Wiki source code of ICT Market Maker Primer Course - 17 - The ICT ATM Method.srt
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|---|---|---|---|
| 1 | 1 | ||
| 2 | 00:00:11,580 ~-~-> 00:00:13,920 | ||
| 3 | ICT: folks welcome back in this teaching terming | ||
| 4 | |||
| 5 | 2 | ||
| 6 | 00:00:13,920 ~-~-> 00:00:16,770 | ||
| 7 | specifically dealing with the ICT ATM method | ||
| 8 | |||
| 9 | 3 | ||
| 10 | 00:00:23,820 ~-~-> 00:00:28,230 | ||
| 11 | okay points of focus in this module we introducing the ICT | ||
| 12 | |||
| 13 | 4 | ||
| 14 | 00:00:28,230 ~-~-> 00:00:34,020 | ||
| 15 | ATM method the ATM and bares conditions with targets and | ||
| 16 | |||
| 17 | 5 | ||
| 18 | 00:00:34,020 ~-~-> 00:00:39,180 | ||
| 19 | stop placement the ATM in bullish conditions, the targets | ||
| 20 | |||
| 21 | 6 | ||
| 22 | 00:00:39,180 ~-~-> 00:00:40,050 | ||
| 23 | and stop placement. | ||
| 24 | |||
| 25 | 7 | ||
| 26 | 00:00:42,240 ~-~-> 00:00:44,310 | ||
| 27 | Okay introducing the ICT ATM method. | ||
| 28 | |||
| 29 | 8 | ||
| 30 | 00:00:47,040 ~-~-> 00:00:52,890 | ||
| 31 | Alright, it's a standalone price action pattern. The pattern | ||
| 32 | |||
| 33 | 9 | ||
| 34 | 00:00:52,890 ~-~-> 00:00:59,250 | ||
| 35 | capitalizes on stop runs to find this pattern on the 60 | ||
| 36 | |||
| 37 | 10 | ||
| 38 | 00:00:59,250 ~-~-> 00:01:05,010 | ||
| 39 | minute chart It's relatively easy to spot and you can do it | ||
| 40 | |||
| 41 | 11 | ||
| 42 | 00:01:05,010 ~-~-> 00:01:10,500 | ||
| 43 | quickly and finding it. Because it's pretty much a well, | ||
| 44 | |||
| 45 | 12 | ||
| 46 | 00:01:10,530 ~-~-> 00:01:12,810 | ||
| 47 | it's a rejection level. Okay, and I'll show you what that | ||
| 48 | |||
| 49 | 13 | ||
| 50 | 00:01:12,810 ~-~-> 00:01:17,070 | ||
| 51 | looks like. It's pretty easy to trade. And the wonderful | ||
| 52 | |||
| 53 | 14 | ||
| 54 | 00:01:17,070 ~-~-> 00:01:23,370 | ||
| 55 | thing is it's a complete trading model for setups. Guess | ||
| 56 | |||
| 57 | 15 | ||
| 58 | 00:01:23,370 ~-~-> 00:01:28,920 | ||
| 59 | we're gonna look at the ATM in bearish conditions. Now once | ||
| 60 | |||
| 61 | 16 | ||
| 62 | 00:01:28,920 ~-~-> 00:01:31,560 | ||
| 63 | you take a look at this diagram on the right hand side, okay | ||
| 64 | |||
| 65 | 17 | ||
| 66 | 00:01:31,560 ~-~-> 00:01:35,820 | ||
| 67 | and let the image burn in for a couple of minutes. And as | ||
| 68 | |||
| 69 | 18 | ||
| 70 | 00:01:35,820 ~-~-> 00:01:38,130 | ||
| 71 | I'm talking to you just kind of like study what it's | ||
| 72 | |||
| 73 | 19 | ||
| 74 | 00:01:38,580 ~-~-> 00:01:45,300 | ||
| 75 | depicting. And I want you to think about how when we start | ||
| 76 | |||
| 77 | 20 | ||
| 78 | 00:01:45,300 ~-~-> 00:01:48,510 | ||
| 79 | as traders generally the idea of support resistance is | ||
| 80 | |||
| 81 | 21 | ||
| 82 | 00:01:49,860 ~-~-> 00:01:55,530 | ||
| 83 | rather early in our introduction to technical analysis. And | ||
| 84 | |||
| 85 | 22 | ||
| 86 | 00:01:55,530 ~-~-> 00:01:58,980 | ||
| 87 | the problem I found when I first started as a trader is what | ||
| 88 | |||
| 89 | 23 | ||
| 90 | 00:01:59,160 ~-~-> 00:02:02,790 | ||
| 91 | support resistance levels do I use this? I mean, there's so | ||
| 92 | |||
| 93 | 24 | ||
| 94 | 00:02:02,790 ~-~-> 00:02:05,550 | ||
| 95 | many you could possibly have in your chart, which ones | ||
| 96 | |||
| 97 | 25 | ||
| 98 | 00:02:05,550 ~-~-> 00:02:09,510 | ||
| 99 | should I be focusing on? So, my work has been trying to | ||
| 100 | |||
| 101 | 26 | ||
| 102 | 00:02:09,510 ~-~-> 00:02:11,850 | ||
| 103 | simplifying that so that way I could teach it to my | ||
| 104 | |||
| 105 | 27 | ||
