Speaker A
All right, folks, welcome back to our continuing series on the 2022 Free ICT Mentorship on YouTube. We're looking at the e-mini S&P June contract for 2022 daily chart.
Learn intraday profiles, daily range, and bias management using the e-mini S&P June 2022 contract in this ICT mentorship video.
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
- Use intraday profiles and liquidity concepts to anticipate price targets and market direction.
- Manage and adapt trading bias dynamically based on observed price action and volatility shifts.
- Fair value gaps and relative equal lows/highs are critical levels for understanding market structure.
- Trust your own analysis and price action reading rather than relying on external opinions or indicators alone.
- Understanding the narrative and logic behind price movements is essential for successful trading.
What the video covers
- The video analyzes the e-mini S&P June 2022 daily chart focusing on intraday profiles and daily range concepts.
- It explains how to identify liquidity levels, fair value gaps, and market structure shifts to predict price movements.
- The instructor discusses managing and changing trading bias based on price action rather than relying solely on indicators.
- The video compares the present teaching approach with other educators like Chris Laurie, highlighting differences in methodology.
- Detailed examples are given on how to read market behavior during the New York lunch hour and afternoon session.
- The importance of understanding algorithmic price delivery and narrative behind price action is emphasized.
- The video includes practical insights on tape reading, demo trading, and recognizing high probability setups.
- It stresses the significance of trusting one’s own analysis over external opinions on social media.
- The mentorship covers how to use intraday volatility shifts to anticipate market trends and reversals.
- The content provides a framework for traders to identify when to act, when to remain sidelined, and how to adapt to changing market conditions.
Chapters
- 00:00Introduction and Overview of e-mini S&P June 2022 Daily Chart
- 03:14Expectations of Higher Prices and Intraday Volatility Shift
- 06:37Author’s Unique Concepts and Price Delivery Understanding
- 09:34Key Levels: Previous Day’s High and Fair Value Gap
- 12:11Market Structure and Algorithmic Price Behavior
- 14:56Managing Bias and Trading Narrative
- 20:49Afternoon Session Setup and Price Swing Analysis
- 26:00Practical Trading Insights and Mentorship Summary
Full Transcript — Download SRT & Markdown
Speaker A
range and we're going to be using this idea here so initially on twitter if you were following me on that platform and i mentioned how i was going to start the day looking for a potential run to 40-70
Speaker A
All right, so I'm going to teach you a little bit about intraday profiles and daily range, and we're going to be using this idea here.
Speaker A
here then today one more time you shoot it into it left these relative equal lows in place and then started to move higher i took everybody's attention to previous days high and this high here and if this continues to go higher
Speaker A
So initially, on Twitter, if you were following me on that platform, I mentioned how I was going to start the day looking for a potential run to 40-70.
Speaker A
right here and here is enough okay so we're expecting higher prices after this shift in intraday volatility so we'll look at that now going into lower time frames all right here's the hourly chart you can see how we
Speaker A
Okay, so 40-70 was my initial draw on liquidity to see if people want to reach down into that level. If you look in this area here, that's my fair value gap, and you can see we traded down into it.
Speaker A
the model i'm teaching you so i used the intraday volatility and the framework to kind of like teach it today a little bit more about bias how to change gears with your bias how to also manage your bias okay so
Speaker A
Here, then today one more time, you shoot it into it, left these relative equal lows in place, and then started to move higher. I took everybody's attention to the previous day's high and this high here, and if this continues to go higher.
Speaker A
didn't materialize okay so because i'm the author of these concepts i have a lot of tools at my disposal and i have a little bit better understanding of price delivery than the average student of mine so if i go
Speaker A
I mentioned this before. I can't recall what video, but I know I mentioned it in here. This is where we could potentially draw up to for our enemy term target, our objective, but I'm not cosigning that just yet.
Speaker A
applicable sometimes it's not applicable to reverse it just means moves or sidelines and just say i'm not going to do anything and what are the characteristics that would lead to a bias that is changed and how do you use
Speaker A
Right here and here is enough. Okay, so we're expecting higher prices after this shift in intraday volatility, so we'll look at that now going into lower time frames.
