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ICT 2024 Mentorship Lecture #9 August 15_ 2024

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e e

my I lovely lady LS yeah what's up good

morning good morning it's a good morning

it is a good morning this OBS was uh

sparring with me again before I can get

the stream started but that's okay it's

a little bit

faster uh resolution for it this morning

hope you're doing well this obviously we

are in

the

Thursday trading session for uh indices

our Focus has been on the NASDAQ as you

can see on the right hand side that is a

1 minute chart reacting off of some

random

level for uh the new week I'm sorry new

day opening

Gap and upper left hand

corner we have the 15-minute time frame

and then the 5 minute time frame in the

lower

left so we will will

be watching how we

open there's going to be a a rather

large

gap so we'll be annotating that real

quick here so this is where we stop

trading for regular trading session

hours again then lower right hand

corner that's where we're

toggling and then we're going to

[Music]

and we will

use

this and then where we open up at

9:30 we will annotate

that so right now it's trading at 348

so if I

grab that highlight it hold down control

drag away and put it real close to that

market price that we're at right now

when I go back to electronic trading

hours it'll be there for me to

drop like that and then I'll

[Music]

just change that now to

this and this will

be set to whatever the first opening

price is at 9:30 in about 55 seconds or

less so we have a ra rather

large premium opening so is a lot

of a lot of movement from where we

settled on the day session yesterday

versus where we're opening up it doesn't

mean always there's a complete return

back to that that level down here but we

will look for indications that it will

try to do that and right away my

interest is I I'd like to see this

traded too it need not do anything in

here we're not trying to pick the top as

I was talking about yesterday um we want

to see how the opening range opening

range is the first 30 minutes from 9:30

to 10: a.m. New York local time if your

time on your trading view platform is

not set to New York you need to set it

to that that way everything that you're

learning in this YouTube channel is

Germain here we are so the opening price

352 so all you have to do

is change it to

352 all better baby right there so now

what we're doing we're just going to

watch and see does it have a run above

the high

here that's where our

[Music]

buy side liquidity

[Music]

is and top

left okay so we're just going to sit and

relax

um I I have an appointment at 10:45 that

I have to make so we'll be going to

around 10:30 probably a few minutes

before

10:30 so I'll sit with you through the

uh the first 30 minutes after uh 10 so

hopefully we'll see some kind of a

silver bullet I can walk with walk you

through excuse me

okay we have a small little Gap that we

just traded into here we'll see if that

provides a means of engaging the

liquidity there

there you

go so that's one of those uh really easy

bread and butter set ups where we can

see that there's a pool of

liquidity they're going they're going to

Fe that's

Bailey hang on one second let me text my

wife and tell her to kennel

all

right so we had our little initial

run after big pop at

8:30 completely random who could expect

something like that to occur we had this

volume imbalance between these two

bodies here we traded back up into that

trading there and we have relative equal

lows from here to here

study

[Music]

that so the relative equal highs

here we saw it run above

that that small little Gap right there

small little one right there I'll

highlight it for

you actually going just maximize this

chart we'll work with this

[Music]

one right there

[Music]

keep it neutral I don't want to

influence you with the color but uh I

don't need that

[Music]

