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okay.
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Welcome back folks.
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Okay.
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We are continuing our series this week
for aiming for 6% return for the month.
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I think that's a good, low end
objective for a aspiring trader,
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even if that's all you ever amount
to do, as far as consistency, it
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blows away everything out there in
terms of managed funds and all that.
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So we, uh, I sent you a tweet
regarding the British pound
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USD, something to study and.
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We're going to cover that real quick.
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And we're looking at a dollar.
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You can give you something that's
salient for right now and recap what
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I was leading your attention to.
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Um, everyone that's new.
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Obviously they, uh, they have some work
to go through for the September content,
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but we talked about a specific idea or
concept as it relates to liquidity runs.
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Now liquidity runs are going to be.
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Your bread and butter trade.
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They're the ones that you're going to
find them all the time in the charts.
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They're in every timeframe, you'll
be able to see these in every
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well, just about every trading day.
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There's one that's forming.
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It may not be in the payer that you're
looking at or studying right now.
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And that's good.
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That's why I want you to focusing on
just one payer, because there's gonna
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be times when there is no setup and
you have to wait in that waiting room.
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Okay.
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That patients factor is essential because
you need to understand when there is no
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opportunity in the opera, in the pair
you're trading and exercise patients
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don't force your will on the marketplace.
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So what I'm going to go over today
quickly is the present condition on
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British pound and the dollar index.
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And then we're going to take a look
at how we can go in and start framing.
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Yeah.
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That could help build our 6% goal.
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It's going to be kind
of brief this morning.
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I'm already warned you ahead of time
with the duration with why a Brock
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bracketed out the time nine to 9 45.
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So let me try to do it in 40 minutes.
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Uh, very little, uh, uh, to
talk about specifics because
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it's pretty straightforward,
so let's get right into it.
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Uh, I sent it a tweet.
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Highlighting the liquidity pool, which
is taught in the, uh, September content.
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And there's another liquidity pool
risk resting below these lows here.
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Now,
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if we look at old lows, especially
on a daily chart, and I'm going
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to ask this rhetorically, I'm not
really following on the questions
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box, then there's some of you, right.
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Posting stuff.
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If I look at that, it's going to make
this session a lot longer than it needs
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to be, but we have an old, well, and
we have another old over here who, who
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trades primarily off of a daily chart,
smart money is banks, large institutions.
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So if we understand that that's
the, the animal that lives.
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See that Brexit thing screws me up.
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I got to get that out of here somehow.
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Well, don't have to
stay like it is for now.
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This low has cell stops below it.
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In this low has cell stops below it.
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And one of the questions I've got was
how do I know that there are cell stops?
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If I reading something, am I
getting private information?
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Am I getting some kind of information
directly from an institution?
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And it's it's this it's obvious.
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Okay.
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Whenever there's a low that's
formed in the marketplace and price
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starts to expand the way from that.
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The understanding is this, this is part of
the role playing model that I teach you.
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You have to assume like a market
maker that when the market rallies
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away, somebody, some entity is long.
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And if they're long, they're going to be
looking for protection on that, on that
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long position, just like anyone else.
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If they're long, they're going
to protect that long position
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with a sell stop below a reset.
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Now how far back in terms of
that low they're going to look
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for is relative to the amount of
risk you're willing to assume.
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But since this is a major reactionary
low, in other words, this is the
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obvious turning point on this timeframe.
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Just like this is an
obvious turning point.
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This is an obvious turning point.
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This is an obvious turning point.
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Here's one it's obvious.
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Here's one.
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That's obvious.
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Here's another one.
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Here's another one.
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So when we look at those reference points
that just literally jump off the chart.
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They're the ones you're primarily focused
on because that's the one everybody
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else's eyes are going to go to as well.
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And because of the nature of how
obvious these highs and lows are
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relative to the daily timeframe, it
makes identification on liquidity
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pools, which is above and OHI.
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It's by stops because our assumption
is when the market's dropping,
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some entity is shortening.
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So they're going to protect her short
position with a stop in the form of
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a buy stop, just like anyone else.
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They're going to protect it with a
Bi-State rest of and above in Ohio.
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And now understanding this as
if it goes to that high and they
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don't want to incur more loss.
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They're willing to submit to
the idea that they were wrong.
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So above old highs is by
stops and below old lows.
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They are cell stops.
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What makes a low resistance liquidity run
high probability is the fact that we've
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only got one turning point right here.
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And it didn't spend a lot of time there.
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It was, it hit that level
and then traded off of it.
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So as we started consolidating, okay.
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See, I was consolidating in here right
before it punched down below this.
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We're going to talk about, and I saw
your question, Thor or comment about, uh,
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not, uh, not being willing to see this
as a long in here and we'll show you why
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that was actually a viable, uh, condition
because it's off of the daily chart.
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But when the price is ready to expand,
many times it'll go into consolidation.
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And because of that, Interbank, uh,
I'll go the way it delivers price.
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It will offer the market a tight
consolidated range, allowing
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participants to build in orders above
the short-term high would be by stops
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below this low would be sell stops.
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The essential takeaway is where's
the least path of resistance to
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get the next level of liquid.
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The market has been dropping.
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You have this level down here with a big
pool of cell stops below the marketplace.
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Is this market most likely going
to stop here and go straight up?
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Not likely now, obviously some of
you and especially the new folks that
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weren't here watching daily in September,
when we were talking about movies
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before it happened, it's important
that you understand conceptually
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that before big moves happen or when
these big runaway moves take place.
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There is a consolidation that takes place.
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Then it's a little pause or a
little trading range type idea.
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And that sets up the big neck, uh,
the next big sprint, uh, price swing.
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So if the next price swing is aiming,
most likely for these lows in here,
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because there's a sell stops below this,
for those that went long and bought
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as this starts to drift down in here,
these orders are the next logical.
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00:08:03,000 --> 00:08:06,120
And if we get down to that level
here, is there anything early
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00:08:06,120 --> 00:08:07,830
over here supporting price?
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Because the bodies of the candles
on this swing low have already
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breached the bodies of the candles.
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Here we identify and we're aware of
the wicks, but we're more primarily
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concerned with the bodies of the candle.
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So this, this swing actually violated
this low, even though it doesn't
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look like it, it did because the
bulk of the volume is in the box.
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This expansion is all
going to be different.
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And I'm going to give you an example.
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What I mean by that?
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If we look at the, uh, the delivery
of price for July 6th, 2016,
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the low on this feed is 1 27 90.
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Okay.
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1 27 90.
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So if we were to tweak our
respective low for that, given.
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I guarantee you there's going to be a
wide disparity between everyone's data
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feed, because it was a run on liquidity.
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It was an expansion down to run stops.
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So every broker or every, uh, uh,
liquidity provider that you operate
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through, they're all going to have a
different low, because they're going
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to expand through where their book
is so they can see what in their
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own house of, uh, private liquidity.
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They can make a run on their own
customers and that's allowed by law.
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They can do that.
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And you sign over the rights.
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Uh, for them to do that, when you sign up
and open up an account, you're basically
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saying, take my money when it's available.
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And that's the nature of this business.
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So not only are you competing with
just the general price action,
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but many times you're actually
dealing with the competition of your
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broker, which will cannibalize you.
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00:09:37,170 --> 00:09:41,939
So when we see this low here,
we're not specifically looking
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at the low itself, we're looking
at the bodies of these candles.
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Okay, so to give you a better
understanding, what I mean by that
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is this low is really in true form.
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It's this that's the actual low, these
wicks are just running for liquidity.
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00:09:57,585 --> 00:09:59,325
Now we have to be aware of them.
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I'm not saying that they're not something
to be monitoring, but when price
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trades down through it, okay, this is
essentially a run on this low right here.
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Even though we have two wicks
that went lower than these
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bodies, and essentially this.
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Went below this low here, this actually
cleaned out the liquidity below that low.
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And we'll talk more about that
when we talk about institutional
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pricing, but for now let's keep our
discussion focused on the actual lows.
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Okay.
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Cause everybody else is going
to think about that too.
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So we have price consolidating rate
above an old low, and we know that
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there's a sell stocks below it.
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If it gets to this low by running down.
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00:10:42,520 --> 00:10:42,580
Yeah.
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00:10:43,425 --> 00:10:43,694
Okay.
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00:10:43,694 --> 00:10:44,775
And expands lower.
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00:10:45,975 --> 00:10:48,615
It's not likely that it's going
to come down just below this low
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00:10:48,615 --> 00:10:50,115
and then reject and go higher.
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00:10:50,324 --> 00:10:55,035
It's going to go for the next close
proximity for liquidity, which would
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be this area over here on this low.
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00:10:57,194 --> 00:10:57,615
Okay.
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00:10:58,214 --> 00:11:04,454
So when I tweeted the chart to you,
let me see if I can get this little
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00:11:04,454 --> 00:11:09,255
bugger shifting over a little bit,
so I can work with this chart.
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00:11:15,000 --> 00:11:15,540
There it is.
191
00:11:16,050 --> 00:11:16,770
I'm just getting there.
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00:11:16,770 --> 00:11:17,120
It is.
193
00:11:19,290 --> 00:11:20,430
Thank you, Jesus.
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00:11:20,610 --> 00:11:20,850
All right.
195
00:11:20,880 --> 00:11:27,930
So looking at this chart, we have the low
again, focus on the bodies of the candles.
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00:11:27,930 --> 00:11:31,770
It's cleaning out the lows here with
the bodies, not these long wicks.
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00:11:31,770 --> 00:11:32,610
Don't pay attention to.
198
00:11:33,464 --> 00:11:36,314
You're looking primarily at
the bodies of the candle.
199
00:11:36,314 --> 00:11:37,635
So we cleaned that out.
200
00:11:37,964 --> 00:11:38,415
Okay.
201
00:11:38,745 --> 00:11:41,925
And we talk about turtle soups
later on in, uh, mentorship
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00:11:42,255 --> 00:11:44,025
and, uh, rejection patterns.
