ICT - Precision Trading Volume 2 - An indepth study on Precision.srt
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ICT: Okay, welcome back guys, we are in Volume Two of the
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precision concepts series and the initial video video one on
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this three part series, we discussed weekly order flow and
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the inherent advantages of understanding what the long term
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order flow is on a weekly chart. Now we're going to be
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focusing on really specific order blocks on a weekly basis.
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And I've received a tremendous response in terms of
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appreciation and astonishment with the precision that's
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available with utilizing the the ICT order blocks on a daily
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four hour and one hour basis. I'm sure a number of you
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probably didn't consider the fact that you could utilize the
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same premise on a week. And or monthly chart. And I'm going
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to counsel you to study the markets of your choice on a
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monthly basis and on your own leisure, okay, but we're going
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to be utilizing really just a weekly basis, or weekly chart
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as our premise for this teaching module. The previous video,
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Volume One, we discussed weekly order flow, and I'm quite
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certain that I'm going to be catching a lot of feedback
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about those that want to have the actual direction right
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100% of the time, and I cannot give you a tool or concept to
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give you direction 100% of the time accurately. Okay. If you
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find someone that can do that, I would absolutely love to
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know who they are and if they have a service, I would be
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willing to subscribe to it. But as it is now my faith in
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that is very, very low and expectancy is even lower. So you
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don't need That, okay, but volume three, we're going to be
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discussing a concept that will help you in that area, if
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that's something that you're going to be struggling with or
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already adopted, you know, a hurdle with it. Okay. So if
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it's already been a bothersome thought for you right now,
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I'm going to put it aside and remove it for you in volume
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three, but for now, let's just focus on the weekly order
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blocks. Okay, now, a weekly order block is the same thing
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we've been doing with the daily chart, four hour and one
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hour chart, okay, we want to look for areas, okay, I'm going
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to be trading, not trading, but I'm gonna be teaching
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rather, with a clean chart, I'm not gonna be putting any
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support resistance on it because, frankly, you understand
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what it is that I look for in terms of support resistance,
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but we're going to be looking for our specific reaction
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levels. That's it. Okay. We're gonna be looking for where
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price moved away from aggressively spend very little time
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there. Okay, and then return back to it in the form of an
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order block okay so now we could go through all this back
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here but I'm going to be saving all this because I want to
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be utilizing it for volume three because it's in trust me
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it'll make a whole lot more sense when we get to the line
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three. But in here we're gonna be talking about this area
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here because I think it quick real quick glance okay market
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structure alone should be flashing neon sign Hello, this is
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a long term or intermediate term low in place because we
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have higher short term lows on either side of it with higher
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swing lows on the other side of it is well Okay, so we have
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layered swing highs and swing lows. So we have basically a
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fractal form. We have a low, a lower low, a higher low,
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okay. And we saw price aggressively move higher often Whoa,
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okay and we have a very clear order block right here. Okay,
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and price comes down into it rather handsomely and then once
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we form a solid swing low in here with a confirming
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candlestick, not that I have a whole lot of faith in
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candlestick patterns themselves but we have a nice hammer in
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here and you see price has a really respectable rally. Now
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we're going to assume that any long taken rate at the order
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block we're going to assume that at 542 on a weekly chart,
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again, this is the Euro USD fiber. Okay, buying there, the
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potential in terms of range was 797. So approximately 100
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pips so that's certainly respectable and by any standard, I
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mean, if you're not impressed with hundred pips, I got
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nothing for you. So we have a Obviously we see that the
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advantages of seeing weekly order block illustrated here
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price when it rally out of here it created another order
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block okay and again I do not like the the long wick candles
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here okay even though this is a hammer I would much rather
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have my order block associated with this okay because this
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candle has more body even though it does has wicks on it
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okay it has more body to delineate it from this type of
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event here where we have a very clear wick or hammer or a
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doji, if you will. Price comes down, trades right into that
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order block rallies off rather handsomely again. Now, again
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We utilize market structure back here to frame this setup.
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Okay, so it's right out of the sniper series. So it
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shouldn't be nothing new to you there. As price began,
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begins to trade higher obviously, we have new order blocks
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forming where price came down, spend very little time here
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rallies off aggressively and then drops back down into the
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order block right here. Okay. And again we're just going to
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use the old high Okay, I really want to be conservative in
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terms of showing you what to anticipate or expect. Certainly
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it's not limited to this Okay, so again, if we were buying
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down here inside this order block just getting back to the
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old highs back here, that's 1000 almost 1100 pips you heard
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me right. Almost 1100 pips, okay? Some of the biggest moves
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that you you see in my older videos where I was calling, you
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know, summer lows and, you know, spring highs and such. This
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is exactly what I was doing to frame all that. Okay, but you
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all saw simply mean taking a Fibonacci tool and saying,
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okay, here, we're gonna take this low here, and we're gonna
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put it on this high. You can see when it comes down to the
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second I'm centration level, I have an ICT optimal trade
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entry. And that's what I was buying. The part that I was
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leaving out was it was framed upon an order block.
