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ICT YT - 2025-06-16 - 2025 Lecture Series - Keys To Success In Troubled Markets 06-16-2025

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