Wiki source code of ICT YT - 2025-09-30 - Focus On Forex and Index Futures 09-29-2025
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2 | |1 |00:00:07 ~-~-> 00:00:14 |ICT: Hello Folks. How are you happy? Monday? This is September 29 2025 and | ||
3 | |2 |00:00:14 ~-~-> 00:00:20 |this is going to be the first we focus on forex. We're gonna take a quick look | ||
4 | |3 |00:00:20 ~-~-> 00:00:23 |at the dollar index, Euro dollar and POUND DOLLAR. | ||
5 | |4 |00:00:29 ~-~-> 00:00:35 |All right, so we're looking at left hand side. That's the daily chart, and this | ||
6 | |5 |00:00:35 ~-~-> 00:00:42 |premium wick here, that's what I have highlighted, and I showed you the | ||
7 | |6 |00:00:42 ~-~-> 00:00:47 |contrast of this last week, this highest high and then this one in here. So you | ||
8 | |7 |00:00:47 ~-~-> 00:00:51 |want to look at both of those. I'm going to show this one, and you go back to the | ||
9 | |8 |00:00:51 ~-~-> 00:00:56 |other chart. And again, the interactive aspect of this is you actually do this | ||
10 | |9 |00:00:56 ~-~-> 00:01:00 |with your own charts, not just simply relying on mine, but you also want to | ||
11 | |10 |00:01:00 ~-~-> 00:01:04 |have this one here, the tallest one on the daily chart with the gradient levels | ||
12 | |11 |00:01:05 ~-~-> 00:01:09 |like this one is okay. So the market made it a rally like we were expecting | ||
13 | |12 |00:01:09 ~-~-> 00:01:13 |last week off of the inversion fair value gap that was called for before it | ||
14 | |13 |00:01:13 ~-~-> 00:01:25 |even formed. This retracement lower came on the heels of Thursday, saying in ex | ||
15 | |14 |00:01:25 ~-~-> 00:01:29 |post, I said, Be content. Don't, don't look for anything further on the upside | ||
16 | |15 |00:01:29 ~-~-> 00:01:35 |the next day, Friday, we have an Inside Day, and then we have follow through on | ||
17 | |16 |00:01:35 ~-~-> 00:01:41 |the downside. So my premium wick here. So these darker lines, the blue and the | ||
18 | |17 |00:01:41 ~-~-> 00:01:47 |red. The red is that consequent encroachment level at 97.937 you can see | ||
19 | |18 |00:01:47 ~-~-> 00:01:57 |that here, 97.937 and we opened up with Asia's session and London Open minor | ||
20 | |19 |00:01:57 ~-~-> 00:02:02 |buys have liquidity. So here's London in Asia. So relative equal highs, the | ||
21 | |20 |00:02:03 ~-~-> 00:02:08 |market rallied off of that, after using a sell side imbalance by signing | ||
22 | |21 |00:02:08 ~-~-> 00:02:12 |efficiency that took out sell side here, that's what this was. They accumulated | ||
23 | |22 |00:02:12 ~-~-> 00:02:17 |the stops below there, throwing them on an open kill zone. Then rallied shift in | ||
24 | |23 |00:02:17 ~-~-> 00:02:21 |market structure came right back down into an inversion fair value gap. So | ||
25 | |24 |00:02:21 ~-~-> 00:02:27 |this Sibi changed this characteristic to that of a bullish PD array, and you can | ||
26 | |25 |00:02:27 ~-~-> 00:02:31 |see how the bodies are pretty much respecting the consequent encroachment. | ||
27 | |26 |00:02:31 ~-~-> 00:02:36 |I mean, it's a little bit of movement below it, but ultimately, this positive | ||
28 | |27 |00:02:36 ~-~-> 00:02:41 |balance cell phone efficiency here and the inversion fair value gap held it at | ||
29 | |28 |00:02:41 ~-~-> 00:02:46 |bay, and it rallied up attacking that Asia and London, open, lifestyle | ||
30 | |29 |00:02:46 ~-~-> 00:02:56 |liquidity, up into a 845 leave it was last week. I can't recall on the last I | ||
31 | |30 |00:02:57 ~-~-> 00:03:03 |don't have my note on that day, and just go back to 845, in the morning, and | ||
32 | |31 |00:03:03 ~-~-> 00:03:07 |you'll see it to have it on a five minute chart, and you'll see that that | ||
33 | |32 |00:03:07 ~-~-> 00:03:16 |gap, but the trades up into that inefficiency breaks lower. Sibi says, | ||
34 | |33 |00:03:16 ~-~-> 00:03:20 |bear value gap, then we break again. Have a volume and balance in here, the | ||
