ICT Gems – Trade Without a Daily Bias by Using Pre-Market Range
YouTube transcript, YouTube translate
A quick preview of the first subtitles so you know what the video covers.
price will do what it's going to do because it's coded to do it based on time. Okay? And time is essential. It's the first hallmark to when and why a market should produce a displacement, a run, whether it be impulsive, whether it be retracement, whether it be anything. It's always going to be delivered on the basis of time. It's going to move at a specific time or a period of time within 20 minutes. That's a macro. And we're going to talk about those things because I want to simplify it for my son. You all are getting that benefit of seeing it, hearing it, and being explained to you as if it were you being Caleb. I'm not hiding anything. I just sent him a text before I started. I said, "Said, just stop texting me. I'm doing it live right now. Don't talk to me in a text because you're gonna distract me. Okay? So, there's no secret texting going on. There's no conversation behind the scenes. Everything you see and experience while I'm doing these live streams is exactly what he's digesting the same way. So, when we look at individual setups like this, you want to sit down in front of the marketplace right before 8:30, okay? Preferably 8:00. And you want to look at where the highs and the lows are in in reference to the one minute chart in the 15-inut time frame. So I'm gonna change this chart over here to 15. So here's what 15-inut looks like here. And if you look at where we came from, see this high at 7 o'clock in the morning. That's this high right there. See it on the right chart. So this chart, this larger chart here is the one minute and this is the 15-inut time frame. 15, five, 1 minute. Those are your first three time frames to worry about. Okay? And I shouldn't say worry because it's kind of like gives you subconscious concern that you need to worry about it. You don't need to worry about it. But the levels and inefficiencies on the 15minut time frame, the five minute time frame, and the one minute time frame, if you're brand new, you don't know how to trade ICT, you don't know how to trade price action,