Original subtitles

Welcome back folks.

This is less than 7.1.

Stop entry techniques for long-term traders.

Okay.

Buying with stop orders.

Preferably, you're going to be looking for set setups to have the monthly

and or weekly suggesting institutional order flow would be seeking a

array above daily market price.

The daily should post a bearish candle.

The daily chart must close the candle with a down close.

It is not valid while the daily chart candle is trading or forming, and

you're gonna be placing a bicycle.

At the bearish candles opening.

Okay.

Here's the high, the candle, the lower candle.

This is the opening on the candle and here's the close you're gonna be

placing a buy stop for an entry on long positions at that price right here.

This is where you place your buy stop.

The concept is as you're going to be using strength to get

you long in the marketplace.

Now you're not going to be just buying any old down candle.

You're gonna be looking at the PD arrays that would be in a discount market, or

while you're in a long-term uptrend.

Every down candle promotes new buying opportunity for smart money.

So you'll be using this entry technique here to get in sync

with those long-term trends.

Again, you have to have a monthly and or weekly institutional order flow.

Reference point in the form of a PD array.

And it means that has to be a weekly order block.

That's bearish above daily price.

It has to be a fair value gap above daily price in the form of a weekly

or monthly chart, something on a monthly and weekly, preferably both is

leading you to believe that price will be drawn up there on that timeframe.

The daily.

You're going be actually waiting for the move to go

against that intended direction.

That's why we're buying off of a down candle.

We're using the opening price on the down candle.

Now think about this for a second order block theory, this would be a bullshitter.

Uh, down candle is a bullshitter block.

If price trades away from a down candle and we trade back down into

that opening of the down candle.

That's also what if future entry long position.

So see what we're doing here.

We're using this buying of strength idea.

The mechanics behind it is is that should price trade back up

to that opening price and three.

We should be turning the corner and should be training higher, but

if it doesn't trade back above the opening price, you don't get a fill.

You just got to wait for another new down candle and you keep moving forward.

Every time you get a new successive down candle, you keep adding that

new entry at the opening price.

So you, you would be consistently moving for one new trading day,

every time a new candle paints.

And if you don't get.

On a daily, these go to the next daily candle.

Once as long as there's another down candle, you keep doing it.

You may miss moves.

You may not get a fill.

You may get filled and then eventually get stopped out.

Um, we'll talk about stops when we talk about trade management, but for now, we're

just focusing on the entry pattern and entry concept using a daily timeframe.

And now think about this.

We're actually dovetailing really nicely with oral block theory.

So if we're buying at the opening price on a down candle long.

Expecting monthly and or weekly PD raised to be the draw on price.

In other words, something on a higher timeframe charts are

going to bring price higher.

The daily charts going to submit to those higher timeframe,

weekly and monthly ideas.

And they're going to trade up into those levels.

Okay.

But they won't just go straight up.

They'll go up then come back down to that same opening price, many

times giving another opportunity to.

So, what you can do is when price moves away from the opening price

and comes right back down, you are looking for confirmation,

you're going to see new buying.

And that may be another opportunity for you to add new positions, but that's

only in instances where if you've taken profits, No worries at once.

This by entry has been executed and you're long.

If you get several hundred pips in your favor, you can take some of that

position off with the expectation that you may end up seeing in retracement

back to that same opening price.

If it does, you can put that same position that you took off in partial profits,

right back on at that same opening place.

And it gives you an opportunity to get basically the average,

then same cost for that long.

Then you hold it for that remaining portion of your trade and you

can do this every single time.

There's a new down candle that you enter on, on by stop at the opening price.

It's the same concept as going forward every single time until you

reach that monthly and or weekly PD IRA in the form of a premium market.

So once it gets overbought, if you will, when there's a monthly and

weekly charts, then as long as that's not there, we continuously follow.

With the marketplace on a daily chart, every down candle promotes new buying

opportunities for smart money, the higher we get on the monthly and weekly

range and get closer to those premium ranges, the less likely these candles

are going to promote strong buying.

So this be careful about that.

You want to be buying preferably at equilibrium or less than the

range that you would identify on a monthly and weekly charts.

Okay.

Selling what's the stop order.

Okay.

The monthly or weekly should suggest institutional order flow will be seeking

a PDR array below daily market price to daily should post a bullish candle.

The daily chart must close the candle with a up-close and it is not valid.

While the daily chart candle is trading indoor forming the sell stock

is placed at the Busch candles open.

Here's your high here's the high of the candle, the low of the candle.

The close of the candle, the open of the candle, and right here is we're

going to place your cell stock for short entry in the premise behind

this is going to be expecting weakness to take us into the marketplace.

Now, again, think about what we just showed you in terms of the buy stop on

a down candle at the opening price, it's just like a return to a bullish or block.

