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ICT YT - 2025-09-18 - Trading FOMC Two Stage Delivery

Last modified by Drunk Monkey on 2025-09-27 14:15
1 00:00:00 --> 00:00:11 ICT: Hello folks, welcome back. Today is September 17, 2025 okay, and tonight's
2 00:00:11 --> 00:00:14 lecture is going to be on trading FOMC, two stage delivery, all right.
3 00:00:20 --> 00:00:25 So we're looking at the NASDAQ we rolled over to December contract. In case you
4 00:00:25 --> 00:00:30 haven't noticed, the volume open interest has increased to the degree
5 00:00:30 --> 00:00:37 that December is now higher and more active. All right, so we're looking at
6 00:00:37 --> 00:00:42 the left hand side. It's the daily chart for December contract of Nasdaq futures
7 00:00:42 --> 00:00:47 here. And then over here, we have a one minute candlestick chart for the same
8 00:00:47 --> 00:00:54 Okay, and this handsome devil here, he's got his eye on you. Okay? So for the
9 00:00:54 --> 00:00:58 folks that may want to ask, no, I'm not going to remove that, because it's
10 00:00:58 --> 00:01:03 simply a matter of piracy. People take my stuff and pretend it's theirs, so
11 00:01:03 --> 00:01:10 this way there's only one of me. Okay, so the the concepts I went over last
12 00:01:10 --> 00:01:18 night, as it regards to trading all time highs, or near all time highs, is to
13 00:01:18 --> 00:01:28 constantly look at very specific price points, volume, balance, fair value
14 00:01:28 --> 00:01:41 gaps, the opens, closes and try to avoid trying to pick the top that doesn't mean
15 00:01:42 --> 00:01:46 that, once you're seasoned as a analyst, that you can't look for shorts, but they
16 00:01:46 --> 00:01:53 have to be intraday. But the larger scale price runs are going to be more
17 00:01:53 --> 00:01:59 apt to be in line with going higher, because it's impossible to pick the top
18 00:01:59 --> 00:02:04 Okay, and anyone tells you that they figured it out, they're lying all right.
19 00:02:04 --> 00:02:14 So by looking at the intraday chart here, notice that this high and this
20 00:02:14 --> 00:02:21 high are relatively equal, and if you go back to the left, a little bit more over
21 00:02:21 --> 00:02:25 here as well. And I'll counsel you to look at the open and close of
22 00:02:25 --> 00:02:29 yesterday's candle on the daily chart. Mark that out, and you'll see that
23 00:02:29 --> 00:02:33 that's very close to running out these relative Eagle highs. And that's what we
24 00:02:33 --> 00:02:39 have here at 930 we have it run up and it breaks lower, so we have a shift in
25 00:02:39 --> 00:02:45 market structure. And this is enough to indicate a shift in market structure
26 00:02:45 --> 00:02:51 bearishly. And then another swing low here, and we have relative equal lows,
27 00:02:51 --> 00:02:55 which we'll look at as minor sell side. And then we have a sell side liquidity
28 00:02:55 --> 00:03:01 pool here. Now I'm going to show you by looking at where this sell side
29 00:03:01 --> 00:03:08 liquidity pool is in deference to this range here this single up close candle
30 00:03:08 --> 00:03:14 on Monday. So we're going to look at where this is in proximity to this range
31 00:03:14 --> 00:03:21 between this candle sticks low, this candle sticks high, and why it's more
32 00:03:21 --> 00:03:27 likely to come back down into this volume imbalance and this fair value
33 00:03:27 --> 00:03:36 gap. Now, if I get anything further, I did some trades today, and I shorted in
34 00:03:36 --> 00:03:42 the morning. Here I'll go over this, and then I ordered once more in the
35 00:03:42 --> 00:03:48 afternoon at the FOMC, just using the model 2022, so it's not complicated.