35 | |34 |00:03:20 ~-~-> 00:03:26 |separation two bodies, candle or dyslexic today, Michael, the two candles | ||
36 | |35 |00:03:26 ~-~-> 00:03:33 |bodies, okay, and it trades right back up to the 98.012 which is that level | ||
37 | |36 |00:03:33 ~-~-> 00:03:37 |right here. That's the upper quadrant of this premium wick. Again. The reason why | ||
38 | |37 |00:03:37 ~-~-> 00:03:42 |I'm using that one because the tallest one of all these, and hits it perfectly | ||
39 | |38 |00:03:42 ~-~-> 00:03:47 |there, after completing the return into that volume and balance here. Then it | ||
40 | |39 |00:03:47 ~-~-> 00:03:53 |gave up the ghost, broke lower aggressively, and then worked this | ||
41 | |40 |00:03:54 ~-~-> 00:03:58 |discount wick. Now you do this on your own chart, okay, put the upper quadrant | ||
42 | |41 |00:03:58 ~-~-> 00:04:02 |on that level right there, and you'll see where it lays with that. And then | ||
43 | |42 |00:04:02 ~-~-> 00:04:11 |breaks lower, once more, trading down into 97.786 which is the low of the | ||
44 | |43 |00:04:11 ~-~-> 00:04:17 |premium wick of this candlestick right here, and hits it there. And then we go | ||
45 | |44 |00:04:17 ~-~-> 00:04:23 |on London close, and there it is, but the mark just basically is | ||
46 | |45 |00:04:23 ~-~-> 00:04:28 |consolidating. Now it's actually in, admittedly, it's becoming a little bit | ||
47 | |46 |00:04:28 ~-~-> 00:04:33 |more tricky while we're inside of this range. And what range am I referring to? | ||
48 | |47 |00:04:33 ~-~-> 00:04:39 |This high and this low? We're we're like, basically in no man's land. So now | ||
49 | |48 |00:04:39 ~-~-> 00:04:44 |it becomes a 5050, higher or lower. So you have to be very, very careful when | ||
50 | |49 |00:04:44 ~-~-> 00:04:47 |you're trading Forex now, because we're right back in the middle of the range, | ||
51 | |50 |00:04:47 ~-~-> 00:04:51 |and it could literally go either direction. That's not what you want to | ||
52 | |51 |00:04:51 ~-~-> 00:04:54 |hear. But I'm going to tell you when it's like that, it's hands off to sit | ||
53 | |52 |00:04:54 ~-~-> 00:05:01 |still. All right, moving on. This is your dollar or five. Or daily chart on | ||
54 | |53 |00:05:01 ~-~-> 00:05:06 |left hand side, and the five minute chart of Euro, dollar or fiber on the | ||
55 | |54 |00:05:06 ~-~-> 00:05:11 |right hand side. So you can see we had our old bison and Alcee sign efficiency, | ||
56 | |55 |00:05:11 ~-~-> 00:05:17 |and I did not have this shaded on Thursday's review correctly. I told you | ||
57 | |56 |00:05:17 ~-~-> 00:05:22 |I didn't want to do it because I wanted to keep it that green color I had today. | ||
58 | |57 |00:05:23 ~-~-> 00:05:27 |I put it in there to show you an inversion, which acted as here, but it's | ||
59 | |58 |00:05:27 ~-~-> 00:05:31 |drawing back up into it today, and that's this shaded area up here. Now | ||
60 | |59 |00:05:31 ~-~-> 00:05:36 |these white lines, all this is is me grading this candlesticks high to that | ||
61 | |60 |00:05:36 ~-~-> 00:05:41 |candlesticks low, and I'm only showing the lower quadrant and the upper | ||
62 | |61 |00:05:41 ~-~-> 00:05:45 |quadrant. I'm not showing the high or the low of it or the consequence me, | ||
63 | |62 |00:05:45 ~-~-> 00:05:50 |because this dashed line, it's used to show the midpoint of any rectangle on | ||
64 | |63 |00:05:50 ~-~-> 00:05:54 |trading view. It's accomplishing that method. So I don't need to show that. | ||
65 | |64 |00:05:54 ~-~-> 00:05:58 |And I'm only showing these levels on the five minute chart. It's not showing up | ||
66 | |65 |00:05:58 ~-~-> 00:06:02 |over here. Okay, so you can see that this darker go here is this rectangle on | ||
67 | |66 |00:06:02 ~-~-> 00:06:07 |the five minute chart for dollar. All right, so we can see we had sell side | ||
68 | |67 |00:06:07 ~-~-> 00:06:13 |liquidity in the Asian session last night, and then we rallied up a little | ||
