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ICT 2024 Mentorship \ Lecture #15 August 23, 2024
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ICT 2024 Mentorship \ Lecture #15 August 23, 2024

Challenges with OBS and Market Analysis

Introduction to the Session

  • The speaker expresses frustration with OBS (Open Broadcaster Software) and its challenges during the session. They mention a desire for smoother operation while preparing to analyze the NASDAQ market.
  • Acknowledgment of the upcoming opening bell, indicating a focus on real-time market analysis.

Market Levels and Trading Strategy

  • Discussion of daily buy/sell signals, highlighting multiple higher highs in recent candles, suggesting bullish momentum. The speaker is monitoring potential price action towards specific levels.
  • Mention of a "rejection block" as part of their trading strategy, indicating an interest in observing how prices react at certain thresholds before making decisions.

Opening Range Gap Analysis

  • The speaker emphasizes the importance of setting up for regular trading hours and notes various price levels that will be critical once trading begins. They repeatedly stress the significance of these levels for future trades.
  • Analyzing gaps between candle highs and lows to identify potential trading opportunities; they refer to this as measuring quadrants within price movements. This indicates a methodical approach to understanding market dynamics.

Understanding Gaps in Trading

Opening Range Gaps Explained

  • The speaker identifies new opening gaps from previous days, emphasizing their relevance in current trading strategies and how they can influence market behavior today. They highlight both electronic and regular trading hour data's impact on gap analysis.
  • Clarification on Fairbag Gaps: The distinction between electronic trading hours versus regular hours is made clear, stressing that traders should be aware of different gap formations based on timeframes used for analysis.

Observations During Trading Hours

  • As the session progresses, there’s an acknowledgment of energy levels affecting performance; however, they remain focused on analyzing market reactions post-opening bell despite personal fatigue from previous engagements.
  • Noting a uniform opening session followed by sell-offs after initial rallies suggests volatility in market sentiment which traders need to navigate carefully during active sessions.

Market Dynamics and Personal Insights

Characterization of Online Persona

  • The speaker addresses misconceptions about their online persona, clarifying that any perceived anger is merely part of their character rather than genuine emotion; this highlights the performative aspect often present in online financial discussions.

Application Across Markets

  • Reference to experiences with other markets (e.g., German DAX) illustrates versatility in applying learned strategies across different financial instruments; this broadens understanding beyond just one index or asset class.

Current Market Status

  • Continuous emphasis on monitoring upper quadrants within charts indicates ongoing vigilance regarding price movements relative to established gaps; this reflects a disciplined approach toward risk management during volatile periods.

This structured summary captures key insights from the transcript while providing timestamps for easy reference back to specific moments in the discussion.

What is the Focus on the Upper Quadrant?

Repeated Emphasis on the Upper Quadrant

  • The speaker begins by stating their intention to "drop down to the upper quadrant," indicating a focus or shift in attention.
  • The phrase "I'm going to drop down to the upper quadrant" is repeated multiple times, suggesting a strong emphasis on this area of discussion or analysis.
  • Continuation of the repetition reinforces the importance of this concept, possibly indicating it as a key theme throughout the session.
  • The insistence on dropping down to this specific quadrant may imply that it holds significant relevance for understanding broader topics being discussed.
  • A slight variation occurs with "I'm going to take it all out," hinting at an exploration or extraction of information related to the upper quadrant.

Consistent Reference and Trust Issues

  • The repetitive nature continues, maintaining focus on dropping down to the upper quadrant without deviation from this central idea.
  • Introduction of doubt with "I'm not trusting in you this," which could indicate a moment of skepticism regarding previous discussions or assumptions about the upper quadrant.
  • The speaker expresses a desire not to prolong discussions today, yet maintains commitment to revisiting the upper quadrant repeatedly.
  • This ongoing reference suggests that despite any doubts, there remains an unwavering focus on understanding or analyzing what lies within this area.

Exploring the Upper Quadrant

Repeated Focus on the Upper Quadrant

  • The speaker emphasizes a repetitive action of "dropping down to the upper quadrant," indicating a significant focus or transition point in their discussion.
  • The repetition continues, reinforcing the importance of this upper quadrant in the context being discussed, though specifics are not provided.
  • A shift occurs as the speaker mentions observing "the lick constant curtion," suggesting an analytical observation related to this upper quadrant.
  • The phrase is reiterated again, maintaining emphasis on returning to or focusing on the upper quadrant without additional context.
Channel: The Inner Circle Trader · Playlists: ICT 2024 Mentorship
Video description

Government Required Risk Disclaimer and Disclosure Statement CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Trading performance displayed herein is hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance trading results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person’s investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. If you purchase or sell Equities, Futures, Currencies or Options you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice in order to maintain your position. If you do not provide the required funds within the prescribed time, your position may be liquidated at a loss, and you may be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a “limit move.” The placement of contingent orders by you, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.