36 00:03:48 --> 00:03:53 It's not gold buck. I know I have a student of mine that is insists that
37 00:03:53 --> 00:03:57 that's what it is, and he's convinced other people that's what it is, I swear
38 00:03:57 --> 00:04:03 to you in Jesus name, it's not gold buck. Okay, so if, if you want to
39 00:04:03 --> 00:04:07 believe I'm telling you something that's not true, then then run with it. Okay,
40 00:04:07 --> 00:04:11 but I'm honestly telling you what I'm doing and what I teach and what I trade
41 00:04:11 --> 00:04:15 with has absolutely nothing to do with gold buck and, no, it's not enigma.
42 00:04:15 --> 00:04:23 Okay, so buy side liquidity pool here we run up at 930 opening, and then we break
43 00:04:23 --> 00:04:28 lower. And then, you know the drill. For 2022, model, we run the FIB from the
44 00:04:28 --> 00:04:32 high to low. We look for it to trade to a premium. That means it's got to go
45 00:04:32 --> 00:04:38 above 50% ideally, you can see a convergence with the standard flagship
46 00:04:38 --> 00:04:42 pattern of my channel, which was for a long time, the optimal trade entry,
47 00:04:42 --> 00:04:46 which is simply just the three quarter pull back in a impulsive price leg like
48 00:04:46 --> 00:04:51 this, and then running up higher up into this small little inefficiency right
49 00:04:51 --> 00:04:54 there. So we're going to look at a lot of these things in a moment in greater
50 00:04:54 --> 00:04:58 detail, but for now, let's start fleshing out this lower time frame in
51 00:04:58 --> 00:05:03 relationship to that daily chart. As well. So here's the buy side liquidity
52 00:05:03 --> 00:05:07 pool, and here is the buy side and balance sell side, inefficiency, busy,
53 00:05:07 --> 00:05:12 which is a bullish fair value gap. So we always want to grade that price swing,
54 00:05:13 --> 00:05:17 but keep your eye on this candlesticks low right here. I had that noted with
55 00:05:17 --> 00:05:21 that short little trend line. That is this line right here, so that way we
56 00:05:21 --> 00:05:25 don't lose track of where we're at. And then this line right here on the daily
57 00:05:25 --> 00:05:31 chart is this level down here. So there are three blue lines on the one minute
58 00:05:31 --> 00:05:35 chart, but it's only two on the daily. So the upper one here is simply the buy,
59 00:05:35 --> 00:05:43 sell liquidity pool at 24,005 28 and a half. These lower two are in reference
60 00:05:43 --> 00:05:50 to this biombalance cell sign, efficiency. All right, so we grade it.
61 00:05:50 --> 00:05:55 So the lower quadrant, consequent encroachment midpoint, upper quadrant,
62 00:05:56 --> 00:06:01 and then levels itself that being, here's the high of the daily busy upper
63 00:06:01 --> 00:06:09 quadrant. Now it's quite encroachment midpoint, lower quadrant and the low and
64 00:06:09 --> 00:06:13 then the south side, liquidity pool here, and then the first presented fair
65 00:06:13 --> 00:06:22 value gap after 9:30am Eastern Time. So that's small little inefficiency. We'll
66 00:06:22 --> 00:06:27 zoom in in a moment. You can see why I have it outlined as I have it here. And
67 00:06:27 --> 00:06:33 then we have a smaller, minor side liquidity pool there. So running up,
68 00:06:33 --> 00:06:40 taking buy side, and then dropping down south side liquidity pool here, taken.
69 00:06:40 --> 00:06:45 And then notice what they did. They took it to this low and left that there, and
70 00:06:45 --> 00:06:51 then it rallied back up. This is classic model, 2022, when it leaves larger
71 00:06:51 --> 00:06:56 intermediate term, relative equal lows. This is a smaller, minor, relative equal
72 00:06:56 --> 00:07:01 low in relationship to that low and that low. So in other words, it goes down
73 00:07:01 --> 00:07:06 then rallies back up, this sell side liquidity pool here, with this low here
74 00:07:06 --> 00:07:13 is unfinished business. Okay, I'll have chapters in the three books coming that
75 00:07:13 --> 00:07:17 I'll touch on each volume. I'll have more to say about unfinished business.
