Changes for page ICT YT - 2019-02-03 - What Makes Trade Setups Low Odds - Trapped Order Flow.srt

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--ICT: Okay, folks, long time no see, I'll share some things regarding the euro
--dollar. Last week, we had the non farm payroll. And, you know, typically that
++(% class="hover min" %)
++|1 |00:00:36,180 ~-~-> 00:00:50,100 |ICT: Okay, folks, long time no see, I'll share some things regarding the euro dollar. Last week, we had the non farm payroll. And, you know, typically that
++|2 |00:00:50,340 ~-~-> 00:01:02,010 |that's a day that I like to refrain from engaging in. But I'm gonna give you some things that added to the uncertainty about that particular day being last
++|3 |00:01:02,010 ~-~-> 00:01:13,200 |Friday, or February 1, to be specific, I want you to take a look at this section of price action. And obviously, it's an intraday segment of price action. But
++|4 |00:01:13,200 ~-~-> 00:01:28,260 |nonetheless, it's going to communicate something I believe is helpful to those that have ever entered a trade that failed to move in their in their favor, or
++|5 |00:01:29,310 ~-~-> 00:01:40,200 |fail to move out of a specific range. This is what is referred to as trapped order flow. So we take a look at it in greater detail, but I want you to take a
++|6 |00:01:40,200 ~-~-> 00:01:53,880 |look at what's shown here. And try to determine what makes this segment of price action difficult to move higher or lower, at least for the scope of last Friday,
++|7 |00:01:54,480 ~-~-> 00:02:06,840 |understanding what may lead to dynamic price action, one of the things you want to be able to identify is when the market is less likely to move, you understand
++|8 |00:02:06,840 ~-~-> 00:02:19,170 |from my concepts that we teach how to determine where the market is being drawn to. So that's to draw on liquidity. If you arrive at that, and you're correct,
++|9 |00:02:19,290 ~-~-> 00:02:28,050 |you'll find that you have very little resistance in terms of finding profitability in your setup. But when we have things in price action that lead
++|10 |00:02:28,050 ~-~-> 00:02:41,970 |to adversities or what we refer to as high resistance liquidity runs a low resistance liquidity run is something that would be seen as a very low resistant
++|11 |00:02:42,060 ~-~-> 00:02:55,020 |high energy price mood that runs an old high or runs an old low, very easy, smooth price action. A high resistance liquidity run would be one that will be
++|12 |00:02:55,020 ~-~-> 00:03:06,780 |seen with a great deal of adversity. In other words, from a classical technical analysis analogy, a lot of resistance in a bullish condition and a lot of
++|13 |00:03:07,140 ~-~-> 00:03:23,310 |support in a bearish condition. What frames this trapped order flow in here on Friday is directly related to two price points. This one here. And this one
++|14 |00:03:23,310 ~-~-> 00:03:38,610 |here. Both of these two reference points here have smaller fractal patterns within those larger patterns that also present additional features that would
++|15 |00:03:38,610 ~-~-> 00:03:49,140 |act as a trapping mechanism in the sense that it's very difficult it was difficult rather for price to move out of that range on Friday. So I'm gonna add
++|16 |00:03:49,140 ~-~-> 00:04:03,960 |a little bit detail here and I'll give you some more insights as we as we go. Okay, so we have this price when here is the larger bullish ICT breaker. Now
++|17 |00:04:03,960 ~-~-> 00:04:14,850 |without being all tied up with the lingo all we're gonna do is refer to this low here we residing below that sell side liquidity could be in the form of sell
++|18 |00:04:14,850 ~-~-> 00:04:29,520 |stops to go short or sell stops on assumed long positions. price drops down clears these stops out right here. Then price rallies away. Once this high is
++|19 |00:04:29,520 ~-~-> 00:04:40,890 |taken out. The price trades back down to that last close candle. This is a buying opportunity. Generally if the market conditions is bullish, offered
++|20 |00:04:40,890 ~-~-> 00:04:54,300 |support and here when a little bit lower into this ICT bullish breaker. Again a low high in between a lower low sell high liquidity ran out here. So inside this
++|21 |00:04:54,300 ~-~-> 00:05:08,160 |larger breaker there's a smaller breaker same pattern. Just on a smaller scale, once price runs through that, it makes a high comes back, makes the short term
++|22 |00:05:08,160 ~-~-> 00:05:20,310 |low rallies through this old high, then trades back down below this low that makes this a bearish ICT breaker. So now price trades up into there on Friday
++|23 |00:05:20,310 ~-~-> 00:05:35,550 |and has difficulty getting through it. We traded back down into this old high. Just like we saw Reese response off of this one here, we saw this rally
++|24 |00:05:37,560 ~-~-> 00:05:50,130 |off of offer this high, this low to this high down to this low is a bullish breaker as well, because we have liquidity below this low here, price trades
++|25 |00:05:50,130 ~-~-> 00:06:01,920 |down to it and then runs through the highest up close candle. That's your breaker. Price hits it here. So we're seeing a back and forth tug of war for
++|26 |00:06:01,920 ~-~-> 00:06:13,410 |order flow back and forth in between those two price points. Now, if we add that to the economic calendar, which obviously last Friday was non farm payroll, if
++|27 |00:06:13,410 ~-~-> 00:06:24,030 |we look at a five minute chart, here's the price action on non farm payroll Friday price, meandering around until non farm payroll release, the release
++|28 |00:06:24,030 ~-~-> 00:06:38,070 |comes out it drops down aggressively, then rallies back through, drops back down inside the original consolidation then sells off again, but hits a bullish
++|29 |00:06:38,070 ~-~-> 00:06:53,400 |breaker. So we have the market wanting to find a direction. But it can't find its way out of a defined range. When you see this coupled with the economic
++|30 |00:06:53,400 ~-~-> 00:07:06,210 |calendar for things like FOMC related events, a high impact speakers, or non farm payroll, this is what you could reasonably expect to see. If we have the
++|31 |00:07:06,210 ~-~-> 00:07:18,060 |price action, back to a 15 minute timeframe, you can see the difficulty with price finding a direction in here. It can be very problematic for someone that
++|32 |00:07:18,060 ~-~-> 00:07:28,230 |wants to follow, for instance, the optimal trade entry long one could be a buyer here. And yes, it made a higher high. But if you don't take partial profits,
