YouTube Transcript:
ICT 2024 Mentorship Lecture #12 August 19_ 2024

Skip watching entire videos - get the full transcript, search for keywords, and copy with one click.

Video Transcript

View:

e e

I know right two live streams in the

same day what is going on well as you

know I mentioned today that uh the rest

of this week when when I live stream

it's only going to be an hour long um so

I want to take the opportunity to kind

of like review briefly it shouldn't be

too long I promise a couple minutes uh

the action for today and go over some s

in points so that way I don't have to do

it tomorrow morning when we first start

the live stream so we can just go right

into it and pick up from whatever the

Market's doing at that time so

um we have the

[Music]

now that this is a daily

chart and if you recall go back on the

13th of

July I'm sorry of uh August last

week at the end of the stream uh the

last I guess

quarter in terms of the length of the

stream I went through the process of

going through the

High time frame I think I think I

touched on the weekly chart but if not I

know I covered the daily and I went

through several levels I said that you

know while we were on the 13th right

here I

said longer term we're reaching higher

so I'm not trying to pick the top in

that I mentioned that we would be

reaching

for mean threshold of this up closed

candle extend that through we hit that I

said the liquidity resting above here

now I took your attention right in

here we have this Cy here which we had a

complete closure of that today right at

the close so this candle's low right

here this one if you look up at this

value upper leth hand

corner that

low comes in at

19,8

68.2 today's high

19871 point7 so we cleared it okay

and this little shaded area in

pink that's where I think that we'll try

to still reach up into uh it'll be

interesting once we get into this a

little bit it can go there and touch it

and probably have a nice little

retracement I'd like to see a completely

overlap the difference between this

candle's close and this

candle's open

so where there's no body it's just a

wick

[Music]