203
00:11:44,594 --> 00:11:46,964
You're actually going to see, this
is being taught to you like this.
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00:11:46,964 --> 00:11:50,175
It doesn't necessarily need to go
through the wicks and that's, that's
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00:11:50,175 --> 00:11:57,285
my, um, I guess my deposit into what
I learned from the street smarts
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00:11:57,285 --> 00:12:02,444
book, uh, by Larry Connor and Linda
rash, uh, they, they sent a wonderful.
207
00:12:03,329 --> 00:12:06,689
To the trading community in the
form of a turtle soup, uh, break
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00:12:06,720 --> 00:12:10,949
false break above a 20 day high
or a false break below 20 day low.
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00:12:11,490 --> 00:12:15,819
And while I don't require that many bars
or that many candles to see, uh, uh,
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00:12:16,170 --> 00:12:21,000
a trade set up, I can do it with just
five candles that doesn't need to be 20.
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00:12:21,720 --> 00:12:26,610
And by having that big, this
right here, this low wouldn't
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00:12:26,610 --> 00:12:28,770
be seen as a turtle suit.
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00:12:28,980 --> 00:12:31,439
And by definition, that was
described in that book streets.
214
00:12:32,505 --> 00:12:35,415
But the way I view price in a way
I'm going to teach you is that this
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00:12:35,415 --> 00:12:40,694
is actually turtle soup because
it's a false break below the bodies
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00:12:40,694 --> 00:12:43,845
of these candles to the bulk of
the volume in this turning point.
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00:12:43,845 --> 00:12:43,935
Right.
218
00:12:44,685 --> 00:12:45,915
It's actually seen in the bodies.
219
00:12:46,335 --> 00:12:49,665
So that's why we spend very
little time looking at Wix.
220
00:12:49,785 --> 00:12:53,265
The only time we pay attention to wicks
is when we're looking at fair value gaps.
221
00:12:53,265 --> 00:12:56,715
They're not going to talk real
specifics about that this month as well.
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00:12:57,045 --> 00:12:59,775
I only introduced it last month, so
you're going to get a lot more detail.
223
00:13:00,165 --> 00:13:02,385
And when do you use the body
of the candle and the Wix?
224
00:13:02,415 --> 00:13:03,915
All that's going to be
explained to you this month.
225
00:13:05,790 --> 00:13:10,140
A problem that they're struggling with
that makes it'll all go away, all the
226
00:13:10,140 --> 00:13:11,610
free content that I didn't give you.
227
00:13:11,790 --> 00:13:12,150
Okay.
228
00:13:12,270 --> 00:13:14,610
It fills in this month on
regards to border blocks.
229
00:13:15,330 --> 00:13:18,000
So we have the consolidation in here.
230
00:13:18,180 --> 00:13:18,600
Okay.
231
00:13:18,630 --> 00:13:19,890
Prices in consolidation.
232
00:13:19,890 --> 00:13:22,560
And it's doing this rate above an old low.
233
00:13:23,370 --> 00:13:31,069
Now this old low has down candle
right before this expansion.
234
00:13:32,385 --> 00:13:36,465
So this down candle, we know that who
buys on the market goes lower, smart
235
00:13:36,465 --> 00:13:39,765
money banks, large institutions, because
they have to buy when prices going lower.
236
00:13:40,155 --> 00:13:41,925
That's the only way they're
going to get efficient pricing.
237
00:13:41,955 --> 00:13:45,135
Otherwise, if they bought lots of Dillon
here, the volume that they're trying
238
00:13:45,135 --> 00:13:49,845
to price in to their orders, there's
going to get so many inefficient fills.
239
00:13:49,905 --> 00:13:50,085
It.
240
00:13:50,085 --> 00:13:51,015
Won't be a good.
241
00:13:53,320 --> 00:13:55,210
Averaging in, on their
own, their position.
242
00:13:55,240 --> 00:13:59,080
They have to get as close as
they possibly can to a range of
243
00:13:59,080 --> 00:14:00,670
average pricing for their orders.
244
00:14:00,820 --> 00:14:02,050
Otherwise they get in a lot of trouble.
245
00:14:02,380 --> 00:14:06,820
So to do that, they have to do orders
buying when the market's going lower.
246
00:14:07,300 --> 00:14:07,480
Okay.
247
00:14:07,480 --> 00:14:09,130
So when banks buy, they're doing them.
248
00:14:09,190 --> 00:14:13,360
When, when the market drops
aggressively into a level, you're
249
00:14:13,360 --> 00:14:14,470
going to need to learn that.
250
00:14:14,800 --> 00:14:18,760
And we've got a lot of exercises that
help you discover how that's actually
251
00:14:18,760 --> 00:14:19,870
the most efficient way of doing it.
252
00:14:19,900 --> 00:14:21,640
You don't want to be buying
when the market right.
253
00:14:22,410 --> 00:14:27,690
And then for some of you knew that just
signed up, you probably know what it feels
254
00:14:27,690 --> 00:14:29,340
like to see these types of moves here.
255
00:14:29,340 --> 00:14:30,300
Then you want to be buying it.
256
00:14:31,050 --> 00:14:32,220
You feel comfortable buying it.
257
00:14:32,220 --> 00:14:35,640
Then you're going to learn that you need
to be buying it right when this candle is
258
00:14:35,640 --> 00:14:40,590
all the way boldfaced down, not when this
WIC forms, when it's down here, that's
259
00:14:40,590 --> 00:14:44,970
when you're going to be looking to buy
just as well as when this down candle
260
00:14:44,970 --> 00:14:50,220
here, we identify that as a potential area
of institutional order flow with buying.
261
00:14:51,270 --> 00:14:51,870
By orders.
262
00:14:52,230 --> 00:14:53,310
Why would we expect that?
263
00:14:53,310 --> 00:14:54,960
Because there's a big move off that low.
264
00:14:55,050 --> 00:14:56,550
This is the last down candle.
265
00:14:56,820 --> 00:14:58,080
So we referenced that over here.
266
00:14:58,830 --> 00:15:03,510
So to answer your question, um, in
regards to why that one trade wouldn't
267
00:15:03,510 --> 00:15:07,470
be a good, uh, viable trade, yada yada
um, you look at the daily chart and
268
00:15:07,470 --> 00:15:11,640
you'll see the, or block reference
points you have opening 1 29, 12.
269
00:15:12,870 --> 00:15:15,480
The loneliness candle comes in at 1 29 20.
270
00:15:16,305 --> 00:15:16,665
The loan.
271
00:15:16,665 --> 00:15:19,635
This candle comes in at 1 29 13.
272
00:15:19,964 --> 00:15:21,974
So it's working off this order block here.
273
00:15:22,305 --> 00:15:23,564
So you get this reaction in here.
274
00:15:24,074 --> 00:15:28,785
So this, this retracement into the
bearish or block this up candle right
275
00:15:28,785 --> 00:15:34,605
after this down move here that violated
this low, this whole concept right here.
276
00:15:34,694 --> 00:15:34,995
Okay.
277
00:15:34,995 --> 00:15:38,535
It's crouching above an order block.
278
00:15:38,564 --> 00:15:39,645
It means it's this palsy.
279
00:15:41,020 --> 00:15:42,160
Letting orders build up.
280
00:15:42,460 --> 00:15:45,670
So that way they can span price
down to where the least area of
281
00:15:45,670 --> 00:15:47,200
liquidity would be Westing below here.
282
00:15:48,250 --> 00:15:49,120
Basically it's like this.
283
00:15:49,120 --> 00:15:51,670
Think if you went along here and
say, this wasn't a daily chart.
284
00:15:52,180 --> 00:15:52,420
Okay.
285
00:15:52,420 --> 00:15:56,020
And you know exactly what I'm about
to explain to you, you know, exactly
286
00:15:56,200 --> 00:15:57,760
intimately with S feels like everywhere.
287
00:15:59,055 --> 00:16:01,485
You went along here, we're
going to say we're assuming.
288
00:16:01,875 --> 00:16:02,205
Okay.
289
00:16:02,235 --> 00:16:04,005
And you went along, you held
onto the position and you
290
00:16:04,005 --> 00:16:05,535
got married to the position.
291
00:16:05,535 --> 00:16:06,405
It's going to keep going up.
292
00:16:06,855 --> 00:16:08,265
Then it starts to come down
and you're thinking, okay,
293
00:16:08,265 --> 00:16:09,225
it's only a little retracement.
294
00:16:09,225 --> 00:16:10,095
It's going to keep going higher.
295
00:16:10,335 --> 00:16:13,095
Then you see this and you're
thinking, oh Jesus, let me see it.
296
00:16:13,095 --> 00:16:13,545
Come back up.
297
00:16:13,575 --> 00:16:14,355
I want to get out of this thing.
298
00:16:14,385 --> 00:16:15,045
And it never does.
299
00:16:15,375 --> 00:16:17,805
Then it goes into this pattern
here and the whole time your
300
00:16:17,805 --> 00:16:18,885
stop-loss is below here.
301
00:16:19,065 --> 00:16:24,465
So this whole point at which it's doing
this, this is all a psychological ploy.
302
00:16:24,795 --> 00:16:25,245
Okay.
303
00:16:25,455 --> 00:16:26,475
To allow sentiment.
304
00:16:27,645 --> 00:16:30,555
If there was no stop-loss placed,
they're going to play some here
305
00:16:31,215 --> 00:16:32,745
because people do trade without stops.
306
00:16:33,615 --> 00:16:36,465
But if they hold price here,
those individuals that did not
307
00:16:36,465 --> 00:16:39,165
have a stop below that low will
now put a hard stop in there.
308
00:16:39,675 --> 00:16:47,865
See a bank, can't pay her up against a
mental stop or a hypothetical stop or a,
309
00:16:48,135 --> 00:16:49,785
well, if it goes there, then I'll execute.
310
00:16:50,055 --> 00:16:52,635
It has to operate as a
counter party against the.