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Okay, I didn't honestly I didn't want to share that with you
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because it wasn't I wasn't able to keep up with the
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questions I was already being confronted with with the
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information I was presenting at that time. So the institute
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one more facet to you the concepts that I use, it just would
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have been, I wouldn't be able to keep up with that probably
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would have quit altogether because if I had tons and tons of
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feedback, that is simply could not keep up with But you can
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see the nice move back down into this area here. Now before
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we go any farther, okay, before we go any farther, it's
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important to note that when we're utilizing this weekly
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timeframe, it's not simply that we got back down to a
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previous order block level, okay? As soon as it gets down
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and we buy, that's not that's not what we're doing here.
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Okay? What we're looking for is a confluence of supporting
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factors on the lower timeframes as well I mean some of the
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daily chart for our chart, one hour chart, 15 minute chart
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and as far as execution, we could get down to the nitty
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gritty with it on a five minute timeframe. But it's got to
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happen around a time window Okay, so time has to meet price
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and price comes down to the area where we anticipate the
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order block to fold. But then we have to wait for the the
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price and time to meet I mean, the opens and closes that
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means a lot of open, New York open, London close those time
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windows. They're specific Pacific swing points that occur.
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We do our trading and execution where we engage the market
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in those three predominant timeframes. Okay? Yes, you can
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trade during Asia, it simply avoided because it's to me it's
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the accumulation phase of the day. Okay. But with that
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assumption in mind, if you're a pattern trader, you could be
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trading optimal trade entry Long's in here. You could be
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trading any harmonic pattern that's bullish in here, okay,
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you can trade degrees, you could trade to a bullish
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stochastics or bullish MACD all those things that we see in
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textbooks will suddenly now be profitable in this
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environment. Why? Because we have the market trending higher
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open, you know, order flow on a weekly basis is higher here.
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You know, we see a retracement going down into a weekly
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order block all of a sudden, you know, it's like a bat out
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of hell. It takes off and starts running. It didn't even
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stop at almost 1100 pips to slow down here at all.
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Absolutely not is roared real, continuing higher. Okay. So
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We also have this order back back here, this order block
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rather, rather small. But I'm going to show you having this
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mindset, if you have the patience, really. And what I'm
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doing is I'm looking, I'm putting the horizontal portion of
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this crosshair right on the top of this candle here. And I'm
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going to show you just by going back to the old high, just
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here. That's 260 plus pips. Just that little move right
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there. That's in one week, one week and it didn't stop.
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Didn't even stop this kept on going roll one up. Okay. So,
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again, when you're looking for these types of setups, it is
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absolutely paramount that you understand. We're not
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increasing our risk or leverage on these trades. What we're
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doing is we're keeping our risk very, very low. We're
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keeping our leverage low, but we're opening our mind and
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eyes to the likelihood of rather extremely large profit but
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Okay, so yes, we can take a small portion of the trade off,
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fund our position, get all the risk out of the trade take a
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small portion that way, if it does come back down again and
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stop us out in possibly created another new opportunity to
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get long, but not necessarily true. It could be, you know,
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we could be wrong on the trade as well. And this continue to
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go lower, at least we paid for a position to at least take a
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look at whether or not it's going to potentially pay out,
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you know, for a rather large trading opportunity. Now, let's
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assume Okay, I'm not going to break down the chart here. But
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let's assume for a moment that we were able to find a trade
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setup in here inside this weekly order block, risking our
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average universal 30 PIP position. Okay, you know, what's
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work? We took a long position in here, and we're risking 30
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pips. Okay. Now, obviously, I'm speaking hypothetically,
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because I don't have any charts opening up in here to show
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you what this is, but we're just going to play devil's
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advocate for a moment and assume for a moment he had trade
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with 30 pips on wants to trade move 30 pips, okay, we could
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go to break even Remove all the risk and let it go. Okay.
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Now let's assume for a moment that we were trading with the
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form of one standard lock, and we took five microwatts I'm
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sorry, I'm five minutes off. Okay, so we'd have five, Mini,
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lots left on, so you're making $5 per Pip.
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watts. I want you to pay attention to this because this is
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this is nuts. Okay, you're, you're risking $300 Okay, this
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is the mindset you should be you coming to? you're risking
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30 pips at $10 per PIP on a standard lot in here. No assume
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and again, this is all assumption. You know, this is all
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hypothetical speaking now. Assume you bought it. You took
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off half a position. Now you got five minis on. So now you
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can $5 per point. If you get in and you ride this thing up
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here, okay. That's over five grand $5,000 on a trade that
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you risk $300 On. I don't know where you're from. But that,
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to me is outstanding. It's ridiculous. Okay, and you only
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need a few of those a year over a collection of the majors,
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that means that the swissy the Japanese yen, I don't like it
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so much, but you can trade it, the Euro, the British Pound
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Australian dollar, the kiwi and the Canadian dollar, you
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could have just those pairs as a basket of what you trade as
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your portfolio and effects. And if you look for these types
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of setups in this market, I'm telling you, this is where you
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clean up and you clear out all of the drawdown periods you
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take out all of the big losses or strings of losses, okay?