++|33 |00:07:28,260 ~-~-> 00:07:42,540 |you're not going to see a profit market finds its way all the way back down into the original point of the buy. If you're trying to be a seller up here, and
++|34 |00:07:42,540 ~-~-> 00:07:52,800 |looking to go short thinking that this is going to be the downside catalyst on the initial run. Yes, it makes a lower low than this here. But if you don't take
++|35 |00:07:52,800 ~-~-> 00:08:01,680 |partials, you get stopped out. So it can be very frustrating back and forth when you're inside of a Seek and Destroy type of event. And that's what this whole
++|36 |00:08:01,680 ~-~-> 00:08:13,800 |price pattern is here. Every high and low gets taken out subsequently. So you're probably looking at the entry on this particular chart thinking, well, if that's
++|37 |00:08:13,800 ~-~-> 00:08:25,080 |the case, it was so hard. Why are you showing a short position? Obviously, I was on the assumption that I would see something in here, that would help me frame
++|38 |00:08:25,080 ~-~-> 00:08:45,750 |an entry. Let's go back down into a five minute chart inside of this run up. Okay, inside this up close candle, we like to look at the midpoint of that. If
++|39 |00:08:45,750 ~-~-> 00:08:58,050 |we breach it, like we do here, this candle runs a higher high, and then we start to see it break down. We traded down below the midpoint of this up close candle
++|40 |00:08:58,560 ~-~-> 00:09:09,630 |when it started to drop down. I don't like to see that if we take a higher high. So this to me sets up a scenario where we could be a seller. You can go short on
++|41 |00:09:09,630 ~-~-> 00:09:28,770 |that. If you look at the time of entry 1634 this candle right here 1635 that's the candle I did it in this little movement back up above the midpoint of this
++|42 |00:09:28,830 ~-~-> 00:09:43,590 |up close candle I was trying to get in as close as I possibly can to this mean threshold. My expectation is is that we ran stocks above this high and even if
++|43 |00:09:43,590 ~-~-> 00:09:53,790 |this stays in the Define range that it is here. If I can get below this low here, I can take first profit and move my stop to a lower level. And I don't
++|44 |00:09:53,790 ~-~-> 00:10:03,780 |care at that point getting stopped out. But if I'm right about this being in it Important high and we've done all the dirty work on the upside, and we grow
++|45 |00:10:03,780 ~-~-> 00:10:19,590 |lower. If I have a full 100 pips, in terms of a drop, it may not do this until later in the week, if at all, it doesn't have to do it, I could be wrong. But
++|46 |00:10:19,590 ~-~-> 00:10:33,780 |I'm looking at the premise that we had difficulty on Friday, just like we saw on the British pound, British Pound had that same scenario on Thursday. So you can
++|47 |00:10:33,780 ~-~-> 00:10:36,480 |destroy higher, low higher, low, higher, low, higher low.
++|48 |00:10:38,040 ~-~-> 00:10:46,560 |It's very frustrating when you're caught in this type of environment, because you can be buying, it runs up a little bit and then comes back stops you out.
++|49 |00:10:46,560 ~-~-> 00:10:53,280 |And you think, Okay, well, I'm gonna sell short that now. And then you put a short in, it runs up and takes a short term, how do you put your stop above,
++|50 |00:10:53,520 ~-~-> 00:11:01,710 |back and forth, it's very, very frustrating. The sooner you find that you're in that situation, the better off you are, and you want to move to the sidelines.
++|51 |00:11:01,740 ~-~-> 00:11:16,500 |Or if you do see a run on the extended range. Like up here, I was entering, not above the old high because I just didn't see it at a time. But ideally, you want
++|52 |00:11:16,500 ~-~-> 00:11:27,720 |to be a seller above old highs and fire below old lows, if you see the scenario, or the out of the marketplace, because the closer you get to the middle with an
++|53 |00:11:27,720 ~-~-> 00:11:36,960 |entry, which is generally going to be with your like an optimal trade entry, it's going to be painful, it's gonna be painful, you're going to be stopped out,
++|54 |00:11:36,990 ~-~-> 00:11:44,460 |it's not going to move in your direction. And it's going to be frayed for frustrating. So to me, my thought process was that we cleared this high with
++|55 |00:11:44,460 ~-~-> 00:11:53,970 |this run. And I wanted to get in as close as I could to the midpoint of the up close candle. Because even if I do get stopped out faster, it moves down a
++|56 |00:11:53,970 ~-~-> 00:12:01,980 |little bit, the likelihood of it come back to that midpoint is unlikely to occur because we've cleared a high. So in other words, they've done some work up here,
++|57 |00:12:01,980 ~-~-> 00:12:15,600 |we cleared some stops. And now the market should seek, again, should is not a definitive statement. It's not a an absolute definition of what to expect, okay,
++|58 |00:12:15,600 ~-~-> 00:12:25,650 |it's not going to be perfect. And you're not going to know that I don't always know that I have very high probability and statistical edges that helped me get
++|59 |00:12:25,650 ~-~-> 00:12:32,040 |to these assumptions. But that's what's really, really all they are at the beginning their assumptions. And until you see me go on Twitter and prove it
++|60 |00:12:32,040 ~-~-> 00:12:41,790 |after the fact. Then and only then was I right? But I'm not right yet. Even though that the trade has paper profit. I'm not right about the trade, because
++|61 |00:12:41,790 ~-~-> 00:12:52,440 |it's still open. I didn't collapse anything that didn't take any portion of it as a profit. So I want to see it trade below this low. Why because we've been in
++|62 |00:12:52,440 ~-~-> 00:13:02,310 |this trap overflow. And once we got to a higher high, I want to be at that high or very close to it. And because it's the means threshold, that's the reason why
++|63 |00:13:02,310 ~-~-> 00:13:13,200 |I was entering at that price point. Now I'm not trying to be nailing the absolute high, I want to be as close as I can to that high. It can happen after
++|64 |00:13:13,200 ~-~-> 00:13:25,770 |me. Nor it doesn't have to, doesn't have to be expected before I get in, because the understanding is that we've already tried to run higher than this high with
++|65 |00:13:25,770 ~-~-> 00:13:35,700 |this high, we ran higher than this high with this high remained higher than this high with this one. So I'm up here. So if I get stopped out, that gives me a lot
++|66 |00:13:35,700 ~-~-> 00:13:44,910 |of insight as to what I believe may happen with the euro dollar. Because if we come back up and knock this position out, then I think ultimately euro dollar is
++|67 |00:13:44,910 ~-~-> 00:13:53,670 |going to go higher. Now, if it continuously goes lower, I know what I'm looking to do, I would like to take a portion off below this low. If it runs through
