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Version 1.1 by Drunk Monkey on 2020-12-09 06:09
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3 ICT: Morning folks, just real quick, make sure you guys read the disclaimers
4 here. It's important
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8 Okay, just give me one more minute or two I got to make sure I can get my time
9 delay determined. I kind of warned you guys I'd be clumsy the first couple times
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13 haven't used this medium for a while. The standby minutes minute or two longer
14 and we'll begin
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18 Okay folks, come on morning. Welcome to the inner circle trader live session.
19 This will be a brief one today, simply because I want to make sure I have very
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23 small, short presentation. And then we'll go into a recap later on today, I'll
24 post it to YouTube. Okay, first and foremost, I'm only gonna talk about cable.
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28 And you're probably wondering where that was. Lastly, in my YouTube
29 presentations, I gave you optimal trade entry examples to study. It's meant to
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33 get your attention on finding them in price action, without knowing what they
34 look like in advance, you'll never see them before the fact currently surreal
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38 real time which is necessary, obviously, unfortunately, for profitable trading
39 lbmc and not look at it in hindsight. So today, I want to talk about the effects
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43 of optimal trade entry, I can anticipate optimal trade entry before even forms
44 in the chart. And I'm going to try to do that in about 30 minutes. So we'll
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48 break at 815 right now at 7:44am. So I got about 31 minutes or so. Presently,
49 right now to see you guys know, I'm holding a small portion of the trade on, I'm
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53 looking for that objective here. And if I can get that there'll be full profit
54 for me for a day trade. I get a lot of questions, by way of email. I'm not gonna
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58 be teaching swing trading, am I gonna be doing a position trading? Am I gonna be
59 teaching options? The only thing I'm promising you live sessions with, and
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63 working with you until December, so is day trading. If this doesn't fit your
64 interest, I understand. I'm not here to twist your arm. But that's all I'm going
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68 to be doing. I'm not teaching mentorship stuff. So got to take what you get.
69 Okay? I promise, what you get from me is very useful. And it'll help you whether
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73 you're a long term trader, and not because it can give you really good entry
74 techniques, regardless of what type of trader you are. Alright, so the first
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78 thing I want to talk about this morning is the fact that we have the market.
79 We're trading on Tuesday, generally Tuesdays that really pretty good day, in
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83 terms of directional bias, and moving one sided. Now, this morning, or
84 overnight, rather, for me, London was a little bit lethargic, I was wanting to
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88 see a little bit more energy in it, and hasn't produced it yet. But now we're in
89 the New York open. Okay, and I'm getting a lot of folks asking for this
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93 indicator down here, I don't want to promote the idea that you need it, you
94 don't need it. Okay, they're just little tools. And many of them have been
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98 created for me by my students. I don't program these things. I couldn't program,
99 an MT four indicator to save my life to be quite honest with you. But you don't
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103 need them. Okay. All you need to know is how to bracket them in terms of when
104 they begin and when they end. And I'll I'll cover that it's not important now
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108 because it's all on its soils. So the question, I'm sure it's just, why is this
109 entry here? You know, why that enter here? And maybe not maybe over here, or
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113 maybe over here? Or maybe even here? Okay, or why not right now? Well, right now
114 would be a potential scenario for the New York open, looking for a run on the
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118 overnight highs, okay, but I want to talk about what leads to this entry, why I
119 felt it was there, and also how to anticipate optimal trade entry because like,
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123 I gave you a samples last night with Aussie dollar. I gave the examples with the
124 euro dollar. Now I'm going to give you what I saw that led to this entry here.
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128 And truth be told I did a recording while this whole thing unfolded, it's going
129 to be sped up, it'll be part of the recap that I gave you guys on YouTube. It's
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133 very, very generic. It's not a whole lot of bells and whistles on on the
134 presentation, because, frankly, I put the trade on and I went to sleep. Okay, I
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138 didn't worry with it. I let it go on autopilot. So I'm going to teach you a way
139 where you can not have to be up during London open, because there's a lot of
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143 folks that get scared when they're like, Okay, I have a job. I can't be up ICT.
