Speaker A
All right, folks, welcome back. This is the ICT mentorship, free YouTube mentorship for 2022.
Free ICT mentorship covering E-mini S&P analysis, TradingView tips, market structure, and live stream training for 2022 traders.
Ask about this video. Answers come from its transcript only — with the timestamp, so you can check them.
Generated from the transcript and can be wrong — check the timestamp.
Key Takeaways
- Understanding order blocks and liquidity zones is crucial for anticipating market moves.
- TradingView is a valuable tool for chart analysis, and community tips enhance learning.
- Live streams are educational only, with no live trading or trade recommendations provided.
- Market structure and price action analysis help build a trader’s mindset and decision framework.
- Always observe and take notes rather than act impulsively on mentorship content.
What the video covers
- Introduction to the ICT mentorship program focusing on E-mini S&P June 2022 contract analysis.
- Explanation of bearish order blocks, seasonal tendencies, and liquidity draws in the market.
- Use of TradingView platform for chart analysis with tips and community engagement encouraged.
- Emphasis on learning to identify order blocks, entry points, and market direction through tape reading.
- Announcement of live streams in May for intraday chart analysis without trade recommendations.
- Guidelines for live stream conduct including no chat interaction to maintain focus.
- Detailed walkthrough of price action, imbalances, gaps, and volume concentration on various timeframes.
- Discussion on market structure shifts, fair value gaps, and risk-off market behavior linked to dollar strength.
- Advice on using TradingView tools like magnet icons and trend line adjustments for precise analysis.
- Caution against taking mentorship commentary as trade advice and encouragement to observe and learn.
Chapters
- 00:00Introduction to ICT Mentorship and Market Overview
- 02:51Training Yourself and Live Stream Announcement
- 05:28Live Stream Conduct and Schedule Details
- 08:49Price Action and Liquidity Analysis on Charts
- 12:23Market Open and Intraday Price Behavior
- 22:23Market Structure Shifts and Fair Value Gaps
- 28:13TradingView Platform Tips and Tools
- 31:29Entry Techniques and Risk Management Advice
Full Transcript — Download SRT & Markdown
Speaker A
I hope you're doing well. I hope you had a wonderful opportunity to study and learn this week and keep up with the lessons. So, we are looking at the E-mini S&P daily chart. This is the June delivery contract month for 2022, and I want to kind of bring you back up to speed on what we were looking for over the last weeks or month or so. Remember back here, we had that bearish order block. I outlined that as
Speaker A
an area to watch, and we're entering a seasonal tendency, so we're going to be expecting lower prices. We got lower prices. I showed you the relationship between the dollar because it's risk-off, so we have all the decline
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taking place in the equities markets. And I said that we would be likely to draw down into this relative equal low. So, I'm going to kind of do things in the TradingView platform so that way some of you folks that are
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asking questions in the comment section like, "How do I do this and where is this on the platform?" Admittedly, most everything I know about TradingView, my own students have taught me. So, there's going to be a comment posted and pinned by
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me underneath this video. It'll be TradingView tips. Okay, if you have a tip that you want to share with the viewers that are new to TradingView, please, by all means, just make a post and outline it as best you can. I'm sure
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they'll be well received. I might even learn something too. All right, so we're looking at how the market did, in fact, trade down into our relative equal lows. So, this was the draw on liquidity. Okay, now when I train my students and when new
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students come to me, the first thing they want to know is how to pick the right order block because they know it's one of my concepts. They want to know, you know, which is the entry candle, what's the entry point,
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where do I get in at? Okay, and that's the easiest thing out of all the learning. Okay, once you understand what the market's likely to do, where it's going to draw to, okay, where is it going, why should it get there?