69 | |68 |00:06:13 ~-~-> 00:06:18 |bit, created relative equal highs for London. Open kill zone. It trades down, | ||
70 | |69 |00:06:18 ~-~-> 00:06:21 |attacking the sell side here and inside of the buy side balance, cell sign in | ||
71 | |70 |00:06:21 ~-~-> 00:06:25 |efficiency, bullish, fair value gap trade down the lower quadrant. Overshoot | ||
72 | |71 |00:06:25 ~-~-> 00:06:29 |it just by a little bit. The body's staying in the upper half that's bullish | ||
73 | |72 |00:06:29 ~-~-> 00:06:34 |comes right back up into this cell sign and balance by signing efficiency breaks | ||
74 | |73 |00:06:34 ~-~-> 00:06:39 |lower, small, little gap in here. See it trading right there? You want to add | ||
75 | |74 |00:06:39 ~-~-> 00:06:44 |these on your chart. And then we break lower once more, and the body's just dip | ||
76 | |75 |00:06:44 ~-~-> 00:06:48 |below. Consequent encouragement of the plastic sign efficiency fair value gap | ||
77 | |76 |00:06:48 ~-~-> 00:06:52 |there, and we rally up. Now look at this ready hit the upper quadrant of this | ||
78 | |77 |00:06:52 ~-~-> 00:06:57 |inefficiency. So what I'm doing is I'm taking the FIB and attaching it to the | ||
79 | |78 |00:06:57 ~-~-> 00:07:04 |low of the fair value gap, which is that candle is high to that candle is low and | ||
80 | |79 |00:07:04 ~-~-> 00:07:09 |the upper quadrant, lower quadrant levels are shown respectively here, and | ||
81 | |80 |00:07:09 ~-~-> 00:07:15 |the upper quadrant hits it dead bang on, perfect Nick. Extrapolation to the | ||
82 | |81 |00:07:15 ~-~-> 00:07:18 |upside, we have a bison and balance outside efficiency after a shift in | ||
83 | |82 |00:07:18 ~-~-> 00:07:25 |market structure here, and it's a breaker, low, high, lower, low. See how | ||
84 | |83 |00:07:25 ~-~-> 00:07:29 |I'm giving you lots of room for you to add to your chart. Not everything's | ||
85 | |84 |00:07:29 ~-~-> 00:07:32 |going to be done for you now, but bullish breaker hits it right there, | ||
86 | |85 |00:07:32 ~-~-> 00:07:38 |hammers it nice, rallies up. Another inefficiency here, left open, but it | ||
87 | |86 |00:07:38 ~-~-> 00:07:42 |takes the buy side here, right there, comes back down, hits the old liquidity | ||
88 | |87 |00:07:42 ~-~-> 00:07:51 |pool there, rallies up, trades into this old by sign about cell sign efficiency. | ||
89 | |88 |00:07:51 ~-~-> 00:07:55 |That's now where we're low. So it's inversion fair value gap, and we drop | ||
90 | |89 |00:07:55 ~-~-> 00:08:00 |down. Hit order block here, pull shoulder block rallies up, falls just a | ||
91 | |90 |00:08:00 ~-~-> 00:08:10 |little bit short of the upper quadrant at 1.17550 and then it breaks lower. | ||
92 | |91 |00:08:10 ~-~-> 00:08:15 |Notice the bodies are staying in the lower half of this old daily for Vega. | ||
93 | |92 |00:08:15 ~-~-> 00:08:19 |Then it gives up the ghost, breaks lower, comes right back up into an old | ||
94 | |93 |00:08:19 ~-~-> 00:08:24 |inefficiency here. So when this rally up and broke lower and rally through it | ||
95 | |94 |00:08:24 ~-~-> 00:08:32 |again, this right here, just like when you're looking for breakers, and that's | ||
96 | |95 |00:08:32 ~-~-> 00:08:36 |this was a breaker. So we have a high, low, higher, high, when that low is | ||
97 | |96 |00:08:36 ~-~-> 00:08:40 |taken out, it becomes a bearish breaker. And you see it traded to here, right | ||
98 | |97 |00:08:40 ~-~-> 00:08:45 |there. So that's bearish breaker. Well, when you see highs forming like this, | ||
99 | |98 |00:08:45 ~-~-> 00:08:48 |when they're reaching up, you want to look for the buy side of balance, | ||
100 | |99 |00:08:48 ~-~-> 00:08:51 |outside efficiency there, because they will act as inversion fair value gap. | ||
101 | |100 |00:08:51 ~-~-> 00:08:55 |About 80% of the time you're going to see inversion fair value gaps form like | ||
102 | |101 |00:08:55 ~-~-> 00:09:00 |that. So if you're a reversal pattern trader, Turtle Soup trader, but don't | ||
