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EP2: Advance Gap Theory (DRT) — Transcript

by Ali Khan · 5,623 words · 780 segments · language en · Watch on YouTube

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0:04all right guys welcome back to episode
0:06two of the ICT Forex mentorship
0:092024 before we begin I'd like to give a
0:13huge thank you to everybody who's
0:15reached out and commented sent me a
0:17message if this content helps you then
0:19that's extremely encouraging to me now I
0:22apologize for getting it out late last
0:24week the issue that I have is I can talk
0:26about one chart for hours and I know
0:28some of you really want me to make it
0:30detailed but I do have to think about
0:32the wider audience that not everybody is
0:34going to be at a high enough level to
0:37understand absolutely everything that I
0:38can talk about in these charts right it
0:41takes me quite a while to put the slides
0:43together generally I do my analysis and
0:46create the slides over the weekend I
0:48will usually record either Sunday or
0:50Monday morning get the edits out of the
0:52way and then upload the video to YouTube
0:55Monday evening now sometimes I'm going
0:58to be early sometimes I'm going to be a
0:59little bit late there's just too many
1:01factors to control sometimes life gets
1:04in the way right and I do have various
1:06other businesses that I run alongside my
1:08education platform and my trading as
1:11well as having a family life and stuff
1:12right the best thing to do is just
1:14subscribe to the channel and click the
1:16notification Bell and you'll you'll be
1:18notified when a new video drops now I've
1:21had another ridiculous amount of
1:24questions and messages and again like I
1:26said the feedbacks being insane I know
1:29that when you see somebody on social
1:31media especially the stigma attached to
1:35somebody selling a course I guess the
1:37default for everybody is to just label
1:40people as a scummer and this brings me
1:42onto why I have decided to do the
1:45mentorship on YouTube I think from the
1:47last lesson which really only scratches
1:49the surface it really showcases the
1:51amount of time that I've put into
1:53learning these Concepts there's only so
1:55much I can type in a post and it got to
1:57the point where there was just so much
1:59water down garbage by marketers trying
2:01to sell courses and I thought okay cool
2:04well I'll show you what I'm really about
2:06my private students obviously know this
2:07I've been doing this now teaching for
2:09years and that brings me on to a couple
2:12of questions like number one I've just
2:13answered why do the mentorship for free
2:15I know I could slap a prize tag on this
2:17and with the following that I have I
2:18could make a lot of money out of it but
2:21there comes a point where money isn't
2:22everything right it's not enough by the
2:24will of God I've made a lot over the
2:26years so this is something that brings
2:28fulfillment to me right the partnership
2:30with funded Peaks has given me a reason
2:32to do this I guess I was looking for an
2:34excuse and the reason that I stopped in
2:35the first place was because of personal
2:38issues that was going on in my life
2:39right every one of us are going to
2:41experience certain things and I couldn't
2:43justify the time that I was putting into
2:45it at the time which unfortunately is
2:47why I had to close the mentorship in the
2:49first place I enjoy teaching this has
2:51really become a passion of mine and when
2:54I hear the countless stories of people
2:55that I've helped along the journey that
2:57really does motivate me the other
2:59question people keep asking about how to
3:01join ict's private mentorship and how do
3:04you become a charter student and one of
3:05his private students in his community
3:08you can't right ICT closed his private
3:11Community many years ago and the
3:13question I'm asked a lot is there any
3:15difference between being a public
3:16student and one of his private students
3:18the short answer is no not anymore
3:21pretty much everything that he taught us
3:23in his private mentorship he is taught
3:25for free on his YouTube channel the
3:27difference was we had years and years of
3:30being able to sit with him on a weekly
3:33daily basis to break down the charts the
3:36charted material that was released for
3:38free on YouTube was released because we
3:41had a vote within the private Community
3:44a lot of people don't know this but the
3:45charters came together and we agreed
3:48that ICT could release the content that
3:51we paid for for free but the promise was
3:53he was going to keep teaching us and sit
3:56with us through the charts and that's
3:58basically what he does we have have a
4:00private telegram group where not every