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When you have a small section of your account allocated to
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trading like this and still you can do day trading, you
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still scout you can still still do short term trading, okay,
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but you need these types of things to act as a Mr. Clean
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map. Magic Eraser, if you will, have you ever used one of
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those things? They're amazing. My wife brought this thing
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home one day, and we had something over our counter could
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not get it off. So she brings this little thing home and
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like, what is this? She goes, it's a magic eraser. So of
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course, naturally, I'm thinking she's full of crap. And
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like, what are we talking about? No, you wet it, you rub it
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on it, and it takes the thing right off. Well, this type of
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trading is like a magic eraser, okay, it completely takes
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away all of the stains of poor execution, portrayed
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selection or Russian, okay, and you don't even trade a whole
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lot and you don't risk a whole lot. It's the same amount of
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leverage the same amount of stuff getting in, but look what
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you're doing. You're framing it with the mindset of a huge,
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absolutely monster of a trading opportunity. Okay, in the
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form of a weekly order block with a order flow. You moving
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in one direction, you got everything lined up for you. Okay.
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Also, if you know anything about seasonal tendencies in my
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earlier work, you know, around September, we'd like to see a
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rally come into The foreign exchange market and you see that
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happening right here, lock stock and barrel, boom, it takes
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off in rolls. Okay. Now again, much like we saw we talked
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about earlier with the weekly order flow and how we allow
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the market to do its retracements. There's nothing to fear
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in regards to, you know, sitting on your hands because think
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about what we're doing. If we're waiting on these long term
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weekly positions to set up, okay, we can establish long term
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positions, we can still trade our larger risk. Now with our
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maximum say assume for a moment that we trade with a 2%
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maximum, which is something I advise nothing more than 2%
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even though you hear me talk about three and a half percent
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as a maximum, that's my account when I'm trading for a
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million dollars. You know that to me. I need that type of
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gearing to get what I need done in the 36 And then pushing
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it? Well, in your trading, if you're risking 2%, your
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maximum, those conditions are authorized, okay? When you're
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trading in line with the higher time frame premise, if
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you're trading against the higher time frame premise like,
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like doing something like this, first of all, I would advise
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not to do that. But if you're a hardcore can't have it any
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other way, but you've got to be taking a trade because it's
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there and you're sitting there reading a chart, you know,
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that's when you want to be risking a half of 1% or maximum
250
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1%. Okay, because you're really you're swimming, you know,
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upstream, you're trying to fight the tide. And I go, you
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know, that analogy kind of goes against what I'm depicting
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here as an up move, but what you're doing is you're trying
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to, you know, go against the grain, and I'm sorry, I don't
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want to arm wrestle. You know, the banks because they're
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going to win every day. So what we do is we sit back on our
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hands and wait for these retracements come back into known
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orders.
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I'm sorry, noon, or blocks and support resistance. And this
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is one of those areas where Even though you have a you know,
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a very nice block potentially down here, what did we talk
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about before and you heard me talk about in the sniper
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series as well. If we have like a hammer or a wick, I don't
264
00:18:11,400 --> 00:18:15,690
like that. Okay, I want to see more body in the candle. Now
265
00:18:15,870 --> 00:18:18,600
I'll use the top of this candle as the beginning of my order
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block and if you draw that straight out, okay, you can see
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we came right down to it and I know some of your pricing Why
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don't you just draw the freakin line Huddleston until I'm
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going to do now to keep the natives restless, not restless,
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but people may be rather. So again, here's the the order
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block here, price rallies up in the past you would see me in
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the old pro traders club series. I would just simply
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reference this swing low and the swing high and place it on
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there and say okay, here's the optimal trade entry where I
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was buying long. But really again, the framework is always
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on the institutional order block over here. And when weekly
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charts they're absolutely dynamite. They're just ridiculous
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in terms of how much is made available. For you PIP
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00:19:02,520 --> 00:19:06,540
expectancy, and you just simply can't come up. You can't You
280
00:19:06,540 --> 00:19:10,650
can't beat this type of setup the gearing for is you know,
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the same amount of leverage and entry that you would take on
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a normal short term trade or intraday trade. But you're
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holding with the premise in mind you're going to get back to
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an old high okay and again, since isn't the old order block
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here for a long if we're buying anywhere in here to get back
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to this high back here? I mean, I want you to pay attention
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00:19:31,800 --> 00:19:35,190
to this guys. This is this is this is exactly how if you
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00:19:35,190 --> 00:19:39,360
want to get wealthy This is out done. 1100 and 36 pips okay
289
00:19:40,020 --> 00:19:46,200
1100 and 36 pips that's a huge move. absolutely huge. Okay.
