All language subtitles for Lesson 01 Sentiment EN

Okay folks.

Welcome back.

This is the first lesson of May,
2017 content from the ICT mentorship.

This month, we're teaching the STT
amplified day trading and scalping.

This teaching is specifically
dealing with the sentiment effect.

Okay.

What are buying or selling probabilities
the highest well for day trades as we're

specifically teaching in this month,
the use of the agent range and the

opening price are key for day trades.

As we're teaching in this month, the
use of the agent range and opening price

are key bear short days, or when you're
looking to sell short, ideally, you're

going to be looking for a move above the
opening price and or the Asian range.

When you're looking to go long on
bullish days, ideally, you're gonna be

looking to go long below the opening
price and or the Asian range low.

Now the market will have a short-term
shift in sentiment and less informed

traders will chase price on the
impulse or the initial swing introduct.

This is classically known from my
teaching as the Judah swing, where

the market goes into a projection or
any state that's opposing the general

direction of the close of that particular.

Focusing on strict conditions like
daily and or for our direction

based on institutional order flow
and combined into PD array matrix

for the next level objectives.

This will provide you the
highest probability setups.

We wait for opposing market
directions for high odds.

Now, when we're looking at order flow,
that's bearish on the example here in

our chart on the left hand side, have
order flow from an institutional basis

on a daily or four hour is suggested
to be embarrassed or going lower.

What we're looking for primarily is
a move above the Asian range high and

away from that opening price smart
money sells above the Asian range.

When the institutional order flow is
bullish on the daily end or four hour

chart, smart money buys below the Asian
range low and below that opening price.

Now you're probably saying to yourself,
well, what is the opening price

it's going to be either Z or GMT
is opening price early in the day.

If it's been a consolidation,
very close to that same area.

In other words, if the range from the
zero GMT hour, hasn't produced much

of a range on the upside or down.

You can still incorporate
that opening price as well.

But in this teaching, we're
focusing primarily on the

midnight candle in New York.

Conversely, when institutional order
flow is bearish on a daily and or a four

hour chart, the market typically will
go above the Asian range high, and that

will many times suck in street money
and they will be buying above that.

When a breakout, when institutional
order flow is bullish on a

daily indoor four hour chart.

The moves that go below the
Asian range, many times trip,

street money into selling short.

It puts them in on the wrong side.

Okay.

By conditions, uh, for a
proper up for long enough.

Now what we're going to be referring
to is if does suggestion based

on the daily or minimum four hour
discount array, it must be in play.

In other words, on a daily chart and
or four hour chart price has recently

respected or traded down into a discount
PDRI and it's shown a willingness

to support price, nor do we have.

We had a reaction of some sort.

So if we see that on a daily and for hour
and institutional order flow is bullish.

We have a very high odds condition
for a buy in a day trade.

There's a sufficient range in pips
between market price and opposing

premium array found on the daily
and or minimum four hour chart.

What am I suggesting here?

Is there enough of a
range for you to profit?

If you want to be a buyer today,
based on the fact that we've traded

down to a daily and our minimum four
hour discount array, if we have done.

The conditions are the stage is set for a
potential buy or up-close day by itself.

It doesn't mean much at all, but if
there's a sufficient range between

the current market price, when you're
looking to take the trade and the

opposing premium array that would be
found on a daily and or four hour chart.

In other words, is it like 50, 60?

That's a, that's a healthy
range for a day trade.

Anything less than 40 pips.

It's a scalp.

It can be done, but I like to
see 50 to 60 pips perfectly from

my own, from own tastes, price,
declines under the opening price.

And again, this is the midnight
candle in New York and the Asian

range low and ideally to the
decline under the Asian range.

We'll be to a logical discount
array on a 15 minute timeframe.

Typically place will not spend much time
at the discount array on the 15 minute

chart, expect price to sharply trade
higher away from the 15 minute discussion.

The longer price stays or hovers
near that 15 minute discount array.

The odds drop off precipitously.

We want to see immediate response
because the banks won't keep that

price level at a discount very long.

If it's going to be good and short
term sentiment will be most bearish at

the time when we enter our long trades

for sentiment purposes, I use
a 10 period Williams percent.

And I plot that on my 15 minute timeframe.

As you can see in our chart here, it
gives us a very clear discernible measure

of sentiment, but we don't look at the
overbought oversold conditions that this

indicator usually is over referred to.

