All language subtitles for 7. premium vs discount(walkthrough)

like I was saying over here
right some people may not view

that as a swing pullback some
people may view that just as a

have the stats yeah I just
can't recommend enough that you

Um but yeah keen to see what
you guys come up with. Um yeah

and yeah I'll be really
interested to see what stats

course we start to apply
multi-time frame analysis to

more aggressive. So there will
always be slight differences.

because everyone will view
structures slightly differently

everyone's going to have
slightly different stats here

do this but I'll stop ranting
now I'll let you get on with it

would have already done the
hard work and you will already

ahead of time that price isn't
likely to pull back but you

you get because of course
there's going to be you know

a break of structure. Um you
know some people may be even

on that so you have a really
good idea about that okay yeah

apply liquidity concepts you
will then have such a great

understanding of you know when
you can see but and anticipate

structure do it just on one
time frame right I'd recommend

and see what stats you get. So
yeah put some nice music on and

this we start to apply supply
and demand and we start to

separate column where you're
purely just looking at the

hours spend structure have a
total number where you've

whatever and then you will
eventually come to a total

the four hour time frame and
then again as we go through the

yeah and let me know how you
get on you know check your

charts into the community if
you want any feedback as well

advanced right and then you can
start looking at minor brake

structure and things like that
but I think that's a little bit

did so I'll be just put you
know the tick beside the swing

and so on and so forth and then
if you want to be really

overkill for now just
concentrate on your swing

first initial change right and
then you'll collect the stats

right so that swing low didn't
pull back to be fair that one

you can get a bit more advance
and you may want to have a

know what we're trying to call
stats on then you can quickly

collected and you know what
percentage in general and then

go back and see you can count
them all up right so you have

one should go there right so
that one doesn't pull back to

percentage okay so I would just
do it very simply for the four

and right maybe make it a
little bit bigger whatever save

didn't come back that case it
didn't this case it did so

the the the EQ's into the
discount so in terms of you

one column with all the ticks
or one column with all the Xs

you may want to put that in all
the places where it didn't

each swing low and then maybe
you you want to put like a

low just so you know exactly
what it's referring to so that

it down as a template and you
can go well in that case it

cross just make it nice and red
keep it pretty right and then

maybe you want to put like a
little tick there be beside

on and you can even you know
change that to green be nice

you want to use this icon here
right as each time you draw it

now or do it as you go along
and you know take a tick maybe

on a piece of paper right be a
bit old school is do this and

want to do it notion on a
spreadsheet or literally just

what I would do right however
you want to do it whether you

it and you have that percentage
figure staring back at you and

then you can either do it the
end like I'm going to show you

edge in your favor yeah and you
can trade with confidence so

everything that we've looked at
in trading an edge and then you

to take that long-term focus on
the law of large numbers right

can be the casino right rather
than the gambler you have the

doubts because you've done the
hard work now, you've collected

you can use that with
confidence and that helps you

can look at your trade plan
wherever you're going to record

sabotaging yourself and you
know, having those ifs and

that color data and you can
look at your spreadsheet, you

that highest probability of you
know, having success and not

going to run into but if you
have cold, hard, mechanical

capital, the more psychological
issues you are potentially

data to back that up, right?
You're going to give yourself

910 whatever figures right The
higher you go with that account

to be a professional trader and
you want to trade 678 you know

wonders for your psychology
right because if your goal is

that move is going to continue
right so that is going to do

know build that portfolio of
evidence then you're happy to

maybe you want to see a bit few
more other things to to you

and rather than you waiting you
have than conviction you know

will know with X percentage
probability you know how likely

data rather that be 2345 10
years, however much you do you

looking to get long you can
know maybe at the start of

get in long here because you
know over X amount of years of

trends how often it does pull
back and how often it doesn't

market because if you're seeing
this move here right and you're

your dollar on the four hour
chart it does that X percentage

amount of times then you have
so much confidence in the

premium prices in a bearish
trend and you know that okay on

bullish trend and how often
price will pull back up to the

often price will pull back to
the discounted prices in a

hard work and you have the hard
cold data to back it up of how

proved it to your mind right
you've gone in there on the

