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ICT Charter PAM 5 - Day Trading - Intraday Volatility Expansions

Last modified by Drunk Monkey on 2024-01-17 15:39

Outline

00:09 - Intraday trading model using session swings.

- ICT outlines a day trading model using intraday volatility expansions, focusing on the British Pound.
- ICT teaches 12 models for intraday trading, with a focus on London and New York sessions.
- Models are designed to help traders build a foundation for understanding price action and their own trading preferences.

05:49 - Technical analysis of the British pound vs US dollar.

- ICT highlights rejection block on equal lows, emphasizing long-term liquidity pool sell stops.
- ICT emphasizes the importance of not overthinking technical analysis, especially when it comes to specific levels of support and resistance.
- ICT highlights the potential for smaller-term trades to occur even if the weekly range doesn't turn out as anticipated.

10:22 - Day trading strategies using daily chart analysis.

- ICT anticipates bullish scenarios in day trading by targeting a rejection block above market price or equal highs on the daily chart.
- In bearish scenarios, ICT targets equal lows on the daily chart or an intraday equal low, with a sell stop liquidity progressing below 132 06.
- The daily chart will highlight the most probable direction and liquidity, and the daily range expansion will be in the same direction as the daily draw.
- The London and New York sessions will move in the same direction as the daily draw, with buy setups and expansion objectives found higher using standard deviations with intraday volatility concepts.

15:55 - Using price action models for trading.

- ICT emphasizes the importance of identifying clear and discernible trading ranges, particularly between 4pm and 8pm New York time, for central bank dealers range and Asian range considerations.
- Ideal range for central bank dealers range is 15 pips or more, while for Asian range it's 20 pips or more, with a preference for ranges less than 40 pips.
- Focus on periods with directional bias, targeting specific times of day with volatility expansions.

21:07 - Technical analysis and trading strategies.

- ICT identifies potential down move to 130 50s, but may miss it if it reverses (132 06 liquidity pool has been dipped into and exhausted)
- Tuesday's candle may create a near-term pause or reversal if it trades up to an equal high (130 50s)
- Cable trader identifies potential reversal signal in Dollar Index.
- ICT emphasizes the importance of using the 15-minute time frame for analysis, citing consistency and accuracy in his trading.
- ICT believes that understanding HIPAA and standard deviations requires a deep dive into the 15-minute time frame, as it provides the most valuable insights.

28:26 - Using Fibonacci levels for trading.

- ICT is looking to trade Tuesday, focusing on the London open for entry and exit, as it's a good day for creating a high.
- Using the Fibonacci expansion tool, ICT will identify conferences and create a central bank dealers range, with expansion levels up to deviation level 4.
- ICT teaches traders to use entry techniques based on opening prices, particularly the opening price at midnight in New York.
- ICT warns that if traders are too precise in their entries, their broker may dump them, as they are not considered professional traders.

33:29 - Trading strategies and consistency.

- ICT advises against being too consistent in trading, as it can lead to being tracked and flagged by brokers.
- ICT uses inconsistent trading times and entry/exit points to avoid being reverse-engineered by followers.
- Trader advises to mask intentions and show inconsistency to avoid being predictable and stay in the retail world.
- Trader uses deviation numbers and flower range to analyze levels for central bank dealers range on Wednesday, with a standard deviation of three and a gap between standard deviation one and three.

39:13 - Trading strategies using standard deviations and liquidity.

- Trader identifies potential sell opportunities in the Dollar Index and Cable, using horizontal levels and order block analysis.
- Trader identifies high-probability intraday turning points using time of day and standard deviation analysis.

44:27 - Algorithmic trading and market analysis.

- ICT emphasizes the importance of understanding standard deviations in trading.
- ICT (John) discovered a pattern in the market that unlocked his ability to predict price action with accuracy.
- ICT (John) believes that an artificial intelligence program could manipulate and control price if it had access to the necessary data and algorithms.

49:09 - Using standard deviations for trading with a focus on confluence.

- ICT believes that the market's behavior is not intelligent and is driven by liquidity, which can be identified by analyzing the last 20 days of price action.
- ICT emphasizes the importance of not sharing any charts or information related to the strategy, and only sharing it in the designated forum.
- ICT identifies overlapping deviations to predict daily highs and lows, with a focus on the 132.06 level.
- Analyze daily standard deviations for central pillars and Asian ranges to identify confluence opportunities.

