All language subtitles for Lesson 05 Reversals EN

Okay folks.

Welcome back to lesson five of
the may, 2017 ICT mentorship, ICT

amplified day trading and scalping.

This lessons, teaching
trading market reversals.

All right, Margaret reversals,
I'm going to cover the eight

reversals that I think that can be
effectively traded with consistency.

And the first one we're gonna talk
about is trading previous days highs.

And what we're doing is, is we're
looking for opportunities where the

market will blow out the previous.

Well, previous day's high
specifically raid the buy stops

and then reverse and trade lower.

There are certain criteria
that I like to look for.

And back on baby pips.

When I first introduced myself to the
four X community at large, they, uh,

were given a exercise by me to buy
and sell previous days highs and lows.

And.

That exercise was to draw your
attention to the fact that there

are instances that will lead you
to seeing opportunities by rating.

The previous days Lowe's sell
stops and reading the previous

day's high for bicycle.

Not every previous days, higher, low
is the same in terms of an opportunity,

but there's a criteria that I look for
when I'm looking at previous days, high

there's by stops above that previous day.

There's banking levels.

There's uh, intraday, uh, algorithms that
go up to those previous days, highs and

downloads previous days, lows to seek
liquidity that would be resting below

or above it respectively, knowing the
conditions that leads to a rate on the buy

stops on the part of the previous day's
high is one of the gems of this teaching.

And conversely, the opposite is seen when
we're looking for previous day's low.

Where the market rates, the cell stops
and then reverses again in this teaching,

I'm going to give you like one of the
little gems in my repertoire, where

I look for previous days, lows and
previous days highs to be rated out.

And then a directional
bias is seen as a reversal.

I get a lot of questions a lot over the
years, you know, how, how can I sell.

Above an old high and not fear
it continuing going higher.

And or how can I buy below
a previous low and not fear?

It keeps trading lower.

Well, number one, again, I've said this
many times in free tutorials and all

throughout this mentorship, I don't know
with 100% assurety what price is going

to do, but I do have a collection of
generic scenarios that tend to repeat

themselves when there's other facts.

Incorporated in those conditions
by itself, you know, we don't

simply just go in here and try to
sell an old high or buy old low.

It has to be other things that
blend well with all the teachings

I've already given you thus far.

Another reverse relative trade
is the intro week high where the

market trades above the highest
Heights made for the week.

So far rates, the buy stops.

And then.

I give you these scenarios.

I want you to think in terms of those
weekly templates, I've provided you

in earlier months, those templates in
conjunction with the conditions that

we're talking about here, they will
unlock as we get closer and closer to

August where you get basically a flow
chart format from top down where we go

right into specific concepts for specific
conditions, but for entire week, hi.

What I like to do is look for scenarios
where the market has already been trading

for instance, higher for a period of time.

And we have yet to meet a premium
array that eventually gets

traded up to say, maybe on a
Tuesday or Wednesday or Thursday.

It hits that on that particular day,
but it also does it on the heels of

running out of previous intro week.

Hi, I really liked that scenario
because traders are going to be

looking to have their buy stops
above that initial intro high.

For instance, it could have made
a, a high on Tuesday and then trade

higher on Wednesday, up into a
higher timeframe, premium array.

Once that hard timeframe
premium or a is traded to.

It's coupled with biceps that we arresting
above, for instance, Tuesdays highs.

So traders that would be looking
to sell short on Tuesday because

maybe many times Tuesday can create
a false decline or a false high.

And then Wednesday we'll
come up here and blow it out.

And then that's the high of the week.

Think about there's weekly templates.

This is one of the scenarios
I like to look for.

And when there's raids on those
bike stops, I'm going to be selling

right into that same liquidity
pool, just like the banks.

K ops is obviously seen in the form of
an intro week low, where we see the, the

lowest low on the week be violated on
the downside and the cell stops be redid.