| 106 | 00:02:11,880 ~-~-> 00:02:17,100 | ||
| 107 | children. Because of this, I've been able to make pretty | ||
| 108 | |||
| 109 | 28 | ||
| 110 | 00:02:17,160 ~-~-> 00:02:20,310 | ||
| 111 | detailed tutorials for people around the world to learn | ||
| 112 | |||
| 113 | 29 | ||
| 114 | 00:02:20,310 ~-~-> 00:02:24,060 | ||
| 115 | from. And I've developed a little bit better ability to | ||
| 116 | |||
| 117 | 30 | ||
| 118 | 00:02:24,060 ~-~-> 00:02:27,030 | ||
| 119 | teach over the years doing it. But initially, when I first | ||
| 120 | |||
| 121 | 31 | ||
| 122 | 00:02:27,030 ~-~-> 00:02:30,780 | ||
| 123 | started, I gave a lot of information, and it was overkill. | ||
| 124 | |||
| 125 | 32 | ||
| 126 | 00:02:31,200 ~-~-> 00:02:35,070 | ||
| 127 | So this teaching is going to be rather brief, but it's | ||
| 128 | |||
| 129 | 33 | ||
| 130 | 00:02:35,100 ~-~-> 00:02:39,870 | ||
| 131 | again, very dense in its information. So again, looking at | ||
| 132 | |||
| 133 | 34 | ||
| 134 | 00:02:39,870 ~-~-> 00:02:43,710 | ||
| 135 | this diagram here, I want you to think about what would | ||
| 136 | |||
| 137 | 35 | ||
| 138 | 00:02:43,710 ~-~-> 00:02:49,080 | ||
| 139 | constitute these turning points. And I'm sure if you were to | ||
| 140 | |||
| 141 | 36 | ||
| 142 | 00:02:49,080 ~-~-> 00:02:52,110 | ||
| 143 | go through charts, you could see patterns like this that are | ||
| 144 | |||
| 145 | 37 | ||
| 146 | 00:02:52,110 ~-~-> 00:02:56,370 | ||
| 147 | very similar in different timeframes. The timeframe that I | ||
| 148 | |||
| 149 | 38 | ||
| 150 | 00:02:56,370 ~-~-> 00:03:01,080 | ||
| 151 | teach, defined this pattern on is the hourly chart. The | ||
| 152 | |||
| 153 | 39 | ||
| 154 | 00:03:01,080 ~-~-> 00:03:03,090 | ||
| 155 | reason why I like to look for it on the hourly chart is | ||
| 156 | |||
| 157 | 40 | ||
| 158 | 00:03:03,090 ~-~-> 00:03:06,600 | ||
| 159 | because it gives me flexibility to drill down to a lower | ||
| 160 | |||
| 161 | 41 | ||
| 162 | 00:03:06,600 ~-~-> 00:03:12,180 | ||
| 163 | timeframe to refine risk to a smaller amount, while still | ||
| 164 | |||
| 165 | 42 | ||
| 166 | 00:03:12,180 ~-~-> 00:03:18,600 | ||
| 167 | keeping the maximum reward still in sight. And also, the | ||
| 168 | |||
| 169 | 43 | ||
| 170 | 00:03:18,600 ~-~-> 00:03:23,070 | ||
| 171 | hourly to me is clean enough in terms of a timeframe, it | ||
| 172 | |||
| 173 | 44 | ||
| 174 | 00:03:23,070 ~-~-> 00:03:28,470 | ||
| 175 | promotes a little bit longer term horizon for the setups. | ||
| 176 | |||
| 177 | 45 | ||
| 178 | 00:03:28,590 ~-~-> 00:03:32,580 | ||
| 179 | Now granted, an hourly chart is not long term. But you can | ||
| 180 | |||
| 181 | 46 | ||
| 182 | 00:03:32,580 ~-~-> 00:03:35,340 | ||
| 183 | see a lot of the levels you can see otherwise on a four hour | ||
| 184 | |||
| 185 | 47 | ||
| 186 | 00:03:35,340 ~-~-> 00:03:39,540 | ||
| 187 | or daily if you know you're looking for. So I kind of like | ||
| 188 | |||
| 189 | 48 | ||
| 190 | 00:03:39,630 ~-~-> 00:03:43,020 | ||
| 191 | to ingrain in your mind in this teaching how we can use key | ||
| 192 | |||
| 193 | 49 | ||
| 194 | 00:03:43,020 ~-~-> 00:03:46,830 | ||
| 195 | support resistance levels, and what makes these levels key. | ||
| 196 | |||
| 197 | 50 | ||
| 198 | 00:03:49,680 ~-~-> 00:03:51,720 | ||
| 199 | So the first thing you want to do is you want to take your | ||
| 200 | |||
| 201 | 51 | ||
| 202 | 00:03:51,720 ~-~-> 00:03:55,440 | ||
| 203 | 60 minute chart and this can work on any asset class. Okay, | ||
| 204 | |||
| 205 | 52 | ||
| 206 | 00:03:55,440 ~-~-> 00:03:59,970 | ||
| 207 | so I'm going to be using forex for this discussion. Okay. | ||
