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2 |1 |00:00:05 ~-~-> 00:00:11 |ICT: Hello folks, how the heck are you welcome back. Today is October 4, 2025
3 |2 |00:00:13 ~-~-> 00:00:19 |and we're doing a quick review on the forex market. Most suspects are and the
4 |3 |00:00:19 ~-~-> 00:00:31 |usual suspects being US dollar fiber or euro, USD cable or POUND DOLLAR, all
5 |4 |00:00:31 ~-~-> 00:00:34 |right, it's going to be easy to go through these, because generally, the
6 |5 |00:00:34 ~-~-> 00:00:39 |market is just held in a holding pattern right now. So you can see how everything
7 |6 |00:00:39 ~-~-> 00:00:44 |on dollar is being trapped in between this inefficiency and this inefficiency.
8 |7 |00:00:45 ~-~-> 00:00:49 |So by greeting them, you can see the pertinent levels. Here, I have the
9 |8 |00:00:49 ~-~-> 00:01:02 |lowest reaching discount WIC, and I only have this suspension block greeted.
10 |9 |00:01:02 ~-~-> 00:01:07 |Graded. We're on the right hand side. You can see the five minute chart
11 |10 |00:01:07 ~-~-> 00:01:11 |reaches up into that volume imbalance right here. I have the two dark, black
12 |11 |00:01:11 ~-~-> 00:01:15 |lines there, and I have a dashed line indicating its consequent encroachment
13 |12 |00:01:16 ~-~-> 00:01:21 |between the two bodies. This candlesticks open, this candlesticks
14 |13 |00:01:21 ~-~-> 00:01:28 |close. That's what these two levels are. Here you can see at the start of trading
15 |14 |00:01:30 ~-~-> 00:01:37 |reaches up into the volume. Imbalance breaks, says displacement, there trades
16 |15 |00:01:38 ~-~-> 00:01:42 |right back out to consequent encouragement, perfectly then we break
17 |16 |00:01:42 ~-~-> 00:01:53 |lower, trading into the bullish fair value gap here, and then this quadrant
18 |17 |00:01:53 ~-~-> 00:01:59 |here, we trade down into it there, and it falls short of reaching consequent
19 |18 |00:01:59 ~-~-> 00:02:04 |encouragement of the PI side, balance, cell sign efficiency shown here at 9758
20 |19 |00:02:08 ~-~-> 00:02:14 |point, or 58 two. So overall, it's kind of like doing nothing. And I mentioned
21 |20 |00:02:14 ~-~-> 00:02:17 |this earlier in the week, which is another reason why I keep telling you
22 |21 |00:02:17 ~-~-> 00:02:23 |all that. Keep saying, please talk about forex. Please talk about forex. If Forex
23 |22 |00:02:23 ~-~-> 00:02:27 |is going to be doing things like this, I'm not interested in it, and it's going
24 |23 |00:02:27 ~-~-> 00:02:31 |to make it harder for you as a student to navigate in that market, because it's
25 |24 |00:02:31 ~-~-> 00:02:37 |not highly liquid, it's not loose, it's high resistance, not low resistance,
26 |25 |00:02:37 ~-~-> 00:02:42 |liquidity runs. So it's very, very difficult for you to navigate a market
27 |26 |00:02:42 ~-~-> 00:02:46 |like that. So I try to take your attention away from it. My attention
28 |27 |00:02:46 ~-~-> 00:02:50 |certainly diverted to other markets, like the futures market. But moving on
29 |28 |00:02:50 ~-~-> 00:02:55 |into Euro, dollar, similar thing. We have a sell sound balance, buy some
30 |29 |00:02:55 ~-~-> 00:03:00 |efficiency, highest premium wick annotated there, you can see the
31 |30 |00:03:00 ~-~-> 00:03:07 |consequent encouragement over here at 1.17562 and the lower quadrant being at
32 |31 |00:03:08 ~-~-> 00:03:20 |1.17449 you can See on Friday's trading, we traded up into the 1.17562 point,
33 |32 |00:03:20 ~-~-> 00:03:29 |17562, consequent encroachment. I have it colored. It's purple to contrast that
34 |33 |00:03:29 ~-~-> 00:03:32 |there. Okay, so that way you're not going to see that and think that's the
35 |34 |00:03:32 ~-~-> 00:03:39 |same level. And then the upper quadrant coming in at 1.17449 that's it, right
36 |35 |00:03:39 ~-~-> 00:03:44 |here. So really, there's nothing in here. It's all that exciting about Euro
37 |36 |00:03:44 ~-~-> 00:03:49 |dollar, it's not moved a lot at all. I mean, it's really, really small ranges.