Transcription

1 00:00:09 --> 00:00:19 ICT: Okay folks, welcome back. We are looking at price action model number five is the session day trading model and we're gonna be specifically dealing with
2 00:00:19 --> 00:00:21 intraday volatility expansions
3 00:00:29 --> 00:00:39 Okay, so day trading intraday volatility expansions, this model is going to be dealing with the stage being higher timeframe liquidity drawls that means we're
4 00:00:39 --> 00:00:49 going to be focusing on a directional bias. Our setup is going to be intraday volatility expansions. And the pattern we're using is session swings with the
5 00:00:49 --> 00:01:04 utilization of power three. Okay, so, for internalization of this model, this is what I want you to see, because this is what I saw going into this week, we just
6 00:01:04 --> 00:01:18 completed, you'll see obviously, some more details explained in our market review on the following week's Monday. So we're looking at the British pound,
7 00:01:18 --> 00:01:31 okay, so the pound. And my expectation is that we're going to be trying to draw down into that 130 54 130 55 in that area, maybe 130 50, relative to the daily
8 00:01:31 --> 00:01:42 chart. Now, if you've been following all this time, through our market reviews, and our weekly commentary, you've been well informed in terms of where I thought
9 00:01:42 --> 00:01:54 that British Pound would drop down to. So that's our long term daily, interbank liquidity draw, okay, so where prices ultimately seeking to go, that's where my
10 00:01:54 --> 00:02:06 focus has been leading us all in terms of a collective whole in terms of anticipating where the direction of the prices going for cable. But we're going
11 00:02:06 --> 00:02:22 to be looking at the effects and influences of other areas of liquidity, and how that is going to deter and create new opportunities. Okay, so this model is
12 00:02:22 --> 00:02:31 going to be flexible in terms of trading the intraday sessions, it's not so much that it's trading, the daily range itself in its entirety, or that we're trying
13 00:02:31 --> 00:02:41 to trade the entire weekly range, which will be outside the scope of this model. What I'm trying to teach is there's a framework in which you can use to trade
14 00:02:41 --> 00:02:50 the individual trading sessions, that is an example, the London Open kill zone, the New York open kill zone, okay, primarily, there's two, that you can
15 00:02:50 --> 00:02:59 obviously use these with the Asian session, if you want to trade that for North American traders did not have access to intraday trading, or can't get up early
16 00:02:59 --> 00:03:09 enough to trade London because of their day job. But the strength of this model is primarily in the London and New York session, okay, so just know that going
17 00:03:09 --> 00:03:21 in, you're not going to get as good a result, even in your back testing, if you try to trade outside of those parameters, okay, now, the model itself is not day
18 00:03:21 --> 00:03:35 specific. But from a kind of like showing you my cards type thing. I prefer to trade this on Monday, Tuesday, or Wednesday. Okay, now, obviously, that's the
19 00:03:35 --> 00:03:45 I'm gonna give you an example, this session. There's a reason why I elected not to hold for the weekly range this week. And you'll see some of these
20 00:03:46 --> 00:03:56 characteristics as to why. And it's also meant to help you fill in some gaps along the way with your other models that we've already shared. And for future
21 00:03:56 --> 00:04:06 trading models that we're gonna be teaching. I got a question before I go any further? Am I only gonna be teaching 12 models? No, you're gonna get a lot more
22 00:04:06 --> 00:04:14 information. As we continue every year, I'm gonna have more content, and more things to build your understanding. So we're not just limiting our first
23 00:04:14 --> 00:04:24 perspective, if you will, to just 12 models. There's a litany of different approaches you can use once you understand price action, and just a handful of
24 00:04:24 --> 00:04:33 the things I've taught you in the mentorship. You can do a lot of wonderful things in terms of building your model. Again, I've got emails from folks that
25 00:04:33 --> 00:04:40 already came to the conclusion that they've already seen their model so far, and they're running with it. And that's great. You know, I promised that was
26 00:04:40 --> 00:04:48 probably going to happen for some of you. And for others, it won't probably happen, okay. And don't let that frustrate you. Because if it's happening right
27 00:04:48 --> 00:04:59 now and you feel that frustration, you're not submitting to the process, okay, you have to go through the entire 12 models. I promise you even if you don't
28 00:04:59 --> 00:05:10 elect to use One of the specific models, they will give you a foundation or a framework to advance to eventually getting to your own, okay? The models I'm
29 00:05:10 --> 00:05:20 choosing are not sporadic, they're not by chance, okay? These are models that will help you springboard into a better understanding about price action, better
30 00:05:20 --> 00:05:29 understanding about you as the trader, and where you want to be focusing in it. And more details about some of the things that were taught in the mentorship.
31 00:05:29 --> 00:05:39 Okay, so it's kinda like a comprehensive, like, here's what we're going to do with all this information, basically. Alright, so this model, again, I'm
32 00:05:39 --> 00:05:48 focusing primarily on looking for session intraday trading. Now, I'm not trying to trade the entire daily range, I'm looking for a move in London, or a move in
33 00:05:48 --> 00:05:59 New York. That's it. The framework on this, if we look at this chart here, and we were only given this on this much information, if you will, obviously, I
34 00:05:59 --> 00:06:09 don't have the chart zoomed out. But for the benefit of those that have been following the live sessions, you know, why that 130 54 130 45 level would be
35 00:06:09 --> 00:06:21 indicated. In fact, just tell you what it is, it's the rejection block on the equal lows that we have been looking at. And then we have ourselves up liquidity
36 00:06:21 --> 00:06:30 pool resting below that. Okay, so we also have a mid figure level, that would be consideration down there as well, which would be 130 50. But I'm reluctant to
37 00:06:30 --> 00:06:38 use that 130 54. That has been always for months. Now. The level I have personally been looking at in my own charts, but I've been drawing everyone's
38 00:06:38 --> 00:06:50 attention to those equal lows for liquidity pool of sell stops. Okay, so nonetheless, don't get distracted by a couple number of pips. Okay. The whole
39 00:06:50 --> 00:07:05 context is where we are presently. And where that level is, whether it was 130 5130 55 or 130 40, even, okay, it doesn't matter, because that's still a
40 00:07:05 --> 00:07:14 drop in liquidity. That's such a long term. I get emails asking me, you know, why, if I'm looking at the daily chart, I'm off by five or six pips and you're
41 00:07:14 --> 00:07:22 getting concerned about that. That's nothing to get concerned about. Absolutely no reason to get concerned about that. In fact, that's normal. Everyone's data
42 00:07:22 --> 00:07:31 is only slightly skewed. And it's something that's reasonable. Okay. So don't don't think that you have to have the exact dialed in level that I'm
43 00:07:31 --> 00:07:38 anticipating, okay, because we're all going to think differently, we're all going to see things some degree differently, even though we've gone through the
44 00:07:38 --> 00:07:51 mentorship together, collectively, there's always going to be this deviation from what the mean is, okay, in other words, if I think that the normal would be
