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Volatility Romance, October 14 2022 || ICT Inner Circle Trader Twitter Space
Well, well, well finally, , finally ICTs come back to ict, uh, ICTs Twitter spaces. They were trying to keep me from signing on with you fine folks tonight. This is a third time. The third fucking time, man. It takes three times. They don't want me talking to you. They don't want me tickling your ears with all this goodness. I see the goodness . Anyway, what the hell is going on in the markets? That is amazing. That's amazing. Volatility today. And let me just tell you, I mentioned earlier in the year, I said that we would see some pretty insane volatility. And when you look at a daily chart of the e, s and P. You, you really can't appreciate how much insanity took place today. Okay, 30 years folks. 30 years I've been doing this and I have never seen such monstrous volatility. Now, I would be lying to you if I said I'm not trying to cowboy up in this environment, cuz I am absolutely , I am absolutely fighting that urge. Like today I was trying to do things that would otherwise be frowned upon by me as a mentor. Obviously I'm kind of glad in a lot of ways that I wasn't able to pull it off cuz if I would've done it and pulled down a, a pretty big win. It would've probably inspired some of you young guys in here to try to do something like that too. And that would be the worst thing I could have done. So just know that because I felt those impulses. And don't worry, I'm gonna send a, a screenshot and short little recording. You can see I didn't do any other additional trades. There's people in the inner webs saying that, uh, I hid the rest of my trading day and I probably blew out. You guys never, never end, just keep doing stupid stuff. But anyway, I didn't do anything more than the 28 75 that you saw today. And I'm so thankful, and I mentioned this in the short, little did, I'm so thankful that the Lord allowed me to get out because what you don't know is I was sitting with Caleb and I explained to him, I said, listen, you know, I'm gonna go long here and I wanna see these buy stops taken out. And I had my limit order at 45 and a quarter. Initially and something was nudging on me saying, you know, just, just wait. Bring it down, take about a thousand dollars out of it, actually try to get out before the high's taken out that I was showing you. And then to see if you can nail the, the short. And I was like, nah, I'm not gonna do that. But this time I rolled the limit back up and I literally just, just by a little bit went below the previous time. So I was below 45. I don't think I would've gotten out. Now, I don't think personally that I would've been able to hold on to the point where it was too late, cuz it did gimme a few, you know, a minute or so before this, a monstrous, you know, gap where there was a real liquidity void where I showed you today. But, uh, that would've been painful. You know, not that much money. I mean, money's money, but it would've been a bruise to my ego cuz my son was sitting next to me and I, I was literally telling him, watch, this is what's gonna happen. It's gonna go up here. I'm gonna buy it, I'm gonna sell short, and I'm gonna write it down to the 35 70 I talked about on Monday. Okay. So, um, that was our objective for the week. That was what we were looking for, and it hit it and went through it a lot. And that's fine. So again, we, we had the bias right for the week. We had the draw on liquidity. We wanted that lower, low on the daily, it ripped its throat out, shook it until there was nothing left in terms of life. The fair value got that I showed you on the weekly chart was just brilliant in terms of offering a discount array. Now, which brings me to the million dollar question, which is, Everybody wants to know, is this the bottom? Is this the low I C t? I don't personally believe so. Now, the reason why is because we had relative equal lows on the daily chart. Those relative equal lows needed. It needed to be taken out. Now it doesn't mean it's gonna run through them and just keep on going lower. See, these are perfect little traps. These are opportunities for these market makers that are sitting in here right now that are absolutely in there manually intervening because there's lots of money right now.
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