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ICT Charter PAM 2 - Trade Plan and Algorithmic Theory

Last modified by Drunk Monkey on 2024-01-05 06:25

Outline

00:03 - Technical analysis and trading strategies.

- Trader uses economic calendar and weekly templates to anticipate market movement.
- ICT outlines a trading strategy based on analyzing past price action to identify potential trading opportunities.

04:43 - Trading strategies using price and liquidity analysis.

- ICT identifies opportunities for profit through price manipulation and convergence.
- ICT identifies potential trading opportunities based on converging standard deviations and discount/premium arrays.
- ICT targets entry/exit points based on the 15-minute discount/premium array and the daily high/low range, anticipating a 50-100 pip move.

10:04 - Trading strategies and risk management.

- ICT: Trade bullishly during European opening price, filter longs at or below price level.
- ICT: Trade bearishly during European opening price, filter shorts at or above price level.
- ICT outlines a short trade management strategy using sell limit orders with entry prices based on standard deviation and PDRA convergence, aiming for a 50-pip objective on one position and a 75-pip objective on a second position.
- ICT also outlines a long trade management strategy using buy limit orders with entry prices based on standard deviation and PDRA convergence, aiming for a 50-pip objective on one position and a 75-pip objective on a second position.
- Calculate position size by multiplying account equity by risk percentage, then dividing by stop loss and pips.
- ICT outlines a trade plan using a stop loss of 25 pips, with the goal of reducing equity curve volatility.

20:19 - Analyzing weekly charts for Eurodollar.

- ICT plans to teach algorithmic theory like a college professor, using visual aids and simplified processes.
- ICT is using algorithm #2 for analysis and incorporating alternative approaches from the trading plan.
- ICT is zooming in on a weekly chart to analyze the next candle, with a bullish dollar and bearish euro dollar backdrop.

25:37 - Using a trading model to predict price movements.

- ICT is focusing on the next weekly candle, expecting lower prices in dollar and higher prices in foreign currency (Euro/cable).
- ICT is using a hypothetical scenario to analyze the next candle, looking at the 20-day ELLIPTA data range to find discount arrays and predict price movements.
- ICT measures 50% of weekly candle tail for potential buy/sell signals.
- ICT outlines a trading approach for Tuesday and Wednesday based on a model that involves closing trades if they're more than 50 pips away from their entry point on Thursday.
- ICT mentions a potential trading opportunity on Monday, April 4 2022, where the market may go up into an imbalance and then sell off, with the objective of running towards an old daily low.

33:49 - Trading strategies using hourly and five-minute charts.

- ICT identifies optimal trade entry levels within hourly imbalance.
- ICT identifies Asian range and standard deviation for trading opportunities.

39:48 - Trading strategies using candlestick patterns.

- Ict: filter price above 3 std devs from highest open/close or lowest open/close for bearish trades.
- ICT identifies a specific price range for trading based on price and liquidity elements.
- ICT identifies optimal trade entry point based on retracement levels and imbalance.

44:47 - Trading strategies using technical analysis.

- Trader sets entry limit for trading range based on spread and factors.
- ICT identifies potential trade opportunity based on standard deviations and rejection block.

51:08 - Trading strategy using Asian range high.

- ICT outlines a trading plan for the next objective at 1.0881.5, with a focus on price action and risk management.
- ICT explains how to use Asian range for market protection during European trading hours.
- ICT explains how to use the Asian range high and low to enter a sell trade, waiting for the price to rally above the Asian range high before placing a sell stop below it.
- Unknown speaker suggests using a 50 pip stop loss for the sell trade.

59:36 - Using algorithmic trading models to analyze and profit from market movements.

- Trader places stop loss and limit orders to manage risk and maximize potential profit.
- ICT explains stop loss management protocol for traders, using examples from recent event.
- ICT explains that he will provide a detailed algorithm for modeling market movements in Model Number three, building on the foundation he laid out in Model Number two.
- ICT emphasizes the importance of using this algorithm in conjunction with other tools and approaches to create a personalized trading strategy.

