Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:00,966 --> 00:00:02,333
Alright, a couple of trades here for the
2
00:00:02,333 --> 00:00:04,133
playbook today. One of these was taken on
3
00:00:04,133 --> 00:00:06,033
stream and the other one was taken off the
4
00:00:06,033 --> 00:00:08,366
public stream. That trade was too quick.
5
00:00:08,500 --> 00:00:10,166
It closed before the stream was able to
6
00:00:10,166 --> 00:00:12,133
start. So I'll break these down in the
7
00:00:12,133 --> 00:00:13,466
playbook because they are worthy of the
8
00:00:13,466 --> 00:00:16,166
playbook trades. It shows A-ranked setups
9
00:00:16,166 --> 00:00:18,266
using the same sort of area and same
10
00:00:18,266 --> 00:00:21,066
cluster, but on two different sides of the
11
00:00:21,066 --> 00:00:22,933
market. This is what I mean when I talk
12
00:00:22,933 --> 00:00:24,733
about in the community. I've mentioned it
13
00:00:24,733 --> 00:00:26,966
to a couple of you guys that you shouldn't
14
00:00:26,966 --> 00:00:29,966
marry your particular bias if you're
15
00:00:29,966 --> 00:00:33,366
expecting a short and you get the small
16
00:00:33,366 --> 00:00:34,766
reaction happens but then it breaks
17
00:00:34,766 --> 00:00:37,766
through. Be willing to quickly flip to a
18
00:00:37,766 --> 00:00:40,433
long bias, at least in the short term. You
19
00:00:40,433 --> 00:00:42,366
can see I took a short first and then a
20
00:00:42,366 --> 00:00:45,266
long second, both using the same sort of
21
00:00:45,266 --> 00:00:47,333
area and same sort of levels. So let's
22
00:00:47,333 --> 00:00:49,166
break them down. We had a cluster of value
23
00:00:49,166 --> 00:00:51,266
levels in here. Very tight sort of range
24
00:00:51,266 --> 00:00:54,133
of value levels across this portion of the
25
00:00:54,133 --> 00:00:56,966
range today. The first trade here, you can
26
00:00:56,966 --> 00:01:00,166
see that it was a short and a very quick
27
00:01:00,166 --> 00:01:02,366
short, only three points. A three-point
28
00:01:02,366 --> 00:01:05,166
scalp using six contracts, just under $1
29
00:01:05,166 --> 00:01:08,500
,000 on this particular trade. So what
30
00:01:08,500 --> 00:01:09,933
we're looking at here is we have the
31
00:01:09,933 --> 00:01:12,366
reinforced value area level, right? We
32
00:01:12,366 --> 00:01:14,466
have the overnight value area low and you
33
00:01:14,466 --> 00:01:16,766
see this very distinctive node or shelf of
34
00:01:16,766 --> 00:01:18,366
volume across here at the time of that
35
00:01:18,366 --> 00:01:21,200
trade. Very distinctive, right? It's not
36
00:01:21,200 --> 00:01:24,833
ambiguous, very sharp edge right across
37
00:01:24,833 --> 00:01:27,700
the overnight value area low and it's also
38
00:01:27,700 --> 00:01:29,933
in very close proximity with that previous
39
00:01:29,933 --> 00:01:32,166
week's value area low. So it was quite a
40
00:01:32,166 --> 00:01:34,000
confident level to look for a quick snap
41
00:01:34,000 --> 00:01:36,366
reaction and it's exactly what we got. As
42
00:01:36,366 --> 00:01:39,133
soon as price approached that level 6653,
43
00:01:39,366 --> 00:01:42,133
I got my limit order, limit sell in there.
44
00:01:42,533 --> 00:01:44,400
It triggered really quick and was done
45
00:01:44,400 --> 00:01:47,866
within a matter of 20, 30 seconds for that
46
00:01:47,866 --> 00:01:50,166
trade to take profit. Three points. Now, I
47
00:01:50,166 --> 00:01:52,266
was only expecting a short little pullback
48
00:01:52,266 --> 00:01:54,700
or reaction from this point because you
49
00:01:54,700 --> 00:01:57,266
can see from the lows down here, if you
50
00:01:57,266 --> 00:01:58,900
look at the low here and look at the
51
00:01:58,900 --> 00:02:01,333
volume, very little volume transacted on
52
00:02:01,333 --> 00:02:03,633
that dip low and was immediately bought
53
00:02:03,633 --> 00:02:05,933
back up. So what that says to me is that
54
00:02:05,933 --> 00:02:07,666
there was a lack of interest at these lows
55
00:02:07,666 --> 00:02:10,233
from, in this case, sellers. Sellers were
56
00:02:10,233 --> 00:02:12,300
not able to continue to push down. They
57
00:02:12,300 --> 00:02:14,100
became uninterested in selling any further
58
00:02:14,100 --> 00:02:16,333
at that price and buyers took over,
59
00:02:16,500 --> 00:02:19,633
pulling price back into value. Very strong
60
00:02:19,633 --> 00:02:21,566
move as well. Little to no pullbacks.