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Okay, if you do the majority of your studying and watching the tape, okay, reading the tape, which is kind of what I'm going to outline and showcase in the live streams in May. Uh, just before I get any further in this
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conversation, the live streams will only be in May. I'm not trying to make an ongoing thing of this. I don't want to promise you, you know, an ongoing thing, but I am going to showcase some things in live sessions that way you can see
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how to train yourself to look for these things. Okay, I will not be giving you trade recommendations. Okay, I will not be entering trades in front of you. I'm going to be outlining basically what you saw me do
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in this mentorship, outlining where this is going to go, and it went there. I'm going to be doing that with intraday charts. Okay, and I'm going to point out certain areas to study, watch how price reacts right here, and look for this type of thing to occur
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here because I want you to understand what it's doing, why it is likely to do what I'm going to outline. Okay, the best thing that can happen is for me to get it wrong sometimes. Okay, so that way it'll disarm you.
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It'll feel like, okay, well, you know, if I don't get it right, ICT himself didn't get it right here or there. Okay, so I'm going to do my best, obviously, to try to educate you and show you what I think
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is going to happen, but invariably there are instances it's going to creep in, it's not going to be accurate. Okay, I'm going to read it wrong, and it's fine. Do not, do not take what I'm saying in my commentaries
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and or my opinions over the chart that's going to be live. Don't take that as trade advice. Do not take a trade, and I'm going to say this every single time I do the live stream: don't act on it because you don't know
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what I'm doing, you don't know what I'm viewing, you don't know what I'm trying to teach you, none of that. Okay, so you want to sit still and just observe and take notes. They will be recorded. They will be on the YouTube channel for
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those individuals that are not going to be able to be present. When will those live streams take place? There will be a New York session between, I think I'll start around eight o'clock in the morning, so that way we can
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get the chart set up. I'll give you my views overnight, what took place, and what I think that cannot counter may present, and kind of build the mindset. I will not be talking in the chat room. Okay, the little chat thing on the side,
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you know, you guys will be saying whatever you want to say. I don't care. I'm not going to be looking at that because it'll be a distraction. The agenda that I have for that particular day, it would be very
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distracting for me to read comments and questions, and because I know your question is important to you, all of you, no matter how simple it may be, I'll feel compelled to want to answer everything that flashes across the
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screen, and it'll disrupt my concentration. So, I won't be looking at the chat. Okay, I'm not ignoring everybody for the sake of being rude. I'm just ignoring everybody so I can stay on task. Okay, so there's that. But we'll begin around eight o'clock in
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the morning, and we'll close it, you know, whenever I feel the need to do so, but I'll be willing to go up to 10:30, 11 o'clock, okay, which is a very long, long session. I know they may not all go that way. I won't be
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doing it every day either, so it'll be a hand-picked, selected day in advance that you'll know about, and I'll post it on the community tab on my YouTube channel. Okay, all right, with all that stuff out of the
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way, let's get back into the nitty-gritty here. So, I outlined this area here in this low, and I said this would be the draw on liquidity. So, when you're on TradingView over here, there's a little segment where you can have
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a choice of certain things. Now, you can do this so it looks like this is your bullseye where the market's going to draw to. You're aiming for that, in other words, or you can use the little magnet icon. I
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teach with that analogy like up here, imagine a, you know, a magnet of some kind down here, and price is going to be drawn down to that level here. So, this is where the liquidity was, and they tapped into it today.
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All right, you knew about it up here. You knew about the order block up here. You knew about the seasonal tendency on that line, and we have this really nice decline here. So, I want to take you into the
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marketplace and strip this down a little bit and give you some more details. So, we're going to the hourly chart. This is why I do PowerPoint slides. It's really easy to get to where I wanted to be. All right, so we had a run
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here yesterday, just kept pumping higher, higher, higher, just fell short of this high, and then, so we had a decline and then the normal pause and then gapped it down, then rallied it back up. So, between this candle's low
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and this candle's opening, right in here, that's an imbalance coupled with an actual gap. So, I want you to take a look at that. Okay, now we have this candle here, small little piece of that one here, this one, this one, this one, and this one.
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They go just above that area here. This is permissible price action. In other words, this is something you have to get used to. Okay, look at the bodies of the candle. See how they're staying inside of that imbalance?