And the market reverses now, again for
day trading purposes and scalping it's,

these are really high odds, uh, trades
where even if it doesn't continuously

move higher as a reversal, Many times
you get a tradable bounce that is 30,

60, even 80 pips, depending upon what
type of market environment you're looking

at or what you're trading is time.

But the weekly, low that's
formed in the middle of the week.

Now that could be Monday.

It could be Tuesday.

It could be Wednesday would be Thursday.

Whatever that low is.

If it's traded down below it into
a higher timeframe, discount array.

That coupled with the running out of
a previous intraweek low to take their

cell stops out for those individuals
that want to try to capture a long.

They're going to be premature many times.

And the market makers will
engineer liquidity for that

very thing that happened.

So for instance, if there was a
low of the week on Tuesday and it

rallies up, but then Wednesday it
trades down below Tuesdays low, but

then on that Wednesday, it hits.

Higher timeframe, discount array.

It could be a fair value
gap on a daily chart.

It could be an order
block on a weekly chart.

It could be anything on the
hard timeframe PD array matrix.

That is a wonderful opportunity
to look for reversal, weak,

intermediate term highs.

Now, this is going to be
a little bit longer term.

Uh, it may be a high of
the previous week or.

Before it.

So it's going back a little
bit more in terms of time.

And what we would be looking for is
a run above an old high basically.

And there was biostats that would
be resting above that old high.

They would be rated in
the market reverses.

Now this can be a little bit tricky
because the old highs and old buy stops

that will be resting there or just above.

You have to look at the, the context
of the marketplace at the time.

Again, it's not just simply, okay.

We're trading above an old
high, so therefore, you know,

it's going to be resistance.

Let's just sell it there.

No, you have to look
at what is the purpose?

What's the storyline behind why
price would be permitted to trade

above that intermediate term high?

Yes.

They're looking to take those buy stocks,
but there's a storyline behind it.

Is it pairing up those orders
to go in to an exit of long.

Or is it going up there to engineer
liquidity, to put PayPal on the wrong

side of the marketplace and then go lower.

Those ideas had to be at least
considered when you're looking at it.

So not every old high is
wanting to be selling short.

At many times it's going to be
trading through an old high and

can continuously go through it.

So you have to look at the context of
the marketplace at your current time of

the analysis and weigh out whether it's.

Are we in a mood that's going to most
likely continuously go through that high

or are we do to, to reverse because above
that old intermediate term high fulfills

a hard timeframe PDRs, or does it go above
that high after a long prolonged uptrend

where logical profit-taking would be met.

And obviously the reverse would be seen
as an enemy at term low, where last week.

Hello, or a couple of weeks ago, um,
previous month, that type of scenario

where it price trades down below that
old low, and it rates the sell stops.

And then the market reverses, just as we
said, with the intermediate term highs,

we don't simply just buy the sell style.

And anticipated reversal with
every old low, there has to

be a context that's used.

What's the storyline again?

What is the purpose for the
market makers to permit price to

trade down below that old low?

Is it scooping up cell stops to use as
a exit for their short positions they've

been in or are they looking to knock off
those individuals that were already going

long and they went and knock them out and
unseat them and take their long positions.

Okay, New York session reversals.

Now w when we look at New York session,
generally, it's a continuation of

the characteristic of New York.

I like to view first and foremost is
it's a continuation generally of what

was already established in London.

If London was a bullish.

Uh, rallying making the low of the day.

That means I'm going to be first looking
for signs that there's a continuation

on that move, going higher from new
York's open, going into London's close,

but there are instances where that if
London created the level of the day or

what would be initial law of the day,
it rallies up and goes into New York,

but in New York reverses and goes lower.

And then you ended up
having a lower close.

That occurs when the markets trade
into a higher timeframe premium array.

In this case, as I was outlining, or
the reverse has seen, if London starts

trading lower creates the high, the day,
the New York creates the low that day.

Reverses and ends up closing
higher on the day above all the

range that was created in London.

So there's New York session reversals.

They occur when price eventually
trades to a higher timeframe,

discount, or premium array.

