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Version 1.1 by Drunk Monkey on 2020-11-20 17:10
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3 ICT: Welcome back, folks. It's been a while since I've
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7 posted another video to the YouTube channel. So I appreciate
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11 your patience. And as always your continued interest in my
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15 content. Alright, so we're going to talk about liquidity.
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19 I'm going to try to make this as brief as I possibly can, I
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23 tend to go overboard sometimes with insights and commentary,
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27 but I'm gonna try to do it as short and concise as I
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31 possibly can, which invariably will always inspire questions
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35 concerns, it will create gaps in your understanding. And
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39 that's normal. Okay, just know that it's meant for you to
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43 investigate on your own study, because I'm going to frame it
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47 in that capacity. So that way, you know, while it's not just
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51 perfectly formulated for this example, students of mine for
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55 a long period of time will hear certain things that I've
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59 talked about in passing in other commentaries and other
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63 YouTube series videos that you can find on this channel. I'm
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67 not a pattern trader, in the sense that I'm looking for, as
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71 it's commonly referred to as a trading pattern, like a
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75 harmonic pattern, okay, like a bat, or gartley, or a
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79 Fibonacci sequence, we're not looking for those things. So
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83 while I may reach for Fibonacci, to show a level of
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87 projection, and maybe show and highlight an area that is
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91 visually representing a valuation that would be undervalued
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95 or overvalued, or in the sense that it's overbought,
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99 oversold, without using an oscillator, okay, we're looking
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103 at specific ranges. So I'm going to touch a little bit on my
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107 L seven ranges, specifically, In this lesson, it's going to
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111 be a seven range example. And, again, it's not trying to
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115 teach you everything because there's no way I could do this.
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119 But it's also one more illustration of my I haven't ran out
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123 of yeast, okay, this Baker has a lot of yeast. And I can
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127 continue to teach for decades in the future and still not
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131 running the content. Because I understand the algorithm.
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135 Now, what I'm going to show you today would be normally
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139 reserved for students that are in my mentorship. But I want
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143 you to appreciate the level of systematic delivery of price,
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147 why it does what it does, and try to just simply suspend
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151 your belief system on any other model or school of thought,
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155 like if you're a supply and demand follower, or if you're an
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159 Elliott, wave trader, or harmonic trader, if you trade
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163 market, profile, it all those things just for a moment, try
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167 to put that to the side. And try not to lean on any of your
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171 logic, just for a moment, okay, during the time of this
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175 recording, just suspend all belief in that. I'm not saying
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179 believe this wholeheartedly, but I want you to just listen
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183 to it, and then go into your charts and you'll find it.
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187 Okay. So, Alright, so we're looking at the dollar CAD and
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191 this is a pair. Admittedly, I don't trade a lot. But if I
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195 don't get a set up in euro dollar or pound dollar, I will
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199 sometimes resort to trading this pair or the Aussie dollar.
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203 Okay, so, so I just want to toss that little disclaimer out
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207 there. I'm not actively trading dollar Cad a lot. But I want
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211 you to think about some general themes here. Again, I
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215 mentioned the L seven range theory. And it's basically
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219 trading inside the range. I'm going to frame a range for you
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223 so that we can see a little bit of the context that's
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227 required. But most of the things I'm going to show you here
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231 are pretty simple and straightforward. And it's not hard.
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235 It's not about moving parts. But there are very specific
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239 rule based ideas that need to be considered when you look
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243 and study at old data. And you'll see that this occurs when
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247 we're looking at liquidity, okay, the easiest way to
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251 determine that is anything that would reside above a short
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255 term high or intermediate term high. Now, you might look at
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259 this area here and say which one's the high? Well, this
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263 candle is slightly higher than all of them.
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267 But whenever I see multiple candles, or multiple levels that
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271 look very close to one another in height or in depth in
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275 terms of the, the lows if we're looking at if we're
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279 considering the opposite, in terms of looking for Southside
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283 liquidity by side liquidity rest above old highs. Now it can
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287 come in the form of Have these areas like this where it's
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291 relatively equal highs, okay, that's one of the concepts
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295 that I use to frame the idea and understanding of liquidity.
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299 Now liquidity can be formed on the basis of a single point
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303 of reference like this high, or this high, or this high. Or
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307 it could be a collection of relatively equal highs or
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311 relatively equal lows. Like this center, this would be
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315 considered relative equal lows. In my school of thought,
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319 this is relative equal highs. And my school of thought this
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323 is a single by sight liquidity pool, old high, this is a
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327 single by side liquidity pool, short term high, these
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331 things, okay are not required. For a label sense. It's just,
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335 I'm showing you the contrast between the two. But generally,
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339 anything above an old high would be buy side liquidity, that
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343 means there's buy orders up there. Now, as a new trader,
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347 that sounds a little alien, it doesn't make sense, who would
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351 be wanting to buy up there, because your books are telling
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355 you buy low, sell high. There's always traders that are
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359 going short, or traders that want to buy on a breakout that
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363 goes above that. So that's the context of why that's buy
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367 side liquidity. And I teach it from a institutional
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371 perspective, I'm not looking at it in terms of saying, you
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375 know, this is a resistance level, I'm teaching that this is
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379 an area where there are willing buyers up there. And that
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383 perception of price action. Once you start adopting that and
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387 looking at price with that, view, your opinions, your bias,
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391 your analysis will slowly start to migrate away from away
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395 from the retail logic that all of us are indoctrinated with,
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399 when we first come into trading, that's a normal thing. But
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403 statistically proven, if you look at all of the retail logic
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407 that's available to us. Why is it that 90% of the traders
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411 lose money? It's because the logic is flawed. Okay. So if
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415 it's flawed, what is the common denominator as to why retail
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419 logic fails more times than it wins, I'm not saying it can't
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423 win. I'm not. Now I'm not saying that retail traders always
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427 lose. And I'm not saying that a retail trader can't be
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431 profitable, even using retail logic. But they have to make a
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435 departure from all things retail, at some point, they have
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439 to inject their own experience into the analysis. And that
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443 experience is going to be a byproduct of looking at things
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447 experientially and seeing, okay, I've learned this pattern
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451 in the books, I've seen this author, I've seen this, you
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455 know, educator or trader guru mentioned this idea. But I
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459 have seen in this instance, when that patterns there, it
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463 fails, because of other things that I didn't learn in other
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467 books. And you're going to have these epiphanies that's
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471 experienced that you can't just get from a book, I can't
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475 transpose all of my experience, I can talk about things that
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479 I learned experientially, and like what I'm going to show
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483 you here, but it's important for you to understand it. The
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487 main common denominator is the markets are manipulated, and
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491 they're manipulated not on a random basis, but they're
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495 manipulated with a role based structure. So I'm going to
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499 give you a little bit of the details and how you can start
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503 looking for these types of signatures in price. So if you
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507 look at this dollar CAD, we have an old low here and price
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511 has rallied up now retail logics dates that we have this low
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515 as a support level, why? Because price moved away from
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519 there. We won't go into describing why it would have turned
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523 there from a retail trader, they just deem it as well this
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527 support because why? If price hits it and repels then it's a
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531 support level. Okay, that might be simple enough for you to
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535 subscribe to. I don't look at it like that I look at it as
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539 Okay, there is now engineered liquidity. Now, what does that
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543 mean? That means that the market has turned on a dime here
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547 and rallied higher. I see this as a liquidity pool of sell
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551 side orders. Okay, sell side liquidity. Anyone that would
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555 have an order below that would be a seller they want to sell
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559 Why would they want to sell below that?
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563 Because anyone that's long here, or even chasing price,
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567 they're going to look back to this level and feel confident
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571 that well it bounced there before so even if it starts to
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575 come down, which may be very uncomfortable for them. They
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579 have belief and faith and confidence that their books have
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583 indoctrinated them into believing that this is a level that
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587 should prevent price from going lower and I To think like
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591 that, until I lost thousands of dollars. And then it quickly
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595 dawned on me that I'm probably not following the right
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599 things. So I want you to think about that low with the
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603 target or Bullseye of the price wanting to go down to that
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607 level to attack the liquidity at rest below that low. Now,
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611 it may take months before it gets to this low, but if it
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615 gets to this low, this is what I want you to start looking
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619 at. And it doesn't only work on daily charts, this works on
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623 hourly charts, it works on four hour charts, it works on
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627 weekly charts, okay. So it's important that you know that
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631 this liquidity idea I'm teaching you here is just part of
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635 the framework. But we can see eventually, on the ninth of
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639 November, price trades down and goes below that low. This is
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643 an important event, when this day runs below this low. It's
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647 a crucial event algorithmically, because what it's doing is
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651 it's going into a pool of liquidity. Now, we don't know with
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655 any absolute assurity that what I'm going to outline here is
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659 going to unfold, but I'm going to give you the things you'd
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663 look for to build confidence that it is likely to. And
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667 you'll see by going through your own charts, how fast you
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671 can see these scenarios developing. We're going to go down
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675 to an hourly chart and study this fractal where it goes
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679 below this low here, and I'm going to release information to
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683 you that would otherwise not be shown on my YouTube channel.
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687 So let's go over to the hourly chart now. Alright, so here
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691 is the hourly dollar CAD chart. Now right away, it probably
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695 doesn't look like much to you. Okay, but I'm going to add
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699 annotations in a moment. But I want you to take a look at
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703 some of the things without having any scribbles any kind of
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707 annotations or markings or labels on the chart. Just let me
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711 flesh it out for you a little bit. And then we'll throw the
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715 lipstick on the chart, you should be able to see this high.
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719 And this low as a important price range. Now what makes it
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723 important, it's the most dominant price range in this
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727 portion of price action. So whenever I'm looking at price, I
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731 look for clear, discernible price ranges. When the range is
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735 clearly defined. As you can see here, what I do is I want to
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738 00:12:22,020 ~-~-> 00:12:26,280
739 look for reference points based on measurements that are
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742 00:12:26,280 ~-~-> 00:12:28,950
743 very generic. Okay, so in other words, I want to know what
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746 00:12:28,950 ~-~-> 00:12:32,340
747 this high is here on this candle. And I want to know what
748
749 188
750 00:12:32,340 ~-~-> 00:12:36,960
751 the low of this candle is. Now, we're looking at this with
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753 189
754 00:12:36,960 ~-~-> 00:12:41,100
755 the expectation that we're anticipating a run below that,
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757 190
758 00:12:41,100 ~-~-> 00:12:44,280
759 but we don't know if it's going to continue. We wait for
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762 00:12:44,280 ~-~-> 00:12:47,730
763 something to occur, which I'll outline here. And then once
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766 00:12:47,730 ~-~-> 00:12:51,960
767 it happens, it gives us framework for short term bias and
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770 00:12:52,380 ~-~-> 00:12:55,320
771 withdrawal and liquidity is only in an opposing order. In
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774 00:12:55,320 ~-~-> 00:12:58,590
775 other words, we see a an attack on sellside liquidity with
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778 00:12:58,590 ~-~-> 00:13:02,850
779 this day here. If something occurs as I outline, that will
780
781 196
782 00:13:02,850 ~-~-> 00:13:07,590
783 be your greenlight to anticipate opposing by side liquidity
784
785 197
786 00:13:07,770 ~-~-> 00:13:12,540
787 to be taken. Okay, so the concept I'm showing you here is
788
789 198
790 00:13:12,540 ~-~-> 00:13:17,430
791 purge and revert. Okay, purge and revert. Right. So when we
792
793 199
794 00:13:17,430 ~-~-> 00:13:22,950
795 look at liquidity, you want to be able to look at it on the
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797 200
798 00:13:22,950 ~-~-> 00:13:26,910
799 basis of daily highs and lows. Now when you look at daily
800
801 201
802 00:13:26,910 ~-~-> 00:13:30,420
803 highs and lows, you can add period separators to your chart
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805 202
806 00:13:30,420 ~-~-> 00:13:35,130
807 like tradingview.com allows you to do I'm not sure why it
808
809 203
810 00:13:35,130 ~-~-> 00:13:38,790
811 takes so long to load up like that. But there it is. But if
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814 00:13:38,790 ~-~-> 00:13:42,210
815 you put the period separators on trading view, this is the
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817 205
818 00:13:42,210 ~-~-> 00:13:45,960
819 levels that you're going to get. Now, I'm not going to argue
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821 206
822 00:13:46,080 ~-~-> 00:13:49,830
823 that what I'm going to show you use better or that you can't
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826 00:13:49,830 ~-~-> 00:13:53,880
827 use this either. I'm just teaching you the way I look at it.