| 208 | |||
| 209 | 53 | ||
| 210 | 00:04:00,000 ~-~-> 00:04:04,290 | ||
| 211 | The scope is in demo trading only. But you can also do if | ||
| 212 | |||
| 213 | 54 | ||
| 214 | 00:04:04,290 ~-~-> 00:04:08,010 | ||
| 215 | you also do demo accounts with futures contracts, commodity | ||
| 216 | |||
| 217 | 55 | ||
| 218 | 00:04:08,010 ~-~-> 00:04:13,530 | ||
| 219 | stocks, bonds and the like. So, you start with a 60 minute | ||
| 220 | |||
| 221 | 56 | ||
| 222 | 00:04:13,530 ~-~-> 00:04:16,770 | ||
| 223 | chart. Pretty simple, straightforward, you don't do, you | ||
| 224 | |||
| 225 | 57 | ||
| 226 | 00:04:16,770 ~-~-> 00:04:19,200 | ||
| 227 | don't do a whole lot of top down analysis, because the | ||
| 228 | |||
| 229 | 58 | ||
| 230 | 00:04:19,200 ~-~-> 00:04:22,920 | ||
| 231 | pattern is self sufficient. So you've been looking for a 60 | ||
| 232 | |||
| 233 | 59 | ||
| 234 | 00:04:22,920 ~-~-> 00:04:29,400 | ||
| 235 | minute chart for a key high to form. And what makes it a key | ||
| 236 | |||
| 237 | 60 | ||
| 238 | 00:04:29,400 ~-~-> 00:04:34,140 | ||
| 239 | high is you want to see it create this initial short term | ||
| 240 | |||
| 241 | 61 | ||
| 242 | 00:04:34,140 ~-~-> 00:04:39,120 | ||
| 243 | high, and then it runs through it. It breaks down, okay, | ||
| 244 | |||
| 245 | 62 | ||
| 246 | 00:04:39,120 ~-~-> 00:04:44,040 | ||
| 247 | it's gonna break a swing low right here. When price trades | ||
| 248 | |||
| 249 | 63 | ||
| 250 | 00:04:44,040 ~-~-> 00:04:46,590 | ||
| 251 | through that, that's when it becomes a valid pattern. It | ||
| 252 | |||
| 253 | 64 | ||
| 254 | 00:04:46,590 ~-~-> 00:04:52,800 | ||
| 255 | does not become a valid pattern until we get below this | ||
| 256 | |||
| 257 | 65 | ||
| 258 | 00:04:53,130 ~-~-> 00:04:57,810 | ||
| 259 | swing low here. Okay? So imagine price action, kind of | ||
| 260 | |||
| 261 | 66 | ||
| 262 | 00:04:57,810 ~-~-> 00:05:01,050 | ||
| 263 | creating a checkmark Okay. Give it little short short term | ||
| 264 | |||
| 265 | 67 | ||
| 266 | 00:05:01,050 ~-~-> 00:05:05,550 | ||
| 267 | high here and it makes a check like that. Okay? When that | ||
| 268 | |||
| 269 | 68 | ||
| 270 | 00:05:05,730 ~-~-> 00:05:11,130 | ||
| 271 | check mark gets surpassed by price action when it trades | ||
| 272 | |||
| 273 | 69 | ||
| 274 | 00:05:11,130 ~-~-> 00:05:14,610 | ||
| 275 | back up to that, that's setup. Okay, that's what we're | ||
| 276 | |||
| 277 | 70 | ||
| 278 | 00:05:14,610 ~-~-> 00:05:22,650 | ||
| 279 | looking for. So ideally, what makes this setup stronger is | ||
| 280 | |||
| 281 | 71 | ||
| 282 | 00:05:22,650 ~-~-> 00:05:27,240 | ||
| 283 | if this whole price swing is part of a two stage move. In | ||
| 284 | |||
| 285 | 72 | ||
| 286 | 00:05:27,240 ~-~-> 00:05:30,630 | ||
| 287 | other words, we have a short term high, that's ran out, and | ||
| 288 | |||
| 289 | 73 | ||
| 290 | 00:05:30,630 ~-~-> 00:05:33,720 | ||
| 291 | we have a short term high here and it runs out. Okay, so | ||
| 292 | |||
| 293 | 74 | ||
| 294 | 00:05:33,720 ~-~-> 00:05:37,380 | ||
| 295 | this move should be ideally the second move up, taking a | ||
| 296 | |||
| 297 | 75 | ||
| 298 | 00:05:37,380 ~-~-> 00:05:40,560 | ||
| 299 | short term high. That means we're pretty much overbought | ||
| 300 | |||
| 301 | 76 | ||
| 302 | 00:05:40,860 ~-~-> 00:05:43,290 | ||
| 303 | from a technical standpoint without the necessity of any | ||
| 304 | |||
| 305 | 77 | ||
| 306 | 00:05:43,290 ~-~-> 00:05:43,950 | ||
| 307 | indicators. | ||
| 308 | |||
| 309 | 78 | ||
| 310 | 00:05:45,360 ~-~-> 00:05:50,730 | ||
| 311 | So we're focusing again on this short term low here and it | ||
| 312 | |||