And the London clothes, everything I
just mentioned for New York session

reversals applies to London clothes, but
also intraday, obviously on large range.

When we have a five day average
daily range, that's exceeded, for

instance, say we have an average
daily range for the last five days

in the Euro dollar and today's ADR
for last five days is indicating

that it should be a hundred pips.

Well, let's say it rallies 160 pips.

When we get into 10 o'clock and
11 o'clock in the morning, New

York time, you can anticipate a.

London close reversal, port an intraday
scout where price will want to come

back a certain measure of that range.

And we'll talk about that later on,
but London close can be a reversal

of sorts, just like I outlined for
New York, but it also always has the

potential to create an intraday scalp.

But I like to only do it when the
average daily range for the last five

days it's been exceeded at least one.

In a quarter to one and a third percent.

In other words, if it's a hundred
pips ADR, I want to see 125 pips

or 130 pips like that or more.

And then at 10, o'clock
going into 11 o'clock.

If I see some measure of weakness
of it fulfills the numbers.

As we taught last lesson before
this one, you'll learn that there

is a measurable and tradable.

Retracement back into the daily range,
but I don't like to do that type of

trade when the range is smaller than
the last five days out daily range,

or if it wasn't really explosive, the
better trades are when the market has

a real big extrapolation one-sided
and it moves a lot real quick.

Then at London close, you generally
get a lot of profit taking an

intraday basis and you can see some
retracement of that total daily rate.

So when we're focusing for market
reversals, we're looking for number one,

a clear indication that it wants to go the
opposite direction, but let's look at each

one of these a little bit more detailed.

Alright.

Trading previous days, highs and lows.

Now, again, looking at this
example here, this is pretty much

what I was trying to get people.

When I came on the scenes and baby
pips, and I said, look, you know,

let's take a look at, um, the previous
days, highs and lows and see if there's

any reversal characteristics there.

And again, it's to get people thinking
that how the market moves after running

by stops and sell stops, uh, for the
most part, uh, the neophytes that you

haunt, these forums, they're always.

And confusion.

They're always trying to figure
out what they should be doing.

And they're chasing things that don't
lead you to greater understanding.

So generic things like time of day highs
or lows formed in London, the opposite

end of the range and only close forums.

New York is generally a continuation.

Rarely will it become a river?

In New York, but times when it reaches
its higher timeframe PDA that's when

you anticipate that in New York session
becoming a catalyst for reversal.

Well, when we look at previous
days, highs and lows, every single

trading day, you should always
refer to how price traded today.

After the close in relationship
to the previous day's range,

did we work the daily high or
the daily, low of the previous?

Or the date prior to
it or they prior to it.

So what you're doing is you're always
referring to the last three days.

Counting today is one day.

You'll see that there's a lot
of influence over that liquidity

that's resting above or below those
respective days, highs and lows.

Now there's two circumstances that
when we're looking to fade the price

beyond the previous days, rain.

There's characteristics.

There's things that we look for.

And in my opinion, this is the kind of
like the crown jewel of this particular

teaching during expansion swings, there
are smaller retracements that typically

create opportunities where the previous
day's low is rated than price rallies

higher in opposing expansion swings.

There are retracements that create
opportunities where the previous day's

high is rated than price declines.

Obviously it's the.

Concept of turtle soup, which is a
false break above and old high or

false break below an old low, but
it's one step further than that.

Okay.

So when we're looking at previous days,
highs and lows, when is it that I'm really

looking to trade below the previous?

Day's low to be a buyer or above the
PSA's high as a seller, but when I'm

looking to trade the previous day's load
and I mean, dissipating higher prices.

In this example, you can see
price was moving higher as a

part of a larger expansion swing.

And during a normal retracement,
lower into a fair value gap price

finds buyers under the previous.

Day's low using the previous day's low
and anticipating a market reversal.

After the previous day's lowest rated.

One can be a buyer intraday.

So take a look at this candle right here.

This candle open trades down in
closes in the fair value gap, then

rallies up and has a higher close.

