Skip to Content
Version 1.1 by Drunk Monkey on 2020-11-20 17:08
Show last authors
1 1
2 00:00:16,170 ~-~-> 00:00:18,360
3 ICT: Okay, folks, welcome back. This is gonna be a lesson on
4
5 2
6 00:00:18,360 ~-~-> 00:00:20,880
7 institutional order flow and secrets of efficient price
8
9 3
10 00:00:20,880 ~-~-> 00:00:24,240
11 delivery in forex. Now what I'm going to be showing you is
12
13 4
14 00:00:24,240 ~-~-> 00:00:28,020
15 the fingerprints of algorithmic signatures. And this is one
16
17 5
18 00:00:28,020 ~-~-> 00:00:30,780
19 of those higher order price action lessons that I would only
20
21 6
22 00:00:30,780 ~-~-> 00:00:31,800
23 give to a charter member.
24
25 7
26 00:00:41,490 ~-~-> 00:00:44,010
27 Okay, institutional order flow and secrets of efficient and
28
29 8
30 00:00:44,010 ~-~-> 00:00:49,410
31 price delivery in forex. We're gonna be introducing the
32
33 9
34 00:00:49,440 ~-~-> 00:00:54,240
35 interbank dealing range, external and internal range
36
37 10
38 00:00:54,240 ~-~-> 00:01:00,750
39 liquidity, weekly power three heirarchy and institutional
40
41 11
42 00:01:00,750 ~-~-> 00:01:05,430
43 order flow out epta interbank price delivery algorithm
44
45 12
46 00:01:05,460 ~-~-> 00:01:12,660
47 delivers efficient price and a weekly low delivery. So when
48
49 13
50 00:01:12,660 ~-~-> 00:01:18,450
51 you look at price action, and I school, all my students with
52
53 14
54 00:01:18,450 ~-~-> 00:01:24,600
55 the thought process of removing this insatiable need to have
56
57 15
58 00:01:24,600 ~-~-> 00:01:28,830
59 indicators on your chart, I'm going to show you why
60
61 16
62 00:01:28,830 ~-~-> 00:01:33,540
63 indicators are not required by actually putting on an
64
65 17
66 00:01:33,540 ~-~-> 00:01:37,020
67 indicator. So I'm saying this up front. Okay, I guess
68
69 18
70 00:01:37,020 ~-~-> 00:01:39,900
71 there's people making YouTube videos about me saying that I
72
73 19
74 00:01:39,900 ~-~-> 00:01:44,250
75 use indicators, despite me saying I don't believe that
76
77 20
78 00:01:44,250 ~-~-> 00:01:47,010
79 anyone should be using indicators. So there's a context,
80
81 21
82 00:01:47,070 ~-~-> 00:01:50,070
83 okay, that you have to have. And I'm only going to be
84
85 22
86 00:01:50,070 ~-~-> 00:01:53,370
87 showing this in contrast. So you'll see that the visibility
88
89 23
90 00:01:53,370 ~-~-> 00:01:58,560
91 that my concepts and processes, allow me to see everything
92
93 24
94 00:01:58,560 ~-~-> 00:02:01,380
95 before your indicators will show you overbought, oversold,
96
97 25
98 00:02:01,380 ~-~-> 00:02:05,130
99 and things of that nature. Alright, so this is kind of
100
101 26
102 00:02:05,490 ~-~-> 00:02:10,800
103 advanced. So if you're new to my work, it's probably going
104
105 27
106 00:02:10,800 ~-~-> 00:02:14,220
107 to go over your head and in certain parts. For some of you
108
109 28
110 00:02:14,220 ~-~-> 00:02:16,740
111 that have been familiar with my YouTube channel for years,
112
113 29
114 00:02:17,490 ~-~-> 00:02:21,600
115 you're going to see some things that my mentorship group is
116
117 30
118 00:02:21,600 ~-~-> 00:02:24,900
119 very familiar with. And you're going to see things that
120
121 31
122 00:02:24,900 ~-~-> 00:02:30,060
123 you've not been exposed to anywhere else. This is the actual
124
125 32
126 00:02:30,090 ~-~-> 00:02:33,960
127 market. This is how the markets book. This is how the price
128
129 33
130 00:02:33,960 ~-~-> 00:02:40,800
131 is created and presented on your charts. It's not patterns.
132
133 34
134 00:02:41,310 ~-~-> 00:02:44,850
135 Okay, it's efficient delivery. And I'll explain that when we
136
137 35
138 00:02:44,850 ~-~-> 00:02:48,840
139 get to the chart. So let's do that now. Alright, folks, we
140
141 36
142 00:02:48,840 ~-~-> 00:02:51,030
143 are looking at the euro dollar, this is a 15 minute
144
145 37
146 00:02:51,030 ~-~-> 00:02:54,870
147 timeframe. And the data that I'm displaying is from the feed
148
149 38
150 00:02:54,900 ~-~-> 00:02:58,890
151 that's offered on trading view for forex.com. So that way,
152
153 39
154 00:02:59,220 ~-~-> 00:03:01,770
155 if you want to compare and contrast your own charts, and
156
157 40
158 00:03:01,800 ~-~-> 00:03:04,110
159 look at what I'm showing you here, that way, everything will
160
161 41
162 00:03:04,110 ~-~-> 00:03:07,770
163 be on the up and up. Right, so I want you to look at this
164
165 42
166 00:03:08,760 ~-~-> 00:03:14,940
167 segment of price action. And right away, I already know an
168
169 43
170 00:03:14,940 ~-~-> 00:03:19,170
171 anticipate. And it's unreasonable for you to understand
172
173 44
174 00:03:19,290 ~-~-> 00:03:22,470
175 where I'm going to draw your attention to. But I'm going to
176
177 45
178 00:03:22,470 ~-~-> 00:03:26,970
179 hopefully, pull back the veil a little bit and show you how
180
181 46
182 00:03:26,970 ~-~-> 00:03:31,290
183 these algorithms operate and where they reach for for their
184
185 47
186 00:03:31,710 ~-~-> 00:03:37,590
187 data. Okay, which is what I teach is a pdra critical highs
188
189 48
190 00:03:37,590 ~-~-> 00:03:42,600
191 and lows, areas of inefficiency, where price needs to most
192
193 49
194 00:03:42,600 ~-~-> 00:03:45,150
195 likely go back to and rebalance. And I'll explain what that
196
197 50
198 00:03:45,150 ~-~-> 00:03:50,070
199 is when we get into the video. But looking at this price
200
201 51
202 00:03:50,070 ~-~-> 00:03:55,350
203 action, there are specific things that are important. And
204
205 52
206 00:03:55,380 ~-~-> 00:04:00,480
207 it's not obvious to traders unless they're schooled to look
208
209 53
210 00:04:00,480 ~-~-> 00:04:05,550
211 for it. And no one out there has ever revealed this before.
212
213 54
214 00:04:05,880 ~-~-> 00:04:12,510
215 No one has ever explained how these things occur. They
216
217 55
218 00:04:12,510 ~-~-> 00:04:15,780
219 always have these little pieces of things. And it feels like
220
221 56
222 00:04:15,780 ~-~-> 00:04:20,340
223 you've always been in search of that next thing, if I could
224
225 57
226 00:04:20,340 ~-~-> 00:04:24,690
227 just figure out that one thing that unlocks everything. And
228
229 58
230 00:04:24,690 ~-~-> 00:04:27,660
231 while this lesson isn't necessarily going to do that, it's
232
233 59
234 00:04:27,660 ~-~-> 00:04:29,220
235 going to show you again,
236
237 60
238 00:04:31,110 ~-~-> 00:04:36,810
239 I have a very deep cookie jar, okay. The lessons that I have
240
241 61
242 00:04:36,810 ~-~-> 00:04:40,680
243 taught publicly and even in my private mentorship. They're
244
245 62
246 00:04:40,680 ~-~-> 00:04:44,790
247 not done. They're nowhere near done. And there's so much
248
249 63
250 00:04:44,790 ~-~-> 00:04:49,050
251 more depth to it. So I'm going to kind of bring you into
252
253 64
254 00:04:49,050 ~-~-> 00:04:51,690
255 this and even my charter members have not been exposed to
256
257 65
258 00:04:51,690 ~-~-> 00:04:55,770
259 this. So I want you to number one, appreciate the fact that
260
261 66
262 00:04:55,770 ~-~-> 00:05:01,260
263 my willingness to do this is very cherished. Okay, so I
264
265 67
266 00:05:01,260 ~-~-> 00:05:04,290
267 don't need to do this, I do this simply because I enjoy it.
268
269 68
270 00:05:04,470 ~-~-> 00:05:07,080
271 And that's also kind of like a way for me to snub my nose at
272
273 69
274 00:05:07,080 ~-~-> 00:05:09,480
275 the folks that think they know everything because they got a
276
277 70
278 00:05:09,480 ~-~-> 00:05:13,020
279 couple videos on the slide. So we're looking at the Euro
280
281 71
282 00:05:13,020 ~-~-> 00:05:15,480
283 dollars to 15 minute timeframe. And I want to take your
284
285 72
286 00:05:15,480 ~-~-> 00:05:18,000
287 attention to this area right over here. Now everyone knows,
288
289 73
290 00:05:18,030 ~-~-> 00:05:20,160
291 because of this YouTube channel, I've made it very public.