| 313 | 79 | ||
| 314 | 00:05:50,730 ~-~-> 00:05:58,290 | ||
| 315 | has to break below that. Again, part of a two stage move | ||
| 316 | |||
| 317 | 80 | ||
| 318 | 00:05:58,290 ~-~-> 00:06:02,880 | ||
| 319 | higher And we're gonna be waiting for price to retrace back | ||
| 320 | |||
| 321 | 81 | ||
| 322 | 00:06:02,880 ~-~-> 00:06:06,240 | ||
| 323 | to the swing low that forms prior to the key high forming. | ||
| 324 | |||
| 325 | 82 | ||
| 326 | 00:06:06,450 ~-~-> 00:06:12,630 | ||
| 327 | Now what makes this high key is the fact that we have taken | ||
| 328 | |||
| 329 | 83 | ||
| 330 | 00:06:12,630 ~-~-> 00:06:16,230 | ||
| 331 | out a short term high, but the low immediately after that | ||
| 332 | |||
| 333 | 84 | ||
| 334 | 00:06:16,230 ~-~-> 00:06:20,400 | ||
| 335 | short term high is violated, it's broken down. So, in | ||
| 336 | |||
| 337 | 85 | ||
| 338 | 00:06:20,400 ~-~-> 00:06:23,700 | ||
| 339 | essence, this is a break in market structure here. And all | ||
| 340 | |||
| 341 | 86 | ||
| 342 | 00:06:23,700 ~-~-> 00:06:27,150 | ||
| 343 | we're doing is waiting for a retest of that same old support | ||
| 344 | |||
| 345 | 87 | ||
| 346 | 00:06:27,150 ~-~-> 00:06:30,660 | ||
| 347 | level now becomes resistance. So now when we see this in | ||
| 348 | |||
| 349 | 88 | ||
| 350 | 00:06:30,720 ~-~-> 00:06:37,530 | ||
| 351 | proper context, we can classify and quantify real support | ||
| 352 | |||
| 353 | 89 | ||
| 354 | 00:06:37,530 ~-~-> 00:06:41,730 | ||
| 355 | resistance, because we're incorporating the idea of a stock | ||
| 356 | |||
| 357 | 90 | ||
| 358 | 00:06:41,730 ~-~-> 00:06:44,730 | ||
| 359 | run above this short term high. And then anyone that's long | ||
| 360 | |||
| 361 | 91 | ||
| 362 | 00:06:44,730 ~-~-> 00:06:47,460 | ||
| 363 | here, we're gonna have a stop below this low, so they run | ||
| 364 | |||
| 365 | 92 | ||
| 366 | 00:06:47,460 ~-~-> 00:06:50,340 | ||
| 367 | through those stops. Price comes back up to this level here. | ||
| 368 | |||
| 369 | 93 | ||
| 370 | 00:06:50,670 ~-~-> 00:06:53,580 | ||
| 371 | We've already rejected price above this short term high | ||
| 372 | |||
| 373 | 94 | ||
| 374 | 00:06:53,580 ~-~-> 00:06:58,290 | ||
| 375 | above number two. So this level here should promote selling | ||
| 376 | |||
| 377 | 95 | ||
| 378 | 00:06:58,620 ~-~-> 00:07:02,280 | ||
| 379 | and it should stave off Real buying, because we've broken | ||
| 380 | |||
| 381 | 96 | ||
| 382 | 00:07:02,280 ~-~-> 00:07:05,910 | ||
| 383 | market structure with this swing low with this drop down. So | ||
| 384 | |||
| 385 | 97 | ||
| 386 | 00:07:05,910 ~-~-> 00:07:09,390 | ||
| 387 | this would be a nice area to look for shorts. And then once | ||
| 388 | |||
| 389 | 98 | ||
| 390 | 00:07:09,390 ~-~-> 00:07:15,120 | ||
| 391 | we have that, what we look for on this entry pattern, we | ||
| 392 | |||
| 393 | 99 | ||
| 394 | 00:07:15,120 ~-~-> 00:07:19,530 | ||
| 395 | have to frame obviously, profit and risk. So we first have | ||
| 396 | |||
| 397 | 100 | ||
| 398 | 00:07:19,530 ~-~-> 00:07:22,710 | ||
| 399 | to determine what's our potential profit. What do we hope to | ||
| 400 | |||
| 401 | 101 | ||
| 402 | 00:07:22,710 ~-~-> 00:07:27,810 | ||
| 403 | make? So we look for a swing low, where in this case it | ||
| 404 | |||
| 405 | 102 | ||
| 406 | 00:07:27,810 ~-~-> 00:07:32,310 | ||
| 407 | would be sell stops resting below that short term low. And | ||
| 408 | |||
| 409 | 103 | ||
| 410 | 00:07:32,310 ~-~-> 00:07:36,690 | ||
| 411 | we would target from our entry point at this low down to | ||
| 412 | |||
| 413 | 104 | ||
| 414 | 00:07:36,690 ~-~-> 00:07:39,930 | ||