see okay see the difference between this

candlestick's body and this

candlestick's body it's only got one

Wick in here that's a volume IM balance

you'll see and hear me talk about that

at the end of the live stream last

Tuesday so in terms of bias okay um we

have been anticipating we have not been

looking for lower prices we have not

been calling lower prices but I've been

looking for Inay opportunities to push

by example to my son Caleb what could

frame a exercise like a like a practice

session on how to read interpret get a

feel for how far I can run develop an

eye and a knack with experience on Fair

Value gaps and drawing to

relative equal highs or relative equal

lows and also getting a feel for the

session bias which is going to Define

both the buy side and the sell side

which is always what I've been teaching

and whatever one of those liquidity are

taken first usually the opposite it goes

for that okay

so we had another example that today I

went through the business

of showing the U the a second I got to

go through the series of all these I

want to put my drawings back on how to

delete it that

way when we drop back down

in all these levels will be pertinent

you'll be able to see them all so I'm

going to drop into a 15-minute time

frame and you can

see today's action right in

here that's where the institutional or

country drill was called real time and

then if you recall watch the live stream

it was it was a rather long one today

but

uh Caleb is not gonna be able to keep

up if they're if they're like that all

the time and then some of you like just

keep

going I I'd like to I really would but I

don't I don't think it's going to help

him if they're all that long

so I uh I talked

about some of the things that uh lead

to holding on to a trade

longer and what promotes the ideas of

sticking with the trade what are

problematic conditions that end up

materializing in in trades while you're

watching price or whether in a trade if

you're

demoing it paper trading

it um tape reading

it and I

covered a lot of really I mean if you

don't watch today's stream a few

times and take a lot of notes from it I

mean I spent a lot I had a lot of time

cutting up today obviously and I enjoyed

that I had a few people send me some

some comments saying I don't mind the

bad language

but could you not say this particular

word I'm not really trying

to filter myself because if I did I

would never get through the

presentations and I'm not proud of that

stuff I say I just they have to

organic and it's it's not something that

uh is a big deal you shouldn't have your

children listening to me while I'm doing

it so we're all adults here

I know uh one of the ladies in the

listening audience told me she doesn't

like the b

word I said some nasty thing today and

that's the that's the word she didn't

like so I apologize me I don't mean to

be offensive with the language but

sometimes I lose control of my tongue

and I go off the rails a little bit

that's part of the carnival like

atmosphere around here not proud of it

but that's you know it's unfortunately

what happens the

uh the live stream today I gave you a a

drawing and I probably should have drew

this out before I started the stream but

you know what I like going on here

without a safety net so I mentioned how

if we understand the elements that are

being taught and if we're looking for

just setups intraday in the beginning

it's easy to lose sight of well you know

you're never really going to make big

money or really you know grow the

account or have these extrap app at uh

risk reward model returns if you're

always dist trating in these small

little intraday moves and my response to

that question that has been coming my

way since I actually started the 2024

mentorship here on

YouTube I have students and Traders and

uh you know those that are just casually

watching every now and then just to get

a feel for you know what is it we're

doing here and they questioned you how

do you use this information outside of

an intraday chart I want to trade bigger

moves and also I segwayed into helping

others that were asking questions such

as how do you hold on to the trade how

do you hold on

to trades that keep moving and and not

get stopped out not get nervous or

whatever and it starts by the same

process of what we've been doing here it

all starts there so if you've never

really had a way of going in through the

content and and be having a beginning

point this is the beginning point this

is like because this is the best getting

point that I can create for my son so if

it's good enough for him you know it's

definitely going to be good enough for

you and you're not in my flesh and blood

he is so if I'm pushing him through this

perspective this approach this you know

Pathway to understanding then you that's

your best answer for those that are

asking where to start

so I covered how if we understand what

the Market's trying to

do initially we want to frame buy side

and sell side and then if we have what I

held on to this entire

mentorship listen to the commentary on a

higher time frame we've been

anticipating and looking for higher

prices that's exactly how I did my

mentorship when they were paying me and

I would give them analysis I would point

to higher time frame levels where are

the Market's going to reach for and then

all they have to do as students is look

at the lower time frames and anticipate

when it has completed its run on

opposing liquidity and then get in sync

with orderflow that would get them in

sync with the higher time frame analysis

I would share on the weekly and the

daily those elements I was in the high

90% bracket in terms of accuracy and you

no student came forward and said

otherwise I proved that I

wasn't you are going to be finding

trades that are in that mindset that

framework that bias okay but I don't

want Caleb to think that that's the only

trading opportunities because if I lock

him into just that it it won't give him