292
293 74
294 00:05:20,820 ~-~-> 00:05:23,190
295 And everyone has it in their analysis. And that's great,
296
297 75
298 00:05:23,340 ~-~-> 00:05:26,550
299 because that was reason why I shared I want everyone to
300
301 76
302 00:05:26,550 ~-~-> 00:05:30,120
303 learn from it and grow from it. But these relative equal
304
305 77
306 00:05:30,120 ~-~-> 00:05:35,070
307 highs, above that there's going to be by side liquidity. And
308
309 78
310 00:05:35,100 ~-~-> 00:05:39,810
311 below this area here would be self signed liquidity. But if
312
313 79
314 00:05:39,810 ~-~-> 00:05:42,660
315 you're looking at your chart, and say, This is the chart
316
317 80
318 00:05:42,660 ~-~-> 00:05:45,060
319 that you have, at the time and say this is mark to market
320
321 81
322 00:05:45,060 ~-~-> 00:05:48,480
323 right now real time, wherever you are in the world, this is
324
325 82
326 00:05:48,480 ~-~-> 00:05:54,990
327 what your chart looks like. What do you use to glean any
328
329 83
330 00:05:54,990 ~-~-> 00:06:00,000
331 kind of information? Well, I'm going to introduce the
332
333 84
334 00:06:00,000 ~-~-> 00:06:05,280
335 interbank dealing range. And what that is, is a specific
336
337 85
338 00:06:05,310 ~-~-> 00:06:11,250
339 range, okay. You probably seen even my videos in the past as
340
341 86
342 00:06:11,250 ~-~-> 00:06:14,460
343 well, where I'll take a Fibonacci and I'll lay it over top
344
345 87
346 00:06:14,460 ~-~-> 00:06:17,910
347 of a particular price like, or a particular swing low to
348
349 88
350 00:06:17,910 ~-~-> 00:06:20,490
351 swing high or swing high to swing low. And perhaps you
352
353 89
354 00:06:20,490 ~-~-> 00:06:23,700
355 looked at that and thought, why is he picking that swing and
356
357 90
358 00:06:23,700 ~-~-> 00:06:26,310
359 not this swing? And I've had trolls in the past, you know,
360
361 91
362 00:06:26,310 ~-~-> 00:06:28,800
363 say, you know, he doesn't know what he's doing. It's just
364
365 92
366 00:06:28,800 ~-~-> 00:06:32,970
367 he's cherry picking. I'm going to show you one of the things
368
369 93
370 00:06:32,970 ~-~-> 00:06:37,470
371 that I do. And it's based on how the algorithm refers to old
372
373 94
374 00:06:37,470 ~-~-> 00:06:42,120
375 data. Your indicators don't calculate on the basis of this,
376
377 95
378 00:06:42,600 ~-~-> 00:06:46,200
379 your school of thought, and retail things that I even
380
381 96
382 00:06:46,200 ~-~-> 00:06:50,670
383 studied to folks. Okay, I started in 1992. And I was
384
385 97
386 00:06:50,670 ~-~-> 00:06:53,070
387 actually introduced to technical analysis back when I was
388
389 98
390 00:06:53,070 ~-~-> 00:06:56,760
391 16, which was years before 1992. My uncle actually was
392
393 99
394 00:06:56,760 ~-~-> 00:07:01,260
395 trying to teach me technical analysis back in 1988. And
396
397 100
398 00:07:01,410 ~-~-> 00:07:03,900
399 being a young man, I really wasn't all that interested. But
400
401 101
402 00:07:03,900 ~-~-> 00:07:06,750
403 I was being exposed to it at that point, overbought,
404
405 102
406 00:07:06,750 ~-~-> 00:07:11,160
407 oversold trendlines, and that such so. But in 1992, I
408
409 103
410 00:07:11,160 ~-~-> 00:07:17,700
411 formally sat down and began my learning November 5 1992, on
412
413 104
414 00:07:17,700 ~-~-> 00:07:23,070
415 a Thursday night at 9pm. So that's one of those moments in
416
417 105
418 00:07:23,070 ~-~-> 00:07:25,500
419 my career, I can look back and say all that started then
420
421 106
422 00:07:25,500 ~-~-> 00:07:29,940
423 that was like my birthday as ICT. None of the books I've
424
425 107
426 00:07:29,970 ~-~-> 00:07:33,270
427 purchased none of the courses I purchased, none of the
428
429 108
430 00:07:33,510 ~-~-> 00:07:37,470
431 seminars I attended, all those things never really got to
432
433 109
434 00:07:37,470 ~-~-> 00:07:40,980
435 the heart of what makes price move. Why is it doing what
436
437 110
438 00:07:40,980 ~-~-> 00:07:44,550
439 it's doing. And this is one of those lessons to show you
440
441 111
442 00:07:44,550 ~-~-> 00:07:47,610
443 just how much is actually going on behind the scenes that
444
445 112
446 00:07:47,610 ~-~-> 00:07:50,730
447 you're never really exposed to. I want you to take a look at
448
449 113
450 00:07:50,730 ~-~-> 00:07:55,020
451 this area here where the bias of liquidity is you see how we
452
453 114
454 00:07:55,020 ~-~-> 00:07:59,910
455 ran above that with this price run. And now also, can you
456
457 115
458 00:07:59,910 ~-~-> 00:08:05,250
459 see how this swing low here that starts this price run was
460
461 116
462 00:08:05,460 ~-~-> 00:08:09,900
463 taken out with this movement here. So we have two reference
464
465 117
466 00:08:09,900 ~-~-> 00:08:15,090
467 points. One, this is a run on external range, liquidity
468
469 118
470 00:08:15,600 ~-~-> 00:08:22,980
471 that's over here. And this low here is a run on internal
472
473 119
474 00:08:22,980 ~-~-> 00:08:26,310
475 range liquidity. Now while I'm not going to go into great
476
477 120
478 00:08:26,310 ~-~-> 00:08:29,460
479 detail about what exactly is internal range and external
480
481 121
482 00:08:29,460 ~-~-> 00:08:32,730
483 range liquidity, it's important for you just to understand
484
485 122
486 00:08:32,730 ~-~-> 00:08:38,400
487 that I'm calling reference points to this low. And these
488
489 123
490 00:08:38,400 ~-~-> 00:08:42,780
491 highs and we have cleared the board if you will, on both
492
493 124
494 00:08:42,780 ~-~-> 00:08:47,100
495 side, sell stocks below this low had been taken out and buy
496
497 125
498 00:08:47,100 ~-~-> 00:08:49,740
499 stops above these Highs over here have been taken out with
500
501 126
502 00:08:49,740 ~-~-> 00:08:54,480
503 this price run. So that means we have a specific price
504
505 127
506 00:08:54,480 ~-~-> 00:09:02,700
507 range. And I'm gonna show you that now. We have this new low
508
509 128
510 00:09:03,840 ~-~-> 00:09:08,730
511 and this high. What that is, is the interbank dealing range
512
513 129
514 00:09:08,730 ~-~-> 00:09:14,550
515 high and low. What it specifically draws attention to is the
516
517 130
518 00:09:14,550 ~-~-> 00:09:20,040
519 most recent run on liquidity above the marketplace which is
520
521 131
522 00:09:20,040 ~-~-> 00:09:23,460
523 buy side liquidity and below the marketplace which is sell
524
525 132
526 00:09:23,460 ~-~-> 00:09:24,240
527 side liquidity.
528
529 133
530 00:09:24,869 ~-~-> 00:09:29,489
531 So once you have arrived at a particular swing that has done
532
533 134
534 00:09:29,489 ~-~-> 00:09:33,749
535 both ran buy side and sell side. Now in this instance you
536
537 135
538 00:09:33,749 ~-~-> 00:09:36,359
539 can see how prices ran by side above these relative equal
540
541 136
542 00:09:36,359 ~-~-> 00:09:38,939
543 Highs over here. It ran all that buy side liquidity out
544
545 137
546 00:09:38,939 ~-~-> 00:09:42,779
547 first then it ran for this area here which below that low
548
549 138
550 00:09:42,779 ~-~-> 00:09:47,249
551 would be sell side liquidity. So in this instance, the macro
552
553 139
554 00:09:47,249 ~-~-> 00:09:50,969
555 was run by side first then attack sell side where it could
556
557 140
558 00:09:50,969 ~-~-> 00:09:54,719
559 have started running sell side first and then running by
560
561 141
562 00:09:54,719 ~-~-> 00:09:57,989
563 side. But you would use whatever those key highs and lows
564
565 142
566 00:09:57,989 ~-~-> 00:10:04,679
567 are that way runs both sides of the marketplace. So, again,
568
569 143
570 00:10:04,709 ~-~-> 00:10:09,779
571 it's not important for you to understand this at all, at
572
573 144
574 00:10:09,779 ~-~-> 00:10:13,379
575 this point, just know that that's the framework I'm using. I
576
577 145
578 00:10:13,379 ~-~-> 00:10:16,319
579 teach internal range and external range liquidity and
580
581 146
582 00:10:16,319 ~-~-> 00:10:19,259
583 dealing ranges. But it's beyond the scope and time because
584
585 147
586 00:10:19,259 ~-~-> 00:10:22,139
587 it takes multiple lessons, but I'm introducing it publicly
588
589 148
590 00:10:22,139 ~-~-> 00:10:26,909
591 here. Because I just want to show you, I just really want to
592
593 149
594 00:10:26,909 ~-~-> 00:10:31,379
595 show you something that transcends everything else. Okay,
596
597 150
598 00:10:31,379 ~-~-> 00:10:33,479
599 and you'll see the logic. And you'll also start to see some
600
601 151
602 00:10:33,479 ~-~-> 00:10:36,149
603 of the things I've made available for free on this YouTube
604
605 152
606 00:10:36,149 ~-~-> 00:10:40,469
607 channel, how they plug into this narrative. And it becomes
608
609 153
610 00:10:40,469 ~-~-> 00:10:44,519
611 like Swiss timepiece, it's perfection. Because if these
612
613 154
614 00:10:44,519 ~-~-> 00:10:48,209
615 markets are, in fact, rigged, if they're controlled, there's
616
617 155
618 00:10:48,209 ~-~-> 00:10:50,729
619 going to be signatures that prove that they are and they're
620
621 156
622 00:10:50,729 ~-~-> 00:10:53,219
623 going to be precise, and they're going to be predictable.
624
625 157
626 00:10:53,759 ~-~-> 00:10:59,549
627 They won't have any area of randomness, if you will, okay,
628
629 158
630 00:10:59,549 ~-~-> 00:11:05,999
631 so, this area here in this area here, I have done introduce
632
633 159
634 00:11:05,999 ~-~-> 00:11:08,849
635 that. So both buy side and sell side equity has been purged,
636
637 160
638 00:11:08,879 ~-~-> 00:11:13,439
639 now this low and this high, that's your range. Okay. So if
640
641 161
642 00:11:13,439 ~-~-> 00:11:18,269
643 we scrub over, you can see how we've started to run higher.
644
645 162
646 00:11:18,689 ~-~-> 00:11:22,199
647 And once you have that dealing range, okay, the interbank
648
649 163
650 00:11:22,199 ~-~-> 00:11:26,369
651 dealing range means that there's going to be a lot of
652
653 164
654 00:11:26,399 ~-~-> 00:11:32,099
655 interest in seeing price returned back inside this range to
656
657 165
658 00:11:32,099 ~-~-> 00:11:36,509
659 a particular price level. Now, as retail traders, we're
660
661 166
662 00:11:36,509 ~-~-> 00:11:40,139
663 indoctrinated to think in terms of buying when the markets
664
665 167
666 00:11:40,139 ~-~-> 00:11:43,139
667 are oversold, and selling short the markets when they're
668
669 168
670 00:11:43,139 ~-~-> 00:11:46,949
671 overbought. And right away, you'd look for things and you
672
673 169
674 00:11:46,949 ~-~-> 00:11:49,469
675 probably some of you that are really hot guide, you probably
676
677 170
678 00:11:49,469 ~-~-> 00:11:51,659
679 always seen this, they can say he's using indicators the
680
681 171
682 00:11:51,659 ~-~-> 00:11:55,049
683 whole time, he's not a liar. He's a lie. You're he's trading
684
685 172
686 00:11:55,049 ~-~-> 00:11:59,909
687 divergence on percent are. I'll bring this up in a second.
