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Welcome back to lesson two of the
short-term trading March, 2017.
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Seq mentorship content.
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This lesson is defining the weekly range.
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Okay, before we get into this, let
me preface it by saying, this is
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one of the lessons that if you just
look through it quickly and not
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paying much attention to it, it's
going to look rather, uh, ambiguous.
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It's going to seem unfruitful,
but its impact is shown.
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Solidified really by you going
through price data and seeing
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these profiles unfold in hindsight,
seeing how they operate, how they
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unfold and the conditions that I'm
giving you, how they are always
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generally precursors to them before.
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So the classic Tuesday, low of the week.
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Okay.
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This is a market profile
that is generally bullish.
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So you're already looking
for bullish prices anyway.
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And what you're looking for is
manipulation in the form of price,
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hovering above a higher timeframe
discount or Ray on Monday, then drops
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into a higher timeframe discount
array on Tuesday to form the local.
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How to anticipate this, you have to
know the higher timeframe discount
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arrays, and when the market fails to
drop into that array, odds are Tuesday.
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We'll likely see the drive lower Tuesday,
London open and or New York session.
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Okay.
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The next one is the classic
Tuesday high of the week.
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This market profile.
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Is generally bearish, you
already expecting lower prices.
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And the manipulation you're expecting
is when price is hovering below a higher
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timeframe premium array Monday then rises
into higher timeframe, premium Ray on
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Tuesday to form the high of the week.
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And you anticipate this forming by
knowing the higher timeframe premium or.
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And when the market fails to rise
into that array, odds are Tuesday.
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We'll likely see the drive higher Tuesdays
London open and or New York session, just
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like the classic Tuesday low the week.
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Well, the classic high of the week,
there can be another run higher
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to make a higher high in the week
for this profile than the highest
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formed in the London session Tuesday.
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So in other words, they can come back
and run the London high out and still me.
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For the classic Tuesday low the
week, it can come back and make a
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lower low in the New York sessions.
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There's one caveat to, it has
to be applied to both of them.
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So have that in your notes.
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Okay.
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The next one is the
Wednesday, low of week.
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This is when you're generally
bullish on the marketplace.
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And the manipulation you're looking
for is when price is hovering above
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a higher timeframe discount array,
Monday and Tuesday then drops into
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the higher timeframe discount array on
Wednesday to form the low of the week.
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You anticipate this by knowing the
higher timeframe discount arrays, and
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when the market fails to drop into
that, that Ray odds are Wednesday.
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We'll likely see the drive lower
Wednesdays, London open and or New York.
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Monday and Tuesday can also be down
days as well to form this profile.
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Wednesday, London session low can be ran
out on the Wednesday New York session, and
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then it can create the low of the week.
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So be, be aware that that
can possibly happen as well.
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The next one is the
Wednesday high of week.
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This profile is generally bearish.
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You already looking for lower.
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And the manipulation you're expecting
is when price is hovering below a
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higher timeframe, premium array,
Monday and Tuesday then rises into
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that higher timeframe, premium array or
Wednesday to form the high of the week.
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You anticipate this by knowing the
higher timeframe premium arrays,
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and when the market fails to rise
into that array, odds are Wednesday.
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We'll likely see the drive higher
Wednesdays, London open and or New York.
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Monday and Tuesday can be updates
as well to form this profile.
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Just like we mentioned before Wednesday,
low week, the London open high on
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Wednesday can be ran out on Wednesdays,
New York session and still create the high
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of the week to have that in your notes.
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Okay.
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The next one we have is
consolidation Thursday.
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This is a generally
bullish market condition.
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So what you're looking for the
manipulation is we're going to
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be looking for consolidation
Monday through Wednesday.
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Then price runs the introd week low and
rejects it, forming a market reversal.
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The key is it's consolidating.
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It's not only going higher or
lower Monday through Wednesday.
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How do you anticipate this?
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As you have to know the
higher timeframe discounts.
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And when the market fails to drop
into that array, odds are Thursday.
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We'll likely see the drive lower
Thursday on a market driver news and
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or rate release late New York session.
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And this is typically around the two
o'clock Eastern standard time or 2:00 PM.
