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Version 1.1 by Drunk Monkey on 2020-11-20 16:05
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3 ICT: folks, welcome back, this teachings coming up
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7 specifically dealing with secrets of swing trading.
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11 All right swing trading, okay, the points of focus in this
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15 module will teach you how to map by conditions and
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19 implementing the optimal trade entry. And we teaching you
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23 how to map sell conditions and implement the optimal trade
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27 entry. Okay, folks, we're looking at the Aussie dollar. This
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31 is a daily chart. I'm going to be using this currency pair.
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35 This works on all currency pairs, all markets, all asset
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39 classes as well. So before we get into it, I think One of
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43 the most repeating questions I get, by way of folks that are
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47 following me on Twitter, Facebook and on YouTube is they
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51 need to know or they feel they need to know, the daily bias.
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55 What should I do today, if I just knew, ICT, if I just knew
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59 what the bias is going to be tomorrow, I knew I would be
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63 speed profitable in my demo account, I knew I'd see the
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67 positive return in my time. And while there's several things
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71 that we can do to arrive at daily bias, in my mentorship, I
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75 teach institutional order flow in great detail. But that's
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79 not what I'm teaching you here. But I will give you a real
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83 quick approach that it's not going to be as time sensitive.
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87 And by that, I mean, you won't catch the turning points with
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91 it. Okay. You're going to get the meat of the moves. And
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95 that's all that's you're really required. Really they do
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99 very well. There's other tools and concepts that we can use
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103 to warn ourselves of potential turning points of the
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107 likelihood of a reversal. But before we get into it, I just
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111 wanted to make mention of that, because I know there's a lot
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115 of folks that see my videos, and they come away with the
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119 understanding that you have to have the bias every single
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123 day. And you don't, you don't need to know that you just
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127 need to know the few times a month, or a couple times a
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131 week, when it's really loaded in one direction over the
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135 other, and in trading those conditions. And I think if you
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139 do that your demo account results would be much more
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143 encouraging. And your time spent practicing will be a lot
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147 more fruitful. So when we look at price action, there's a
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151 couple things that I want to kind of remind you of. There
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155 are times when the market moves in trending environments
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159 where it moves directionally. Then the market goes into
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163 consolidation and then it trends again, Well, those two
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167 conditions are very easy to see if you just relax and try
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171 not to overcomplicate it. Now, there are specific rules in
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175 finding key support resistance levels. And we mentioned a
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179 few of those in the higher timeframe concepts video that you
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183 should have watched prior to this one. But I believe that
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187 it's easier for me to teach you how to find the bias by
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191 teaching you how to stay on the side of higher timeframe
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195 momentum. Okay. And while I am not a supporter, if you will,
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199 of indicators, it's gonna seem sacrilegious for me to put an
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203 indicator on my chart, like you're gonna see tonight, but I
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207 think it's a good crutch. It helps traders find their way if
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211 you will, on a directionally Guess, trending environment. So
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215 the way I use this is I incorporate two moving averages.
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219 Okay, now I don't require using a moving average. But I
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223 think the smoothing effect
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227 of the moving average over price action on a higher time
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231 frame daily chart will help at least build an understanding
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235 of where you should. Really quickly just looking at chart
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239 real quick with the moving averages, it'll help you stay on
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243 one side of the marketplace. Now the benefit of it is only
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247 derived at by having it on a daily chart. As soon as you
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251 start applying this to like a five minute chart or a one
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255 minute chart, the reliability really goes out the window in
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259 my opinion. So why is there any significance of a moving
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263 average or two moving averages placed on a daily chart?
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267 Well, because the daily chart really is the most widely
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271 followed chart in the banking sector. So when we're looking
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275 for an intermediate term, level of momentum is going to be
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279 found on the daily chart. So if we want to be trading in
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283 intermediate term momentum, and it's exactly where the banks
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287 are be looking at that timeframe, then it goes without
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291 saying that there should be a high probability of well,
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295 Confluence with that idea. And what we see in price action.
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299 So, I've taught in the past the nine and 18, and an 18 and
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303 40. But I'm going to give you one, it's really simple. And
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307 it's the 10 and 20 period. Okay, and the red line here, is
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311 going to delineate the 20 period.
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315 Okay, and
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319 the green level here is going to delineate the 10 level.
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323 Okay, so it's 10 period, and a 20, period, moving average.
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327 Okay. And I'll let you see what these settings are. So you
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331 guys can relax and know what they are. It's exponential
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335 moving average 20 period on the close. And the other one is
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339 a 10 period exponential on the close. Okay. So that way, you
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343 have everything that's on my chart now. Now on a daily
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347 chart, all we're looking for is preferably the market
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351 leaving a consolidation. I think everyone would agree that
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355 this is consolidation here. And price has left the
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359 consolidation by breaking a swing high here, and also we
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363 have the crossover on the moving average. So right there.
