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Version 1.1 by Drunk Monkey on 2020-11-20 16:03
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3 ICT: Okay, folks, welcome. This is gonna be the first video
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7 I do as a beginning point of origin, if you want to call it
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11 that, for my continuing series on the YouTube channel, inner
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15 circle trader there's going to be daily entry in terms of
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19 the YouTube channel will have a Monday through Friday video
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23 log, so there'll be something posted. And in October 2017
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27 I'm going to be doing a New York session, live commentary.
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31 So I'll be talking about one particular pair per day. based
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35 on personal choice and selection, that doesn't mean there's
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39 going to be a setup that comes to fruition every single day
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43 just means I'm going to give you an example focusing on one
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47 particular pair. And using that as a foundation and
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51 understanding your in learning price action. So, the first
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55 thing I want to kind of bring the focus to is why everyone
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59 starts trading. Obviously, they want to make money. Okay,
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63 number one, I'm not promising you that. Okay, because no one
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67 can. The only thing I can tell you is this is a particular
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71 pattern that I first discovered in price action. And it was
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75 very easy to spot, very easy to see and understood the
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79 mechanics rather quickly. And I think from everyone I've
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83 ever taught, this is the one pattern that most gravitate
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87 towards. There's a lot of different trading patterns out
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91 there, especially in my personal repertoire, but be told I
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95 only have only two setups that look at. And I'm not going to
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99 give you those particular setups here. But I'm going to be
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103 teaching you the generic optimal trade entry from a
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107 foundational standpoint, or bare basics approach to it. Now,
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111 right away, much like everyone else has already gone through
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115 my free tutorials, they either dismissed it as well, you
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119 know, it's too easy, too simple trading can't be that easy.
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123 And no trading isn't technically easy, quote unquote.
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127 difficult this is you have to measure the amount of risk
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131 involved for every setup, and then you have to stick to a
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135 trading plan that you know, follows that setup. And even
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139 that doesn't guarantee you're gonna make money. So the only
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143 thing I'm guaranteeing you here is a solid understanding of
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147 what I see in terms of price action as it relates to optimal
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151 trade entry, or as it's themed on the internet and in my own
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155 tutorials, OTV Just abbreviation for optimal trade entry.
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159 Alright, so the first idea is, number one, before we do
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163 anything, I'll kind of like want to remind you all that I
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167 did a lecture years and years ago about how your trading
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171 plan as many as some might feel it's necessary to have, you
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175 know, 14 page, you know, treaty, what it is you're going to
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179 do. I think personally, once you understand the mechanics of
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183 it all, and what you're doing conceptually, it only needs to
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187 be enough to fill the back of a business card. Okay, so you
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191 need a short little list of things that you know, by heart,
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195 what's your risk model? How to frame that? What makes your
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199 entry, what gives you the conditions in the marketplace that
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203 makes you bullish, or bearish? And you know, how you execute
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207 and how you manage that trade? And then you obviously, you
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211 know, where do you take your profits at? So obviously, it's
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215 a very oversimplification on my part, it may I understand
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219 that. But my return back to online I guess, tutelage and
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223 teaching is really kind of like bringing it back in the
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227 scope of simplification. Because I have a lot of things that
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231 I've taught everyone about trading every asset class,
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235 specifically forex. The common consensus is because
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239 everyone's tried to learn everything I taught, and they
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243 tried to apply it to every possible scenario and every
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247 particular trading day that they had time to sit in front of
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251 the charts, it doesn't promote, you know, a solid
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255 understanding. In fact, it creates kind of like a paralysis
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259 effect. So what happens is, is everyone quickly walks away
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263 from the material thinking, Well, number one, he's just a
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267 demo guy because you can't do it. Or because I haven't
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271 showed a track record. And it's always been about you not
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275 about me. So if you take this information, use it. I promise
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279 you, you will have a greater understanding about price
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283 action. And you have right now, that's the only thing I can
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287 promise Now, does that mean you're going to be making any
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291 money? No, I can't promise that. Okay, so everything I
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295 talked about
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299 is going to be referred to as a hypothetical scenario,
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303 because I'm not trying to take ownership of the risk and
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307 rewards that you take in using this information. So just
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311 understand that it's for informational purposes only. I
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315 think if you look at it, you'll quickly see that there's
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319 something of worth in terms of studying it. So the first
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323 thing we're gonna look at, is understanding what makes the
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327 market predisposed to go higher or lower. Now, if you
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331 recall, for those who have had that benefit of going through
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335 my old tutorials, I had a teaching on selecting key support
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339 resistance levels, and it's primarily just marking from a
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343 higher timeframe monthly down into the lower timeframe. So
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347 when I say lower timeframe, that would be about before
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351 hours, the lowest I'd go in terms of defining it as a key
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355 Anything less than four hours is too short term to refine
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359 that on a large institutional basis. So, what I like to look
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363 for is am I taught on free tutorials is that if you use the
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367 higher timeframe monthly, weekly, daily and four hour, and
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371 we'll just leave the four hour off for right now just focus
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375 on the monthly, daily and weekly timeframes. If you look for
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379 key levels where price has moved away from it, in other
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383 words, if prices moved up to a resistance level, and
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387 repelled and went lower, we can reasonably assume that there
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391 was a large degree of institutions that had a interest in
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395 being short there. And if the market trades down to a level
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399 and bounces off of it and goes higher, we can reasonably
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403 assume that there is an institutional basis for that rally
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407 to ensue. Now, without going into great detail and
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411 revisiting everything I've ever done in trying to
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415 compressing into a very short video, just know that that
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419 simple premise of using Higher timeframe chart. And these
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423 are monthly chart, there's plenty of high probability
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427 scenarios that you could find just using a monthly chart.
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431 Now, you don't get a whole lot of setups. But if you're
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435 watching a wide array of particular assets, there's always
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439 something trading at or near a monthly level. Okay? And
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443 what's a monthly level, an old high, an old low, as simple
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447 as that. Now, everything I'm going to be teaching and
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451 revisiting in the YouTube channel is all about
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455 simplification. Very simple processes, supply ideas, no
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459 indicators, no gimmicks, none of those types of things. You
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463 don't need all that stuff. Very simple understand price
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467 action. The premise behind what makes these things strong is
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471 we're looking for the evidence that there's going to be a
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475 institutional sponsorship behind the price move. That means
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479 big entities, deep pockets, lots of orders coming in large
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483 sizable orders are coming in. We're not looking at ladders.
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487 We're not Looking at little tiny little fluctuations of
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491 intraday volatility, we're looking at big, massive telltale
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495 signs that these big boys have pushed price around. And you
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499 can see that on the higher timeframe. I've said this so many
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503 times if folks would just focus on these timeframes, it will
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507 answer 80% of the problems you're having, because you're too
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511 worried about what's going on in these lower timeframes.
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515 Because you're in Namur by something maybe I've done with
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519 the intraday chart, five minute, 15 minutes, something that
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523 we've been wanting to chart to do on social media,
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527 everybody's a wizard now. They're showing all kinds of
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531 things that they've either done or can do. And that's great,
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535 but one minute charts are not going to decipher what Smart
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539 Money is doing. That's just very short term volatility. Now,
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543 I'm not disparaging the ability to make money doing that
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547 because I can do it just like this. Well, the next guy can,
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551 but what I really want to focus my time on this is what I
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555 taught from 2010 as it relates just to forex, but it really
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559 goes across all asset classes if you use a higher
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563 timeframes. On any asset classes, you're looking to
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567 speculate in Our study, that is where the big money moves
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571 are, it's as simple as that. It doesn't get any plainer than
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575 that. Okay, so we're going to assume for a moment that we
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579 assume that the markets bullish, okay, and we would be
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583 looking for the market to trade higher. Optimal trade entry
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587 is really based on buying retracements. Okay, as the market
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591 makes a impulse price move higher, that impulse price move
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595 has to be incorporating a break in market structure. And
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599 I'll show you what that looks like in the chart. And then
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603 you're what you're doing is you're trying to buy the
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607 retracements lower and the obviously it's very cliche to
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611 hear in technical analysis, buy the dips, sell the rallies,
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615 okay. If you're, if you're bullish, you're gonna be buying
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619 the dips or any retracements lower after a price like
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623 higher. And then the expectation is you're buying it when it
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627 retraces and then you want to buy it as it does that and
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631 then capture the next leg higher, and everything's reverse
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635 for when it's bearish. We'd be looking for rallies in price,
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639 and we are looking to sell those rallies with the
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643 expectation that we're going to break to lower lows. Okay?
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647 And that's the optimal trade entry short and
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651 optimal trade entry long in a bear definition, simple
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655 definition. So what it looks like as on a fib, this is the
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659 basic model. There's been many approaches to having the
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663 Fibonacci show what I use for optimal trade entry, but this
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667 is the bare bones This is how it started. This is how it is
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671 and I'll show you what these settings are. Let's go here and
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675 click on analyze Alessi the settings that way you can set
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679 your mt four or equivalent to the same. The zero level is
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683 first profit and scaling I'll explain these as I go 62%
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687 retracement level I'm rounding it. And then you have the 100
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691 level which is one here. And then we have the percent sign
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695 dollars. Just allows the MT four platform to plot the actual
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699 value. You can see that over here, and then it's point 705.