Could you be by it that opening price?

This same premise here is the entry price technique that we use to go short at a

bearish order block, which is the last up candle, right before the damn price move.

We're going to sell on a stop rate, that opening price.

And if we get profitability in our trade and we looked like we can see

a retracement back to that same order block or seam up candle in this case.

We could get sort again with the partial profit we've taken off.

So for instance, they say we.

Go short on daily chart and we get short on the stop at the opening

price of this, this bullish candle.

We could look for several hundred pips in our favor in terms of

profitability, take a portion of it off.

Thanks some profits.

Then if we do get a retracement back to that same opening price, we can sell

short again with that same portion, we just took partial profits and

re-establish that same initial position back on again at that same average.

Again, the premise is we're expecting the market to be drawn lower from

a monthly and weekly standpoint.

So there's a PD rate is going to be drawing that weekly

and monthly chart lower.

Okay.

So we're trading on the higher timeframe, monthly and weekly,

but we're executing on a daily.

So while the monthly and weekly are poised to go lower, institutionally

speaking, we're waiting for a move.

Opposite that direction by having an up candle or a bullish candle,

we're seeing the market have a short-term retracement or creating

short-term overbought scenario.

When we see the opening price on that up, candle traded too many times.

You're going to see that it never turns back from that that low.

It just keeps on going and that opening price becomes a very good trigger

for short-selling for a sell per.

Okay, let's take a look at this few examples here.

We have a nice move up here.

We have small little down candle and you'd be placing a

buy stop at the opening price.

So by stop at that opening price on that daily candle, and we're going to

say that we didn't get a fail here.

So it would be a missed opportunity.

We have a new downtown.

Please, uh, by stop on the opening price of the down candle, you see

the next candle we opened lower than that down candles open.

So in other words, the very next green candle or bullish candle, it

opened lower than our down candle or bears, candles, opening price.

So our buys stock would have been triggered as that

bullish candle trades up.

So we would be triggered long in that position.

But now we have another down candle, so we could take a look at that opening price.

And should we see price trade back up to that level?

We could be entered long again on a buy stop.

Same thing happens here.

Market trades up through it and gives us a nice little pop.

And here we have that successive 1, 2, 3 candles, lower all being down candles.

Each time.

We have the opportunity to be net long.

The one in the middle, the other three down candles, you may have been tripped

in long on that particular entry point, but your stop loss as you'll learn

will be below the swing low that's most recently been created on a daily

chart and below a specific reference point, which will outline in less

than eight, but you could be a long.

And you can also then use this opening price as well to add to it.

So you have a buy stop on the opening price at this down candle.

You see the price does fill that and you'd meet net long from that price.

And we have another down candle.

We could watch this by stop and triggered in a long entry at this opening.

Price does eventually make it lower candle.

And then that lower candles opening price does get tripped

to candles, to the right of it.

And eventually sees another little move higher.

And we're going to take a look at now using this idea for selling one a stop.

Here's the section of the Japanese yen, looking at an old high from 2007.

You can see how price media.

Piercing of that 1 23 50 level and price rejected, have a break in market

structure and have the sell off.

We're going to break that whole area down in the shaded area.

You see, there's a market structure break here.

That's the initial one, but there's a secondary one, but

we're going to focus on this one.

Primarily, we're going to assume that you could see that this market

on a daily timeframe was getting in sync with the lower objectives.

The monthly and weekly dollar yen, and then PDA rays that we'll be

looking for lower prices would draw a price on a daily chart lower.

And I mapped out every one of the up candles that went back to the premium of

the ranges that price was trading in for the daily chart and every opening price.

Once it's triggered, you would be net short.

So there's 1, 2, 3, 4, 5 examples in here where each one of the up candles,

just a short time after its formation of the up candle, it trips you short

for the Japanese yen, and you can see another example here where the

price trades back up to a mitigation block and the up candle you would

look to sell short at the opening.

And you see that down arrow indicating that was the candle that you'd be using

the very next candle that you would be short and that's that same level, right

there just shown more hard timeframe view of it, several hundred pips again.

And this last one here over a thousand pips available in

terms of downside potential.

And again, this is using the monthly, weekly PD arrays as your

directional bias, and then using the up candles and down candles.

Uh, in relationship to using the stop entry.

In this case, we're using the selling the stop at the opening of a up candle.

And the opportunity is in maintenance.

If you look at these candles here, you can see how they return back to those

same candles you shorted from on to stop.

They become bearish order blocks at a later time, too.

So you can actually put more position in.

And you can build in larger positions.

If you start with a small amount allocated to the initial position,

you can build in another position.

In other words, if you go with a half position or half your traditional

size, you can go and add more back in, but have already profited on

portions that otherwise may not have been viewed as an opportunity.

So until we talk next time, I wish you good luck and Katrina.