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Version 1.1 by Drunk Monkey on 2020-11-20 16:35
Show last authors
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3 ICT: Okay guys, welcome to Episode Four
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7 in this series CT scout sniper field
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11 training guide. Okay, let's look at what
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15 we're going to be covering in this
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19 presentation. We're gonna be reviewing
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23 the previous episodes assignment price
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27 reactions. And we're going to be looking
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31 at examples of pricing price reactions.
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35 We're going to go over a brief overview
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39 of smart money concepts. And we're gonna
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43 be looking at interest rates,
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47 timeframes, range trend, and power
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51 three. Okay, we're gonna be revealing
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55 the market maker. Okay, we're gonna be
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59 looking at the ICT market maker by
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63 model. And we're gonna be looking at how
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67 dealers operate in support levels. And
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71 we're gonna be looking at the ICT market
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75 maker sell model and how dealers operate
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79 in resistance levels. We're gonna be
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83 looking at how market makers business
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87 model works in application. We're gonna
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91 be looking at understanding how market
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95 maker pairs orders and how orders stack
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99 around key levels. Okay, we're looking
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103 at exposing the mechanics of a price
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107 swing. And we're going to look at more
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111 of the time and especially working
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115 around the ICT kill zones. And we're
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119 gonna be looking at the London kill
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123 zone, specifically and the New York kill
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127 zone. We're gonna be looking at how
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131 prices are crucial to you. And as far as
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135 knowing your key levels and how you're
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139 setting up your
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143 opportunities to trade.
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147 And we're gonna be giving you a homework
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151 assignment, stalking in the kill zone.
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155 Okay, folks, we're looking at the Euro
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159 USD, daily chart. And when we're looking
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163 at reaction levels, okay, the ones I'm
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167 most interested in are obviously found
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171 in the higher time frames now. You can
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175 can go back to a monthly you can go back
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179 to a weekly chart and look for these
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183 types of levels as well. But for the
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187 sake of this teaching series, we're just
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191 going to focus on the intermediate term
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195 market. And that's going to be defined
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199 that the daily and for our and by
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203 hunting the reaction levels on this
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207 higher timeframe daily chart and or the
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211 four hour chart, it really puts the odds
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215 in your favor based on the fact that the
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219 institutional level traders that beats
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223 the banks, the large funds and such they
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227 are really watching these key levels
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231 now. We discuss in the first two
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235 episodes how we can look at support
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239 resistance and have you know, high odds
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243 key resistance levels. Now we're going
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247 to build on that in this episode here.
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251 But for now, while we're looking at
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255 this, I want to remind you to the last
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259 episode we talked about the fiber being
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263 poised to trade lower. Okay, now I
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267 purposely waited a little while, not as
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271 long as I did, but the third episode
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275 out, but I wanted to wait a little while
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279 to allow the market to move lower based
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283 on that real time, if you want to call
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287 it that, in recording, it's time and
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291 date stamped on YouTube, the, the fiber
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295 was called to go lower. Now we're going
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299 to frame why that was the case now,
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303 okay, but I want to reiterate the fact
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307 that it was called lower beforehand,
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311 okay. So the concepts that we're going
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315 to employ and go over in this example,
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319 are going to be beneficial to you going
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323 forward because it's the same type of
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327 thing you do over and over and over
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331 again, just, you know, on your own
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335 particular pair, or it could be a stock
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339 market, you know, stock or commodity,
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343 whatever it is, whatever vehicle or
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347 asset class that you find yourself a
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351 trader in. We're delving in specifically
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355 the FX market here in this series, but
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359 it's important to understand my concepts
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363 are generic, okay, and when I say
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367 generic, it means do not boring in the
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371 sense that they're not useful. They're
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375 generic in the sense that they're
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379 universal. Okay, they apply to every
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383 asset class minor little nuances that
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387 have to be taken into consideration. But
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391 nonetheless, they are applicable to
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395 every market asset class. So the
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399 homework assignment was to look for
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403 reaction levels, okay, mark them up on
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407 your chart, and then watch what happens
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411 in the coming weeks around those
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415 particular price levels. Okay, and we're
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419 going to do that now. Now, I'm not going
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423 to beat it to death in terms of what
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427 reaction levels and what support
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431 resistance levels we should have noted
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435 in our chart. But if we were looking at
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439 this example here, and this was real
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443 time in the time, if you sitting down in
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447 front of the charts or when I would be
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451 sitting in front of the charts, this is
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455 how I would mark up my charts. Okay, I'm
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459 just going to use the four horizontal
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463 lines to save time because I spend a lot
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467 of time month around with adjusting the
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471 the app, the right end of a trend line.
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475 Now I do like the trend lines because it
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479 makes it neater when I'm drawing
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483 horizontal support resistance. Now I
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487 don't like trend lines on a diagonal
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491 basis. So don't get me misquoted here I
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495 do not have faith in diagonal support
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499 resistance, but I do have absolute faith
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503 and horizontal support resistance as we
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507 have here. Now what I'm doing is some
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511 noting every
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515 swing high and swing low, that's
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519 relatively close, I'm going to use about
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523 300 to 400 PIP range from where we're
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527 trading at in this instance here. Now
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531 obviously, you can see time of this
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535 recording prices already down here. But
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539 again, I'm going to counsel you to go
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543 back to the recording and you'll know by
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547 watching it that we call this market
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551 going lower here. Okay.
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555 So
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559 we have this reaction hi he Okay, swing
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563 high. Now what I'm noting again so you
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567 don't
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571 lose.
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575 Lose Yourself amongst my banter here.
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579 I'm looking at times where candles have
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583 to hire candles on both sides. Okay? Not
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587 to hire on each side but to hire candles
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591 on one side and other words you have a
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595 candle with a higher low on the left and
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599 a higher low on the right. Okay, and I'm
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603 pointing this probably is probably
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607 confusing because it's not what I'm
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611 showing you here but this is a Sunday
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615 candle so you got to take that in
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619 consideration blend that into this
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623 Monday. So you do have the, the swing
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627 low here, basing this Monday candle and
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631 this Thursday candle here and this is a
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635 Friday candle. So you have that swing
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639 low. Okay, so we'll have that noted.
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643 Okay, and
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647 we're going to use Who's this high here?
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651 Okay, and
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655 you see this one here? Now I realize
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659 you're probably starting to think well
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663 wait, this is getting really busy here.
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667 Okay, but what I want to draw your
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671 attention to is the fact that we do have
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675 these levels, turning the market on a
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679 daily timeframe. Okay, so if the market
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683 made its daily higher low there, okay?
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687 It's significant. Okay. Now this is a
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691 moment report your pad. Major reaction
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695 levels, okay occur around annual highs
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699 and lows I mean yearly, high and low.
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703 Quarterly, your high and low in other
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707 words every three months, okay, for
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711 instance, January, February, March in
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715 that block of time calendar basis, okay,
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719 find the highest high in high school I'm
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723 sorry, highest high and lowest low in
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727 that timeframe. Do the same thing for
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731 the second quarter. Okay, that beam
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735 April, May, June, and then July, August,
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739 September, October, November December.
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743 So there's there's four quarters and
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747 blocks of three okay because there's a
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751 quarterly shuffle that goes on okay
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755 portfolio dressing and such. And you'll
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759 be able to see significant highs and
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763 lows. We're not gonna do that here. It's
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767 this series is meant for you to get your
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771 sleeves rolled up and do some homework
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775 on your own. Okay, and you're going to
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779 learn by doing it, okay, I'm leading you
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783 to the water but it's up to you to
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787 drink, okay. You also have monthly highs
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791 and lows. Those are key, important
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795 reactionary levels. Okay. And then you
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799 have weekly highs and lows and you have
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803 intra week highs and lows. Okay, so now
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807 it's once you get to like Wednesday,
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811 whatever the highest highs and lows low
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815 was at that time are influential. Okay,
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819 and then you have your standard daily
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823 highs and lows. Okay. And here is one of
824
825 207
826 00:09:55,230 ~-~-> 00:09:56,700
827 the gold nuggets that you're going to
828
829 208
830 00:09:56,700 ~-~-> 00:10:01,290
831 get okay. Whenever you see a swing high,
832
833 209
834 00:10:01,980 ~-~-> 00:10:04,320
835 okay, swing high like this. Okay, we
836
837 210
838 00:10:04,320 ~-~-> 00:10:06,420
839 have a candle here with a lower high
840
841 211
842 00:10:06,420 ~-~-> 00:10:08,550
843 candle, right, have it in a lower high
844
845 212
846 00:10:08,580 ~-~-> 00:10:11,580
847 candle on the left of it. Okay? This
848
849 213
850 00:10:11,580 ~-~-> 00:10:14,220
851 pattern is very, very strong. And the
852
853 214
854 00:10:14,220 ~-~-> 00:10:15,780
855 reason why it's so strong is because you
856
857 215
858 00:10:15,780 ~-~-> 00:10:18,060
859 have to take a couple elements out of
860
861 216
862 00:10:18,060 ~-~-> 00:10:20,400
863 that pattern. Okay, and we're going to
864
865 217
866 00:10:20,400 ~-~-> 00:10:22,560
867 start with the first candle here, this
868
869 218
870 00:10:22,560 ~-~-> 00:10:24,930
871 candle on the left of the swing high.
872
873 219
874 00:10:25,350 ~-~-> 00:10:28,080
875 Okay, you want to note the high, the
876
877 220
878 00:10:28,080 ~-~-> 00:10:30,030
879 open the low and the close on this
880
881 221
882 00:10:30,030 ~-~-> 00:10:32,190
883 candle. You want to do the same thing
884
885 222
886 00:10:32,190 ~-~-> 00:10:34,470
887 for the highest candle in the three bar
888
889 223
890 00:10:34,860 ~-~-> 00:10:36,450
891 pattern. And you want to do the same
892
893 224
894 00:10:36,450 ~-~-> 00:10:39,060
895 thing to open high low close values on
896
897 225
898 00:10:39,060 ~-~-> 00:10:42,390
899 that same basis. Okay. And whenever you
900
901 226
902 00:10:42,390 ~-~-> 00:10:43,920
903 see a swing high on your daily
904
905 227
906 00:10:43,920 ~-~-> 00:10:46,620
907 timeframe, you really, really want to
908
909 228
910 00:10:46,620 ~-~-> 00:10:52,290
911 have those data points. Now,
912
913 229
914 00:10:52,290 ~-~-> 00:10:54,030
915 essentially, we have the high here with
916
917 230
918 00:10:54,030 ~-~-> 00:10:56,760
919 this horizontal line, and we essentially
920
921 231
922 00:10:56,760 ~-~-> 00:10:59,310
923 have the open. We're here with this
924
925 232
926 00:10:59,310 ~-~-> 00:11:02,160
927 line. Because based on this candle here,
928
929 233
930 00:11:03,210 ~-~-> 00:11:07,350
931 now we have to have the low. I'm sorry,
932
933 234
934 00:11:07,350 ~-~-> 00:11:12,930
935 the low here, noted as well. Okay, you
936
937 235
938 00:11:12,930 ~-~-> 00:11:15,000
939 can see that happening right there. Now
940
941 236
942 00:11:15,000 ~-~-> 00:11:17,670
943 I'm balling it true, but we can go down
944
945 237
946 00:11:17,670 ~-~-> 00:11:19,440
947 and Doctor it up when we get down to the
948
949 238
950 00:11:19,440 ~-~-> 00:11:21,000
951 lower timeframes. But here's what I
952
953 239
954 00:11:21,000 ~-~-> 00:11:23,130
955 want, just just by clicking that, like I
956
957 240
958 00:11:23,130 ~-~-> 00:11:24,480
959 did here. I want you to take a look at
960
961 241
962 00:11:24,480 ~-~-> 00:11:25,470
963 what happened over here and these
964
965 242
966 00:11:25,470 ~-~-> 00:11:27,660
967 candles, see the bodies they were having
968
969 243
970 00:11:27,660 ~-~-> 00:11:30,630
971 difficulty closing and opening far
972
973 244
974 00:11:30,630 ~-~-> 00:11:34,410
975 beyond that level. Okay, something about
976
977 245
978 00:11:34,470 ~-~-> 00:11:36,900
979 these levels, okay, causes the
980
981 246
982 00:11:36,900 ~-~-> 00:11:39,090
983 marketplace to turn. Okay, we're going
984
985 247
986 00:11:39,090 ~-~-> 00:11:40,920
987 to talk more specifically about that
988
989 248
990 00:11:40,920 ~-~-> 00:11:43,950
991 phenomenon. Okay, and another Smart
992
993 249
994 00:11:43,950 ~-~-> 00:11:47,370
995 Money concept applied to where markets
996
997 250
998 00:11:47,460 ~-~-> 00:11:50,670
999 tend to, to blast off and have you trade
1000
1001 251
1002 00:11:50,670 ~-~-> 00:11:52,620
1003 opportunity presented to you and you can
1004
1005 252
1006 00:11:52,650 ~-~-> 00:11:56,130
1007 see things in advance based on what I'm
1008
1009 253
1010 00:11:56,130 ~-~-> 00:11:58,680
1011 going to share in this episode here. But
1012
1013 254
1014 00:11:58,740 ~-~-> 00:12:01,020
1015 I want to show you how sensitive these
1016
1017 255
1018 00:12:01,020 ~-~-> 00:12:02,910
1019 levels are and then obviously, because
1020
1021 256
1022 00:12:02,910 ~-~-> 00:12:06,870
1023 we have this market open on this candle
1024
1025 257
1026 00:12:06,870 ~-~-> 00:12:08,010
1027 here, if you go over here look with
1028
1029 258
1030 00:12:08,040 ~-~-> 00:12:09,390
1031 debt, you have a bounce right off of
1032
1033 259
1034 00:12:09,390 ~-~-> 00:12:12,420
1035 that. Obviously, we can see that the
1036
1037 260
1038 00:12:12,480 ~-~-> 00:12:14,130
1039 close of that candle and that swing
1040
1041 261
1042 00:12:14,130 ~-~-> 00:12:17,040
1043 high, we were opening essentially near
1044
1045 262
1046 00:12:17,040 ~-~-> 00:12:19,530
1047 that same point went lower. The candle
1048
1049 263
1050 00:12:19,530 ~-~-> 00:12:21,600
1051 here was unable to make much move
1052
1053 264
1054 00:12:21,600 ~-~-> 00:12:24,150
1055 higher. We fell short of it here, the
1056
1057 265
1058 00:12:24,150 ~-~-> 00:12:26,700
1059 body of the candle here as well. Okay,
1060
1061 266
1062 00:12:26,700 ~-~-> 00:12:29,610
1063 so there's a lot of insight that is
1064
1065 267
1066 00:12:29,640 ~-~-> 00:12:33,360
1067 gleaned by doing these exercises, but
1068
1069 268
1070 00:12:33,360 ~-~-> 00:12:36,570
1071 it's also a daily procedure. Okay, but
1072
1073 269
1074 00:12:36,570 ~-~-> 00:12:39,090
1075 here's the cool thing. Once you have
1076
1077 270
1078 00:12:39,090 ~-~-> 00:12:42,660
1079 these levels noted, okay, these when
1080
1081 271
1082 00:12:42,660 ~-~-> 00:12:44,850
1083 they're when they're a lot of them like
1084
1085 272
1086 00:12:44,850 ~-~-> 00:12:47,520
1087 you see here. This is when you take your
1088
1089 273
1090 00:12:47,550 ~-~-> 00:12:49,650
1091 data, and you write it down in your pad,
1092
1093 274
1094 00:12:49,950 ~-~-> 00:12:51,930
1095 okay, and that way when price trades to
1096
1097 275
1098 00:12:51,930 ~-~-> 00:12:54,690
1099 these levels, okay, or approaches these
1100
1101 276
1102 00:12:54,690 ~-~-> 00:12:56,640
1103 levels, you'll have that in mind. Okay,
1104
1105 277
1106 00:12:56,640 ~-~-> 00:12:58,320
1107 look uses a reactionary level based on a
1108
1109 278
1110 00:12:58,320 ~-~-> 00:13:00,000
1111 daily timeframe. So you don't have to
1112
1113 279
1114 00:13:00,000 ~-~-> 00:13:02,040
1115 have all these lines on your chart?
1116
1117 280
1118 00:13:02,220 ~-~-> 00:13:04,500
1119 Okay? So we're going to do is we're
1120
1121 281
1122 00:13:04,500 ~-~-> 00:13:06,510
1123 going to take our chart and we're going
1124
1125 282
1126 00:13:06,510 ~-~-> 00:13:08,520
1127 to drill down to a four hour basis.
1128
1129 283
1130 00:13:09,180 ~-~-> 00:13:11,190
1131 Okay? And we're going to be just simply
1132
1133 284
1134 00:13:11,190 ~-~-> 00:13:12,270
1135 looking at
1136
1137 285
1138 00:13:13,710 ~-~-> 00:13:14,460
1139 the,
1140
1141 286
1142 00:13:15,630 ~-~-> 00:13:16,380
1143 the market
1144
1145 287
1146 00:13:17,640 ~-~-> 00:13:22,230
1147 from the standpoint of August 23.
1148
1149 288
1150 00:13:32,820 ~-~-> 00:13:34,380
1151 Okay, and what I did was I've just moved
1152
1153 289
1154 00:13:34,410 ~-~-> 00:13:37,380
1155 the fixed chart position and just a
1156
1157 290
1158 00:13:37,380 ~-~-> 00:13:39,690
1159 little difficult to see here, but I will
1160
1161 291
1162 00:13:39,690 ~-~-> 00:13:41,700
1163 show you all that when I talk about
1164
1165 292
1166 00:13:41,700 ~-~-> 00:13:44,250
1167 setting up templates for mt four and how
1168
1169 293
1170 00:13:44,250 ~-~-> 00:13:47,490
1171 you can maneuver around. So we're gonna
1172
1173 294
1174 00:13:47,490 ~-~-> 00:13:52,770
1175 do a four hour chart. Okay, and here we
1176
1177 295
1178 00:13:52,770 ~-~-> 00:13:55,380
1179 are, we're essentially with the same
1180
1181 296
1182 00:13:55,380 ~-~-> 00:13:57,540
1183 levels noted. We move down into a four
1184
1185 297
1186 00:13:57,540 ~-~-> 00:14:00,810
1187 hour basis. Okay, and I'm just going to
1188
1189 298
1190 00:14:00,810 ~-~-> 00:14:02,700
1191 design the scrub forward a little bit.
1192
1193 299
1194 00:14:04,500 ~-~-> 00:14:07,080
1195 Okay, and read about here's where we're
1196
1197 300
1198 00:14:07,080 ~-~-> 00:14:08,700
1199 talking about how the market was poised
1200
1201 301
1202 00:14:08,700 ~-~-> 00:14:12,120
1203 to trade lower. And I'll promise I'll
1204
1205 302
1206 00:14:12,120 ~-~-> 00:14:14,310
1207 get to the point of which we're going to
1208
1209 303
1210 00:14:14,310 ~-~-> 00:14:16,200
1211 explain why it was going to go lower.
1212
1213 304
1214 00:14:16,590 ~-~-> 00:14:17,970
1215 But for now, I just want to just
1216
1217 305
1218 00:14:17,970 ~-~-> 00:14:21,060
1219 illustrate how the market eventually
1220
1221 306
1222 00:14:21,060 ~-~-> 00:14:24,000
1223 traded with these levels. Okay, now,
1224
1225 307
1226 00:14:24,000 ~-~-> 00:14:27,840
1227 these levels were based on key reaction
1228
1229 308
1230 00:14:27,840 ~-~-> 00:14:30,330
1231 levels on a daily timeframe before the
1232
1233 309
1234 00:14:30,330 ~-~-> 00:14:31,620
1235 fact otherwise, we're going to basically
1236
1237 310
1238 00:14:31,620 ~-~-> 00:14:35,580
1239 establish a point of which will
1240
1241 311
1242 00:14:35,580 ~-~-> 00:14:37,500
1243 delineate with a vertical line here.
1244
1245 312
1246 00:14:37,860 ~-~-> 00:14:41,190
1247 We'll say, beginning here, you know, we
1248
1249 313
1250 00:14:41,190 ~-~-> 00:14:43,170
1251 were expecting to go lower, and we're
1252
1253 314
1254 00:14:43,170 ~-~-> 00:14:44,910
1255 going to start watching and there's
1256
1257 315
1258 00:14:44,910 ~-~-> 00:14:47,370
1259 going to study how price reacted to
1260
1261 316
1262 00:14:47,370 ~-~-> 00:14:52,380
1263 these levels going forward. Okay. And
1264
1265 317
1266 00:14:52,380 ~-~-> 00:14:53,460
1267 really, what you're doing is you're,
1268
1269 318
1270 00:14:53,610 ~-~-> 00:14:56,340
1271 you're looking at how price moved,
1272
1273 319
1274 00:14:56,370 ~-~-> 00:14:58,800
1275 reacted, traded down to and up to
1276
1277 320
1278 00:14:58,800 ~-~-> 00:15:01,410
1279 resistance and support How price works
1280
1281 321
1282 00:15:01,410 ~-~-> 00:15:04,080
1283 to specific levels, broke down, found
1284
1285 322
1286 00:15:04,080 ~-~-> 00:15:06,630
1287 support at it and then broke lower and
1288
1289 323
1290 00:15:06,660 ~-~-> 00:15:08,730
1291 moved around in gyrated. Okay. Now,
1292
1293 324
1294 00:15:09,360 ~-~-> 00:15:11,640
1295 these levels are just simply established
1296
1297 325
1298 00:15:11,640 ~-~-> 00:15:14,490
1299 off of daily timeframe. Now, when you
1300
1301 326
1302 00:15:14,490 ~-~-> 00:15:16,350
1303 move to a four hour, okay, like we
1304
1305 327
1306 00:15:16,350 ~-~-> 00:15:18,180
1307 learned in the previous two episodes,
1308
1309 328
1310 00:15:18,570 ~-~-> 00:15:19,980
1311 when you break your market down from a
1312
1313 329
1314 00:15:19,980 ~-~-> 00:15:21,660
1315 daily to a four hour the four hour is
1316
1317 330
1318 00:15:21,660 ~-~-> 00:15:23,670
1319 going to have more dynamic support
1320
1321 331
1322 00:15:23,670 ~-~-> 00:15:25,620
1323 resistance levels that were not as
1324
1325 332
1326 00:15:25,620 ~-~-> 00:15:28,500
1327 clearly discernible as we're on a daily
1328
1329 333
1330 00:15:28,500 ~-~-> 00:15:33,600
1331 chart, okay, so this level here, okay,
1332
1333 334
1334 00:15:33,930 ~-~-> 00:15:35,550
1335 you would have on your chart as well and
1336
1337 335
1338 00:15:35,550 ~-~-> 00:15:37,890
1339 you can see the price reactions from
1340
1341 336
1342 00:15:37,890 ~-~-> 00:15:41,130
1343 there's as well and you have this swing
1344
1345 337
1346 00:15:41,130 ~-~-> 00:15:44,580
1347 low. One could have that on your chart
1348
1349 338
1350 00:15:44,580 ~-~-> 00:15:47,520
1351 as well. And you can see how price
1352
1353 339
1354 00:15:47,790 ~-~-> 00:15:50,550
1355 reacted around that as well. Okay, and
1356
1357 340
1358 00:15:50,760 ~-~-> 00:15:53,460
1359 now, what we're gonna do is we're going
1360
1361 341
1362 00:15:53,460 ~-~-> 00:15:57,330
1363 to move to a 15 minute basis and we're
1364
1365 342
1366 00:15:57,330 ~-~-> 00:15:59,790
1367 going to look at last week's trading
1368
1369 343
1370 00:16:21,030 ~-~-> 00:16:23,730
1371 Okay, this is last week trading the Euro
1372
1373 344
1374 00:16:23,730 ~-~-> 00:16:25,740
1375 USD, this is a 15 minute timeframe that
1376
1377 345
1378 00:16:25,740 ~-~-> 00:16:26,610
1379 we're going to do is going to put the
1380
1381 346
1382 00:16:26,610 ~-~-> 00:16:29,160
1383 vertical lines in delineating the actual
1384
1385 347
1386 00:16:29,160 ~-~-> 00:16:31,920
1387 days. You have Monday's trading here,
1388
1389 348
1390 00:16:32,580 ~-~-> 00:16:35,250
1391 Tuesday trading here, Wednesday,
1392
1393 349
1394 00:16:35,460 ~-~-> 00:16:39,180
1395 Thursday, and then Friday down here. Now
1396
1397 350
1398 00:16:39,210 ~-~-> 00:16:40,860
1399 we again, we're calling the market
1400
1401 351
1402 00:16:40,860 ~-~-> 00:16:43,200
1403 lower. And you can see the market did in
1404
1405 352
1406 00:16:43,200 ~-~-> 00:16:45,570
1407 fact trade lower. We're going to be
1408
1409 353
1410 00:16:45,570 ~-~-> 00:16:46,740
1411 looking at
1412
1413 354
1414 00:16:49,140 ~-~-> 00:16:50,130
1415 how price
1416
1417 355
1418 00:16:50,640 ~-~-> 00:16:53,730
1419 reacted intra week, okay, but we're
1420
1421 356
1422 00:16:53,730 ~-~-> 00:16:57,330
1423 going to talk about some things that
1424
1425 357
1426 00:16:57,360 ~-~-> 00:16:59,010
1427 haven't really been touched on if you've
1428
1429 358
1430 00:16:59,010 ~-~-> 00:17:00,870
1431 been following for a while. in great
1432
1433 359
1434 00:17:00,870 ~-~-> 00:17:15,570
1435 detail Okay, so now what we're gonna do
1436
1437 360
1438 00:17:15,570 ~-~-> 00:17:20,430
1439 is we're gonna be discussing the have a
1440
1441 361
1442 00:17:20,430 ~-~-> 00:17:22,200
1443 market itself, we're going to zoom out
1444
1445 362
1446 00:17:22,200 ~-~-> 00:17:23,970
1447 just one more tap to so you can get a
1448
1449 363
1450 00:17:23,970 ~-~-> 00:17:26,280
1451 feel for what has happened. The market
1452
1453 364
1454 00:17:26,280 ~-~-> 00:17:28,500
1455 traded lower up in these levels here
1456
1457 365
1458 00:17:28,500 ~-~-> 00:17:30,930
1459 where we were calling it lower and broke
1460
1461 366
1462 00:17:30,930 ~-~-> 00:17:33,000
1463 down rather aggressively. Okay, so you
1464
1465 367
1466 00:17:33,000 ~-~-> 00:17:36,720
1467 can see much more dynamic view of how
1468
1469 368
1470 00:17:36,840 ~-~-> 00:17:39,480
1471 price had respected the support
1472
1473 369
1474 00:17:39,480 ~-~-> 00:17:42,630
1475 resistance lines that we arrived at on a
1476
1477 370
1478 00:17:42,630 ~-~-> 00:17:47,670
1479 daily timeframe. Okay, so now obviously,
1480
1481 371
1482 00:17:47,670 ~-~-> 00:17:49,530
1483 we can see in hindsight, it caused the
1484
1485 372
1486 00:17:49,530 ~-~-> 00:17:52,440
1487 market to turn at resistance and support
1488
1489 373
1490 00:17:52,440 ~-~-> 00:17:54,390
1491 and once support was broken, events
1492
1493 374
1494 00:17:54,390 ~-~-> 00:17:55,620
1495 retreated back to it found as
1496
1497 375
1498 00:17:55,620 ~-~-> 00:17:57,630
1499 resistance. Okay, we understand those
1500
1501 376
1502 00:17:57,630 ~-~-> 00:17:59,190
1503 central tenants to the marketplace and
1504
1505 377
1506 00:17:59,190 ~-~-> 00:18:00,900
1507 how technology analysis is generally
1508
1509 378
1510 00:18:01,170 ~-~-> 00:18:04,590
1511 perceived and or viewed in hindsight
1512
1513 379
1514 00:18:04,590 ~-~-> 00:18:06,780
1515 basis. Okay, but how do we use these
1516
1517 380
1518 00:18:06,780 ~-~-> 00:18:09,150
1519 levels going forward? Okay, well, number
1520
1521 381
1522 00:18:09,150 ~-~-> 00:18:09,510
1523 one,
1524
1525 382
1526 00:18:10,140 ~-~-> 00:18:12,420
1527 unless you have these
1528
1529 383
1530 00:18:12,990 ~-~-> 00:18:16,080
1531 types of price points, okay, or support
1532
1533 384
1534 00:18:16,080 ~-~-> 00:18:17,910
1535 resistance levels on a higher timeframe,
1536
1537 385
1538 00:18:18,270 ~-~-> 00:18:20,700
1539 there's absolutely zero reason to expect
1540
1541 386
1542 00:18:20,730 ~-~-> 00:18:24,000
1543 a trade to form. Okay? Again, here's one
1544
1545 387
1546 00:18:24,000 ~-~-> 00:18:25,620
1547 of those night notepad moments, okay?
