ICT Emini S&P 500 Review / January 03, 2023

hi folks just a quick little video

this is the area I was watching on

this morning

and we're waiting for PMI number to come

out

at 9 45 and I was expecting it to likely

whip up into that and then look for a

sell-off and I tweeted about that this

morning as a potential scenario we were

waiting for 9 45 News not just simply

waiting for 9 30 opening

thank you

this old high here why this one is the

highest one in the range from today's

opening looking back here you go this is

the first one you go to that would be

higher than this one

and before we get this volume in balance

so we're stuck essentially inside this

range

waiting for it to come out of that so we

can obviously trade inside this range as

you watch me the other day but it takes

a little bit more patience

so we can drop down into the

60 Minute chart all right here is the

one hour chart you can see how we did

not get up

into that employment balance on daily

chart

we swap the buy sell liquidity

twice once twice

broke down

if everybody got

salsa liquidity and the 30 minute

whatever you got so notice we have this

big run here

but if we drop down into a

30 minute chart now I use the 30 minute

chart because you can clearly see that

imbalance right there

so

failure to get up above this High here

and run for that that's what we were

waiting for confirmation one way or the

other if it was going to run there not

in a hurry to take a trade

first trading day of the year

everybody's going to be wanting to get

in there and do something right away

we have a fair value Gap there

and you can see all those tweets were

mentioned before the fact

and then I mentioned that we would draw

down likely into this area here so let's

go into a 15 minute

okay and very clear 15 minute time frame

fair value Gap

beautiful return into it repricing and

then lower

down to a nice start of 30 14 and a half

five minute chart

[Music]

Market trades above again where the buy

side is nice round number 3 900. there

breaks lower

this low here we're going to look at

that on a one minute chart all right on

the one minute chart you can see

we had a run up into where buysite is

Market breaks down takes out swing low

now why do I like this low it may be

something like this one not so much well

you could have used this one here

where we went below it right on that

candle then we trade it right up inside

this imbalance there

that's more or less a institutional

overflow entry drill it breaks lower

really changes the market structure here

and over here so this is going to be a

little bit more

of a quality type setup

to have a fair value Gap in here

as it traded up into that that's an

expectation of lower prices because this

is also a breaker

bearish ICT breaker okay so inside this

lathdown close candle

it's returning back up into notice the

bodies of the candle they're respecting

half of that range from the candles high

and low

that right there is mean threshold mean

threshold is half of an order block

ing breaks lower creates another

imbalance repair of a gap from this

candle is high

that candle is low

and that shaded area in here

so I'm going to take these off as I talk

about them because it's no longer

important

and we have the up close candles here

once we break through it it's a bearish

order block

and institutional Oracle entry drill and

a fair value Gap so there's lots of

confirmation for wanting to be a short

seller here

on this candle as we trade up into it

and trade lower

leaving that open

okay leaving this range here open

is what Breakaway got

okay the market trades lower into our

survey gap on the 15-minute time frame

it consolidates I go short one more time

and accelerates down into

the 30 minute fair value Gap

here and as we went down below it limit

order was filled

and then we retrace all the way back up

to a perfect return to the 15 minute

fair value Gap look at the Precision

there now go back and look over here do

you see any kind of classic support

resistance that would justify that

perfect Precision right there no but the

algorithm does and sees the fair value

Gap that I've outlined on the 15-minute

time frame that's real support and

resistance folks the market trades lower

down into the low end of our 30 minute

fair value Gap

beautiful delivery and I

more or less told you all to screenshot

it on your own chart not just simply

take my charts because it's that's a

lazy person's approach to doing it you

won't learn that way you want to get in

here and get comfortable marking your

charts up it takes a little bit of

effort takes time

and

it's important for you to be able to do

it and if you don't do it if you don't

like doing it I promise you trading

won't be a successful Endeavor for you

you have to be involved you have to do

it yourself and it requires a lot of

effort on part of the students

Market hangs around

Works inside one more time consequent

encouragement which is the middle of an

imbalance mean threshold is the middle

of a order block

consequent encroachment is the middle of

a gap okay or an inefficiency like a

fair value Gap by sound of balance

outside efficiency or South side

imbalance by sound efficiency either or

just write that down because we'll build

on that as we go forward in the

mentorship but it goes halfway up into

that and then clears the buy side cell

size below here attack it runs down to a

really beautiful Turning Point 30 14 and

a half

and then now we've returned back up into

that 30 minute fair value Gap and now

consolidating in

around

and working the top end of that 30

minute figure that you got

so we'll be looking to see

[Music]

an eventual breakout of not that I'm a

breakout Trader but we want to see a

break out of that daily range before my

interest has really peaked on any

sustainable price run for analysis

purposes otherwise in layman's terms in

Easy language

we have to be an intraday scalper

until there's a higher time frame daily

narrative at work so that way everything

we look for is on a small time frame and

not expecting big monster moves

all right so we're watching price this

morning uh first trading day of the year

I went short on

two fair value gaps and

one at the top of the orange Fairway Gap

at 38.60

looking for continuation down into the

levels I shared on Twitter initially I

thought that we would get 39.20 as a

run-up aggressive run as a Judas swing

like a fake rally aggressive

during the PMI numbers at 9 45 uh Marco

was not having that so that's why I said

we have to wait and see what the market

does it failed to run above the 39.05

level

so I waited for the shift in Market

structure at just

below

38.72 and 3 4 73 and then return back

into a fair value guide you can see the

entries on the left-hand side on that

one minute chart

broke down traded again on a short entry

into the fair that I got and also very

shorter block and the third entry is at

the top of the orange purvey Gap at

38.60 as it traded up into that looking

for heaviness going down into

the 38 39 and a quarter level so I took

one partial

leaving two contracts on and I want to

get below that 38 42 50 level that's

where sell side is you can see that

noted on the right hand side on a 30

minute chart

and then why am I using a 30 minute

chart I want to see price remain below

that pair of a gap here on the left hand

side

if it goes above that then I'll probably

have to want to close the trades when

I'm thinking but I want to see it remain

heavy

heavy means I want to see it Go lower

and have difficulty rallying higher

and if we trade down below 38 42.50 I

will take one off but rejecting that 38

I'm sorry 3920 level like I was

expecting that daily volume balance up

there right hand side chart the upper

orange level

uh that to me was a likelihood of a draw

on the news driver okay but

I'll take another partial off here

and we'll see if it wants to go down and

take that I I mean a low hanging fruit

objective now

and we'll see if we get that

boom