Original subtitles

Okay.

Okay, folks.

Welcome back to the system for teaching of eight of the November, 2016 content.

But the ICT mentorship.

Okay.

We're going to talk about some anticipatory skillsets.

And one of the skillsets that I teach is using the monthly chart, but this

teaching is going to be specifically dealing with, um, using institutional

order flow to help you find new setups.

When we look at the monthly.

The first thing I remember is remind yourself that the monthly

charts only going to move with a great deal of money behind.

These price swings and retails.

It's not going to have it.

The idea of seeing the ranges on a monthly chart, that's going to be a

result of enormous amounts of buying or selling interest by the smart money.

Again, retail can't move price.

So if we can see where they're most likely going to place orders to buy or

sell, and we can see it on the monthly chart, we stand to make a great deal.

Of pips and we don't have to treat a whole lot to do it, but I want you to

think about the opens, the highs, the close, and the low of every single

candle on a monthly chart over the last three months, I repaired that you,

uh, that you have on your platform.

This is a good study, not to trade every single pair, but I want you

to go back over every pair that you think is of interest to you.

And have the open high, low, and close delineated on a monthly

chart over the last three months.

So that would look like this we're in November.

Now two years, October, September, August, and having those reference

points on your chart and having those levels, uh, transposed into your lower

timeframes, bring a great deal of clarity.

Now you may have a few overlapping levels like this, uh, chart.

We have a couple of different opens and closes that are real close to proximity.

That's okay.

But I want you to find the most recent down candle.

That would be this one here.

There you go.

And then prior to this down candle, what up candle exists?

So in other words, if this is the down candle, you got to go above it's high.

So it's high is if I can get it to show up.

Okay.

The high is 31 44.

So we had to have an up candle or a closed candle that has at least

a low that's higher than 31 44.

Obviously.

It's right here.

Just that quick, we've delineated a range on the monthly chart now

by itself, you've done a great deal already, but I know you don't believe it.

You have to see it, that you need to have faith in it.

So what we defined is the range in which we're going to trade in.

If I take these two reference points and I drop them down into a week.

Okay, by having it on a weekly chart, we can have a lot more information refined

and that's delineate this month here with the vertical line on a month prior to it.

So now we have a down candle to the right of this vertical red line.

So we're looking at June.

This is June having a down close.

So we go into a daily chart.

I'm sorry.

A weekly chart.

Okay.

We have priced on a long-term consolidation, many weeks going by here

and these two down candles here, price trades through it on this candle here.

So now we have activated two down candles as a bullshitter.

When we have upside the movement here, it violates the two down candles to now we

can see price return back down into it.

It would be a bullish scenario.

And it's also that the monthly candle at one thirty seventy, we'll call it

one thirty, eighty mothers around it.

The 1 30, 80

that's close enough for government work.

Price drops down into that a couple of different times and

you see price has expanded.

Now, the upside is still that monthly bear shorter block.

It's also to beginning of the last three candles that were up.

It's the same as this up candles low, you can see price and you

can probably already visualize it reaching for this and probably going

into next week or the week after.

We'll probably see, see more, consider a continuation on the upside.

We go into a daily chart.

okay.

You can see the vertical lines delineate each month.

SI

price dipping down into that monthly open that we rounded up to 1 30, 80

price response aggressively off of that.

And then we have the beginning of this.

Decline here in October.

And this is the reason why, and it sounds

like hindsight if you're watching this without having the benefit of being a

part of the live sessions and watching the recordings over the last last week.

Um, but we locked at 1 30, 2 80 as a downside objective.

And the reason why that was objective was based on these two down candles.

And the fact that we are looking for higher prices relative to

what's been shown on the monthly.

Okay.

So we see price re-trading back into this down candle multiple times

right here on this one, and then ultimately retreating down into

the higher level, 30 to 80 level.

Right in here, you can see price expanding on the upside.

So we're looking for 1 38 big figure and potentially higher than that.

The takeaway is this.

If you look at your monthly charts,

And you define where you're at presently in the range.

All you have to do is find the most recent down candle and the most recent up candle.

And there's your range.

If you get the market trade above a down candle, you wait for a

return back to that down candle to trade up into the last up candle.

If you have a market trade up into a up candle, you find the last downturn.

Our most recent down canyon, which will be over here.

That will be your range for the downside.

So we have still have upside still to go for dollar cat on a monthly basis.

Let's look at this same example of study on a us Japanese yen pair.

Okay.

We have the most recent, uh, down candle here.

And prior to this down candle, you have to have a candle it's higher

than the candle's high, which is.

1 0, 4 35.

So above here to the left, where's the candle it's here.

Okay.

Here's your range?

So between 1 0 6 28 and one of the 3 26.

So basically 300 pips.

The idea, as soon as this candle trades above the down candles, high this

down candle, it becomes a Boulevard.

So it can be a buyer at 103 26 or less.

We drop into a weekly chart.

Here's price trading below 103 26.

And again, here on the us election, train down into the bullish shorter block.

Here we go into daily chart.

I could see the body of this down candle.

It's larger than this one here.

So this is the beginning of the bull shorter block.

Tear and mean threshold of this town candle would be about right here.

And it's not even challenged at all here, even on the election, uh, knee knee-jerk

reaction, price dips down into it here.

This would be a buy, it starts to rally away.

Then the next candle opens on the election trades down into Prius, bullish or block.

This will be another buy and rallying away.

Okay.

We have old highs back here and we have equal highs back

here on the monthly chart.

This is the objective we would be reaching up to, and we've already seen that happen

with 300 pips plus she's Kiwi dollar

and go to a monthly.

Okay.

So we have the last down candle here and the most recent up candle here.

Okay.

And we've moved away from the last off candle, exercising this as a bear shorter.

We go down to a weekly.

Okay.

You see price trading up into the bear shorter block.

It does trade through the body of this cannabis throughout the sloppy right now.

Uh, the downside objective is 69, 83 69 85.

That binds to these candles here.

Close comes in at 70 0 5.

So that would probably be where I'd be looking at it.

It's about 120 pips or so still potential downside objective

personally, on the side.

And then I think it's going to go down here to 67, 80

and on a daily timeframe.

See price has in fact already moved a good distance.

Now, this is the bear shorter block up in here.

So anything above that price had reached up into, we can refine that into a lower

level timeframe, bare shoulder block.

See it trading it here.

Minimum expectation is to trade down the here.

The next one would be down here.

You're going to reach for that

and then below these lows.

Okay.

So we're using the monthly chart to give us our bullish and bears

order blocks and define our range.

And then we look for lower timeframes to get closer to

the market and refine our risk.

You use the higher timeframe monthly.

Find the most recent up candle and most recent down candle.

There's your range define that range in terms of where the most recent order flow

has sent price, was it violating a down close or down candle, which gives that,

um, permission to become a bullshitter block or has price broken and upcoming?

By violating its low, which then activates that as a bare sort of block.

Um, you just simply look for the contrarian order block on the monthly

chart and you take those levels and you find them down into a weekly, into

a daily and down to an hourly chart.

And you can see there's a plethora of opportunity.

To to study with all these different payers.

And it gives you a context to actually look into the marketplace with a specific

mindset, not just waiting for a neon sign, to jump off at you and saying,

okay, um, what I want to ask you to do today, you'll know what levels of trade

off of relative to the monthly chart.

And it's basically a top down approach that leads you right into trade setups

that you otherwise wouldn't know.

They were there.