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It reaches for liquidity and stops on these wicks, but the bulk of the volume is being held inside this imbalance. Notice that. So now we have the market release go to the downside, and then here is nine o'clock in the morning.
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I want to go into 8:30 actually. Let's go down to a 15-minute chart. So, here's 9:30, that opening price here at 9:30. What's actually happening is the equities are opening up. The stock market starts trading. That's when you hear the
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bell ding ding, you know, suddenly everybody's clapping their hands on TV, whatever. That's what's occurring here. It's opening, so it's running a short-term high right here and then breaks lower, creates an imbalance here. So, on the 15-minute time frame, what do
Speaker A
we see? Did it take a high out? Yes. Did it break below low? Yes. Was it displ—
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we see did it take a high out yes did it break below low yes was it displacement yes it was energetic did we trade back up into it here yes so in here you could be a seller and get in sync with the run to try to
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get positioned for if you are a swing trader or short term trader this could be your entry and an aim for that old relative equal law which is that blue line here remember the two equal lows on the daily chart i drew a line on that's
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what this is here okay and it ran down into it today at 8 30 right there we're using the opening price did price trade above it yes it's in a premium it's above an old high that makes it a
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premium too i saw i believe it was a young lady and i apologize i don't recall and i didn't make a note of your name so please don't be offended but i know i saw it where it was saying something to
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the effect that you don't understand how it could be in a premium because it's above an old high any time the market trades above an old high that is a short-term premium because it's going into liquidity any time the market trades below
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an old low that's a discount okay now just like the purposes of what people use overbought oversold indicators things can be overbought and still go higher things can be oversold or in a discount and keep going lower okay see that's why
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i'm suggesting that when people are studying price they can't just assume that an indicator is overbought so therefore it's a good sell or a shorting opportunity it's not always but if you understand the narrative within market structure market structure
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is not the answer it helps you frame an idea but the idea must be in alignment with the present narrative narrative is why should the market go where you think it's going to go on that particular day based on the climate the economic
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calendar events and the volatility that's being offered for that particular trading session or day so these are all things that you're going to need to study and i teach on this youtube channel and i'll teach a little bit more when we're doing a live
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session because it'll be more practical then so that way you're over my shoulder you're looking at it just like i'm looking at it and i'll give you my internal dialogue and kind of like what i'm thinking that is the most salient at the moment
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so that way your attention is on the right things at the right time but power three which is the open rally up or manipulation creating the high and then the movement lower and then distribute their shorts below an area where there would be stops so
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smart money would be selling short the buy stops here writing this out and an offloading their shorts to sell stops below those relative equal lows remember when we see those relative equal lows on the daily chart traders are going to look at that as a
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breakout there's lots of traders out there that have long-term trend following systems and models and if it breaks below those areas they want to be short so that's going to flood the market with what market orders to sell at the market
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well that's a perfect counterpart to smart money being short up here because they want to buy it at a lower price and while up here they're aiming down here is it hard to believe that when we were already outlining that last week
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in the week before no we have visibility we have the ability to forecast certain things that should repeat if the algorithm is in fact in control and we understand what the algorithm is doing and i'm suggesting that my experience
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should indicate that we have that does it deliver here it is okay so you're taking the logic of certain principles and concepts and blending them with market structure we're looking for lower prices it should reach for a specific low but also how does the
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present narrative allow for engagement with the daily range or power three everything i've taught you so it's the open rally smart money enters near the high today above the opening and they get out down here at an important low
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and the market closes near the level of the day let's go into a five-minute chart one two relative equal highs you see that now if you're looking at the lower time frame charts let me get this off here
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because it's no longer useful if you're looking at that like that here's the opening price you know there's what resting above that buy side so buy stops or buy sell liquidity is resting here so it can run up
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and just to the left of that also you see these highs here they're real close to one another too so for good measure they might want to come up here and clean that out this is a little too much i think it's