| 415 | that level just below the old low that's what we are aiming | ||
| 416 | |||
| 417 | 105 | ||
| 418 | 00:07:39,930 ~-~-> 00:07:43,170 | ||
| 419 | for. That's our target, if you will, the risk is going to be | ||
| 420 | |||
| 421 | 106 | ||
| 422 | 00:07:43,170 ~-~-> 00:07:49,170 | ||
| 423 | defined by one or two pips above the key high, okay, or the | ||
| 424 | |||
| 425 | 107 | ||
| 426 | 00:07:49,170 ~-~-> 00:07:54,240 | ||
| 427 | rejection high. Sometimes price can go above this short term | ||
| 428 | |||
| 429 | 108 | ||
| 430 | 00:07:54,240 ~-~-> 00:07:58,710 | ||
| 431 | low a little bit. It's better if it doesn't, but don't be | ||
| 432 | |||
| 433 | 109 | ||
| 434 | 00:07:59,430 ~-~-> 00:08:02,580 | ||
| 435 | afraid. If it goes up by a little bit, your stop loss is up | ||
| 436 | |||
| 437 | 110 | ||
| 438 | 00:08:02,580 ~-~-> 00:08:05,520 | ||
| 439 | here to do its work. It's a demo account, don't lose any | ||
| 440 | |||
| 441 | 111 | ||
| 442 | 00:08:05,520 ~-~-> 00:08:09,240 | ||
| 443 | sleep over. Okay? So we're looking for the framework of this | ||
| 444 | |||
| 445 | 112 | ||
| 446 | 00:08:09,240 ~-~-> 00:08:12,330 | ||
| 447 | entry point to this as our objective and our stop loss | ||
| 448 | |||
| 449 | 113 | ||
| 450 | 00:08:12,510 ~-~-> 00:08:16,050 | ||
| 451 | protecting our overall position. Okay, so let's take a look | ||
| 452 | |||
| 453 | 114 | ||
| 454 | 00:08:16,050 ~-~-> 00:08:22,500 | ||
| 455 | of it in actual price action. Okay, we can see price | ||
| 456 | |||
| 457 | 115 | ||
| 458 | 00:08:22,500 ~-~-> 00:08:27,930 | ||
| 459 | creating a short term high here, price runs through it, no | ||
| 460 | |||
| 461 | 116 | ||
| 462 | 00:08:27,930 ~-~-> 00:08:31,200 | ||
| 463 | short term high here, price runs through that and then it | ||
| 464 | |||
| 465 | 117 | ||
| 466 | 00:08:31,200 ~-~-> 00:08:35,460 | ||
| 467 | rejects being above this short term high and trades down | ||
| 468 | |||
| 469 | 118 | ||
| 470 | 00:08:36,240 ~-~-> 00:08:41,160 | ||
| 471 | below this low in price comes back up and retake retreats to | ||
| 472 | |||
| 473 | 119 | ||
| 474 | 00:08:41,160 ~-~-> 00:08:44,790 | ||
| 475 | it. Okay, so this candle here violates it and then we come | ||
| 476 | |||
| 477 | 120 | ||
| 478 | 00:08:44,790 ~-~-> 00:08:47,520 | ||
| 479 | right back up to it and trades right into that same level. | ||
| 480 | |||
| 481 | 121 | ||
| 482 | 00:08:47,880 ~-~-> 00:08:52,350 | ||
| 483 | As soon as that happens, that is a sell scenario. Okay, or | ||
| 484 | |||
| 485 | 122 | ||
| 486 | 00:08:52,680 ~-~-> 00:08:55,290 | ||
| 487 | shorting opportunity. We're gonna be looking for a move | ||
| 488 | |||
| 489 | 123 | ||
| 490 | 00:08:55,290 ~-~-> 00:09:00,420 | ||
| 491 | below this low. Our risk is defined by the high six Five | ||
| 492 | |||
| 493 | 124 | ||
| 494 | 00:09:00,420 ~-~-> 00:09:04,530 | ||
| 495 | pips risk to make from this entry point down to the stops. | ||
| 496 | |||
| 497 | 125 | ||
| 498 | 00:09:06,720 ~-~-> 00:09:10,950 | ||
| 499 | That's not bad you can take that trade it's not you barn | ||
| 500 | |||
| 501 | 126 | ||
| 502 | 00:09:10,950 ~-~-> 00:09:16,530 | ||
| 503 | burning, okay? If we drop down into a 15 minute timeframe, | ||
| 504 | |||
| 505 | 127 | ||
| 506 | 00:09:17,250 ~-~-> 00:09:21,990 | ||
| 507 | we can take that same insight in here in zero in and use our | ||
| 508 | |||
| 509 | 128 | ||
| 510 | 00:09:22,020 ~-~-> 00:09:25,560 | ||
| 511 | trusty optimal trade entry pattern to reduce some of the | ||
| 512 | |||
| 513 | 129 | ||
| 514 | 00:09:25,560 ~-~-> 00:09:29,670 | ||
| 515 | risk. So now we can reduce that 65 pips stop loss down to 20 | ||
| 516 | |||
| 517 | 130 | ||
