ICT 2024 Mentorship \ Lecture #16 August 24, 2024 - Двуязычные субтитры
Hello, folks.
so obviously this is the very first video here it's a review and it's more
or less an exercise on showing my son and all of you that wish to follow along
this journey how to annotate your chart okay and how I'm individual segments of price action.
In full disclosure, obviously, there's times in the live streams that I'm doing on my own channel.
I'm live streaming and outlining price action.
I'll prompt you periodically to screenshot.
and when you do that if you're watching it live you should be doing it with your
own charts not mine for the folks that don't have the ability to watch it live
when it's happening you can cheat I'd rather you didn't do it this way but you
can use my charts to get yourself acclimated and caught up but eventually
you want to be dealing with your own charts okay so to give my via what that looks like,
how to log specific charts for a session.
So day, one session.
What should he have in his chart?
What is he focusing on?
Things that are going to grow his understanding and your understanding as a student that may be following along,
going through the same learning curve as Caleb, this will give you some idea on how to do that.
My suggestion would be to use either a PowerPoint or use notation.
There's a lot of different mediums you can use to capture and save your screenshots for an individual day.
That way you can annotate any observation and I'll walk you through what that might be like.
I didn't want to annotate the chart here anymore that's already done.
but I'll prompt you on what you can be observing,
things that you want to record,
and these are pertinent for each individual session, but it's also growing over time building your understanding of price action.
So this is going to be like a daily meditation.
You're going to go through it.
It's a I promise you it will feel like it isn't going to do anything for you in the very,
very early stages of doing it.
It's going to feel monotonous.
It's going to feel like it's a waste of time.
But I promise you will start to see the things in price action because you're doing this very thing, Caleb.
All the things I'm highlighting real time and calling a special attention to before it forms and how it should behave,
I had to do this very thing to get comfortable anticipating it, expecting it.
being able to repeat it day by day, week by week.
So obviously, watched what I did on Friday where I did very little talking.
I talked about only what I was observing in price action.
I didn't rant.
I didn't go through any kind of rabbit trails or anything like that.
I a few questions briefly for folks that had luck.
In my opinion,
questions that were worth responding to,
not that everybody's question isn't worth responding, but where we are in the mentorship for 2024 on YouTube, this for free.
The level of questions that are coming in, most of them are asking questions that are not germane to what we're doing.
They're asking about crypto or something like that.
re-watch that live stream.
Okay, you'll hear me talking about things I'll mention in here as well, but I don't want you to take my word for it because if you
didn't watch the video or the live stream live or if you didn't watch the recording of it,
you're missing out on some really foundation work for determining when to see.
When to anticipate and price run what's out of the marketplace should you be focusing on so?
the way I got to that ability and Having that skill set is I did lots of this stuff right here screen shots,
logging charts, and then filling in the areas that I leave in my chart open like this and like this in this area over here.
And I type out information that's useful to me.
And I'm going to suggest some of those things as we go through.
But I didn't want to fill the chart up because I know some of you are just going to take that screenshot and be done with it.
I want you to go back and watch the live stream from Friday.
And then you'll see that there are.
more significant leaps in your ability to see what's going on, because you're doing this very exercise.
Not just once in a while, not when it's a good technical day, but you want to do it every single day.
So, Kale, this is what you're going to be going forward.
Obviously, you're charting and your journaling will get a whole lot better.
I expect it to be neat and if not,
I'll be grilling you about that, but if we look at the dealing chart here, upper left-hand corner is the mass deck.
You can see that we had this volume imbalance.
Here, and I'm going to count you to go back and listen to August 13th 2024's live stream at the end of that live stream.
I covered when we were down here.
I said that we were going to go up By side here we have a small portion of this city still we have this
bearish order block.
The main threshold, this is being highlighted here, that dashed red line, that's what it stands for, bearish order block main threshold.
So hit with an order block is main threshold.
And then I said we have the rejection block,
then we have the wick here and prior to that, we have this volume imbalance as well.
And eventually, you know, if we can get through all this price action in here, then we can contend with something up here.