1548
1549 388
1550 00:18:26,130 ~-~-> 00:18:27,780
1551 Write this down and I'm going to line it
1552
1553 389
1554 00:18:27,990 ~-~-> 00:18:32,970
1555 several times, you do not look for a
1556
1557 390
1558 00:18:32,970 ~-~-> 00:18:35,670
1559 trade or trading pattern when your
1560
1561 391
1562 00:18:35,670 ~-~-> 00:18:38,370
1563 intraday charts unless it is trading at
1564
1565 392
1566 00:18:38,370 ~-~-> 00:18:40,560
1567 a higher time frame support resistance
1568
1569 393
1570 00:18:40,560 ~-~-> 00:18:42,720
1571 level, okay, or at a higher timeframe
1572
1573 394
1574 00:18:42,750 ~-~-> 00:18:46,320
1575 reaction level. That means the trade has
1576
1577 395
1578 00:18:46,320 ~-~-> 00:18:49,500
1579 to be formulated and framed around a
1580
1581 396
1582 00:18:49,500 ~-~-> 00:18:51,810
1583 level that you had already arrived at,
1584
1585 397
1586 00:18:52,140 ~-~-> 00:18:54,210
1587 from the daily and or for a timeframe.
1588
1589 398
1590 00:18:54,900 ~-~-> 00:18:57,390
1591 Okay, now, here's a question for you.
1592
1593 399
1594 00:18:57,780 ~-~-> 00:18:59,040
1595 And you already know the answer to this,
1596
1597 400
1598 00:18:59,040 ~-~-> 00:19:02,220
1599 I'm sure So again, I'm not trying to
1600
1601 401
1602 00:19:02,220 ~-~-> 00:19:03,720
1603 browbeat anyone, but I'm telling you,
1604
1605 402
1606 00:19:03,720 ~-~-> 00:19:06,090
1607 I've done the same stuff. So hopefully
1608
1609 403
1610 00:19:06,090 ~-~-> 00:19:07,860
1611 you'll learn from it like I did. And
1612
1613 404
1614 00:19:07,860 ~-~-> 00:19:09,570
1615 you'll, you'll, you'll stop the bleeding
1616
1617 405
1618 00:19:09,600 ~-~-> 00:19:10,500
1619 and you'll start moving towards
1620
1621 406
1622 00:19:10,500 ~-~-> 00:19:14,160
1623 consistency. So now looking at your own
1624
1625 407
1626 00:19:14,160 ~-~-> 00:19:18,540
1627 personal trading, how many times daily,
1628
1629 408
1630 00:19:18,630 ~-~-> 00:19:20,910
1631 weekly, in the last few months or so,
1632
1633 409
1634 00:19:21,150 ~-~-> 00:19:23,700
1635 how many times have you looked at a five
1636
1637 410
1638 00:19:23,700 ~-~-> 00:19:24,930
1639 minute chart or a one minute chart,
1640
1641 411
1642 00:19:24,960 ~-~-> 00:19:26,610
1643 maybe, you know, an hourly chart,
1644
1645 412
1646 00:19:27,090 ~-~-> 00:19:29,310
1647 looking for a pattern, a price pattern,
1648
1649 413
1650 00:19:29,700 ~-~-> 00:19:32,700
1651 and then trying to chase the market
1652
1653 414
1654 00:19:32,700 ~-~-> 00:19:34,800
1655 after you see it moving? Because you you
1656
1657 415
1658 00:19:34,800 ~-~-> 00:19:37,950
1659 didn't have the confidence, the trust
1660
1661 416
1662 00:19:38,340 ~-~-> 00:19:39,960
1663 the pattern, because there was nothing
1664
1665 417
1666 00:19:39,990 ~-~-> 00:19:42,000
1667 framing it on. Okay, you just saw a
1668
1669 418
1670 00:19:42,390 ~-~-> 00:19:45,510
1671 pattern or similarity of what would be
1672
1673 419
1674 00:19:45,510 ~-~-> 00:19:47,970
1675 considered a price pattern and then
1676
1677 420
1678 00:19:47,970 ~-~-> 00:19:49,470
1679 reacted to it after the market started
1680
1681 421
1682 00:19:49,470 ~-~-> 00:19:51,870
1683 moving. What you felt was a confidence
1684
1685 422
1686 00:19:51,870 ~-~-> 00:19:54,030
1687 booster in the favor that you know the
1688
1689 423
1690 00:19:54,030 ~-~-> 00:19:55,560
1691 favorable direction the pattern was
1692
1693 424
1694 00:19:55,560 ~-~-> 00:19:57,270
1695 suggesting it would move, and then all
1696
1697 425
1698 00:19:57,270 ~-~-> 00:19:59,070
1699 of a sudden solve that market turn on
1700
1701 426
1702 00:19:59,070 ~-~-> 00:20:01,500
1703 you. Even though That suppose that price
1704
1705 427
1706 00:20:01,500 ~-~-> 00:20:03,450
1707 pattern was there. It eventually turned
1708
1709 428
1710 00:20:03,450 ~-~-> 00:20:06,540
1711 on you, as it happened to you. I can
1712
1713 429
1714 00:20:06,540 ~-~-> 00:20:08,490
1715 tell you with grace is surely if it
1716
1717 430
1718 00:20:08,490 ~-~-> 00:20:10,110
1719 hasn't, if you don't do these types of
1720
1721 431
1722 00:20:10,110 ~-~-> 00:20:12,900
1723 things, it surely will price patterns by
1724
1725 432
1726 00:20:12,900 ~-~-> 00:20:15,870
1727 themselves. You know, you all speak
1728
1729 433
1730 00:20:15,870 ~-~-> 00:20:19,050
1731 harmonically. gartley, butterflies,
1732
1733 434
1734 00:20:19,050 ~-~-> 00:20:22,230
1735 bats, all those patterns, okay, that you
1736
1737 435
1738 00:20:22,260 ~-~-> 00:20:25,350
1739 hear bandied about on the internet and
1740
1741 436
1742 00:20:25,350 ~-~-> 00:20:28,740
1743 or YouTube educational series or reviews
1744
1745 437
1746 00:20:28,740 ~-~-> 00:20:32,130
1747 or some quote unquote previews. They may
1748
1749 438
1750 00:20:32,130 ~-~-> 00:20:35,610
1751 or may not be profitable. But if you
1752
1753 439
1754 00:20:35,610 ~-~-> 00:20:39,000
1755 don't have that pattern framed around a
1756
1757 440
1758 00:20:39,030 ~-~-> 00:20:41,580
1759 real reaction level, okay, and again,
1760
1761 441
1762 00:20:41,580 ~-~-> 00:20:44,430
1763 we've talked about why the market reacts
1764
1765 442
1766 00:20:44,430 ~-~-> 00:20:46,590
1767 like it does and when you see market
1768
1769 443
1770 00:20:48,210 ~-~-> 00:20:50,670
1771 moves that are dynamic, okay, because
1772
1773 444
1774 00:20:51,120 ~-~-> 00:20:53,460
1775 it's the institutional sponsorship that
1776
1777 445
1778 00:20:53,460 ~-~-> 00:20:55,860
1779 takes the market up or down. Okay,
1780
1781 446
1782 00:20:55,890 ~-~-> 00:20:57,750
1783 retail traders are not going to do
1784
1785 447
1786 00:20:57,750 ~-~-> 00:21:00,570
1787 anything to this marketplace. We are
1788
1789 448
1790 00:21:00,570 ~-~-> 00:21:02,970
1791 participants that are hopefully like the
1792
1793 449
1794 00:21:02,970 ~-~-> 00:21:05,370
1795 fleas on the dog. Okay, we're on for the
1796
1797 450
1798 00:21:05,370 ~-~-> 00:21:06,720
1799 ride once in a while we get a bite.
1800
1801 451
1802 00:21:06,930 ~-~-> 00:21:09,150
1803 Okay? But if we don't watch it a dog
1804
1805 452
1806 00:21:09,150 ~-~-> 00:21:12,360
1807 will scratches right off. So we are
1808
1809 453
1810 00:21:12,360 ~-~-> 00:21:14,640
1811 hopefully positioning ourselves at a
1812
1813 454
1814 00:21:14,640 ~-~-> 00:21:18,810
1815 time and place really in terms of price,
1816
1817 455
1818 00:21:19,410 ~-~-> 00:21:24,210
1819 where the market is highly sensitive to
1820
1821 456
1822 00:21:24,660 ~-~-> 00:21:27,810
1823 market reactions on the higher level
1824
1825 457
1826 00:21:27,840 ~-~-> 00:21:30,300
1827 trading entities like the banks, large
1828
1829 458
1830 00:21:30,300 ~-~-> 00:21:32,940
1831 funds, institutions, if those traders
1832
1833 459
1834 00:21:32,970 ~-~-> 00:21:35,370
1835 are participating in the marketplace at
1836
1837 460
1838 00:21:35,370 ~-~-> 00:21:37,560
1839 that time frame, okay, at that time of
1840
1841 461
1842 00:21:37,560 ~-~-> 00:21:40,110
1843 day at that date, okay, at that price
1844
1845 462
1846 00:21:40,110 ~-~-> 00:21:43,560
1847 level, you are in a much better
1848
1849 463
1850 00:21:43,800 ~-~-> 00:21:45,930
1851 position, technically speaking as a
1852
1853 464
1854 00:21:45,930 ~-~-> 00:21:48,030
1855 trader than those that to simply go out
1856
1857 465
1858 00:21:48,030 ~-~-> 00:21:50,310
1859 and say, Well, you know, the markets are
1860
1861 466
1862 00:21:50,310 ~-~-> 00:21:51,570
1863 going up for the last six days, so it's
1864
1865 467
1866 00:21:51,570 ~-~-> 00:21:52,620
1867 probably gonna keep going up. Let me
1868
1869 468
1870 00:21:52,620 ~-~-> 00:21:54,780
1871 just go in here and buy it today. Okay,
1872
1873 469
1874 00:21:54,930 ~-~-> 00:21:56,190
1875 so I can tell you I know a lot of people
1876
1877 470
1878 00:21:56,190 ~-~-> 00:21:58,170
1879 that send me emails, again, please, I'm
1880
1881 471
1882 00:21:58,170 ~-~-> 00:21:59,760
1883 only using this as an example. So don't
1884
1885 472
1886 00:22:00,000 ~-~-> 00:22:01,560
1887 Let this be an impediment to you ever
1888
1889 473
1890 00:22:01,560 ~-~-> 00:22:03,330
1891 send me emails or questions or comments
1892
1893 474
1894 00:22:03,330 ~-~-> 00:22:05,220
1895 or anything like that. But you know,
1896
1897 475
1898 00:22:05,550 ~-~-> 00:22:07,800
1899 folks, do these types of things. And
1900
1901 476
1902 00:22:07,800 ~-~-> 00:22:09,660
1903 here's this. Here's another, you know,
1904
1905 477
1906 00:22:10,860 ~-~-> 00:22:13,350
1907 disclosure, I did that same stuff, guys.
1908
1909 478
1910 00:22:13,440 ~-~-> 00:22:15,450
1911 Okay, when I traded commodities if the
1912
1913 479
1914 00:22:15,450 ~-~-> 00:22:17,700
1915 market was going screaming up, okay, I
1916
1917 480
1918 00:22:17,700 ~-~-> 00:22:20,640
1919 would be watching it do it in the middle
1920
1921 481
1922 00:22:20,640 ~-~-> 00:22:22,470
1923 of the summertime during drought season.
1924
1925 482
1926 00:22:22,740 ~-~-> 00:22:24,120
1927 If the week mark was going straight up,
1928
1929 483
1930 00:22:24,150 ~-~-> 00:22:27,270
1931 it could be up for 19 days. And I'm
1932
1933 484
1934 00:22:27,270 ~-~-> 00:22:28,380
1935 like, wow, that's been going on. Let me
1936
1937 485
1938 00:22:28,380 ~-~-> 00:22:30,300
1939 just get in here and buy that okay. And
1940
1941 486
1942 00:22:30,510 ~-~-> 00:22:32,340
1943 sometimes I was lucky. And then other
1944
1945 487
1946 00:22:32,340 ~-~-> 00:22:34,440
1947 times I was not okay because I was
1948
1949 488
1950 00:22:34,440 ~-~-> 00:22:37,140
1951 chasing the market. By having these
1952
1953 489
1954 00:22:37,140 ~-~-> 00:22:40,050
1955 levels pre determined based on the
1956
1957 490
1958 00:22:40,050 ~-~-> 00:22:42,360
1959 higher time frame. You can sit on your
1960
1961 491
1962 00:22:42,360 ~-~-> 00:22:45,210
1963 hands and exercise that dreaded word
1964
1965 492
1966 00:22:45,210 ~-~-> 00:22:47,370
1967 patience. Okay, because a lot of times I
1968
1969 493
1970 00:22:47,670 ~-~-> 00:22:49,860
1971 you know, I talked about that, and I
1972
1973 494
1974 00:22:49,860 ~-~-> 00:22:51,780
1975 stressed the importance of having
1976
1977 495
1978 00:22:51,780 ~-~-> 00:22:54,570
1979 patients and submitting to time, okay,
1980
1981 496
1982 00:22:54,570 ~-~-> 00:22:56,790
1983 because if we're using these daily and
1984
1985 497
1986 00:22:56,790 ~-~-> 00:22:58,650
1987 four hour charts, it's going to take
1988
1989 498
1990 00:22:58,680 ~-~-> 00:23:00,690
1991 time for price to get These particular
1992
1993 499
1994 00:23:00,690 ~-~-> 00:23:03,330
1995 price levels. Now, why am I teaching
1996
1997 500
1998 00:23:03,360 ~-~-> 00:23:05,490
1999 this timeframe? Well, because most of
2000
2001 501
2002 00:23:05,490 ~-~-> 00:23:06,630
2003 you can't sit it in front of your
2004
2005 502
2006 00:23:06,630 ~-~-> 00:23:08,040
2007 computers all day long and trade for a
2008
2009 503
2010 00:23:08,040 ~-~-> 00:23:10,290
2011 living. As much as you aspire to do that
2012
2013 504
2014 00:23:10,590 ~-~-> 00:23:13,170
2015 you all have, what responsibilities, you
2016
2017 505
2018 00:23:13,170 ~-~-> 00:23:14,160
2019 have mortgage payments, you have
2020
2021 506
2022 00:23:14,160 ~-~-> 00:23:15,810
2023 children, you have spouses to take care
2024
2025 507
2026 00:23:15,810 ~-~-> 00:23:18,150
2027 of, if your wives you have husbands to
2028
2029 508
2030 00:23:18,150 ~-~-> 00:23:21,150
2031 deal with. So the bottom line is, is you
2032
2033 509
2034 00:23:21,150 ~-~-> 00:23:23,580
2035 have a lot of responsibilities and very
2036
2037 510
2038 00:23:23,580 ~-~-> 00:23:25,290
2039 little time on your hands to be able to
2040
2041 511
2042 00:23:25,290 ~-~-> 00:23:27,510
2043 apply to analysis. Now Sure, you can go
2044
2045 512
2046 00:23:27,510 ~-~-> 00:23:29,760
2047 back and look at hindsight and study
2048
2049 513
2050 00:23:29,760 ~-~-> 00:23:31,560
2051 intraday action like that. And there's
2052
2053 514
2054 00:23:31,770 ~-~-> 00:23:33,300
2055 certainly nothing wrong with that. But
2056
2057 515
2058 00:23:33,750 ~-~-> 00:23:35,340
2059 for the most part, by far and large
2060
2061 516
2062 00:23:35,400 ~-~-> 00:23:38,040
2063 majority of you are watching this all
2064
2065 517
2066 00:23:38,040 ~-~-> 00:23:40,560
2067 have nine to five or similar that keeps
2068
2069 518
2070 00:23:40,560 ~-~-> 00:23:43,530
2071 you from having the time to sit in front
2072
2073 519
2074 00:23:43,530 ~-~-> 00:23:45,660
2075 of the charts and trade intraday. So,
2076
2077 520
2078 00:23:46,620 ~-~-> 00:23:47,970
2079 again, I'm teaching this timeframe
2080
2081 521
2082 00:23:47,970 ~-~-> 00:23:49,440
2083 because it will allow those that have
2084
2085 522
2086 00:23:49,440 ~-~-> 00:23:52,770
2087 jobs, to formulate trading ideas and
2088
2089 523
2090 00:23:52,770 ~-~-> 00:23:54,900
2091 your demo account to build confidence
2092
2093 524
2094 00:23:54,900 ~-~-> 00:23:57,030
2095 and understanding in technical analysis
2096
2097 525
2098 00:23:57,210 ~-~-> 00:23:59,550
2099 and still possibly take part of
2100
2101 526
2102 00:24:00,000 ~-~-> 00:24:02,850
2103 profitable swings that market entities
2104
2105 527
2106 00:24:03,090 ~-~-> 00:24:06,360
2107 push price up or down based on these
2108
2109 528
2110 00:24:06,360 ~-~-> 00:24:08,040
2111 higher level support resistance levels.
2112
2113 529
2114 00:24:09,360 ~-~-> 00:24:10,950
2115 Now, again, we have a snapshot in front
2116
2117 530
2118 00:24:10,950 ~-~-> 00:24:13,410
2119 of us here. This is essentially a two
2120
2121 531
2122 00:24:13,410 ~-~-> 00:24:15,720
2123 and a half weeks worth of price data.
2124
2125 532
2126 00:24:16,830 ~-~-> 00:24:20,010
2127 But again, these levels were noted prior
2128
2129 533
2130 00:24:20,310 ~-~-> 00:24:22,920
2131 to these price points up here, okay, we
2132
2133 534
2134 00:24:22,920 ~-~-> 00:24:24,870
2135 were calling the market lower up in here
2136
2137 535
2138 00:24:25,230 ~-~-> 00:24:27,750
2139 and the market has slid lower okay to
2140
2141 536
2142 00:24:27,750 ~-~-> 00:24:30,690
2143 the tune of about what is that let's get
2144
2145 537
2146 00:24:30,690 ~-~-> 00:24:32,940
2147 a good, good feel for what that price
2148
2149 538
2150 00:24:32,940 ~-~-> 00:24:34,260
2151 level was. We'll get about middle of
2152
2153 539
2154 00:24:34,260 ~-~-> 00:24:37,080
2155 that consolidation. And the lowest low
2156
2157 540
2158 00:24:37,080 ~-~-> 00:24:40,530
2159 on last Friday comes in around 285 pips
2160
2161 541
2162 00:24:40,530 ~-~-> 00:24:44,250
2163 or so. Not bad, not bad for, you know, a
2164
2165 542
2166 00:24:44,250 ~-~-> 00:24:49,200
2167 future perspective in terms of analysis
2168
2169 543
2170 00:24:49,350 ~-~-> 00:24:52,470
2171 a lot, a lot of my haters that really
2172
2173 544
2174 00:24:52,500 ~-~-> 00:24:54,480
2175 have no interest in learning this stuff.
2176
2177 545
2178 00:24:54,480 ~-~-> 00:24:56,610
2179 They just want to DeRay on the track.
2180
2181 546
2182 00:24:56,790 ~-~-> 00:24:58,440
2183 folks that are out here doing this stuff
2184
2185 547
2186 00:24:58,890 ~-~-> 00:25:00,510
2187 for free. I don't sell them And I just
2188
2189 548
2190 00:25:00,510 ~-~-> 00:25:02,820
2191 do it as a as a hobby. As you can see,
2192
2193 549
2194 00:25:02,820 ~-~-> 00:25:06,960
2195 it's been a delay in my release of this
2196
2197 550
2198 00:25:07,110 ~-~-> 00:25:09,240
2199 episode. And that's another reason why I
2200
2201 551
2202 00:25:09,240 ~-~-> 00:25:10,590
2203 will never sell anything because I
2204
2205 552
2206 00:25:10,590 ~-~-> 00:25:12,510
2207 really have a life. And I'm not gonna
2208
2209 553
2210 00:25:13,140 ~-~-> 00:25:15,570
2211 subject you guys to any kind of payment,
2212
2213 554
2214 00:25:15,810 ~-~-> 00:25:18,360
2215 okay, and, you know, selling things
2216
2217 555
2218 00:25:18,360 ~-~-> 00:25:19,140
2219 because number one, I don't want to
2220
2221 556
2222 00:25:19,140 ~-~-> 00:25:21,810
2223 hassle to, I don't need your money. And
2224
2225 557
2226 00:25:21,810 ~-~-> 00:25:24,240
2227 three, I can't promise you I'm going to
2228
2229 558
2230 00:25:24,240 ~-~-> 00:25:26,700
2231 have the free time to consistently give
2232
2233 559
2234 00:25:26,700 ~-~-> 00:25:29,370
2235 you what you would reasonably expect in
2236
2237 560
2238 00:25:29,370 ~-~-> 00:25:31,590
2239 a paid service. So there are guys out
2240
2241 561
2242 00:25:31,590 ~-~-> 00:25:33,870
2243 there that have you know, services and
2244
2245 562
2246 00:25:34,170 ~-~-> 00:25:35,910
2247 some of them probably shouldn't be doing
2248
2249 563
2250 00:25:35,910 ~-~-> 00:25:38,040
2251 it. Then you have others out there that
2252
2253 564
2254 00:25:38,130 ~-~-> 00:25:39,690
2255 you know are doing it and maybe there
2256
2257 565
2258 00:25:39,690 ~-~-> 00:25:41,970
2259 are, you know, worthwhile and they have
2260
2261 566
2262 00:25:41,970 ~-~-> 00:25:42,360
2263 a,
2264
2265 567
2266 00:25:43,650 ~-~-> 00:25:45,870
2267 you know, assistance to new traders.
2268
2269 568
2270 00:25:46,290 ~-~-> 00:25:48,360
2271 It's not up to me need to judge those
2272
2273 569
2274 00:25:48,360 ~-~-> 00:25:49,950
2275 individuals. I can just tell you that me
2276
2277 570
2278 00:25:49,950 ~-~-> 00:25:52,560
2279 personally, in the form of a mentor, you
2280
2281 571
2282 00:25:52,560 ~-~-> 00:25:53,970
2283 get what you get when you get it. I
2284
2285 572
2286 00:25:53,970 ~-~-> 00:25:55,950
2287 mean, I don't mean to be ignorant about
2288
2289 573
2290 00:25:55,950 ~-~-> 00:25:57,360
2291 it. But you know, like I said, I do have
2292
2293 574
2294 00:25:58,200 ~-~-> 00:26:04,980
2295 a job of being father, husband, and my
2296
2297 575
2298 00:26:04,980 ~-~-> 00:26:08,700
2299 life is interesting in it many times
2300
2301 576
2302 00:26:08,700 ~-~-> 00:26:10,200
2303 pulls me in directions I really didn't
2304
2305 577
2306 00:26:10,200 ~-~-> 00:26:12,870
2307 plan on from the time I lay my head down
2308
2309 578
2310 00:26:12,870 ~-~-> 00:26:14,700
2311 to kind of wake up, a lot of things can
2312
2313 579
2314 00:26:14,700 ~-~-> 00:26:16,950
2315 happen in ICT world and you know, I
2316
2317 580
2318 00:26:16,950 ~-~-> 00:26:18,630
2319 could be involved in things that I
2320
2321 581
2322 00:26:18,630 ~-~-> 00:26:21,540
2323 hadn't planned on. And that's what this
2324
2325 582
2326 00:26:21,630 ~-~-> 00:26:23,850
2327 market can provide for you a lot of
2328
2329 583
2330 00:26:23,850 ~-~-> 00:26:26,490
2331 freedom to do that very thing. I'm not
2332
2333 584
2334 00:26:26,490 ~-~-> 00:26:28,800
2335 locked into having to do any one thing
2336
2337 585
2338 00:26:28,800 ~-~-> 00:26:31,530
2339 or another. The freedom to be able to
2340
2341 586
2342 00:26:31,530 ~-~-> 00:26:34,710
2343 say, you know what, I've reached my
2344
2345 587
2346 00:26:34,710 ~-~-> 00:26:36,990
2347 goal. I don't ever have to go to my
2348
2349 588
2350 00:26:37,020 ~-~-> 00:26:40,770
2351 employment place anymore. Okay, whatever
2352
2353 589
2354 00:26:40,770 ~-~-> 00:26:42,120
2355 that is, you plug that in, if you're
2356
2357 590
2358 00:26:42,120 ~-~-> 00:26:44,610
2359 looking if you work at a, an industrial
2360
2361 591
2362 00:26:45,630 ~-~-> 00:26:47,670
2363 job, or if you're a truck driver, or if
2364
2365 592
2366 00:26:47,670 ~-~-> 00:26:49,530
2367 you're a mechanic or if you're a doctor,
2368
2369 593
2370 00:26:49,530 ~-~-> 00:26:53,400
2371 a nurse, ice cream truck, guy. How about
2372
2373 594
2374 00:26:53,400 ~-~-> 00:26:57,780
2375 that hustle? bottom line is you have to
2376
2377 595
2378 00:26:58,050 ~-~-> 00:26:59,880
2379 get to that point and it doesn't happen.