144 I can't do it. You know, but I want to trade it, I see this opportunity, but I
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148 can't do it. Yes, you can do it. There's no excuse, why can't do it. I'm gonna
149 teach you one concept
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153 on how to do it. There's lots of them. And there's lots of different nuances
154 that goes along with increasing the profitability and probabilities for these
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158 setups. But that's all mentorship stuff, okay. And I hate to sound like I'm
159 dangling a carrot. But I want to make sure we're making a very clear distinction
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163 about what you're learning. And what you're not going to be learning. Okay. The
164 tutorials that will be populated on this forum, they'll teach you 95% of
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168 everything that the folks in the mentorship learned that last 5% was just simply
169 having me point to it, talk about it, and get things I'm not going to talk about
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173 in public. Okay, so, do you absolutely need that last 5%? In my opinion, I don't
174 believe you do. But it was made available for folks. So it will not be made
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178 available in the future. So please don't ask me about the mentorship because
179 it's not going to be there. Okay. All right. So we're gonna talk about this
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183 entry here, what leads to future optimal trade entries, how to anticipate them.
184 Okay, and we're going to go over to another chart, right here. And I'm gonna go
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188 over how the daily chart is a gold mine. Okay, and you have to understand this
189 particular timeframe, if there's any one timeframe that I think is the most
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193 important, it's this one, you want to be able to determine what the banks are
194 going to be identifying. And you see a lot of folks on YouTube lately, there's,
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198 everyone knows something about the Forex market. And I don't claim to be an
199 expert, I don't claim to be the Forex God, I get a lot of folks that say those
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203 types of things. And I don't really encourage that. Because I make mistakes just
204 like anybody else. I'm not perfect, I mess it up. And, frankly, you're gonna
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208 mess it up too. All you need to know is where the probabilities lie with future
209 setups. And you need to be able to take those setups with no fear, no
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213 nervousness and just dial in on what it is you're looking for. You find that on
214 the daily chart. Now, obviously, the daily chart is very slow. And if you're a
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218 day trader, and you have not learned the view the market like this, it seems
219 like this is not the type of timeframe you should be working with, you should be
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223 watching the one minute or five minute chart and that's a problem that's an
224 error. I mean these same problems and errors when I first started as a trader
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228 back in the 90s as a commodity trader, but I want you to look at this crude
229 depiction here. Okay, and we're going to work with this diagram I'm gonna show
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233 you how I identified the setup and how you can anticipate these things going
234 forward so that we can go from the live session today and start using it right
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238 away. So we're going to illustrate here with like, a swing high and a swing high
239 is any time where we have one individual candle or in this case I'm using open
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243 high low and close over here so these are called Open high low close I'm using
244 it to simply to illustrate with a greater clarity what you're looking
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248 specifically for now it can be illustrated with a candlestick but for teaching
249 purposes and because this is how I internalize the candlestick anyway, I want
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253 you to be able to see it like this okay, but understand, it can be viewed in the
254 same conceptual manner with a candlestick. But we have a high and this is
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258 representing individual days on a daily chart, okay, this is one particular
259 trading day, this is another trading day. This is another trading day. Whenever
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263 we have a swing high, okay, in old days, we call them ring highs before we had
264 computers we actually draw a little circle around that denoting that was a short
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268 term high in the market may sell off and have a measurable decline in future
269 time. When we have this, okay, when we have this swing high, you want to be
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273 looking at the previous day's lows. Okay, for instance, this one here, we watch
274 price trade through it and it closes below it. When we have that we know that
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278 the next day, that same scenario is probably going to repeat itself. So You just
279 take your attention and focus it on the previous day's low right here. Okay,
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283 what's going to be residing below that? It's going to be liquidity, okay, it's
284 going to be new orders, it's going to be traders that want to trade on a
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288 breakout selling short. All you're doing as a trader is you're trying to
289 interpret with prices leading you to believe based on market sentiment. Okay,
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293 market sentiment is what the opinion is about the marketplace right now, does it
294 have a bullish stance to it or a bearish stance to it. And what you're looking
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298 for is how to blend that with
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302 what may be existing in the marketplace in the form of orders. Now, I don't
303 personally believe that there is a good way to interpret where orders are in the
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307 Forex except for understanding price action, because you're never going to get
308 the vast pool of liquidity visible to you, in the sense that like, if you watch
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312 a futures market, you can look at things and tools that will give you a good
313 idea where buys and sells and existing orders may be coming into the
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317 marketplace, which is where market profile and, and depth of market those types
318 of things. Well, I don't subscribe to the opinion of that. I think they're more
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322 useful in those types of markets. For forex, forget about it, you're not going