688
689 173
690 00:11:59,909 ~-~-> 00:12:06,659
691 But we look at price action. In my group in my community, I
692
693 174
694 00:12:06,989 ~-~-> 00:12:10,709
695 convey the importance of just reading price action, because
696
697 175
698 00:12:10,709 ~-~-> 00:12:13,619
699 it'll give you overbought, oversold by understanding the
700
701 176
702 00:12:13,619 ~-~-> 00:12:16,589
703 ranges that you're trading in. A lot of folks don't realize
704
705 177
706 00:12:16,589 ~-~-> 00:12:18,389
707 when you're looking at overbought oversold indicators or
708
709 178
710 00:12:18,389 ~-~-> 00:12:21,389
711 momentum indicators, the mathematics behind that they're
712
713 179
714 00:12:21,389 ~-~-> 00:12:26,099
715 just looking at a predetermined range of bars. Okay, and
716
717 180
718 00:12:26,099 ~-~-> 00:12:28,139
719 then wherever the highest time we were the lowest lowest,
720
721 181
722 00:12:28,319 ~-~-> 00:12:31,979
723 then it plots that and it gives you what we understand in
724
725 182
726 00:12:31,979 ~-~-> 00:12:35,249
727 the retail universe is overbought, oversold, but you don't
728
729 183
730 00:12:35,249 ~-~-> 00:12:39,419
731 need that. Okay, so the line that you see here, this orange
732
733 184
734 00:12:39,419 ~-~-> 00:12:44,339
735 line, I'm going to outline what that is, if you take the
736
737 185
738 00:12:44,339 ~-~-> 00:12:47,579
739 high here that ran the by side liquidity, and then this low
740
741 186
742 00:12:47,579 ~-~-> 00:12:51,389
743 here taken out there, that low, between this low and this
744
745 187
746 00:12:51,389 ~-~-> 00:12:55,409
747 high, if you'd find the exact midpoint. And the way you can
748
749 188
750 00:12:55,439 ~-~-> 00:12:59,129
751 do that is use a Fibonacci to get a 50% level. That's really
752
753 189
754 00:12:59,129 ~-~-> 00:13:03,239
755 the importance of the Fibonacci To me, the 50 level, because
756
757 190
758 00:13:03,839 ~-~-> 00:13:08,009
759 at this level, if price goes above it, while inside this
760
761 191
762 00:13:08,009 ~-~-> 00:13:12,779
763 range between this high and this low, we are at a short term
764
765 192
766 00:13:12,779 ~-~-> 00:13:16,469
767 overbought scenario. Now, by itself, it doesn't mean
768
769 193
770 00:13:16,469 ~-~-> 00:13:21,299
771 anything. If we can draw some kind of parallel to something
772
773 194
774 00:13:21,299 ~-~-> 00:13:25,259
775 in this price leg, when we are above that midpoint, or
776
777 195
778 00:13:25,289 ~-~-> 00:13:31,259
779 equilibrium, then it's more salient, it's meaningful, it's
780
781 196
782 00:13:31,259 ~-~-> 00:13:35,009
783 something that we can take action on. Okay. Just because we
784
785 197
786 00:13:35,009 ~-~-> 00:13:37,229
787 went above that doesn't necessarily mean that there's a
788
789 198
790 00:13:37,229 ~-~-> 00:13:41,459
791 setup that I as ICT would take. Now, it means that we can
792
793 199
794 00:13:41,459 ~-~-> 00:13:45,689
795 anticipate some measure of a decline, but that might not
796
797 200
798 00:13:45,689 ~-~-> 00:13:49,349
799 necessarily equate to a short. Okay, and I'll explain as we
800
801 201
802 00:13:49,349 ~-~-> 00:13:52,739
803 go along. But as we go further in the price action, we start
804
805 202
806 00:13:52,739 ~-~-> 00:13:56,219
807 a new week here. So this is all price action from last week.
808
809 203
810 00:13:56,579 ~-~-> 00:13:59,609
811 And Monday's trading starts here. And then we go deeper
812
813 204
814 00:13:59,639 ~-~-> 00:14:04,799
815 above this high and deeper, in reference to this high, too
816
817 205
818 00:14:04,799 ~-~-> 00:14:09,119
819 low, see how much higher we are up here. We aren't going
820
821 206
822 00:14:09,119 ~-~-> 00:14:11,699
823 back to this high. All we're trying to do is look for
824
825 207
826 00:14:11,699 ~-~-> 00:14:15,179
827 periods where it trades above this orange line that the
828
829 208
830 00:14:15,179 ~-~-> 00:14:15,809
831 darker one
832
833 209
834 00:14:20,700 ~-~-> 00:14:22,530
835 actually can take this line off as a matter of fact, has
836
837 210
838 00:14:22,530 ~-~-> 00:14:24,270
839 already talked about the liquidity pool. So let's take that
840
841 211
842 00:14:24,270 ~-~-> 00:14:27,030
843 off. And then we'll probably make it a little easier for you
844
845 212
846 00:14:27,030 ~-~-> 00:14:30,240
847 to follow along. So this was the initial run above the
848
849 213
850 00:14:30,240 ~-~-> 00:14:33,390
851 midpoint, okay, and anytime we get above the midpoint of a
852
853 214
854 00:14:33,390 ~-~-> 00:14:38,010
855 particular range. The algorithm sees that as a premium.
856
857 215
858 00:14:38,400 ~-~-> 00:14:40,530
859 Okay, and what does that mean? It means that it's too
860
861 216
862 00:14:40,530 ~-~-> 00:14:45,990
863 expensive, okay, or approaching expensive. Now, much like in
864
865 217
866 00:14:45,990 ~-~-> 00:14:49,110
867 the same idea that overbought and oversold overbought
868
869 218
870 00:14:49,110 ~-~-> 00:14:51,900
871 conditions can stay overbought and the market can still go
872
873 219
874 00:14:51,900 ~-~-> 00:14:55,770
875 higher. So don't don't misunderstand what I'm saying here
876
877 220
878 00:14:55,770 ~-~-> 00:14:58,680
879 and saying that when whenever we're above the midpoint,
880
881 221
882 00:14:58,680 ~-~-> 00:15:02,700
883 that's a easy slam dunk, overbought or shorting scenario,
884
885 222
886 00:15:03,360 ~-~-> 00:15:06,810
887 you have to reference things inside this price leg. Okay, so
888
889 223
890 00:15:06,810 ~-~-> 00:15:09,420
891 inside this price leg, there are specific things that we
892
893 224
894 00:15:09,420 ~-~-> 00:15:13,320
895 look for that if they line up with time and price, not price
896
897 225
898 00:15:13,320 ~-~-> 00:15:18,090
899 in time, time and price, then you'll see a high probability
900
901 226
902 00:15:18,090 ~-~-> 00:15:24,300
903 scenario unfold. You also bring in day of the week. So day
904
905 227
906 00:15:24,300 ~-~-> 00:15:28,320
907 of the week is, as I taught even on this YouTube channel,
908
909 228
910 00:15:28,620 ~-~-> 00:15:33,810
911 and back in 2010, I shared it publicly on baby pips, where
912
913 229
914 00:15:34,320 ~-~-> 00:15:38,160
915 the algorithm when we are bearish. Now, if this is the first
916
917 230
918 00:15:38,160 ~-~-> 00:15:40,800
919 time you've watched the video by me, I promise you, if you
920
921 231
922 00:15:40,800 ~-~-> 00:15:43,830
923 go through other videos, you'll hear me discuss this in
924
925 232
926 00:15:43,830 ~-~-> 00:15:46,140
927 great detail. It's not being forfeited, it's not cherry
928
929 233
930 00:15:46,140 ~-~-> 00:15:49,080
931 picked. And also, if you watch the video, I think it was
932
933 234
934 00:15:49,080 ~-~-> 00:15:53,430
935 five or six days ago, from last week, where I even tell you,
936
937 235
938 00:15:53,550 ~-~-> 00:15:57,600
939 there's a particular price level 117 40 was my short term
940
941 236
942 00:15:57,600 ~-~-> 00:16:01,230
943 target, on euro dollar. And if you go and watch that video,
944
945 237
946 00:16:01,230 ~-~-> 00:16:03,330
947 if I'm not mistaken, I think it's like a 15 or 20 minute
948
949 238
950 00:16:03,330 ~-~-> 00:16:06,960
951 video. So it's not hard to find, but go back. And if I
952
953 239
954 00:16:06,960 ~-~-> 00:16:11,280
955 don't, if I try not to forget, I'll add the link to the
956
957 240
958 00:16:11,280 ~-~-> 00:16:13,860
959 video where you can actually hear me talk about 1740 is my
960
961 241
962 00:16:13,860 ~-~-> 00:16:19,710
963 short term target. So and prices up here. So while that's a
964
965 242
966 00:16:19,710 ~-~-> 00:16:24,390
967 target, we have to have something to provide the catalyst
968
969 243
970 00:16:24,450 ~-~-> 00:16:27,240
971 that send price to that particular price level. So we
972
973 244
974 00:16:27,240 ~-~-> 00:16:30,450
975 transition from last week into new trading week here. And
976
977 245
978 00:16:30,450 ~-~-> 00:16:33,690
979 when these price action trades up to this level, and we
980
981 246
982 00:16:33,690 ~-~-> 00:16:38,190
983 consolidate and then Tuesday, which is what I teach if we
984
985 247
986 00:16:38,190 ~-~-> 00:16:42,480
987 are bearish on foreign currency. And I have been bearish and
988
989 248
990 00:16:42,480 ~-~-> 00:16:45,540
991 I mentioned this publicly, in the YouTube videos I've been
992
993 249
994 00:16:45,540 ~-~-> 00:16:48,420
995 putting out last week, I said that I've have a modest
996
997 250
998 00:16:48,930 ~-~-> 00:16:54,300
999 bullish stance on dollar and foreign currency lower. And I
1000
1001 251
1002 00:16:54,300 ~-~-> 00:16:57,990
1003 gave you a particular price level last week. Okay, so I
1004
1005 252
1006 00:16:57,990 ~-~-> 00:17:01,470
1007 forecasted a very price level that you see highlighted here
1008
1009 253
1010 00:17:01,470 ~-~-> 00:17:06,210
1011 on this chart 117 40. And I'll even show you why I use that
1012
1013 254
1014 00:17:06,240 ~-~-> 00:17:08,640
1015 level. Okay, I'm going to pull back the curtain and show you
1016
1017 255
1018 00:17:08,640 ~-~-> 00:17:14,460
1019 everything. But I'm on record days in advance, telling you
1020
1021 256
1022 00:17:14,460 ~-~-> 00:17:17,730
1023 that that's where I think it's going to go. Now I'm going to
1024
1025 257
1026 00:17:17,730 ~-~-> 00:17:22,860
1027 pull together the things that I have taught some where in
1028
1029 258
1030 00:17:22,860 ~-~-> 00:17:26,460
1031 this library of YouTube videos I have, I don't know exactly
1032
1033 259
1034 00:17:26,460 ~-~-> 00:17:28,530
1035 where I have everything. Because I've done a lot of videos
1036
1037 260
1038 00:17:28,530 ~-~-> 00:17:30,870
1039 and off top my head, I just don't know where I have them.
1040
1041 261
1042 00:17:30,870 ~-~-> 00:17:35,970
1043 But it's taught. But I teach that when we're bearish, there
1044
1045 262
1046 00:17:35,970 ~-~-> 00:17:41,640
1047 is a 70% likelihood that the high of the week will form on
1048
1049 263
1050 00:17:41,640 ~-~-> 00:17:46,950
1051 Tuesday. If it doesn't form on Tuesday, it will occur on
1052
1053 264
1054 00:17:46,950 ~-~-> 00:17:50,220
1055 Wednesday. But if it does form on Tuesday, you'll still get
1056
1057 265
1058 00:17:50,220 ~-~-> 00:17:54,630
1059 a very strong sell on Wednesday as well. So your focus
1060
1061 266
1062 00:17:54,630 ~-~-> 00:17:59,040
1063 should be where is price drawing to where's where's the next
1064
1065 267
1066 00:17:59,040 ~-~-> 00:18:03,720
1067 draw on liquidity? Okay, if we're bearish, and this was the
1068
1069 268
1070 00:18:03,720 ~-~-> 00:18:06,780
1071 range that we've outlined here, and this is what I'm
1072
1073 269
1074 00:18:07,080 ~-~-> 00:18:09,750
1075 teaching you how I interpreted price action going into this
1076
1077 270
1078 00:18:09,750 ~-~-> 00:18:13,470
1079 week for euro dollar, then if we're bearish, we anticipate a
1080
1081 271
1082 00:18:13,470 ~-~-> 00:18:17,070
1083 run below this low, it's going to leave that dealing range.
1084
1085 272
1086 00:18:17,550 ~-~-> 00:18:21,150
1087 Because it's already done its work here on by side. And if
1088
1089 273
1090 00:18:21,840 ~-~-> 00:18:24,390
1091 you subscribe to the same view I was holding for weeks now
1092
1093 274
1094 00:18:25,020 ~-~-> 00:18:28,350
1095 that there's a modest not extremely strong but a modest
1096
1097 275
1098 00:18:28,350 ~-~-> 00:18:32,490
1099 bullish stance to dollar. If dollar goes up, there's a more
1100
1101 276
1102 00:18:32,490 ~-~-> 00:18:34,890
1103 likelihood that the foreign currency markets will drop.
