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Last modified by Drunk Monkey on 2025-09-27 14:16
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2 |1 |00:00:07 ~-~-> 00:00:13 |ICT: Back folks, where we looking at the focus on index futures. I'm not going to
3 |2 |00:00:13 ~-~-> 00:00:19 |do the forex and Dollar Index. It's pretty much crummy technical day Dollar
4 |3 |00:00:19 ~-~-> 00:00:26 |Index pulled back into that inner middle of the version. Provide you cap, as I
5 |4 |00:00:26 ~-~-> 00:00:30 |was indicating last night, and just hanging around there. So we'll see if it
6 |5 |00:00:30 ~-~-> 00:00:36 |gives up, the goes there, or it finds some discount sensitivity there. So
7 |6 |00:00:36 ~-~-> 00:00:42 |we're playing it by ear, at least that's what I'm doing. September 23 2025 for
8 |7 |00:00:42 ~-~-> 00:00:46 |focus on the next futures. And this is December contract, Christmas, NQ
9 |8 |00:00:47 ~-~-> 00:00:48 |nasdaqi, mini futures.
10 |9 |00:00:53 ~-~-> 00:00:59 |If you recall last night, I mentioned that we were near a intermediate term
11 |10 |00:00:59 ~-~-> 00:01:04 |high here, I want to kind of teach that tonight, as to, you know what led me to
12 |11 |00:01:04 ~-~-> 00:01:09 |believe that it was going to do this today? So we had this nice volume
13 |12 |00:01:09 ~-~-> 00:01:13 |imbalance I mentioned when we were trading back here and trading down to
14 |13 |00:01:13 ~-~-> 00:01:17 |that made the low rejected off of that. And then it started going parabolic,
15 |14 |00:01:17 ~-~-> 00:01:24 |going straight up, covering a lot of ground. And one of the, I guess the
16 |15 |00:01:24 ~-~-> 00:01:31 |easiest way to describe it is when it's breaking out to all new, all time highs,
17 |16 |00:01:31 ~-~-> 00:01:37 |and it's doing it in a lot of strength, leaving inefficiencies open, not coming
18 |17 |00:01:37 ~-~-> 00:01:45 |back down into the volume and balance here, it just keeps powering higher. And
19 |18 |00:01:45 ~-~-> 00:01:49 |if it feels like if you were a brand new trader, you would just chase that going
20 |19 |00:01:49 ~-~-> 00:01:55 |long any anywhere during the day. That's usually indicative of when a blow off
21 |20 |00:01:55 ~-~-> 00:02:01 |type move or a intermediate term high is likely to form, because the public
22 |21 |00:02:01 ~-~-> 00:02:05 |seeing this, okay, when Street Money sees these types of tearing higher in
23 |22 |00:02:05 ~-~-> 00:02:09 |price, they just want to accumulate whatever long position they can and just
24 |23 |00:02:09 ~-~-> 00:02:14 |hold on to it and think they can make a lot of money off of it. So we're gonna
25 |24 |00:02:14 ~-~-> 00:02:17 |take a look at the one minute chart, because that's what the intermediate
26 |25 |00:02:17 ~-~-> 00:02:21 |term high is going to form. We're using the daily chart for bias and direction
27 |26 |00:02:21 ~-~-> 00:02:27 |and key sensitive levels, but the structure is inside of the intraday
28 |27 |00:02:27 ~-~-> 00:02:30 |chart, and since I'm taking you into the one minute chart on and Q all the time,
29 |28 |00:02:31 ~-~-> 00:02:37 |we're going to be looking at this overall market structure here, once you
30 |29 |00:02:38 ~-~-> 00:02:43 |take advantage of Having these levels on your chart, not just on my visual
31 |30 |00:02:43 ~-~-> 00:02:49 |representations here. So put your quadrant levels on this premium wick,
32 |31 |00:02:50 ~-~-> 00:03:00 |and note the levels in here and now just showing the upper quadrant and the
33 |32 |00:03:00 ~-~-> 00:03:05 |consequent encroachment of this premium wick. So I did not highlight the high.
