Original subtitles

Okay folks.

Welcome back.

This is the first of eight teachings in the.

Most of the ICT mentorship, and this topic is going to be specifically

dealing with the timeframe, selection and defining setups for your model.

Okay.

For timeframe selection.

Uh, there's a couple of things that we break down in general ideas in terms

for the monthly chart, we use this for position trading and for folks that are.

Intraday, um, intolerant.

That means you can't do anything in a lower timeframes.

Uh, the monthly charge backs are going to do a lot of assistance

for your trading and your analysis.

So don't, there'll be discouraged by the fact that I do a lot of

intraday work and short-term trading.

Uh, you'll be shocked to learn as we go through Smith.

The precision and the accuracy that I have as a lot to do with

the direction that's derived by the information on the monthly chart.

But as it is, the monthly charts are the basis.

If you will, for our long-term position trading.

Now I can admit to you, like I've done many times in the past.

I am not a long-term trader.

I don't have the personality to hold on to a position.

Uh, I tend to change my mind a lot and, uh, that doesn't fit well

for a long-term position trader.

So if you're a person that takes a long time to make a decision, uh, it comes hell

or high water, you're sticking with it.

Um, that's probably the avenue that would best suit you as a trader.

Now I can't determine that no one can do that, but you, and that's going to come

by way of you actually doing trades.

Uh, if you.

Scared or if he hit roll, uh, hyper about the, uh, the short-term nature of trading.

Uh, if you trade on these longer term charts or at least trade off of the,

the ideas that come from the monthly charts, uh, it removes a lot of the

price action shock that comes with intraday trading or short-term trading

the weekly chart.

We use that for swinging.

Now someone trains a little bit more frequent than long-term doesn't

trading swing trading is by my definition, it's typically a one or

two trades within a three month period.

So every quarter over the year, in other words, every three to four months, there's

going to be a setup that takes place and you can find them very easily on a weekly.

Uh, because the weekly chart is much like the monthly in regards to how

long it takes to form the setups.

It takes a great deal of patience.

And while I am attributed to having a lot of patients, it's not that great.

In other words, the, well, doesn't go that deep.

I don't have that much of patients.

So the weekly chart again, while I may not be trading specifically

on the setup itself, um, I will.

Use those ideas to help frame the short-term trades that I take, or

even a day trades, but for swing trading again, for those individuals

that can't be in the marketplace on a very intraday minute by minute basis.

Again, this, the weekly chart will actually serve you very well.

And you don't have to do a whole lot of trading.

It's a whole lot of time in between the setups and much like the monthly.

It removes that, that initial shock of short-term volatility.

Now the daily chart, that's where we do our short-term trading.

The daily chart to me personally, I believe this chart is the best

chart there is because it gives you the best of both worlds.

It gives you a long-term perspective.

It gives you all of the near term banking.

So all the levels of the banks would be interested in all the

large funds would be interested in.

You can clearly see those on this daily chart.

The daily chart also gives us the framework to do a lot of

analysis for short-term trading.

So it has the benefits of higher timeframe, but not to the degree of

weekly and monthly, but it does give you a higher timeframe perspective.

If we can arrive at strong analysis reference points in

terms of institutional order flow.

If we can look at points at which there may be stops,

there may be a liquidity void.

There may be a fair value gap, these ideas, and much, like we

said, in the first month of this mentorship, what things you should be

specifically focusing on those ideas.

If you apply that to the daily chart, you'll have a plan.

Of set setups and plenty of things to trade on.

Now you can trade on a daily chart again, if you are the type of trader

that hasn't the opportunity to trade in front of the charts, be in the

intraday price action, or again, if you're not comfortable trading and

there's lower timeframes, the daily chart does a very good job of saying.

Uh, swing traders and short-term traders.

So that to me is the reason why I liked the daily chart, the best.

If there was a, uh, uh, a chart selection, I had someone hold a gun to my head, which

chart would I like to trade off of it, it would be the daily chart because it gives

you a great deal of range to work within.

It gives you the interbank levels to be monitoring where stops will be

residing, um, where longterm objectives would be seen in form of liquidity,

uh, above or below the marketplace.

Again, I counseled you that can't be in the day trading models that

we use to try to at least try your analysis on the daily charts.

You can try to work on those specifically.

Timeframes.

And if you still feel very sensitive or, or scared, or if you have a lot

of inflammation, uh, emotional or, uh, influence over your emotions by

watching price on daily charts seems a little still too fast for you.

Move up to the weekly chart.

Okay.

There's nothing wrong with doing that.

It just takes a lot more time.

