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2 |1 |00:00:02 ~-~-> 00:00:10 |ICT: How you doing, folks, the NASDAQ June contract we're rolling out of that.
3 |2 |00:00:11 ~-~-> 00:00:15 |So every time we talk about NASDAQ after this presentation here, it will be
4 |3 |00:00:15 ~-~-> 00:00:21 |focusing on the September 2025, delivery contract, month in queue, and if I
5 |4 |00:00:21 ~-~-> 00:00:28 |happen to talk about the ES or Dow, they would be also the September contract for
6 |5 |00:00:28 ~-~-> 00:00:34 |2025 All right, so we're looking at the daily chart for NASDAQ, and I want to
7 |6 |00:00:34 ~-~-> 00:00:40 |talk a little bit about the keys to success trading troubled markets. And a
8 |7 |00:00:40 ~-~-> 00:00:46 |troubled market is obviously what we're engaging right now. And before we get
9 |8 |00:00:46 ~-~-> 00:00:49 |into it, obviously, this weekend, we just had a whole lot of stuff happened.
10 |9 |00:00:49 ~-~-> 00:00:53 |I told you this one for the history books. I told you we'd probably be
11 |10 |00:00:53 ~-~-> 00:00:59 |seeing some exchanges between two countries, and it's been pretty fierce.
12 |11 |00:01:00 ~-~-> 00:01:05 |So my heart goes out to to both countries and the innocent people that
13 |12 |00:01:05 ~-~-> 00:01:09 |are being affected by it. But there's no winners in
14 |13 |00:01:09 ~-~-> 00:01:13 |wars, folks. It's unfortunate. It's there's loss on both both
15 |14 |00:01:13 ~-~-> 00:01:23 |sides. So we're looking at the 21st of February at city that down close candle
16 |15 |00:01:23 ~-~-> 00:01:32 |here. And then we have this February 24 tippy, and I have that graded so it has
17 |16 |00:01:32 ~-~-> 00:01:38 |the Fibonacci levels on it. And this is just simply highlighted an upside target
18 |17 |00:01:38 ~-~-> 00:01:46 |that we had, and you clearly see that we did, in fact, hit it. Now, what is a
19 |18 |00:01:46 ~-~-> 00:01:53 |troubled market? Well, the way I define it, it's where the market just has a
20 |19 |00:01:53 ~-~-> 00:01:59 |unwillingness to go higher or lower, and it starts sharing the previous candles
21 |20 |00:01:59 ~-~-> 00:02:06 |or bars ranges, and that's what we're seeing here. Okay, look at basically all
22 |21 |00:02:06 ~-~-> 00:02:13 |of this price action on this wick, dropped down, then rallied up, came back
23 |22 |00:02:13 ~-~-> 00:02:20 |in consequence of this candlesticks. Discount wick rallied up back inside of
24 |23 |00:02:21 ~-~-> 00:02:29 |the 24th of February, Sibi and trade up into 21st daily city broke back down,
25 |24 |00:02:29 ~-~-> 00:02:34 |back into a fair value gap on the daily chart that's formed on the third of June
26 |25 |00:02:34 ~-~-> 00:02:39 |2025, and we opened right at the low of that see that and came right back up to
27 |26 |00:02:39 ~-~-> 00:02:46 |consequent encroachment of the Sibi of February, 24 2025, and that's again,
28 |27 |00:02:47 ~-~-> 00:02:52 |this single self, unbalanced spot inefficiency. Now some of you may be
29 |28 |00:02:52 ~-~-> 00:02:54 |looking at this and saying, Why are you making such a big deal about that? Well,
30 |29 |00:02:54 ~-~-> 00:03:05 |if you recall, I was giving guidance on NASDAQ that we would be bullish, looking
31 |30 |00:03:05 ~-~-> 00:03:15 |for prices to reach up into this gap when we were down here. And it round up,
32 |31 |00:03:15 ~-~-> 00:03:19 |came back down in I said this would be an ideal scenario if it went below that
33 |32 |00:03:19 ~-~-> 00:03:22 |low institutional referral entry drill, which is what we're seeing here. And it
34 |33 |00:03:22 ~-~-> 00:03:26 |round and it rallied up and used this down close can as an order block. It
35 |34 |00:03:27 ~-~-> 00:03:31 |just kept driving up into this inefficiency with the extreme running up
36 |35 |00:03:31 ~-~-> 00:03:36 |into this gap there. But it failed to get the constant crone on that notice
37 |36 |00:03:36 ~-~-> 00:03:43 |that long term, without trying to pick a top I'm using these highs here as a
38 |37 |00:03:43 ~-~-> 00:03:47 |relative equal high draw on liquidity daily chart. So I'm I'm not trying to
39 |38 |00:03:47 ~-~-> 00:03:52 |pick a top. I'm still focusing on the likelihood that it could continuously
40 |39 |00:03:52 ~-~-> 00:03:58 |grind higher, even though it is difficult to, you know, position longer
41 |40 |00:03:58 ~-~-> 00:04:03 |term and put a reasonable stop loss in there without taking exorbitant risk.