++|68 |00:13:53,670 ~-~-> 00:14:05,640 |that, I would like to take a portion off below that. move my stop to a point of reasonable open this paper profit and then hopefully see if I can get 100 PIP
++|69 |00:14:05,640 ~-~-> 00:14:14,790 |move out of it. And that's it. If I'm right in my assumptions about what has transpired in here,
++|70 |00:14:16,320 ~-~-> 00:14:25,590 |I'm feeling this as they had high, anyone short, they were knocked down. Anyone that sold short here, they were knocked out as well. And it broke down
++|71 |00:14:25,620 ~-~-> 00:14:34,710 |aggressively. And then anyone that was selling short up here was not, again not allowed to be a participant in this move that's coming. So therefore, they not
++|72 |00:14:34,710 ~-~-> 00:14:45,540 |visit individuals out. So I want to hold on to this position. It admittedly, if I were to tell you how I feel internally at the time of the entry, and also
++|73 |00:14:45,570 ~-~-> 00:14:58,440 |currently right now talking to you. I don't feel comfortable about the trade. Now in my past history. Every time I've had a trade that felt uncomfortable the
++|74 |00:14:58,440 ~-~-> 00:15:08,160 |whole if I didn't like the way it felt, while I was in it, they generally are the ones that pan out because they're the ones that either exit too early. And I
++|75 |00:15:08,160 ~-~-> 00:15:15,870 |take too much off at my first and second third profit scaling. And I wish back in hindsight that I wish I would have held on to it longer with a larger
++|76 |00:15:15,870 ~-~-> 00:15:26,160 |portion. Because of the feelings I have about that idea. We are still in a range, it has yet to break below this low. So we're still inside of a dealing
++|77 |00:15:26,160 ~-~-> 00:15:35,370 |range. What's the range now to this high in this low, we're on the low end of it. Now, we could have just very easily traded below this low here, and it
++|78 |00:15:35,370 ~-~-> 00:15:44,130 |starts to tear off and goes higher and stops me out. And that's trading. That's the way it works. Sometimes you just you're just wrong. I have a rule based idea
++|79 |00:15:44,130 ~-~-> 00:15:55,890 |that I'd like to be able to take something off below this low here. Now I could take off something right now. And essentially, I would have 20 pips or so. But I
++|80 |00:15:55,890 ~-~-> 00:16:07,800 |only have two and a half standard watts on in terms of leverage, one over 100 and some $1,000 demo account. So I don't have a lot to be concerned about you if
++|81 |00:16:07,800 ~-~-> 00:16:18,930 |it stopped me out. And I don't have a lot to make as an illustration for this idea. But admittedly because of the technicals that are here. And because we
++|82 |00:16:18,930 ~-~-> 00:16:29,580 |just moved out of just the high end of the range that the final Friday's non farm payroll price action, until we break out below this low, then I'd feel
++|83 |00:16:29,580 ~-~-> 00:16:36,840 |better about the likelihood that reaching below here. But right now it's still hammering around, they could come all the way back up to the top, near the top
++|84 |00:16:36,840 ~-~-> 00:16:49,110 |of this range. And everything I have an open profit for this setup would be eroded. So what was the point of this video, the point of the video is to see if
++|85 |00:16:49,110 ~-~-> 00:17:01,920 |he starts seeing opposing conditions that would present both sides. Okay, this is obviously a nice ideal scenario to be a buyer at when classical support
++|86 |00:17:01,920 ~-~-> 00:17:12,360 |resistance would work. If you just use this Oh, hi, yet classical support resistance would be favorable here. In this area here, when we have a high a low
++|87 |00:17:12,390 ~-~-> 00:17:22,470 |higher high once the lower point or low and between those two highs is broken on the downside, draw that level as your resistance generally, it'll act as
++|88 |00:17:22,470 ~-~-> 00:17:35,940 |resistance and your classical support as our levels will work. But if we have a range that's defined with this massive repricing as what this is here, all of
++|89 |00:17:35,940 ~-~-> 00:17:46,680 |this by side delivery, extremely overweighted. On the buy side, the market does in fact rebounds right at this point here and it spends a lot of time
++|90 |00:17:46,680 ~-~-> 00:18:00,360 |accumulating right off of this breaker. It runs up to its obvious level of order flow that would create a barrier or wall. Now they tried several times to drive
++|91 |00:18:00,360 ~-~-> 00:18:09,060 |it up in there one more time here higher high, and it just couldn't find traction going up. But even though it didn't find traction going up, this
++|92 |00:18:09,390 ~-~-> 00:18:18,900 |retracement really wasn't all that energetic either. So what I'm doing is I'm using a very, very small position to get attached
++|93 |00:18:19,079 ~-~-> 00:18:29,249 |to this particular pair. Because I have a position and it allows me to think about what I would be feeling if I had skin in the race. In other words, if I
++|94 |00:18:29,249 ~-~-> 00:18:37,439 |had money, and at that risk, which I don't own this because it's a demo trade, everything I teach with is a demo. Now you can have an issue with that and say,
++|95 |00:18:37,439 ~-~-> 00:18:44,789 |well, you have any business teaching, because you're not trading with real money. I'm not here to defend that I could care less. Okay, I'm teaching
++|96 |00:18:44,789 ~-~-> 00:18:54,839 |conceptually. And if you're a new trader, that's my target audience, because you need to have some kind of foundation and you don't build a foundation with live
++|97 |00:18:54,839 ~-~-> 00:19:03,689 |funds, because the only thing it's going to do is teach you bad habits, and poor thinking and worry about the money. And I'm teaching the concept of reading
++|98 |00:19:03,689 ~-~-> 00:19:13,649 |price action, if you can respect that. Going forward and just understand it the conceptual ideas that I teach, repeat over and over and over again. That does
++|99 |00:19:13,649 ~-~-> 00:19:25,589 |not translate into money. Now, it could, if you do it with a Live account, and it pans out in your favor. But it also can and it absolutely will turn around on
++|100 |00:19:25,589 ~-~-> 00:19:35,129 |you. And you'll do it wrong and you'll suffer a loss. If you try to trade with live money. Nothing that I do in my teachings provides a 100% strike rate, it
++|101 |00:19:35,129 ~-~-> 00:19:51,269 |doesn't happen. I take losses I lose sometimes I get it wrong sometimes. I just read it wrong. And I'm not stating that this is going to make you money. I'm