the opportunity to understand how even

retracement in intraday can be traded

against that long-term higher time frame

bias and it also teaches him by default

by Able by being able to see these

retracements intraday that would be

opposed to those long- winded runs

higher or lower on the weekly and daily

chart it gives him or it will give you

also the comfort of knowing that it's

just a retracement it's not it's not

changing anything it hasn't upset the

underlying you know premise of the

market moving on a high time frame

significantly higher so I drew out this

idea today and I was talking about how

if we're trying to

enter and hold on to longer term

moves and I I see a lot of live

streamers out there you I don't hate any

live streamer I get any comments or

whatever but a lot of my students

understand that I have a you know a fun

relationship with one or two YouTubers

on the internet and they they take shots

at me and it's fine it's a shop talk I

don't I don't take anything personal

against none of that stuff but you I can

I can take a good ribbing and I like to

give it out too and I hope I hope when

they receive it it's it's understood

that I'm just having fun I don't mean it

mean spirit and sometimes their tribe

their their teen they get all bent out

of and they think I'm trying to be

mean to them and it's not I'm actually

trying to encourage them to get better

and I actually mention them by name in

my live streams or my videos that kind

of like PR them saying listen I'm

thinking of you right now you listen to

me and you'll be better you'll be better

at what you're doing so I talked about

how the power three which is my solution

to a conundrum that Larry Williams said

he had back in 1995 at least during the

time when he made that video series

uh the confidential trading course or

Futures millionaires confidential

trading course I think that's what it is

uh it's a four tape VHS tape uh thing

and that was like that was my go-to for

encouragement and as I mentioned in the

live stream he found it difficult at

that time I don't know if he's ever got

better at it but he said it was hard for

him to be a buyer below the opening

price when he was bullish so he'd always

use buying on strength and to me that

was my opportunity so I taught today and

I taught it other places on this YouTube

channel just look up power three and you

can see how I've answered

that problem okay I have a very

systematic approach to doing it today I

proved it I outlined it I told you where

the buy was I told you how the day would

transpire how to hold on to it based on

time and we're going to take a look at

some of those things today but I want

you to go back and listen to the live

stream you'll hear me outline these

things and how this is below that little

area right there is below the price at

930 but just think about how

this that little part right there that's

basically the 930 first opening price

and then any movement down away from

that is to be viewed as Judah swing or a

fake move it's the get people thinking

it's going to drop keep going lower and

then all this move here is the trend

following portion of the move means it's

all directional it's all one-sided like

this okay and then at the close price

will come off the highest high and

settle off the high okay and I counseled

you today on the community tab of my

YouTube channel I said okay you know

it's after 3 o'clock if you have not

taken anything you want to pay the

trader so to take something

off why because at 3 o'clock that starts

the last hour of trading the last hour

of trading

is right there at that low just happens

to be inside of a fair value Gap and

then we have this protraction towards

the close of the last hour so at 3:30 we

start this candle it spools up into that

little blue line which is the close of

the daily cells balance buyid efficiency

and this is that volume imbalance on the

daily chart those are all levels that

were talked about last Tuesday but

because they're higher time frame we

don't constantly have to refer to them

every single day you just have them on

your radar and that's where we've been

anticip paying price to reach for so for

the yahoos out there are saying that I'm

calling the buyas lower I'm looking for

shorts I'm looking for Longs but I'm

looking for things to teach my son how

to engage and all of you that are

watching anticipating price action

seeking liquidity opposing liquidity

against that move that would be tearing

us up into

here anytime it drops lower it's done

what it knocks out long holders Scoops

up their position uses their their stop

loss that's below old lows to buy and it

gets them in sync with this underlying

run

so we're going to take a closer look

just remember this little diagram

represents one daily range and I wanted

you to anticipate the daily range

starting at 9:30

here and where we close here at the end

of the day all right now with that in

mind let's dig into the chart we want a

five in

bases all right so here's

9:30 so disregard anything to the left

okay just don't look at any of that

stuff orend it's not even there you're

focusing on just this candle right there

that opening

tick that's right on that

line we drop we go a little bit above

the opening price and then we drop once

more go a little bit higher and we drop

more and we take out the low

here and that low see how those relative

equal lows

there we Dro

lower and then we started the whole idea

as I outlined I don't want to talk about

what I looked at during the live stream

because you you go back into that and

watch it we were

one-sided we were anticipating the buy

side liquidity resting above these highs

right here but while we were down in

here and while we were anticipating the

run up I was outlining how being a buyer

and if you want to hold on trades with a

longer term uh Target or it makes you a

whole lot more handles a lot more Pips a

lot more points if you

will buying at that opening