38 |37 |00:03:50 ~-~-> 00:03:55 |So if you get excited around 20 handles for 20 pips, and to me, it's not worth
39 |38 |00:03:55 ~-~-> 00:04:01 |paying any in mind or any attention to it right? Moving on into cable. Now this
40 |39 |00:04:01 ~-~-> 00:04:09 |one has a little bit better structure, so you can see we had lower quadrant of
41 |40 |00:04:09 ~-~-> 00:04:13 |this premium wick being measured. And I also did the lower quadrant on this one
42 |41 |00:04:13 ~-~-> 00:04:22 |just for contrast. Okay, so as we were compressing smaller in the wicks, and
43 |42 |00:04:22 ~-~-> 00:04:27 |then the discount WIC being shown here, you can see that the low is defined by
44 |43 |00:04:27 ~-~-> 00:04:30 |the upper quadrant of this discount, WIC coming in at 1.34302
45 |44 |00:04:37 ~-~-> 00:04:41 |that's that level right there. We have a shift in market structure, buy side of
46 |45 |00:04:41 ~-~-> 00:04:47 |miles, sell side efficiency, comes right back down into it and rallies, leaving
47 |46 |00:04:48 ~-~-> 00:04:55 |that which at the high of this discount wick. And then we come right back down
48 |47 |00:04:55 ~-~-> 00:04:59 |into it there on some more trading into this buy side of miles, sell side of.
49 |48 |00:05:00 ~-~-> 00:05:06 |Efficiency, then it rallies higher. We have a breaker, low, high, lower, low,
50 |49 |00:05:07 ~-~-> 00:05:15 |carry that forward. That's a breakaway gap, measuring gap, and then trading up
51 |50 |00:05:15 ~-~-> 00:05:24 |into the quadrant 1.34864 and that's the lower quadrant of this wick here. Okay,
52 |51 |00:05:25 ~-~-> 00:05:31 |you would still have this in here by by contrast, you can see it. So this is one
53 |52 |00:05:31 ~-~-> 00:05:34 |objective could reach for someone worse, if it went to this quadrant and went
54 |53 |00:05:34 ~-~-> 00:05:38 |higher, you would expect it to reach for that one. So that's how we we work
55 |54 |00:05:38 ~-~-> 00:05:45 |through nested or closely printed wicks that are in subsequent candles. And
56 |55 |00:05:47 ~-~-> 00:05:51 |apart from that, really didn't do too much at all, really, but it had a better
57 |56 |00:05:51 ~-~-> 00:06:04 |run about 45 handles or so, 8050 handles, moving on into futures and
58 |57 |00:06:06 ~-~-> 00:06:13 |focusing on December mini Nasdaq futures. All right, so on the left hand
59 |58 |00:06:14 ~-~-> 00:06:18 |side, I mentioned this on Twitter yesterday. So if you look at the posts,
60 |59 |00:06:18 ~-~-> 00:06:23 |I didn't do any live streaming, and I mentioned what I thought was salient at
61 |60 |00:06:23 ~-~-> 00:06:31 |the time. So buy sign and balance, sell side efficiency here, and the market was
62 |61 |00:06:31 ~-~-> 00:06:37 |pulling back after making another higher high on a Friday. And I'm showing you
63 |62 |00:06:37 ~-~-> 00:06:44 |Thursday's opening range real time or regular trading hours, opening range
64 |63 |00:06:44 ~-~-> 00:06:50 |gap. Rather, that's this here, so that'll look familiar. And it closed
65 |64 |00:06:50 ~-~-> 00:06:55 |that gap there perfectly, and then came right back up to it again there, came
66 |65 |00:06:55 ~-~-> 00:06:59 |back down to consequent encroachment, rallied up into some random level in
67 |66 |00:06:59 ~-~-> 00:07:04 |here, and then fell out of bed and took out the intermediate term sell South
68 |67 |00:07:04 ~-~-> 00:07:11 |Dakota pool I mentioned on Thursday's commentary, and looking at that rally,
69 |68 |00:07:11 ~-~-> 00:07:14 |it takes us right back up into Thursday's regular trading hours.