1104
1105 277
1106 00:18:35,310 ~-~-> 00:18:39,240
1107 Okay, that's the normal Evan flow. So if we look at the
1108
1109 278
1110 00:18:39,240 ~-~-> 00:18:42,900
1111 relationship of that range from high to low, and now
1112
1113 279
1114 00:18:42,900 ~-~-> 00:18:48,360
1115 incorporate days of the week, here we have Tuesday, Tuesday,
1116
1117 280
1118 00:18:48,390 ~-~-> 00:18:51,960
1119 we started Monday late and then crossed over into Tuesday.
1120
1121 281
1122 00:18:52,470 ~-~-> 00:18:57,570
1123 And then as the market makes its run above this level right
1124
1125 282
1126 00:18:57,570 ~-~-> 00:19:03,000
1127 in here, okay, this level here is an hourly candle
1128
1129 283
1130 00:19:03,780 ~-~-> 00:19:06,630
1131 signature. And it's a rejection block.
1132
1133 284
1134 00:19:07,890 ~-~-> 00:19:11,520
1135 Your teach and mentorship Michael No, I'm demonstrating my
1136
1137 285
1138 00:19:11,520 ~-~-> 00:19:15,810
1139 creations. I have the right to do so. And it still won't
1140
1141 286
1142 00:19:15,870 ~-~-> 00:19:20,910
1143 help you. You have to have me teaching you using it ahead
1144
1145 287
1146 00:19:21,270 ~-~-> 00:19:27,300
1147 and endzone hot plugs in play. mentorship videos is not the
1148
1149 288
1150 00:19:27,300 ~-~-> 00:19:31,020
1151 same thing as you have my entire mentorship I'm not even
1152
1153 289
1154 00:19:31,020 ~-~-> 00:19:34,620
1155 we're nearly done. But because you may have this in your
1156
1157 290
1158 00:19:34,620 ~-~-> 00:19:37,530
1159 notes or you see it know what people's charts they don't
1160
1161 291
1162 00:19:37,530 ~-~-> 00:19:41,550
1163 know everything about these things. It's just a new thing.
1164
1165 292
1166 00:19:41,550 ~-~-> 00:19:45,990
1167 It's a new pattern. It's a new harmonic animal. It's a new
1168
1169 293
1170 00:19:46,710 ~-~-> 00:19:50,490
1171 gimmick Okay, it but nobody else but me knows this stuff.
1172
1173 294
1174 00:19:50,520 ~-~-> 00:19:54,990
1175 And it's it's important you understand that? But if we take
1176
1177 295
1178 00:19:54,990 ~-~-> 00:19:58,050
1179 a look at how price runs above, and I'll show you exactly
1180
1181 296
1182 00:19:58,050 ~-~-> 00:20:01,650
1183 what this is what makes that a rejection. As we zoom out,
1184
1185 297
1186 00:20:01,650 ~-~-> 00:20:06,240
1187 and I'll show you why the 1740 levels important too, but we
1188
1189 298
1190 00:20:06,270 ~-~-> 00:20:09,450
1191 are now looking at two things. We're trading at a particular
1192
1193 299
1194 00:20:09,450 ~-~-> 00:20:15,630
1195 price level, which is a 16 minute rejection block. And day
1196
1197 300
1198 00:20:15,630 ~-~-> 00:20:21,270
1199 of the week is Tuesday, while price is expected to go lower
1200
1201 301
1202 00:20:23,100 ~-~-> 00:20:27,060
1203 in foreign currency, and dollar higher, okay, well, if we
1204
1205 302
1206 00:20:27,090 ~-~-> 00:20:28,170
1207 scroll on over here,
1208
1209 303
1210 00:20:34,559 ~-~-> 00:20:38,849
1211 price goes up on Tuesday traces the rejection block, and
1212
1213 304
1214 00:20:38,849 ~-~-> 00:20:42,089
1215 look how far we are above that orange line. Again, that's
1216
1217 305
1218 00:20:42,119 ~-~-> 00:20:45,929
1219 equilibrium. So anything above this line is a premium. So
1220
1221 306
1222 00:20:45,929 ~-~-> 00:20:48,479
1223 that's where your high probability shorts are going to
1224
1225 307
1226 00:20:48,479 ~-~-> 00:20:51,419
1227 occur. But you have to have it in reference to a specific
1228
1229 308
1230 00:20:51,419 ~-~-> 00:20:55,169
1231 price range. This is the interbank price range, right here.
1232
1233 309
1234 00:20:55,589 ~-~-> 00:20:58,229
1235 This is the dealing range in which the algorithm is going to
1236
1237 310
1238 00:20:58,229 ~-~-> 00:21:02,009
1239 work within it doesn't need to go up above this high here,
1240
1241 311
1242 00:21:02,009 ~-~-> 00:21:06,029
1243 because it's already done. So. So the last time it ran
1244
1245 312
1246 00:21:06,119 ~-~-> 00:21:10,229
1247 liquidity in this range was taking out sellside. So what
1248
1249 313
1250 00:21:10,229 ~-~-> 00:21:16,979
1251 it'll do is it'll create short term highs to do what every
1252
1253 314
1254 00:21:16,979 ~-~-> 00:21:19,169
1255 time it creates a short term high and starts starts to trade
1256
1257 315
1258 00:21:19,169 ~-~-> 00:21:21,989
1259 down, traders will go short. And they'll put what what above
1260
1261 316
1262 00:21:21,989 ~-~-> 00:21:27,269
1263 this level, new buy stops to protect their shorts. So
1264
1265 317
1266 00:21:27,509 ~-~-> 00:21:31,619
1267 willing buyers have orders resting above this high in the
1268
1269 318
1270 00:21:31,619 ~-~-> 00:21:34,319
1271 market trades above that what's what's actually happening.
1272
1273 319
1274 00:21:34,679 ~-~-> 00:21:37,949
1275 They're accumulating short positions, who is the interbank
1276
1277 320
1278 00:21:37,949 ~-~-> 00:21:41,249
1279 traders, you don't see them. They're not on CNBC. They don't
1280
1281 321
1282 00:21:41,249 ~-~-> 00:21:44,699
1283 write books. Okay, but that's what's occurring above this
1284
1285 322
1286 00:21:44,699 ~-~-> 00:21:48,239
1287 high. They're shorting they're selling to those buy stocks
1288
1289 323
1290 00:21:48,239 ~-~-> 00:21:51,089
1291 being activated. These individuals that were selling short,
1292
1293 324
1294 00:21:51,119 ~-~-> 00:21:53,189
1295 they're now neutralized, they're no longer in the market.
1296
1297 325
1298 00:21:53,669 ~-~-> 00:21:57,749
1299 But their order was Counterparty to interbank traders that
1300
1301 326
1302 00:21:57,749 ~-~-> 00:22:01,829
1303 now have a short position. Same thing, the market drops
1304
1305 327
1306 00:22:01,829 ~-~-> 00:22:05,999
1307 down, the algorithm delivers a small little decline. What
1308
1309 328
1310 00:22:05,999 ~-~-> 00:22:09,359
1311 starts to build above here, more buy side liquidity, buy
1312
1313 329
1314 00:22:09,359 ~-~-> 00:22:12,929
1315 stocks, because now this one failed, but this one really is
1316
1317 330
1318 00:22:13,349 ~-~-> 00:22:16,589
1319 the high in the marketplace. So they can go short. The
1320
1321 331
1322 00:22:16,589 ~-~-> 00:22:18,329
1323 market trades down a little bit, give them that little
1324
1325 332
1326 00:22:18,329 ~-~-> 00:22:20,939
1327 cookie, or they chase it down here and they put their stop
1328
1329 333
1330 00:22:20,939 ~-~-> 00:22:24,449
1331 loss above here, what kind of stop by stop. The market runs
1332
1333 334
1334 00:22:24,449 ~-~-> 00:22:28,229
1335 above that on Tuesday, takes that biocide liquidity out. And
1336
1337 335
1338 00:22:28,229 ~-~-> 00:22:31,469
1339 interbank traders sell short to those buy stops. So now they
1340
1341 336
1342 00:22:31,469 ~-~-> 00:22:36,629
1343 have built in a bank of selling in here. And in here. Now
1344
1345 337
1346 00:22:36,629 ~-~-> 00:22:38,549
1347 this is when it gets interesting because now this is the day
1348
1349 338
1350 00:22:38,549 ~-~-> 00:22:42,239
1351 that we got teach and have taught publicly that the high of
1352
1353 339
1354 00:22:42,239 ~-~-> 00:22:44,759
1355 the week when we're bearish, it will form 70% of the time on
1356
1357 340
1358 00:22:44,759 ~-~-> 00:22:51,359
1359 Tuesday. What's the high the week so far? Tuesday. So the
1360
1361 341
1362 00:22:51,359 ~-~-> 00:22:56,729
1363 market trades lower now It leaves all of this price action
1364
1365 342
1366 00:22:56,729 ~-~-> 00:23:05,969
1367 right here by breaking down. So this high, this low. And
1368
1369 343
1370 00:23:05,969 ~-~-> 00:23:09,809
1371 this high here. On Tuesday, I taught you how to look at
1372
1373 344
1374 00:23:09,809 ~-~-> 00:23:12,239
1375 market structure and how to validate those breaks in market
1376
1377 345
1378 00:23:12,239 ~-~-> 00:23:15,509
1379 structure so you can trade with them. When the market trades
1380
1381 346
1382 00:23:15,509 ~-~-> 00:23:19,169
1383 below here, when we start seeing go back above this midpoint
1384
1385 347
1386 00:23:19,169 ~-~-> 00:23:23,699
1387 or equilibrium, this is the Wednesday selling opportunity.
1388
1389 348
1390 00:23:24,389 ~-~-> 00:23:29,579
1391 Remember, the weekly profile is likely to trade lower. Okay,
1392
1393 349
1394 00:23:29,579 ~-~-> 00:23:32,999
1395 so weekly power three is we open make the high of the week
1396
1397 350
1398 00:23:32,999 ~-~-> 00:23:37,079
1399 on Tuesday and then start trading lower into Wednesday,
1400
1401 351
1402 00:23:37,079 ~-~-> 00:23:41,189
1403 Thursday or Friday to attack a low to make the low of the
1404
1405 352
1406 00:23:41,189 ~-~-> 00:23:44,789
1407 week. The low the week, I even told you last week was
1408
1409 353
1410 00:23:44,789 ~-~-> 00:23:48,389
1411 117 40. That's my target. I'm looking for Euro to go to
1412
1413 354
1414 00:23:48,569 ~-~-> 00:23:53,729
1415 117 40. putting all this together when we broke down on
1416
1417 355
1418 00:23:53,729 ~-~-> 00:23:57,869
1419 Tuesday, look at this area who doesn't like a bear flag, it
1420
1421 356
1422 00:23:57,869 ~-~-> 00:24:00,179
1423 goes down a little bit gets everyone thinking it's gonna go
1424
1425 357
1426 00:24:00,179 ~-~-> 00:24:04,739
1427 lower, and then Rams it right back up into the breaker
1428
1429 358
1430 00:24:06,569 ~-~-> 00:24:12,869
1431 trades on Wednesday, again, London session, then it cascades
1432
1433 359
1434 00:24:12,869 ~-~-> 00:24:17,489
1435 lower. Then every rally from that point one, it's only going
1436
1437 360
1438 00:24:17,489 ~-~-> 00:24:20,609
1439 to rally to a point of inefficiency. And what does that
1440
1441 361
1442 00:24:20,609 ~-~-> 00:24:23,489
1443 mean? Let me take this level off because now we've already
1444
1445 362
1446 00:24:24,869 ~-~-> 00:24:26,969
1447 used it and it's accomplished the method already so we don't
1448
1449 363
1450 00:24:26,969 ~-~-> 00:24:33,449
1451 need to reference it anymore. And I'm going to zoom in. Now
1452
1453 364
1454 00:24:33,449 ~-~-> 00:24:36,089
1455 on Wednesday when the market starts to really start to take
1456
1457 365
1458 00:24:36,089 ~-~-> 00:24:40,229
1459 off and go lower every time the market creates a little
1460
1461 366
1462 00:24:40,229 ~-~-> 00:24:45,839
1463 small gap in price now think for a moment okay. The ideal
1464
1465 367
1466 00:24:45,839 ~-~-> 00:24:50,039
1467 scenario is dollars bullish foreign currencies bearish. We
1468
1469 368
1470 00:24:50,039 ~-~-> 00:24:52,799
1471 have now made a high or potential high of the week on
1472
1473 369
1474 00:24:52,799 ~-~-> 00:24:57,299
1475 Tuesday and Wednesday it's selling off. So we can trust that
1476
1477 370
1478 00:24:57,299 ~-~-> 00:25:01,199
1479 this is likely to draw down to our objective which is 117 40
1480
1481 371
1482 00:25:01,619 ~-~-> 00:25:04,199
1483 I promise I'm going to show you why 1740 but for now just
1484
1485 372
1486 00:25:04,199 ~-~-> 00:25:07,559
1487 follow along, every time that the market gets ahead of
1488
1489 373
1490 00:25:07,559 ~-~-> 00:25:12,209
1491 itself and trades quick, with large ranges, or in this case,
1492
1493 374
1494 00:25:12,209 ~-~-> 00:25:16,139
1495 on my chart, I have a down candle as a Black Candle. It
1496
1497 375
1498 00:25:16,139 ~-~-> 00:25:21,239
1499 creates a little pocket where one particular candle, okay,
1500
1501 376
1502 00:25:21,299 ~-~-> 00:25:28,679
1503 only has the black range on one candle, that one singular
1504
1505 377
1506 00:25:28,679 ~-~-> 00:25:32,279
1507 area, okay, that is a fair value got. That's my creation,
1508
1509 378
1510 00:25:32,489 ~-~-> 00:25:33,149
1511 that's mine.