**** seriously right this is a
professional business collect

the data do the work and then
when you have that data you've

on the four hour chart probably
won't actually take you as long

as you know for your for your
future self right take this

going to be the pair that you
want to concentrate on or

hours put some music on enjoy
it see it as an investment as

as you think but you know
literally if your dollar's

whatever pair it is you know
it's only going to take a few

of data there not over just
under 10 years of data you know

data feed the four hour chart
goes all the way back to two

with your swing structure is go
further back collect as much

data as possible you know I
believe on on this Forex. com

what I would also recommend if
you haven't done so already

thousand and 13 right so you
can get you know over 10 years

should have marked on your
charts draw all of these on and

go back through the the swing
structure that hopefully you

can really kind of piece the
puzzles together so obviously

start to build on this more
with more concepts yeah and we

but it can be very very
powerful especially when we

yeah hopefully that's you know
it's a reasonably simple tool

structure so now at this point
we can mark out the low to the

high to the low right and then
we can expect potentially price

to pull back up to those
premium prices again okay so

and so forth and of course
we'll be using multi-time frame

analysis as we go on and then
we get another break of

you can look at the
substructure breaks and so on

of character really until down
around here right but you know

get a minor break of structure
you know another kind of change

shorts to then take this to the
downside yeah and then we don't

you that's you know high enough
probability to still look for

going to have to decide whether
or not that's still okay for

low to do what to target the
four hour pull back back up

the internal leg right we can
wait for price and then pull

into premium prices right so
you can see it just misses it

by a few pips but again you
know this is where you're

back into the discount of this
internal leg right this

internal structure then we can
look to buy that internal high

of character so then what can
we look to do we can then mark

minor break of structure right
because we break the high the

minor high within that swing
leg so that gives us our change

that is our high there price
then takes that it gives us our

pullback how do we know that
four hour pullback is about to

we get that we get the minor
low minor pullback we take the

they don't care for price to
come all the way back up here

minor low because we took a low
that means there must be a high

high to the low right what can
we do we what do we expect

from the low to the high right
and we can then look to

after a four hour break of
structure we expect a four hour

4 hour trend change so that
point we are bullish we draw

in this case price ends up
going lower and we do get a

expect we expect a four hour
pullback how can we anticipate

flow starting to kick in and we
can look to target the EQ but

right because we get that first
initial change of character

prices or because there's so
much momentum actually you know

and then we fall back down
again right almost there draw

you know what sellers want to
step in right they they don't

potentially take control and
then we do give it that initial

technically make it right it it
came up to a decent area value

to the discount prices there
for me personally and then in

alright and then we get that
change of character to downside

they're just stopping the
sellers from driving price any

potentially short back down
into those discount prices

from the low to the high up
into the premium prices and

and then we start to kind of
fall a little bit more

kick in we can look for a
change of character so where do

you know maybe that's enough
for you to then look to want to

into the premium what do we get
lower high forming in the

the swing low there and we pull
back up into the premium prices

you'll see sometimes we do and
sometimes we don't then we're

in this next swing range here
of course we do pull back up to

does pull back to to pass the
EQ or not okay so although I

us more confirmation we look
for a change of character to

right where buyers are going to
want to wait for those premium

has to pull back a little bit
right buyers cannot generate

adding these sort of layers of
you know analysis to help us

to take shorts so where can we
target well let's say we got in

said it's not valid in terms of
that of course you can still

could be looking for long term
here but it ends ends up

come down to below the the the
EQ we are in discount prices we

right collect the stats on this
do the hard work how often on

so sub low is the most
aggressive but we get one there

discount then we're then when
we are into the discount right

right now we have our four hour
break of structure what do we

high to the the swing sorry the
swing low to the swing high

must have a minor high that is
where our minor high is so then

we do try to sell off when we
get to the premium right and we

remember we spoke about this
before is this substructure low

sense to you so again we have
massive massive momentum here

prices of the internal leg but
also in the premium prices

change of character to the
downside with that minor break

up to form that lower high
comes back into the premium

ups are right multiple in a row