323 to get it in forex, because you're not, you're not going to be able to see those
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327 orders coming in. It's too vast of a marketplace. And it's no centralized way of
328 drawing all those orders in. So we have to internalize where these orders are
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332 and where they would be residing. And that's going to be above and below daily
333 highs and lows, in other words below the previous day's low and above the
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337 previous day's high. So if we have a turning point potentially in place with a
338 swing high, it means one high, with a lower high to the left of it and lower
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342 high to the right of it. Once this is seen in price, you already know what you
343 should be looking for. It's that quick, it's that easy. You should not be
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347 looking at your charts for 45 minutes and waiting and staring it trying to
348 determine what it is you're trying to look for. When I look at price, I look at
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352 it in terms of market structure. And this is the first element of market
353 structure. I'm gonna teach it today. Okay, it's very simple approach, look for a
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357 swing high or look for a swing high or low. So right now, as soon as we had this
358 scenario in price, we'll be looking for orders to be tagged or reached for below
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362 this particular day's low. Now I'll give you an example what that would look
363 like. You have a candle here or a daily bar, these little tiny little ones here,
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367 these are Sundays, we're going to try to forget them this platform, or this demo
368 includes Sundays, I wish it didn't, but it is. So we have a high here that's
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372 lower than this one. And then the next candle or bar is here. So this is a swing
373 high. So the orders are going to be below this particular day's low. So as a
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377 trader, we would look for the market to want to read below that low and it does
378 that right here. Okay. And as long as we do not move back above the swing high
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382 or a lower swing high, which this becomes another swing high. One high, lower,
383 high, lower, high, but notice how each low keeps getting tagged below the
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387 previous day's low. This is the big beginning and building blocks of
388 understanding daily bias. Man, if I could tell you one question comes by way of
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392 email all the time is if you could just tell me how to know what data is going
393 to go up or down? What's the direction? I could use your tools and make money?
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397 Well, you wouldn't. Okay, because there's so many other things to it. You think
398 that's what it's all it's necessary, but it's not. Okay, price will teach you to
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402 chase things that really aren't there. So I'm giving you basic framework here.
403 It's a very simple concept, do not discount this, because I'm telling you, I use
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407 this almost every single trading day. And I'm showing you look how many times
408 they're set up there. Now, I'm not talking that in hindsight, I'm not putting
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412 lines on the chart and moving them around, you're seeing the actual orders in
413 you're seeing the results of the orders, you're seeing the timestamps on the
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417 orders, it's there, just like that. Okay, you can see that, okay, so the bottom
418 line is, you need to know where the market is going to be drawn to. Okay, so
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422 when we have a swing high, we want to look for the lows to be taken and reached
423 for we have another swing high here. Okay, when that candle or daily bar
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427 finishes, the next day, we're gonna be looking for price to reach below that as
428 well. It does that. Okay, irrespective to where the opens. I don't care about
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432 that for right now. I just know that the market is going to be drawn to the
433 previous day's low and go below it to some degree. I'm not teaching you how far
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437 it's gonna go. I'm only telling you to look there. Okay. So now, what do you
438 think it is, in terms of reversing that scenario? Well, it's just how easy If
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442 you have a swing low, okay, that's going to be in the form of a daily candle or
443 bar that has higher lows on either side of it.
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447 Okay, so we have a daily candle or bar, another lower one, and then a higher
448 one. So we have one day that has a higher low to the left and a higher low to
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452 the right. This is a ring low or swing low. Okay. We don't call them ring ones
453 anymore. But it's traditionally called now a swing high swing low, this is a
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457 swing low. When we have this, the market is going to want to seek the liquidity
458 resting the previous day, it's high. Once it's seen here, right here, I don't
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462 care where it closes. Okay, I'm looking for this pattern, a low with a higher
463 low to the right and a higher low to the left. When I know this I Amelie draw my
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467 attention to the day before is high, there's a strong likelihood that the banks
468 will probe that area for liquidity. I don't care if it only goes up 40 pips and
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472 then fails and goes lower. I don't care about that. Because if I can get 60 pips
473 from my entry to a 40 pit run above the previous day's high, that's enough for
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477 me to profit. And that's all you need as well. You may not want to be a day
478 trader, you may not like the idea of a day trader. But that's the most frequent
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482 setup. It's always there every single trading day there to trade every single
483 time. Now, I'm not telling you this, as new traders, if you're listening to
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487 entice you to try to do this every single day, I'm just telling you, I've been
488 doing this for 24 years now, I can read price, I can see things that you won't
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492 be able to see without a long period of study. My hopes are that you'll see that
493 there's an opportunity there to be looked at and studied at least a handful of
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497 examples over a course of a month. You can carve out a career just doing that.