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830 00:13:53,970 ~-~-> 00:13:57,510
831 Okay, so if you're here on my channel, that more or less
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833 209
834 00:13:57,510 ~-~-> 00:14:02,520
835 indicates that you're interested to see how I think about it
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838 00:14:02,610 ~-~-> 00:14:06,030
839 may not subscribe to everything I say. In fact, I would
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842 00:14:06,180 ~-~-> 00:14:08,910
843 count you not to do that. There's things I'm going to say in
844
845 212
846 00:14:08,910 ~-~-> 00:14:12,810
847 this video and maybe in other videos that will be offensive
848
849 213
850 00:14:12,810 ~-~-> 00:14:16,800
851 to you because you are holding fast to your your, your logic
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854 00:14:16,800 ~-~-> 00:14:19,680
855 your system, your your method. And if it's profitable, don't
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857 215
858 00:14:19,680 ~-~-> 00:14:22,470
859 allow me to change your mind about something that may be
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862 00:14:22,470 ~-~-> 00:14:25,830
863 working for you. But if you can take something from the
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866 00:14:25,830 ~-~-> 00:14:29,130
867 things I'm going to show you here and glean insight that may
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869 218
870 00:14:29,130 ~-~-> 00:14:32,430
871 improve upon what you're already doing. That's really my
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873 219
874 00:14:32,430 ~-~-> 00:14:33,630
875 only intention here.
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877 220
878 00:14:33,660 ~-~-> 00:14:37,770
879 Okay, but it will be better if you could suspend all of the
880
881 221
882 00:14:37,770 ~-~-> 00:14:41,400
883 previous ideas that you have about price. Okay, and looking
884
885 222
886 00:14:41,400 ~-~-> 00:14:46,350
887 for things. I don't do it like this. Okay, so what I do is I
888
889 223
890 00:14:46,350 ~-~-> 00:14:51,030
891 look at the midnight to midnight timeframe, and I delineate
892
893 224
894 00:14:51,030 ~-~-> 00:14:55,890
895 my session breaks like that. So it'll look like this. Okay,
896
897 225
898 00:14:55,890 ~-~-> 00:14:58,080
899 so all my vertical lines here are midnight to midnight, New
900
901 226
902 00:14:58,080 ~-~-> 00:15:05,160
903 York. Time. Once this low, which is highlighted with this
904
905 227
906 00:15:05,160 ~-~-> 00:15:08,790
907 line here, that's that old daily low. And we see that run
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909 228
910 00:15:08,790 ~-~-> 00:15:13,020
911 below the old daily low here that is a purging of liquidity.
912
913 229
914 00:15:13,980 ~-~-> 00:15:19,560
915 Now, once this purge occurs, we want to see the day of that
916
917 230
918 00:15:19,560 ~-~-> 00:15:23,910
919 purge, we want to start looking backwards. Okay. And other
920
921 231
922 00:15:23,910 ~-~-> 00:15:26,490
923 video series and other videos and other commentaries I've
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925 232
926 00:15:26,490 ~-~-> 00:15:30,060
927 done with forex and trading technical analysis concepts and
928
929 233
930 00:15:30,060 ~-~-> 00:15:37,320
931 such. You'll hear this repeat three days, okay, I use a
932
933 234
934 00:15:37,320 ~-~-> 00:15:42,720
935 three day range of look back. Okay, if you look for the last
936
937 235
938 00:15:42,720 ~-~-> 00:15:46,110
939 three days, you'll have all the liquidity pools you need to
940
941 236
942 00:15:46,110 ~-~-> 00:15:50,550
943 make money, you'll have all the liquidity pools to target
944
945 237
946 00:15:50,580 ~-~-> 00:15:53,400
947 for your trades, you'll have all the liquidity pools that
948
949 238
950 00:15:53,400 ~-~-> 00:15:57,840
951 you could use for trade entries. And you don't need anything
952
953 239
954 00:15:57,870 ~-~-> 00:16:02,160
955 other than that. You don't need to have a 20 day look back
956
957 240
958 00:16:02,160 ~-~-> 00:16:04,170
959 period, you don't need to have a 60 day you don't need to
960
961 241
962 00:16:04,170 ~-~-> 00:16:06,900
963 have a 40 day, you don't need to look back on your weekly
964
965 242
966 00:16:06,900 ~-~-> 00:16:09,600
967 charts and see how many times something hit a level 14
968
969 243
970 00:16:09,600 ~-~-> 00:16:14,490
971 different times to have any faith in the market does not
972
973 244
974 00:16:14,490 ~-~-> 00:16:20,220
975 look back 20 years ago. The market does not look back five
976
977 245
978 00:16:20,220 ~-~-> 00:16:26,160
979 years ago. Okay, it looks at pre determined price levels.
980
981 246
982 00:16:26,760 ~-~-> 00:16:29,790
983 And that's the reason why the algorithms operate the way
984
985 247
986 00:16:29,790 ~-~-> 00:16:32,850
987 they do. And what I mean by that if for some of you that are
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989 248
990 00:16:32,850 ~-~-> 00:16:37,980
991 not technically inclined or familiar with computer
992
993 249
994 00:16:37,980 ~-~-> 00:16:41,160
995 programming, for those that are This will make a lot of
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997 250
998 00:16:41,160 ~-~-> 00:16:43,890
999 sense to you. But those that aren't, just bear with me, for
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1001 251
1002 00:16:43,890 ~-~-> 00:16:46,230
1003 the folks that are technically inclined, I'm not trying to
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1005 252
1006 00:16:46,230 ~-~-> 00:16:48,390
1007 talk down to those individuals that aren't, I'm just trying
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1009 253
1010 00:16:48,390 ~-~-> 00:16:52,710
1011 to be as inclusive as possible and comprehensive. So that
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1013 254
1014 00:16:52,710 ~-~-> 00:16:55,260
1015 way you understand what I'm saying here, so it doesn't go
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1017 255
1018 00:16:55,260 ~-~-> 00:16:58,050
1019 right over your head. Because I can clearly see, there's
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1021 256
1022 00:16:58,050 ~-~-> 00:17:00,120
1023 going to be a lot of people that are going to be confused by
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1025 257
1026 00:17:00,120 ~-~-> 00:17:02,880
1027 this lesson. But if you just take it for what I'm going to
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1029 258
1030 00:17:02,880 ~-~-> 00:17:05,160
1031 show you here and then go into your own charts, you'll see
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1033 259
1034 00:17:05,160 ~-~-> 00:17:09,450
1035 what I'm referring to, and then it'll click so the day of
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1037 260
1038 00:17:09,450 ~-~-> 00:17:12,420
1039 the purging. Now what's the day it runs below that old daily
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1041 261
1042 00:17:12,420 ~-~-> 00:17:16,560
1043 low? When that happens? We count that as day one. Okay,
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1045 262
1046 00:17:16,560 ~-~-> 00:17:23,340
1047 that's day one of that event of purging. We wait to see if
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1049 263
1050 00:17:23,340 ~-~-> 00:17:28,830
1051 it goes higher and reverts, not reverses. Okay, I'm not
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1054 00:17:28,830 ~-~-> 00:17:32,460
1055 saying reversal. I'm saying revert What is it reverting to?
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1057 265
1058 00:17:32,700 ~-~-> 00:17:37,050
1059 It's reverting to buy side. So it draws to sell side
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1061 266
1062 00:17:37,050 ~-~-> 00:17:41,700
1063 liquidity. And that's counted as day one. That is day one,
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1065 267
1066 00:17:41,730 ~-~-> 00:17:45,360
1067 day two, day three. That's our look back on the day of
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1069 268
1070 00:17:45,360 ~-~-> 00:17:49,830
1071 liquidity purge. So the day it occurs, you'd look back three
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1073 269
1074 00:17:49,830 ~-~-> 00:17:55,260
1075 days. Now, inside the range prior to the liquidity purge,
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1077 270
1078 00:17:55,680 ~-~-> 00:17:58,380
1079 you got to look back and see where is that range. Now you
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1081 271
1082 00:17:58,380 ~-~-> 00:18:00,210
1083 could have looked at this, say if you're looking at a 15
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1085 272
1086 00:18:00,210 ~-~-> 00:18:03,270
1087 minute chart, maybe you would have seen it as this high to
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1089 273
1090 00:18:03,270 ~-~-> 00:18:05,550
1091 this low. And that's fine. There's nothing wrong with that
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1093 274
1094 00:18:05,550 ~-~-> 00:18:08,250
1095 you will be just using five minute charts to get the same
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1097 275
1098 00:18:08,250 ~-~-> 00:18:11,700
1099 premise I'm showing you here on an hourly chart. It's all
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1102 00:18:11,700 ~-~-> 00:18:17,280
1103 scalable folks. The things that I teach are very friendly to
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1105 277
1106 00:18:17,280 ~-~-> 00:18:19,980
1107 making it your own. I don't mean that by saying take my
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1109 278
1110 00:18:19,980 ~-~-> 00:18:22,500
1111 content, rename it and put a YouTube video up. Okay, that's
1112
1113 279
1114 00:18:22,500 ~-~-> 00:18:25,500
1115 not that's not what I'm saying here. What I'm saying is it
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1117 280
1118 00:18:25,500 ~-~-> 00:18:28,830
1119 allows you the freedom and flexibility, because if the
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1122 00:18:28,830 ~-~-> 00:18:34,230
1123 method and concepts are legitimate, it will allow anyone any
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1126 00:18:34,230 ~-~-> 00:18:37,140
1127 number of people to come in and form their own model and
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1130 00:18:37,140 ~-~-> 00:18:40,740
1131 which doesn't seem logical to a new trader or someone that's
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1133 284
1134 00:18:40,740 ~-~-> 00:18:44,580
1135 a neophyte someone coming to this for the first time. Like
1136
1137 285
1138 00:18:44,610 ~-~-> 00:18:47,640
1139 it was for me, there only is one way of doing it
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1141 286
1142 00:18:48,390 ~-~-> 00:18:52,440
1143 successfully. And I've learned it took me about six years to
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1145 287
1146 00:18:52,440 ~-~-> 00:18:56,850
1147 get there. But when I first started in 1992, it took me six
1148
1149 288
1150 00:18:56,850 ~-~-> 00:19:00,930
1151 years before I realized that there isn't one way to be
1152
1153 289
1154 00:19:00,930 ~-~-> 00:19:04,770
1155 profitable. There is a myriad of ways, but there are certain
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1157 290
1158 00:19:04,770 ~-~-> 00:19:07,710
1159 things that you need to understand that puts the odds more
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1161 291
1162 00:19:07,710 ~-~-> 00:19:11,790
1163 in your favor than if you didn't know it. And the
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1165 292
1166 00:19:12,150 ~-~-> 00:19:14,820
1167 adversities that you have and suffer through are really
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1169 293
1170 00:19:14,820 ~-~-> 00:19:17,100
1171 avoidable. Okay. You have to at some point, you have to
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1173 294
1174 00:19:17,100 ~-~-> 00:19:21,990
1175 admit that these markets are 100% controlled. They are we
1176
1177 295
1178 00:19:21,990 ~-~-> 00:19:22,440
1179 have
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1181 296
1182 00:19:23,099 ~-~-> 00:19:26,909
1183 breakers in the marketplace that says once it trades this
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1185 297
1186 00:19:26,909 ~-~-> 00:19:30,299
1187 much trading halts for a little while. Okay, isn't that a
1188
1189 298
1190 00:19:30,299 ~-~-> 00:19:33,629
1191 measure of control? Sure it is. And it's not limited to that
1192
1193 299
1194 00:19:33,689 ~-~-> 00:19:36,119
1195 they know where these markets are going to go. They're
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1197 300
1198 00:19:36,149 ~-~-> 00:19:40,139
1199 driven there. Okay. And this is an example of engineered
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1201 301
1202 00:19:40,139 ~-~-> 00:19:43,589
1203 liquidity. Engineered liquidity is where they run down, take
1204
1205 302
1206 00:19:43,589 ~-~-> 00:19:47,099
1207 those sellers out of the marketplace for what purpose. It
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1209 303
1210 00:19:47,099 ~-~-> 00:19:50,759
1211 allows individuals that are on smart money side of things.