2380
2381 596
2382 00:26:59,880 ~-~-> 00:27:02,970
2383 Every Tonight, so, use these tools, okay
2384
2385 597
2386 00:27:02,970 ~-~-> 00:27:05,790
2387 to help frame your inner traitor that
2388
2389 598
2390 00:27:05,790 ~-~-> 00:27:08,460
2391 will eventually come to fruition. After
2392
2393 599
2394 00:27:08,460 ~-~-> 00:27:10,320
2395 you gain a level of confidence in
2396
2397 600
2398 00:27:10,320 ~-~-> 00:27:12,960
2399 yourself, firstly, that you can stick to
2400
2401 601
2402 00:27:12,960 ~-~-> 00:27:16,080
2403 the procedures, then trust the tools.
2404
2405 602
2406 00:27:16,530 ~-~-> 00:27:18,420
2407 And then when those two come together,
2408
2409 603
2410 00:27:18,840 ~-~-> 00:27:21,780
2411 then you find a level of consistency at
2412
2413 604
2414 00:27:21,780 ~-~-> 00:27:23,940
2415 your time of choosing, not when I say or
2416
2417 605
2418 00:27:23,940 ~-~-> 00:27:26,700
2419 another mentor, and whatever, you know
2420
2421 606
2422 00:27:26,730 ~-~-> 00:27:28,890
2423 book that you buy suggests that you
2424
2425 607
2426 00:27:28,890 ~-~-> 00:27:31,080
2427 should go to live trading or full time
2428
2429 608
2430 00:27:31,080 ~-~-> 00:27:33,570
2431 trading. You'll know it when you know,
2432
2433 609
2434 00:27:33,990 ~-~-> 00:27:35,940
2435 okay, believe me you'll if you feel like
2436
2437 610
2438 00:27:35,940 ~-~-> 00:27:37,530
2439 you're rushing, you probably are so
2440
2441 611
2442 00:27:37,530 ~-~-> 00:27:40,500
2443 don't, don't get in a race to try to say
2444
2445 612
2446 00:27:40,500 ~-~-> 00:27:44,040
2447 well, I'm quitting my job. Okay. I'm
2448
2449 613
2450 00:27:44,040 ~-~-> 00:27:45,870
2451 phoning out these little notes I have
2452
2453 614
2454 00:27:45,870 ~-~-> 00:27:48,690
2455 next to my keyboard here because I've
2456
2457 615
2458 00:27:48,900 ~-~-> 00:27:50,280
2459 been getting emails so I'm kind of
2460
2461 616
2462 00:27:50,280 ~-~-> 00:27:52,470
2463 tossing these little nuggets out in the
2464
2465 617
2466 00:27:52,470 ~-~-> 00:27:54,120
2467 midst of having these recordings. So
2468
2469 618
2470 00:27:54,120 ~-~-> 00:27:55,890
2471 hopefully I'm answering your your
2472
2473 619
2474 00:27:55,890 ~-~-> 00:27:59,790
2475 inquiries. So now by looking at these
2476
2477 620
2478 00:27:59,820 ~-~-> 00:28:01,680
2479 two and a half weeks or such in price
2480
2481 621
2482 00:28:01,680 ~-~-> 00:28:05,070
2483 data, we call the market lower back
2484
2485 622
2486 00:28:05,070 ~-~-> 00:28:09,120
2487 here. Okay, so how would one reasonably
2488
2489 623
2490 00:28:09,120 ~-~-> 00:28:11,100
2491 expect to participate in the
2492
2493 624
2494 00:28:11,100 ~-~-> 00:28:13,980
2495 marketplace, as price moves lower number
2496
2497 625
2498 00:28:13,980 ~-~-> 00:28:16,440
2499 one, we have these price levels noted.
2500
2501 626
2502 00:28:16,500 ~-~-> 00:28:18,720
2503 And again, from this point in here,
2504
2505 627
2506 00:28:19,050 ~-~-> 00:28:21,180
2507 these levels were on the chart, they
2508
2509 628
2510 00:28:21,180 ~-~-> 00:28:23,340
2511 would be walking forward, you would see
2512
2513 629
2514 00:28:23,340 ~-~-> 00:28:27,000
2515 price reacting, real time at these price
2516
2517 630
2518 00:28:27,000 ~-~-> 00:28:30,180
2519 points, okay. Again, this is a 15 minute
2520
2521 631
2522 00:28:30,180 ~-~-> 00:28:32,190
2523 timeframe. So you would have smaller
2524
2525 632
2526 00:28:32,190 ~-~-> 00:28:33,690
2527 dealing rain support resistance levels
2528
2529 633
2530 00:28:33,690 ~-~-> 00:28:35,670
2531 on these timeframes as well but not as
2532
2533 634
2534 00:28:35,700 ~-~-> 00:28:38,730
2535 important as the daily and for our
2536
2537 635
2538 00:28:38,730 ~-~-> 00:28:41,250
2539 timeframes, because those are where the
2540
2541 636
2542 00:28:41,250 ~-~-> 00:28:42,750
2543 large institutional traders are spent
2544
2545 637
2546 00:28:42,870 ~-~-> 00:28:44,460
2547 spending majority of their time looking
2548
2549 638
2550 00:28:44,460 ~-~-> 00:28:47,190
2551 for value. Okay, much we're going to
2552
2553 639
2554 00:28:47,190 ~-~-> 00:28:50,670
2555 talk about that. So now, again, we
2556
2557 640
2558 00:28:50,670 ~-~-> 00:28:52,350
2559 talked about how, in the previous
2560
2561 641
2562 00:28:52,350 ~-~-> 00:28:55,080
2563 episode that the market tends to make
2564
2565 642
2566 00:28:55,080 ~-~-> 00:28:58,650
2567 its high or low in the first few days of
2568
2569 643
2570 00:28:58,650 ~-~-> 00:29:00,330
2571 the week, generally by Tuesday. On and
2572
2573 644
2574 00:29:00,330 ~-~-> 00:29:02,220
2575 open and at the very latest many times
2576
2577 645
2578 00:29:02,220 ~-~-> 00:29:04,410
2579 you'll find it Wednesdays London open is
2580
2581 646
2582 00:29:04,410 ~-~-> 00:29:07,590
2583 like the last cusp of where the higher
2584
2585 647
2586 00:29:07,590 ~-~-> 00:29:09,330
2587 low if it's a down week, the high would
2588
2589 648
2590 00:29:09,330 ~-~-> 00:29:11,670
2591 be formed. But generally between Monday
2592
2593 649
2594 00:29:11,670 ~-~-> 00:29:14,970
2595 and Tuesday, you see it forming the
2596
2597 650
2598 00:29:14,970 ~-~-> 00:29:17,580
2599 higher low. And now what that going
2600
2601 651
2602 00:29:17,580 ~-~-> 00:29:19,560
2603 forward, okay, you can see that we did
2604
2605 652
2606 00:29:19,560 ~-~-> 00:29:22,410
2607 have the high form. I think it just went
2608
2609 653
2610 00:29:22,410 ~-~-> 00:29:24,240
2611 above a few pips, maybe one or two pips
2612
2613 654
2614 00:29:24,240 ~-~-> 00:29:26,280
2615 here on Wednesday. So it came true as
2616
2617 655
2618 00:29:26,280 ~-~-> 00:29:29,250
2619 well here moved lower. Okay, but then we
2620
2621 656
2622 00:29:29,250 ~-~-> 00:29:33,150
2623 moved into this week here, okay. And
2624
2625 657
2626 00:29:33,150 ~-~-> 00:29:35,280
2627 it's kind of unique in a sense, because
2628
2629 658
2630 00:29:35,910 ~-~-> 00:29:37,620
2631 if you've been watching the news or been
2632
2633 659
2634 00:29:37,620 ~-~-> 00:29:39,870
2635 reading newspapers and such, there's
2636
2637 660
2638 00:29:39,870 ~-~-> 00:29:44,100
2639 been some saber rattling about the US
2640
2641 661
2642 00:29:44,130 ~-~-> 00:29:47,160
2643 potentially striking Syria. I'm not
2644
2645 662
2646 00:29:47,160 ~-~-> 00:29:49,800
2647 going to go into political stance on get
2648
2649 663
2650 00:29:49,800 ~-~-> 00:29:51,210
2651 on my soapbox about what we should or
2652
2653 664
2654 00:29:51,210 ~-~-> 00:29:53,280
2655 shouldn't do and regards to that, but it
2656
2657 665
2658 00:29:53,280 ~-~-> 00:29:57,270
2659 has caused a lot of uncertainty in terms
2660
2661 666
2662 00:29:57,300 ~-~-> 00:30:01,680
2663 of what is going To be the outcome of
2664
2665 667
2666 00:30:01,680 ~-~-> 00:30:05,040
2667 all that, okay? And this is really good
2668
2669 668
2670 00:30:05,040 ~-~-> 00:30:06,750
2671 in a sense because it gives me an
2672
2673 669
2674 00:30:06,750 ~-~-> 00:30:09,840
2675 opportunity to plug in something that
2676
2677 670
2678 00:30:09,870 ~-~-> 00:30:11,610
2679 otherwise if it hadn't hadn't been
2680
2681 671
2682 00:30:11,610 ~-~-> 00:30:13,590
2683 happening, I would just be talking about
2684
2685 672
2686 00:30:13,590 ~-~-> 00:30:14,910
2687 it conceptually. But now we're going to
2688
2689 673
2690 00:30:14,940 ~-~-> 00:30:16,800
2691 have a, a real world example of what
2692
2693 674
2694 00:30:16,800 ~-~-> 00:30:19,050
2695 this implies when you do your own
2696
2697 675
2698 00:30:19,050 ~-~-> 00:30:22,050
2699 analysis. When there's uncertainty,
2700
2701 676
2702 00:30:22,530 ~-~-> 00:30:23,940
2703 okay, when there's uncertainty in the
2704
2705 677
2706 00:30:23,940 ~-~-> 00:30:26,940
2707 marketplace or the the global economy,
2708
2709 678
2710 00:30:27,570 ~-~-> 00:30:27,990
2711 you know,
2712
2713 679
2714 00:30:28,560 ~-~-> 00:30:29,160
2715 arena,
2716
2717 680
2718 00:30:30,030 ~-~-> 00:30:32,730
2719 the participants get really, really
2720
2721 681
2722 00:30:32,760 ~-~-> 00:30:35,490
2723 spooked. Okay? And what will happen is
2724
2725 682
2726 00:30:36,900 ~-~-> 00:30:39,750
2727 the large institutional traders, okay,
2728
2729 683
2730 00:30:39,780 ~-~-> 00:30:41,880
2731 many times will scale back their risk,
2732
2733 684
2734 00:30:42,690 ~-~-> 00:30:46,830
2735 don't reduce their position sizes, or
2736
2737 685
2738 00:30:47,010 ~-~-> 00:30:49,350
2739 their new trades, maybe they'll they
2740
2741 686
2742 00:30:49,350 ~-~-> 00:30:52,770
2743 were going to do a large block of orders
2744
2745 687
2746 00:30:52,770 ~-~-> 00:30:55,260
2747 to be an accumulation of a buy position.
2748
2749 688
2750 00:30:55,560 ~-~-> 00:30:57,750
2751 Maybe they're still bullish, but because
2752
2753 689
2754 00:30:57,750 ~-~-> 00:31:02,490
2755 of the global stance against, you know,
2756
2757 690
2758 00:31:03,180 ~-~-> 00:31:04,920
2759 dis potential strike and the
2760
2761 691
2762 00:31:04,920 ~-~-> 00:31:07,230
2763 implications it may have on the markets.
2764
2765 692
2766 00:31:07,530 ~-~-> 00:31:09,870
2767 Maybe they have reduced their overall
2768
2769 693
2770 00:31:09,870 ~-~-> 00:31:11,640
2771 exposure by saying, well, we're going to
2772
2773 694
2774 00:31:11,640 ~-~-> 00:31:13,620
2775 buy it because we fundamentally,
2776
2777 695
2778 00:31:13,800 ~-~-> 00:31:15,450
2779 fundamentally think it's going to go
2780
2781 696
2782 00:31:15,450 ~-~-> 00:31:19,860
2783 higher or lower. Okay. They just scale
2784
2785 697
2786 00:31:19,860 ~-~-> 00:31:21,840
2787 back that and that's something that you
2788
2789 698
2790 00:31:21,840 ~-~-> 00:31:23,820
2791 should do as well. So what do I mean by
2792
2793 699
2794 00:31:23,820 ~-~-> 00:31:26,040
2795 that? Well, I mean, number one, scale
2796
2797 700
2798 00:31:26,040 ~-~-> 00:31:28,470
2799 back the level of trading leverage
2800
2801 701
2802 00:31:28,470 ~-~-> 00:31:30,660
2803 you're using, because anything can
2804
2805 702
2806 00:31:30,660 ~-~-> 00:31:32,190
2807 happen in these types of environments.
2808
2809 703
2810 00:31:32,220 ~-~-> 00:31:35,910
2811 Okay. But what will generally you'll see
2812
2813 704
2814 00:31:35,910 ~-~-> 00:31:38,280
2815 happening is there'll be a lot of range
2816
2817 705
2818 00:31:38,280 ~-~-> 00:31:42,660
2819 bound trading and spiky consolidation.
2820
2821 706
2822 00:31:44,070 ~-~-> 00:31:46,530
2823 But there's still opportunity to trade
2824
2825 707
2826 00:31:46,560 ~-~-> 00:31:47,970
2827 in that environment. You just got to
2828
2829 708
2830 00:31:47,970 ~-~-> 00:31:52,410
2831 lower your expectation. Slow down in
2832
2833 709
2834 00:31:52,410 ~-~-> 00:31:54,450
2835 terms of what you expect to see in terms
2836
2837 710
2838 00:31:54,450 ~-~-> 00:31:57,510
2839 of time, okay, and expect to spend a
2840
2841 711
2842 00:31:57,510 ~-~-> 00:32:00,330
2843 whole lot of time in the market moves I
2844
2845 712
2846 00:32:00,360 ~-~-> 00:32:03,270
2847 like for instance, if one was a buyer
2848
2849 713
2850 00:32:03,270 ~-~-> 00:32:06,030
2851 here on Tuesday, you'd have to sit
2852
2853 714
2854 00:32:06,030 ~-~-> 00:32:08,010
2855 through a long period of time before we
2856
2857 715
2858 00:32:08,010 ~-~-> 00:32:11,910
2859 got into the New York open on this day
2860
2861 716
2862 00:32:11,910 ~-~-> 00:32:16,110
2863 here on the September 4, before the part
2864
2865 717
2866 00:32:16,140 ~-~-> 00:32:18,090
2867 of the price new release to the upside.
2868
2869 718
2870 00:32:18,720 ~-~-> 00:32:24,120
2871 Now, if one was a seller, okay, you'd
2872
2873 719
2874 00:32:24,120 ~-~-> 00:32:27,810
2875 have to rely more on these resistance
2876
2877 720
2878 00:32:27,810 ~-~-> 00:32:31,320
2879 levels. Okay? And stick true to trading
2880
2881 721
2882 00:32:31,350 ~-~-> 00:32:35,310
2883 only at or very close to these levels.
2884
2885 722
2886 00:32:35,820 ~-~-> 00:32:39,030
2887 Meaning that if the market environment
2888
2889 723
2890 00:32:39,030 ~-~-> 00:32:40,950
2891 suggests that it's a lot of uncertainty,
2892
2893 724
2894 00:32:41,250 ~-~-> 00:32:44,370
2895 okay, there would be times where it
2896
2897 725
2898 00:32:44,370 ~-~-> 00:32:45,870
2899 maybe the price moved up here off these
2900
2901 726
2902 00:32:45,930 ~-~-> 00:32:48,390
2903 key resistance level and traded lower
2904
2905 727
2906 00:32:48,390 ~-~-> 00:32:50,370
2907 and then gave a retracement and maybe I
2908
2909 728
2910 00:32:50,370 ~-~-> 00:32:52,500
2911 would trade something away from that
2912
2913 729
2914 00:32:52,500 ~-~-> 00:32:54,930
2915 level. Okay, I want to own more
2916
2917 730
2918 00:32:57,030 ~-~-> 00:32:59,130
2919 calmer, global
2920
2921 731
2922 00:33:00,659 ~-~-> 00:33:02,279
2923 arena, okay, when there wasn't so much
2924
2925 732
2926 00:33:02,279 ~-~-> 00:33:04,559
2927 uncertainty because of potentially war
2928
2929 733
2930 00:33:04,829 ~-~-> 00:33:06,239
2931 breaking out in the Middle East and the
2932
2933 734
2934 00:33:06,239 ~-~-> 00:33:09,059
2935 implications that has, I would not be
2936
2937 735
2938 00:33:09,059 ~-~-> 00:33:11,249
2939 willing to trade far away from these
2940
2941 736
2942 00:33:11,249 ~-~-> 00:33:13,409
2943 levels and continue to move lower,
2944
2945 737
2946 00:33:13,589 ~-~-> 00:33:15,359
2947 meaning that I would miss these little
2948
2949 738
2950 00:33:15,359 ~-~-> 00:33:17,009
2951 small little moves in here because I
2952
2953 739
2954 00:33:17,009 ~-~-> 00:33:18,989
2955 don't care about trading out here in
2956
2957 740
2958 00:33:18,989 ~-~-> 00:33:21,299
2959 this open space between this level here
2960
2961 741
2962 00:33:21,299 ~-~-> 00:33:23,309
2963 and this level here. I would be more
2964
2965 742
2966 00:33:23,309 ~-~-> 00:33:25,529
2967 inclined to be trading at these levels.
2968
2969 743
2970 00:33:25,559 ~-~-> 00:33:27,779
2971 Okay. And you can see when price gets
2972
2973 744
2974 00:33:27,779 ~-~-> 00:33:30,239
2975 these levels the reaction to has okay.
2976
2977 745
2978 00:33:30,779 ~-~-> 00:33:32,549
2979 And that's what you want to be focusing
2980
2981 746
2982 00:33:32,669 ~-~-> 00:33:37,529
2983 focusing on the the the pact of these
2984
2985 747
2986 00:33:37,559 ~-~-> 00:33:39,239
2987 higher level timeframe support
2988
2989 748
2990 00:33:39,239 ~-~-> 00:33:41,489
2991 resistance levels, and applying that to
2992
2993 749
2994 00:33:41,489 ~-~-> 00:33:43,469
2995 your trading only trading when it gets
2996
2997 750
2998 00:33:43,469 ~-~-> 00:33:46,379
2999 to those particular levels and a
3000
3001 751
3002 00:33:46,469 ~-~-> 00:33:48,809
3003 confluence of other supporting
3004
3005 752
3006 00:33:50,789 ~-~-> 00:33:52,949
3007 indicators, whether it be price
3008
3009 753
3010 00:33:52,949 ~-~-> 00:33:55,109
3011 indicators or economic indicators that
3012
3013 754
3014 00:33:55,109 ~-~-> 00:33:57,419
3015 come around in terms of your economic
3016
3017 755
3018 00:33:57,419 ~-~-> 00:33:59,399
3019 calendar, and Hello, have you been
3020
3021 756
3022 00:33:59,399 ~-~-> 00:34:01,559
3023 looking at that? You should be because
3024
3025 757
3026 00:34:01,559 ~-~-> 00:34:04,409
3027 those things are very significant terms
3028
3029 758
3030 00:34:04,409 ~-~-> 00:34:05,729
3031 of trading. You got to know what's
3032
3033 759
3034 00:34:05,729 ~-~-> 00:34:09,689
3035 coming down the pike guys. So let's go
3036
3037 760
3038 00:34:09,689 ~-~-> 00:34:13,319
3039 in here and zoom in a little bit and go
3040
3041 761
3042 00:34:13,319 ~-~-> 00:34:18,479
3043 over what had transpired here. Okay? And
3044
3045 762
3046 00:34:18,989 ~-~-> 00:34:22,499
3047 we're going to use Friday, two Fridays
3048
3049 763
3050 00:34:22,499 ~-~-> 00:34:24,239
3051 ago. Okay and we're going to use this
3052
3053 764
3054 00:34:24,239 ~-~-> 00:34:27,389
3055 price point here. Okay? We have a price
3056
3057 765
3058 00:34:27,389 ~-~-> 00:34:31,079
3059 move down smaller retracement another
3060
3061 766
3062 00:34:31,079 ~-~-> 00:34:33,839
3063 move down. Okay and then a retracement.
3064
3065 767
3066 00:34:34,259 ~-~-> 00:34:38,939
3067 Okay. So we had one leg, two legs and
3068
3069 768
3070 00:34:38,939 ~-~-> 00:34:42,029
3071 then a retracement. Okay, now, another
3072
3073 769
3074 00:34:42,029 ~-~-> 00:34:44,489
3075 retrace to this particular level here at
3076
3077 770
3078 00:34:44,489 ~-~-> 00:34:46,709
3079 132 20 level
3080
3081 771
3082 00:34:48,090 ~-~-> 00:34:49,860
3083 one Monday, okay.
3084
3085 772
3086 00:34:50,940 ~-~-> 00:34:53,280
3087 We were still obviously looking for
3088
3089 773
3090 00:34:53,310 ~-~-> 00:34:55,410
3091 selling scenario because we were
3092
3093 774
3094 00:34:55,410 ~-~-> 00:34:57,450
3095 expecting lower prices based on a higher
3096
3097 775
3098 00:34:57,450 ~-~-> 00:35:00,000
3099 time frame idea that we're going to find
3100
3101 776
3102 00:35:00,000 ~-~-> 00:35:00,810
3103 rush out here.
3104
3105 777
3106 00:35:01,680 ~-~-> 00:35:02,220
3107 But
3108
3109 778
3110 00:35:02,940 ~-~-> 00:35:05,220
3111 we have a range high here to this range
3112
3113 779
3114 00:35:05,220 ~-~-> 00:35:11,670
3115 low. Okay. I'm going to show you this is
3116
3117 780
3118 00:35:12,180 ~-~-> 00:35:16,890
3119 the range here from the low to the high
3120
3121 781
3122 00:35:16,920 ~-~-> 00:35:20,280
3123 of that previous Friday. Okay. Now why
3124
3125 782
3126 00:35:20,280 ~-~-> 00:35:21,930
3127 am I using these price points? Okay,
3128
3129 783
3130 00:35:21,930 ~-~-> 00:35:24,150
3131 well, whenever you start a new week, I
3132
3133 784
3134 00:35:24,150 ~-~-> 00:35:28,470
3135 like to use discernible price swings and
3136
3137 785
3138 00:35:28,470 ~-~-> 00:35:30,000
3139 this is discernible. It's very clear,
3140
3141 786
3142 00:35:30,030 ~-~-> 00:35:32,970
3143 very distinct. Much in sync capacity
3144
3145 787
3146 00:35:32,970 ~-~-> 00:35:36,300
3147 this high down to this low is okay. Now
3148
3149 788
3150 00:35:36,330 ~-~-> 00:35:38,880
3151 you could have your level from this high
3152
3153 789
3154 00:35:38,940 ~-~-> 00:35:41,460
3155 to this low, but I'm not expecting much
3156
3157 790
3158 00:35:41,460 ~-~-> 00:35:43,110
3159 of a retracement because we're overall
3160
3161 791
3162 00:35:43,110 ~-~-> 00:35:45,900
3163 expected bearish on higher timeframe. So
3164
3165 792
3166 00:35:46,320 ~-~-> 00:35:48,120
3167 the likelihood of it retracing all the
3168
3169 793
3170 00:35:48,120 ~-~-> 00:35:50,070
3171 way up to these levels short could but I
3172
3173 794
3174 00:35:50,070 ~-~-> 00:35:52,740
3175 don't expect it. Okay, so I'm looking at
3176
3177 795
3178 00:35:52,740 ~-~-> 00:35:54,240
3179 price where we moved into this
3180
3181 796
3182 00:35:54,240 ~-~-> 00:35:56,910
3183 consolidation and we broke down. We're
3184
3185 797
3186 00:35:56,910 ~-~-> 00:35:58,020
3187 going to come right back to that same
3188
3189 798
3190 00:35:58,020 ~-~-> 00:36:03,750
3191 consolidation. Okay. price comes right
3192
3193 799
3194 00:36:03,750 ~-~-> 00:36:05,910
3195 up into that 62 level and then trade it
3196
3197 800
3198 00:36:05,910 ~-~-> 00:36:09,150
3199 off. Okay? We're going to use this same
3200
3201 801
3202 00:36:09,150 ~-~-> 00:36:12,240
3203 high and this low here, because this is
3204
3205 802
3206 00:36:12,240 ~-~-> 00:36:15,720
3207 a new swing a price swing from this high
3208
3209 803
3210 00:36:15,720 ~-~-> 00:36:18,480
3211 to this low. It's a larger, more
3212
3213 804
3214 00:36:18,780 ~-~-> 00:36:21,030
3215 dominant price swing, whereas this is a
3216
3217 805
3218 00:36:21,030 ~-~-> 00:36:22,950
3219 small little short term price swing and
3220
3221 806
3222 00:36:22,950 ~-~-> 00:36:26,280
3223 then a retracement. This is leg one leg
3224
3225 807
3226 00:36:26,280 ~-~-> 00:36:27,060
3227 two together.