And unfortunately, some of you that are listening, you may have a business and you

may have a lot of things going on in life.

Maybe you're a college student.

Okay.

Maybe you can't be in, in, in front of the price action on an intraday basis.

Uh, when we trade these hard timeframes, you're going to see that there's a lot

of movement available, but you gonna have to submit to a lot of times.

And obviously four hours or less is day trading.

And we're not gonna speak too much about day trading in this particular teaching.

Cause there's a lot of things that we got to go in regards to day-trading

and your specific concepts that are inherently related to time of day.

So while we're not going to teach that here, the focus is

tying same timeframe, selection.

In what timeframe are we using these specific timeframes for.

Now defining setups for your model.

Now it's important as a mentor, I don't try to force you into a specific mold.

Uh, it's never been my goal to give you a copy may be just like ICT.

Uh, that's not gonna work.

It's never going to work for anyone.

Uh, but it does give you a goal.

It gives you a framework to work within while striving for, um, replication of

some of the things you probably see me.

Uh, you're going to discover the trader that actually resides in you.

And when that happens and no one knows when that's going to occur, uh you'll know

it by experience being in the marketplace, looking for specific things and studying

and one day, and it sounds like, you know, a fairy tale, but it really is.

You'll have an epiphany where all of these things will suddenly make

sense to you and you'll know what type of trader you want to be.

And what's even better is, is you actually know.

Setups digital, like, um, it's one thing for me to say, I like a four hour

turtle suit sell into a bear shorter block that's seen on a daily chart.

Well, that might be a set up that you can't wait for.

Okay.

It may require you a lot more patients than you have to do that.

Um, That same setup, if it was done on say for instance, a weekly turtle suit.

So into a monthly bear, shorter block, I can't wait for that.

I would never have any trading opportunities because they

don't happen that often.

But if it just happens to be the time when you look at the charts and you

see that formation, and obviously that's your setup, but your pattern

or your bread and butter go-to setup.

Once you understand it, it's applicable on all these timeframes.

What makes the timeframe, selection, process unique and why it's

important for you as the trader to determine how you're going to trade

it is because you're comfortable.

And your psychological makeup as a trader has to align with that.

So in other words, your patience level, your aptitude and your life.

I mean, this is be real about it.

Your, your life has to allow you the ability to be in front of the

charts or at least to do the analysis and then execute on that analysis.

So when we look for setups, we have to find setups that are uniquely

defined for your specific trading.

And a lot of folks will say, you know, I C T you got a lot of tools.

You have a lot of things that, you know, you, you have a ton of things.

Okay.

Do we have to know all these things?

No, that's the, that's the benefit of studying conceptually in modular

things, because you'll quickly ascertain whether or not a specific pattern

or, or concept, um, gels with you.

In other words, does it resonate with you as a trader?

You're going to find that some of the systems and things out

there and the analysis aren't.

Uniquely attractive to you as a trader.

And I, I experienced that as a trader coming up.

It wasn't a lot of things out there that I got excited about, but the few

things that I did in early, early in my days, it was a commitment of traders

report, accumulation, distribution, um, things of, uh, relating to.

Patterns.

I like the patterns.

Cause I wanted to see specific things that repeat because obviously

like anything else, you know, if you can see something coming, you

know, obviously you know what to do, should you see an opportunity coming?

Uh, the problem is as many of the things I was studying, I couldn't

find them real time or before they actually came to fruition.

So as I refined my trading model and specifically dealt with institutional

order flow and price, Then suddenly it was like the veil was lifted and

I had blinders removed from my eyes.

Then I could see setups that made very specific, um, formations and they had

specific criteria that I can really define and make it very objective about

how I trade, which is what I was looking for as a trader into my first started.

But when I first started, I was looking at indicators thinking

that was gonna be the answer.

And you probably, if you're listening, uh, you probably have had that.

Feeling like you want to feel informed.

You want to feel like, you know what you're looking for, but because you

don't, and it's normal for you to not to know what that is when you first start

trading, even for some that, uh, waffle for the first couple of years and they

still can't find the rhythm, uh, they will sometimes look to an indicator to

give them a, a reason to do something.

And because of this, they need to be told something outside of

their own ability to you decide.

Sometimes you'll, you'll see the indicator will lead you to a set up, but then

most of the time it really doesn't.

And it's because most of your trades are linked to a

mathematically derived indicator.

When we look at setups, we're looking at specifically finding

unique characteristics that repeat themselves over and over again in

price action, because there are generic characteristics and traits and price

action that repeat over and over again.

They're not limited to any one of these specific times.

