All language subtitles for Lesson 8 - Integrating Daytrades With HTF EN

Hey folks.

Welcome back to lesson eight, the
final of April, 2000 seventeens

content for ITT day trading model.

This lesson is gonna be teaching
integrating day trades with

higher timeframe, trade entries.

Okay, folks, we're gonna
be revisiting power three.

And we're gonna be talking
specifically with day trade entries

and hard time for him setups.

Now we can use day trading entries to
position ourselves in our longer term,

higher timeframe trades, and a method that
employs very little time and analysis.

We do not need to use
the London kill zone.

If you're not able to trade it,
some of you aren't able to get

up, aren't able to stay awake.

Can't do it because of
business, family work.

I get it.

Trust me.

I've been there.

We don't need that.

A Lennon kill zone to be a day trader.

You don't need to land the kill zone.

Entering with your high timeframe
setups as a day trader either.

There's a way of using data and
concepts to facilitate an entry on

a longer-term higher timeframe sets.

There are two essential times of the day.

If the refers to reset the
daily candle can point the

ideal entries for all styles.

And when we look at a daily candle,
obviously I've taught this in the past

power, three refers to the open, the rally
or decline, and then close, obviously

for an up-close day or bullish day,
we would see the open near the low of

the day, a small little wick below the
opening price and expansion move or range.

Up then a close that typically closes
just a little bit off the high of the

day for a down close or a bear's day.

We see the open near the high of
the day with a very small little

wick above the opening price.

Then an expansion move lower with the
clothes coming off of the low with

a small little wick making the low
of the day in respect to the clothes

that's power three it's the open rally
up close or open decline down close.

The open is near one extreme of
the daily range and the close is

near at one end of the daily range.

So going the opposite extremes.

Now, obviously it goes without saying
typically, you know, we've mentioned this

many times before in the free stuff, but
there is a vacuum of concern when we look

at price action like this as a retail.

We're not even aware these
phenomenons have any significance.

So when we look at price
on a daily chart, okay.

I just think from them, say for instance,
that you are not able to, uh, have

any difficulty getting up in London.

Okay.

Just imagine for a moment, if you did,
how could you enter as a day trader

or how could you day trade and you
have to avoid the London session.

That was one of the things I had to
come up with to fill in the void, where

there was a short period of time where
I could not do anything in London.

Uh, I had to help take care of the kids.

My wife was just unable to do anything.

She was, uh, nursing and
healing from having a child.

I wanted to trade, but I couldn't do
it because I had to take care of three

kids and one of them being a newborn.

So I had to really figure
out a way to overcome that.

And this was my answer
or my solution to it.

Now, obviously there's some,
this isn't the last and be all

end all, but for me it worked

okay.

The open or opening.

Now there's two session openings that
I'm on a daily, it's the zero GMT.

This is your standard
platform on four X LTD demo.

You see me teaching with it, my
tutorials, you can use that time for

calibration, wherever you are globally.

And then obviously everyone knows about
the midnight New York time that opening

price, as it relates to New York time,
whatever that time is on your platform.

That opening price on an ally chart.

That's what we're looking for.

Well, this teaching.

Okay.

We're going to go a
little bit beyond that.

And there are very refined entry points
that can be had in the London open.

Obviously that goes without saying,
but here's the, here's the rub with it.

You don't need it.

If you understand the daily range
and you understand what it is.

Is going to do or most likely
to do, let's say it that way.

And you understand where you're at in
the PDA matrix, where are we moving from?

Are we moving from a discount up
into a premium, or are we moving from

premium down into a discount, knowing
that gives us directional bias.

It gives us an understanding
of what we should be looking

for being a buyer seller.

And it's not required to
position data and concepts or.

Hard timeframe setups by
using the London open.

You're not limited to that.

There's other ways of doing it.

So I want you to think for a second,
imagine being able to trade the

daily range for a single day or hold
for a much longer duration of trade

harvesting, a larger number of pips.

How could you do that?

Well, we're gonna be looking at if
true date open, and this is reset

the daily candle, um, at zero GMT.

That's our beginning reference
point for IPTA that's treaty

opening, but then there's true day.

As I refer to it.

When I'm trading London
using the midnight candle.