61
00:02:21,833 --> 00:02:24,233
Little to no engagement from sellers. So I
62
00:02:24,233 --> 00:02:26,066
was not expecting this to be a complete
63
00:02:26,066 --> 00:02:29,633
reversal. Rather, just a quick pullback at
64
00:02:29,633 --> 00:02:31,466
a high probability area for that to
65
00:02:31,466 --> 00:02:33,633
happen. Hence, a small trade. Three points
66
00:02:33,633 --> 00:02:36,333
scalped to the downside. And then you can
67
00:02:36,333 --> 00:02:39,333
see not long after that, it reversed. The
68
00:02:39,333 --> 00:02:40,766
other reason for that three point take
69
00:02:40,766 --> 00:02:43,233
profit was I wanted to take profit before
70
00:02:43,233 --> 00:02:45,433
this high volume node here was traded
71
00:02:45,433 --> 00:02:47,400
into. You can see this high volume node
72
00:02:47,400 --> 00:02:49,500
and the current session value low were
73
00:02:49,500 --> 00:02:51,566
right across this area. You can see that's
74
00:02:51,566 --> 00:02:53,233
where that retest happened before price
75
00:02:53,233 --> 00:02:55,166
continued to the upside. So I wanted to be
76
00:02:55,166 --> 00:02:56,866
in and out of that trade fairly quick
77
00:02:56,866 --> 00:02:59,166
before it reversed, continuing to the
78
00:02:59,166 --> 00:03:00,600
upside. So that was trade number one.
79
00:03:01,433 --> 00:03:03,133
Trade number two, you can see I took it
80
00:03:03,133 --> 00:03:05,466
long. Now at the time of that trade, let's
81
00:03:05,466 --> 00:03:09,766
pull the volume profile across to the time
82
00:03:09,766 --> 00:03:12,433
of that trade. And this trade here was
83
00:03:12,433 --> 00:03:16,633
taken at 2.46pm. And let's look at the
84
00:03:16,633 --> 00:03:18,533
profile. So this is just the opposite of
85
00:03:18,533 --> 00:03:20,966
what that first trade was. We'd pulled up
86
00:03:20,966 --> 00:03:23,666
back into value, back into the value of
87
00:03:23,666 --> 00:03:25,433
the current session and back above the
88
00:03:25,433 --> 00:03:28,100
value area lows of the previous week and
89
00:03:28,100 --> 00:03:31,233
the overnight session value low. And back
90
00:03:31,233 --> 00:03:33,266
to around that fair value of the point of
91
00:03:33,266 --> 00:03:36,333
control of overnight. So we can see that's
92
00:03:36,333 --> 00:03:38,500
where the price pulled back into. And I
93
00:03:38,500 --> 00:03:42,000
was looking for my entry to be within this
94
00:03:42,000 --> 00:03:44,066
zone here. So between the overnight value
95
00:03:44,066 --> 00:03:46,100
low and overnight point of control, we
96
00:03:46,100 --> 00:03:48,200
have just a cluster. It's not as distinct,
97
00:03:48,333 --> 00:03:49,633
right? It's not as distinctive as that
98
00:03:49,633 --> 00:03:51,733
first shelf. But there is a definite
99
00:03:51,733 --> 00:03:55,066
cluster of volume sitting across these
100
00:03:55,066 --> 00:03:57,566
levels. So that kind of reinforces this
101
00:03:57,566 --> 00:04:00,200
zone as an area where I'd want to get
102
00:04:00,200 --> 00:04:02,333
long. So I initially wanted my entry to be
103
00:04:02,333 --> 00:04:04,766
a little bit lower into this area here.