42 |41 |00:04:03 ~-~-> 00:04:09 |And the gap risk is such enormous concern right now because of all the
43 |42 |00:04:09 ~-~-> 00:04:15 |things that's going on over there in the Middle East and domestically here in the
44 |43 |00:04:15 ~-~-> 00:04:18 |United States. So there's a lot of stuff going on. I'm not going to you know,
45 |44 |00:04:18 ~-~-> 00:04:25 |belabor the topics and rehashing, recover all that stuff I mentioned in
46 |45 |00:04:25 ~-~-> 00:04:33 |posts on Twitter or X, they call it now on any space I did over there. So we're
47 |46 |00:04:34 ~-~-> 00:04:40 |going to focus on these quadrant levels and ignore now. Here's the thing, we
48 |47 |00:04:41 ~-~-> 00:04:47 |clearly would agree that this swing low is obvious. Okay, so that right there,
49 |48 |00:04:47 ~-~-> 00:05:08 |and I'm going to make that large and maximize its width. Okay, and this right
50 |49 |00:05:08 ~-~-> 00:05:17 |there. So there are two significant pools of liquidity, near term buy side,
51 |50 |00:05:18 ~-~-> 00:05:22 |near term sell side. Now there are minor buy side liquidity pools, for instance,
52 |51 |00:05:22 ~-~-> 00:05:30 |the one we have here on June, 6 and 13th of June, which we didn't breach that so
53 |52 |00:05:30 ~-~-> 00:05:35 |far this week, we opened at the low of the fair value gap there, which is
54 |53 |00:05:35 ~-~-> 00:05:39 |probably random trading up into consequent encroachment of that gap
55 |54 |00:05:39 ~-~-> 00:05:47 |right here. Okay, so for the sake of keeping track of it, I'm going to show
56 |55 |00:05:47 ~-~-> 00:06:01 |you that range and highlight it in something like, let's, let's use a very,
57 |56 |00:06:01 ~-~-> 00:06:09 |very light green. That way you'll know what I'm referring to based on the daily
58 |57 |00:06:09 ~-~-> 00:06:13 |chart. And these levels here. Okay, so all these levels are quadrants. This is
59 |58 |00:06:13 ~-~-> 00:06:18 |the low, the lowest quadrant, consequent encroachment midpoint, upper quadrant
60 |59 |00:06:19 ~-~-> 00:06:25 |and the high of this individual clear value gap, which is a city we did the
61 |60 |00:06:25 ~-~-> 00:06:29 |damage of running up into this gap there, but failed to get to consequent
62 |61 |00:06:29 ~-~-> 00:06:34 |encouragement. So that means it could, I'm not saying it will. I'm not saying
63 |62 |00:06:34 ~-~-> 00:06:42 |that it is, but it could have topped on a short term, and then make, might we
64 |63 |00:06:42 ~-~-> 00:06:49 |see they run into the sell side here, that low and then under here, and maybe
65 |64 |00:06:49 ~-~-> 00:06:54 |so much as a return back down in here and fix some of this inefficiency in
66 |65 |00:06:54 ~-~-> 00:07:00 |this bicycle mount cell side efficiency while leaving this high intact. It's on
67 |66 |00:07:00 ~-~-> 00:07:04 |the table, but I'm not pressing it hard. In other words, I'm not trying to sell
68 |67 |00:07:04 ~-~-> 00:07:09 |the idea to you as a viewer or a student that's tape reading with me, because
69 |68 |00:07:09 ~-~-> 00:07:14 |it's not trade advice for you folks. Okay, you know, despite the the accuracy
70 |69 |00:07:14 ~-~-> 00:07:19 |what you see me sharing and calling for an analysis, do not use what I'm talking
71 |70 |00:07:19 ~-~-> 00:07:24 |about here as trade advice. Okay, obviously it's, it's meant to inspire
72 |71 |00:07:24 ~-~-> 00:07:28 |you to watch price action, to get encouraged by the topics and subject
73 |72 |00:07:28 ~-~-> 00:07:34 |matter I teach on this channel and on my x channel. But just remember the risks
74 |73 |00:07:34 ~-~-> 00:07:41 |are exorbitant right now, huge, huge, off the charts level type of risk. So
75 |74 |00:07:41 ~-~-> 00:07:46 |just be mindful that. So now that we have all this lipstick on the chart, I'm