Transcription

1 00:00:03 --> 00:00:10 ICT: Okay folks, welcome back. This is price action model number two short term trading plan 50 To 100 pips per trade
2 00:00:21 --> 00:00:36 Alright, so ICT Price Action Model number two short term trading model. And again, the objective is 50 to 100 pips portrayed as I want in the first price
3 00:00:36 --> 00:00:47 action model, majority of the slides you see in these trade plans are going to be repetitive. So please avoid sending me emails, there are differences do you
4 00:00:47 --> 00:00:57 have to pay attention to the logic that's been submitted in each one. The process obviously, for a retreat plan is we go through a preparation stage and
5 00:00:57 --> 00:01:05 opportunity discovery, the trade planning, trade execution, and trade management
6 00:01:10 --> 00:01:20 and the preparation, we always refer to the economic calendar for the coming week, noting all medium and high impact news events for the markets that we
7 00:01:20 --> 00:01:30 intend to follow. We study the events on the week to come and consider how the current market structure and the calendar events may suggest a specific we can
8 00:01:30 --> 00:01:43 profile for that week arranged in a simplest way of describing this process, what we're doing is we're looking for in a collection out of the weekly
9 00:01:43 --> 00:01:55 templates that I outlined, that are bullish when we're anticipating the market to go higher. And by comparing the bullish templates, with that other calendar,
10 00:01:56 --> 00:02:06 you can match up what the likely weekly profile is going to be. Now, it's not going to be 100%. Based on just the ACA, there's always a variable. But that's
11 00:02:06 --> 00:02:18 what I do I go in and look at, if I see a high impact news event that's really centered on Tuesday in London Open then I'm going to be looking at the Tuesday
12 00:02:18 --> 00:02:24 low of the week, weekly profile and or the Wednesday low the week, weekly profile.
13 00:02:30 --> 00:02:37 Alright, so we're gonna be looking at the preparation, we're going to be determining the up to date arrange for the last 20 days, we do not count
14 00:02:37 --> 00:02:47 Sundays, we note the highest high and the lowest low of the past 20 days. And this is going to be your current dealing range. So if today is whatever date it
15 00:02:47 --> 00:03:00 is, we're going to look back 20 days from today. And whatever that trading day is that is your 20 day ago, look back, we're determining the highest high and
16 00:03:00 --> 00:03:17 the lowest low. And that is our dealing range. Now, you're going to sometimes encounter periods where you may require looking back 40 days, or 60 days when
17 00:03:17 --> 00:03:28 you have really no PD arrays to choose from in the last 20 days. In other words, if we've already worked inside of the last 20 days dealing range, both up and
18 00:03:28 --> 00:03:40 down, then you use to look back of 40 days and if the same thing if we have nothing in there, we've worked both directions, we go back to 60. If you can't
19 00:03:40 --> 00:03:52 find anything in the 60 day look back, that's clear and logical, then you're going to have to choose another market to trade or sit on your hands. Inside
20 00:03:52 --> 00:04:03 this dealing range, we look for the next draw liquidity Where is price likely to trade to next, an old high low fair value gap or liquidity pool. We look for a
21 00:04:03 --> 00:04:16 PD array in the direction of the weekly range bias premium PD arrays when bullish and discount rates when bearish. We anticipate price to move to a PD
22 00:04:16 --> 00:04:27 array that would support our weekly bias on a day and economic calendar event found on the economic calendar with the current or next trading week. This is
23 00:04:27 --> 00:04:37 what we're waiting for every time we sit down from the charts. We have that in mind. We're not looking for something to magically pop up. We're going in
24 00:04:37 --> 00:04:47 looking for something that would fit that narrative if it doesn't present itself to me on the trade. Now this can either be a run on liquidity or rebalancing of
25 00:04:47 --> 00:05:04 inefficiency in price. Opportunity discovery, identifying the discounted rates under Tuesday's European opening price Inside the 20 day data range when the
26 00:05:04 --> 00:05:19 bias is bullish, we identify the premium arrays of Tuesday's European Open inside 20 day up to date range when the bias is bearish. We identify the
27 00:05:19 --> 00:05:30 discount arrays under the Wednesdays European opening price inside the 20 day if the data range when the bias is bullish. And we identify the premium arrays
28 00:05:30 --> 00:05:44 above the Wednesday's European opening price inside the 20 day up to date range when the bias is bearish. Now, what am I stating here? If the signal or setup
29 00:05:44 --> 00:05:58 doesn't form on a Tuesday, we still wouldn't consider it on a Wednesday. Right trade planning, when the market is primed, we want to look for convergence of
30 00:05:58 --> 00:06:10 both manipulation and price. Opposite to our trade bias at a time that economic calendar suggests a volatility injection will likely unfold. What we're looking
31 00:06:10 --> 00:06:24 for is some snappy, sharp price movement that will be in the opposite direction, trading into our predetermined level of entry. Basically a Judas swing. Okay, so
32 00:06:24 --> 00:06:34 we're going through a period of market protraction. That's opposed to our trade direction moving in profit. So in other words, we want to see it shoot up when
33 00:06:34 --> 00:06:46 we're looking to go short. And we want to see it shoot down. When we want to long we're not chasing price. We will short above the European opening price and
34 00:06:46 --> 00:07:00 buy below the European opening price. When we are bearish, we will frame a short entry when the price has moved up into a 15 minute premium pdra. That converges
35 00:07:01 --> 00:07:12 with a standard deviation of no more than three standard deviations. Now the plus three there indicates that if you're using the Asian range if you're using
36 00:07:12 --> 00:07:23 the central by dealers range, or if you're using flout, you're only going up three standard deviations nothing higher than that for your entry. During London
37 00:07:24 --> 00:07:34 Open or New York open to set up will typically form the market will likely create the weekly low during the Thursday New York session. For time filter in
38 00:07:34 --> 00:07:46 targeting purposes, we will anticipate the trade to pan out until that time. When we are bullish we will frame a long entry when price has moved down into a
39 00:07:46 --> 00:07:58 15 minute discount PD array that converges with a standard deviation of no more than three standard deviations lower downwards that we would look at nothing
40 00:07:58 --> 00:08:11 lower than three Asian range. standard deviations projected lower or three central by dealers range projected lower or three flout levels lower during one
41 00:08:11 --> 00:08:24 than open or New York open. The market will likely create the weekly high during the Thursday New York session. For time filter and targeting purposes we will
42 00:08:24 --> 00:08:35 anticipate to trade the panning out until that time. When we are bearish, we will target the sell side liquidity below an old daily low or fair value gap
43 00:08:35 --> 00:08:49 inside the 20 if the data range converging with a negative or projected lower standard deviation. What am I saying there? If we're short or if we're getting
44 00:08:49 --> 00:09:02 ready to take a short what is our targets, we're trying to predict the Thursday or sooner range that would offer 50 to 100 pips our target has to be in the form