3228
3229 808
3230 00:36:27,270 ~-~-> 00:36:29,850
3231 Okay, so here's leg one. And here's leg
3232
3233 809
3234 00:36:29,850 ~-~-> 00:36:30,180
3235 two.
3236
3237 810
3238 00:36:30,959 ~-~-> 00:36:32,879
3239 Now, if you look at the high down to
3240
3241 811
3242 00:36:32,879 ~-~-> 00:36:33,629
3243 that low,
3244
3245 812
3246 00:36:36,060 ~-~-> 00:36:37,500
3247 formed here on Tuesday,
3248
3249 813
3250 00:36:38,850 ~-~-> 00:36:41,370
3251 we have this high and we have this low.
3252
3253 814
3254 00:36:43,500 ~-~-> 00:36:44,400
3255 See what we have here.
3256
3257 815
3258 00:36:45,750 ~-~-> 00:36:47,280
3259 Price coming up to that sweet spot.
3260
3261 816
3262 00:36:47,400 ~-~-> 00:36:50,190
3263 Boom. Hit that right on Friday. I'm
3264
3265 817
3266 00:36:50,190 ~-~-> 00:36:50,940
3267 sorry Thursday
3268
3269 818
3270 00:36:51,480 ~-~-> 00:36:52,230
3271 and traded lower.
3272
3273 819
3274 00:36:54,540 ~-~-> 00:36:57,960
3275 Moving into the low on Friday. Okay, so
3276
3277 820
3278 00:36:57,960 ~-~-> 00:37:04,320
3279 now What was up here that caused this
3280
3281 821
3282 00:37:04,320 ~-~-> 00:37:08,640
3283 reaction? Okay, that's one of the
3284
3285 822
3286 00:37:08,700 ~-~-> 00:37:10,860
3287 assignments I want you to look at, go
3288
3289 823
3290 00:37:10,860 ~-~-> 00:37:14,250
3291 over your economic calendar, go over
3292
3293 824
3294 00:37:14,790 ~-~-> 00:37:18,060
3295 your, your charts on a five minute basis
3296
3297 825
3298 00:37:18,720 ~-~-> 00:37:21,810
3299 on an hourly basis for hour and daily.
3300
3301 826
3302 00:37:21,930 ~-~-> 00:37:24,060
3303 Okay, really hone in on this little area
3304
3305 827
3306 00:37:24,060 ~-~-> 00:37:25,800
3307 right here. Okay.
3308
3309 828
3310 00:37:29,880 ~-~-> 00:37:30,540
3311 The
3312
3313 829
3314 00:37:32,040 ~-~-> 00:37:35,310
3315 breakdown in the fiber or your yesterday
3316
3317 830
3318 00:37:35,310 ~-~-> 00:37:38,940
3319 as we would commonly hear it referred to
3320
3321 831
3322 00:37:38,940 ~-~-> 00:37:41,670
3323 as this was the actual high it was
3324
3325 832
3326 00:37:41,670 ~-~-> 00:37:45,090
3327 formed on the fiber and we traded lower.
3328
3329 833
3330 00:37:46,230 ~-~-> 00:37:48,450
3331 And right before that price high, okay,
3332
3333 834
3334 00:37:48,480 ~-~-> 00:37:50,160
3335 I want you to see something here. See
3336
3337 835
3338 00:37:50,160 ~-~-> 00:37:53,730
3339 this low. Okay, let's zoom out just one
3340
3341 836
3342 00:37:53,730 ~-~-> 00:37:58,380
3343 stage. Here's the high. Okay. Here's
3344
3345 837
3346 00:37:58,380 ~-~-> 00:37:59,820
3347 these lows that we're just talking
3348
3349 838
3350 00:37:59,820 ~-~-> 00:38:02,190
3351 about. The market broke those right
3352
3353 839
3354 00:38:02,190 ~-~-> 00:38:06,960
3355 there. Okay, when we see that that's
3356
3357 840
3358 00:38:06,960 ~-~-> 00:38:08,610
3359 generally a sign that this market wants
3360
3361 841
3362 00:38:08,610 ~-~-> 00:38:10,410
3363 to break down much in the same way you
3364
3365 842
3366 00:38:10,410 ~-~-> 00:38:13,410
3367 see it here. Okay, it broke the low here
3368
3369 843
3370 00:38:13,830 ~-~-> 00:38:15,870
3371 and tried to rally up and was a false
3372
3373 844
3374 00:38:15,960 ~-~-> 00:38:18,330
3375 swing and then gave up the ghost and
3376
3377 845
3378 00:38:18,330 ~-~-> 00:38:20,820
3379 went lower. Well, we have that same
3380
3381 846
3382 00:38:20,820 ~-~-> 00:38:25,500
3383 scenario here. Okay. And the reason why
3384
3385 847
3386 00:38:25,500 ~-~-> 00:38:28,440
3387 price was expected to break down here is
3388
3389 848
3390 00:38:28,440 ~-~-> 00:38:31,110
3391 if we go out to a daily chart real
3392
3393 849
3394 00:38:31,110 ~-~-> 00:38:37,350
3395 quick. See this old set of highs back
3396
3397 850
3398 00:38:37,350 ~-~-> 00:38:40,710
3399 here, price one just above that, ran to
3400
3401 851
3402 00:38:40,710 ~-~-> 00:38:43,680
3403 the 134 50 figure, mid figure right here
3404
3405 852
3406 00:38:43,710 ~-~-> 00:38:48,240
3407 rather and then traded lower. When we
3408
3409 853
3410 00:38:48,240 ~-~-> 00:38:50,340
3411 had this price pattern here, these are
3412
3413 854
3414 00:38:50,400 ~-~-> 00:38:53,730
3415 referred to as railroad tracks. Okay.
3416
3417 855
3418 00:38:54,420 ~-~-> 00:38:56,610
3419 And I like to see these types of
3420
3421 856
3422 00:38:56,610 ~-~-> 00:38:57,990
3423 patterns because number one, they're
3424
3425 857
3426 00:38:59,160 ~-~-> 00:39:01,080
3427 pretty powerful. In terms of
3428
3429 858
3430 00:39:01,110 ~-~-> 00:39:03,660
3431 prognostication, you see what happened
3432
3433 859
3434 00:39:03,660 ~-~-> 00:39:06,660
3435 here and price gave a very nice
3436
3437 860
3438 00:39:06,870 ~-~-> 00:39:08,880
3439 retracement here. This is very tradable.
3440
3441 861
3442 00:39:09,360 ~-~-> 00:39:10,800
3443 Now obviously when you contrast it
3444
3445 862
3446 00:39:10,800 ~-~-> 00:39:12,240
3447 against something like this where it
3448
3449 863
3450 00:39:12,240 ~-~-> 00:39:13,440
3451 rallies up like this where the rally
3452
3453 864
3454 00:39:13,440 ~-~-> 00:39:15,720
3455 here or the decline here, it doesn't
3456
3457 865
3458 00:39:15,720 ~-~-> 00:39:18,030
3459 look so dynamic but if you were to look
3460
3461 866
3462 00:39:18,030 ~-~-> 00:39:21,870
3463 inside that range from this high to this
3464
3465 867
3466 00:39:21,870 ~-~-> 00:39:24,810
3467 low we're looking at 168 pips, would you
3468
3469 868
3470 00:39:24,810 ~-~-> 00:39:26,400
3471 just throw away the opportunity to make
3472
3473 869
3474 00:39:26,400 ~-~-> 00:39:29,670
3475 on and 68 pips? Certainly not. Or at
3476
3477 870
3478 00:39:29,670 ~-~-> 00:39:33,750
3479 least you shouldn't. So again, dealing
3480
3481 871
3482 00:39:33,750 ~-~-> 00:39:35,400
3483 with these daily charts, there's a lot
3484
3485 872
3486 00:39:35,400 ~-~-> 00:39:36,990
3487 of pips, there's a lot of potential
3488
3489 873
3490 00:39:37,470 ~-~-> 00:39:39,990
3491 setups that are available to one, if you
3492
3493 874
3494 00:39:39,990 ~-~-> 00:39:41,610
3495 understand what you're looking for,
3496
3497 875
3498 00:39:41,730 ~-~-> 00:39:44,550
3499 okay, because we're looking at price and
3500
3501 876
3502 00:39:44,550 ~-~-> 00:39:47,490
3503 an old high here, when prices run up
3504
3505 877
3506 00:39:47,490 ~-~-> 00:39:50,070
3507 through an old high, but look at look at
3508
3509 878
3510 00:39:50,100 ~-~-> 00:39:52,890
3511 where the market came from. We come all
3512
3513 879
3514 00:39:52,890 ~-~-> 00:39:54,420
3515 the way up this low in the beginning of
3516
3517 880
3518 00:39:54,420 ~-~-> 00:39:56,700
3519 July, and it was basically a one sided
3520
3521 881
3522 00:39:56,700 ~-~-> 00:39:58,590
3523 market we very had very little
3524
3525 882
3526 00:39:58,590 ~-~-> 00:40:01,020
3527 retracements and Skip driving higher and
3528
3529 883
3530 00:40:01,020 ~-~-> 00:40:06,360
3531 higher and higher. Now, I got a lot of
3532
3533 884
3534 00:40:07,620 ~-~-> 00:40:09,540
3535 lines on this chart, but I'm going to
3536
3537 885
3538 00:40:09,540 ~-~-> 00:40:10,740
3539 refrain from taking them off because I'm
3540
3541 886
3542 00:40:10,740 ~-~-> 00:40:12,930
3543 gonna need them in a moment. But we have
3544
3545 887
3546 00:40:12,930 ~-~-> 00:40:15,060
3547 this rally up makes a swing high, then
3548
3549 888
3550 00:40:15,060 ~-~-> 00:40:17,010
3551 we rally up mixing those swing high and
3552
3553 889
3554 00:40:17,010 ~-~-> 00:40:18,810
3555 we rally up makes a higher swing high.
3556
3557 890
3558 00:40:18,900 ~-~-> 00:40:22,140
3559 Okay? Whenever you see the moves like
3560
3561 891
3562 00:40:22,140 ~-~-> 00:40:23,940
3563 this, keep pushing Higher, higher,
3564
3565 892
3566 00:40:23,940 ~-~-> 00:40:28,260
3567 higher into an old high. These are areas
3568
3569 893
3570 00:40:28,260 ~-~-> 00:40:30,720
3571 of where heavy distribution is taking
3572
3573 894
3574 00:40:30,720 ~-~-> 00:40:36,960
3575 place. Now, I learned a pattern called
3576
3577 895
3578 00:40:37,020 ~-~-> 00:40:39,450
3579 the three Indians pattern, okay. And
3580
3581 896
3582 00:40:39,450 ~-~-> 00:40:42,000
3583 it's basically like a three drive
3584
3585 897
3586 00:40:42,540 ~-~-> 00:40:44,340
3587 pattern where you got one high and
3588
3589 898
3590 00:40:44,370 ~-~-> 00:40:48,000
3591 higher high and another high, okay. It's
3592
3593 899
3594 00:40:48,000 ~-~-> 00:40:49,770
3595 a very common pattern. It's been around
3596
3597 900
3598 00:40:49,770 ~-~-> 00:40:52,200
3599 forever and I can't remember who really
3600
3601 901
3602 00:40:52,200 ~-~-> 00:40:54,540
3603 originated it. Larry Williams did some
3604
3605 902
3606 00:40:54,570 ~-~-> 00:40:57,120
3607 discussion on it. But I always just
3608
3609 903
3610 00:40:57,120 ~-~-> 00:40:59,130
3611 revert back to just you know, the street
3612
3613 904
3614 00:40:59,130 ~-~-> 00:40:59,820
3615 smarts book.
3616
3617 905
3618 00:41:01,589 ~-~-> 00:41:04,379
3619 Linda and Larry. And you can just google
3620
3621 906
3622 00:41:04,379 ~-~-> 00:41:06,839
3623 them up on the internet again, books
3624
3625 907
3626 00:41:06,839 ~-~-> 00:41:09,389
3627 street smarts. In the pattern here
3628
3629 908
3630 00:41:09,389 ~-~-> 00:41:11,339
3631 you're seeing is the three Indians
3632
3633 909
3634 00:41:11,339 ~-~-> 00:41:13,559
3635 pattern. It's a climax reversal pattern,
3636
3637 910
3638 00:41:13,739 ~-~-> 00:41:16,979
3639 meaning that the price is driven up to
3640
3641 911
3642 00:41:16,979 ~-~-> 00:41:18,929
3643 an extreme and generally it's just rate
3644
3645 912
3646 00:41:18,929 ~-~-> 00:41:21,149
3647 above an old high or into an old high.
3648
3649 913
3650 00:41:21,539 ~-~-> 00:41:22,649
3651 And then you can reasonably expect to
3652
3653 914
3654 00:41:22,649 ~-~-> 00:41:25,109
3655 see price the trade off. Now, I'm not
3656
3657 915
3658 00:41:25,109 ~-~-> 00:41:27,149
3659 suggesting Please don't take this as
3660
3661 916
3662 00:41:27,149 ~-~-> 00:41:29,279
3663 this is the high of the euro and it's
3664
3665 917
3666 00:41:29,279 ~-~-> 00:41:30,869
3667 going to go down to hell, okay, that's
3668
3669 918
3670 00:41:30,869 ~-~-> 00:41:33,149
3671 not what I'm saying here. Okay. What I'm
3672
3673 919
3674 00:41:33,149 ~-~-> 00:41:34,949
3675 saying is it's giving you a tradable
3676
3677 920
3678 00:41:34,979 ~-~-> 00:41:37,289
3679 reaction. That's sizable, okay. And
3680
3681 921
3682 00:41:37,289 ~-~-> 00:41:38,519
3683 we're going to talk about where we would
3684
3685 922
3686 00:41:38,519 ~-~-> 00:41:39,539
3687 be reasonably expected to see this
3688
3689 923
3690 00:41:39,539 ~-~-> 00:41:42,239
3691 market go lower. Okay, based on this
3692
3693 924
3694 00:41:42,299 ~-~-> 00:41:45,059
3695 understanding here, but looking at this
3696
3697 925
3698 00:41:45,059 ~-~-> 00:41:47,189
3699 high here, when we ran through that and
3700
3701 926
3702 00:41:47,189 ~-~-> 00:41:49,109
3703 gave up the ghost on that candle right
3704
3705 927
3706 00:41:49,109 ~-~-> 00:41:52,499
3707 there, that was the fate sealer for me,
3708
3709 928
3710 00:41:52,919 ~-~-> 00:41:54,629
3711 that we're probably looking to see this
3712
3713 929
3714 00:41:54,629 ~-~-> 00:41:56,819
3715 market blow out and go lower and then
3716
3717 930
3718 00:41:56,819 ~-~-> 00:41:59,459
3719 when the next candle here took out the
3720
3721 931
3722 00:41:59,459 ~-~-> 00:42:02,609
3723 lows Prior to that rally, okay that
3724
3725 932
3726 00:42:02,609 ~-~-> 00:42:04,079
3727 right there is a break in market
3728
3729 933
3730 00:42:04,079 ~-~-> 00:42:07,349
3731 structure that right there suggests that
3732
3733 934
3734 00:42:07,349 ~-~-> 00:42:09,359
3735 this market is now poised to trade
3736
3737 935
3738 00:42:09,359 ~-~-> 00:42:12,029
3739 lower. So any rallies from this point on
3740
3741 936
3742 00:42:12,269 ~-~-> 00:42:13,979
3743 should be suspect in other words you
3744
3745 937
3746 00:42:13,979 ~-~-> 00:42:17,279
3747 selling Are you selling into them as a
3748
3749 938
3750 00:42:17,309 ~-~-> 00:42:19,889
3751 mode of trading, so don't be buying into
3752
3753 939
3754 00:42:19,889 ~-~-> 00:42:21,629
3755 it expecting to keep going higher now
3756
3757 940
3758 00:42:21,809 ~-~-> 00:42:23,729
3759 will eventually sometimes do that
3760
3761 941
3762 00:42:23,729 ~-~-> 00:42:25,679
3763 certainly will. Okay because I'm not
3764
3765 942
3766 00:42:25,679 ~-~-> 00:42:28,139
3767 100% but by far and large when you see
3768
3769 943
3770 00:42:28,139 ~-~-> 00:42:29,879
3771 these types of events happen, it does
3772
3773 944
3774 00:42:29,879 ~-~-> 00:42:31,169
3775 give you an opportunity to trade short.
3776
3777 945
3778 00:42:32,279 ~-~-> 00:42:35,039
3779 Just go back down to a 15 minute
3780
3781 946
3782 00:42:35,039 ~-~-> 00:42:35,609
3783 timeframe.
3784
3785 947
3786 00:42:43,590 ~-~-> 00:42:45,360
3787 Okay, and here's that hi here we were
3788
3789 948
3790 00:42:45,360 ~-~-> 00:42:46,890
3791 just discussing and when it broke down
3792
3793 949
3794 00:42:49,110 ~-~-> 00:42:53,580
3795 we see the break below the low prior to
3796
3797 950
3798 00:42:53,580 ~-~-> 00:42:56,130
3799 that last rally up. Okay. So now here
3800
3801 951
3802 00:42:56,160 ~-~-> 00:42:57,990
3803 what we have is we have the range high
3804
3805 952
3806 00:42:58,530 ~-~-> 00:43:01,470
3807 to the low once these lows were taken
3808
3809 953
3810 00:43:01,470 ~-~-> 00:43:03,300
3811 out, we have a shift in market
3812
3813 954
3814 00:43:03,300 ~-~-> 00:43:05,340
3815 structure. Now what does that mean?
3816
3817 955
3818 00:43:05,430 ~-~-> 00:43:09,090
3819 Well, it means that we have a low, too
3820
3821 956
3822 00:43:09,090 ~-~-> 00:43:12,240
3823 high, a low, too high, then we have a
3824
3825 957
3826 00:43:12,240 ~-~-> 00:43:15,660
3827 lower low prior to that rally. So we
3828
3829 958
3830 00:43:15,660 ~-~-> 00:43:19,530
3831 have a break in what would be considered
3832
3833 959
3834 00:43:19,620 ~-~-> 00:43:22,980
3835 market bullishness breaking down, okay?
3836
3837 960
3838 00:43:24,180 ~-~-> 00:43:26,070
3839 Again, because I'm not a fan of support
3840
3841 961
3842 00:43:26,070 ~-~-> 00:43:29,700
3843 resistance, I'm not going to draw. I'm
3844
3845 962
3846 00:43:29,700 ~-~-> 00:43:32,220
3847 sorry, I shouldn't say very, very large
3848
3849 963
3850 00:43:32,250 ~-~-> 00:43:33,750
3851 fan support resistance. I'm just not a
3852
3853 964
3854 00:43:33,990 ~-~-> 00:43:36,390
3855 fan of diagonal support resistance in
3856
3857 965
3858 00:43:36,390 ~-~-> 00:43:38,610
3859 the form of like trend lines. But if one
3860
3861 966
3862 00:43:38,610 ~-~-> 00:43:40,770
3863 was to draw a trend line like this,
3864
3865 967
3866 00:43:41,010 ~-~-> 00:43:43,470
3867 okay, one could say okay, well here we
3868
3869 968
3870 00:43:43,470 ~-~-> 00:43:45,030
3871 have a price point here we have a price
3872
3873 969
3874 00:43:45,030 ~-~-> 00:43:47,460
3875 point here. trend line breaks Here comes
3876
3877 970
3878 00:43:47,460 ~-~-> 00:43:49,080
3879 up, retest goes through it just a little
3880
3881 971
3882 00:43:49,080 ~-~-> 00:43:51,180
3883 bit and it falls off. That's all fine
3884
3885 972
3886 00:43:51,180 ~-~-> 00:43:52,980
3887 and great. Okay, but I've seen many
3888
3889 973
3890 00:43:52,980 ~-~-> 00:43:54,300
3891 times where these types of scenarios
3892
3893 974
3894 00:43:54,300 ~-~-> 00:43:56,130
3895 don't even have any impact whatsoever.
3896
3897 975
3898 00:43:56,130 ~-~-> 00:43:58,980
3899 It's blows on through, okay, so again,
3900
3901 976
3902 00:43:59,070 ~-~-> 00:44:01,200
3903 if you try trend lines go right ahead
3904
3905 977
3906 00:44:01,200 ~-~-> 00:44:02,910
3907 and use them. I'm not trying to
3908
3909 978
3910 00:44:02,910 ~-~-> 00:44:04,800
3911 disparage those that do. I'm just
3912
3913 979
3914 00:44:04,800 ~-~-> 00:44:05,850
3915 telling you, if you're looking for trend
3916
3917 980
3918 00:44:05,850 ~-~-> 00:44:07,410
3919 lines down the diagonal support
3920
3921 981
3922 00:44:07,410 ~-~-> 00:44:09,780
3923 resistance basis with me, you're not
3924
3925 982
3926 00:44:09,780 ~-~-> 00:44:11,130
3927 going to find it. There's going to be
3928
3929 983
3930 00:44:11,340 ~-~-> 00:44:15,450
3931 you know, a drought because I don't I
3932
3933 984
3934 00:44:15,450 ~-~-> 00:44:17,490
3935 don't work with that. So we have this
3936
3937 985
3938 00:44:17,520 ~-~-> 00:44:20,460
3939 range here this high and this low. Okay.
3940
3941 986
3942 00:44:20,910 ~-~-> 00:44:24,180
3943 And as price rallies on up in here,
3944
3945 987
3946 00:44:24,330 ~-~-> 00:44:25,830
3947 price goes right up to that sweet spot.
3948
3949 988
3950 00:44:25,920 ~-~-> 00:44:30,600
3951 Okay, as your 70.5 level, unique to ICT.
3952
3953 989
3954 00:44:31,110 ~-~-> 00:44:34,050
3955 So here we have price reacting very
3956
3957 990
3958 00:44:34,050 ~-~-> 00:44:37,380
3959 nicely. And then coming down, giving you
3960
3961 991
3962 00:44:37,380 ~-~-> 00:44:39,210
3963 several opportunities trading off that
3964
3965 992
3966 00:44:39,210 ~-~-> 00:44:41,790
3967 62% retracement level see that price is
3968
3969 993
3970 00:44:41,790 ~-~-> 00:44:44,730
3971 having a very strong resistance around
3972
3973 994
3974 00:44:44,730 ~-~-> 00:44:47,670
3975 that price point. Okay. All of a sudden
3976
3977 995
3978 00:44:47,670 ~-~-> 00:44:50,190
3979 the market breaks down again. Okay, and
3980
3981 996
3982 00:44:50,190 ~-~-> 00:44:53,010
3983 we start taking out the lows here and
3984
3985 997
3986 00:44:53,040 ~-~-> 00:44:56,220
3987 this low here when that thing gives us
3988
3989 998
3990 00:44:56,220 ~-~-> 00:44:57,960
3991 all you know it's all over with and you
3992
3993 999
3994 00:44:57,960 ~-~-> 00:44:59,580
3995 can see that happening here. The market
3996
3997 1000
3998 00:44:59,580 ~-~-> 00:45:01,740
3999 participants derive it lower and then
4000
4001 1001
4002 00:45:01,740 ~-~-> 00:45:03,990
4003 just didn't have any momentum whatsoever
4004
4005 1002
4006 00:45:03,990 ~-~-> 00:45:07,350
4007 in terms of trying to come back and we
4008
4009 1003
4010 00:45:07,350 ~-~-> 00:45:11,280
4011 move lower and lower lower. So now once
4012
4013 1004
4014 00:45:11,280 ~-~-> 00:45:12,600
4015 we have this break and Mark structure
4016
4017 1005
4018 00:45:12,600 ~-~-> 00:45:15,990
4019 and price rallies up here, okay? what we
4020
4021 1006
4022 00:45:15,990 ~-~-> 00:45:19,650
4023 will be doing is looking for areas of
4024
4025 1007
4026 00:45:19,680 ~-~-> 00:45:21,540
4027 resistance or support breaking then
4028
4029 1008
4030 00:45:21,540 ~-~-> 00:45:23,400
4031 turning resistance where we would time
4032
4033 1009
4034 00:45:23,670 ~-~-> 00:45:27,660
4035 shorts. Okay, we time shorts. Now let's
4036
4037 1010
4038 00:45:27,660 ~-~-> 00:45:32,880
4039 add a couple examples here. But we're
4040
4041 1011
4042 00:45:32,880 ~-~-> 00:45:35,130
4043 going to apply Okay, we're going to
4044
4045 1012
4046 00:45:35,130 ~-~-> 00:45:39,450
4047 apply some let's go back to the vertical
4048
4049 1013
4050 00:45:39,450 ~-~-> 00:45:42,930
4051 lines here because we're gonna imply the
4052
4053 1014
4054 00:45:42,960 ~-~-> 00:45:45,360
4055 week phenomenon that we like to look for
4056
4057 1015
4058 00:45:45,840 ~-~-> 00:45:47,820
4059 Tuesday and or Wednesday, forming the
4060
4061 1016
4062 00:45:47,820 ~-~-> 00:45:49,650
4063 high the week and you see that happening
4064
4065 1017
4066 00:45:49,650 ~-~-> 00:45:52,890
4067 here. Okay, but as price rallied up,
4068
4069 1018
4070 00:45:53,760 ~-~-> 00:45:57,000
4071 this is a suspect rally. Why? Because we
4072
4073 1019
4074 00:45:57,000 ~-~-> 00:45:59,010
4075 had already broken down based on this
4076
4077 1020
4078 00:45:59,010 ~-~-> 00:46:05,070
4079 low uniform Lower on these lows here
4080
4081 1021
4082 00:46:05,070 ~-~-> 00:46:08,520
4083 taken out. And the rally up is suspect
4084
4085 1022
4086 00:46:08,550 ~-~-> 00:46:10,620
4087 when we start to break lower. We had
4088
4089 1023
4090 00:46:10,620 ~-~-> 00:46:11,700
4091 these lows taken out,
4092
4093 1024
4094 00:46:13,019 ~-~-> 00:46:13,799
4095 rallies up.