76 |75 |00:07:46 ~-~-> 00:07:58 |going to drop down into a one minute chart. Okay, and this morning, I was
77 |76 |00:07:58 ~-~-> 00:08:04 |watching the consequent encouragement level of actually, I just realized I
78 |77 |00:08:04 ~-~-> 00:08:10 |didn't. Let's go back into the daily chart. I gotta highlight this and make
79 |78 |00:08:10 ~-~-> 00:08:18 |sure it shows up in the lower time frames. All right, so let's transport
80 |79 |00:08:18 ~-~-> 00:08:20 |ourselves right back down into the one minute
81 |80 |00:08:26 ~-~-> 00:08:35 |chart that a shape here. ICT got to get back into the rhythm, all right. So we
82 |81 |00:08:35 ~-~-> 00:08:43 |have the consequent encroachment level of that February 24 daily city, and
83 |82 |00:08:44 ~-~-> 00:08:49 |that's the upper quadrant, and then it's the high see how we're working in the
84 |83 |00:08:49 ~-~-> 00:08:53 |lower half. So in the lower half, and you're going to hear my puppy snoring,
85 |84 |00:08:53 ~-~-> 00:09:00 |Miss Piper over there. I'm in such a holly jolly mood. I'm watching this
86 |85 |00:09:00 ~-~-> 00:09:06 |while we're doing this video, the which is gonna be useless to you, but it's
87 |86 |00:09:06 ~-~-> 00:09:13 |just one of those things. I'm like a dog looking at squirrels. Squirrel so it
88 |87 |00:09:13 ~-~-> 00:09:16 |runs up into a several times, leaves these relative equal highs. It punches
89 |88 |00:09:16 ~-~-> 00:09:21 |through, it breaks down, doesn't take out the swing low. Notice that it comes
90 |89 |00:09:21 ~-~-> 00:09:25 |back down into what you'll see when we get into a large, even lower time frame
91 |90 |00:09:25 ~-~-> 00:09:30 |on the 32nd chart. There's a volume imbalance right in here. Then it rallies
92 |91 |00:09:30 ~-~-> 00:09:35 |up once more, leaves the high intact, gives a fake bull flag, okay? Because
93 |92 |00:09:35 ~-~-> 00:09:39 |bull flags, you know, or nice little retail traps when you incorporate them
94 |93 |00:09:39 ~-~-> 00:09:42 |with an algorithmic price level, like the consequent encroachment level of
95 |94 |00:09:42 ~-~-> 00:09:48 |that February, 24 2025 which I have been beating to death for weeks for you to
96 |95 |00:09:48 ~-~-> 00:09:56 |watch. Study it when you're when you're using analysis concepts from the retail
97 |96 |00:09:56 ~-~-> 00:10:04 |collection, you're going to. Is a lot of frustration right now, because the
98 |97 |00:10:04 ~-~-> 00:10:11 |market is being very fickle, meaning that it's allowing for sentiment to
99 |98 |00:10:11 ~-~-> 00:10:16 |build up, because there's a lot of things going on around the world, and
100 |99 |00:10:16 ~-~-> 00:10:20 |the next move that we see is probably going to be very significant, whether it
101 |100 |00:10:20 ~-~-> 00:10:24 |be up or down, it's going to be significant. And the longer they keep
102 |101 |00:10:24 ~-~-> 00:10:31 |the market in this just, you know, it's not necessarily a range bound market,
103 |102 |00:10:31 ~-~-> 00:10:40 |but it's staying inside of a chaotic portion of price action. So the way I
104 |103 |00:10:40 ~-~-> 00:10:44 |define that is, it's time distortion. Okay, so it's they're holding the market
105 |104 |00:10:44 ~-~-> 00:10:52 |in a holding pattern to afford traders time to build a bias, build a narrative
106 |105 |00:10:52 ~-~-> 00:10:56 |around what they think the market's going to do, because there's a lot of
107 |106 |00:10:56 ~-~-> 00:11:02 |risk right now, and large money isn't just dog piling it and pouring money
108 |107 |00:11:02 ~-~-> 00:11:07 |into it. So they're going to let the market stay inside this chaotic price
109 |108 |00:11:07 ~-~-> 00:11:12 |consolidation and then boom, once they rip it out of it higher or lower, that