++|102 |00:19:51,269 ~-~-> 00:20:02,609 |stating that this is going to help you avoid times when the market is far less likely to pan out in your favor. And then Again, it's whenever we see opposing
++|103 |00:20:03,179 ~-~-> 00:20:12,149 |ideas, and you're inside of a trapped range ready to hit the market can't find its way out. If you go back and look at periods where there's extended
++|104 |00:20:12,149 ~-~-> 00:20:24,839 |consolidation in a market or specific asset class, chances are you're going to find this scenario. Cake this, there's a there's a good side and a bad side to
++|105 |00:20:24,839 ~-~-> 00:20:35,459 |this. Okay, the bad side is it's very difficult to find moves with a great deal of magnitude that go higher or lower, we have to find our way out of that that
++|106 |00:20:35,459 ~-~-> 00:20:48,509 |range first. The good news about this is that there's going to be a large displacement that will occur once we exit this range, once there has been a
++|107 |00:20:48,509 ~-~-> 00:20:57,629 |buildup of positions, and we don't know for certain if it's the institutional buying or the institutional selling that has the heavier weight. I don't know
++|108 |00:20:57,629 ~-~-> 00:21:08,639 |that. But I know that once we leave this range, we'll have a pretty high odds that we're going to have a sustained price move of several 100 pips both know it
++|109 |00:21:08,639 ~-~-> 00:21:19,409 |could be, you know, move up several 100 pips or several 100 PIP move lower, I don't know at this point. But I'm placing weight on the fact that I want to be
++|110 |00:21:19,409 ~-~-> 00:21:26,819 |on the high end of the range here, with the likelihood of it clearing up these relatively equal lows. And that's what this liquidity pool is, if we run through
++|111 |00:21:26,819 ~-~-> 00:21:37,739 |this and serve some kind of energy, I would like to see it below, here. But if I'm wrong, and it trades all the way up, stops this out and trades above this
++|112 |00:21:37,739 ~-~-> 00:21:46,439 |liquidity pool, relative equal highs, then I think that this high is going to be taken out, and we'll probably trade, you know, a little bit longer move on the
++|113 |00:21:46,439 ~-~-> 00:21:58,229 |upside. If you look at also, euro dollar, you know, we've been in a really sloppy consolidation. For months since the fall of last year, the Euro dollar
++|114 |00:21:58,229 ~-~-> 00:22:12,059 |has basically been sleeping inside of a range of a couple 100 pips. And this movement here, it's highly suspect to just remaining in the range. So to help me
++|115 |00:22:12,059 ~-~-> 00:22:23,639 |get a better feel of what prices in initially showing right now, for this week, I wanted to carry something from over on non farm payroll, I wanted to see how
++|116 |00:22:23,639 ~-~-> 00:22:33,029 |we opened up we didn't really open up to much different from where we closed on Friday. So again, I'm watching to see if we reject this low, and then we try to
++|117 |00:22:33,029 ~-~-> 00:22:45,569 |run higher up, it would look really weird in terms of price action, but it can do it. And it would only be beneficial to me. If we run these highs, because I
++|118 |00:22:45,569 ~-~-> 00:22:53,669 |think then this high would be taken out. And we were just going to continuously press higher on the higher time frame dealing range being broken. But for now,
++|119 |00:22:53,699 ~-~-> 00:23:02,819 |as long as we remain below these highs, that obviously would indicate to me that we're probably gonna make a run declare up these equal lows. Now it could come
++|120 |00:23:02,819 ~-~-> 00:23:12,359 |down clearly sequel lows, rebounds this void. And that would be something that we monitor monitoring and seeing if they make or attempt to run back up. We
++|121 |00:23:12,359 ~-~-> 00:23:15,839 |would like to see it obviously find resistance in here and not try to trade back above
++|122 |00:23:15,839 ~-~-> 00:23:24,809 |here and move lower. But you know, we're not in control price, we'll just have to see what happens. But I just want to give you guys an opportunity to see what
++|123 |00:23:25,019 ~-~-> 00:23:35,249 |it looks like when I have problems. Technically, when it's challenging for me, because I put a tweet out on Twitter last week and on Friday and mentioned that
++|124 |00:23:35,789 ~-~-> 00:23:46,889 |euro dollar is between two opposing ideas from my content. This is a bearish breaker. Okay, this is a bearish breaker as well. And that's why I have it
++|125 |00:23:46,979 ~-~-> 00:23:55,889 |directly between both of them. Originally, it was this one. But this one is a breaker as well. And I got a question asked, you know, what is? Why is this a
++|126 |00:23:55,889 ~-~-> 00:24:06,569 |breaker because what stops would have ran out first. It's this short term high right here. So the high, low higher high liquidity was ran out here. And then we
++|127 |00:24:06,569 ~-~-> 00:24:18,179 |broke down through it. So that makes this a breaker. So you can see there's all kinds of layered, opposing ideas. So if I'm trading, I want to find a very low
++|128 |00:24:18,179 ~-~-> 00:24:29,819 |resistance liquidity run. That means everything is so heavily weighted in my direction, or my idea in that trade setup, that it's going to take a real move
++|129 |00:24:29,819 ~-~-> 00:24:40,619 |of significance for me to be wrong, and see it fail. The more adversities and things you have standing in your way with your trade idea. We shouldn't be
++|130 |00:24:40,619 ~-~-> 00:24:48,599 |surprised when we have a trade that stops us out or it fails to move out. And this wears us down emotionally and psychologically. We just can't stand anymore.
++|131 |00:24:48,599 ~-~-> 00:24:59,669 |We just closed the trade. If you look at the overall market environment, it will look many times similar or similar in many ways. Like I'm describing here, the
++|132 |00:24:59,669 ~-~-> 00:25:07,559 |market In consolidation, so if you look at when markets are trading and trading ranges, now you understand we can go back and look at price, you'll see that
++|133 |00:25:07,559 ~-~-> 00:25:18,359 |it's being held between two breakers. And one of those breakers gonna have to give way and then the market will have a much easier way to trade from high
++|134 |00:25:18,359 ~-~-> 00:25:28,199 |resistance liquidity runs, which is where we're at right now. It makes it very hard for markets to find sustainable moves, then transitioning from that to low
++|135 |00:25:28,199 ~-~-> 00:25:34,979 |resistance liquidity runs, or very efficient, symmetrical price movement. So hopefully you found this insightful and I'll talk to you next time wish good
++|136 |00:25:34,979 ~-~-> 00:25:35,999 |luck and good trading.