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703 For the sweet spot for optimal trade entry, that's the price
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707 level, I'd like to see price trade to, and 79%. And we have
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711 our target levels which is zero, negative 0.6 to negative
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715 zero to seven, and then negative one for symmetrical price
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719 swing. Okay, and then the same as this done over here. I'm
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723 going to show you the property settings for that. It's the
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727 same thing as shown in the scale of looking for downside
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731 objectives. So the premises will be looking for price to do
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735 something like this. Okay, we have a impulse price leg
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738 00:11:54,840 ~-~-> 00:12:03,510
739 higher and then we have another impulse price leg off that
740
741 186
742 00:12:04,050 ~-~-> 00:12:08,790
743 level and trading down into optimal trade entry, okay, so
744
745 187
746 00:12:08,790 ~-~-> 00:12:12,750
747 we're trying to do is get below halfway of that price leg
748
749 188
750 00:12:12,750 ~-~-> 00:12:17,310
751 higher down into 60 to 70 and a half to 70% retracement
752
753 189
754 00:12:17,310 ~-~-> 00:12:23,040
755 level. Okay. I try to get my fill at 62 just so everyone
756
757 190
758 00:12:23,040 ~-~-> 00:12:26,520
759 knows right away it's for completeness sake I try to get at
760
761 191
762 00:12:26,520 ~-~-> 00:12:30,750
763 or very close to the 62% tracing level I allow up to a
764
765 192
766 00:12:30,750 ~-~-> 00:12:33,270
767 little small deviation below that so nice that trace level
768
769 193
770 00:12:33,270 ~-~-> 00:12:38,310
771 280 Okay, I'll allow that for price. Now. My stock will be
772
773 194
774 00:12:38,310 ~-~-> 00:12:43,020
775 exactly at this low, not 10 pips or five pips below that
776
777 195
778 00:12:43,080 ~-~-> 00:12:46,560
779 it's gonna be right at that low. Okay. So it's the easily
780
781 196
782 00:12:46,560 ~-~-> 00:12:51,150
783 defined if we're trying to get in at 60% trace level, it'd
784
785 197
786 00:12:51,150 ~-~-> 00:12:57,870
787 be my Philippine one. I'm sorry. 12 34.3 was called. This is
788
789 198
790 00:12:57,870 ~-~-> 00:13:00,900
791 the gold market, behind all this stuff. That's the price is
792
793 199
794 00:13:00,900 ~-~-> 00:13:06,330
795 showing, I'd like to get their fill at basically 1235, we'll
796
797 200
798 00:13:06,330 ~-~-> 00:13:09,090
799 call it. Okay, just a little bit about 62. I'm not going to
800
801 201
802 00:13:09,090 ~-~-> 00:13:12,420
803 fancy dance around, try to get the actual level, I just want
804
805 202
806 00:13:12,420 ~-~-> 00:13:15,360
807 to be in a level. That makes sense. Okay. And then between
808
809 203
810 00:13:15,360 ~-~-> 00:13:19,980
811 that and where I think the low should be formed based on my
812
813 204
814 00:13:21,090 ~-~-> 00:13:23,850
815 analysis, where price would be terms for the price swing,
816
817 205
818 00:13:23,850 ~-~-> 00:13:26,730
819 I'll show you what that looks like in a chart. The stock
820
821 206
822 00:13:26,730 ~-~-> 00:13:29,070
823 will be exactly right there. So between the two reference
824
825 207
826 00:13:29,070 ~-~-> 00:13:35,040
827 points, that would be the risk. Okay. The level up here.
828
829 208
830 00:13:36,390 ~-~-> 00:13:41,220
831 Zero level is when you take off first profit. Now, I like to
832
833 209
834 00:13:41,220 ~-~-> 00:13:44,670
835 go a little bit early, because you can always feel getting
836
837 210
838 00:13:44,670 ~-~-> 00:13:50,460
839 back to this high. So at the high or just below it. That's
840
841 211
842 00:13:50,460 ~-~-> 00:13:53,070
843 where my first profit is. That's your first scaling. That's
844
845 212
846 00:13:53,070 ~-~-> 00:13:57,210
847 not your first target. first target is here. Okay, so you
848
849 213
850 00:13:57,210 ~-~-> 00:14:00,360
851 got to expect price to want to eventually get to this level
852
853 214
854 00:14:00,360 ~-~-> 00:14:02,820
855 or maybe this level, if you're really extremely bullish all
856
857 215
858 00:14:02,820 ~-~-> 00:14:04,740
859 the way up here to have a measured move, what's the measured
860
861 216
862 00:14:04,740 ~-~-> 00:14:10,170
863 move in post leg low to high, that move is it same thing,
864
865 217
866 00:14:10,170 ~-~-> 00:14:13,980
867 just add it to the high up. Okay, so that's a perfectly
868
869 218
870 00:14:13,980 ~-~-> 00:14:17,520
871 symmetrical price swing, you don't always happen to that
872
873 219
874 00:14:17,520 ~-~-> 00:14:21,120
875 degree. And that's why we had to be looking to take profit
876
877 220
878 00:14:21,930 ~-~-> 00:14:25,050
879 rate before or high because it could fail there. And if it
880
881 221
882 00:14:25,050 ~-~-> 00:14:28,860
883 goes above it, at the 127 extension, basically is what this
884
885 222
886 00:14:28,860 ~-~-> 00:14:32,190
887 is going to be looking to take something off there. And if
888
889 223
890 00:14:32,190 ~-~-> 00:14:40,170
891 we get to 162 extension up here, I would be another portion
892
893 224
894 00:14:40,170 ~-~-> 00:14:43,380
895 for me to take profits and then if I'm extremely bullish,
896
897 225
898 00:14:43,620 ~-~-> 00:14:47,670
899 I'll leave small piece on for a measured move type effect.
900
901 226
902 00:14:47,940 ~-~-> 00:14:56,550
903 So the same thing is seen over here for when the markets
904
905 227
906 00:14:56,550 ~-~-> 00:15:04,080
907 bearish, we look for an impulse leg Lower in price. Okay,
908
909 228
910 00:15:04,110 ~-~-> 00:15:07,860
911 and then we expect to see price retrace higher
912
913 229
914 00:15:14,549 ~-~-> 00:15:18,569
915 back into optimal trade entry. And that's defined between 62
916
917 230
918 00:15:18,569 ~-~-> 00:15:21,479
919 and 79 centration. Well, it could be anywhere in here. Now
920
921 231
922 00:15:21,479 ~-~-> 00:15:24,509
923 the problem is, is I'm not teaching supply and demand. So
924
925 232
926 00:15:24,509 ~-~-> 00:15:26,789
927 supply and demand zones and stuff like that I don't do those
928
929 233
930 00:15:26,789 ~-~-> 00:15:29,639
931 types of things. I look for specific price levels. And I'll
932
933 234
934 00:15:29,669 ~-~-> 00:15:32,999
935 teach you through the month of October, how to refine that
936
937 235
938 00:15:32,999 ~-~-> 00:15:36,569
939 down to a specific price level and not just wonder, you know
940
941 236
942 00:15:36,569 ~-~-> 00:15:38,819
943 where it is in that zone, you're going to be taking a trade,
944
945 237
946 00:15:39,089 ~-~-> 00:15:41,939
947 okay, so I'm going to give actual price levels to look for.
948
949 238
950 00:15:42,449 ~-~-> 00:15:44,699
951 And the same thing, we would expect the price to show
952
953 239
954 00:15:44,699 ~-~-> 00:15:48,089
955 willingness to drop lower, limiting our risk to the actual
956
957 240
958 00:15:48,089 ~-~-> 00:15:52,859
959 high between the entry and the high. That's our risk. So we
960
961 241
962 00:15:52,859 ~-~-> 00:15:57,479
963 would take that amount of risk defined divided by, you know,
964
965 242
966 00:15:57,509 ~-~-> 00:16:01,649
967 the percent risk that we're willing to say Based on your
968
969 243
970 00:16:01,649 ~-~-> 00:16:04,469
971 account, we'll say it's a half a percent, whatever half
972
973 244
974 00:16:04,469 ~-~-> 00:16:07,469
975 percent of your account is, you take that in terms of the
976
977 245
978 00:16:07,469 ~-~-> 00:16:11,159
979 pips, and break that down, that would give you your per PIP
980
981 246
982 00:16:12,119 ~-~-> 00:16:15,149
983 leverage. And I know it's something I'm brushing over that
984
985 247
986 00:16:15,149 ~-~-> 00:16:21,209
987 rather quickly. And it's because I'm trying to just give you
988
989 248
990 00:16:21,209 ~-~-> 00:16:24,839
991 a foundation. And then obviously, through the entire scope
992
993 249
994 00:16:24,839 ~-~-> 00:16:27,869
995 of October, we'll actually refine that so you can see how to
996
997 250
998 00:16:27,869 ~-~-> 00:16:31,289
999 do your risk, how to determine your risk and figure out what
1000
1001 251
1002 00:16:31,289 ~-~-> 00:16:34,709
1003 you can earn on the position and what you're you're risking,
1004
1005 252
1006 00:16:34,829 ~-~-> 00:16:36,899
1007 and I'll teach you how to move all the stops when when it's
1008
1009 253
1010 00:16:36,899 ~-~-> 00:16:39,329
1011 supposed to be done and all that but ultimately, we would
1012
1013 254
1014 00:16:39,329 ~-~-> 00:16:44,219
1015 expect to see it then move down into some reasonable
1016
1017 255
1018 00:16:44,219 ~-~-> 00:16:46,979
1019 objective first profit would be down here, but just above
1020
1021 256
1022 00:16:47,069 ~-~-> 00:16:50,339
1023 the old low, so we will don't take profit here. The thing
1024
1025 257
1026 00:16:50,339 ~-~-> 00:16:53,189
1027 is, this is what why most traders screw up and they don't
1028
1029 258
1030 00:16:53,189 ~-~-> 00:16:55,289
1031 make money and they're not profitable, either in demo or in
1032
1033 259
1034 00:16:55,289 ~-~-> 00:16:57,959
1035 live, is they don't do this practice right here knowing
1036
1037 260
1038 00:16:57,959 ~-~-> 00:17:01,559
1039 where to get out at their first scale. You have to know what
1040
1041 261
1042 00:17:01,559 ~-~-> 00:17:05,429
1043 that is. And it has to be a reasonable amount of range to
1044
1045 262
1046 00:17:05,429 ~-~-> 00:17:09,269
1047 promote the idea of justification for the risk. So if I know
1048
1049 263
1050 00:17:09,269 ~-~-> 00:17:13,019
1051 I'm getting in here, and my entry exit at a loss is up here
1052
1053 264
1054 00:17:13,019 ~-~-> 00:17:17,969
1055 with my stop, it has to be a reasonable, you know, better
1056
1057 265
1058 00:17:17,969 ~-~-> 00:17:22,679
1059 than, in my opinion, better than two to one. Okay? And
1060
1061 266
1062 00:17:22,679 ~-~-> 00:17:26,099
1063 that's about as good as I get in terms of trusting reward to
1064
1065 267
1066 00:17:26,099 ~-~-> 00:17:29,579
1067 risk ratios. Okay. So, what I'm looking for is everyone will
1068
1069 268
1070 00:17:29,579 ~-~-> 00:17:32,399
1071 look at it this way. They'll say, Okay, I'm, I'm trading
1072
1073 269
1074 00:17:32,399 ~-~-> 00:17:36,869
1075 here at a short and my risk is here. So that's my risk.