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too rich for the expectation to get to that high but in here is reasonable but here at least okay mark punches up through yes it does take those out then it breaks down comes one more time back above the opening price and then
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gives up the ghost and aggressively runs for the sell side below here now for some of you that would be enough getting short up here buying it back below the lows and being done and walking away there's nothing wrong with that if
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that's your model but we're going to take a closer look inside of this area here and see what we see all right let's drop down into i'm just gonna go right to the one minute chart just to save time
Speaker A
all right so we have in this area where the market ran above those relative equal highs here they are here the market runs up then it breaks down right here see that right there that's a swing low breaks below it was it displacement yes
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does it mark come back up into this little area here yes is it about the opening price yes is that enough sure it is you can be short there you have to weather this one more run up into your
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entry and you may have a little bit of a down but your stop loss if you're entering in this fair value got your stop has to be above the very minimum the candle that creates the fair value gap that's here so your style
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is going to be above that for good measure you know conservative up here oh but ict that's a lot that's a big stop well look how volatile it is you want to be knocked out of the trade prematurely
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or are you just concerned about making the maximum amount of money on your trade dismissing the level of risk that's what gamblers do i'm not trying to teach gambling so when you're practicing on your demo account keep that in mind that way
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you're not trying to overextend yourself the sell side below these lows in here after it hits the fairway you got here and one more time into it well the opening price it breaks lower and aggressively runs below here so not
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a bad little run there let's go back up to a five minute chart okay and we're gonna go look at the afternoon session here is 1 135 and i remember i stated at around 1 30 that's when i like to go
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back in now i've taken trades earlier than that but i'd like to see 1 30.
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after 1 30 the lunch hour has been smoothed out and then there's usually some kind of a retracement higher when it's bearish or retracement lower when it's bullish and you're seeing that here the imbalance relative equal highs it runs up into that right there that's
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an area you can get short on market delivers a run lower here's another little fair value gap in there it runs up into that that's a short aiming for what that line here that's that relative equal low on the daily chart
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so today huge huge opportunity day lots of points that could have been uh made available but i did something this morning showing everyone kind of like what reading the tape examples will be like when i'm doing the live session
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i did some executions just to prove visibility to prove i was expecting a certain run and i believe i was on nasa yeah i was in the nasdaq so let's go over to nasdaq okay that's in here so we're going to zoom in here on this
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bit of business all right and here is what i had in mind when i was looking at the chart woke up this morning my wife is out of town with my daughter so i woke up and just because you know creature habit
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your spouse ain't next to you so i had insomnia so i sat up and i was looking at the charts and said well you know what i see well let me ask you what you see before i do it okay
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what gave me the backdrop for all this in here which i'll explain in detail in a moment but what gave me the realization that this is likely to turn here and go lower studied the entire fractal that's being
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shown okay pause the video some of you just refuse i'm never going to do it i see steve stop asking me to do it all right so we had this high here we ran above it and then we had the market shift so buy
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stops taken breakout artist taking in on the market long and then relative equal lows broken so we have a shift in market structure on a five-minute chart in a time when it's bearish we're looking for those relative equal lows to
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be tagged on the s p and this is not the s p i understand that but the expectation is we want to see these two indices go down on the daily chart so heaviness should be the you know the
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protocol going into our trading day in here we have what displacement below these lows so there's a lot of energy there so right above that what do we have fair value got oh there's one right here too right what did i teach you
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this is where you do your entry but i t you didn't enter here right i wasn't looking at the chart yet i'll get to that he's in my mind he can read my mind this fair value got here
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we expect that to stab up into it so our stop has to at least be in a position where it can weather that so what does that mean that means that you have to either have deep pockets and allow for your
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stop-loss to be inside this here or you use the micros which is fine um i don't want to do a micro man i want to be in there 20 per point okay but you have to have an account that