311
00:16:53,685 --> 00:16:57,615
So everyone, that's in a long
position here and it's still
312
00:16:57,615 --> 00:16:59,444
being held in this condition here.
313
00:16:59,925 --> 00:17:04,305
They're going to have that, that
squirming feeling of an anxiety, all
314
00:17:04,305 --> 00:17:07,605
that stuff that they know that their
stock's about to get hit, but they
315
00:17:07,605 --> 00:17:13,214
won't get out of the tree or traders
that will not relinquish the idea okay.
316
00:17:13,214 --> 00:17:14,204
Of this trade.
317
00:17:14,504 --> 00:17:16,365
They stick to it, they marry it.
318
00:17:16,994 --> 00:17:20,325
So then if they didn't have a stop loss,
they'll put it on an X that low now.
319
00:17:21,525 --> 00:17:22,694
So this is all engineers.
320
00:17:23,935 --> 00:17:25,615
Okay, this is all
engineering of liquidity.
321
00:17:25,944 --> 00:17:27,984
They won't let it go down there and
below that low, because they want
322
00:17:27,984 --> 00:17:31,375
to believe they want rather, they
want traders to believe that there's
323
00:17:31,375 --> 00:17:35,455
liquidity safety in the form of putting
their stock below that low it's.
324
00:17:35,455 --> 00:17:35,725
Okay.
325
00:17:35,754 --> 00:17:36,385
Don't worry about that.
326
00:17:36,415 --> 00:17:39,295
That's that's where it should
be because they're the banks
327
00:17:39,295 --> 00:17:40,645
and the, the, the market makers.
328
00:17:40,645 --> 00:17:43,945
If they, if they even know what
a market maker is, they're just
329
00:17:43,945 --> 00:17:44,995
going to be nice to them that day.
330
00:17:44,995 --> 00:17:47,514
And it does scare them, but
they won't take her stock.
331
00:17:47,575 --> 00:17:49,045
Well, that's not what
happens in the price.
332
00:17:49,045 --> 00:17:50,004
Obviously you want to hit, so.
333
00:17:51,195 --> 00:17:54,855
We're a block and where they can
reprice new shorts, then they expand
334
00:17:54,855 --> 00:17:56,895
price going lower and true to form.
335
00:17:56,895 --> 00:17:59,925
If we're going to take that low out here,
they're going to run this low as well.
336
00:18:00,255 --> 00:18:01,275
And you see that here.
337
00:18:01,635 --> 00:18:03,855
That's what the tweet was
showing and identifying where the
338
00:18:03,855 --> 00:18:05,145
market's going to reach for first.
339
00:18:05,625 --> 00:18:08,025
So you're going to get a lot of that
stuff as we go through the mentorship
340
00:18:08,565 --> 00:18:11,445
and their opportunities for you
to study on a lower timeframes,
341
00:18:11,805 --> 00:18:13,875
four hour, one hour, 15 minutes.
342
00:18:13,905 --> 00:18:17,495
If you can, if you're able to do
it, if not live, at least do it on.
343
00:18:18,435 --> 00:18:20,775
Hindsight basis after you get home
from work or whatever you're doing, and
344
00:18:20,835 --> 00:18:22,185
that keeps you from watching it live.
345
00:18:25,755 --> 00:18:28,635
So having this understood.
346
00:18:29,865 --> 00:18:30,165
Okay.
347
00:18:30,165 --> 00:18:34,365
And this being a low resistance
liquidity run, meaning that there
348
00:18:34,365 --> 00:18:38,805
is nothing, but this one little turn
preventing price to expand through that.
349
00:18:39,285 --> 00:18:39,615
Okay.
350
00:18:40,065 --> 00:18:44,235
Contrast that with, we
have this whole big block.
351
00:18:45,525 --> 00:18:47,055
Yeah, this big block of price up in here.
352
00:18:47,415 --> 00:18:47,865
Okay.
353
00:18:48,555 --> 00:18:52,425
This runs through all of this,
the buyers of candles in here.
354
00:18:52,515 --> 00:18:54,105
This is actually right here.
355
00:18:54,105 --> 00:18:59,775
This point from this point
here to here as identified as a
356
00:19:00,045 --> 00:19:02,205
high resistance liquidity run.
357
00:19:02,985 --> 00:19:06,315
Now in the lower timeframes, this
little portion of price action becomes
358
00:19:06,315 --> 00:19:07,935
a low resistance liquidity run.
359
00:19:08,415 --> 00:19:10,335
So it's going to be relative
to the timeframe you're looking
360
00:19:10,335 --> 00:19:12,295
at, but looking at price down.
361
00:19:13,485 --> 00:19:16,395
It's got to get through a lot of
price action to get above those
362
00:19:16,395 --> 00:19:19,395
highs in the bodies, not the
wicks, the bodies of the candle.
363
00:19:19,515 --> 00:19:19,875
Okay.
364
00:19:20,205 --> 00:19:24,525
Now what else is describing relative to
these bodies down here and this swing low
365
00:19:24,525 --> 00:19:29,535
swing through it, taking out the lows of
what will be formed with these bodies.
366
00:19:29,535 --> 00:19:30,195
Turning here.
367
00:19:30,525 --> 00:19:34,065
We breached that by the bodies
of these candles, then expanded
368
00:19:34,065 --> 00:19:36,465
higher the bodies of these candles.
369
00:19:38,304 --> 00:19:38,754
Okay.
370
00:19:38,995 --> 00:19:40,665
That's all was necessary to run through.
371
00:19:40,715 --> 00:19:41,905
Notice that this high here.
372
00:19:42,145 --> 00:19:46,645
Yes, it went above the previous high, but
it didn't go through these wicks because
373
00:19:46,645 --> 00:19:50,574
the bulk of the volume on selling is
all seen in the bodies of the candles.
374
00:19:51,774 --> 00:19:53,304
So that's all that was necessary there.
375
00:19:53,304 --> 00:19:58,254
So on a lower timeframe, this is actually
a low resistance liquidity run, but in
376
00:19:58,254 --> 00:20:01,794
re in regards to the current timeframe,
if we were looking at price right
377
00:20:01,794 --> 00:20:06,175
here to get above these highs here,
it would be a high resistance liquid.
378
00:20:07,170 --> 00:20:10,320
And you have to treat them differently,
different parameters, different ideas,
379
00:20:10,530 --> 00:20:13,500
but it's still a trade that can still
be taken, but you have to understand
380
00:20:13,500 --> 00:20:17,070
the context of what you're trading
through and it low helps you lower
381
00:20:17,070 --> 00:20:21,900
your expectation in terms of the
magnitude or the velocity of how far
382
00:20:22,260 --> 00:20:24,450
price will go and what speed it moves.
383
00:20:25,590 --> 00:20:27,870
So let's look at this real quick,
it's break it down and I'll give
384
00:20:27,870 --> 00:20:31,680
you some examples on how you can go
in and start looking for 6% setups.
385
00:20:34,330 --> 00:20:35,050
Uh, let's go into.
386
00:20:35,880 --> 00:20:36,570
Hourly chart.
387
00:20:41,360 --> 00:20:44,090
Now, if you kept control, why
on your empty four platform?
388
00:20:44,090 --> 00:20:45,410
They get the record day dividers.
389
00:20:45,410 --> 00:20:50,390
And obviously we don't use that, but
it gives us the, uh, th the retail
390
00:20:50,390 --> 00:20:51,800
perspective on what the day looks like.
391
00:20:52,580 --> 00:20:54,080
We always go in with
392
00:20:57,360 --> 00:20:59,580
identifying where the midnight candle is.
393
00:21:02,280 --> 00:21:04,980
I'm going to keep these blue to save time.
394
00:21:07,034 --> 00:21:11,804
You'll just have to allow me
that luxury today to save time.
395
00:21:16,814 --> 00:21:17,205
Okay.
396
00:21:17,294 --> 00:21:18,345
So now we can take control.
397
00:21:18,345 --> 00:21:18,945
Why off?
398
00:21:19,965 --> 00:21:20,145
Okay.
399
00:21:20,145 --> 00:21:21,915
Now we've defined the daily ranges.
400
00:21:22,064 --> 00:21:22,365
Okay.
401
00:21:22,365 --> 00:21:28,095
This is true high, true,
low and close dead time.
402
00:21:28,965 --> 00:21:29,325
Okay.
403
00:21:30,554 --> 00:21:30,975
Too high.
404
00:21:30,975 --> 00:21:32,504
Whichever is higher in here.
405
00:21:32,745 --> 00:21:33,984
High comes at 1 24.
406
00:21:36,370 --> 00:21:37,300
1 28 52.
407
00:21:37,300 --> 00:21:41,560
So this is a high today here
and price expands lower these
408
00:21:41,560 --> 00:21:43,960
levels, these horizontal lines.
409
00:21:44,200 --> 00:21:44,620
Okay.
410
00:21:44,649 --> 00:21:49,120
All they are are the liquidity
pools that were identified on the
411
00:21:49,120 --> 00:21:50,409
daily chart we just came from.
412
00:21:50,919 --> 00:21:51,159
Okay.
413
00:21:51,190 --> 00:21:53,470
Let me drop back out to a deal just so
you can see what we're talking about,
414
00:21:53,470 --> 00:21:54,490
because I may have lost some of you.
415
00:21:57,340 --> 00:21:57,760
Okay.
416
00:22:01,389 --> 00:22:02,379
Is the actual order backlog.
417
00:22:02,379 --> 00:22:03,129
So I messed that up.
418
00:22:04,605 --> 00:22:06,524
The low here and the low here.
419
00:22:06,555 --> 00:22:07,605
That's where identifying here.
420
00:22:07,635 --> 00:22:09,375
So then we go back down
into credit and debt.
421
00:22:14,875 --> 00:22:15,055
Okay.
422
00:22:15,055 --> 00:22:18,745
So here's the price moving below
that first low, where liquidity
423
00:22:18,745 --> 00:22:19,735
would be resting below it.