110 |109 |00:11:12 ~-~-> 00:11:17 |will encourage large, deeper pockets to participate. Right now they're not
111 |110 |00:11:17 ~-~-> 00:11:21 |participating. So to be a trader in this environment, you have to be very, very
112 |111 |00:11:21 ~-~-> 00:11:27 |nimble. Okay, so the keys to success in a troubled market is stop thinking
113 |112 |00:11:27 ~-~-> 00:11:32 |classic Support Resistance. Okay, stop doing that. I'm not a proponent of it
114 |113 |00:11:32 ~-~-> 00:11:36 |anyway, but in these environments, you have to think differently, and you got
115 |114 |00:11:36 ~-~-> 00:11:42 |to think outside the box. So by having a old array, like I mentioned, February 24
116 |115 |00:11:43 ~-~-> 00:11:47 |of 2025, there's no denying the fact that I've keyed your attention up to
117 |116 |00:11:47 ~-~-> 00:11:52 |that very individual day and the context. You have to go through all the
118 |117 |00:11:52 ~-~-> 00:11:56 |videos since I first mentioned that, you know, a couple months ago, so you can
119 |118 |00:11:56 ~-~-> 00:12:00 |track the narrative as to how I used it, and I'm going to give you a little bit
120 |119 |00:12:00 ~-~-> 00:12:05 |better insight with it today, when you have a range like that, where you can
121 |120 |00:12:05 ~-~-> 00:12:09 |see the consequence levels, this blue level here, and we're having a difficult
122 |121 |00:12:09 ~-~-> 00:12:13 |time getting above the midpoint, up in the upper half. So if the market's
123 |122 |00:12:13 ~-~-> 00:12:17 |bearish, you're going to see signatures like that. And then if it's going to be
124 |123 |00:12:17 ~-~-> 00:12:21 |bearish, and it's reacting off the constant encroachment level, where could
125 |124 |00:12:21 ~-~-> 00:12:28 |it trade down to the next level, which is the lower quadrant level? Well,
126 |125 |00:12:28 ~-~-> 00:12:35 |because the market's fickle, and it's being held in a range where eyes and
127 |126 |00:12:35 ~-~-> 00:12:42 |shorts are struggling to find the courage to hold on to them when the
128 |127 |00:12:42 ~-~-> 00:12:47 |market finally does break below this swing low and this swing low, right
129 |128 |00:12:47 ~-~-> 00:12:53 |there, that's a shift in market structure. So now anything in here can
130 |129 |00:12:53 ~-~-> 00:12:58 |be used as it's a premium array to get short and in aiming for low hanging
131 |130 |00:12:58 ~-~-> 00:13:04 |fruit objectives, which would be something like this low, that gap right
132 |131 |00:13:04 ~-~-> 00:13:10 |there. That's an actual gap or liquidity void. That low here, that low. Or if you
133 |132 |00:13:10 ~-~-> 00:13:14 |have the brass, the hold for it, the lower quadrant level, and you can see it
134 |133 |00:13:14 ~-~-> 00:13:20 |only gave you one opportunity right there, and then it comes back up, fails
135 |134 |00:13:20 ~-~-> 00:13:25 |to go lower. Rejection block lowest down close price rallies up, buy side,
136 |135 |00:13:25 ~-~-> 00:13:29 |amount, sell side and efficiency. Add the volume imbalance there, trades down
137 |136 |00:13:29 ~-~-> 00:13:37 |into it. Here, rallies up, retrace it back down into the gap in here it's
138 |137 |00:13:37 ~-~-> 00:13:42 |volume imbalance trades down to it. Consequent encroachment of that volume
139 |138 |00:13:42 ~-~-> 00:13:49 |of balance, then rallies up small little gap here trades to the high, leaves this
140 |139 |00:13:49 ~-~-> 00:13:58 |high intact. Here drops What's that minor buy side drops back down in this
141 |140 |00:13:58 ~-~-> 00:14:05 |gap, complete closure. Rallies once more bullish fair value gap trade. So there
142 |141 |00:14:07 ~-~-> 00:14:12 |extrapolated run to the upside, minor buy side taken, rallies up and just fall
