All language subtitles for lection_1_audio

We will start out straight with the
price action on the Euro monthly chart,

you can see.

If we take the SIP tool to measure the
premium and discount, we

take the monthly swing high to the
monthly swing low.

Then we pull the SIP and you can see
that everything above the 0 .5 level

is the premium, the monthly premium.

and everything below is the monthly
discount right and as you can see on the

monthly the first pd array we have is
this monthly value gap

right here and as you can see we trade
into that monthly value

gap during april and may and if we then
go down to the

weekly

We can also see that we have a volume
imbalance here, and we also have this

swing high right here.

But for now, we will focus on this
monthly imbalance right here.

So, on the weekly, we can see that we
had this weekly swing high, which is the

buy side right, resting right below this
monthly pay value gap.

As you can read in the PDF of this
course I talked about swing highs

resting next to table value gaps.

So in this example we have the weekly
swing high and the monthly imbalance

here.

And we trade through that high and we
tag that or almost tag

that monthly imbalance and then in the
following weeks we take out the buy side

once again right so at this point we

now have our weekly dealing range right
here right we have the swing low right

here swing high right here and now we
can also pull a whip here to determine

the premium and discount of this range
right

If we then go down to the daily time
frame, we

can see that we, on the daily, we

have here the weekly high, we take that
high out and then we had this last

swing low right here, which is also the
swing low which created this last high

here, which has taken liquidity.

from this level and you can also see how
we perfectly respect that 0 .5 level of

this monthly value gap right and if we
then add

the dxy the dollar index to this chart

you can see that when when we look
compare the highs of the euro with the

of the dxy you can see that we

Made a low here. So we made a lower low
here and the higher higher in euro But

then once euro made a higher high taking
out Rating the buy side right into this

pebbly gap You can see that the dollar
index failed to make a lower low. So at

this point we have an S &T divergence,
right?

Or at least we can anticipate at this
point an S &T divergence.

An S &T divergence As I told you, if we
anticipate a market mega model or a

shift in the order flow at a higher time
frame key level, we can then anticipate

or we can use S &T as a confluence to
frame a higher time

frame shift in order flow.

So at this point we could anticipate an
S &T here.

But to confirm the FMT we first of all
need a shift in order flow on the daily

chart here.

So to confirm a shift in order flow
here, I would like to see a close below

body or the wick of the last down -close
candle and the swing lure right here.

So we have FMT here, potential FMT with
a DXY right here and

then you can see in the following up
days we also get a close below

this candle and at this point for me the
daily order flow has shifted to the

bearish side right so we are now in a
bearish order flow and we can look for

shorts aiming for the for the sell side
of those lows here right

So, we mark out the higher time frame.

This is now a breaker block, right? We
make a low, higher high. We break below

the low, so now this is a breaker.

And you can see how we respect the lower
half of this pd -array. We always want

to see a reaction in the lower half of a
bearish pd -array or an inversion pd

-array in this case.

We have a daily break -up lock and you
can see how we retrace in the lower half

of this break -up lock and then we get
displaced into the downside and we have

pay value gap right here.

So this pay value gap is being left
open.

Why? Because this is a break -away gap.

How can you anticipate a break -away
gap?

Because we have a range here.

Price is leaving that range and if price
is leaving a range with this placement

you can anticipate that the first
failure gap will usually act as a

gap and will be left untapped.

Then you can see how we displace lower
again and we also close

below this order block.

So those two down -closed candles create
one bullish order block and once we

close below they turn as well into a
break -up lock, right? So we have a

-up lock here.

And if we look on the sell side now of
this curve, right? We have the buy side

here.

All of this is the buy side.

And this is the sell side, right?

So we have this inversion level, which
is the break -up lock.

And now we also have on the sell side a
value gap right here.

And you can see how we on the following
day we trade into that stability gap, we

respect the breaker, we close with the
lower half of the breaker and then we

the sell -off and we take out the swing
low here and

the swing low which is also the first
swing low resting right in the

discount of this range and we take this
out as well.