| 518 | 00:09:29,670 ~-~-> 00:09:32,700 | ||
| 519 | pips. Notice also that we have a Fibonacci extension of | ||
| 520 | |||
| 521 | 131 | ||
| 522 | 00:09:32,970 ~-~-> 00:09:37,020 | ||
| 523 | 300%, which takes us right below that low where our sell | ||
| 524 | |||
| 525 | 132 | ||
| 526 | 00:09:37,020 ~-~-> 00:09:39,960 | ||
| 527 | stop target with me. Now we're going to look at an example | ||
| 528 | |||
| 529 | 133 | ||
| 530 | 00:09:39,990 ~-~-> 00:09:43,590 | ||
| 531 | of the bullish condition of an ATM. Again, look at the | ||
| 532 | |||
| 533 | 134 | ||
| 534 | 00:09:43,590 ~-~-> 00:09:50,250 | ||
| 535 | scenario here in this crude depiction. Game we'll be | ||
| 536 | |||
| 537 | 135 | ||
| 538 | 00:09:50,250 ~-~-> 00:09:53,700 | ||
| 539 | scanning the price action on a 60 minute chart key low to | ||
| 540 | |||
| 541 | 136 | ||
| 542 | 00:09:53,700 ~-~-> 00:09:57,330 | ||
| 543 | form and a short term swing high broken to the upside. | ||
| 544 | |||
| 545 | 137 | ||
| 546 | 00:09:57,540 ~-~-> 00:10:00,750 | ||
| 547 | That's gonna be this here. So we're looking for For a low, | ||
| 548 | |||
| 549 | 138 | ||
| 550 | 00:10:01,110 ~-~-> 00:10:03,810 | ||
| 551 | that's violated and then we trade rate back above the short | ||
| 552 | |||
| 553 | 139 | ||
| 554 | 00:10:03,810 ~-~-> 00:10:06,360 | ||
| 555 | term high right here. So in other words, what we're looking | ||
| 556 | |||
| 557 | 140 | ||
| 558 | 00:10:06,360 ~-~-> 00:10:10,020 | ||
| 559 | for, it's kinda like a crooked little number seven. Okay? | ||
| 560 | |||
| 561 | 141 | ||
| 562 | 00:10:10,710 ~-~-> 00:10:14,040 | ||
| 563 | And when that is violated on the upside, when price comes | ||
| 564 | |||
| 565 | 142 | ||
| 566 | 00:10:14,040 ~-~-> 00:10:17,820 | ||
| 567 | back down to it, that's what we're hunting. So ideally, this | ||
| 568 | |||
| 569 | 143 | ||
| 570 | 00:10:17,820 ~-~-> 00:10:22,230 | ||
| 571 | is going to be part of a continued swing lower, we have a | ||
| 572 | |||
| 573 | 144 | ||
| 574 | 00:10:22,230 ~-~-> 00:10:24,420 | ||
| 575 | swing low, that's violated here, and then we have a swing | ||
| 576 | |||
| 577 | 145 | ||
| 578 | 00:10:24,420 ~-~-> 00:10:27,450 | ||
| 579 | low, that's violated here. So it's like a two stage move | ||
| 580 | |||
| 581 | 146 | ||
| 582 | 00:10:27,450 ~-~-> 00:10:31,140 | ||
| 583 | lower of breaking old support old support. Now we're really | ||
| 584 | |||
| 585 | 147 | ||
| 586 | 00:10:31,140 ~-~-> 00:10:34,470 | ||
| 587 | oversold technically without any necessity of needing any | ||
| 588 | |||
| 589 | 148 | ||
| 590 | 00:10:34,470 ~-~-> 00:10:40,470 | ||
| 591 | indication to tell us that. So here's our to scale drop | ||
| 592 | |||
| 593 | 149 | ||
| 594 | 00:10:40,470 ~-~-> 00:10:40,920 | ||
| 595 | down. | ||
| 596 | |||
| 597 | 150 | ||
| 598 | 00:10:42,269 ~-~-> 00:10:44,099 | ||
| 599 | And where are we waiting for price to retrace back to the | ||
| 600 | |||
| 601 | 151 | ||
| 602 | 00:10:44,099 ~-~-> 00:10:48,119 | ||
| 603 | swing high broken prior to the key low forming again, that's | ||
| 604 | |||
| 605 | 152 | ||
| 606 | 00:10:48,119 ~-~-> 00:10:51,659 | ||
| 607 | this here, and we zero in right there. That's our setup for | ||
| 608 | |||
| 609 | 153 | ||
| 610 | 00:10:51,659 ~-~-> 00:10:55,679 | ||
| 611 | a long. So we'll look for our opportunity for creaming our | ||
| 612 | |||
| 613 | 154 | ||
| 614 | 00:10:55,679 ~-~-> 00:10:58,469 | ||
| 615 | potential reward. Again, we're gonna be hunting by stops | ||
| 616 | |||
| 617 | 155 | ||
| 618 | 00:10:58,469 ~-~-> 00:11:03,569 | ||
| 619 | above this swing high here. And stop losses below here. So | ||
| 620 | |||
| 621 | 156 | ||