70 |69 |00:07:14 ~-~-> 00:07:18 |Opening range, gap, lower quadrant. So the labels here are Thursday's regular
71 |70 |00:07:18 ~-~-> 00:07:24 |trading hours, closing price, Thursday's regular trading hours, opening range
72 |71 |00:07:24 ~-~-> 00:07:30 |gap. Lower quadrant, consequent encroachment. Upper quadrant, the
73 |72 |00:07:31 ~-~-> 00:07:37 |opening price there based on Thursday's trading, no opening range gap is being
74 |73 |00:07:37 ~-~-> 00:07:42 |plotted in this discussion. On Friday's trading, when you have these real big,
75 |74 |00:07:42 ~-~-> 00:07:46 |wide gaps like that, you definitely want to carry them forward, and they're going
76 |75 |00:07:46 ~-~-> 00:07:51 |to be utilized the next day, especially if you're inside the range between what
77 |76 |00:07:51 ~-~-> 00:07:56 |boundaries are referring to inside what range, the high and the low of that
78 |77 |00:07:56 ~-~-> 00:08:03 |previous day's Opening range gap. So just notice how the sensitivity here,
79 |78 |00:08:03 ~-~-> 00:08:07 |like that's that's beautiful. It's not pivot numbers, it's not support and
80 |79 |00:08:07 ~-~-> 00:08:12 |resistance. So dropping down into a one minute chart, because we were just
81 |80 |00:08:12 ~-~-> 00:08:16 |looking at a five minute chart. Now we're only looking at Friday's trading.
82 |81 |00:08:16 ~-~-> 00:08:20 |So here's first presents a fair value gap there, and carrying that forward and
83 |82 |00:08:20 ~-~-> 00:08:24 |grading it. You can see all those levels we try trade up into Thursday's regular
84 |83 |00:08:24 ~-~-> 00:08:32 |trading hours, opening range, gap high, and we break down. And now refer to
85 |84 |00:08:32 ~-~-> 00:08:39 |yesterday or October 3, 2025, commentary and the notes I posted in telegram. And
86 |85 |00:08:39 ~-~-> 00:08:45 |you'll see what these suspension blocks are. I'm not going to go over again
87 |86 |00:08:45 ~-~-> 00:08:54 |here, but we trade down to consequent encroachment of this discount WIC. Carry
88 |87 |00:08:54 ~-~-> 00:08:59 |that forward. We trade up into first presents a fair value gap hits all the
89 |88 |00:08:59 ~-~-> 00:09:03 |quadrant levels, consequent encroachment. Break lower. We have a
90 |89 |00:09:03 ~-~-> 00:09:08 |bullish fair value gap that becomes an inversion Fairbank gap here and again at
91 |90 |00:09:08 ~-~-> 00:09:14 |the regular trading hours, opening range gap, upper quadrant. Okay, I saw some
92 |91 |00:09:14 ~-~-> 00:09:17 |people that were saying I was calling this level wrong. It's not the upper
93 |92 |00:09:17 ~-~-> 00:09:20 |quadrant. You don't know what you're talking about. Okay, that's why I burned
94 |93 |00:09:20 ~-~-> 00:09:25 |you off of Max I won't look at your your posts. Don't try to correct me about
95 |94 |00:09:26 ~-~-> 00:09:30 |something. I know you're just learning about it here. And talk to me about what
96 |95 |00:09:30 ~-~-> 00:09:33 |you think I'm doing wrong. I'll make mistakes, but I know what I was talking
97 |96 |00:09:33 ~-~-> 00:09:41 |about when I was posting it. So it sells off here and trades down into the lower
98 |97 |00:09:41 ~-~-> 00:09:46 |quadrant, and then all the way back up to the higher suspension block. Now this
99 |98 |00:09:47 ~-~-> 00:09:52 |is shaded, not green here, like it was when I presented to you yesterday. It
100 |99 |00:09:52 ~-~-> 00:09:56 |now it's acting as an inversion level. So it's going to be a premium array hits
101 |100 |00:09:56 ~-~-> 00:10:00 |the consequent encroachment of that perfectly and sells off you. Comes back
102 |101 |00:10:00 ~-~-> 00:10:06 |up inside this one again, sells off inefficiency, inversion, fair value gap
103 |102 |00:10:06 ~-~-> 00:10:12 |after this fails, and when it's heavy and bearish, that's what we want to see.