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367 This is what I want you to do. This is how you map out your
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371 bullish. Well in this case, it's a bullish condition, and
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375 you drag that rectangle all the way up until a point of
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379 which where it crosses below the 2010 or 10 drops down
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383 below. We can't look for any buys in here after this point
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387 until we see the daily trade back above With the 10 period
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391 above the 20, period, okay, it's a real simple little
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395 momentum filter, okay? It's not to hang everything on it.
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399 Okay, but for sake of finding swing trades, I'm going to
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403 incorporate a couple things here and you'll see how fast and
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407 easy you can get to a bias trading on one side of the
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411 marketplace only, and incorporating some of the things I've
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415 already taught you. So we have the bias shifting to a
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419 bullish condition here, with the 10 period going over the 20
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423 period on the daily chart, again, it's important that you
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427 only do this on the daily chart, try not to do this on your
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431 five and 15 in one minute charts. But we have this
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435 condition, we can drop down into an hourly chart now why an
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439 hourly chart, hourly chart to me is a real good swing
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443 trading timeframe. Okay, so you'll be able to see everything
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447 that's important from a weekly basis or daily basis. But to
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451 me 60 minutes or more swing trading, ideal scenario. So what
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455 we're gonna do is we're going to go over here in the lower
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459 left hand corner,
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463 there's a little tiny
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467 I guess it's a little half triangle. You drag that over to
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471 the beginning of your shaded area that you've delineated, or
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475 the 10 crosses over the 20. And we're leaving, okay? A
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479 consolidation we have breaking market structure here. So we
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483 have potential bullishness, and it's as important the 10
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487 period is pointing higher and 20 periods pointing higher.
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491 And the 10 is opening up and spreading away from the 20.
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495 Okay, this is called stalking. Okay, so whenever these two
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499 averages are opening up and pointing up, it's stalking. When
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503 it's bearish, like it is over here, when the 10 periods
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507 below the 20 period, and it's opening up and both are
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511 pointing down, again is called stalking, that's when the
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515 conditions are optimal. Okay. So we have really strong
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519 momentum here. Now if we drop down into a 60 minute chart,
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523 it'll take us immediately down into the beginning of this
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527 shaded point here. Now here's where it's important that you
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531 Along with the optimal trade entry, once we're in this
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535 shaded area, price has to be above the red line and have
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539 moved away made a swing high. After an impulse leg moving
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543 higher, so there's no words we have to see price moving
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547 higher, above the red line. And we're gonna be looking for
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551 optimal trade entries when it retraces back into a previous
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555 swing low. Here prices below the red line, we cannot take
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559 anything there. So we missed this move here, which is fine.
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563 If we look at this scenario back here, I kind of like want
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567 to bring your attention here. If we look at this, move up,
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571 if we drop our fib on that, I'm going to show you what you
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575 would have had to sit through if you did something like
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579 this. Okay, here's your swing, impulse leg and optimal trade
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583 entries down You have to sift through all of this before the
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587 finally the move takes place. Okay? I don't want you doing
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591 that. Even though this is a scenario that worked out pretty
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595 good and we've gotten a symmetrical price swing. That's not
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599 the setup I want you to see, or at least hunt. What I want
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603 you to look for is when price is above the red 20 period,
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607 and it makes an impulse leg and it comes back down to an
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611 optimal trade entry long. Okay, we don't have it here. I'm
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615 going to spare you putting a fib on because this didn't get
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619 down to it. And price has gone below the red line or below
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623 the red line here.
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627 Okay, and
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631 all through here, we're filtering we can't take anything
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635 here. And finally, watch what happens. We start seeing
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639 impulse swings. And price moves away from the red line comes
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643 back to it. But now watch what happens. See we Have the
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647 price dip below the 20. But the 10 has not crossed over. So
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651 this can happen on the one hour chart. Do not do this when
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655 it doesn't on the daily chart price has to be above both the
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659 20 and 10. But on the one hour price can stab below the red
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663 line during the retracement only valid when the 10 period
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667 has not crossed over the red though. So as soon as this
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671 occurs and the 10 period trades below, or marks below the 20
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675 period moving average, if we get that crossover, we can't
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679 take too long. Okay. So we'll have the Fibonacci here.
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683 You're probably thinking, well, this has been several days
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687 now Michael Did you know it doesn't give me a trade every
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691 single day, right? This is just that one pair. So we have an
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695 impulse like here comes back down into optimal trade entry,
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699 perfect delivery. And we have symmetrical price swing here.
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703 Okay, really nice little swing trade here. And it started on
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707 the 26th ends On the 27th so basically one day of a hold for
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711 a nice little swing trade putting the trade on here at
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715 around 7570 and getting out at approximately 7610. So not a
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719 bad little move. You can leave a small portion one as it is
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723 swing trade and leave your stop down here. Okay? Do not
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727 trail your stop loss. You want to be taking partials, okay.