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1213 304
1214 00:19:51,659 ~-~-> 00:19:54,809
1215 Informed traders, okay, large institutional traders, bank
1216
1217 305
1218 00:19:54,809 ~-~-> 00:19:58,679
1219 traders, and they will use that liquidity to be a
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1221 306
1222 00:19:58,679 ~-~-> 00:20:03,119
1223 Counterparty to their body. So it is a way of looking at
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1225 307
1226 00:20:03,119 ~-~-> 00:20:05,969
1227 price and saying, okay, I don't need to have an overbought
1228
1229 308
1230 00:20:05,969 ~-~-> 00:20:08,429
1231 oversold indicator, I don't need to have a divergence in an
1232
1233 309
1234 00:20:08,429 ~-~-> 00:20:11,549
1235 oscillator, I don't need to have harmonic on my side, I'm
1236
1237 310
1238 00:20:11,549 ~-~-> 00:20:15,569
1239 just looking at where liquidity is. And if we see an old
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1241 311
1242 00:20:15,569 ~-~-> 00:20:19,769
1243 daily low taken, that is a significant pool of liquidity.
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1245 312
1246 00:20:19,799 ~-~-> 00:20:22,649
1247 There's lots of orders below an old low, like I indicated on
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1249 313
1250 00:20:22,649 ~-~-> 00:20:26,699
1251 the daily chart before transitioning to the hourly. But this
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1253 314
1254 00:20:26,699 ~-~-> 00:20:30,719
1255 event where it goes below that low, it's being paired with
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1257 315
1258 00:20:30,749 ~-~-> 00:20:33,509
1259 smart money that wants to buy now, right away some of you're
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1261 316
1262 00:20:33,509 ~-~-> 00:20:36,509
1263 looking as well, this is all hindsight. I'm teaching it
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1265 317
1266 00:20:36,509 ~-~-> 00:20:39,539
1267 through hindsight. But I promise, if you go through your
1268
1269 318
1270 00:20:39,539 ~-~-> 00:20:43,019
1271 charts, the things I'm showing you here, they repeat over
1272
1273 319
1274 00:20:43,019 ~-~-> 00:20:47,549
1275 and over again, which is a basis for a model, this could be
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1277 320
1278 00:20:47,579 ~-~-> 00:20:51,659
1279 your unique trading model. And it's not really shown
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1281 321
1282 00:20:51,659 ~-~-> 00:20:54,509
1283 anywhere in any of my content. I don't even teach this even
1284
1285 322
1286 00:20:54,509 ~-~-> 00:20:58,019
1287 in mentorship. What I'm showing you here is fresh, but it's
1288
1289 323
1290 00:20:58,019 ~-~-> 00:21:01,259
1291 using concepts that I've touched on even in this free
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1293 324
1294 00:21:01,259 ~-~-> 00:21:05,039
1295 youtube channel. And in my mentorship, so I'm blending both
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1297 325
1298 00:21:05,069 ~-~-> 00:21:08,489
1299 of the worlds that are inside my mentorship and outside, I'm
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1301 326
1302 00:21:08,489 ~-~-> 00:21:11,249
1303 bringing them together with something for free right here.
1304
1305 327
1306 00:21:11,249 ~-~-> 00:21:13,979
1307 So that way you can gain a greater understanding what the
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1310 00:21:13,979 ~-~-> 00:21:18,569
1311 markets are doing and why they're doing it. If this is true,
1312
1313 329
1314 00:21:18,569 ~-~-> 00:21:21,749
1315 if my assumption and my argument that I posed to everyone
1316
1317 330
1318 00:21:21,749 ~-~-> 00:21:25,469
1319 that comes to me, if these markets are not 100% manipulated
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1321 331
1322 00:21:25,469 ~-~-> 00:21:28,289
1323 by an algorithm, then the things I'm going to show you here
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1325 332
1326 00:21:28,319 ~-~-> 00:21:33,899
1327 won't hold up. In price runs below, an old low that sells
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1329 333
1330 00:21:33,899 ~-~-> 00:21:38,099
1331 high liquidity has been purged only if we start to move away
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1333 334
1334 00:21:38,099 ~-~-> 00:21:42,809
1335 from it. Now it might be a sweep on stops, and then it
1336
1337 335
1338 00:21:42,809 ~-~-> 00:21:46,979
1339 continues higher. But if it runs below it, and then goes
1340
1341 336
1342 00:21:46,979 ~-~-> 00:21:51,149
1343 back above a specific level, what level would that be, but
1344
1345 337
1346 00:21:51,149 ~-~-> 00:21:53,549
1347 we want to look at the day that it occurs and runs the
1348
1349 338
1350 00:21:53,549 ~-~-> 00:21:57,089
1351 liquidity out. So this day here, I've annotated the daily
1352
1353 339
1354 00:21:57,089 ~-~-> 00:22:03,119
1355 high, if that high is traded to and through, that is a
1356
1357 340
1358 00:22:03,119 ~-~-> 00:22:09,239
1359 market structure break only on the basis of a liquidity
1360
1361 341
1362 00:22:09,239 ~-~-> 00:22:12,749
1363 purge. Now, it does not mean it's 100% successful, it just
1364
1365 342
1366 00:22:12,749 ~-~-> 00:22:15,479
1367 means that from an algorithmic standpoint, if we're looking
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1369 343
1370 00:22:15,479 ~-~-> 00:22:19,739
1371 at logical steps of processes, we look for this, If this
1372
1373 344
1374 00:22:19,739 ~-~-> 00:22:22,169
1375 occurs, then we look for this, if that occurs, then we look
1376
1377 345
1378 00:22:22,169 ~-~-> 00:22:24,239
1379 for this. And if that occurs, we look for that. So it's a
1380
1381 346
1382 00:22:24,239 ~-~-> 00:22:29,039
1383 matter of looking at a recipe for a model that would be
1384
1385 347
1386 00:22:29,039 ~-~-> 00:22:34,469
1387 unfolding dynamically. So if this day's high, when it takes
1388
1389 348
1390 00:22:34,469 ~-~-> 00:22:37,469
1391 the liquidity out, is broken on the upside here, I don't
1392
1393 349
1394 00:22:37,469 ~-~-> 00:22:41,039
1395 need it to close above it. That's not I don't need that.
1396
1397 350
1398 00:22:41,249 ~-~-> 00:22:44,519
1399 Because the narrative is it ran below an old low for
1400
1401 351
1402 00:22:44,519 ~-~-> 00:22:47,579
1403 liquidity. If it's going to go higher, the algorithm will
1404
1405 352
1406 00:22:47,579 ~-~-> 00:22:51,659
1407 start it's macro and macro is a short order of processes
1408
1409 353
1410 00:22:51,809 ~-~-> 00:22:57,989
1411 that begin and go step by step. And it's like a small little
1412
1413 354
1414 00:22:58,379 ~-~-> 00:23:01,709
1415 algorithm and incense and the large algorithm that creates
1416
1417 355
1418 00:23:01,709 ~-~-> 00:23:05,549
1419 and controls price action. It's just a bunch of smaller
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1421 356
1422 00:23:05,549 ~-~-> 00:23:10,349
1423 little algorithms that tie together. And it's very complex,
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1425 357
1426 00:23:10,379 ~-~-> 00:23:13,799
1427 obviously, but just know that you can reduce it to something
1428
1429 358
1430 00:23:13,799 ~-~-> 00:23:15,539
1431 as simple as what I'm showing you here. It may not seem
1432
1433 359
1434 00:23:15,539 ~-~-> 00:23:19,289
1435 simple right now, because I'm a little wordy. But I need you
1436
1437 360
1438 00:23:19,289 ~-~-> 00:23:21,389
1439 to understand there's certain things that are at play here
1440
1441 361
1442 00:23:21,389 ~-~-> 00:23:25,529
1443 that cause these things. Okay, that occur. So the rumble of
1444
1445 362
1446 00:23:25,529 ~-~-> 00:23:28,979
1447 the liquidity, if that day's highs broken, we see it here,
1448
1449 363
1450 00:23:29,849 ~-~-> 00:23:33,539
1451 then we can start looking for buy side liquidity for the
1452
1453 364
1454 00:23:33,539 ~-~-> 00:23:35,999
1455 algorithm to revert to that
1456
1457 365
1458 00:23:36,000 ~-~-> 00:23:38,310
1459 here's the previous day's high. That's all these little
1460
1461 366
1462 00:23:38,310 ~-~-> 00:23:41,910
1463 blind segments are I'm looking at the daily high, that is
1464
1465 367
1466 00:23:41,940 ~-~-> 00:23:46,830
1467 between 12 and 12. Midnight each day. So this day's
1468
1469 368
1470 00:23:46,830 ~-~-> 00:23:51,720
1471 liquidity is take taken out. But it's a break in market
1472
1473 369
1474 00:23:51,720 ~-~-> 00:23:55,020
1475 structure on the basis and narrative that we've taken
1476
1477 370
1478 00:23:55,020 ~-~-> 00:23:58,530
1479 Southside liquidity out. So now once it does this, where do
1480
1481 371
1482 00:23:58,530 ~-~-> 00:24:01,410
1483 we anticipate price going to? Well, you first have to revert
1484
1485 372
1486 00:24:01,410 ~-~-> 00:24:06,000
1487 back to this high and this low. So we're looking at how much
1488
1489 373
1490 00:24:06,000 ~-~-> 00:24:10,080
1491 we're going to retrace from this low into this high, it may
1492
1493 374
1494 00:24:10,080 ~-~-> 00:24:12,060
1495 not ever get back to that high. And and here's the thing,
1496
1497 375
1498 00:24:12,090 ~-~-> 00:24:14,760
1499 you don't need to have it go there. But you need to know
1500
1501 376
1502 00:24:14,760 ~-~-> 00:24:17,340
1503 where the midpoint is. And that's what this level is here.
1504
1505 377
1506 00:24:17,490 ~-~-> 00:24:21,120
1507 So that's basically equilibrium between the high and the low
1508
1509 378
1510 00:24:21,150 ~-~-> 00:24:25,650
1511 of that obvious range. Now the algorithm knows this range
1512
1513 379
1514 00:24:25,650 ~-~-> 00:24:29,970
1515 high and it knows the low it forms here. The midpoint is
1516
1517 380
1518 00:24:29,970 ~-~-> 00:24:33,690
1519 equilibrium. So what we're doing is we want to look at three
1520
1521 381
1522 00:24:33,690 ~-~-> 00:24:39,210
1523 days back as far as in terms of time, the liquidity above
1524
1525 382
1526 00:24:39,240 ~-~-> 00:24:44,640
1527 the daily highs as far back as day three, and the filter is
1528
1529 383
1530 00:24:44,640 ~-~-> 00:24:48,030
1531 the midpoint, or equilibrium of the range that's traded in
1532
1533 384
1534 00:24:48,450 ~-~-> 00:24:52,800
1535 prior to the liquidity being purged. Now I already know some
1536
1537 385
1538 00:24:52,800 ~-~-> 00:24:55,440
1539 of you in some of your ears are smoking right now you're
1540
1541 386
1542 00:24:55,440 ~-~-> 00:24:57,600
1543 thinking man, this is too much. I need to trend line right
1544
1545 387
1546 00:24:57,600 ~-~-> 00:25:00,540
1547 now. Somebody taught me a moving average. I see He's killing
1548
1549 388
1550 00:25:00,540 ~-~-> 00:25:05,070
1551 me here. Trust me, okay, when you watch this video a few
1552
1553 389
1554 00:25:05,070 ~-~-> 00:25:08,310
1555 times and go into your charts, you'll see it, it's there.