Kandla prior to it, it noticed it
trades down below that candle as well.

So you could already be
thinking about being a buyer.

The low that candle is low because
the fair value gap exists below

and throwing a retracement.

You're understanding the institutional
order flow and a hard timeframes

are going to assist you here because
while markets generally retrace those

retracements what you're looking for
is a move down below the previous.

These low and also into a discount array.

Like in this case, it's a
fair value gap, price trades.

Under the previous day's low.

That's where you're going to find buyers.

The market's going to come in with a
great deal, institutional sponsorship

and they'll send price higher intraday.

Now we look for confluences of
PDA racist support, the idea of

buying under a previous day's low,
but we don't simply buy under the

previous day's low on the sole basis.

That price moves below
the previous day's low.

There has to be context behind.

Now trading previous days highs if
I'm bearish on the market and then

institutional order flow is suggested
to go lower in the higher timeframes.

I like to look for reasons to see price,
move up into a short term premium array,

and then having like, can we see in this
example here, price was moving lower

as part of a larger expansion swing
during a normal retracement higher,

after a fair value gap was filled
newness, the gap has already been.

But after that gap has been filled price,
find sellers above a previous day's high.

This candle here trades
above its previous candle.

When price trades above that previous
day's high, the market find sellers.

And you can be a seller that day.

Now, obviously again, using context,
not to simply looking at what cable

we're above, yesterday's high.

So I'm going to be a seller.

It doesn't work like that.

You have to have the understanding of what
institutional order flow is indicating.

In this case, we're looking for
institutional order flow on the weekly,

the daily or four hour suggesting
prices are going to go lower.

If we have that and price trades up into
a premium array and it's during a retrace.

No worries.

It's been moving lower in our, having
a little bit of retrace, more, a bounce

up once it goes to a premium array.

That's what you couple it with.

Then if it trades above the
previous states candle high, you

could be a seller rate above that
high and anticipate an expansion.

The downside trading intro week highs.

Now when it's example, we can see
price was trading above equal highs

on Thursday of this particular.

Now price rated the buy stop
liquidity pool as a premium array.

Now we don't use intraweek highs and
we are basically anticipating a market

reversal after the buy stops are rated.

When you see this happen on your charts,
this is when you can step into the

marketplace and be a seller intraday.

You hear me talk about, we've mentioned
a lot about it in early teachings.

So there's mentorship and throughout
my free tutorials too, when we'd look

for equal highs, we know that there
is like Candyland as we call it.

It's very easy to see that retail is
going to have their buying stuff resting.

Just above that in any rate above at
10 to 20 pips above, it will scoop up.

Those buys stops.

And in many times, banks will
go in and sell right into that.

And that'll give you your
day trade as a short.

Now, obviously like we
said, with everything else.

We're not looking just to sell
right above an old high, or even old

equal highs because sometimes old
equal highs can be just targets for

a longer-term price, move higher.

But when the conditions are suggesting
that we're in a neutral state, and in

other words, we're consolidating or.

Getting ready to turn the tide.

If we go up to a higher premium
array, which would be existing

just above the equal highs.

In this case here, if we see conferences
of PDA raised to support the idea of

selling about the intro week high,
then we can step in as a seller

at London or in New York, but also
think in terms of what price may be

unfolding in terms of overlapping.

These are virtual concepts.

See, we have a.

Tuesday.

Hi, and then Wednesday had a slightly
lower high, but it's basically equalized.

We know there's going to be bias.

That's above that.

So on Thursday price rallies above it.

At that time, it could also be
seen as a New York reversal.

So you're blending a
couple different things.

When you see an overlap of these types
of reversal concepts, it makes it

even stronger trading intro week lows.

Now this, in this example, we
see price was trading below

the equal lows on Tuesday.

Of this particular week and price
rated the cell stock liquidity

pool as a discount array.

Now, if you look I've shown a load
that was from the previous week as the

double vertical lines, that's a Sunday.