line so as we traded down to this

here I took your attention there after

obviously it was sitting like right in

here but that right there is still a

point of entry because you have

low high low or low you're in the

breaker that could have been used as

a more or less the fair value Gap does

it respond off of it yes you don't need

the candle to

close and then the liquidity was here so

looking at from this area

here ring up to take that

liquidity that's your

first screenshot shot you want to take

and annotate that Caleb and have how

much time it took to run obviously it

doesn't take much it's like 1

minute how much heat was on that fair

value Gap

zero and then there's immediate run to

liquidity so now because we've had this

run here and we've had the big run

up um over the last few actually like a

week and a half now it's been going

higher we had an 830

impulsive price run creating the high

here we

opened 930 ran to buy side

here what's

this what is this right

here a premium

Wick we're studying the buy side in here

we want to see does it want to come back

CU think about everybody that's long

they're going to Trail their stop losses

where are they going to jam them up

to right below

here so anyone that wanted to break out

and go long they're going to do it want

to break out above here so they're in

now they're you they already have people

on the board net long and where are they

going to put their stop loss right below

here all under

here and the carryover from

yesterday and this morning at 8:30 when

we had the run up

here off of today's new day opening

Gap rallied institutional orall entry

drill Breakaway

Gap this is where a bull flag does work

and then runs up this Gap right here and

the liquidity my focus is here I'm not

trying to pick the top but what I'm

looking for is I want to see can

we break below this Gap that's in yellow

okay that's where my focus is my eye is

there because I want to see do we get

below it come back up and treat it as an

inversion fair value Gap that sends us

into the liquidity here and into this

Gap right there so for the morning

session it's too rich too expensive

right now to want to buy it we have a

gap higher

opening we've had an initial run to by

side I'm not chasing that so we're back

in the same criteria that we were on was

it Tuesday so I will not buy premium

like this this is this is too rich too

expensive and again same thing if it

wants to run it'll run without me and

I'll wait later on in the morning 10

o'clock I'll do something with the

Silver Bullet there it's always there

it's never it's never not in the charts

okay so we have one more bump above the

high

and let me draw out the

uh this is where my interest is for the

morning session thus

[Music]

far and I don't know why I did that it

should be this

color there you go

so what we have here is we have low high

low breaker breaker inside of the new

day opening Gap that's this level here

and that level here we consolidate we

drop

down 830 boom takes

off leav a gap here relative equal lows

here the highs have been

taken so what we're watching is the

market being made Jagged on the upside

after a large gap opening again you can

see that here see that big gap between

where we settled yesterday and where we

are here so that's why my interest is at

that fair value Gap and the that

low because it's only been a

consolidation run to the liquidity come

back a small little retracement and then

rally once more so we're really we're

really expensive very very expensive

and a lot of Traders with deeper pockets

are going to wait for a discount and

they're not interested in trying to buy

these inflated

prices the public the street you know

the street money or quote unquote dumb

money uh they'll they'll buy it every

single time it does this because they're

they're buying momentum or they're

shorting weakness so they're they're cha

they're always perpetually chasing price

and as a professionally minded

Speculator and analyst you want to be

looking for cheap discounted prices to

buy and you want to sell expensive

premium priced instruments so it's very

important to have those rules and write

those things down in your

Journal no nothing forces you to pay too

much nothing should make you feel like

you're going to miss out so you're

willing to pay a higher price for it if

you have that rule in your Trading

it's going to prevent a lot of heart

heartache and hardships

because chasing price is never a good

thing very very few and far between are

there instances where chasing it and it

runs you five 600 eight points it's very

rare that it does that but it's more

likely that it does these little go up

break out get people caught long and if

they didn't get enough on that pass here

they have it now so we have one two

three now we have it with the candle

there see we have three three dries

pattern higher inside liquidity all of

this is made Jagged now and I want to

see can we get into this below it treat

as inversion fair value Gap as long as

it doesn't trade below these lows or

into this Gap here I'd like to see it

use that as a catalyst to bring us down

into that and then hypothetically Caleb

what you would say is I want to see if

it does these very things this would be

a screenshot that goes down there after

King off that that's a screenshot for

for a short idea but you're not demoing

it you're not in any kind of actual

trade you're just watching it and then

you would say Okay um partial taken here

and then you would look to see if it

wants to get down into this one but

you're taking one step at a time you're

not trying to go in here and pick the

top you're not trying to you call the

top you're looking for signatures to

support an idea that you're hunting that

will be part of your repertoire and your

model you're not forcing your idea

you're not arm wrestling you're not

trying to impose your will you're not

saying it has to happen you're watching

to see if these things do in fact form

in price

action you got to be really really

relaxed try not to expect everything to

pan

out to your wishes every day because

it's not going to be like that

always okay small little Gap right here

right there between that

candle and this candle's

High I keep telling myself pouring my

water into a cup that wasn't it's not

always making that noise but just think

of it as ictr

I got people that leave comments say I

like when you whisper I wish you would

talk to your commentary and Whispers

then I have other people saying dude why

you Whispering I'm creeped

out and you think I'm bipolar my

audience is

bipolar they're never you know they're

never uh they're never satisfied

[Music]