104 |103 |00:10:12 ~-~-> 00:10:18 |And I mentioned that we would see the lower quadrant and then the fair value
105 |104 |00:10:18 ~-~-> 00:10:23 |gap. I asked on Twitter, did you have this highlighted on your daily chart,
106 |105 |00:10:23 ~-~-> 00:10:27 |and is it graded? And we got down to lower quadrant. I'm sorry, upper
107 |106 |00:10:27 ~-~-> 00:10:34 |quadrant, rather, at 24,009 55 that's this level here. It trades down to here
108 |107 |00:10:34 ~-~-> 00:10:39 |and gets very, very close to consequent encroachment. But says Not today, and
109 |108 |00:10:39 ~-~-> 00:10:50 |came off that enclosed up here. Easy if conditions, we had a high of the week at
110 |109 |00:10:50 ~-~-> 00:10:58 |25,001 96 and a half, and the low came in at 24,006 33 and a quarter. That's
111 |110 |00:10:58 ~-~-> 00:11:01 |this candlesticks quick, and this candlesticks quick, making the daily
112 |111 |00:11:01 ~-~-> 00:11:09 |range boundaries high and low. And then here is the 20% of the range. It's
113 |112 |00:11:09 ~-~-> 00:11:17 |25,083 and three quarters. 30% of the range of the Week is 25,027 and a half.
114 |113 |00:11:17 ~-~-> 00:11:27 |And then 40% was 24,971.25 so. And those levels here you can see them right here.
115 |114 |00:11:28 ~-~-> 00:11:32 |They're shortened to nail go to the hard right edge. You can see how they were
116 |115 |00:11:32 ~-~-> 00:11:37 |delivered to so TGIF was delivered, actually almost went down to half the
117 |116 |00:11:37 ~-~-> 00:11:43 |weekly range, left that portion with that candlesticks wick that opened as
118 |117 |00:11:43 ~-~-> 00:11:52 |well. All right, so moving into the afternoon, all I did was move forward in
119 |118 |00:11:52 ~-~-> 00:11:56 |the chart, and you can see how we can wrap into consequent crochet from that
120 |119 |00:11:56 ~-~-> 00:12:00 |suspension block that becomes an inversion level Same here. Fills that
121 |120 |00:12:00 ~-~-> 00:12:05 |small little gap right there. It's too small for me to annotate. Breaks lower
122 |121 |00:12:05 ~-~-> 00:12:08 |the body's respecting the upper quadrant doesn't come up to the top, but this
123 |122 |00:12:08 ~-~-> 00:12:14 |bias on balance sells on efficiency. Measure your volume imbalance, and then
124 |123 |00:12:14 ~-~-> 00:12:17 |breaks lower, hits the low of it, and then sells off and comes right back out
125 |124 |00:12:17 ~-~-> 00:12:21 |to that same inversion for your body gap. And then this hammers and bangs in
126 |125 |00:12:21 ~-~-> 00:12:26 |between 40% of the weekly range and 30% of the weekly range and the river
127 |126 |00:12:26 ~-~-> 00:12:30 |trading hours closing price from Thursday, and that's where it defined
128 |127 |00:12:30 ~-~-> 00:12:35 |the range going into the close now, for the folks that complain and bellyache to
129 |128 |00:12:35 ~-~-> 00:12:40 |me, please talk about forex, because you trade CFDs or Forex payers outside the
130 |129 |00:12:40 ~-~-> 00:12:47 |US. I don't know why you're not doing this, okay, because you're able to
131 |130 |00:12:47 ~-~-> 00:12:53 |follow what I'm doing in NASDAQ with us. 100 Okay, so if you go on to trading
132 |131 |00:12:53 ~-~-> 00:12:58 |view, and this is being used, and I'm not suggesting that you should open up
133 |132 |00:12:58 ~-~-> 00:13:05 |an account or trade with this brokerage firm, but capital.com pull that up for
134 |133 |00:13:05 ~-~-> 00:13:12 |the US 100 market. Okay, this is the CFD version of Nasdaq futures contract. It's
135 |134 |00:13:12 ~-~-> 00:13:16 |not going to mark to market perfectly, but I'm going to show you here that it's
136 |135 |00:13:16 ~-~-> 00:13:21 |doing the same things I'm teaching that the futures market is doing. So instead
137 |136 |00:13:21 ~-~-> 00:13:25 |of complaining to me and leaving comments in the sections of my video
138 |137 |00:13:25 ~-~-> 00:13:29 |where I groom you, I make you invisible to a channel. It means I'm never going
139 |138 |00:13:29 ~-~-> 00:13:34 |to see your comment anymore. Listen to me here, okay, because your time with me
140 |139 |00:13:34 ~-~-> 00:13:38 |learning will be greatly increased and be much more fruitful if you listen to
141 |140 |00:13:38 ~-~-> 00:13:45 |what I'm going to say daily chart of the US, 100 Okay. Same thing happening here.