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We have smaller ranges in here that we're probably more
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accustomed to seeing now and in most recent volatility, but
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the order block in here, come down, you buy rally up in
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00:19:57,090 --> 00:20:02,430
here. Just that move Again, referencing this order block
294
00:20:02,430 --> 00:20:09,570
here, back to here, it's 392 pips. There's nothing wrong
295
00:20:09,570 --> 00:20:12,000
with that. There's nothing wrong. That's several hundred
296
00:20:12,000 --> 00:20:14,790
pips that if it goes in your bank, you're gonna be you're
297
00:20:14,790 --> 00:20:16,680
gonna be thankful for if it was going in mind, I know I
298
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would be $120 per Pip. You damn right I'm gonna be happy
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about it. So looking at how we look at the marketplace on a
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weekly timeframe looking for where price rallies and pulls
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back into a known order block, we just referenced this one
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here. Okay, and let's call it again. Okay, we trade back
303
00:20:39,870 --> 00:20:43,890
down into it again. Okay, very nice price structure, comes
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00:20:43,890 --> 00:20:47,160
back down dips into the order block. Notice it does not
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violate this low. Again, this goes on the same thing we
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00:20:50,220 --> 00:20:53,160
talked about in the first volume. Where How do I know a
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00:20:53,160 --> 00:20:56,340
support resistance levels gonna hold? I don't really know if
308
00:20:56,340 --> 00:21:00,330
it's gonna hold but if I see order block in the frame Work
309
00:21:00,360 --> 00:21:03,900
of the price structure I don't think that it's going to give
310
00:21:03,930 --> 00:21:08,220
up this level because somebody with more money than me cause
311
00:21:08,220 --> 00:21:11,490
this market to rally up like this. If it comes back down to
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00:21:11,490 --> 00:21:14,130
this level if they're long here do you think they have a
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00:21:14,130 --> 00:21:18,390
vested interest in defending this area? Sure they do. And
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you see that happening here price comes down into it. So
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00:21:20,850 --> 00:21:22,380
what are they going to do? They're going to buy more of it.
316
00:21:22,590 --> 00:21:26,100
Okay and then price does what rallies off now guess
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00:21:26,130 --> 00:21:28,800
eventually it comes back down takes up that low but before
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00:21:28,800 --> 00:21:32,550
it does it before it does it Okay, just again, we're going
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to buy the rate at the order block not dead lowest low here
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00:21:35,700 --> 00:21:39,780
and making it look perfect. what's available over 500 pips?
321
00:21:40,140 --> 00:21:42,870
Now I don't know about you, but 500 pips is, yeah, that's,
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00:21:42,900 --> 00:21:48,450
that's pretty good. We're going to talk about a concept in
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00:21:48,450 --> 00:21:52,920
the third of this series, okay, where we can work both
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00:21:52,920 --> 00:21:56,700
directions. Okay. And I really want to only start talking
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00:21:56,700 --> 00:21:59,520
about here so I got to watch what I say not I'm trying to
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00:21:59,520 --> 00:22:02,160
keep anything from you, but you're learning it later on in
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00:22:02,220 --> 00:22:06,210
in the third video. We have another price structure here.
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00:22:06,300 --> 00:22:09,510
Okay, we have this low up to this high. So let me go back a
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00:22:09,510 --> 00:22:11,940
little bit. I want you to see it. Yes, we have this one here
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00:22:11,940 --> 00:22:15,090
this low to high, but we also have this reference point as
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00:22:15,090 --> 00:22:19,260
well. Okay? So this order block, we're going to come back to
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00:22:19,260 --> 00:22:27,960
that when again. Okay, notice how it's in support level. And
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00:22:27,960 --> 00:22:34,080
we're gonna continue it out. Look what it does, it comes
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00:22:34,080 --> 00:22:37,500
right back down and creates another opportunity to buy
335
00:22:37,800 --> 00:22:41,880
inside that pre existing water block. Okay, and what does it
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00:22:41,880 --> 00:22:46,830
create again in here, a new order block right here. Okay,
337
00:22:47,010 --> 00:22:50,370
just the last bearish candle prior to the lowest low before
338
00:22:50,370 --> 00:22:52,800
it starts moving higher. So this low
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00:22:54,900 --> 00:22:57,540
forms inside this order block
340
00:23:03,389 --> 00:23:06,779
Okay, see that price comes back down dips right into boom.