But right now, this is where my focus was.
And you can hear that in August 13th, live getting towards the end of the recording.
So gave you all the pertinent higher time frame daily PD arrays to look for when we were down here.
We were looking for higher prices.
We did not look for lower prices.
We've been maintaining expectations moving higher.
So I want you to take a look at how the low of this candle,
which is the SIVI high of July 23rd,
2024 here, and then because we have a volume imbalance, you want to have both reference points there.
But because we have to work when price was down here, we have to work one level at a time.
This is the level we have to be aware of.
Then the next one is the mean threshold of the Arizona block.
Then we have the high of the volume imbalance inside of the city, which is daily city volume imbalance high on July 23rd, 2024.
You'll be able to see that take that a little bit clearer because it's all scrunched.
up for me to show the chart like this.
But this big down close candle is a sell side of balance by side of efficiency, which is the SIBI on July 24th, 2024.
So we were working all through that price action.
And we hammered into the rejection law.
around Potency up into this Wix consequent encouragement,
and it just fell short of that,
which was indicative of Unlying weakness and we saw that big smash down on Thursday
And then today we worked into the main threshold of that bearish order block,
which is the halfway point and We were looking for Indications that we might want to go Now,
on Friday, we had Fed Chair Powell speaking at 10 o'clock.
So have that in mind.
So everything that I just mentioned here all the salient points, what levels, and all that.
You want to have those annotations typed out about what was useful on each day,
how it traded to it,
what was the highest high and lowest low, and how it worked with these levels that we outlined in advance on the 13th of August.
And obviously, last week, we did a clinic on how to use this information intraday real time.
All right,
so zooming in a little bit,
okay, Caleb, you're going to do the same thing whenever there's an area of concern or where you're focusing your attention.
You want to have a chart that shows the general proximity where those things are,
meaning the volume of the ounce, and volume of the ounce again for the folks that don't know what that is.
It's any candle that has a body that doesn't touch or overlap the previous candle, so you're looking at two.
Candles that would be side by side,
if there's ever separation between their bodies,
but don't connect at all or overlap, the difference between the previous camel's body open or close, same thing here, there is no special distinction.
function, whether the candle is up or down, you're just focusing on the separation, it's going to do two candles initially, okay?
So that is a volume of balance.
The wick may travel and it may open up above the previous candle's low.
That does not negate this being a volume of balance.
Volume of balance is the bodies have to touch.
If there's one tick difference, that's still a volume of balance, okay, so you won't be aware of that.
So let's continue on.
Now what I'm measuring here is the difference between the volume of balance high on the daily chart.
Again, we have gone down in below our time frame jet, upper left hand corner, you see that.
So the high volume of that candles close and this candle's opening.
We're measuring that to get a consequent encroachment level, which 19,904.00.
That red line, carry that through.
You can see I think it's respecting that on the high on Friday.
I believe so.
So, August 23rd, 2024, you watched me outline my reluctance in wanting to go along and then
I outlined the short trading down into low day and we'll walk you through that as we go.
But you want to have that.
level on your chart as well,
but I'm going to remind you that if we are moving lower and we expect weakness and we have a higher time frame PD array like this,
we've already worked one candle, two candle, three candle.
higher than the volume of balance.
But now we went below the volume of balance.
So the best form of showing respect of algorithm price delivery is that it should not trade into the
upper half of that volume of balance.
Okay, so that right there indicates that while it could go against my expectations while I was live streaming.
It could very easily have traded above and went beyond where I thought it should go,
which it should not go into upper half,
and that volume imbalance upper half or the premium side of it is shaded here and pink,
indicating that the new day opening gap on 22nd,
2024, and the daily sibby volume and balance high should not be traded to because we've already went through it one, two, three times, and we broke through it.
So this candle here,
this up close candle here on the daily chart becomes a big So we can use this higher time frame daily chart,
bearish order block,
to trade inside the range on an intraday basis on Friday,
expecting that we should not get in it at upper half of that volume way else, because we left it decisively, see that?
So now we're going to drop in a lower time frame.