4:02day a few times a week he sits with us
4:04and talks about what the Market's doing
4:06points our attention to where we should
4:09be looking gives us certain teaching
4:11points and is really there as a guide
4:13truth be told if you're at a reasonable
4:16level you do not need ict's guidance
4:18anymore it's cool to have it don't get
4:20me wrong but I've been independent from
4:21ICT for many many years and it's
4:24something that I want to stress with my
4:25own students or people that want to
4:27learn from me is that you want to get to
4:29a level where you are just confident in
4:30your own ability and that's going to
4:32come by way of time and experience now
4:35I've only really scratched the surface
4:37with the first episode I it goes a whole
4:38whole lot deeper for now I'm going to
4:41stay for the next week or two on the
4:43higher time frame charts before we get
4:45more into intraday price action I've had
4:47a lot of questions about intraday 5
4:49minute 1 minute charts and I'm going to
4:51tell you something your whole Focus
4:53especially when you're learning in the
4:55beginning should be on your higher time
4:56frame the weekly the daily the 4our
4:59those are the chart that you should be
5:00focusing on the reason you're asking me
5:02does this work on 5 minute and 1 minute
5:04charts is because you're in a rush to
5:07get into a trade right you're looking
5:10for entry techniques and I promise you
5:11in a list from your highest being most
5:14important and your lowest being your
5:16least important your entry techniques
5:17are quite low on that list there are
5:20tons of things that come before entries
5:22and I know it sounds unlikely especially
5:24in the beginning for new Traders because
5:26you're so in a rush to get into the
5:28markets you want to get into a trade and
5:30that's the way these markets have been
5:31designed they've been designed to entice
5:33you into taking trades you should
5:35approach your trading with only trying
5:38to select the highest best quality
5:41trades and in the beginning especially
5:43the slower you go the better it is the
5:46the higher the time frame the slower the
5:48market moves and that gives you time to
5:50think and as you're going to see
5:51throughout the course of this mentorship
5:53that price is fractal right dealing
5:55ranges are fractal the problem that
5:57you're going to have and it's something
5:58that a lot of my students have
6:00encountered is you're always trying to
6:02look for the perfect dealing range the
6:05perfect Market maker model and you're
6:07going to find that they are very few and
6:10far between and the reason for that is
6:12because we are working with time based
6:14charts right there is an element of time
6:17Distortion Within These charts and
6:20because price is fractal you're going to
6:21see something on one time frame and not
6:23see it on another right and because you
6:25haven't trained your eyes enough yet
6:27you're going to at first struggle to see
6:30the things that I'm going to show you
6:31but with enough practice and enough
6:32experience and enough training your eyes
6:34which is the whole point of me doing
6:35this you'll be able to see the key parts
6:37of dealing range Theory ICT often uses
6:40the analogy of like each chart is
6:42telling you a story and the characters
6:45are familiar even though the story may
6:46be slightly different there's certain
6:48things that will stand out to you and
6:50with dealing range Theory this is one of
6:52the things that I am trying to train
6:53your eyes on to see where things are
6:55going to form within the dealing range
6:57and how that is fractal you're not
6:58always going to be able to see it
7:00clearly right and if you can't see
7:02things clearly what should you do you
7:05should sit on your hands and wait one of
7:07the problems is is you trying to trade
7:10everything that you were seeing because
7:12you are failing to control your impulses
7:15and being impulsive is the destroyer of
7:18careers and it's something that I want
7:19to highlight very early on in this
7:21mentorship because the secret source is
7:24actually this it doesn't matter about
7:25dealing range Theory or ICT Concepts or
7:27how good you are at technical science
7:29right the number one thing that makes
7:32you successful is not your ability to
7:34read price it helps definitely but it's
7:37your ability to control yourself now
7:39over the years I have studied and read
7:41so much on the psychology of Traders and
7:44having my own students and having my
7:46degree in my background in mental health
7:48therapy this is something that's
7:49extremely important to me I'm very
7:51fascinated by the psychology of Traders
7:53I'll be releasing a book at some point