So when we look for specific setups, we're going to find a setup that we

individually, as a trader, like the most, the one that we can see easily.

And you're gonna see that while some of them overlap, some of them

won't overlap, but they still will give you an opportunity to be in the

marketplace in the right direction.

So a trend trader that's one model that a trader can be using all my concepts with.

Uh, you're gonna be trading only in the direction of the

monthly and weekly charts.

So in other words, if the monthly and weekly are indicating that's going to be

a bearish marketplace, you're going to only be trading short and holding on to

these positions for a great deal of time.

If it's bullish on a monthly and a weekly chart, obviously you're

going to look for by saving those.

Are you going to hold it?

For a great deal of time.

That is the nature of a trend trading.

And again, I am not a long-term position trader.

So while I try that early on in my career, it didn't fit me and

it didn't take them off handsy.

So I'm a short-term trader now swing trader, which I've done a lot in my early

days, but because I found that it was more of a lower for me to be in the marketplace

more than just a couple of times a month.

A swing trader they're trading the daily intermediate term price action.

And you're going to see there's a lot of setups that require you

to sit on your hands and wait.

And, but when they form and you position yourself in them, they offer stellar

rewards and a Dade this go on and on and on, and the payouts are amazing.

But again, it requires a great deal of patience.

So I can tell you as your men.

I just don't have a lot of patience for swing trading on a daily chart.

It takes, takes two months time to wait for the setups

and for the trades to pan out.

I want my money to have velocity.

In other words, I want to be able to put my money at work, let it do its

thing, get my return, and then compound that returned rate and my base equity

and put it back to work again into something that gives me more velocity.

So when I say these things, I'm not trying to talk there's individuals

that are comfortable trading on a monthly chart or a weekly.

Yeah.

I'm trying to tell you that me personally, what I found about myself

as a trader, my defined setups are on a lower timeframe than the daily chart.

So it requires a little bit more dynamic study and time in front of the charts.

But that's what my unique model is.

I Excel in that, that approaches trading you again, may not be.

Set up psychologically or emotionally prepared to trade like that.

And there's nothing wrong with that.

So don't think that I'm trying to force you into a specific trading

model or a mode of trading.

You're going to discover that as we go through these 12 months also,

you're going to learn, this is how I started as a contract and trader.

Okay.

Now it doesn't always mean that being contrary.

Way to go about it.

And it doesn't mean that, uh, not being a contrarian is the

right way, always as well.

Uh, there's gonna be times when to be a contrary and trader is optimal.

And what you're basically doing is, is you're trading reversal

patterns, that market dreams.

So when the market's really gone a great distance higher, and it's

been moving higher for a long period of time, uh, eventually it's

going to hit a specific level or a significant level, I should say.

Uh, usually, and typically it's on a higher timeframe, uh,

able create reversal patterns.

Now it doesn't mean that the market's going to reverse and create a top there.

It can, sometimes it will, but you can still trade reversal patterns at extreme

moves or what would be referred to as capitulation where the market just moves.

Extremely know that last bit of burst higher.

If it's been bullish or that quick sudden drop with a great

deal of magnitude going lower.

And it usually makes the low.

Uh, gen generally, sometimes you're going to see that, uh, there will be

times where you want to be contrarian and see that move as a blow off move.

And it's the end of the move.

And you could probably get some really good setups in the form of

a reversal pattern, but it doesn't always have to require capitulation.

It could be on a short-term basis where if you watch the daily chart,

we may go above a previous month time.

And that may be a really good selling scenario to sell short, but not forever,

but it's still an opportunity to.

And then for short-term trading, which again, that's what I excelling

you trading the weekly ranges and you're holding for typically about

one to five days in duration.

And then obviously set ups that are found for the day traders model.

What you're trading intraday swing trading with exits by 2:00 PM, New York time.

And when we look at this, this is the actual, uh, broad brush idea of

everything that I do as a trader.

Everything I've done as a trader, how I excelled from using long-term

higher timeframe charts down to.

What we're seeing here in, uh, number five and number four, uh, in

respective, uh, terms of timeframe, selection, uh, four hour or less.

That's, you know, where I Excel at and my setups are day trading in nature

now, again, because I have a universal application and I have experienced doing

all these types of trading, uh, just because I don't be like the trade on a

monthly or weekly or daily all the time.

What I'm actually telling you is, is.

I can do that, but because of my appetite for more action, and because I want to put

my money at work faster, get it ready to return and then put it back to work again.

So I can turn it in and capitalize on velocity, turning my money over

and over and over again quicker.

Uh, I have adopted the mindset that that's my goal.

That's my pursuit.