4096
4097 1025
4098 00:46:15,870 ~-~-> 00:46:17,550
4099 Now we have a new range, we have this
4100
4101 1026
4102 00:46:17,550 ~-~-> 00:46:22,320
4103 high, down to this low. See that? Now
4104
4105 1027
4106 00:46:22,320 ~-~-> 00:46:24,000
4107 look at what's happening here, prices
4108
4109 1028
4110 00:46:24,000 ~-~-> 00:46:28,500
4111 working within. Here's your 79% 70 and a
4112
4113 1029
4114 00:46:28,500 ~-~-> 00:46:32,460
4115 half percent and 60%. All this time
4116
4117 1030
4118 00:46:32,460 ~-~-> 00:46:34,530
4119 price spent in that small little
4120
4121 1031
4122 00:46:34,530 ~-~-> 00:46:36,630
4123 consolidation, and then price broke
4124
4125 1032
4126 00:46:36,630 ~-~-> 00:46:39,900
4127 down, came back up, broke down, came
4128
4129 1033
4130 00:46:39,900 ~-~-> 00:46:42,720
4131 back up, broke down, came back up, broke
4132
4133 1034
4134 00:46:42,720 ~-~-> 00:46:45,930
4135 down. Okay. Again, we're looking at a 15
4136
4137 1035
4138 00:46:45,930 ~-~-> 00:46:49,560
4139 minute time frame. Now, you could frame
4140
4141 1036
4142 00:46:49,560 ~-~-> 00:46:52,080
4143 trades on that. Or if you really want to
4144
4145 1037
4146 00:46:52,080 ~-~-> 00:46:55,470
4147 reduce risk, okay, you can zero in and
4148
4149 1038
4150 00:46:55,470 ~-~-> 00:46:58,560
4151 go lower to a five minute chart. Okay,
4152
4153 1039
4154 00:46:58,560 ~-~-> 00:46:59,340
4155 and we're going to do that now. We're
4156
4157 1040
4158 00:46:59,340 ~-~-> 00:47:00,960
4159 going to work within The week of the
4160
4161 1041
4162 00:47:01,140 ~-~-> 00:47:06,570
4163 seven, what is that 24th and the 30th.
4164
4165 1042
4166 00:47:06,600 ~-~-> 00:47:11,160
4167 So it's going down to a five minute. And
4168
4169 1043
4170 00:47:11,160 ~-~-> 00:47:12,510
4171 this is where price was consolidating
4172
4173 1044
4174 00:47:12,510 ~-~-> 00:47:15,630
4175 all around that area. And price breaks
4176
4177 1045
4178 00:47:15,630 ~-~-> 00:47:18,750
4179 down here now rallies up. We have hold
4180
4181 1046
4182 00:47:18,750 ~-~-> 00:47:20,460
4183 high here. We have old high here and old
4184
4185 1047
4186 00:47:20,460 ~-~-> 00:47:24,030
4187 high here. Watch what we do here. We're
4188
4189 1048
4190 00:47:24,030 ~-~-> 00:47:26,820
4191 going to use this high here. This is
4192
4193 1049
4194 00:47:26,820 ~-~-> 00:47:30,330
4195 seven GMT is essentially the beginning
4196
4197 1050
4198 00:47:30,930 ~-~-> 00:47:33,900
4199 of the European session. And we're going
4200
4201 1051
4202 00:47:33,900 ~-~-> 00:47:35,340
4203 to pull it down to the low prior to that
4204
4205 1052
4206 00:47:35,340 ~-~-> 00:47:37,890
4207 rally up, goes right to the sweet spot.
4208
4209 1053
4210 00:47:37,920 ~-~-> 00:47:41,040
4211 And this candle comes in at 1300 GMT.
4212
4213 1054
4214 00:47:41,040 ~-~-> 00:47:43,050
4215 That's New York open. Remember, we were
4216
4217 1055
4218 00:47:43,050 ~-~-> 00:47:45,930
4219 talking about how in the previous
4220
4221 1056
4222 00:47:45,930 ~-~-> 00:47:50,670
4223 episodes where we could see specific
4224
4225 1057
4226 00:47:50,670 ~-~-> 00:47:53,610
4227 price moves unfold in the two largest
4228
4229 1058
4230 00:47:54,540 ~-~-> 00:47:55,920
4231 trading sessions that being one and
4232
4233 1059
4234 00:47:55,920 ~-~-> 00:47:57,690
4235 open. In New York open those two
4236
4237 1060
4238 00:47:57,720 ~-~-> 00:48:00,540
4239 sessions overlap but unified Normally
4240
4241 1061
4242 00:48:00,540 ~-~-> 00:48:03,300
4243 inside of individual London and New
4244
4245 1062
4246 00:48:03,300 ~-~-> 00:48:05,280
4247 York, there are particular price swings
4248
4249 1063
4250 00:48:05,460 ~-~-> 00:48:06,960
4251 that take place and we're gonna discuss
4252
4253 1064
4254 00:48:06,960 ~-~-> 00:48:09,630
4255 that later on in this video. But here's
4256
4257 1065
4258 00:48:09,630 ~-~-> 00:48:12,540
4259 an opportunity. One could get short one,
4260
4261 1066
4262 00:48:13,020 ~-~-> 00:48:14,580
4263 trading off of this resistance level
4264
4265 1067
4266 00:48:14,580 ~-~-> 00:48:16,950
4267 that was noted in advance, trades down
4268
4269 1068
4270 00:48:16,980 ~-~-> 00:48:18,600
4271 off, bounce off this support. Now notice
4272
4273 1069
4274 00:48:18,600 ~-~-> 00:48:20,130
4275 how price sweeps it's the below it a
4276
4277 1070
4278 00:48:20,130 ~-~-> 00:48:23,580
4279 little bit, okay, and then reacts when
4280
4281 1071
4282 00:48:23,580 ~-~-> 00:48:26,700
4283 it bounces here, okay? Not only is it
4284
4285 1072
4286 00:48:26,700 ~-~-> 00:48:29,490
4287 bouncing here to give you a rally to
4288
4289 1073
4290 00:48:29,490 ~-~-> 00:48:32,700
4291 sell into, but if you're a scalper Okay,
4292
4293 1074
4294 00:48:32,850 ~-~-> 00:48:35,940
4295 if you're a scalper see this low here.
4296
4297 1075
4298 00:48:36,450 ~-~-> 00:48:39,180
4299 It rallies on up and spends a lot of
4300
4301 1076
4302 00:48:39,180 ~-~-> 00:48:42,150
4303 time in here. Okay, let's look at how
4304
4305 1077
4306 00:48:42,150 ~-~-> 00:48:46,500
4307 much of a bounce that took place. We're
4308
4309 1078
4310 00:48:46,500 ~-~-> 00:48:50,430
4311 looking at about 35 pips or so of a
4312
4313 1079
4314 00:48:50,430 ~-~-> 00:48:52,980
4315 bounce. So if you're a scalper, here's
4316
4317 1080
4318 00:48:52,980 ~-~-> 00:48:54,450
4319 your higher time frame support level.
4320
4321 1081
4322 00:48:55,920 ~-~-> 00:48:58,080
4323 You have an old low back here, this
4324
4325 1082
4326 00:48:58,080 ~-~-> 00:49:02,130
4327 rally and then dips down, okay, it goes
4328
4329 1083
4330 00:49:02,130 ~-~-> 00:49:04,020
4331 back to this same little consolidation.
4332
4333 1084
4334 00:49:04,620 ~-~-> 00:49:08,790
4335 market participants are gonna be really
4336
4337 1085
4338 00:49:08,790 ~-~-> 00:49:11,910
4339 sensitive to this area of interest in
4340
4341 1086
4342 00:49:11,910 ~-~-> 00:49:15,180
4343 terms of price data. When price moves
4344
4345 1087
4346 00:49:15,210 ~-~-> 00:49:17,220
4347 out of a consolidation and it eventually
4348
4349 1088
4350 00:49:17,220 ~-~-> 00:49:18,750
4351 comes back down to it, it's reasonable
4352
4353 1089
4354 00:49:18,750 ~-~-> 00:49:20,430
4355 to expect another reaction now, it
4356
4357 1090
4358 00:49:20,430 ~-~-> 00:49:21,900
4359 doesn't mean it's going to go right to
4360
4361 1091
4362 00:49:21,900 ~-~-> 00:49:24,480
4363 the moon. Okay, but if you are bearish
4364
4365 1092
4366 00:49:24,720 ~-~-> 00:49:27,450
4367 and if you're a scalper on a short term
4368
4369 1093
4370 00:49:27,450 ~-~-> 00:49:29,430
4371 you could buy into this and if you're
4372
4373 1094
4374 00:49:29,430 ~-~-> 00:49:31,140
4375 really nimble, and I'm not suggesting
4376
4377 1095
4378 00:49:31,170 ~-~-> 00:49:34,440
4379 you try to be, but one could do what
4380
4381 1096
4382 00:49:34,440 ~-~-> 00:49:36,420
4383 I've done very little of in my trading
4384
4385 1097
4386 00:49:36,420 ~-~-> 00:49:38,070
4387 history, but I knew a few guys that are
4388
4389 1098
4390 00:49:38,070 ~-~-> 00:49:40,530
4391 very nimble like this, they'll buy this
4392
4393 1099
4394 00:49:40,530 ~-~-> 00:49:42,510
4395 then go short on a reversal and then
4396
4397 1100
4398 00:49:42,510 ~-~-> 00:49:44,730
4399 ride the other way down. I'm not that
4400
4401 1101
4402 00:49:44,730 ~-~-> 00:49:46,740
4403 good. I'm not claiming to be that good,
4404
4405 1102
4406 00:49:46,740 ~-~-> 00:49:49,860
4407 but I have seen it done. A couple years
4408
4409 1103
4410 00:49:49,860 ~-~-> 00:49:53,280
4411 ago, I was on a website forum shared a
4412
4413 1104
4414 00:49:53,310 ~-~-> 00:49:56,610
4415 live example of me doing that very thing
4416
4417 1105
4418 00:49:56,670 ~-~-> 00:50:00,510
4419 and a reversal in a time Kinda like
4420
4421 1106
4422 00:50:00,510 ~-~-> 00:50:01,620
4423 excited a lot of folks that were
4424
4425 1107
4426 00:50:01,620 ~-~-> 00:50:04,050
4427 actually watching it live. But I can
4428
4429 1108
4430 00:50:04,050 ~-~-> 00:50:05,250
4431 assure you, that doesn't happen all the
4432
4433 1109
4434 00:50:05,250 ~-~-> 00:50:07,080
4435 time. And I just happen to be lucky on
4436
4437 1110
4438 00:50:07,080 ~-~-> 00:50:09,420
4439 this one few rare instances where
4440
4441 1111
4442 00:50:10,440 ~-~-> 00:50:13,800
4443 witnesses were, were present. So here's
4444
4445 1112
4446 00:50:13,800 ~-~-> 00:50:15,600
4447 an opportunity to be a seller here, and
4448
4449 1113
4450 00:50:16,620 ~-~-> 00:50:18,780
4451 that was on a Wednesday, okay, and we
4452
4453 1114
4454 00:50:18,810 ~-~-> 00:50:21,180
4455 looking for the market move lower into
4456
4457 1115
4458 00:50:21,900 ~-~-> 00:50:25,320
4459 Friday, because the overall bears tone
4460
4461 1116
4462 00:50:25,830 ~-~-> 00:50:29,550
4463 sets that that stage up, we have a
4464
4465 1117
4466 00:50:29,550 ~-~-> 00:50:31,410
4467 resistance level here, prices unable to
4468
4469 1118
4470 00:50:31,410 ~-~-> 00:50:33,960
4471 go higher. Okay, trades lower, and it
4472
4473 1119
4474 00:50:33,960 ~-~-> 00:50:35,310
4475 starts to rally up. So what would you
4476
4477 1120
4478 00:50:35,310 ~-~-> 00:50:37,290
4479 think would be here, if you pull your
4480
4481 1121
4482 00:50:37,290 ~-~-> 00:50:39,690
4483 fib, you got to use this high not here,
4484
4485 1122
4486 00:50:40,140 ~-~-> 00:50:42,300
4487 use the highest high round that level.
4488
4489 1123
4490 00:50:42,600 ~-~-> 00:50:46,320
4491 So here's a high and again, we're really
4492
4493 1124
4494 00:50:46,770 ~-~-> 00:50:48,810
4495 splitting hairs with this in terms of
4496
4497 1125
4498 00:50:48,840 ~-~-> 00:50:51,150
4499 the five minute chart, but you can see
4500
4501 1126
4502 00:50:51,150 ~-~-> 00:50:55,890
4503 that it does give some quality setups
4504
4505 1127
4506 00:50:55,890 ~-~-> 00:50:57,420
4507 and again, if you look at this, this is
4508
4509 1128
4510 00:50:57,420 ~-~-> 00:50:59,220
4511 your optimal trade entry and you'll have
4512
4513 1129
4514 00:50:59,220 ~-~-> 00:51:00,690
4515 to zoom in on your own Because I'm not
4516
4517 1130
4518 00:51:00,690 ~-~-> 00:51:03,000
4519 going to do that here. I guess if I
4520
4521 1131
4522 00:51:03,000 ~-~-> 00:51:04,560
4523 moved out this way a little bit, you'll
4524
4525 1132
4526 00:51:04,560 ~-~-> 00:51:05,520
4527 see it a little bit better.
4528
4529 1133
4530 00:51:06,870 ~-~-> 00:51:11,640
4531 Yeah 60 to 70 and a half and 79% is the
4532
4533 1134
4534 00:51:11,640 ~-~-> 00:51:14,070
4535 actual height of the candle. And that
4536
4537 1135
4538 00:51:14,070 ~-~-> 00:51:17,850
4539 happens to be around the asian session.
4540
4541 1136
4542 00:51:18,360 ~-~-> 00:51:20,160
4543 So you could actually call very nice
4544
4545 1137
4546 00:51:20,160 ~-~-> 00:51:21,420
4547 move in the asian session, which we're
4548
4549 1138
4550 00:51:21,420 ~-~-> 00:51:22,890
4551 not gonna be talking too much about in
4552
4553 1139
4554 00:51:22,890 ~-~-> 00:51:26,220
4555 this video series. really rely more on
4556
4557 1140
4558 00:51:26,220 ~-~-> 00:51:28,800
4559 the London opening new york open
4560
4561 1141
4562 00:51:29,850 ~-~-> 00:51:30,480
4563 sessions.
4564
4565 1142
4566 00:51:31,620 ~-~-> 00:51:37,020
4567 We have a high here it 840 GMT and
4568
4569 1143
4570 00:51:37,020 ~-~-> 00:51:41,460
4571 another high here at 1220. So we have a
4572
4573 1144
4574 00:51:41,970 ~-~-> 00:51:45,000
4575 London open swing high and we have a new
4576
4577 1145
4578 00:51:45,000 ~-~-> 00:51:47,010
4579 york open swing high and the overall
4580
4581 1146
4582 00:51:47,010 ~-~-> 00:51:50,070
4583 bearishness is again focused on because
4584
4585 1147
4586 00:51:50,070 ~-~-> 00:51:53,760
4587 it's higher timeframe. Any rallies you
4588
4589 1148
4590 00:51:53,760 ~-~-> 00:51:56,880
4591 look to sell so here's a high to a low
4592
4593 1149
4594 00:52:00,360 ~-~-> 00:52:02,190
4595 Put that on that low where it belongs.
4596
4597 1150
4598 00:52:03,390 ~-~-> 00:52:09,750
4599 And price trades right up into the sweet
4600
4601 1151
4602 00:52:09,750 ~-~-> 00:52:12,960
4603 spot which is confirmed confluence of
4604
4605 1152
4606 00:52:13,350 ~-~-> 00:52:15,390
4607 factors here we have a higher level
4608
4609 1153
4610 00:52:15,390 ~-~-> 00:52:17,460
4611 timeframe support resistance level, that
4612
4613 1154
4614 00:52:17,460 ~-~-> 00:52:20,760
4615 132 67 level ish, you can go around, you
4616
4617 1155
4618 00:52:20,760 ~-~-> 00:52:24,420
4619 can round that to 132 70 or 132 60 small
4620
4621 1156
4622 00:52:24,420 ~-~-> 00:52:27,480
4623 round number and time of day that occurs
4624
4625 1157
4626 00:52:27,480 ~-~-> 00:52:31,140
4627 it's 1215 and that's the New York open
4628
4629 1158
4630 00:52:31,470 ~-~-> 00:52:32,940
4631 and then price moves lower,
4632
4633 1159
4634 00:52:33,300 ~-~-> 00:52:34,170
4635 respectively.
4636
4637 1160
4638 00:52:35,880 ~-~-> 00:52:36,750
4639 Then we have
4640
4641 1161
4642 00:52:39,630 ~-~-> 00:52:43,410
4643 again, price trading at this 132 39.
4644
4645 1162
4646 00:52:43,410 ~-~-> 00:52:45,870
4647 Well, it's called 139. I'm sorry, 130 to
4648
4649 1163
4650 00:52:45,870 ~-~-> 00:52:48,930
4651 440 level it was round to a nice round
4652
4653 1164
4654 00:52:48,930 ~-~-> 00:52:51,540
4655 number. We have this range here trading
4656
4657 1165
4658 00:52:51,540 ~-~-> 00:52:53,550
4659 off of this resistance down to this
4660
4661 1166
4662 00:52:53,550 ~-~-> 00:52:54,570
4663 resistance and then there's a
4664
4665 1167
4666 00:52:54,570 ~-~-> 00:52:59,310
4667 retracement. Okay and pulling that
4668
4669 1168
4670 00:53:00,930 ~-~-> 00:53:01,680
4671 range
4672
4673 1169
4674 00:53:09,179 ~-~-> 00:53:13,829
4675 make sure we get our candles. Okay we
4676
4677 1170
4678 00:53:13,829 ~-~-> 00:53:16,649
4679 have in here we have Asia, making the
4680
4681 1171
4682 00:53:16,649 ~-~-> 00:53:20,819
4683 high the actual high formed on 130 GMT.
4684
4685 1172
4686 00:53:22,229 ~-~-> 00:53:26,849
4687 This candle here is the 910 GMT it's new
4688
4689 1173
4690 00:53:26,879 ~-~-> 00:53:30,869
4691 I'm sorry London open price breaks down
4692
4693 1174
4694 00:53:32,099 ~-~-> 00:53:34,979
4695 a couple different little micro rallies
4696
4697 1175
4698 00:53:34,979 ~-~-> 00:53:36,359
4699 in here and then finally gave up the
4700
4701 1176
4702 00:53:36,359 ~-~-> 00:53:39,749
4703 ghost at 1230 GMT which is New York open
4704
4705 1177
4706 00:53:40,199 ~-~-> 00:53:43,769
4707 again trading right up into that 132 39
4708
4709 1178
4710 00:53:43,769 ~-~-> 00:53:46,559
4711 or 130 to 40 level and then really fell
4712
4713 1179
4714 00:53:46,559 ~-~-> 00:53:51,569
4715 out of bed and again here trading in the
4716
4717 1180
4718 00:53:51,569 ~-~-> 00:53:54,119
4719 same direction intraday we have this
4720
4721 1181
4722 00:53:54,119 ~-~-> 00:53:56,519
4723 resistance broken, I'm sorry support
4724
4725 1182
4726 00:53:56,519 ~-~-> 00:53:58,979
4727 broken now resistance and this small
4728
4729 1183
4730 00:53:58,979 ~-~-> 00:54:00,629
4731 little range if you looked at that Hi in
4732
4733 1184
4734 00:54:00,629 ~-~-> 00:54:02,249
4735 the low of that you'll get another small
4736
4737 1185
4738 00:54:02,249 ~-~-> 00:54:05,549
4739 little retracement for a London close
4740
4741 1186
4742 00:54:06,569 ~-~-> 00:54:09,029
4743 continuation pattern going into the low
4744
4745 1187
4746 00:54:09,089 ~-~-> 00:54:09,689
4747 of the day.
4748
4749 1188
4750 00:54:12,090 ~-~-> 00:54:12,690
4751 We have
4752
4753 1189
4754 00:54:22,380 ~-~-> 00:54:25,170
4755 the high here in Asia previous day's
4756
4757 1190
4758 00:54:25,170 ~-~-> 00:54:30,210
4759 high and low. Okay price comes down
4760
4761 1191
4762 00:54:30,390 ~-~-> 00:54:32,640
4763 rallies up into the 62% retracement
4764
4765 1192
4766 00:54:32,640 ~-~-> 00:54:36,450
4767 level here and it's confirmed by this
4768
4769 1193
4770 00:54:36,450 ~-~-> 00:54:40,800
4771 same 30 to 20 level which is nice levels
4772
4773 1194
4774 00:54:40,800 ~-~-> 00:54:43,650
4775 30 to 20 inch institutional level we
4776
4777 1195
4778 00:54:43,650 ~-~-> 00:54:46,680
4779 like to watch the 20 levels and an old
4780
4781 1196
4782 00:54:46,680 ~-~-> 00:54:50,970
4783 low okay and on this candle here that is
4784
4785 1197
4786 00:54:52,050 ~-~-> 00:54:57,300
4787 1040 GMT and then we have 945 GMT and we
4788
4789 1198
4790 00:54:57,300 ~-~-> 00:55:00,810
4791 have seven GMT so All during the
4792
4793 1199
4794 00:55:00,810 ~-~-> 00:55:04,230
4795 European and London session we have
4796
4797 1200
4798 00:55:04,470 ~-~-> 00:55:06,240
4799 several opportunities to be a seller
4800
4801 1201
4802 00:55:07,020 ~-~-> 00:55:12,030
4803 into old lows broken now resistance and
4804
4805 1202
4806 00:55:12,120 ~-~-> 00:55:15,240
4807 market moves lower where would be
4808
4809 1203
4810 00:55:15,240 ~-~-> 00:55:16,890
4811 reasonably expected to see reach for
4812
4813 1204
4814 00:55:16,890 ~-~-> 00:55:18,750
4815 this old low again we're looking for
4816
4817 1205
4818 00:55:19,050 ~-~-> 00:55:21,630
4819 support resistance levels to aim and
4820
4821 1206
4822 00:55:21,630 ~-~-> 00:55:27,060
4823 look for new targets again same scenario
4824
4825 1207
4826 00:55:27,060 ~-~-> 00:55:33,930
4827 here Okay, markets moving lower here's a
4828
4829 1208
4830 00:55:33,960 ~-~-> 00:55:36,000
4831 opportunity you could use keying off of
4832
4833 1209
4834 00:55:36,000 ~-~-> 00:55:40,440
4835 that 131 90 level was around that to a
4836
4837 1210
4838 00:55:41,460 ~-~-> 00:55:44,730
4839 small round number for from this high to
4840
4841 1211
4842 00:55:44,730 ~-~-> 00:55:46,740
4843 that low you'll get a nice
4844
4845 1212
4846 00:55:48,090 ~-~-> 00:55:48,960
4847 retracement
4848
4849 1213
4850 00:55:53,190 ~-~-> 00:55:55,260
4851 Okay, that's a sweet spot and sell off.
4852
4853 1214
4854 00:55:55,530 ~-~-> 00:55:59,160
4855 And here. Same thing could use for
4856
4857 1215
4858 00:55:59,520 ~-~-> 00:56:00,960
4859 continuation in the same direction
4860
4861 1216
4862 00:56:00,960 ~-~-> 00:56:04,410
4863 intraday, she used the fib on that for
4864
4865 1217
4866 00:56:04,410 ~-~-> 00:56:05,670
4867 the New York open
4868
4869 1218
4870 00:56:14,309 ~-~-> 00:56:16,379
4871 you get right up in that sweet spot and
4872
4873 1219
4874 00:56:16,379 ~-~-> 00:56:17,789
4875 optimal trade entry and trade lower
4876
4877 1220
4878 00:56:17,789 ~-~-> 00:56:22,469
4879 intraday now that's if you are a day
4880
4881 1221
4882 00:56:22,469 ~-~-> 00:56:26,189
4883 trader. Okay and there's 45 pips or so
4884
4885 1222
4886 00:56:26,249 ~-~-> 00:56:28,919
4887 yeah, lay your feet using that as an
4888
4889 1223
4890 00:56:28,919 ~-~-> 00:56:32,939
4891 example. Eventually, the market bounces
4892
4893 1224
4894 00:56:32,939 ~-~-> 00:56:37,919
4895 and trades up into a previous range. Now
4896
4897 1225
4898 00:56:37,919 ~-~-> 00:56:39,599
4899 we're right, we're trading right into
4900
4901 1226
4902 00:56:39,629 ~-~-> 00:56:41,999
4903 these resistance levels. But to see this
4904
4905 1227
4906 00:56:41,999 ~-~-> 00:56:46,709
4907 high here, this low and here's Lake one,
4908
4909 1228
4910 00:56:47,609 ~-~-> 00:56:48,419
4911 and Lake two.