498 And using alerts on a an app that goes along with your trading platform and live
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502 demo accounts can set up alert systems and like send you a text message. When at
503 particular levels hit that way you can go in and start looking for it. On the
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507 optimal trade entry primer video, I gave you how to look for a higher timeframe
508 level wait for market structure break or short term high when it's bullish, and
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512 then wait for that retracement to catch by reversing it for selling short when
513 you have a hard timeframe resistance level wait for price to break the short
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517 term low. That's a market structure break on the downside. Wait for the
518 retracement sell short, okay? Very simple, very, very generic. Now by itself,
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522 you can get in a lot of trouble with it. Okay, because you have to understand
523 some things. This is what you need to see. To help you along with that basis.
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527 That original concept of market structure retracement, look for expansion, what
528 I gave you in an optimal trade entry primer video, this is the missing piece
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532 that you need for bias. Notice that it's not moving averages. It's not all kinds
533 of indicators. It's simply reading raw price action. There's so many things out
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537 there that's going to try to get your attention and try to draw you away from
538 looking at just this simple concept. There's four things you need to worry about
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542 the opening price, the high, the low, and the closing price of any timeframe
543 you're looking at what timeframes are most important, the one you're staring at
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547 right now with me daily? Now, if we know that this is what most likely is going
548 to occur on the banking horizon, in other words,
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552 what the banks are focused on where do they want to take price? This is what
553 they do. Now, I'm not here to get an arm wrestling match. You can go on Twitter
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557 and arm wrestle me and tell me you know, I don't know I'm talking about but
558 look, you haven't been where I came from. And I know this stuff like the back of
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562 my hand. And if it isn't true, then how am I able to do it? Because it's not
563 indicators. It's doing it. So all I'm asking is if you're on the fence about it
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567 or about me, just look at the information and you make a decision on that. Okay,
568 who cares about me, it's not about me. Okay. So now we have this pattern right
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572 here. The swing low. Well, we have a candle or daily bar here, with its low
573 here. The next day, it's here, which is last Friday. And then we had the Sunday
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577 candle. So you got this this the Sunday candle like pretend it's not there. If
578 you can get a demo account that has the dollar index and doesn't have Sunday
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580 117
581 00:24:39,720 ~-~-> 00:24:48,960
582 candles, man, you got to go mine. That's wonderful because I wish I could get
583 Sunday candle out of this particular demo. But the next candle has a higher low
584
585 118
586 00:24:48,960 ~-~-> 00:24:57,510
587 here. So we have a low, higher low and a higher low. So what is this? A swing
588 low. So now what we're doing is if we're looking for the liquidity above the
589
590 119
591 00:24:57,510 ~-~-> 00:25:08,850
592 previous day's high, that's yesterday's Hi, that's right here. So the high comes
593 in at 131 87. So I know that there's a strong likelihood that the market's going
594
595 120
596 00:25:08,850 ~-~-> 00:25:17,370
597 to want to probe above that previous day's high. Why? Because the banks are
598 going to want to offset their buying because they bought down here. How do I
599
600 121
601 00:25:17,370 ~-~-> 00:25:26,430
602 know that because price moved, price moves to allow deep pocket entities to be
603 able to do those types of things. Now, again, this is not an invitation for you
604
605 122
606 00:25:26,430 ~-~-> 00:25:32,520
607 to argue with me, okay? This is my personal belief, you're never going to
608 convince me otherwise, you don't need to subscribe to that view, if you want to
609
610 123
611 00:25:32,520 ~-~-> 00:25:41,520
612 look at this as something entirely different. Go right ahead. I'm not going to
613 try to change your mind about it, okay. But the market will look to go above
614
615 124
616 00:25:41,520 ~-~-> 00:25:53,970
617 that previous day's high and again, the price level is 131 87. Okay. So now
618 we're going to go back over to the concept of power three, that means that we
619
620 125
621 00:25:54,030 ~-~-> 00:26:05,040
622 want to be near the opening price, at the opening price, or below the opening
623 price. Okay, if we're going to be long, we want to be getting as close as we can
624
625 126
626 00:26:05,040 ~-~-> 00:26:15,600
627 to the opening price. At the beginning of day, which is zero GMT, or in this
628 case, it's 8pm, New York time for me on the East Coast of the United States and
629
630 127
631 00:26:15,600 ~-~-> 00:26:25,350
632 then or at midnight, and this is all in the tutorials is nothing mentorship here
633 it is very generic stuff. You saw me do this for years and years, on baby pips,
634
635 128
636 00:26:25,410 ~-~-> 00:26:36,390
637 and on my YouTube channel. So we're going to go back over to the intraday chart
638 here. And I'm going to bring in the Asian range. Okay, so we have the Asian
639
640 129
641 00:26:36,390 ~-~-> 00:26:47,550
642 range. Yesterday's, or last night's eight o'clock starting, which is there GMT
643 for me, in this platform, and this is the high for the Asian range, and this is
644
645 130
646 00:26:47,550 ~-~-> 00:26:58,980
647 the low the Asian range. Now, if you can't be up for London, no problem. If you
648 get your entry inside of the Asian range, if you haven't bias what's the bias?