76 00:07:18 --> 00:07:23 But the idea is, the market rallies up, leaving the sell side or sell stops here
77 00:07:24 --> 00:07:29 intact, rallying up, which is a false hope, rally for bulls, and goes up into
78 00:07:29 --> 00:07:34 first presented fair value gap, and then sells off and careens down through the
79 00:07:34 --> 00:07:39 sell sell liquidity pool and goes right to consequent encroachment of the daily
80 00:07:39 --> 00:07:42 lives on imbalance, sell side efficiency. So look at that price right
81 00:07:42 --> 00:07:51 here in the green, 24,447 and a half. That's what this is here. 24,447 and a
82 00:07:51 --> 00:07:55 half. It hits it right there, then comes right back up to the upper quadrant at
83 00:07:55 --> 00:08:01 24,004 73 and a quarter, and then hits it dead on, right there and sells off
84 00:08:01 --> 00:08:07 once more, goes lower to the lower quadrant. These quadrants in my
85 00:08:07 --> 00:08:12 inefficiencies that I place emphasis on, from the higher time frames down lower
86 00:08:12 --> 00:08:17 time frames. I grade all of them and they're more sensitive. They're more
87 00:08:17 --> 00:08:25 accurate than things like common floor pivots simple Support and Resistance
88 00:08:25 --> 00:08:31 ideas, which is absolutely, you know, left to the device of the user. It's so
89 00:08:31 --> 00:08:35 subjective, it's absolutely ridiculous to consider that while the idea of
90 00:08:35 --> 00:08:41 support and resistance is beneficial for someone that's brand new, because you
91 00:08:41 --> 00:08:45 want to see how prices bounce at specific levels and reject at specific
92 00:08:45 --> 00:08:51 levels above it. But it's not as easy as simply saying, well, it's this high and
93 00:08:51 --> 00:08:55 that low, because soon as you try to use it and try to think like that, and the
94 00:08:55 --> 00:08:58 market is going to go railing through it. So that's why I've created these
95 00:08:58 --> 00:09:02 concepts where it's very, very specific, because it gets in sync with the
96 00:09:02 --> 00:09:07 algorithm that doesn't exist, right? So we're going to move the chart over a
97 00:09:07 --> 00:09:11 little bit in time, and you can clearly see now here See that little volume
98 00:09:11 --> 00:09:17 imbalance right there. Separation between this candle sticks open and that
99 00:09:17 --> 00:09:25 candle sticks close. So and then we have a smaller volume imbalance there as
100 00:09:25 --> 00:09:29 well. And that's why I'm not using this little segment right here, which you
101 00:09:29 --> 00:09:33 probably saw in your chart, thinking that that might be it. But you always
102 00:09:33 --> 00:09:36 have to include the volume and balance, because the algorithm is gonna refer to
103 00:09:36 --> 00:09:45 that as well. So the market drops down, sweeps into the consequence of the daily
104 00:09:46 --> 00:09:51 busy here, and then rallies back up, hits it dead, bang on the upper
105 00:09:51 --> 00:09:56 quadrant. That's this line right here. So we're looking at was looking at it
106 00:09:56 --> 00:10:00 going down to this level here, and all the move from that point down. Here. So
107 00:10:00 --> 00:10:05 in other words, from this green line down this low, this hasn't happened yet,
108 00:10:05 --> 00:10:09 right here. So we hit the upper quadrant, we break down the consequent
109 00:10:09 --> 00:10:13 encroachment. Break lower, come back to consequent encroachment as resistance.