4912
4913 1229
4914 00:56:49,860 ~-~-> 00:56:50,970
4915 If we use the high
4916
4917 1230
4918 00:56:53,010 ~-~-> 00:56:55,320
4919 down to that low, again, we're looking
4920
4921 1231
4922 00:56:55,320 ~-~-> 00:56:57,930
4923 at market swings. The markets trading
4924
4925 1232
4926 00:56:57,930 ~-~-> 00:56:59,310
4927 into the optimal trade entry just fell
4928
4929 1233
4930 00:56:59,310 ~-~-> 00:57:00,960
4931 short this week. spot which actually
4932
4933 1234
4934 00:57:00,960 ~-~-> 00:57:03,360
4935 comes right on top of that 30 to 20
4936
4937 1235
4938 00:57:03,360 ~-~-> 00:57:05,040
4939 level, which is nice. I like seeing
4940
4941 1236
4942 00:57:05,040 ~-~-> 00:57:08,400
4943 stuff like that. There's where you got
4944
4945 1237
4946 00:57:09,030 ~-~-> 00:57:11,610
4947 your setup. So I kind of gave you your
4948
4949 1238
4950 00:57:11,610 ~-~-> 00:57:14,010
4951 answer for your homework. Didn't mean to
4952
4953 1239
4954 00:57:14,010 ~-~-> 00:57:15,540
4955 do that but sometimes that'll happen
4956
4957 1240
4958 00:57:15,540 ~-~-> 00:57:19,260
4959 guys. And there's your your retracement
4960
4961 1241
4962 00:57:19,260 ~-~-> 00:57:22,350
4963 back into going into Friday. Okay, so
4964
4965 1242
4966 00:57:22,350 ~-~-> 00:57:24,510
4967 that's what has happened since the last
4968
4969 1243
4970 00:57:24,510 ~-~-> 00:57:27,330
4971 time we did our episode two in the
4972
4973 1244
4974 00:57:27,330 ~-~-> 00:57:30,060
4975 series, and how the reactions and price
4976
4977 1245
4978 00:57:30,060 ~-~-> 00:57:32,700
4979 levels are laid at your feet they were
4980
4981 1246
4982 00:57:32,700 ~-~-> 00:57:34,680
4983 in advance given to you how to find
4984
4985 1247
4986 00:57:34,680 ~-~-> 00:57:37,500
4987 them. What was new to trade direction
4988
4989 1248
4990 00:57:37,590 ~-~-> 00:57:41,010
4991 and how you look for setups, okay. This
4992
4993 1249
4994 00:57:41,010 ~-~-> 00:57:43,320
4995 is what you do, you go through looking
4996
4997 1250
4998 00:57:43,320 ~-~-> 00:57:44,730
4999 for support resistance levels and you
5000
5001 1251
5002 00:57:44,730 ~-~-> 00:57:47,400
5003 only take opportunities when price gets
5004
5005 1252
5006 00:57:47,400 ~-~-> 00:57:48,660
5007 to those levels and you look for price
5008
5009 1253
5010 00:57:48,660 ~-~-> 00:57:51,210
5011 patterns around that same higher level
5012
5013 1254
5014 00:57:51,210 ~-~-> 00:57:52,800
5015 timeframe support resistance, okay.
5016
5017 1255
5018 00:57:53,160 ~-~-> 00:57:55,230
5019 Notice we did not put any five minutes
5020
5021 1256
5022 00:57:55,230 ~-~-> 00:57:57,060
5023 for resistance levels. We do not put in
5024
5025 1257
5026 00:57:57,060 ~-~-> 00:57:59,100
5027 any 15 minutes support levels. We didn't
5028
5029 1258
5030 00:57:59,100 ~-~-> 00:58:00,720
5031 put an hourly support resistance level,
5032
5033 1259
5034 00:58:01,110 ~-~-> 00:58:02,940
5035 we only use the daily in the four hour,
5036
5037 1260
5038 00:58:02,940 ~-~-> 00:58:04,860
5039 the higher timeframe. Those are your
5040
5041 1261
5042 00:58:04,860 ~-~-> 00:58:06,150
5043 timeframes where the institutional
5044
5045 1262
5046 00:58:06,150 ~-~-> 00:58:07,920
5047 sponsorship is going to come in. Okay,
5048
5049 1263
5050 00:58:07,920 ~-~-> 00:58:09,780
5051 so hopefully, this has been insightful
5052
5053 1264
5054 00:58:09,780 ~-~-> 00:58:13,890
5055 to you. Again, apply the tools in a demo
5056
5057 1265
5058 00:58:13,890 ~-~-> 00:58:15,240
5059 account setting and build your
5060
5061 1266
5062 00:58:15,240 ~-~-> 00:58:17,100
5063 confidence and you determine when it's
5064
5065 1267
5066 00:58:17,100 ~-~-> 00:58:25,410
5067 safe for you to use live funds. Okay, we
5068
5069 1268
5070 00:58:25,410 ~-~-> 00:58:29,370
5071 are looking at a 10 year, t note daily
5072
5073 1269
5074 00:58:29,370 ~-~-> 00:58:31,080
5075 chart. Okay. And I'm sure you're
5076
5077 1270
5078 00:58:31,080 ~-~-> 00:58:32,640
5079 probably asking yourself, okay, well,
5080
5081 1271
5082 00:58:32,670 ~-~-> 00:58:34,470
5083 when did we enter the commodity realm?
5084
5085 1272
5086 00:58:35,340 ~-~-> 00:58:37,680
5087 Well, I started as a commodity trader.
5088
5089 1273
5090 00:58:38,100 ~-~-> 00:58:41,520
5091 And I learned from Larry Williams, one
5092
5093 1274
5094 00:58:41,520 ~-~-> 00:58:45,000
5095 of my first mentors, that the interest
5096
5097 1275
5098 00:58:45,000 ~-~-> 00:58:46,950
5099 rate market was basically the market
5100
5101 1276
5102 00:58:46,950 ~-~-> 00:58:49,410
5103 that controlled just about every market
5104
5105 1277
5106 00:58:49,410 ~-~-> 00:58:51,870
5107 asset class there is. Interest rates are
5108
5109 1278
5110 00:58:51,870 ~-~-> 00:58:53,100
5111 the driving force, whether you're a
5112
5113 1279
5114 00:58:53,100 ~-~-> 00:58:54,750
5115 stock trader, whether you're a commodity
5116
5117 1280
5118 00:58:54,750 ~-~-> 00:58:57,630
5119 trader, Currency Trader oil trader, it
5120
5121 1281
5122 00:58:57,630 ~-~-> 00:58:59,700
5123 doesn't matter what it is interest
5124
5125 1282
5126 00:58:59,700 ~-~-> 00:59:02,940
5127 rates. Are the absolute underpinning of
5128
5129 1283
5130 00:59:02,940 ~-~-> 00:59:05,670
5131 market dynamic moves up or down, it's
5132
5133 1284
5134 00:59:05,670 ~-~-> 00:59:08,370
5135 going to be more or less, it's going to
5136
5137 1285
5138 00:59:08,370 ~-~-> 00:59:10,800
5139 be propelled by the interest rate
5140
5141 1286
5142 00:59:10,800 ~-~-> 00:59:16,260
5143 market. Now, when we look at 1010 year t
5144
5145 1287
5146 00:59:16,260 ~-~-> 00:59:20,010
5147 notes, there's one small little extra I
5148
5149 1288
5150 00:59:20,010 ~-~-> 00:59:21,600
5151 want to throw in here, I'm not breaking
5152
5153 1289
5154 00:59:21,600 ~-~-> 00:59:23,370
5155 down my entire bond market analysis
5156
5157 1290
5158 00:59:23,370 ~-~-> 00:59:25,860
5159 concept. It would be I could spend eight
5160
5161 1291
5162 00:59:25,860 ~-~-> 00:59:29,430
5163 series times eight videos, I mean, 64
5164
5165 1292
5166 00:59:29,430 ~-~-> 00:59:30,720
5167 videos and still not scratched the
5168
5169 1293
5170 00:59:30,720 ~-~-> 00:59:33,840
5171 surface on the elements of interest
5172
5173 1294
5174 00:59:33,840 ~-~-> 00:59:36,600
5175 rates and how one could utilize those in
5176
5177 1295
5178 00:59:36,720 ~-~-> 00:59:38,880
5179 trading. But I'm gonna give you a real
5180
5181 1296
5182 00:59:38,880 ~-~-> 00:59:41,940
5183 simple basic framework where I'm sure it
5184
5185 1297
5186 00:59:41,940 ~-~-> 00:59:43,350
5187 will take a lot of ambiguity out of the
5188
5189 1298
5190 00:59:43,350 ~-~-> 00:59:46,020
5191 marketplace and for you as an analyst in
5192
5193 1299
5194 00:59:46,020 ~-~-> 00:59:48,030
5195 your trading, and be able to use it in a
5196
5197 1300
5198 00:59:48,030 ~-~-> 00:59:50,160
5199 real world environment because I'm
5200
5201 1301
5202 00:59:50,160 ~-~-> 00:59:52,020
5203 trying to avoid giving you information
5204
5205 1302
5206 00:59:52,020 ~-~-> 00:59:53,850
5207 overload I'm just giving you small
5208
5209 1303
5210 00:59:53,880 ~-~-> 00:59:56,490
5211 components that will very easily and
5212
5213 1304
5214 00:59:56,790 ~-~-> 01:00:00,570
5215 neatly fit together and it allow you to
5216
5217 1305
5218 01:00:00,570 ~-~-> 01:00:02,490
5219 have a better understanding of the macro
5220
5221 1306
5222 01:00:02,670 ~-~-> 01:00:05,310
5223 economic perspective that was essential
5224
5225 1307
5226 01:00:05,310 ~-~-> 01:00:06,600
5227 whether you're a short term trader,
5228
5229 1308
5230 01:00:06,840 ~-~-> 01:00:10,710
5231 swing trader or even day trader we're
5232
5233 1309
5234 01:00:10,710 ~-~-> 01:00:12,990
5235 gonna be looking at the interest rate
5236
5237 1310
5238 01:00:13,080 ~-~-> 01:00:16,410
5239 yields. Now these are specifically going
5240
5241 1311
5242 01:00:16,410 ~-~-> 01:00:18,900
5243 to be, you know, the 10 year mark now
5244
5245 1312
5246 01:00:18,930 ~-~-> 01:00:21,960
5247 they can be shorter and longer term. But
5248
5249 1313
5250 01:00:21,960 ~-~-> 01:00:24,540
5251 for FX purposes, the 10 year will be
5252
5253 1314
5254 01:00:24,870 ~-~-> 01:00:27,600
5255 sufficient. So let's take a look at a
5256
5257 1315
5258 01:00:27,600 ~-~-> 01:00:30,090
5259 few examples on how we can draw this
5260
5261 1316
5262 01:00:30,090 ~-~-> 01:00:31,710
5263 information from the internet for free
5264
5265 1317
5266 01:00:32,010 ~-~-> 01:00:33,180
5267 with no cost to you.
5268
5269 1318
5270 01:00:40,560 ~-~-> 01:00:42,660
5271 Okay, guys, we're going to look at some
5272
5273 1319
5274 01:00:42,750 ~-~-> 01:00:46,980
5275 concepts utilizing the T note 10 year
5276
5277 1320
5278 01:00:47,640 ~-~-> 01:00:48,900
5279 and we're gonna be looking at some
5280
5281 1321
5282 01:00:48,900 ~-~-> 01:00:51,810
5283 interest rate concepts. I want to give
5284
5285 1322
5286 01:00:51,810 ~-~-> 01:00:54,030
5287 you some free resources that you can do
5288
5289 1323
5290 01:00:54,030 ~-~-> 01:00:56,100
5291 this with won't cost you a dime except
5292
5293 1324
5294 01:00:56,100 ~-~-> 01:00:58,080
5295 for your internet connection. Alright,
5296
5297 1325
5298 01:00:58,380 ~-~-> 01:01:04,470
5299 just do a google Go to bar chart. Okay,
5300
5301 1326
5302 01:01:04,470 ~-~-> 01:01:06,870
5303 and you'll see bar chart.com. Okay,
5304
5305 1327
5306 01:01:06,870 ~-~-> 01:01:07,860
5307 that's what you want, you want to click
5308
5309 1328
5310 01:01:07,860 ~-~-> 01:01:10,980
5311 on that. Okay, when bar chart opens up
5312
5313 1329
5314 01:01:10,980 ~-~-> 01:01:12,540
5315 like this, what you can do is you can
5316
5317 1330
5318 01:01:12,540 ~-~-> 01:01:14,100
5319 look over here, and it's gonna say
5320
5321 1331
5322 01:01:14,100 ~-~-> 01:01:16,410
5323 select the commodity, hit that little
5324
5325 1332
5326 01:01:16,410 ~-~-> 01:01:18,870
5327 toggle window down, and you're gonna
5328
5329 1333
5330 01:01:18,870 ~-~-> 01:01:22,620
5331 scroll down to the financial section
5332
5333 1334
5334 01:01:22,620 ~-~-> 01:01:24,660
5335 here and you'll see 10 year t note,
5336
5337 1335
5338 01:01:25,320 ~-~-> 01:01:27,270
5339 click on that, and it'll give you a few
5340
5341 1336
5342 01:01:27,270 ~-~-> 01:01:29,940
5343 choices of contract month. Just use the
5344
5345 1337
5346 01:01:29,940 ~-~-> 01:01:34,890
5347 highest month here, okay? And this case
5348
5349 1338
5350 01:01:34,890 ~-~-> 01:01:37,920
5351 is September. Okay, when this window
5352
5353 1339
5354 01:01:37,920 ~-~-> 01:01:39,900
5355 opens up, I'm gonna go over here to
5356
5357 1340
5358 01:01:39,930 ~-~-> 01:01:41,940
5359 customize chart, click on that.
5360
5361 1341
5362 01:01:47,190 ~-~-> 01:01:48,660
5363 Okay, and what we're going to do is
5364
5365 1342
5366 01:01:48,720 ~-~-> 01:01:50,220
5367 we're going to scroll down a little bit
5368
5369 1343
5370 01:01:50,220 ~-~-> 01:01:51,840
5371 and we're going to do some changes to
5372
5373 1344
5374 01:01:51,840 ~-~-> 01:01:54,750
5375 this. And what we want to do is you want
5376
5377 1345
5378 01:01:54,750 ~-~-> 01:02:01,890
5379 to be looking at data nearest, click on
5380
5381 1346
5382 01:02:01,890 ~-~-> 01:02:03,900
5383 that. And the reason why we want that is
5384
5385 1347
5386 01:02:03,900 ~-~-> 01:02:05,700
5387 because it's going to show continuous
5388
5389 1348
5390 01:02:06,840 ~-~-> 01:02:10,620
5391 non break in, in the contract. As you
5392
5393 1349
5394 01:02:10,620 ~-~-> 01:02:13,050
5395 can see here, if I scroll up, you'll see
5396
5397 1350
5398 01:02:13,050 ~-~-> 01:02:15,960
5399 these little spots on the chart here.
5400
5401 1351
5402 01:02:16,500 ~-~-> 01:02:20,400
5403 Okay? You'll see an absence of that by
5404
5405 1352
5406 01:02:20,400 ~-~-> 01:02:22,950
5407 using that type of chart. And we're
5408
5409 1353
5410 01:02:22,950 ~-~-> 01:02:25,500
5411 going to go to candlestick right to take
5412
5413 1354
5414 01:02:25,500 ~-~-> 01:02:28,050
5415 all the volume off. It's not essential
5416
5417 1355
5418 01:02:28,050 ~-~-> 01:02:32,550
5419 for that here. Okay, and we want to see
5420
5421 1356
5422 01:02:32,550 ~-~-> 01:02:34,470
5423 at least a year's worth.
5424
5425 1357
5426 01:02:35,850 ~-~-> 01:02:36,840
5427 And we're gonna click draw.
5428
5429 1358
5430 01:02:41,580 ~-~-> 01:02:44,910
5431 Okay and what we have here is a daily
5432
5433 1359
5434 01:02:45,180 ~-~-> 01:02:48,570
5435 chart of the 10 year t note. Okay. And
5436
5437 1360
5438 01:02:49,230 ~-~-> 01:02:52,710
5439 what I want to show you is there are
5440
5441 1361
5442 01:02:53,490 ~-~-> 01:02:56,610
5443 means of discerning where the higher
5444
5445 1362
5446 01:02:56,640 ~-~-> 01:03:01,050
5447 level tide, okay? Okay. think in terms
5448
5449 1363
5450 01:03:01,080 ~-~-> 01:03:05,400
5451 of your a salmon, okay, generally as a
5452
5453 1364
5454 01:03:05,400 ~-~-> 01:03:07,380
5455 new trader your salmon, you, you want to
5456
5457 1365
5458 01:03:07,380 ~-~-> 01:03:10,440
5459 swim against the current because if the
5460
5461 1366
5462 01:03:10,440 ~-~-> 01:03:13,080
5463 market is going down, okay, it's
5464
5465 1367
5466 01:03:13,080 ~-~-> 01:03:14,790
5467 probably not going to keep going down,
5468
5469 1368
5470 01:03:14,850 ~-~-> 01:03:16,770
5471 okay? It's going to go up eventually,
5472
5473 1369
5474 01:03:17,100 ~-~-> 01:03:19,050
5475 things, you know, chant tend to be
5476
5477 1370
5478 01:03:19,050 ~-~-> 01:03:21,750
5479 contrarian as a new trader. So you want
5480
5481 1371
5482 01:03:21,750 ~-~-> 01:03:23,400
5483 to fight against that tide. Well I can
5484
5485 1372
5486 01:03:23,400 ~-~-> 01:03:26,160
5487 tell you as a salmon, you the outcome of
5488
5489 1373
5490 01:03:26,160 ~-~-> 01:03:27,780
5491 that is they have fun when you get to
5492
5493 1374
5494 01:03:27,780 ~-~-> 01:03:30,210
5495 the top, okay? When they're right and
5496
5497 1375
5498 01:03:30,210 ~-~-> 01:03:32,130
5499 you survive it, but they eventually once
5500
5501 1376
5502 01:03:32,130 ~-~-> 01:03:35,460
5503 that's done, and they they completed
5504
5505 1377
5506 01:03:35,460 ~-~-> 01:03:37,500
5507 their task by getting there, they all
5508
5509 1378
5510 01:03:37,500 ~-~-> 01:03:39,390
5511 die. A lot of people don't realize that
5512
5513 1379
5514 01:03:39,390 ~-~-> 01:03:40,830
5515 but the salmon dies when it gets there.
5516
5517 1380
5518 01:03:40,830 ~-~-> 01:03:45,330
5519 So do you want to be the salmon? Okay,
5520
5521 1381
5522 01:03:45,360 ~-~-> 01:03:48,870
5523 do you want to swim with the tide? Okay,
5524
5525 1382
5526 01:03:48,870 ~-~-> 01:03:52,050
5527 and it's a kind of silly expression or
5528
5529 1383
5530 01:03:52,080 ~-~-> 01:03:54,990
5531 example or analogy, but it really
5532
5533 1384
5534 01:03:55,080 ~-~-> 01:03:57,540
5535 communicates the necessity of doing
5536
5537 1385
5538 01:03:57,540 ~-~-> 01:04:00,330
5539 things the easy way. Okay. Don't
5540
5541 1386
5542 01:04:00,360 ~-~-> 01:04:02,580
5543 overcomplicate, don't overcomplicate
5544
5545 1387
5546 01:04:02,580 ~-~-> 01:04:05,580
5547 things, and the surest way to start that
5548
5549 1388
5550 01:04:06,000 ~-~-> 01:04:08,520
5551 way of thinking as a trader is, where's
5552
5553 1389
5554 01:04:08,520 ~-~-> 01:04:11,190
5555 the money flowing from? Is it flowing
5556
5557 1390
5558 01:04:11,190 ~-~-> 01:04:15,210
5559 into or out of currencies? Okay. And the
5560
5561 1391
5562 01:04:15,210 ~-~-> 01:04:16,920
5563 essential question is, is how does one
5564
5565 1392
5566 01:04:17,310 ~-~-> 01:04:20,670
5567 arrive at that answer? Well, you have to
5568
5569 1393
5570 01:04:20,670 ~-~-> 01:04:23,100
5571 look at a macro perspective, okay? And
5572
5573 1394
5574 01:04:23,100 ~-~-> 01:04:25,260
5575 the way we look at it macro perspective
5576
5577 1395
5578 01:04:25,260 ~-~-> 01:04:27,060
5579 is the interest rate market. Now, the
5580
5581 1396
5582 01:04:27,060 ~-~-> 01:04:29,430
5583 interest rate markets are the absolute
5584
5585 1397
5586 01:04:29,880 ~-~-> 01:04:35,670
5587 center focal point of all economic asset
5588
5589 1398
5590 01:04:35,670 ~-~-> 01:04:37,170
5591 classes, whether it'd be stocks,
5592
5593 1399
5594 01:04:37,200 ~-~-> 01:04:40,650
5595 commodities, you know, currencies, it
5596
5597 1400
5598 01:04:40,650 ~-~-> 01:04:42,510
5599 doesn't matter. The interest rate
5600
5601 1401
5602 01:04:42,510 ~-~-> 01:04:43,950
5603 markets would drive rates and moves
5604
5605 1402
5606 01:04:43,950 ~-~-> 01:04:45,570
5607 everything around. You can argue with me
5608
5609 1403
5610 01:04:45,570 ~-~-> 01:04:46,860
5611 all you want, but I'm gonna tell you,
5612
5613 1404
5614 01:04:46,860 ~-~-> 01:04:50,400
5615 that's the case. Okay. So if we
5616
5617 1405
5618 01:04:50,400 ~-~-> 01:04:52,140
5619 understand the interest rate market, we
5620
5621 1406
5622 01:04:52,140 ~-~-> 01:04:54,930
5623 have everything laid out our feet, we
5624
5625 1407
5626 01:04:54,930 ~-~-> 01:04:59,220
5627 have the keys to everything you would
5628
5629 1408
5630 01:04:59,220 ~-~-> 01:05:01,590
5631 ever want. The kingdom, okay, so if you
5632
5633 1409
5634 01:05:01,590 ~-~-> 01:05:04,650
5635 understand this, you'll understand
5636
5637 1410
5638 01:05:04,680 ~-~-> 01:05:06,090
5639 everything you'll need to know on a
5640
5641 1411
5642 01:05:06,090 ~-~-> 01:05:07,830
5643 higher time frame premise. Okay?
5644
5645 1412
5646 01:05:08,340 ~-~-> 01:05:08,790
5647 So now,
5648
5649 1413
5650 01:05:09,809 ~-~-> 01:05:12,479
5651 I'm not going to go into all of my bond
5652
5653 1414
5654 01:05:12,479 ~-~-> 01:05:14,189
5655 work. Okay, so we're just going to look
5656
5657 1415
5658 01:05:14,189 ~-~-> 01:05:15,839
5659 at just the 10 year t note that's going
5660
5661 1416
5662 01:05:15,839 ~-~-> 01:05:17,579
5663 to be sufficient for this teaching
5664
5665 1417
5666 01:05:17,579 ~-~-> 01:05:20,429
5667 series. But I promise you, there are so
5668
5669 1418
5670 01:05:20,429 ~-~-> 01:05:22,769
5671 many levels deeper that you can go into.
5672
5673 1419
5674 01:05:22,979 ~-~-> 01:05:25,979
5675 And it's really not taught anywhere on
5676
5677 1420
5678 01:05:25,979 ~-~-> 01:05:28,829
5679 the internet. My bond work is absolutely
5680
5681 1421
5682 01:05:28,829 ~-~-> 01:05:31,439
5683 unique. And I'm going to blow my horn,
5684
5685 1422
5686 01:05:31,469 ~-~-> 01:05:33,029
5687 there's nothing like it out there. So
5688
5689 1423
5690 01:05:33,659 ~-~-> 01:05:35,639
5691 I've given a few little things about it
5692
5693 1424
5694 01:05:35,639 ~-~-> 01:05:37,619
5695 in the past, but I mean, there's so much
5696
5697 1425
5698 01:05:37,619 ~-~-> 01:05:41,219
5699 more to it that helps discern what the
5700
5701 1426
5702 01:05:41,249 ~-~-> 01:05:42,749
5703 interest rate markets are doing on an
5704
5705 1427
5706 01:05:42,749 ~-~-> 01:05:45,029
5707 intraday basis on a week to week basis
5708
5709 1428
5710 01:05:45,059 ~-~-> 01:05:47,459
5711 on a daily if it's going to be up or
5712
5713 1429
5714 01:05:47,459 ~-~-> 01:05:49,559
5715 down day. There's ways of looking at
5716
5717 1430
5718 01:05:49,559 ~-~-> 01:05:52,289
5719 that seasonally, and man it's it's
5720
5721 1431
5722 01:05:52,289 ~-~-> 01:05:56,789
5723 crazy, how you rhythmic this interest
5724
5725 1432
5726 01:05:56,789 ~-~-> 01:05:59,999
5727 rate market is now with that
5728
5729 1433
5730 01:05:59,999 ~-~-> 01:06:02,429
5731 Understanding okay if we
5732
5733 1434
5734 01:06:02,550 ~-~-> 01:06:05,310
5735 look at a 10 year t note market, this is
5736
5737 1435
5738 01:06:05,310 ~-~-> 01:06:07,980
5739 a chart of a daily futures contract of
5740
5741 1436
5742 01:06:08,160 ~-~-> 01:06:13,320
5743 the 10 year t note. If we see price, in
5744
5745 1437
5746 01:06:13,320 ~-~-> 01:06:16,980
5747 this case, trade lower here. Okay. What
5748
5749 1438
5750 01:06:16,980 ~-~-> 01:06:19,650
5751 is that telling us? Well, there is an
5752
5753 1439
5754 01:06:19,650 ~-~-> 01:06:22,110
5755 inverse relationship between the futures
5756
5757 1440
5758 01:06:22,110 ~-~-> 01:06:25,050
5759 contract and the actual bond yield.