Note all the levels here and what they're indicating and we'll see all those same things when we get into a lot of timeframes.
Before we do, we have the order block itself and that midpoint here is mean threshold.
That's what's being shown here.
Okay, so I'm reminding you that that's that level and what that is.
So it's 19,81.75.
Right, dropping all the way down into a 1 minute chart.
Again, I'm taking the liberty of assuming that you have watched Friday.
August 23rd, 2024's live stream.
So, all the details that I was outlining there in addition to this.
This is coming the advanced perspective of what I was utilizing.
I also referred to this in the live stream too.
So, in the one minute chart, you'll see me I'll say that this is a balanced price range.
So it's going to take a real move to get up into August 22nd, 2024 level.
The daily, sibby volume and balance high wasn't even factor because this was the next PDF, right?
That would be above.
but part of this balance price range.
So we're going to look at this segment of price action,
and I mentioned that this was a balance price range, and what does that mean?
Well, we have a small little south side of balance by side of efficiency between this Campbell's, low, this Campbell's high.
So you would have that noted, and the market does in fact trade up the price range.
We wick just a little bit above it,
that's fine, breaks lower, trades to this low, comes right back up and overlaps over all of the price run from that propulsion block.
This is a propulsion block because we have a bearish order block changing the state of the deliveries here.
We cross over it there,
so any rally back up, we have up close candle, the up close candle is another order block, but it's kind of like an accelerator.
It really kind of like pushes price, they expected to go lower, and the market breaks lower once more.
We up into portion one.
sells off one more,
goes to a lower low than that low,
so we have this low,
then retraces all the way back up into the propulsion block,
and then finally gives up the ghost and breaks lower and leaves the range defined by that low, and that high.
So what makes this a balanced price range?
We trade down, up, down, up.
So we have worked all of this price action in here back and forth.
It's offered efficient delivery higher and lower.
And then once it leaves it, once it leaves it, it becomes a balanced price range.
So it's not a matter of just go up down and leave,
it's got to go up, down, back and forth, delivering up by side, delivering down.
All of this back and forth price action.
It's a clear and obvious trading range.
So it's balanced It's going to take a very significant price run to get above this high and above this high
So watching the new dooping gap on the August 22nd Dornett live stream.
You'll hear me say You know if it if it wants to continuously power through then the next thing would be here
But I tell you very specifically I am not interested in going
because of the factors over here and what I outlined on the daily chart.
So this is a balanced price range.
Bounced price ranges are very difficult to get through.
By or stops above, this high here would be called high resistance.
meaning that it's going to take a lot of movement,
something very significant, in this case, manual intervention, where the algorithm is over by a manual intervention.
So reprice aggressively there because they just want to mess with everything that's in the marketplace.
And can sometimes happen.
Just at FOMC, just look at North Park payroll, look at CPI, PPI, those of events.
You always want to trade after those new drivers because you don't know what they're
going to do at the time of delivery at those high impact or medium impact news drivers.
So whenever you have a balanced price range,
you want to extend that throughout the I did not have that on the chart, but I have these levels on a notepad.
So I'm watching it and you can see how quickly the chart gets very, very busy.
You you're learning it may be beneficial for you to have this on your chart, which is what I'm teaching my son to do.
Okay.
So know that we're looking for these things to have.
an effect on our perspective on price action,
seeing what price may do around them, not that you should expect to know what to do with them right now.
Okay, look, what you're doing is you're collecting information so that way you'll start having a journal of price action.
You can go back and look and the things you're going to learn by going forward.
With me teaching you,
you'll be able to go back and see the setups were there too,
but it's not important for you to see them right now,
but you do have to have the mechanics of seeing what price action looks like, what is balanced, what's inefficient, inefficient is this run here.
Okay, so it leaves it energetically below that low, that is displacement.
It's leaving aggressively.
So if it comes back up to the low of this area here, up into this Campbell stick here, that means we have what?
We have a return back to a balanced price range,
and it should have really hard The difficult time, if you will, to get through it, to get to this PDF right.