--2
--00:00:50,340 ~-~-> 00:01:02,010
--that's a day that I like to refrain from engaging in. But I'm gonna give you
--some things that added to the uncertainty about that particular day being last
--
--3
--00:01:02,010 ~-~-> 00:01:13,200
--Friday, or February 1, to be specific, I want you to take a look at this section
--of price action. And obviously, it's an intraday segment of price action. But
--
--4
--00:01:13,200 ~-~-> 00:01:28,260
--nonetheless, it's going to communicate something I believe is helpful to those
--that have ever entered a trade that failed to move in their in their favor, or
--
--5
--00:01:29,310 ~-~-> 00:01:40,200
--fail to move out of a specific range. This is what is referred to as trapped
--order flow. So we take a look at it in greater detail, but I want you to take a
--
--6
--00:01:40,200 ~-~-> 00:01:53,880
--look at what's shown here. And try to determine what makes this segment of price
--action difficult to move higher or lower, at least for the scope of last Friday,
--
--7
--00:01:54,480 ~-~-> 00:02:06,840
--understanding what may lead to dynamic price action, one of the things you want
--to be able to identify is when the market is less likely to move, you understand
--
--8
--00:02:06,840 ~-~-> 00:02:19,170
--from my concepts that we teach how to determine where the market is being drawn
--to. So that's to draw on liquidity. If you arrive at that, and you're correct,
--
--9
--00:02:19,290 ~-~-> 00:02:28,050
--you'll find that you have very little resistance in terms of finding
--profitability in your setup. But when we have things in price action that lead
--
--10
--00:02:28,050 ~-~-> 00:02:41,970
--to adversities or what we refer to as high resistance liquidity runs a low
--resistance liquidity run is something that would be seen as a very low resistant
--
--11
--00:02:42,060 ~-~-> 00:02:55,020
--high energy price mood that runs an old high or runs an old low, very easy,
--smooth price action. A high resistance liquidity run would be one that will be
--
--12
--00:02:55,020 ~-~-> 00:03:06,780
--seen with a great deal of adversity. In other words, from a classical technical
--analysis analogy, a lot of resistance in a bullish condition and a lot of
--
--13
--00:03:07,140 ~-~-> 00:03:23,310
--support in a bearish condition. What frames this trapped order flow in here on
--Friday is directly related to two price points. This one here. And this one
--
--14
--00:03:23,310 ~-~-> 00:03:38,610
--here. Both of these two reference points here have smaller fractal patterns
--within those larger patterns that also present additional features that would
--
--15
--00:03:38,610 ~-~-> 00:03:49,140
--act as a trapping mechanism in the sense that it's very difficult it was
--difficult rather for price to move out of that range on Friday. So I'm gonna add
--
--16
--00:03:49,140 ~-~-> 00:04:03,960
--a little bit detail here and I'll give you some more insights as we as we go.
--Okay, so we have this price when here is the larger bullish ICT breaker. Now
--
--17
--00:04:03,960 ~-~-> 00:04:14,850
--without being all tied up with the lingo all we're gonna do is refer to this low
--here we residing below that sell side liquidity could be in the form of sell
--
--18
--00:04:14,850 ~-~-> 00:04:29,520
--stops to go short or sell stops on assumed long positions. price drops down
--clears these stops out right here. Then price rallies away. Once this high is
--
--19
--00:04:29,520 ~-~-> 00:04:40,890
--taken out. The price trades back down to that last close candle. This is a
--buying opportunity. Generally if the market conditions is bullish, offered
--
--20
--00:04:40,890 ~-~-> 00:04:54,300
--support and here when a little bit lower into this ICT bullish breaker. Again a
--low high in between a lower low sell high liquidity ran out here. So inside this
--
--21
--00:04:54,300 ~-~-> 00:05:08,160
--larger breaker there's a smaller breaker same pattern. Just on a smaller scale,
--once price runs through that, it makes a high comes back, makes the short term
--
--22
--00:05:08,160 ~-~-> 00:05:20,310
--low rallies through this old high, then trades back down below this low that
--makes this a bearish ICT breaker. So now price trades up into there on Friday
--
--23
--00:05:20,310 ~-~-> 00:05:35,550
--and has difficulty getting through it. We traded back down into this old high.
--Just like we saw Reese response off of this one here, we saw this rally
--
--24
--00:05:37,560 ~-~-> 00:05:50,130
--off of offer this high, this low to this high down to this low is a bullish
--breaker as well, because we have liquidity below this low here, price trades
--
--25
--00:05:50,130 ~-~-> 00:06:01,920
--down to it and then runs through the highest up close candle. That's your
--breaker. Price hits it here. So we're seeing a back and forth tug of war for
--
--26
--00:06:01,920 ~-~-> 00:06:13,410
--order flow back and forth in between those two price points. Now, if we add that
--to the economic calendar, which obviously last Friday was non farm payroll, if
--
--27
--00:06:13,410 ~-~-> 00:06:24,030
--we look at a five minute chart, here's the price action on non farm payroll
--Friday price, meandering around until non farm payroll release, the release
--
--28
--00:06:24,030 ~-~-> 00:06:38,070
--comes out it drops down aggressively, then rallies back through, drops back down
--inside the original consolidation then sells off again, but hits a bullish
--
--29
--00:06:38,070 ~-~-> 00:06:53,400
--breaker. So we have the market wanting to find a direction. But it can't find
--its way out of a defined range. When you see this coupled with the economic
--
--30
--00:06:53,400 ~-~-> 00:07:06,210
--calendar for things like FOMC related events, a high impact speakers, or non
--farm payroll, this is what you could reasonably expect to see. If we have the
--
--31
--00:07:06,210 ~-~-> 00:07:18,060
--price action, back to a 15 minute timeframe, you can see the difficulty with
--price finding a direction in here. It can be very problematic for someone that
--
--32
--00:07:18,060 ~-~-> 00:07:28,230
--wants to follow, for instance, the optimal trade entry long one could be a buyer
--here. And yes, it made a higher high. But if you don't take partial profits,
--
--33
--00:07:28,260 ~-~-> 00:07:42,540
--you're not going to see a profit market finds its way all the way back down into
--the original point of the buy. If you're trying to be a seller up here, and
--
--34
--00:07:42,540 ~-~-> 00:07:52,800
--looking to go short thinking that this is going to be the downside catalyst on
--the initial run. Yes, it makes a lower low than this here. But if you don't take
--
--35
--00:07:52,800 ~-~-> 00:08:01,680
--partials, you get stopped out. So it can be very frustrating back and forth when
--you're inside of a Seek and Destroy type of event. And that's what this whole
--
--36
--00:08:01,680 ~-~-> 00:08:13,800
--price pattern is here. Every high and low gets taken out subsequently. So you're
--probably looking at the entry on this particular chart thinking, well, if that's
--
--37
--00:08:13,800 ~-~-> 00:08:25,080
--the case, it was so hard. Why are you showing a short position? Obviously, I was
--on the assumption that I would see something in here, that would help me frame
--
--38
--00:08:25,080 ~-~-> 00:08:45,750
--an entry. Let's go back down into a five minute chart inside of this run up.