143 |142 |00:14:12 ~-~-> 00:14:19 |short of the consequent correction level of that February, 24 2025 daily city in
144 |143 |00:14:19 ~-~-> 00:14:26 |here when the market broke. Structure here. There's a volume imbalance when we
145 |144 |00:14:26 ~-~-> 00:14:39 |drop into the 32nd chart there, and it's that low also. So when the market broke
146 |145 |00:14:39 ~-~-> 00:14:45 |lower, premium array would be in here. Now, premium relative to what Michael
147 |146 |00:14:45 ~-~-> 00:14:49 |that that level down here. So let's look at this way, because there's a lot of
148 |147 |00:14:49 ~-~-> 00:14:56 |people think they understand my theory of discount and premium. They don't
149 |148 |00:14:56 ~-~-> 00:15:03 |really. But the. This breaking structure. Soon as that breaking
150 |149 |00:15:03 ~-~-> 00:15:09 |structure occurs, right here? Well, this one, if you're looking at the one minute
151 |150 |00:15:11 ~-~-> 00:15:16 |chart, this breaking structure right there. If you anchor it's at low, down
152 |151 |00:15:16 ~-~-> 00:15:25 |to that level right there. Anything at this level or higher is a premium for
153 |152 |00:15:25 ~-~-> 00:15:29 |me. The way I use that is, if there is a setup that I can be getting short in,
154 |153 |00:15:32 ~-~-> 00:15:39 |and I afford myself at least 15 handles and then NASDAQ, if I can't get
155 |154 |00:15:39 ~-~-> 00:15:43 |comfortably 15 handles out of it with spread considered on both sides, then
156 |155 |00:15:43 ~-~-> 00:15:49 |I'm not going to take the trade. So you can see that in here, it affords you, if
157 |156 |00:15:49 ~-~-> 00:15:55 |you're up here trading around the 70s, or if we're going to be conservative,
158 |157 |00:15:55 ~-~-> 00:16:04 |the 60 sevens to the 50 twos in that range that can afford you a opportunity
159 |158 |00:16:04 ~-~-> 00:16:12 |to get 20 handles, or net 15 with this, with the slippage and spread and or the
160 |159 |00:16:12 ~-~-> 00:16:20 |commission costs per contract on a one minute chart inside This area also was a
161 |160 |00:16:20 ~-~-> 00:16:31 |inversion fair value gap here, right there, and then the liquidity below
162 |161 |00:16:31 ~-~-> 00:16:38 |there being taken. But after failing to operate as a retail bull flag with the
163 |162 |00:16:38 ~-~-> 00:16:42 |level I've been telling you to watch, which is consequence of February 24 Daly
164 |163 |00:16:42 ~-~-> 00:16:49 |City, and this inefficiency here, any retracement up in we want to see it stay
165 |164 |00:16:49 ~-~-> 00:16:55 |below the half way point. So your stop loss would be anywhere in here or one
166 |165 |00:16:55 ~-~-> 00:17:00 |tick or two above the midpoint, because we want to see it rotate lower and it
167 |166 |00:17:00 ~-~-> 00:17:04 |rallies up, trades into it there, and then breaks lower. Now I have, I have PD
168 |167 |00:17:04 ~-~-> 00:17:10 |arrays, and I know that you guys are gonna go do stuff about this, but I have
169 |168 |00:17:10 ~-~-> 00:17:15 |PD arrays that afford me very precise things, but I'm not going to teach them
170 |169 |00:17:15 ~-~-> 00:17:21 |to you. But some of you ask a lot of times like, you know, how do you trust
171 |170 |00:17:21 ~-~-> 00:17:26 |putting your stop loss at that level where it's just one tick away and it'll
172 |171 |00:17:26 ~-~-> 00:17:30 |trade right back to it just by one tick and fail to hit the stop loss and then
173 |172 |00:17:30 ~-~-> 00:17:33 |run away. You've seen hundreds and hundreds of me, examples of me doing
174 |173 |00:17:33 ~-~-> 00:17:40 |that, both in forex and also in futures contracts. So one of the things that
175 |174 |00:17:41 ~-~-> 00:17:46 |allows me to do that is I this is a PDA ray that I'm not going to teach you, but