So this is kind of like guarded.
By the algorithm.
It's not likely to see it trade to it But if it does it's indicative of okay, then there's something else at play.
There's manual intervention I won't chase it going long.
I'll just cut the the interest in the day and be done All right,
so that information we're gonna drag it out to the 930 opening bell which is right here on that candle and That shaded area here is the top of that love over here.
That's the high And the low that shaded area that is that balance price range on the one-minute chart again if you're just looking at this lecture here and
Looking at how it's annotated and not watching that live stream.
It's going to be completely Alien to you will not be able to pick up the subtle nuances that's being shown
here It'll go right over your head so it's a of watching this and going back and watching that live stream again Caleb from Friday August 23rd
2024 it's not that long it's like an hour and 15 minutes or so.
It's not that big of a deal So we have the opening bell first tick here that is the beginning of the opening range opening range goes to 10 o'clock
That's essentially right here and then it started going higher If you notice,
this is your very first fair value gap inside of 930 to 10.
During the live stream, this is why you have to remind you to go back and look at it.
When I toggle between electronic trading hours is what's being shown here in the lower right hand corner.
I toggle to regular trading hours, which you'll see in a moment.
This fair value gap does not work.
Because you're looking at regular trading hours.
The first tick is here So you're not even going to see any of this here.
So because we have a minimum expectation of 931 930 And then after,
we don't want to use any fair value gaps that start with 9.30 to 9.31 to 9.32 because if you if you toggle back and forth between regular trading hours by clicking this
right-hand corner of your trading view where it says electron trading,
if you change that session, rarely trading hours, the very first 9.30 to 30, if there is one, won't exist.
So want to disregard that.
So this is the one.
And go back and listen to the live stream, okay, because I actually make a very special notation about that.
So this is the one you want to have and you want to project that out and look at the observation here and here,
then rallies at 10 o'clock.
so we have the initial opening range of 30 minutes trading from here to here.
So what do we have?
Hi.
low, low.
And what I was asking is I want to see does price want to go down upset this first and then if they would have done that I would have been looking for
to trade here and treat that as an inversion for everybody you got.
But because we had both 930 high relative equal high, this low and this low both being what?
Relative equal.
So what did I teach you going into the 2024 mentorship field?
If we have both and they're obvious but both bicide,
clean, equal highs, cell side, clean, equal lows, wait for the first one to be taken.
So which one was taken?
The bicide.
This is all a fake run, and how far can it go up?
I'm going to sit still, no problem, but then I watched it drop down.
If it was started to accumulate in here, we're between this candle's low.
High, midpoint of that is constant encouragement of this bison and bison and bison efficiency.
If they would have went down, what do I mean by I don't want to see it accumulate?
I don't want to go down here, stop, build a candle, build another candle, build another king.
I don't want to see that.
I want to see it do this.
Drop down, reverse out of that and pump up even more.
Here's a high.
The high goes rate to the daily sibbi, bison and bison and bison efficiency from July 23rd from the daily chart.
hits it, it sweeps above the new deopening gap, that's what you want to see.
It back down, does it accumulate at the midpoint of that 5-7-0 self-signed efficiency?
No, it doesn't.
It runs, makes a higher high.
What's it trading to?
July 2024's bearish order block on the daily chart's mean threshold.
And what does it leave relative equal highs?
It drops once more.
We want to see it accumulate in the midpoint of this box on a balanced cell sign efficiency Does it accumulate no creates a higher low?
So building what cell sign what's below here cell side?
It not been traded to you so we have The market rally up and then we create this little gap here.
I'm angry And then we rally above, treat it as support.
And now what's it going to reach for?
Right in here is buy-side.
And I don't want to see it trade up to the new day opening gap of August 22nd.
I want to see it just bump above that relatively high.
So as it runs up, turtle suit breaks back down crosses over the bear's water block.
I told you if it's good it should rally from here and hit that if it's really really bullish it should run up there.
Now to the casual viewer or someone that doesn't really want to learn from me and there's looking for some kind of saying I gotcha.