5760
5761 1441
5762 01:06:25,230 ~-~-> 01:06:28,050
5763 Okay. The yield at the 10 year note is
5764
5765 1442
5766 01:06:29,760 ~-~-> 01:06:32,490
5767 yielding is actually in this case here,
5768
5769 1443
5770 01:06:32,700 ~-~-> 01:06:36,630
5771 it's going up. Okay. When the T note
5772
5773 1444
5774 01:06:36,750 ~-~-> 01:06:39,270
5775 futures contract is rallying as it does
5776
5777 1445
5778 01:06:39,270 ~-~-> 01:06:43,500
5779 here, the yield would be declining. Vice
5780
5781 1446
5782 01:06:43,500 ~-~-> 01:06:46,050
5783 versa when we see the futures contract
5784
5785 1447
5786 01:06:46,050 ~-~-> 01:06:49,080
5787 from the 10 year note trading lower that
5788
5789 1448
5790 01:06:49,080 ~-~-> 01:06:51,750
5791 means that the yield is going higher
5792
5793 1449
5794 01:06:52,410 ~-~-> 01:06:55,620
5795 when the 10 year t note is trading
5796
5797 1450
5798 01:06:55,620 ~-~-> 01:06:58,830
5799 higher here. That means the bond yield
5800
5801 1451
5802 01:06:58,830 ~-~-> 01:07:02,010
5803 for that 10 year note going lower, then
5804
5805 1452
5806 01:07:02,010 ~-~-> 01:07:05,730
5807 we have a drop lower and sustain move
5808
5809 1453
5810 01:07:05,760 ~-~-> 01:07:08,220
5811 lower, that means there's a stain move
5812
5813 1454
5814 01:07:08,340 ~-~-> 01:07:11,280
5815 higher in the bond yield. Now, that's
5816
5817 1455
5818 01:07:11,280 ~-~-> 01:07:12,840
5819 all fine and great. But what does that
5820
5821 1456
5822 01:07:12,840 ~-~-> 01:07:15,900
5823 really mean? Well, it means this if you
5824
5825 1457
5826 01:07:15,900 ~-~-> 01:07:18,780
5827 want to be a buyer of currencies, and
5828
5829 1458
5830 01:07:18,780 ~-~-> 01:07:21,060
5831 we're going to stick to our equation of
5832
5833 1459
5834 01:07:21,060 ~-~-> 01:07:23,760
5835 being the fiber or your resting, okay,
5836
5837 1460
5838 01:07:23,760 ~-~-> 01:07:25,560
5839 so this teaching series is focused on
5840
5841 1461
5842 01:07:26,280 ~-~-> 01:07:28,830
5843 it's really goes along with the other
5844
5845 1462
5846 01:07:28,830 ~-~-> 01:07:30,240
5847 majors too, but we're just going to use
5848
5849 1463
5850 01:07:30,240 ~-~-> 01:07:33,930
5851 the euro. If the 10 year t note is
5852
5853 1464
5854 01:07:33,930 ~-~-> 01:07:36,660
5855 trading lower, like this, that means
5856
5857 1465
5858 01:07:36,660 ~-~-> 01:07:38,250
5859 that the bond yield is going higher
5860
5861 1466
5862 01:07:39,360 ~-~-> 01:07:42,360
5863 currencies are going to be chasing
5864
5865 1467
5866 01:07:42,480 ~-~-> 01:07:45,390
5867 higher yield. So what does that mean? As
5868
5869 1468
5870 01:07:45,390 ~-~-> 01:07:47,610
5871 the yields go up, as we're going to see
5872
5873 1469
5874 01:07:47,610 ~-~-> 01:07:48,810
5875 in another chart and how you can get
5876
5877 1470
5878 01:07:48,810 ~-~-> 01:07:51,210
5879 that information as well, as the yields
5880
5881 1471
5882 01:07:51,240 ~-~-> 01:07:53,250
5883 are going higher, the currencies are
5884
5885 1472
5886 01:07:53,250 ~-~-> 01:07:55,470
5887 going to chase that. Okay, and that
5888
5889 1473
5890 01:07:55,470 ~-~-> 01:07:57,840
5891 means they're gonna chase yield. What
5892
5893 1474
5894 01:07:57,840 ~-~-> 01:07:57,930
5895 does
5896
5897 1475
5898 01:07:57,930 ~-~-> 01:07:58,440
5899 that mean?
5900
5901 1476
5902 01:07:58,710 ~-~-> 01:08:00,720
5903 That means while the 10 Your note is
5904
5905 1477
5906 01:08:00,720 ~-~-> 01:08:04,200
5907 trading lower, you want to be a buyer of
5908
5909 1478
5910 01:08:04,200 ~-~-> 01:08:10,830
5911 currencies Okay, now take a big step
5912
5913 1479
5914 01:08:10,830 ~-~-> 01:08:13,890
5915 back now go back to this price action
5916
5917 1480
5918 01:08:13,890 ~-~-> 01:08:19,050
5919 here. If we see price trade lower and
5920
5921 1481
5922 01:08:19,050 ~-~-> 01:08:22,470
5923 then rally up into a level of old
5924
5925 1482
5926 01:08:23,070 ~-~-> 01:08:25,800
5927 support broken here is resistance keep
5928
5929 1483
5930 01:08:25,800 ~-~-> 01:08:27,600
5931 on going over here now this is now
5932
5933 1484
5934 01:08:27,600 ~-~-> 01:08:30,690
5935 resistance right if you look at the high
5936
5937 1485
5938 01:08:30,810 ~-~-> 01:08:32,310
5939 down to the low we've essentially
5940
5941 1486
5942 01:08:32,310 ~-~-> 01:08:35,130
5943 retrace back to will be considered a
5944
5945 1487
5946 01:08:35,490 ~-~-> 01:08:37,380
5947 deep enough optimal trade entry. I'm not
5948
5949 1488
5950 01:08:37,380 ~-~-> 01:08:38,550
5951 gonna put the fibs on here and you can
5952
5953 1489
5954 01:08:38,550 ~-~-> 01:08:40,500
5955 do that you got to subscribe. I'm not
5956
5957 1490
5958 01:08:40,500 ~-~-> 01:08:43,230
5959 going to key in my my information for
5960
5961 1491
5962 01:08:43,290 ~-~-> 01:08:45,330
5963 bar chart calm, but you can set up an
5964
5965 1492
5966 01:08:45,330 ~-~-> 01:08:47,100
5967 account with these this website. It's
5968
5969 1493
5970 01:08:47,100 ~-~-> 01:08:49,350
5971 free, absolutely free does not do
5972
5973 1494
5974 01:08:49,350 ~-~-> 01:08:51,990
5975 anything but require you to have a email
5976
5977 1495
5978 01:08:51,990 ~-~-> 01:08:54,210
5979 address. Okay, and my advice is to
5980
5981 1496
5982 01:08:54,210 ~-~-> 01:08:56,640
5983 create an online email address that you
5984
5985 1497
5986 01:08:56,640 ~-~-> 01:09:00,480
5987 use for all of your your trading related
5988
5989 1498
5990 01:09:00,480 ~-~-> 01:09:02,760
5991 things, and that way, everything that
5992
5993 1499
5994 01:09:02,760 ~-~-> 01:09:04,680
5995 gets spammed because you eventually will
5996
5997 1500
5998 01:09:04,680 ~-~-> 01:09:05,880
5999 get spammed, I'm going to tell you that
6000
6001 1501
6002 01:09:05,880 ~-~-> 01:09:09,030
6003 I have gotten I should say I've gotten
6004
6005 1502
6006 01:09:09,030 ~-~-> 01:09:13,830
6007 I've received rather some spam ever
6008
6009 1503
6010 01:09:13,830 ~-~-> 01:09:15,420
6011 since I've signed up to this service,
6012
6013 1504
6014 01:09:15,420 ~-~-> 01:09:17,970
6015 but that's a small consolation. And in
6016
6017 1505
6018 01:09:17,970 ~-~-> 01:09:19,830
6019 terms of accessing free commodity charts
6020
6021 1506
6022 01:09:19,830 ~-~-> 01:09:23,130
6023 that I like, this is certainly one way
6024
6025 1507
6026 01:09:23,130 ~-~-> 01:09:26,070
6027 of doing it. So I don't work with the
6028
6029 1508
6030 01:09:26,070 ~-~-> 01:09:28,200
6031 email address, you know, ICT at initial
6032
6033 1509
6034 01:09:28,200 ~-~-> 01:09:31,680
6035 trade comm or my inner circle trader
6036
6037 1510
6038 01:09:31,680 ~-~-> 01:09:36,420
6039 gmail account. I use the completely
6040
6041 1511
6042 01:09:36,420 ~-~-> 01:09:40,350
6043 alien means of signing on to this, this
6044
6045 1512
6046 01:09:40,350 ~-~-> 01:09:41,730
6047 website and a few other ones that I like
6048
6049 1513
6050 01:09:41,730 ~-~-> 01:09:45,300
6051 to use. But as price rate rallies up
6052
6053 1514
6054 01:09:45,300 ~-~-> 01:09:47,430
6055 into this area here, we have an old
6056
6057 1515
6058 01:09:47,430 ~-~-> 01:09:50,250
6059 level of resistance, which is support
6060
6061 1516
6062 01:09:50,250 ~-~-> 01:09:51,930
6063 here. Okay, we could expect to see
6064
6065 1517
6066 01:09:51,930 ~-~-> 01:09:54,030
6067 prices trade lower. Now what if we could
6068
6069 1518
6070 01:09:54,030 ~-~-> 01:09:57,480
6071 have an X ray view? Okay, imagine if you
6072
6073 1519
6074 01:09:57,480 ~-~-> 01:10:00,120
6075 had an X ray machine or X ray memory. A
6076
6077 1520
6078 01:10:00,120 ~-~-> 01:10:01,590
6079 kid and maybe you guys in the states
6080
6081 1521
6082 01:10:01,590 ~-~-> 01:10:04,290
6083 know this grown up as kid they had these
6084
6085 1522
6086 01:10:04,290 ~-~-> 01:10:06,060
6087 little things in the back of a comic
6088
6089 1523
6090 01:10:06,060 ~-~-> 01:10:08,670
6091 book where it had X ray glasses. Okay,
6092
6093 1524
6094 01:10:08,670 ~-~-> 01:10:10,410
6095 and of course, I was a sucker and I
6096
6097 1525
6098 01:10:10,410 ~-~-> 01:10:12,780
6099 spent my dollar 25. Alliance and sent it
6100
6101 1526
6102 01:10:12,780 ~-~-> 01:10:14,520
6103 in here. And I bought myself a pair of
6104
6105 1527
6106 01:10:14,520 ~-~-> 01:10:16,830
6107 them and I opened it up. It was
6108
6109 1528
6110 01:10:16,830 ~-~-> 01:10:19,110
6111 ridiculous. It was just an optical
6112
6113 1529
6114 01:10:19,110 ~-~-> 01:10:20,250
6115 illusion. It gives you the impression
6116
6117 1530
6118 01:10:20,280 ~-~-> 01:10:21,960
6119 you're seeing, you know, an X ray view.
6120
6121 1531
6122 01:10:22,410 ~-~-> 01:10:22,800
6123 But
6124
6125 1532
6126 01:10:23,850 ~-~-> 01:10:24,840
6127 there is a way
6128
6129 1533
6130 01:10:25,080 ~-~-> 01:10:28,590
6131 of looking at the market on interest
6132
6133 1534
6134 01:10:28,590 ~-~-> 01:10:30,570
6135 rates. Okay, so you can see where the
6136
6137 1535
6138 01:10:30,570 ~-~-> 01:10:33,480
6139 tide is changing and turning. Now we're
6140
6141 1536
6142 01:10:33,480 ~-~-> 01:10:35,100
6143 going to come back to this chart, but
6144
6145 1537
6146 01:10:35,130 ~-~-> 01:10:37,950
6147 for another free resource, we're going
6148
6149 1538
6150 01:10:37,950 ~-~-> 01:10:38,670
6151 to create
6152
6153 1539
6154 01:10:41,490 ~-~-> 01:10:42,390
6155 another tab.
6156
6157 1540
6158 01:10:43,410 ~-~-> 01:10:48,390
6159 Okay, and we're going to go to do a 10
6160
6161 1541
6162 01:10:48,390 ~-~-> 01:10:48,810
6163 year
6164
6165 1542
6166 01:10:51,540 ~-~-> 01:10:52,320
6167 bond,
6168
6169 1543
6170 01:10:53,700 ~-~-> 01:10:55,650
6171 yield chart.
6172
6173 1544
6174 01:10:57,330 ~-~-> 01:10:58,560
6175 Okay, when you click on that
6176
6177 1545
6178 01:11:00,480 ~-~-> 01:11:03,150
6179 You're gonna again look for in the list
6180
6181 1546
6182 01:11:09,300 ~-~-> 01:11:12,390
6183 us generic government 10 year yield
6184
6185 1547
6186 01:11:12,570 ~-~-> 01:11:13,440
6187 analysis.
6188
6189 1548
6190 01:11:20,310 ~-~-> 01:11:22,950
6191 Okay, let me see that is going to scroll
6192
6193 1549
6194 01:11:22,950 ~-~-> 01:11:26,040
6195 down a little bit. You want to go and go
6196
6197 1550
6198 01:11:26,040 ~-~-> 01:11:27,870
6199 to your chart here not a snapshot you
6200
6201 1551
6202 01:11:27,870 ~-~-> 01:11:28,710
6203 want to go to chart
6204
6205 1552
6206 01:11:38,550 ~-~-> 01:11:39,750
6207 okay and just
6208
6209 1553
6210 01:11:39,780 ~-~-> 01:11:45,660
6211 do a year. Okay, what we have here is
6212
6213 1554
6214 01:11:45,930 ~-~-> 01:11:50,880
6215 the fluctuations of the actual yield.
6216
6217 1555
6218 01:11:51,180 ~-~-> 01:11:53,460
6219 Okay out the 10 year Treasury market.
6220
6221 1556
6222 01:11:54,270 ~-~-> 01:11:56,850
6223 Now watch what happens. Let's go back to
6224
6225 1557
6226 01:11:56,850 ~-~-> 01:12:02,970
6227 that 10 year. Tino chart Price made a
6228
6229 1558
6230 01:12:02,970 ~-~-> 01:12:05,400
6231 high here in April and then going into
6232
6233 1559
6234 01:12:05,400 ~-~-> 01:12:07,080
6235 May we made a higher high, you see that?
6236
6237 1560
6238 01:12:08,460 ~-~-> 01:12:10,530
6239 Okay, then we made ultimate high in the
6240
6241 1561
6242 01:12:10,800 ~-~-> 01:12:13,140
6243 market and traded lower. Let's go and
6244
6245 1562
6246 01:12:13,140 ~-~-> 01:12:16,950
6247 you see a Converse relationship here in
6248
6249 1563
6250 01:12:16,950 ~-~-> 01:12:21,540
6251 the yield. Okay, here's that low and
6252
6253 1564
6254 01:12:21,540 ~-~-> 01:12:25,110
6255 then a lower, low in the yield. Again
6256
6257 1565
6258 01:12:25,140 ~-~-> 01:12:27,840
6259 thinking inversely here, okay, all we
6260
6261 1566
6262 01:12:27,840 ~-~-> 01:12:30,840
6263 did was have a mirror image of that
6264
6265 1567
6266 01:12:30,870 ~-~-> 01:12:33,210
6267 happening here. Okay. And then there's
6268
6269 1568
6270 01:12:33,210 ~-~-> 01:12:36,630
6271 been this rally up or sustained move in
6272
6273 1569
6274 01:12:36,630 ~-~-> 01:12:39,270
6275 the bond yield. So as the bond market
6276
6277 1570
6278 01:12:40,440 ~-~-> 01:12:42,750
6279 I'm sorry, the interest rate on the 10
6280
6281 1571
6282 01:12:42,750 ~-~-> 01:12:45,180
6283 year has been moving up, okay. That
6284
6285 1572
6286 01:12:45,180 ~-~-> 01:12:47,100
6287 means that the currency markets are
6288
6289 1573
6290 01:12:47,100 ~-~-> 01:12:50,190
6291 going to be looking to rally. Okay, that
6292
6293 1574
6294 01:12:50,190 ~-~-> 01:12:51,420
6295 means they're going to be looking to go
6296
6297 1575
6298 01:12:51,420 ~-~-> 01:12:55,590
6299 higher. So now as a higher level
6300
6301 1576
6302 01:12:55,620 ~-~-> 01:12:58,590
6303 timeframe, institutional sponsorship
6304
6305 1577
6306 01:12:58,620 ~-~-> 01:13:00,930
6307 minded trader Like, that's what we're
6308
6309 1578
6310 01:13:00,930 ~-~-> 01:13:02,790
6311 trying to cultivate in you right now.
6312
6313 1579
6314 01:13:03,360 ~-~-> 01:13:06,540
6315 You want to be focusing the majority of
6316
6317 1580
6318 01:13:06,540 ~-~-> 01:13:08,760
6319 your trading. Okay? Now, here's one of
6320
6321 1581
6322 01:13:08,760 ~-~-> 01:13:12,450
6323 those notepad moments when you want to
6324
6325 1582
6326 01:13:12,450 ~-~-> 01:13:15,690
6327 risk the maximum amount of leverage that
6328
6329 1583
6330 01:13:15,690 ~-~-> 01:13:18,360
6331 your personal risk appetite permits,
6332
6333 1584
6334 01:13:18,390 ~-~-> 01:13:20,820
6335 Okay, and let's put it out right now do
6336
6337 1585
6338 01:13:20,820 ~-~-> 01:13:23,730
6339 not risk more than the industry standard
6340
6341 1586
6342 01:13:24,000 ~-~-> 01:13:27,450
6343 2% per trade or maximum account exposure
6344
6345 1587
6346 01:13:27,750 ~-~-> 01:13:30,270
6347 at any one time. Okay? And we're going
6348
6349 1588
6350 01:13:30,270 ~-~-> 01:13:32,640
6351 to say that that's the case here. You
6352
6353 1589
6354 01:13:32,640 ~-~-> 01:13:35,580
6355 have the green light, go to be risking
6356
6357 1590
6358 01:13:35,610 ~-~-> 01:13:38,040
6359 2% or whatever your maximum is in your
6360
6361 1591
6362 01:13:38,040 ~-~-> 01:13:40,440
6363 demo account. Again, this is for
6364
6365 1592
6366 01:13:40,680 ~-~-> 01:13:42,150
6367 teaching purposes only and not giving
6368
6369 1593
6370 01:13:42,150 ~-~-> 01:13:44,100
6371 you trade advice. You have to discern
6372
6373 1594
6374 01:13:44,100 ~-~-> 01:13:45,000
6375 whether or not this is useful
6376
6377 1595
6378 01:13:45,000 ~-~-> 01:13:47,130
6379 information to you. And if you trade on
6380
6381 1596
6382 01:13:47,130 ~-~-> 01:13:49,020
6383 that with live funds, it's completely
6384
6385 1597
6386 01:13:49,020 ~-~-> 01:13:51,240
6387 100%. Your responsibility you collect
6388
6389 1598
6390 01:13:51,240 ~-~-> 01:13:53,430
6391 all the success and accolades. I don't
6392
6393 1599
6394 01:13:53,430 ~-~-> 01:13:57,420
6395 want none of it. Okay. So by looking at
6396
6397 1600
6398 01:13:57,420 ~-~-> 01:13:59,820
6399 this type of scenario, you could be
6400
6401 1601
6402 01:14:00,000 ~-~-> 01:14:05,550
6403 Maximum risk trader as a buyer, okay,
6404
6405 1602
6406 01:14:05,670 ~-~-> 01:14:07,650
6407 and what does that also mean for being a
6408
6409 1603
6410 01:14:07,650 ~-~-> 01:14:08,580
6411 short seller, if you're an intraday
6412
6413 1604
6414 01:14:08,580 ~-~-> 01:14:11,940
6415 trader don't risk maximum, okay? Because
6416
6417 1605
6418 01:14:11,940 ~-~-> 01:14:14,700
6419 the higher level timeframe tide is
6420
6421 1606
6422 01:14:14,700 ~-~-> 01:14:16,620
6423 poised to be moving higher, why? Because
6424
6425 1607
6426 01:14:16,620 ~-~-> 01:14:18,510
6427 the yields are going up and eventually,
6428
6429 1608
6430 01:14:18,810 ~-~-> 01:14:20,370
6431 the currencies you want to try to snap
6432
6433 1609
6434 01:14:20,400 ~-~-> 01:14:23,130
6435 up and chase after that yield. Okay, so
6436
6437 1610
6438 01:14:23,130 ~-~-> 01:14:25,050
6439 what does that mean? Well, let's look at
6440
6441 1611
6442 01:14:25,110 ~-~-> 01:14:30,840
6443 April and May time period in the euro.
6444
6445 1612
6446 01:14:35,970 ~-~-> 01:14:37,860
6447 Now, obviously, once you set these up,
6448
6449 1613
6450 01:14:37,860 ~-~-> 01:14:39,390
6451 once you open your charts up like this,
6452
6453 1614
6454 01:14:39,630 ~-~-> 01:14:41,580
6455 you're going to be wanting to save them
6456
6457 1615
6458 01:14:42,480 ~-~-> 01:14:45,270
6459 in your Favorites tab. Okay, I have one
6460
6461 1616
6462 01:14:45,270 ~-~-> 01:14:47,730
6463 for the euro for the bond. I'm sorry for
6464
6465 1617
6466 01:14:47,730 ~-~-> 01:14:50,010
6467 the British pound for the dollar index
6468
6469 1618
6470 01:14:50,040 ~-~-> 01:14:52,440
6471 and a half one for the 10 year t note.
6472
6473 1619
6474 01:14:54,300 ~-~-> 01:14:57,270
6475 Okay, here is a weekly, because that's
6476
6477 1620
6478 01:14:57,270 ~-~-> 01:15:00,570
6479 what I save. But we're gonna go down to
6480
6481 1621
6482 01:15:00,570 ~-~-> 01:15:07,290
6483 a daily nearest. And I was put nine
6484
6485 1622
6486 01:15:07,290 ~-~-> 01:15:07,830
6487 months of it.
6488
6489 1623
6490 01:15:09,269 ~-~-> 01:15:10,049
6491 And we're gonna draw
6492
6493 1624
6494 01:15:10,860 ~-~-> 01:15:18,450
6495 the chart. Okay, and I left the co2 data
6496
6497 1625
6498 01:15:18,450 ~-~-> 01:15:23,010
6499 on there. But yeah, you guys know me I'm
6500
6501 1626
6502 01:15:23,010 ~-~-> 01:15:24,900
6503 not about stuff like that I get it off
6504
6505 1627
6506 01:15:26,010 ~-~-> 01:15:28,650
6507 it'll distract me. Okay, so I just took
6508
6509 1628
6510 01:15:28,650 ~-~-> 01:15:30,570
6511 that off. And now what we're doing is
6512
6513 1629
6514 01:15:31,020 ~-~-> 01:15:35,640
6515 we're looking at the here's the APR. And
6516
6517 1630
6518 01:15:35,640 ~-~-> 01:15:40,440
6519 here's may timeframe where the Euro did
6520
6521 1631
6522 01:15:40,440 ~-~-> 01:15:43,590
6523 what? We made a low here, came down,
6524
6525 1632
6526 01:15:43,980 ~-~-> 01:15:46,560
6527 made a low, traded higher, came down in
6528
6529 1633
6530 01:15:46,560 ~-~-> 01:15:50,010
6531 July, ran out the lows here, but this
6532
6533 1634
6534 01:15:50,010 ~-~-> 01:15:54,270
6535 right here was suspect. Why? Because the
6536
6537 1635
6538 01:15:54,270 ~-~-> 01:15:56,610
6539 yields are going higher. Okay, so while
6540
6541 1636
6542 01:15:56,610 ~-~-> 01:15:58,680
6543 we did trade down to these levels, okay.
6544
6545 1637
6546 01:15:59,400 ~-~-> 01:16:01,800
6547 Those that Watching my market reviews,
6548
6549 1638
6550 01:16:02,130 ~-~-> 01:16:05,610
6551 okay, I discussed that the British Pound
6552
6553 1639
6554 01:16:06,180 ~-~-> 01:16:09,390
6555 was poised to move higher as well all in
6556
6557 1640
6558 01:16:09,390 ~-~-> 01:16:12,510
6559 the same time periods and that was the
6560
6561 1641
6562 01:16:12,510 ~-~-> 01:16:13,860
6563 case you can see it happening and
6564
6565 1642
6566 01:16:13,860 ~-~-> 01:16:17,670
6567 unfolding here. So we saw again, the
6568
6569 1643
6570 01:16:17,790 ~-~-> 01:16:20,400
6571 fiber, Euro USD pair traded Higher,
6572
6573 1644
6574 01:16:20,400 ~-~-> 01:16:21,390
6575 higher, higher, higher, higher, higher
6576
6577 1645
6578 01:16:21,390 ~-~-> 01:16:23,340
6579 and where to trade to an old high blow
6580
6581 1646
6582 01:16:23,340 ~-~-> 01:16:25,710
6583 it out just a little bit, but eventually
6584
6585 1647
6586 01:16:25,710 ~-~-> 01:16:30,000
6587 now we're trading counter Okay, what the
6588
6589 1648
6590 01:16:30,240 ~-~-> 01:16:34,080
6591 yield markets are suggesting, okay, so
6592
6593 1649
6594 01:16:36,030 ~-~-> 01:16:37,920
6595 we could retrace a little bit deeper and
6596
6597 1650
6598 01:16:37,920 ~-~-> 01:16:40,020
6599 try to trade up and fill this area here.
6600
6601 1651
6602 01:16:40,290 ~-~-> 01:16:43,290
6603 But bottom line is is ultimately these
6604
6605 1652
6606 01:16:43,290 ~-~-> 01:16:45,960
6607 are the types of moves. Okay, you want
6608
6609 1653
6610 01:16:45,960 ~-~-> 01:16:48,990
6611 to be participating in. Okay. Do you see
6612
6613 1654
6614 01:16:48,990 ~-~-> 01:16:51,210
6615 the majority or Lion's portion of the
6616
6617 1655
6618 01:16:51,210 ~-~-> 01:16:53,730
6619 market moves are happening on the higher
6620
6621 1656
6622 01:16:54,090 ~-~-> 01:16:57,150
6623 level timeframe being a buyer. Okay.