Um, the conditions really are, we're
looking at price primarily, and if

we get a sentiment confluence, as
we see here, this gives us a higher

odds that we probably are going to
be on the right side of the March.

Why did price go up as you
saw throughout this week?

I mentioned that we would probably
see the weekly, low form on Thursdays

New York session price came down,
hit the sell stops on two basis.

They hit the intraday stops on.

New York open eight 30 employment
number, but they did it

before the numbers released.

And I mentioned during the live
session at that day on Thursday, that

that's not good and they're probably
pricing in the low of the week.

And it's also that sell stop discount
PD array old, low on the daily chart,

and it rallies up through to fair value
gaps and it hit the gap resistance

when the second upper most fair value
gap stopping dead in its tracks.

So we had a draw on the daily chart up to
a premium array in the form of two fair

value gaps pricing off of the accumulation
of those cell stops with the weekly

template Thursdays low the week forming.

And we see that subsequent
price move again.

That New York session Thursday,
weekly, low was defined before the.

So we're seeing something in this
teaching that would otherwise be looked

at as hindsight cherry picking, but we
watched it unfold in life conditions,

self conditions, proper
setup for short entries.

Again, it suggests a daily and or
minimum for our premium array is in.

There is a sufficient range in
pips between the market price and

opposing discount array found on the
daily and or minimum four hour chart

price rallies above the opening
price in midnight, New York

candle and the Asian range high.

Ideally the rally above the Asian
range high will be to a logical

premium array on a 15 minute time.

And typically price will not spend
much time at the premium array.

On the 15 minute timeframe.

We expect price to sharply trade lower
away from the 15 minute premium array.

The longer price stays or hovers
near the 15 minute premium array.

The odds fall off precipitously short
term sentiment will be the most bullish

at the time when we enter our short.

And it's example here using a 10 period
Williams percent R for sentiment purposes.

Okay.

We can see at a time when the bear's water
block was traded up into arrays, Asian

rains high, we had market sentiment, most
bullish, and it created the two subsequent

highs of the day in price and moved lower.

This Paragon is the dollar store.

This is in concert with our bears idea.

After that gap was filled on the
dollar index for this week's analysis,

that's why this pair had such a
significant move lower, and why this

pair respected the outlines that we're
giving you here for the teachings and

it's daily chart for the dollar Swiss.

We traded up to a rejection block on
Thursday, Friday, we opened rallied above.

The Asian range high and traded
down to fill in the discount array,

which is in this case, the fair
value gap seen on the daily chart.

And I shouldn't see here before
Friday's close, the gap was filled.

So when we're looking at day trades,
notice that there's a specific

criteria here that I like to know.

Now every day there, isn't going to be a
scenario that provides this as a entry.

It won't give you an opportunity
every single trading day.

And that's the purpose day trading
is not an everyday trading.

Okay.

I don't think there's any reason why every
single sheet, every single trading day

that you should be in here trying to find
something unless you're practicing and

looking for concepts to being reinforced
in just looking at general price action.

I don't think you should be aware that.

Well, that study is profitable.

It doesn't equate to
profitable everyday trading.

Okay.

So when we teach in this month, the
20 pips per day session, again, that's

not an enticement for you to go in
every single day, trying to look for

20 pips, but there are going to be
conditions that I teach that help you

find 20 pips generally in something.

But again, I don't want to.

New build in this idea that you need to
be a trade of holic because it's not a

good, healthy, uh, lifestyle as a trader.

It just it's, it's all in consuming
your time and your energy and it

doesn't bode well for long-term success.

You ended up becoming a, you
know, PIP drunk to basically

what I call that years ago.

And I actually fell victim to that.

So I don't want to give those same.

Poor characteristics as a trader to
you, or even imply that you won't be

subjected to the same thing you would be.

If you go through that same process
of trying to trade every single day,

number one, the more you trade, the more
likely you're going to get a loss, the

faster that next loss is going to come.

And if you're trying to trade every
single day, chances are, you're probably

going to build a false sense of your.

And the worst thing that can happen
is you get a series of good strings

of wins and it makes you think that
you're way better than you really are.

And the market has a tendency
to go into a dry spell.

And what you might think is
in the charts today may not be

there tomorrow or the day after.

So what we're looking for as
outlined in this specific teaching,

using sentiment and a rule-based
idea about the agent range, this

helps us ferret out the better.

We won't get this condition
every single trading day.

But the days that we do those are the
days that this highest probability

for day trading are going to be in
your favor until the next lesson.

I wish you good luck and good trading.