you can those high lows

one we looked at here where we
got that first initial bullish

are starting to run out of
steam and that's why we only

because what happens price
pushes down now you have a bit

get short and you're happy to
sell within the discount prices

we're in the premium prices of
the swing leg we've had a

we look for price to come back
up yeah that's you know

how often when we get that
first initial trend change

week low right as a minimum
again and again and again just

momentum that we are going to
get a steep enough pullback

potential you can be in the
long term bearish trend change

starting to piece together new
swing range here again come up

then we sell off then of course
in this case we do come up to

premium versus discount on
those internal legs right

of structure here so we've
moved down we don't just

you're just going to have to
work out you know are you

the premium prices don't
actually draw it on so it's to

the upside right we look for
that break of structure so we

that swing run is over and the
four hour pullback is kicking

right or to the discount over
long and yeah and you and

initial trend change right so
now the longer term trend is

at a minimum target of the
swing low here with the

be looking to sell for how do
we know now that the lower high

turning into a bearish reversal
so we mark out the low to the

enough demands right to push
price up higher and then we get

this case of course we do come
back down to the discount

more confidence that lower high
is going to form why because

premium change the character to
the downside we can then mark

the rest of these and yeah
we'll just kind of finish it

up to the premium we get that
nice you know premium prices to

here but even then we we barely
take it we just about wick it

what we'd want to see then we
do get that first initial trend

the internal leg what do we do
we pull back up into the

it's quite later on in that
initial trend so you know

first initial bearish trend
change here price didn't

and we push down and now this
is when you can even use the

full on reversal so now we are
bearish again we draw from the

because all of these candles
here right they all break the

then pull back to the to to the
discount or to the premium

another one another one showing
you you know that bearish order

don't know why I haven't got my
little circle on there we go so

change again here but we do
come back this time right but

trend change right price didn't
come back down then we got that

try to go down but remember we
spoke about this this is when

take a low right this low here
what does that mean it means we

correctively now right pull
back up into the premium prices

low to the swing high what do
we do pull back up into the

move to the upside this time
just about miss it or do we

nothing in this leg on the four
hour leg for price to break in

maybe going through this and
you're going you know how

pieces of the puzzle are slowly
coming together so in this case

those trades short right so
when you see a lot of momentum

going to be happy to sell a
discount there are going to be

momentum at the start of the
new trend okay so now we are

lower we then start to get
those internal it breaks the

that first minor break of
structure we get another one

starting but now we're
overlaying premium and discount

theoretically what is the
likelihood with that amount of

just the first one or
potentially the second

back down to here but if you
see certain things and ticks

premium of the internal leg we
look to get short target that

good areas of value okay so you
can start to see now how these

an indication that that high
low may have now formed to give

and this we have to where you
have to kind of ask yourself

right of the swing leg that's
now a high probability to look

the same thing again and again
using those changes of

out yourself and collect those
stats and see what makes most

you know trying to count the
stats here right of whether it

high and in this case right we
do we get that trend change now

we do pull back up into the
premium so remember the first

starting to end but in this
case we do actually pull back

of this four hour leg right
then we are within the swing

mark out the internal leg right
we wait for price to pull back

when the pullback may be over
and the next swing run is

right this time we don't quite
make it the EQ but not quite so

you're a dollar right how often
on that first initial trend

look to take these trades and
this is what I mean right

going to be happy to sell in
those low prices right are you

premium and then that is enough
for sellers to step in again

technically not a valid
pullback to in terms of just

get another couple breaks of
structure and then we get that

reward okay so this is what
you're going to have to figure

this is a case where it is the
first initial trend change but

but not quite into the EQ and
premium right which is ideally

want to jump in sell straight
away so what can we do we can

potential higher low right we
know we're in good areas of

character those internal breaks
of structure to signify when

we don't come down to the EQ
right and we continue to go up

bearish we might from the high
down to the low okay and then

may be forming we get a change
of characters of downside right

yeah really is so anyway let's
just kind of quickly go through

we know that this is a good
time to start looking for that

change does price pull back to