176 |175 |00:17:46 ~-~-> 00:17:53 |it is, unfortunately, one of those best kept secret type things. This is the
177 |176 |00:17:53 ~-~-> 00:17:59 |range that I'm grading, and it's this candle is high, and this candles low,
178 |177 |00:17:59 ~-~-> 00:18:03 |the lower quadrant, if I'm bearish, I want to see it stay below the midpoint
179 |178 |00:18:03 ~-~-> 00:18:06 |of that one minute in balance or sell side imbalance by sound
180 |179 |00:18:08 ~-~-> 00:18:11 |efficiency in the 32nd chart. And this is not to teach you anything. I'm just
181 |180 |00:18:12 ~-~-> 00:18:16 |answering a question, but causing more questions that come up, which is going
182 |181 |00:18:16 ~-~-> 00:18:19 |to frustrate some of you. But as I said many times, there's a lot of things I'm
183 |182 |00:18:19 ~-~-> 00:18:23 |guarding I will never teach you. Can put a gun to my head. I'm never going to
184 |183 |00:18:23 ~-~-> 00:18:26 |teach it to you. It's not going to happen. It's for my family members. It's
185 |184 |00:18:26 ~-~-> 00:18:31 |for my children. And now, hello, I'm going to be a grandfather. Cody and his
186 |185 |00:18:31 ~-~-> 00:18:38 |wife informed me yesterday for father's day that I'm going to be a pop pop. So
187 |186 |00:18:38 ~-~-> 00:18:42 |I'm so excited. I can't believe it. It's like the days finally here, my wife and
188 |187 |00:18:42 ~-~-> 00:18:46 |I are static, so I kind of felt something was coming, like I just knew
189 |188 |00:18:46 ~-~-> 00:18:51 |something really was brewing. And when they came over here, he gave me a gift
190 |189 |00:18:51 ~-~-> 00:18:56 |with his printer, and as I picked it up, it was rattling. It was something in the
191 |190 |00:18:56 ~-~-> 00:19:00 |back of it, and it was just like a little 3d printed thing. Guess Who's
192 |191 |00:19:00 ~-~-> 00:19:07 |Coming, and the daughter's name or son's name was shared on it, and I'm not going
193 |192 |00:19:07 ~-~-> 00:19:15 |to give that information out. It's too private. But the point is, these types
194 |193 |00:19:15 ~-~-> 00:19:19 |of things I guard, and it's not meant it's too good for the public. It's
195 |194 |00:19:19 ~-~-> 00:19:22 |absolutely too good for the public. I would never put a price tag on it and
196 |195 |00:19:22 ~-~-> 00:19:26 |teach it, and I would never share it with anybody outside my family. But like
197 |196 |00:19:26 ~-~-> 00:19:30 |I said, I have 81 of these things. But if you look the retracement up in, look
198 |197 |00:19:30 ~-~-> 00:19:34 |at the high of that candlestick right there on the 32nd chart. That's supposed
199 |198 |00:19:34 ~-~-> 00:19:43 |to be noise Goldman, it is 21,777.00 that's the high and that's also the
200 |199 |00:19:43 ~-~-> 00:19:49 |lower quadrant level right there to tick 21,007, seven, 7.00, so my stop loss can
201 |200 |00:19:49 ~-~-> 00:19:54 |be one to two ticks above that, and that's how I'm doing a lot of the things
202 |201 |00:19:54 ~-~-> 00:19:58 |that you see me do, stop loss, placement, management, like to that
203 |202 |00:19:58 ~-~-> 00:20:02 |degree, where I'm doing it, where it's. Olympic level. I'm never gonna I'm never
204 |203 |00:20:02 ~-~-> 00:20:06 |gonna teach that to any of my students. That's this too good. It's not
205 |204 |00:20:06 ~-~-> 00:20:11 |necessary, and I've already taught how to manage a position with a proper stop
206 |205 |00:20:11 ~-~-> 00:20:17 |loss. That's reasonable. Now, quickly, you can use these ideas. You know, if
207 |206 |00:20:17 ~-~-> 00:20:19 |it's something you understand, but you're never gonna understand because
208 |207 |00:20:19 ~-~-> 00:20:22 |I'm not gonna teach it to you, and I know this is gonna really piss people.