So therefore, to do that more efficiently and expediently, it's

going to be in the form of day trading or in short term trades.

Do not.

Let me convince you or try to talk you into that's the best way to go

because it's not, it's not for everyone.

So you can still compound your money.

Exceedingly well trading on a higher timeframe charts.

Believe me, it's not about the setups or the timeframe.

It's about your unique alignment with the setup.

And the timeframe that meets the happy medium for you as a trader,

because all of us have a family.

All of us have real-world tug of wars that take place.

You know, some of us have spouses that require a lot of our time.

Some of us are in high maintenance relationships.

Some of us are in codependent relationships.

Some of you are not in a relationship.

Okay.

Some of you are, you're doing things that are going to be a, uh,

a barrier to you doing a lot of trading or a lot of studying, and

it's going to require you to do a lot.

Research and action in those higher timeframe, monthly and

weekly charts in your daily.

But if I were to counsel you and you were going to listen to me, I would suggest

that you start in the daily chart.

Um, even if you're going to know it in your heart of hearts, that you're

going to be, try to be a day trader, uh, start with the daily chart.

Uh, cause the daily daily chart is going to be a really good bellwether.

Um, it's just the one that will give you everything you need to do.

With a lot of the higher timeframe, uh, reference points.

And it also gives you the directional bias that everybody looks for.

And they're always asking by way of email, you can tell me how to get

in, where, where to buy and how do I know today's going to be up or down?

Well, you find that on the daily chart that tells you everything.

And once you go through this teaching and the next teaching with institutional

order flow, you'll see how easy.

And, uh, the, the daily bias is really, it's not that hard, but

the problem is, is trusting.

It that's, that's the hard part.

I just take a look at a monthly chart.

Okay.

And the monthly chart it's premise or.

Uh, influence in your analysis is it's the long-term price action reference for the

largest price, action swings and trading.

Now trading setups that take a great deal of time like this.

They form in a timeframe that most people can't bring themselves to trade, but

when they unfold, these setups that you see in the monthly chart, they tend to

unfold over a period of many months.

Uh, they don't just happen like little blips on a five

minute or one minute chart.

They just go on and on and on.

Now due to the length of time, this chart requires to present, set up

trading into the direction of most recent setup can yield the lowest risk

with the highest reward conditions.

Now, what I mean by that is when you have the directional bias or trend,

I'll say it with quotation marks.

Uh, if you can see where the market's going to most likely go on a monthly

chart, you have a great deal of advantage by trading in that direction.

Even if you don't catch the actual move that creates the optimal.

For a sell or a buy because it's a monthly chart, the very nature of its timeframe.

It gives us a great deal of time to still capture moves in that same directional

bias or in that trend direction.

Now swings that form on the monthly chart.

Obviously they can be several hundreds of pips and it's going to require

a long period of time to unfold.

Well, let's take a look at a sample size of price action on a monthly chart here.

Now, obviously we just turn our charts on.

We look at, and this is what's recently happened here and all of a sudden,

the very next month we see that, okay, we weren't watching price closely.

This particular market was, uh, unclear to us at the time, but right away now we

know that there's somebody in the market.

Moving price around.

Okay.

Go back to the very first teaching in this mentorship, where I tell

you to look for markets that want to show a strong, willingness to

move away from a particular level.

Now, prior to that down move, we saw price in a small little consolidation.

That's 600 pips or so in a in range.

And then finally the market broke down on a monthly basis.

So each one of these candles represents a month's worth of data.

And eventually the market takes in greater deal of a

magnitude, lower it surges lower.

And again, take a look at how many pips this would be.

And obviously this is the Euro USD, the move from fifty nine fifty.

We'll call it all the way down to 24 50.

Okay.

That's a lot of pips, a lot of pips.

Now, when you see this.

Rather shocking when you view it in terms of how many pips are available

and it takes you three months to cover that much distance or a little bit,

well, four months to cover it really.

So in four months, the Euro dollar trades, a couple of thousand pips.

Okay.

Now again, each one of these ranges are specifically a monthly range.

In other words, the highest port.

For each individual candle is the highest traded to the most

for that particular month.

And the low, the candle is the lowest that traded for that month.

The opening is where the month started trading and it closes the last trading

day of the month where it closed in these individual monthly candles.

There are a plethora upset.

Think about what you had there, you roughly have about 20 trading days

without holidays included, you know, things of that nature and non-prime

payer, which we don't trade, but we'll say roughly it's about 20 trades, 20

trading days per one of these candles.

So every one of these bars represents 20 potential trading days now

inside of those daily candles.

Okay.