okay one more pass into the original buy

side right

here if you look back at what we've been

doing since uh Tuesday as I mentioned on

that day I said even it wants even if it

wants to keep going higher it's

okay we're not trying to pick a top

we're not trying to pick a bottom but

we're looking for logic to

frame a a a form of study that will

helpfully hopefully and help formulate a

routine that we go into price and we

look for these types of things to occur

and if they are not in the chart you're

sitting still it doesn't mean you you're

subpar substandard not able to trade

because you're not looking at every one

of these fluctuations and knowing it's

going to do it that's irrelevant right

now

the information is too

premature and we're waiting so I'm

framing it

on I want to see it get below here if it

keeps going higher that's okay I'll wait

for more information because 10 o'clock

Silver Bullet that's our main focus for

the day but we're watching and observing

the opening range how we're behaving

initially with the liquidity sell side

which I should have this annotated I

apologize

[Music]

now when we were looking at this Gap

here as I was mentioning it I would have

preferred to see this go and not come

back down to that again the fact that it

came down like that to me is problematic

I don't like to see a run do that and it

just feels like they keep sending it

higher sending it higher and all of this

is work to get people in going long or

stopping out anyone that's already short

so this is these types of days or these

types of conditions in the early part of

the

session you see people complain oh

they're chopping me up I I get keep

getting stopped out I don't know it's

just you the chop is you know really

messing me up you just you have to learn

to wait it's it's nothing nothing going

on just because we annotate the gaps and

the runs where it could reach to that's

not your trade setup that's not Caleb

setup it's just worth studying delivery

how it behaves is it able to hold on to

these levels once they're being book

like we I'm studying this this is where

my my eye is I'm looking at how price is

held above

here all of this I'm viewing that as

potentially just a

trap keeping the market there holding it

there and then because it won't Rally or

if it doesn't rally say it that way

doesn't if it doesn't go higher and

parly start running away higher it's

more likely that this is just being kind

of like a snare holding traders in the

the hope that it's going to keep going

higher because we had this big run at

830 they feel like they missed the move

opened at

9:30 small little decline into a fair

value Gap and then back up into the the

buy side so we we're working this area

above this high but are we seeing

any immediate runs higher since then not

yet it can but I don't want to trade

this early because these are generally

times where you can get caught off guard

or offside that means you're on the

wrong side of the marketplace so I would

rather air on the side of caution and

wait for the information I've already

given you I want to see this Gap trade

down through it treat it as inversion

Fairway Gap and reach for this liquidity

and maybe get as far down here and it

can still go higher just look at how it

traded

yesterday okay so we mean another higher

high so the same thing here I'm still

viewing this as all this is could be

could potentially just be holding

traders

in trapping them at a higher price and

then Rak them lower because they could

do two things by doing that number one

it's going to cause pain for anyone that

bought a breakout I'm not interested in

buying a Breakout it get if if it

rallies and keeps going higher it's okay

it's a move that I'm not a part of go

back to the lecture I gave on Tuesdays

um live stream I guess that would be

what the

7th just look at whatever Tuesday's date

is that that that lecture talks about

what I'm willing to endure what I'm

looking for what I will not be

interested in trading on and when I let

price go without

me so because we've had this big run up

since

8:30 let's put some that back in the

chart

again this is

all

Euphoria and then we had a high we open

traded above it traded above it traded

above it traded now we're here I'm not

interested in taking that long I don't

want to buy this I don't want to I

wouldn't take a fair value Gap in here

to go down into the trade higher because

it's too long in the tooth that means

it's too too far stretched out and it's

more likely to try to revert back to a

fair value what is that where liquidity

is below lows below lows gaps relative

equal lows this Gap here this

consolidation there's a lot of liquidity

and interest to protect a long position

right right below here because it's

moved up a lot real quick so Traders are

going to want to be placing their stop