45 00:09:02 --> 00:09:17 of a discount array for bearish and we're looking for a standard deviation lower that converges both with standard deviation level and the discount rang within a
46 00:09:17 --> 00:09:27 fire pit variants. The immediate or next logical discount array will be the initial objective. There will likely be multiple old daily lows inside the up to
47 00:09:27 --> 00:09:39 date range, but we will use the one that frames the potential for at least 50 to 100 pips when we are bullish, we will target the buy side liquidity above an old
48 00:09:39 --> 00:09:49 daily high or fair value gap inside of the 20 day up to date range converging with the standard deviation above launch we're looking for a premium standard
49 00:09:49 --> 00:09:57 deviation the immediate or next logical premium array will be the initial objective. There will likely be multiple daily highs inside of the upper data
50 00:09:57 --> 00:10:09 range but we will use the one that frames the pattern job for at least 50 to 100 pips. Trade executions when we are bullish. We will note the European opening
51 00:10:09 --> 00:10:21 price on Tuesday and filter all Long's at or below this price level. We will anticipate a 15 minute optimal trade entry to form inside of a retracement lower
52 00:10:21 --> 00:10:34 during the London Open and or New York open kill zones or a sell stop rate. When we are bullish, we will note the Asian range high on Tuesday and place a buy
53 00:10:34 --> 00:10:49 stop at this level plus one pip after 2am Eastern Standard Time. Now this is an alternative trade execution. This is basically buying strength. So in essence,
54 00:10:50 --> 00:10:59 you aren't technically chasing price because what we're doing is after two o'clock in the morning, the assumption is that we've already seen price drop
55 00:10:59 --> 00:11:14 down. Instead of waiting for price to potentially go lower and give us a loss or trying to catch the low we can just simply use the Asian range high, put a buy
56 00:11:14 --> 00:11:29 stop there and let it go. Let it bias into the move with strength. But it has to be done after 2am. So at 2am when price starts to drop down. If you're still
57 00:11:29 --> 00:11:38 learning how to project the low of the day, you can get your order in in the event. Once it turns around starts to go higher. The market you'll let the
58 00:11:38 --> 00:11:48 market seek its own low and then you'll buy the breakout of the Asian range high we will anticipate price to have made the low of the day after price starts its
59 00:11:48 --> 00:11:58 decline under the Asian range low and or European opening price. When we are bearish we will note the European opening price on Tuesday and filter all shorts
60 00:11:58 --> 00:12:08 at or above this price level. We will anticipate a 15 minute chart optimal trade entry to form inside of the retracement higher during London Open and or New
61 00:12:08 --> 00:12:12 York open and kill zones or a buy stop rate.
62 00:12:16 --> 00:12:26 Okay the alternative trade execution from where we're bearish. We will note the Asian range low on Tuesday and place a sell stop at this level minus one pip.
63 00:12:27 --> 00:12:39 After 2am Eastern Standard Time, we will anticipate a price to have made a high the day after price starts its ascent above the Asian range high end or European
64 00:12:39 --> 00:12:51 opening price. Now if we do not get a set up on Tuesday, the things that are mentioned here for alternative trade executions for both bullish and in this
65 00:12:51 --> 00:13:01 slide here bearish would be the same thing for Wednesday. So we will be using Wednesday's European opening price. So everything we would see here it says
66 00:13:01 --> 00:13:12 Tuesday we'll just replace Tuesday with Wednesday and just repeat the same process. short trade management when we are entering a short we will place a
67 00:13:12 --> 00:13:24 sell limit order on all positions we will execute on with our demo account. We will use the standard deviation and pdra convergence minus five pips as our
68 00:13:24 --> 00:13:38 entry price when using a sell limit order. If multiple orders are used, all use the same entry price in the sells limit orders. When we're entering a short, we
69 00:13:38 --> 00:13:49 will place a limit order to take 50 pips as our objective on one position. We will place a second limit order to take 75 pips as our second objective. We will
70 00:13:49 --> 00:13:56 use multiple orders to manage the trade idea. If you capture a 100 Pip objective, close the trade and be content
71 00:14:03 --> 00:14:12 when we're entering a short we will note the premium array and standard deviation convergence we aim to enter at we will place our stop loss above this
72 00:14:12 --> 00:14:26 high plus 25 pips we will not reenter if the trade stops out. We can monitor it for experience but no reentry is taken one and done. Long trade management. When
73 00:14:26 --> 00:14:35 we are entering along we will place a buy limit order on all positions. We will execute on a demo account we will use standard deviation and pdra convergence
74 00:14:35 --> 00:14:47 plus five pips as our entry price when using the buy limit order. If multiple orders are used, all use the same entry price in the buy limit order. When we
75 00:14:47 --> 00:14:56 are entering along, we will place a limit order to take 50 pips out as our objective on one position. We will place a second limit order to take 75 pips
76 00:14:56 --> 00:15:09 out our second objective will use multiple orders to match As the trade idea, if you capture 100 Pip objective, collapse the trade and be content. When we are
77 00:15:09 --> 00:15:18 entering along, we will note the discount array and standard deviation convergence, we aim to enter it, we will place a stop loss below this low minus
78 00:15:18 --> 00:15:31 25 pips we will not reenter if the trade stops out, we can monitor it for experience but no reentry has taken one and done when we are in profit 25% of
79 00:15:31 --> 00:15:43 our expected objective stop loss can be reduced by 25%. When we are in profit 50% of our expected objective stop loss can be reduced by 50%. When the position
80 00:15:43 --> 00:15:58 is at 75% of the expected profit objective stop must be at breakeven or above it. Money management position size calculation formula now that determine your
81 00:15:58 --> 00:16:10 position size is the account equity times our percent divided by stop loss and pips. Now position size is the amount of leverage your trade assumes. account
82 00:16:10 --> 00:16:18 equity is the total amount in your trading account. Our percent is the percentage of risk you're willing to take on per trade. And the difference
83 00:16:18 --> 00:16:30 between the entry price and your stop loss is the number of pips you will use the divide for the result of the equity times our percent okay, as an example,
84 00:16:30 --> 00:16:47 account equity $20,000 risk per trade one and a half percent, or $20,000 times 1.5% equals 300. US dollars. The stock required for the trade in this case would
85 00:16:47 --> 00:17:04 be 20 pips in microwatts. One kg each is 10 cents per pip 20 pips times 10 cents is $2.03 $100 total risk divided by $2 per pip would give us the ability to
86 00:17:04 --> 00:17:18 trade 150 Micro lots portrayed or one and a half percent of the account equity always round down. Okay, same equity size $20,000. And the risk portrayed one
87 00:17:18 --> 00:17:31 and a half percent, or 20,000 times one and a half percent, three and ours is not required for this is 20 pips, in many lots, it's 10k Each, or $1 per pip. So
88 00:17:31 --> 00:17:46 our 20 pip stop, times $1 per pip, it means 20 hours, is our total risk exposure using 20 pips with $1 per pip leverage. So if our total risk assumption is 300