--Okay, inside this up close candle, we like to look at the midpoint of that. If
--
--39
--00:08:45,750 ~-~-> 00:08:58,050
--we breach it, like we do here, this candle runs a higher high, and then we start
--to see it break down. We traded down below the midpoint of this up close candle
--
--40
--00:08:58,560 ~-~-> 00:09:09,630
--when it started to drop down. I don't like to see that if we take a higher high.
--So this to me sets up a scenario where we could be a seller. You can go short on
--
--41
--00:09:09,630 ~-~-> 00:09:28,770
--that. If you look at the time of entry 1634 this candle right here 1635 that's
--the candle I did it in this little movement back up above the midpoint of this
--
--42
--00:09:28,830 ~-~-> 00:09:43,590
--up close candle I was trying to get in as close as I possibly can to this mean
--threshold. My expectation is is that we ran stocks above this high and even if
--
--43
--00:09:43,590 ~-~-> 00:09:53,790
--this stays in the Define range that it is here. If I can get below this low
--here, I can take first profit and move my stop to a lower level. And I don't
--
--44
--00:09:53,790 ~-~-> 00:10:03,780
--care at that point getting stopped out. But if I'm right about this being in it
--Important high and we've done all the dirty work on the upside, and we grow
--
--45
--00:10:03,780 ~-~-> 00:10:19,590
--lower. If I have a full 100 pips, in terms of a drop, it may not do this until
--later in the week, if at all, it doesn't have to do it, I could be wrong. But
--
--46
--00:10:19,590 ~-~-> 00:10:33,780
--I'm looking at the premise that we had difficulty on Friday, just like we saw on
--the British pound, British Pound had that same scenario on Thursday. So you can
--
--47
--00:10:33,780 ~-~-> 00:10:36,480
--destroy higher, low higher, low, higher, low, higher low.
--
--48
--00:10:38,040 ~-~-> 00:10:46,560
--It's very frustrating when you're caught in this type of environment, because
--you can be buying, it runs up a little bit and then comes back stops you out.
--
--49
--00:10:46,560 ~-~-> 00:10:53,280
--And you think, Okay, well, I'm gonna sell short that now. And then you put a
--short in, it runs up and takes a short term, how do you put your stop above,
--
--50
--00:10:53,520 ~-~-> 00:11:01,710
--back and forth, it's very, very frustrating. The sooner you find that you're in
--that situation, the better off you are, and you want to move to the sidelines.
--
--51
--00:11:01,740 ~-~-> 00:11:16,500
--Or if you do see a run on the extended range. Like up here, I was entering, not
--above the old high because I just didn't see it at a time. But ideally, you want
--
--52
--00:11:16,500 ~-~-> 00:11:27,720
--to be a seller above old highs and fire below old lows, if you see the scenario,
--or the out of the marketplace, because the closer you get to the middle with an
--
--53
--00:11:27,720 ~-~-> 00:11:36,960
--entry, which is generally going to be with your like an optimal trade entry,
--it's going to be painful, it's gonna be painful, you're going to be stopped out,
--
--54
--00:11:36,990 ~-~-> 00:11:44,460
--it's not going to move in your direction. And it's going to be frayed for
--frustrating. So to me, my thought process was that we cleared this high with
--
--55
--00:11:44,460 ~-~-> 00:11:53,970
--this run. And I wanted to get in as close as I could to the midpoint of the up
--close candle. Because even if I do get stopped out faster, it moves down a
--
--56
--00:11:53,970 ~-~-> 00:12:01,980
--little bit, the likelihood of it come back to that midpoint is unlikely to occur
--because we've cleared a high. So in other words, they've done some work up here,
--
--57
--00:12:01,980 ~-~-> 00:12:15,600
--we cleared some stops. And now the market should seek, again, should is not a
--definitive statement. It's not a an absolute definition of what to expect, okay,
--
--58
--00:12:15,600 ~-~-> 00:12:25,650
--it's not going to be perfect. And you're not going to know that I don't always
--know that I have very high probability and statistical edges that helped me get
--
--59
--00:12:25,650 ~-~-> 00:12:32,040
--to these assumptions. But that's what's really, really all they are at the
--beginning their assumptions. And until you see me go on Twitter and prove it
--
--60
--00:12:32,040 ~-~-> 00:12:41,790
--after the fact. Then and only then was I right? But I'm not right yet. Even
--though that the trade has paper profit. I'm not right about the trade, because
--
--61
--00:12:41,790 ~-~-> 00:12:52,440
--it's still open. I didn't collapse anything that didn't take any portion of it
--as a profit. So I want to see it trade below this low. Why because we've been in
--
--62
--00:12:52,440 ~-~-> 00:13:02,310
--this trap overflow. And once we got to a higher high, I want to be at that high
--or very close to it. And because it's the means threshold, that's the reason why
--
--63
--00:13:02,310 ~-~-> 00:13:13,200
--I was entering at that price point. Now I'm not trying to be nailing the
--absolute high, I want to be as close as I can to that high. It can happen after
--
--64
--00:13:13,200 ~-~-> 00:13:25,770
--me. Nor it doesn't have to, doesn't have to be expected before I get in, because
--the understanding is that we've already tried to run higher than this high with
--
--65
--00:13:25,770 ~-~-> 00:13:35,700
--this high, we ran higher than this high with this high remained higher than this
--high with this one. So I'm up here. So if I get stopped out, that gives me a lot
--
--66
--00:13:35,700 ~-~-> 00:13:44,910
--of insight as to what I believe may happen with the euro dollar. Because if we
--come back up and knock this position out, then I think ultimately euro dollar is
--
--67
--00:13:44,910 ~-~-> 00:13:53,670
--going to go higher. Now, if it continuously goes lower, I know what I'm looking
--to do, I would like to take a portion off below this low. If it runs through
--
--68
--00:13:53,670 ~-~-> 00:14:05,640
--that, I would like to take a portion off below that. move my stop to a point of
--reasonable open this paper profit and then hopefully see if I can get 100 PIP
--
--69
--00:14:05,640 ~-~-> 00:14:14,790
--move out of it. And that's it. If I'm right in my assumptions about what has
--transpired in here,
--
--70
--00:14:16,320 ~-~-> 00:14:25,590
--I'm feeling this as they had high, anyone short, they were knocked down. Anyone
--that sold short here, they were knocked out as well. And it broke down
--
--71
--00:14:25,620 ~-~-> 00:14:34,710
--aggressively. And then anyone that was selling short up here was not, again not
--allowed to be a participant in this move that's coming. So therefore, they not
--
--72
--00:14:34,710 ~-~-> 00:14:45,540
--visit individuals out. So I want to hold on to this position. It admittedly, if
--I were to tell you how I feel internally at the time of the entry, and also
--
--73
--00:14:45,570 ~-~-> 00:14:58,440
--currently right now talking to you. I don't feel comfortable about the trade.