That's my opening price there because I'm
able to be awake and I'm able to trade

London and wanting to be there because
I want to be able to capture that really

small, tiny little move of projection
up on down days or down moose, right

before the up-close I'm want to be able
to capture that little movement or at

least get in there and fade that move.

So that way I can have a very tight
ultra small stop in relationship to what

I may be doing on a higher temperature.

But when we look at the power three,
what we're really doing is this

where we're looking at the opening
price and we're waiting for the

opposite to occur in the daily range.

When we're bullish, we're going
to be buying near the low of

the day or near the opening.

That may not a question is how
much lower from the opening.

Will it go if it's
going to be an up close.

And if it's going to be a down close,
how much higher than you opening, will

it go before it makes a lower close?

I get this question so many times,
and I'm going to tell you this.

It's been staring at you all this time.

It's been in your charts every day
and you don't pay any attention to it.

I have also led everybody away
from this because it's just one

of those things I wasn't willing.

But because you're in a mentorship,
you get to learn it this little

hyphenated little dash that appears
on all the daily candles or not

candles, but open high, low close bar.

If you set that for your platform,
that little opening hashtag tick

to the left of your, uh, daily
candles or bars, that opening is

all you need to know that occurs.

Very very early in the
evening in New York time.

So I'm on the east coast.

I'm basically the same time.

As in New York residing in Maryland.

I have east coast time, wherever that
is in terms of zero GMT using the

forks LTD platform, the demo you need
to calibrate your local time and know

what that time is, where you live.

All you need to know is that opening.

That's it.

What we're going to do with that
information is frame it in such a way

where we can use it knowing when we want
to be buying or selling warrants up close.

We're trying to capture that
big lines portion, move up.

And when it's down close,
we're trying to capture that.

Range going lower for a day trade,
but this is the same concept.

We'll use this in the same vein by
trading with hard timeframe setups.

The key is you have to know where you're
at on the hard timeframe PD matrix.

Obviously, if we're looking for up
close, we need to be seeing the daily

moving away from a discount irreg.

It has to have already
respected a discount array.

So that way, the next trading day,
we should see no movement at all.

If very little below the
opening price at zero JMT.

If we're looking at a bear scenario on
the daily chart, we have to have recently

traded at a premium array and price
has to have shown a respect of that.

In other words, it's
repelled or failed to go.

The next trading day at zero
GMT, we're gonna be using that

opening price to facilitate trade.

So let's assume for a moment.

Watched our daily chart trade
down into a discount PDR, right?

And we're expecting bullish prices.

Now, institutional order
flow has been bullish.

We've come down into a level
that would be expected to be

bullish on a daily timeframe.

We've hit a bullshitter.

And price has shown a willingness
to rally away from that.

Then very next day at zero GMT.

We're going to look at that opening price.

Now I've trained and conditioned to
all of you to look for that opening

price, and then expect that down move.

That's your classic London setup, but
what if you can't be up during that

time, the London protraction, you
may not be able to be able to see it.

You can't be there to watch it.

You can't participate.

If you're.

Well, is that entirely true?

Not necessarily just
because you're not awake.

Doesn't mean you can't
take advantage of it.

What we look for is yes, the opening
price, but we have already arrived at

what, if we were awake at London, we
would expect that move down anyway.

That's what we're looking for.

That Judas swing, that projection state
in the market where price goes lower

to seek liquidity, to make a move.

With an up-close.

All we need to know is, are
we more likely to go higher or

are more likely to go lower?

So if we set our daily bias based on the
daily PDRs, and if the data ranges and the

quarterly shift is so bullish, everything
that's significantly pointing higher.

If we're in a seasonal tendency for
bullish prices, if it's a Monday,

Tuesday, or Wednesday, it's a loaded.

The main thing is we have to see
price having already respected

a daily discount PD, right?

You have to see it and do that.

And then the very next trading day, you're
looking at the zero GMT opening price.

So that means that local time in
America, that's pretty easy regardless

of where you're at in the north American
continent, real, real easy to get that

price where you're at in the world,
where it makes it difficult for.

I can't answer for that.

So you'll have to work in the London
session, but for those individuals that

want to trade Asia, but have the affects
of London open, this is how you do it.