1076
1077 270
1078 00:17:36,959 ~-~-> 00:17:38,969
1079 Okay, whatever that multiple is, then they start doing this.
1080
1081 271
1082 00:17:38,969 ~-~-> 00:17:42,059
1083 Okay. So, if I get short from that point, there's one or
1084
1085 272
1086 00:17:42,059 ~-~-> 00:17:44,849
1087 there's two artists, three artists for I think that's
1088
1089 273
1090 00:17:44,849 ~-~-> 00:17:47,579
1091 flawed. Okay. And that's the reason why I make fun of folks
1092
1093 274
1094 00:17:47,579 ~-~-> 00:17:50,309
1095 when they want to talk about risk reward models. It really
1096
1097 275
1098 00:17:50,309 ~-~-> 00:17:54,119
1099 should be done on first scaling. Okay, so if I'm getting
1100
1101 276
1102 00:17:54,119 ~-~-> 00:17:58,949
1103 here as an entry and my risk is here, it needs to be enough
1104
1105 277
1106 00:17:59,009 ~-~-> 00:18:03,869
1107 of the Position coming off, that promotes at least two to
1108
1109 278
1110 00:18:03,869 ~-~-> 00:18:11,069
1111 one. So this is one are in terms of risk, whatever that is,
1112
1113 279
1114 00:18:11,339 ~-~-> 00:18:15,869
1115 I have to be able to make two times that in my first profit,
1116
1117 280
1118 00:18:16,529 ~-~-> 00:18:18,869
1119 that's what I'm trying to shoot for. Now, sometimes I'll
1120
1121 281
1122 00:18:18,869 ~-~-> 00:18:21,509
1123 take trades that are just slightly underneath two might be
1124
1125 282
1126 00:18:21,509 ~-~-> 00:18:24,629
1127 like one in three quarters, okay? If I'm really, really
1128
1129 283
1130 00:18:24,629 ~-~-> 00:18:28,979
1131 aggressive and I'm just in a fast market, and we're not even
1132
1133 284
1134 00:18:28,979 ~-~-> 00:18:31,529
1135 past mark, I should say it like this if I'm in a market that
1136
1137 285
1138 00:18:31,559 ~-~-> 00:18:35,099
1139 is indecisive, but I'm already in a position so management,
1140
1141 286
1142 00:18:35,549 ~-~-> 00:18:38,099
1143 I'll, I'll look to take about one and a half percent, but
1144
1145 287
1146 00:18:38,099 ~-~-> 00:18:40,739
1147 I'm really looking for trades that will frame a model that
1148
1149 288
1150 00:18:40,739 ~-~-> 00:18:44,549
1151 will give me around two, okay, so whatever my risk is, from
1152
1153 289
1154 00:18:44,549 ~-~-> 00:18:49,319
1155 here to here, I want to times that from my entry to first
1156
1157 290
1158 00:18:49,319 ~-~-> 00:18:53,369
1159 profit, okay, and that's why I want to get as deep as I can,
1160
1161 291
1162 00:18:54,419 ~-~-> 00:18:58,589
1163 you know, into that 70.5 level, I'm not going to demand 79%
1164
1165 292
1166 00:18:58,589 ~-~-> 00:19:02,789
1167 tracing level. I'm gonna be looking for 70.5 preferably,
1168
1169 293
1170 00:19:02,789 ~-~-> 00:19:06,389
1171 they give me my entry at 62. So that's what I'm looking for.
1172
1173 294
1174 00:19:06,779 ~-~-> 00:19:10,979
1175 So, not all trade scenarios are gonna give me this gearing.
1176
1177 295
1178 00:19:12,149 ~-~-> 00:19:14,699
1179 But the ones that do, they're the ones I'm going to take,
1180
1181 296
1182 00:19:14,999 ~-~-> 00:19:19,889
1183 okay? And obviously, it's not as good if it's on like a
1184
1185 297
1186 00:19:19,919 ~-~-> 00:19:21,869
1187 minor five minute chart, because the range is gonna be very,
1188
1189 298
1190 00:19:21,869 ~-~-> 00:19:25,199
1191 very small, the setups that are on like an hourly chart,
1192
1193 299
1194 00:19:25,679 ~-~-> 00:19:28,409
1195 they're good, because it'll give me enough of a range to get
1196
1197 300
1198 00:19:28,409 ~-~-> 00:19:33,329
1199 close to that two to one, reward the risk. And if I get
1200
1201 301
1202 00:19:33,329 ~-~-> 00:19:37,049
1203 that, everything past that first, scaling out takes care of
1204
1205 302
1206 00:19:37,049 ~-~-> 00:19:40,499
1207 itself. And that's why it's, I laugh when I hear folks
1208
1209 303
1210 00:19:40,499 ~-~-> 00:19:43,559
1211 saying it's stupid to take first profit or scaling out
1212
1213 304
1214 00:19:43,559 ~-~-> 00:19:47,759
1215 profits because your initial risk is x, and then you've
1216
1217 305
1218 00:19:47,759 ~-~-> 00:19:50,369
1219 taken a small profit, yada, yada, well, that's because I'm
1220
1221 306
1222 00:19:50,369 ~-~-> 00:19:53,549
1223 looking for these objectives down here, and it takes care of
1224
1225 307
1226 00:19:53,549 ~-~-> 00:19:57,569
1227 itself. Okay, and it ends up becoming my last portion ends
1228
1229 308
1230 00:19:57,569 ~-~-> 00:20:01,439
1231 up being way more generally Then what I did in my first
1232
1233 309
1234 00:20:01,499 ~-~-> 00:20:05,699
1235 scaling. So it's, it's not, it's not an issue for me to be
1236
1237 310
1238 00:20:05,699 ~-~-> 00:20:08,819
1239 worrying about. And if you see examples of going forward,
1240
1241 311
1242 00:20:08,819 ~-~-> 00:20:11,609
1243 you'll you'll see quickly, there's no reason to be thinking
1244
1245 312
1246 00:20:11,609 ~-~-> 00:20:14,189
1247 it's a bad idea, actually. So
1248
1249 313
1250 00:20:16,230 ~-~-> 00:20:19,470
1251 let's go over to the charts. And I'll give you some examples
1252
1253 314
1254 00:20:19,470 ~-~-> 00:20:22,110
1255 of how quickly and easily you can find these setups. And it
1256
1257 315
1258 00:20:22,110 ~-~-> 00:20:24,270
1259 will give you all kinds of examples of it going forward in
1260
1261 316
1262 00:20:24,270 ~-~-> 00:20:30,750
1263 October. Okay, we're over here@tradingview.com. And
1264
1265 317
1266 00:20:30,870 ~-~-> 00:20:33,210
1267 admittedly, I'm a little clumsy when it comes to this
1268
1269 318
1270 00:20:33,210 ~-~-> 00:20:36,150
1271 platform. I've not been active in using it, but I've been
1272
1273 319
1274 00:20:36,150 ~-~-> 00:20:40,230
1275 practicing with it, so that we can use it as our medium for
1276
1277 320
1278 00:20:40,230 ~-~-> 00:20:44,100
1279 our teachings. So I want to kind of like draw your attention
1280
1281 321
1282 00:20:44,100 ~-~-> 00:20:47,730
1283 to how price on the eurodollar This is a weekly timeframe.
1284
1285 322
1286 00:20:48,630 ~-~-> 00:20:50,550
1287 And price in recent weeks have
1288
1289 323
1290 00:20:51,810 ~-~-> 00:20:52,890
1291 pushed above
1292
1293 324
1294 00:20:54,300 ~-~-> 00:20:58,290
1295 these old Highs over here. Okay. So if we did this on a
1296
1297 325
1298 00:20:58,290 ~-~-> 00:21:02,640
1299 monthly scale, and let's do it just for completeness sake.