price or lower when you're bullish last

Tuesday I I solidified and made sure you

understood that this is where we're grow

we're going there as long as we don't

have a major wipe out go lower and that

would be caused by something occurring

over in the Middle East and just go

watch the stream you'll hear me refer

those things but

here that point of entry right there is

the institutional orry drill and we

rallied up above what the new week

opening got high for this week so Sunday

6 PM opening compared to Friday

settlement price that is your new week

opening Gap we trade

down then rally and start to build all

of the same aspects of looking for

higher r that we walk through today and

have been going through every single day

since we started the series on the 2024

mentorship here

so by the way

flocks uh a gentleman reached out to me

sent me a instruction about this thank

you so much um he made some changes to

an existing uh Watermark so that that's

what you're seeing

here so that's that's the business there

so if you if you want to have that on

your chart I guess uh you there it is

but

uh we're going to talk about how it

reached up into this because I'm sure a

lot of you were taken by surprise um I

had a guy on YouTube I guess he wants

more followers or more attention but he

read he made a video about me a couple

days ago and he is supposedly an

orderflow guy he uses like the um the

depth of Market ladders and uh and

whatnot

he went so far as to say that what I'm

teaching and what I'm saying is

ICT is a scam and here's why well I was

watching a little bit of his live stream

that he was doing today and uh I invited

a few of my private students to to take

a gander at it and some of them did not

listen and they were trying to stoke the

fires and I that's not what I wanted to

see happen but um while he was watching

his price action and stuff I was going

long in the es when he was saying it was

not going to make a higher High and um

basically I mopped the floor with it and

showed the students the contrast between

what was expected because of looking at

depth of Market the ladders you know

where the orders are stacking above and

below and how that's supposed to be

superior intellect and knowledge and the

whole time there was nothing being

mentioned about where the market was

going to go in fact it was said that it

wasn't going out higher and I said well

that's perfect because I see a breaker

on a 15-second chart I see liquidity I

see a run higher and I see it doing

exactly what I outline in my live stream

today and it accelerated went through

the roof and blew the top off of it and

I say that because there are some of you

that are watching me just for the sake

of saying this is wrong this is wrong

there's no algorithm but there really is

and the algorithm is the price engine

that offers the

price the buyers and the sellers have to

agree at the price that's being offered

it's not the buyers and sellers that's

offering it to you the commodity okay

the the thing that needs to be purchased

or sold is price action the price the

next price that is always offered to us

as Traders it's first piped into large

top tier institutional Banks in lending

firms and things like that and then we

get the opportunity to pick up the

scrapes and and bottom of the barrel as

retail Traders we we we're the last line

in the

expected uh recipient of this

price there are entities out there that

have a better opportunity to take the

price that's offered to

us like we have the scraps basically and

the the argument and the the excuse is

this um the algorithms are fighting for

a quarter of a second in terms of time

execution that's not a big deal that's

not a big deal and the argument is

discounted because you can't throw

thousands of contracts inside of a

quarter of a second look at the time in

sales there isn't that many owners

coming

in in the same token when you're

watching a depth of Market ladder and

you're seeing all these orders the

Market's going to keep booking higher or

lower if it's designed to do so and I

outline today just like you see it right

here I told you once it starts going up

and everything below the opening price

at 930 was the premise what we're

looking for and I outline that right

there on a one minute chart and if you

didn't watch the live stream stop this

one here don't watch it anymore because

it'll take away from you watching it

happen live the worst thing you can do

is look at this one here and not have

watched the live stream because you'll

miss the opportunity as it's forming as

it's really forming live because you're

watching the the real- time data that

I'm using while I'm doing that live

stream with a 3 second latency it

literally was only taking three seconds

before it was posting to my phone and my

headphones so I can't make it any faster

than that folks and that's the settings

that's offered to me

low

uh ultra low low and then normal latency

that's the three options that at least

that's what YouTube offers me when I'm

doing live streams right now I'm doing

normal because it's not time sensitive

so when I say something if you look at

the seconds down

here okay from the time I say something

and you receive it if you're watching

your your trading VI time that's the

latency and it should be a little bit

longer right now because it's not time

sensitive the markets are not trading

it's five o'clock so there's no movement

I can talk with a low latency and it's

not a big deal I cannot do Clos captions

when I'm doing the ultra low latency so

it's not for the sake of not wanting to

do it I just can't do it because they

don't let me do it on YouTube so don't

think don't take my word for it try to

do it yourself and you'll see what I'm

talking about so I want to drop down one

minute chart again if you didn't watch

the live stream don't watch any more of

this one stop it and come back to it

after you've done that okay so let's

drop into a one minute

chart all right so we were

