The ICT Student

Full-Time NQ & ES Futures Trader
In my job you have to understand
the patterns that rule the world.
You have to learn to read the curve.

[The Inner Circle Trader @I_Am_The_ICT]

Still talking... isn't he?

[Riz Iqbal @Wordsofrizdom]

When Ali Khan ICT Met His Trading Mentor @I_Am_The_ICT in Mecca, Saudi Arabia

Full Link Below 👇

[The Kobeissi Letter @KobeissiLetter]

Financial conditions today are easier than when the Fed started raising interest rates in March 2022.

As seen in the chart below, financial conditions today are actually near their best since January 2022.

The same picture can be seen in measures of financial conditions from the Chicago, St. Louis, and the Kansas City Fed.

With Core CPI inflation still around 4%, this will be a problem for the Fed.

Higher for longer seems to be returning.

[*Walter Bloomberg @DeItaone]

❖ FED'S BOSTIC: I WAS A LITTLE SURPRISED BY DATA, BUT HAVE SEEN A LOT OF PROGRESS ON INFLATION- CNBC

❖ FED'S BOSTIC: CAN LIVE WITH RECENT INFLATION DATA, FED SHOULD BE PATIENT ON POLICY

[The Kobeissi Letter @KobeissiLetter]

BREAKING: January PPI inflation hits 0.9%, above expectations of 0.6%.

Core PPI inflation JUMPED to 2.0%, above expectations of 1.6%.

Both CPI and PPI inflation have come in above expectations in January.

Disinflation seems to be slowing.

Can the Fed really pivot here?

[$𝘯𝘪𝘱𝘦𝘳 @matt_loeber]

Here’s the nugget from today

~ Standard Deviations

@I_Am_The_ICT / @ICT_Concepts

[*Walter Bloomberg @DeItaone]

❖ MNI SOURCES: ECB Cut Expectations Range From 50-100BP In 2024

Expectations on the European Central Bank’s Governing Council for rate cuts this year currently range between 50 and 100 basis points in 25bp steps, with more dovish members looking for an earlier start but the largest bloc coalescing around a June commencement for easing and then lowering the deposit rate twice more, Eurosystem sources told MNI.

[The Spectator Index @spectatorindex]

Countries that have entered recession today:

🇯🇵 Japan
🇬🇧 United Kingdom

[Bloomberg TV @BloombergTV]

BREAKING: US retail sales for January dropped by the most in nearly a year after a strong holiday season.

Weekly jobless claims fell by 8,000 to 212,000 https://t.co/nAksGR1IM7

[The Inner Circle Trader @I_Am_The_ICT]

Micros make money. If anyone mocks you for using them while you trade, they are prone to be unprofitable and clueless.

They cost money and payout less... but if you have skill, it won't matter.

[Not Jerome Powell @alifarhat79]

Jerome Powell trying to fix inflation

[Loz @LozTradez]

If 9am-9:30am is treated as accumulation,

And 9:30am-10:00am as manipulation,

Then 10am-11:00am would give a high probability setup for distribution towards a PDA or Liquidity.

[Michael Brown @MrMBrown]

UK Inflation (Jan)

CPI (YoY): 4.0% vs. 4.1% exp. (prior 4.0%)

CPI (MoM): -0.6% vs. -0.3% exp. (prior +0.4%)

Core CPI (YoY): 5.1% vs. 5.2% exp. (prior 5.1%)

CPI Services (YoY): 6.5% vs. 6.8% exp. (prior 6.4%)

[*Walter Bloomberg @DeItaone]

❖ USD/JPY HAS INCREASED BY 1%, REACHING 150.85

[Bloomberg TV @BloombergTV]

JPMorgan Asset Management Chief Global Strategist David Kelly says the most recent inflation data suggest the economy is cooling but “it’s just cooling more slowly" https://t.co/TgcR2Ielmi

[Michael Brown @MrMBrown]

White House supposedly panicking about today's inflation print not allowing Fed to cut rates...Biden's probs already forgotten what the print was...

[*Walter Bloomberg @DeItaone]

❖ Morgan Stanley -- “The acceleration in core PCE is aligned with our view of a bumpy path ahead. We think that sequential prints in 1Q24 will be overall higher than what we have seen in the last 6 months. This acceleration will be one factor delaying the decision to start cutting rates to June this year”

[The Inner Circle Trader @I_Am_The_ICT]

Fear is something guilty people experience.

No fear here.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: January CPI inflation rate falls to 3.1%, above expectations of 2.9%.

Core CPI inflation was unchanged at 3.9%, above expectations of 3.7%.

This is the 34th consecutive month with inflation above 3% and first jump since September.

Can the Fed really pivot right now?

[The Inner Circle Trader @I_Am_The_ICT]

I will be doing a project apart from the markets this year. Some of you enjoyed my talks about things that were not specific to markets or trading. I have family and a friend I want to witness to using this, and you are welcome to listen in this year.

https://t.co/XYrhN3hsRL