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731 And then once we get a run away from a consolidation like we
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735 have here, price has to show a willingness to want to run.
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739 me remember inside this green shaded area, we are bullish on
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741 186
742 00:12:42,810 ~-~-> 00:12:46,470
743 the daily. So we're anticipating this type of move here. We
744
745 187
746 00:12:46,470 ~-~-> 00:12:50,070
747 want to see it, you're starting to run higher. So when
748
749 188
750 00:12:50,100 ~-~-> 00:12:52,650
751 consolidations occur, if we take that trade, we want to
752
753 189
754 00:12:52,650 ~-~-> 00:12:55,710
755 leave our stop loss in until we start leaving the
756
757 190
758 00:12:55,710 ~-~-> 00:12:58,680
759 consolidation. Okay, and then we can start trailing up
760
761 191
762 00:12:58,680 ~-~-> 00:13:03,210
763 behind to swing lows from Mark action, and I'll explain that
764
765 192
766 00:13:03,210 ~-~-> 00:13:06,960
767 in a second. But taking a portion off here and then letting
768
769 193
770 00:13:06,990 ~-~-> 00:13:11,100
771 the remainder go, you can see how we have really nice
772
773 194
774 00:13:11,100 ~-~-> 00:13:18,630
775 extensions up here at the 500%. And then price drops down in
776
777 195
778 00:13:18,630 ~-~-> 00:13:20,910
779 here so we can't take a new set up here but we can hold on
780
781 196
782 00:13:20,910 ~-~-> 00:13:26,280
783 to the when we did down here starts to run. And now we have
784
785 197
786 00:13:26,280 ~-~-> 00:13:31,890
787 another one right in here. We have a potential swing up and
788
789 198
790 00:13:31,920 ~-~-> 00:13:43,050
791 down. I'll show you that one. Hear me they're just the
792
793 199
794 00:13:43,050 ~-~-> 00:13:46,710
795 highest body close or open trades back down into it not
796
797 200
798 00:13:46,740 ~-~-> 00:13:49,080
799 overshoots it a little bit. Okay cuz we are on a one hour
800
801 201
802 00:13:49,080 ~-~-> 00:13:53,340
803 chart, and I'm not using the wick, but your stop loss would
804
805 202
806 00:13:53,340 ~-~-> 00:13:59,430
807 be below here. Looking close, but ultimately spreads I guess
808
809 203
810 00:13:59,430 ~-~-> 00:14:03,120
811 is symmetric Price when price drops down below the red line,
812
813 204
814 00:14:03,120 ~-~-> 00:14:06,810
815 we can't take anything in here, no long trades in here. At
816
817 205
818 00:14:06,810 ~-~-> 00:14:09,630
819 the statement inside this green shaded area, we're looking
820
821 206
822 00:14:09,630 ~-~-> 00:14:12,900
823 for Long's so while price is below the red line, we can't
824
825 207
826 00:14:12,900 ~-~-> 00:14:15,510
827 take anything along, we have to wait until price gets back
828
829 208
830 00:14:15,510 ~-~-> 00:14:19,590
831 above the red line as it does here, but then price goes
832
833 209
834 00:14:19,590 ~-~-> 00:14:23,130
835 below the red line and so does the 10 period. So we can't
836
837 210
838 00:14:23,130 ~-~-> 00:14:27,120
839 take this scenario at the wait price trades higher this back
840
841 211
842 00:14:27,120 ~-~-> 00:14:30,960
843 down. not deep enough for optimal trade entry in here so
844
845 212
846 00:14:30,960 ~-~-> 00:14:35,220
847 nothing would have happened there. Price here gives us a
848
849 213
850 00:14:35,220 ~-~-> 00:14:39,630
851 nice little scenario and again, this is an hourly chart. So
852
853 214
854 00:14:41,130 ~-~-> 00:14:43,440
855 there's a little bit more pips in this if you look at a 15
856
857 215
858 00:14:43,440 ~-~-> 00:14:46,290
859 minute time frame or a five minute time frame. So here we
860
861 216
862 00:14:46,290 ~-~-> 00:14:51,120
863 have our impulse leg retraces optimal trade entry.
864
865 217
866 00:14:52,050 ~-~-> 00:14:55,500
867 symmetrical price when leave a little portion one Why?