341
00:23:07,079 --> 00:23:10,949
Now you know what's going to happen when I pull a fib on too
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00:23:10,949 --> 00:23:14,519
low to the high prior to its decline right here on the sweet
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00:23:14,519 --> 00:23:18,569
spot. Bang, there's a confluence. Okay, where's it trading
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00:23:18,569 --> 00:23:28,559
at? 1830 round number and the low see if I can get it. The
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00:23:28,559 --> 00:23:33,239
low comes in at 1824 Okay, so if you were trading right at
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00:23:33,239 --> 00:23:38,279
the 1830 round number can you draw down on that is six pips
347
00:23:38,309 --> 00:23:41,219
so that's pretty respectable. Okay, again we're trading off
348
00:23:41,219 --> 00:23:45,149
of a weekly chart not five minute chart. Okay, and just to
349
00:23:45,149 --> 00:23:50,429
get back to the old high back here buying at the order block
350
00:23:50,429 --> 00:23:53,279
nothing spectacular trying to reach for the lowest point not
351
00:23:53,279 --> 00:23:57,089
only that, okay, we're looking at 490 pips or almost 500
352
00:23:57,089 --> 00:24:01,859
pips again, just getting back at the old house. Okay, if you
353
00:24:01,859 --> 00:24:04,079
were looking at market structure we have a swing low here,
354
00:24:04,319 --> 00:24:07,409
we have swing low here, higher swing low here with higher
355
00:24:07,409 --> 00:24:09,959
short term swing lows we have a potential intermediate term
356
00:24:09,959 --> 00:24:15,749
to long term swing low here. Okay, so that means if we take
357
00:24:15,749 --> 00:24:17,969
out this high here leaving a small portion of our trade on,
358
00:24:18,299 --> 00:24:21,869
we could be looking to trade what back into this high. Now
359
00:24:21,869 --> 00:24:28,619
again going back to this level here now we're looking at 760
360
00:24:28,619 --> 00:24:33,719
pips or so yeah about 760 pips from entry here taking a
361
00:24:33,719 --> 00:24:36,089
small portion off here and leaving a small portion with the
362
00:24:36,089 --> 00:24:39,479
potential to look back at this high here. Why because we
363
00:24:39,479 --> 00:24:43,199
have the market structure to at least give the impression
364
00:24:43,199 --> 00:24:46,709
that we may try to get back up in that range. Okay. And look
365
00:24:46,709 --> 00:24:52,499
at even blue beyond that pullback again. We have a bullish
366
00:24:52,499 --> 00:25:01,949
move here. We have a water block right there. Trade down,
367
00:25:01,979 --> 00:25:06,029
blew through it. Now this order block was violated. Okay,
368
00:25:06,479 --> 00:25:09,299
when I see that I get a little nervous because I don't like
369
00:25:09,299 --> 00:25:15,299
to see a bullish order block taken out. But reference it
370
00:25:15,329 --> 00:25:19,349
with this old high back here. One of the central tenants we
371
00:25:19,349 --> 00:25:22,469
have an understanding about support resistance is we are in
372
00:25:22,469 --> 00:25:25,829
the gray when we're trading with it. We don't have a clear
373
00:25:25,829 --> 00:25:29,369
level where it's going to go. Huddleston has his line on his
374
00:25:29,429 --> 00:25:34,769
mt four, or you signal chart and he's therefore we got to
375
00:25:34,769 --> 00:25:36,899
stop right here because you know, he has his line there.
376
00:25:37,139 --> 00:25:39,479
They don't care about our lines. Okay, our lines are a
377
00:25:39,479 --> 00:25:42,629
reference point that we arrive at. The levels are traded
378
00:25:42,629 --> 00:25:45,629
based on the liquidity it's available around those levels.
379
00:25:45,899 --> 00:25:49,859
On an institutional level, not a retail level. Okay. But
380
00:25:49,889 --> 00:25:54,719
simply because we all trade and learn from the same toxic
381
00:25:54,839 --> 00:26:01,949
textbooks and gurus I had no idea what they're doing. You
382
00:26:01,949 --> 00:26:05,849
end up in the same crowd of losers if you don't have the
383
00:26:05,849 --> 00:26:09,449
understanding of why the dealers take price to where they
384
00:26:09,599 --> 00:26:15,569
take them before the real moves take place. Now moving
385
00:26:15,569 --> 00:26:18,959
forward, you can see by moving lower like this, we did trade
386
00:26:18,959 --> 00:26:24,569
back into these levels. But this order block being broken
387
00:26:24,569 --> 00:26:27,779
like this, I would have to wait for another opportunity to
388
00:26:27,779 --> 00:26:32,579
come back down into it. And that happened here. And right in
389
00:26:32,579 --> 00:26:36,569
here would be another opportunity to trade into this bullish
390
00:26:36,599 --> 00:26:40,469
order block. Because we have this high as an old high or
391
00:26:40,469 --> 00:26:44,309
resistance now. It becomes an inversion level, because now
392
00:26:44,309 --> 00:26:48,359
it becomes support. This wick is an inherent price action.
393
00:26:48,419 --> 00:26:51,449
In other words, it blew out this level taken out stops,
394
00:26:51,479 --> 00:26:54,719
which makes sense because as price was rallying up, trailing
395
00:26:54,719 --> 00:26:56,699
stop losses would have been brought up to this level here
396
00:26:56,699 --> 00:26:59,999
and they took them out and then rallied up, came back down.
397
00:26:59,999 --> 00:27:02,369
One more time for good measure, and then ask when you see
398
00:27:02,369 --> 00:27:05,789
the real extrapolated move on unfolding.