7:56hopefully next year I'm currently
7:57working on where I'm going to to delve
8:00into the mindset and the psychology of
8:02Traders using my own experiences and
8:04other Traders I've spoken to over the
8:06years and really nail down on how do you
8:09employ the right mindset when it comes
8:10to trading and it really revolves around
8:12the idea of being present when you are
8:15present with yourself you are able to
8:18analyze and self-evaluate your emotions
8:20if you are unaware of you being
8:23impulsive you always going to be
8:25impulsive right you have to be aware of
8:27yourself you have to be aware of how you
8:29were feeling all of this derives from
8:31staying present with yourself now
8:33there's a lot of research that I read on
8:35this in different papers and the
8:37evidence suggests that self-awareness is
8:41so crucial in being able to control
8:44emotions and the majority of trading is
8:47going to be you controlling your
8:49emotions controlling your impulsiveness
8:51your greed fomo all of these negative
8:54things that we carry into our trading
8:56because if we are not present we are
8:58unconscious when you're trading and if
9:00you're unconscious you will give into
9:01these emotions which is why being
9:03present is extremely important and this
9:06is exactly why I tell my students to
9:10write down how they are feeling prior to
9:13their trading write that down in your
9:15Journal like physically write it down
9:17and why what does this do it makes you
9:19present because you have to suddenly
9:21think about how do I feel there were
9:24times where I was extremely fearful of
9:26getting into a trade and when I had to
9:28sit down and dissect that and question
9:30it like why am I fearful of entering a
9:33position I had realized because I had
9:35built up scar tissue from doing stupid
9:37things in the past I realized that if I
9:40started to create a checklist and
9:42rule-based trading and I held myself
9:46accountable to those rules I was less
9:49likely to be impulsive anyway I think
9:52I've waffled a little too much today
9:54let's get into the teaching part of this
9:57week's lecture here in front of we have
10:00the euro dollar on the weekly time frame
10:03now we covered the dollar Index last
10:05week and again I got a little bit
10:07carried away so I didn't get to the euro
10:09portion uh so what I'm going to do is
10:11this week I'll focus on the higher time
10:13frame for the euro dollar next week I'll
10:15focus on the higher time frame for the
10:17British pound so we would have covered
10:19the Euro the pound and the dollar from a
10:21higher time frame perspective right and
10:23then we can track the market going
10:24forward and then we can get down into
10:26intraday price action for now I want to
10:29show show you how dealing range Theory
10:31works on every time frame from the
10:33higher time frame down to the lower time
10:35frame and I showcase that really on the
10:37dollar Index last week so this is just
10:39going to be again another amplification
10:41to it so the first thing I want to bring
10:43your attention to on this chart is this
10:45area over here we have run the buy side
10:48liquidity above this swing high and we
10:50have run the sell side liquidity below
10:52this swing low this is the lowest low
10:54and this is the highest high I call this
10:56the IDR or the initial dealing range
10:59now this can also be the initial
11:01consolidation why I call it the initial
11:03dealing range is because the way it
11:05forms now if you look at consolidations
11:07and again if you've been through my
11:08courses you will know that a
11:10consolidation in itself is a dealing
11:12range right if you look down here inside
11:14of the IDR we have this High that's been
11:17swept here we have these relative equal
11:20lows that have been swept here and this
11:22creates a consolidation inside of the
11:24initial dealing range you can see how
11:26price really moves away from that area
11:27but we'll get to that in a second now
11:29that we have the initial dealing range
11:31from this high down to this low we can
11:33project deviations in price higher now
11:35initially when price is running higher
11:37I'm looking at how it's reacting around
11:39these deviations right you can see how
11:41at the 05 deviation here look at the
11:43bodies failing to close above it and how
11:45we have this consolidation and then we
11:48really run up into one standard
11:50deviations of this range now this level
11:53comes in at 1.
11:5523522 so we want to calibrate this level
11:58and round it down to 1.23
12:025 if I hover my cursor over this candle
12:05you can see that the high comes in at
12:071.23 495 so we're going to round this up
12:10to the nearest level which is going to
12:12be 1.
