A live futures lesson arguing price is algorithmic, taught through the opening range gap.
Opening range is 9:30 to 10, thirty minutesHe insists the opening range is a 30-minute interval, not 5 or 15 minutes, because that is what the algorithm refers to.
Half the gap fills 70% of the timeWith a gap over 30 handles, he gives a 70% chance price trades to at least the midpoint in the first 30 minutes.
Demo trading is a legal safeguard, not weaknessHe teaches on paper because the CFTC served him in the 90s for missing risk disclaimers and he is not a licensed advisor.
Executive SummaryAI
Before the bell the host marks previous settlement around 568 and three-quarters and plots the opening range gap, noting it sits inside the new day opening gap of August 16.
After 9:30 the market opens below settlement, giving a discount opening range gap whose midpoint, or consequent encroachment, becomes the first threshold he watches.
He explains he teaches in demo or paper trading because the CFTC regulates futures and Forex and he is not a licensed trading or financial advisor.
His core statistic: when the opening range gap is more than 30 handles, there is a 70% chance price fills at least half of it between 9:30 and 10 o'clock.
He frames the drop below relative equal lows as smart money accumulating sell stops before repricing higher into the unfilled gap, then walks through the inversion fair value gap and bullish breaker that followed.
Key Quote
“You've got a 70% chance that's going to happen.”
— ICT
Key Quote
“It's 100% controlled.”
— ICT
Key Quote
“They cannot, they will never, ever, ever buy on an uptick.”