So you could have used this POI here,
the breaker block and the value gap on

daily to look for lower time frame
trades aiming into those lows right

How we frame lower time frame trades
according to the daily bias, we will get

into that soon, but for now I will just
want to give you an idea how we use the

daily chart to determine order flow and
to get our daily bias.

which will be the most important thing
going forward when we determine our

intraday trades and our directional bias
rate.

So we had the sell -off right here from
this high value gap, taking out the sell

side right here, and we also trade right
into the discount of this entire range.

And after we had three expansion candles
to the downside, we then see a

retracement candle.

on the daily and also a consolidation
candle.

So a consolidation candle, why?

Because you can see the candle body of
this wick is almost at the same price,

the open price is almost at the same
price as the closing price, right? So

candle body is relatively small compared
to the other bodies of the daily

candles, right? So it's a consolidation
daily profile and after the

consolidation we again get three
expansion candles to the downside right

then take out the sell side below the
swing low as well right so

now we can see that we are trading
already in a quite a deep discount of

range and we now have to consider that
we might see a consolidation and a

possible reversal happening here and
also if we take a look we have

a daily order block right here this is a
daily order block, why?

because this is also a high probability
order block because we have taken

liquidity we've taken liquidity of this
thing low and this thing low and then

we had the break of structure above this
high which created the

impulse to the downside, right? so this
is a high probability order block and

We ideally, I told you, here we want to
see the lower half being respected.

In this case you want to see price
respecting the upper half and not

below the 0 .5 level of this order block
here, right?

We also have a volume imbalance right
here, which is also aligning with the

upper half of this daily bullish order
block, right? So we have...

PDArray alignment here, we have multiple
PDArrays aligning and if we are bullish

here we might want to use this POI here
as our higher time frame POI to look for

a potential accumulation happening here
and then we see a reversal and we can

aim for potentially those equal highs
here and if we go on the weekly again

we also have a volume imbalance right
here so We mark that out with

a volume imbalance right here, which is
still unmitigated, right?

Price has not traded into it besides
here.

So we also have a weekly swing high. So
we have buy side resting inside of this

volume imbalance, right?

So we have the volume imbalance right
here and this buy side right here and

the equal highs.

And if we take a look at the weekly, we
are still in a...

In a bullish order flow we are making
higher highs, higher lows, we break old

highs making a higher high and now we
want to see if price can make a higher

right here and then aiming for the buy
side here and eventually the buy side

resting above the weekly swing high
right here.

So now what we can see as well, if we
look at the weekly chart, we have an old

volume imbalance right here.

And we close below, so this is now an
inverted volume imbalance.

So if price is trading up here, we
ideally don't want to see a weekly or

close above this level. And we want to
see price using this level as resistance

to sell off and trading on the daily
deeper

into this order block and eventually
into this.

volume imbalance right here.

So now if we take a look at the daily
again, the daily chart, we look at the

sell side of the curve.

What PDA rates do we have here? So we
have on the sell side, we have this

inverted volume imbalance and on the
sell side, so the present side of the

current order flow, we have those two up
-closed candles and if we have a

bearish order flow, All up -close
candles should act as a resistance in

and ideally we don't want to see price
closing above the up -close candles.

Ideally we see a rejection from the
middle or the lower half again of this

right here.

So now we have the daily PDAs. We have
the

daily oil block right here.

the bearish order block we have this
inverted volume imbalance and we also

our bullish pd arrays which is this
volume imbalance and this

bullish daily order block right and as i
told you we now want to look if we can

frame a possible reversal here and then
taking out or aiming for all of those

buy side highs here and eventually if we
confirm the bullish order flow and we

confirm the weekly higher low being
placed here.

We then will also aim for the equal
highs right here, and as we've also

out, the weekly buy side right here,
which is resting inside of this

weekly volume imbalance right.

We want to see a higher low being formed
here, but on the daily we are still

being bearish, and now we want to wait.

If we can see...

if we can get consolidation here and
then a shift in order flow on the daily

then look for bullishness on euro right
and how we will do that that will be the

topic of the following up videos