ICT Emini S&P 500 AM & PM Session Review - 09/02/22

Summary

In this video, the speaker discusses the trading strategy around non-farm payroll on September 2nd, 2022. They emphasize the importance of watching videos in order for context, highlighting key price levels on the chart such as highs, lows, and swing lows. The speaker advises against trading non-farm payroll due to its volatility but provides real-time analysis to illustrate trading concepts. They discuss price movements, the significance of buy-side liquidity, and the identification of patterns like bull flags. The video includes a detailed walk-through of the day's trades, Twitter updates, and a focus on the 'power three' concept, which involves manipulation, distribution, and accumulation in the market.

Takeaways

• 📈 The speaker emphasizes the importance of having key price levels identified on one's chart, including highs, lows, and specific swing lows.
• 🔄 The video is a continuation from the previous night, highlighting the need to watch videos in sequence to fully grasp the analysis.
• 📉 The speaker is not bearish and anticipates a price rise, but allows for the possibility of a delay until the following week, indicating the unpredictability of markets.
• ⏰ The speaker advises against trading during non-farm payroll releases due to high volatility and potential for poor trade execution.
• 📌 The concept of 'buy-side liquidity' is introduced as a key factor in market movements, referring to pending buy orders that can act as resistance.
• 📍 The speaker points out specific price levels on the chart, such as the 'fair value gap' and 'order block', which are crucial for understanding market behavior.
• 📊 The video discusses the use of the 15-minute time frame to analyze market movements and identify trading opportunities.
• 🚫 A 'bull flag' pattern is mentioned as a potential continuation pattern, but the speaker warns that it can be a false signal, especially when other market conditions are considered.
• 💬 The speaker tweets in real-time about market movements, using these updates as a way to reinforce the concepts discussed in the video.
• 📉 The video concludes with a detailed analysis of the market's movement, emphasizing the manipulation and distribution by smart money, and the importance of understanding these dynamics for successful trading.

Q & A

What is the significance of the levels mentioned in the script for trading?

The levels mentioned in the script are significant for traders as they represent potential support and resistance areas, as well as areas of interest for buy or sell orders. These levels help traders identify key points in the market where price action might reverse or consolidate.

Why does the speaker emphasize watching videos in order?

The speaker emphasizes watching videos in order because the content builds upon previous concepts and analysis. Watching in sequence ensures that viewers understand the context and can follow the progression of ideas and trading strategies being discussed.

What is meant by 'fair value gap' in the context of the script?

In the context of the script, 'fair value gap' refers to a price range that the speaker has identified as a level where the market might consolidate or reverse. It's a term used to describe a specific area on the chart that has historical significance or is expected to have technical relevance for future price action.

Why does the speaker advise against trading non-farm payroll days?

The speaker advises against trading non-farm payroll days because these events can cause high volatility and significant price slippage, making it difficult to execute trades at desired levels and increasing the risk of poor trade placement.

What is the importance of 'buy-side liquidity' as mentioned in the script?

In the script, 'buy-side liquidity' refers to the presence of buy orders or stop-loss orders set above certain price levels. It is important because it indicates where there may be a concentration of buying interest, which can act as support or a trigger point for further price movement.

What is a 'bull flag' and why is it significant in the context of the script?

A 'bull flag' is a continuation pattern in technical analysis that suggests a pause in an uptrend before the continuation of the upward movement. It is significant in the script because the speaker uses it as an example of a pattern that can be identified and traded, but also cautions that it can be a false signal if it doesn't play out as expected.

What does the speaker mean by 'the meat of the move'?

The speaker refers to 'the meat of the move' as the most profitable or least risky part of a price movement. It implies that traders should aim to capture the most significant portion of a trend rather than trying to catch every small move, which can be riskier and less rewarding.

What is the 'power three' concept mentioned in the script?

The 'power three' concept is a method of analyzing price action that involves looking at the open, high, low, and close of a trading period. It is used to identify key levels where price may react, such as failing to break through resistance (high), finding support at a low, or consolidating around the open price.

Why does the speaker emphasize not doing all the work for the viewers?

The speaker emphasizes not doing all the work for the viewers to encourage self-reliance and active learning. By requiring viewers to refer back to previous videos or conduct their own analysis, the speaker fosters a deeper understanding and retention of the trading concepts being taught.

What is the purpose of the speaker's tweets mentioned in the script?

The purpose of the speaker's tweets is to provide real-time market insights and analysis to their followers. These tweets are meant to supplement the educational content provided in videos and to offer actionable trading ideas based on the speaker's market observations.