89 00:17:46 --> 00:17:58 hours, we're dividing that $20 Which would give us 15 Mini lots portrayed or one and a half percent risk of the account equity, always round down. Instead, your
90 00:17:58 --> 00:18:15 lots 100k. Each is 10 dots for PIP. So if we have a 20 pip stop loss in expectation, we would have 20 pips at $10 or two hours, total risk. So if we had
91 00:18:15 --> 00:18:26 total two hours per risk, divided by 300 hours, we can only do one and a half standard lots or one lot portrayed. Always round down, many lots are more
92 00:18:26 --> 00:18:39 flexible. Now right away. You can see with the model that I've outlined here in the trade plan, we're using a stop loss suggestion of 25 pips. So you would
93 00:18:39 --> 00:18:56 change the stop required to 25 pips. And all the math here would change. It's not complicated math, is you're changing the 20. In this example, here to 25 and
94 00:18:56 --> 00:19:08 everything would work out for your math to determine what your exposure would be. If your demo account takes a loss on a trade, and it is a full our percent
95 00:19:08 --> 00:19:18 that you assumed dropped our percent by 50% and when the loss is recovered by 50%, you are permitted to return to the maximum our percent per trade. If the
96 00:19:18 --> 00:19:33 reduced our percent trade assumes a loss reduced our percent by 50%. again until the previous trade loss is recovered by 50%. If you take a series of five
97 00:19:33 --> 00:19:42 winning trades in a row, drop your art percent by 50%. You are likely to assume a loss eventually in this will build an equity leveling and reduce the
98 00:19:42 --> 00:19:57 likelihood of a large drawdown. You want a smooth equity curve that slopes and or stairsteps higher not a jagged roller coaster with deep declines. Alright, so
99 00:19:57 --> 00:20:05 what you're going to be doing is same thing you did in model number are one gonna be collecting a month or two of sample sets with this trade plan, it's not
100 00:20:05 --> 00:20:14 hard to go through your price action and to see where these price moves have occurred. And if you're unclear about some of the process here, rewatch the
101 00:20:14 --> 00:20:19 lessons on this price action model, and supportive lessons in the core content. Alright, folks, welcome
102 00:20:19 --> 00:20:32 back. This is model number two algorithmic theory. And we changing gears a little bit. Obviously, I've removed a lot of people over the years and in recent
103 00:20:32 --> 00:20:45 months, because of either selling, being disruptive, or breaking down Terms of Use. So naturally, their way of trying to get back at me is leaking my content.
104 00:20:46 --> 00:21:00 But that's okay. It's not going to hurt me, it's the change the gears that I'm going to be doing is, instead of spending all my time typing out slides, and
105 00:21:00 --> 00:21:12 making it easy for everybody just to go out and share that or, or sell it, or whatever you do. For put them in books, and they try to sell them on Amazon. And
106 00:21:12 --> 00:21:25 I've already taken down five or six of those books. It's unbelievable, the blatant disregard for copyright infringement and intellectual property rights
107 00:21:25 --> 00:21:36 and things. You know, I understand things around the world, right? Men are rough, but I'm gonna be tight, I'm gonna be teaching basically, like a college
108 00:21:36 --> 00:21:47 professor. So I'm going to be speaking, and it's your job to write it all down, I'm going to show you visually in the chart, walking you through the steps, and
109 00:21:47 --> 00:22:02 these steps can be reduced down to the back of a business card. Okay? The logic that goes into these models, when it's spelled out, obviously, every minut
110 00:22:02 --> 00:22:18 detail wouldn't fit on the back of a business card. But the processes and procedures that get you to the main points of focus application, and where you
111 00:22:18 --> 00:22:27 utilize certain things and what you're looking for, those are obviously understood because of your experience and understanding with the teachings in
112 00:22:27 --> 00:22:36 the core content. But I'm literally going to go into this Eurodollar sharp, and walk you through something I outlined beforehand. So that way, it's not me going
113 00:22:36 --> 00:22:47 back and formfitting. It's that way it sounds and looks pretty for you. It is the very basis of what I was utilizing for the analysis that I gave in the
114 00:22:47 --> 00:23:00 commentary this past Monday. Okay, so that way, you know what I'm looking at, in regards to the tools, because I'm going to spell it out for you. I'm using the
115 00:23:00 --> 00:23:11 algorithm that's outlined for model number two. And I'm going to incorporate the alternative approaches as well that I outlined in the trading plan version.
116 00:23:12 --> 00:23:25 Okay, so you're gonna see how, looking at it from the video production and typing it out, it's, it gets real easy to get lost in all those details. And I
117 00:23:25 --> 00:23:35 know it's hard, okay. But I think you'll like this approach better, because it's literally me going in using what was already described. And you get to see
118 00:23:35 --> 00:23:45 whether or not this stuff really works because I've had people you shake their fists, that means say, these models don't work. Absolutely work. But
119 00:23:45 --> 00:23:56 unfortunately, I think laziness plagues a lot of individuals that had that mindset. Okay, so I'm going to dispel all that today. And again, bringing more
120 00:23:56 --> 00:24:09 evidence the fact that these things absolutely do work. Right, so right away this model really hinges on what the majority of the models do is what is the
121 00:24:09 --> 00:24:20 weekly range gonna do so the first thing we're doing is looking at a weekly chart. So we're just gonna zoom in here in the most recent timeframe here of
122 00:24:20 --> 00:24:31 candles spread back here. Now obviously, this is the week that just closed and today is the ninth of April 2022. So it's a Saturday I'm producing this video
123 00:24:32 --> 00:24:43 and this was last week's trading Alright, so the question is going to be is the very next candle which is obviously right here. Now before we go any further
124 00:24:43 --> 00:24:57 okay. Just remember what I had been stating in live commentaries before it happens. We have been bullish dollar and bearish euro dollar. Now I do not take
125 00:24:57 --> 00:25:04 you into the weekly charts in the comments. If that's your job, okay, I'm not going to do everything for you, I'm not going to lay it in your lap. I'm not
126 00:25:04 --> 00:25:16 going to spoon feed you, because that builds codependency. But I want you to understand what the backdrop was behind the scenes, why I'm calling these moves
127 00:25:16 --> 00:25:28 in opinions, if you will, in the commentary on Monday, in the commentary for Eurodollar. I gave a very specific expectation. And we were bearish. We'll
128 00:25:28 --> 00:25:39 revisit that as we get to that point in this lecture. But I want you to watch what I'm doing and listen, take notes. I said the very next candle here.
129 00:25:40 --> 00:25:51 Obviously, with the benefit of hindsight, it was bearish, which is what we were looking for. Why was this candle in my mind and proof with the commentaries
130 00:25:51 --> 00:26:00 expected to be a lower candle or expand lower? While dollar has been bullish, obviously, we've been looking for it to go to the full 100 level. But look what
131 00:26:00 --> 00:26:00 we have here.
132 00:26:09 --> 00:26:20 Volume imbalance, see that we have all this range here is just a little tale of that candle. And all of this here is the wick of this candle. So there's really
