All language subtitles for Lesson 07 BBsells EN

This is less than seven out of the may,
2017, 19 mentorship, amplified day trading

and scalping bread and butter celled.

So.

Day-trading opportunities and
scalping at Remy looking at consistent

small price movements for cell
program offset, distribution and

redistribution and sell programs.

IPTA will perform one of two price
engine models, accumulate buy-side

liquidity for repricing above another.

Bye stops will be triggered
inducing counterparty buyers to

pair short entries with price.

We'll seek a lower short term
discount array to offset positions.

We accumulate fair value
in retracements higher.

At premium arrays week short holders will
be squeezed in the retracement higher.

Price we'll seek to expand
lower to a short-term discount

array to offset positions

engineering, buy-side
liquidity offset distribution.

If the will reprice the market
above in OHI to promote buy stops to

market orders, that would be residing
there for current shareholders.

This in essence engineers
buyers at premium.

Do you open float above that old high
may also have buy stops for breakout

systems that wish to buy on strength.

This model is called offset distribution.

It's primary purposes to offset
current short holders and, or induce

more buyers at a premium price.

The model has seen frequently
embarrassed market conditions

and more higher timeframe.

Institutional order flow
is suggesting lower.

Typically offset distribution models
unfold quickly, and you must learn to

anticipate them at key highs, intraday

providing banks, new shorting
opportunities, redistribution.

If they will reprice the market higher to
a fair value price array to provide smart

money premium pricing for short entry.

The market will be bearish from an
institutional perspective, and many times

unfolds after a recent buy stop rate.

The retracement higher in price will
place paint on current short holders and

tends to induce buying thus providing
buy-side liquidity to pair smart money.

Short entries with this model
is called redistribution.

Its primary purpose is to
redistribute new short entries and

or induce more buyers at premium.

The model is seen frequently
embarrassed market conditions.

And while higher timeframe, institutional
order flow is suggesting lower prices.

Typically redistribution models
unfold quickly, and you must learn

to anticipate them at key premium
arrays, intraday offset distribution.

Okay.

Uh, like I mentioned in the
bread and butter by setups, I'm

not going to rehash all this.

This is obviously everything you had
seen in the previous teaching in reverse.

And the same thing for fair value.

So everything we saw for the bread
and butter by setups, just being

reversed for cell setups here, all
the parameters, pips portrayed.

How many hours the whole time is all,
all the statistics here apply the same,

just reversed for what we saw in Dubai
setups and everything that we're looking

for for bread butter, cell setups,
strongly related to kills and setups.

They must occur inside the kill zone.

We're not looking to scalp outside
the highest volume session times of

the day, London open New York open.

Okay.

Down closed days or bear stays.

We're gonna be revisiting the daily
range just for completeness sake.

When the market is poised to
trade lower based on hard time

from institutional order flow.

In essence, we expect the open to be
at or near the high, the daily range.

There can be a small rally
about the opening price.

And again, that opening price could
be zero GMT or the midnight candle.

And London open posts, the initial
leg, lower intraday, and then price.

We'll wait for New York open.

So the initial swing can see a
rally above the opening price.

It doesn't have to, but generally
that first leg and price is low.

And inside that initial price
swing we'll be looking for, or

we look for, let's say that way.

Um, London scalps,

just small little retracement that
takes place between 5:00 AM and 7:00 AM.

New York time.

This is the London lunch it's pre New
York open, then darn New York open.

We see the second leg generally
of the daily range of.

And usually if it's a high formed in
London, we're seeing the continuation

going on in New York until price hits
the five day average daily range.

Until the five day average
daily range low is reached,

then there's a retracement off
of the low that forms between 10

o'clock and noon, New York time.

Okay.

So the London open where we
looking for that scalp, the sell

short in, during the London.

And when her timeframe
institutional order flow is bearish.

We anticipate London session high
that they formation the open Z or

GMT or 12:00 AM in New York can see
a protraction phase higher in price.

This can be scalped from the open
or just below it prior to 1:00 AM.

New York time, the classic London
Judas swing higher can be scalp.

Even these.

The market retrace between 5:00
AM and 7:00 AM New York time.

And this can provide a
short-term scalp entry.

Once it premium rays hit.

Even after the ideal Judas entry point
has passed a five minute retracement

can be entered short on to scalp.

The remainder of the
London, open to 5:00 AM.

New York.

See here, an example of
scalping, the London session.

This is a redistribution price trades
up to a fair value level, right?

Gap pair, shorter block of that nature
price comes down to an old low, and

you can see the offset positions.

They're all inside of the London opening.