34 |33 |00:03:05 ~-~-> 00:03:10 |Did not highlight the lower quadrant or the low of that premium wick. You can
35 |34 |00:03:10 ~-~-> 00:03:15 |see that being showcased down here. So we have cell solid liquidity, relative
36 |35 |00:03:15 ~-~-> 00:03:19 |equal lows. And as I mentioned, that's my intermediate term high. So if it's
37 |36 |00:03:19 ~-~-> 00:03:23 |going to be an intermediate term high, what could it likely draw down into on
38 |37 |00:03:23 ~-~-> 00:03:28 |that premium wick here? Okay, now classic support resistance would say,
39 |38 |00:03:29 ~-~-> 00:03:33 |just take that old high, draw that out in time. And when it trades down there,
40 |39 |00:03:33 ~-~-> 00:03:39 |it should bounce. It didn't do that. Did it? So we want to look inside these
41 |40 |00:03:39 ~-~-> 00:03:43 |inefficiencies, because they're just like gaps, and by having the upper
42 |41 |00:03:43 ~-~-> 00:03:47 |quadrant and consequent encroachment, which defines whether or not this is
43 |42 |00:03:47 ~-~-> 00:03:53 |going to be a attenuation of a deeper retracement, or if it's just coming back
44 |43 |00:03:53 ~-~-> 00:03:58 |down in here to consolidate and send it even higher. So we're going to take a
45 |44 |00:03:58 ~-~-> 00:04:05 |look at a question that you might have. So where is the intermediate term high
46 |45 |00:04:05 ~-~-> 00:04:11 |once you take a look at the chart, pause the video I've done in this past, and a
47 |46 |00:04:11 ~-~-> 00:04:14 |lot of times, many of you just go real quickly through it. You don't take
48 |47 |00:04:14 ~-~-> 00:04:18 |advantage of the opportunity to try to study it. So pause the video and take a
49 |48 |00:04:18 ~-~-> 00:04:21 |look at what you might think the intermediate term high is on this time
50 |49 |00:04:21 ~-~-> 00:04:23 |frame the one minute chart.
51 |50 |00:04:28 ~-~-> 00:04:33 |Right for those that didn't want to pause, you missed the opportunity,
52 |51 |00:04:34 ~-~-> 00:04:38 |there's your intermediate term high. Okay, so I'm going to zoom in a little
53 |52 |00:04:38 ~-~-> 00:04:45 |bit and scroll over to the right side of the chart, and that same high is here.
54 |53 |00:04:45 ~-~-> 00:04:51 |So we have a high, a lower high and a lower high, and as a smaller little
55 |54 |00:04:51 ~-~-> 00:04:58 |high, here and here and here and here. So using what I learned from Larry
56 |55 |00:04:58 ~-~-> 00:05:03 |Williams and. This is his market structure application. It's very
57 |56 |00:05:03 ~-~-> 00:05:12 |simplistic. It's very easy, it's visual. I would admit that there is some measure
58 |57 |00:05:12 ~-~-> 00:05:17 |of subjectivity to it, but over time and experience, you'll you'll see how they
59 |58 |00:05:17 ~-~-> 00:05:23 |use the right swing highs and swing lows. And I'll kind of like Mark this
60 |59 |00:05:23 ~-~-> 00:05:27 |out with you, to kind of draw the narrative on what I see here, what I saw
61 |60 |00:05:27 ~-~-> 00:05:37 |today. So we had high, low, high, lower, low, and that high there. So these are
62 |61 |00:05:38 ~-~-> 00:05:42 |short term highs, intermittent high, intermediate term high is any high that
63 |62 |00:05:42 ~-~-> 00:05:48 |has two lower short term highs to the right, left of it. We also have it in
64 |63 |00:05:48 ~-~-> 00:05:53 |those smaller scale here, because it's fractal. But now when this price leg
65 |64 |00:05:53 ~-~-> 00:05:57 |starts to break lower and takes out these relative equal lows when I'm
66 |65 |00:05:57 ~-~-> 00:06:01 |looking for enemy term high, as I indicated I was last night, this is a
67 |66 |00:06:01 ~-~-> 00:06:06 |shift in market structure. So the market goes up into this consolidation right
68 |67 |00:06:06 ~-~-> 00:06:12 |before the 930 opening. So it creates this, like real smooth edge. And it's
69 |68 |00:06:12 ~-~-> 00:06:17 |tricky, because you might expect it to run up there and wipe out the buy side
70 |69 |00:06:17 ~-~-> 00:06:22 |and then break lower. You have to wait. You have to wait for it to just tear off
71 |70 |00:06:22 ~-~-> 00:06:27 |and go lower. So we're going to look at all this price action in here. Zoom in.