See you thought he was going to go along here and look it failed.
No no no go back and watch the live stream.
I don't want to go long in this.
Listen the failure right here once it did this I noted that I said in the live stream I said did you notice that it failed
there?
It couldn't reach the new to opening gap.
That is indicative of weakness.
Once this candle here, swept down below that opening price of that candle over here, that's the change in a state of delivery.
So every cross above that price action, key point right there, the opening price, that's a short.
Any between that and the mean threshold of the July 22nd, 2024, that is a short.
This is the turtle suit.
This is the validation of a bear shorter block and anywhere in between that price and price.
And there afterwards is an opportunity to add
Pyramid build build build and then the market breaks down it crosses over
The August 20th 2020 force new day of in gap next candle Rally up.
What we touching daily?
See behind from July 23rd?
BAM, hits it, breaks lower.
I was talking about this as it's happening, I said, I want to see it trade below this gap here.
I want to see it go below it and then come back in,
use the lower half of it, do not trade above the upper half, we will leave this portion open.
The market drops down to the next new day opening gap,
and I mentioned it could go back up there, but if it does go up there, it needs to reject it aggressively.
It needs to move away sharply, just like that.
And it needs to keep the upper half open, unfilled.
And that's exactly what we saw on Friday.
And the market starts to drop precipitously, aiming for what?
Well, it's equal lows.
That's initial or minor.
cell side.
Now you can do that here because this low is lower than that one.
So these are relative equal lows.
But if you're not going to annotate that, you absolutely have to make reference to these.
And these, because that is your opening range sell side equipment that has not been tagged or engaged, all of this is due to swing.
All during 10 o'clock when pal starts speaking.
So this is all manual intervention.
This is the hand, if you will, knocking out individuals that were already short here.
I'm not going long, but back in my life stream, they run away.
I said if it keeps going up, it's gonna go help me listen to what I say in the stream.
There's very little dialogue in Friday's August 23rd Live It's very very very focused because behind the scenes.
I'm trading So and I'm also tired.
So every other makes these real typical highs comes back down.
It does not accumulate inside that bisonabelle self-centered efficiency.
The fact that it doesn't create multiple candles in the midpoint here means that it's going to go down and then sharply run higher.
So I'm going to expect what?
Another drive above this and then another drive above this high.
Why?
Because this did not accumulate down here.
So it means this is just running down real quick and they're going to send it one more time as a pump.
Don't take my word for it.
Go back and look at price action or if you've been trading for a long time,
you'll see a lot of this happening and it's going to repeat.
It's a signature, okay?
So the market creates this gap here.
After running above here, we want to see it pass that over and become an inversion fairy bag app.
We like the idea of the buy size swept here, so now the market should be in a cell model.
Consolidation, rally, all of this is manipulation, break Small money reversal.
Hello.
Low risk cell.
See the fairbody gap, Kayla?
You can annotate that.
I'm keeping it off the chart if you do this on yours.
And then we break below the old new day opening gap and go below this fairway you got.
And we want to see it act as an inversion fairway you got.
Watch the live stream.
I'm expecting this before it even happens.
It up.
We to leave the upper half open.
Cameron breaks.
Carines below here, below below here, and then what is it working towards?
What opened the livestream up with, mentioning that I like the new day opening gap for August 23rd, 2024, which is Friday's price action.
I like that it was inside of the old new week opening gap on August 18th,
2024 that being the high of it and the low of it and it's sitting right here.
That's beautiful.
When they when they nest like that, that is like a huge black hole.
It's going to draw price into it.
It's so easy to anticipate that that's where it's going to draw to.
And what you want to see is them pumping it right to opening all of this kind of stuff.
It's so easy.
It's so easy.
You can hear it in my voice.
I'm bored.
I'm like, I'm not I'm not interested in going along and I tell you that all of this Is not real.
We're gonna be lower later on and then there you go I gave you this reaction here before it even formed like a time traveler,
right?
so How much further if we didn't have the new day opening gap down here or the new week opening gap?
You know, what else will we be looking for?