--Now in my past history. Every time I've had a trade that felt uncomfortable the
--
--74
--00:14:58,440 ~-~-> 00:15:08,160
--whole if I didn't like the way it felt, while I was in it, they generally are
--the ones that pan out because they're the ones that either exit too early. And I
--
--75
--00:15:08,160 ~-~-> 00:15:15,870
--take too much off at my first and second third profit scaling. And I wish back
--in hindsight that I wish I would have held on to it longer with a larger
--
--76
--00:15:15,870 ~-~-> 00:15:26,160
--portion. Because of the feelings I have about that idea. We are still in a
--range, it has yet to break below this low. So we're still inside of a dealing
--
--77
--00:15:26,160 ~-~-> 00:15:35,370
--range. What's the range now to this high in this low, we're on the low end of
--it. Now, we could have just very easily traded below this low here, and it
--
--78
--00:15:35,370 ~-~-> 00:15:44,130
--starts to tear off and goes higher and stops me out. And that's trading. That's
--the way it works. Sometimes you just you're just wrong. I have a rule based idea
--
--79
--00:15:44,130 ~-~-> 00:15:55,890
--that I'd like to be able to take something off below this low here. Now I could
--take off something right now. And essentially, I would have 20 pips or so. But I
--
--80
--00:15:55,890 ~-~-> 00:16:07,800
--only have two and a half standard watts on in terms of leverage, one over 100
--and some $1,000 demo account. So I don't have a lot to be concerned about you if
--
--81
--00:16:07,800 ~-~-> 00:16:18,930
--it stopped me out. And I don't have a lot to make as an illustration for this
--idea. But admittedly because of the technicals that are here. And because we
--
--82
--00:16:18,930 ~-~-> 00:16:29,580
--just moved out of just the high end of the range that the final Friday's non
--farm payroll price action, until we break out below this low, then I'd feel
--
--83
--00:16:29,580 ~-~-> 00:16:36,840
--better about the likelihood that reaching below here. But right now it's still
--hammering around, they could come all the way back up to the top, near the top
--
--84
--00:16:36,840 ~-~-> 00:16:49,110
--of this range. And everything I have an open profit for this setup would be
--eroded. So what was the point of this video, the point of the video is to see if
--
--85
--00:16:49,110 ~-~-> 00:17:01,920
--he starts seeing opposing conditions that would present both sides. Okay, this
--is obviously a nice ideal scenario to be a buyer at when classical support
--
--86
--00:17:01,920 ~-~-> 00:17:12,360
--resistance would work. If you just use this Oh, hi, yet classical support
--resistance would be favorable here. In this area here, when we have a high a low
--
--87
--00:17:12,390 ~-~-> 00:17:22,470
--higher high once the lower point or low and between those two highs is broken on
--the downside, draw that level as your resistance generally, it'll act as
--
--88
--00:17:22,470 ~-~-> 00:17:35,940
--resistance and your classical support as our levels will work. But if we have a
--range that's defined with this massive repricing as what this is here, all of
--
--89
--00:17:35,940 ~-~-> 00:17:46,680
--this by side delivery, extremely overweighted. On the buy side, the market does
--in fact rebounds right at this point here and it spends a lot of time
--
--90
--00:17:46,680 ~-~-> 00:18:00,360
--accumulating right off of this breaker. It runs up to its obvious level of order
--flow that would create a barrier or wall. Now they tried several times to drive
--
--91
--00:18:00,360 ~-~-> 00:18:09,060
--it up in there one more time here higher high, and it just couldn't find
--traction going up. But even though it didn't find traction going up, this
--
--92
--00:18:09,390 ~-~-> 00:18:18,900
--retracement really wasn't all that energetic either. So what I'm doing is I'm
--using a very, very small position to get attached
--
--93
--00:18:19,079 ~-~-> 00:18:29,249
--to this particular pair. Because I have a position and it allows me to think
--about what I would be feeling if I had skin in the race. In other words, if I
--
--94
--00:18:29,249 ~-~-> 00:18:37,439
--had money, and at that risk, which I don't own this because it's a demo trade,
--everything I teach with is a demo. Now you can have an issue with that and say,
--
--95
--00:18:37,439 ~-~-> 00:18:44,789
--well, you have any business teaching, because you're not trading with real
--money. I'm not here to defend that I could care less. Okay, I'm teaching
--
--96
--00:18:44,789 ~-~-> 00:18:54,839
--conceptually. And if you're a new trader, that's my target audience, because you
--need to have some kind of foundation and you don't build a foundation with live
--
--97
--00:18:54,839 ~-~-> 00:19:03,689
--funds, because the only thing it's going to do is teach you bad habits, and poor
--thinking and worry about the money. And I'm teaching the concept of reading
--
--98
--00:19:03,689 ~-~-> 00:19:13,649
--price action, if you can respect that. Going forward and just understand it the
--conceptual ideas that I teach, repeat over and over and over again. That does
--
--99
--00:19:13,649 ~-~-> 00:19:25,589
--not translate into money. Now, it could, if you do it with a Live account, and
--it pans out in your favor. But it also can and it absolutely will turn around on
--
--100
--00:19:25,589 ~-~-> 00:19:35,129
--you. And you'll do it wrong and you'll suffer a loss. If you try to trade with
--live money. Nothing that I do in my teachings provides a 100% strike rate, it
--
--101
--00:19:35,129 ~-~-> 00:19:51,269
--doesn't happen. I take losses I lose sometimes I get it wrong sometimes. I just
--read it wrong. And I'm not stating that this is going to make you money. I'm
--
--102
--00:19:51,269 ~-~-> 00:20:02,609
--stating that this is going to help you avoid times when the market is far less
--likely to pan out in your favor. And then Again, it's whenever we see opposing
--
--103
--00:20:03,179 ~-~-> 00:20:12,149
--ideas, and you're inside of a trapped range ready to hit the market can't find
--its way out. If you go back and look at periods where there's extended
--
--104
--00:20:12,149 ~-~-> 00:20:24,839
--consolidation in a market or specific asset class, chances are you're going to
--find this scenario. Cake this, there's a there's a good side and a bad side to
--
--105
--00:20:24,839 ~-~-> 00:20:35,459