watching price rip

lower here's

930 right here we Dro lower we were

looking for the new day opening Gap it

trades through it comes back up we had

an opening range Gap in here I'm not

going to have that on the chart I'm just

going to go to the most Salient points

of running that low out

there and then I told you I want to see

it get above the new day opening Gap

here

on the 16th and now I see it trade down

it does so there and then we had this

move with this candle I outlined the

institutional orderflow entry drill and

as it did it here I said now if you're

looking for a way to hold on to

trades that part's easy once you've done

these types of drills for months not a

couple days not a couple weeks but for

months because you're not going to fully

appreciate where these setups are

forming relative to the 9:30 opening

here

there so at that price or

lower when you're bullish When You're

Expecting higher prices in the daily

chart to keep pressing higher look at

last Tuesday's live stream on the 13th

of August 2024 it's the latter portions

before I close the stream I go through

and I said this the so you guys so you

guys know what I'm expecting based on

what we have right now in the charts

it's going to go higher and these are

the levels and I walk you through them

okay we hit several of them already but

we're just below that volume and balance

on the daily chart so I C you on the

live stream today to go back to that and

listen to the the higher time frame

levels those should be on your chart

they should be in your notepad next to

your your computers or computer or

whatever it is you're using to to watch

price action and constantly refer back

to are we seeing indications that those

things are still being traded to are we

marching towards those daily and weekly

objectives is basically what we're

getting at because that is higher time

frame order flow that's that's where

ultimately the daily chart's going to

try to gravitate to now I mentioned

today that there's the Jackson

Hole uh

Symposium if you do a search on your

economic calendar you'll see

it okay

the I think day one is Wednesday day two

is Thursday day three is

Friday because that's

occurring and it's on the latter part of

the week you have Wednesday Thursday and

Friday treat it just like a non-farm

payroll week where you have to trade on

Monday staying with it looking for the

setups and then because we are expecting

those higher time frame targets that I

mentioned on last Tuesday August 13th

2024's live stream at the end of the the

stream I gave you every level that's

pertinent on the higher time frame

outside of the intraday charts and those

are like magnets draw institutional

order flow in on those higher time

frames smaller time frames as you've

been watching me do it's very very

similar to what we expect on the larger

time frames just get a whole lot more

opportunities so as I outlined today

this is the institutional orry drill it

is the lowrisk buy that means it should

not come back below that and it should

just keep pressing higher and we used

the new week opening

Gap here as support they swept through

it cleared up some inefficiency into the

order block right there there's two of

them so you're using that price right

there at the open that's a change in the

state of delivery

boom now we're rallying it comes back

down to engage that order block and

upset any perfect delivery to the new

week opening Gap because remember

they're like our children coloring

inside a coloring book it can color

Outside the Lines we encourage that we

want to see things like that because it

gives the opportunity let the the Wicks

do the damage that's what you want to

see and

then because we were below the opening

price at this institutional I outlined

time okay I outlined time if you get

something like this position entry here

you do not strangle it by running your

stop loss up you don't try to keep

moving it higher moving it higher moving

it higher but you do expect it around

11:30 that's that's beginning the lunch

macro it will start to drop against the

existing movement that took place in the

morning session meaning here you got it

rallies up and here is 11:30 right there

so at that moment looking backwards was

it everybody making money on the long or

everyone making money on the short

clearly everyone's making money on the

long it's gone up longer it's been up

it's it's definitely above where we were

outlining it

live so what is it going to do it's

going to

seek the initial lad that you're going

to come to here's

11:00 for the folks that don't know my

macro for lunch I'm teaching again so

right here's the price so you want to go

backwards and find the first

low but it has to form after 10:00 so

let's do the math on this here's 10

o'clock so yeah we have a low down here

that's not what I'm talking about oh we

have we have a low over here that's not

what I'm talking about right here is

11:30 and you want to go

backwards and find the first low and

that's this

one did did this low form after 10:00

absolutely it's

11:17 so at 11:30 the macro will start

doing what it will seek liquidity that's

trailed on that which has been

profitable during the morning session at

11:30 go back to 9:30 what has happened

the Market's

rallied it's gone up so the algorithm

will seek what the stops rate below that

low well wouldn't you know it as chance

would have it as coincidence would have

it all the planets

aligned the clouds parted and here we go

it worked again not only is it taking

out that low for anyone that's trailed

their stop loss rate below here it's

engaging the new week opening gap for

this week that's a reasonable

expectation it's going to gravitate and

D draw in price to cause more

interest so the algorithm doesn't know

how many kind contracts are being traded

it doesn't need to know it just needs to

know what time and where that's what

prices offering it it does not need to

track something as Dynamic and what can

