All language subtitles for Lesson 3 - The PM Trend EN

Okay folks.

Welcome back again.

We're dealing with a commodity issue.

So it's important.

You read this disclaimer, as a
reminder at non-licensed CTA, I'm not

giving you commodity trader advice.

Everything that's being discussed here is
for informational purposes only and should

be viewed in light of a paper trade only.

Okay.

June, 2017, ITT mentorship, ICT index
trading, less than three, the PM trend.

All right.

The PM trend.

This is the afternoon session in
north America, and it's typically

after the noon, New York lunch hour.

Now New York PM session is viewed by way
of defining the 1:00 PM to 1:00 PM hours.

New York time.

You can see here, I'm going to try
it to your right to beginning and end

delineated that whole shaded in blue area.

That's the PM trend time
window or the New York PMC.

The true day high or low will
tend to form in between the

hours of 3:00 PM and 4:00 PM.

New York time.

That typically it's the last hour
and between 1:00 PM and 4:00 PM, New

York time, there's typically a trend
or a price swing that's seen daily.

And this is going to be referred
to in this month's content as

the PM trend or the afternoon.

The PM trend can be a continuation
of the AEM trend direction, or an

intraday reversal going into the
close measured moves in the afternoon,

tend to be faster than that,
which was seen in the am session.

And typically 2:00 PM New
York time sees the move begin.

Now it can start as early as
1:00 PM in the New York times.

But generally around two o'clock in
the afternoon, New York time, they

really started to heat up and the
sessions begin to move towards the

closing basis of each trading day.

All wanna look at a few examples
here now, again, these are the

same slides from the am session.

All I'm doing is giving you greater detail
by way of separating the am and the PM

session by way of the New York lunch.

Just now.

Point of reference, which is noteworthy.

While I say the New York lunch
hour, it's basically implying

that lunch is noon to 1:00 PM.

It can actually be as early as 11:00
AM to his latest 2:00 PM depends

on the current market environment.

But Jeremy, if there's a fast market
in the morning, traders are going

to want to probably work through.

So short lunch periods or short little
periods of consolidation or retracement

is typically seen in those conditions.

When a session in the morning was rather
lethargic, did full lunch hour could

by way of 11 o'clock to one o'clock
or even two o'clock can be seen.

It's not a, uh, an event that takes
place a lot like that, but generally

you want to be expecting some
measure of consolidation or retreat.

Around the noon to 1:00 PM New York time.

After that time of day, again, our
focus is going to be on what the market

does in terms of trading between the
1:00 PM and 4:00 PM time windows.

As you can see here during the PM trend
of this particular day in the E-mini S and

P the afternoon session drops down into a
or block that was formed during the AMS.

Then price, volts and trades off that
bullish shorter block into the high

of the day, which is seen in the last
trading hour, going into the close

another example, showing the relationship
between PM trend in relationship

to that is seen in the am session.

Can we have a time windows delineated?

And we see again, price trading down into
a Bush order block that was seen in the

am session and price rallies away from the
bullish block up into a rejection block.

Now, again, it's not a lot of movement.

Again, it's generally the nature of
indices or there's going to be days

where there's going to be a large range
day and we can move in a lot of hands.

Or for big figures, but generally
it's not going to be like that.

It's going to be small consolidation,
expansion, that type of thing.

In this case here, you can
see the price mood almost 400

points in the afternoon session.

And it went up into a rejection block,

anal example here, SOP email.

We have our PM trend time,
window to Lynita here.

Again, we can see another rejection
block form price traits down into the

previous range traits below the last
down close candles, closing price.

And at the beginning of the PM
session that large rain candle.

Violates that previous session
or am sessions, rejection block.

And there's an accumulation
phase that takes place in the

market rallies about 18 handles.

So nice PM session day there.

Now we're looking at the PM session
or PM trend on the Dow E-mini futures.

Again, it's the same delineation in time.

We're looking at how price.

Moose in the form of a rejection
of previous high or a turtle suit.

So the afternoon session can create a
reversal or it can be a continuation.

In this case, we see the afternoon
session creating a reversal.

Okay.

Now we're gonna look at the
NASDAQ E-mini futures again,

the same delineation in time.

We're looking at.

The market trading down into a Orbach
that was formed during the lunch hour

and the bullshitter box sends price
higher up into a rejection block that

was seen forming in the morning session.