12:141235 now the five levels and the 0 big
12:18figure levels is where the institutions
12:20are going to be looking especially on a
12:21higher time frame again this is ICT
12:24Theory it's all been explained before
12:26but when I am grading levels or when I'm
12:29celebrating levels I'm always looking at
12:31Big figure institutional 00 levels or
12:34500 levels and I want to see how prices
12:36reacting at those levels do they want to
12:38run through it and close are they
12:40rejecting those levels and this is going
12:42to give me an indication of strength and
12:44that feedback I'm going to interpret and
12:46make a decision on whether I want to
12:49change my opinion change my bias or does
12:52this confirm my opinion or confirm my
12:54bias so now we can grade this dealing
12:57range low to this dealing Range High
12:59with our DRT levels You can predict the
13:01high and low of a buy or sell program
13:03before they form it's all mathematically
13:05derived from the pricing structure
13:08notice what we have here at the 25% DRT
13:10level we have this bide imbalance notice
13:14the consequent encroachment of that buy
13:16side imbalance it overlaps nicely with
13:19that 25% DRT level also note this volume
13:23imbalance that sits in between these two
13:25down closed candles and it forms that
13:28equilibrium of the IDR or the initial
13:30dealing range level from this high down
13:32to this low now what is this Gap again
13:36my students will know that at the 25%
13:39DRT level is where we find our Breakaway
13:41Gap we're breaking away from this
13:43consolidation down here at the 50% DRT
13:46level what do we have here this is a
13:49buyid imbalance but more specifically we
13:52call this a measuring Gap you can see
13:54how we're finding support at the premium
13:56end of that measuring Gap and then price
13:58really makes a run higher creating the
14:01high up here before the market going
14:03into a sell program if we look down here
14:06we have that original consolidation
14:08inside of the initial dealing range
14:11notice how price runs and closes above
14:14the 25% DRT level right so we have our
14:18consolidation and we expand through it
14:21on a closing basis we then have this
14:23retracement and then we expand with a
14:26close through the measuring Gap at that
14:2950% DRT level price then goes into
14:32another area of consolidation before
14:35expanding and closing through the 75%
14:39DRT level I call this the Terminus Gap
14:43why the Terminus Gap because we're in
14:46the upper quadrant of the dealing range
14:48price is going to be in a hurry to run
14:52above this swing high and liquidity to
14:55the left or an imbalance to the left and
14:57this is going to happen in the upper
14:59quadrant of the dealing range so we have
15:01Terminus up here and we have our
15:04original consolidation down here what is
15:07this this is a market maker sell model
15:10we have the initial consolidation inside
15:12of the initial dealing range we have our
15:15first stage of accumulation our second
15:17stage of accumulation and then the run
15:19to terminus at a calibrated big figure
15:22level now ICT talks about the measuring
15:25Gap now he hasn't explained this so
15:27again this is just a theory and I've
15:28been very careful about delving into
15:32things that I have researched myself
15:34right there are a lot of things I've
15:36discovered beyond what ICT has taught
15:38and I'm very reluctant to number one
15:39release that to the public because
15:41somebody will go out there and just make
15:42a course on it and number two I'm still
15:45testing a lot of these theories right
15:46and I've been down a number of rabbit
15:48holes I do apologize I am digressing
15:51slightly but I think I need to get this
15:52point out that what ICT T us is enough
15:55my question is this if you haven't fully
15:57understood what ICT has already given
15:59you why are you going down rabbit holes
16:01and looking for other things and trying
16:02to find Enigma I've been there and I've
16:05wasted a lot of time you going to make
16:07your own discoveries in price it's just
16:09inevitably happens after years and years
16:11and years of looking at charts every
16:13single day you're going to notice things
16:15one of the things I notice especially
16:17when everything is aligned in price my
16:20grades and my structures everything
16:21aligns when I'm looking at the measuring
16:23Gap and I take the Breakaway Gap low
16:26which I know is going to form around
16:27that 25% d RT and I projected deviation
16:31from the low of that Breakaway Gap to
16:34the low of the measuring Gap and if we
16:36project one deviation higher and extend