If we were to break them down, okay.

There are individual setups.

Now also then I skipped over this inside of these candles of

representation of monthly data.

There are typically about four weekly candles and again, inside

the weekly candle, there's a great deal of opportunities in there.

So I want you to think like that when we look at a seat.

Okay.

If I were to show you a seed, let's say for instancy a apple seed, I

placed an apple seed inside your Palm.

And I asked you what you see, obviously most of you would have very

myopic view and say, well, you know, obviously it's, it's an apple seed.

I know I've seen it before, but I want you to have that view

where you see the apple seed.

Yes.

But you see the potential that apple seed and how many trees that

one seed could produce over time.

And with the, um, the, the creation of all these new trees, the obvious

is that you'll have more apples.

So when we look at these hard timeframes, we look at as that's that seed.

Okay.

That really high probability trade scenario exists in the monthly.

Now, most of you don't want to spend time on a monthly chart.

Most of you could care less about what that monthly chart says or

what's done because there's no magic in the monthly chart because it

takes what a whole month to create.

The problem is that's the wrong perspective.

You need to look at the monthly chart and say, Hey, you know what, um, if

the monthly charts moving around, okay.

And the monthly charts having sensitivity at specific levels, uh, who would

be moving price around on these.

And obviously the answer would be large banks and institutions.

So if we have that mindset, we can go into the monthly chart with a great deal.

More.

Of appreciation saying, okay, well, I know that the market's

going to be driven by deep pockets.

If it's going to push price around on the monthly chart, there's a great

deal of deep pockets, smart money banks, institutions, they're all going

to be in here pushing price around.

So it's in your best interest to understand what that monthly

truck's going to do and what it has already done in this case.

Let's just say we opened the first chart and we saw the Euro dollar

here, and this is what we see.

So right away.

Without having any other forms of reference.

Okay.

We don't need anything like that.

And this is how I'm trying to tell you understanding price action.

It's very pure.

I don't need to know where trend is prior to this sample size and data.

I don't need to know what indicators are indicating.

Bullshit.

Bearishness I don't need to know that either.

I don't need to know what crossing overs of any moving average that took place.

I just think that aware has priced moved away.

And was it that was it with a great deal of magnitude?

Yes, obviously we moved away very strongly from, uh, uh, consolidation

around the, uh, uh, 51 or 52 level up to the 59 50 level.

Okay.

So we had about 700 foot range or so, and when we see this all the way, I

want you to view prices, your eyes goes immediately to that last one.

Because we understand that smart money is going to sell in up moves.

They sold in up candle, capita and range.

And then finally it broke down below that up candles low.

So now the point is, yes, you've missed that boat.

The opportunities missed you.

You couldn't sell short there because we're going to assume that we're now just

looking at the chart for the first time you as a trader can say, okay, I know

that if it gets back up to that candle, And again, this is the monthly chart.

I'm going to have a trade and I'm going to define that trade by way

of that specific up candles low.

So eventually when price does that, we have many months

before it actually does it

over a year.

Transpires.

Now thinking about this now over a year transplant.

Before price returns back to that up candles low, or that bear shorter block.

But as soon as it hits it, then you have a setup.

Now, the question is, is when price hits that, okay.

It takes a long time to get to that particular level.

But as price was trading around that 1 27 30 level, and eventually

it trades through the 1 30, 50 level up through the 100 3200.

Okay.

We have indication that the price is probably going to want to go back up

and there are stops obviously around that 1 46 level with that big up candle

right here is big up Canada, right in here.

It's is gonna be stop stressing about that high again, thinking about that concept

that I gave you what to focus on now in the September content of this mentor.

So we have this candle breaking above this down candle, this bullish candle

here, and all of a sudden, now we have a willingness to zoo to do what

we expect to see price, try to trade back down into this down candle.

And it does it here so we can expect to see bullishness here.

So if we see this, we know that there may be some bullishness on the upside.

Okay.

And price.

May reach up above safety stops.

And if it does that, it may reach back up here to this bear sorter block.

So when it finally gets back up to that, they're a shorter block.

We've had two instances where we can see where price on a monthly chart

broke down, should all be down here.

We can see the bearish candle here that was violated on the upside.

And then the returns back into that.

So we can see bullishness in the form of bullet shorter block.

In that case, we can see that price has a willingness to potentially range

expand up into that return to that bear shorter block right over here.

But when it does hit this, when it finally hits that particular level there, the

question is, is where would price likely trade to next one, the monthly chart.

Again, this is no different than what you've seen me do on

a 15 minute chart, an hourly.