Uh, you have equal lows on the
previous Friday and on Monday.

So those two equal loads are traded
down through on Tuesday violated.

Oh, well, so you have an intro week
low that can be blended in with

the previous week's range as well.

Especially if the reversal occurs
on a Monday or Tuesday, as we see in

this case here now using intraweek
low and anticipating a market reversal

after the sell stops are rated, you
can be a buyer on an intraday basis.

Now, again, like we just said with
the intro week highs, we're not just

simply looking to be a buyer below
an old, low, or eat blow equals.

There has to be a context.

The move that drops down, want to Tuesday
below those equal lows that's formed

on Monday and Friday of this example
in the chart, that's trading down into

a higher timeframe discount array.

When you're staring at intraday charts
and you don't have any reference point

on the higher timeframe, you're going
to miss these beautiful scenarios

where you can clearly see where
the manipulation is going to take

place and where they're gonna run.

The cell stops.

Now, obviously, like we say, with
the previous examples, we're not

just simply buying blown away.

We're looking for conferences from
the PD arrays, the support, the idea

of buying below and if your week low,
and we simply don't go in buying below

and low, just simply because the price
moves beyond the entire week, low

trading, intermediate term highs and lows.

All right.

In this chart here, you can see
prices trading in a large consulted.

And the periods when the market is not
trending one direction, they offer ideal

conditions, you know, for shorting above
an old high and buying below an old low

from a previous week or longer in time.

So when we look at reference points in
terms of classifying as intermediate

term, it's beyond just yesterday, and
it can be as short-term as intro week

or previous month or two months ago.

Old loads and old pies like that.

They're goldmines, because think about
who would be having their stop losses

below or above those reference points,
the whales, those large fund traders,

when they have their orders in those
markets, they're going to be placed around

these higher timeframe, highs, and lows.

So if the market trades back to
them, they're gunning those stocks.

Now studying old highs and lows
and incorporating the PDA matrix,

it's going to assist you in
finding higher odds date traits.

Now the setups tend to pres.

More in terms of a dynamic response
and price than that, of just simply

looking for what would be centered,
like an optimal trade entry or

looking for a simple order blog.

Again, none of my concepts are
Hennessy is be all end all.

They don't stand alone.

They have to be blended with other things.

So when you incorporate these setups,
The PDA Ray matrix and hard timeframe,

institutional order flow, you're going
to find dynamic reactions and it's

going to be always a bonus for you as
a day trade because we need movement.

We need to have displacement.

We need to see a rapid movement to
get paid before the end of the day.

So we're always battling time
and we're always battling the

uncertainty of whether or not we're
going to get magnitude of our move.

So.

While most statistics state that day
traders don't make money consistently

over time because they, number one,
they don't look for the conditions

that are ripe for day trading.

This week, we had some instances where
in our live sessions, we were able to

call very precise what the market should
be doing and where it should go next.

There was other instances once my
objective for the week was met.

You saw how.

I was off of my analysis, but
I was not going into the market

place and trading anymore.

So that skillset comes by experience.

You're not going to be able to do this
just simply by taking these concepts

and saying, okay, plug and play.

I'm going to be good.

And it takes it, you know, a level
of experience doing it for a while,

seeing it and developing a feel for it.

And that experience factor can't
be communicated in a teaching.

It has to be.

Well, it has to be earned and
you have to do that through time.

Now when the market lacks directional
trend and, uh, one sidedness, those

conditions, they offer more opportunities
to trade like this than not.

So when traders that identify range-bound
conditions, see that in their area.

Once you do this several times in
practice, once you see it and examples

in the past, when you find yourself
you on a Saturday morning, you wake up

before anybody else gets up in the house
and sit down with a bunch of charts.

Like I used to do this for
years before I had children.

I loved it.

But yeah, not that I don't love my
children, but I love the fact that

I could spend my time doing that and
I would be under it uninterrupted.

Um, I wouldn't have any
distractions and I could literally

pour overcharged and really.