103 | |102 |00:09:00 ~-~-> 00:09:04 |have the nerve to try to sell above old highs. Just wait for it to get into an | ||
104 | |103 |00:09:04 ~-~-> 00:09:09 |inversion fair value gap over here on as the in the rallies up into it, look for | ||
105 | |104 |00:09:09 ~-~-> 00:09:16 |those last one or two foolish fair value gaps when the markets making these | ||
106 | |105 |00:09:16 ~-~-> 00:09:19 |highs, wait for the break through it and then come right back up into it and then | ||
107 | |106 |00:09:19 ~-~-> 00:09:25 |can sell short there. You don't need to have a huge stop up here. You use a stop | ||
108 | |107 |00:09:25 ~-~-> 00:09:28 |loss right there. And that still might be too much for some of you, because you | ||
109 | |108 |00:09:29 ~-~-> 00:09:32 |want to do 20 contracts, 30 contracts of your funded accounts and just over | ||
110 | |109 |00:09:32 ~-~-> 00:09:35 |letters. That's not how you should trade, though. But anyway, just thought | ||
111 | |110 |00:09:35 ~-~-> 00:09:39 |that's in there, toss it in there for an extra charge, but it breaks lower again, | ||
112 | |111 |00:09:39 ~-~-> 00:09:46 |and we come back up into your immediate rebalance, breaks lower once more, | ||
113 | |112 |00:09:47 ~-~-> 00:09:51 |consolidates around the old pool liquidity, and then goes into rather | ||
114 | |113 |00:09:51 ~-~-> 00:09:56 |sloppy price action, back into this old by sign of balance, sell sign | ||
115 | |114 |00:09:56 ~-~-> 00:10:02 |efficiency. So we have liquidity in here. This has been made jagged there. | ||
116 | |115 |00:10:02 ~-~-> 00:10:06 |So where is it smooth, right below here. So just be mindful that that and over | ||
117 | |116 |00:10:06 ~-~-> 00:10:14 |here, this while, right POUND DOLLAR, we have a daily city here. We traded up | ||
118 | |117 |00:10:14 ~-~-> 00:10:20 |into that, and we broke lower last week, you saw that, and we traded down into | ||
119 | |118 |00:10:21 ~-~-> 00:10:28 |liquidity here and the low here, at the lower quadrant of the inefficiency, | ||
120 | |119 |00:10:28 ~-~-> 00:10:29 |which | ||
121 | |120 |00:10:30 ~-~-> 00:10:36 |I don't know. Why I don't have it anchored properly. I don't know, I don't | ||
122 | |121 |00:10:36 ~-~-> 00:10:41 |know where this is anchored at. Now I'm thinking about, I think I may have cut | ||
123 | |122 |00:10:41 ~-~-> 00:10:44 |it off. I think it's what's happened here. It should be something over here, | ||
124 | |123 |00:10:44 ~-~-> 00:10:48 |but if you look at your chart, you'll find out exactly what it is. Main thing | ||
125 | |124 |00:10:48 ~-~-> 00:10:52 |is where we're at right now. We had a city here between these two | ||
126 | |125 |00:10:52 ~-~-> 00:10:57 |candlesticks, the high and the low, and that gap we trade up into that. It's not | ||
127 | |126 |00:10:57 ~-~-> 00:11:01 |annotated on my chart here, but you want to be mindful of that. And these levels | ||
128 | |127 |00:11:01 ~-~-> 00:11:07 |here are the discount gradient levels on this wick on the daily chart. So these | ||
129 | |128 |00:11:07 ~-~-> 00:11:11 |very, very prompt dark lines, that's what that is, and the smaller, thinner | ||
130 | |129 |00:11:11 ~-~-> 00:11:16 |lines, that's these up here. These are representing this candlesticks discount | ||
131 | |130 |00:11:16 ~-~-> 00:11:22 |wick. These darker, thicker lines represent this area in here for this | ||
132 | |131 |00:11:22 ~-~-> 00:11:27 |discount wick. So this, this discount wick. And this discount wick is where | ||
133 | |132 |00:11:27 ~-~-> 00:11:32 |you're seeing these two sets of gradient levels. The upper one is this one you | ||
134 | |133 |00:11:32 ~-~-> 00:11:38 |can you can verify by the price legends here, where it shows you the label of | ||
135 | |134 |00:11:38 ~-~-> 00:11:42 |what each one of those lines represents for price, all right. So had south side | ||
136 | |135 |00:11:42 ~-~-> 00:11:48 |of the coating pool here in the London session to London and kill zone. We | ||