Or are you on a daily chart, but what, where would you reasonably expect to

see price trade from once it trades at this level here, but what's under there.

We got basically equal lows, but look at the buyers of the candles.

Also.

It's too clean way to clean now again, thanks.

This is a monthly chart folks month.

If we are looking at this right now for the first time, and we sit

in front of our charts and say, okay, I see this level being hit.

What could we do with this?

Obviously we can expect to see price trading lower, but why, why lower below

those lows is going to be what cell stops?

Now the question is.

Who in their right mind would have cell stops below that low.

And the answer to your equate question is, is large funds,

large funds long-term trend.

Following funds will have stop loss orders rate below that low.

They will leave stops in for a very, very long time, and they

have lots of money in play.

So when the market trades are that basically that 50, 80.

And it goes lower and expands lower.

It's rushing down to get to those stops that are residing

below the 22, the 1 22 level.

And look at that last candle before it blows out the lows here, all

these lows in here, that last candle, when it hits it, look what it does.

Explodes the run out.

Those particular stops.

Now again, I want to remind you that this is a month.

So if we see this and we can outline where the market may reach up into, which took a

trade, a duration of six months to unfold, but it took over 13 months to set up.

It took 13 months for this, basically the, the trade up to get back to an area where

we would see a setup form on the month.

But then once the formation comes into fruition, for how many months

it takes to unfold, we got 1, 2, 3, 4, 5, 6 candles or six months.

Look how much acceleration there is.

It's half the time, half the time it took for this chart to

unfold and set up the set up.

And then half the time, or basically six months

to get down to these stops in this.

Okay.

In this setup, I'm going to ask you a question.

What type of trader are you when price was hitting that 50, 75

to 50, 80 level or thereabouts?

What type of trader would you be there

when price is most likely going to come down and clear out those stops, you

have several opportunities that you.

You can be a possession trader and be short around that 1 50, 80 level 1 51.

And look for a move all the way down to the one 20 twos.

I think about that that's enormous amount of time and potential range.

Could you take that trait?

Do you have the wherewithal to hold onto it personally?

I, I couldn't hold that long.

But does that mean I can't trade this idea or these

perspectives on, on a Euro dollar?

If I can see 51 big figure 1, 1 51, or we return back to that bear shorter block.

As we're noting here to orange level, when price is trading there,

it spent two, two months giving you an opportunity to get on.

If you see that and the reasonable expectation would be okay, well,

there's some equal loads down there.

It's probably gonna take a long time to do it.

But between the 1 51 level that we'll say, and the 1 22 level, there's our range.

So between those two reference points, we have a known range to work within.

Now, again, this is a monthly chart before all these down candles.

We have the potential range identified.

So we can now break this down and say, okay, I already know where

price may likely go relative to the monthly chart to how can we use this

information going forward and go across all the spectrum of types of trading.

Again, it's over 2,900 pips for that price swing 2,900 plus pips.

So let's take a look at this way on a weekly chart and refine that more

in terms of defining setups for your trading model is that same price swing.

And we're now looking at it on a weekly chart.

Now this is an intermediate term price action reference point.

So everything we see here is on the scale of intermediate.

So obviously, because it's a weekly chart, it still takes a great deal

of time for these things to set up.

But it's a lot more refined when we break it down into a weekly chart,

you can see a lot more detail.

We can see obviously when the market trades back up into previous

institutional reference points like this down candle, right before the

move up this down candle is a breaker.

Is it breaking?

It's breaking the old high here running out stops.

This breaker is lower than this one.

So we're going to have to refer to that one here as an initial run-up

trades up into this range, right there.

There's a selling opportunity.

We already know that the range is potentially going to expand the run out

based on the monthly chart that this was where the liquidity is going to be.

What kind of liquidity?

Large fund liquidity.

So the market expands goes lower and then consolidates again,

the trades lower and comes right back up into what a bear shorter.

So you can expect to see what another opportunity to sell off.

Why?

Because you're trading in the direction of the multi chart, but now you expecting

the weekly chart to expand, and it's going to most likely expand down into this

level where liquidity will be resting.

We could take this one step further and refine it down into a daily chart.

Now, obviously the daily chart is going to be a short-term action basis.

Timeframe where you can see all of the intermediate and you can see

the short-term highs and lows in the marketplace, but more specifically, you

can see how you can actually frame your short-term trades and your day trades.

Now, again, we're not going to talk about day trading for this model here, but

for short term trading, we're going to look at specifics that deal with that.

We know that the range is defined from a known high and a known low,

the highest where that bearish order block was on the month.

The low at which we're aiming for was those lows on the Moffitt

chart where it equal lows.