16:39this level to the right what do we have
16:42here this is our Terminus Gap if we
16:45project one deviation higher we get 1.23
16:49390 this alone is in close proximity to
16:52the Terminus level that we had already
16:54graded down here with the IDR swing but
16:57again if you've been a student of mine
16:58you know that I grade two things right I
17:02grade the wick to the tail and I grade
17:04the body to the body and I also look for
17:07projections here now between 1 and 1.5
17:10is where I'm generally looking for a
17:12retracement or a reversal after the
17:14initial consolidation or the IDR range
17:17is being printed the level we get at 1.5
17:19is 1.23 380 now look how close that is
17:22in proximity so again this sits around
17:26the area where I'm anticipating a
17:29retracement or a reversal and ultimately
17:31you can see how we reach the Terminus of
17:33this buy program and we had a reversal
17:35up here I'll get into a bit more details
17:38on the market maker model again at some
17:39point but like I said I've really taught
17:41all of this in the initial course that I
17:44have on the website now one of the
17:45things that we've been taught about
17:47Market maker models is that the left
17:48side of the curve should align with the
17:50right side of the curve the way the
17:52algorithm books is based on previous
17:55dealing ranges again something that I've
17:57outlined just in the last video alone
18:00now I'm going to scrub this chart to the
18:01right a little bit and these three
18:03levels where we have the Breakaway Gap
18:05the measuring Gap and the Terminus Gap
18:07I'm going to highlight in red and remove
18:09some of this stuff just to make sure
18:11that you you follow what I'm doing right
18:13so like this right so we've scrubed to
18:16the left and those key fair value gaps
18:19are highlighted here in red now you can
18:21see how we have reacted to these levels
18:25on the right side of the curve over here
18:28so this is the buy program or the buy
18:32side delivery of the market maker sell
18:34model and this will be the sells side
18:37delivery or the cell program of the
18:39market maker cell model running the
18:41initial consolidation down here but for
18:45now I want to draw your attention to
18:47these gaps on the left side of the
18:49market maker model they reside around
18:53the DRT levels the Terminus Gap here at
18:5675% DRT level if we extend that you can
18:59see how we are having a hard time
19:01getting above that the body's here
19:02telling the story and we're rejecting
19:04from equilibrium and the discount end of
19:09this cell side imbalance if we look here
19:11at the measuring up now I've refined
19:14this measuring Gap we do have an overlap
19:17over here right the reason why I have
19:20chosen this area here as a high
19:23probability area to look for a trade is
19:26because we run back through the 50% DRT
19:29level and if you look here we have a
19:31sell side imbalance and we have this buy
19:34side imbalance but we can refine this
19:36buy side imbalance because from this
19:38candle's low to this candle's high this
19:40is sell-side delivery so if I'm going to
19:42take this portion of this buy side
19:44imbalance and stretch it across we've
19:45only had buy side delivery here and sell
19:48side delivery through this range making
19:50this a balanced price range but you can
19:52see how we have run up tap the
19:54consequent encroachment here here and
19:56tap the 50% DRT level here and then
19:59gapped lower closing back below the 25%
20:02DRT level now this is significant since
20:05it's on the right side of the curve and
20:06it's giving us an indication here that
20:08is likely to run the original
20:11consolidation again where is this
20:13occurring around the 25% DRT level which
20:16is our Breakaway Gap look how the bodies
20:19are respecting the consequent
20:22encroachment of that Breakaway Gap this
20:24black dotted line here and the 25% DRT
20:27level consequently you see price roll
20:30over and run for the selli liquidity
20:32below that original
20:34consolidation now this is again just the
20:36tip of the iceberg if I were to explain
20:38everything else here would be here for a
20:40long time but I want to zoom out here
20:43and show how price really run that sell
20:46side liquidity below the original
20:48consolidation right if I take this swing
20:51High which was the first swing high
20:52after we had this High put in from this
20:55high down to the first swing low and a
20:57project for four standard deviations
20:59lower we almost nail the very low over
21:02here again if you have been through my
21:04stuff four standard deviations is
21:06generally how far a program will run for