| 622 | 00:11:03,569 ~-~-> 00:11:07,799 | ||
| 623 | our entry to our stock is our risk and our entry to the buy | ||
| 624 | |||
| 625 | 157 | ||
| 626 | 00:11:07,799 ~-~-> 00:11:10,259 | ||
| 627 | stops above here is our potential profit or reward. | ||
| 628 | |||
| 629 | 158 | ||
| 630 | 00:11:12,690 ~-~-> 00:11:14,400 | ||
| 631 | All right, we'll take a look at an example in the bullish | ||
| 632 | |||
| 633 | 159 | ||
| 634 | 00:11:14,400 ~-~-> 00:11:14,880 | ||
| 635 | condition. | ||
| 636 | |||
| 637 | 160 | ||
| 638 | 00:11:17,399 ~-~-> 00:11:21,749 | ||
| 639 | Alright, so here is price action on an hourly chart, you can | ||
| 640 | |||
| 641 | 161 | ||
| 642 | 00:11:21,749 ~-~-> 00:11:27,329 | ||
| 643 | see we have one support level broken, another area of | ||
| 644 | |||
| 645 | 162 | ||
| 646 | 00:11:27,329 ~-~-> 00:11:31,709 | ||
| 647 | support broken, and then we have an old Whoa, violated | ||
| 648 | |||
| 649 | 163 | ||
| 650 | 00:11:31,709 ~-~-> 00:11:34,859 | ||
| 651 | aggressively, and then price trades back above it right | ||
| 652 | |||
| 653 | 164 | ||
| 654 | 00:11:34,859 ~-~-> 00:11:40,049 | ||
| 655 | here. When we see that this retest of that old high, that's | ||
| 656 | |||
| 657 | 165 | ||
| 658 | 00:11:40,049 ~-~-> 00:11:43,769 | ||
| 659 | where we're hunting along. So if that's our entry, and this | ||
| 660 | |||
| 661 | 166 | ||
| 662 | 00:11:43,769 ~-~-> 00:11:49,919 | ||
| 663 | is our stop loss, we're risking 140 pips, to make 225 pips | ||
| 664 | |||
| 665 | 167 | ||
| 666 | 00:11:50,759 ~-~-> 00:11:54,629 | ||
| 667 | by stops are our target here. Now that may not be an ideal | ||
| 668 | |||
| 669 | 168 | ||
| 670 | 00:11:54,629 ~-~-> 00:11:57,359 | ||
| 671 | scenario for you, it may not be something that fits your | ||
| 672 | |||
| 673 | 169 | ||
| 674 | 00:11:57,389 ~-~-> 00:12:00,749 | ||
| 675 | risk appetite, so we can now drop down into To a 15 minute | ||
| 676 | |||
| 677 | 170 | ||
| 678 | 00:12:00,749 ~-~-> 00:12:04,649 | ||
| 679 | timeframe and try to get that same 225 pips with a little | ||
| 680 | |||
| 681 | 171 | ||
| 682 | 00:12:04,649 ~-~-> 00:12:09,029 | ||
| 683 | bit lower stop loss. So here we are on a 15 minute time | ||
| 684 | |||
| 685 | 172 | ||
| 686 | 00:12:09,029 ~-~-> 00:12:11,309 | ||
| 687 | frame, I've zoomed in here and that same little area of | ||
| 688 | |||
| 689 | 173 | ||
| 690 | 00:12:11,309 ~-~-> 00:12:14,969 | ||
| 691 | looking to be a buyer, we're going to be now removing all | ||
| 692 | |||
| 693 | 174 | ||
| 694 | 00:12:14,969 ~-~-> 00:12:19,529 | ||
| 695 | that risk down to 80 pips, so we have a stop loss just below | ||
| 696 | |||
| 697 | 175 | ||
| 698 | 00:12:19,529 ~-~-> 00:12:24,329 | ||
| 699 | this old low here. Okay, so we have this low to this high | ||
| 700 | |||
| 701 | 176 | ||
| 702 | 00:12:24,509 ~-~-> 00:12:27,359 | ||
| 703 | here, coming back down to that level. So we're trying to | ||
| 704 | |||
| 705 | 177 | ||
| 706 | 00:12:27,389 ~-~-> 00:12:31,229 | ||
| 707 | give ourselves a little bit more of a better risk reward | ||
| 708 | |||
| 709 | 178 | ||
| 710 | 00:12:31,229 ~-~-> 00:12:37,229 | ||
| 711 | model here. Right away, we're almost at three to one that's | ||
| 712 | |||
| 713 | 179 | ||
| 714 | 00:12:37,229 ~-~-> 00:12:40,349 | ||
| 715 | improved, but watch what we do when we zoom in a little bit | ||
| 716 | |||
| 717 | 180 | ||
| 718 | 00:12:40,349 ~-~-> 00:12:42,629 | ||
| 719 | more. We're gonna actually go down to a five minute chart | ||
| 720 | |||
| 721 | 181 | ||
| 722 | 00:12:42,629 ~-~-> 00:12:47,609 | ||
| 723 | now and still see if we can get that 225 pips but with a | ||
| 724 | |||
| 725 | 182 | ||