137 | |136 |00:11:48 ~-~-> 00:11:53 |rallied up, broke lower South Side amounts by sign efficiency plus a | ||
138 | |137 |00:11:53 ~-~-> 00:11:59 |breaker. So we hit that here, the bearish fear value gap and consequent | ||
139 | |138 |00:11:59 ~-~-> 00:12:03 |encroachment. It wicks through, just almost filling us in, leaves a small | ||
140 | |139 |00:12:03 ~-~-> 00:12:08 |portion open, breaks lower, takes a sell side there, hits the consequent | ||
141 | |140 |00:12:08 ~-~-> 00:12:14 |encroachment of this discount wick right here. That level comes in at 1.34248 | ||
142 | |141 |00:12:18 ~-~-> 00:12:25 |1.34248 hits it there perfectly dead. Bang on. Rallies. Fear value. Got there, | ||
143 | |142 |00:12:25 ~-~-> 00:12:30 |crazy down into that. Then rips higher, takes the buy side here, retraces once | ||
144 | |143 |00:12:30 ~-~-> 00:12:33 |more into this bicycle balance outside efficiency. Look at the body's | ||
145 | |144 |00:12:33 ~-~-> 00:12:41 |candlesticks. Second time I think I'm getting I'm getting old. Aina, dyslexia, | ||
146 | |145 |00:12:41 ~-~-> 00:12:44 |two times. I'm not editing it out. I don't care. I don't care what you hear. | ||
147 | |146 |00:12:44 ~-~-> 00:12:49 |I don't care what you say about I want to hear about the bodies of these | ||
148 | |147 |00:12:49 ~-~-> 00:12:54 |candlesticks. They are staying in the upper half of that that is that the | ||
149 | |148 |00:12:54 ~-~-> 00:12:57 |wicks are allowed to do the damage, but it leaves a small portion open, and it | ||
150 | |149 |00:12:57 ~-~-> 00:13:03 |rallies up, rips through the buy side here, and here, and takes us into this | ||
151 | |150 |00:13:03 ~-~-> 00:13:09 |discount where you had this discount WIC gradient levels, and you can see that | ||
152 | |151 |00:13:09 ~-~-> 00:13:16 |the low comes in at 1.34534 that's this. And we just fall short down in New York | ||
153 | |152 |00:13:16 ~-~-> 00:13:21 |open kill zone, getting up into that lower quadrant of this discount wick. We | ||
154 | |153 |00:13:21 ~-~-> 00:13:27 |break lower, probably back up into a bearish, fair value gap, and last off | ||
155 | |154 |00:13:27 ~-~-> 00:13:31 |closed candle before trading lower. That's the change in the state of | ||
156 | |155 |00:13:31 ~-~-> 00:13:34 |delivery that opening price. That's what that is. That's not a demand zone. It's | ||
157 | |156 |00:13:34 ~-~-> 00:13:40 |not somebody zone. That's not an fu candle, that's not a engulfing candle. | ||
158 | |157 |00:13:40 ~-~-> 00:13:43 |That's not what all everybody else wants to call it. Okay? It's just simply | ||
159 | |158 |00:13:43 ~-~-> 00:13:46 |changing the state of delivery. Where the I'll go goes right back to that, | ||
160 | |159 |00:13:46 ~-~-> 00:13:52 |hammers it one more time. It's not mitigating, it's not mitigating the | ||
161 | |160 |00:13:52 ~-~-> 00:13:56 |order block, okay? Like, like, some of these guys up there say it's just, they | ||
162 | |161 |00:13:56 ~-~-> 00:14:00 |got some of the buzz words, but they don't have it correct at all. Okay, it | ||
163 | |162 |00:14:00 ~-~-> 00:14:07 |sounds like temu ICT, but rallies up, closes in the fair value gap hits the | ||
164 | |163 |00:14:07 ~-~-> 00:14:11 |close of that, I'm sorry, opening that can the closing in the inefficiency and | ||
165 | |164 |00:14:11 ~-~-> 00:14:15 |trading right back to the change in state delivery. So what that means is | ||
166 | |165 |00:14:15 ~-~-> 00:14:18 |price was spooling higher, and then once it rotates and trades the other | ||
167 | |166 |00:14:18 ~-~-> 00:14:23 |direction. You want to see where that last reference point was at that | ||
168 | |167 |00:14:23 ~-~-> 00:14:29 |interval, which is in here, it's five minute time frame that opening price. | ||
169 | |168 |00:14:29 ~-~-> 00:14:33 |Carry it forward, and you see it hit it right there, bang. And now every high | ||