1300
1301 326
1302 00:21:05,610 ~-~-> 00:21:07,530
1303 Okay, you can see this pie here.
1304
1305 327
1306 00:21:09,150 ~-~-> 00:21:10,020
1307 Let me zoom in a little bit.
1308
1309 328
1310 00:21:12,600 ~-~-> 00:21:20,910
1311 So we have this high here, and this high comes in at 117 14.
1312
1313 329
1314 00:21:21,480 ~-~-> 00:21:25,500
1315 Okay 117 14 for this particular month. So what I'm going to
1316
1317 330
1318 00:21:25,500 ~-~-> 00:21:32,010
1319 do is I'm going to draw a horizontal line right on it. And
1320
1321 331
1322 00:21:32,010 ~-~-> 00:21:37,140
1323 I'm gonna ask you a question regarding pricing. So if we see
1324
1325 332
1326 00:21:37,140 ~-~-> 00:21:41,400
1327 price trade on this particular month, right here, it trades
1328
1329 333
1330 00:21:41,400 ~-~-> 00:21:46,620
1331 above this high rate above it. Once we go above this old
1332
1333 334
1334 00:21:46,620 ~-~-> 00:21:49,080
1335 high, just think in terms of simple support resistance,
1336
1337 335
1338 00:21:49,080 ~-~-> 00:21:52,800
1339 folks, it's not complicated. When price is above it,
1340
1341 336
1342 00:21:52,920 ~-~-> 00:21:55,050
1343 whatever that price level is, and then we're gonna we've
1344
1345 337
1346 00:21:55,050 ~-~-> 00:21:59,340
1347 already assumed not simply that you figured it out. It was
1348
1349 338
1350 00:21:59,340 ~-~-> 00:22:05,580
1351 174 The markets trade in an algorithmic format. Okay,
1352
1353 339
1354 00:22:05,580 ~-~-> 00:22:10,440
1355 there's price engines that generate, you know, runs on
1356
1357 340
1358 00:22:10,440 ~-~-> 00:22:15,300
1359 pricing, and runs on stops and it's accelerations in price
1360
1361 341
1362 00:22:15,360 ~-~-> 00:22:19,140
1363 and we're delivery skips and jumps to specific areas in
1364
1365 342
1366 00:22:19,530 ~-~-> 00:22:23,820
1367 pricing. The easiest way to understand what that is, is if
1368
1369 343
1370 00:22:23,820 ~-~-> 00:22:27,090
1371 you look at a chart, you can do it like on an hourly chart
1372
1373 344
1374 00:22:27,090 ~-~-> 00:22:31,320
1375 or a 15 minute timeframe. You can see it on all timeframes,
1376
1377 345
1378 00:22:31,320 ~-~-> 00:22:34,110
1379 but really 15 in one minute. If you do it over a course of a
1380
1381 346
1382 00:22:34,110 ~-~-> 00:22:38,490
1383 week, you'll see how price gravitates from a full figure.
1384
1385 347
1386 00:22:38,940 ~-~-> 00:22:44,550
1387 Okay, now that would be an example of like 117 00 to 118 00
1388
1389 348
1390 00:22:44,580 ~-~-> 00:22:48,300
1391 that'd be a full Penny move in the euro dollar. That one
1392
1393 349
1394 00:22:48,300 ~-~-> 00:22:55,710
1395 penny move is broken down algorithmically to the 117 at
1396
1397 350
1398 00:22:55,710 ~-~-> 00:23:02,040
1399 level 117 50 level or mid figure 117. 20 level, and then we
1400
1401 351
1402 00:23:02,040 ~-~-> 00:23:05,820
1403 have 117. Big figure. Okay, so my question to you is this if
1404
1405 352
1406 00:23:05,820 ~-~-> 00:23:09,420
1407 price traces above it, this old high back here because we
1408
1409 353
1410 00:23:09,420 ~-~-> 00:23:13,800
1411 broke through that, this low this high, I'm sorry, this high
1412
1413 354
1414 00:23:13,800 ~-~-> 00:23:18,930
1415 is 117 14. So from an algorithmic standpoint, what price
1416
1417 355
1418 00:23:18,930 ~-~-> 00:23:22,380
1419 level would it want to reach back down into if it's going to
1420
1421 356
1422 00:23:22,380 ~-~-> 00:23:30,690
1423 go down for support? 117 20 because it's just above the
1424
1425 357
1426 00:23:30,690 ~-~-> 00:23:36,180
1427 117 14, right? So, if this high would have been 117, say,
1428
1429 358
1430 00:23:36,360 ~-~-> 00:23:40,620
1431 65, what would the level be? That we, you'd expect to see it
1432
1433 359
1434 00:23:40,650 ~-~-> 00:23:46,470
1435 reach down into for an algorithmic support level 117 50, mid
1436
1437 360
1438 00:23:46,470 ~-~-> 00:23:51,030
1439 figure, okay. So think in terms of that. Okay. And what this
1440
1441 361
1442 00:23:51,030 ~-~-> 00:23:56,850
1443 does is it eliminates all this distraction. Okay, looking at
1444
1445 362
1446 00:23:56,970 ~-~-> 00:24:00,000
1447 ladders and depth of market and all those types of things.
1448
1449 363
1450 00:24:01,410 ~-~-> 00:24:03,630
1451 You can probably swear by and tell me you've done really,
1452
1453 364
1454 00:24:03,630 ~-~-> 00:24:06,360
1455 really well. And that's great. Just like anybody else using
1456
1457 365
1458 00:24:06,360 ~-~-> 00:24:08,640
1459 crossovers and MACD, they can tell me they've done really
1460
1461 366
1462 00:24:08,640 ~-~-> 00:24:12,270
1463 well, too. I'm not telling you that you can't make money
1464
1465 367
1466 00:24:12,270 ~-~-> 00:24:15,180
1467 doing that kind of stuff, I'm just simply suggesting to you,
1468
1469 368
1470 00:24:15,480 ~-~-> 00:24:18,030
1471 there's a much easier approach to doing this, then
1472
1473 369
1474 00:24:18,030 ~-~-> 00:24:22,530
1475 everyone's doing. So we're using an old high here. And while
1476
1477 370
1478 00:24:22,530 ~-~-> 00:24:26,910
1479 the level is 117 14, and the specific high, from an
1480
1481 371
1482 00:24:26,910 ~-~-> 00:24:29,520
1483 algorithmic standpoint, we would look for sensitivity or
1484
1485 372
1486 00:24:29,520 ~-~-> 00:24:34,410
1487 support the form around or at 117 20. Okay, so we're gonna
1488
1489 373
1490 00:24:34,410 ~-~-> 00:24:36,840
1491 leave the level here, and we're gonna drop down into a
1492
1493 374
1494 00:24:36,840 ~-~-> 00:24:41,640
1495 daily. Okay, so we have the one four on 117 14 level on our
1496
1497 375
1498 00:24:41,640 ~-~-> 00:24:48,390
1499 charts. And now I'm going to ask you to consider what is
1500
1501 376
1502 00:24:48,390 ~-~-> 00:24:52,320
1503 going on in reference to the institutional level from an
1504
1505 377
1506 00:24:52,320 ~-~-> 00:24:54,360
1507 algorithmic standpoint. In other words, we looked at our
1508
1509 378
1510 00:24:54,360 ~-~-> 00:24:59,970
1511 pricing model, it's four figure above it, the 20 level above
1512
1513 379
1514 00:25:00,000 ~-~-> 00:25:04,110
1515 That mid figure 50 above that the 80 level institutional.
1516
1517 380
1518 00:25:04,230 ~-~-> 00:25:09,270
1519 And then we have the next full figure, okay, or 118. So if
1520
1521 381
1522 00:25:09,270 ~-~-> 00:25:13,770
1523 we're above price, when it trades above it here, we expect
1524
1525 382
1526 00:25:13,770 ~-~-> 00:25:18,690
1527 to see price find support when it comes back down into the
1528
1529 383
1530 00:25:18,690 ~-~-> 00:25:22,590
1531 20 level. Okay, so now we can adjust this level here and
1532
1533 384
1534 00:25:22,590 ~-~-> 00:25:27,180
1535 show at 117 20. Okay, so 117 20 is the institutional price
1536
1537 385
1538 00:25:27,180 ~-~-> 00:25:30,060
1539 level, from an algorithmic standpoint, prices going to want
1540
1541 386
1542 00:25:30,060 ~-~-> 00:25:32,700
1543 to trade back down to that level. The reason why it does
1544
1545 387
1546 00:25:32,700 ~-~-> 00:25:37,410
1547 that is it allows the market to pick up orders at just below
1548
1549 388
1550 00:25:37,470 ~-~-> 00:25:40,740
1551 or above that level. Okay, there's limit orders there.
1552
1553 389
1554 00:25:40,890 ~-~-> 00:25:44,220
1555 There's their stops there, but generally, it's coming down
1556
1557 390
1558 00:25:44,220 ~-~-> 00:25:47,640
1559 to run stops to pair the orders with smart money's limit
1560
1561 391
1562 00:25:47,640 ~-~-> 00:25:51,930
1563 orders. Okay. Every time you see my chart below the market,
1564
1565 392
1566 00:25:51,930 ~-~-> 00:25:55,050
1567 I'm always referring to it as running sell stops above the
1568
1569 393
1570 00:25:55,050 ~-~-> 00:25:58,710
1571 market, I'm always referring to it as running by stops those
1572
1573 394
1574 00:25:58,710 ~-~-> 00:26:01,710
1575 that are not in the know They will question whether or not
1576
1577 395
1578 00:26:01,710 ~-~-> 00:26:02,700
1579 I'm using the right
1580
1581 396
1582 00:26:04,049 ~-~-> 00:26:07,619
1583 definition. I am using the right definition because I'm
1584
1585 397
1586 00:26:07,619 ~-~-> 00:26:10,679
1587 looking at things from an institutional standpoint, those
1588
1589 398
1590 00:26:11,129 ~-~-> 00:26:14,219
1591 cell stops that are below the marketplace. Smart Money will
1592
1593 399
1594 00:26:14,219 ~-~-> 00:26:20,219
1595 have their buy limits to pair up with those sell stops.