1556
1557 390
1558 00:25:08,640 ~-~-> 00:25:12,990
1559 But the range needs to be filtered. Okay, once we get to the
1560
1561 391
1562 00:25:12,990 ~-~-> 00:25:17,040
1563 50 point, or 50% level of the high and the low, that's all I
1564
1565 392
1566 00:25:17,040 ~-~-> 00:25:19,680
1567 really use a Fibonacci for folks, you know, I'm just looking
1568
1569 393
1570 00:25:19,680 ~-~-> 00:25:25,170
1571 for equilibrium. And anything at or above it, in my mind is
1572
1573 394
1574 00:25:25,170 ~-~-> 00:25:29,460
1575 expensive. In other words, it's a premium market. So it's
1576
1577 395
1578 00:25:29,460 ~-~-> 00:25:32,550
1579 going to require a whole lot more for me to be a buyer. And
1580
1581 396
1582 00:25:32,550 ~-~-> 00:25:36,660
1583 many times it will negate me being a buyer. But it will not
1584
1585 397
1586 00:25:36,780 ~-~-> 00:25:42,090
1587 disqualify a long entry that I have maybe entered and I did
1588
1589 398
1590 00:25:42,090 ~-~-> 00:25:44,940
1591 not. So we are clear. Now I didn't take a trade on this, I'm
1592
1593 399
1594 00:25:44,940 ~-~-> 00:25:47,610
1595 just showing you conceptually how you can study and see
1596
1597 400
1598 00:25:47,610 ~-~-> 00:25:53,400
1599 these things going forward. But you can use these ideas to
1600
1601 401
1602 00:25:53,400 ~-~-> 00:25:59,160
1603 frame the logic on holding long positions or partials to get
1604
1605 402
1606 00:25:59,160 ~-~-> 00:26:02,370
1607 to this level. And then day three, in this case here. So
1608
1609 403
1610 00:26:02,370 ~-~-> 00:26:05,520
1611 what I mean by that, we have the high the low, the logic
1612
1613 404
1614 00:26:05,520 ~-~-> 00:26:08,610
1615 behind the run on stocks on the sell side liquidity raid,
1616
1617 405
1618 00:26:08,790 ~-~-> 00:26:12,240
1619 okay, so this is purged, if we get a run above the day of
1620
1621 406
1622 00:26:12,450 ~-~-> 00:26:15,510
1623 the purging, and then we start looking at the previous day's
1624
1625 407
1626 00:26:15,510 ~-~-> 00:26:19,740
1627 highs. And above that is going to be liquidity until we get
1628
1629 408
1630 00:26:19,740 ~-~-> 00:26:24,810
1631 to the 50% level of the range. Once it does that, we are in
1632
1633 409
1634 00:26:26,250 ~-~-> 00:26:29,760
1635 an iffy like it might not continue going higher, it could
1636
1637 410
1638 00:26:29,760 ~-~-> 00:26:34,350
1639 but it might not. But if we have day three still in close
1640
1641 411
1642 00:26:34,350 ~-~-> 00:26:37,890
1643 contention with this level. Now it's not that far above it.
1644
1645 412
1646 00:26:38,130 ~-~-> 00:26:42,420
1647 And it's not a lot of range in terms of where the
1648
1649 413
1650 00:26:42,420 ~-~-> 00:26:46,020
1651 equilibrium is and where the previous day or day threes high
1652
1653 414
1654 00:26:46,020 ~-~-> 00:26:48,390
1655 would be that Bice illiquidity would be potentially
1656
1657 415
1658 00:26:48,630 ~-~-> 00:26:58,200
1659 attacked. So we can see each day on the 10th of November, we
1660
1661 416
1662 00:26:58,200 ~-~-> 00:27:02,430
1663 had to break above the old high here, market structure is
1664
1665 417
1666 00:27:02,430 ~-~-> 00:27:04,890
1667 broken. So now we're thinking by side liquidity is going to
1668
1669 418
1670 00:27:04,890 ~-~-> 00:27:09,570
1671 be the next draw. That means your bias on a short term is
1672
1673 419
1674 00:27:09,750 ~-~-> 00:27:15,390
1675 look for this high to be tapped. And maybe this one, we
1676
1677 420
1678 00:27:15,390 ~-~-> 00:27:17,790
1679 don't need to go all the way back up here. Okay, we don't
1680
1681 421
1682 00:27:17,790 ~-~-> 00:27:19,710
1683 need to go all the way back up to the last up close Canada,
1684
1685 422
1686 00:27:19,710 ~-~-> 00:27:22,110
1687 which is a bearish order block, okay, you're looking at high
1688
1689 423
1690 00:27:22,110 ~-~-> 00:27:25,800
1691 probability, high probability. This is what this is high
1692
1693 424
1694 00:27:25,800 ~-~-> 00:27:29,910
1695 probability short term trading. So if we see that they're
1696
1697 425
1698 00:27:29,910 ~-~-> 00:27:33,300
1699 all in beisa, liquidity is the context that the algorithm is
1700
1701 426
1702 00:27:33,300 ~-~-> 00:27:35,400
1703 going to be operating under, they've already done the
1704
1705 427
1706 00:27:35,400 ~-~-> 00:27:38,730
1707 damage. So going down, traders are going to be looking for
1708
1709 428
1710 00:27:38,730 ~-~-> 00:27:41,220
1711 continuation, they're gonna be looking for bear flags,
1712
1713 429
1714 00:27:41,220 ~-~-> 00:27:42,870
1715 they're gonna be looking for a bearish gartley, they're
1716
1717 430
1718 00:27:42,870 ~-~-> 00:27:46,560
1719 going to be looking for bearish, you know, anything to get
1720
1721 431
1722 00:27:46,560 ~-~-> 00:27:49,470
1723 them short. And supply and demand traders gonna be looking
1724
1725 432
1726 00:27:49,470 ~-~-> 00:27:54,990
1727 for supply zones to go short at traders that use simple
1728
1729 433
1730 00:27:54,990 ~-~-> 00:27:57,270
1731 support resistance levels are going to be looking at, okay,
1732
1733 434
1734 00:27:57,270 ~-~-> 00:28:00,450
1735 well, we bounced here, let's draw that out in time, and it
1736
1737 435
1738 00:28:00,450 ~-~-> 00:28:02,550
1739 might sell off here. And when it starts to go down like
1740
1741 436
1742 00:28:02,550 ~-~-> 00:28:05,970
1743 that, they get really excited, are you thinking like this
1744
1745 437
1746 00:28:06,000 ~-~-> 00:28:08,430
1747 are thinking, well, we have a break in market structure,
1748
1749 438
1750 00:28:08,730 ~-~-> 00:28:12,210
1751 your eye goes here, where their eyes looking for this level
1752
1753 439
1754 00:28:12,210 ~-~-> 00:28:15,720
1755 to be touched again, because its support level, you see the
1756
1757 440
1758 00:28:15,720 ~-~-> 00:28:18,120
1759 paradigm shift that's taking place already in a short little
1760
1761 441
1762 00:28:18,120 ~-~-> 00:28:21,060
1763 video. Now it feels long for some of you. But it's a very
1764
1765 442
1766 00:28:21,060 ~-~-> 00:28:26,370
1767 short window of time that I've framing a mode of logic that
1768
1769 443
1770 00:28:26,370 ~-~-> 00:28:29,760
1771 repeats all the time on all timeframes. But if we're going
1772
1773 444
1774 00:28:29,760 ~-~-> 00:28:32,820
1775 to use it in this context, using and look back of three
1776
1777 445
1778 00:28:32,820 ~-~-> 00:28:35,970
1779 days, then it's framed on a daily chart,
1780
1781 446
1782 00:28:36,029 ~-~-> 00:28:38,699
1783 and it can be reversed. Obviously, if we're looking for runs
1784
1785 447
1786 00:28:38,699 ~-~-> 00:28:42,929
1787 above old daily highs. But look back is three days,
1788
1789 448
1790 00:28:43,439 ~-~-> 00:28:46,889
1791 equilibrium is the high and the low split in the middle. So
1792
1793 449
1794 00:28:46,889 ~-~-> 00:28:49,379
1795 all I did was to get that level and you put a Fibonacci on
1796
1797 450
1798 00:28:49,379 ~-~-> 00:28:52,619
1799 this high to this low and whatever the 50 level is you
1800
1801 451
1802 00:28:52,619 ~-~-> 00:28:57,089
1803 annotate that on your chart. So each day after this day, you
1804
1805 452
1806 00:28:57,149 ~-~-> 00:29:01,619
1807 are looking for this pool of liquidity to be traded to and
1808
1809 453
1810 00:29:01,619 ~-~-> 00:29:04,139
1811 this pool of liquidity to be traded to once it does that
1812
1813 454
1814 00:29:04,529 ~-~-> 00:29:09,959
1815 high probability goes away. It changes. Okay, so the
1816
1817 455
1818 00:29:09,959 ~-~-> 00:29:14,549
1819 algorithm goes into a different mode of delivery. It can
1820
1821 456
1822 00:29:14,549 ~-~-> 00:29:19,229
1823 become a deeper retracement or it could accelerate into that
1824
1825 457
1826 00:29:19,229 ~-~-> 00:29:22,109
1827 high. That's not what I'm going to teach here. I'm not
1828
1829 458
1830 00:29:22,109 ~-~-> 00:29:25,139
1831 teaching that that and I know some of you I already say Say
1832
1833 459
1834 00:29:25,139 ~-~-> 00:29:27,839
1835 Say you're holding back. No, it just requires a whole lot
1836
1837 460
1838 00:29:27,839 ~-~-> 00:29:30,779
1839 more to teach. And I don't have the time for it and you
1840
1841 461
1842 00:29:30,779 ~-~-> 00:29:36,149
1843 wouldn't want to sit through it anyway. Each day, this high,
1844
1845 462
1846 00:29:36,809 ~-~-> 00:29:40,469
1847 you know being broken up this creates the microstructure
1848
1849 463
1850 00:29:40,469 ~-~-> 00:29:44,009
1851 shift by side liquidity here if we draw that out in time
1852
1853 464
1854 00:29:53,339 ~-~-> 00:29:55,049
1855 and we're going to draw this one out in time.