Speaker A
and this low was taken with that run so notice what we are seeing we're seeing multiple lows get taken and then the market reverses while offering really no high probability shorting opportunity the 4070 level never got tagged liquidity left in place
Speaker A
All right, here's the hourly chart. You can see how we
Speaker A
a draw on liquidity that takes it up in the air and maybe even run above these relative equal highs all right on the 15 minute time frame you can see how we just kept going lower than the previous lows
Speaker A
[Music]
Speaker A
trades down into it here okay one of the things i want to kind of bring to your attention because a lot of you are familiar with a gentleman by the name of chris laurie and he talks about liquidity voids where
Speaker A
did not take these relative equal lows out. I want to see it go down there. That's what I was looking forward to try to draw it into that. It didn't do it. It did not give a setup either based on
Speaker A
is not likely to occur most times okay so it's important to know where the market's reaching for and then look for these imbalances in price and then what makes it a fair value gap is the fact that it's coming down into
Speaker A
the model I'm teaching you. So I used the intraday volatility and the framework to kind of like teach it today a little bit more about bias, how to change gears with your bias, how to also manage your bias.
Speaker A
rebalance that's one of the main differentiations between me and chris laurie now i'm not knocking chris lord because i believe if you want to learn price action it's basic and goes beyond the average retail stuff then you can learn from him uh he's the
Speaker A
Okay, so initially in the beginning of the morning, I was looking for a potential run to 40-70. It gave an opportunity to tape read, quote unquote, paper trade, or even demo using the draw on liquidity, but the model itself
Speaker A
ask for anything i just think he's a generally nice guy okay so there you go but there is a stark contrast between what he does and what i do and how i teach so there's a there's a degree of
Speaker A
didn't materialize. Okay, so because I'm the author of these concepts, I have a lot of tools at my disposal, and I have a little bit better understanding of price delivery than the average student of mine. So if I go
Speaker A
the market likely to go to okay i'm not trying to teach you entry patterns with a importance that getting in in a specific price level is the most important factor i'm teaching you how to determine where the market's likely to go to next
Speaker A
in and I show you something in this lecture today, the main takeaways before I get into is this: what did I do and how do I go about abandoning a specific bias? How do I change gears if it is
Speaker A
all of the very complicated things that could very easily bog you down and you may feel like the things i'm teaching are complicated and i guess when you remove the idea of putting an indicator that says your overbought
Speaker A
applicable? Sometimes it's not applicable to reverse. It just means move or sidelines and just say I'm not going to do anything. And what are the characteristics that would lead to a bias that is changed, and how do you use
Speaker A
your bet or your gamble or your investment on what an indicator is saying versus reading price action and getting the logic behind what it's doing okay and that's narrative what is narrative narrative is the understanding of what price should do
Speaker A
that logic going forward and how to navigate the New York lunch hour? Okay, so we're going to tackle those topics in this video.
Speaker A
going to break it down for you i was looking for 40 70 today to see if it can get down outside the range of that daily fair value gap and we failed to do so and then the market
Speaker A
All right, so notice that we had this low here taken with this run, then this low was taken with this run,
Speaker A
you know calling somebody else or reaching out to somebody on a social media platform and ask them what do you think's happening i don't worry about anybody else's opinion you shouldn't worry about anybody else's opinion either you're going to learn how to trust
Speaker A
and this low was taken with that run. So notice what we are seeing: we're seeing multiple lows get taken and then the market reverses while offering really no high probability shorting opportunity. The 40-70 level never got tagged. Liquidity left in place.
Speaker A
repel higher and we take out this short short-term high that is enough to set up a stage for the afternoon trend okay that afternoon session move or set up or price swing that's what we're looking for now because the market failed to go to an
Speaker A
Okay, previous day's high, which is here, that high was not traded to. So we have a high of 41 68 and a quarter, then we have a fair value gap over here. So you have two premium areas that may be
Speaker A
we have an absolute market structure shift bullish with this swing high and the market comes back down in here and rebalances this very very yeah now i'm not looking at and this is where one of the instances where
Speaker A
a draw on liquidity that takes it up in the air and maybe even run above these relative equal highs.
Speaker A
resistance i'm looking at the fact that we went through this short term high created an imbalance and then we treated that into that now when we get in this area here i'm interested in looking at intermarket relationships i want to study real
Speaker A
All right, on the 15-minute time frame, you can see how we just kept going lower than the previous lows,
Speaker A
drop down i did real quick sudden move after i tweeted saying that my initial interest was 40 70 and it started drawing lower and then went one more time here at 10 after nine took out that short term low there and then started rallying
Speaker A
and then finally we had a run higher. So we had a short-term shift in market structure relative to the 15-minute time frame. Remember, that's our bellwether chart. So it runs higher, creates a fair value gap in here, and
Speaker A
15-minute chart this is where the work is required on your part in this price run from here to here on that 15-minute chart look at your chart and shade that in on a 15-minute time frame and then drop down into the five-minute
Speaker A
trades down into it here.