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will allow for that if you don't have that then trade the micro but i don't want to do that okay gamble but not because i taught you to do that so here is the order flow inside of that fair value gap
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here again a little bit of extra runs above into that fair but you got there i'll put another rectangle so you can get a visual representation of what i mean by that i mean you can clearly see it
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obviously but i want you to just see it by contrast see this is the rules this is why i've been teaching you okay if there is only one fair value you got then you just put your entry there and you don't expect it to
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go up into any deeper retracement but because it has another one here expect it to stab up into that now i know some of you in here want to be an ict junior and you want to be in there
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on the highest candle when you're selling you want to be on the lowest camera when you're buying and i understand but this isn't always going to happen so if you're really only trying to aim for that you're going to miss moves and
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if it moves like it did today that's that's a heartbreaker because it moved a lot and if you weren't positioned in it and you spent the rest of the day kicking yourself without being greedy about trying to get that instead of
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where i've already taught you you'll probably miss the other moves that take place later in the afternoon and you get nothing for the day all right so anyway so we had a shift in market structure we move up into a fair value gap here
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and we have a break lower fair value gap here relative equal lows now look real close folks okay relative equal lows a high being taken here we break down these two candles move right below here that's the same thing as these two
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candles here being broken with this move here it's a fractal this whole move here is the same thing here just smaller and it creates the same thing the fair value gap here the market trades up into it the body's kind of
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exp you know respecting that little area moves a little bit above it that's fine but then breaks aggressively lower does it take out the low yet no retraces up in now i have two okay not one i have two
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narratives in play this one here where we have a shift in market structure there so this is a long term high here we have another break lower it would imbalance so it's an enemy term high this is a bigger one than that one right
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so this is a long term high intermediate term high by definition they're both enemy and term highs because they have imbalances but this one is lower than this one and this over here is lower than that one so this is a
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turning point making this by the hierarchy of swing points and marker structure this is a long term high energy term intermediate term because of the imbalance but how they nest together for market structure long-term immediate term now when this is retracing up this is
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going to be a short-term high inside of a market structure that is really predisposed to go lower because we have long term and intermittent term above me this should respect the underlying order flow and go lower and i'm looking for that lower price
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that's below here there's cell stops resting below that so as it retraces back up into this up closed candle what is this up close candle pay a shorter block that's not what you've been teaching this michael on this model right
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i didn't say that's what this was i'm telling you how to read the tape okay but i do teach order blocks on the channel so we're gonna go into this right here so inside this shaded area this is what
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i'm going to be executing in not what that color i am okay that's good enough may not be your choice but it's mine now all right so we're going to drop into a one minute chart every time i do this i always imagine
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somebody that has a little bit better understanding how to work with the tradingview platform they probably have a whole lot easier quicker way of getting to where i'm trying to get to sorry all right so we're inside of that blue shaded area
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on the five-minute chart i'm also inside of this green candle here that's a bullish order block so what i'm doing is now i'm going to calibrate which just meant simply means i'm going to go down and with a top down analysis approach refine
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that order block that was on a five minute down to this one so the market retreats back up into here into that order block and i'm i'm trying to aim once it hits the midpoint of it i want to get in around that time
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okay so i'm entering there on that candle and then i'm holding in all this and it drops back down now some of you might look at this and say oh but this is that order block fair value gap here
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and what happens if it rallies well it does a little bit but what's it subordinate to all the things i outlined over here and on the five minute chart over here with a higher swing high so the market structure is
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bearish i'm not looking at this setup this is why i'm telling you i tell this all the time okay is me teaching my order block theory me teaching my fair value got concept is it going to become ineffective
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no because number one it takes a lot of discipline you have to be absolutely organized you have to know what you're doing and that's why a lot of people just teach it from hindsight because they can't really they can't really do it