Scalping in New York session

when London opened, confirms institutional
sponsorship on the short side and

post the daily high, we expect to
see New York open to continue lower

unless the higher timeframe discount
array has been hit intraday and,

or the average daily range lows.

We look for the intraday swings, lower
to determine premium range of res to

go short at in the New York, kills him
using the 8:20 AM New York time for

CME open to anticipate the New York
Judas swing to fade targets will be

the five day average daily range low.

And the next higher timeframe
discount array found on a

four hour 60 minute basis.

If ADR low is reached prior to
10:00 AM, take 80% off and leave

a small portion on the capture.

Any range, expansion that may feel.

And has an example of scalping short.

The New York session London
has created the high today.

Trades lower consolidation into
a small retracement 8:20 AM CME.

Open the retracement of the
Judas swingers up into a fair

value gap and bears order block.

There's your redistribution and price
trades down into a fair value gap.

The low price at the time
of the industry in New York.

K scalping that London and
close when a New York and London

sessions have moved in tandem.

And if I, the average daily range low has
been reached and it is at least 10:30 AM.

New York time expect the
retracement off the daily low.

Again, it has to be between 10:30
AM and 1:00 PM New York time.

Now ideally price should exceed the five,
the average daily range for this type of.

So you rarely want to see an expansion
on the daily range and we'd look for

a five minute failure swing at the low
and a bullish quarter block to Andrew

on risking 10 pips below the daily, low
and targeting 20 to 30% of the total

daily range in a retracement higher.

Keep in mind, this trade can be very
difficult to see pan out some days

as the range can and could expand far
more than the average daily range.

Ideally take one for one, we were
with the risk targets based on a

required stop at no more than 20 pips.

And here's an example of that.

London closed the trade price makes a
high in the London close time period.

It makes a failure swing to get up
to the high of the day and fails.

It's a redistrict.

During the London close time period
price trades down returns into

20% of the daily range for London.

Close objective

scalping, the Asian open.

When the market is bearish,
we can enter short at or just

above dizzier, GMT opening.

And expect an expansion of 15 to 20 pips
lower as the Asian range is established.

Asian sessions can be
traditionally very narrow.

And while this trade has proven
profitable in the past Lakeland and close

trades, we are looking at the lowest
volatile periods of the daily range.

Formation always aim for 15
to 20 pips in this session.

As the range can be limited on the basis,
it will be the Asian range formation.

Take four exits on scalps in this time
of day, it's not optimal to expect a

second leg in price, avoid greed here.

And if you are fortunate to get
20 pips, be content and exit,

and here's an example of the
Asian session opening and selling

short at the opening of 8:00 PM.

New York time.

All right.

So about five, the average daily range,
the average daily range for ADR does not

have to fill for the day just because
we have the indicator on our chart,

just because we make it available to
see an overlay on price, action prices,

not going to always trade to that.

And many times it'll fall just
short of it or wildly exceeded.

So it's a general rule of thumb again,
it's the average, not the absolute range.

Okay.

It's the average daily range.

So it can be a little less, it could
be a little more, but it gives us a

range to reach for where we can blend
PD arrays on the lower timeframe and

up to a six minute or four hour chart.

By blending.

These things also blending it with
the such bike dealers range, with

the pivots, with the Asian range,
projections and standard deviations.

By having all these things overlapping
and using the average daily range,

highs and lows, it will help formulate
a probable objective for the.

And until that objective is met with
the overlap or confluence of all

the filling of the numbers levels
that we look for in between those

ranges, we can see scalps form.

Ideally, you're going
to get one in London.

You're gonna get one in New York and
you got to get one in London closed.

Maybe not always, but maybe it'll get
one in Asia, not every single pair.

Most likely you're gonna
see something for them.

Like I said, on a daily basis.

One of the majors.

If you followed them all now, average
daily range or ADR can be expected to

act as one half of the actual average
daily range in some conditions.

What am I, what do I mean by that?

Well, if we have an average daily range
of say 50, and the ADR is calling for 50

pips for the day, if we are in a condition
when long-term trends are underway and

an intermediate term swing has been.

A large impulse swing conserves,
the daily range twice.

The average daily range, especially
when the ADR is under 60 pips, 60 pips

is like a number I like, and it's just
over the years, I've seen that as a.

For a buffer, if you will, if
we see 60 pips or less, and the

conditions are likely that we'll see
a strong, directional move higher

or lower, doesn't make a difference.

Um, we're obviously really looking
to trade in the direction in the most

likely, uh, institutional order flow,
it's bullish or bearish, but if we are

expecting large ranges and the average
daily range is calling for 50 chances

are we could probably see the ADR.