1856
1857 465
1858 00:30:00,659 ~-~-> 00:30:08,459
1859 Okay, and this one here, because it's above the three. And
1860
1861 466
1862 00:30:08,459 ~-~-> 00:30:11,219
1863 it's the last one. So if we continue with that bias, you
1864
1865 467
1866 00:30:11,219 ~-~-> 00:30:14,249
1867 know, we'll see if there's any continuation of that logic
1868
1869 468
1870 00:30:14,249 ~-~-> 00:30:17,609
1871 reaching for that liquidity. Alright, so now we have
1872
1873 469
1874 00:30:17,939 ~-~-> 00:30:21,959
1875 Basilicata here by Sella, Cody here, and by Sally Cody here.
1876
1877 470
1878 00:30:22,439 ~-~-> 00:30:26,909
1879 And we're going to look at the 11th of November. And we're
1880
1881 471
1882 00:30:26,909 ~-~-> 00:30:30,839
1883 gonna look at that on a 15 minute chart. So let's drop down
1884
1885 472
1886 00:30:30,839 ~-~-> 00:30:33,929
1887 to the 15 minute time frame and look at this here and how it
1888
1889 473
1890 00:30:33,929 ~-~-> 00:30:37,469
1891 attacks these blue levels. Alright, so here is the 15 minute
1892
1893 474
1894 00:30:37,469 ~-~-> 00:30:41,039
1895 timeframe of that dollar CAD. And we can see the short
1896
1897 475
1898 00:30:41,039 ~-~-> 00:30:45,359
1899 little lines are always going to be individual daily highs,
1900
1901 476
1902 00:30:45,929 ~-~-> 00:30:49,829
1903 the elongated blue lines are going to be those old liquidity
1904
1905 477
1906 00:30:49,829 ~-~-> 00:30:54,239
1907 pools that we're looking for price to trade up into. So on
1908
1909 478
1910 00:30:54,239 ~-~-> 00:30:58,049
1911 the 11th, we have price trading in here. And again, all I'm
1912
1913 479
1914 00:30:58,049 ~-~-> 00:31:01,829
1915 annotating here is this candles high, which makes that high,
1916
1917 480
1918 00:31:02,009 ~-~-> 00:31:05,969
1919 we don't use the midnight high. When we're looking at all
1920
1921 481
1922 00:31:05,969 ~-~-> 00:31:09,359
1923 this data here. If this midnight candle makes a higher high,
1924
1925 482
1926 00:31:09,539 ~-~-> 00:31:13,049
1927 we don't call the 11th daily high that one because it's
1928
1929 483
1930 00:31:13,049 ~-~-> 00:31:17,429
1931 really technically the 12th. So we're using only the data
1932
1933 484
1934 00:31:18,269 ~-~-> 00:31:22,259
1935 that makes the individual day prior to midnight in New York
1936
1937 485
1938 00:31:22,259 ~-~-> 00:31:25,349
1939 time. So the highest highs and lowest low, that's what we're
1940
1941 486
1942 00:31:25,349 ~-~-> 00:31:28,829
1943 looking for. But soon as we get to midnight, everything
1944
1945 487
1946 00:31:28,829 ~-~-> 00:31:33,659
1947 starts new. That's a new range for the day. So we have
1948
1949 488
1950 00:31:33,689 ~-~-> 00:31:36,779
1951 equilibrium here. So we know the price could jump to that,
1952
1953 489
1954 00:31:36,869 ~-~-> 00:31:41,069
1955 or at least this level here. And this level is the initial
1956
1957 490
1958 00:31:41,069 ~-~-> 00:31:43,829
1959 one because it's below equilibrium. And it's the old
1960
1961 491
1962 00:31:43,829 ~-~-> 00:31:49,379
1963 liquidity pool on day to look at how price trades back down
1964
1965 492
1966 00:31:49,409 ~-~-> 00:31:54,449
1967 in to this run here. Isn't this an optimal trade entry?
1968
1969 493
1970 00:31:54,989 ~-~-> 00:31:59,699
1971 Watch. Here's your swing low. Alright, so here is the
1972
1973 494
1974 00:32:00,059 ~-~-> 00:32:03,359
1975 Fibonacci laid on that price swing, I'm using the bodies of
1976
1977 495
1978 00:32:03,359 ~-~-> 00:32:05,969
1979 the candles, again, not using the wicks and the tails
1980
1981 496
1982 00:32:05,969 ~-~-> 00:32:08,399
1983 because the bulk of the volume is in the bodies. So it's
1984
1985 497
1986 00:32:08,399 ~-~-> 00:32:11,549
1987 going to give you a pure read on where the buy signal is
1988
1989 498
1990 00:32:11,549 ~-~-> 00:32:16,019
1991 going to be. Alright, it doesn't mean that you can't use the
1992
1993 499
1994 00:32:16,049 ~-~-> 00:32:18,419
1995 wicks and tails. It just means when I'm looking for optimal
1996
1997 500
1998 00:32:18,419 ~-~-> 00:32:21,299
1999 trade entry, I prefer to use the bodies of the candles
2000
2001 501
2002 00:32:21,299 ~-~-> 00:32:24,719
2003 because it will give you a pure read on entry. If I'm
2004
2005 502
2006 00:32:24,719 ~-~-> 00:32:28,379
2007 looking at ranges, okay, like what I outlined on the hourly
2008
2009 503
2010 00:32:28,379 ~-~-> 00:32:30,989
2011 chart and showed you where the high was and the low was
2012
2013 504
2014 00:32:30,989 ~-~-> 00:32:34,379
2015 intended to 50%. When I'm looking at finding equilibrium, I
2016
2017 505
2018 00:32:34,379 ~-~-> 00:32:38,249
2019 will use the wicks and tails. Okay, I get a lot of questions
2020
2021 506
2022 00:32:38,369 ~-~-> 00:32:41,579
2023 in by way of email and people get confused. You know, why
2024
2025 507
2026 00:32:41,579 ~-~-> 00:32:44,759
2027 did I say to um, use the wicks and sometimes the bodies,
2028
2029 508
2030 00:32:44,879 ~-~-> 00:32:48,029
2031 he's not consistent, it confuses me, I just answered that
2032
2033 509
2034 00:32:48,029 ~-~-> 00:32:51,419
2035 for you. Okay, the bodies are going to give me the pure
2036
2037 510
2038 00:32:51,419 ~-~-> 00:32:55,859
2039 entry point. The wicks and the tails are used just for
2040
2041 511
2042 00:32:55,859 ~-~-> 00:32:59,069
2043 measurement of ranges. Okay. So if I'm going to look for a
2044
2045 512
2046 00:32:59,069 ~-~-> 00:33:03,209
2047 pattern of entry, I'm using the bodies. If I'm looking for
2048
2049 513
2050 00:33:03,239 ~-~-> 00:33:06,659
2051 equilibrium measurements, then it's always going to be wicks
2052
2053 514
2054 00:33:06,659 ~-~-> 00:33:10,349
2055 and tails. Okay? When it comes to order blocks, that's a
2056
2057 515
2058 00:33:10,349 ~-~-> 00:33:14,069
2059 different theory, which I won't touch on here. But again,
2060
2061 516
2062 00:33:15,689 ~-~-> 00:33:19,139
2063 take what you get. So we have the optimal trade entry in
2064
2065 517
2066 00:33:19,139 ~-~-> 00:33:21,839
2067 here trades down to that, and we have a standard deviation
2068
2069 518
2070 00:33:21,869 ~-~-> 00:33:26,459
2071 of negative one half, and it overlaps basically with that
2072
2073 519
2074 00:33:26,459 ~-~-> 00:33:30,149
2075 old liquidity pool. And then we have trading up to
2076
2077 520
2078 00:33:30,149 ~-~-> 00:33:34,469
2079 equilibrium here at negative one. We have negative two just
2080
2081 521
2082 00:33:34,469 ~-~-> 00:33:38,999
2083 above the old liquidity pool. And we have negative 2.5,
2084
2085 522
2086 00:33:39,029 ~-~-> 00:33:43,499
2087 which is with this new liquidity pool on Thursday, before
2088
2089 523
2090 00:33:43,499 ~-~-> 00:33:48,809
2091 Friday's trading. And the market trades there on Friday. And
2092
2093 524
2094 00:33:48,809 ~-~-> 00:33:52,829
2095 again, we have price trading down initially creating a Judas
2096
2097 525
2098 00:33:52,829 ~-~-> 00:33:56,879
2099 swing, what's the context, we're looking for price to revert
2100
2101 526
2102 00:33:56,879 ~-~-> 00:33:59,999
2103 back to buy side liquidity, because it's already done its
2104
2105 527
2106 00:33:59,999 ~-~-> 00:34:07,679
2107 job. Over here running that old daily low. So each day we're
2108
2109 528
2110 00:34:07,679 ~-~-> 00:34:13,319
2111 looking for clues. If it's going to go to the box on the
2112
2113 529
2114 00:34:13,319 ~-~-> 00:34:15,839
2115 corner each day, it's going to be reaching for a specific
2116
2117 530
2118 00:34:15,869 ~-~-> 00:34:19,319
2119 level of liquidity. It's not guesswork, it's very easily
2120
2121 531
2122 00:34:19,499 ~-~-> 00:34:24,029
2123 discerned what is the previous highs were above that high
2124
2125 532
2126 00:34:24,059 ~-~-> 00:34:26,429
2127 can price reach to then price will start stair stepping
2128
2129 533
2130 00:34:26,429 ~-~-> 00:34:29,639
2131 towards that. It's not respecting trend lines, it's not
2132
2133 534
2134 00:34:29,639 ~-~-> 00:34:33,269
2135 respecting patterns. It's respecting where the liquidity is.
2136
2137 535
2138 00:34:33,659 ~-~-> 00:34:37,259
2139 Okay? The markets going to go where their orders. It has no
2140
2141 536
2142 00:34:37,259 ~-~-> 00:34:41,879
2143 regard or respect for anybody's trading pattern. Okay. The
2144
2145 537
2146 00:34:41,879 ~-~-> 00:34:45,749
2147 markets going to go where there is Counterparty period. And
2148
2149 538
2150 00:34:45,749 ~-~-> 00:34:48,239
2151 if there isn't enough Counterparty there, the market will
2152
2153 539
2154 00:34:48,239 ~-~-> 00:34:51,149
2155 create it, it'll engineer it. It'll run up,
2156
2157 540
2158 00:34:51,330 ~-~-> 00:34:54,840
2159 blow out equal highs. It'll blow out be koulos and it'll
2160
2161 541
2162 00:34:54,840 ~-~-> 00:34:59,010
2163 change sentiment on the basis of that event. Here we have
2164
2165 542
2166 00:34:59,010 ~-~-> 00:35:02,850
2167 the market trading Above the equilibrium trading to an old
2168
2169 543
2170 00:35:02,850 ~-~-> 00:35:08,340
2171 liquidity pool and trades back down. Now, we still have time
2172
2173 544
2174 00:35:08,340 ~-~-> 00:35:11,790
2175 in the week, and it can still continue. But isn't this an
2176
2177 545
2178 00:35:11,790 ~-~-> 00:35:17,850
2179 optimal trade entry as well. And a breaker, we have a low, a
2180
2181 546
2182 00:35:17,850 ~-~-> 00:35:23,190
2183 high, a lower low, use the highest up close candle. And this
2184
2185 547
2186 00:35:23,190 ~-~-> 00:35:31,560
2187 adding this in here just for bonus, no extra charge. We have
2188
2189 548
2190 00:35:31,620 ~-~-> 00:35:34,890
2191 the body right there. So when the market trades down into
2192
2193 549
2194 00:35:34,890 ~-~-> 00:35:39,660
2195 that, that's your bullish breaker and your order block, down
2196
2197 550
2198 00:35:39,660 ~-~-> 00:35:43,230
2199 close candle before this displacement, optimal trade entry,
2200
2201 551
2202 00:35:43,500 ~-~-> 00:35:47,130
2203 we'll add that again and watch it i'm doing i'm putting it
2204
2205 552
2206 00:35:47,130 ~-~-> 00:35:50,940
2207 on the bodies. We get above Thursday's liquidity pool here,
2208
2209 553
2210 00:35:50,970 ~-~-> 00:35:54,240
2211 not by much. But we have a standard deviation of negative
2212
2213 554
2214 00:35:54,240 ~-~-> 00:35:57,270
2215 one, that with these equal highs here or relative equal
2216
2217 555
2218 00:35:57,270 ~-~-> 00:36:00,660
2219 highs, we could potentially see it, try to get up and snag
2220
2221 556
2222 00:36:00,660 ~-~-> 00:36:03,450
2223 that. I'm not saying it will, because we're above
2224
2225 557
2226 00:36:03,450 ~-~-> 00:36:06,660
2227 equilibrium. But that is how I would look at it. Now if this
2228
2229 558
2230 00:36:06,660 ~-~-> 00:36:11,280
2231 was Say, say this was Tuesday, Wednesday, and we were still
2232
2233 559
2234 00:36:11,280 ~-~-> 00:36:14,070
2235 in an active trading week, then I would still be hunting
2236
2237 560
2238 00:36:14,070 ~-~-> 00:36:17,670
2239 Long's and I would look for a standard deviation of negative
2240
2241 561
2242 00:36:17,670 ~-~-> 00:36:20,640
2243 one or negative one and a half. Because it would be
2244
2245 562
2246 00:36:20,640 ~-~-> 00:36:23,880
2247 expanding above the relative equal highs. And I would look
2248
2249 563
2250 00:36:23,880 ~-~-> 00:36:27,360
2251 for it for like 10 2030 pips. And I would look for that type
2252
2253 564
2254 00:36:27,360 ~-~-> 00:36:30,420
2255 of thing to occur and try to attack that 132 big figure.