649
650 131
651 00:26:59,070 ~-~-> 00:27:05,130
652 The markets want to go? One two most likely go above the previous day's high.
653 Okay, previous day's high.
654
655 132
656 00:27:10,230 ~-~-> 00:27:19,080
657 Okay, is right in here. Here's previous day's high. And we know that there's
658 going to be liquidity resting rate above that high. What is that to only buy
659
660 133
661 00:27:19,080 ~-~-> 00:27:29,070
662 stocks? Okay, why is it buy stocks because someone sold short, they're so easy.
663 That is very easy. So what we're doing is we're seeing Okay, there's going to be
664
665 134
666 00:27:29,070 ~-~-> 00:27:39,090
667 a target on those individuals that had made money here. That's all this
668 businesses folks, it's about taking from the next guy or gal. So inside the
669
670 135
671 00:27:39,090 ~-~-> 00:27:47,400
672 Asian range, I knew that there was a strong probability that this liquidity
673 would be targeted. I wanted to be long, I didn't want to be up for it because I
674
675 136
676 00:27:47,400 ~-~-> 00:27:55,050
677 knew I had to be here with you guys. Not that that's not a good thing. It's just
678 I'm tired. So I don't want to be up. So I'm pulling a lazy man's approach last
679
680 137
681 00:27:55,050 ~-~-> 00:28:06,000
682 night and I just went in during the Asian range. And right after I got my bias
683 confirmed, that looked at the market around 1230 or so. Which is my daily
684
685 138
686 00:28:06,000 ~-~-> 00:28:17,070
687 routine. And I knew that I wanted to be long I put a reasonable stop loss in
688 okay and price did exactly as Island expected to do target the liquidity resting
689
690 139
691 00:28:17,070 ~-~-> 00:28:30,450
692 above here. Now, as a go to rule of thumb, I teach that 10 pips and 20 pips is
693 the usual grade of sweeping above or below a previous day's high. Okay. And
694
695 140
696 00:28:30,450 ~-~-> 00:28:48,540
697 we're going to look at that real quick. Here, here's the high and low, give you
698 two scales 10 pips off that high. Okay, there's 10
699
700 141
701 00:28:54,270 ~-~-> 00:29:10,350
702 and 23. There. Okay. And you'll see over time, I'm not trying to convince you of
703 it just today. But anyone that's gone through my tutorials, will know this is
704
705 142
706 00:29:10,350 ~-~-> 00:29:20,220
707 something I teach in those. And it's not just cherry picking and form fitting
708 for the approach that's been shown to you today. So here's 20 pips really,
709
710 143
711 00:29:20,220 ~-~-> 00:29:26,340
712 really close and it might not be done for today. It might it might go one more
713 time through it, but look how close it takes you and now again, these are just
714
715 144
716 00:29:26,340 ~-~-> 00:29:39,570
717 ballpark figures to reach for above the previous day's high 10 pips 20 pips?