110 00:10:14 --> 00:10:19 This is a premium sensitivity, drops lower, lower quadrant,
111 00:10:21 --> 00:10:25 lower and then comes back up. Now failure at consequent encouragement
112 00:10:26 --> 00:10:32 breaks lower. Premium sensitivity, premium sensitivity at 24,004 21 and a
113 00:10:32 --> 00:10:39 half, and then finally we get up to or down to, rather, this candle sticks high
114 00:10:40 --> 00:10:46 here, so that's this level. That blue line is this blue line here, indicating
115 00:10:46 --> 00:10:50 that that higher there. So last Friday's high,
116 00:10:55 --> 00:10:59 from this high down to that low, running a fib on it. What I'm highlighting here
117 00:10:59 --> 00:11:06 is the 79% and 62% retracement level. So this is optimal trade entry here, and it
118 00:11:06 --> 00:11:10 overlaps. Look at a body stop inside of the first presented fair value gap. But
119 00:11:10 --> 00:11:16 it's also halfway point 70.5 that little sweet spot I taught when the optimal
120 00:11:16 --> 00:11:21 trade entry hits that and breaks lower, comes right back up into a small little
121 00:11:21 --> 00:11:26 gap right in here. We'll look at that in the that in a minute, trades right up
122 00:11:26 --> 00:11:32 into it there, slams into it and it also keep cutting through. Look at that. See
123 00:11:32 --> 00:11:41 that. That's beautiful. This is venom. So we have a convergence of fair value
124 00:11:41 --> 00:11:47 gap and Venom, because we have this pass through on the upside, this pass through
125 00:11:47 --> 00:11:52 on the downside, so it can appear just like that. And it isolates all this
126 00:11:52 --> 00:11:57 price action right here, so it hits it and then moves lower. Nice little cell
127 00:11:57 --> 00:12:00 sign, imbalance, buy side and efficiency here comes right back up, hits the
128 00:12:00 --> 00:12:05 consequent encroachment, sells off, and then hits the low of that inefficiency
129 00:12:05 --> 00:12:11 that, in and of itself, is enough for the morning session. You can hold for
130 00:12:11 --> 00:12:16 lower but it's FOMC day, so you want to be very surgical about what you're
131 00:12:16 --> 00:12:25 looking for. Get in, get out. So you can see the premium sensitivity as indicated
132 00:12:25 --> 00:12:31 here, and it went much more lower than that of the sell side liquidity pools
133 00:12:31 --> 00:12:35 that we highlighted on just a one minute chart. So it's important by having the
134 00:12:35 --> 00:12:41 levels that's indicated, as I taught last night in lecture, trading with all
135 00:12:41 --> 00:12:45 time highs, or around all time highs, it's really important that you take your
136 00:12:45 --> 00:12:50 inefficiencies and you grade them and transpose those levels onto your lower
137 00:12:50 --> 00:12:53 time frames. And you know, you'll start to see setups that were just always
138 00:12:53 --> 00:12:59 there, but you never noticed them before. So now I highlighted this level
139 00:12:59 --> 00:13:02 here purple. You can see it's now discount sensitivity, and that's what
140 00:13:02 --> 00:13:06 this is here. So this purple line is this purple line here, so that way we
141 00:13:06 --> 00:13:12 can track it. And now I'm zoomed in on the daily chart over here, so we can see
142 00:13:12 --> 00:13:19 a little bit more detail. And right down here, this is a volume imbalance. And if
143 00:13:20 --> 00:13:25 you watched the trade example I did today, because I was watching it, and I
144 00:13:25 --> 00:13:31 was keyed up about the FOMC announcement activity and the volatility that was
145 00:13:31 --> 00:13:37 created. I mis called this as if as a fair value gap, and it's a volume
146 00:13:37 --> 00:13:40 imbalance, is what I was referring to. This is a fair value gap, but then this
147 00:13:40 --> 00:13:46 down here is a volume of balance. So it was quicker and easier for me to say fvg
148 00:13:46 --> 00:13:52 in the in the typing while the trade was open, but to correct myself that way,
149 00:13:52 --> 00:13:57 you're, I know some of you are probably thinking, that's not, it's a development
150 00:13:57 --> 00:14:01 balance. If that's what you thought, you're correct. But I'm, I'm out there
151 00:14:01 --> 00:14:06 going, you know, live, and it's can't, you just can't do everything perfect.
152 00:14:06 --> 00:14:09 When you're trading, you concentrate on throwing FOMC, and you're trying to
153 00:14:09 --> 00:14:13 teach and trying to type. It's a whole lot of stuff going on. It's not as easy
154 00:14:13 --> 00:14:21 as it looks, all right. So, and then we have this premium wick I graded that. So
155 00:14:21 --> 00:14:26 when you see these levels over here, this that level right there. 24,384.75
156 00:14:30 --> 00:14:35 that's this level right here. So it's the upper quadrant of this premium wick.