399
00:27:14,099 --> 00:27:20,519
Again, this doesn't fit my criteria. So I would not see this
400
00:27:20,549 --> 00:27:23,729
as an order block here. Even though in this case if it was
401
00:27:23,729 --> 00:27:27,749
used, it would be perfect. But in fairness I want I want to
402
00:27:27,749 --> 00:27:32,459
admit that that one really wouldn't be something I would see
403
00:27:32,459 --> 00:27:34,799
now maybe on a daily chart or for our chart, there would
404
00:27:34,799 --> 00:27:37,709
been something else there which obviously, which is what we
405
00:27:37,709 --> 00:27:40,169
discussed earlier, that's what you're utilizing once you
406
00:27:40,169 --> 00:27:45,959
have this in mind. And again, as we as we find these weekly
407
00:27:45,959 --> 00:27:49,229
order blocks, okay, and this is one of the main reasons we
408
00:27:49,229 --> 00:27:52,649
are discussing it is once you find one of these, well not
409
00:27:52,649 --> 00:27:57,509
this one, we're gonna classify this one back here. Once we
410
00:27:57,509 --> 00:28:01,169
trade back down in these order blocks, okay. When it starts
411
00:28:01,169 --> 00:28:04,259
to unfold and rally up, we're not looking at five minute
412
00:28:04,259 --> 00:28:06,389
charts to 15 minutes charts if we're long down here saying
413
00:28:06,389 --> 00:28:08,399
okay, well it's going up enough pips for me, I'm just going
414
00:28:08,399 --> 00:28:12,209
to get out. If you are framing your trade on this weekly
415
00:28:12,209 --> 00:28:17,489
chart, what are you managing the trade on a 15 minute chart,
416
00:28:18,209 --> 00:28:25,109
a 60 minute chart for our about a daily know you're managing
417
00:28:25,109 --> 00:28:29,399
it on a weekly basis, the framework of the trade was derived
418
00:28:29,699 --> 00:28:32,789
on the weekly chart. So if this is the old high back here,
419
00:28:33,179 --> 00:28:35,009
or this high here, rather, I'm sorry, I'm getting ahead of
420
00:28:35,009 --> 00:28:38,399
myself. If you're buying down inside this pre existing
421
00:28:38,399 --> 00:28:40,739
order, the order block, okay, and again, we're going to say
422
00:28:40,739 --> 00:28:43,529
we got in here, okay, for whatever reason, we saw something
423
00:28:43,529 --> 00:28:47,399
was bullish here. Just getting back to that old high, that's
424
00:28:47,399 --> 00:28:51,449
300 plus pips, okay, that's how you're managing it. But we
425
00:28:51,449 --> 00:28:54,569
also learned that when we have highs like this there to
426
00:28:54,569 --> 00:28:58,049
clean so we would expect not only for the price to rally up
427
00:28:58,049 --> 00:29:00,509
to there, okay, but try to reach through it. You think it
428
00:29:00,509 --> 00:29:04,379
reached through it here? Sure, it looks like it to me. And
429
00:29:04,379 --> 00:29:08,399
when it comes back, what is it? Do it retest what an area of
430
00:29:08,429 --> 00:29:11,579
old highs. Okay? Good the bodies of the candles and the
431
00:29:11,579 --> 00:29:14,789
wicks. Take it right over here into that. So even though
432
00:29:14,789 --> 00:29:18,509
this is not an order block, by definition with what I would
433
00:29:18,509 --> 00:29:21,179
classify it as overbought, because it has too much of a
434
00:29:21,179 --> 00:29:23,849
wick, I would rather see more body in that something like
435
00:29:23,849 --> 00:29:27,149
this is more appropriate in my opinion. If you want to be
436
00:29:27,149 --> 00:29:30,419
aggressive, you can trade these types of candles. And once
437
00:29:30,419 --> 00:29:33,059
we have these big moves like this, I just seen a lot of
438
00:29:33,059 --> 00:29:37,409
these type order blocks, quote unquote, fail and because I
439
00:29:37,409 --> 00:29:41,609
want to give you the highest in terms of consistent approach
440
00:29:41,609 --> 00:29:45,299
of utilization of these tools, you know, I want you to feel
441
00:29:45,299 --> 00:29:47,729
confident utilizing them otherwise, it's absolutely
442
00:29:47,729 --> 00:29:49,859
pointless and waste of your time and my time making these
443
00:29:49,859 --> 00:29:54,449
videos. But when price comes back down to an area of support
444
00:29:54,449 --> 00:29:58,619
resistance, okay, we have market structure, signifying that
445
00:29:58,619 --> 00:30:01,619
we do have a trading range It was violated coming back down
446
00:30:01,619 --> 00:30:12,659
into very clear discernible support resistance. Okay. And we
447
00:30:12,659 --> 00:30:19,739
saw a price rally from there. Again we have a similar
448
00:30:19,739 --> 00:30:23,519
scenario here. You could potentially use this as an alarm
449
00:30:23,549 --> 00:30:27,209
clock. Again, I wouldn't I would reference it more so on a
450
00:30:27,209 --> 00:30:30,359
retest of this old high here, so we had the market run
451
00:30:30,359 --> 00:30:34,589
through it, trade back down into here. Okay, now, once it
452
00:30:34,589 --> 00:30:38,729
starts to rally, I would view this candle okay, because
453
00:30:38,729 --> 00:30:42,479
there's a much more body and not the wick here because it's
454
00:30:42,689 --> 00:30:45,869
even though it has a little Wick here. It's it's to me, it
455
00:30:45,869 --> 00:30:50,669
looks like it's being pushed down to accumulate more Long's
456
00:30:50,669 --> 00:30:53,339
and then we have this supporting candlestick, not that it's
457
00:30:53,339 --> 00:30:58,259
all by itself. You deriving the trade idea of a of a hammer.