1596
1597 400
1598 00:26:20,309 ~-~-> 00:26:23,939
1599 Okay, so my perspective is not retail. So I'm looking at it
1600
1601 401
1602 00:26:23,939 ~-~-> 00:26:27,779
1603 from an institutional standpoint, from where I'm from. I
1604
1605 402
1606 00:26:27,779 ~-~-> 00:26:31,529
1607 don't look at retail. So if we understand that the market is
1608
1609 403
1610 00:26:31,529 ~-~-> 00:26:36,059
1611 above this 20 level, when it trades down into it, we should
1612
1613 404
1614 00:26:36,059 ~-~-> 00:26:46,649
1615 see the market trade into a support level. That support
1616
1617 405
1618 00:26:46,649 ~-~-> 00:26:51,179
1619 level is going to be defined by some pricing model. And I
1620
1621 406
1622 00:26:51,179 ~-~-> 00:26:54,569
1623 just gave you one. It's very simple. We use the old monthly
1624
1625 407
1626 00:26:54,569 ~-~-> 00:26:58,859
1627 high and we're finding support we want to see price trade
1628
1629 408
1630 00:26:58,859 ~-~-> 00:27:03,419
1631 off of that. Give us a pattern. So now we have a level it's
1632
1633 409
1634 00:27:03,419 ~-~-> 00:27:08,309
1635 been rounded to an institutional level 20 1720 and now we
1636
1637 410
1638 00:27:08,309 ~-~-> 00:27:12,209
1639 can drop down into lower timeframe charts and we'll just
1640
1641 411
1642 00:27:12,209 ~-~-> 00:27:23,189
1643 look at a 15 minute timeframe. Okay and it will okay
1644
1645 412
1646 00:27:27,270 ~-~-> 00:27:27,840
1647 there we are.
1648
1649 413
1650 00:27:31,080 ~-~-> 00:27:35,190
1651 Alright so we have price trading down on the 27th and
1652
1653 414
1654 00:27:35,190 ~-~-> 00:27:38,820
1655 hitting the 20 level notice what it does it hits it and then
1656
1657 415
1658 00:27:38,820 ~-~-> 00:27:43,500
1659 rallies away that rally. This is what you're looking for.
1660
1661 416
1662 00:27:43,530 ~-~-> 00:27:51,810
1663 You want to see it take out a short term high. That is seen
1664
1665 417
1666 00:27:51,900 ~-~-> 00:27:59,340
1667 here. Your short term high. It trades through it once it
1668
1669 418
1670 00:27:59,340 ~-~-> 00:28:07,560
1671 does that, This break above that short term high is a market
1672
1673 419
1674 00:28:07,560 ~-~-> 00:28:12,210
1675 structure break. Okay? So now from an algorithmic standpoint
1676
1677 420
1678 00:28:12,510 ~-~-> 00:28:16,920
1679 to price will want to retrace back down. Once it retraces,
1680
1681 421
1682 00:28:17,280 ~-~-> 00:28:20,550
1683 okay, it's going to pick up more orders and then rally
1684
1685 422
1686 00:28:20,550 ~-~-> 00:28:25,860
1687 again. Okay, we have another break above this short term
1688
1689 423
1690 00:28:25,860 ~-~-> 00:28:31,080
1691 high here. And I'm quite certain you guys that are more
1692
1693 424
1694 00:28:31,080 ~-~-> 00:28:34,620
1695 proficient with trading view, you're probably smile and
1696
1697 425
1698 00:28:34,620 ~-~-> 00:28:37,320
1699 saying he could have done this or that and just made a copy.
1700
1701 426
1702 00:28:37,320 ~-~-> 00:28:41,280
1703 I don't know that yet. Since Give me some time. So we have
1704
1705 427
1706 00:28:41,280 ~-~-> 00:28:45,570
1707 another break here. Okay, so we have short term high broken
1708
1709 428
1710 00:28:46,110 ~-~-> 00:28:50,970
1711 and another high broken now watch. This high being higher
1712
1713 429
1714 00:28:50,970 ~-~-> 00:28:53,910
1715 than this one from a market structure standpoint, short term
1716
1717 430
1718 00:28:53,910 ~-~-> 00:28:58,230
1719 high, intermediate term high. So now when this breaks here,
1720
1721 431
1722 00:28:58,590 ~-~-> 00:29:03,690
1723 we have a much more Solid setup for potential running in
1724
1725 432
1726 00:29:03,690 ~-~-> 00:29:08,070
1727 price higher. Now we have to enter the optimal trade entry.
1728
1729 433
1730 00:29:08,310 ~-~-> 00:29:11,970
1731 Because we already have a consolidation in here, price
1732
1733 434
1734 00:29:11,970 ~-~-> 00:29:16,080
1735 trades away can come back to the consolidation, distribution
1736
1737 435
1738 00:29:16,110 ~-~-> 00:29:22,800
1739 redistribution, smart money reversal, low risk buy. In here
1740
1741 436
1742 00:29:22,800 ~-~-> 00:29:25,890
1743 we're looking for another area to buy, okay, or another area
1744
1745 437
1746 00:29:25,890 ~-~-> 00:29:28,920
1747 of accumulation or re accumulation to take us above this
1748
1749 438
1750 00:29:28,920 ~-~-> 00:29:31,650
1751 consolidation. Now, what I just described to you is a market
1752
1753 439
1754 00:29:31,650 ~-~-> 00:29:35,400
1755 maker by model, simple as that some of you will say, well,
1756
1757 440
1758 00:29:35,400 ~-~-> 00:29:41,400
1759 that's wycoff. Well, I kind of got the idea from looking at
1760
1761 441
1762 00:29:41,400 ~-~-> 00:29:44,250
1763 price action alone. And then when I saw wycoff, describing
1764
1765 442
1766 00:29:44,280 ~-~-> 00:29:48,870
1767 that scenario, it made me feel better that I seen something
1768
1769 443
1770 00:29:48,870 ~-~-> 00:29:52,080
1771 that someone years and years before me was able to see that
1772
1773 444
1774 00:29:52,080 ~-~-> 00:29:55,050
1775 same price structure, but his definitions and things I don't
1776
1777 445
1778 00:29:55,050 ~-~-> 00:29:57,510
1779 use that there's a different approach and folks that went
1780
1781 446
1782 00:29:57,510 ~-~-> 00:30:00,000
1783 through my mentorship know right away. I've challenged them
1784
1785 447
1786 00:30:00,000 ~-~-> 00:30:03,090
1787 Well go through wycoff and see what I was teaching was
1788
1789 448
1790 00:30:03,090 ~-~-> 00:30:06,540
1791 wycoff. It's not it's very similar in terms of the general
1792
1793 449
1794 00:30:06,540 ~-~-> 00:30:10,590
1795 market profile itself, because it's a very generic process,
1796
1797 450
1798 00:30:11,040 ~-~-> 00:30:13,800
1799 markup and discount, it's as simple as that. But the long
1800
1801 451
1802 00:30:13,800 ~-~-> 00:30:23,040
1803 short is the, the run above here, right there. That impulse
1804
1805 452
1806 00:30:23,040 ~-~-> 00:30:28,140
1807 leg is all that's necessary, because now we have a bi
1808
1809 453
1810 00:30:28,380 ~-~-> 00:30:32,880
1811 profile or model that would take us above this
1812
1813 454
1814 00:30:32,880 ~-~-> 00:30:36,000
1815 consolidation. So we would look for this whole price action
1816
1817 455
1818 00:30:36,000 ~-~-> 00:30:39,780
1819 right in here to be traded above, okay, because that's where
1820
1821 456
1822 00:30:39,780 ~-~-> 00:30:43,320
1823 the buy stops are hitting sitting. So smart money buys down
1824
1825 457
1826 00:30:43,320 ~-~-> 00:30:46,170
1827 here at the 20 level. And we would know this level
1828
1829 458
1830 00:30:46,170 ~-~-> 00:30:51,570
1831 beforehand, and it's basically the 118 20 because above this
1832
1833 459
1834 00:30:51,570 ~-~-> 00:30:58,980
1835 high, this high would be 118 10.2 and obviously, above
1836
1837 460
1838 00:30:58,980 ~-~-> 00:31:03,690
1839 118 10 The institutional level will be what 118 20. And that
1840
1841 461
1842 00:31:03,690 ~-~-> 00:31:06,810
1843 would be where smart money would want to exit running those
1844
1845 462
1846 00:31:06,810 ~-~-> 00:31:11,880
1847 buy stops. Why they want to run by stops, because the orders
1848
1849 463
1850 00:31:11,880 ~-~-> 00:31:14,370
1851 they picked up down here going long, and then bought more
1852
1853 464
1854 00:31:14,370 ~-~-> 00:31:17,760
1855 down here. They're long. So they have to have people that
1856
1857 465
1858 00:31:17,760 ~-~-> 00:31:21,180
1859 want to buy it from them at a higher price. So buy stocks,
1860
1861 466
1862 00:31:21,180 ~-~-> 00:31:23,580
1863 it would be above here. Why would there be buy stops there,
1864
1865 467
1866 00:31:23,580 ~-~-> 00:31:27,120
1867 Michael, because folks that are being short. This is the
1868
1869 468
1870 00:31:27,120 ~-~-> 00:31:31,140
1871 last intermediate term high. For anyone that has not trail
1872
1873 469
1874 00:31:31,140 ~-~-> 00:31:33,960
1875 their stop loss lower and got stopped out. They're going to
1876
1877 470
1878 00:31:33,960 ~-~-> 00:31:36,480
1879 make a run on that liquidity right there. Which is a reason
1880
1881 471
1882 00:31:36,480 ~-~-> 00:31:43,440
1883 why the marketing goodbye model is so well. Good. Alright,
1884
1885 472
1886 00:31:43,440 ~-~-> 00:31:45,960
1887 so we're going to look at this little area right in here.