45 00:07:51 --> 00:08:03 a range of 10 pips, it's not unheard of to anticipate a large number of you looking at 15 pips or 12 pips outside of that scope. And overall, that's not
46 00:08:03 --> 00:08:12 going to break anything. Okay. So don't, don't try to split hairs. Okay, when I mentioned things that are very highly specific, and do this and only do it this
47 00:08:12 --> 00:08:24 way, focus like that. But if I haven't said that about anything, or the things you're very concerned about, then don't Okay, because you're just adding more
48 00:08:24 --> 00:08:33 stress and anxiety that's not needed. Okay. All right. So we're looking at a daily chart, this is the British pound versus the US dollar. And I have the
49 00:08:33 --> 00:08:44 information noted here, that is of importance. The next daily range, okay, what's been shown here is up to the Monday of the current president week of this
50 00:08:44 --> 00:08:55 presentation. And the anticipation is we're going to be looking for a drop down into that 130 54 level, it's what I was looking for specifically. But we can't
51 00:08:56 --> 00:09:10 ignore that previous low at 132 06. Okay, so what's gonna be resting below that? 132 06 level, sell stops, okay, in the form of breakout artists that want to
52 00:09:10 --> 00:09:21 sell short, if it breaks down, or those that have went long, and had that ride up to around 134 50 ish or whatever, then had to sit through this drawdown.
53 00:09:22 --> 00:09:34 Their cell stops are resting below that 132 06 level. So we have a liquidity pool resting below there. Okay, so there's a draw on liquidity on the very near
54 00:09:34 --> 00:09:48 term at 132 06 or below it, okay? So be mindful that even though I draw attention to the daily chart, many times you kind of keeping you in line with
55 00:09:48 --> 00:10:02 the interbank perspective. Don't lose sight that there's going to always be the smaller periods at which the market can turn now It doesn't have to imply a
56 00:10:02 --> 00:10:12 complete and utter reversal. It just many times will create opportunities for new short term intraday trades, okay? And many times you can change the weekly
57 00:10:12 --> 00:10:20 range to something other than what I had anticipated. Okay, so we're gonna build on this information as we go.
58 00:10:22 --> 00:10:31 Alright, so again, day trading the intraday volatility expansions. And when we're looking for bullish scenarios, what we're anticipating is the opening in
59 00:10:31 --> 00:10:41 this perspective, and this is kind of like an internal dialogue and how I visualize it, the range here is only delineating what would be seen as a
60 00:10:41 --> 00:10:51 session. Okay, so we encapsulated the entire London session or the New York session from the beginning point at the kill zone, and when the kill zone ends,
61 00:10:51 --> 00:11:04 that would be what I'm internalizing in terms of these crude depictions of a candle. Okay. So if it's the daily range and or session range, okay, ideally
62 00:11:04 --> 00:11:14 we're going to be looking for a bullish range if we're trying to buy and we would anticipate that same scope in terms of upside expansion on the London kill
63 00:11:14 --> 00:11:28 zone and or the New York kill zone, okay, targeting a rejection block above market price, a bicep liquidity pool or equal highs on daily now, because it
64 00:11:28 --> 00:11:40 says on the daily here, don't lose sight that we could also be looking for intraday or intra week equal highs, okay. So that may be a PDA that may be of
65 00:11:40 --> 00:11:49 importance, okay, why the market should expand up to that price point. Everything obviously has been reversed here for when the markets bearish and we
66 00:11:49 --> 00:12:01 have a anticipation for the daily range and or session range. Okay, being bearish, we will be targeting equal lows on the daily and or an intraday equal
67 00:12:01 --> 00:12:12 low. Okay, or cells that liquidity pool that either is on the daily. Now, if you remember before I changed the slide, I was showing you that 132 06 level that
68 00:12:12 --> 00:12:23 would be in this case here. Looking at the bearish scenario here, we have a sell stop liquidity progressing below 132 06. And then obviously, as we push lower,
69 00:12:23 --> 00:12:36 our rejection block also could be a catalyst for a discount array. Okay, now the logic behind this is that I kind of like want to build your understanding of why
70 00:12:36 --> 00:12:45 we're even considering this model at all. You're also going to find that this model actually complements a lot of other models that you'll learn in ones that
71 00:12:45 --> 00:12:54 have already been taught to you and also help you fill in some gaps as it relates to standard deviations when to use to flout when they use the central
72 00:12:54 --> 00:13:05 bank dealers range and or deviation range for deviations. Alright, so the logic behind this is the daily chart will highlight the most probable drawl and
73 00:13:05 --> 00:13:16 liquidity again, it's where directional premise comes in, okay, or bias. This is where price is most apt to trade to an over the near term horizon that is now
74 00:13:16 --> 00:13:26 using this directional bias, we can anticipate the daily ranges expanding in that same direction. Now if the draw is below current price of the market right
75 00:13:26 --> 00:13:34 now, the daily ranges will open near the high and close near the low now but it's important to understand that because we're day trading our session trading
76 00:13:34 --> 00:13:45 inside intraday price action, we do not require the close on the daily reins to be down on a closing basis, if you will, to find profitable setups. In other
77 00:13:45 --> 00:13:56 words, all we're looking for is the expansion in the direction of the daily move that we anticipate seeing based on and linked to the daily draw. Okay, so
78 00:13:56 --> 00:14:07 whatever those equal lows are where we think institutional price is being pushed, okay, all those heavy flows that we'd like to trade behind or get to get
79 00:14:07 --> 00:14:16 on the backup. We're trying to trade in that same direction but we're anticipating the intraday moves in that same capacity not just holding for the
80 00:14:16 --> 00:14:30 daily range but we're trading intraday price moves per session on an open New York open, okay. Again, it's important we do not require the close to be on a
81 00:14:30 --> 00:14:41 closing basis lower than the opening or near the low to find profitable setups. Now obviously, everything I said here is reverse when we're referring to periods
82 00:14:41 --> 00:14:54 when the draw is above current market price. Okay, continuing on with the logic behind this model, the daily range expansion, okay, referring to the daily chart
83 00:14:54 --> 00:15:03 and candle itself will be in the same direction of the daily draw. Okay, so where we think institutional order flow is a leading price. Okay, we're going to
84 00:15:03 --> 00:15:13 be anticipating the daily ranges collectively not every single day is it going to do this obviously, but over a large sample size of data, we'll see primarily
85 00:15:13 --> 00:15:21 the biggest range and expansions will be in that direction. Okay, that's what I'm referring to here. This aids in anticipation and expecting the intraday
86 00:15:21 --> 00:15:32 session volatility each day. Now, if the draw is above the current market price, we expect daily ranges to expand higher and with this, we expect the London and
87 00:15:32 --> 00:15:43 or New York sessions to move in that fashion. We would look for buy setups and expansion objectives found higher by using standard deviations with intraday
88 00:15:43 --> 00:15:57 volatility concepts. The reverse is said for periods where the daily draw is below current market price. When you're looking at the Central Bank dealers