157 00:14:36 --> 00:14:41 Premium wick is any wick above a candle, and this is a discount wick, any wick
158 00:14:41 --> 00:14:48 that's below the candlestick body, okay, so put that in your notes, and now I am
159 00:14:48 --> 00:14:55 grading the fair value gap here, but including the volume imbalance to that
160 00:14:55 --> 00:15:02 low. Okay, and you can't see those levels here, because it's below. Now
161 00:15:02 --> 00:15:08 scrubbing over more into the day. Now the pm session, we can see the
162 00:15:08 --> 00:15:14 sensitivity around that 24,384.75 level, which is this one here. So at this
163 00:15:14 --> 00:15:19 moment, price has done at 1245, it's trading right in here,
164 00:15:21 --> 00:15:28 just I'm sorry right here, it's right here, and it's just falling
165 00:15:29 --> 00:15:33 just above the constant encouragement level right there. And again, this
166 00:15:33 --> 00:15:38 portion of the day had not been delivered yet. So we're right about here
167 00:15:38 --> 00:15:45 at 1245 then we come back up. We find discount sensitivity here at the upper
168 00:15:45 --> 00:15:52 quadrant there. Now it's going to trade back up to this level here, that blue
169 00:15:52 --> 00:15:56 line, that's this blue line right here, and it's easy to track it by saying,
170 00:15:56 --> 00:16:05 24,400 24,003 9024, 400 and then 390s between these two prices. So that's what
171 00:16:05 --> 00:16:09 this blue line is here. So it's how you want to be navigating. And when you're
172 00:16:09 --> 00:16:14 when you're journaling, I'm actually doing the charting all the annotations
173 00:16:14 --> 00:16:19 for you. That that's the benefit of this, this little soiree together, you
174 00:16:19 --> 00:16:25 know, going into the holidays, you're encouraged to print the PDF out or type
175 00:16:25 --> 00:16:29 over them with your additional annotations, things that are pertinent
176 00:16:29 --> 00:16:33 to you, so I leave lots of empty space. That's why I've been doing it this way,
177 00:16:33 --> 00:16:38 because it gives you room to type in here or write by hand. All this area
178 00:16:38 --> 00:16:42 over here, you can write in there and draw special attention to things that I
179 00:16:42 --> 00:16:45 may not have drawn that much attention to, but you have seen it, and it means
180 00:16:45 --> 00:16:51 something to you. All right? And then the two o'clock hour, I've delineated
181 00:16:51 --> 00:16:56 that, and I've extended the first potential fair value gap here into the
182 00:16:56 --> 00:17:06 afternoon. It's something I teach. And two o'clock is now here. Price trades up
183 00:17:06 --> 00:17:13 into the first percent of fair value gap post 2pm so the market breaks lower. We
184 00:17:13 --> 00:17:17 have a fair value gap that's formed here. We trade down into the upper
185 00:17:17 --> 00:17:22 quadrant of the fair value gap here between this candle sticks close and
186 00:17:23 --> 00:17:32 this candle sticks low that quadrant, upper quadrant level at 24,002 97 three
187 00:17:32 --> 00:17:37 quarters. That's this level right here. It trades down to it there, and then
188 00:17:37 --> 00:17:41 rallies all the way back up to this little gap right there. So again, all
189 00:17:41 --> 00:17:49 this is is high to low. Three quarter pull back optimal trade entry, fair
190 00:17:49 --> 00:17:54 value gap, model 2022, unfinished business, and then unfinished business
191 00:17:54 --> 00:18:02 down here in the volume imbalance. So the market trade up here. You watch me.