1888
1889 473
1890 00:31:46,800 ~-~-> 00:31:50,070
1891 Okay. And this is going to be the optimal trade entry that
1892
1893 474
1894 00:31:50,070 ~-~-> 00:31:53,580
1895 we're going to talk about Just for tonight. And let's make
1896
1897 475
1898 00:31:53,580 ~-~-> 00:31:54,510
1899 this a little bit
1900
1901 476
1902 00:31:56,100 ~-~-> 00:31:56,610
1903 bigger.
1904
1905 477
1906 00:32:00,510 ~-~-> 00:32:05,040
1907 Okay, so this impulse leg rolling away, and then coming back
1908
1909 478
1910 00:32:05,040 ~-~-> 00:32:08,250
1911 down picking up more orders. That's optimal trade entry.
1912
1913 479
1914 00:32:08,490 ~-~-> 00:32:12,420
1915 That's what it looks like in price. That's the, the
1916
1917 480
1918 00:32:12,600 ~-~-> 00:32:17,610
1919 executable price level you can trade on. Now, I'm going to
1920
1921 481
1922 00:32:17,850 ~-~-> 00:32:23,400
1923 ask you to let me go back to empty for just for the pattern
1924
1925 482
1926 00:32:23,400 ~-~-> 00:32:25,620
1927 sake, but I wanted you to see how it can be shown on
1928
1929 483
1930 00:32:25,800 ~-~-> 00:32:28,920
1931 tradingview. It's not just simply a, an empty four trick
1932
1933 484
1934 00:32:28,920 ~-~-> 00:32:32,520
1935 pony. It's, it's there as well. But I want to go over to Mt
1936
1937 485
1938 00:32:32,520 ~-~-> 00:32:35,940
1939 four because I'm a little bit more efficient with that
1940
1941 486
1942 00:32:36,600 ~-~-> 00:32:40,920
1943 charting platform. And then we'll go into looking at the
1944
1945 487
1946 00:32:40,920 ~-~-> 00:32:47,580
1947 example. Okay, so we're over Mt. Four, and it's kind of
1948
1949 488
1950 00:32:47,580 ~-~-> 00:32:52,110
1951 like, re define what we've already discussed. This is the
1952
1953 489
1954 00:32:52,110 ~-~-> 00:32:57,390
1955 old monthly high. Okay 117 14. And price was coming down
1956
1957 490
1958 00:32:57,420 ~-~-> 00:33:01,080
1959 away from higher levels, and we had a Short term low here.
1960
1961 491
1962 00:33:01,560 ~-~-> 00:33:03,960
1963 And we had a little bit of a rally in there. And folks who
1964
1965 492
1966 00:33:03,960 ~-~-> 00:33:10,320
1967 try to capture old lows or try to capture any advancement
1968
1969 493
1970 00:33:10,320 ~-~-> 00:33:12,960
1971 higher. If they're lucky enough to get in and see a little
1972
1973 494
1974 00:33:12,960 ~-~-> 00:33:15,960
1975 bit of profit. They obviously fall in love with it, they
1976
1977 495
1978 00:33:15,960 ~-~-> 00:33:19,830
1979 marry the vein, the expression is and obviously there's
1980
1981 496
1982 00:33:19,860 ~-~-> 00:33:22,260
1983 their stock would be wrestling below that. So the market
1984
1985 497
1986 00:33:22,260 ~-~-> 00:33:27,090
1987 trades down into that 20 level institutional level, picks up
1988
1989 498
1990 00:33:27,120 ~-~-> 00:33:31,470
1991 orders right in here. Okay, runs hits that and then rallies
1992
1993 499
1994 00:33:31,470 ~-~-> 00:33:35,130
1995 through breaking this short term structure high. When it
1996
1997 500
1998 00:33:35,130 ~-~-> 00:33:38,280
1999 does that we have a market structure break. We wait for a
2000
2001 501
2002 00:33:38,280 ~-~-> 00:33:42,690
2003 retracement lower. Okay. Now the first time it does this,
2004
2005 502
2006 00:33:43,620 ~-~-> 00:33:48,990
2007 you're going to maybe lose the low risk buy for a market
2008
2009 503
2010 00:33:48,990 ~-~-> 00:33:54,570
2011 maker by model. The consolidation here, the runaway come
2012
2013 504
2014 00:33:54,570 ~-~-> 00:33:58,020
2015 back to the consolidation, distribution, smart money
2016
2017 505
2018 00:33:58,020 ~-~-> 00:34:03,450
2019 reversal. Low Risk bye re accumulation. That's where we're
2020
2021 506
2022 00:34:03,450 ~-~-> 00:34:07,380
2023 looking for the next area of accumulation. So this short
2024
2025 507
2026 00:34:07,380 ~-~-> 00:34:11,310
2027 term high being broken. Here, we made sure that this is a
2028
2029 508
2030 00:34:11,310 ~-~-> 00:34:13,710
2031 higher high than this one. So this is an intermediate term
2032
2033 509
2034 00:34:13,710 ~-~-> 00:34:19,470
2035 high. Okay. My old tutorials brought out concept I picked up
2036
2037 510
2038 00:34:19,470 ~-~-> 00:34:23,280
2039 from Larry Williams, which is my mentor. Back in the 90s. He
2040
2041 511
2042 00:34:23,280 ~-~-> 00:34:27,360
2043 taught market structure and high that has two lower highs on
2044
2045 512
2046 00:34:27,360 ~-~-> 00:34:31,050
2047 either side of it. It makes that pie in the middle, a
2048
2049 513
2050 00:34:31,440 ~-~-> 00:34:36,090
2051 significant high as it nests out. It gives us a market
2052
2053 514
2054 00:34:36,090 ~-~-> 00:34:40,590
2055 structure model. Here, this high beam broken right there is
2056
2057 515
2058 00:34:40,590 ~-~-> 00:34:43,980
2059 much more convincing than the short term here without
2060
2061 516
2062 00:34:43,980 ~-~-> 00:34:46,830
2063 understanding everything I'm giving you here's an outline,
2064
2065 517
2066 00:34:47,340 ~-~-> 00:34:51,120
2067 or understanding the expectation of how orders are stacking
2068
2069 518
2070 00:34:51,120 ~-~-> 00:34:53,880
2071 around higher timeframe key levels, and understanding
2072
2073 519
2074 00:34:53,880 ~-~-> 00:34:56,100
2075 algorithmic price models because that's what I'm teaching
2076
2077 520
2078 00:34:56,100 ~-~-> 00:34:59,730
2079 here tonight. From a very basic approach. This is all stuff
2080
2081 521
2082 00:34:59,730 ~-~-> 00:35:02,730
2083 I taught In my free tutorials, sniper, and position trading
2084
2085 522
2086 00:35:02,730 ~-~-> 00:35:07,230
2087 concepts and all the other stuff in between. But this rally
2088
2089 523
2090 00:35:07,230 ~-~-> 00:35:11,700
2091 right in here, this impulse leg, right there is all that we
2092
2093 524
2094 00:35:11,700 ~-~-> 00:35:19,380
2095 would be looking for. So this move up, when price trades up
2096
2097 525
2098 00:35:20,520 ~-~-> 00:35:24,330
2099 and creates the high what it's doing is it's making a more
2100
2101 526
2102 00:35:24,750 ~-~-> 00:35:28,080
2103 convincing run above this high. So it's a market structure
2104
2105 527
2106 00:35:28,080 ~-~-> 00:35:31,290
2107 break on an intermediate term high. So it's much much more
2108
2109 528
2110 00:35:31,290 ~-~-> 00:35:34,740
2111 reliable. So the retracement on that it's going to be much
2112
2113 529
2114 00:35:34,740 ~-~-> 00:35:37,620
2115 more significant. So when we look at price moves, we want to
2116
2117 530
2118 00:35:37,620 ~-~-> 00:35:40,260
2119 look at the price move on the bodies of the candles. I
2120
2121 531
2122 00:35:40,260 ~-~-> 00:35:42,900
2123 taught this in my tutorials. The wicks are always going to
2124
2125 532
2126 00:35:42,900 ~-~-> 00:35:46,080
2127 be the thinnest price action. Okay, and if you look at
2128
2129 533
2130 00:35:46,080 ~-~-> 00:35:51,390
2131 everyone's price across all different platforms and brokers,
2132
2133 534
2134 00:35:51,840 ~-~-> 00:35:55,320
2135 the part that's always different that throws everyone off is
2136
2137 535
2138 00:35:55,320 ~-~-> 00:35:58,410
2139 the Wix because the broker is allowed to have some measure
2140
2141 536
2142 00:35:58,440 ~-~-> 00:36:03,240
2143 of flexibility. say that's the polite way of saying it,
2144
2145 537
2146 00:36:03,570 ~-~-> 00:36:05,940
2147 where they can spread price a little bit more. So you're
2148
2149 538
2150 00:36:05,940 ~-~-> 00:36:08,400
2151 already getting a derivative of price from an interbank feed
2152
2153 539
2154 00:36:08,400 ~-~-> 00:36:12,660
2155 anyway, but the discrepancy between that and what you see at
2156
2157 540
2158 00:36:12,660 ~-~-> 00:36:17,400
2159 your broker is many times way off, okay? And you sign your
2160
2161 541
2162 00:36:17,400 ~-~-> 00:36:19,980
2163 agreement to that when you set up your account, you're
2164
2165 542
2166 00:36:20,010 ~-~-> 00:36:23,940
2167 allowing that to occur. Okay, so you can cry about it. They
2168
2169 543
2170 00:36:23,940 ~-~-> 00:36:25,800
2171 did this to me, they did that to me, but you really gave
2172
2173 544
2174 00:36:25,800 ~-~-> 00:36:28,590
2175 them permission. So it is what it is. Alright, so this rally
2176
2177 545
2178 00:36:28,590 ~-~-> 00:36:30,450
2179 up we're looking at, we're going to put on the bodies of
2180
2181 546
2182 00:36:30,450 ~-~-> 00:36:36,210
2183 candles. Up here, this is the highest body right there. This
2184
2185 547
2186 00:36:36,240 ~-~-> 00:36:38,220
2187 candle right there and we're going to look at that as the
2188
2189 548
2190 00:36:38,220 ~-~-> 00:36:41,880