the premium if we're short

because you expect it to get
run next target can be down

the premium but it ends up
being another reversal as that

that's probably why actually it
does pull back right because we

off so in this case we do come
back to the DEQ we come down

to give us that little extra
edge to show us where ER in

substructure break that may be
enough for you to want to look

starting to hold showing you
that the buyers are starting to

if you're looking at kind of
the long term trend you know

value for buyers to step in
what can we look for to give us

have a minor pullback we then
take that minor low because we

get a minor break of structure
really until potentially down

the swing one is over and when
the pullback starting and then

bearish for our trend is short
lived so now we can mark the

that short we would want to try
and see if pricing come can

and then we get another one
here potentially when you see

short here first minimum target
can be that week low right

and then here alright we do if
we can get it to draw on we do

into discount prices and then
buy a step in to fuel that next

the pair that you are
interested in so in this case

towards the EQ of the range or
you know further down into the

bit right and then we have to
look at the premium discounts

in well we can look at internal
breaks of structure so we don't

come up but remember what I
said you want to be looking at

the upside and then we run that
high and we get a high high so

right because we come down and
then we take out that low there

buyers keep stepping in you can
see those big wicks right

prior candles high so it's all
part of the up move so there's

we take the high we pull back
in and then we go right so it's

terms of minor breaks of
structure all we really get

want to be thinking about just
yet is just because some of you

prices but it ends up being a
full on reversal so now we are

reasonably close it's not ideal
I you know we were looking for

times plenty of times where if
you still get massive risk

the trend is so strong they
want to get in short price only

right so you can really see
hopefully now how this is all

this and then you know we still
at this point purely just

concepts and more tools that
are going to help you as well

start to get that that pull
back down here so we can mark

look at liquidity sweeps when
we look at where there is

these other concepts we're
about to learn and that's okay

getting a little bit ahead of
myself here and talking about

know you have to take
everything as a whole and we're

wrong with that in fact you
know I would advise that for a

so now that has statch
probability enough in my favor

cheap prices in the discount
but like I said payment

the pullbacks kicking in and we
pull back up into the premium

the discount if you're getting
long because you know like I

favor as much as possible okay
so the reason why I'm kind of

come to it yeah the EQ right
again not going to be picture

tick to start to tip those
those probability scales in our

be consistent then we are
within this swing range here

in this case right we are
playing in this swing range

and demand right that is
going to increase your or

minor breaker structure there
had another minor break of

highest strike rate okay but as
you go on you will you will

probabilities we end up getting
another change of character to

the momentum is very high.
Obviously buyers are stepping

structure to the upside that
change of characters to show

range so that swing highs all
the way up here all the way

and boxes are ticked in your
trade pan that occur when we

suddenly you'll see actually
you know it's not looking

perfect but I would pretty much
count that as coming back down

pack swing pull back that's
okay but again just remember to

of multiple time frames that is
when it becomes very very

buyers and that gives us the
fuel to then go up to the next

some of you may only want to
trade pro trading for example

going to give you your highest
possibility of having that that

through the course and of
course through the course of as

those new trends how often you
know is it likely that price is

okay it's not ideal that I'll
be buying here like looking to

leg right and then that it
comes down to cheap prices for

supply and demand and you see
that happen then you can go

buy here in the premium and it
could be a bit early and we

things you may notice is that
the start of new trends right

high will hold until it doesn't
so when prices in premium

lot of you even when you're
starting out because that is

other concepts that we haven't
looked at or or really we

maybe doesn't pull back that
often but as we start to bring

getting a little bit ahead of
myself here but as we go

in those other things
especially when we look at

to be happy buying in the
premium okay so that's why you

always to build that portfolio
of evidence to start to tick

EQ right now one one other kind
of thing I'll say is again

to identify and you'll see what
is forming on price action then

move now in this case you can
see we didn't come back to the

learn concepts such as you know
liquidity concepts and supply

commonalities am I seeing when
price is not pulling back

was saying right it's going to
depend on each individual

trader kind of how conservative
or aggressive you will be and

increase the probability of
buying in the premium right so

useful is this tool is it
really worth it you know it it