We don't know how much of a projection,
any state there's going to be.

Not always, but we can
have a reasonable expected.

So Y zero JMT.

Well, you already have
central bank dealers range

closing right now at zero JMT.

You know what?

The central bank dealers range is
most likely going to provide you

in terms of standard deviations.

But what if you don't want to
use central bank dealers range?

Why you would think that?

I don't know, but this is say you
don't even want to consider it.

I think it's advantage.

Uh, that knowing it so you can expect
how much of a projection or you phase

and a price will go higher or lower in
this case, going lower below the opening

price for bullish up close during London.

But what we're going to be
doing is focusing primarily

on being a buyer at zero GMT.

Wait a minute.

I'm just going to buy at zero GMT.

Yeah, you're just going
to buy it zero GMT.

You're going to use a five
day average daily rate.

As your stop.

Whoa, Michael, wait a minute.

What's you're saying is this could
potentially be a 90 PIP stop.

What if it's a hundred PIP stop then?

That's what it is.

Remember we're not day trading with
minute risk trying to capture 20 are.

Okay.

And we're not trying to do that here.

This topic and teaching
is how to integrate.

Day trading and concepts to get into
your higher timeframe trade entries.

Since you're looking for a higher
timeframe setups, but 90 to a hundred

PIP stop is relatively insignificant
because you're looking for moves

that are going to be paying several
hundred pips, or you should be

that's what she'd be looking for.

Those types of moves.

So if you want to frame those ideas
and use day trading concepts, you would

be buying at zero GMT using a five
day average daily range as your style.

You would take whatever that average
daily range is subtracted from the

opening price at zero JMT there's your
stop loss and you just let it rip.

You just treat it accordingly based
on your hard timeframes until it

trades to a premium PD right now.

What if you want to use this
concept as a day trade, you

just want to do it as a single.

One day event, you think
it's going to be a big range.

Everything's pointing to a larger
update close, and it's been small

ranges late recently, and we respected
a discount PD array on the daily chart.

It's institutional or
flow has been bullish.

Anyway, it's quarterly effect
is under way and still bullish.

Everything is expected to go higher.

It's a Monday or Tuesday or Wednesday.

What can we do with that
in regards to intraday?

You're going to take the same
thing and reverse it for cells.

We don't know how much of a
projection, any state we will

have without being awake.

So we don't need to know
exactly how much that is.

We can have central bank
dealers drains, hint at.

But again, we don't know how much of that
London protectionary phase in price is

going to move up above that zero GMT.

The key is we have already seen
price move away from a premium

PDA rate on a daily chart.

It has to have to happen the
day before the trade day.

So the previous session, we want to
see price having respected a premium PD

array, and it's not wanting to rally or
obviously hit it and starting to sell off.

So we're needing.

The high end of the range.

It's at a premium, it's already shown a
willingness to respect some measure of a

premium PD at race on bare shoulder block
or it's rejected an old high turtle suit.

The very next trading day.

Well, zero GMT on Forex
LTDs demo platform.

You're going to be looking
to sell short Ray zero GMT

or.

You can sell it zero GMT plus 20 pips.

And again, using the five day
average daily range, I just thought,

what are we accomplishing here?

Well, we can anticipate obviously a
little bit of movement or projection

or any phase in the marketplace
where the Judas swing occurs.

Right before that down close,
adding 20 pips to zero GMT opening.

That would be your sell limit order,
and then adding the average five

day range ADR to your limit entry.

So let's give an example of say it was,
uh, you were getting it at a 1.5000.

And the average daily range is at 50.

You would get in at 1 0 5, 0, 0, and
your stock would be at 1 0 5, 5 0.

Now that's a relatively small
stop, but that would be an example.

So what you're doing is, is you're
protecting yourself and building in

enough of a filter or, or a barrier.

If you will, that the likelihood of
price rallying from the open zero GMT 70.

Before going down with a down close,
highly unlikely, especially if we've

seen a previous day or yesterday.

It trading from a premium
PDA rate from a daily chart.

So long and short is we already
know there's going to be very little

upside above the opening price
because we are in embarrassed.

So if that's the case, we can just look
at the opening price at 20 pips to it.

The, as your limit order, your
stop is the five day average

daily range added to that entry.