2191 open to open is 117 99
2192
2193 549
2194 00:36:44,010 ~-~-> 00:36:48,510
2195 so that's where our fit will be dropped right there. Okay,
2196
2197 550
2198 00:36:48,870 ~-~-> 00:36:52,410
2199 well let go. So now what happens is price rallies through
2200
2201 551
2202 00:36:52,470 ~-~-> 00:36:56,280
2203 impulse leg up and it drops back down. Look how nicely it
2204
2205 552
2206 00:36:56,280 ~-~-> 00:36:59,460
2207 gives another little bounce rate their trades back up
2208
2209 553
2210 00:36:59,460 ~-~-> 00:37:03,030
2211 higher. it spends all this time on a 15 minute timeframe,
2212
2213 554
2214 00:37:03,360 ~-~-> 00:37:06,720
2215 this is going to chop traders with no patience up, they're
2216
2217 555
2218 00:37:06,720 ~-~-> 00:37:09,180
2219 gonna get scared every time it comes down. Or when it starts
2220
2221 556
2222 00:37:09,180 ~-~-> 00:37:11,130
2223 to rally like this, they jam their stop loss right on the
2224
2225 557
2226 00:37:11,160 ~-~-> 00:37:14,160
2227 next this low here and then look at it does eventually comes
2228
2229 558
2230 00:37:14,160 ~-~-> 00:37:17,940
2231 and hits it you have to give the price, freedom to trade
2232
2233 559
2234 00:37:18,030 ~-~-> 00:37:20,460
2235 from where you're trying to get in at to your stop, let it
2236
2237 560
2238 00:37:20,460 ~-~-> 00:37:24,240
2239 go to full stop. It's there for a reason to protect you. But
2240
2241 561
2242 00:37:24,240 ~-~-> 00:37:27,030
2243 if you don't give it room to breathe, you're never going to
2244
2245 562
2246 00:37:27,030 ~-~-> 00:37:31,710
2247 give these markets, the ample room it needs to gyrate and
2248
2249 563
2250 00:37:31,710 ~-~-> 00:37:35,430
2251 then expand towards your targets. So the same Fibonacci
2252
2253 564
2254 00:37:35,430 ~-~-> 00:37:38,580
2255 settings, okay, nothing's different here. When trades up to
2256
2257 565
2258 00:37:38,580 ~-~-> 00:37:40,950
2259 this price level right there or just below it, there's your
2260
2261 566
2262 00:37:40,950 ~-~-> 00:37:44,640
2263 first profit. Okay, so what if you're trying to get in at
2264
2265 567
2266 00:37:44,640 ~-~-> 00:37:49,680
2267 70.5 or 62% trace level, this movement here you got to see
2268
2269 568
2270 00:37:49,680 ~-~-> 00:37:56,400
2271 at least two of that. One, two, okay. First profit scale
2272
2273 569
2274 00:37:56,400 ~-~-> 00:38:00,780
2275 off, put your stop to break even let it go. Price trades up
2276
2277 570
2278 00:38:00,780 ~-~-> 00:38:04,740
2279 to the first target. You scale something off their trades to
2280
2281 571
2282 00:38:04,740 ~-~-> 00:38:07,170
2283 this level here, you can scale something off there and trade
2284
2285 572
2286 00:38:07,200 ~-~-> 00:38:11,130
2287 up to symmetrical price swing hits that. Okay. And then look
2288
2289 573
2290 00:38:11,130 ~-~-> 00:38:14,100
2291 at the reaction after that all the way back down. You think
2292
2293 574
2294 00:38:14,100 ~-~-> 00:38:18,720
2295 that's by happenstance? It's no coincidence? No, it's going
2296
2297 575
2298 00:38:18,720 ~-~-> 00:38:22,020
2299 to an area of liquidity. We have a bearish order block here.
2300
2301 576
2302 00:38:22,290 ~-~-> 00:38:25,620
2303 overlaps at Target to really nice move there. But look at
2304
2305 577
2306 00:38:25,620 ~-~-> 00:38:27,480
2307 this short term high here. What do you think's resting above
2308
2309 578
2310 00:38:27,480 ~-~-> 00:38:31,140
2311 that? Buy stops. Now, there's going to be some out there
2312
2313 579
2314 00:38:31,140 ~-~-> 00:38:33,060
2315 that don't understand what I'm teaching because they don't
2316
2317 580
2318 00:38:33,360 ~-~-> 00:38:35,580
2319 see things from an institutional standpoint, you'd have no
2320
2321 581
2322 00:38:35,580 ~-~-> 00:38:40,530
2323 idea how to look at it like this. But there is trailed by
2324
2325 582
2326 00:38:40,530 ~-~-> 00:38:43,350
2327 stops that don't get trailed down here. Not everyone carries
2328
2329 583
2330 00:38:43,350 ~-~-> 00:38:47,220
2331 that model where they got to jam it up seven ticks above the
2332
2333 584
2334 00:38:47,220 ~-~-> 00:38:50,490
2335 recent high when they're bearish. That's what retail does.
2336
2337 585
2338 00:38:51,510 ~-~-> 00:38:54,780
2339 Longer term trending models. They have their stops farther
2340
2341 586
2342 00:38:54,780 ~-~-> 00:38:57,390
2343 back, okay. And this is one that we've been targeted, and
2344
2345 587
2346 00:38:57,390 ~-~-> 00:39:00,780
2347 here's another one as well. Okay. And it over. laughs with
2348
2349 588
2350 00:39:01,200 ~-~-> 00:39:04,140
2351 the symmetrical price swing that we have on our fit, okay,
2352
2353 589
2354 00:39:04,170 ~-~-> 00:39:07,200
2355 which is a 100% measured move of whatever the impulse swing
2356
2357 590
2358 00:39:07,200 ~-~-> 00:39:11,670
2359 is, this low to this body high is the same thing from that
2360
2361 591
2362 00:39:11,700 ~-~-> 00:39:15,480
2363 body's high all the up to this level, it's 100%. The same in
2364
2365 592
2366 00:39:15,480 ~-~-> 00:39:18,270
2367 terms of pips and range, it's the same thing from this price
2368
2369 593
2370 00:39:18,270 ~-~-> 00:39:23,340
2371 point to here added to this, and you get that very, very
2372
2373 594
2374 00:39:23,340 ~-~-> 00:39:29,190
2375 precise, very, very precision based trading, it reaches for
2376
2377 595
2378 00:39:30,000 ~-~-> 00:39:33,180
2379 the 20 level. Okay, you know, how much work there was around
2380
2381 596
2382 00:39:33,180 ~-~-> 00:39:39,570
2383 it near the 20, a lot of 20 2020. So, the market will gyrate
2384
2385 597
2386 00:39:39,660 ~-~-> 00:39:44,130
2387 and work around these levels here. Okay, this is one penny
2388
2389 598
2390 00:39:44,130 ~-~-> 00:39:47,670
2391 move in the euro. said, look at the sensitivity around the
2392
2393 599
2394 00:39:47,670 ~-~-> 00:39:51,870
2395 20 level. It trades up to and consolidate, consolidate a
2396
2397 600
2398 00:39:51,870 ~-~-> 00:39:53,670
2399 little bit and get another optimal trade entry right in
2400
2401 601
2402 00:39:53,670 ~-~-> 00:39:58,500
2403 here. From this impulse like up, rallies again, what's it
2404
2405 602
2406 00:39:58,500 ~-~-> 00:40:01,590
2407 doing it near the 50 level It's not exactly 50. Michael
2408
2409 603
2410 00:40:01,590 ~-~-> 00:40:05,940
2411 Exactly. Because at these levels at 50, there's orders that
2412
2413 604
2414 00:40:05,940 ~-~-> 00:40:10,380
2415 are just above it, or just below it, or at the 50 level,
2416
2417 605
2418 00:40:10,770 ~-~-> 00:40:13,980
2419 just like we have at the 20 level, it can be at the level,
2420
2421 606
2422 00:40:14,550 ~-~-> 00:40:17,730
2423 above the 20, a little bit or below it, everyone's going to
2424
2425 607
2426 00:40:17,730 ~-~-> 00:40:21,210
2427 have orders that are close proximity to these specific
2428
2429 608
2430 00:40:21,210 ~-~-> 00:40:24,600
2431 levels. That's why the algorithm reaches for them. Now,
2432
2433 609
2434 00:40:24,630 ~-~-> 00:40:27,420
2435 institutions like these levels, from a generic standpoint,
2436
2437 610
2438 00:40:27,420 ~-~-> 00:40:29,460
2439 because it makes it easy for them to price their models and
2440
2441 611
2442 00:40:30,720 ~-~-> 00:40:35,610
2443 we had the old high at 117 14. That's an odd number. So look
2444
2445 612
2446 00:40:35,610 ~-~-> 00:40:38,460
2447 for the manipulation here, stop running a breaking Mark
2448
2449 613
2450 00:40:38,460 ~-~-> 00:40:42,540
2451 structure rally. When we have that, anticipate some measure
2452
2453 614
2454 00:40:42,540 ~-~-> 00:40:45,210
2455 of buying, and then wait for the intermediate term, highly
2456
2457 615
2458 00:40:45,210 ~-~-> 00:40:47,700
2459 broken here, you're going to lose all this. There's nothing
2460
2461 616
2462 00:40:47,700 ~-~-> 00:40:49,950
2463 wrong with that. But if you want high probability, and you
2464
2465 617
2466 00:40:49,950 ~-~-> 00:40:52,230
2467 want confirmation, and I'm holding my fingers up in
2468
2469 618
2470 00:40:52,230 ~-~-> 00:40:54,780
2471 quotations, you want confirmation. This is what it looks
2472
2473 619
2474 00:40:54,780 ~-~-> 00:40:57,360
2475 like. Yeah, I have an intermediate term high broken with
2476
2477 620
2478 00:40:57,360 ~-~-> 00:41:00,630
2479 market structure, and then do everything listed here. You
2480
2481 621
2482 00:41:00,630 ~-~-> 00:41:04,530
2483 have a complete trading model targets, how to know when to
2484
2485 622
2486 00:41:04,530 ~-~-> 00:41:08,610
2487 do it using a higher timeframe level, what to reach for?