868
869 218
870 00:14:55,680 ~-~-> 00:14:57,990
871 Because we are inside that green shaded area and we're
872
873 219
874 00:14:57,990 ~-~-> 00:15:01,470
875 anticipating that daily chart to expand on upside. So this
876
877 220
878 00:15:01,470 ~-~-> 00:15:04,170
879 is an area where we could have taken another loan or we
880
881 221
882 00:15:04,170 ~-~-> 00:15:17,580
883 could have added more from our original position. Okay? And
884
885 222
886 00:15:17,850 ~-~-> 00:15:20,790
887 we can't use this one even though we have equal highs what
888
889 223
890 00:15:20,790 ~-~-> 00:15:26,400
891 you know about this would be a run on that we could do a fit
892
893 224
894 00:15:26,400 ~-~-> 00:15:30,240
895 from this level here up to this body, you'll see is actually
896
897 225
898 00:15:30,240 ~-~-> 00:15:34,230
899 a perfect optimal trade entry but the filtering process, we
900
901 226
902 00:15:34,230 ~-~-> 00:15:40,530
903 can't take it. So nothing there. Nothing there price trades
904
905 227
906 00:15:40,530 ~-~-> 00:15:42,780
907 below the red line can't trade there can't trade there.
908
909 228
910 00:15:44,909 ~-~-> 00:15:50,879
911 And price meander sideways and here. We get above it but
912
913 229
914 00:15:50,879 ~-~-> 00:15:55,079
915 doesn't give us anything to trade there. And we're still
916
917 230
918 00:15:55,079 ~-~-> 00:15:57,119
919 below the red line can't take any trades. They're long.
920
921 231
922 00:15:57,599 ~-~-> 00:15:59,999
923 We're below the red line. We're still filtering out this
924
925 232
926 00:15:59,999 ~-~-> 00:16:02,999
927 Something you can go through all the majors with, okay, or
928
929 233
930 00:16:03,029 ~-~-> 00:16:05,009
931 if you'd like to trade exotics, which I don't like to do
932
933 234
934 00:16:05,009 ~-~-> 00:16:08,249
935 that in the States, I don't get to tax treatment for
936
937 235
938 00:16:08,249 ~-~-> 00:16:12,749
939 anything that's not coupled with $1. So you guys can look
940
941 236
942 00:16:12,749 ~-~-> 00:16:15,629
943 for every tool, every pair out there 20 pairs, you can go
944
945 237
946 00:16:15,629 ~-~-> 00:16:18,569
947 through this and find a scenario where a swing trade will be
948
949 238
950 00:16:18,569 ~-~-> 00:16:23,189
951 forming with this insight. And again, we're inside the green
952
953 239
954 00:16:23,189 ~-~-> 00:16:26,099
955 shaded area. So there's nothing we can do on terms of buy
956
957 240
958 00:16:26,099 ~-~-> 00:16:31,379
959 what prices below the red line. And we miss all that. Okay.
960
961 241
962 00:16:32,339 ~-~-> 00:16:34,709
963 Now we go back out to a daily timeframe. So we have a couple
964
965 242
966 00:16:34,709 ~-~-> 00:16:40,889
967 in there for swing trades, not an everyday trade. Okay. And
968
969 243
970 00:16:41,069 ~-~-> 00:16:46,889
971 this whole movement here was about a bet a month in two
972
973 244
974 00:16:46,889 ~-~-> 00:16:50,159
975 weeks or so. So we had a couple swing trading swing trades
976
977 245
978 00:16:50,159 ~-~-> 00:16:53,039
979 are about that length. They're not everyday trades. You want
980
981 246
982 00:16:53,039 ~-~-> 00:16:56,639
983 to put them on hold on for a while. Now we're gonna look at
984
985 247
986 00:16:56,639 ~-~-> 00:17:03,029
987 when we look for mapping out a bearish condition. Okay, and
988
989 248
990 00:17:03,239 ~-~-> 00:17:06,929
991 we're going to look for the crossover here. And we're gonna
992
993 249
994 00:17:06,929 ~-~-> 00:17:10,739
995 drag that down until we get across over on the upside. And
996
997 250
998 00:17:10,739 ~-~-> 00:17:14,669
999 we'll change this to red. So that way everything inside this
1000
1001 251
1002 00:17:14,699 ~-~-> 00:17:18,089
1003 red shaded area, we will keep our focus on only looking for
1004
1005 252
1006 00:17:18,089 ~-~-> 00:17:20,879
1007 optimal trade entry sells, and prices. Whoa, that's a little
1008
1009 253
1010 00:17:20,879 ~-~-> 00:17:27,329
1011 too much now, isn't it? Let's do this. Let's go to Yeah,
1012
1013 254
1014 00:17:27,329 ~-~-> 00:17:31,229
1015 that's a little bit friendlier on the eye. All right. And,
1016
1017 255
1018 00:17:32,279 ~-~-> 00:17:35,729
1019 again, we're in consolidation. So we want to see price
1020
1021 256
1022 00:17:35,909 ~-~-> 00:17:38,699
1023 breakdown on a moving average, yes, and show willingness to
1024
1025 257
1026 00:17:38,699 ~-~-> 00:17:42,389
1027 want to leave the consolidation that happens here comes back
1028
1029 258
1030 00:17:42,389 ~-~-> 00:17:45,479
1031 up, retest the consolidation. And now we can start to look
1032
1033 259
1034 00:17:45,479 ~-~-> 00:17:47,669
1035 for optimal trade entries right in here. So we're going to
1036
1037 260
1038 00:17:47,669 ~-~-> 00:17:53,519
1039 take this little toggle thing here, put it I'll start here
1040
1041 261
1042 00:17:53,519 ~-~-> 00:17:55,829
1043 so you guys can see the contrast. But really, when we get
1044
1045 262
1046 00:17:55,829 ~-~-> 00:17:58,079
1047 about the 11th of October, that's when it wouldn't be an
1048
1049 263
1050 00:17:58,079 ~-~-> 00:18:00,839
1051 ideal scenario because every time you leave Want to wait for
1052
1053 264
1054 00:18:00,839 ~-~-> 00:18:03,929
1055 it to potentially retrace back to it much like we saw here,
1056
1057 265
1058 00:18:04,349 ~-~-> 00:18:06,929
1059 it left the consolidate came back down, potentially
1060
1061 266
1062 00:18:07,199 ~-~-> 00:18:10,859
1063 retesting the point at which it left and then we can start
1064
1065 267
1066 00:18:10,859 ~-~-> 00:18:14,969
1067 seeing it really start to tear up higher. So we're going to
1068
1069 268
1070 00:18:14,969 ~-~-> 00:18:16,499
1071 drop down to an hourly chart now.