Build scenarios of why price went up here?

Who would they knock them?

Why would they knock
those individuals out?

What was the purpose of going up there?

Um, cause when I first started
trading, I thought that buyers

just stopped running out of buyers.

Okay.

And in the market top and there's
a lot of people still teach

that premise in the marketplace.

That's not what it is.

The absence of the market-makers
selling it to them at a higher price.

They don't offer it any higher
because believe me, if they want to

offer it a higher price, they can,
all they do is offer the price and

they'll put whoever they want in at
that price because a market order is

a market order to get in right now.

And they can couple that with
a ridiculous price level that

would be outside the normal.

Once I understood what
price was actually doing.

And the behind the scenes view, what
takes place for runs on liquidity?

The concept of reversal trading was
much more in my opinion, my cup of tea.

I liked it, which is the reason why
my London open strategy became like my

repertoire for Forex, because essentially
what you're doing is you're looking for

reversal patterns, every single London.

'cause the Judas swing.

When we're looking for bears moose,
it's going to be rallying higher.

What we're doing is trying to
time that intraday reversal.

So these reversal concepts are large
in scale with intermediate based ideas.

That's what I'm describing here,
but it also is my Newt to the

point where we can reduce it to the
London open for Judas, the CME open

for the New York Judas and Asia.

It has its Judas at eight o'clock.

And then w New York time, or is he in
cheap tier DMT, and then you have it also

inland and close on days that create lung
enclosure reversals as we'll talk about.

Okay.

New York session reversals.

Uh, when we look for.

Near session reversals.

Obviously the first thing to remind
yourself is that the weekly templates

that I provided in earlier teachings,
this is going to provide you the basis

for studying current market structure.

And then also learning to anticipate
with the New York session is going to

do in terms of continuation or reversal.

Now, while reversal can occur on
any day of the week, we learned

that certain weekly templates are
more likely to unfold over another.

Knowing the higher timeframe, PDA rays.

And if the data ranges, the market
is presently, respecting scenarios

can be outlined in our analysis.

If there is a higher timeframe discount
rate that is below the market price,

but yet has not been met yet the day it
trades down into it during London's move

and crosses over in the New York open.

This is the classic New York
session reversal condition.

Now, obviously you can reverse these
conditions when you're looking for a.

Market reversal.

And in New York session in simple terms,
when we seed price, trade down into a

discount array on a higher timeframe
chart, and it does it at the time, New

York opens that is when the most likely
chance of a market reversal occurring

in New York session is going to be.

As long as New York has not traded down
into a hard timeframe discounted rate or

up into a higher timeframe premium array.

New York session will always be
slated as a continuation of that

was seen in the London session.

So in simple terms again, unless
the New York session opens up at a

premium array on a higher timeframe
or discount array on a hard timeframe.

New York will always be expected to be a
continuation of what was seen in London.

So if it's a high formed in London and
we're expecting to be bearish New York,

so may continuation that changes if
London trades down lower and then cross

it into New York, but New York trade down
into a higher timeframe discount array

anticipate a market reversal going on.

Reverses said when in London session
treats the low, the day it's been

rallying up, crosses over into New
York, open into a premium array.

Once New York session trades up into
that premium array, expect the market

reversal in New York session trade
higher into that premium, right?

Just to go lower on the day.

You expect that in New York session
reversal, the characteristics are

simple, but what many of you are.

Not getting is that you have to see it.

You have to study it and you look at it.

And if I give you one or two
examples, it's not enough.

You need to go find it in
your charts and see it.

Make notations, draw up some,
um, some notes on your charts and

look at them repeatedly, go over
and over and over and over again.

But by having the higher timeframe,
PD erase outlined on your daily.

Transfers over to your lower timeframes.

You won't be blindsided
by these reversals.

When I talk about the likelihood
of seeing a market reversal profile

in New York session, every time I
mentioned it, I got 30 to 40 different

emails from members in our mentorship.

And it's always a repeating question.

How do I know it's going to reverse?