2488
2489 623
2490 00:41:09,270 ~-~-> 00:41:12,870
2491 While you have to look for a high to run through, okay, so
2492
2493 624
2494 00:41:12,870 ~-~-> 00:41:15,210
2495 if you're buying low, you want to sell high high, where do
2496
2497 625
2498 00:41:15,210 ~-~-> 00:41:18,600
2499 you sell high, just find it on high somewhere, okay, and do
2500
2501 626
2502 00:41:18,600 ~-~-> 00:41:22,140
2503 it in that scope that as we outlined here, this is one
2504
2505 627
2506 00:41:22,140 ~-~-> 00:41:24,420
2507 example you see any other examples of these going forward,
2508
2509 628
2510 00:41:24,420 ~-~-> 00:41:28,080
2511 but this is this one that is available to you and you can
2512
2513 629
2514 00:41:28,080 ~-~-> 00:41:31,770
2515 see it in your own charts and study and seek it in other
2516
2517 630
2518 00:41:31,770 ~-~-> 00:41:35,280
2519 pairs throughout this week that we've had and find similar
2520
2521 631
2522 00:41:35,280 ~-~-> 00:41:38,820
2523 examples of this even looking for for shorts as well. But
2524
2525 632
2526 00:41:38,820 ~-~-> 00:41:42,180
2527 this is going to complete this first introduction to optimal
2528
2529 633
2530 00:41:42,180 ~-~-> 00:41:45,030
2531 trade entries as your first time here. This is what it looks
2532
2533 634
2534 00:41:45,030 ~-~-> 00:41:48,240
2535 like. Coming back down into it here. That's the buy. Okay,
2536
2537 635
2538 00:41:48,330 ~-~-> 00:41:52,170
2539 you can buy here or here and look at the dynamic real
2540
2541 636
2542 00:41:52,260 ~-~-> 00:41:55,410
2543 reaction. Now with this like it is on the chart. I'm going
2544
2545 637
2546 00:41:55,410 ~-~-> 00:41:57,930
2547 to drop down into an hourly chart and you'll see why I like
2548
2549 638
2550 00:41:57,930 ~-~-> 00:42:00,960
2551 the hourly setups because they're much cleaner. A lot of
2552
2553 639
2554 00:42:00,960 ~-~-> 00:42:04,500
2555 noise when these lower timeframes, but same impulse like
2556
2557 640
2558 00:42:04,500 ~-~-> 00:42:09,270
2559 here, and it comes right down, hits beautifully here, the
2560
2561 641
2562 00:42:09,270 ~-~-> 00:42:11,610
2563 body's respecting the candle. I'm sorry, the body's
2564
2565 642
2566 00:42:11,610 ~-~-> 00:42:14,010
2567 respecting the fifth level, not that the third level is
2568
2569 643
2570 00:42:14,010 ~-~-> 00:42:17,190
2571 giving them isn't a magic in a fib. It's just giving a
2572
2573 644
2574 00:42:17,190 ~-~-> 00:42:23,160
2575 specific framework for us from the best perspective we can
2576
2577 645
2578 00:42:23,160 ~-~-> 00:42:28,050
2579 have not being on an interbank level institution where you
2580
2581 646
2582 00:42:28,050 ~-~-> 00:42:29,880
2583 can actually see because you're not seeing these orders,
2584
2585 647
2586 00:42:29,880 ~-~-> 00:42:32,820
2587 folks, you're not you know, that's why I laugh when folks
2588
2589 648
2590 00:42:32,820 ~-~-> 00:42:37,050
2591 will say, you know, I'm looking at, you know, well, I said,
2592
2593 649
2594 00:42:37,050 ~-~-> 00:42:38,580
2595 I wasn't gonna do those types of things. I'm not going to
2596
2597 650
2598 00:42:38,670 ~-~-> 00:42:41,190
2599 belittle anybody else. Because if you're making money doing
2600
2601 651
2602 00:42:41,190 ~-~-> 00:42:43,650
2603 what you're doing, you know, God bless you. That's why I
2604
2605 652
2606 00:42:43,650 ~-~-> 00:42:46,830
2607 like forex, because I understand the animal and the things
2608
2609 653
2610 00:42:46,830 ~-~-> 00:42:49,980
2611 that everyone hopes they can see in the little gimmicks and
2612
2613 654
2614 00:42:49,980 ~-~-> 00:42:53,280
2615 their indicators. That's what makes the opportunity because
2616
2617 655
2618 00:42:53,280 ~-~-> 00:42:58,620
2619 it's there for us to take because it's giving a sentiment
2620
2621 656
2622 00:42:58,800 ~-~-> 00:43:04,140
2623 it's providing an In molding, a traders mind or a trader
2624
2625 657
2626 00:43:04,140 ~-~-> 00:43:07,050
2627 sentiment about a market? And what are they going to do?
2628
2629 658
2630 00:43:08,100 ~-~-> 00:43:11,160
2631 instinctively, they're going to react. And I don't react, I
2632
2633 659
2634 00:43:11,160 ~-~-> 00:43:13,860
2635 anticipate. And that's what we're going to teach using just
2636
2637 660
2638 00:43:13,890 ~-~-> 00:43:16,770
2639 one simple pattern, optimal trade entry. And you'll see that
2640
2641 661
2642 00:43:16,770 ~-~-> 00:43:19,290
2643 that's all you really need. You've never needed anything
2644
2645 662
2646 00:43:19,290 ~-~-> 00:43:24,390
2647 more than that. But I asked back then you things 2012 if you
2648
2649 663
2650 00:43:24,390 ~-~-> 00:43:29,160
2651 want to go deeper, and 660 some of you went really deep
2652
2653 664
2654 00:43:29,190 ~-~-> 00:43:31,890
2655 night they know everything I know. I'm not teaching another
2656
2657 665
2658 00:43:31,890 ~-~-> 00:43:34,740
2659 mentor ship, to please don't ask me people are still asking.
2660
2661 666
2662 00:43:35,220 ~-~-> 00:43:38,490
2663 That's going to be the first introduction to it. Obviously,
2664
2665 667
2666 00:43:38,490 ~-~-> 00:43:42,210
2667 it'll be much more refined and structured as we go forward.
2668
2669 668
2670 00:43:42,210 ~-~-> 00:43:45,720
2671 But this is certainly good enough. And it really gives you
2672
2673 669
2674 00:43:45,720 ~-~-> 00:43:49,830
2675 an encapsulated view of an entire breakdown from an
2676
2677 670
2678 00:43:49,830 ~-~-> 00:43:53,670
2679 institutional price move, how institutions work inside the
2680
2681 671
2682 00:43:53,670 ~-~-> 00:43:57,540
2683 model of how price is being delivered, and why it should go,
2684
2685 672
2686 00:43:57,540 ~-~-> 00:43:59,730
2687 where it's going and what the setup look like and where they
2688
2689 673
2690 00:43:59,730 ~-~-> 00:44:03,510
2691 occur. But you have to understand how the algorithm that
2692
2693 674
2694 00:44:03,510 ~-~-> 00:44:07,740
2695 makes the price engines drive up and down. They dropped down
2696
2697 675
2698 00:44:07,740 ~-~-> 00:44:11,580
2699 to allow traders to pick up orders at very, very, very low
2700
2701 676
2702 00:44:11,580 ~-~-> 00:44:16,680
2703 pricing. And then it rallies up to allow traders to get out
2704
2705 677
2706 00:44:16,710 ~-~-> 00:44:20,370
2707 at very high prices. So in between there, there's
2708
2709 678
2710 00:44:20,370 ~-~-> 00:44:23,400
2711 opportunities to trade. You don't see them because you're
2712
2713 679
2714 00:44:23,400 ~-~-> 00:44:27,480
2715 not trained or taught from any retail perspective. But I
2716
2717 680
2718 00:44:27,480 ~-~-> 00:44:31,140
2719 just gave you here is exactly how bank level traders trade
2720
2721 681
2722 00:44:31,200 ~-~-> 00:44:34,320
2723 and anybody that says different simply doesn't know anything
2724
2725 682
2726 00:44:34,320 ~-~-> 00:44:36,900
2727 for what you're talking about. So until next time, wish good
2728
2729 683
2730 00:44:36,900 ~-~-> 00:44:39,180
2731 luck, good trading, and I'll catch up with you next week.