89 00:15:57 --> 00:16:08 range, the ideal consideration is when the range between 4pm in New York time and 8pm in New York Time is found to be a clear discernible trading range, not
90 00:16:08 --> 00:16:21 trending. Okay. What do I mean by that? If we've had a early afternoon consolidation say, around 10 o'clock in the morning, price has stalled. It's
91 00:16:21 --> 00:16:33 been going up looks like a trending move or trending day, then consolidated and didn't go any higher. Then if we start seeing expansion between these time
92 00:16:33 --> 00:16:45 periods between 4pm and 8pm, New York time, then it's probably not a good idea to use a central bank dealers range, okay. The ideal range of pips is above 15
93 00:16:45 --> 00:16:55 pips to be considered. Okay, so if the range is less than 15 pips do not use central bank dealers range for expansion objectives, and I'll explain as we go
94 00:16:55 --> 00:17:07 and why that's important. The Asian range count. Again, the ideal consideration is when the range between 8pm New York time and midnight New York Time is found
95 00:17:07 --> 00:17:15 to be an unclear discernible trading range again, same situation in terms of defining what is it that makes it a range and not trending was mentioned in the
96 00:17:15 --> 00:17:29 central bank dealers range portion just a moment ago, the ideal range of pips is 20 plus pips to be considered. Okay, and I'll say it again. When using the Asian
97 00:17:29 --> 00:17:42 range, the ideal range of the Asian range for consideration is 20 pips or more. Now, we don't like to use it when it's more than 40 pips, if it's more than 40
98 00:17:42 --> 00:17:51 pips, then you know, when the next slide we'll use that information there too. But in terms of considering the Asian range, ideal scenarios are it's got to be
99 00:17:51 --> 00:18:02 greater than 20 pips. Okay. So if the range is less than 20 pips do not use the Asian range for expansion objectives elect to use to flout alright without
100 00:18:02 --> 00:18:12 count, ideal consideration is when the range on both the central ideals range and or the Asian range are not favorable. We've already went over those
101 00:18:12 --> 00:18:22 parameters. So what leads it not to be available consideration, the ideal range of pips is not limited, as we will use to 4pm Eastern Time, or 4pm, New York
102 00:18:22 --> 00:18:34 Time to midnight, New York time range and expand on this range in multiples of 50% increments in for that, basically, you gotta go back into mentorship and see
103 00:18:34 --> 00:18:49 what I mean by that. Not reteaching flow here, okay. All right, the previous day, and intraday, open float implementation of the standard deviations in
104 00:18:50 --> 00:18:59 intraday volatility expansion levels should be coupled with logical levels of short term liquidity pools, that is to say expansion levels that overlap with
105 00:18:59 --> 00:19:10 previous day's highs or lows, and previous intraday high or low. That could be in the form of intra week or the same trading day you're looking at right now.
106 00:19:10 --> 00:19:20 Okay, perfect example would be looking at London's high and low when trading the New York session of the same trading day. When you consider these, you'll find
107 00:19:20 --> 00:19:34 it they have more probability of finding success and accuracy confluences of open float time and standard deviation expansions. The goal of this model is to
108 00:19:34 --> 00:19:43 focus on periods where a directional bias can be derived and targeting specific times of the day, where price will likely experience volatility expansions in
109 00:19:43 --> 00:19:55 the same direction. Blending liquidity markers with time of day and standard deviations. In in today, volatility expansions is the framework of this price
110 00:19:55 --> 00:20:08 action model strength Okay, so going back to our example, showing you how to use this specific model, I'm taking a great deal of liberty.
111 00:20:10 --> 00:20:20 When doing this model that you understand how you're going to select your entry pattern, okay, your specific entry technique. Now that could be optimal trade
112 00:20:20 --> 00:20:29 entry, it could be turtle soup, it could be trading fair value gaps, it could be trading in the breakers, it could be trading, standard or block theory, trading
113 00:20:29 --> 00:20:39 above the opening price when selling short, or buying below the opening price when trying to go along. Any one of those models, okay, is like plug and play
114 00:20:39 --> 00:20:52 for this model. You don't have to have any one specific one. So if I failed to mention a specific criteria for entry, don't think that your approach would not
115 00:20:52 --> 00:21:02 fit in this model, you're going to find that this model is actually teaching you more about intraday volatility and daily highs and lows and weekly highs and
116 00:21:02 --> 00:21:11 lows that's kind of like I'm building on that model than anything else. Because with this insight, you can use a lot of the other models that you've been
117 00:21:11 --> 00:21:20 taught, and once it's been taught in the future, to really complement it. So again, we're back on a daily chart here resumed in the premises, we have
118 00:21:20 --> 00:21:30 identified that previous low 13206 pound versus dollar. And next trading data hasn't painted on a daily chart would be Tuesday. So we have day of week
119 00:21:30 --> 00:21:42 phenomenon. Okay. So even though this could potentially be a barnburner of a down move for the week, or the weekly range being exceedingly lower, I'm not
120 00:21:42 --> 00:21:53 considering that because I may just get a run down to that 132 06 Level One liquidity below that and may just consolidate or it can reverse. Okay, so we
121 00:21:53 --> 00:22:04 have to be mindful that and I want to be taking trades on Tuesday in the London session. That would lead to potentially a run down that at 130 to six, but I am
122 00:22:04 --> 00:22:15 completely comfortable with missing the move at 130 50 or 130 54 in this case, because the model focuses primarily on scalping intraday sessions. Okay, so
123 00:22:15 --> 00:22:26 again, I'm not trying to teach you to be in all models or trying to be a swing trader or short term trader when your psyche is really aimed at being a intraday
124 00:22:26 --> 00:22:38 trader or scalper. Okay, so we see here on Tuesday, the candle itself opens, it trades up a little bit goes back into the bearish order block, which is the
125 00:22:39 --> 00:22:49 third candle to the left of Tuesday's candle, up close candle that's a bearish order block, trades up into that Karina Judas swing, and then the expansion of
126 00:22:49 --> 00:23:04 the downside. Notice that we dropped under the old low. Okay, so 132 06, that liquidity pool has been dipped into it has been exhausted. Now, I don't know if
127 00:23:04 --> 00:23:16 it's going to continuously move lower down to 130 50s. I don't know that. I don't know that for certain, especially if there is a opposing view in the
128 00:23:16 --> 00:23:23 dollar index. Now, obviously, with the benefit of those individuals who have been following along in my weekly commentary, you know, that we have been
129 00:23:23 --> 00:23:32 following. There's been an equal high that we've been targeting for bicep liquidity. And I mentioned that that's something we have to be mindful of. So if
130 00:23:32 --> 00:23:41 it trades up to that level, okay, and we'll find specifics about that in a couple minutes. When we get to that slide. That may be a catalyst that creates a
131 00:23:41 --> 00:23:53 near term, pause or reversal and 130 50s don't have to be traded yet. Okay. So you have to be mindful. I also mentioned last week's commentary that we're
132 00:23:53 --> 00:24:03 entering a period where cable itself could see something in terms of bullishness and weakness in the dollar in terms of seasonal tendencies. So that's the reason