424
00:22:20,245 --> 00:22:20,425
Okay.
425
00:22:20,425 --> 00:22:21,325
Price goes through it.
426
00:22:21,325 --> 00:22:21,985
Dips down.
427
00:22:22,524 --> 00:22:24,625
We have one low it
rallies up a little bit.
428
00:22:24,655 --> 00:22:26,995
Drive through again, takes the stops out.
429
00:22:27,024 --> 00:22:29,365
What was breasting below
this low here sell stops.
430
00:22:29,665 --> 00:22:30,024
Okay.
431
00:22:30,205 --> 00:22:31,315
So once the cell stops.
432
00:22:32,835 --> 00:22:33,795
Now, this is for your notes.
433
00:22:33,825 --> 00:22:34,065
Okay.
434
00:22:34,065 --> 00:22:36,345
This is one of those times where
you gotta be using your pen.
435
00:22:38,075 --> 00:22:38,815
Can we use a pencil?
436
00:22:38,815 --> 00:22:44,485
I guess if the market is
predisposed to go lower.
437
00:22:45,265 --> 00:22:45,655
Okay.
438
00:22:45,955 --> 00:22:50,395
If the market's predisposed to go
lower and it expands them as it should,
439
00:22:50,605 --> 00:22:52,105
and it clears a level of resistance.
440
00:22:52,135 --> 00:22:52,945
I'm sorry, support.
441
00:22:53,875 --> 00:22:54,895
This is what we're seeing here.
442
00:22:54,895 --> 00:22:56,155
That level here, it breaches.
443
00:22:56,155 --> 00:22:59,215
It expect a minor little.
444
00:23:00,255 --> 00:23:04,365
And then hang around it and maybe even
retracement, that's a normal reaction.
445
00:23:04,485 --> 00:23:04,965
Okay.
446
00:23:05,385 --> 00:23:07,995
It'll come up a little bit and
then you want to see, does it
447
00:23:07,995 --> 00:23:09,225
want to drive below the low?
448
00:23:09,225 --> 00:23:12,375
It just creates once it
breaches that initial low,
449
00:23:12,675 --> 00:23:13,575
that's what you're seeing here.
450
00:23:13,575 --> 00:23:14,685
They retrace this a little bit.
451
00:23:15,015 --> 00:23:18,255
Now here is the millionaire making
concept that you need to be aware of.
452
00:23:18,975 --> 00:23:24,555
Once it dries down again, after the first
run through support, once it runs through
453
00:23:24,555 --> 00:23:27,825
there and then bounces, there's going to
be buyers that think this is going to be.
454
00:23:29,189 --> 00:23:33,450
Because traditional support resistance
says that this low here that we referenced
455
00:23:33,450 --> 00:23:36,600
on the daily chart, all you have to
do is put a horizontal line in your
456
00:23:36,600 --> 00:23:38,909
chart and then just it's that easy.
457
00:23:38,939 --> 00:23:40,050
Just buy it when it gets down there.
458
00:23:40,830 --> 00:23:44,310
So when they offer that little
bit of a rally, people are going
459
00:23:44,310 --> 00:23:46,740
to be buying the MML, put their
stop loss rate below that low.
460
00:23:47,730 --> 00:23:52,740
You're going to wait and see if there
is an opportunity for them to run
461
00:23:52,740 --> 00:23:54,270
back down there and get those stops.
462
00:23:54,629 --> 00:23:55,169
If they do.
463
00:23:56,070 --> 00:24:00,990
If they do that, you know, that there's
most likely a stronger opportunity for
464
00:24:00,990 --> 00:24:05,790
them to keep expanding this thing lower
because they're killing those individuals,
465
00:24:05,790 --> 00:24:11,100
trying to catch a low that's tipping that
essentially tipping their hand to you.
466
00:24:11,100 --> 00:24:12,210
If we were at a poker table.
467
00:24:12,540 --> 00:24:12,870
Okay.
468
00:24:12,900 --> 00:24:15,030
And the smart money was on the
other side of the table to us,
469
00:24:15,240 --> 00:24:17,130
it'd be like them saying, okay,
here's what I'm holding right now.
470
00:24:17,160 --> 00:24:19,440
Here's my cards in price action.
471
00:24:19,470 --> 00:24:22,170
They're giving you all the indications
that this thing's wants to go lower.
472
00:24:23,535 --> 00:24:27,255
The retracement higher off
of the first support level.
473
00:24:28,215 --> 00:24:29,715
That's a normal characteristic.
474
00:24:29,715 --> 00:24:29,805
Now.
475
00:24:29,805 --> 00:24:31,125
Sometimes they won't even do that.
476
00:24:31,305 --> 00:24:34,095
It'll just drive clean right on through
the level in the morning and turn back.
477
00:24:34,575 --> 00:24:37,725
But if it gives you these
opportunities, you want to see it
478
00:24:37,725 --> 00:24:39,465
bounce there, come back a little bit.
479
00:24:40,095 --> 00:24:42,075
Once it blows through those lows.
480
00:24:42,075 --> 00:24:42,465
Again.
481
00:24:43,095 --> 00:24:45,585
Now you're looking for markets
to go back to Fairview.
482
00:24:47,060 --> 00:24:47,930
What's fair value.
483
00:24:47,960 --> 00:24:49,639
Well, I taught in September.
484
00:24:49,909 --> 00:24:54,110
What that is is the market's going to
expand and create a one-way movement,
485
00:24:55,040 --> 00:24:59,120
which is you see here one down candle,
two down candle, three down candle.
486
00:24:59,780 --> 00:25:00,200
Okay.
487
00:25:00,470 --> 00:25:06,800
So we've created a small little liquidity
void where everything is all one-sided.
488
00:25:07,100 --> 00:25:08,480
There's no up candles in there.
489
00:25:08,540 --> 00:25:12,379
They've only offered price on the sell
side, lower, lower, lower, lower, lower.
490
00:25:14,295 --> 00:25:17,805
So if we go into this price action
here, after we identify something,
491
00:25:18,015 --> 00:25:23,085
okay, we're going to look at
specifics in here to get 6% a month.
492
00:25:23,625 --> 00:25:25,965
You only need one set up per week.
493
00:25:26,295 --> 00:25:27,075
You only need one.
494
00:25:28,365 --> 00:25:32,504
The things I taught you in September,
we're going to build on each one of those
495
00:25:32,504 --> 00:25:36,105
components over the next four months.
496
00:25:37,375 --> 00:25:41,005
When we get to the seventh month,
when you get into more detail about
497
00:25:41,005 --> 00:25:45,895
things that you haven't learned in a
pre tutorials, it will be very quick
498
00:25:45,985 --> 00:25:48,355
for you to go in and see the charts
and say, okay, there's an opportunity.
499
00:25:48,685 --> 00:25:51,175
And more importantly, you'll be able to
look at the chart and say, you know what?
500
00:25:51,205 --> 00:25:52,465
I have nothing to do right now.
501
00:25:52,495 --> 00:25:55,975
And I got to turn the charts off
that that's, that's the discernment
502
00:25:55,975 --> 00:25:58,945
you're going to have, but when
we see price action, giving these
503
00:25:58,945 --> 00:26:00,025
opportunities like this, yeah.
504
00:26:00,085 --> 00:26:03,535
Fred, number one, you frame the levels
of liquidity on the daily chart.
505
00:26:04,379 --> 00:26:08,100
If you trade with those levels, you're
going to get the highest probable setups.
506
00:26:08,370 --> 00:26:10,260
It doesn't mean that there
won't be opportunities on
507
00:26:10,260 --> 00:26:11,280
the lower one hour charts.
508
00:26:11,370 --> 00:26:11,610
Okay.
509
00:26:11,610 --> 00:26:15,720
That's set up that you will see
takeoff and will be a part of, but
510
00:26:15,720 --> 00:26:18,600
if you want this trade with the
highest degree of institutional
511
00:26:18,600 --> 00:26:22,169
sponsorship, that means that the banks
are actually behind the moves and
512
00:26:22,169 --> 00:26:23,940
they're really going to push price far.
513
00:26:24,360 --> 00:26:28,290
That means you're trading
bigger magnitude trades with
514
00:26:28,290 --> 00:26:30,840
higher velocity what's velocity.
515
00:26:31,050 --> 00:26:33,030
How fast the market's going
to move away from that.
516
00:26:34,475 --> 00:26:38,195
The market can't move fast away from
something that's on a five minute chart.
517
00:26:38,975 --> 00:26:41,105
If you're seeing movement on a
five minute chart, it's fast.
518
00:26:41,135 --> 00:26:44,195
I guarantee you you're finding
it on something that's relative
519
00:26:44,195 --> 00:26:45,395
to a daily or a four hour chart.
520
00:26:46,054 --> 00:26:49,925
And what I mean by that is something
providing support or resistance relative
521
00:26:49,925 --> 00:26:54,245
to a daily or four hour price does
not move off of a five minute chart.
522
00:26:54,605 --> 00:26:56,345
It's just reflecting price action.
523
00:26:56,794 --> 00:27:00,935
But price is designed to move off
of reference points, institutionally
524
00:27:01,385 --> 00:27:02,675
that's on the daily and the four hours.
525
00:27:03,479 --> 00:27:06,540
So, if you do majority of your
analysis, and some of you are actually
526
00:27:06,540 --> 00:27:09,659
concerned about this because I do a
lot of intraday talking and teaching,
527
00:27:09,870 --> 00:27:12,209
but it gives me, it gives me a lot
of opportunity to give examples.
528
00:27:12,840 --> 00:27:18,959
But if you listen to what I'm telling
you here, daily and four hour levels
529
00:27:19,050 --> 00:27:23,070
are essential for your understanding,
regardless of what kind of trait you are.
530
00:27:23,520 --> 00:27:25,439
I mean, if you're going to be
a day trader, it's going to
531
00:27:25,439 --> 00:27:26,459
make it even better for you.