be spoofed because you can put orders in

and in

pool institutions do it all the time in

fact large investment firms Goldman JP

Morgan all these big guys they've all

got in trouble some sometime or another

spook

putting Big Blocks of orders in because

they know Yahoo's out here look at that

stuff and think oh it's going to go

there that's not that's not how it works

folks that's like laying down bait for

rats and some of you act like rodents

and you you go after that cheese and you

think because that number is flashing

there it's going to drive the market

there that's not what goes on I

explained to everything today and I

didn't need to talk about depth of

Market I didn't have to talk I didn't

have to show you a ladder I didn't have

to do anything I spoke on the premise of

time so I told you that we're going to

see it drop down for the lunch macro and

upset cell

side and I

explained not just today right now but

in other instances where the lunch macro

starts at

11:30 and it can go as long as

1:30 it could keep going higher and not

have any retracements but if you start

to see it sell off all you have to do is

find the first low at

11:30 start going

backwards where is the low that you're

going to come to first but it has to be

be um it has to happen to have formed

after 10

o'l why because it factors in any run

that was created for Silver

Bullet any protraction in price action

that's going higher it allows you to get

the obvious where everybody wants to jam

their stock to and that's this one right

here and that's exactly where it went to

and it also agreed with new week opening

Gap see that and then it rallies so we

had all this consolidation we had sell

side

taken and then we entered the 130 time

right there that

closes the lunch macro there's no more

time aspect that's associated with going

down to take the stops in this case so

now what is it free to do it's free to

start going in the direction from the

early session

lows and outlining that daily candle

where the open is near the low and the

close is near the high I told you that

you would hold on to the trade if you do

this okay I I specifically called out

Patrick willing because he he does a lot

of these and Pat please don't I'm not

trying to be an ignorant person to you

right now and if you like Patrick

Wheeling you watch his live I'm not

trying to take his followers I'm not

trying to get you to watch my stuff I

want you to think about what I said

today okay and I I toss you a Boone if

you start doing

this and you just let one contract go

just let one go with the things I taught

today you're going to have bigger runs

you're gonna have huge runs and Tanja

who is one of my students who does as

now shown several times of making over

100 handles I think she's the only one

doing that like right now so this this

lesson helps her as well it helps all of

you I want to see all of you do well if

you have the the interest in in live

streaming like I would really get my

rocks off if I saw people taking these

types of Trades down and I gave it to

you today I laid it on a silver F I said

hold on to

minimum 3:15 why because that starts the

last

hours uh macro there's four of four

macros in that last hour but I told you

it starts at 3:15 and that one runs to

345 then you have one at 3:45 that goes

to 4:00 that's the one that we're going

to go into and talk about

now so the market rallies up during the

2:00 hour continues higher and we have a

little bit of a retracement here going

into 3 o'cl and I said on my community

post I said it's after 3

it's basically time to pay the trader if

you have held on and I had people that

listen today they've been very upfront

and showed me that I made it a killing

today thank you so much I don't want you

taking trades based on what I'm saying

okay but just know that I was in rare

form today and I guess that inspired a

lot of you to do a lot of you to do it

and the reaction is

WTF this is the biggest trade I've ever

made I can't believe this this this was

like nuts yeah that's what happens when

you're when you're trading the daily

range that's what my son Caleb is going

to grow into he doesn't have the

patience and doesn't know what he's

doing yet but for the folks that know

what I'm referring to and have done this

for a long time studying with me you

took you took

the hint hint nudge nudge stuff today to

the extreme and held on to it and you

were able to capture a lot of this run

today when we look looked at that little

crude diagram that I drew out this

morning referencing the daily chart the

daily chart is basically what you see

here where it went up to the

high and then at the close what's it

going to do it's going to settle

off the high so here's the close here's

the high and all the way down here

[Music]

is the low to day and that was me

telling you that's the lowrisk buy and

then submit to what if you want to get

take longer trades you have to set your

mindset on the

time time if you understand Power Three

As I teach it the highs and here we are

T trading as the Market opens up to six

clock trades right up into that volume

of balance on the daily chart so we've

already hit the low if it never goes any

higher than that it's delivered based on

what I told you last Tuesday using

weekly and daily charts that's bias

that's bias but intraday for my son to

learn how to do this and how to get that

same understanding that I'm sharing with

you you got to go through what I'm

teaching here if you're going to hold

for bigger runs the first and foremost

thing is you have to submit to the time

that's required for the daily chart or

daily

Candlestick to form and close so if you

understand that we're bullish as we were

indicating today down here I gave you

the the the schematic of what it looks

like on the daily chart what to expect

so for you to hold to the close you have

to hold into that last hour of trading

right and then you also give yourself

time when 3:45

[Music]