1072
1073 269
1074 00:18:17,820 ~-~-> 00:18:18,510
1075 And
1076
1077 270
1078 00:18:19,770 ~-~-> 00:18:22,740
1079 we can start looking for price staying below the red line
1080
1081 271
1082 00:18:23,730 ~-~-> 00:18:28,140
1083 and giving optimal trade entry sells, okay. Now notice we
1084
1085 272
1086 00:18:28,140 ~-~-> 00:18:30,390
1087 can spike through it not like we just said before, when the
1088
1089 273
1090 00:18:30,390 ~-~-> 00:18:34,320
1091 buys but if we go through it, the 10 period has to remain
1092
1093 274
1094 00:18:34,320 ~-~-> 00:18:37,500
1095 below it to cannot cross over. So we have an optimal trade
1096
1097 275
1098 00:18:37,500 ~-~-> 00:18:41,490
1099 entry. So here and again, this is not an everyday setup,
1100
1101 276
1102 00:18:42,030 ~-~-> 00:18:47,190
1103 there's swings. So we have optimal trade entry here. body,
1104
1105 277
1106 00:18:47,430 ~-~-> 00:18:53,160
1107 the body, sell 10s below the 20. You're both stacking. This
1108
1109 278
1110 00:18:53,160 ~-~-> 00:18:56,790
1111 is a seller optimal trade entry. And target two is hit
1112
1113 279
1114 00:18:56,820 ~-~-> 00:19:01,530
1115 beautifully. Gonna leave a little portion on Stop up here.
1116
1117 280
1118 00:19:02,370 ~-~-> 00:19:05,160
1119 With swing trading, you do not want to aggressively trail
1120
1121 281
1122 00:19:05,160 ~-~-> 00:19:07,890
1123 your stop, you want to be taking partials and looking to add
1124
1125 282
1126 00:19:07,890 ~-~-> 00:19:15,840
1127 new positions when you can. Here's another scenario. Okay,
1128
1129 283
1130 00:19:15,900 ~-~-> 00:19:17,790
1131 Nope, can't do it. We're above the red line.
1132
1133 284
1134 00:19:23,010 ~-~-> 00:19:28,950
1135 And by the red line in here can't do that. Now we're above
1136
1137 285
1138 00:19:28,950 ~-~-> 00:19:31,740
1139 it for a long period of time. So it can't do anything till
1140
1141 286
1142 00:19:31,740 ~-~-> 00:19:36,450
1143 we get back below. It does it here. Price stays below it
1144
1145 287
1146 00:19:37,680 ~-~-> 00:19:40,560
1147 climbed back above it. Again, we're in a sell scenario. So
1148
1149 288
1150 00:19:40,560 ~-~-> 00:19:44,850
1151 we have to wait for price to get below both the red line and
1152
1153 289
1154 00:19:44,850 ~-~-> 00:19:54,840
1155 see the 10 and 20 period, exponential stacking lower and we
1156
1157 290
1158 00:19:54,840 ~-~-> 00:19:57,720
1159 have something in here. Let's take a look at that. We have
1160
1161 291
1162 00:20:01,170 ~-~-> 00:20:05,400
1163 swing high here, see that indecisive candle here and a
1164
1165 292
1166 00:20:05,400 ~-~-> 00:20:09,300
1167 bullish up close candle and a lower close candle here. The
1168
1169 293
1170 00:20:09,300 ~-~-> 00:20:11,790
1171 highest portion is the body on this one, we're gonna drag it
1172
1173 294
1174 00:20:11,790 ~-~-> 00:20:17,190
1175 down to this lowest body here trades at the optimal trade
1176
1177 295
1178 00:20:17,190 ~-~-> 00:20:21,450
1179 entry and we get target one falls short of target two. That
1180
1181 296
1182 00:20:21,450 ~-~-> 00:20:23,700
1183 does give us an optimal trade entry to sell there.