Speaker A
least not carrying over higher time frame analysis into your lower time frame you're gonna be trading blind you have no idea what you're looking for now i know what i'm looking for because i have multiple charts in front of me multiple
Speaker A
Okay, one of the things I want to kind of bring to your attention because a lot of you are familiar with a gentleman by the name of Chris Laurie, and he talks about liquidity voids where
Speaker A
the little arrows that show where i got in i show the price and you can see the partials along the way and the whole business okay so if you're not following me on twitter you don't need to follow me i'm not
Speaker A
he teaches how the market wants to come back down and fill all that area in. As you probably noticed, I don't teach that. I teach obviously there's times when that can occur, but because I understand the algorithm that
Speaker A
i'll do analysis or commentary without really seeing anything and i'll play music behind it because i'm having fun i'm enjoying myself hopefully you guys are here on twitter having fun with me if you're digging it and you're enjoying
Speaker A
is not likely to occur most times. Okay, so it's important to know where the market's reaching for and then look for these imbalances in price, and then what makes it a fair value gap is the fact that it's coming down into
Speaker A
and goes down into this imbalance right here now in that little stinger video i draw this little area out with a rectangle and i do a small little box up here okay and what that box is is if it goes down
Speaker A
this area here or inside this area here or this area here or this area here. So they're all fair value gaps. It's a fair value to buy it if you're bullish.
Speaker A
doing that stinger little vignette video in my twitter feed i'm drawing your attention here so when we go from this level here if it starts to rally up once it gets back up in that area again i'm going to take half the position off
Speaker A
Okay, I'm not trying to insist that these imbalances completely rebalance. That's one of the main differentiations between me and Chris Laurie. Now, I'm not knocking Chris Laurie because I believe if you want to learn price action, it's basic and goes beyond the average retail stuff, then you can learn from him. He's the
Speaker A
referring to and why it was there also if you scrub back over here you'll see it's an old area of bicep liquidity here and it's a fair value gap over there too okay so that little rectangle here is
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only one I really give a nod to in technical analysis and as far as education, and I send people there all the time. I don't have a relationship with him on a business level, and he doesn't give me any kickbacks. I don't
Speaker A
might be just a stop run and they're going one more time passing into that level so i want to make sure i get half my position off because i could be wrong like i was wrong about 40 70 didn't
Speaker A
ask for anything. I just think he's a generally nice guy. Okay, so there you go. But there is a stark contrast between what he does and what I do and how I teach. So there's a degree of
Speaker A
and we'll remember that 4168 and what price is that 41 68 and a quarter so that's our high that we're likely to draw to that's what i was kind of drawing everyone's attention to and i'll not add the annotations back
Speaker A
precision that is given to you when you understand the things I'm teaching you. It goes beyond simply imbalance rebounds. While that is important, there are times when that is a factor, but what I'm teaching you is where is
Speaker A
little vignette video and i want to talk a little bit about new york lunch okay i gave you rules of engagement when you're trading the afternoon session and primarily what i gave you for the model was a morning session idea but
Speaker A
the market likely to go to. Okay, I'm not trying to teach you entry patterns with an importance that getting in at a specific price level is the most important factor. I'm teaching you how to determine where the market's likely to go to next,
Speaker A
bullish market structure and order flow is bullish that means everything's going in one direction the market's obviously going higher on all time frames then that's in the easy trading scenario but we're inside that little trading range area on the daily chart last few
Speaker A
where's that draw on liquidity. Now, there's a lot of different ways that that is calculated on an institutional level, okay, and how it's determined. It's not buying selling pressure, okay, but it is algorithmic. So the easiest way for me to cut through
Speaker A
here that's that daily fair valuable so i've added it here for your edification notice that these lows here here this is lower than that one why is that important why am i drawing a distinction between those two well if you go and you
Speaker A
all of the very complicated things that could very easily bog you down, and you may feel like the things I'm teaching are complicated, and I guess when you remove the idea of putting an indicator that says you're overbought,
Speaker A
the lecture out but for now this is that five minute chart returning back into that 15 minute imbalance so that's there for your edification as well this is the opening price at midnight that's what that level is now i teach if we're bullish we want to
Speaker A
oversold, or crossing over two lines that gives you a buy or sell, you know, it's not, in my opinion, wisdom to exchange a decision, especially if you ever decide to do this with real money. It's not wise for you to determine
Speaker A
right here where it goes down shift the market structure come back down into a 15 minute time frame if everybody got this is intraday or day trading it is not the model i gave you where it is a
Speaker A
your bet or your gamble or your investment on what an indicator is saying versus reading price action and getting the logic behind what it's doing. Okay, and that's narrative. What is narrative? Narrative is the understanding of what price should do,
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minute chart and there it is now you can use that model that i gave you for entries and scalping you can use that as your entry criteria but with the logic and narrative that you're going to trade in