718 Because price moves on an algorithmic basis. Okay. It's not what you think that
719
720 145
721 00:29:39,570 ~-~-> 00:29:47,760
722 makes price move. And as we talk more over the next coming weeks, I'll give you
723 some more insights about that, but not everything, but certainly enough to make
724
725 146
726 00:29:47,760 ~-~-> 00:29:55,770
727 you dangerous in the marketplace. Okay, so we have two grades of targeting, how
728 far do I think the markets gonna go? That's the same rule that's been there
729
730 147
731 00:29:55,770 ~-~-> 00:30:06,540
732 since it's a tutorial and here it is today. Almost true to form You can't get
733 any closer than that without actually hitting the level. Look at that. I mean,
734
735 148
736 00:30:06,540 ~-~-> 00:30:17,160
737 it's just literally almost right there. I always try to exit early. My weak
738 point as a trader is my exits, I cannot perfect that enough, and I don't think
739
740 149
741 00:30:17,160 ~-~-> 00:30:26,070
742 I'll ever be perfect, okay, it's just gonna be a pursuit, it never is satisfied.
743 Now, I want you to look at this price action and see what you see in terms of
744
745 150
746 00:30:26,070 ~-~-> 00:30:37,260
747 what I taught for optimal trade entry. If we look at price, and add the fib,
748 obviously says on a five minute basis, but nonetheless, it'll still accomplish
749
750 151
751 00:30:37,260 ~-~-> 00:30:50,640
752 the method. bodies of the candles up to the highest portion of price on this
753 price like here, so to this close, in this open price comes down optimal trade
754
755 152
756 00:30:50,640 ~-~-> 00:31:00,660
757 entry. This is the London open kill zone. Okay, as I define it says price hits
758 that if you were up at London, that's what you would be doing again during one
759
760 153
761 00:31:00,660 ~-~-> 00:31:10,170
762 long, okay, price would then responds well expands and What's it do it reaches
763 for 10 pips above looking at the sweet, just a little bit about the 10th grade
764
765 154
766 00:31:10,170 ~-~-> 00:31:19,380
767 swing, and then retraces back down to previous day's high, gathers more orders,
768 expands again and just fall short of the 20 pips swing that is outlined. Okay,
769
770 155
771 00:31:19,440 ~-~-> 00:31:29,640
772 so I believe that we're probably going to see another leg higher intraday today.
773 And if we do, we'll be looking for a little bit deeper run on liquidity higher
774
775 156
776 00:31:29,640 ~-~-> 00:31:43,050
777 than that, and I got it in the form of this exit point here. Okay, so let me see
778 one time. Yeah, the take profit is at 132 23. Okay, so that's the level I'm
779
780 157
781 00:31:43,050 ~-~-> 00:31:51,330
782 looking for. Really 132 20. I like that idea. I'm just trying to get that three
783 pips above it. If I get it great, but don't most of my positions already off.
784
785 158
786 00:31:51,720 ~-~-> 00:32:00,090
787 Because I don't know if I'm going to be right. So I take partial profits,
788 because I want my bottom line to increase. So I teach this in a demo account,
789
790 159
791 00:32:00,090 ~-~-> 00:32:06,930
792 because if you don't pay yourself, no one's going to do it for you brokers not
793 going to do a favor for you and say, Well, you know, she's been trying really
794
795 160
796 00:32:06,930 ~-~-> 00:32:14,370
797 hard last couple of weeks, and this is give her you know, a bonus, let's take
798 her out of the group profit wax, if they're not going to do that for you, folks,
799
800 161
801 00:32:14,370 ~-~-> 00:32:23,910
802 it's just not going to do it. So you have to have ways of doing that. And if you
803 look, again, let me put that back up here real quick. This is on a five minute
804
805 162
806 00:32:23,910 ~-~-> 00:32:36,990
807 basis, we're going to drop back out to a 15 minute basis, this is what I would
808 use for my optimal trade entry projections. Zoom in time. And
809
810 163
811 00:32:42,690 ~-~-> 00:32:55,440
812 bodies of the candles. Right there. There's a symmetrical price swing, I'm
813 trying to get out early. But I woke up this morning, and you'll see the
814
815 164
816 00:32:55,440 ~-~-> 00:33:06,720
817 recording, it comes to life. Right about here, I just stop loss. And I take out
818 a portion of the profits. And that took another portion off here as well. So
819
820 165
821 00:33:06,720 ~-~-> 00:33:15,990
822 it's here and here and have a small portion still remaining in the trade. And
823 that takes us up to there. If it goes beyond that, I don't care. I don't care
824
825 166
826 00:33:15,990 ~-~-> 00:33:24,990
827 about that. As a day trader, I'm looking to take surgical strikes, get my pound
828 of flesh and move to the sidelines. Okay. But main thing I want you to have as a
829
830 167
831 00:33:24,990 ~-~-> 00:33:32,400
832 takeaway is I want you to go through price action and find on a daily chart
833 every time there's a swing high forming, how it targets the previous day's lows.
