Inside ICT Student's Mind Vol. 8 | NASDAQ Live Late AM Session Trade

Inside ICT Student's Mind Vol. 8 | NASDAQ Live Late AM Session Trade

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hi everyone welcome we are  looking once again at nasdaq here   this is an hourly chart you can see price  did just fill this imbalance time is 10 46   so still late am session ever since mentioned  as my computer is always everything's done in   real time so i want to see if we can get any  loan opportunities we took out sell side here so i like when i see here i'm going to enter ah well i missed the wall  let's see if a small retracement will happen   i'm go i i like what i see all right let's enter here and i'll explain in a second why so my  stop list will be was it like 30 points 28 points just below this low let's remove this  you already saw this imbalance so hold on give   me a second let me put this on my computer  i mean on my laptop on my phone jesus christ   stop us okay good so we are  targeting just a scalp for 2.5 or just above these highs that's all i need so  why am i buying also i'm looking at if you compare   on the one minute chart look at these  i'm looking at the other screen on my snp   so compare this price section on the lows here this price action on snp so smp may lower low okay this is good was that looking what am i looking at i'm sorry i'm  a little bit distracted today okay so i was looking at this candle 10 41 and 10 1043 even though this is not a swing low   and you compare this to nasdaq yes the same one  so this candle for this three did not go below   this level here so to me this is important  this is not exactly your smt this is just again when you look at indices that are closely  correlated you see certain scenes on lower time   frames like this those subtle signs and i'm  just this trade is probably more advanced   based on my own experience so i i noticed  these types of scenes like this is a swing low   it went below this level here but this one low  did not go below this low even if it's not the   swin low the first one so that's important to  me um this is just again i'm taking a trade   based on a lot of things that i learned from  ict or my own observations across the years   and some of these things uh might not be clear  for you right now and that's totally okay don't expect to understand everything i like how we just feel this  imbalance right here so this   should support our theory of price wanting to go  higher above this clean highs and also if you look   at s p these highs were different too right this  was a high high so the price did drop also below these lows relatively close it also dropped inside an  hourly imbalance right here so a lot of things going on at the same time right and nasdaq also went below this loan this low ch this is looking good so right now we are almost at  what 1r yeah 1r targets in 2.5 trade going to put my so right now we are  do we hit this imbalance yeah we did   so i wanted to go a little bit deeper above this  high and i'll move my stop loss to um break even so it's going to be a risk-free trade and by break  even as always i mean just a few points in profit given the recent volatility still sometimes  you can even if let's say the trade comes   back takes you out you still can  get a slightly negative sleepage so   it's always especially now it's good to  place your stop above your entry a little bit and eventually i do think we actually price does  want to go higher above this level but i don't   care that's the framework i'm working with as a  scalper that's my typical risk to reward anywhere   between 2.2 to 0.5 usually that's what i am aiming  for i can find those trades several times a day that's that's what's been working for me actually let's plot the hourly oh  we do have also this imbalance here   so of course after taking by side here  previous days high there was a clear cell side resist support here inside the imbalance  so usually that's a sweet spot to target and let's   just see i'm planting it to see we are basically  right now you can see we are inside this imbalance   this large one now the imbalance let me just  remove this maybe make it a little bit more clear so price is inside this  scenario in this hourly gap it's actually pretty  beautiful to see how this wick   rejected right the upper portion of the  imbalance at first this is beautiful okay okay good i just moved my stop also to break  even so this is a risk-free trade my stop is around here a few points now we just wait i'm not  going to take any partials unless we take too much time if we consolidate maybe before breaking  these highs maybe i'll take a partial   at around 2r let's place our stop where  it was before just to keep track of   but regardless you already know so this trade  where is it so this will give me a 2r so we'll see this level right here is  basically torn that's good yeah because we are kind of late in the session so sometimes we might see price stall how's the smp looking oh smp already  broke this heist as you can see so this was a nice trade also  pretty much what no drawdown could have had a little bit better entry  but while i started recording and all those   right screen sharing is a little bit too  late because i've entered somewhere here you know what no because s  p already broke these highs   we are late i'm just going to adjust my target  for just a 2 hour all i need is a little bit   more i don't want to set here longer than  i need to 2i will work just great for me because we are basically inside  this candle right here so you could absolutely you know  just spike also higher but   just because again time is not the best it's  already 11 o'clock as you can see right and smp   going higher i just want to close out this trade  with the 2r without worrying about anything else   and then maybe i'll i'll  come back in the pm session and again i always i don't  usually don't place take profits   um you know i always close them manually anyway you almost got it huh yeah i don't like how long it takes mm-hmm you yes we've been in this trade what 17 basically minutes so you see how we get we're  getting this retracement right so right after 11 o'clock let me see how much would this be 1.7 ish so see this is like i explained  to you the logic right why first i adjusted my trade to a 2r  time and correlation with s and p and so it all makes sense to me so you have  to be like once you let's say you have to   be flexible you know you have to adjust  to what the market gives you you can't   know everything for sure when you enter  a trade right otherwise it'll be too easy that's why we are called speculators so speculate  the price will go up or down and we execute based   on it but sometimes price is not going to reach  our objectives but you still can be profitable or   if you understand why price might hesitate to get  there you can collapse in a you know smaller win and just call it a day and come you know come back   in the pm session or in you know  in a few hours whatever it is so right now it's pretty much 1.5

you know what i i let's see i just took a partial because i don't like this so i took a partial at around  1.6 somewhere like this here yep no i don't like it i close the trade i collapsed the whole trade just now  i don't want to spend this any longer i can be wrong and it can just might as well  in a few minutes give me what i wanted but   i just stick to my rules i don't like what i see  again everything is explained to you hopefully you   understand this this is probably where the  troll will say oh you only got a 1.6 ish r this is a lot of times that can happen to your  trades not every trade will go in the direction   as you want it and you can see we start seeing  little retracements at this point i don't know   it is looking confusing to me i know if it wants  to go higher if it wants to go lower it doesn't   matter i closed out in a profitable trade so i  think this video is actually a very good learning   experience that you see you have to adjust to  current market conditions what price is doing you   have to be flexible you don't marry your target  as it's you know it must always hit sometimes it   won't so it's better to take something off right  it's better to pay yourself to get a small win i   mean this was a 1.6 ish 1.7 pretty much trade you  know that works for me nothing wrong with that   the logic was there you saw it happening the  trade had pretty much no drawdown this was great   so until next time hopefully you find this video  useful and interesting until next time take care

2022-08-05 19:12

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