Speaker A
why, and what things will it encounter to prove that the narrative that you are assuming is in place is, in fact, underway. Now, that's a mouthful. I'm sure most of you probably didn't get much out of that, but I'm
Speaker A
the day it's forming it at 905 i'm sorry 9 10 new york local time it rallies up shift and market structure so it doesn't give me my objective but it gives me these clues here now whole time i'm i'm not tweeting to you i'm
Speaker A
going to break it down for you. I was looking for 40-70 today to see if it can get down outside the range of that daily fair value gap, and we failed to do so, and then the market
Speaker A
and then the market rallies up okay what i was looking for it didn't reach it and it didn't give me a setup did i lose any money did i take any kind of a a painful ego twist to my arm no
Speaker A
shifted higher. Now, the whole time I'm looking at the market, it's not giving me any kind of short. I'm not comfortable taking any kind of short, and all of a sudden the market does this. Okay, no panic, no I'm missing a move, no
Speaker A
did you lose no if you put some skin in the race and you tell the public what you think is going to happen it doesn't happen do you lose well it depends on what your audience's mentality is if they're looking for face
Speaker A
you know, calling somebody else or reaching out to somebody on a social media platform and ask them what do you think's happening. I don't worry about anybody else's opinion. You shouldn't worry about anybody else's opinion either. You're going to learn how to trust
Speaker A
nasdaq comparably and then we have the shift in market structure we treat it back down into the 15 minute fair value up here and then we rally once more once i saw that then i'm good to go i'm waiting for the afternoon
Speaker A
yourself. So we had created a fair value gap here on the 15-minute time frame, so right away that is your area to watch and see if price supports a run. If it digs into that and starts to
Speaker A
and then it drops down into the fair value gap starts to rally but look what it does it leaves these smooth relative equal highs and then does what drops once more below that short term low now think about what
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repel higher and we take out this short short-term high, that is enough to set up a stage for the afternoon trend. Okay, that afternoon session move or set up or price swing, that's what we're looking for now because the market failed to go to an
Speaker A
hour it'll drop down and sweep to sell stops or below some short term low or the lows made in lunch okay now watch what this does here it creates a low ahead of the lunch hour at noon then it drops down into the fairbank gap
Speaker A
objective we were looking for. It was respecting that daily fair value gap and it rallied up, and what is very valuable is that it began the video I showed you on the daily.
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retracement so if you can identify an area where it's likely to retrace and some of you asked on the twitter feed why am i measuring from here to here to get this versus this here to here well you have
Speaker A
to bring in what i'm trying to do i'm training the daily range i'm trying to get the majority or the alliance portion of the daily range so because i'm doing that i'm factoring in that midnight opening price so we've went
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above it here and once more so i'm not expecting it to go back down below here again so to refer to this low now again is pointless i'm going to use this one here for market structure so market structure
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swing low here to swing high that's my dealing range so that's why i outlined that one here okay and i gave you that small little rectangle here drawing my attention in there in the video here to go back what
Speaker A
i mentioned moments ago that that's an old imbalance and it may stall here it may fail here it may just consolidate and then run for previous days high you know on wednesday so i want to take half my trade off
Speaker A
which is what i which is basically what you saw me do but anyway it's taking out that short term low on a retracement but if it was consolidating into lunch i would look for the swing lows during the lunch hour
Speaker A
and then wait for it to drop down sweep them like it's doing here and then rally but because this is a retracement going into lunch that to me it signals that they're going to work through lunch what does that mean years ago when we
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were on the floor only open outcry sometimes the floor traders would know that the mark was in a hurry it's a fast market so they're not going off the floor they're going to stay busy on the floor and they're gonna be
Speaker A
trading so i learned this from an actual floor trader so i'm i'm not making it up i'm not you know listen you just giving you some kind of garbage made up or some contrived nonsense it's based on what they used to do
Speaker A
and that same mentality has been transferred into electronic trading so the algorithm does that same thing here during the lunch hour if it's a fast market it's retracing back down in to a random fair value gap it creates a short term
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low and then it runs the only short term low that's there from here to here this is too narrow we don't want that it's already moved too much and it's going into that hour ahead of lunch time noon
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to one new york local time so i want to see it retrace back down into a discount how is that done from that low to high so the algorithm reprices to a discount once it gets to here then it does what
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creates that short term low rallies a little bit leaves smooth highs in here so what is that they think that is resistance so anyone that's short they treat their stop loss here and drops one more time right below that