loss just below that to protect and

Preserve

the majority of all this move if they

were happy or lucky enough to be part of

okay

950 just about 9 minutes before Silver B

10 o00 hour

begins 52y old bones cracking

just want to take a peek

es so es is lagging a little bit so that

means it's probably going

to either see NQ stay at its highs and

allow es to catch up

meaning that yes it should be going

above this high but if we start to see

NASDAQ breakdown and Es fails to go to

this high or

higher we

have my eyes going

here so if it's going there I like that

gap for

ES so for those that are watching ES

just look at it like this it's easier

for me to draw that level there but it

still might first initially take out

that high because we have NASDAQ flexing

today strutting her

remember we're not trying to pick the

end of the up move because it's an

election year I told you many times even

in uh Twitter spaces over last year and

the year before election years they

tried to pump up the stock market

because they like to make the incumbent

president look like they've done well

for the economy but the stock market is

not indicative of a measurement of the

economy it's just a speculative Casino

so it's kind of like a built-in

self-fulfilling

prophecy electioneers tend to have a

built-in buy model it just keeps going

higher pressing higher it's easier for

the market to go higher on Election

years than it is to

drop and you add that to the built-in

premise that stocks are meant to go up

the markets meant to go up

it's you're fighting a losing battle if

you're trying to you know trying to

short every instance that the market

gives you some kind of a broken wi

tactic like oh look I'm I'm I'm about to

go down and you go in and you try to

short it you get chopped up like this

which is why I have adopted models where

I have to see certain things traded to

and then you got folks that may listen

to this or watch it and they'll say this

this guy doesn't know where the Market's

going I know where it's going it's going

to keep pushing and squeezing against

people that want to go short

because everything tells me it's want to

go down here but I have to wait for it

to stop doing this part of it and my

rules say it's got to give me this first

well you're you're missing out on all

this are you in it did you go

long I'm not taking anything unless it

makes sense because I'm not I don't want

to take a trade I don't want to go into

a trade I don't want to have a an

emotional tie or concern about the

outcome of price fluctuation unless it

fits the criteria that I anticipate

seeing and if it doesn't have those

those Hallmarks those

indications what am I doing I'm gambling

then if that's what I'm not following a

rule if I'm not fing a model then I'm

just chasing price and that's

stupidity we already know that there's a

likelihood for it to keep going higher

but even if it does go higher it has to

drop and have some kind of a a

retracement some price swing that upsets

liquidity on the on the the downside

sell side sell side has to be engaged

because my mentality is I know that

entities with larger pools of income and

equity and money to put on a trade

better and greater than I

do they're not willing to take any

interest in the market when it's

rallying initially right off the opening

up this

it would rather

be more likely that they'll wait for the

market to come back and go into a pool

of liquidity where there's deeper

discounted prices and that's always

going to be below old lows singular or

relatively equal lows and waiting for

those instances is far better than just

simply saying uh it keeps going up just

keeps going up let me just get in there

because it might just keep going it

could it could keep just keep great on

going up today and just like on Tuesday

I don't care I don't care about that

because I'm not trying to be just a part

of the move I want to be in a setup that

I have framed with logic that I've

recognized I've seen before and I'm not

just going in there for the sake of I

want to put another coin in the slot

machine to see if I can get a jackpot

today that's

gambling so in other words it has to

make sense or I'm not doing

it all the other people out there demo

and do the trades and try to f me and

say I did this but you won't have any

logic behind it it'll just because you

wanted to say you did something

different I was reading uh tan just's

chat yesterday while I was

uh going back over the people I like

looking at and I'm reading the comments

they're saying ICT doesn't know where

where the Market's going to go even ICT

doesn't even know where the Market's

going I was outlining it yesterday these

people are really run really funny

let's take

a peek at the

uh let's look at the weekly chart

[Music]

right

[Music]