21:09during its distribution phase and it
21:12will generally run from 1 to 1.5 during
21:14its manipulation
21:17phase
21:18accumulation
21:20manipulation distribution notice how we
21:23run through the original consolidation
21:25and the 0% DRT level so this was the low
21:28of the actual dealing range we ran and
21:30closed below it leaving this cell side
21:32imbalance we ran back above completely
21:35closed that cell side in balance and
21:37then run one two three drives lower
21:41below that original consolidation really
21:44digging into the cell side liquidity
21:45below it notice where this consolidation
21:48is forming what is this this is Seek and
21:51Destroy right and it's forming around
21:54the 50% DRT level if we take the Range
21:58High down to the range low you can see
22:01where equilibrium sits we're currently
22:03struggling to stay above equilibrium if
22:06we take the consolidation which sat
22:08around equilibrium of the previous
22:10dealing range we have a smaller dealing
22:13range inside of the larger parent
22:14dealing range and this will often occur
22:16at equilibrium again you can see that
22:18we're sat inside of the discount region
22:21of the upper two quadrants so we have
22:23our premium and we have our discount
22:25which is also inside of the premium
22:28relative to this high and this low right
22:30because we have our equilibrium level
22:32here if you haven't seen last week's
22:34episode I would strongly advise you to
22:35watch that so you'll understand what I'm
22:37talking about here right let me zoom in
22:39here a little bit more so you can see
22:40this better now I want to bring your
22:43attention to this volume imbalance over
22:45here notice where it sits firstly inside
22:48the upper quadrant of this dealing range
22:50we also have this up close candle as
22:52well as this high low higher high where
22:55we've got these two consecutive down
22:57closed candles again it's a signature
22:59that you're going to find in price and
23:01this sits in the upper quadrant of the
23:03dealing range if we extend these levels
23:05out you can see how we've tapped it here
23:08you can see how we've rejected from the
23:09volume imbalance here and then really
23:11sold off so straight away this is
23:13showing me signs of weakness that is
23:15struggling to get above the volume
23:17imbalance I mentioned last week that the
23:19volume imbalance is ict's weakest pdor
23:22rate so if price is being held at B this
23:25is giving us an indication of we
23:28weakness right we're also struggling to
23:31get into the premium or the upper
23:32quadrant of the entire premium range
23:35below equilibrium I can see these
23:38relative equal lows interestingly this
23:41low has failed to go below this low and
23:44this low was the low that caused the
23:47immediate rebalance here right so this
23:49is a very strong signature I'll be
23:50talking about these a lot throughout the
23:51course of this mentorship but below
23:53these two equal lows we have Celli
23:56liquidity now this Celli liquidity
23:58number number one sits in a discount
24:00relative to this Range High and this
24:02range low we also have this low this low
24:06and this low forming a trend line right
24:08so retailer going to look at this as
24:11support I look at this as an area of a
24:14buildup of liquidity especially with the
24:16equal lows over here right below this
24:19trend line and below this sells side
24:21liquidity what else do we
24:23have we have this buy side IM balance
24:26I've put sell side in balance here
24:28I do apologize it should be bide and
24:30balance but why have I chosen this
24:34portion of price action as the buy side
24:36IM balance because this candle here
24:38which is an up closed candle that has
24:40eaten into this buy side and balance is
24:42an up closed candle and the same goes
24:44here this candle that has eaten into
24:47this bide imbalance is an up closed
24:50candle so I'm taking this low to this
24:53high and this is going to be the buy
24:55side imbalance that I'm targeting which
24:58sits below the liquidity and sits below
25:01equilibrium we also have these
25:03consecutive down close candles here
25:05right and again these sit in the lower
25:07quadrant of the dealing range and we
25:10haven't yet traded into the high so if I
25:13were making the market I'd like to see
25:15price run lower to upset that trend line
25:18rebalance this and tap into the order
25:20block but this profile here of this
25:23consolidation this is tricky it's very
25:24very difficult and again this is a sign
25:27of where where we currently are right
25:29the economic climate isn't great okay
