Inside ICT Student's Mind Vol. 12 | Live NASDAQ 3R Trade
thank you okay welcome back everyone we're looking at NASDAQ here it's a relatively close here and a bunch of kind of consolidations I was consolidating here so this is my drone liquidity I believe we should seek lower prices um we are in a premium from the current range and C you have this imbalance right here so we are right now inside of it and we took out this swing High here right now it's 10 23 so about an hour since equities open again everything is always done in real time all right so looking too short on the one minute time frame we'll compare this to s p also you can see that this swing High actually wasn't broken by SMP um so this candle here 10 15 broke this when I this failed and it's only now approaching to it I think we'll tap into that only could tap into this high and once we do I'll be interested in shorts on NASDAQ so this is there is a little bit of delay in both use as you can see like delay on SMP in this high ER screen I'm looking at SMP foreign so even though my drone liquidity is here I don't need price to go all the way down here to be profitable right as a scalper like most of my trades are two to an F are maybe three so if I find a good setup I don't need price to go all the way down here to you know capitalize on let's see s p came pretty pretty close on this candle here but not quite yet so again I'm just waiting run as s p is willing to break this high of short NASDAQ because NASDAQ has already broken this High here the same height and the as you can see here this imbalance right now basically what it did was this is your and support resistance to use this imbalance I love price section here right so let's wait a few more minutes foreign this is looking good you know that we might not actually I'm looking at Price section we might not break this high let's see I just need maybe one or two more minutes and it's honestly this is a little bit hard to explain this is just by looking at these candles what they're doing here based on my experience like the patterns how they behave okay now we are okay we did that okay good so this is where okay we just broke the high so I'm just going to sell I'm going to sell right here and you might wonder why you know I'm basically not waiting for any other confirmations foreign a little bit Above This high so 21 points I believe that because NASDAQ is already in such a large premium and based on my understanding the price action now it's time to seek lower prices and as you can see here even if I just go below this one low this will be already as we are we are so if I hold here this will be a large trade which you know I'm not going to of course but okay let's say yeah I like this when low because this when low started the uh this run up here so if we just Target this this will be almost as we are let's make it 3r yep so right here so as you can see s p did break this high okay I was concerned I was looking at these two candles uh how they were moving I was concerned maybe we'll leave it leave it packed but but again I wanted to see a few more than the surprise sections so uh we did eventually break break it that's okay now see how it looks on the 15 minute chart like compare this price section with s p s p is clearly not deny retrace as high and also we had smt on the previous lows on the previous day so we had this retracement higher unless that made the lower low slightly low low right so for the PM session this was a nice buying opportunity and now I believe this trade is not going to take a long time because all this was really so right now it's 10 30 all right so one hour since Equity is open so we had what was it I think this candle so 9 30 is when this uh it went higher price of Trace lower so all of this to me is a Judas swing when I would do this or to you know uh induce buyers who use people to buy with the Rio Pi time frame bias is very well at this point again we don't even really need the one hour chart you can kind of see that we have relatively close here um a lot of consolidation here so obviously first price we'll have to tap this but all I need from this whole move is just price to go below these lows and I'll get my 3r d letting me when you remove this also foreign so I think on a day like this it's not the easiest price action actually but also if you look at the there's no high impact let me see I think there's no high impact news today really that's why you see you know what you're seeing here well not for the Dollar Tree so it's 8 30 again I'm looking for my phone yeah there's no high impact news for the dollar we do have some kind of FMC member speak but that's that's at 6 30 p.m Eastern Time um you know that doesn't even mean anything and yeah I'm just managing as always my uh the trade on my phone not always not it's really it might seem easy but it's really not to you know record the trades uh comment on it and also you know do executions that you can have my phone in my left hand and execute and for all these types of Trades that you've seen in the life of country trades right the ones that I do recordings all of them are made on my personal accounts I don't want to risk when I trade my funded accounts I'm fully Focus no distractions and I don't want to be distracted by you know recording the trade narrating there uh on the funded account because obviously I want to be very focused and make sure that you know I will make some kind of mistakes and that's why I don't have my funded accounts on my phone I only have them on my computer that's how I manage them but on my phone I have my personal accounts which I'm comfortable with you know creating if you look at s p also yeah we like to levels High started retracing and you might also wonder why okay why out of all these eyes why kind of you know this high and eventually you can see obviously like you know like these highs too but to me this was the only significant swing High um an s p if we compare SMP this is the only significance when I starting from again from the 705 so starting from seven o'clock which is kind of the beginning of you know New York session and to me this was enough just comparing the price action of high how s p failed to go much higher than NASDAQ because if we compare this fractal with 6 cm I'll see how it's dealt with similar hours so if we look at the current range right from this when high uh Superior traced basically you know a little bit less than 79 percent while NASDAQ and a much deeper retracement almost 100 right right almost like 100 but this is what observing price on the one minute chart over the years this is what gives me confidence to enter this trade right I explained my logic this was the important like Community it's easier to see on the smt this is the only importance to hide starting from the New York sessions so I was wanting I wanted to see I saw how it was already traded with this candle here I can't see the NASDAQ but they failed to do so it failed even to break this High here and then um at the same time so I was waiting for price to just hit that and I was I got a little bit you know wasn't so sure with this price section of the scandals here but again like I said when it waited a few minutes to do a break so okay once it broke I just sold short um if it is confusing for some of you that's okay if you're new you know if you're new to trade in ICT style that's totally fine again this is something that just comes from experience and observing how price behaves and that's why I like being a scalper because you see so so many subtle price section