--this. Okay, the bad side is it's very difficult to find moves with a great deal
--of magnitude that go higher or lower, we have to find our way out of that that
--
--106
--00:20:35,459 ~-~-> 00:20:48,509
--range first. The good news about this is that there's going to be a large
--displacement that will occur once we exit this range, once there has been a
--
--107
--00:20:48,509 ~-~-> 00:20:57,629
--buildup of positions, and we don't know for certain if it's the institutional
--buying or the institutional selling that has the heavier weight. I don't know
--
--108
--00:20:57,629 ~-~-> 00:21:08,639
--that. But I know that once we leave this range, we'll have a pretty high odds
--that we're going to have a sustained price move of several 100 pips both know it
--
--109
--00:21:08,639 ~-~-> 00:21:19,409
--could be, you know, move up several 100 pips or several 100 PIP move lower, I
--don't know at this point. But I'm placing weight on the fact that I want to be
--
--110
--00:21:19,409 ~-~-> 00:21:26,819
--on the high end of the range here, with the likelihood of it clearing up these
--relatively equal lows. And that's what this liquidity pool is, if we run through
--
--111
--00:21:26,819 ~-~-> 00:21:37,739
--this and serve some kind of energy, I would like to see it below, here. But if
--I'm wrong, and it trades all the way up, stops this out and trades above this
--
--112
--00:21:37,739 ~-~-> 00:21:46,439
--liquidity pool, relative equal highs, then I think that this high is going to be
--taken out, and we'll probably trade, you know, a little bit longer move on the
--
--113
--00:21:46,439 ~-~-> 00:21:58,229
--upside. If you look at also, euro dollar, you know, we've been in a really
--sloppy consolidation. For months since the fall of last year, the Euro dollar
--
--114
--00:21:58,229 ~-~-> 00:22:12,059
--has basically been sleeping inside of a range of a couple 100 pips. And this
--movement here, it's highly suspect to just remaining in the range. So to help me
--
--115
--00:22:12,059 ~-~-> 00:22:23,639
--get a better feel of what prices in initially showing right now, for this week,
--I wanted to carry something from over on non farm payroll, I wanted to see how
--
--116
--00:22:23,639 ~-~-> 00:22:33,029
--we opened up we didn't really open up to much different from where we closed on
--Friday. So again, I'm watching to see if we reject this low, and then we try to
--
--117
--00:22:33,029 ~-~-> 00:22:45,569
--run higher up, it would look really weird in terms of price action, but it can
--do it. And it would only be beneficial to me. If we run these highs, because I
--
--118
--00:22:45,569 ~-~-> 00:22:53,669
--think then this high would be taken out. And we were just going to continuously
--press higher on the higher time frame dealing range being broken. But for now,
--
--119
--00:22:53,699 ~-~-> 00:23:02,819
--as long as we remain below these highs, that obviously would indicate to me that
--we're probably gonna make a run declare up these equal lows. Now it could come
--
--120
--00:23:02,819 ~-~-> 00:23:12,359
--down clearly sequel lows, rebounds this void. And that would be something that
--we monitor monitoring and seeing if they make or attempt to run back up. We
--
--121
--00:23:12,359 ~-~-> 00:23:15,839
--would like to see it obviously find resistance in here and not try to trade back
--above
--
--122
--00:23:15,839 ~-~-> 00:23:24,809
--here and move lower. But you know, we're not in control price, we'll just have
--to see what happens. But I just want to give you guys an opportunity to see what
--
--123
--00:23:25,019 ~-~-> 00:23:35,249
--it looks like when I have problems. Technically, when it's challenging for me,
--because I put a tweet out on Twitter last week and on Friday and mentioned that
--
--124
--00:23:35,789 ~-~-> 00:23:46,889
--euro dollar is between two opposing ideas from my content. This is a bearish
--breaker. Okay, this is a bearish breaker as well. And that's why I have it
--
--125
--00:23:46,979 ~-~-> 00:23:55,889
--directly between both of them. Originally, it was this one. But this one is a
--breaker as well. And I got a question asked, you know, what is? Why is this a
--
--126
--00:23:55,889 ~-~-> 00:24:06,569
--breaker because what stops would have ran out first. It's this short term high
--right here. So the high, low higher high liquidity was ran out here. And then we
--
--127
--00:24:06,569 ~-~-> 00:24:18,179
--broke down through it. So that makes this a breaker. So you can see there's all
--kinds of layered, opposing ideas. So if I'm trading, I want to find a very low
--
--128
--00:24:18,179 ~-~-> 00:24:29,819
--resistance liquidity run. That means everything is so heavily weighted in my
--direction, or my idea in that trade setup, that it's going to take a real move
--
--129
--00:24:29,819 ~-~-> 00:24:40,619
--of significance for me to be wrong, and see it fail. The more adversities and
--things you have standing in your way with your trade idea. We shouldn't be
--
--130
--00:24:40,619 ~-~-> 00:24:48,599
--surprised when we have a trade that stops us out or it fails to move out. And
--this wears us down emotionally and psychologically. We just can't stand anymore.
--
--131
--00:24:48,599 ~-~-> 00:24:59,669
--We just closed the trade. If you look at the overall market environment, it will
--look many times similar or similar in many ways. Like I'm describing here, the
--
--132
--00:24:59,669 ~-~-> 00:25:07,559
--market In consolidation, so if you look at when markets are trading and trading
--ranges, now you understand we can go back and look at price, you'll see that
--
--133
--00:25:07,559 ~-~-> 00:25:18,359
--it's being held between two breakers. And one of those breakers gonna have to
--give way and then the market will have a much easier way to trade from high
--
--134
--00:25:18,359 ~-~-> 00:25:28,199
--resistance liquidity runs, which is where we're at right now. It makes it very
--hard for markets to find sustainable moves, then transitioning from that to low
--
--135
--00:25:28,199 ~-~-> 00:25:34,979
--resistance liquidity runs, or very efficient, symmetrical price movement. So
--hopefully you found this insightful and I'll talk to you next time wish good
--
--136
--00:25:34,979 ~-~-> 00:25:35,999
--luck and good trading.

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