| 726 | 00:12:47,609 ~-~-> 00:12:52,649 | ||
| 727 | smaller stop loss. Okay, so now we have a five minute chart | ||
| 728 | |||
| 729 | 183 | ||
| 730 | 00:12:52,709 ~-~-> 00:12:56,669 | ||
| 731 | again, that same little area, that green circle resumed in | ||
| 732 | |||
| 733 | 184 | ||
| 734 | 00:12:56,669 ~-~-> 00:12:59,789 | ||
| 735 | here. And now I'm doing this doing an optimal trade entry | ||
| 736 | |||
| 737 | 185 | ||
| 738 | 00:12:59,789 ~-~-> 00:13:03,659 | ||
| 739 | long are in the fifth and the body's lowest open or close to | ||
| 740 | |||
| 741 | 186 | ||
| 742 | 00:13:03,659 ~-~-> 00:13:06,599 | ||
| 743 | the highest open or close and this swing high guess is a | ||
| 744 | |||
| 745 | 187 | ||
| 746 | 00:13:06,599 ~-~-> 00:13:09,839 | ||
| 747 | beautiful little optimal trade entry long. Right at the same | ||
| 748 | |||
| 749 | 188 | ||
| 750 | 00:13:09,839 ~-~-> 00:13:13,469 | ||
| 751 | level, we'd be looking for that scenario to unfold that. And | ||
| 752 | |||
| 753 | 189 | ||
| 754 | 00:13:13,469 ~-~-> 00:13:16,319 | ||
| 755 | now we can reduce that stop down to 20 pips, but still | ||
| 756 | |||
| 757 | 190 | ||
| 758 | 00:13:16,319 ~-~-> 00:13:19,889 | ||
| 759 | looking and hunting to earn 25 pips or in this case becomes | ||
| 760 | |||
| 761 | 191 | ||
| 762 | 00:13:20,159 ~-~-> 00:13:24,629 | ||
| 763 | 11 to one reward the risk model. So what we've done is we've | ||
| 764 | |||
| 765 | 192 | ||
| 766 | 00:13:24,929 ~-~-> 00:13:30,359 | ||
| 767 | looked for a key turning point. We've identified the key | ||
| 768 | |||
| 769 | 193 | ||
| 770 | 00:13:30,359 ~-~-> 00:13:35,039 | ||
| 771 | levels relative to runs on liquidity stops, and we use the | ||
| 772 | |||
| 773 | 194 | ||
| 774 | 00:13:35,039 ~-~-> 00:13:39,689 | ||
| 775 | targets in the form of a stock run as well. We can use the | ||
| 776 | |||
| 777 | 195 | ||
| 778 | 00:13:39,689 ~-~-> 00:13:43,379 | ||
| 779 | optimal trade entry to zero in and reduce the risk but still | ||
| 780 | |||
| 781 | 196 | ||
| 782 | 00:13:43,379 ~-~-> 00:13:47,369 | ||
| 783 | keep the possible potential reward, still the same as we | ||
| 784 | |||
| 785 | 197 | ||
| 786 | 00:13:47,369 ~-~-> 00:13:53,009 | ||
| 787 | would have used from an hourly setup. So the 225 pips is | ||
| 788 | |||
| 789 | 198 | ||
| 790 | 00:13:53,009 ~-~-> 00:13:57,239 | ||
| 791 | still available to us with a 20 PIP stop loss. Now granted, | ||
| 792 | |||
| 793 | 199 | ||
| 794 | 00:13:57,239 ~-~-> 00:14:00,479 | ||
| 795 | you have to hold for a while but this is what It looks like | ||
| 796 | |||
| 797 | 200 | ||
| 798 | 00:14:00,479 ~-~-> 00:14:03,479 | ||
| 799 | on a five minute zoomed out and not getting the entire move, | ||
| 800 | |||
| 801 | 201 | ||
| 802 | 00:14:03,509 ~-~-> 00:14:07,139 | ||
| 803 | but it takes a little bit of time to get there. But | ||
| 804 | |||
| 805 | 202 | ||
| 806 | 00:14:07,139 ~-~-> 00:14:11,459 | ||
| 807 | nonetheless, this is how we can use the ATM method to get | ||
| 808 | |||
| 809 | 203 | ||
| 810 | 00:14:11,459 ~-~-> 00:14:14,219 | ||
| 811 | high probability setups, trading key support resistance | ||
| 812 | |||
| 813 | 204 | ||
| 814 | 00:14:14,219 ~-~-> 00:14:19,169 | ||
| 815 | levels. Again 225 pips is available. That's 20 pips stop | ||
| 816 | |||
| 817 | 205 | ||
| 818 | 00:14:19,169 ~-~-> 00:14:25,979 | ||
| 819 | loss. Hope you enjoyed this presentation. If you'd like | ||
| 820 | |||
| 821 | 206 | ||
| 822 | 00:14:25,979 ~-~-> 00:14:28,619 | ||
| 823 | these types of teachings, you can find more at V inner | ||
| 824 | |||
| 825 | 207 | ||
| 826 | 00:14:28,619 ~-~-> 00:14:29,759 | ||
| 827 | circle trader.com |