And when an intermediate term
priceless is completing at a higher

time or higher timeframe array.

And on the strength of high-impact
news, this is usually capitulation.

That means the movie's
been going on for a while.

It's finally reaching an objective
on a daily or weekly levels.

And once it hits that it's going to
reach for it to get to it in one day

and many times you'll see it go well
beyond what your average daily rate.

ADR Nutfield at New York open, but
during London clothes are ideal.

The reason why I state this is because it
gives us potential range, expansion that

has yet to come to fruition on the day.

And again, that's, I preface it by saying
that you can't expect ADR to always

fill, just because we see it's looking
for a potential 80 PIP or a hundred.

Range for the day.

Doesn't mean it's going to
make that number of pips.

So in my opinion, if we look for,
uh, our indicator to tell us, EDRs

say for instance, it's 75 for the
five day average daily range of ADR.

What I like to do is back off
that about 15 pips, because even

if I'm exiting early, I may see
the average daily range for.

But then sometimes it will not get to
it, but if I get out 15 pips before the

average daily range, higher, low, I have
a great deal of probability to be prophet.

And not have to demand myself to be right.

It's not about being right.

It's about being profitable.

So there's a couple of
ways you can handle that.

You can take your full position
off 15 pips before the average

daily range, higher, low respective
to the daily range direction.

Obviously you're going to be looking
to take profits average daily range

high during bullish days and average
daily range, low embarrassed.

But whatever that average daily
range is, I want to be taking

the bulk of my position off.

We're scaling the bulk of it off about
15 pips before that number, because

everyone's is only slightly skewed.

No one has the right number.

No one has the absolute.

Okay.

So there's going to be some variance
amongst all data providers and brokers.

So if there's that variety of monks,
what daily highs and lows are going to

be in today and on the daily ranges, the.

Understanding, it says, you know,
we have to build in a model that

helps facilitate efficient exits.

And again, this is one of those
things I've talked about, you

know, in the live session of this
particular day of this recording.

Um, I was discussing how my efforts in
my training has been more aligned to.

Getting out with more efficient
and exits, not so much the

entries, I don't mind the entries.

The answers are okay.

The problem I'm having as a old
dinosaur trader is that I want

my X's to be more efficient and I
want them to be, um, more accurate.

And I have built in the model of 15 pips
before the ADR, as my exit so many times.

And if you've watched some of my
trades, you'll see why now with this

explanation, why I'm always exiting
just a little bit earlier, and it's

always a uniform 15 pips before ADR.

Now if ADR fills at or before New York
open, the average daily range will

likely be exceeded, especially if high
impact news is due out after equity open.

That means after stock market
opens at nine 30, if the ADR has

been filled rate at the opening
of New York or during the London.

Chances are, if there's gonna be high
impact news later on the afternoon

or at 10 o'clock or 11 o'clock
chances are, we're probably gonna

see average daily range be exceeded.

It doesn't mean double.

It just means exceeded.

So when we look at these tools
again, they're just that.

They're not a secret weapon.

They're not a few silver bullet.

You're not going to be perfect.

Trader a trader X.

You know, you, Mr.

Uh, I'm going to be able to
accomplish everything now because

I have this indicator on my chart.

You'll see that it again, just compliments
everything else in our toolbox.

Is it essential that we see
average daily range on our chart?

No, and that's why I spend a lot
of time during his mentorship.

Not even including it, but
because we have a lot more tools

and a lot more perspective.

Now we went from higher timeframe all
the way down to these smaller micro

moves inside the, uh, the daily range.

We can now start fleshing out ideas
on how these little movements in today

line up with the larger moves and by
using tools to help us determine the

probable expansion or the magnitude of
how big that daily range is going to be.

It helps us frame ideas on where
the market may go for objectives.

So we're going to be
blending time and price.

All right.

So in a nutshell, the scalping model
that I use, essentially, the setups are

micro setups on the five minute charts
that we outline on hard timeframe charts.

So everything we've seen happen.

Explanation across the board on all
the setups in the previous months of

this mentorship, they're all, they're
all applicable to the lower timeframe,

but the elements of time of day are
essential to framing the introduce

price swings on every daily range.

Now the higher timeframe
PD rays will draw a price.

They're the catalyst
that makes price move.

So you have to understand
where they are relative to.

And the intra-day lower timeframe
PD arrays will provide the timing

and or price levels to enter on.

Ideally we use scalps to fill
in slow periods or enter trades

that may have already started.

And the lowest risk entry has long passed.

If you spend your time studying whether
the higher timeframe is moving higher

or lower in weight for small range.

The market will reward your patients
and supply you with daily ranges that

expand informed, clear intraday swings.