comes right there's

345 so what happens is the algorithm

will refer back to

what levels on a daily chart levels on a

weekly chart in any time frame cycling

through less than daily all the way down

to the seconds and then it'll cycle

right back up and all inefficiencies

will be incorporated all liquidity will

be incorporated and that's how the the

algorithm G rates and moves up and down

it's not buying and selling pressure and

I don't give a what Tom Dick and

Harry says Tom Dick and Harry got it

wrong in front of me today and got in

wrong in front of my students and I was

doing the opposite of them as they said

it whatever they said wasn't going to

happen I went right in there using what

I teach what I use and it just like that

I was long in the afternoon in

es everybody else that supposedly uses

this volume imbalance and depth

of Market stuff they had no expectation

what was going on they had no idea and

all of this run here that is algorithmic

it starts at

3:45 what is it going to spool to

remember this think about you're that

fishing uh fishing pole holder you're a

fisherman okay and you're going to cast

your lure to what

direction this level which is the high

of the sell sign and balance buy sign

efficiency on the daily chart that I

gave you last

Tuesday and the volume inbalance so

you're casting your your hook in that

area why because there's liquidity up

there and the market traded right into

here that's what that pink area

is that was from the daily chart it went

and hit it just like that so I gave you

on Tuesday where the Market's going to

dry rate and gravitate to on a higher

time frame perspective but that's not to

say that you can't take shorts Inay you

can but I promise you you did not see

anybody else call out with detail as to

why over 200 and some handles would be

delivered you didn't see that didn't

happen you saw it here and the logic

that I used is what's in this mentorship

and every other lecture on this YouTube

channel for

free

so I I don't know what else to say

except for if you keep add it you keep

showing

up you'll get what you're seeking you'll

get it but you got to give yourself time

like I tell my son you can't force

it and over time you'll get it you'll

find things that are going to be a

little bit confusing initially the more

time I spend over the charts it'll make

more sense to you but this run here is

absolutely algorithmic why is that

happening when are certain

algorithm more prone to create big runs

well the last hour macro obviously it

starts at 3:15 and that one runs to 345

so in and of itself you have that 30-

minute window and I'm looking for

something that's going to cause the the

move off the

high so like here's the highest high of

the

day and then you get this that's the

part that is the 315 to

345 315 to 345 macro gets

disregarded and they use 345 going into

the market on close Market on close is

that last 15 minute window it's not 10

minutes it's 15 minutes it's 3:45

Eastern Standard Time to

4:00 if it's earning season there will

be an algorithm that fires at

401 and then you get this crazy run

going into 415 and then when the regular

session closes electronic trading goes

Bonkers and then you see some some wild

stuff okay and I made I think a little

less than $20,000 with a live account

with amp using that information I just

gave you and shared it and showed it and

proved it so there you go

um this

occurred because of what I mentioned

today the Jackson Hole Symposium like I

said it it can create

volatility and folks that know that

we're getting the opportunity to see a

lot of volatility they want to hurry up

and get the run over with

basically so the the folks that the kind

folks that on the market and uh are the

fine makers of algorithmic

trading they were happy and nice enough

to deliver what we were looking for on

last Tuesday's objective longterm it has

it's delivered any more run up into this

area here that's shaded in pink it's

just a bonus I don't need to have any

more delivery in price to be right about

it okay and since that volatility that's

going to come by way of Jackson hle

symposium it's a it's a group it's a

meeting it's like a big Builder beer

meeting where they just they come around

it's a big circle jerk and they they

think they run everything and they

certainly try to do it so because it can

create volatility in the marketplace

that may be

unfavorable everyone that knows what's

going on as I'm outlining it to you

today and teaching on this lecture uh

series and all the lecture series prior

to it on this YouTube

channel having that big run up is reason

able you think it's a fluke that I

mentioned the power 3 and told you to

hold on to at least until 3:15

today go back and listen to it it's

there so you're not going to worry about

the little fluctuations in here and

completely try to get out because that's

the end of the day no they're going to

drag this thing across the entire

spectrum of time which is taking you

into what the last few moments of

trading the regular session that's 3:45

and they ran us up into right there they

Clos in that Cy on the daily

chart let me take you up to the daily

chart and then we'll be

[Music]

done all right this candle's low that's

what that blue line is attached to this

is the Cy sell balance by efficiency and

that would be the low so as I mentioned

the last Tuesday it's we had the mean

threshold of this candle here then the

rejection block then we have the buy

side liquidity here and then we have

that candle's low and we have the volume

balance between these two candle bodies

and then naturally if it wants to go

through that you have the buy side here

and the inefficiency there ultimately

that's you know unless something breaks

out in the Middle East I think we're

going to be revisiting here and after we

go there I don't know if we make a

higher high I don't know if we start

ranging for a little while I don't know

if we drop I I don't know okay so those

are the levels I gave you last Tuesday

they still hold true this is still what

I'm looking for but as a objective for

this

week I'm content so at this point I

would favor continuation in what's being

here what's been shown here but I'm not

forcing anything so words if I take a

trade I'm not going to go heavy-handed

I'm not GNA be doing 10 15 20 contracts

I'll do one three four something like

that that's my lot that's my high in now

because it's already done the majority

of the move that I was expecting on the

daily chart I mean think about it let's

take take the lipstick off for a second

and then I'm

done if this

is what we've been seeing we haven't had

a down

close over two

weeks that's

unsustainable that's unsustainable okay

so to me what I think is they're taking

out anyone that's short here and they'