458
00:30:58,529 --> 00:31:02,699
I would rather see This as the bullish indication not that
459
00:31:03,149 --> 00:31:12,869
the long wikked candlestick or hammer utilizing the previous
460
00:31:12,869 --> 00:31:16,919
order block, price trades down into the order block
461
00:31:25,140 --> 00:31:28,860
right down into the center treatment level. Right in here
462
00:31:28,890 --> 00:31:33,810
you would be hunting daily for hour one hour 15 minutes or
463
00:31:33,810 --> 00:31:38,790
five minutes at a time of a open or closed on a session that
464
00:31:38,790 --> 00:31:42,690
means London open New York open and enclosed in those three
465
00:31:42,720 --> 00:31:47,160
some sort of bullish price pattern. In news time windows
466
00:31:47,190 --> 00:31:52,860
would be a catalyst to catch along in near again, assuming
467
00:31:52,860 --> 00:31:57,210
that that's the case and you were able to get in. Again
468
00:31:57,210 --> 00:31:59,250
we're going to use the worst case scenario the actual or
469
00:31:59,250 --> 00:32:02,730
block hi Back to the old high is over 300 pips again,
470
00:32:03,120 --> 00:32:05,490
leaving a small portion just in case it wants to run and run
471
00:32:05,490 --> 00:32:10,260
it does, can use on trading on higher. We see price move up
472
00:32:10,260 --> 00:32:13,680
in here, we have a large rather large order block in here.
473
00:32:13,980 --> 00:32:16,770
We trade within. These are the ones you want to break down
474
00:32:16,770 --> 00:32:19,530
on the daily for our one hour chart, but it's still
475
00:32:19,800 --> 00:32:24,780
beneficial to utilize the weekly timeframe because it is
476
00:32:24,840 --> 00:32:30,090
again another reason to frame rather explosive trades and
477
00:32:30,090 --> 00:32:35,190
also very large profit objectives in terms of looking for
478
00:32:35,190 --> 00:32:41,820
where prices may reach. Again, I'm just sticking with the
479
00:32:41,820 --> 00:32:46,080
byes and I'll leave it to you to go back to the first volume
480
00:32:46,380 --> 00:32:49,830
and applying the 918 to see where we are in terms of
481
00:32:50,160 --> 00:32:52,560
overlaying that because really what you're also going to do
482
00:32:52,560 --> 00:32:55,650
is when you have a confluence of the order flow on a weekly
483
00:32:55,650 --> 00:32:58,680
basis going one direction and you're looking for order
484
00:32:58,680 --> 00:33:04,320
blocks inside That same premise, it's absolutely crazy on
485
00:33:04,320 --> 00:33:08,460
how much these these moves move, it's they just explode and
486
00:33:08,940 --> 00:33:11,250
where they go, it's well beyond where you think they're
487
00:33:11,250 --> 00:33:13,980
going to go. And just, it's just enormous in terms of how
488
00:33:13,980 --> 00:33:17,940
far and how vast the price surges go. And the clients do.