1184
1185 297
1186 00:20:25,710 ~-~-> 00:20:26,580
1187 And
1188
1189 298
1190 00:20:28,440 ~-~-> 00:20:32,700
1191 the next ideal one is here. We have price below both moving
1192
1193 299
1194 00:20:32,700 ~-~-> 00:20:35,670
1195 averages they're stacking here. It does punch up through it
1196
1197 300
1198 00:20:35,670 ~-~-> 00:20:40,050
1199 but we don't get the temporary to cross over. And we have to
1200
1201 301
1202 00:20:46,829 ~-~-> 00:20:50,849
1203 put that down right on the lowest body portion here comes up
1204
1205 302
1206 00:20:51,059 ~-~-> 00:20:55,619
1207 next to 260 2% retracement level. There's a sell, we could
1208
1209 303
1210 00:20:55,619 ~-~-> 00:21:00,749
1211 look for. Target one, target two symmetrical To our
1212
1213 304
1214 00:21:00,749 ~-~-> 00:21:04,649
1215 extension eventually. Here's another one in here, where
1216
1217 305
1218 00:21:04,649 ~-~-> 00:21:09,959
1219 price trades back up to here, but we cross over, so we're
1220
1221 306
1222 00:21:10,079 ~-~-> 00:21:12,509
1223 probably not going to take that one, we had to hold on to
1224
1225 307
1226 00:21:12,509 ~-~-> 00:21:18,869
1227 the original one we had up here. And another one. We don't
1228
1229 308
1230 00:21:18,869 ~-~-> 00:21:24,209
1231 get up high enough to get into that one. It didn't retrace
1232
1233 309
1234 00:21:24,209 ~-~-> 00:21:27,899
1235 deep enough there. So we would still be holding some portion
1236
1237 310
1238 00:21:27,899 ~-~-> 00:21:32,369
1239 one that we entered back there. And we don't have anything
1240
1241 311
1242 00:21:32,369 ~-~-> 00:21:39,359
1243 here. And price goes back above the red line starts
1244
1245 312
1246 00:21:39,629 ~-~-> 00:21:46,679
1247 consolidating. And then we have price really not doing too
1248
1249 313
1250 00:21:46,679 ~-~-> 00:21:51,419
1251 much. So I think that Fibonacci also it's clear to see
1252
1253 314
1254 00:21:51,419 ~-~-> 00:21:56,669
1255 what's going on. And price starts to move back in our favor
1256
1257 315
1258 00:21:56,669 ~-~-> 00:22:00,659
1259 here. Again, we're waiting for the scenario. This is what
1260
1261 316
1262 00:22:00,659 ~-~-> 00:22:08,699
1263 you'd look for you wait for these types of setups here, so
1264
1265 317
1266 00:22:08,699 ~-~-> 00:22:12,209
1267 we have both the averages moving lower, even though we spike
1268
1269 318
1270 00:22:12,209 ~-~-> 00:22:15,479
1271 through the red line, the 10 period has not crossed over the
1272
1273 319
1274 00:22:15,479 ~-~-> 00:22:19,679
1275 20. Looking for inside this red shaded area again we're
1276
1277 320
1278 00:22:19,679 ~-~-> 00:22:22,829
1279 anticipating that daily chart to expand going lower. So we
1280
1281 321
1282 00:22:22,829 ~-~-> 00:22:26,939
1283 put our short on here, stop will be above the high here and
1284
1285 322
1286 00:22:26,969 ~-~-> 00:22:30,389
1287 we can see target one, target two symmetrical price swing
1288
1289 323
1290 00:22:30,599 ~-~-> 00:22:34,919
1291 beautifully hit. Eventually later on, we get to our
1292
1293 324
1294 00:22:34,919 ~-~-> 00:22:38,789
1295 extension hit. We have another scenario. Now even though we
1296
1297 325
1298 00:22:38,819 ~-~-> 00:22:42,359
1299 spiked through the 10 period has not crossed over the 20
1300
1301 326
1302 00:22:42,359 ~-~-> 00:22:44,969
1303 period. So everything is still valid here.