133 00:26:20 --> 00:26:30 no bodies up there. So we traded up into it once more here when bearish on Euro when bullish on dollar. And I've been trying to take everyone's attention down
134 00:26:30 --> 00:26:42 into that short term low right there. So this is where we've been focusing. So now, the way you use model two is you start by going back to you look at the 20
135 00:26:42 --> 00:26:53 day ELLIPTA data range look back period of 20 days to find your discount arrays. Alright, so this is the candle that you will be doing the analysis because this
136 00:26:53 --> 00:27:02 is the week that heads really formed yet. So we're using a hypothetical, but it was rigid, and actually me calling it before it happened. So let's make sure we
137 00:27:02 --> 00:27:13 understand that. But you will be looking at everything on this calendar week before the new week begins on Sunday. So now we're we're imagining if you will,
138 00:27:13 --> 00:27:26 the candle hasn't formed. So it would look like that. So you would go back, obviously, this is five days 1015 20. So what's the lowest low and last 20 days?
139 00:27:27 --> 00:27:33 Right here. So that's why I'm focusing your attention there too. I've been talking about it in the commentaries. And I mentioned that we were looking for
140 00:27:33 --> 00:27:45 lower prices. Now we traded up into this volume imbalance. It's a premium array from this range high. So this range low. Why am I referring to that because this
141 00:27:45 --> 00:27:55 is the most recent decline. This is where it stopped instead of retracing, we're bearish. So it's retracing back up into this range. Where's it retracing to to
142 00:27:55 --> 00:28:02 tracing back up into the volume imbalance it's really up into it and we're expecting higher prices and dollar and we're expecting lower prices in foreign
143 00:28:02 --> 00:28:18 currency Euro cable respectively. So we're expecting lower prices in the next weekly candle to explain to expand rather lower work towards this low. Okay. Now
144 00:28:19 --> 00:28:33 there are several discount arrays that we're going to be looking for. So we have to look for with this model. It's engineered for capturing 50 to 100 pips once
145 00:28:33 --> 00:28:43 you get 100 pips, you're done. Okay, that's done. It also has time elements to a specific day of the week and we'll talk about that when we get to it but we're
146 00:28:43 --> 00:28:55 looking at this swing low down here. So right away, we're gonna go through and mark off there is the rejection block here and we're gonna get a measurement on
147 00:28:55 --> 00:28:58 the consequent curtailment of that tail
148 00:29:13 --> 00:29:13 okay
149 00:29:15 --> 00:29:19 and what I'm doing is I'm measuring 50 level between the opening of that candle and will
150 00:29:23 --> 00:29:27 not change this to be a slightly different color.
151 00:29:29 --> 00:29:31 And obviously the very low
152 00:29:34 --> 00:29:37 we'll use that down here and we'll make that just
153 00:29:39 --> 00:29:44 dark blue in the rejection block we'll make that a dashed line
154 00:29:46 --> 00:29:58 with that much wheat to level, so that'd be before I dropped down to the daily chart I want you to take a second look at what these levels are. Okay, these are
155 00:29:58 --> 00:30:12 our discount our erase, it's the old low rejection block. It is the consequent encroachment of the lowest candles tail, that little mind that makes the you
156 00:30:12 --> 00:30:23 know that these are called tails. They're wicks above the candle, but it's tails underneath them. So that price level at the open to the low, we're measuring
157 00:30:23 --> 00:30:35 that range and get 50% of that that's the gap. And this is the old low here. So there's our three discount arrays that we're aiming for, or utilizing with the
158 00:30:35 --> 00:30:42 weekly range, where could it expand down to? This is what we're looking for. Okay, so now we're gonna drop into a daily chart.
159 00:30:48 --> 00:30:54 Now, obviously, it's going to take me more time to talk about everything I'm doing than it would be for you to actually just go through the process of
160 00:30:54 --> 00:31:04 actually feeling all these things. So there's rejection block, consequent encroachment of the weekly candle tail, and then the old love which is what
161 00:31:04 --> 00:31:14 we're aiming for. That's always what best case scenario. But do we need best case scenario to be profitable? No. Okay, so now what we're looking for is the
162 00:31:14 --> 00:31:27 logic behind all these moves, lower here. So here's Friday's trading, Thursday's trading Wednesday, Tuesday and Monday. Okay, so April 4 2020, to Tuesday,
163 00:31:28 --> 00:31:40 Wednesday, Thursday, and then Friday. All right. So there were several things that I looked at an outline for you. But before we get into this, this is
164 00:31:40 --> 00:31:50 Thursday. Just remember that Thursday is the day of the week that we have to close based on time. It doesn't matter where you are with the trade. Okay, if
165 00:31:50 --> 00:32:04 it's more than 50 pips, you close it. Okay? If you ever get to 100 pips, even if you do not have time to hold till Thursday, New York Open New York open is where
166 00:32:04 --> 00:32:18 you close the trade for this model. So it will leave tips on the table, it will, you know, unfortunately, sometimes get you out before a bigger move that takes
167 00:32:18 --> 00:32:26 place on Thursday and maybe into Friday. But the point of this model is for you to have a short term trading approach to build on because you can obviously
168 00:32:26 --> 00:32:36 tweak this and work with that Thursday time element and remove it, if it works for you to hold on to it until Friday, you're given something to that effect,
169 00:32:36 --> 00:32:45 it's something for you to figure out on your own. So there's that flexibility that makes it unique for you. But I don't want to talk about the fact that we
170 00:32:45 --> 00:32:54 mentioned that it could trade up into that area here and then sell off again, I mentioned that and it delivered. What I'm showing you here is this model which
171 00:32:54 --> 00:33:03 is framed on Tuesday and Wednesday. Okay, so we're gonna be using Tuesday and Wednesdays approach so we'll drop down into an hourly chart.
172 00:33:07 --> 00:33:08 And here is
173 00:33:10 --> 00:33:28 the Monday, April 4 2022. here and I mentioned in the recording, Monday night's commentary, go back and watch the commentary for April 4 2022. You'll hear me
174 00:33:28 --> 00:33:38 talk about how it's likely to go up into this imbalance here and then sell off and we're looking for it to run towards that old daily low. Now, your objective
175 00:33:38 --> 00:33:44 is when I give you these commentaries is to go through and do what I'm about to do right here. And if you haven't been doing it like this, hopefully this will
176 00:33:44 --> 00:33:56 inspire you to do it because you'll see what you've been missing all this time. Alright, so let's stretch this out a little bit. Alright, so we have on the
177 00:33:56 --> 00:34:15 hourly chart going top down there is our imbalance will shake this that right there and didn't talk enough for my liking. So there you go. And that is
178 00:34:18 --> 00:34:31 Tuesday's trading April 5. Okay, so right away, we have an imbalance here. So now we got to drop down into 15 minute time frame
179 00:34:51 --> 00:34:59 I'm not going to edit any of this out. You're gonna have to suffer through it. If I gotta suffer to get this thing lined up, you're gonna suffer watch me do it
180 00:34:59 --> 00:35:12 because this is what you Gotta go through. Alright, so we have the imbalance here. Now, as it was outlined on Monday night before it happened before it runs
181 00:35:12 --> 00:35:22 up into that, okay, once it starts having its market projection on the upside, on the fifth, you're going to be looking at dealing range between that high