1512
1513 379
1514 00:25:34,890 ~-~-> 00:25:38,970
1515 That little area in price action. It's if you just
1516
1517 380
1518 00:25:38,970 ~-~-> 00:25:42,990
1519 understand that little piece of the puzzle, within a
1520
1521 381
1522 00:25:42,990 ~-~-> 00:25:48,540
1523 narrative. You don't ever need a job again, you do not need
1524
1525 382
1526 00:25:49,080 ~-~-> 00:25:54,450
1527 to work for your money. You have to have a bias. Are you
1528
1529 383
1530 00:25:54,450 ~-~-> 00:25:58,500
1531 bullish or bearish? Okay, if you're bullish, how high? Is it
1532
1533 384
1534 00:25:58,500 ~-~-> 00:26:02,130
1535 going to go up? What's it reaching for? It may not get right
1536
1537 385
1538 00:26:02,130 ~-~-> 00:26:04,290
1539 to that level. But if it's as long as it's drawn towards
1540
1541 386
1542 00:26:04,290 ~-~-> 00:26:07,500
1543 that level, and wherever the market is, there's range of
1544
1545 387
1546 00:26:07,500 ~-~-> 00:26:11,580
1547 potential pips that could be harvested in there. Again, your
1548
1549 388
1550 00:26:11,580 ~-~-> 00:26:14,580
1551 setups are not always about getting to the target. It's as
1552
1553 389
1554 00:26:14,580 ~-~-> 00:26:17,340
1555 long as it's moving in that direction. You can bank
1556
1557 390
1558 00:26:17,340 ~-~-> 00:26:19,710
1559 something along the way, and you can fail to hit your
1560
1561 391
1562 00:26:19,710 ~-~-> 00:26:23,220
1563 targets, but you still profit it. So it's about making money
1564
1565 392
1566 00:26:23,220 ~-~-> 00:26:27,150
1567 when you're wrong. If you're bearish, same thing you're
1568
1569 393
1570 00:26:27,150 ~-~-> 00:26:29,910
1571 looking for, where's the market likely to draw to? I told
1572
1573 394
1574 00:26:29,910 ~-~-> 00:26:34,470
1575 you all last week 117 40 on euro dollar. So now, we started
1576
1577 395
1578 00:26:34,470 ~-~-> 00:26:38,700
1579 the trading week. Do we throw away everything I've always
1580
1581 396
1582 00:26:39,060 ~-~-> 00:26:43,530
1583 said about the weekly range? No. If I'm telling you that I'm
1584
1585 397
1586 00:26:43,560 ~-~-> 00:26:46,830
1587 modestly bullish on dollar, and I'm bearish on euro and I
1588
1589 398
1590 00:26:46,830 ~-~-> 00:26:50,250
1591 think it's gonna go to 117 40. without really saying it,
1592
1593 399
1594 00:26:50,250 ~-~-> 00:26:54,060
1595 what does that really say? That I should be looking at
1596
1597 400
1598 00:26:54,090 ~-~-> 00:26:57,870
1599 reasons for the eurodollar to go lower. Okay. So if you've
1600
1601 401
1602 00:26:57,870 ~-~-> 00:27:01,200
1603 studied this YouTube channel, that means what makes the
1604
1605 402
1606 00:27:01,200 ~-~-> 00:27:03,660
1607 market go lower? And what does it usually look like? Okay,
1608
1609 403
1610 00:27:03,660 ~-~-> 00:27:06,570
1611 well, we got to start a new week. It trades up mix the high
1612
1613 404
1614 00:27:06,570 ~-~-> 00:27:08,910
1615 the week on Tuesday. Okay, if you missed the high of the
1616
1617 405
1618 00:27:08,910 ~-~-> 00:27:11,670
1619 week on Tuesday, forming Wednesday's your next opportunity.
1620
1621 406
1622 00:27:11,670 ~-~-> 00:27:13,560
1623 That's what you're seeing here. This is Wednesday's trading.
1624
1625 407
1626 00:27:14,370 ~-~-> 00:27:18,000
1627 Now watch what happens. This strong break here below these
1628
1629 408
1630 00:27:18,000 ~-~-> 00:27:21,690
1631 lows, that one singular candle right there creates a fair
1632
1633 409
1634 00:27:21,690 ~-~-> 00:27:31,080
1635 value gap. What is that she used the blocks this low of this
1636
1637 410
1638 00:27:31,080 ~-~-> 00:27:35,220
1639 upclose candle here, and the high of this down closed candle
1640
1641 411
1642 00:27:35,910 ~-~-> 00:27:43,470
1643 right there. That's a fair value, got the market trades
1644
1645 412
1646 00:27:43,470 ~-~-> 00:27:47,670
1647 right back up and rebalances all the down candle, the Black
1648
1649 413
1650 00:27:47,670 ~-~-> 00:27:50,700
1651 Candle, Okay, I'm gonna take this box, because it's going to
1652
1653 414
1654 00:27:50,700 ~-~-> 00:27:52,350
1655 get in my way, and it's gonna drive me nuts. It's probably
1656
1657 415
1658 00:27:52,350 ~-~-> 00:27:59,430
1659 driving you nuts too. But. And in fact, let's zoom in to
1660
1661 416
1662 00:27:59,430 ~-~-> 00:28:01,740
1663 because I really want you to see what I'm showing you here.
1664
1665 417
1666 00:28:02,460 ~-~-> 00:28:12,060
1667 So all of this Black Candle from the low and the high of
1668
1669 418
1670 00:28:12,060 ~-~-> 00:28:16,800
1671 this candle here. This is the area that needs to rebalance.
1672
1673 419
1674 00:28:17,490 ~-~-> 00:28:24,000
1675 Okay, so if you want to know how efficient price action is,
1676
1677 420
1678 00:28:24,960 ~-~-> 00:28:28,920
1679 the market trades up into it trades all of this down
1680
1681 421
1682 00:28:28,920 ~-~-> 00:28:31,350
1683 movement. In other words, think of it like a paint roller.
1684
1685 422
1686 00:28:31,440 ~-~-> 00:28:34,920
1687 Okay, you're going to paint your wall in your home, you get
1688
1689 423
1690 00:28:34,920 ~-~-> 00:28:36,870
1691 your paint roll, you put it in the pan, collect a lot of
1692
1693 424
1694 00:28:36,870 ~-~-> 00:28:40,170
1695 paint on it, then you apply the roller to your wall, and you
1696
1697 425
1698 00:28:40,170 ~-~-> 00:28:43,140
1699 stroke up or you stroke down depending on whatever direction
1700
1701 426
1702 00:28:43,140 ~-~-> 00:28:46,470
1703 you go forth first, and it'll roll out evenly real thick,
1704
1705 427
1706 00:28:46,470 ~-~-> 00:28:49,770
1707 ample delivery of paint. And if you keep rolling enough,
1708
1709 428
1710 00:28:49,950 ~-~-> 00:28:53,460
1711 eventually you'll start seeing little pockets. Well, imagine
1712
1713 429
1714 00:28:53,460 ~-~-> 00:28:55,950
1715 that paint roller here starting and it's starting to go
1716
1717 430
1718 00:28:55,950 ~-~-> 00:29:00,090
1719 down. Okay? And then this is one of those little pockets. So
1720
1721 431
1722 00:29:00,090 ~-~-> 00:29:01,710
1723 if you see that, what are you going to do with the paint
1724
1725 432
1726 00:29:01,710 ~-~-> 00:29:05,070
1727 roller, he's gonna leave like that. No, you're gonna roll
1728
1729 433
1730 00:29:05,070 ~-~-> 00:29:08,970
1731 back up to fill in that little area. That's what's going on.
1732
1733 434
1734 00:29:09,540 ~-~-> 00:29:14,430
1735 Every price range in forex in any other market for real
1736
1737 435
1738 00:29:16,080 ~-~-> 00:29:21,450
1739 needs to be efficiently traded to Okay, and if you ever
1740
1741 436
1742 00:29:21,450 ~-~-> 00:29:26,040
1743 studied auction theory, this is the real version of that
1744
1745 437
1746 00:29:26,130 ~-~-> 00:29:30,240
1747 because auction theory is just part of it. When markets
1748
1749 438
1750 00:29:30,240 ~-~-> 00:29:34,170
1751 deliver on a downside, to efficiently deliver that price
1752
1753 439
1754 00:29:34,410 ~-~-> 00:29:36,750
1755 between the high this candle and the low this candle,
1756
1757 440
1758 00:29:37,020 ~-~-> 00:29:39,540
1759 there's an imbalance from the previous candles low and the
1760
1761 441
1762 00:29:39,540 ~-~-> 00:29:42,810
1763 next candle is high. It only went down between this candles
1764
1765 442
1766 00:29:42,810 ~-~-> 00:29:46,650
1767 low in this candle is hot it went down. Notice that that's
1768
1769 443
1770 00:29:46,650 ~-~-> 00:29:49,650
1771 what I'm highlighting here. So going in the future at some
1772
1773 444
1774 00:29:49,650 ~-~-> 00:29:54,600
1775 point. The markets going to go back up and offer buy side
1776
1777 445
1778 00:29:54,600 ~-~-> 00:29:57,780
1779 delivery. So this is sell side delivery, where the market is
1780
1781 446
1782 00:29:57,780 ~-~-> 00:30:01,530
1783 going down for that range. Between this candle is low and
1784
1785 447
1786 00:30:01,530 ~-~-> 00:30:04,680
1787 this candle is high to be efficiently delivered, the
1788
1789 448
1790 00:30:04,680 ~-~-> 00:30:07,920
1791 algorithm has to go up between this candle high and this
1792
1793 449
1794 00:30:07,920 ~-~-> 00:30:11,100
1795 candles low. And it does. So there. Once that occurs, this
1796
1797 450
1798 00:30:11,100 ~-~-> 00:30:14,460
1799 becomes a balanced price range. What does that mean? It's
1800
1801 451
1802 00:30:14,460 ~-~-> 00:30:17,490
1803 balanced, it's not imbalanced, it doesn't need to go any
1804
1805 452
1806 00:30:17,490 ~-~-> 00:30:19,950
1807 higher than that. It can, as you can see a little bit here.