they're taking us up into this

inefficiency because it's it's a strong

inefficiency it's it's no real volume in

there and maybe we'll get up into here

and and probably folks that see that

here they'll think well we're going to

go for the higher high and that would be

the good area to pull the rug out from

underneath everything and send this

thing right below here if

if Iran Israel and the Coalition of

other Arab Nations come together against

Israel and then us get it's what it's

been wanting for a long long time an

excuse

to do a a a theater against the Persia

okay

so that's what I'm expecting that's what

I'm anticipating that that whole runup

is because we didn't see it pop off yet

and I think we kick out that low if it

really kicks off in the Middle East

otherwise everything I said here is what

I'm

expecting using that information if I'm

taking Longs inaday as long as these

targets are still in play that means

I'll do the heaviest handed positions

the most contracts that I'm trading not

overleveraging not trying to be more

than I'm supposed to be but the larger

positions are going to be on the long

side because I'm trading inside of daily

bullish

orderflow but if I'm shorting I'm going

to do it with small position sizes

because I'm going against

this if we start things on a very

extreme level over the Middle East

it's going to be easy for the market to

have big large range candles down on the

daily chart and it might start off with

one big one like that and then wait a

day or two and then start looking for

lower prices should that happen it's not

going to be able to Rally if something

really breaks off over there if we start

exchanging with Israel into Iran these

markets are going to have a real hard

time having green candles and it's going

to be a lot of this type of stuff here

okay so I gave you sentiment I gave you

what I gave you last week which was my

bias it was longterm it's

delivered again

so you should feel comfortable okay you

should feel comfortable that you're

learning what's working you can you can

see that I know what's likely to occur

and you're in good hands I I I got this

information from good hands above and

I'm sharing it with you I want my son to

learn it so if my are for him to learn

it I'm not going to give you water down

not so good information it's the same

stuff that I'm laying in his hands so

you see it working it's precise it's

highly efficient it's highly precise not

just close it's highly

precise and it's it's in my interest to

see you do well with it if you're going

to take the time to invest in it then

you obviously it goes about saying that

you should be

encouraged and trust that you're doing

what's necessary there's no other

shortcut to it there's literally no

shortcut I would not be out here making

this stuff for KB to go through if it

was an easy one two three stepbystep

list that you know just makes it so much

easier you ain't going to get to the

level I'm I'm showing you want no easy

one two three it Ain it ain't going to

happen but if you want these types of

you know results in terms of knowing

where it's going to go how it's going to

behave why it's going to behave in

certain you know weekly profiles weekly

conditions daily profiles how do you

know when it's going to be a big up day

classic byy day well I outlined it today

I give you those terms I told you what

to look for improved it right in front

of all of you with literally two handles

of draw

down so I mean given the volatility

we're experiencing I think that's pretty

remarkable if I do say so myself good

job thanks brother so anyway I will be

back with you all Lord willing tomorrow

um again all the sessions rest the this

week are just going to be 60 minutes so

we're going to be aiming for 9:30 to

10:30 cutting the stream after 1 hour

cuz I got to give my son a chance to

catch up um he's getting a little

frustrated that uh he's not where we're

at and I told him don't worry about that

but you know how kids are

Click on any text or timestamp to jump to that moment in the video

Most transcripts ready in under 5 seconds

One-Click Copy125+ LanguagesSearch ContentJump to Timestamps

Paste YouTube URL

Enter any YouTube video link to get the full transcript

Most transcripts ready in under 5 seconds

Get Our Chrome Extension

Get transcripts instantly without leaving YouTube. Install our Chrome extension for one-click access to any video's transcript directly on the watch page.

Add to Chrome — Free

Works with YouTube, Coursera, Udemy and more educational platforms

Get Instant Transcripts: Just Edit the Domain in Your Address Bar!

YouTube

←

→

↻

https://www.youtube.com/watch?v=UF8uR6Z6KLc

YoutubeToText

←

→

↻

https://youtubetotext.net/watch?v=UF8uR6Z6KLc

YouTube Transcript:ICT 2024 Mentorship Lecture #12 August 19_ 2024

Video Transcript

Paste YouTube URL

Transcript Extraction Form

Get Our Chrome Extension

Get Instant Transcripts: Just Edit the Domain in Your Address Bar!

YouTube Transcript:
ICT 2024 Mentorship Lecture #12 August 19_ 2024