Well, let's bring in the benefit of having that segment of price action right up there.
What do you think that is?
That little pink shaded area is my event horizon.
Whenever you have a new day opening gap or a new week opening gap,
above and below where you think price is going to draw to between a new that new
day opening gap like math here and the low that new day opening gap there if
you fit and measure that and you put quite the upper quadrant, the midpoint, and the lower quadrant, that right there is my event horizon.
Notice how it's nesting beautifully where you create the relative equal highs, and one more time it comes to the above it.
Does the body stay inside of the event horizon?
Yes.
It doesn't even go above the upper quadrant.
So midpoint, between new day opening gaps and new week opening gaps.
The algorithm will reprice too.
Like a black hole, it'll draw price into it.
There generally won't be very obvious things, but obviously as Inner Circle Trader, I'm ICT.
So I'm going to show you things that the average bear ain't going to see.
I'm going to show you what retail can't see, okay?
And taking you into, You're not seeing stuff in the candlestick.
It's outside the spectrum of a candlestick It's in price action.
Yes, but you're not looking at it in a way where the candlesticks are going to very obvious Oh, here's pay attention here.
So these are basically dark pools Okay, or gray pools is what I like to use a reference to.
There's other gray pools, and there's other PDA rates I have that are very similar to this.
Not all of them will I teach, okay?
But I might share one more during this mentorship, but no promises.
But Event Horizon is something I share with my credit students, and it is a midpoint.
a new week opening gap and a new day opening gap or a new week opening gap and a new week opening gap either or it could be one of
The boundaries above or below they don't need to be new week opening gap compared to a new week opening gap find the middle point
It can be either new day opening gap or new week opening gap, okay?
So there's no preference, there's no special significance or strength added to it.
If new week opening gap to new week opening gap, that's not what we're doing here.
It's any one of them, but wherever they're in close proximity to one another, using the IFTA data ranges.
What is that?
It be older than 60 days.
So look back with your new week opening gaps, you can't use one that's older than 60 days look back what?
Because three months.
Once you go past three months,
the algorithm can use all of them, but I'm using that range of look back as a maximum of 60 days.
So for those that want to know how many days cannot keep a new week opening gap on,
if you want to hold on to them longer than five weeks,
just remind yourself that if it's older than 60 days, I'm not generally looking at all that, you know, with too much interest.
Okay, so I see if I'm going to be using it that horizon PD array.
So, that is your event horizon.
Look how beautiful that is.
there's the Inversion Fair Bay gap,
and I outline that real time before it even happens,
before it even becomes an Inversion Fair Bay gap,
I already had it over here, because we're watching live stream, and it's like magic, isn't it?
So we watch how it dies below the south side of the the question is,
is how far can it go below that,
even if we didn't have a new day opening gap or a new week opening gap here,
of the live stream on Friday, August 23rd, 2024.
So we were there.
This is River Trading House.
So Caleb, you absolutely want to be toggling this and capturing the price action and annotating your chart showing this.
So we have this gap between the high here, or not the high, but the opening tip of this down close candle.
So that's the first tick at 9.30, it trading.
And where we stop trading, regular trading session hours at 4.15 PM Eastern Standard Time.
That's what this is indicating.
So this is your opening range gap,
and midpoint is I taught you in this mentorship this year that 70%
of the time,
the midpoint,
or consequent portion of that gap that forms between the difference of previous 4.14 PM Eastern Standard Time or regular trading hours close,
and where we open at 9.30, the next year.
that is the opening range.
If it opens higher, that is an opening range gap that is a premium in order to be opened up in a premium.
If it opens lower than what we settled the previous day, that is a discount opening range gap.
Okay, so a lower gap opening.
You want to measure that as soon as you get the first tick highlight that and then drop your quadrants on it
But main thing is you want to get that midpoint because you're anticipating it So that's what I was watching for.
I airing on the side of I want to see it drop down below here because it would Run to consequent encouragement of the opening range gap,
but I'm not interested in taking anything Here unless it gets to our premium levels up here
The market drops down here to that point so this is the undelivered portion of the opening range
gap So in other words from the previous day settlement price at 4 14 p.m.