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short term level what's below that short term low i have already told you here cell stops so i'm thinking like smart money this is going to go higher in the afternoon i didn't take anything in here in the
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morning and i was not correct in where i thought it could reach for which is 40 70. if it would have went to 40 70 you know what i would have done said there's your 40-70 and you would have asked did
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you take a trade or the cynics would have said but you didn't take a trade that's not what i'm trying to teach you i'm not trying to teach you entries i'm teaching you the logic on how to read
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the markets that way once you get this skill set down the entries are the easiest thing to do they're that's the easiest thing to do but you have to know how to read the market and also tell when the market's
Speaker A
turning and what is if it's turning where's it gonna go and if it's gonna go higher where will setups form i showed you that today right on twitter right there in front of everybody now the market drops down into the sell
Speaker A
stops here and it's inside that fair value got and it's happening in the lunch hour now i had things i'd take care of and i was going to be away from the screens as i was and i didn't think i'd be back before
Speaker A
two o'clock but i was managing that trade from my cell phone and you can see that cell phone trade management in the short little vignette you can see the stops being raised and i'm taking partials along the way the whole business
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but as it's going up into this area here i'm taking some of the contracts off and i'm raising the stop loss up because i don't want it to come back down into that fair value gap again because what it done is once
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twice it should never come back down that again if it does i'm wrong and i don't want to be a part of that trade if i'm in a position that's still open or have a partial open from the original
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position after partials have been taken then i'm going to kill the trade and i'll move to the sidelines but the main thing i want you to understand about this is i'm not trading the model that i'm teaching on youtube and you're probably
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going to say well why don't you just trade the model michael why don't you just teach us how to use the model i am when the model speaks i'm going to show you but i'm also teaching you how
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you still learn to read price when the model isn't giving you a setup because every single market isn't going to give you that model's entry setup and framework every single day every single session and because i'm the author of these
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concepts i don't have a limitation to just that one so is it beneficial for you to have me say nothing when the model says nothing or is it beneficial for me to teach you how to read price action
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how to get in sync and learn how to change gears when the market shows you it's time to change gears i think that's a little bit better expectation on the part of a student with that of us a mentor that has the
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experience i'm trying to share with you so there's there's two camps that's going to be looking at this video and they're going to say he's not really good teacher because he's not focusing on the model when i'm telling you the model didn't do anything
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today in this index so what did i lean on my experience my ability and the concepts that are already taught in this youtube channel so one of the twitter followers mentioned today that uh can they use time frames outside of the one through
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five minute chart but use the same logic yes yes that's all i'm trying to do i'm trying to teach you a mindset that on the lowest time frame it gives you a lot of experience a lot of setups a lot
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of things to practice but don't limit yourself to that because there's so many other ways to trade using what i'm teaching you and you can scale it to whatever time frame and every whatever chart you want to use it
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on okay but you still have to understand what price is likely to do and where is it drawing to okay so let's talk a little bit about narrative when the market shifted here bullishly and it came back down into that 50
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minute time frame fair value and then rallied this right here told me that they want to set this up for a bullish run in the afternoon why go back to that daily chart remember we were inside this shaded area here that's the fair value
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gap did i did not shade when we were looking at the daily chart naked at the beginning of the video if you shade that on your own chart you'll see when you drop down the lower time frame five minute chart yours will
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look like this so it dips down into that lower end of that ferrari gap and it rallies trades back down into the 15 minute time frame fair value got which is what that is here then it rallies now right away in my
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mind this tells me that the algorithm is priming itself for an afternoon run to potentially previous day's high which is this level up here okay so from here right when it crossed over here i'm thinking okay it could
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potentially be running previous days high i don't know yet then when it drops down into here and then rallies from that then i know it now that's narrative okay by itself it doesn't mean go in here and buy it because hey the narrative says