2256
2257 565
2258 00:36:30,960 ~-~-> 00:36:33,720
2259 That is not analysis. I'm just saying that that's how I
2260
2261 566
2262 00:36:33,720 ~-~-> 00:36:36,300
2263 would use it. If it were, you know, still in an active
2264
2265 567
2266 00:36:36,300 ~-~-> 00:36:40,200
2267 trading week. Now, what am I showcasing here? Am I just
2268
2269 568
2270 00:36:40,200 ~-~-> 00:36:43,290
2271 talking about hindsight and just trying to dazzle you with
2272
2273 569
2274 00:36:43,290 ~-~-> 00:36:46,320
2275 something that's obvious in the charts. Some of you might
2276
2277 570
2278 00:36:46,320 ~-~-> 00:36:49,080
2279 come away from this video with that opinion. And you're free
2280
2281 571
2282 00:36:49,080 ~-~-> 00:36:52,470
2283 to have that. But those individuals that go into the charts
2284
2285 572
2286 00:36:52,500 ~-~-> 00:36:56,190
2287 and start looking at what I'm showing you here is simplest
2288
2289 573
2290 00:36:56,220 ~-~-> 00:37:01,740
2291 short overview of what I just did here, you look for areas
2292
2293 574
2294 00:37:01,740 ~-~-> 00:37:05,940
2295 in the marketplace, with old highs and old lows. And if the
2296
2297 575
2298 00:37:05,940 ~-~-> 00:37:11,520
2299 market trades down below it, wait to see if it wants a break
2300
2301 576
2302 00:37:11,550 ~-~-> 00:37:14,910
2303 the day it trades below it in words, this is the event day.
2304
2305 577
2306 00:37:15,690 ~-~-> 00:37:17,820
2307 If it trades above that, then we could potentially have a
2308
2309 578
2310 00:37:17,820 ~-~-> 00:37:22,290
2311 market structure shift. So we start looking for previous
2312
2313 579
2314 00:37:22,290 ~-~-> 00:37:24,660
2315 day's highs and the liquidity that we resting above it.
2316
2317 580
2318 00:37:26,340 ~-~-> 00:37:29,460
2319 previous day's high with liquidity resting above it, you are
2320
2321 581
2322 00:37:29,460 ~-~-> 00:37:32,400
2323 not looking back three days every time a new day comes back
2324
2325 582
2326 00:37:32,400 ~-~-> 00:37:35,580
2327 and then finding that we're looking at three days back
2328
2329 583
2330 00:37:35,610 ~-~-> 00:37:39,810
2331 counting day one of the purge on liquidity. That is how the
2332
2333 584
2334 00:37:39,810 ~-~-> 00:37:43,020
2335 algorithm reads it. How does it select which day Michael, if
2336
2337 585
2338 00:37:43,020 ~-~-> 00:37:45,420
2339 there's an algorithm how to do it, I'm telling you, this is
2340
2341 586
2342 00:37:45,420 ~-~-> 00:37:48,840
2343 one of the ways that it does it. It looks back three days
2344
2345 587
2346 00:37:48,840 ~-~-> 00:37:50,970
2347 now why three days? You're probably asking, why is it three
2348
2349 588
2350 00:37:50,970 ~-~-> 00:37:57,120
2351 days ICT? Well, there is classically there is a not to show
2352
2353 589
2354 00:37:57,120 ~-~-> 00:38:06,510
2355 it to you like this. If you're looking at a chart, and
2356
2357 590
2358 00:38:26,220 ~-~-> 00:38:32,880
2359 we're looking at an old low. I teach this and this is really
2360
2361 591
2362 00:38:32,880 ~-~-> 00:38:36,960
2363 this is a fundamental truth that if you look at most turning
2364
2365 592
2366 00:38:36,960 ~-~-> 00:38:43,680
2367 points in the marketplace, you see some kind of depiction of
2368
2369 593
2370 00:38:43,710 ~-~-> 00:38:46,110
2371 a turning point like this in price, this would be like a
2372
2373 594
2374 00:38:46,110 ~-~-> 00:38:49,470
2375 swing low. Now if you're using things like with mt four,
2376
2377 595
2378 00:38:49,470 ~-~-> 00:38:53,910
2379 they have a fractal indicator. I don't I'm not I've never
2380
2381 596
2382 00:38:53,910 ~-~-> 00:38:55,710
2383 been a fan of that. And even if you look back at the stuff I
2384
2385 597
2386 00:38:55,710 ~-~-> 00:38:58,950
2387 did, when I stepped down the stage, just to teach on forex
2388
2389 598
2390 00:38:58,950 ~-~-> 00:39:04,260
2391 in 2010. I went against that whole empty for fractal
2392
2393 599
2394 00:39:04,260 ~-~-> 00:39:08,730
2395 indicator because it requires five candles and five candles.
2396
2397 600
2398 00:39:09,480 ~-~-> 00:39:12,960
2399 Good grief, the moves already done. We're anticipating the
2400
2401 601
2402 00:39:12,960 ~-~-> 00:39:15,960
2403 lowest candle to go into something like this generally,
2404
2405 602
2406 00:39:16,200 ~-~-> 00:39:18,990
2407 that's how I take as I teach it, there's something down
2408
2409 603
2410 00:39:19,050 ~-~-> 00:39:22,530
2411 there we're anticipating the next candle if it has a higher
2412
2413 604
2414 00:39:22,530 ~-~-> 00:39:26,760
2415 low right away, that's the turning point for me. So we look
2416
2417 605
2418 00:39:26,760 ~-~-> 00:39:31,890
2419 back three days because this event like it does hear when it
2420
2421 606
2422 00:39:31,890 ~-~-> 00:39:33,840
2423 runs below the old daily low that's indicated by this line
2424
2425 607
2426 00:39:33,840 ~-~-> 00:39:38,490
2427 here. When that occurs, it might not just be a one day
2428
2429 608
2430 00:39:38,490 ~-~-> 00:39:41,490
2431 event, it might be a two day event where it goes even
2432
2433 609
2434 00:39:41,490 ~-~-> 00:39:45,720
2435 deeper. So when it creates that, we count that as day one,
2436
2437 610
2438 00:39:45,810 ~-~-> 00:39:49,530
2439 two, and three, and we identify that liquidity on those
2440
2441 611
2442 00:39:49,530 ~-~-> 00:39:56,550
2443 days. If it goes lower, I'm still going to refer back to the
2444
2445 612
2446 00:39:56,550 ~-~-> 00:39:59,640
2447 original day three. It just gives us one more day of
2448
2449 613
2450 00:39:59,640 ~-~-> 00:40:03,930
2451 potential liquidity, it may reach four. But it's a three day
2452
2453 614
2454 00:40:03,990 ~-~-> 00:40:06,210
2455 on the basis that it creates turning points. And just like
2456
2457 615
2458 00:40:07,110 ~-~-> 00:40:09,720
2459 everything else I teach, if you just reverse it and put this
2460
2461 616
2462 00:40:09,720 ~-~-> 00:40:14,040
2463 here, the swing highs form, generally like this, we have a
2464
2465 617
2466 00:40:14,040 ~-~-> 00:40:18,300
2467 high, a higher high and a candle, it has a lower high. Now
2468
2469 618
2470 00:40:18,330 ~-~-> 00:40:20,940
2471 this candle is high might be lower than this candle is high,
2472
2473 619
2474 00:40:20,970 ~-~-> 00:40:26,580
2475 or it could be higher. The real point is that there's a
2476
2477 620
2478 00:40:26,580 ~-~-> 00:40:29,370
2479 candle that has a lower high to the left, a lower high to
2480
2481 621
2482 00:40:29,370 ~-~-> 00:40:33,960
2483 the right. And that's usually a classic swing high. Swing
2484
2485 622
2486 00:40:33,960 ~-~-> 00:40:38,250
2487 low, again, has a higher low to the left, a higher low to
2488
2489 623
2490 00:40:38,250 ~-~-> 00:40:42,270
2491 the right. And this could be a higher low than this candle,
2492
2493 624
2494 00:40:42,300 ~-~-> 00:40:47,640
2495 or it could be lower, it doesn't that's not what we're
2496
2497 625
2498 00:40:47,790 ~-~-> 00:40:51,420
2499 really pressing here. There is logic behind what I'm showing
2500
2501 626
2502 00:40:51,420 ~-~-> 00:40:55,110
2503 you here, you can use other things for that, which is a
2504
2505 627
2506 00:40:55,140 ~-~-> 00:40:58,590
2507 completely different lesson. But for just a classification
2508
2509 628
2510 00:40:58,590 ~-~-> 00:41:02,070
2511 with swing high swing low for turning point basis. This is
2512
2513 629
2514 00:41:02,070 ~-~-> 00:41:05,490
2515 what it graphically looks like. Most times it doesn't always
2516
2517 630
2518 00:41:05,880 ~-~-> 00:41:09,180
2519 appear like that. But on most cases, it does look like that.
2520
2521 631
2522 00:41:09,180 ~-~-> 00:41:11,910
2523 And that's the reason why the logic is three days because
2524
2525 632
2526 00:41:12,840 ~-~-> 00:41:15,090
2527 the turning points generally form with that type of
2528
2529 633
2530 00:41:15,090 ~-~-> 00:41:21,300
2531 structure. Alright. So your job your homework, going forward
2532
2533 634
2534 00:41:21,300 ~-~-> 00:41:24,990
2535 using this information is to see how the market reaches for
2536
2537 635
2538 00:41:24,990 ~-~-> 00:41:26,940
2539 liquidity. I get a lot of questions all the time, how do you
2540
2541 636
2542 00:41:26,940 ~-~-> 00:41:29,610
2543 know what side of the market to trade on? Because if I could
2544
2545 637
2546 00:41:29,610 ~-~-> 00:41:33,420
2547 do that ICT if you could just teach me how to learn to be a
2548
2549 638
2550 00:41:33,420 ~-~-> 00:41:36,330
2551 buyer or seller? Is it gonna be an update or a down day? I
2552
2553 639
2554 00:41:36,330 ~-~-> 00:41:39,030
2555 will be profitable. And I'm going to tell you, you're not
2556
2557 640
2558 00:41:39,030 ~-~-> 00:41:41,790
2559 correct in thinking that. Because there's other things is
2560
2561 641
2562 00:41:41,790 ~-~-> 00:41:43,890
2563 going to get in the way. When you think you've scratched
2564
2565 642
2566 00:41:43,890 ~-~-> 00:41:46,440
2567 that itch, then you'll have 20 more that says, Well ICT
2568
2569 643
2570 00:41:46,440 ~-~-> 00:41:48,450
2571 talks about the candles and the wicks and then your argue
2572
2573 644
2574 00:41:48,450 ~-~-> 00:41:52,200
2575 about that. When what I just gave you here, did I bring in
2576
2577 645
2578 00:41:52,200 ~-~-> 00:41:55,710
2579 Commitment of Traders reports? No. Did I bring in the
2580
2581 646
2582 00:41:55,710 ~-~-> 00:41:59,310
2583 traders Trinity, which I don't even look at anymore? No. Did
2584
2585 647
2586 00:41:59,310 ~-~-> 00:42:03,930
2587 I talk about pivot points? No mitigation blocks? noop? Did I
2588
2589 648
2590 00:42:03,930 ~-~-> 00:42:09,870
2591 teach catapult whiplash? Nope. There's lots of different
2592
2593 649
2594 00:42:09,870 ~-~-> 00:42:12,360
2595 patterns. And there's lots of different ways that you can
2596
2597 650
2598 00:42:12,360 ~-~-> 00:42:15,450
2599 take small little samplings of the things I teach with the
2600
2601 651
2602 00:42:15,450 ~-~-> 00:42:18,630
2603 proper context and narrative. And it becomes a complete
2604
2605 652
2606 00:42:18,630 ~-~-> 00:42:22,620
2607 model, you need to look at all of these days here with the
2608
2609 653
2610 00:42:22,620 ~-~-> 00:42:25,290
2611 times of day that I teach, which is the London open kill
2612
2613 654
2614 00:42:25,290 ~-~-> 00:42:27,510
2615 zone, the New York open kill zone, the London close kill
2616
2617 655
2618 00:42:27,510 ~-~-> 00:42:31,200
2619 zone. And look how these patterns form. There's optimal
2620
2621 656
2622 00:42:31,200 ~-~-> 00:42:34,890
2623 trade entries in these days based on the logic that it's
2624
2625 657
2626 00:42:34,890 ~-~-> 00:42:38,010
2627 going to reach for the liquidity above here. And here,
2628
2629 658
2630 00:42:39,060 ~-~-> 00:42:39,630
2631 period.