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so you can sound real smart you can sound real educated and in you know institutional quote unquote but if they can't do it it's useless so if i'm showing you these things and i'm telling you also look around majority of
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the people that parrot what i teach that means they're mimicking by saying what is i already said like an echo but they're really not doing it they're not doing it like i'm able to do with it that should be your comfort
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that people by far and large humans are lazy creatures okay they're lazy and they're not going to be predominantly rule-based disciplined responsible they're gonna be lazy and they're not gonna do what's supposed to be done so it won't change anything
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okay it won't make these things inferior it won't change their superiority it will not make them ineffective they will remain constant now the algorithm i don't care how many people learn from this youtube channel okay i don't care
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how many people rip me off and try to rebrand and change the name of everything i've taught all of that saturation will not change because what i just said the algorithm isn't going to change there's new suckers coming in all the
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time pt barnum said it really really accurately there's a sucker born every second so they're you're never going to run out of liquidity somebody's born somebody gets old enough to start speculating and trading boom they're in the marketplace and that
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liquidity will just add to the liquidity that will be on the other side of your tree so there's no reason for you to be worrying about whether or not this is going to be in effect i've been teaching
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this for a long time okay privately and listen if i honestly believed in my heart of hearts that this would fail and stop working if i taught it i would not teach it i wouldn't i would have never even
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mentioned it and i'm being honest so take heart there's no reason for you to be upset about or worried or concerned it will remain as long as those markets are trading these elements will be in these markets there it is
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all right so the market rallies up it's stats above the order block here but it's just the wick see that the bulk of the volume and the bodies of the candles are inside that order block then the market does what it breaks
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and shows displacement here remember what i said about this pattern here relative equal lows it breaks down and it goes back to a fair value got here it is again relative equal lows displacement fair value got what does it do go right
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back up into what the fair value got end and look closely at the bottom of the bearish shoulder block see that bam hits it you watch me looking at the chart it's there and then i'm entering on that
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candle i'm not entering it because i wasn't really looking at the screen it's a second when i was i was holding the phone this morning but i wasn't looking at it here because this is a one-minute chart and i was doing
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something else and when i looked back at the screen i seen it went up there and hit it and after it filled it then i put my market over to go in and sell two i sold three contracts here
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i sold two contracts here and then i entered again here after it did what retraded back up into this bearish order block here so it moved down came back up in and i'm selling short here there okay what's the low on that candle
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right here look at this figure right there so 13 334 and three quarters and my entry as it ran up into it on this candle the entry was thirteen thousand three thirty five so it was only a quarter of a point
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above into that candle that was my entry it had a little bit of heat here so on that entry it was one contract here so notice what i'm doing i'm entering at the largest portion of the setup or you know the framework for
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the trade i'm going in with my maximum position size first three contracts there then selling two here and then i'm adding the last one here at logical precise areas it's not randomness it's not willy-nilly it's this not flipping a coin it's not
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guessing there's logic here okay so when the market has this heat on it here the highest value that candle goes to is thirteen thousand three hundred and thirty nine and a half so four and a half handles that's the heat i took on
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that there but only on one contract okay because i have two contracts that i'm short from back here and i have three contracts short from over here so i have all this built in equity with five contracts so the one contract here
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that only has four and a half points of heat on it or draw down it's insignificant i don't even worry about i'm not thinking about it and that's why i when i pyramid and i build in large positions i'm starting with my biggest
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position first and then i'm going smaller and smaller until i can't do any smaller i don't ever do the final one contract and do one more and one more and one more i don't do that that's i don't need to do that so
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once i had that position established then i submitted to the idea of it going down to that level that i drew out on the i forgot what time frame was now but we'll draw back out in a second but here is the exit here i