Eastern Time to the low of that candle right there, this is the portion that is undelivered yet.
It is not completely closed in the gap yet.
So we wanna have this information and project it forward.
So we're gonna do that now and move the chart over.
So this is what it looks like, getting more data.
And you can see we drop down into it later on during the lunch hour.
So that undelivered portion gets delivered here.
Look at the bodies respecting the new weak opening gap of August 18, 2024.
Isn't that We get this little Aaron Price action here, but the bodies are telling you the narrative.
It's telling you the storyline behind it.
This is algorithmic.
The market runs above, after it does this, this candle goes above, this candle's open.
So the change in the state delivery on that candle right there.
We back down, rally, smooth highs, inefficiency, trade it, and starts moving back into to a premium level and by side here.
I want you to think about what I taught you so far, and I mentioned this in Twitter spaces in 2023.
So when I be on Twitter, I'm not on Twitter anymore.
But I used to do audio commentary.
And I would talk about,
I don't know,
things that I want to talk about, you know, topical studies or just a rant on Saturday ice calm, uh, Saturday or shotgun saturday's rabbit.
And it was basically my way of just encouraging people cheerleading,
ranting, and also hiding levels and things that Or in my repertoire as a trader and how to internalize price action with them and I dropped obviously the new day of any gap
the new week opening gap first like that and I mentioned Event horizon and passing there and I talked about Inversion fairway gaps.
So while every fairway gap It should not be looked upon as a potential inversion paragraph because it's a fair paragraph now.
It doesn't mean it's going to be used as one.
But first presentation is a school of thought that I've taught And it's not in your books.
It's not in all that kind of stuff.
It be now.
Everybody's going to put in their Amazon book They're racing to write a book based on the 2020 for Mentorship content.
So you'll be seeing people having ICT mentorship 2024 new study notes or something that effect and you'll finally see the first presentation theory,
which is the Fairbody gap here that forms a 931, so you can't use 930's candle when, you know, factoring the imbalance candle.
The imbalance candle cannot form before 931.
So 931, why is that?
Because if you toggle electron trading hours to regular trading hours, your 930 candle won't be there.
So it has to be framed on the Revitrating session that's occurring right now.
Now, so it has to agree in both electronic trading hours and voter trading hours, or it's not a real fair idea.
So if it's going to be first presentation, the candle that creates the imbalance is 931, very one, it be that.
So, I mentioned this also in the live stream, so go back and listen to it, because mentioned,
I even show you why it's like that.
So this is your real first fair baguette for the folks that left comments in my YouTube
channel talking about why did I not talk about this one or refer to that one.
Shouldn't that the very first fair baguette?
Go back and listen, and I show you why, and I just amplify it to your own keyboard.
So this is your very first fair bay gap.
It's first presentation between 9.30 and 10 a.m.
Filter you cannot have it until 9.31.
So that is the earliest.
It can form it.
But once you have one,
You take that information and you can project it forward so we can take that information out here right away
You can see during the lunch hour.
We work below it I was working with Caleb side-by-side on Toma said it's gonna hit this and sell short and it's gonna attack that low and fill in that
Undelivered portion of the opening range gap and look at the delivery there that my friends.
It's perfect So these are types of events that you want to have in your journal and Caleb,
you want to be looking for these types of things.
How is that first presented fair value gap between 9.30 to 10 a.m.
Eastern time?
How does it behave?
How does it use later on?
Look how it's respecting in here.
You think that's random?
It goes up, hits it, drops back down, rolls through it, overlaps it here, and then right there at noon, going into the lunch hours.
Now, obviously, when I say that, people that don't watch my live streams and never see
me outline one-minute candlesticks and give you the entire narrative of the day where it's
going to draw to create the high of the day and the low of the day,
that's what was being shown here, and that's where it was being drawn to, and you knew that at the beginning of the live stream.
these levels were here at the beginning of the watching and I said I like this how
it's like that's nested down there so it's a real good indication it's probably
gonna draw down into that and man did it here then retraced all the way back up
into the need to do in cap on August 21st,
2024 then sold off and then working in that first presentation of Fair Valley Gap between 9 31 10 o'clock Eastern
time New York time always New York time sells off bumps the relative equal highs, then sells off aggressively.
