Original subtitles

Okay folks.

Welcome back.

This is lesson 7.20 the January, 2017 content using limit entry

techniques for long-term traders.

Okay.

We're looking at buying with a limit order and much like we used for the bystander.

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

APD array above daily market price.

The daily should post a bearish candle.

The daily chart must close the candle with a down close and it

is not valid while the daily chart candle is treating and or forming.

And the buy limit is going to be placed at the bears candles

close as the daily candle.

So we're looking at the daily.

The daily, low, the daily open and the daily clothes we're gonna be

looking to enter a buy limit order at the close of the daily candle.

That's a gallon close.

Wow.

The market is bullish and we're expecting it higher.

Move in the asset class we're trading.

What you're going to be seeing is that the markets are already

going to be undervalued in already primarily bullish market condition.

Preferably this is going to be useful to you when the market's

already shown a willingness to have a market structure break, it's

already started to move higher.

It's already starting to move higher.

So therefore prices are really underway.

Um, there's going to be opportunities.

When we start talking about swing trading, we can utilize the information

in that module to help get better fills on the longterm entries,

closer to the turning points.

But for this module, really we're focusing on how you don't necessarily need the.

Turning points at the top or the bottoms you just need to meet in

between and be a long-term trader still.

And it capitalized on a lot of pips and a lot of points that if you, uh, if you

do these types of trades, it takes a long time for them to come to fruition

and long time for them to set up and.

When we use a buy limit entry at the close.

What we're doing is this the very next day or the next candle?

When it opens up, we're expecting price movement to move below

that down candles close.

What we're actually doing is we're buying at a deeply undervalued price.

It's already going to be oversold without requiring any indicators.

But we're going to be buying at a deep, deep discount when the market is

predisposed to move hired, you're going to see in our examples, how it nails down

extremely, extremely awesome entry points.

I mean, they're so deep in discount and you get quick, immediate feedback, even

on a daily basis that you're on the right side of the marketplace and you start

seeing profitability almost immediately.

Okay.

Selling with limit orders.

Just like we had with the cell stops, the monthly and or weekly should

suggest institutional order flow.

We'll be seeking PDL raise below daily market price to daily

should post a bullish candle.

And the daily chart must close the candle with a up-close.

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

and the sell limit is going to be placed at the bullish candles close.

So this candle again, representing our daily.

Up close.

Is this the daily high, the daily low, the close, any open for that particular day?

And we're gonna be looking to have a sell limit order right

there at the candles close.

And what we're doing is essentially we're selling short in an overvalued

or overbought condition in a market that's predisposed to go lower

based on monthly and or weekly.

PD IRAs that will draw price lower.

So institutional order flow should draw prices lower on the daily,

but we're getting this up movement against what longer-term institutional

order flow is suggesting again on monthly and or weekly chart.

So while prices moving higher for this particular day, what we're doing is

there's going to be looking to sell short at the next day, but it has to

be above this particular candles close.

Now, again, we're not just selling.

When I want to own any up candle, if we have an opinion about being embarrassed,

these conditions are best suited when we align them with a daily rang.

In other words, if there's a bear shoulder block, if there's a gap that it's traded

into, if it's filled in a void, if it's traded above a recent high, okay.

Or it's retrade tacked into an old historical low.

Support broken analysis resistance.

There's like those types of ideas.

We're not just indiscriminately going out and finding up candles and damn candles.

I should've mentioned this as well when we talked about the stop orders,

but you're not just simply going in based on the candle itself by itself.

It's not a be all end all.

And, uh, you know, a system in and of itself, you have to blend the

PD rate on the daily chart as well.

So by blending these things together with the higher timeframe, monthly and

weekly, Pulling price one side or the other bullish or bearish respective on

those higher timeframe charts when we had those conditions also in opposite terms.

So basically what I'm saying is on a monthly and weekly, if you're expecting

lower prices or, um, bare PD raise, that should draw price down to a discount.

What you're expecting to see on a daily is up movement to go to a short term.

Premium when that occurs, then you have really, really low risk, high probability

entry patterns at your disposal.