1808
1809 453
1810 00:30:20,370 ~-~-> 00:30:24,840
1811 But that's the, that's the heirarchy of order flow, you have
1812
1813 454
1814 00:30:24,840 ~-~-> 00:30:28,530
1815 to understand how if a market has delivered an up candle,
1816
1817 455
1818 00:30:29,790 ~-~-> 00:30:33,900
1819 at some point in the future, it needs to come back down to
1820
1821 456
1822 00:30:33,900 ~-~-> 00:30:38,160
1823 that same range to offer sell side and vice versa. So this
1824
1825 457
1826 00:30:38,160 ~-~-> 00:30:41,130
1827 in itself could be a target or in this case, it could be an
1828
1829 458
1830 00:30:41,130 ~-~-> 00:30:45,150
1831 entry strategy. So you could go short here and anticipate
1832
1833 459
1834 00:30:45,150 ~-~-> 00:30:51,960
1835 price going lower. Very, very similar thing happening here,
1836
1837 460
1838 00:30:51,990 ~-~-> 00:30:55,620
1839 we have a low and a high, and the market goes right back up
1840
1841 461
1842 00:30:55,620 ~-~-> 00:30:59,100
1843 into and delivers all this downside, it gives it by side
1844
1845 462
1846 00:30:59,130 ~-~-> 00:31:04,800
1847 again. And it rebalances then what happens in price. It
1848
1849 463
1850 00:31:04,800 ~-~-> 00:31:14,730
1851 trades lower until we get to what FOMC. So we have FOMC
1852
1853 464
1854 00:31:15,630 ~-~-> 00:31:17,760
1855 nonsense at two o'clock in the afternoon, it goes back and
1856
1857 465
1858 00:31:17,760 ~-~-> 00:31:21,360
1859 forth whips around. That's normal, because it's clearing
1860
1861 466
1862 00:31:21,360 ~-~-> 00:31:23,940
1863 both sides of the marketplace. It's clearing the stops above
1864
1865 467
1866 00:31:23,940 ~-~-> 00:31:25,890
1867 the short term high and it's clearing the stuff below the
1868
1869 468
1870 00:31:25,890 ~-~-> 00:31:29,910
1871 short term low. So everything has been cleared. So now, no
1872
1873 469
1874 00:31:29,910 ~-~-> 00:31:33,090
1875 one on the short term is holding a position, they would have
1876
1877 470
1878 00:31:33,090 ~-~-> 00:31:36,030
1879 to have their stock way back here. And then the market
1880
1881 471
1882 00:31:36,030 ~-~-> 00:31:39,750
1883 starts to do what it creates its downdraft, again, because
1884
1885 472
1886 00:31:39,750 ~-~-> 00:31:45,960
1887 what is in play, lower currencies, higher dollar. So we see
1888
1889 473
1890 00:31:45,960 ~-~-> 00:31:51,210
1891 it again, we have a low and a high rate in here. There's an
1892
1893 474
1894 00:31:51,210 ~-~-> 00:31:54,150
1895 imbalance, that's a fair value gap. So Southside delivery
1896
1897 475
1898 00:31:54,150 ~-~-> 00:31:56,430
1899 has been offered. So in this candle, it goes right back up
1900
1901 476
1902 00:31:56,460 ~-~-> 00:32:00,330
1903 inside the pocket of this high in this low. That right there
1904
1905 477
1906 00:32:00,330 ~-~-> 00:32:03,000
1907 is another shorting opportunity, you can get short there,
1908
1909 478
1910 00:32:03,960 ~-~-> 00:32:07,560
1911 you can place a stop loss above here and walk away, the
1912
1913 479
1914 00:32:07,560 ~-~-> 00:32:13,920
1915 market trades back up, trades deeper into this area, not by
1916
1917 480
1918 00:32:13,920 ~-~-> 00:32:18,930
1919 much above that. But you can see all the way to the point of
1920
1921 481
1922 00:32:19,200 ~-~-> 00:32:23,220
1923 this candle here. And it's gonna appreciate it. But this is
1924
1925 482
1926 00:32:23,250 ~-~-> 00:32:29,070
1927 where if you take the trades using this, you can suffer some
1928
1929 483
1930 00:32:29,130 ~-~-> 00:32:32,880
1931 time delay, and a little bit of drawdown. Like for instance,
1932
1933 484
1934 00:32:32,880 ~-~-> 00:32:35,370
1935 he sold short here, you'd have a little bit of drawdown on
1936
1937 485
1938 00:32:35,370 ~-~-> 00:32:38,640
1939 this candle, this candle this candle, this candle might got
1940
1941 486
1942 00:32:38,730 ~-~-> 00:32:40,950
1943 excited a little bit, they're thinking it's going to finally
1944
1945 487
1946 00:32:40,950 ~-~-> 00:32:44,250
1947 break but it goes all the way up to this level here doesn't
1948
1949 488
1950 00:32:44,250 ~-~-> 00:32:47,790
1951 completely fill it in yet. And then finally gives up the
1952
1953 489
1954 00:32:47,790 ~-~-> 00:32:52,380
1955 ghost and trades lower. See that. So all of this area here
1956
1957 490
1958 00:32:52,740 ~-~-> 00:32:56,520
1959 doesn't quite get filled, but then it breaks this low. When
1960
1961 491
1962 00:32:56,520 ~-~-> 00:33:00,480
1963 it does that, that's indicating that this right here is a
1964
1965 492
1966 00:33:00,480 ~-~-> 00:33:04,170
1967 really strong indication that we're going lower, and it's
1968
1969 493
1970 00:33:04,170 ~-~-> 00:33:06,870
1971 probably not going to come back up to this price level. And
1972
1973 494
1974 00:33:06,870 ~-~-> 00:33:10,050
1975 we're gonna probably see much more pronounced delivery on
1976
1977 495
1978 00:33:10,050 ~-~-> 00:33:18,990
1979 the downside. And scrunch this up. Market creates another
1980
1981 496
1982 00:33:18,990 ~-~-> 00:33:23,490
1983 run below this low here. So we have this low, and this high.
1984
1985 497
1986 00:33:23,670 ~-~-> 00:33:26,730
1987 So what's actually happening here, same thing prices going
1988
1989 498
1990 00:33:26,730 ~-~-> 00:33:34,890
1991 back up into this candle. Now here's a real gem, okay, this
1992
1993 499
1994 00:33:34,890 ~-~-> 00:33:35,490
1995 low
1996
1997 500
1998 00:33:41,010 ~-~-> 00:33:50,070
1999 and this high price has went down, gone up. And then down to
2000
2001 501
2002 00:33:50,070 ~-~-> 00:33:54,060
2003 this price point right there, you see that. So all of this
2004
2005 502
2006 00:33:54,390 ~-~-> 00:33:57,510
2007 is a balanced price range market has been delivered on the
2008
2009 503
2010 00:33:57,510 ~-~-> 00:34:01,650
2011 downside, then it's delivered on the upside, and it's down
2012
2013 504
2014 00:34:01,650 ~-~-> 00:34:05,760
2015 again. So when the market trades back up here, it's not
2016
2017 505
2018 00:34:05,970 ~-~-> 00:34:11,370
2019 listen, folks, this is really important. It is not support
2020
2021 506
2022 00:34:11,370 ~-~-> 00:34:13,770
2023 broken term resistance. That's what's going on here. That's
2024
2025 507
2026 00:34:13,770 ~-~-> 00:34:17,250
2027 not what that's not what happens. If you're looking for key
2028
2029 508
2030 00:34:17,250 ~-~-> 00:34:21,210
2031 support resistance levels. If you have this signature here,
2032
2033 509
2034 00:34:21,390 ~-~-> 00:34:25,710
2035 where it breaks through it then comes back that point where
2036
2037 510
2038 00:34:25,710 ~-~-> 00:34:29,010
2039 it does that then yes, your support resistance theories will
2040
2041 511
2042 00:34:29,010 ~-~-> 00:34:31,950
2043 work there. But whenever it doesn't have this and you're
2044
2045 512
2046 00:34:31,950 ~-~-> 00:34:34,740
2047 trying to find a old low and you're looking for it to be
2048
2049 513
2050 00:34:34,740 ~-~-> 00:34:39,270
2051 broken and you're looking for resistance. It's not going to
2052
2053 514
2054 00:34:39,270 ~-~-> 00:34:43,080
2055 work unless it has this. Okay, it's not going to happen. So
2056
2057 515
2058 00:34:43,080 ~-~-> 00:34:45,120
2059 no words What I mean by that if it starts to go a little bit
2060
2061 516
2062 00:34:45,120 ~-~-> 00:34:47,760
2063 lower stop say here and it starts another little candle here
2064
2065 517
2066 00:34:47,760 ~-~-> 00:34:51,360
2067 and goes a little bit lower and go lower. I would go back in
2068
2069 518
2070 00:34:51,510 ~-~-> 00:34:54,360
2071 the 90s and I would say okay, this is a support broken turn
2072
2073 519
2074 00:34:54,360 ~-~-> 00:34:57,720
2075 resistance and I would try to sell short and either it never
2076
2077 520
2078 00:34:57,720 ~-~-> 00:35:00,210
2079 went back up there or if it did, it went right on back. up
2080
2081 521
2082 00:35:00,210 ~-~-> 00:35:02,580
2083 inside the range, and I would lose. And I would walk away
2084
2085 522
2086 00:35:02,580 ~-~-> 00:35:05,820
2087 thinking this support resistance stuff doesn't work. For
2088
2089 523
2090 00:35:05,820 ~-~-> 00:35:08,250
2091 support resistance to work, it needs to have this little
2092
2093 524
2094 00:35:08,250 ~-~-> 00:35:11,640
2095 signature right there. Okay? It's an overshoot through that
2096
2097 525
2098 00:35:11,670 ~-~-> 00:35:16,200
2099 old low after it has shown a balanced price range. And
2100
2101 526
2102 00:35:16,200 ~-~-> 00:35:18,270
2103 again, a balanced price range is where price delivers on the
2104
2105 527
2106 00:35:18,270 ~-~-> 00:35:23,160
2107 downside, and the upside. So what do I mean by that? The
2108
2109 528
2110 00:35:23,160 ~-~-> 00:35:30,000
2111 market has offered time and delivery on the downside. So
2112
2113 529
2114 00:35:30,000 ~-~-> 00:35:32,250
2115 anyone that wants to sell with that movement, they had an
2116
2117 530
2118 00:35:32,280 ~-~-> 00:35:35,340
2119 opportunity to do so. But what about the buyers didn't
2120
2121 531
2122 00:35:35,340 ~-~-> 00:35:38,550
2123 really get a real good chance to buy at their at their price
2124
2125 532
2126 00:35:38,550 ~-~-> 00:35:43,050
2127 levels. So the market goes up, and allows that to take
2128
2129 533
2130 00:35:43,050 ~-~-> 00:35:46,080
2131 effect. Okay, but what's going on there, as this markets
2132
2133 534
2134 00:35:46,080 ~-~-> 00:35:49,290
2135 been going higher, anyone who wants to sell below these lows
2136
2137 535
2138 00:35:49,380 ~-~-> 00:35:51,240
2139 on a break, they haven't had the opportunity to do so
2140
2141 536
2142 00:35:51,240 ~-~-> 00:35:53,850
2143 because the market keeps going up? Well, they've been now
2144
2145 537
2146 00:35:53,880 ~-~-> 00:35:59,640
2147 given that opportunity here. See, that delivery of price is
2148
2149 538
2150 00:35:59,640 ~-~-> 00:36:02,610
2151 balanced back and forth. It's not buying and selling
2152
2153 539
2154 00:36:02,610 ~-~-> 00:36:05,880
2155 pressure, folks, it's not it's absolutely not. All of this
2156
2157 540
2158 00:36:05,880 ~-~-> 00:36:08,730
2159 is a narrative within the context of the market trading at
2160
2161 541
2162 00:36:08,730 ~-~-> 00:36:12,840
2163 117 40 level that I told you last week about on YouTube,
2164
2165 542
2166 00:36:13,410 ~-~-> 00:36:16,140
2167 it's public. I can't edit the video once it goes on your
2168
2169 543
2170 00:36:16,140 ~-~-> 00:36:20,340
2171 server. So right here, we have an opportunity sell off and
2172
2173 544
2174 00:36:20,340 ~-~-> 00:36:25,560
2175 now the market starts to cascade again lower. Here you have
2176
2177 545
2178 00:36:25,560 ~-~-> 00:36:28,500
2179 a Bear Flag. Look at that classic chart pattern and right
2180
2181 546
2182 00:36:28,500 ~-~-> 00:36:34,740
2183 into what price level is that 117 40. Now to get 117 40 it's
2184
2185 547
2186 00:36:34,740 ~-~-> 00:36:38,010
2187 got to go a little bit below that right? What's the low
2188
2189 548
2190 00:36:40,200 ~-~-> 00:36:48,120
2191 117 37. There's your spread. So what happened after it
2192
2193 549
2194 00:36:48,120 ~-~-> 00:36:52,710
2195 traded there? Did it rocket through that did dilly dally
2196
2197 550
2198 00:36:52,710 ~-~-> 00:36:53,130
2199 around.