here so

4445 is that what that is it looks like

it all right and now we can

go so we're trading in the middle or

consequent correction of that Weekly Gap

or weekly Wick which we treat as a gap

so I want to see does it start to Peter

out and run out of steam

here it Powers through and goes higher

that same level 44450 or so uh could act

as an inversion level but I'm not trying

to do anything with it unless it goes

back down through it comes back up and

then treats it as a a means of support

yeah it's beautiful is

it the other reason why I'd like to see

it trade lower before I would ever want

to go long is if you look at the opening

range

it's

annotated with the high of it here which

is the opening price at

930 many times many many times even when

you have runs that just start running

like this they'll want to come back down

in this case to come down and touch the

opening Range High which is simply the

opening

price and then it if it wants to keep

going higher then it can start to go

higher and press through that going into

the close of the

week either way this is still nothing I

Chase I would not want to be a part of

that and I can understand if you're new

or if you're rather a novice you've been

trading for a little while you maybe

demon trading maybe you passed the

funding account but never got pay out

and you're just always constantly

looking to you validate Yourself by

having criticism directed towards

somebody else if I'm sitting out here

and everybody knows I'm a a little bit

of a loud

mouth and you see runs like this and

you're say well he should he should be

part of

that well I'm not interested personally

in trying to chase after that and that's

that's been my roles ever since I

stepped out as a Trader educator type

Guru if you want to call it

that you'll see more instances of trying

to chase it and then

failing then it just keeps going higher

and higher and higher and never turns

around like these are unsustainable

price runs there has to be some kind of

retracement and if you don't blame me go

in with your account and trade it and

see how hard it is to hold it number one

every little fluctuation or CA

Candlestick that stays small and doesn't

really

rally you're going to start feeling all

of this anxiety because you're like oh

man oh man because it's too it's too

perfectly

one-sided and to me that's just too

enticing for someone to get raped across

the coals and I'm not willing to be the

person to do

that so I I will give up price runs like

that just like on Tuesday it's not

important to me it has to make sense so

we're in uh 10:00 now

[Music]

look at the

Dow it's another reason why I'm not a

fan of going in it because now NASDAQ is

the only one only one isn't it

interesting that I'm live streaming and

I'm telling I'm not looking for it to go

higher I'm looking for it to go lower

and keep driving it higher keep because

some of you are probably trying to

predict and trying to capture the high

and trying to go

short and if anyone's doing that you're

you're providing liquidity for that

market that keep rebooking

higher because they know they can use

your trade to book that higher price

that they keep pumping out into the

marketplace they keep offering higher

prices and you go into the market order

you go in with the limit order that

meets that criteria that you keep

pushing the price the whole time Dow and

I don't make the case for smt just on

the basis of Dow but look at

Dow compared to

es this is

smt look at the uh

es oops that's the wrong

one I was going to say wow we got a we

got a real mixed market now so we have

the higher high there but we don't have

it with the the Dow and go back into

NQ there we

go so we could be

forming an inate term High here for

Nasdaq and I'm interested

in let me leave that there for now I'm

interested in this Gap right here

right

there so now because we've had this

elongated run and Market protraction

higher digging in digging in digging in

taking anybody that wants to be short

out building in people net long so now

they have counterparties that they've

sold to

initial fair value is this not fair

value Gap fair value for the sake of

fair value is the opening Range High

which is the 930 opening

price so it's in my interest to see

drawing back down into that and touching

that again even if it want to go higher

that's

fine thing pops

[Music]

up right so now if say you're long and

you were chasing it here because you

wanted to fade ICT because ICT said I

wouldn't buy this I'm going to go long

and I'm going to be able to show social

media that I went long well you're

yourself

now I want a little bit more than that

just opening and touching that that's

not

enough don't ask me why that's in my

head but that's I woke up that this

morning so I have uh

I have a Samsung Galaxy

Note 20 I think what is I forgot what it

is it's I've had it for like two

years and

uh I did the update on it there our

inversion the you got the uh and now the

top of my screen on the top edge of it

it flickers and it doesn't show the

full like on YouTube everything's

truncated it doesn't show

everything and my emails don't show and

my charts don't show so it's something

at the top of the screen so I guess

that's that planned obsolete stuff they

do oh guess you got to get a new phone

don't you ICT nope this is my last cell

phone I'm not buying another one that

can suck my ass

we want to see it if it wants to trade

back to here we want to see it get below

consequent caching of that Wick right

now it's potentially us using it as

support to go back up into this

inefficiency once

more so in other words we can see a

spike or a wick above the inversion fair

value

Gap can Spike up into that but the body

stay inside of it that's that's okay in

my mind it's

permissible I don't want to see it go

back up to here because that would mean

that this is an exhausting Gap and it's

moved away agressively this one here it

can be traded up into but I'd like to

see the upper portion of it stay open so

let me zoom in so that way you can see

it let me make it maximized first

[Music]

think of it like

this

High there's half so I would like to see

this portion up here stay

open so like

this

here

so that

[Music]