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it's going to probably run to previous days high because i could see myself stopped out if i'm premature i want to see something that makes sense logically so that means do we see displacement yeah we do is that an energetic price run oh yeah
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it is then that low to that high i want to get that measurement for premium to discount and what do i want to wait for a discount so i measured from that low to that high in that short little vignette video on
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my twitter feed and 50 and went below that and that's the fair value gap so it trades down into here creates a short term low and then drops into it here now what happens if it went here and rallied okay well i
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would have missed a move but i'm looking for sell side liquidity i want to see a stop run because what that's doing and how this fits into narrative is if i'm thinking that this move here to here and then
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retracing down is setting up an afternoon run to potentially this level here by the close of the day i want to be like smart money and do what buy sell stops that is buying sell side liquidity my order
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as it's underneath here i fill right here i'm buying it on this candle right there i think you probably don't believe me i'm going to show you the candlesticks in a minute but i drop down into it i go
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long there and then i wait for it to rally up so it starts to rally up it consolidates a little bit in here and then to almost come out above this high and it creates a little small little
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consolidation and then pumps it through the old high and the 4140 level creates a short-term high rallies once more i draw a line on here because i want to see if price can be supported by that down closed candle
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that's an order block it trades through it and once it did that i mixed the trade okay i have taken a lot of the trade off through here and i'm also in an environment still inside that daily range
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of multiple days on the daily chart where it might not go to previous days high today so this might be it and it might need to use wednesday's trading so that was my thought process for closing the trading
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and protecting my stop loss which never would have been hit because the stock was below here but it came down closed in this very very gap rallied again this is an optimal trade entry once more pushing it higher but still did not hit
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the previous day's high now think about this folks think at the beginning of the day i tweeted public knowledge i want to see initially if it wants to make a run down the 40-70 okay and as soon as i tweeted it it was like
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off the races it goes right in here boom and then boom and then drifted down to it here and it made a low of 40 76 even didn't break out below the fair value gap that's formed on the daily chart
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that's again that shaded area here and i'd have this tweet here so you can see that's the time at 10 35 that's when i said no yesterday's high so that is there on this candle and here 10 35 i'm tweeting
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note previous days high so i'm drawing your attention up here so if a retracement comes back down into what i shared in that video beforehand before it even came down here i'm showing you this and i gave you this level up here as
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previous days high in chart format in the video showing you that this is where my my mindset is i'm thinking think up here this is where it's going to draw to likely and it's going to retrace down to this
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level here so right away this should tell you that for the folks that are paying attention ict says that it's probably going to go up in the afternoon and it's probably going to gravitate towards this level up here which is
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previously high and he's showing this level here where he's taught optimal trade entry fair value gap when it goes down to here it's in what a discount so we're moving from a discount to buy liquidity so the premium array is up here the
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discount array is here doesn't it make sense for you to anticipate the move or originating basically from here running above here taking a partial and seeing if it can gravitate towards the high yes so you studied that way so that's what i
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do with my students in my private group that's what i'm doing with you okay folks listen i've had thousands of emails come to me in the last couple months asking to let you all in my private group my private group is done i don't even
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make videos for them anymore okay we just chit chat on a forum now that's all it is i'm teaching mentorship right here for free you don't have to have a paypal account you don't have to give me a
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credit card number you don't have to worry about missing your payment nothing all you have to do is show up every time i do this or show up over there on twitter see what i'm doing over there and
Speaker A
i promise you if you stick with it the things i'm teaching you work they were i absolutely used this logic today i didn't create something new today this is exactly what i'm teaching you as a mentorship this is it
Speaker A
i did the very thing i'm teaching you with so that way you can see uh put a button was pushed do i need to put a trade on every single day to teach you now will i continue to show trades yes
Speaker A
