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