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bought all six back at 13285 even i want to be just above the level because it might do these little shallow runs and it might not give me my fill it does a little bit of that in here
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and then finally digs a little bit deeper i just thought i had to wait a little bit longer to get the fill but it happened right there and i posted on the community tab when it happened boom and
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showed you the little screenshot there it is now that's reading the tape that is reading the market that's getting familiar with order flow and for those of you that are students of mine for a longer time than just
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recently you recognize this as a market maker cell model so i was selling in an area where distribution would take place so all this stuff is there it's logic i'm going to say this point because i know there's people out there
Speaker A
going through my trade statements and you're looking for precision uh there's a lot of things that i'm doing in that state in those statements that have nothing to do with trying to be precise you guys wanted to see an
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account go up i i provided that i also provided a way for my students they were asking me that i'm obligated to to show them where if they went into a period of drawdown how they fix it and
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also had lots of questions like and i did it this morning with let me see where was the entry yet the second one where i did two contracts right there okay when i did that one it was after i did
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the or was it let me go back and well does that make a difference the one where i had the fair value gap i said i didn't see it when it was forming and filling it in after it filled it it was still close to
Speaker A
it so it was a close proximity entry a lot of the trades in that td ameritrade account i'm using close proximity entries and i'm also using things that you don't know about okay i'm also proving to some of my students where if
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they got into a marketplace and they take a trade and they don't get stopped out but they sit through draw down how the weather that you are not privy to the conversations i'm having with these students so don't
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assume that you're looking at those statements thinking oh this is this is all he's got that's not all i got i'm actually doing something else i hear somebody out there talking saying they can do things and i can't trade and i'm baiting them
Speaker A
i want them to step out but they won't okay i want them to think that that's all i could do and even then they wouldn't butts because he knows i can do better than that this is this is not even the best there's other
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things you can do with my concepts right from this youtube channel that's more precise than this i know it sounds hard to believe but it is what it is i don't want those statements that i was sharing because like everything else of mine
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people take my stuff remove my name rebrand it and they say you know this is my stuff this is my creation this is whatever and they sell and they scam if i give statements that have real time and sales with live
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account and i'm producing like you see here is it hard to imagine someone taking that and showing it to people and saying that's their results and scamming them think about it folks everything i do there's a rhyming reason
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for it i'm not reacting to someone else's negative discord so today this is the last bit of business here and we're done so i did all this overnight going into a pre-new york session then we had all this back and forth
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they pumped it up over the overnight high here and then we go back into that discussion we had earlier so they ran the high here with this run up and at 9 30 that's when we expect that volatility to come in and that's right
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here okay so a little bit of whipsaw in here boom rallies in my live trading account i took a long in here and i got out at uh i think it was 13 409 i wanted 13 4 25
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but i was a little apprehensive thinking that they may not stab through it they were getting real close to it and it's hung around and i got out just a little bit prematurely and that was it and i didn't
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take anything until later on the afternoon so a small little scalp in here made about 740 bucks i think it was and uh that was it my attention diverted because i'm mr mom right now not my wife's not
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with me and the two children i have that live with us still i'm in charge of homeschooling them still and running this business and i have two boxers that are highly demanding of my time and i know some of you are saying get to the point
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get your point the point is i'm a real person okay so i'm not able to be in every single move because i'm doing other things and i have a life i know it seems like i probably don't but i really
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do and as introverted as it is and is as simple as it is i love my life and i like doing the things i like doing in my life but the markets are not everything in my life but hopefully you got something out of
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this and you can see how we did again uh draw lower on nasdaq and i think that will be it for this one i'm going to go back to e-minis to p and you can see your relationship there
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so both of them moving in concert both of them moving in tandem but look closer okay this is why i went back to the e-mini s p why'd you do that ict do you see that look at the high here at uh
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two o'clock in the morning 2 30 in the morning today friday april 29th 2022.