will you be accepted into my private group no so please don't ask okay that community is closed to them and you are all benefiting and believe me they're learning along with you with this mentorship paid members that went through my
Speaker A
private group they're learning things just like you are right here because i'm taking things and simplifying them if i let you all into that group and took all of your money you would all be confused okay because there's so many things it's very very
Speaker A
detailed i have simplified it here that's all i've done i've made it very simple so that we can go in look at these things and make it applicable because you need to learn how to do this before it gets hard
Speaker A
and it's going to get real hard folks read between the lines and think about what i'm saying look around the world's changing okay so put in the time don't rush it you don't need to worry about taking a year to learn how to do
Speaker A
this i've streamlined this okay i'm here until the good lord takes me or takes away my mental faculties i'm on youtube okay i'm on twitter i love doing this i love being back in this capacity i'm free to do what i want to do i'm
Speaker A
enjoying myself and all of you both private membership and public mentorship you're all benefiting from it and i'm having fun with you so don't mess it all up by stressing me out asking me to join a group that i'm not going to let you
Speaker A
join anyway and i don't want your money so stop asking me so anyway uh this is where we're at right now i think we'll probably want to sweep up here maybe that might even happen tonight during the asian session but
Speaker A
let's take a look at the executions and on this candle here the low on this candle look at this figure right here okay that low is 411 even and the low on this candle comes in at 4108 and a quarter
Speaker A
and my fill 41 10 and a quarter below that low whoops i'm sorry i'm doing the wrong i'm doing the wrong one the low is 41 10 and a half and then my candle of entry was here the low was 41
Speaker A
0 8 and a quarter and my fill was still below that it's 41 10 and a quarter so one quarter point below that okay so there's the entry right there and then partial here another partial there so half the
Speaker A
position cup up 10 contracts on this price and took out took off half in that area where that rectangle was drawn in that little vignette video okay again i'm doing this folks look back over here see this area over here
Speaker A
and these relative equal highs i'm thinking that it could do this and maybe this might be a failure swing right and then go lower so i'm taking off half in the event that i'm possibly wrong so that's why i did that
Speaker A
and you understand that and i took another partial off here i tweeted and paid the trader okay so three contracts there at 41 34 and a half and then i waited for it to pump up through this old high and the 4140 level
Speaker A
at 41 41 and a half now actually i was like three seconds late i was waiting for it to give me a nice big candle and if you watch the vignette video i did i i sell the uh
Speaker A
the one contract and then it gives that little bit of a ramped up expansion on the candle so i'm like ah i just would have waited one more you know one more moment it could have gave me a better
Speaker A
feel but whatever and then here is me closing the remaining one contract because i was concerned it was going to take the stop and i didn't want it to stop out i'd rather take my price at my own exit and
Speaker A
not let the stop out occur but it never would have hit it here and just rebalance that and then at the old high it round again but still fail to get to my objective on the day but this was the
Speaker A
draw on liquidity now think about what i've shown here i was wrong on this level and i was wrong on the 40-70 level but i was able to trade and take the lions portion of the move in the middle
Speaker A
that's all you need you don't need to be in here doing the absolute highest high and the lowest low you don't need to do that okay the folks are asking me can you teach me to do that you don't need to
Speaker A
look at this wouldn't this keep you from going hungry i mean i think it would i mean this is good eating here i mean this is a nice move it makes sense and i don't need this level to get profitable
Speaker A
hold high yes yes and yes okay so i mentioned i'll go into the smt diversions in here so let's do that now all right so i'm adding the little compare tab it's a little plus symbol up here if you go into your trading view
Speaker A
click on it it'll give you the drop down menu for what instrument or market you want to compare it to and you use nqm2022 this is going to change to nqu 2022 and this symbol for s p will
Speaker A
eventually in a few days change to esu 2022 and it will be basically tracking the september delivery contract of both indices right now we're in the month of june and it's about to roll over so what we do is we monitor
Speaker A
chart i'm sorry bartchart.com and whenever the open interest is larger in the september contract than that of the june contract that's when i roll over so that's how i do it it's a little different from everybody else i'm sure but that's what it is i'm
Speaker A
doing when i'm rolling over into the next month because these months or these contracts they expire okay so june won't be traded anymore in a couple days and september will and we'll trade september until a week or so into september and then
Speaker A
we'll roll over to the december contract because september will expire all right so anyway uh with the compare tab you're putting in this symbol here as a selection in the drop down menu and once it's down here you click on a little
Speaker A
gear and make sure it's highlighted low because what we're doing is we're comparing and contrasting the lows inside of a fair value gap after a retracement into a discount when we're expecting to potentially trade up in here i'm speaking like you knew this
Speaker A
okay that's how you're supposed to talk to yourself in your journal this low versus this low you see that lower low is that seen here low high or low we're comparing lows so when we're bullish we're plotting this line down
Speaker A