182 00:35:22 --> 00:35:33 here, why that high? Why not something higher back there, because this is the one just before the imbalance, this is the one that starts to decline. And this
183 00:35:33 --> 00:35:41 is the lowest low prior to it running back up into that imbalance. Okay, so fair, you get stuff out of bounds by some inefficiency that's been shown on the
184 00:35:41 --> 00:35:54 hourly chart here. The dealing range that's parent to that is this high to that low. Okay, so we have optimal trade entry levels in here. Not sure why don't
185 00:35:54 --> 00:36:01 have the 60 level on it. I'm going to change that 70 level right here
186 00:36:09 --> 00:36:18 so 60 to 70 retracement level, there's your optimal trade entry. So here we have a another element of
187 00:36:23 --> 00:36:24 price
188 00:36:32 --> 00:36:33 this one German notes
189 00:36:39 --> 00:36:46 can be good enough for government work. Great there and we'll shade that no, I'm only doing this so that way you can visually see.
190 00:36:53 --> 00:37:09 That's good. Alright, so this is optimal trade entry in terms of price range. And inside of that hourly imbalance, so overlapping elements of price. But now
191 00:37:09 --> 00:37:15 we have to go into the most important factor which is time, so we're going to drop down into the five minute chart.
192 00:37:34 --> 00:37:47 Okay, so here is the midnight candle, at April 5, transition from Monday into Tuesday's trading. We're going to delineate make this
193 00:37:49 --> 00:37:55 different color here and then drop this back to eight o'clock.
194 00:38:00 --> 00:38:15 Okay, so there is our Asian range. And with this model, obviously we're bearish, we are looking at a selling opportunity on Tuesday and or Wednesday. So if we
195 00:38:15 --> 00:38:23 get a trade on Tuesday, we don't trade on Wednesday. But if we don't get a trade on Tuesday, we'd love to do it on Wednesday, but there has to be consolidation
196 00:38:23 --> 00:38:36 on Tuesday and it hasn't yet moved lower for that the considered okay. So we have some filtering there as well. But we have the Asian range here. And I'm
197 00:38:36 --> 00:38:50 going to show you the standard deviation here in the both on the wicks and tails, wicks and tails. That's the largest range that's been utilized for Asian
198 00:38:50 --> 00:38:58 range. And I know it looks busy right now, but I promise it'll make a whole lot more sense in a second. Once you do this a few times you'll know what you're
199 00:38:58 --> 00:39:09 looking for, and it's not that big of a deal. Alright, so this model has a filter that you cannot take anything as a short, greater than three standard
200 00:39:09 --> 00:39:22 deviations above if you're going short, okay, so Asian range, we're using that as our basis for standard deviation projections. So this is one standard
201 00:39:22 --> 00:39:31 deviation, two, and three. So right away we have this level here
202 00:39:40 --> 00:39:50 and that's one tip off, it's going to be enough for me to drive me crazy. So we're looking for a premium array. no higher than that. If we're using the Asian
203 00:39:50 --> 00:40:05 range, using the tails to wicks. Now if we do it with the bodies of the candles, which is German What I like to prefer over the wicks and tails, because it's a
204 00:40:05 --> 00:40:20 little bit truer in terms of the volume right away, we can see that there's three standard deviations right there. Now, you can do this two ways, the way I
205 00:40:20 --> 00:40:30 just did it, which is generally how I usually do it. Or you can do it the opposite way you can go in and do the standard deviations on Asian range, or you
206 00:40:30 --> 00:40:39 can use flour, or you can use the central make the latrines, you know, whichever one you prefer, whichever one you adopt as your model, the standard deviations,
207 00:40:39 --> 00:40:48 you don't want to go anything higher than three standard deviations to look for your premium array because we're bearish. Okay, so this is your filter in terms
208 00:40:48 --> 00:40:58 of price can't go any higher than this. So right away. Now I've done the wicks the tails, and I've done the body's highest open or closed, the lowest open or
209 00:40:58 --> 00:41:07 closed, that's what's being represented here. So I can take this off and get someone to this business off the chart. And right away, you can see that the
210 00:41:07 --> 00:41:20 optimal trade entry here, relative to the dealing range, high and low that I outlined, that does not violate either the wick to tail or highest open or close
211 00:41:20 --> 00:41:36 to lowest open and close standard deviation of three. So notice that so this is in agreement with the rules, it's inside the dealing range from here to here, it
212 00:41:36 --> 00:41:47 runs above this short term high where buyside liquidity be resting, so it runs up into that now because we have the elements of price, and we figured it out
213 00:41:47 --> 00:41:57 what we're looking for in terms of the range where should we be scanning or stocking for the very specific price range that we're gonna be trying to trade
214 00:41:57 --> 00:42:10 on. We've already done that here. So now I can take this off and clean the chart up even more here and now it's just a matter of moving this to the kill zone
215 00:42:11 --> 00:42:20 which is two o'clock in the morning. Now obviously, this will all be done before the market starts trading and creating all these candles in here. This is what
216 00:42:20 --> 00:42:31 you would have beforehand and then project it up to five o'clock in the morning. And again this is routed on the 62% retracement level and this is 79%
217 00:42:31 --> 00:42:47 retracement level 79 is outside of the imbalance notice that so what we could do is go over inside this range what PD array it's a premium array is an agreement
218 00:42:47 --> 00:42:56 with this optimal trade entry price range and inside that time window of the London Open
219 00:43:02 --> 00:43:03 What's this
220 00:43:24 --> 00:43:38 you have a city in the form of a fare of how you get right there. It breaks lower after running short term high it breaks lower we have an imbalance near
221 00:43:38 --> 00:43:51 the upper end of the hourly imbalance which is that pink shaded area so we can take that off that's been incorporated here. And we know that the markets
222 00:43:51 --> 00:44:07 drawing higher into a optimal trade entry here and also the lowest band four level of that optimal trade entry your 62% retracement level what agrees with
223 00:44:07 --> 00:44:08 that lower end
224 00:44:21 --> 00:44:44 so we have the optimal trade entry a run above a short term high this candles high here comes in at 98 EDA. The high on this candle comes in at 98 Seven okay
225 00:44:44 --> 00:44:58 so it's one pip that below. You're going to be doing five pips below because you got to factor in the spread. If you're looking for this level to get in, ideally
226 00:44:58 --> 00:45:12 it's the lowest easy objective for a premium array, you will be five pips below that price level. So it would be at 3.8 cents do that
227 00:45:22 --> 00:45:42 I could just as easily just type that out right at 3.8 So that would be your entry limit Okay, now using this once you have the the range looking for for
228 00:45:42 --> 00:45:50 optimal trade entry your entry for limit purposes because you want to sell a little bit early because the spread has to be incorporated. We're using five PIP
229 00:45:50 --> 00:46:02 spread and we're allowing for this much movement here. Now if you're entering with the premium array when bearish after it's ran up into all the factors that