72 |71 |00:06:29 ~-~-> 00:06:33 |Here's that enemy term high, and here's those relative equal highs. And look how
73 |72 |00:06:33 ~-~-> 00:06:38 |the market was just stabbing up air, very volatile, just punching up air,
74 |73 |00:06:38 ~-~-> 00:06:42 |punching up air, punching up air, and then ripping lower, tearing off into
75 |74 |00:06:42 ~-~-> 00:06:46 |that sell side liquidity pool there, and then creating the first presenter fair
76 |75 |00:06:46 ~-~-> 00:06:50 |value cut, which we'll look at in a moment. We're going to scroll forward in
77 |76 |00:06:50 ~-~-> 00:06:56 |time. So here's those relative equal highs, and the market breaks lower,
78 |77 |00:06:59 ~-~-> 00:07:06 |creates a little bit of an imbalance in here. Now you might look at this small
79 |78 |00:07:06 ~-~-> 00:07:11 |little gap right there and call that your first presenter fair value gap. And
80 |79 |00:07:11 ~-~-> 00:07:18 |if you did, there's nothing wrong with that. Okay, but I like to use the more
81 |80 |00:07:18 ~-~-> 00:07:26 |pronounced, the obvious displacement one here. Okay, so while I'm showing you
82 |81 |00:07:26 ~-~-> 00:07:30 |this, don't be discouraged if you see this small little section, because I
83 |82 |00:07:31 ~-~-> 00:07:37 |told you it can be one tick, but I'm going to be more likely to pick a
84 |83 |00:07:38 ~-~-> 00:07:43 |inefficiency that's much more protracted. In other words, it's it's
85 |84 |00:07:43 ~-~-> 00:07:48 |done more of a displacement in my direction being lower, I want to see it
86 |85 |00:07:48 ~-~-> 00:07:52 |be, you know, very strong, like it's shown here. So this is how I've
87 |86 |00:07:52 ~-~-> 00:07:57 |classified my first sense of fair value cap. Today, the market breaks lower
88 |87 |00:07:57 ~-~-> 00:08:01 |after touching into it. Here, bodies respecting it creates relative equal
89 |88 |00:08:01 ~-~-> 00:08:05 |highs when it trades down here, consolidates, digs right back up into
90 |89 |00:08:05 ~-~-> 00:08:10 |that first participatory backup, and the buy sides taken here breaks one more
91 |90 |00:08:10 ~-~-> 00:08:14 |time, leaves these relative equal highs, comes right back up into first Pacific,
92 |91 |00:08:14 ~-~-> 00:08:20 |right back up and breaks lower, and then breaks below this low as well. And we're
93 |92 |00:08:20 ~-~-> 00:08:24 |going to see going to see going forward now we're going to jump a little bit
94 |93 |00:08:24 ~-~-> 00:08:29 |more in the future of the day in the chart now, after the sell side is
95 |94 |00:08:29 ~-~-> 00:08:35 |annotated. So now we can have our reference point here. So those two suit
96 |95 |00:08:35 ~-~-> 00:08:39 |lungs rather as well, just showcasing and the market breaks slower comes back
97 |96 |00:08:39 ~-~-> 00:08:46 |up into another reclaimed fair value gap there, and the market creates relative
98 |97 |00:08:46 ~-~-> 00:08:50 |equal lows again, trades right back up into the reclaimed fair value gap breaks
99 |98 |00:08:51 ~-~-> 00:08:55 |low, relative equal lows in the old sell side of the coding pool and trades up
100 |99 |00:08:55 ~-~-> 00:09:01 |into a bearish fair value gap breaks Lower. Consecutive of closed candles is
101 |100 |00:09:01 ~-~-> 00:09:06 |your bearish order block and change the state of delivery at that candles open,
102 |101 |00:09:06 ~-~-> 00:09:14 |it accumulates more shorts by Smart Money breaks lower again, bearish order
103 |102 |00:09:14 ~-~-> 00:09:19 |block change in state delivery. Smart Money would accumulate new shorts in
104 |103 |00:09:19 ~-~-> 00:09:24 |there, adding same thing on this up close candle, bearish order, block,