170 | |169 |00:14:33 ~-~-> 00:14:39 |frequency trading algorithm, it starts firing, looking for shorts, okay, and | ||
171 | |170 |00:14:39 ~-~-> 00:14:43 |they want to get in there is as much as they can inside this inefficiency, and | ||
172 | |171 |00:14:43 ~-~-> 00:14:51 |it breaks lower, rips into this inefficiency here, digs through it, sell | ||
173 | |172 |00:14:51 ~-~-> 00:14:55 |side below that low ramps through that small, little fair value, trades up, | ||
174 | |173 |00:14:55 ~-~-> 00:15:02 |fails to get to consequent encroachment takes us down into 1.0 4166, that's the | ||
175 | |174 |00:15:02 ~-~-> 00:15:07 |low of that candlesticks, discount click, or the low that very day itself | ||
176 | |175 |00:15:07 ~-~-> 00:15:10 |hits it during London close and then back into consolidation for the | ||
177 | |176 |00:15:11 ~-~-> 00:15:19 |remainder of the day. All right, we're going to look at this portion. It's the | ||
178 | |177 |00:15:19 ~-~-> 00:15:24 |focus on index futures, where I'm primarily focusing on Christmas | ||
179 | |178 |00:15:25 ~-~-> 00:15:32 |December, mini n q futures or E Mini futures, December contract, all right, | ||
180 | |179 |00:15:32 ~-~-> 00:15:37 |left hand side, daily chart, right hand side. One minute chart, okay, one minute | ||
181 | |180 |00:15:37 ~-~-> 00:15:40 |showing on regular trading hours. That way it shows you the regular trading | ||
182 | |181 |00:15:40 ~-~-> 00:15:45 |hours. Difference between where we close that on Friday and where we open up on | ||
183 | |182 |00:15:45 ~-~-> 00:15:50 |regular trading hours at 930 eastern time today, Monday, September 29 2025 | ||
184 | |183 |00:15:51 ~-~-> 00:15:57 |over here last week, as I mentioned on Twitter, or x, as they call it now, I | ||
185 | |184 |00:15:57 ~-~-> 00:16:01 |said that this candlestick right here, it's discount. WIC, you want to grade | ||
186 | |185 |00:16:01 ~-~-> 00:16:07 |that. And also note that the fair value gap that's formed right here, go back | ||
187 | |186 |00:16:07 ~-~-> 00:16:12 |and look at my ex posts. Okay, I'm not going to hand held hand hold it for you | ||
188 | |187 |00:16:12 ~-~-> 00:16:15 |and do all the work for you. Okay, if you're going to do the trouble of | ||
189 | |188 |00:16:15 ~-~-> 00:16:19 |following me or watching some of my posts, go and look at it, what did I say | ||
190 | |189 |00:16:19 ~-~-> 00:16:23 |on that? On that day? You know, on Thursday, look at this, okay. And the | ||
191 | |190 |00:16:24 ~-~-> 00:16:28 |market trades down into the upper quadrant inside of that fair value gap, | ||
192 | |191 |00:16:28 ~-~-> 00:16:32 |and it leaves a small portion between that low and that candlesticks high. It | ||
193 | |192 |00:16:32 ~-~-> 00:16:37 |leaves it open, and then little Harry Potter meme post at the same time as it | ||
194 | |193 |00:16:37 ~-~-> 00:16:42 |hit, it hit, what that upper quadrant level inside that. Everybody got the | ||
195 | |194 |00:16:42 ~-~-> 00:16:50 |Harry Potter wands pointing up, up. It's gonna go up and look at that. Oh my | ||
196 | |195 |00:16:50 ~-~-> 00:16:55 |goodness, I got lucky there. Didn't I got really lucky there. It's a must have | ||
197 | |196 |00:16:55 ~-~-> 00:16:59 |been coincidence. But then we have this wick again, split that in half. That's | ||
198 | |197 |00:16:59 ~-~-> 00:17:03 |consequent encouragement. You can see that that's what happens right here. | ||
199 | |198 |00:17:03 ~-~-> 00:17:14 |Okay, so on Friday, we traded down into that beautifully at 24.529 24 529, even | ||
200 | |199 |00:17:14 ~-~-> 00:17:19 |hits it there handsomely, and it rips back up bullish. But it's an Inside Day. | ||
201 | |200 |00:17:19 ~-~-> 00:17:25 |So here's Thursday's high, Thursday's low, Friday's high, Friday's low. So | ||
202 | |201 |00:17:25 ~-~-> 00:17:29 |it's inside of the previous day's range. So usually, when you see that, if you | ||
203 | |202 |00:17:29 ~-~-> 00:17:35 |have a directional bias, that's I was hinting at, it's usually indicative of | ||
