all right folks welcome back the continuing ict 2022 free mentorship on youtube and i'm taking you into the e-mini s p futures contract for june 2022 and i saw questions in previous videos where they're asking about june and we're in the month of may these contracts are delivered by contract month so we're about to in a couple weeks end trading of june contract then we'll roll over into september 2022 contract but we have a couple weeks still trading june toss that in there for no extra charge all right so hourly chart obviously we are looking
at a swing low here to swing high getting our range here's equilibrium so the market did in fact drop down into a discount and a pair of a gap so we have a market that is in what an oversold condition do we need an indicator to plot that or determine that nope absolutely not the rectangle is there just to draw special attention for you the viewer the fib is just to highlight exactly where equilibrium is anything above that level would be considered premium anything below it discount so we've moved from this high down into a
fear of a gap and below equilibrium so we're in a discount all right here's the five-minute chart and notice that we had this run up in here i mentioned in twitter and again my twitter feed is not a signal service so that way we understand one another but i was highlighting the idea that this was likely to go higher and it needed to go for a premium relative to this high and that low so we moved up into a premium then we slid aggressively taking out relative equal lows so below this low here and here
is what sell side liquidity it was quick to do that rate the opening at 9 30. short little bounce then one more time below the low here taking out cell side for anyone that wanted to capture along here they knocked them out then we had a shift in market structure and then rolled up even higher rebalancing all of this drop back down into an area here where we have a five minute pair of a gap trade's not into it i mentioned on twitter that we would likely trade higher and take out the short-term high here
and here so imagine the morning high that's this here that was going to be the draw on liquidity and we saw that run here and actually went a little bit higher than i thought it would for the morning ultimately up into a fair bag up here for a really really deep premium from low to high straight up into that and then pull back inside the range between this low and the high so on a one minute chart we're zoomed in here and you can see the morning i did a small trade here i recorded this
did a small little vignette shared it on twitter took partials here at the time of posting the tweet and then the limit order getting hit here then the only other trade i had today was waiting for it to drop down to a discount and when it did i went long here had a little bit of heat here not much it was like five handles so bearable stop loss was just below the swing low over here so did it hit it no did it look like it was going to i don't know i wasn't looking at
the chart at the moment it happened to trade here i don't care but i ended up coming back up and i mentioned that we would run this high right here because we've taken out the cell stops here after running higher so we had a shift in market structure back here earlier and then we could basically consolidate and drop down to take out the cell stops so anyone that was lucky enough to go along here and wrote it up to here the algorithm drops back down clears the board taking out the cell stops below here i'm
buying those cell stops i had a little bit of heat here we rallied and i mentioned that we would start going higher now because we've cleared out the cell stops and going over into the one minute chart with a little bit more detail here's the initial drop now here's what i want to bring to your attention we had a short-term little shift in market structure here and i know some of you see this and you see this one here which one's the shift in market structure well i'm playing the run up here to a premium
like i was mentioning on my twitter feed this morning so if this is a range i'm working within the shift in market structure occurs here when it takes out that high drops down into a fair value gap which is what i bought i didn't believe we were going to take out the lows here because we should have done it at 8 30 news it didn't do it so this is deep retracement and then sent it higher to go into a premium right before 9 30 a.m and then they sank it down notice there's no model
entry here that's telling okay it's tipping its hand to you because there's no real setup and it's a rush to get down here it's clearing out sales liquidity going down rallying suckering in longs trying to pick the bottom knocking those individuals out now they are not allowed to be long their stops taken nobody in retail usually will take a re-entry after something like that they're afraid it rallies up comes down to a fair value gap shift in market structure here rallies relative equal highs drops back down in very very good order block rallies once more
goes into the imbalance here consolidates bumps up just above the short term high here then drops one more time clearing the liquidity out here and you see my entry was at 4120 on five contracts and again here is the tweet okay and i'll have the link posted in the description below this video so you can click and see it and it's time and date stamped that is exactly as you see it here all right so it says salsa liquidity is taken free to run to 43 and a half that's this level here while i was
here so continue on first partial which is when i tweeted you can see that in the timeline this morning three contracts were sold at 41 39 and a quarter and finally the final two were filled on a limit order at 41.43 and three quarters and ultimately it wrote a little bit higher which was fine i was juggling a lot of administrative tasks this morning but nonetheless you can see all the trades are here in here so was it a lot now but you know hopefully you guys learned something today we have a non-farm payroll scenario
this week its first week of the month transitioning from one month into another and i typically like to have all my trading done by wednesday and because i've done what i've shown here today i'm satisfied with this particular week now some of you are going to be like this is crazy you have wednesday still you have thursday still yeah friday you're welcome to do that but i have to be disciplined and being consistent how you get there is having rules rules and engagement so you're welcome to practice but i'm not trying to hunt anything more
this week because frankly it can go either direction it can go higher or lower based on that daily chart so because i don't have a clear definitive objective i'm going to sit on my hands and just be content with what i've shown you all here today and that's going to be it for this week i'm going to be finishing up with my private group i have a lot of things i have to fulfill for them and it means i'll be quiet on twitter and i'll be quiet on youtube until thursday i'll put another video up
on thursday evening until then be safe