2632
2633 659
2634 00:42:40,950 ~-~-> 00:42:44,850
2635 It's structured, it's not contrived. It's not foreign
2636
2637 660
2638 00:42:44,850 ~-~-> 00:42:47,610
2639 fitted, because if you go back and look at every other event
2640
2641 661
2642 00:42:47,610 ~-~-> 00:42:50,340
2643 and retry, here's everything, reverse it and look at how the
2644
2645 662
2646 00:42:50,340 ~-~-> 00:42:54,630
2647 market does when it trades above old highs. But here's the
2648
2649 663
2650 00:42:54,630 ~-~-> 00:42:58,800
2651 thing, you're going to if you are going into this to find
2652
2653 664
2654 00:42:58,920 ~-~-> 00:43:02,250
2655 times where it fails. Okay, if that's what you're trying to
2656
2657 665
2658 00:43:02,250 ~-~-> 00:43:06,060
2659 do right away, you're going to miss the lessons that it's
2660
2661 666
2662 00:43:06,060 ~-~-> 00:43:09,930
2663 going to show you by doing it with the investigative
2664
2665 667
2666 00:43:09,930 ~-~-> 00:43:13,770
2667 approach. In other words, does it show this logic because in
2668
2669 668
2670 00:43:13,770 ~-~-> 00:43:17,040
2671 future lessons, I'll touch on this again, and it'll be on my
2672
2673 669
2674 00:43:17,040 ~-~-> 00:43:21,660
2675 YouTube channel. But you need to first see this, okay,
2676
2677 670
2678 00:43:21,660 ~-~-> 00:43:24,840
2679 anything I mean, I can look at my order block theory, and go
2680
2681 671
2682 00:43:24,840 ~-~-> 00:43:28,350
2683 in and find 50 examples where it would be viewed as failing,
2684
2685 672
2686 00:43:28,380 ~-~-> 00:43:30,960
2687 if you just look at it from the perspective that YouTube
2688
2689 673
2690 00:43:30,960 ~-~-> 00:43:33,690
2691 people put up videos and they think they understand my order
2692
2693 674
2694 00:43:33,690 ~-~-> 00:43:37,380
2695 block theory, no, it's not complete. My mentorship is not
2696
2697 675
2698 00:43:37,380 ~-~-> 00:43:42,720
2699 exhausted that you can always torture the data. And if you
2700
2701 676
2702 00:43:42,720 ~-~-> 00:43:45,930
2703 manipulate, you know, hard and fast and long, long enough,
2704
2705 677
2706 00:43:45,960 ~-~-> 00:43:51,240
2707 it will confess to anything. But there has to be a logic in
2708
2709 678
2710 00:43:51,240 ~-~-> 00:43:54,900
2711 play. So let's go back in closing, take everything off and
2712
2713 679
2714 00:43:54,900 ~-~-> 00:43:57,900
2715 go to a daily chart, the market is consolidated for a long
2716
2717 680
2718 00:43:57,900 ~-~-> 00:44:01,620
2719 period of time in here. And we have this old low, when the
2720
2721 681
2722 00:44:01,620 ~-~-> 00:44:05,910
2723 market drives down below that I don't care if it's going to
2724
2725 682
2726 00:44:05,910 ~-~-> 00:44:08,460
2727 go up a little bit and then continue going lower, because
2728
2729 683
2730 00:44:08,460 ~-~-> 00:44:11,670
2731 that's not a model I'm trying to frame here I'm not teaching
2732
2733 684
2734 00:44:11,670 ~-~-> 00:44:14,610
2735 you long term trading, I'm teaching you a short term way of
2736
2737 685
2738 00:44:14,610 ~-~-> 00:44:17,730
2739 determining where the next draw on liquidity is going to be,
2740
2741 686
2742 00:44:18,210 ~-~-> 00:44:20,820
2743 is it going to be aiming for the buy side or the sell side?
2744
2745 687
2746 00:44:21,120 ~-~-> 00:44:25,620
2747 Now there are other ways to discern whether buy side is
2748
2749 688
2750 00:44:25,620 ~-~-> 00:44:28,350
2751 going to be attacked or sell side liquidity to me attacked
2752
2753 689
2754 00:44:29,430 ~-~-> 00:44:34,230
2755 in that might be your model. But they all want to lean on
2756
2757 690
2758 00:44:34,260 ~-~-> 00:44:37,500
2759 general principles that are generic. And that means when we
2760
2761 691
2762 00:44:37,500 ~-~-> 00:44:40,290
2763 have a period like this and consolidation, this old low if
2764
2765 692
2766 00:44:40,290 ~-~-> 00:44:44,280
2767 it runs below that, even if it will go lower, and I'm not
2768
2769 693
2770 00:44:44,280 ~-~-> 00:44:47,220
2771 saying it will or won't here I'm just saying if it does or
2772
2773 694
2774 00:44:47,220 ~-~-> 00:44:51,180
2775 if it will or if it's more inclined to do so. All we're
2776
2777 695
2778 00:44:51,180 ~-~-> 00:44:55,110
2779 doing is looking at short term liquidity to frame short term
2780
2781 696
2782 00:44:55,110 ~-~-> 00:44:59,460
2783 intraday trades. That's all I'm posing that as a study on
2784
2785 697
2786 00:44:59,460 ~-~-> 00:45:04,260
2787 liquidity here. So I framed it on the basis of higher
2788
2789 698
2790 00:45:04,260 ~-~-> 00:45:08,400
2791 timeframe liquidity pools, which is sellside. Here, short
2792
2793 699
2794 00:45:08,400 ~-~-> 00:45:11,640
2795 term trading logic algorithmic principles, understanding the
2796
2797 700
2798 00:45:11,640 ~-~-> 00:45:15,300
2799 open float, where the markets going to attack a specific
2800
2801 701
2802 00:45:15,300 ~-~-> 00:45:18,240
2803 side of the marketplace until it gets to a specific
2804
2805 702
2806 00:45:18,240 ~-~-> 00:45:21,930
2807 threshold, and then it becomes low probability. Now,
2808
2809 703
2810 00:45:22,110 ~-~-> 00:45:25,470
2811 obviously, if it trades higher and goes more higher than
2812
2813 704
2814 00:45:25,530 ~-~-> 00:45:29,880
2815 I've outlined on that lower timeframe, then that's a model
2816
2817 705
2818 00:45:29,880 ~-~-> 00:45:33,030
2819 outside the scope of what I'm showing you here, it does not
2820
2821 706
2822 00:45:33,030 ~-~-> 00:45:36,060
2823 reduce its effectiveness here, it does not mean that this is
2824
2825 707
2826 00:45:36,060 ~-~-> 00:45:40,140
2827 any less of a model. And that longer term or intermediate
2828
2829 708
2830 00:45:40,140 ~-~-> 00:45:44,610
2831 term trading is better. It just means, which would resonate
2832
2833 709
2834 00:45:44,610 ~-~-> 00:45:47,790
2835 more with you as the individual because I'm talking in a way
2836
2837 710
2838 00:45:47,790 ~-~-> 00:45:51,210
2839 that it allows the flexibility of the reader and viewer of
2840
2841 711
2842 00:45:51,210 ~-~-> 00:45:54,960
2843 my videos to see if it resonates with them. If it doesn't,
2844
2845 712
2846 00:45:55,200 ~-~-> 00:45:58,530
2847 I'm not offended. No mentor should be offended, because the
2848
2849 713
2850 00:45:58,530 ~-~-> 00:46:02,130
2851 mentor should know that everything isn't always going to
2852
2853 714
2854 00:46:02,130 ~-~-> 00:46:05,580
2855 fall in the expectations and alignment with everybody's
2856
2857 715
2858 00:46:05,580 ~-~-> 00:46:09,210
2859 psychological makeup, you aren't always going to agree with
2860
2861 716
2862 00:46:09,210 ~-~-> 00:46:12,810
2863 everything I say. And the weak minded individuals that come
2864
2865 717
2866 00:46:12,810 ~-~-> 00:46:16,380
2867 here, and they they are met with something that is against
2868
2869 718
2870 00:46:16,440 ~-~-> 00:46:19,740
2871 the grain of what they believe in, they just quickly dismiss
2872
2873 719
2874 00:46:19,740 ~-~-> 00:46:23,640
2875 the entire channel. And they really dismiss the likelihood
2876
2877 720
2878 00:46:23,640 ~-~-> 00:46:26,790
2879 potentially picking up on some really amazing things for
2880
2881 721
2882 00:46:26,790 ~-~-> 00:46:30,750
2883 free. That may make them a stronger trader, the ones that
2884
2885 722
2886 00:46:30,750 ~-~-> 00:46:33,360
2887 come here, and they say, okay, that doesn't really resonate
2888
2889 723
2890 00:46:33,360 ~-~-> 00:46:37,080
2891 with me, but they go into a journal and say, Alright, I see
2892
2893 724
2894 00:46:37,080 ~-~-> 00:46:39,420
2895 t mentioned this, this, this, and here's my concerns about
2896
2897 725
2898 00:46:39,420 ~-~-> 00:46:43,710
2899 that, and why I don't feel any gravitation towards that at
2900
2901 726
2902 00:46:43,710 ~-~-> 00:46:45,630
2903 the moment. So
2904
2905 727
2906 00:46:45,870 ~-~-> 00:46:48,960
2907 it's not killing the idea, it just means that you have
2908
2909 728
2910 00:46:48,990 ~-~-> 00:46:52,290
2911 observed something, you've recorded your observation, and
2912
2913 729
2914 00:46:52,290 ~-~-> 00:46:55,050
2915 you kept an open mind about it. Because something else in
2916
2917 730
2918 00:46:55,050 ~-~-> 00:46:57,660
2919 the future that you may come in contact with with this
2920
2921 731
2922 00:46:57,660 ~-~-> 00:47:00,540
2923 video. Or maybe you're joining the mentorship, maybe you're
2924
2925 732
2926 00:47:00,540 ~-~-> 00:47:03,510
2927 not I don't care. But you'll come in contact with another
2928
2929 733
2930 00:47:03,510 ~-~-> 00:47:07,530
2931 lesson that it will say, Oh, that makes sense. Because I
2932
2933 734
2934 00:47:07,530 ~-~-> 00:47:10,170
2935 remember him talking about this other concept or this
2936
2937 735
2938 00:47:10,170 ~-~-> 00:47:12,990
2939 principle and how the markets deliver price. And then it
2940
2941 736
2942 00:47:12,990 ~-~-> 00:47:15,990
2943 becomes a complete understanding about something that you
2944
2945 737
2946 00:47:16,020 ~-~-> 00:47:20,520
2947 immediately dismissed initially. So always have an open
2948
2949 738
2950 00:47:20,520 ~-~-> 00:47:24,720
2951 mind, don't be, you know, close minded to the idea of
2952
2953 739
2954 00:47:24,720 ~-~-> 00:47:27,420
2955 learning something that may be uncomfortable at first, or it
2956
2957 740
2958 00:47:27,420 ~-~-> 00:47:30,900
2959 may feel too dry, like this lesson could be viewed as this
2960
2961 741
2962 00:47:30,900 ~-~-> 00:47:33,480
2963 is really boring. You know, you could have said this and
2964
2965 742
2966 00:47:33,480 ~-~-> 00:47:36,750
2967 five minutes. Yeah, I could have said if liquidity is taken
2968
2969 743
2970 00:47:36,750 ~-~-> 00:47:39,630
2971 below the old low, look back three days and see if it goes
2972
2973 744
2974 00:47:39,630 ~-~-> 00:47:42,270
2975 to the Buy, Sell liquidity. But that does not frame all the
2976
2977 745
2978 00:47:42,270 ~-~-> 00:47:46,170
2979 necessary logic that I gave you in this video. Okay, try to
2980
2981 746
2982 00:47:46,230 ~-~-> 00:47:48,960
2983 try to reduce it down to what you think it should be said.