192 00:18:03 --> 00:18:08 You get stopped out on that run in here, and then it breaks lower and finally
193 00:18:08 --> 00:18:12 gets into the volume imbalance. You can find that little snippet, that little
194 00:18:12 --> 00:18:18 vignette, of the trade on my ex account, on what used to be called Twitter. It's
195 00:18:18 --> 00:18:22 sped up. It's a small little piece of it. But you actually see me not get my
196 00:18:22 --> 00:18:25 objective, and I end up getting stopped out. I share the stop loss. But you
197 00:18:25 --> 00:18:30 know, in all this price action here, I thought that we had enough to protect
198 00:18:30 --> 00:18:34 the short but it came back up, snagged and went down and got it here, and
199 00:18:34 --> 00:18:40 rallies up sensitivity here on that same level there, so once it dropped down,
200 00:18:40 --> 00:18:45 into volume and bounce on a daily chart. Here, there, then it's going to do the
201 00:18:45 --> 00:18:50 second stage of delivery of FOMC. And I'll show you in a second what that
202 00:18:50 --> 00:18:56 means. But here's 230 usually there's a another wave of price action that begins
203 00:18:57 --> 00:19:03 at 230 and whatever the high or the low is usually it'll run for it, but it
204 00:19:03 --> 00:19:07 first dropped down, sticking true to form. And the things I talked about last
205 00:19:07 --> 00:19:13 night, it went down to a severe, deep, deep, deep discount, and then that
206 00:19:13 --> 00:19:18 volume imbalance, and then rallied all the way back up, straight shot, no pull
207 00:19:18 --> 00:19:28 backs, high, high relative equal comes back down, lower quadrant that's here,
208 00:19:28 --> 00:19:32 of this fair value gap. And you're going to want to watch this video a few times,
209 00:19:32 --> 00:19:37 and also look at the charts in your own platform and compare and contrast, and
210 00:19:37 --> 00:19:42 you'll see what it's doing here. But if you don't have your your journal with
211 00:19:42 --> 00:19:45 multiple time frames like this, at minimum, you know what the daily charts
212 00:19:45 --> 00:19:50 doing and your trading time frame, you're not going to see what it is
213 00:19:50 --> 00:19:56 you're trying to learn. You're You're obscuring your ability to follow along
214 00:19:56 --> 00:20:01 with price action, but it then rallies up. You. Is consequent encroachment
215 00:20:02 --> 00:20:05 upper quadrant, and then sends it through first percent of fair value gap
216 00:20:06 --> 00:20:11 and the relative equal highs here, so that initial intraday, daily high here,
217 00:20:12 --> 00:20:16 earlier in the day, they take that out, and then we start to consolidate in
218 00:20:16 --> 00:20:22 between the quadrant levels and first presented fair value gap. This is the
219 00:20:22 --> 00:20:28 first stage delivery, where it sells off at 2pm beginning of FOMC, and then
220 00:20:28 --> 00:20:32 during the conference portion. And Paul tends to be a little bit like me. He
221 00:20:32 --> 00:20:37 likes to talk more than most people want to listen to. So it kind of like delays
222 00:20:37 --> 00:20:41 it a little bit. And then here we have it there, and then all the way back up
223 00:20:42 --> 00:20:46 there, picking out the buy side, and then consolidation. Then, basically is
224 00:20:46 --> 00:20:52 untradable. And this is the second stage here, from the low up to the buy side,
225 00:20:52 --> 00:20:59 running the high out of the day. But look at this run here, that right there.
226 00:20:59 --> 00:21:02 You wouldn't expect something like that. Had you not listened to the lecture I
227 00:21:02 --> 00:21:11 gave you last night? And for all you FX Forex freaks out there, this is the
228 00:21:11 --> 00:21:16 daily on Dollar Index. And dollar admittedly has been basically trash.