133 00:24:03 --> 00:24:13 why I used this model. And if you look at the trade I showed on Twitter, and also through the forum, the reasons why that was only a day trade is because of
134 00:24:13 --> 00:24:27 the things I'm outlining here. Okay, and those conditions are shown here with the dollar index, the monthly bearish order block which starts at 9547, and I'll
135 00:24:27 --> 00:24:36 counseling to go out to your monthly charts and look at that you'll see what I'm referring to. That's the opening price, and then trading up into that we have
136 00:24:36 --> 00:24:50 equal highs that's been shown on the 19th and 20th of the dollar index. And we rallied up above that approximately 30 pips or so. We're 20 pips rather 20 pips
137 00:24:50 --> 00:25:00 and also reaching up in the net monthly order block. So at the same time, it's trading to it on a Thursday. Now think in terms of weekly profiles. I gave you a
138 00:25:00 --> 00:25:11 Thursday reversal profile that can happen on like FOMC type thing, but doesn't have to happen with FOMC. If it comes on the same parameters, as we're showing
139 00:25:11 --> 00:25:21 here, Dollar Index has been a barnburner. It's been going up, up, up up, we've been the whole way up. And now it has finally reached a level where it clear
140 00:25:21 --> 00:25:33 there's buy stops above 9515, relative to the daily charts, equal highs. And we created equal highs on the 19th and the 20th of June. And then we expanded up
141 00:25:33 --> 00:25:44 into the monthly bearish order block. So as it hits that, okay, we also know that that same movement, going back to the cable, it's now trading down below
142 00:25:44 --> 00:25:56 that 132 06 level. Okay, so now it's a suspect decline. And we have to be mindful that this could potentially stall or reverse. So if we're gonna be going
143 00:25:56 --> 00:26:07 short on cable, the model is strong in this sense, because it's trading just the sessions. And it's aiming for these periods of liquidity. And also incorporating
144 00:26:07 --> 00:26:15 areas where higher timeframe analysis concepts, while we aren't trading, higher timeframe, long term positions are swing, we are using the insights gleaned from
145 00:26:15 --> 00:26:28 that content that we did in the mentorship to help us avoid holding on to a winning trade too long and having it reverse on us. Okay, and again, counting
146 00:26:28 --> 00:26:37 you go look at your dollar index charts. And you'll see the details is being shown here and go back over to commentary charts that we've shown in weekly
147 00:26:37 --> 00:26:50 commentaries going forward. All right now going into the cable, this is the 15 minute timeframe. And I want to elect to focus primarily on the 15 minute time
148 00:26:50 --> 00:26:59 frame, because when we're doing standard deviations, I get questioned a lot. Do I transition from one time frame to the next one I'm doing doing the standard
149 00:26:59 --> 00:27:07 deviations? And the answer really is no, I want to stay in the 15 minute time frame because I liked the 15 minute time frame. It's kind of a bellwether,
150 00:27:08 --> 00:27:19 referring to the volume that's in the candles, it's better to focus in my experience to focus on the 15 minute timeframe than they say, the hourly chart.
151 00:27:19 --> 00:27:30 So if you're looking at just the bodies of the ranges that we look for, for central dealers range, Asian range or flout, they could skew your projections
152 00:27:30 --> 00:27:41 and expansion levels. Okay. So consistency I found is as simple as using just a 15 minute timeframe. Now, you're going to ask me, Why is it specific to that
153 00:27:41 --> 00:27:53 timeframe? I don't know, personally, it's just overall my testing and trying to decipher what HIPAA is trying to do on a day by day basis. I've seen the most
154 00:27:53 --> 00:28:02 consistency using the 15 minute timeframe. Now you're going to look at other timeframes and see that it will sometimes be more accurate to the PIP. I don't
155 00:28:02 --> 00:28:10 care about that. Okay. And as you're gonna see the things that have been missing all through the tutorials and even through the mentorship. I'm getting my ticket
156 00:28:10 --> 00:28:17 on a quantum leap here. Okay. There's a lot of folks that think they understand such my dealer trains, they think they understand the standard deviations, they
157 00:28:17 --> 00:28:29 think they understand the HIPAA, and they don't, don't they'll know it. Okay, trust me, you're about to see why. But we're going to look at D Tuesday set up,
158 00:28:29 --> 00:28:39 okay, Tuesday is a really good day. We obviously know that the likelihood of creating no high the week is still in that day of the week, it could be Monday,
159 00:28:39 --> 00:28:53 it can be Tuesday or Wednesday, there's long term draw on this model has always been what we just mentioned on the daily chart, looking for the 50s. And it may
160 00:28:53 --> 00:29:00 not go down there, but we don't need it to because we're trading only two sessions. So words what we're saying is, we're going to get in during the London
161 00:29:00 --> 00:29:11 open sometime and get out towards the end of London Open or right before New York open. Why? Because New York open has typically what a reversal, a reload,
162 00:29:12 --> 00:29:22 and if it's gonna go lower, it can but it doesn't have to. Okay, so we were only trying to get the expansion, okay, or the meat of the move Alliance portion of
163 00:29:22 --> 00:29:35 the move out of each trading session. So with that said, let's zero in on Tuesday here. And now we have our search. My deal is range times delineated
164 00:29:35 --> 00:29:44 here, and I'm bracketing out the high and the low. Now I'm using the entire range here. If obviously using the rules, we go through this protocol of using
165 00:29:44 --> 00:29:52 the bodies and we get the wicks included too. So we're gonna get to measurements. The benefit of doing both is you're going to be looking for
166 00:29:52 --> 00:30:03 conferences that I'll explain later on in this presentation. Okay by doing a central bank dealers range Using the Fibonacci expansion tool, I'm actually
167 00:30:03 --> 00:30:11 gonna give you some more details about this. And I advanced teaching. So that's gonna be produced
168 00:30:11 --> 00:30:22 and released tomorrow. Okay, so just as your timing, if you're watching this, just know that the advanced lesson, which will be found in the forum for June,
169 00:30:22 --> 00:30:32 the last lesson on in June for our advanced topics, that's the lesson referring to this. So it will be anything else that you can be confused by. We have the
170 00:30:32 --> 00:30:47 switch my dealers range expansion levels here, you can see it goes down to deviation level of four. Okay, comes right down to it. And once we have our
171 00:30:47 --> 00:30:59 first lineup, like this, okay, creates the daily low. What you have now is a inside advantage. And I'm going to show you what I mean by that, we're going to
172 00:30:59 --> 00:31:08 assume that you did something like I did, or I traded the bearish order block, and I was trading above the opening price at New Day. That's like when you do
173 00:31:08 --> 00:31:18 your standard, you put a control button and tap while you're empty for it'll create, there's still day dividers, generally, it's showing it like eight
174 00:31:18 --> 00:31:29 o'clock in the evening, New York time. Okay. That's usually when it shows up. Especially if you're using for Excel TD, that opening price is significant, much
175 00:31:29 --> 00:31:37 like the opening price at midnight in New York. Those two opening prices are the ones that I like to watch, especially incorporating power three, you can see