142 |141 |00:13:45 ~-~-> 00:13:54 |This is TGIF. Same thing, high and low, half, 40% 20% it had that much of a
143 |142 |00:13:54 ~-~-> 00:13:58 |retracement. But more specifically, first present the fair value gap. It
144 |143 |00:13:58 ~-~-> 00:14:03 |trades up into it. There, hits the quadrants, consequent encroachment sells
145 |144 |00:14:03 ~-~-> 00:14:08 |off the upper quadrant of Thursday's regular trading hours, opening range
146 |145 |00:14:08 ~-~-> 00:14:17 |gap, regular trading hours, opening range gap, high, consequent
147 |146 |00:14:17 ~-~-> 00:14:22 |encroachment. Lower quadrant and the low of the regular trading hours, opening
148 |147 |00:14:22 ~-~-> 00:14:30 |range gap below. And how am I getting those levels on us? 100 think about
149 |148 |00:14:30 ~-~-> 00:14:34 |pause the video and think about how I got those levels. Because there is no
150 |149 |00:14:35 ~-~-> 00:14:40 |greater trading hours for a CFD. I already taught this before, but you just
151 |150 |00:14:40 ~-~-> 00:14:45 |didn't listen. You don't listen, you don't you don't take notes. You're so
152 |151 |00:14:45 ~-~-> 00:14:48 |worried about what I'm going to teach new, but the things I'm jaw bending
153 |152 |00:14:48 ~-~-> 00:14:52 |about, that's the stuff where you're really learning. What you're doing is
154 |153 |00:14:52 ~-~-> 00:14:59 |you're going to be going into 4:14pm, Eastern Time, where that price is.
155 |154 |00:15:00 ~-~-> 00:15:05 |Annotate that with a line segment, like this one here the ray, and then label
156 |155 |00:15:05 ~-~-> 00:15:13 |that river. Trading hours, closing price for whatever day it is, okay, and when
157 |156 |00:15:13 ~-~-> 00:15:17 |you're creating it, you're creating it for the next trading day. So if you're
158 |157 |00:15:17 ~-~-> 00:15:22 |looking at it on 4:14pm, Eastern Time on a Wednesday, you're looking at a
159 |158 |00:15:22 ~-~-> 00:15:27 |Thursday opening range level. That's how you're going to define it. And then
160 |159 |00:15:27 ~-~-> 00:15:32 |you're going to wait until 930 eastern time the next morning, and when it opens
161 |160 |00:15:32 ~-~-> 00:15:35 |up. That's your other reference point. So between those two reference points,
162 |161 |00:15:35 ~-~-> 00:15:39 |that's going to be your regular trading hours, opening range gap high and low,
163 |162 |00:15:40 ~-~-> 00:15:44 |there won't be a gap. You're just simply just going to the one minute candlestick
164 |163 |00:15:45 ~-~-> 00:15:49 |for 9:30am Eastern Time and 4:14pm Eastern Time, and you're going to get
165 |164 |00:15:49 ~-~-> 00:15:54 |the same information that I'm showing you here, and it's the same thing that
166 |165 |00:15:54 ~-~-> 00:16:00 |I'm teaching with the futures market. Why are you complicating everything? And
167 |166 |00:16:00 ~-~-> 00:16:06 |you can see how we delivered down into the upper quadrant, just like I did in
168 |167 |00:16:06 ~-~-> 00:16:10 |the futures market. Calling it on X on Friday afternoon, we traded down into
169 |168 |00:16:10 ~-~-> 00:16:14 |the upper quadrant of the buy side and balance outside efficiency. And then it
170 |169 |00:16:14 ~-~-> 00:16:19 |came right back off that and trading right near the regular trading hours,
171 |170 |00:16:19 ~-~-> 00:16:25 |opening range gap low from Thursday's trading. Don't just discard the previous
172 |171 |00:16:25 ~-~-> 00:16:30 |day's opening range gaps. You're going to see that the algorithm is still using
173 |172 |00:16:30 ~-~-> 00:16:35 |them. And because this is going to track the real futures market, where is it
174 |173 |00:16:35 ~-~-> 00:16:39 |going to get its rhyme and reason for where it's going to go up and down, what
175 |174 |00:16:39 ~-~-> 00:16:51 |that futures market is doing? Right, folks, that's it for this one. Hope you
176 |175 |00:16:51 ~-~-> 00:16:55 |found it insightful until talk to you next time. I wish you good luck and good
177 |176 |00:16:55 ~-~-> 00:16:56 |trading.