So we know the stops of arresting below that.

So if we know that we can take our fib and lay it across those two reference

points and by doing so, we end up doing what we start grading that price swing.

So these levels that we have here, these horizontal lines there areas at which the

market should see new setups for them.

Now here's the thing.

We knew the range before he'd actually trades.

So we can anticipate new trading scenarios or ideas to form in our charts

when price trades at this particular level and setups will form in close

proximity to these levels as well.

So every time we see this as the first quarter lower from the high down to the

low, so this is a 25% of that range.

We see a setup.

Okay.

Market trades lower.

We go into equilibrium.

The market does what it trades lower comes right back to equilibrium and expands.

Again, it comes back one more time.

Returns into the range sells off again.

Market sells off, comes back up, fills in a void, sells off again.

One more time and closes, hits the Terminus of the move.

Now think all these things that we've been teaching so far,

they're repeating themselves.

But the thing is, this was all outlined on a month.

But the trading ideas are refined further by breaking down the monthly chart into

a weekly chart, and then a weekly chart, breaking that down into a daily chart.

Now, as a pattern trader or a set-up seeking trader, like you

all are, uh, there's several things that we do in the ICU.

We look for optimal trade entries, which is a simple

return back into a known range.

And that's the only indicator based ideas I like to use.

And it's based on fifth and returning into a known, uh, open range.

The, the other ones are obviously order block.

And then their stop runs, which we classically call the turtle

soup, which is a false breakout, which is what you're seeing here.

Every instance we see on this chart, we have a short-term high here.

Now think inside this shaded area, the monthly chart, we used it to frame

what, the idea that we were going to go long-term lower as we are in

this shaded area, until it ultimately hits the 2175 level or so we're

going to be bearish on the market.

So we'd look for what the marketplace on the daily chart to

seek liquidity above old highs.

Why would they want to do that?

The market's traded lower, the short term high, relatively equal to this one here.

There's going to be buy stocks, resting above that short-term high.

They run above it and then explodes lower.

Okay.

We have a short term hot here, market trades above it.

And then explodes lower.

I want you to notice every single time that the market takes out a short-term

high just by a little bit, and then quickly accelerates it on the downside.

Why is that taking place?

Because they're absorbing liquidity on the buy side, they want to pair

up their orders to sell into those known participants that want to S they

want to buy here with their trailed.

Stop-loss in the form of a buy stock.

This think about if you're short, how do you protect your position?

You put, buy, stop above.

And then typically what'll happen is the market will come back and knock you

out and you'll start cussing, or the market will move away in your favor.

And then you can look for another point at which you want to lower that stop-loss

protecting and locking in profit.

Well, what we do is we look for these opportunities in the form of false

breaks, above and old high, with the idea on a higher timeframe chart that

indicates that price may go lower.

So this is like a holy grail.

Where it's absolutely barn burner.

You get in there and you look for a short term high to be laid on a daily chart.

Look how many times it does it in the scope of all these many days, but look

at the logical areas at which it does it.

It's close to those, those grades that we did on the overall total price swing

that we expect to see it does it here.

We have it here.

We have it here.

We don't see it in here, but who got onto a lot of timeframe, you will see

it in MEC, another one in here as well.

So when we look at price, okay, if you are looking to trade, only stop runs.

Okay.

You first have to know why the stock run would be necessary or why it would be

influential in terms of price action.

And you get that from the higher timeframe like we'd showed with the monthly.

You hold onto that bias until clearly you're in, you're

showing that you're wrong.

In other words, this thing could easily turn around here and

started trading all the way up and started getting violently bullish.

And that would have obviously make you change gears or at

least put Paul's on the notion.

You expect to see the Euro dollar to trade lower, but until it does that,

or it hits the Terminus or whether we ultimately think the price is going

to go, we stay with that mindset.

We stick.

So if you're not a stop run, set up trader, in other words,

you can't see turtle sleeps.

If you don't have the ability to trust that or note at what

you're selling into, okay.

Is a high probability scenario where it's going to see an explosion in the higher

timeframe direction in this case down, uh, there's other things you can trade and

they come in way of breakers and various.

Now, obviously the whole mood starts back here with that monthly bearish

order block that it trades up into.

But looking at it, does, it comes in the formation of a turtle suit or a

false break or run above equal highs, taking out the bus, the bus stops.

And then what happens in market surge as quickly.

Okay.

And then we had that previous turtle soup here, but now look,

say you can't see the turtle suit.

No problem.

There's absolutely no problem.

This down candle, right?

Right before the move up above this short-term high.

That down candle is a breaker.