The bodies tell you we're done.
Start to pull back.
We're in your launch macro and start to come back against the resting by orders that would have been trail for anyone that's short.
So, that right there is just a perfect display of what price action did on Friday, where we thought it was going to go.
It perfectly, over plus handles of price run.
That was outlined in advance, that went against all of the messiness during a pal speech, okay.
is most likely going to occur when a fed chairman is speaking and usually whatever they give you
initially it's wrong it's fake it is not jade it's a mess and you're gonna get hurt chasing after that
okay so if we carry that First, Ferebei got throughout the entirety of the day.
I also taught you in a 2024 mentorship that there is a final hour between four,
I'm sorry, between three o'clock and four o'clock Eastern time, New York local time, 315 to 345.
That is a macro.
Okay, and what happens here.
The market stops right at the bottom of the first presented Ferebei got.
So first presentation.
931 on Friday, August 23rd, 2024.
I gave you the logic.
I told you what to look for.
I mentioned this in a Twitter space in 2023.
And then I've taught you that it was going to be visible to see this in your charge while teaching the 2024 mentorship here.
And you want to carry that fear about you got throughout the entire future.
of day until when 345.
Go back and listen to what I said and look what it does here.
It's almost like this thing, this price action is right.
An AI like an algorithm, but that's far.
That's right So the market goes down creates the very low at three forty five at the bottom of the very first
Very very gap that I told you good little ICT Caleb's daddy
I told you that that's what that's going to be useful carrying it that far and it hits it perfectly right then in there now
Tell me that's buying and selling pressure without you tell me.
That's not what that is folks.
That's absolutely coded based on time and price.
When they both agree, you got magic.
And going to trade two, right up to a previous new to opening gap and swipes above the short term high there for Bison.
And then it just meanders around into the close.
Folks, I want you to think about what I'm showing here, take copious notes each day when
I'm dealing with a live stream, and where I'm prompting you to do screenshots if I'm doing it.
I may forget to do it because if I'm doing it like I did on Friday,
I was actually trading behind the scenes and engaging prices.
action, but when I give you things to, okay, you want to screenshot this, you want to screenshot
that, you might want to write that down time-wise.
Just look at the time-
your local time and then go back into your charts after or whenever you can get to
your own charts and then annotate your charts based on that reference point and then try to get it in your own charts not mine.
If you use mine all the time I promise you that you won't learn as well.
You want to be in there marking your charts out.
fumble around with it because this is what you're going to be doing when I'm not doing live training, right?
So Caleb's going to be forced to do the same stuff.
Caleb won't have my charts.
He won't have my notes.
He won't have my annotations.
He's going to be forced to do these types of things.
So the only thing you're really focusing on now is what creates the high and low of the day I showed you.
I can call that and outline it beforehand and do it live which is what I did on August 23rd,
2024 on YouTube in the presence of about 17,000 people and and here we have the very specifics of what you're doing,
how to screenshot and log it.
Everything that you observe here, it may not be just the things I've mentioned here.
It may be other things, other order blocks, other fair value gaps, and make reference to them.
Don't be afraid to annotate something that you is significant now, but later on you'll discover it wasn't a big deal.
That's progress.
That's the thing you're going to see in your journal.
Your journal will be much more specific and you'll have far less things that are not important,
and they'll be the things that are most salient.
But how do you start doing this initially?
And first,
first presentation,
time of day,
show them where the new day opening gaps,
new week opening gaps,
opening range gap,
first fair value gap,
Caleb, that's your number one that you go to and you want to keep doing this every single day for the rest of your
career, every single day.
And you're going to start learning from this.
This is So hopefully you found this one insightful and Caleb,
now you have a baseline to work with so I expect to start seeing these things one day by day basis until I talk to you next.
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