okay so any spiking up with a wick but

the body staying inside of that shaded

area here validates this as an inversion

fair value Gap so now say on a day like

this where you keep seeing this keep

driving higher and higher higher higher

and

it's I guess um I don't want to use the

words I won't I won't use the words it's

a it's more difficult for you to get a

read on it you don't want to trust

buying it because it's going higher and

it's been going straight up from the

open but it's also had a big run at 8:30

so every time Dick and Harry Street

money is trying to buy this today right

off the open and they've rewarded them

with a sugar

rush

but you see the things I'm showing here

this Gap we we want to see a trade there

there's a inefficiency here this one we

want to see that treated as an

exhaustion

Gap this one

we want to see it stay open in the upper

half of it because if it can't trade up

into this portion of it that means it's

really heavy and we can have a strong

conviction I I would rather I would have

a strong conviction about it potentially

returning back to the 9:30 opening price

and leaving that pink area up

here unfilled okay and all it's done

don't completely close it in can it go

up there and close that in and still go

lower yes it's just a matter of I prefer

it not to do that we've had one two

little Wicks above outside of this but

where the bodies are inside of it inside

of that Gap right

there we found our way through the

midpoint of this gap which is the

discount Wick so halfway let me get all

these other extra lines off I'm

[Music]

sorry I was running the standard

deviations on

the S&P last night and I left them

mon so here's the uh consequent corach

that I don't like the fact that we were

bumping up again in here after making

lower attempts to go lower so now go

back into thinking that it could very

well go in here once more maybe touch

the low which is consequent encroachment

of this low that candle's high but this

portion I want to see that stay open if

it completely rolls over top of that

pink area and trades

higher I'm standing still and I'm going

to have no bias and it would be no no

touch no trade not not doing anything

and I would then wait until 11 o'clock

11:30 to try to trade against whatever's

been in the marketplace up until that

point and I would use that as a lunch

macro and I would fade the run at that

time and I'm look for similar

situations so here we are we have we bed

up into that portion here which is

permissible if we can get a

close below this point

here that would indicate that it's most

likely going to roll over and then

return back into uh the opening range

having done this as long as I have I'm

very very appreciative of having the

patience that as a younger man I would

not have had I would have been chomping

at the bit every time it red up I didn't

like oh man I wish I would have bought

that I wish I would have bought that and

seeing how it's trading now I'm I'm

thankful that I have

endured the painful lessons that I had

to endure because if I didn't I would

have I would have never learned any

other way because I had initial luck and

that's always a bad

thing if it ain't made on

skill and and real ability and it's just

luck you can't hang your hat you can't

hang your hat on that and feel good

about it and it certainly doesn't booler

confidence

there we go touch the consequent

encroachment and again I want to see

this portion stay

open and if it trades through it and

above it my interest is over I'm not

doing anything with it and if I have

time I may stream the afternoon in that

in that event no promises but that would

be something I might want to

do for

[Music]

quick P

yes I'm looking at everything just like

you would if you don't have all the real

estate I have in hardware and charts and

stuff I have my single laptop I'm in my

basement laying on my wife's Love Sack

here using the foottoo as my pedestal

for my laptop which is probably not a

good idea that's why it's so hot it's

not even able to

vent ra this thing

up and then uh take a quick look at the

Dow

no participation so we have a

mixed condition where we don't have all

three averages

agreen uh that's also something that

um if this would have been like the S&P

then it really would have been

problematic to be a buyer for me but I

don't need all

[Music]

that it feels like they're going to wipe

that high one more time just because

I'm outlining it for a retracement and

if I was making the market and ICT was

live streaming I would do that too and

then i' sync it after

that see that tiny you think I don't

know what you're doing Phil

that

[Music]

for

[Music]

so so far we've

had this entire Gap Clos

in here the bodies are stopping that one

little little Mohawk outside of that

range this

portion again I'm viewing that as a

exhaustion you press press press press

press High

trade below the Gap I have interest

in this feels like they want to pump it

one more

time

for

[Music]

for

e for

[Music]

I swear that I why anybody likes to

trade Dow is beyond me it is so ugly

it's only 30

stocks so sloppy

[Music]

so now here's what we

have we have the market has dropped

shorts uh have their stop loss

[Music]

here not this

one this

one if we get a higher high because I

have to make my Escape here my

appointment's coming up I'm going to

make sure I get off here and be ready

for it it's a phone conversation I have

[Music]

have so okay we're in this area here so

that means it's probably going to run

this high if it runs the high then I

would look for it to break

down if we can get back below this Gap

this I would like to see that act as an

inversion Fair you got no trades have

been taken no

uh no face needs to be saved no uh no

pain no embarrassment no nothing it has

to it has to provide me the information

or there's nothing to do and I'm I'm not

going to cosign

on Market action that I'm not I'm not

comfortable with and that's the whole

point of teaching my son this way

because it's not getting in a trade

system because you have a

trade so I'd like to see it bump to high

one more time that would that would give

the street

money comfort that they're they're

probably right and then they would raise

their stop loss below here so this is

where a second pool of liquidity

is up equal lows

it's going to go up there it should do

now because you had a gap it overshot it

went into that Gap here so it should

spring up there and clear that

high this

[Music]