229 00:21:16 --> 00:21:25 Okay? It's unfortunate. You know? It's it's waiting for its digital version to
230 00:21:25 --> 00:21:30 be forced upon us. So what I've done here is I've watched the load get taken
231 00:21:30 --> 00:21:37 out there, and then we're retracing back up into this sell side of balance, by
232 00:21:37 --> 00:21:45 side efficiency, volume imbalance and to that candlesticks body, there's a small
233 00:21:45 --> 00:21:48 little separation between here too. So that's what I'm showing here. And the
234 00:21:48 --> 00:21:51 market trades right back up to consequent encouragement of that
235 00:21:51 --> 00:21:57 inefficiency, until we get above this and we ignore the lower half of it and
236 00:21:57 --> 00:22:03 start building PD arrays that are bullish. I'm bearish on dollar, until we
237 00:22:03 --> 00:22:08 do this very thing here, where we use this as constructive discount arrays,
238 00:22:08 --> 00:22:14 and then building new bullish discount arrays and shows price respecting and
239 00:22:14 --> 00:22:19 going higher. It starts tearing into these highs without rejection. I'm
240 00:22:19 --> 00:22:24 staying bearish on dollar. It can stay in a consolidation still, like it's been
241 00:22:24 --> 00:22:29 for months, but I'm not bullish on dollar. Let's just say it that way. But
242 00:22:29 --> 00:22:35 they took us all the way down, like this, severely at two o'clock, and then
243 00:22:35 --> 00:22:39 basically nothing that was worthwhile taking a trade on. I mean, I don't trade
244 00:22:39 --> 00:22:43 the dollar index. It's used as a barometer. It helps me determine the
245 00:22:43 --> 00:22:50 opposite direction for Euro and cable and any other dollar pair cross. And
246 00:22:50 --> 00:22:57 here's a euro. And go out to a weekly chart. And I want to say I talked about
247 00:22:57 --> 00:23:01 these levels here when I was talking about euro, but I can't remember,
248 00:23:01 --> 00:23:05 admittedly, if I was talking to my private students, or if it was something
249 00:23:05 --> 00:23:11 I said in a video or something I'd done on X but I know I talked about these two
250 00:23:11 --> 00:23:18 relative equal highs here, and I simply just don't remember where I said it. So
251 00:23:18 --> 00:23:22 I just wanted to put that out there. But it doesn't matter. This is where it went
252 00:23:22 --> 00:23:30 to. It reached up into that level there at one point, 19, 087, that's this level
253 00:23:30 --> 00:23:35 here, and it was basically a really, really tight consolidation and straight
254 00:23:35 --> 00:23:41 shot rate at two o'clock, They rammed it up there first stage and then rejection,
255 00:23:41 --> 00:23:44 after taking the relative equal highs here on the weekly chart, dropped it
256 00:23:44 --> 00:23:50 out, fell out. And then this little area right here is the only thing that I
257 00:23:50 --> 00:23:56 would have considered tradable on Euro. And all that would have been was using
258 00:23:56 --> 00:24:00 the fair value gap here just to take out that low. As soon as it would have went
259 00:24:00 --> 00:24:03 below that low, I would have been out. I would not have been holding onto it
260 00:24:03 --> 00:24:07 lower. And that's only thing I would have done with the euro dollar. Now this
261 00:24:07 --> 00:24:17 is a five minute chart, so you take that for what it's worth. Admittedly, euro
262 00:24:17 --> 00:24:23 and fiber, or I'm sorry, euro and fiber, the same thing. I'm thinking cable. I
263 00:24:24 --> 00:24:30 haven't talked about forex in a while. Little rusty, GBP, USD, or cable and
264 00:24:30 --> 00:24:36 fiber, which is euro, USD, those two currencies have been a little, little
265 00:24:36 --> 00:24:39 sloppy. I mean, if you're in a really, really smaller time frames, less than
266 00:24:39 --> 00:24:44 one minute. I mean, yeah, there's scalps there you can take. But it's just been a
267 00:24:44 --> 00:24:51 really, not very favorable, which is why I haven't talked much about it. But I
268 00:24:51 --> 00:24:59 will ring in Euro, dollar. I will talk about cable and maybe other crosses,
269 00:24:59 --> 00:25:02 maybe some exotic. Looks like the beast or something like that. Your yen? I
270 00:25:02 --> 00:25:06 don't like the yen crosses, but I know a lot of you guys are interested in
271 00:25:06 --> 00:25:09 looking at and having my opinion about them, so I'll share it when it's
272 00:25:09 --> 00:25:15 pertinent. But for right now, that's going to do it for tonight. Thank you
273 00:25:22 --> 00:25:25 for your continued interest. I hope you found this insightful tonight, and so
274 00:25:25 --> 00:25:29 I'll talk to you next time. Wish you good luck and good trading.