209 |208 |00:20:22 ~-~-> 00:20:25 |Really piss people off and it's going to make them mad, but I've already warned
210 |209 |00:20:25 ~-~-> 00:20:30 |you that there's some things that I'm not going to share. I'm not going to
211 |210 |00:20:30 ~-~-> 00:20:35 |teach it to you. Okay, I'm not going to, but to be fair to the individuals that
212 |211 |00:20:35 ~-~-> 00:20:40 |genuinely have a concern for how I place my stop losses and manage them so Ultra
213 |212 |00:20:40 ~-~-> 00:20:44 |tight. It's these types of things behind the scenes that I'm never going to
214 |213 |00:20:44 ~-~-> 00:20:50 |articulate or make available, because my stuff has already been adulterated to
215 |214 |00:20:50 ~-~-> 00:20:54 |degree where it's absolutely being abused by people that don't know how to
216 |215 |00:20:54 ~-~-> 00:20:58 |trade with it and are selling mentorships and adding to it, saying
217 |216 |00:20:58 ~-~-> 00:21:02 |that this is stuff that he's hiding. He didn't. He didn't teach this in his
218 |217 |00:21:02 ~-~-> 00:21:06 |YouTube channel, but it's really in the secret parts of his paid membership and
219 |218 |00:21:06 ~-~-> 00:21:09 |all stuff that's all bullshit. Like, I promise you, that's bullshit. They're
220 |219 |00:21:09 ~-~-> 00:21:15 |just trying to rook you to get money from you, these types of things that I'm
221 |220 |00:21:15 ~-~-> 00:21:19 |showing you here, and many more of them this, and this ain't even all this is
222 |221 |00:21:19 ~-~-> 00:21:23 |nothing. Like, this is absolutely nothing. But when I'm managing stop
223 |222 |00:21:23 ~-~-> 00:21:27 |loss, this is one type of PD array that I use, even though you think you might
224 |223 |00:21:27 ~-~-> 00:21:31 |see it might be figuring it out, and you're going to come out and have your
225 |224 |00:21:31 ~-~-> 00:21:34 |own little interpretation of this, you're going to be wrong, I promise you.
226 |225 |00:21:34 ~-~-> 00:21:40 |And if you, if you don't believe me, have them trade with it in something
227 |226 |00:21:40 ~-~-> 00:21:47 |like, you know, like a live account like that. So the the reason why I cover that
228 |227 |00:21:47 ~-~-> 00:21:50 |stuff up, folks, is because I'm not trying to push you into a brokerage
229 |228 |00:21:50 ~-~-> 00:21:55 |firm. I'm not selling the attention to a specific broker. I don't get any
230 |229 |00:21:55 ~-~-> 00:21:59 |relationship kickbacks from them, okay? But that's why I don't show and frankly,
231 |230 |00:21:59 ~-~-> 00:22:03 |it's none of your fucking business who I trade with that. And that's the that's
232 |231 |00:22:03 ~-~-> 00:22:08 |the reality of it all. Okay, so to keep things germane into price action only
233 |232 |00:22:08 ~-~-> 00:22:12 |when I show my examples, when I show my executions, when I show my management or
234 |233 |00:22:12 ~-~-> 00:22:17 |analysis, and you see these things down here covered up, it's number one, it's
235 |234 |00:22:17 ~-~-> 00:22:24 |for decency, it's for privacy. And two, it's none of your damn business. Okay?