right we mark out the EQ
ideally we want price to come

could come down lower but
actually I've seen X Y and Z of

down into the discount right
and as at absolutely nothing

stuck within this new range
here and this time we can see

down to the slow here for me
obviously a very very shallow

right we did come you know back
into the the discount of the

ideally we want to be buying
back down here right in the

going to pull back that deep.
Now one of kind of the the

can target this low right but
of course we're playing with

going to pull back we're kind
of getting a lot of high

want to take note of and record
you know that the start of

likely now price will come back
to the premium sorry back to

you can anticipate you know to
expect that price isn't

we go through the course we are
going to learn you know more

and some of you may only want
to look to buy when price comes

forgetting everything else we
just assume that this lower

the premium if it's bearish and
try and spot those things so

swing trend what do we expect
we expect that potentially we

pullback there some of you may
not classify that as a swing

in because they really like
this area. How often does price

back but anyway we get that
next bearish leg right now we

right? And that may be
something that you know you

for our swing pull back so in
this case we can then mark out

low okay so let's speed this up
a little bit draw on our next

you're always waiting for price
to come up into the premium

looking at market structure and
one single time frame right

prices of this 4 hour swing
range right then we get that

that 4 hour break of structure
we get a minor break of

this case right buyers keep
stepping back in we've had a

then we are in the bullish
trend right and then we wait

structure we are now in the
premium remember we spoke about

bearish change of character
back in line with the overall

know how likely it is and not
overall price is going to pull

that is the lower high in place
we've mitigated the the premium

premium so you can see set is
start to step in already but

powerful and you'll see then
how useful but simple this tool

start to collect data and get a
bit more experience because if

make this a little bit more dim
because it's already annoying

now of course at this point we
do pull back up into the

aggressive or how conservative
you know you want to be but

to the downside down here right
showing us that potentially the

it's just going to be dependent
on each individual trader how

me yeah see how often it will
pull back and then yeah we can

this will just really give you
a good understanding of you

multi time frame analysis as
well which will get into it a

then how do we know when that
pullback is going to be over we

only pull the pull back a
little bit and it will go so

right then we start to get
changes of character again back

to to just you know use it as a
spectrum of probabilities and

is for us to be getting into
shorts but you're going to you

to build you know a a more high
probability trade idea right

out the new range that we are
within and as we can see after

right the EQ and now we're
ready to go and run this week

probabilities it's not always
going to work out the price is

sometimes you're going to miss
moves and that's okay right

introduced you know one more
concept which is of course

always going to get those
picture perfect pullbacks to

in this case where we have a
nice big impulsive move right

quite tap it and misses it here
by a few pips but if you see

swing high so we expect this
low to be taken and we get our

the EQ or all the way into the
premium you kind of just have

the leg right we pretty much
come back to fair value for

and again this is something you
have to get experience with and

test is that you want to be
asking yourselves you know what

probability of when that
pullback may be over so when we

see that you know the pullback
starting to kick in and we get

the downside right now you have
that extra piece of confidence

from the swing low to the swing
high and now because we are

with a bit more confidence
where that swing low likely is

obviously the higher up it goes
the you know the the better it

discount tool right and now
what we can see price pretty

going to come back that deep
now one thing you will notice

anywhere to you know the the
the discount if it's bullish or

now pro the 4 hour trend and we
can look to target that week

right and then that's when we
can draw on our premium versus

price coming up here it's
pretty much mitigated the EQ of

does pull back see when it
doesn't pull back it's going to

we're anticipating those swing
moves purely just looking at

expect a pullback how do we
know when that pullback is

will pull back to the EQ
sometimes it will pull heavily

buyers and sellers we then get
our change of character back to

break of structure so that's as
simple as it needs to be you

much comes back up to the EQ
right of course it doesn't

look for then another minor
break of structure to the

that we get that next leg down
so that's what you know the way

action is you know the market
is is imperfect right we're not

know the whole point of this
exercise is to see sometimes it

the whole point of this is to
collect data see how often it

know one last point I kind of
make about this blue price

basic market structure on one
time frame alone now we have

that extra piece of evidence
and that you are now building

low at a minimum right because