176 00:31:37 --> 00:31:46 here on this Tuesday, perfect example of power three. And while I did not get the actual high, I didn't care, I didn't need to use other factors, which I've
177 00:31:46 --> 00:31:58 already outlined and gave in instead. In details, the way that I used the entry technique for that short, which was an actual trade, not just speaking,
178 00:31:58 --> 00:32:08 hypothetically, you can see where I got in and got out. That whole framework was based on what I'm teaching you here. In addition, I get a lot of questions like
179 00:32:08 --> 00:32:20 this, they'll say, ICT, your concepts can call the very high or the very low sometimes to that accuracy. But you're always getting out early. Or you're
180 00:32:20 --> 00:32:30 getting in a little early or you're getting out. I'm sorry, you're getting a little late. Why not get those actual levels. And I'm going to be very honest
181 00:32:30 --> 00:32:42 with you. Over the years, I've taught myself to not try to be that dialed in. And the reason why is this, if you start using this information, and you start
182 00:32:42 --> 00:32:51 getting in like a PIP or two off the highs and the lows, I promise you, I guarantee you, your broker is going to dump you. And you're going to put you out
183 00:32:51 --> 00:32:59 the door. And they're going to say that you did not say you're a professional, because if you sign up and you open up an account, you either have to open up a
184 00:32:59 --> 00:33:07 professional or non professional account. That's how they get you. Okay, so most people, when they start trading, they're obviously not professional. So they're
185 00:33:07 --> 00:33:14 going into non professional. And if you start trading with these concepts, and you start killing it, and you're very, very precise, and you do a lot of trading
186 00:33:14 --> 00:33:26 every single trading day, you will be pushed out the door. Okay, it'd be Thanks for playing. See you later. Okay. And yes, that does go on. That's primarily the
187 00:33:26 --> 00:33:37 reason why I teach only try to look for one good set up per week. And also to get out a little early, because it's masking what I do. Okay, so I knew, I know,
188 00:33:37 --> 00:33:48 invariably, couple of you hot shots in here are going to try to test this theory, okay, and I promise you this, once you do it, you're gonna have a hard
189 00:33:48 --> 00:33:58 time finding someone to broker for you. Trust me, when I tell you this, it will happen. Okay, it's very, very hard to have like a, like a casino, you get, you
190 00:33:58 --> 00:34:07 know, you get caught counting cards, you're labeled, and they look for you, okay, and all the casinos will know who you are. Here, same thing, you do not
191 00:34:07 --> 00:34:17 want to kind of like give the impression that you know everything about what's going on. You don't want that. In fact, it's probably a good idea for you to
192 00:34:17 --> 00:34:25 throw some trades once in a while and that doesn't sound good. I know it probably goes in one ear and great to your stomach and makes you feel sick. And
193 00:34:25 --> 00:34:36 now you want to turn me off. But listen to me, I'm telling you. If you are very, very, very, very, very consistent. The best thing you can do is do low leverage
194 00:34:36 --> 00:34:48 trades and toss them for a while. You do not want your broker tracking you so close that they anticipate you knew being in at the highs and our lows, you
195 00:34:48 --> 00:34:58 know, three times a week. If you trade like that, I'm telling you at some point, they're gonna get tired of you taking their money and out the door you'll go
196 00:34:58 --> 00:35:09 okay, so it's very important you Justin, there's a reason why I do what I do. When I share my trades publicly on on, like Twitter or whatever. I don't always
197 00:35:10 --> 00:35:17 want to share where I'm entering and exiting. Because number one, there's people out there thinking, know what you're doing and trying to reverse engineer my
198 00:35:17 --> 00:35:28 trades. And they think they cracked the system. Okay, I am entering in areas where it won't be logical. Sometimes I'm giving examples where it's exactly as
199 00:35:28 --> 00:35:35 it is. But there's gonna be times where I'm entering a little early, or I'm entering a little late, because I'm hiding mentorship stuff. There's a group of
200 00:35:35 --> 00:35:42 people out there that think they know what they're doing, just by looking at the things I share online. Only thing I'm trying to show is consistency. I'm not
201 00:35:42 --> 00:35:49 teaching mentorship stuff through my trade examples. Okay, so there's a couple people that are just following me just for that very reason and a free
202 00:35:49 --> 00:35:58 membership area, and they're never going to get this, they believe they are, but they're never gonna get it. Okay. So just know going forward, it's important for
203 00:35:58 --> 00:36:10 you not to be 99% accurate, it's good to be around 70% accurate and lose some still. Okay? Go in here with some trades on some off the wall time of day.
204 00:36:10 --> 00:36:19 Because if they see you're always operating in a specific time, they want to feel like Okay, anybody can get lucky once in a while. So you want to lead them
205 00:36:19 --> 00:36:28 down the primrose lane, okay. And I hate to say it that way, but there is no other way around it. Always mask your intentions, as a trader always mask your
206 00:36:28 --> 00:36:39 real prowess. Never, ever, ever, stay as consistent as you want to believe you want to be. Now, you don't want that. Because it's not good for your career. You
207 00:36:39 --> 00:36:48 want to throw some do things that don't make any sense. You know, you don't have to lose a lot of money. But you do have to show some losses more than you're
208 00:36:48 --> 00:36:56 willing to do. And it's something you're going to have to accept and if you don't believe me, and you want to be the hotshot that makes you know, the
209 00:36:56 --> 00:37:07 Olympic feet have always been right. Let's see how long you stay in the retail world because they will put you out the door. All right now keeping the levels
210 00:37:07 --> 00:37:18 from Tuesday on our chart. Now we're going to plot the levels for central bank dealers range for Wednesday. Now notice the range for her central bank dealers
211 00:37:18 --> 00:37:30 range is less than 15 pips, can you see that? We can't use that range. But I have a deviation number three plotted here, just to show you, that's what you
212 00:37:30 --> 00:37:41 would get. But I don't want to use this because the rules state that you have to have greater than 15 pips for central bank dealers range. So now we're gonna use
213 00:37:41 --> 00:37:53 the Asian range. But notice it also is less than 20 pips. Okay, and I'm showing you the standard deviation at level three for that one as well. Now, because
214 00:37:53 --> 00:38:09 both of those ranges are not meeting the minimum criteria, we have to use the flower. Okay, so we have the entire flout range, which is 20 to four relative
215 00:38:09 --> 00:38:20 times, so we can see we have standard deviation of three with that one, that range of flout, we always take half of that, okay. And then what I did was I
216 00:38:20 --> 00:38:29 used the upper portion or upper half of that flout range. And I use the Fibonacci expansion tool, as I'll teach you in the advanced teaching. I don't
217 00:38:29 --> 00:38:37 want to turn this into a four hour video. So I have to break it up into pieces. But the main takeaway is what I'm teaching you about here. Now, notice that the
218 00:38:37 --> 00:38:50 standard deviation on flower for Wednesday, June 20, is a standard deviation of three. But notice how close it is in proximity to standard deviation one on