here as a compare and contrast tool and it's smt smart money tool or smart money technique i never really settled on what the t was going to be so that's why i always say it like that but it's
Speaker A
my way of measuring real accumulation distribution so if we know that this area down here is a discount and we know this is an imbalance fair value gap it trades down into a pool of liquidity below that low
Speaker A
as cell stops and i want to buy sell stops like i've mentioned here i'm buying the sell stops inside the fair value gap during a classic by day which is open at midnight trade down create the low of the day
Speaker A
rally and then creates an optimal trade entry or fair value gap or you're going to buy the short term low during smt diversions okay so there's real accumulation here between the nasdaq and s p so this tells me that the nasdaq is
Speaker A
failing to go lower so it's under accumulation and this is just a stop hunt below that short-term low see that now some of you are like you know this is really complicated ict you know i really like the optimal trade entry and
Speaker A
these fair value gaps are all over the place how do i know which one is the one i want to use okay check this out a lot of you know how to use optimal trade entry you'll use the low here to the
Speaker A
high pull your fib up 62 to 79 level if it goes down to that then you'll buy it okay that's one pattern but now watch what else there is this is turtle suit you have a low lower low by the low
Speaker A
that's being violated with optimal trade entry see that or you can just do this low high find the fair value got below 50 level which is a discount as soon as it trades at the top level of it hit it there
Speaker A
buy it there stop below the lower low or level here there's your there's your pattern see that or you can do this you can wait for it to trade down into this like that and then find the swing high prior
Speaker A
to trading into the fair value gap and put a buy stop there as your entry and whatever the lowest low is after it hits that that's where your stop loss would be just right below that and you can be
Speaker A
buying strength that's not in my opinion the preferred entry strategy but i'll just give you a bunch of them but it's using what bias that has been corrected and calibrated based on what the market has done here at key times
Speaker A
okay so it at 9 30 the market does what it brings us that volatility we look for so it shifts higher after we have another smt diversions here but we have that shift higher it's showing us real accumulation in the
Speaker A
s p it rallies i don't want to chase that i wait for it to come back down into a 50 minute time frame fair value gap which it does now am i still buying it there i could i
Speaker A
absolutely could do that but i'm not willing to because i want to know that what i thought initially which was 40 70 it could still wipe out that low it's early on in the day so i'm gonna i'm going to wait for the
Speaker A
market to really communicate to me that the algorithm is pricing in a narrative that the afternoon session is bullish that's it i'm going to give up the morning session folks see just because i'm sitting in front of charts doesn't mean i'm taking a trade
Speaker A
because guess what that gum i'm gonna take a trade because i've been here all day and i deserve one it doesn't work like that you have to wait and be patient there's more time waiting in between the setups than
Speaker A
actually doing anything and then it's funny you have to have incredible patience in both stages you have to be very patient waiting for the setup and then once you get in the trade you have to be patient and let the trade
Speaker A
pan out once it comes in the 50 minute time frame here then it rallies like this then then i'm comfortable knowing what i'm looking for what is that dealing range low dealing range high fib across it fifty percent below that
Speaker A
here's a fair value got trade down into it i wanna buy sell stops that's just me i wanna do it because it really fortifies the setup it allows me to get in where the smart money will be buying
Speaker A
that little movement here i'm buying that very candle i didn't buy the next candle i didn't buy the candle before that i bought below that price 41 10 and a half i bought it at 41 10 and a quarter
Speaker A
the things i'm teaching you i'm pushing a button it's a really real instance of happening not something i took a trade and you never see that happening okay i'm showing you example after example after example of the things i'm teaching
Speaker A
you and i'm using the logic i'm not creating some falsehood i'm not scamming you i'm not frauding you i'm not doing anything except for teaching you what works what makes these markets book and they do it every single week
Speaker A
the same kind of stuff all the time smt diversions here you see that smt divergence here lower low higher low here we have the lower low in nasdaq higher low in s p that sets the stage for that run higher
Speaker A
okay i could literally go on and on for about four more hours just in this chart but i promised myself i wouldn't make these videos very long and i know some of you really want those long ones back
Speaker A
but i look at the statistics on my videos and the attention spans about 10 minutes each video so i'm gonna try my best to stay in that vicinity can't promise but i'm certainly going to do it as much as i can and i'm certainly
Speaker A
obviously well beyond that that limitation here but i know a lot of you press that uh two times the speed uh function on the videos and i get it if you ever listen to me in a forced uh live session i sound like a
Speaker A
different guy don't i that's because i don't have that sped up chipmunk sound that you guys usually put me on but that's cool i understand everybody's time is important but hopefully you found something in this insightful hopefully you're encouraged by me
Speaker A
actually showing it working and not just talking about something theoretically and again be safe and i'll touch base with you again on twitter tomorrow i'm sure and again on thursday in another lecture in the mentorship
Topics:e-mini S&Pintraday profilesdaily rangefair value gapliquidityprice actiontrading biasmarket structureICT mentorshipalgorithmic trading