And you'll learn about that in this mentorship.

But as price is trading in here and trades back up into the breaker, you can

now expect to see price to trade lower.

And it does that.

We have another breaker in here, down candle, right before the up mood.

It takes out a previous high.

So you can't see the turtle soup here.

No problem.

See it in hindsight, the market's already moved down here.

When trades back up into that.

You can go short.

Well, what about if you are an optimal straight entry trader, you pull the

fit from this high down to this low.

You'll get a second.

I'm set and placement.

Why we're here.

Optimal trading should get short.

Okay.

Then you have another breaker here.

You have a down candle right before this move above the short term high.

Okay.

When price trades back up, up to it here, you get short at that breaker.

Sell off.

Boom.

What about this one here?

This is a bearish order block.

Last up candle, right?

For this down move returns to that level.

And there it is.

What you're doing is you're using the higher timeframe and you're using

your defined setup for your model.

If you're a trader that's focusing on being short, you need to identify what

pattern you're going to be looking for.

It could be one or two, but it's important to know one.

You only need one good pattern.

And I only have really technically three, I trade inside of a room.

Okay, where I'm pulling back into, uh, uh, an exposed range.

Okay.

Or if it's bullish and it rallies up, I'm waiting for the pullback to close in that

range, and then I'm gonna buy it again.

Or I'm selling at a bear shorter block, or I'm selling short into a runnable,

a Prius high for, for some stops.

And I'm only taking three setups.

There's only really three setups that I trade I'm trading inside the range.

If there's nothing that I can see as a violation above the old, higher, below,

old, low I'm selling above the previous high, if I'm bearish or I'm selling

at a previous bearish order block, if I don't believe that it's necessary

to go up to those stops and you'll learn when those conditions are there.

Cause I know what you're thinking, that's the thing I need to know ICT.

That's the one.

Cause if I, if it's me trading back to a bear's order block, but it

could potentially be a turtle soup.

How do I know which one you're going to learn that, but I got to

give it to you in pieces of it.

So again, when we look at the market like this and we have our timeframe selection,

and then we have our setups for our particular trading model, and that model

is going to be defined by you over time.

No, one's going to be able to tell you, this is how you do it.

Okay.

I'm giving you suggestions.

And the three setups that I particularly trade, you're going to be able to

gravitate to one of them and it may be order blocks, but for some of you, the

order block is going to be problematic.

It's going to be, I don't know which one.

But you'll clearly see where the stop runs are and you'll be able to trade turtle

suits, but maybe you can't do that either.

Well, you'll trade in liquidity voids.

Okay.

You'll wait for the price to come back down and close in a range and then

you'll wait for expansion to happen.

But the point is these three forms of discipline that I use for sure.

They always exist in all timeframes.

And it doesn't matter if you like order blocks and your best friend and

you're trading, uh, studying with, and you're comparing notes with which you

really shouldn't be doing by the way, as I say that and this mentorship.

But if, uh, if you're, if you're seeing other people talk about their ability to

do certain things, Feel frustrated that they are excelling in an understanding of

order blocks and you are struggling, but you can see the turtle suit run on stops.

That's your pattern don't force it.

Don't try to just because the order blocks or somebody has shown a lot of

trades because they can see the roadblock.

There's no preference over this it's whatever I see at the time when I turn it.

And if there's a void and it comes back into that void,

I know what I'm going to do.

I'm going to look for that run to try to run that previous high that

we, if we rallied up and we created a liquidity void on the upside, and

when it trades back down to that range, I'm going to buy it with the

expectation it's going to make it.

And that's the only setup I'm looking for.

I'm not looking for 5,000 pips.

I'm just looking for that known range and you'll learn all that.

But don't think that I'm forcing anyone to be any one particular

trader, but you will learn these three conditions in the marketplace.

Cause that's the only three I trade with today.

I don't do anything outside of that.

I don't trade.

Well, rural patterns.

I don't trade, uh, you know, uh, all the things that I shared the past,

they were all hallmarks of my, you know, coming up as a trader, but

I don't do all those things today.

I only trade these three things and I don't need anything more.

In fact, I could just reduce it to one, but because I like a lot

of action, um, I, I will look for these three things every single day

across the charts and I'll find.

And I've seen I've, I've shown it to you.

I've proven to you on a daily basis.

When you understand these three characteristics and price action,

nothing evades you, not a reversal, not a trend falling pullback, and not

a expansion out of a consolidation.

Nothing will evade.

You you'll have everything you need to know in a repertoire and a

toolbox to trade any market profile.

So with that, I'm going to wish you good luck and good trading.