In this case here, we see about nine,
four handles treated up into going

into the close nice PM session tree.

And you can see trading in that
rejection blog as noted here.

All right.

As we shown with the index SMT
for the am session, the same thing

applies for the PM session, but
we're gonna be looking for the high.

And the lows between noon
and 3:00 PM, New York time.

So the relative highs and lows that
form after noon or 12:00 PM, New

York time to 3:00 PM, New York time,
we're going to be really looking at

the relationship between all three
of the indices and their respective.

Lows or highs.

And if we see, for instance, they went
to institutional order flow is bullish.

Rumi.

Looking at the Lowe's comparable one in DC
is going to fail to confirm a lower, low

it's usually seen or what we've typically
seen in all three, when that occurs.

That's bullish.

We're seeing this occurring
in the PM session here.

And the opposite would be
seen with institutional ortho.

When it's bearish, we would compare
relative highs and one indices going

to fail to confirm higher highs.

When all three of them would be moving
higher, one will fail to move at a higher

height, and that will be deemed bearish.

In this instance, here, we can see that
the E-mini S and P in the PM session on

this particular day, during the afternoon
session, we saw a higher, low form.

And the Dow futures has
shown a higher, low as well.

But notice what we see here in the
NASDAQ futures contract, we see

that it makes a lower, low that's
a break in what will be expected.

Normally we would expect to
see the NASDAQ create a higher,

low as well for symmetrical.

That's perfect.

That would be viewed as confirmation.

But what we're seeing here is there's
any accumulation in the Dow and in the.

Not seeing in the NASDAQ.

So while the NASDAQ was the lethargic
sister or six sister of the three,

the Dow and the E-mini S and P
both showed relative strength

by failing to make a lower low.

And you can see the reactions
after the divergence was noted.

2:00 PM.

Here is the equivalent of 3:00 PM in
New York time because the bar chart

uses the central time or Chicago time.

Am I looking at that divergence, we can
see that the years of strong accumulation

in the E-mini S and P and a doubt.

Now, again, I use these diversions
to signal trades in the E-mini

S and P, or when I used to trade
the S and P uh, it would be just

me using these reference points.

And if I see that crack among all three,
my trades going to be taken in the S

and P I'm not trying to trade the Dow.

Or trading the NASDAQ futures.

I'm primarily focusing on this crack.

Tell me if there's going to be an
upside movement in the P or downside

movement in S and P the dropdown on this
particular day in the morning session

that could have been dropping down
into a hard timeframe, discount array.

And then it showed a rejection
early on in the morning, and then

we saw the larger, higher timeframe.

Unfold going into the afternoon session
and the accumulation that seen by way of

smart money, their footprint is seen here
with the divergence, with the index SMT.

So now we've contrast that the
characteristics of the am session

we've introduced the quiet period
of the day, the lunch hour, and

then the restart or the resuming of
activity with the PM session trend.

Again, it begins around 1:00
PM, New York time and extends

all the way to 4:00 PM at the.

The last hour, 3:00 PM, going
into the last hour of equities

trading that last hour can create
the opposite end of the range.

Now we mentioned in the am session
teaching that typically that

opening range or first hour trading
creates the higher, low the day.

Now, if that's the case, then we know
that the last hour of the trading

day, which is three o'clock to four
o'clock New York time, generally we'll

create the opposite end of the range.

So if we see a low.

In the morning session and it's
been a really strong up day.

And during lunch we see no retracement
and the PM session starts to

indicate they want to go higher too.

We can feel confident that any trade that
we trade in the same direction that was

made from the am session, we'll continue
going into that last hour of trading.

So as soon as the bond market closes
at 3:00 PM, New York time, that's

usually when the market makes its high.

And respective, uh, terms to
what was seen in the ad session.

So if the answer session creates the low
of the day or suspected low of the day,

the last hour, 3:00 PM to 4:00 PM, New
York time will create the high of the day.

If the am session or first hour of the
trading day creates the high the day, then

we know that most likely, if it's going
to be a down close day, it will continue

to go lower until the bond market closes.

And shortly after three o'clock.

You'll see the low that they form
and it goes into close at 4:00 PM.

So hopefully this has
been insightful to you.

We're going to blend these things
into a cohesive trading plan.

Our next lesson is going to talk
about how it can pick targets.

Once we understand what session
we're going to be trading in

until then I wish you good luck.

And.