230 00:46:02 --> 00:46:12 I went through from top down you're going to use a 25 pip stop loss it'll be a 50 pip stop loss if you use the alternative entry which I'll show you again in a
231 00:46:12 --> 00:46:23 second. So 25 pips 43 So 10 would be 93 103 So 108.9.
232 00:46:57 --> 00:47:11 Alright, so that would be your risk on trade. There, okay. So you can take this off we have framed the idea here
233 00:47:16 --> 00:47:33 that is the risk during the London Open kill zone entry. And what we're going to do now and again, this will all be done before the price even trades up your
234 00:47:33 --> 00:47:44 wall. It's all doing this okay. Now you're gonna take the Asian range and do standard deviations to the downside. You're gonna get both measurements you're
235 00:47:44 --> 00:47:54 going to get the wick to tail and you're also going to do 100 pips so this is your entry at
236 00:48:00 --> 00:48:01 that level there
237 00:48:05 --> 00:48:17 so e 2.8 3.8 in it should be
238 00:48:33 --> 00:48:34 100 pips
239 00:48:36 --> 00:48:39 okay? That's the range
240 00:48:40 --> 00:48:45 that we're looking for, for best case scenario on this model
241 00:48:51 --> 00:49:03 Okay, so 100 pips from entry. This is the rejection block, and when that dashed line from the weekly and notice how it reaches into that old rejection block
242 00:49:03 --> 00:49:16 with 100 pips right there, that by itself, my friends and neighbors is very, very tight in terms of clustering. If we look at the price level here at six
243 00:49:16 --> 00:49:32 even and it's at 3.8. Now here, that's the love is that less than five pips? Yes, it is friends and neighbors. So now we're gonna go into this measurement on
244 00:49:32 --> 00:49:36 the bodies of the candle the highest close
245 00:49:37 --> 00:49:58 or opening to the lowest open you're close. Okay, this one double check the closing that candle 679 open here, seven nine. Open to seven nine close 679
246 00:49:59 --> 00:50:02 cases. The actual range now we can go back out
247 00:50:04 --> 00:50:16 and see if there's any standard deviation that lines up closest to at 100% projection in terms of the model and a standard deviation to it within five pips
248 00:50:21 --> 00:50:23 Alright, so we have
249 00:50:30 --> 00:50:43 1.0891 That one is just in my mind will not it's not that good because it's over five pips, we have the rejection block, which by nature is what we look for to
250 00:50:43 --> 00:50:51 trade through that. So what are we doing, we're expecting it to trade down below the rejection block. So what will be the next standard deviation below the
251 00:50:51 --> 00:51:00 rejection block with volatility being should be in the direction of our weekly expansion. We're looking for a trade lower, we're not trying to limit the weekly
252 00:51:00 --> 00:51:14 range to 100 pips, we're we're anticipating a target that all these things that I've taught you align with. The next objective would be 1.0881 and a half. So
253 00:51:14 --> 00:51:16 that level there
254 00:51:23 --> 00:51:29 we'll use that as our objective. And we'll change that to nationally.
255 00:51:30 --> 00:51:47 Okay, and I'll pick him up because I want it to be much more pronounced versus this rejection block. Now let's go back out to a 15 minute timeframe so we have
256 00:51:53 --> 00:52:07 price trading into that level here on the sixth, so Tuesday's trading, Wednesday's trading the trades into it there.
257 00:52:10 --> 00:52:11 And the rest of the week,
258 00:52:13 --> 00:52:32 we consolidate and then once more Dale in here. So we have 100 pips from entry here clustered with a standard deviation negative nine. So this particular day
259 00:52:32 --> 00:52:47 right there, you're getting your 100 pips on that move. Now, you're going to aim for this, obviously, but your target feels sooner. Because the model says once
260 00:52:47 --> 00:53:01 you get 100 pips, you're out. You're done. Does it move much more than 100 pips from your entry up here? No. So you're going to lose sleep over that. I
261 00:53:01 --> 00:53:13 wouldn't. Now if we look at that in terms of the day of the week, here's Tuesday, Wednesday and you'd have to be out of the market on Thursday at New
262 00:53:13 --> 00:53:19 York open and went a little bit lower there that day but and they had this reversal and it was before
263 00:53:21 --> 00:53:24 New York open see that. So
264 00:53:25 --> 00:53:33 let's go back over here. And let's assume for a moment that you either missed this entry up here
265 00:53:38 --> 00:53:49 or you want to use this model I'm showing you here which is a European Open so there's midnight so now we're going to use two o'clock in the morning there's
266 00:53:49 --> 00:53:51 two o'clock in the morning the opening price
267 00:53:58 --> 00:54:08 I'll just use this one because we're already done with it. opening price there so two o'clock the morning opening price. You want to be a seller above that
268 00:54:08 --> 00:54:21 opening price, but you have to be a short seller want to stop
269 00:54:28 --> 00:54:29 one pip
270 00:54:32 --> 00:54:33 below
271 00:54:34 --> 00:54:36 the Asian Asian range
272 00:54:44 --> 00:54:45 like I sound effects
273 00:54:48 --> 00:54:49 alright so we have
274 00:54:57 --> 00:55:00 to midnight midnight. I'm sorry midnight to you o'clock
275 00:55:05 --> 00:55:06 Asian range low
276 00:55:09 --> 00:55:10 right there
277 00:55:19 --> 00:55:36 at two o'clock in the morning right there, your order cannot go in to sell on a stop until after two o'clock in the morning. So after two o'clock in the
278 00:55:36 --> 00:55:53 morning, you're looking for the market to create a short term rally, which we're getting here. So once it starts to rally, and it trades above the Asian range
279 00:55:53 --> 00:56:09 high over here. Once that occurs, we're having what market protection or Judas swing. So you may be fearful, how far can it go, I don't want to get into it and
280 00:56:09 --> 00:56:17 it stops me out. Okay, like if you don't trust this part of it, which is, in my mind, a better way of doing it. But I understand some of you want confirmation.
281 00:56:17 --> 00:56:28 So after two o'clock in the morning, you're waiting for a rally to take out the Asian range high. Once it does that, after two o'clock, this is the time window
282 00:56:28 --> 00:56:40 element. So time is important here. You're looking at it two o'clock, you're gonna wait does it start to rally above the Asian range high. I don't have the
283 00:56:40 --> 00:56:53 Asian range high in here. But you obviously know it's above the Asian range low. So it starts to rally. So right away, we can then put a sell stop one pip below
284 00:56:53 --> 00:57:02 the Asian range low. Now if you're going to use this as your entry technique, there's nothing wrong with it, because you're actually you're selling weakness.
285 00:57:03 --> 00:57:08 Once the move has already established the intraday high. So we're gonna see that so
286 00:57:10 --> 00:57:13 let's make sure first, it should be 64 and a half.
287 00:57:14 --> 00:57:26 That would be your entry, I'm gonna stop right there. So below the Asian range low. So you're not trying to guess how far it's gonna go up, you don't care. But
288 00:57:26 --> 00:57:33 should your stop be filled. You have to use a 50 pip stop loss.
289 00:57:35 --> 00:57:40 So you'd get in on there. And then you would
290 00:57:46 --> 00:57:57 1020 3040 55
291 00:57:57 --> 00:58:05 Right there. There's your 50 pitstop boss. So you're selling short scratches as you can get to the visual what's actually occurring here.
292 00:58:07 --> 00:58:08 They haven't lost yet.
293 00:58:09 --> 00:58:18 It's rallying at two o'clock in the morning, you're waiting for it to rally once you take out the Asian range high. And let me just put that in now because it'll