And then you use your, a hard timeframe
objectives for your time off your

profit and used to go to sleep.

Just let it go.

Now they're telling me sometimes
you might have a 20, 20 pips.

And it doesn't go up 20
pips and just runs away.

How can you accomplish the same thing
and not be afraid of missing the move?

Well, if you take your
total position, okay.

And you divided in half, what was
your total lot size that you were

going to trade and or percentage
risk that you were going to trade at?

Plus 20 pips above zero GMT is opening.

Take half of that risk and
just simply add it at the zero.

There's your first portion, put it
in there right away at zero GMT.

And then you can do a second portion
at 20 pips above the opening price.

It may not feel you there, but
at least you have something in.

So that way with a five day average
daily range, that's your stop.

There you go.

You're positioned

again.

You could just sell at zero GMT.

And use the last five days, average daily
range as your protective stop, you can

take the cell at zero GMT or add 10 to 20
pips above the opening price for yoursel.

So that way you're going to
anticipate some measure approach,

reactionary phase in price in London.

When price rallies up, it
might rally up 30 points.

It might rally up for.

It might even run like 50, but you
already have several pips above the zero

GMT opening price to get you in as a
limit to sell Dan by having a five day

average daily range above your entry.

You're building in as
much as 60 to 70 pips.

And again, that's highly unlikely.

If you're trading on the heels of
the previous day, having respect of

a daily premium PD array, you can.

Um, by days simply by, at zero
GMT or buy it with 10 to 20 pips

below the opening prices, air GMT,
there's your limit order the buy.

So that way you're going
to catch some Judas swing.

If it occurs, if it goes down a few
pips and fills you and say, it goes

down 30 more, the likelihood of the
five day average daily range being

subtracted from the opening price is zero.

And you're 10 or 20 pits below
that opening price as your entry.

Again, the likelihood is 70 pips, 60,
70 pips going down from the opening

price, just to have it up close.

It doesn't usually happen.

If price is already expected,
a daily discount PD.

Right now you have homework.

I want you to find three examples and
yes, you have to do this, go through

your charts and find in recent weeks.

You'll have three examples of this
concept and price action using

only the opening price at zero GMT.

When you're bullish.

Who are price rallied up or using it
as the opening price and then a limit

order above or below relative to what
you think in terms of the clothes.

If it's going to be bullish or you
expected this, the bullish prices

based on the analysis that you would
see around that time, obviously

you had the benefit of hindsight,
but this is how you learn it.

You look forward in price and you
show you show yourself many examples.

I can give you 20 of them in this,
but it's not as good as if you go

through the price action yourself,
unfortunately, to go through.

The cycle of looking for PDA res
the higher timeframe, looking at

institutional order flow and framing
that on clear cut discount or premium

arrays when prices wanting to go higher.

You'll see it obviously in hindsight, but
I want you to focus on his ear GMT opening

price and how much that goes down relative
to the five day average daily range.

The.

The five day average daily range, if you
don't have my ICT indicator, um, just

about everybody has that, but if you don't
have it, you can use the simple indicator

it's on most of the platforms, the ATR
average true range, do it on a five day.

And that'll give you
your, your, your number.

Okay.

For each day, it's going to
get real close to what the ICT

average daily range indicator is.

The only thing that makes that one good
is it gives you a line when it hits it.

It turns blue.

It gets the impression.

You're a lot more fancier
than you really are.

You don't need it, but it's just a way
of building our stop-loss we'll know what

our stop is based on whatever the average
daily range of last five days doesn't

mean that you won't get stopped out.

Sometimes it doesn't mean
that, uh, the market won't

stop you out and still go with.

That's still can happen, but this was what
my solution was to not being awake during

London, but still looking for the setups
based on what I understood and price.

So I look forward to seeing your
example shared on the forum.

It will be shared hopefully by majority
of you, if not all of you, but three

examples, do it in one post, what pair
it was, where it was, how much of a

movement down or up from your opening
price relative to, um, being a buyer.

And I want you, and these three examples,
I want to see one that worked as a buy

one, worked SSL and in one where it
did not work and I don't care if it

failed as a buy or sell, but find one
of each, share that in your post, on

the forum and the April content thread.

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