532
00:27:26,489 --> 00:27:29,570
If you're going to be a swing trader, it's
obvious it gets where your trades going.
533
00:27:30,600 --> 00:27:34,260
If you're going to be a short-term trader,
you've got the best of both worlds.
534
00:27:34,260 --> 00:27:36,389
You have the blending of what
day trading can give you for
535
00:27:36,389 --> 00:27:38,580
entry with swing trading setups.
536
00:27:38,760 --> 00:27:45,300
So you can do very, very short-term
trades with high payouts, with low risk.
537
00:27:45,389 --> 00:27:48,179
So you can do a lot more gearing
with short-term trading day trading.
538
00:27:48,179 --> 00:27:50,550
You've got to keep that balance a little
bit and don't get too crazy with the
539
00:27:50,550 --> 00:27:52,379
risks and obviously swing trading.
540
00:27:52,409 --> 00:27:54,120
You got to really keep the risk low.
541
00:27:56,580 --> 00:28:01,439
So, if we look at this, we see price
run more, one more time below that low.
542
00:28:01,919 --> 00:28:02,219
Okay.
543
00:28:02,219 --> 00:28:07,860
So if we see this, we've seen them make
a run on the liquidity below that initial
544
00:28:07,860 --> 00:28:10,889
loan, a daily chart, then they have a
real, a retracement, and then they run
545
00:28:10,889 --> 00:28:13,500
one more time for those individuals
that want to try to buy the low.
546
00:28:14,610 --> 00:28:18,060
When you see that they're going to
create that quick sudden rundown.
547
00:28:18,419 --> 00:28:21,929
And when it happens,
they've created a void.
548
00:28:22,754 --> 00:28:25,365
In liquidity, it only
offered the sell side.
549
00:28:25,785 --> 00:28:29,025
They keep repricing lower, lower,
lower, lower, lower to make a run on
550
00:28:29,025 --> 00:28:34,155
the initial buyers sell stops when they
come through those and then come back
551
00:28:34,155 --> 00:28:37,695
up to that level again, if it can do it
and we'll always do it, but if it can do
552
00:28:37,695 --> 00:28:40,065
it, you should going back to fair value.
553
00:28:40,125 --> 00:28:43,185
What did they do here on this up handle?
554
00:28:43,185 --> 00:28:48,585
Who sells on up candles for up
movements who sells in that smart money?
555
00:28:49,649 --> 00:28:53,580
Now specifically, if we look at
the range created by this candle,
556
00:28:54,090 --> 00:28:57,149
this candle and this candle
and blend these three together.
557
00:28:57,149 --> 00:29:02,399
Now I don't have capacity to make a
three hour chart, but I want you to
558
00:29:02,399 --> 00:29:04,260
look at how the range is defined.
559
00:29:13,800 --> 00:29:15,330
This is the actual order block.
560
00:29:15,420 --> 00:29:18,390
It's the body of the candle here
to the body of the candle here.
561
00:29:18,420 --> 00:29:19,650
That's the bulk of the volume.
562
00:29:20,400 --> 00:29:21,480
If we take that
563
00:29:29,140 --> 00:29:30,880
and define it with the fifth.
564
00:29:34,125 --> 00:29:36,045
Because he price goes right
up in the equilibrium.
565
00:29:36,225 --> 00:29:39,735
We allow to trade through a
little bit that's normal, but
566
00:29:39,735 --> 00:29:42,495
look at how the body look, how
the bodies are being kept at bay.
567
00:29:43,095 --> 00:29:46,575
This is only reaching up four
stops on a lower timeframe.
568
00:29:46,575 --> 00:29:48,885
That's all that is its protraction market.
569
00:29:48,885 --> 00:29:53,595
Expanding up into an area just to get
liquidity, but the bulk of the volume,
570
00:29:53,595 --> 00:29:58,125
the body stay below that equilibrium
price point, which is half of the range
571
00:29:58,125 --> 00:29:59,385
that would be created by these candles.
572
00:29:59,895 --> 00:30:01,305
Now, if we used the heart.
573
00:30:03,260 --> 00:30:04,010
To the low,
574
00:30:09,520 --> 00:30:10,570
you don't get so much of that.
575
00:30:10,600 --> 00:30:14,860
You get disparity because you have the
Wix and you're focusing too much on the,
576
00:30:14,860 --> 00:30:21,790
in the, uh, the inability to hold price
in the bodies that this, this WIC action
577
00:30:22,000 --> 00:30:23,920
is always defined by stopped running.
578
00:30:24,490 --> 00:30:28,900
So we don't care too much about
the wicks more specifically,
579
00:30:28,900 --> 00:30:30,879
the last candle we do focus on.
580
00:30:32,355 --> 00:30:33,765
That is a bare shoulder block.
581
00:30:42,755 --> 00:30:46,445
So as price goes back up in here,
as it hits this moment right
582
00:30:46,445 --> 00:30:51,155
there, inside of this low up
to this body's candles opening.
583
00:30:51,485 --> 00:30:51,785
Okay.
584
00:30:51,815 --> 00:30:55,025
The body of the Canon, where it
starts, and it's low all below
585
00:30:55,025 --> 00:30:59,045
that point of opening down to
the low, that is actually fair.
586
00:31:00,895 --> 00:31:03,955
What's a fair value for its fair
value for them to sell more.
587
00:31:04,465 --> 00:31:06,475
They can't sell it down here.
588
00:31:06,715 --> 00:31:08,005
The banks can't sell it down here.
589
00:31:08,815 --> 00:31:11,305
They have to allow price, get
back to an area where it's Mt.
590
00:31:11,305 --> 00:31:11,555
It's.
591
00:31:11,555 --> 00:31:15,475
It's economical for them
and it's not ambiguous.
592
00:31:15,475 --> 00:31:17,725
It's not something that's
hiding from you in the charts.
593
00:31:17,755 --> 00:31:18,955
It's very clear.
594
00:31:18,985 --> 00:31:19,765
It's discernible.
595
00:31:19,765 --> 00:31:23,395
You can see it repeats itself and
you should expect it to occur here
596
00:31:23,395 --> 00:31:26,035
because they've already cleared
this low out on the daily chart
597
00:31:26,485 --> 00:31:27,775
and they're consolidating again.
598
00:31:29,250 --> 00:31:31,830
Now think we're in this
little block of price action.
599
00:31:32,370 --> 00:31:34,470
What's about to happen expansion.
600
00:31:35,340 --> 00:31:37,740
And once it hits that level,
it expands down again.
601
00:31:38,260 --> 00:31:40,350
Doesn't clear the low, it
just stays in the range.
602
00:31:40,350 --> 00:31:43,080
So what do we see more of
consolidation what's going to happen
603
00:31:43,080 --> 00:31:44,700
as the consolidation expansion?
604
00:31:45,090 --> 00:31:46,080
That's the only thing that can happen.
605
00:31:46,680 --> 00:31:48,810
It expands out of the consolidation.
606
00:31:49,200 --> 00:31:51,450
Once it starts to show a
willingness to go lower.
607
00:31:51,450 --> 00:31:54,160
Where's your idea in
terms of directional bias?
608
00:31:54,180 --> 00:31:54,810
Where's it going?
609
00:31:55,170 --> 00:31:56,460
Because we've already worked this level.
610
00:31:57,495 --> 00:31:59,024
So now this level is no longer salient.
611
00:31:59,264 --> 00:31:59,774
Take it off.
612
00:31:59,925 --> 00:32:00,345
It's gone.
613
00:32:01,245 --> 00:32:04,725
Where's the liquidity at it's going
to be below this low down here.
614
00:32:05,625 --> 00:32:10,004
So every time you see the market, make
a, uh, impulse price, swing lower.
615
00:32:10,754 --> 00:32:12,165
Here's an impulse price, swing lower.
616
00:32:12,165 --> 00:32:13,575
Here's an impulse price, swing lower.
617
00:32:13,754 --> 00:32:17,985
Here's an impulse price, swing, lower
taking what we learned in September.
618
00:32:18,615 --> 00:32:21,345
All you're doing is you're looking
for price to return back to fair
619
00:32:21,345 --> 00:32:25,575
value, and you anticipate price
to create new selling opportunity.
620
00:32:32,975 --> 00:32:35,465
Every time it gets back up
to the up candle for the down
621
00:32:35,465 --> 00:32:37,385
move retracements in here.
622
00:32:37,415 --> 00:32:39,125
It goes right back to the
older block, right into the
623
00:32:39,125 --> 00:32:40,504
middle of the order block here.
624
00:32:41,074 --> 00:32:41,375
Fair.
625
00:32:41,405 --> 00:32:44,044
Uh, um, that means threshold.
626
00:32:44,044 --> 00:32:48,215
It respects that here then expands,
runs the liquidity out here.
627
00:32:48,215 --> 00:32:51,665
And then one more time, it goes back
up to fair value where they can sell
628
00:32:51,665 --> 00:32:53,014
it again at a bare shorter block.
629
00:32:53,044 --> 00:32:54,274
And then boom, you exploded.
630
00:32:55,334 --> 00:32:56,564
Clearing out the liquidity.
631
00:32:56,564 --> 00:32:58,365
Now look, what's going on here.
632
00:32:59,324 --> 00:33:03,135
They've taken all the stops out below
that daily, low, the lower, low that
633
00:33:03,135 --> 00:33:04,665
we've identified with the liquidity pool.
634
00:33:04,995 --> 00:33:07,754
We expanded through it and
now we're consolidating.
635
00:33:09,745 --> 00:33:10,735
So we've already us.
636
00:33:10,794 --> 00:33:12,084
We absorbed all that now.
637
00:33:13,735 --> 00:33:17,875
So the most likely condition
would be there's been no run
638
00:33:17,875 --> 00:33:19,314
on stops above the marketplace.
639
00:33:19,344 --> 00:33:22,044
Anyone that's short prior to all this.