105 |104 |00:09:24 ~-~-> 00:09:28 |change in state, delivery trades up into it. There. Smart Money would be
106 |105 |00:09:28 ~-~-> 00:09:32 |accumulating more shorts, bigger meeting, adding, breaking, lower. Then
107 |106 |00:09:32 ~-~-> 00:09:36 |we have a fair value gap here. It's bearish trade up into it. Notice all
108 |107 |00:09:36 ~-~-> 00:09:43 |this to wicks, just very, very heavy as it's reaching for the upper quadrant of
109 |108 |00:09:43 ~-~-> 00:09:49 |this premium link. The check marker is indicated. It touches down on the daily
110 |109 |00:09:49 ~-~-> 00:09:55 |objective of that upper quadrant. You see that happening here as well. After
111 |110 |00:09:55 ~-~-> 00:09:58 |that, we have a little bit of a bounce up, and there's inefficiency that did
112 |111 |00:09:58 ~-~-> 00:10:04 |not note and. And showing more data, we just hammered it one more time. Let me
113 |112 |00:10:04 ~-~-> 00:10:08 |look at this. This is what you expect to see when you read books about classic
114 |113 |00:10:08 ~-~-> 00:10:14 |support and resistance. This is not classic support and resistance. Okay, so
115 |114 |00:10:14 ~-~-> 00:10:18 |these are my concepts that I've gifted to the community, and you're you're
116 |115 |00:10:18 ~-~-> 00:10:22 |learning more about them and how to utilize them in this portion of my
117 |116 |00:10:22 ~-~-> 00:10:26 |lectures, but the when they're used in concert with what everything else
118 |117 |00:10:26 ~-~-> 00:10:32 |taught, it really gives you an x ray view of what price is likely to rebound
119 |118 |00:10:32 ~-~-> 00:10:38 |off of or draw to. And you can see this, the beautiful respect over here with the
120 |119 |00:10:38 ~-~-> 00:10:42 |bodies. The bodies here, yes, he had errant wicket in here, but the bodies
121 |120 |00:10:42 ~-~-> 00:10:48 |are accumulating around that same quadrant level. And if I'm just pulling
122 |121 |00:10:48 ~-~-> 00:10:53 |back off the lows of the day, hopefully you'll get some more movement in $1
123 |122 |00:10:54 ~-~-> 00:11:00 |index and the forex pairs tomorrow or on Thursday, and I'll resume talking about
124 |123 |00:11:00 ~-~-> 00:11:04 |them, but until it breaks out of where it's at. Now, it's not that I'm worth
125 |124 |00:11:04 ~-~-> 00:11:08 |spending any time, you know, doing anything with it, so I'll keep my focus
126 |125 |00:11:08 ~-~-> 00:11:13 |on the NASDAQ for now, and I appreciate all the very kind sentiments you are all
127 |126 |00:11:13 ~-~-> 00:11:21 |sending me by x and on my comments on the video or an email, I don't have time
128 |127 |00:11:21 ~-~-> 00:11:25 |to reply to everybody, so I'm just going to blanket respond to all of you. I am
129 |128 |00:11:25 ~-~-> 00:11:30 |very thankful, and I appreciate it. I know a lot of you don't look at dogs as
130 |129 |00:11:30 ~-~-> 00:11:36 |anything else that particular, but I am a pet lover. I'm a dog dad, and I've
131 |130 |00:11:36 ~-~-> 00:11:42 |looked at her like like one of my kids, and it's very hurtful to see that she's
132 |131 |00:11:42 ~-~-> 00:11:46 |not in my home anymore. I had the two little ones here, and they're running
133 |132 |00:11:46 ~-~-> 00:11:50 |around the house, sniffing and looking for and it just feels like there's a big
134 |133 |00:11:50 ~-~-> 00:11:55 |hole punched in my heart right now, and I'm just working through it. So I
135 |134 |00:11:55 ~-~-> 00:12:00 |appreciate it. You.
136 |135 |00:12:06 ~-~-> 00:12:09 |Thank you again for your continued interest, and hopefully you found this
137 |136 |00:12:09 ~-~-> 00:12:13 |one insightful I'll talk to you next time. Wish you good luck and good
138 |137 |00:12:13 ~-~-> 00:12:14 |trading.