204 | |203 |00:17:35 ~-~-> 00:17:38 |continuation. Could potentially be explosive to the outside, in this case, | ||
205 | |204 |00:17:38 ~-~-> 00:17:44 |and we had that here, we opened relative to where we closed that here in revenue | ||
206 | |205 |00:17:44 ~-~-> 00:17:49 |trading hours. It's a huge gap, but where we opened up at six o'clock on | ||
207 | |206 |00:17:49 ~-~-> 00:17:53 |Sunday's trading, it wasn't all that terrible in terms of a separation. It | ||
208 | |207 |00:17:53 ~-~-> 00:18:01 |looks a lot more here because it had moved up from the New START of trading | ||
209 | |208 |00:18:01 ~-~-> 00:18:05 |on Sunday, all through Asia and then all through London and whatnot, to get to | ||
210 | |209 |00:18:05 ~-~-> 00:18:11 |the regular trading hours of 930 eastern time this morning. So with all this | ||
211 | |210 |00:18:11 ~-~-> 00:18:14 |stuff here, I'm going to zoom in and take us right into this portion and into | ||
212 | |211 |00:18:14 ~-~-> 00:18:19 |the right Okay, so that's what we have here. We have that regular trading hours | ||
213 | |212 |00:18:20 ~-~-> 00:18:24 |opening range gap. Okay, you can see that little box here. It's indicating | ||
214 | |213 |00:18:24 ~-~-> 00:18:31 |opening range gap. So where we stop trading on Friday, ready to trading | ||
215 | |214 |00:18:31 ~-~-> 00:18:36 |hours, to where we opened today, 930 Eastern time. Ready to trading hours, | ||
216 | |215 |00:18:37 ~-~-> 00:18:41 |regular trading hours. Right hand side, see that. So it starts to rally right | ||
217 | |216 |00:18:41 ~-~-> 00:18:45 |away. We create, first, present the fair value gap right here, then we have | ||
218 | |217 |00:18:45 ~-~-> 00:18:50 |another fair value gap there, and we reach up in here, do a lot of business | ||
219 | |218 |00:18:50 ~-~-> 00:18:55 |in here, we break down potential shift in market structure below that low. So | ||
220 | |219 |00:18:55 ~-~-> 00:18:59 |that means this might become a inversion fair value gap. It does, but it spends a | ||
221 | |220 |00:18:59 ~-~-> 00:19:03 |lot of time in here. Okay? It's a lot of time distortion, and wants to lower | ||
222 | |221 |00:19:03 ~-~-> 00:19:08 |people and going along looking for this high to be traded back to. And it is | ||
223 | |222 |00:19:08 ~-~-> 00:19:14 |folded over and break it lower. Bearish, reclaimed, fair value gap trades up to | ||
224 | |223 |00:19:14 ~-~-> 00:19:18 |it there breaks lower. And this spot center, balance, cell, sign, efficiency, | ||
225 | |224 |00:19:18 ~-~-> 00:19:23 |it's traded down through it. So we open trade rate back up into just sort of | ||
226 | |225 |00:19:23 ~-~-> 00:19:27 |consequent encroachment. You want to see it fail to touch that. If it's bearish, | ||
227 | |226 |00:19:27 ~-~-> 00:19:31 |it rips lower trades into the first presented fair value gap. What was the | ||
228 | |227 |00:19:31 ~-~-> 00:19:34 |first presented fair value gap? It was a buy side and balance sell side | ||
229 | |228 |00:19:34 ~-~-> 00:19:38 |efficiency or an up close candle. So if we trade down through it, it's going to | ||
230 | |229 |00:19:38 ~-~-> 00:19:46 |become, what a premium array in the form of a bearish inversion fair value gap, | ||
231 | |230 |00:19:46 ~-~-> 00:19:50 |so it trades up into that here, hits it beautifully, breaks lower and then takes | ||
232 | |231 |00:19:50 ~-~-> 00:19:54 |the sell side below the lows at register trading hours print. That means that's | ||
233 | |232 |00:19:54 ~-~-> 00:20:00 |the low that was given during the entirety of registration hour. Session | ||
234 | |233 |00:20:00 ~-~-> 00:20:05 |so far for the day, and it drew down into that liquidity hits. It | ||
235 | |234 |00:20:05 ~-~-> 00:20:08 |consolidates around it, and then starts using the opening range high, which is | ||
236 | |235 |00:20:08 ~-~-> 00:20:13 |the actual opening price here. It breaks lower, creates relative equal lows, | ||