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the rally here after 8 30 it creates the high but it's lower than the high it took 2 30 overnight i'll go back to nasdaq see that 235 and we have a higher run on nasdaq so this is what i teach is smt okay
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it's showing it's showing a willingness to correct the correlation between like markets these are closely correlated assets the s p 500 stocks composite and in nasdaq 100 stocks composite they generally move together in tandem not all the time
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so if we're bearish and we're expecting lower prices and we see this but the s p doesn't do it that's showing you that this is a stop run and it shows that s p is really weak so this gives you confirmation
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without using an indicator okay without having anything on the chart it shows you oh well let me just do it here when you have the nas back up like this you can do a comparing contrast by hitting this
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little tab here and we're going to add this e-mini s p new pane so it plots it below and then if you're comparing highs you want to go over here good little gear price source you want to change that to
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high and you can see high to high high to high higher here lower there so it looks like it looks like a divergence you see that with an indicator but it's not an indicator it's price so i use intermarket relationships and
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correlation and correlation used properly there's a lot of people that are talking about correlation they have no idea what they're talking about but if you look at the idea of this relationship here it gives you like an x-ray view of real
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accumulation and distribution this is distribution because it doesn't see the same rally higher that the nasdaq did okay there was two other things on my agenda here i mentioned to one of the young ladies i would show the fib
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this is nothing else so you guys are all welcome to turn the video off because this is not going to be teaching really anything it's for those individuals that just want to calibrate their fibonacci and also some of the little
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points that i add to the chart and i'll show you how that means here price note had someone asked me how do i put those little annotations on um just anchor to the high you want drag it over if you hold down the shift
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button it'll make it level you can also do that with your trend lines so if you want to add here if you start dragging it if you put the shift button it'll automatically toggle it and keep it straight
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and so many of my students were so helpful because it used to drive me crazy so anyway i know i told you i warned you folks it's not going to be arm burners it's simple stuff for people that are new all right um the last bit
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of business is the fibonacci okay so i'm going to anchor your fib to two price points me get this off here all right so once you have it on your chart highlight it and then go over to the
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little gear and go to style and style these are the settings okay all you do is go in click the little box here type in the numbers you see just like i have here now if you want to see projections on
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how far down or up the moose will likely go this is for equilibrium so if you want to see discount the premium that's what the 0.5 level is it's 50 and you can see by having this on here it starts doing
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standard deviations okay and if you want to calibrate it to the daily range here it'll give you a pretty good idea of where your low should form now this was a little bit excited because it went below an important low
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but that's enough for government work if you want to show optimal trade entry levels and you're pulling the fill up i'm just taking this off so that way your attention is right on the levels that make up optimal trade trade entry
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rather the 62 and the 79 okay and you can change these make them a different color to stand out i don't like to do that but you can see it here so if we were looking at it like this
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here's the optimal trade entry levels and it trades up into it here let me zoom in can you zoom in itt i young like you are all right so here's the high to the low optimal trade entry and trades up into
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it here and into the fair value got bam that's what makes it optimal so there's your entry here and you can start going back in and we can do the projections here again go into it now move this out of the way
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do one standard deviation two standard deviation one half standard deviation and i think that's enough for this one so the range from the high and the low you can get that for your discount the premium but for optimal
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trade entry i like to use the bodies lowest open or close in the swings and you can see how nice that gets right up almost into the 79 percent tracing let me see that i'm going to take this sphere there you go
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line off you can see how yeah it cleans it up are you saying what the book say is you don't know how to use a fibonacci you have any idea how many people have said that over the years they actually
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made videos about me on youtube saying that stuff look at this i don't understand what he's doing it's the bulk of the volume i'm using the lowest opening on this candle here inside this swing and inside this swing i'm using the
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highest open or close and that's what's being plotted on optimal trade entries here i look at this as stop running just like this is i want to get to the heart of the matter okay i'm getting to the point
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this is extra for the people that didn't want to stay so the optimal trade entry level here now if we start looking at the projections down here we have one standard deviation down here project up over here boom
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see that hits it and then we have a nice retracement up so this is a good area to take profits here and it's also below the low so how far can i go below this low ict well there's a standard deviation right there
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and it does so handsomely then we have a nice little retracement then it gets wild right before the opening okay but that's the things i promised it would be at the end of this video that was supposed to be on thursday and i
Speaker A
appreciate you guys being you know patient not going all crazy in pitchfork and you know torches you said you were gonna do a video on thursday real life kicked in folks all right and i think that my friends is going to be
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it and i will touch base with you lord willing on tuesday of next week until i'll talk to you then enjoy weekend and be safe
Topics:ICT mentorshipE-mini S&PTradingView tipsorder blocksliquiditymarket structureintraday tradingprice actionlive stream trading educationrisk-off market