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New York time.
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Okay.
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Consolidation Thursday,
reversal for a bearish market.
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The methylation you're looking for is
consolidation Monday through Wednesday,
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then it runs the entire week high and
rejects it, forming a market reversal.
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You anticipate this by knowing a
hard timeframe, premium arrays.
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And when the market fails to rise
into that, Odds are Thursday.
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We'll likely see a drive higher Thursday
on a market driver news or rate release
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late New York session around 2:00 PM.
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New York time.
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Now just like we saw for the bullish
consolidations or as they reversal.
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This is generally on rate announcements
FLMC or interest rate adjustments.
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Okay.
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Consolidation midweek.
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This is a bullish market profile
already expecting higher prices.
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When you're looking for
this, the manipulation you're
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expecting is the consolidation.
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Monday through Wednesday, then
runs the entire week high and
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then expands higher into Friday.
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How to anticipate when the market
is bullish and has yet to run to
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the premium array on the higher
timeframes, it has recently rallied
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from a discount array and simply paused
without any bears, reversal prices.
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Indicating prices about to expand
higher for the premium array
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consolidation.
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Mid-week decline.
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This is a bearish market profile.
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You're already expecting various prices.
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And the manipulation you're looking
for is when prices consolidating Monday
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through Wednesday, then runs to enter
week low and expands lower into Friday.
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You anticipate this profile.
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When the market is bearish and
has yet to run the discount
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array on the higher timeframes.
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And it has recently declined from
a premium array and simply pause
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without any bullish reversal price
action, indicating prices about to
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expand lower for the discount rate,
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seek and destroy bullish Friday.
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This is a neutral or low
probability mark approach.
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The telltale signs the manipulation
is taking part in this profile
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is where prices consolidating.
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Monday through Thursday, running shallow
stops under and above the entire week.
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Highs and lows then runs the entire week
high and expands higher into Friday.
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How to anticipate it when the market is
awaiting interest rate announcements and.
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Non-farm payroll can create this profile
in the summer months of July and August.
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It's better to avoid trading
these conditions all together,
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seek and destroy bears.
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Friday.
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The profile again is neutral.
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Low probability manipulation is
seen by price consolidating Monday
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through Thursday, running shallow
stops under and above the entry week.
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Highs and lows then runs the intro week.
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Low expands, lower into Friday.
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How to anticipate it when the
market is awaiting interest rate
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announcements or non-farm payroll
can create this profile in the summer
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months of July and August, it's better
again, to avoid these conditions.
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Wednesday, weekly reversal.
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This market profile is.
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Are you expecting higher prices?
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The main reaction you're looking for
is we're in prices consolidating Monday
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through Tuesday and drives lower into
a higher timeframe discount, or way to
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induce cell stops, then strongly reverses.
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How do I anticipate this?
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When the market is trading at a
longterm or intermediate term, low
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price we'll pair institutional buying
with pending sell side liquidity or
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traditionally known as a sell stock.
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Wednesday weekly reversal
profile thereish.
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You aren't expecting lower prices.
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The manipulation you're expecting
is when prices consolidating Monday
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through Tuesday and it drives higher
into a higher timeframe premium array to
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induce by stops, then strongly reverse.
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How to anticipate this when the market
is trading at a longterm or intermediate
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term, high price will pair institutional
selling with pending buy-side liquidity,
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or as otherwise known a buy stop rate.
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Now it may seem rather simplistic
to go through this squiggly line
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and a few comments, but the impact
is going to be really appreciated.
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And your understanding when you
go through price action with
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a one hour chart, go through.
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Any segment of time, go
back as far as you want.
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Okay.
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And I want you to break down
price and define these moves
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in what you're seeing in price.
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And then look at the characteristics
of what is going on prior to
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these market profiles forming.
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And you're gonna see a recurring theme
that generally the characteristics
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that we have outlined here are
precursors to these market model.
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So, hopefully this has been insightful
to you and we won't be guilt giving
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you more insights about this.
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When we start looking at the market maker
templates, and we'll be referring back
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to these as well, we use PDA rays, and
if the data ranges until next lesson,
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we should be looking good trading.
15055
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