104
00:04:05,133 --> 00:04:07,100
But on the DOM at the time, there was a
105
00:04:07,100 --> 00:04:10,433
large amount, 700 plus contracts sitting
106
00:04:10,433 --> 00:04:12,566
on the bid. So I was watching that and I
107
00:04:12,566 --> 00:04:14,833
tried to get filled just in front of that
108
00:04:14,833 --> 00:04:17,500
bulk of orders. And so I got a slightly
109
00:04:17,500 --> 00:04:19,600
less favorable entry, but still within
110
00:04:19,600 --> 00:04:21,933
that zone. And my stop loss still outside
111
00:04:21,933 --> 00:04:24,933
of that high volume node. So I was in a
112
00:04:24,933 --> 00:04:27,733
good area, all things considered. Better
113
00:04:27,733 --> 00:04:29,733
entry would have been deeper, but I got my
114
00:04:29,733 --> 00:04:33,866
entry at 6,655. Right, right in that zone
115
00:04:33,866 --> 00:04:35,700
confirmed by the high volume cluster
116
00:04:35,700 --> 00:04:37,866
within these two value levels. Having been
117
00:04:37,866 --> 00:04:39,933
broken to the upside, coming back to
118
00:04:39,933 --> 00:04:42,500
retest. I'm looking for that long. So I
119
00:04:42,500 --> 00:04:45,233
got long there, filled, and took profit at
120
00:04:45,233 --> 00:04:47,333
five points, which also wasn't entirely
121
00:04:47,333 --> 00:04:49,666
arbitrary. But also because we had this
122
00:04:49,666 --> 00:04:51,400
massive cluster of volume here, definite
123
00:04:51,400 --> 00:04:54,033
shelf of volume sitting right across the
124
00:04:54,033 --> 00:04:56,133
highs here. So I wanted to be out of that
125
00:04:56,133 --> 00:04:58,166
trade within that cluster, not trying to
126
00:04:58,166 --> 00:05:00,333
hold it any further to what was point of
127
00:05:00,333 --> 00:05:02,066
control at the time. And you can see
128
00:05:02,066 --> 00:05:03,866
that's basically where price paused for
129
00:05:03,866 --> 00:05:06,633
the rest of the session for today. If we
130
00:05:06,633 --> 00:05:08,533
pull it across to when I exited my trade,
131
00:05:08,966 --> 00:05:10,800
that's what the profile looks like. And
132
00:05:10,800 --> 00:05:12,966
not long after, that became point of
133
00:05:12,966 --> 00:05:14,966
control itself. So a good exit on that
134
00:05:14,966 --> 00:05:16,833
trade. Decent entry. Could have been a
135
00:05:16,833 --> 00:05:19,233
better entry, but can't complain. Still
136
00:05:19,233 --> 00:05:21,500
got in within the right zone and got out
137
00:05:21,500 --> 00:05:23,866
in the right area, banking two wins in a
138
00:05:23,866 --> 00:05:26,733
row. Same trade idea, same confluences,
139
00:05:26,933 --> 00:05:28,700
basically just using the flip side, right?
140
00:05:28,933 --> 00:05:31,133
Value levels reinforced on the other side
141
00:05:31,133 --> 00:05:33,433
versus value level reinforced from the
142
00:05:33,433 --> 00:05:36,466
underside here. So a good example of how
143
00:05:36,466 --> 00:05:39,133
to use the volume profile to trade both
144
00:05:39,133 --> 00:05:41,633
sides of the market, regardless of bias.
145
00:05:41,933 --> 00:05:43,366
You know, if you're taking a counter trend
146
00:05:43,366 --> 00:05:45,133
move, just take a smaller trade, three
147
00:05:45,133 --> 00:05:46,866
points. If it's an A-rank trade and you
148
00:05:46,866 --> 00:05:49,033
want to take it, just make it smaller. All
149
00:05:49,033 --> 00:05:50,833
right? Anticipating just a smaller move,
150
00:05:51,066 --> 00:05:53,300
counter trend. Boom. Banking that short
151
00:05:53,300 --> 00:05:55,633
and banking that long next. So I hope that
152
00:05:55,633 --> 00:05:57,833
is helpful for you. And I wanted to really
153
00:05:57,833 --> 00:06:00,000
drive home that point. Don't marry your
154
00:06:00,000 --> 00:06:01,933
bias. There are opportunities in both
155
00:06:01,933 --> 00:06:03,966
directions. Just be careful about your
156
00:06:03,966 --> 00:06:05,533
take profit targets to make sure you can
157
00:06:05,533 --> 00:06:07,600
actually lock in that money while price
158
00:06:07,600 --> 00:06:09,200
continues to do its thing.
11832
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.