Perfect.

For scalping, not all of us are going
to lean towards scalping or intraday,

scalping or new short-term price
movements in a daily range because

the daily range is very little.

The range can be small.

In recent months, we've seen daily
ranges that are very minute in terms

of how high the high is and how
low the low is inside that range.

There's even smaller,
tighter consolidations that

we've had to contend with.

So just because we're in small or
ranges, does any equate to, well,

I'm just going to scalp the market.

There has to be some
measure of volatility.

And what we'd like to see is when the
market starts to contract, we know there's

going to be a large range day soon.

And when we see there's there's
conditions, embodied and prices.

When we're expecting expansion,
when we're expecting that same

time, the market to be bullish.

And we're expecting the market to
react on specific news events during

the specific trading days that we're
looking to trade Monday, Tuesday, and

Wednesday being highest probability.

And the key select times of
the day, the kills zones,

London open and New York open.

Not so much the money clothes and
not so much the Asian session.

If you want to be in here as a
heartburn and you can trade in those,

but you're not going to get a lot
of volatility or bang for your buck.

You can scalp very small short-term
positions in London and in New York.

Now I get questions a lot.

How can you take a small account
and trade it up and build it up?

And my advice has always been, if
you can do it, if you can scalp.

That's one way to do it because you'll
be able to get velocity with your money.

Now it does not mean go into your and
trade 7% of your account on these trades.

It just means that if you put
1% up, you can get 1% made

for that session in London.

If you are trading one pair and you
really dialed in and you get another

trade one for one in New York, and
it's 1% you make another percent.

So you can get 2% in that one day.

So while it's not a
terrible amount of money.

Okay.

And you're not retiring on it.

If you could find that same element of
trading with your one shot, one kill,

and maybe short-term trading one or
two day day trades or swing trading or

blend in mega trades as well, teach in
July poor long-term position trades.

Those will help compliment one another.

And if you have margin that's being
used for one shot, one kill, you

may not have a whole lot free, so
you can do intraday, scalps, risking

one half percent or 1%, and then you
can do other things like hedging.

In other words, if you have a long
Euro dollar position at one, and

you're expecting some measure of
normal retracement, you can go in and.

Scalp.

Okay.

Not the Euro, if you're in the states,
obviously, cause you can't do that.

Uh, but you can scalp the opposite
direction in for instance, like

the cable or you can trade the
retracement lower in the Euro dollar.

You can look for trades like in the
Euro yen that would see weakness.

So you could scout that you're
a yen pair and get a little bit

of a, of a percentage return.

As that larger position at once, I
want to kill me experienced some normal

drawdown that wouldn't shake you out
otherwise, but you can capitalize on that

retracement by trading another pair that
is closely correlated to the Euro dollar

and short it and scalp it in London and
New York while it's applicable for that

retracement to see unfold in the year.

So you can use scalping
as a tool for hedging.

You can do it as a save all for,
if you miss the opportunity to be

a seller at the high, the day, you
can go into the five minute chart

and look for a fair value gap.

And, or I retrace it up into a bear
shorter block, if you're bearish and then

sell short there and then ride the rest
of the London session and maybe position

yourself for the remainder of the day,
it's only limited by your understanding.

The conditions of the marketplace at
the time and over time, you'll see

examples of how we use it, where it's
applicable and in your own trading,

you're also learn where it's most
apt to be the best way of trading,

especially when we get into August.

And when we go over how to break the
market down completely in, into the

four, uh, divisions of how the market
is going into accumulation, distribution

models, these types of trades.

You can build a very small account up.

You can do it in short order,
but it's not everyday trading.

The problem is you're going to
see how nimble you can become in

these intraday charts, but it'll
end up taking you away from the

larger timeframes if you allow it.

And that's not what I've been doing here.

I don't want to take your
eyes off the hard timeframe.

That's why we spent so much time working
from a higher timeframe all the way down

to finally these little five minutes.

If it was that important, we would have
started with the five minute chart.

But if you don't have all the things
we talked about since September

scalping is going to be not the
answer, but a problem for you.

So with that, I wish you
good luck, good trading.

And our next lesson gives us the complete
outline of what I do on a daily basis.

From the time I wake up to get
ready for the London, everything.

So I'm actually going to go through
the whole process interview.

Where everything I do normally, where I
get the information from what I do with

that information, when I'm weighing out
all those types of things, that's my daily

routine for scalping and intraday trading.

And with that, we'll be closing
this month teachings and we'll

moving on into June where we're
jam packed with commodities stocks.

Index and bond trading.

So until next lesson wish you
good luck and good trading.