And this is one of the most amazing ones you're going to see by selling short

on a limit above that candle's closed.

What you're doing is essentially getting that last.

Piece of market movement above getting you that last little surge.

And many times when we look at day trades, you're going to see the desk

many times what you'll see as the Judas swing, it'll open, make the

high in London and then sell off.

And then it'll be the beginning of a long long-term move in

that particular pair or asset.

Okay.

I'm going to go back to that Japanese yen example, and we're going to use this idea.

And you can see, we have, um, the downcast.

And using the clothes as our limit order to be a buyer.

You see how that transpires here, each down candles close the next

day, it trades down below it.

You would be filled only limit going long and look at the responsiveness

of price immediately after that.

There's 1, 2, 3, 4, 5 examples here on this daily timeframe.

And while it probably doesn't look exciting here, probably doesn't feel

like, you know, it's that big of a.

I can assure you when we get into two slides from now, you'll see just

how much of an importance this is.

But again, what we're looking at is the weekly chart here.

You can see how price was moving away from that 100 level.

And there was a bearish order block up around that 1 18 1 19 level.

And that was the weekly premium PD array that would draw price

up to that level long longterm.

And we saw a bullet shorter block down in the discount level at 100.

So you can call the willingness to want to bounce off that level.

And we go back down into a daily chart here you can see in November during

the post election rally of Donald Trump's election in the us, a price

stabbed, one more time down into that weekly bullish, shorter block.

Uh, prior to that November dip, we saw a September.

Rally away from a previous order block that was formed in August, 2016.

Uh, September we saw retrade back down into it and using the

down candle the very next day.

It did trade down below the close giving an amazing fill.

Now, what you're seeing here is these lines that are drawn right up from the

down candle up into that red shaded area.

That's that weekly PD array or bear shorter block.

What that means is this price should be drawn up to that level in the weekly.

And from the load, it was foreign in September buying on a limit below

the daily candles close from that point all the way out to the weekly

PD array or bare shorter block, it's 1800 pips for that particular low.

The next one comes in around November 17th or thereabouts.

And you can see that, that.

Limit order below the daily close would have been filled as well.

And from that point up to the weekly, weekly PD array up at the weekly

bare shoulder block was 980 pips.

And then the next down could close on this daily chart here, again, using

the close of that down candle as a buy limit order entry point, that

next candle puts you in a position where it would have been 785 pips.

The next day I'm candle again, uh, comes in with a 600 pit rally and

another one comes in at 500 pips.

And the last one right before it gets to D weekly PD array,

given a 360 PIP price move.

And again, buying below the candles, close on a limit.

You're buying that real deep suppress.

Um, undervalued market and it's an, a DDD discount and it will

look to seek to move to a premium.

And it's an amazing thing.

When you go through your charts and you look at this and start studying it.

And again, what we're looking at is daily timeframes.

It's not that we're looking at, uh, you hourly charge or 15 minute charts,

and a lot of folks assume just because we're on these hard timeframe charts.

There's not a lot of opportunities.

There isn't as many as you would see in terms of day trades or scalps?

No, I would quickly agree with that, but there are plenty of opportunities

when you're in these long-term trends and you have a real clear indication.

It wants to move higher to a monthly or weekly level.

There's many opportunities you can get in there and get positioned

and not have to get the high.

And you can see here that move from the 980 PIP move as essentially the

equilibrium price bar just below it.

And even above the equilibrium price point, there was many opportunities.

Where you could have got several hundred pips and whether you are

a day trader scalp or whatever, I mean, those types of numbers are just

simply not something to scoff at.

They're very respectable numbers.

So my question to you in closing is, is do you still think you need

intraday trading to make this.

Hopefully after this teaching, you'll quickly come to the

conclusion that you do not need that.

So folks that felt that I'm only teaching day trading and short-term trading things.

This is the type of trading that you can find opportunities with still

maintain risk relatively low, and still find a payable framework for

your trading, the ideas to pan out.

And this is just one.

And one focus on a PD RA on a weekly and monthly basis.

And until next time I wish you good luck and good trading.