Because I didn't see it trading
into a hard timeframe PD IRA.

If it's trading up to that
higher time frame PD, right?

It's going to most likely reverse.

There's no mystery here.

It's a simple concept of knowing
what the hard timeframe PDRs are.

If our trading into a level that
would be bearish and it does it

at New York, expect to reversal.

It's simple as that, right?

London close reversals.

Now let me close can be used for intraday
reversals and enlarge range days.

Again, like I said, in the
early portion of this video.

The large range day that exceeds its five
day average daily rains tend to retrace

about 20% of its total daily range at
10 o'clock in the morning to noon New

York time in longer-term conditions.

The London closed can time a market
reversal that can lead to a series

of days of one side of direction.

This is best determined with the
use of the weekly templates and

study of the current markets.

As I indicated in previous
slide about the New York session

reversals, the same thing applies to
London, close time period as well.

So everything that I mentioned in the
previous slide about New York, just

take New York out and put in London
clothes for all of the things I said

without having to repeat at all.

There are times when you anticipate the
New York session causing the reversal.

And then later on London, we'll go back
to that higher timeframe PD array and blow

out the stops on the New York session.

As you see here in this example.

So always be mindful that even if
you're expecting the New York reversal,

London can come back and act like,
like we see many times in London,

London, You accept the high, the form.

It creates a high, it trades down
30, 40 pips aggressively, and

then it comes back one more time.

Not those thoughts out.

And then it sells off.

Well, when we're expecting New York
session reversals that London close

can be that second swipe for those
individuals that are really on

the right side of the marketplace.

And they're buying the reversals in New
York or selling the reversals in New York,

London close can many times go up there
one more time or down there below to knock

out those stops for those two people that.

Anticipating the New
York session reversal.

So if you see that occur step right in
here again, and buy it below the New York,

uh, low, if you're looking for a bullish
New York session reversal, if it comes

down again in London, I'll step right
back in there again and buy it again.

And then many times you'll get really
wicked, low pricing and it quickly moves

away the other way and know everything's
reversed on the, on the sell side.

But as you see in this example, the
reversal occurred on the window.

And at London close, this price
occurred and the reversal occurred

at a higher timeframe discounted rate
and was expected to trade higher.

As a result, London like New
York can reverse the market.

It's not just London open
that creates the reversals.

It can be done on the New York
session and the London close.

So hopefully I've taught you something
with reversals here that will

obviously build on your understanding.

Um, some of you are going to have me
scratching your head saying, well, I need

a little bit more refinement, and I'm
going to tell you that that comes in time.

It comes with many examples and
also it comes with the later months.

That brings us to how to
study these reversals.

Now the best place to go
is you inside your charts.

Okay.

The best practices, the first scour
through your price charts, for examples

of all of them experienced, seeing
them, how they form is crucial.

They will many times be very similar in
a lot of ways, but then there's going to

be some things they're going to differ.

These subtle nuances are only
learned with study on an individual.

In August, we'll be going through a
specific set of templates that will

be used for a top-down approach that
will lead you to a reversal mindset.

These are the eight reversals I look for.

So you'll know what to be looking
for based on that specific criteria.

So I understand some of you like to have
50 different examples, but you don't

need to have 15 different examples.

You just need to know what the concept is.

Go into the charts and
see it times a day study.

What was the market doing?

Pick one pair, go back over the
last three months and outline

where the reversals occurred.

What was the context?

What did they go up for, for buy stocks?

What they go down for, for sell stops
by doing this until you go through your

charts, you're not going to understand
that the best teacher you have is your

charts and the time you spend at the
top of them and your personal notes.

The app peoples in this mentorship that
enjoy study at price action, we'll build

a collection of each reversal concept
discussed here, seeing how every lesson

prior to these concepts fit together,
you'll be aided in your analysis.

Again, as a reminder, we never know for
certain what price we'll do next, but

we can anticipate generic price behavior
that repeats over and over and over again.

So until next lesson, I
wish you good luck and.