2200
2201 551
2202 00:36:59,070 ~-~-> 00:37:04,410
2203 off to the races. Now, you know about this level last week,
2204
2205 552
2206 00:37:05,520 ~-~-> 00:37:08,970
2207 you knew about the weekly highs and the lows forming on
2208
2209 553
2210 00:37:08,970 ~-~-> 00:37:10,950
2211 Tuesday. So some of the time if it's bearish, it's going to
2212
2213 554
2214 00:37:10,950 ~-~-> 00:37:18,600
2215 create the high of the week on Tuesday. If you look at this
2216
2217 555
2218 00:37:19,230 ~-~-> 00:37:25,830
2219 chart here, and really take in what this outlined it's
2220
2221 556
2222 00:37:25,830 ~-~-> 00:37:29,160
2223 really hard to argue against these markets being
2224
2225 557
2226 00:37:29,160 ~-~-> 00:37:33,960
2227 manipulated. 100% controlled, absolutely predictable.
2228
2229 558
2230 00:37:33,990 ~-~-> 00:37:39,360
2231 Certainly. Rejection black, let's go to the hourly chart.
2232
2233 559
2234 00:37:45,750 ~-~-> 00:37:49,800
2235 Highest up close. That's what I'm highlighting there. It
2236
2237 560
2238 00:37:49,800 ~-~-> 00:37:54,840
2239 trades to that. And then rejects breaks this swing low. This
2240
2241 561
2242 00:37:54,840 ~-~-> 00:37:58,140
2243 is a breaker. Okay, rating here. And it's also your point of
2244
2245 562
2246 00:37:58,140 ~-~-> 00:38:03,540
2247 reference for market structure being broken. Bam. And then
2248
2249 563
2250 00:38:03,540 ~-~-> 00:38:06,000
2251 the narrative starts goes right to the level I told you it's
2252
2253 564
2254 00:38:06,000 ~-~-> 00:38:14,220
2255 gonna go to now Why 117 40? Let's go back over here. All the
2256
2257 565
2258 00:38:14,220 ~-~-> 00:38:17,070
2259 way back here. See all these lows? What's resting below
2260
2261 566
2262 00:38:17,070 ~-~-> 00:38:24,840
2263 that? Let me go back. See these lows, these lows, the lows,
2264
2265 567
2266 00:38:26,340 ~-~-> 00:38:30,480
2267 these lows. All of them have been reference points for
2268
2269 568
2270 00:38:30,480 ~-~-> 00:38:35,460
2271 trailed stop losses, what kind of stops, sell stops. Right
2272
2273 569
2274 00:38:35,460 ~-~-> 00:38:41,100
2275 in here. You see a series of down close candles that starts
2276
2277 570
2278 00:38:41,670 ~-~-> 00:38:45,210
2279 your bowl shorter block. There's a small little price action
2280
2281 571
2282 00:38:45,240 ~-~-> 00:38:48,330
2283 segment right in here. That's a gap. That's that fair value
2284
2285 572
2286 00:38:48,330 ~-~-> 00:38:52,620
2287 gap? You're trying to tell me? No, I'm telling you. I told
2288
2289 573
2290 00:38:52,620 ~-~-> 00:38:58,020
2291 you last week 117 40. That's the basis. So if we go to a
2292
2293 574
2294 00:39:00,420 ~-~-> 00:39:07,230
2295 four hour chart, what's this candle here as the last down
2296
2297 575
2298 00:39:07,230 ~-~-> 00:39:10,500
2299 close candle before this move up. This last down close
2300
2301 576
2302 00:39:10,500 ~-~-> 00:39:15,900
2303 candles high comes in at 117 41 and three pets. So if it's
2304
2305 577
2306 00:39:15,900 ~-~-> 00:39:18,480
2307 going to reach down in here, I'm going to round it to the
2308
2309 578
2310 00:39:18,480 ~-~-> 00:39:25,050
2311 nearest round 10 level 117 40. We have liquidity below here.
2312
2313 579
2314 00:39:25,980 ~-~-> 00:39:29,670
2315 And here. And I'm BAM we tagged through it and there's your
2316
2317 580
2318 00:39:29,670 ~-~-> 00:39:30,000
2319 run.
2320
2321 581
2322 00:39:31,980 ~-~-> 00:39:33,570
2323 They're predictable.
2324
2325 582
2326 00:39:34,590 ~-~-> 00:39:37,020
2327 I'm on record even with my mentorship group that I was
2328
2329 583
2330 00:39:37,020 ~-~-> 00:39:39,570
2331 looking for that run. We were looking for that last week as
2332
2333 584
2334 00:39:39,570 ~-~-> 00:39:44,160
2335 well. So but you have to have the market provide all those
2336
2337 585
2338 00:39:44,160 ~-~-> 00:39:51,570
2339 things with time. First. That's day of week time of day and
2340
2341 586
2342 00:39:51,600 ~-~-> 00:39:54,720
2343 within a narrative, which is what bearish foreign currency
2344
2345 587
2346 00:39:55,200 ~-~-> 00:39:59,340
2347 bullish dollar in the market will give you what you're
2348
2349 588
2350 00:39:59,340 ~-~-> 00:40:04,200
2351 looking for. But you can't just simply say, every upclose
2352
2353 589
2354 00:40:04,200 ~-~-> 00:40:06,600
2355 gallon, put it down, move every down, close count up move.
2356
2357 590
2358 00:40:06,660 ~-~-> 00:40:08,790
2359 And that's all you got to do. Now, there's internal rings
2360
2361 591
2362 00:40:08,790 ~-~-> 00:40:10,920
2363 liquidity, and there's external range liquidity that helps
2364
2365 592
2366 00:40:10,920 ~-~-> 00:40:14,490
2367 you frame a narrative. And that's what mentorship is with
2368
2369 593
2370 00:40:14,490 ~-~-> 00:40:17,790
2371 me. It's me guiding you through almost three decades of
2372
2373 594
2374 00:40:17,790 ~-~-> 00:40:20,580
2375 experience, and things that I haven't even put out in video
2376
2377 595
2378 00:40:20,940 ~-~-> 00:40:24,270
2379 lessons yet, because they have to be introduced gradually,
2380
2381 596
2382 00:40:24,360 ~-~-> 00:40:27,330
2383 not because I'm dangling a carrot, not because I'm teasing,
2384
2385 597
2386 00:40:27,510 ~-~-> 00:40:30,030
2387 not because I'm making it impossible for anyone to ever
2388
2389 598
2390 00:40:30,030 ~-~-> 00:40:34,140
2391 learn it. There's so many things, there's so many things
2392
2393 599
2394 00:40:34,140 ~-~-> 00:40:36,750
2395 that you need to know, because these algorithms, they're
2396
2397 600
2398 00:40:36,750 ~-~-> 00:40:41,490
2399 highly, highly technical. And there's many macros that they
2400
2401 601
2402 00:40:41,490 ~-~-> 00:40:44,670
2403 go into. And you have to know specific things to see what
2404
2405 602
2406 00:40:44,670 ~-~-> 00:40:50,400
2407 they will do at certain conditions in the marketplace. So
2408
2409 603
2410 00:40:53,250 ~-~-> 00:40:57,930
2411 I'm not sure what you took from this, but it is absolutely
2412
2413 604
2414 00:40:57,960 ~-~-> 00:41:02,160
2415 what I teach. And I want to go back into that 15 minute
2416
2417 605
2418 00:41:02,160 ~-~-> 00:41:07,320
2419 timeframe. And we'll scrub up here a little bit like that.
2420
2421 606
2422 00:41:07,740 ~-~-> 00:41:09,090
2423 add annotations back.
2424
2425 607
2426 00:41:15,060 ~-~-> 00:41:18,540
2427 Okay, and now I'm going to pull up the overbought oversold
2428
2429 608
2430 00:41:18,570 ~-~-> 00:41:21,600
2431 indicator. Now when I was trading in back in the 90s, Larry
2432
2433 609
2434 00:41:21,600 ~-~-> 00:41:25,470
2435 Williams was my hero. And in fact, he really still is. He
2436
2437 610
2438 00:41:25,470 ~-~-> 00:41:27,690
2439 was my original mentor, even though I was really introduced
2440
2441 611
2442 00:41:27,690 ~-~-> 00:41:31,770
2443 to trading by my uncle didn't really learn anything really
2444
2445 612
2446 00:41:31,770 ~-~-> 00:41:35,340
2447 from him, obviously, not to be disrespectful. But he, he put
2448
2449 613
2450 00:41:35,340 ~-~-> 00:41:37,440
2451 it in my ear, but I really wasn't interested back when I was
2452
2453 614
2454 00:41:37,440 ~-~-> 00:41:42,900
2455 16. But in 1992, the first mentor I had was Ken Roberts, and
2456
2457 615
2458 00:41:42,900 ~-~-> 00:41:48,750
2459 I lost money. So I have to give credit, because that course
2460
2461 616
2462 00:41:48,750 ~-~-> 00:41:51,000
2463 that I purchased put me on a mailing list for Larry Williams
2464
2465 617
2466 00:41:52,230 ~-~-> 00:41:55,710
2467 material. And then that was my real mentor. Because the
2468
2469 618
2470 00:41:55,710 ~-~-> 00:41:58,890
2471 things I learned from Larry actually made money. It went
2472
2473 619
2474 00:41:58,890 ~-~-> 00:42:01,590
2475 into my account, whereas the first trade I took with the
2476
2477 620
2478 00:42:01,590 ~-~-> 00:42:04,590
2479 things I learned from Ken Roberts, 50% of my money was taken
2480
2481 621
2482 00:42:04,590 ~-~-> 00:42:08,970
2483 in the first trade overnight with an orange juice option. So
2484
2485 622
2486 00:42:09,180 ~-~-> 00:42:13,680
2487 you all heard the story before. Anyway, I like the idea of a
2488
2489 623
2490 00:42:13,680 ~-~-> 00:42:17,100
2491 percent are still if I had to talk about a overbought
2492
2493 624
2494 00:42:17,100 ~-~-> 00:42:19,920
2495 oversold indicator if I was going to do that, this would be
2496
2497 625
2498 00:42:19,920 ~-~-> 00:42:23,370
2499 the one I would use because it's it makes sense to me. But
2500
2501 626
2502 00:42:23,400 ~-~-> 00:42:27,870
2503 if you look at the percent are we're overbought, because
2504
2505 627
2506 00:42:27,870 ~-~-> 00:42:30,930
2507 we're above the midpoint of this area here. This should be
2508
2509 628
2510 00:42:30,930 ~-~-> 00:42:34,440
2511 overbought reading and percent are it is this should be a
2512
2513 629
2514 00:42:34,440 ~-~-> 00:42:40,020
2515 robot. It is this should be overbought, it is this should be
2516
2517 630
2518 00:42:40,020 ~-~-> 00:42:43,290
2519 overbought, it is I don't need an indicator to tell me we're
2520
2521 631
2522 00:42:43,290 ~-~-> 00:42:46,110
2523 overbought, because I'm looking at the range that matters
2524
2525 632
2526 00:42:46,110 ~-~-> 00:42:50,460
2527 most. And then clearly, within that context and a narrative
2528
2529 633
2530 00:42:50,460 ~-~-> 00:42:53,940
2531 that I'm bearish, Euro bullish dollar, I have a target,
2532
2533 634
2534 00:42:53,940 ~-~-> 00:42:57,690
2535 where's it going to draw to 117 40? You knew it last week.