219 00:38:50 --> 00:39:00 Tuesday, you see that look at the gap between standard deviation three standard deviation one, respectively. And then look where the actual high the day goes.
220 00:39:01 --> 00:39:15 It goes back to standard deviation level one on Tuesday. See that. Now, by having this on our chart, we're going to keep going forward. Okay. The premise
221 00:39:15 --> 00:39:29 was we're looking for price to go lower. Tuesday we had a winner. Now on Wednesday, we can trade the New York session as a London close or New York
222 00:39:29 --> 00:39:43 overlap. Reverse reversal with this premise here, trading with that level of 132 06. That's it that horizontal line is that dark blue line, blending that
223 00:39:43 --> 00:39:53 previous old low notice it sweeps up hits it the first time during the 20th retraces back down and in runs higher go to standard deviation three again on
224 00:39:53 --> 00:40:06 June on June 20 that run above that 13206 level is a turtle soup sell to give you a seller they're trading in the New York session overlap into London close.
225 00:40:07 --> 00:40:11 That's where you can do a entry late in the day
226 00:40:13 --> 00:40:23 when otherwise, we will be looking to collapse our trades. This whole day on the 20 is primarily going up right? Well, we can sell short and fade that move as a
227 00:40:23 --> 00:40:30 scalper and try to get some type of a move going into the next trading session into Asia.
228 00:40:36 --> 00:40:47 Okay, so then we have our levels here, I'm putting the flowers on both sides of the range on the 20th. So you can see the standard deviations above and below.
229 00:40:48 --> 00:41:01 And on the 20th of June cases Thursday. Again, same type of thing we have to use to flout and then using that criteria, we can see that there's a standard
230 00:41:01 --> 00:41:15 deviation of level number two for the 21st of June. And that level actually gets very close to the standard deviation level five on the 20th of June. Okay, so we
231 00:41:15 --> 00:41:26 have, again, the same expectation that we're looking for prices to move lower. Okay, but now we have that Thursday situation where the dollar index trades up
232 00:41:26 --> 00:41:41 until a monthly bearish order block. It hits it at this very moment on the 21st. That cable trades down into that 131 10 level. Okay, standard deviation, level
233 00:41:41 --> 00:41:51 five sound sound deviation level number two, respectively on both days, there's a confluence there at same time the bearish order block is hit on Dollar index,
234 00:41:51 --> 00:42:06 then boom, we get an explosive rally. Couple that with standard deviation level number seven from the 20th and projecting that going forward we get the very
235 00:42:06 --> 00:42:23 high within a pepper so on the 21st of June. Notice also that this entire move that explosive rally had you not been mindful of the liquidity pool that has
236 00:42:23 --> 00:42:33 been noted on equal highs on the Delta Dollar index and the monthly bearish order block you would not anticipate a surge in price like this in terms of
237 00:42:33 --> 00:42:49 reversal. Now I'm gonna blend the element of time of day which is what this model is focusing on and the incorporation of standard deviations and liquidity.
238 00:42:51 --> 00:43:08 Every shaded area here is a specific kills him we have a New York kill zone we have a London Open kill zone, we have a London close profit taken kill zone.
239 00:43:09 --> 00:43:21 Every one of these training points take place at a standard deviation that's overlapping, which is conformance with the previous day standard deviation and
240 00:43:21 --> 00:43:35 time of day. Notice also that if you look at how intraday highs find an intraday high and go above it 1020 and 30 pips and with overlaps with a standard
241 00:43:35 --> 00:43:46 deviation that also has a conference of the previous day standard deviation. You have a high probability interest if it's time of day linked, Killzone which is
242 00:43:46 --> 00:43:56 always shaded little boxes in here. When we have that we have a very, very strong confidence that there's going to be a turning point number one, if you're
243 00:43:56 --> 00:44:04 in a trade, this is probably a good time to be taking your profits. And it's also a selling point for why trading sessions for intraday Scalping is so
244 00:44:04 --> 00:44:13 rewarding, because you can get very turning points that take place on an intraday basis on a weekly basis. And if you spread it out, you'll look at over
245 00:44:13 --> 00:44:22 an entire month, you can get just about every major turning point from the beginning of the month down to the end of the month on every single relative
246 00:44:23 --> 00:44:32 swing. Now, I'm not saying that you're going to get every swing. Remember, I already said you don't want to be completely accurate all the time. That's not
247 00:44:32 --> 00:44:43 first of all, it's not possible. Second of all, it's better for you to lose some. Okay, if you can have a 90% accuracy, that's great. But in your trading,
248 00:44:43 --> 00:44:53 don't show that show like 6570 Push it there. Then throw a couple of trades once in a while. Don't lose a lot of money on them. But don't let your hit rate be
249 00:44:53 --> 00:45:04 very, very high. Because your broker will put you out the door. Okay? blending these things. With standard models of entry, which is like optimal trade entry
250 00:45:04 --> 00:45:16 or turtle soup entries, you'll find that you'll have a lot of understanding and you'll fear far less when you're in the market, because you know what you're
251 00:45:16 --> 00:45:27 looking for the standard deviations, while you don't see them on my chart, or my other computers, this is what my charts look like, they are overlapping all the
252 00:45:27 --> 00:45:36 previous day standard deviations, okay? And I'm using the roles that I gave you in this teaching, you know, now when to use central beta, which range, you know,
253 00:45:36 --> 00:45:45 now when to use the Asian range, you know, when the loop used to flout, okay? Go back into the mentorship and learn them specifically. And then also apply the
254 00:45:45 --> 00:45:56 rules here, when I don't want to use one. And when I have to use the other, okay, I purposely do these things, because you've already seen it, there's
255 00:45:56 --> 00:46:05 goobers out there that want to just make it, common knowledge, and they have no idea, the level of insight that they're just throwing away. And it has nothing
256 00:46:05 --> 00:46:14 to do with me being greedy and getting sales. Because personally, I don't know, I don't care if I get anybody else in the mentorship. I don't care. I don't want
257 00:46:14 --> 00:46:32 this information just tossed about because it took a lot of study, and a lot of sweat, while sleep, and just obsessive, obsessive study. And there's a lot of
258 00:46:32 --> 00:46:45 faith and belief about like pivot points and such. And we incorporate some of that, okay. But by itself, they're useless. This, by itself is powerful. This
259 00:46:45 --> 00:46:56 right here, what I just showed you in this model, is the Grail. This is what everybody will never, ever, ever see or understand. When I saw this, and I
260 00:46:56 --> 00:47:10 discovered this pattern, okay, of how the standard deviations should be used, and how they overlap with previous days. It unlocked everything. I knew exactly
261 00:47:10 --> 00:47:20 what I wanted to do in price action. So I get asked a lot of times, what is it? What's the thing that transformed you from mediocre in terms of my analysis to
262 00:47:20 --> 00:47:31 knowing? Well, what makes me inner circle trader, this is what makes me inner circle trader. So there's a reason why I don't talk about it, there's a reason
263 00:47:31 --> 00:47:42 why I just get people very close to it, because I wanted to see if anyone would discover it, okay, and no one's discovered it, no one was able to put that stuff
