CPI Reflections & Falling For False Hope, September 14 2022 || ICT Twitter Space

So I wanna talk a little bit about the CPI release today. Obviously when, uh, when you see these things after you get home from work, wake up in your own local time zone and look back and see the chart, it can fool you into thinking that you could have got filled at that real juicy high in the morning. Where you'll see these guys out there that'll show you their demo account entries or market replay and count that as somehow sniper precision. And in fact, some of them actually may come from my fold. I shared today that that would absolutely not have happened in real time . Nobody would've gotten filled at all, right? As the CPI number released, it was so quick. I recorded it. I was sitting right next to Caleb at the time, outlining exactly what I was expecting, and it was lightning quick, like in seconds. It had already moved dozens of handles. There's no way anyone would've gotten filled at all. The problem with this is sometimes demo accounts will allow you to get quote unquote filled. That would not happen in real life. Life. Anyone that would be telling you that this is a day that you could have killed it, that you could have burned down the house with all these profits this morning session. No, the only way you could have made money is if you would've been chasing price. And this would've been a textbook example of when not to chase price, because it could just, well come back. 2030 handles on you in breakneck speed. So part of this approach that teaching you, it's meant to obviously steer you away from things that will hurt you. These things have hurt me in the past when I didn't have someone that would help guide me, warn me that these potential pitfalls were just in the offing, the next trading session, the next trading day. When are these likely to occur? I thought our model looks for B Tech News event. There are certain events on the economic calendar that are, yes, red or orange, and they would be dubbed as a medium or high impact news driver, but not all high or medium impact news drivers are equal. Some of them, for instance, non-farm payroll, that's a high impact news driver. Do we trade that? No CPI number. I like to trade that after it hits, like after the market hits. Then if I can find an, you know, an ideal scenario to enter, then I'll do it today. was giving me no quarter, no chance whatsoever, and it did an entire month's range or more in minutes. So I mentioned this in passing multiple times when I talk about missing moves and. Now I don't care about missing this move personally, but seeing comments on trading view, cuz there's a a way for people to like send me direct messages and I ignore them predominantly, but there's a lot of 'em saying, you know, did I get this move? Was I able to capture any this move? Did I, did I do this? Did I do that? And I can imagine by me answering them individually, number one, it would feel cool cuz it's like a direct response rate for me. Like I'm a celebrity, which I'm not. And that likely would make them feel like they should have been doing something with a day like this. And it's simply not the case. Like you can see on your chart, if you're looking at it now, it looks like it would've been a wonderful opportunity to obviously be in there going short, near the high after all it traded up into a bearish order block. On the daily chart, it gave it a real, let me see if I can put my water bottle down here without spelling it. , it gave an ideal entry that would be classic by definition, but you'd be fooling yourself with false hope because the chart reflects what has already happened.But you cannot go back in time and assume for a moment with any bit of confidence that you would've been filled because there's no way. Look at the recording I had this morning. I shared it right on Twitter, like that was me sitting there. That was me outlining the actual order block. It was me actually taking my cursor, showing my son, this is what he's gonna do.