movements so many setups on the one minute chart all right obviously everything repeats on any kind of frame also but because you can be on Lower time frame So You observe them happening more often that's how you train your brain more of more up too you see those things happening more often and in your subconscious mind and eventually you know it just ingrains in your brain those price action patterns um the sense of repeats in the markets over and over again and eventually builds confidence it's really there's no other way around it you know you can study from someone have the Holy Grail there is no Holy Grail of meaning in trading but you need to have experience you know how to filter good setups against bad ones and let me just comment here also so we are basically in this this candle is your accumulation candle before the last top higher all right so we are retracing inside of this we do have an imbalance also here all right so you can see messiness there's no imbalances in these candles but we have your accumulation and imbalance here so now I will anticipate to see you know price going low um and uh so while you do see that this imbalance slightly below the 50 right ideally you would want to shorten the premium but because from this fractal because we have this accumulation here and this imbalances inside this accumulation this is words this is what matters the most to me not always price will give you a short in uh you know in a premium I mean this is where I'm comfortable showing so I like this I like how the body is so a little weak here let me take a few seconds not even like one second week but look at the bodies how the body is closed inside here all right this is good so where are we in three four three are so we've been in this trade so far for about 12 minutes okay and why this here um we showed it basically on this candle right here right foreign this is looking good nice nice nice very good see this is why if you were anticipating price see this is again I keep mixing The Cribs up so in low swing High this this week happened like so quick like hit me a second it would be almost impossible to catch this right one second and you see that the body is closed here so oh actually wait I take my words back so I guess this imbalance was slightly above the fifty percent okay huh see it's hard to manage trades like narrate this and many trades on the phone like because I think I uh I guess my tips were not on this swing low because my uh maybe 50 was a bit um somewhere here right anyways now you can see that yeah this symbol was did in fact the upper portion of it didn't affect low about 50 but I'm I don't really use fips I'm just showing this for you to um so you can guys see right uh and learn again the biggest price action confirmation to me was that the price retrades back inside this humiliation before the last run up here and we had an imbalance inside of it and you can see the beautiful reaction how the body is literally closed inside an imbalanced and started trading role right so I like this so at this point uh my stop loss should be everything yeah we are at one I'm putting my stop at break even so it's a risk-free trade and by Break Even again I always mean like slightly in profit so if it does come back and take me out you know the commission will be covered and let's see again I don't I don't usually uh put my take profits uh I was close manually but the stuff was obviously it's there but they practice it always just you know close manually and this is good at this point we are basically at 2R this is good why is it um okay never mind so just below this low is where I'm going to take my take product and if you look at SMP uh kind of is doing the same thing look also accumulation imbalance right there balance with accumulation there's there were no imbalances above that so this is where the price stopped very nice very very nice reaction so again this is also these last uh these two down closed candles are accumulation right so the one that we had we've seen some retracement here that's okay foreign balance here and a tiny tiny imbalance right here and I know this is good enough thank you let's see come on so this is again this is basically how I talk to myself when I look at Price what is doing that's how I interpret price I'm just fully focused Trading right I'm being uh I'm willing to adapt to the current price changes and you know sometimes if I feel like have a certain Target and price is not going to reach for it I'm going to adjust and close early or you know because or the very least move my stuff to break human and let it ride but most of the times I would maybe close early if it doesn't hit my target uh but this price section looks good to me or I like the one minute charts because so much is happening you can see so many things going on that this this you train your brain faster as opposed to if you would say we're just trading on a 15 minute chart right those setups obviously also happen but not as often so in your development and even if you don't want to be a scalper if you cannot be only one minute shorts if you don't want to be trading those I think it's very very beneficial to trade on the one maybe five minute charts at least but one minute chart is great to learn because you will again you'll just learn like that much faster rate that's at least just my opinion and then you just everything you learned and the one in the chart you apply to um you know High time frames because time and price are fractal foreign this is looking good so far foreign right now so now I need price to break this low of course and then just go for the next level okay good good good we'll grab this hello what was it I saw this was a three hour trade did I move something here I don't remember I saw this was a CR to this level it shows me two and a half well regardless you can see the execution uh see how price reacts and again maybe my entry was a little bit Advanced because I literally just shorted after seeing s p break that high so that you know that is a little bit more advanced but what stops you from let's say if you you know what stops you from making the trade here let's say right you see accumulation again imbalance like I explained this is also your twin low breakthrough structure so technically this entry here would be an ICT and right uh ICT YouTube model so you can really look at it however you want I'm just showing you you know how I interpret price action based on my knowledge my experience the things I've learned over the years both from ICT and from my own personal observations my own discoveries okay I didn't really like this video is already almost happened so this is I noticed also you know I guess a lot of people don't watch these long videos entirely and then you know they miss they end up missing the point uh or missing the entire logical way but those who do watch entirely you know first of all well of course I appreciate it and secondly you know you get the benefit of understanding completely my thought process instead of just you know watching a few minutes seeing what the price did without really understanding you know why I'm doing what I'm doing right all right perfect perfect perfect perfect foreign just close the trade on my phone so this was 60 so I got like 63 64 64 points not bad at all right not bad at all um this was a good trade hopefully you learned something today again you don't want to make this video any longer than it has to be so hopefully you guys enjoy let me know what you think and I'll talk to you next time take care
2022-10-21 02:44