834
835 168
836 00:33:33,270 ~-~-> 00:33:43,650
837 Okay. And when we have swing lows, I want to study how the market seeks to
838 liquidity above the previous day's highs. Okay, and start doing that. Not just
839
840 169
841 00:33:43,650 ~-~-> 00:33:53,550
842 in one pair, and not just in forex, look at it in stocks, look at it in bonds.
843 and dare I say it because I don't know anything about it. Bitcoin. It's always
844
845 170
846 00:33:53,550 ~-~-> 00:34:04,080
847 there. market makers use the same business model, it's always the same stuff. So
848 if you understand that the markets move on the basis of seeking liquidity
849
850 171
851 00:34:04,110 ~-~-> 00:34:16,230
852 drawing in traders on the wrong side of the marketplace, or knocking them out to
853 take their position over. That's what a market makers role is. they facilitate
854
855 172
856 00:34:16,230 ~-~-> 00:34:25,050
857 that requirement for smart money. They themselves aren't smart money. There's a
858 lot of talk about what market makers are doing. And market makers do this and
859
860 173
861 00:34:25,050 ~-~-> 00:34:35,280
862 don't do that. They are a facilitator. They allow Smart Money entities to
863 position and move in and out of the marketplace. Okay, I'm not gonna say
864
865 174
866 00:34:35,280 ~-~-> 00:34:45,300
867 anything more than that. But long and short is, you've been given something very
868 precise today. A very user friendly approach. It's not complicated. And if it's
869
870 175
871 00:34:45,300 ~-~-> 00:34:52,590
872 gone over your head, just watch the video in the recording when it goes on the
873 YouTube it'll automatically compile and be there. But I promise you if you study
874
875 176
876 00:34:52,590 ~-~-> 00:35:02,130
877 price action on daily chart look for this. You will see every single trading day
878 there's something there so if you subscribe to some other group, or mentorship
879
880 177
881 00:35:02,130 ~-~-> 00:35:11,130
882 or some program, you can cancel that now. And now I've given you a complete
883 life's career and approach to finding setups every single trading day. You want
884
885 178
886 00:35:11,130 ~-~-> 00:35:19,830
887 to make 2530 pips couple times a week, this is how you do it, you will make 100
888 pips a week, this is how you do it. If you want to just consistently find
889
890 179
891 00:35:19,830 ~-~-> 00:35:28,920
892 setups, this is how it's done. It repeats itself almost on a day by day basis.
893 And the only times it doesn't work is when you get an inside day, an inside day
894
895 180
896 00:35:29,250 ~-~-> 00:35:39,570
897 isn't see if I finally here's one here, the day's high and low. Do the low was
898 higher than the previous day's low in the day's high is lower than the previous
899
900 181
901 00:35:39,570 ~-~-> 00:35:47,190
902 day's high. That's the only time you're not going to find profits or
903 opportunity. So what how many times is going to get inside date back to back to
904
905 182
906 00:35:47,190 ~-~-> 00:35:54,630
907 back, it doesn't happen a whole lot. But one good thing is, is when you do get
908 inside day, you're going to see the volatility expansion, which means it's gonna
909
910 183
911 00:35:54,630 ~-~-> 00:36:04,080
912 be a big day. That means it's gonna be a big day like here, see, next very day,
913 it's big range. So if we're gonna be seeking liquidity below the lows, don't
914
915 184
916 00:36:04,080 ~-~-> 00:36:12,720
917 anticipate just a little bit of run, anticipate a big run. And now you just
918 found out how to make explosive moves in price action, or at least find him now.
919
920 185
921 00:36:13,260 ~-~-> 00:36:19,650
922 So hopefully you found this one insightful folks. I'm going to close this one
923 out, catch up with you guys later on real quick, quick short recap video. And
924
925 186
926 00:36:19,650 ~-~-> 00:36:24,660
927 I'll be back with you guys tomorrow around 730 but a little bit longer session.
928 Till then I wish you good luck and good trading.