2536
2537 635
2538 00:42:59,760 ~-~-> 00:43:03,750
2539 On Thursday's video, of last week, I talked about it. I said
2540
2541 636
2542 00:43:03,750 ~-~-> 00:43:06,420
2543 that's beyond the scope of this discussion, because I was
2544
2545 637
2546 00:43:06,420 ~-~-> 00:43:10,320
2547 teaching you this price run here and down into the market
2548
2549 638
2550 00:43:10,320 ~-~-> 00:43:13,770
2551 maker sell model. But that's not a short term trade, that's
2552
2553 639
2554 00:43:13,800 ~-~-> 00:43:18,300
2555 a day trade, a short term trade, we have to use this high
2556
2557 640
2558 00:43:18,510 ~-~-> 00:43:21,990
2559 and this low because now we have a new dealing range. So the
2560
2561 641
2562 00:43:21,990 ~-~-> 00:43:24,690
2563 market trades up into that range here not taking the high
2564
2565 642
2566 00:43:24,690 ~-~-> 00:43:27,900
2567 out. It's just moving into a deeper premium. And then what
2568
2569 643
2570 00:43:27,900 ~-~-> 00:43:33,240
2571 happens the algorithm on Tuesday, sets too high the week pan
2572
2573 644
2574 00:43:33,900 ~-~-> 00:43:37,530
2575 seeks to lower the week that I gave you last week. That was
2576
2577 645
2578 00:43:37,530 ~-~-> 00:43:40,560
2579 my target. We've been looking for that. Okay, traded to it.
2580
2581 646
2582 00:43:40,740 ~-~-> 00:43:45,240
2583 Now, what can happen from here? Well, let's take this off
2584
2585 647
2586 00:43:45,240 ~-~-> 00:43:50,340
2587 real quick. It could very easily trade on higher and take
2588
2589 648
2590 00:43:50,340 ~-~-> 00:43:53,790
2591 these highs out and maybe even go up above this. It could do
2592
2593 649
2594 00:43:53,790 ~-~-> 00:43:58,290
2595 that. I don't care. When I say I'm looking for the weekly
2596
2597 650
2598 00:43:58,290 ~-~-> 00:44:02,340
2599 high in the low. Sometimes it is the actual highest highs or
2600
2601 651
2602 00:44:02,340 ~-~-> 00:44:05,340
2603 lows low of the week. But look at the reaction. If you're
2604
2605 652
2606 00:44:05,340 ~-~-> 00:44:09,270
2607 short. Okay, say you short here. Do you feel comfortable
2608
2609 653
2610 00:44:09,270 ~-~-> 00:44:14,550
2611 riding all the back that far? If you do, God bless you.
2612
2613 654
2614 00:44:14,940 ~-~-> 00:44:18,120
2615 That's that's real conviction. I'm not interested in
2616
2617 655
2618 00:44:18,120 ~-~-> 00:44:22,020
2619 something like that. So if I'm trying to get short here or
2620
2621 656
2622 00:44:22,020 ~-~-> 00:44:25,470
2623 up in here, I'm aiming for this and once it hits that I'm
2624
2625 657
2626 00:44:25,470 ~-~-> 00:44:30,720
2627 done, why? Why not hope for more ICT? I thought you were
2628
2629 658
2630 00:44:31,740 ~-~-> 00:44:36,030
2631 real guru. Well, this is the target I'm looking for. And
2632
2633 659
2634 00:44:36,030 ~-~-> 00:44:38,970
2635 this is likely to occur once it gets to that level. That's
2636
2637 660
2638 00:44:38,970 ~-~-> 00:44:43,530
2639 why I want 117 40 because I don't want to ride this out.
2640
2641 661
2642 00:44:43,560 ~-~-> 00:44:46,950
2643 Because the more it keeps going higher, the more likely it
2644
2645 662
2646 00:44:46,950 ~-~-> 00:44:50,190
2647 is to trade against the liquidity above here and now these
2648
2649 663
2650 00:44:50,220 ~-~-> 00:44:54,000
2651 equal highs. And then if it goes above here then unwinds the
2652
2653 664
2654 00:44:54,000 ~-~-> 00:44:56,430
2655 whole narrative that I used to build the context around that
2656
2657 665
2658 00:44:56,430 ~-~-> 00:45:00,330
2659 117 40 level. So let's get this off because this is Last
2660
2661 666
2662 00:45:00,330 ~-~-> 00:45:05,490
2663 week, and looking at, again, price action like this naked,
2664
2665 667
2666 00:45:05,520 ~-~-> 00:45:11,190
2667 it feels like it's it's noise, it's chaos. But everything in
2668
2669 668
2670 00:45:11,190 ~-~-> 00:45:14,910
2671 here has a reason for it occurring. And I teach this. This
2672
2673 669
2674 00:45:14,910 ~-~-> 00:45:17,550
2675 is not this is not a new introduction, nothing new I gave
2676
2677 670
2678 00:45:17,550 ~-~-> 00:45:21,570
2679 was defining the interbank feeling range, and what makes it
2680
2681 671
2682 00:45:21,570 ~-~-> 00:45:25,950
2683 such. And in summary, you want to look at where the most
2684
2685 672
2686 00:45:25,950 ~-~-> 00:45:28,560
2687 recent dealing range has traded? Did it take out by side
2688
2689 673
2690 00:45:28,560 ~-~-> 00:45:31,620
2691 liquidity, their take out sell side liquidity, it need, you
2692
2693 674
2694 00:45:31,620 ~-~-> 00:45:36,570
2695 need to find those two most recent day markers. And once you
2696
2697 675
2698 00:45:36,570 ~-~-> 00:45:39,600
2699 know that, that's your current dealing range on the
2700
2701 676
2702 00:45:39,600 ~-~-> 00:45:44,190
2703 interbank level. For any timeframe, any timeframe. Okay,
2704
2705 677
2706 00:45:44,580 ~-~-> 00:45:47,550
2707 using a 15 minute timeframe. That's like my bellwether, I
2708
2709 678
2710 00:45:47,550 ~-~-> 00:45:51,180
2711 can find a lot of setups with a 15 minute chart. And
2712
2713 679
2714 00:45:52,530 ~-~-> 00:45:55,500
2715 if you use an hourly chart, you'll come up with a different
2716
2717 680
2718 00:45:55,500 ~-~-> 00:45:58,680
2719 dealing range. So don't think well what happens if I look at
2720
2721 681
2722 00:45:58,680 ~-~-> 00:46:00,690
2723 the four hour chart, and then that doesn't look like it does
2724
2725 682
2726 00:46:00,690 ~-~-> 00:46:03,510
2727 this and you trade, the timeframe that you're looking at?
2728
2729 683
2730 00:46:04,560 ~-~-> 00:46:08,010
2731 This is the timeframe I used. The narrative was already in
2732
2733 684
2734 00:46:08,010 ~-~-> 00:46:12,630
2735 motion, modest higher prices and dollar, lower foreign
2736
2737 685
2738 00:46:12,630 ~-~-> 00:46:17,670
2739 currency prices. And this is her dealing range. Okay, so you
2740
2741 686
2742 00:46:17,670 ~-~-> 00:46:20,580
2743 use last week's information to tell you what this week's got
2744
2745 687
2746 00:46:20,580 ~-~-> 00:46:24,600
2747 to do. And this weekly profile, I even shared that publicly.
2748
2749 688
2750 00:46:25,590 ~-~-> 00:46:28,560
2751 bearish week, okay, Tuesday's high of The Week, 7% of time,
2752
2753 689
2754 00:46:29,340 ~-~-> 00:46:31,770
2755 and you can get a really good cell signal on Wednesday.
2756
2757 690
2758 00:46:32,460 ~-~-> 00:46:39,000
2759 There you go. Folks, listen. I hate to sound like I'm
2760
2761 691
2762 00:46:39,030 ~-~-> 00:46:43,170
2763 twisting everyone's arm. Okay, but I get a plethora of
2764
2765 692
2766 00:46:43,200 ~-~-> 00:46:46,680
2767 emails from people that say the markets are not manipulated,
2768
2769 693
2770 00:46:46,980 ~-~-> 00:46:49,620
2771 you're talking lies, there is no algorithm, there's this
2772
2773 694
2774 00:46:49,620 ~-~-> 00:46:53,640
2775 than this, this? Listen, I'm only going to provide the
2776
2777 695
2778 00:46:53,640 ~-~-> 00:46:56,160
2779 evidence. you wrestle with that, because you're not going to
2780
2781 696
2782 00:46:56,160 ~-~-> 00:46:58,620
2783 convince me because this is what I used to call the markets.
2784
2785 697
2786 00:46:59,130 ~-~-> 00:47:02,190
2787 This is what I do to engage price. This is how I call the
2788
2789 698
2790 00:47:02,190 ~-~-> 00:47:05,790
2791 targets. Find the logic of anything I'm showing you here and
2792
2793 699
2794 00:47:05,790 ~-~-> 00:47:11,310
2795 anywhere else. It doesn't exist. It does not exist. Because
2796
2797 700
2798 00:47:11,310 ~-~-> 00:47:18,090
2799 this is self reliant. It's stands on its own. I don't need
2800
2801 701
2802 00:47:18,090 ~-~-> 00:47:20,220
2803 to defend. That's why I tell everybody go through my videos,
2804
2805 702
2806 00:47:20,760 ~-~-> 00:47:24,390
2807 and then wrestle with it. Because you're either gonna walk
2808
2809 703
2810 00:47:24,390 ~-~-> 00:47:27,330
2811 away thinking this is too much work. Okay, great. You didn't
2812
2813 704
2814 00:47:28,020 ~-~-> 00:47:33,150
2815 debunk it. Or you're gonna say, Oh, my goodness. This is
2816
2817 705
2818 00:47:33,150 ~-~-> 00:47:37,620
2819 exactly what's going on. Hello, conversion. And that's all
2820
2821 706
2822 00:47:37,620 ~-~-> 00:47:41,190
2823 it takes to stick your foot in this web, and you'll never
2824
2825 707
2826 00:47:41,190 ~-~-> 00:47:46,710
2827 get out of it alive. Period. Once you see it, you cannot
2828
2829 708
2830 00:47:46,710 ~-~-> 00:47:54,150
2831 unsee it and every week, every day, and it won't stop. Until
2832
2833 709
2834 00:47:54,150 ~-~-> 00:47:56,190
2835 next time. I wish you good luck and good trading.