yeah I might uh I might live stream this

evening this afternoon

rather if I do you'll see a post on my

community post on my community tab on

the YouTube channel it wouldn't be

before uh

it would probably be 145 if I do it at

all but this for Caleb's learning he

would be doing

nothing he wouldn't do anything

today because the the time constraints

have already expired for him it wouldn't

be something he would be pushing and

doing anything so he would turn his

charts off and just go do whatever he's

going to do and then come back in the

evening and do his logging and back test

to study to see what was available in

price

action I'll stay with you for another

three minutes and then we'll close this

one when we get through August this is

pretty much what the the timelines are

going to be like starting when the

stream hopefully at 9:15 but uh 9:15 and

then closing them by 11:00 a.m. so

they'll be a little bit smaller and dur

ation and a whole lot less talking

because I want to be observing and

watching

price and only speaking when there's

something that's

pertinent so I'd like to see as like a

trap or a one more gun on it to set up a

a retracement into the opening range Gap

high is not just go above this High by

like a a tick or two I want to see them

throw it above there pretty good like 10

15 handles maybe 20 handles above it and

then Peter out and especially if they do

that

with the S&P not doing so hot you in in

in comparison it should take that high

out so so to your understanding I

believe that that high could be taken

out but this afternoon going into the

lunch or post lunch this Gap and this

level right there I believe we're going

to see that again today that's what I

would go into the after without me know

anything more than I have in the chart

right now I would look for those levels

to be treaded to and if it doesn't do it

prior to one o' then I would expect that

to be what we would see in the afternoon

and if I can find the the time and the

opportunity to live stream it and it

hasn't done those things I'll come out

and I'll try to walk you through it as

well but the

ym this is a sick puppy

like I would not be interested in that

all

now one of the things that Dal tends to

do is it'll do all this lethargic I'm

not following along in pal and then all

of a sudden it comes to life and real

suddenly runs and gets to these levels

so then that way you have any

cancellation of an smt Divergence where

one indic makes a higher high or two

indices make a higher high and one

doesn't generally it's usually going to

be the Dow that doesn't want to listen

it's a brat it just does not want to

listen and that's the reason why I don't

trade it because it's usually the first

indication

of things starting to crack things are

not uh they're not as strong or as weak

as they may

[Music]

seem and I prefer to see a smt

Divergence on either the es or the

NASDAQ compared compared l so in other

words if a higher high seen in

yes if the market breath and

strength is there then the NASDAQ should

do it too and if it's not if it's not

seen then I'm not really willing to

Chase or look for continuation or look

for a follow through for the session or

for the

day right this should pop up there next

candle

[Music]

there it

is so anyone that's short here they've

been canceled out so then now I can't

stay with you because I got to escape

now but uh I would look for a reason for

it to roll over and then it start to

accelerate and I treat this Gap as an

inversion pair value Gap and because of

the range and the size of it run the

quadrants on it so put your F on that

candle's low that candle's high and have

all those levels in here and we would

start to see once it gets down below it

we want to see the upper half of it left

pretty much open not try to trade to it

too much and all the work be done at the

lower half or underneath it and then

send us below the consequent corre of

that Wix

midpoint and accelerate with large

candles below here trading back down in

to opening range Gap high and if it

wants to accelerate through that into

the afternoon here and then liquidity

there and it can still go higher after

that just know that that's uh what I

would

expect and I think that's going to be it

uh not all that terribly sexy

today but uh that's how it's going to be

sometimes when you're trading your own

money you just going to have to wait and

don't force it that's going to be it for

this one I will touch base with you this

afternoon if the it's possible if I can

work it out with my wife and she's okay

with it and if not I will see you

tomorrow um before 9:30 opening bell

let's say it that way I'm going to aim

for 9:15 but before the opening bell at

9:30 New York eastern time so I'll talk

to you then be safe

[Music]

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YouTube Transcript:ICT 2024 Mentorship Lecture #9 August 15_ 2024

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ICT 2024 Mentorship Lecture #9 August 15_ 2024