237 | |236 |00:20:14 ~-~-> 00:20:18 |relative equal highs. This bangs around a little bit here, and then rips lower | ||
238 | |237 |00:20:18 ~-~-> 00:20:21 |through the upper quadrant, falls short of the that's quite | ||
239 | |238 |00:20:28 ~-~-> 00:20:36 |encroachment of the opening range. That's, that's what the don't have that | ||
240 | |239 |00:20:36 ~-~-> 00:20:42 |on here. I'm getting disoriented here looking at this. It's 24,008, 16, and | ||
241 | |240 |00:20:42 ~-~-> 00:20:48 |that's this premium wick, okay, premium wick gradient levels. So I don't have | ||
242 | |241 |00:20:48 ~-~-> 00:20:53 |that, that opening range gap created. It's this here. Got confused by looking | ||
243 | |242 |00:20:53 ~-~-> 00:21:01 |at it, but it trades down to that upper quadrant level right there, or fall | ||
244 | |243 |00:21:01 ~-~-> 00:21:05 |short of that one rather, and it goes to the high of that candlestick at 24,008, | ||
245 | |244 |00:21:05 ~-~-> 00:21:11 |16, right there, and then consolidates into where we're at at the time of this | ||
246 | |245 |00:21:11 ~-~-> 00:21:16 |recording. Screenshot was taken at two o'clock. Just be mindful that this is a | ||
247 | |246 |00:21:16 ~-~-> 00:21:22 |little too smooth in here. This is a little too smooth if it starts to rotate | ||
248 | |247 |00:21:22 ~-~-> 00:21:26 |lower, you know, that's fine. You will deal with that tomorrow's trading. But | ||
249 | |248 |00:21:26 ~-~-> 00:21:31 |for right now, this seems like if there's a lot of people that want to be | ||
250 | |249 |00:21:31 ~-~-> 00:21:35 |short because they want to try to short all time highs, and if they are up here, | ||
251 | |250 |00:21:35 ~-~-> 00:21:40 |they're really ramping down, putting stop losses here. So it's not hard for | ||
252 | |251 |00:21:40 ~-~-> 00:21:47 |it to get up and hit that, but long and short, you know, try to avoid going | ||
253 | |252 |00:21:47 ~-~-> 00:21:50 |short. Okay, just try to do your best not to do that. If you don't have any | ||
254 | |253 |00:21:50 ~-~-> 00:21:54 |experience or haven't been doing this for a very long time, just try to avoid | ||
255 | |254 |00:21:54 ~-~-> 00:21:57 |being short in these types of markets, because it can hurt you when you're | ||
256 | |255 |00:21:57 ~-~-> 00:22:01 |trading all time highs, and they could just in one day, just take off and keep | ||
257 | |256 |00:22:01 ~-~-> 00:22:05 |going, keep going, keep going. And every time you try to short it, you'll just | ||
258 | |257 |00:22:05 ~-~-> 00:22:09 |care it'll tear you up. What does it reach for? Maybe we're in electronic | ||
259 | |258 |00:22:09 ~-~-> 00:22:15 |trading hours. Notice that lowering small, little city up here, okay, above | ||
260 | |259 |00:22:15 ~-~-> 00:22:21 |this old high, this old order flow in here, it draws up into the inefficiency | ||
261 | |260 |00:22:21 ~-~-> 00:22:25 |rate before it right there. And that's what it gave up the coast today, and | ||
262 | |261 |00:22:25 ~-~-> 00:22:35 |went back down into this premium WIC high at 24 816 that's 2424 816 there. So | ||
263 | |262 |00:22:35 ~-~-> 00:22:40 |a little bit of a tricky day. Admittedly, I worked with Caleb today, | ||
264 | |263 |00:22:41 ~-~-> 00:22:45 |and he did some some trades around the first present the fair value gap, and | ||
265 | |264 |00:22:45 ~-~-> 00:22:51 |we'll just leave it at that, but that's going to be it for today. And Lord | ||
266 | |265 |00:22:51 ~-~-> 00:22:57 |willing, I'll be back tomorrow with another review and point out some things | ||
267 | |266 |00:22:57 ~-~-> 00:23:02 |that you should be pertinent on, or should be pertinent on your travels and | ||
268 | |267 |00:23:02 ~-~-> 00:23:04 |discovery and Smart Money concepts, all right, | ||
269 | |268 |00:23:12 ~-~-> 00:23:16 |folks, thanks for your continued interest, and I'll talk to you next | ||
270 | |269 |00:23:16 ~-~-> 00:23:18 |time. Wish good luck and good trading. |