the trade, and then
150 00:12:17 --> 00:12:20 the owners filled, it comes right back up to the Costco encroachment of the
151 00:12:20 --> 00:12:24 daily city. Bodies respect it drops about one more time. Look at the body
152 00:12:24 --> 00:12:29 staying inside of the daily city low. But the wick does the damage of taking
153 00:12:29 --> 00:12:34 out that low and trading down to the upper quadrant of the 15 minute bison
154 00:12:34 --> 00:12:39 balance, cell sign efficiency that's shaded in green, and then it goes into
155 00:12:39 --> 00:12:44 just consolidation and just more time distortion.
156 00:12:54 --> 00:12:58 Okay, and let's go back in time to Tuesday's trade. Here is the inversion
157 00:12:58 --> 00:13:03 fair value gap that I was using also inversion fair value, gap, quarter block
158 00:13:03 --> 00:13:03 on the
159 00:13:06 --> 00:13:12 discount, range, volume and balance respected
160 00:13:12 --> 00:13:16 with the bodies, comes up, hits the high of it drops back down. Upper quadrant.
161 00:13:16 --> 00:13:19 You can see the entry right here, upper quadrant of the city, which becomes in
162 00:13:19 --> 00:13:22 when it's bullish. Why is it bullish? Because I told you Monday I was looking
163 00:13:22 --> 00:13:28 for looking for the low of the daily city low, and it draws from there up to
164 00:13:28 --> 00:13:32 there. And I showed you that execution as it filled on x, just a small portion
165 00:13:32 --> 00:13:37 of it. This is the business behind all of it. And then moving on over into
166 00:13:38 --> 00:13:44 today, we had sell side building here is obvious. This is so obvious. So just
167 00:13:44 --> 00:13:51 remember that this level here, 21,006 65 that right there is based on this pool
168 00:13:51 --> 00:13:58 of liquidity that's forming. Scrub down over here, that same level, there's the
169 00:13:58 --> 00:14:05 fill and the drop down into that liquidity, and then the later lower run.
170 00:14:05 --> 00:14:09 But I was not able to hold that, because this is what could potentially happen,
171 00:14:09 --> 00:14:14 because where it's not from here a week. So this little area in here is a
172 00:14:14 --> 00:14:18 inversion fair value gap. You can study that on your own before we get to the
173 00:14:18 --> 00:14:22 open at six o'clock, and I may not get the video by then. So if it happens,
174 00:14:22 --> 00:14:25 then, you know, big deal. But right now I'm watching these relative equal lows,
175 00:14:26 --> 00:14:29 so we could drop down into that, and then I'll be interested to see if it
176 00:14:29 --> 00:14:33 starts to work overnight, higher to the high upper quadrant of the daily sippy
177 00:14:33 --> 00:14:33 I'm
178 00:14:42 --> 00:14:45 that's it for this one, until I'll talk to you next time. Be safe. You.