640
00:33:23,770 --> 00:33:27,130
Or post all this price, access, other
words, everything to the right of this
641
00:33:27,130 --> 00:33:31,330
high, there has been no runs on liquidity,
on those individuals that are short.
642
00:33:32,380 --> 00:33:34,810
You have a, uh, you have a
short term swing high in here,
643
00:33:35,170 --> 00:33:36,580
and it's also at that old low.
644
00:33:37,240 --> 00:33:43,000
So the next area of liquidity would
be right above this high 1 27 92.
645
00:33:43,180 --> 00:33:46,420
So we got 1 27 95 to 1 28 big things.
646
00:33:47,415 --> 00:33:50,775
And we would study this and
watch and see if we get expansion
647
00:33:50,805 --> 00:33:51,675
to run out that liquidity.
648
00:33:51,705 --> 00:33:52,785
Now, this is an hourly chart.
649
00:33:53,565 --> 00:33:54,885
It's not a lot of range there.
650
00:33:55,305 --> 00:33:55,665
Okay.
651
00:33:55,695 --> 00:33:57,255
But it's a, it's a way of studying it.
652
00:33:58,065 --> 00:34:00,765
We have a down candle prices
in close proximity to that.
653
00:34:00,825 --> 00:34:04,455
We've already escaped the down
candle so we could potentially
654
00:34:04,455 --> 00:34:10,514
see this expand up to one 20 with
essay 1 27 95 to 1 28 big figure.
655
00:34:10,935 --> 00:34:11,145
Okay.
656
00:34:11,145 --> 00:34:11,985
That's the next area?
657
00:34:11,985 --> 00:34:12,225
Liquid.
658
00:34:15,000 --> 00:34:16,530
At the same time this was occurring.
659
00:34:17,520 --> 00:34:23,820
The dollar index was making a run for
this high and it still could happen.
660
00:34:24,120 --> 00:34:26,400
I mean, we're really w
we're in an earshot of that.
661
00:34:26,550 --> 00:34:26,970
Okay.
662
00:34:27,210 --> 00:34:28,409
But look closely in here.
663
00:34:28,409 --> 00:34:33,960
What I just taught you relative,
the highs everyone's got this
664
00:34:33,960 --> 00:34:35,310
high notable in their chart.
665
00:34:36,210 --> 00:34:39,420
That's what the retail minded
trading concepts teach us.
666
00:34:39,810 --> 00:34:41,130
But this.
667
00:34:42,625 --> 00:34:43,554
Is the actual high.
668
00:34:44,784 --> 00:34:47,905
All these wigs are all gonna be
different relative across the spectrum
669
00:34:47,905 --> 00:34:49,764
of everyone's trading platform.
670
00:34:50,245 --> 00:34:51,235
It's all gonna be different.
671
00:34:53,784 --> 00:34:55,344
You can see how they
cleared it out over here.
672
00:34:57,114 --> 00:35:01,945
So in terms of looking at the highs,
this high here is looking at it.
673
00:35:02,665 --> 00:35:08,305
The high comes in at a 96 30
in this high, not that one.
674
00:35:09,685 --> 00:35:11,995
This high comes in at 96 31.
675
00:35:12,654 --> 00:35:15,654
So this high technically has
not been violated over here.
676
00:35:15,654 --> 00:35:19,435
If you're looking at the Wix, but I'm
telling you, the reach for liquidity
677
00:35:19,495 --> 00:35:21,234
is ready above this body as a candle.
678
00:35:21,505 --> 00:35:22,975
That's the highest of
the bodies of the candle.
679
00:35:23,305 --> 00:35:25,734
And that's all you would need to aim for.
680
00:35:26,575 --> 00:35:29,424
If you want to aim for
higher targets than that.
681
00:35:29,424 --> 00:35:31,315
When you're long, that's all on you.
682
00:35:31,915 --> 00:35:33,685
I says, I'm not, I'm
not that type of trader.
683
00:35:33,685 --> 00:35:33,955
I don't go.
684
00:35:34,845 --> 00:35:38,925
I want to know where the highest
probability for me to offload where
685
00:35:38,925 --> 00:35:40,275
the banks are going to want to offload.
686
00:35:40,785 --> 00:35:42,915
So if they're long, they're going
to want to take their positions
687
00:35:42,915 --> 00:35:46,605
often scale out, and it doesn't mean
their pricing in Hine or the top.
688
00:35:46,905 --> 00:35:50,325
It just means that's where they logically
take portions of their long positions off.
689
00:35:51,075 --> 00:35:55,965
So let me give you an exercise
and how you can start practicing
690
00:35:56,145 --> 00:35:57,165
and looking for setups.
691
00:35:57,195 --> 00:35:59,435
And then we're going to close this because
we've got to meet with the people over in.
692
00:36:00,300 --> 00:36:04,140
Webinar for those that study started,
but they can't get their accounts set up.
693
00:36:04,770 --> 00:36:11,470
So if we look at, let's go back
to this, where are we at here?
694
00:36:12,900 --> 00:36:13,420
Here we are.
695
00:36:15,910 --> 00:36:20,770
So again, just have this in mind.
696
00:36:22,690 --> 00:36:24,070
That's the area of liquidity next.
697
00:36:28,815 --> 00:36:30,625
You dropped down to a 15 minute timeframe.
698
00:36:31,734 --> 00:36:33,055
It's a little bit more clear this way.
699
00:36:35,464 --> 00:36:35,795
Okay.
700
00:36:36,424 --> 00:36:40,444
So price is broken a swing high here.
701
00:36:40,475 --> 00:36:41,705
We have an impulse price swing.
702
00:36:42,275 --> 00:36:44,345
It may not because it's
too close in proximity.
703
00:36:44,345 --> 00:36:47,915
May not allow it to give us a
retracement, but if price was come back
704
00:36:47,915 --> 00:36:50,435
down and touch the top of that candle.
705
00:36:52,875 --> 00:36:54,345
1 27, 57.
706
00:36:55,424 --> 00:36:59,115
If it hit that we could reasonably
expect that to offer some support.
707
00:36:59,895 --> 00:37:03,225
If we run a little bit here and
take out this candle's high, we've
708
00:37:03,225 --> 00:37:04,694
got to focus on this down candle.
709
00:37:05,984 --> 00:37:06,254
Okay.
710
00:37:06,254 --> 00:37:08,654
And you watch the middle
of these down candles.
711
00:37:08,654 --> 00:37:14,325
They need to be supporting price, but
just for volatility study only you want
712
00:37:14,325 --> 00:37:17,384
to watch and see if it makes a run on
the stops here because has been no runs.
713
00:37:17,384 --> 00:37:17,475
Right.
714
00:37:18,210 --> 00:37:21,569
Any trailing stop loss orders for
those that are profitably holding short
715
00:37:21,569 --> 00:37:24,930
positions and it's at the beginning
basis, points of the understanding
716
00:37:24,930 --> 00:37:28,140
of how they determine where the next
direction of price is going to go by
717
00:37:28,140 --> 00:37:31,410
knowing where the next area of liquidity
is, which one hasn't been probed.
718
00:37:31,589 --> 00:37:32,460
Bruce recently.
719
00:37:35,500 --> 00:37:39,009
Now, if you look at the setups, okay.
720
00:37:40,149 --> 00:37:44,339
Every single day, you want to
look at three days worth of.
721
00:37:46,440 --> 00:37:47,460
Three days worth of data.
722
00:37:48,120 --> 00:37:49,080
Now why three days?
723
00:37:49,380 --> 00:37:51,029
Why, why do I just pick that number?
724
00:37:51,120 --> 00:37:54,630
Well, it's been taught to you actually
in the free tutorials for years.
725
00:37:56,460 --> 00:38:03,000
If I talk about a pattern relative
to a daily chart, and I say, um, if
726
00:38:03,000 --> 00:38:06,540
I drew a try to draw your attention
to a specific price point, I
727
00:38:06,540 --> 00:38:07,890
said, okay, this is a swing low.
728
00:38:08,310 --> 00:38:09,720
If I say a swing.
729
00:38:11,185 --> 00:38:13,855
Is in the marketplace and I'm
drawing your attention to it.
730
00:38:14,065 --> 00:38:14,485
Was it?
731
00:38:14,545 --> 00:38:15,535
What am I referring to?
732
00:38:16,315 --> 00:38:21,565
It's three candles, one lower candle
with a higher candle to the left of it
733
00:38:21,745 --> 00:38:23,005
and a higher camel to the right of it.
734
00:38:26,815 --> 00:38:28,915
If you understand that
simple little price pattern.
735
00:38:29,185 --> 00:38:29,425
Okay.
736
00:38:29,425 --> 00:38:32,055
And it's not the bill
Williams fractal pattern.
737
00:38:32,065 --> 00:38:34,195
Everybody pops up on a chart
up here and I'm not going to
738
00:38:34,195 --> 00:38:35,965
do it here, but all you need.
739
00:38:39,575 --> 00:38:43,085
Is this, you have one candle,
740
00:38:47,095 --> 00:38:49,195
two, three.
741
00:38:49,615 --> 00:38:52,105
Now this is obviously a
perfect textbook swing low.
742
00:38:52,165 --> 00:38:53,275
They're not going to look like that.
743
00:38:53,665 --> 00:38:58,705
Sometimes you're going to have the
low form, something like this, or
744
00:38:58,765 --> 00:38:59,545
it could be something like that.
745
00:39:03,060 --> 00:39:03,709
Doesn't matter.
746
00:39:04,009 --> 00:39:06,490
As long as you have a candle that
has a candle to the leftover of
747
00:39:06,490 --> 00:39:09,830
the higher, low, and a candle to
everybody, but with a higher, low,
748
00:39:10,310 --> 00:39:13,640
this is a swing low or ring high.
749
00:39:13,640 --> 00:39:16,970
We used to call before electronic
trading, where we had to actually draw
750
00:39:16,970 --> 00:39:20,990
our charts out with our hand and put the
little open, close high, low together.
751
00:39:21,859 --> 00:39:22,069
Yeah.