1304
1305 327
1306 00:22:46,230 ~-~-> 00:22:47,400
1307 Awesome trade entry sell.
1308
1309 328
1310 00:22:48,810 ~-~-> 00:22:53,130
1311 Target one hit target to hit. Eventually symmetrical price
1312
1313 329
1314 00:22:53,130 ~-~-> 00:22:57,900
1315 swing is hit as well. And we can hold on to a portion now we
1316
1317 330
1318 00:22:57,900 ~-~-> 00:23:01,140
1319 have a consolidation and pricing leaves a consolidation,
1320
1321 331
1322 00:23:01,290 ~-~-> 00:23:03,540
1323 then and only then do we consider looking to lower
1324
1325 332
1326 00:23:03,810 ~-~-> 00:23:08,310
1327 protective stop loss. And I'll just bring it over here a
1328
1329 333
1330 00:23:08,310 ~-~-> 00:23:14,370
1331 little bit. And we don't go anything more towards an optimal
1332
1333 334
1334 00:23:14,370 ~-~-> 00:23:18,180
1335 trade entry until we start seeing price back above the red
1336
1337 335
1338 00:23:18,180 ~-~-> 00:23:22,800
1339 line. And now we're consolidating again. I think we're
1340
1341 336
1342 00:23:22,800 ~-~-> 00:23:30,000
1343 probably gonna run a sell condition before. Long. Yes, we
1344
1345 337
1346 00:23:30,000 ~-~-> 00:23:34,860
1347 have another one in here. Here's a nice one. We have a nice
1348
1349 338
1350 00:23:34,860 ~-~-> 00:23:37,590
1351 swing high here. Price trades down.
1352
1353 339
1354 00:23:40,380 ~-~-> 00:23:41,340
1355 Right to here.
1356
1357 340
1358 00:23:42,599 ~-~-> 00:23:45,719
1359 Optimal trade entry sell. And we can see some metal price
1360
1361 341
1362 00:23:45,719 ~-~-> 00:23:49,559
1363 swing, boom, really nice little swing trade there. Price
1364
1365 342
1366 00:23:49,559 ~-~-> 00:23:52,229
1367 trades above the red line. So we're on the sidelines until
1368
1369 343
1370 00:23:52,229 ~-~-> 00:23:56,219
1371 we get back in sync. Again, right in here. Another scenario.
1372
1373 344
1374 00:23:59,129 ~-~-> 00:24:02,189
1375 So what this does is actually gives us a context to work
1376
1377 345
1378 00:24:02,189 ~-~-> 00:24:03,389
1379 within only use this
1380
1381 346
1382 00:24:03,930 ~-~-> 00:24:04,620
1383 body here.
1384
1385 347
1386 00:24:06,240 ~-~-> 00:24:10,770
1387 And we're going to drag it down to the lowest open or close,
1388
1389 348
1390 00:24:10,770 ~-~-> 00:24:14,010
1391 which is right there. Optimal trade entry right there sell
1392
1393 349
1394 00:24:14,580 ~-~-> 00:24:17,490
1395 beautiful expense expansion down to set magical price one
1396
1397 350
1398 00:24:17,490 ~-~-> 00:24:22,320
1399 and 200 extension. And doesn't give us much more below that
1400
1401 351
1402 00:24:22,710 ~-~-> 00:24:25,020
1403 before we started on consolidating and back above the red
1404
1405 352
1406 00:24:25,020 ~-~-> 00:24:27,870
1407 line. So we're in neutral, and then everything has reversed
1408
1409 353
1410 00:24:28,320 ~-~-> 00:24:31,770
1411 until recent current price action now. So you can see it
1412
1413 354
1414 00:24:31,770 ~-~-> 00:24:35,010
1415 gives you a context to work within. Now it's not perfect,
1416
1417 355
1418 00:24:35,160 ~-~-> 00:24:38,010
1419 nothing's ever gonna be perfect, but it gives you a quick
1420
1421 356
1422 00:24:38,010 ~-~-> 00:24:42,240
1423 down and dirty way to apply two simple moving averages a 20
1424
1425 357
1426 00:24:42,360 ~-~-> 00:24:45,840
1427 and 10 period exponential moving average on a daily and on
1428
1429 358
1430 00:24:45,840 ~-~-> 00:24:49,530
1431 an hourly chart. And it frames your context of what's of the
1432
1433 359
1434 00:24:49,530 ~-~-> 00:24:53,430
1435 marketplace should you be waiting to only trade on now. Go
1436
1437 360
1438 00:24:53,430 ~-~-> 00:24:55,740
1439 back through here and you'll see obviously there's a few
1440
1441 361
1442 00:24:55,740 ~-~-> 00:25:01,710
1443 times where if we are innocent environment where we're in
1444
1445 362
1446 00:25:01,710 ~-~-> 00:25:04,860
1447 the red shaded area. The ideal scenario would be to be
1448
1449 363
1450 00:25:04,860 ~-~-> 00:25:09,570
1451 looking for selling short. But right away, you can look for
1452
1453 364
1454 00:25:09,660 ~-~-> 00:25:14,040