2984
2985 747
2986 00:47:49,350 ~-~-> 00:47:52,560
2987 And then also lean on the things that I've also outlined in
2988
2989 748
2990 00:47:52,560 ~-~-> 00:47:56,400
2991 here that were important in terms of thresholds, what logic
2992
2993 749
2994 00:47:56,430 ~-~-> 00:48:00,750
2995 needs to take place, and understand also, that you may have
2996
2997 750
2998 00:48:00,750 ~-~-> 00:48:04,500
2999 been able to watch other videos, and you're more versed in
3000
3001 751
3002 00:48:04,530 ~-~-> 00:48:07,200
3003 the things that I've talked about in old videos. And that's
3004
3005 752
3006 00:48:07,200 ~-~-> 00:48:12,240
3007 usually what happens. People come they watch the videos. And
3008
3009 753
3010 00:48:12,240 ~-~-> 00:48:14,490
3011 they are highly opinion because they want to get to the next
3012
3013 754
3014 00:48:14,490 ~-~-> 00:48:18,930
3015 new stuff. But there are always new people coming in. And if
3016
3017 755
3018 00:48:18,930 ~-~-> 00:48:22,890
3019 I talk about something, I get waves of emails, if they're
3020
3021 756
3022 00:48:22,890 ~-~-> 00:48:26,400
3023 new. So I always like to try to sprinkle this within my
3024
3025 757
3026 00:48:26,400 ~-~-> 00:48:28,500
3027 videos that say, look, you know, you're not going to learn
3028
3029 758
3030 00:48:28,500 ~-~-> 00:48:30,780
3031 this in one video. And I can't encapsulate everything in one
3032
3033 759
3034 00:48:30,780 ~-~-> 00:48:33,870
3035 video because there's a lot of other subject matter that
3036
3037 760
3038 00:48:33,960 ~-~-> 00:48:37,590
3039 these things lean on. But I tried to reduce it to something
3040
3041 761
3042 00:48:37,590 ~-~-> 00:48:42,390
3043 that is scalable, you can see it and understand it logic,
3044
3045 762
3046 00:48:42,390 ~-~-> 00:48:44,430
3047 the things that the only moving parts is what I showed you
3048
3049 763
3050 00:48:44,430 ~-~-> 00:48:47,730
3051 here. Like I said that I didn't require all the other things
3052
3053 764
3054 00:48:47,730 ~-~-> 00:48:51,450
3055 that I know, and that you learned from me. You don't need
3056
3057 765
3058 00:48:51,450 ~-~-> 00:48:55,350
3059 all those things. And if you have a price action model is
3060
3061 766
3062 00:48:55,380 ~-~-> 00:48:58,200
3063 the the best price action models are the ones that can be
3064
3065 767
3066 00:48:58,200 ~-~-> 00:49:01,830
3067 reduced to the back of a business card. Okay, I actually did
3068
3069 768
3070 00:49:01,830 ~-~-> 00:49:06,510
3071 this on baby pips, when I was active on their forum. I did
3072
3073 769
3074 00:49:06,510 ~-~-> 00:49:09,720
3075 an article, and it was here's my business card. And I
3076
3077 770
3078 00:49:09,720 ~-~-> 00:49:14,130
3079 basically said, you know, you may have a lot of
3080
3081 771
3082 00:49:14,280 ~-~-> 00:49:17,550
3083 understanding about price. And I believe I do, and I believe
3084
3085 772
3086 00:49:17,550 ~-~-> 00:49:22,440
3087 my students do. But those that are profitable, can reduce
3088
3089 773
3090 00:49:22,440 ~-~-> 00:49:26,010
3091 the idea that they would use to frame a setup, from
3092
3093 774
3094 00:49:26,010 ~-~-> 00:49:29,490
3095 beginning to end with money management and everything. It
3096
3097 775
3098 00:49:29,490 ~-~-> 00:49:31,800
3099 can be reduced and written out on the back of a business
3100
3101 776
3102 00:49:31,800 ~-~-> 00:49:35,640
3103 card. Now my question to you is, do you have it in your mind
3104
3105 777
3106 00:49:35,640 ~-~-> 00:49:39,420
3107 that learning here is going to require you more information
3108
3109 778
3110 00:49:39,420 ~-~-> 00:49:42,060
3111 that you cannot fit on the back of a business card? Because
3112
3113 779
3114 00:49:42,060 ~-~-> 00:49:44,520
3115 if that's what your expectation is, if that's what you're
3116
3117 780
3118 00:49:44,520 ~-~-> 00:49:48,450
3119 afraid of, by you delving into this YouTube channel or even
3120
3121 781
3122 00:49:48,450 ~-~-> 00:49:52,980
3123 my mentorship, don't let that be a thing that is a problem.
3124
3125 782
3126 00:49:53,070 ~-~-> 00:49:56,850
3127 It's not it's, that's a normal fear and concern, because
3128
3129 783
3130 00:49:56,850 ~-~-> 00:50:01,440
3131 there's a lot of information but think of it like this If
3132
3133 784
3134 00:50:01,440 ~-~-> 00:50:04,320
3135 you're going to be a doctor, you have to learn a lot about
3136
3137 785
3138 00:50:04,320 ~-~-> 00:50:08,670
3139 things in the body that may not be your specialty. When you
3140
3141 786
3142 00:50:08,670 ~-~-> 00:50:12,360
3143 start practicing medicine, you may be a foot doctor or hand
3144
3145 787
3146 00:50:12,360 ~-~-> 00:50:15,600
3147 doctor, but you had to learn about the skeletal system. on
3148
3149 788
3150 00:50:15,600 ~-~-> 00:50:18,780
3151 the, on the cranium, near the clavicle, you had to
3152
3153 789
3154 00:50:18,780 ~-~-> 00:50:22,860
3155 understand you, the patella, the kneecap, all these things,
3156
3157 790
3158 00:50:23,130 ~-~-> 00:50:27,540
3159 they're not specific to the foot in the sense that
3160
3161 791
3162 00:50:28,770 ~-~-> 00:50:31,650
3163 anatomically, that's the area that you're studying. But
3164
3165 792
3166 00:50:31,680 ~-~-> 00:50:37,380
3167 something that is occurring in the knee, maybe a real reason
3168
3169 793
3170 00:50:37,380 ~-~-> 00:50:40,770
3171 or root cause of the problem you're having in your foot. So
3172
3173 794
3174 00:50:40,980 ~-~-> 00:50:45,570
3175 when I teach, I teach an all encompassing approach, because
3176
3177 795
3178 00:50:45,570 ~-~-> 00:50:49,650
3179 I don't want any weaknesses at all. So I don't want anyone
3180
3181 796
3182 00:50:49,650 ~-~-> 00:50:53,760
3183 to think that coming here with all the information is
3184
3185 797
3186 00:50:53,760 ~-~-> 00:50:55,890
3187 available to you, that you're gonna drown in the information
3188
3189 798
3190 00:50:55,890 ~-~-> 00:51:00,900
3191 and come out with nothing. Because you we could sit down
3192
3193 799
3194 00:51:00,900 ~-~-> 00:51:06,660
3195 here every single week and put one principle in the back of
3196
3197 800
3198 00:51:06,660 ~-~-> 00:51:09,510
3199 a business card and say here is a trading model. And this is
3200
3201 801
3202 00:51:09,510 ~-~-> 00:51:12,330
3203 all you need to do. Don't do anything outside of this, you
3204
3205 802
3206 00:51:12,330 ~-~-> 00:51:14,850
3207 won't get a trade every day. And that's also a problem,
3208
3209 803
3210 00:51:15,090 ~-~-> 00:51:17,220
3211 you're gonna have people that want to have a trade every
3212
3213 804
3214 00:51:17,220 ~-~-> 00:51:21,150
3215 single day. And if that's the case, then you're a scalper at
3216
3217 805
3218 00:51:21,150 ~-~-> 00:51:24,990
3219 heart. You want to be a scalper, okay, then focus on trading
3220
3221 806
3222 00:51:25,020 ~-~-> 00:51:29,580
3223 time of day. With the logic I showed you here, principles
3224
3225 807
3226 00:51:29,580 ~-~-> 00:51:32,700
3227 like this, where you need to know how the market is going to
3228
3229 808
3230 00:51:32,700 ~-~-> 00:51:36,720
3231 draw on the buy side or sell side. And that gives you your
3232
3233 809
3234 00:51:36,720 ~-~-> 00:51:40,200
3235 internal intraday bias,
3236
3237 810
3238 00:51:40,410 ~-~-> 00:51:43,170
3239 should you be buying or selling, you don't care how the
3240
3241 811
3242 00:51:43,170 ~-~-> 00:51:45,480
3243 week's gonna close, you don't care what the trend is going
3244
3245 812
3246 00:51:45,480 ~-~-> 00:51:47,760
3247 to be over the next four days or the next three days, what's
3248
3249 813
3250 00:51:47,760 ~-~-> 00:51:50,730
3251 the daily range is going to expand in direction higher or
3252
3253 814
3254 00:51:50,730 ~-~-> 00:51:54,120
3255 lower? That's all scalper cares about. And you can make
3256
3257 815
3258 00:51:54,120 ~-~-> 00:51:57,330
3259 money doing that. You don't you can make money doing that
3260
3261 816
3262 00:51:57,330 ~-~-> 00:52:00,450
3263 that would be opposed to the long term downtrend or uptrend
3264
3265 817
3266 00:52:00,450 ~-~-> 00:52:03,240
3267 on a daily chart and weekly chart monthly chart. Because
3268
3269 818
3270 00:52:03,240 ~-~-> 00:52:07,530
3271 it's scalping. So when you have these questions or concerns
3272
3273 819
3274 00:52:07,530 ~-~-> 00:52:10,230
3275 or if you read other people's opinions, or watch their
3276
3277 820
3278 00:52:10,230 ~-~-> 00:52:13,740
3279 review via videos and such, they are entitled to their
3280
3281 821
3282 00:52:13,740 ~-~-> 00:52:17,910
3283 opinion, they all have their own view on me and other people
3284
3285 822
3286 00:52:17,910 ~-~-> 00:52:20,940
3287 and that's fine. They're Welcome to it but it doesn't change
3288
3289 823
3290 00:52:20,940 ~-~-> 00:52:23,730
3291 or reduce the effectiveness of the things that I teach or
3292
3293 824
3294 00:52:23,730 ~-~-> 00:52:27,780
3295 that you learn here. Okay, so you have to be balanced about
3296
3297 825
3298 00:52:27,780 ~-~-> 00:52:30,990
3299 it, and go into it with a proper mindset. And I've given you
3300
3301 826
3302 00:52:30,990 ~-~-> 00:52:33,570
3303 a structure here to go in and start studying and you'll see
3304
3305 827
3306 00:52:33,570 ~-~-> 00:52:36,420
3307 that these things repeat and as far as intraday, scalping.
3308
3309 828
3310 00:52:37,530 ~-~-> 00:52:40,590
3311 intraday, short term trading. This is one of those little
3312
3313 829
3314 00:52:40,590 ~-~-> 00:52:43,710
3315 dandies that repeat a lot but you have to have the context
3316
3317 830
3318 00:52:44,250 ~-~-> 00:52:46,800
3319 of where the market runs out liquidity on a higher timeframe
3320
3321 831
3322 00:52:46,800 ~-~-> 00:52:49,410
3323 chart. So thanks so much good luck and good trading.