264 00:47:42 --> 00:47:51 together. And I think if someone was a computer programmer, they would have the best advantage of doing it. If you weren't a computer programmer, and you've
265 00:47:51 --> 00:48:04 never learned coding, you would never get this, it I'm convinced that I would never have gotten it had I never studied coding. So by taking these algorithmic
266 00:48:04 --> 00:48:16 ideas of seeking previous data, points, okay, or arrays, thinking in terms of C plus, as a computer programming, you have to have these, you have to have a
267 00:48:16 --> 00:48:27 race, where you get the information from, okay, well, after this was my theory and logic behind it when I was trying to decipher if, in fact, the markets are
268 00:48:27 --> 00:48:34 algorithmic, and I still leave that up to you to decide. I think if anyone really studies my information it comes away quickly with, there's no other way
269 00:48:34 --> 00:48:46 around it. But I wanted to see if there's a way for an artificial intelligence to in fact, manipulate and control price, how would it do it? Well, I started
270 00:48:46 --> 00:48:55 thinking if I was going to control price and make an algorithm myself, and if I could, in fact, create a program that a central bank would have, what would I
271 00:48:55 --> 00:49:05 do? What I would look for, because before I go any further, just know that if the asset is before in record somewhere and someone aware gifta has no
272 00:49:05 --> 00:49:17 understanding where your stop is. They don't know where XYZ bank is, or Joe Schmo that fondements founders, he they don't know that stuff, okay, it doesn't
273 00:49:17 --> 00:49:30 know that it's not that intelligent. That's my belief, which is reason why it behaves the way it does. So it trades or not trades but it drives price. Okay,
274 00:49:30 --> 00:49:43 in prices price, relative to where the logic that has been put into its programming would suggest to traders liquidity would be okay. And it's not hard
275 00:49:43 --> 00:49:53 to do see that just find out where the last high as in last 20 days and last low in last 20 days. And you know, that's the first marker that kept us going to
276 00:49:53 --> 00:50:03 consider. So that's going to be what a draw on liquidity the last 20 days, up to date range. Then beyond that, If we have already swept that low or high the last
277 00:50:03 --> 00:50:14 20 days, the next boundary, okay or array for liquidity purposes, this is going to be what the 40 day, and, and so on to the 60 day. Inside of those ranges,
278 00:50:15 --> 00:50:27 there are weekly ranges, okay and liquidity points. So where that liquidity is going to be is gonna be relative to how we've studied price.
279 00:50:28 --> 00:50:42 When we blend these concepts, and use those with the standard deviation idea that I've taught you here, you have everything you'll ever need, as far as
280 00:50:42 --> 00:50:53 insider information, because you're gonna find that all the turning points are not as random as they appear. I get folks that will send me emails and say, hey,
281 00:50:53 --> 00:51:03 look, you know, I'm watching this, I'm looking at this. And it does this and it does that. But I can't, I just can't figure out when to do this one, what range
282 00:51:03 --> 00:51:14 do I use? Do I use a central bank, they lose range, or they use the Asian range. You now know that? You know, the procedure and protocol for it. I do not know,
283 00:51:14 --> 00:51:26 please, if you're eatin Spaghettios and or watching a kid right now stop and listen to me. Because when that says, very, very important. Do not. And in this
284 00:51:26 --> 00:51:38 my meanness. Do not share in any capacity charts to show what I just taught you. I'm going to lose my friggin mind. If I see people doing it. Don't send me a
285 00:51:38 --> 00:51:47 chart on Twitter and say, Hey, am I doing this right? Or why didn't I do this? Or why didn't you please don't do that. Don't do it. If you want to share
286 00:51:47 --> 00:51:58 things, you know, share it in the forum. But don't don't show me don't do it in YouTube videos. Don't do it. That kind of stuff. But long and short of it is the
287 00:51:58 --> 00:52:12 overlapping of previous days deviations is how I get how I do weekly highs and lows, and how I do daily highs and lows. I don't always know what the daily high
288 00:52:12 --> 00:52:23 and low is. Because I have to wait for time. Time is the kill zone. Okay. So I know generally what days of the week it may happen. And this week was proof of
289 00:52:23 --> 00:52:32 it because I did not have the weekly expansion. I went down on Tuesday, we had smaller consolidation going into Wednesday trading retracement back to that one
290 00:52:32 --> 00:52:43 three to a six level. And then we had another sell off. Okay, that's so off. Goes down below there's equal lows that's been formed on the ninth of June and
291 00:52:43 --> 00:52:54 the 28th of June. So they have an equal well, they're also that is below that 132 06 level. So that sweet below those double lows they created on the 19th and
292 00:52:54 --> 00:53:04 20th. That was to put people in don't short to the breakout hours, they went short below there, they're going to sell which is going to provide the
293 00:53:04 --> 00:53:13 opportunity to create more by liquidity for professionals, which is what the purpose of is doing here. Below that 132 06 level, which is again at the same
294 00:53:13 --> 00:53:24 time Dollar Index creates its run to that monthly bearish order blocks opening price. And then we have to extrapolate moving on the upside. Okay, even with all
295 00:53:24 --> 00:53:36 of that, look at this chart, and you'll see that all the elements are there relative to time and price in Epta standard deviations. But you have to blend in
296 00:53:36 --> 00:53:50 overlapping of previous day's deviations to do it. Now I know you're gonna watch this video, and you're gonna say, Wow, that's really neat, but I have no idea
297 00:53:50 --> 00:54:00 what I'm doing with it. And that's normal to feel that. Okay, it's normal. What I want you to do is start going through every single trading day, have one
298 00:54:00 --> 00:54:12 chart. In other words, one template in your MT four, where once you plot your standard deviations for the central pillars range, if it's applicable. If it's
299 00:54:12 --> 00:54:23 not, then you use the Asian range if it's not in use D flat, but once it's on there, you leave it there, then you do the next day and you do the next day and
300 00:54:23 --> 00:54:33 study every turning point at the kill zones. You will see there's within three to five pips variants is what I think is normal. So the next question you're
301 00:54:33 --> 00:54:41 probably asking is how much of a confluence is that? Well in other conferences and things like I've taught in the past, it's always been like 15 pips, it's not
302 00:54:41 --> 00:54:49 that much in this it's about three to five pips and the reason why it's because every broker is gonna have a slightly skewed delivery in terms of their, their
303 00:54:49 --> 00:55:01 business asked. And that's normal. We've already mentioned that many times in in a litany of examples. So the main teaching on this model is Number one, standard
304 00:55:01 --> 00:55:09 deviation, how to use it, when to use it, why we're looking for it. And now the hidden piece for missing link, if you will, is the confluence of previous days
305 00:55:09 --> 00:55:20 standard deviations. But you have to know which ones have worked yesterday to have the benefit of having a confluence build today when it's tiny price
306 00:55:20 --> 00:55:26 sensitive as well. So hopefully you found this insightful. Until next time, I wish you good luck and good trading