1455 like this here this scenario, this is a buy here and that
1456
1457 365
1458 00:25:14,040 ~-~-> 00:25:18,960
1459 runs up. What would this be? If it's not a swing trade? What
1460
1461 366
1462 00:25:18,960 ~-~-> 00:25:21,180
1463 could this potentially be? Just throw this in here as a
1464
1465 367
1466 00:25:21,180 ~-~-> 00:25:25,200
1467 bonus. This could be a day trade. Okay, you could be a day
1468
1469 368
1470 00:25:25,200 ~-~-> 00:25:28,020
1471 trader here because it's counter what you're waiting for for
1472
1473 369
1474 00:25:28,020 ~-~-> 00:25:30,960
1475 swing trade going short. You see these scenarios? Well, you
1476
1477 370
1478 00:25:30,960 ~-~-> 00:25:34,170
1479 can take along Why? Because you have equal highs here. Okay,
1480
1481 371
1482 00:25:34,170 ~-~-> 00:25:38,340
1483 what's, what's the high on this candle? 7830. So what's 20
1484
1485 372
1486 00:25:38,340 ~-~-> 00:25:43,440
1487 pips above that? 7850 Okay, so we could look for an area to
1488
1489 373
1490 00:25:43,440 ~-~-> 00:25:53,040
1491 go up to there. Okay, so we could be a buyer here and take
1492
1493 374
1494 00:25:53,040 ~-~-> 00:25:57,090
1495 our profits here. Okay, or we can look over here and take a
1496
1497 375
1498 00:25:57,420 ~-~-> 00:25:59,910
1499 portion of it off here and leave a small portion on the
1500
1501 376
1502 00:25:59,910 ~-~-> 00:26:03,150
1503 scene. get around about 1020 pips above that as a day
1504
1505 377
1506 00:26:03,150 ~-~-> 00:26:07,110
1507 traders mindset, okay that type of thing. So we can do
1508
1509 378
1510 00:26:07,110 ~-~-> 00:26:10,110
1511 things both directions even though we have a cell model,
1512
1513 379
1514 00:26:10,440 ~-~-> 00:26:13,170
1515 okay or a cell program that we working inside of with this
1516
1517 380
1518 00:26:13,470 ~-~-> 00:26:17,610
1519 red shaded area relative to the daily chart, okay? doesn't
1520
1521 381
1522 00:26:17,610 ~-~-> 00:26:20,040
1523 negate you not being able to do anything it just means it
1524
1525 382
1526 00:26:20,070 ~-~-> 00:26:22,920
1527 for a swing trade, you have to wait for price to give you
1528
1529 383
1530 00:26:22,920 ~-~-> 00:26:29,040
1531 scenarios as we outlined for bearishness here, okay, optimal
1532
1533 384
1534 00:26:29,040 ~-~-> 00:26:33,930
1535 trade entry So, and then leaving portions on a lot longer
1536
1537 385
1538 00:26:33,930 ~-~-> 00:26:36,300
1539 than you would with day trades. So in other words, for a
1540
1541 386
1542 00:26:36,300 ~-~-> 00:26:39,150
1543 swing trade, you can take off like 50% leave the remaining
1544
1545 387
1546 00:26:39,150 ~-~-> 00:26:41,820
1547 50% on one or two day trade if it goes to your first
1548
1549 388
1550 00:26:41,820 ~-~-> 00:26:45,000
1551 objective. You want to take about 75 to 80% off and leave a
1552
1553 389
1554 00:26:45,000 ~-~-> 00:26:49,680
1555 small portion on because it's a day trade. So I think this
1556
1557 390
1558 00:26:49,680 ~-~-> 00:26:52,770
1559 is going to pretty much do this video here and watch it a
1560
1561 391
1562 00:26:52,770 ~-~-> 00:26:56,340
1563 couple times. You'll see it's not complicated. It's not, you
1564
1565 392
1566 00:26:56,340 ~-~-> 00:27:00,150
1567 know, acrobatics, it's very simple approach to using A
1568
1569 393
1570 00:27:00,150 ~-~-> 00:27:03,210
1571 retail tool, a moving average. But let me just tell you,
1572
1573 394
1574 00:27:03,600 ~-~-> 00:27:06,360
1575 moving averages are actually used on large funds and they're
1576
1577 395
1578 00:27:06,360 ~-~-> 00:27:09,570
1579 trend falling in nature. So the reason why I'm telling you
1580
1581 396
1582 00:27:09,570 ~-~-> 00:27:12,840
1583 how to use it like this, because this is very close to one
1584
1585 397
1586 00:27:12,840 ~-~-> 00:27:16,470
1587 of the long term trending models that a large fund uses that
1588
1589 398
1590 00:27:16,470 ~-~-> 00:27:22,770
1591 I know. Okay, folks, hopefully you've enjoyed this
1592
1593 399
1594 00:27:22,770 ~-~-> 00:27:24,780
1595 presentation. If you'd like to find more, you can visit my
1596
1597 400
1598 00:27:24,780 ~-~-> 00:27:27,420
1599 website at the inner circle trader.com