that low never took out the

into the premium when you're
looking for shorts sometimes it

the swing run may be over and
that pullback is kicking in and

right to give us that minor
break of structure to the

and then what we can do is
position ourselves short we're

downside where we get that
change of character here and we

upside which is what we get
here which then shows us that

it the wrong way around but
essentially all I care about is

premium versus discount just to
help us you know increase the

then switch bearish right and
then that gives us that sign

going to kick in when we're
purely just looking at market

can see where we are within the
leg right whether we're in the

swing high to the swing low so
anywhere above the EQ is always

end up getting your colors
mixed up if you kind of had

shift when you drag it across
so it doesn't move if you hold

what do we expect after a four
hour break of structure we

charts and you're flicking
through multiple time frames it

those shades there so yeah
really simple tool right we're

going to be the premium right
no matter whether it's bearish

that change of character then
we can kind of start to mark

so this whole time you can
focus on price action and you

become a lot easier but for now
I keep it even more

structure what we expect that
to be that change of character

colors and shades everywhere so
I wouldn't really advise that

you have them round right is
just kind of whatever makes

to have more concepts and more
analysis tools drawn on your

in the spares trend we get that
four hour break of structure

about what colors sometimes you
can get you know end up drawing

you kind of do that in the live
market so I would do something

shift right and then just have
it drawn off to the side here

that's the discount right so
that way you you know you don't

can get very very confusing
when you have all of these

range and essentially that way
you know I don't really care

bearish right because we're
looking at these lower lows and

which way you would draw it is
in the live market right

like that or it can be even
better is you can just hold

where is the EQ I know that
that's the 50% right from the

higher the price that's the
premium the lower the price

would just price was down here
and you're anticipating

premium or the discount and
that way it just yeah it will

potentially where price is
going to pull back is you can

minimalizing that so I have it
I just have it the stages of

imagine we don't have all of
the price action yet but you

or bullish the top part is
always expensive right the

just have it on the swing leg
right rather than having it

drawn the whole way across
because you know as you start

there's a few ways you can go
and do this in the live market

low highs is you can draw it
from the high to the low and

sense to you right but yeah the
way I was saying in terms of

now ignore the colors here it
doesn't really matter which way

then you can see where we have
the premium and discount now

something looking like this
right so what we do when we are

already have our swing points
so literally all we are

between those swing points so
if you have that premium and

discount tool saved you know
they briefly go over it in the

quicker than having to actually
go through you know each bit of

going to be doing is drawing
our premium discount right

practice a for playing around
with premium and discount here

the theory video but
essentially what you want to

have if you haven't already is
have this fibre tracement tool

it won't get you know kind of
overwhelming and confusing if

that makes sense so yeah this
will kind of be our sort of

want to keep it to a separate
one here so then when we go

so what I'm going to do is just
go through you know the price

toolbar and then yeah you
should be able to have

which you can get over here and
save it down to your favorites

discount yeah charts getting a
little bit messy so I just

want us to do is to use our
initial right the one that we

of the course and we start to
build on more concepts what I

were first using this initial
layout to build on those

get a little bit messy so we go
throughout throughout the rest

price section and map out your
structure because now we

back to our original one you
know we can build on this and

section that we've done so far
this should be you know a lot

concepts but just now whilst we
really dig into premium

to have a separate chart save
down so it may take a little

going to call it premium versus
discount just because we need

solely for the premium discount
lesson is I want you to go

drawing obviously the tools
across the charts and it can

then you know call it whatever
you want in this case I'm just

swing structure mark mapped out
now what I want you to do just

discount whilst we do this
because we're going to be

while to do that for just for
the purpose of premium versus

just want you to make a copy so
what this essentially will do

is just duplicate all of the
drawings that you have done and

right hand corner to your
current save template and I

Right okay hopefully you have
saved down this template right

swing points on at a minimum
drawn on potentially you will

you have drawn your annotations
on here from the previous basic

still have your minor breaker
structure right and you change

enjoy it.

market structure walk through
and you have your four hour

your characters as well but
ideally you have your four hour