752
00:39:22,069 --> 00:39:22,370
So.
753
00:39:24,509 --> 00:39:28,500
Once we would see out sewing high,
which is a high with one candle with
754
00:39:28,500 --> 00:39:31,920
a lower high to the left of it and
a lower high to the right of it.
755
00:39:32,339 --> 00:39:33,839
What you're seeing is a swing high.
756
00:39:34,109 --> 00:39:37,589
And when we saw this form on our charts,
we would draw a little ring above it.
757
00:39:39,000 --> 00:39:40,319
Now the significance is this.
758
00:39:40,799 --> 00:39:42,240
Why do you have to look at three days?
759
00:39:43,140 --> 00:39:44,430
I don't care if you're a swing trader.
760
00:39:44,430 --> 00:39:48,120
If you're a day trader position,
trader a scalper, okay.
761
00:39:48,149 --> 00:39:49,859
This is where your attention starts.
762
00:39:50,910 --> 00:39:53,490
Because over the last three days, okay.
763
00:39:54,120 --> 00:39:55,350
Price has done something.
764
00:39:56,040 --> 00:39:59,010
Now you may not have been aware of
what price was going to do at the time.
765
00:39:59,550 --> 00:40:03,810
You have no idea what it was going to
do, but you can look at what it has
766
00:40:03,810 --> 00:40:06,750
done to give you setups going forward.
767
00:40:07,140 --> 00:40:10,470
If you see price on a daily chart,
create this type of formation.
768
00:40:10,470 --> 00:40:12,360
Here is this swing high.
769
00:40:13,080 --> 00:40:14,550
Let me go out to a daily, real quick.
770
00:40:23,510 --> 00:40:24,830
He has a lot of business on the internet.
771
00:40:28,550 --> 00:40:28,820
Okay.
772
00:40:28,820 --> 00:40:29,540
On a daily chart.
773
00:40:29,570 --> 00:40:31,190
Here's our last swing high.
774
00:40:31,970 --> 00:40:33,940
There's been no swing
lows because we broke.
775
00:40:33,980 --> 00:40:34,610
We broke it.
776
00:40:35,030 --> 00:40:36,080
So this is a swing high.
777
00:40:36,920 --> 00:40:37,910
We have a candle here.
778
00:40:38,720 --> 00:40:41,270
We'll lower candle here to the right
of it and a lower candle to the
779
00:40:41,630 --> 00:40:44,240
left of it in price expanded lower.
780
00:40:44,450 --> 00:40:48,890
So on a daily timeframe, this market
move has been moving away from a swing.
781
00:40:50,085 --> 00:40:52,695
Is yet to make us swing
low on the daily timeframe.
782
00:40:53,625 --> 00:40:56,055
And it's reached below this
low here, like we talked about.
783
00:40:56,295 --> 00:41:00,855
So institutional order flow is what
on the daily chart, is it Bush?
784
00:41:02,115 --> 00:41:05,745
It's bearish because we've created this
swing high and we're expanding lower.
785
00:41:05,745 --> 00:41:11,085
And we're reaching for this low over
here, which we are cleared out and the
786
00:41:11,085 --> 00:41:15,765
low, which I can't show it up to fill
felt this chart that over here, this low.
787
00:41:17,355 --> 00:41:23,465
So when, when we look at price, Every
single day, you want to look at price
788
00:41:23,765 --> 00:41:25,415
what it did the last three days.
789
00:41:27,125 --> 00:41:27,995
And why is that important?
790
00:41:27,995 --> 00:41:31,355
Because you're going to factor
in the likelihood of a swing
791
00:41:31,355 --> 00:41:36,275
high or swing low forming while
you're looking at price life.
792
00:41:36,995 --> 00:41:38,015
So what do I mean by that?
793
00:41:38,435 --> 00:41:41,675
If we have the daily ranges referenced.
794
00:41:46,565 --> 00:41:46,985
Okay.
795
00:41:47,255 --> 00:41:48,245
And we're looking at the.
796
00:41:49,560 --> 00:41:51,629
A Mexican would have to
change the color on this.
797
00:41:51,629 --> 00:41:53,220
Otherwise I will confuse myself.
798
00:42:03,209 --> 00:42:03,450
Okay.
799
00:42:03,450 --> 00:42:05,730
And this is for the folks that
are just chomping at the bit.
800
00:42:06,299 --> 00:42:07,620
I need to see live trades.
801
00:42:09,209 --> 00:42:11,040
You have to see these things first.
802
00:42:11,100 --> 00:42:11,339
Okay.
803
00:42:11,339 --> 00:42:12,450
And understand why I'm doing it.
804
00:42:12,450 --> 00:42:15,990
Because if you just indiscriminately go
in here and try to copycat what I'm doing.
805
00:42:16,905 --> 00:42:17,865
You're not going to learn anything.
806
00:42:18,015 --> 00:42:19,755
Even if we make money,
you're not learning anything.
807
00:42:19,755 --> 00:42:20,565
It's ended a mentorship.
808
00:42:20,595 --> 00:42:22,485
You'll have profitable trades
and say, yeah, that was great.
809
00:42:22,545 --> 00:42:25,665
But then I'm going to miss me once we
stop, because you didn't actually learn.
810
00:42:26,085 --> 00:42:30,165
So I'm here teaching you this stuff,
not just to show you, I can do it.
811
00:42:31,815 --> 00:42:34,665
So if this is, if this is today, okay.
812
00:42:34,965 --> 00:42:36,795
Now we're going to have to use
a little bit of hindsight here,
813
00:42:36,795 --> 00:42:39,105
and we're gonna have to use some
hindsight over here and we'll have
814
00:42:39,105 --> 00:42:40,125
to use some hindsight over here.
815
00:42:40,365 --> 00:42:40,725
Okay.
816
00:42:40,905 --> 00:42:42,295
But it's just, that's
the nature of the beast.
817
00:42:45,040 --> 00:42:46,630
Here's Tuesday's trading in here.
818
00:42:47,380 --> 00:42:49,810
Remember we're working
off of a daily swing Hein.
819
00:42:49,930 --> 00:42:53,770
It's really seeing expansion
continuously going lower.
820
00:42:54,009 --> 00:42:56,440
We've identified where the market,
one of the go because of the swing
821
00:42:56,440 --> 00:42:59,770
lows or whether there's liquidity
pools were on the daily chart.
822
00:42:59,799 --> 00:43:01,630
So we know that the price is
going to reach for that liquidity.
823
00:43:02,170 --> 00:43:05,170
If price is going to reach for that
liquidity and it's on the downside,
824
00:43:05,950 --> 00:43:07,359
we're not focused primarily on that.
825
00:43:08,220 --> 00:43:09,990
The retracements moving higher.
826
00:43:10,230 --> 00:43:13,140
So in other words, weren't focusing
on markets that go into a premium.
827
00:43:14,400 --> 00:43:15,360
So what does that look like?
828
00:43:15,750 --> 00:43:16,170
Well,
829
00:43:35,850 --> 00:43:36,879
Here's some day's trading.
830
00:43:36,910 --> 00:43:38,069
This is last Friday.
831
00:43:38,549 --> 00:43:39,509
Here's Monday street.
832
00:43:39,839 --> 00:43:40,230
Okay.
833
00:43:41,759 --> 00:43:47,730
So we have price priding making a
high here, and it comes and gaps
834
00:43:47,730 --> 00:43:50,220
down through it on Sundays trading.
835
00:43:52,020 --> 00:43:53,910
And we have all this
consolidation in here.
836
00:43:55,080 --> 00:44:02,279
Every time we create a new range or
impulse swing, we have to reference them.
837
00:44:03,015 --> 00:44:06,675
And determine are we in a premium
or are we in a discount market?
838
00:44:07,695 --> 00:44:11,535
Because we have our date dividers divided
in up-to-date and true day format.
839
00:44:12,375 --> 00:44:14,355
What we're looking for
is the market to move.
840
00:44:20,325 --> 00:44:21,075
I didn't want to do that.
841
00:44:21,375 --> 00:44:21,675
There you go.
842
00:44:27,005 --> 00:44:29,135
We showed this the other yes, yesterday.
843
00:44:29,585 --> 00:44:29,825
Mark.
844
00:44:29,825 --> 00:44:30,995
It goes into a premium here.
845
00:44:31,145 --> 00:44:31,715
We can sell them.
846
00:44:32,920 --> 00:44:36,580
Price expands lower every
time it creates a new impulse
847
00:44:36,580 --> 00:44:38,410
leg over the last three days.
848
00:44:38,680 --> 00:44:38,859
Okay.
849
00:44:38,859 --> 00:44:41,140
So now we see this, uh,
this market move here.
850
00:44:41,710 --> 00:44:41,950
Okay.
851
00:44:41,950 --> 00:44:43,690
The market moves from here to here.
852
00:44:43,930 --> 00:44:47,470
We would draw fade from this
high down to that low and just
853
00:44:47,589 --> 00:44:48,850
all we're doing in Fibonacci.
854
00:44:48,850 --> 00:44:49,839
Doesn't do any magic there.
855
00:44:50,049 --> 00:44:53,259
It just draws your attention to,
are we moving above equilibrium?
856
00:44:53,259 --> 00:44:57,879
If it is, we can sell at a
premium price and allow mother
857
00:44:57,879 --> 00:44:59,799
market look for a low two.
858
00:45:05,280 --> 00:45:06,720
Even though there's a gap in here.
859
00:45:07,290 --> 00:45:07,650
Okay.
860
00:45:07,650 --> 00:45:14,520
It may not appear on your chart, but we
have this high now that low here, this
861
00:45:14,580 --> 00:45:18,720
does this market get up to equilibrium
in here on this price line here.
862
00:45:19,650 --> 00:45:20,910
No it doesn't.
863
00:45:23,940 --> 00:45:25,560
We have an impulse price swing.
864
00:45:31,910 --> 00:45:34,010
Does price get above
equilibrium in that price?