294 00:58:18 --> 00:58:34 make better sense now that I have a dress to like this once you do this on your own charts, it'll be much more meaningful to you. Because you'll be able to put
295 00:58:34 --> 00:58:49 the price action axis and time you put the charts the way you look nicer, nicer to you. Instead of how I have it, I know what I'm looking for. And this might
296 00:58:49 --> 00:59:00 not be so aesthetically pleasing to you at the moment, but I promise in a second it would be nice in the Asian range high. Here after two o'clock, you're here,
297 00:59:00 --> 00:59:10 you're waiting for it to rally above the Asian range high once it does that you're putting a stop on the to sell stop as the entry. So you're not really
298 00:59:10 --> 00:59:17 buying anything and putting yourself out below to protect anything. You're placing a sell stop at that price level. Once this Asian range high is taken
299 00:59:17 --> 00:59:28 out. Once it trades above it, it's it so you have to wait. Post two o'clock in the morning here. Asian range highs taken out you can put a sell stop down here.
300 00:59:28 --> 00:59:34 And that way you don't have to guess how far it's going to go up. And it'll only put you in once it starts to go down. Once it breaks the Asian range low, which
301 00:59:34 --> 00:59:46 it does here. You have 50 pips stop loss, you're filled right on that candle right here. Where you should be in that scene. See the lows on that? 62.3 You
302 00:59:46 --> 00:59:57 should I mean depend on what your broker is. If they're fickle, they may not fill you there. But you get filled here for sure. And once that fill is done,
303 00:59:57 --> 01:00:07 even if you got filled here, you're not even getting here. From the stock exposure with this retrace in higher it's spend some time in here, but you're
304 01:00:07 --> 01:00:18 sleeping, you want to put your order in, you put your stop in, and your limit order in, down here at 100 pips, you're done. You just let it do what it's gonna
305 01:00:18 --> 01:00:31 do, it's either gonna stop you out, or it's gonna hit your objective down here. Now, you can put two orders in, you can put one short on a stop selling at one
306 01:00:31 --> 01:00:55 or 965 Four with a stop loss up to 110 14 Four. So that would be your, your 5050 pips stop loss teasing. And then what that one contract or lots thinner lot,
307 01:00:55 --> 01:01:06 whatever your trading mini micro whatever would come off at 100 pips in the second order. So you place two orders because this model is calling for your
308 01:01:06 --> 01:01:18 second order you're getting out at 50 pips. So you're going to take 50 pips off on one of the standard lot, microlab mini lot, whatever it is you you're using,
309 01:01:18 --> 01:01:36 and then you're holding the second one until it gets down to hopefully 100 pips. So both of them would have been filled. And you can see, this was the result. So
310 01:01:36 --> 01:01:46 it fills you here, you've never you've made it to Thursday, but had it not filled it on this drop down, you would have happened here, it wouldn't have
311 01:01:46 --> 01:01:55 happened at all, say it consolidated longer. You have been filled here on Thursday, early morning before New York open, and you never would have suffered
312 01:01:55 --> 01:02:10 any of that drawdown back into and maybe even stopping you out. Now, once you move 25 The way you do your stop losses real easy to remember this, by the way,
313 01:02:10 --> 01:02:25 my stop loss protocol managing the trailing stop loss is 2550 75. Okay, it's 25% of what you expect to see in profit. If it starts to see that link right here,
314 01:02:25 --> 01:02:40 your stop loss can drop 25%. If it drops down in your favor, and you making 50% of your expected profit objective, your stop loss drops 50%. And then once it
315 01:02:40 --> 01:02:49 drops to 75% of what you're expected to making your profit, your stop has to be at breakeven. It never ever, ever comes close to breakeven. But that's the
316 01:02:49 --> 01:03:00 protocol for stop loss management. Okay. So I've literally taken you through model number two, I broke down how you could have applied it to this actual
317 01:03:00 --> 01:03:15 event, we call your lower, I gave you a very specific element of entering on the fifth based on the fourths commentary, this movement up in here that was that
318 01:03:15 --> 01:03:17 hourly imbalance, let's go back up to the hourly
319 01:03:19 --> 01:03:20 in this one will be done.
320 01:03:38 --> 01:03:51 Right here, go back and listen to the commentary. On the fourth, and you'll see me refer to how on the 15 minute time frame, I believe it's what I was looking
321 01:03:51 --> 01:04:04 at. I said that we're likely to go up into that, and it's based on the hourly. So one of the things that I know some of you want me to do is be highly, highly,
322 01:04:04 --> 01:04:13 highly detailed about everything. And why I'm outlining it. The reason why I'm not doing so much of that, when I'm giving the commentary number one, the videos
323 01:04:13 --> 01:04:23 will be very, very long. And two, there are some of you in here that are just be basically parroting what I'm saying because you're selling my analysis as your
324 01:04:23 --> 01:04:33 own. So I'm not providing you all of that stuff to make you look even better. And then some of you might not like that you aren't doing that. But you're like,
325 01:04:33 --> 01:04:40 oh, but you're you're keeping it from us. I'm not getting anything from you. These are the things you're supposed to be doing. Anyway, I promised in the
326 01:04:40 --> 01:04:48 commentaries that I was going to point to where the markets likely to go, I hinted where it likely could draw up into or jump down into the setup another
327 01:04:48 --> 01:04:57 setup to go where I'm pointing to. So I'm already doing all the legwork for you. It's your job to go in and do the things like I just did here using model number
328 01:04:57 --> 01:05:10 two. Okay, so hopefully this is and insightful to you. And until I talk to you in model number three. I can't really say that. I mean, think about, I'm going
329 01:05:10 --> 01:05:22 to be doing each one of these once a month. So the next one we'll do, we'll do it the second Saturday of May. Okay, so the second Saturday of May.
330 01:05:24 --> 01:05:26 Let's look at that, what that will be here
331 01:05:28 --> 01:05:42 may Saturday, the 14th of May that will be when I do Model Number three's algorithm. Lecture. Okay, so I literally walked you through the components, what
332 01:05:42 --> 01:05:50 you're doing, what it looks like, why you're, why are you doing it this way? What are you looking for step by step taking you right into the chart. It
333 01:05:50 --> 01:06:03 absolutely works. It's very, very precise. It's right out of what I explained. And it's, it was explained years ago. So I there's been some delay, notice that
334 01:06:04 --> 01:06:12 it ain't like oh, well, you know, we're going to find something that works. Now, I just told you something this Monday. And if this would have been your
335 01:06:12 --> 01:06:21 approach, if you will be a short term trader, you don't have to be in front of charts, the whole time monitoring babysitting it. You can apply something like
336 01:06:21 --> 01:06:30 this. And it doesn't have to be just this you can tweak it and fine tune it with other things that you have grown accustomed to liking and drawn affinity for
337 01:06:31 --> 01:06:43 with other tools and other approaches and what you're looking for for targets and such. And basically make it your own. So this was my submission for model
338 01:06:43 --> 01:06:50 number two, for algorithmic theory, and actually taking them to the chart and that's what we'll do. Only do model number three.