489
00:33:19,440 --> 00:33:25,860
Okay, we have again, this is, it's really difficult for me
490
00:33:25,860 --> 00:33:28,200
to say, Okay, well, this is going to be a great waterblock
491
00:33:28,200 --> 00:33:31,440
to show you, because it doesn't fit. It doesn't fit the
492
00:33:31,470 --> 00:33:34,560
definition. So I would have to go down into daily timeframe
493
00:33:34,980 --> 00:33:38,100
to illustrate here but you can pretty much see rally comes
494
00:33:38,100 --> 00:33:41,610
back down into that same area, and rallies off again, this
495
00:33:41,610 --> 00:33:46,080
is the order block that I would use and missing the weekly
496
00:33:46,140 --> 00:33:49,320
opportunity back here. And that's fine. I don't care. I'm
497
00:33:49,320 --> 00:33:53,160
not pressed to catch every move. I want to have every
498
00:33:53,430 --> 00:33:56,910
everything lined up based on my parameters. And here's the
499
00:33:56,910 --> 00:34:01,830
order block because it has a majority body in that candle
500
00:34:02,070 --> 00:34:06,030
that's why my seat prior to the move up so we get back down
501
00:34:06,030 --> 00:34:09,060
into order block here and inside this order block we will be
502
00:34:09,060 --> 00:34:12,540
looking for daily for our women our 15 minute and five
503
00:34:12,540 --> 00:34:17,940
minute basis on price patterns to entry to alongside around
504
00:34:17,940 --> 00:34:20,730
time and price windows of the London open New York open in
505
00:34:20,730 --> 00:34:24,120
London close those three time windows are catalysts for time
506
00:34:24,120 --> 00:34:26,670
and price to meet and then you can see price taking off
507
00:34:26,670 --> 00:34:33,960
here. Okay, again focusing just again I'm only want to focus
508
00:34:33,960 --> 00:34:36,810
on one side of the market not because there isn't a reason
509
00:34:36,810 --> 00:34:38,610
to go long or short in here, I just want to give you one
510
00:34:38,610 --> 00:34:42,810
side because everything else is just reverse of it. Okay, we
511
00:34:42,810 --> 00:34:48,390
have a very explosive move higher. And notice I'm avoiding
512
00:34:48,390 --> 00:34:51,660
this candle here. Okay, and you're still inside that range
513
00:34:51,660 --> 00:34:55,290
anyway with this candle. Price rallies up comes all the way
514
00:34:55,290 --> 00:34:59,340
back down into the order block. Okay, if you're looking for
515
00:34:59,340 --> 00:35:02,340
a long in here taking any price pattern when time price
516
00:35:02,340 --> 00:35:06,900
meets a kill zone, ICT kill zone, there's 300 and I'm sorry
517
00:35:06,900 --> 00:35:10,680
1300 and 65 pips made available just by returning back to
518
00:35:10,680 --> 00:35:20,310
this old high and it only takes 1-234-567-8910 1112 about
519
00:35:20,310 --> 00:35:25,410
three months to get to 1300 pips and that's pretty neat.
520
00:35:25,410 --> 00:35:29,040
It's pretty crazy but that's what's available to you when
521
00:35:29,040 --> 00:35:32,790
you start trading with this type of concept. Okay, we move
522
00:35:32,790 --> 00:35:35,340
back down inside the same order block extended down here.
523
00:35:35,760 --> 00:35:40,170
Okay, trades right down into it again, rallies off one more
524
00:35:40,170 --> 00:35:43,830
time. Okay, and there's a couple hundred pips available as
525
00:35:43,830 --> 00:35:51,570
well there. And I'll show you one here. Here's your order
526
00:35:51,570 --> 00:35:59,520
block. Big bearish candle prior to the move up. Okay, we
527
00:35:59,520 --> 00:36:07,500
entered the world. Block I'll fix only get over here. Big
528
00:36:07,500 --> 00:36:16,770
water block. Okay, or how I zona takes off. And again, just
529
00:36:16,770 --> 00:36:20,670
getting back to previous highs, which it did in every
530
00:36:20,670 --> 00:36:24,810
instance here. huge profit potential absolutely astronomical
531
00:36:24,810 --> 00:36:26,190
in terms of how much is available.
532
00:36:27,000 --> 00:36:33,450
We have one more here. Again, these are weekly order blocks
533
00:36:33,450 --> 00:36:37,170
guys you're focusing on the big moves away from a particular
534
00:36:37,170 --> 00:36:40,440
level when it trades back down into it again. Okay, pulling
535
00:36:40,440 --> 00:36:43,860
your fibs across that looking for bullish patterns, okay to
536
00:36:43,860 --> 00:36:49,830
frame your old highs and lows as targets. See it handsomely,
537
00:36:50,160 --> 00:36:56,130
handsomely tags it. Okay. You can see clearly that there's a
538
00:36:56,130 --> 00:36:59,880
lot of opportunity made available to you trading with the
539
00:36:59,880 --> 00:37:02,010
state The premise of mine because it gives you a very long
540
00:37:02,010 --> 00:37:05,940
term perspective. And once these order blocks start to
541
00:37:05,940 --> 00:37:11,310
unfold, you can trade scalping, short term intraday trading
542
00:37:11,310 --> 00:37:14,010
day trading or short term trading with the weekly range
543
00:37:14,010 --> 00:37:18,210
premise that we teach in that directional premise, okay, so
544
00:37:18,210 --> 00:37:21,060
that's how you get the direction, right? Okay, that's how it
545
00:37:21,060 --> 00:37:25,470
assists me as a trader and keeping the direction you know,
546
00:37:25,770 --> 00:37:28,410
focused in mind and you can see another order block retested
547
00:37:28,410 --> 00:37:36,300
here, rallies up and this order block as well. Right there
548
00:37:36,330 --> 00:37:39,450
realize off and this one as well here, which we just saw
549
00:37:39,450 --> 00:37:42,510
last week, so hopefully this has been insightful to you guys
550
00:37:42,510 --> 00:37:44,490
and I wish you good luck and good trading.