865
00:45:34,010 --> 00:45:35,600
Like, no.
866
00:45:36,200 --> 00:45:36,290
Okay.
867
00:45:44,730 --> 00:45:46,170
And this impulse price swing.
868
00:45:46,920 --> 00:45:48,840
Does the price get above equilibrium here?
869
00:45:49,740 --> 00:45:50,250
Yes.
870
00:45:51,690 --> 00:45:54,210
And it does it towards the end of the day.
871
00:45:56,745 --> 00:46:01,035
You're used to seeing trades that only
occur in London open and New York open.
872
00:46:01,605 --> 00:46:03,015
And sometimes London close.
873
00:46:04,154 --> 00:46:09,375
There is a New York clothes set
up that occurs, but it has to
874
00:46:09,375 --> 00:46:12,495
be on a higher timeframe basis.
875
00:46:13,964 --> 00:46:18,915
The reason why the red lines here and why
identified three o'clock in PM is because
876
00:46:19,004 --> 00:46:21,015
that is when the bond market closes.
877
00:46:21,585 --> 00:46:24,404
So that really officially ends
the day for interest rate.
878
00:46:25,560 --> 00:46:26,070
Markets.
879
00:46:26,640 --> 00:46:30,810
So for instance, currencies are
essentially driven by interest rates.
880
00:46:31,350 --> 00:46:34,440
If you're going to speak fundamentally,
that's where the actual, uh, end
881
00:46:34,440 --> 00:46:38,130
of the day really needs to be
reflected on not money clothes.
882
00:46:39,030 --> 00:46:43,020
And that's the reason why today format
is why the algo delivers the price like
883
00:46:43,020 --> 00:46:45,900
it does if you're looking for setups.
884
00:46:46,200 --> 00:46:46,590
Okay.
885
00:46:46,590 --> 00:46:49,290
And this is one of the ways you can
do it is you want to look for impulse
886
00:46:49,290 --> 00:46:52,620
price swings inside of the daily
ranges over the last three days.
887
00:46:54,800 --> 00:46:57,980
If you know what the most recent
price direction is on a daily
888
00:46:57,980 --> 00:47:00,800
timeframe, you know, what side
of the marketplace to work on?
889
00:47:01,490 --> 00:47:04,820
You know, that this low out here
was going to potentially be aimed
890
00:47:04,820 --> 00:47:09,290
for cause there's liquidity below
it and the lower, low, I'm sorry.
891
00:47:09,290 --> 00:47:11,840
The higher, low that we identified
on the daily chart, the beginning
892
00:47:11,840 --> 00:47:16,040
of this video and tweeted the chart
yesterday was that these levels
893
00:47:16,040 --> 00:47:17,330
here would have stocks below it.
894
00:47:19,760 --> 00:47:23,390
Price goes below here, ran up, went
through it one more time, retested
895
00:47:23,390 --> 00:47:25,100
it, and then expanded lower.
896
00:47:25,730 --> 00:47:32,750
So when we see price, giving us
impulse swings, lower, we're waiting.
897
00:47:32,750 --> 00:47:33,500
We're not chasing it.
898
00:47:33,500 --> 00:47:35,660
We're waiting for it to go
back up into the fair value.
899
00:47:36,590 --> 00:47:37,100
Okay.
900
00:47:37,340 --> 00:47:41,120
So when we see each one of these
impulse price swings, here's one,
901
00:47:42,440 --> 00:47:43,790
here's another impulse price swing
902
00:47:47,060 --> 00:47:47,360
here.
903
00:47:48,180 --> 00:47:49,110
Do we do anything down here?
904
00:47:49,110 --> 00:47:50,310
Do we, do we sell it right away?
905
00:47:50,340 --> 00:47:51,690
No, we wait.
906
00:47:52,170 --> 00:47:53,220
Does it get above equilibrium?
907
00:47:53,220 --> 00:47:55,530
Yes, he goes right into premium.
908
00:47:56,670 --> 00:47:57,630
Then you can sell it there.
909
00:47:58,020 --> 00:48:00,210
And it does what runs
down below previous low.
910
00:48:03,200 --> 00:48:04,820
The market gives us more impulsive price.
911
00:48:04,820 --> 00:48:06,410
Swing goes lower.
912
00:48:07,100 --> 00:48:08,150
Does it get above equilibrium?
913
00:48:08,180 --> 00:48:11,570
Yes, it's in a premium
now, so we can sell it.
914
00:48:12,260 --> 00:48:13,100
Then it drops down.
915
00:48:14,750 --> 00:48:15,950
It's not going to give you.
916
00:48:16,995 --> 00:48:21,285
Every single price swing, but it's going
to give you the ones you should be in.
917
00:48:22,155 --> 00:48:22,605
Okay.
918
00:48:22,845 --> 00:48:25,695
So if you're looking at a bullish market,
the only thing you can do is reverse it.
919
00:48:26,085 --> 00:48:30,615
Every time you get a impulsive price swing
that moves higher in the daily's given
920
00:48:30,615 --> 00:48:34,005
you an indication that it's going to reach
for liquidity above the marketplace, where
921
00:48:34,005 --> 00:48:38,145
we're straightening out currently, when
that is in place on a daily, all you're
922
00:48:38,145 --> 00:48:39,884
doing is looking for impulse price swings.
923
00:48:40,005 --> 00:48:43,125
If you're bullish now, When
it moves higher, you just
924
00:48:43,125 --> 00:48:44,415
wait for the impulse price.
925
00:48:44,415 --> 00:48:47,745
When it go up, then you draw
your fib on it and you identify
926
00:48:47,745 --> 00:48:48,884
what your equilibrium is.
927
00:48:49,214 --> 00:48:53,234
And when price drops down into that
inside these inter date ranges.
928
00:48:53,475 --> 00:48:53,895
Okay.
929
00:48:54,375 --> 00:48:55,785
You only need one.
930
00:48:57,015 --> 00:48:59,805
You only need one set up to do that.
931
00:48:59,805 --> 00:49:00,464
6%.
932
00:49:00,495 --> 00:49:05,595
Remember we gave ideas about, um, uh,
let me take, take this all as well.
933
00:49:08,045 --> 00:49:09,605
I have to actually close it.
934
00:49:09,755 --> 00:49:11,765
I got literally two minutes to do this.
935
00:49:12,545 --> 00:49:13,145
Pressing it.
936
00:49:14,075 --> 00:49:14,705
The, uh,
937
00:49:23,225 --> 00:49:25,325
impulse price went here down.
938
00:49:25,805 --> 00:49:26,255
Okay.
939
00:49:26,615 --> 00:49:27,725
What is this right here?
940
00:49:28,265 --> 00:49:29,765
What's this little green thing here.
941
00:49:30,575 --> 00:49:30,665
Okay.
942
00:49:32,255 --> 00:49:32,885
To bear sortable.
943
00:49:34,420 --> 00:49:37,690
To bear shorter block price trades,
right up into that bear shorter block
944
00:49:37,690 --> 00:49:39,220
right there inside of a premium.
945
00:49:40,060 --> 00:49:40,480
Okay.
946
00:49:40,930 --> 00:49:42,460
So if we're going to sell it there
947
00:49:45,930 --> 00:49:48,029
and yes, you're going to see
me do this this week live for
948
00:49:48,029 --> 00:49:48,990
those that just signed up.
949
00:49:48,990 --> 00:49:50,520
I want to see little trades, Michael
950
00:49:55,020 --> 00:49:55,650
You'll see it.
951
00:49:55,650 --> 00:49:56,130
Just relax.
952
00:49:58,490 --> 00:49:58,730
All right.
953
00:49:58,730 --> 00:50:02,180
So if we sold here, price goes
down to this low, over here.
954
00:50:02,270 --> 00:50:03,440
There's 33 pips.
955
00:50:04,100 --> 00:50:08,540
Now frame on the idea that I've talked
about yesterday is that not a viable trade
956
00:50:08,960 --> 00:50:13,520
where we can do what if, if we're looking
at this swing as a sell and we're going
957
00:50:13,520 --> 00:50:20,029
to take profit down here at 30 pips, if
we do a risk of 30 pips one and a half
958
00:50:20,029 --> 00:50:22,640
percent risk, there's your a one-to-one.
959
00:50:27,890 --> 00:50:33,779
There's two to one or 3% return,
four and a half percent return.
960
00:50:34,680 --> 00:50:35,370
And that's where we were at.
961
00:50:35,970 --> 00:50:39,930
So again, only looking for one set up
per week, that's all you would need.
962
00:50:39,930 --> 00:50:40,440
You're done.
963
00:50:41,040 --> 00:50:43,350
And you do it again next week
and you do it again next week
964
00:50:43,350 --> 00:50:44,220
and you do it again next week.
965
00:50:44,220 --> 00:50:46,290
And then all of a sudden at the
end of the month, you're over 6%.
966
00:50:47,370 --> 00:50:49,470
And if you do that every
single month, you w.
967
00:50:50,780 --> 00:50:54,470
So these are, these are the ideas
we're using from the September content
968
00:50:54,560 --> 00:50:57,680
and applying it going forward, and
there's gonna be a lot more to it.
969
00:50:57,680 --> 00:50:59,690
And you actually see me
actually do it in advance.
970
00:50:59,690 --> 00:51:03,110
We'll talk about where it should go and
all that business, but for now I have
971
00:51:03,110 --> 00:51:07,550
to close this session and go back over
to the, uh, the other webinar for those
972
00:51:07,550 --> 00:51:08,990
to have issues with their accounts.
973
00:51:08,990 --> 00:51:14,690
So I'll give you a recap today,
recap video, and tomorrow we're
974
00:51:14,690 --> 00:51:15,710
actually gonna do some live trading.
975
00:51:15,710 --> 00:51:18,830
So I'm gonna wish you
a very good afternoon.
976
00:51:18,890 --> 00:51:18,980
Okay.
977
00:51:19,785 --> 00:51:20,625
Good luck and good trading.
79838
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