236 |235 |00:22:24 ~-~-> 00:22:27 |If you want to trade with the brokerage firm that I'm trading with, you've made
237 |236 |00:22:27 ~-~-> 00:22:31 |that decision on your own. Okay? You're not going to get me telling you and
238 |237 |00:22:31 ~-~-> 00:22:33 |twisting your arm. You better go with this broker, because they're better than
239 |238 |00:22:33 ~-~-> 00:22:38 |everybody else. Every broker sucks. Every single broker sucks. So there you
240 |239 |00:22:38 ~-~-> 00:22:41 |go. I'm not I'm not with anybody. I don't have any affiliate programs,
241 |240 |00:22:41 ~-~-> 00:22:47 |period. But with all that stuff out of the way and now explaining, you know why
242 |241 |00:22:47 ~-~-> 00:22:53 |sometimes my stop losses are ultra precise, that I felt comfortable that by
243 |242 |00:22:53 ~-~-> 00:23:01 |entering inside of the volume imbalance here, which is right there, which is
244 |243 |00:23:01 ~-~-> 00:23:06 |also factoring in that low the drawdown should be limited to worst case
245 |244 |00:23:06 ~-~-> 00:23:11 |scenario, consequent encroachment of that one minute siby That's in this
246 |245 |00:23:11 ~-~-> 00:23:16 |shaded area here, but trimming that back down to a 32nd chart, that retracement
247 |246 |00:23:16 ~-~-> 00:23:20 |up in here to the lower quadrant, two ticks above that, which is usually about
248 |247 |00:23:20 ~-~-> 00:23:24 |what I have if I Have if I have a level I have in mind that I want to see it not
249 |248 |00:23:24 ~-~-> 00:23:29 |breach, then I'm usually going two ticks above whatever that level is, or below
250 |249 |00:23:30 ~-~-> 00:23:35 |if I'm long. So the factor of that one minute siby, let's go back to our one
251 |250 |00:23:35 ~-~-> 00:23:36 |minute chart.
252 |251 |00:23:42 ~-~-> 00:23:50 |I'm again, monthly, one minute chart. This cell set a balance by seven
253 |252 |00:23:50 ~-~-> 00:23:55 |efficiency. It's that one single down, closed candle right there, framing it by
254 |253 |00:23:55 ~-~-> 00:24:02 |this. Candles high, that candles low. So entering here, the retracement up in
255 |254 |00:24:02 ~-~-> 00:24:08 |here. I wanted to add two more contracts, but it just it didn't give me
256 |255 |00:24:08 ~-~-> 00:24:14 |a chance. I mean, these are 32nd fluctuations on very small time frames.
257 |256 |00:24:14 ~-~-> 00:24:17 |Even though the limit looks like it's it's hanging out there for a long, long
258 |257 |00:24:17 ~-~-> 00:24:23 |time. It's not there very long so the time I'm watching it, and my brain to
259 |258 |00:24:23 ~-~-> 00:24:29 |say, Okay, I'll take it there, and then reaction time that's required to do it.
260 |259 |00:24:29 ~-~-> 00:24:34 |It's kind of like driving a car or a tractor trailer. Well, between the two,
261 |260 |00:24:34 ~-~-> 00:24:37 |the reaction time and stopping time by you, seeing something as a hazard in
262 |261 |00:24:37 ~-~-> 00:24:42 |front of you, driving your car with four wheels is quicker, versus someone that's
263 |262 |00:24:42 ~-~-> 00:24:46 |driving a tractor trailer. They may see the same hazard too, but the reaction
264 |263 |00:24:46 ~-~-> 00:24:49 |time of them putting their foot through the brake and then the brakes being
265 |264 |00:24:49 ~-~-> 00:24:54 |applied, then slowing that vehicle down, is stark contrast between the two. Well,
266 |265 |00:24:54 ~-~-> 00:24:59 |when you're using these very ultra short time frames, your reaction time is going
267 |266 |00:24:59 ~-~-> 00:25:07 |to be. Be very, very skewed, and limit orders are ideal. But this morning, I
268 |267 |00:25:07 ~-~-> 00:25:12 |was measuring volatility, and I was also measuring the order flow and liquidity
269 |268 |00:25:12 ~-~-> 00:25:16 |of the June contract, because I wanted to see early on if I was going to use
270 |269 |00:25:16 ~-~-> 00:25:21 |June for New York session, am or pm session, if I do any trading in it, or
271 |270 |00:25:21 ~-~-> 00:25:25 |if I was going to roll over today for the September contract. And I already
272 |271 |00:25:25 ~-~-> 00:25:29 |posted on X that I'm going to be trading with the September contract going
273 |272 |00:25:29 ~-~-> 00:25:34 |forward. So this, this is the last time we look at this particular contract. So.