25:31there's so much stuff happening all over
25:33the world which is making things very
25:35very uncertain when it's uncertain the
25:38large speculators and institutions with
25:40the Deep Pockets want to stay on the
25:41sidelines and we could stay in this
25:45prolonged consolidation for a while
25:47there will come a point at some time in
25:49the future where the markets will start
25:51moving nicer and we'll have like you
25:54know price action like this this is
25:56really really easy nice price action
25:58right if you compare this right to this
26:03which one do you want to be in anyway
26:05let's zoom into the daily time frame
26:07again we have a dealing range right from
26:10this high down to this low we have a
26:13smaller dealing range inside of that
26:15larger paent dealing range and
26:16equilibrium is this green line over here
26:19see how we're rejecting equilibrium over
26:21here failing to close above it and what
26:24happened price really run lower creating
26:27another dealing rate right we run buy
26:29side liquidity here we run sell side
26:32liquidity here making this our DRT high
26:35and this our DRT low so let's zoom into
26:38this area now since we have our high and
26:41low we can now grade this range with our
26:43DRT levels not where we currently are
26:45we're at this equilibrium level I'm
26:47looking at this area here because I'm
26:49always looking at what retail are
26:51looking at as well there's going to be
26:53this trend line that they're looking at
26:55where we are currently our equilibrium
26:56of a range is difficult right generally
26:59I don't like to trade once we're around
27:01equilibrium of a dealing range I suspect
27:04that price may want to push higher and
27:07potentially rebalance this cell side
27:09imbalance right because again the
27:11premium end of this cell side imbalance
27:13sits inside of a premium relative to
27:15this high and this low if we run higher
27:18we would upset the trend line the way
27:20prices run higher is lethargic right we
27:24had an imbalance over here we had this
27:26down closed candle as an block and we
27:29had this cell side imbalance which
27:30became an inverse fair value Gap again
27:33look where it's resting right I just
27:35realized that I've done this upside down
27:37again my apologies so this should be the
27:3925% DRT level right we finding support
27:43here look at the bodies of the candles
27:45here really respecting the discount low
27:47of this cell side imbalance we then run
27:50higher through this cell side imbalance
27:52over here so the consecutive down Clos
27:55candles here with the cell side
27:57imbalance after price run away is
27:59important if we extend that out you can
28:02see the consequent encroachment of that
28:04sell side imbalance where failing to
28:06close below it completely rebalanced
28:09this buy side imbalance and then again
28:11run higher at the minute does it look
28:14like it wants to reverse and break down
28:16and go lower it's too hard to say I
28:19would like to see price run lower close
28:21back below this sell side IM balance and
28:24get back below this swing low here that
28:26would give me conviction that the market
28:28maret is likely to repic lower but again
28:31I'd like to see it run this high and dig
28:34up further into this cell side IM
28:36balance before price runs lower so
28:39there's a few things that you have to
28:41weigh up right just because I think that
28:42the market is going to go lower because
28:45of everything that I've outlined from
28:46the higher time frame doesn't mean that
28:48I'm just going to willy-nilly go in
28:49there and start selling right there has
28:51to be confirmation and there has to be
28:52an element of logic behind why price is
28:55going to do what price is going to do
28:57anyway I think this is going to be it
28:59for today's lecture next week I'll go
29:01over the British pound and again
29:04hopefully after that we'll get into a
29:06little bit more intraday price action
29:07and working with a few different models
29:10I hope you guys have found this
29:11insightful if you currently aren't on
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29:15and wisdom in terms of psychology and
29:17experience through the emails that I
29:19send out on a regular basis we have
29:21nearly 50,000 people on that mailing
29:23list right now so I'm incredibly
29:25grateful for you guys so I'll link that
29:27in the description below if you are
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29:48running again thank you for tuning in
29:51and hopefully I will catch you guys
29:52again in next week's episode take care
29:55guys

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