6624
6625 1657
6626 01:16:57,420 ~-~-> 01:17:03,210
6627 Very, very sustained, long. Basically,
6628
6629 1658
6630 01:17:03,450 ~-~-> 01:17:05,010
6631 you know, intermediate term swings are
6632
6633 1659
6634 01:17:05,010 ~-~-> 01:17:07,020
6635 on the upside. Okay? Now granted,
6636
6637 1660
6638 01:17:07,050 ~-~-> 01:17:08,760
6639 there's some profitability to be made
6640
6641 1661
6642 01:17:08,820 ~-~-> 01:17:11,130
6643 going short. There's nothing arguing
6644
6645 1662
6646 01:17:11,130 ~-~-> 01:17:12,870
6647 against that here. Okay? But we're
6648
6649 1663
6650 01:17:12,870 ~-~-> 01:17:14,370
6651 saying is, is if you want to be
6652
6653 1664
6654 01:17:16,410 ~-~-> 01:17:19,500
6655 directionally poised as a trader in only
6656
6657 1665
6658 01:17:19,500 ~-~-> 01:17:21,390
6659 focusing on institutional level
6660
6661 1666
6662 01:17:21,900 ~-~-> 01:17:23,910
6663 direction, okay, this is one way of
6664
6665 1667
6666 01:17:23,910 ~-~-> 01:17:31,290
6667 doing it. Okay. Let's look at the bond
6668
6669 1668
6670 01:17:31,320 ~-~-> 01:17:35,430
6671 yields chart again. Now, there is
6672
6673 1669
6674 01:17:35,430 ~-~-> 01:17:38,760
6675 another opportunity to look behind the
6676
6677 1670
6678 01:17:38,760 ~-~-> 01:17:40,950
6679 marketplace. Okay, we talked about this
6680
6681 1671
6682 01:17:40,950 ~-~-> 01:17:44,850
6683 x ray view concept. I'm going to go to
6684
6685 1672
6686 01:17:45,000 ~-~-> 01:17:48,210
6687 Google once again. And we're going to go
6688
6689 1673
6690 01:17:48,210 ~-~-> 01:17:51,450
6691 and look at the 10 year
6692
6693 1674
6694 01:17:54,840 ~-~-> 01:17:55,530
6695 German
6696
6697 1675
6698 01:17:57,450 ~-~-> 01:17:58,260
6699 bond
6700
6701 1676
6702 01:17:59,280 ~-~-> 01:17:59,880
6703 yield
6704
6705 1677
6706 01:18:01,079 ~-~-> 01:18:02,189
6707 Okay, when you see that
6708
6709 1678
6710 01:18:03,750 ~-~-> 01:18:04,890
6711 you're going to go to
6712
6713 1679
6714 01:18:06,450 ~-~-> 01:18:07,560
6715 Are we out here sorry,
6716
6717 1680
6718 01:18:09,240 ~-~-> 01:18:11,160
6719 German government bonds and here's it
6720
6721 1681
6722 01:18:11,190 ~-~-> 01:18:14,910
6723 here when you see GD p r 10. That's the
6724
6725 1682
6726 01:18:14,910 ~-~-> 01:18:17,040
6727 one we're looking for. Okay, all I'm
6728
6729 1683
6730 01:18:17,040 ~-~-> 01:18:19,890
6731 doing is opening that up so that way I
6732
6733 1684
6734 01:18:19,890 ~-~-> 01:18:24,150
6735 can cut and paste the symbol. If you
6736
6737 1685
6738 01:18:24,150 ~-~-> 01:18:27,060
6739 want to have an individual chart like
6740
6741 1686
6742 01:18:27,060 ~-~-> 01:18:30,990
6743 this, obviously you can do that. You can
6744
6745 1687
6746 01:18:30,990 ~-~-> 01:18:35,400
6747 see now we have this chart. Now this is
6748
6749 1688
6750 01:18:35,400 ~-~-> 01:18:38,430
6751 showing the 10 year rate of the German
6752
6753 1689
6754 01:18:38,850 ~-~-> 01:18:40,680
6755 bond yield for 10 year rate.
6756
6757 1690
6758 01:18:43,650 ~-~-> 01:18:44,310
6759 If you
6760
6761 1691
6762 01:18:47,190 ~-~-> 01:18:48,630
6763 every time you open up a new chart,
6764
6765 1692
6766 01:18:48,870 ~-~-> 01:18:53,370
6767 it'll give you your history. Okay. And
6768
6769 1693
6770 01:18:54,390 ~-~-> 01:18:57,780
6771 what I'm only I'm gonna just copy that
6772
6773 1694
6774 01:19:00,630 ~-~-> 01:19:02,430
6775 Cuz I don't trust myself to remember it
6776
6777 1695
6778 01:19:03,240 ~-~-> 01:19:06,210
6779 when I get on this page and you got to
6780
6781 1696
6782 01:19:06,210 ~-~-> 01:19:10,530
6783 type in colon ind. Okay and then what
6784
6785 1697
6786 01:19:10,530 ~-~-> 01:19:13,500
6787 that does is it compares the two. Okay,
6788
6789 1698
6790 01:19:13,500 ~-~-> 01:19:16,920
6791 so we have the Orange is the US 10 year
6792
6793 1699
6794 01:19:17,220 ~-~-> 01:19:20,400
6795 bond yield and you have the green which
6796
6797 1700
6798 01:19:20,400 ~-~-> 01:19:22,410
6799 is the German or which is closely
6800
6801 1701
6802 01:19:22,410 ~-~-> 01:19:27,000
6803 associated to the fiber Euro USD. The
6804
6805 1702
6806 01:19:27,000 ~-~-> 01:19:29,250
6807 green is seen here now, here's what I
6808
6809 1703
6810 01:19:29,250 ~-~-> 01:19:29,940
6811 want you to look at.
6812
6813 1704
6814 01:19:31,230 ~-~-> 01:19:32,310
6815 If you look at this chart
6816
6817 1705
6818 01:19:33,900 ~-~-> 01:19:37,620
6819 you'll notice that the orange okay has a
6820
6821 1706
6822 01:19:37,620 ~-~-> 01:19:41,340
6823 low here goes higher and goes lower
6824
6825 1707
6826 01:19:41,340 ~-~-> 01:19:43,410
6827 again but look at the low is higher than
6828
6829 1708
6830 01:19:43,410 ~-~-> 01:19:45,930
6831 it is here. You do not see that
6832
6833 1709
6834 01:19:45,930 ~-~-> 01:19:49,770
6835 happening with the German. Okay, the
6836
6837 1710
6838 01:19:49,770 ~-~-> 01:19:52,410
6839 German went lower. Okay, and you
6840
6841 1711
6842 01:19:52,410 ~-~-> 01:19:54,300
6843 probably seen it easier if I went to
6844
6845 1712
6846 01:19:54,840 ~-~-> 01:19:58,680
6847 three years. Yes, we went lower and the
6848
6849 1713
6850 01:19:58,680 ~-~-> 01:20:03,150
6851 German higher in the US. So comparing
6852
6853 1714
6854 01:20:03,150 ~-~-> 01:20:08,460
6855 the lows, respectively. There is a
6856
6857 1715
6858 01:20:08,670 ~-~-> 01:20:09,930
6859 accumulation going on.
6860
6861 1716
6862 01:20:10,590 ~-~-> 01:20:11,490
6863 And it's seen
6864
6865 1717
6866 01:20:11,970 ~-~-> 01:20:15,900
6867 with the US bond yield. Okay, so now if
6868
6869 1718
6870 01:20:15,900 ~-~-> 01:20:17,670
6871 we go back to Google once again
6872
6873 1719
6874 01:20:20,280 ~-~-> 01:20:21,570
6875 and we do a 10
6876
6877 1720
6878 01:20:21,900 ~-~-> 01:20:22,560
6879 year
6880
6881 1721
6882 01:20:23,640 ~-~-> 01:20:24,600
6883 UK
6884
6885 1722
6886 01:20:25,440 ~-~-> 01:20:26,280
6887 bond
6888
6889 1723
6890 01:20:29,130 ~-~-> 01:20:29,880
6891 yield chart
6892
6893 1724
6894 01:20:31,680 ~-~-> 01:20:32,910
6895 you've been looking for again the
6896
6897 1725
6898 01:20:32,910 ~-~-> 01:20:36,030
6899 Bloomberg and it'll say government bond
6900
6901 1726
6902 01:20:36,030 ~-~-> 01:20:40,650
6903 10 year note generic, the G UK, g eu 10
6904
6905 1727
6906 01:20:40,680 ~-~-> 01:20:43,680
6907 ind. Okay, I'm just gonna copy it from
6908
6909 1728
6910 01:20:43,680 ~-~-> 01:20:50,070
6911 here. And then actually open the
6912
6913 1729
6914 01:20:50,070 ~-~-> 01:20:52,620
6915 troughs. You can see it. Now it's in my
6916
6917 1730
6918 01:20:52,620 ~-~-> 01:20:55,200
6919 clipboard. I can just drop it in mine
6920
6921 1731
6922 01:20:55,380 ~-~-> 01:21:00,630
6923 first chart for comparison reasons. You
6924
6925 1732
6926 01:21:00,630 ~-~-> 01:21:01,410
6927 can see here
6928
6929 1733
6930 01:21:03,510 ~-~-> 01:21:04,410
6931 change it to a year.
6932
6933 1734
6934 01:21:05,280 ~-~-> 01:21:06,510
6935 You can see the same thing happening
6936
6937 1735
6938 01:21:06,510 ~-~-> 01:21:10,380
6939 here that the bond market yield turns on
6940
6941 1736
6942 01:21:10,380 ~-~-> 01:21:12,090
6943 the diamond that same April May time
6944
6945 1737
6946 01:21:12,090 ~-~-> 01:21:14,820
6947 period and starts rallying up. So now if
6948
6949 1738
6950 01:21:14,820 ~-~-> 01:21:18,600
6951 we go back to diff first chart already
6952
6953 1739
6954 01:21:18,600 ~-~-> 01:21:22,050
6955 have the US in German. I'm going to
6956
6957 1740
6958 01:21:22,050 ~-~-> 01:21:28,830
6959 paste the UK. And by having the three on
6960
6961 1741
6962 01:21:28,830 ~-~-> 01:21:34,050
6963 here, you can see now the orange makes a
6964
6965 1742
6966 01:21:34,050 ~-~-> 01:21:38,310
6967 lower low than we had here. The red
6968
6969 1743
6970 01:21:38,880 ~-~-> 01:21:41,490
6971 makes a higher low and the green makes a
6972
6973 1744
6974 01:21:41,490 ~-~-> 01:21:43,020
6975 lower low so there's a divergence
6976
6977 1745
6978 01:21:43,020 ~-~-> 01:21:45,930
6979 between the three Okay, and if I go to a
6980
6981 1746
6982 01:21:45,930 ~-~-> 01:21:50,940
6983 six month now you really can't see it's
6984
6985 1747
6986 01:21:50,940 ~-~-> 01:21:55,440
6987 gonna be seen them in one year. But my
6988
6989 1748
6990 01:21:55,440 ~-~-> 01:21:58,020
6991 advice would be is you want to pull this
6992
6993 1749
6994 01:21:58,020 ~-~-> 01:22:00,000
6995 up every month and take yourself
6996
6997 1750
6998 01:22:00,000 ~-~-> 01:22:02,730
6999 snapshot picture, just to create a
7000
7001 1751
7002 01:22:02,730 ~-~-> 01:22:05,550
7003 screen capture. And just keep a record
7004
7005 1752
7006 01:22:05,550 ~-~-> 01:22:06,960
7007 of it and you'll be able to go back and
7008
7009 1753
7010 01:22:06,960 ~-~-> 01:22:09,240
7011 look at where it diverged. But
7012
7013 1754
7014 01:22:09,240 ~-~-> 01:22:10,290
7015 basically, if you look at every three
7016
7017 1755
7018 01:22:10,290 ~-~-> 01:22:12,600
7019 months or so there is a shift. Okay?
7020
7021 1756
7022 01:22:12,600 ~-~-> 01:22:15,660
7023 There's a shift in these, these yields,
7024
7025 1757
7026 01:22:15,840 ~-~-> 01:22:17,250
7027 okay? And you can see the happening here
7028
7029 1758
7030 01:22:17,250 ~-~-> 01:22:18,750
7031 and beginning of the year where the
7032
7033 1759
7034 01:22:18,750 ~-~-> 01:22:21,900
7035 green or the German tenure did not make
7036
7037 1760
7038 01:22:21,900 ~-~-> 01:22:28,620
7039 a higher high, whereas the British UK
7040
7041 1761
7042 01:22:28,650 ~-~-> 01:22:31,500
7043 yielded, and said that the American so
7044
7045 1762
7046 01:22:31,500 ~-~-> 01:22:33,420
7047 that was the shift when they started to
7048
7049 1763
7050 01:22:33,420 ~-~-> 01:22:35,730
7051 move lower. Okay, so there is a
7052
7053 1764
7054 01:22:35,850 ~-~-> 01:22:38,220
7055 continuous move up and down, up and
7056
7057 1765
7058 01:22:38,220 ~-~-> 01:22:39,210
7059 down. But generally around the
7060
7061 1766
7062 01:22:39,210 ~-~-> 01:22:40,830
7063 springtime, there's a sustained move
7064
7065 1767
7066 01:22:41,700 ~-~-> 01:22:45,600
7067 that moves throughout the summer. And
7068
7069 1768
7070 01:22:45,600 ~-~-> 01:22:50,340
7071 it's based on income tax and portfolio
7072
7073 1769
7074 01:22:50,340 ~-~-> 01:22:52,620
7075 addressing that goes along with, you
7076
7077 1770
7078 01:22:52,620 ~-~-> 01:22:56,430
7079 know, money flow, moving things from one
7080
7081 1771
7082 01:22:56,430 ~-~-> 01:22:59,370
7083 asset class to another. A new overall
7084
7085 1772
7086 01:22:59,370 ~-~-> 01:23:01,740
7087 basic level Well, you know, money
7088
7089 1773
7090 01:23:01,740 ~-~-> 01:23:03,870
7091 system, okay? And it just repeats all
7092
7093 1774
7094 01:23:03,870 ~-~-> 01:23:06,390
7095 the times it's, it's always there if you
7096
7097 1775
7098 01:23:06,390 ~-~-> 01:23:09,060
7099 just look at the higher timeframe, macro
7100
7101 1776
7102 01:23:09,060 ~-~-> 01:23:11,010
7103 view like this it's very easy to get in
7104
7105 1777
7106 01:23:11,010 ~-~-> 01:23:13,200
7107 sync with the tide. Now just for
7108
7109 1778
7110 01:23:13,200 ~-~-> 01:23:15,540
7111 completeness sake Okay, we're going to
7112
7113 1779
7114 01:23:15,540 ~-~-> 01:23:18,000
7115 look at the British Pound
7116
7117 1780
7118 01:23:23,220 ~-~-> 01:23:27,600
7119 okay and we're just gonna show you the
7120
7121 1781
7122 01:23:27,600 ~-~-> 01:23:30,360
7123 effects. Again just for completeness
7124
7125 1782
7126 01:23:30,360 ~-~-> 01:23:33,420
7127 sake not to that we're going to utilize
7128
7129 1783
7130 01:23:33,420 ~-~-> 01:23:34,050
7131 in the
7132
7133 1784
7134 01:23:37,230 ~-~-> 01:23:37,800
7135 cable
7136
7137 1785
7138 01:23:40,680 ~-~-> 01:23:45,120
7139 in our examples but wants you to see
7140
7141 1786
7142 01:23:45,180 ~-~-> 01:23:48,090
7143 that the effects are similar with this
7144
7145 1787
7146 01:23:48,090 ~-~-> 01:23:54,960
7147 pair as well. Okay, here's our April now
7148
7149 1788
7150 01:23:54,990 ~-~-> 01:23:58,110
7151 it actually made a low earlier in the
7152
7153 1789
7154 01:23:58,110 ~-~-> 01:24:00,660
7155 year came off. Here's a loaded tradable.
7156
7157 1790
7158 01:24:01,320 ~-~-> 01:24:03,570
7159 Here's a mailer that was tradable. And
7160
7161 1791
7162 01:24:03,570 ~-~-> 01:24:05,550
7163 we came down this is where I was telling
7164
7165 1792
7166 01:24:05,550 ~-~-> 01:24:07,800
7167 everyone in my market review in advance
7168
7169 1793
7170 01:24:07,800 ~-~-> 01:24:09,330
7171 that this level here was going to be
7172
7173 1794
7174 01:24:09,870 ~-~-> 01:24:12,090
7175 sensitive, and we would see a buying
7176
7177 1795
7178 01:24:12,090 ~-~-> 01:24:16,020
7179 opportunity. And here we are 900 pips
7180
7181 1796
7182 01:24:16,050 ~-~-> 01:24:18,600
7183 later, we're up here. And where was he
7184
7185 1797
7186 01:24:18,600 ~-~-> 01:24:21,360
7187 going to go back to an old high? Why was
7188
7189 1798
7190 01:24:21,360 ~-~-> 01:24:22,980
7191 it rallying up like this and canoeing
7192
7193 1799
7194 01:24:22,980 ~-~-> 01:24:24,120
7195 pushing Higher, higher and higher and
7196
7197 1800
7198 01:24:24,120 ~-~-> 01:24:25,800
7199 higher? Everyone scratching their head
7200
7201 1801
7202 01:24:25,800 ~-~-> 01:24:27,870
7203 saying what's going on? It's because
7204
7205 1802
7206 01:24:27,870 ~-~-> 01:24:30,540
7207 it's chasing the yields. Okay? And it's
7208
7209 1803
7210 01:24:30,540 ~-~-> 01:24:32,250
7211 been no clear discernible means of
7212
7213 1804
7214 01:24:32,250 ~-~-> 01:24:34,410
7215 reversing in the yield market. So
7216
7217 1805
7218 01:24:34,410 ~-~-> 01:24:35,910
7219 therefore, there's no real clear,
7220
7221 1806
7222 01:24:35,970 ~-~-> 01:24:37,860
7223 discernible reason to expect this thing
7224
7225 1807
7226 01:24:38,220 ~-~-> 01:24:40,200
7227 to reverse and trade and blow out this
7228
7229 1808
7230 01:24:40,200 ~-~-> 01:24:43,050
7231 low. So I would still be hunting.
7232
7233 1809
7234 01:24:44,370 ~-~-> 01:24:47,280
7235 bullish scenarios longer term, but
7236
7237 1810
7238 01:24:47,280 ~-~-> 01:24:48,900
7239 certainly not negating any short term
7240
7241 1811
7242 01:24:48,930 ~-~-> 01:24:51,150
7243 intraday, scalping or short term
7244
7245 1812
7246 01:24:51,150 ~-~-> 01:24:53,820
7247 intraday day trading scenarios for being
7248
7249 1813
7250 01:24:53,820 ~-~-> 01:24:58,170
7251 a bear. So now we have covered the
7252
7253 1814
7254 01:24:59,610 ~-~-> 01:25:01,590
7255 10 years rate,
7256
7257 1815
7258 01:25:02,460 ~-~-> 01:25:04,800
7259 two, I'm sorry, 10 year t note, okay, if
7260
7261 1816
7262 01:25:04,800 ~-~-> 01:25:06,780
7263 you do your analysis on this futures
7264
7265 1817
7266 01:25:06,780 ~-~-> 01:25:09,690
7267 market, everything is reverse in terms
7268
7269 1818
7270 01:25:09,690 ~-~-> 01:25:12,900
7271 of the interest rates yield. And if the
7272
7273 1819
7274 01:25:12,900 ~-~-> 01:25:15,570
7275 10 years going lower, that means that
7276
7277 1820
7278 01:25:15,570 ~-~-> 01:25:18,300
7279 the bonds are going higher the actual
7280
7281 1821
7282 01:25:18,300 ~-~-> 01:25:21,840
7283 rate yielding the interest rate. And if
7284
7285 1822
7286 01:25:21,840 ~-~-> 01:25:23,670
7287 that's the case, the currency markets
7288
7289 1823
7290 01:25:23,670 ~-~-> 01:25:25,740
7291 are going to chase yield. Okay? So if
7292
7293 1824
7294 01:25:25,740 ~-~-> 01:25:27,090
7295 the yields are dropping, they're going
7296
7297 1825
7298 01:25:27,090 ~-~-> 01:25:29,490
7299 to go on fall it and if it's going up,
7300
7301 1826
7302 01:25:29,790 ~-~-> 01:25:31,650
7303 it's going to be falling as well. Okay.
7304
7305 1827
7306 01:25:32,130 ~-~-> 01:25:34,800
7307 So if that's been cyfle to you, and
7308
7309 1828
7310 01:25:34,920 ~-~-> 01:25:36,240
7311 obviously, you know, it's going to take
7312
7313 1829
7314 01:25:36,240 ~-~-> 01:25:39,480
7315 some time in a long time to learn this
7316
7317 1830
7318 01:25:39,480 ~-~-> 01:25:42,030
7319 concept because it takes a while for
7320
7321 1831
7322 01:25:42,030 ~-~-> 01:25:44,130
7323 these things to cycle through, you know,
7324
7325 1832
7326 01:25:44,130 ~-~-> 01:25:45,930
7327 on an annual basis and quarterly basis,
7328
7329 1833
7330 01:25:45,930 ~-~-> 01:25:47,160
7331 but I promise you if you'd spent some
7332
7333 1834
7334 01:25:47,160 ~-~-> 01:25:49,560
7335 time it'll be absolutely a wealth of
7336
7337 1835
7338 01:25:49,560 ~-~-> 01:25:52,680
7339 insight that is not gleaned anywhere on
7340
7341 1836
7342 01:25:52,680 ~-~-> 01:25:58,800
7343 the internet. Okay, guys, we are looking
7344
7345 1837
7346 01:25:58,800 ~-~-> 01:26:01,350
7347 at the time frame section of this
7348
7349 1838
7350 01:26:01,350 ~-~-> 01:26:05,880
7351 episode. Now, obviously, you know, it
7352
7353 1839
7354 01:26:05,880 ~-~-> 01:26:07,230
7355 can be very daunting for you as a
7356
7357 1840
7358 01:26:07,230 ~-~-> 01:26:09,060
7359 trader, especially if you're new. And
7360
7361 1841
7362 01:26:09,060 ~-~-> 01:26:10,530
7363 you just sit down in front of the charts
7364
7365 1842
7366 01:26:10,530 ~-~-> 01:26:11,490
7367 and you're thinking yourself, you know,
7368
7369 1843
7370 01:26:11,490 ~-~-> 01:26:13,350
7371 what am I supposed to be looking at? And
7372
7373 1844
7374 01:26:13,380 ~-~-> 01:26:14,490
7375 especially looking at a five minute
7376
7377 1845
7378 01:26:14,490 ~-~-> 01:26:16,860
7379 chart, how about 30 minute chart? You
7380
7381 1846
7382 01:26:16,860 ~-~-> 01:26:18,240
7383 know, the guy I've read on the forum
7384
7385 1847
7386 01:26:18,240 ~-~-> 01:26:19,950
7387 said, he looks at a two minute chart and
7388
7389 1848
7390 01:26:19,950 ~-~-> 01:26:21,060
7391 how about the other guy, he looks at a
7392
7393 1849
7394 01:26:21,060 ~-~-> 01:26:23,070
7395 tick chart? And as the guy says he
7396
7397 1850
7398 01:26:23,070 ~-~-> 01:26:24,510
7399 looking at anything but a weekly chart,
7400
7401 1851
7402 01:26:24,540 ~-~-> 01:26:25,620
7403 you know, so what do you do with all
7404
7405 1852
7406 01:26:25,620 ~-~-> 01:26:28,260
7407 that? Well, the main thing is, is you
7408
7409 1853
7410 01:26:28,260 ~-~-> 01:26:30,360
7411 have to keep in mind that whatever
7412
7413 1854
7414 01:26:30,360 ~-~-> 01:26:32,910
7415 timeframe you're trading, that's where
7416
7417 1855
7418 01:26:32,910 ~-~-> 01:26:35,700
7419 you work within. Okay. So basically,
7420
7421 1856
7422 01:26:35,700 ~-~-> 01:26:37,950
7423 knowing your timeframe for your trade is
7424
7425 1857
7426 01:26:37,950 ~-~-> 01:26:40,320
7427 your primary objective. Now, the
7428
7429 1858
7430 01:26:40,320 ~-~-> 01:26:43,230
7431 professional perspective, okay, that the
7432
7433 1859
7434 01:26:43,230 ~-~-> 01:26:46,020
7435 frame of your trade should be at least
7436
7437 1860
7438 01:26:46,290 ~-~-> 01:26:48,330
7439 built upon three timeframes. And that's
7440
7441 1861
7442 01:26:48,330 ~-~-> 01:26:50,970
7443 what we're teaching here. I'm building a
7444
7445 1862
7446 01:26:50,970 ~-~-> 01:26:54,180
7447 large introduction into basically
7448
7449 1863
7450 01:26:54,210 ~-~-> 01:26:56,490
7451 Alexander elders triple screen approach
7452
7453 1864
7454 01:26:56,490 ~-~-> 01:27:00,690
7455 with an ICT twist. So if Position
7456
7457 1865
7458 01:27:00,690 ~-~-> 01:27:03,360
7459 trader, you would utilize the monthly
7460
7461 1866
7462 01:27:03,360 ~-~-> 01:27:05,790
7463 the weekly in a daily chart, okay, and
7464
7465 1867
7466 01:27:05,790 ~-~-> 01:27:07,500
7467 you'd be looking for monthly higher
7468
7469 1868
7470 01:27:07,500 ~-~-> 01:27:09,660
7471 level timeframe support resistance
7472
7473 1869
7474 01:27:09,660 ~-~-> 01:27:12,690
7475 levels and reaction levels and weekly
7476
7477 1870
7478 01:27:12,780 ~-~-> 01:27:15,120
7479 chart as well and then keying off of the
7480
7481 1871
7482 01:27:15,120 ~-~-> 01:27:17,310
7483 daily chart for your trades. Now in this
7484
7485 1872
7486 01:27:17,310 ~-~-> 01:27:18,870
7487 time frame, you don't need to be in
7488
7489 1873
7490 01:27:18,870 ~-~-> 01:27:20,460
7491 front of the charts all the time. In
7492
7493 1874
7494 01:27:20,460 ~-~-> 01:27:22,830
7495 fact, you're probably going to be
7496
7497 1875
7498 01:27:22,860 ~-~-> 01:27:25,440
7499 trading very few setups throughout the
7500
7501 1876
7502 01:27:25,440 ~-~-> 01:27:27,750
7503 year. But for those that have really
7504
7505 1877
7506 01:27:27,750 ~-~-> 01:27:32,340
7507 very, very few hours of the week, to put
7508
7509 1878
7510 01:27:32,340 ~-~-> 01:27:35,580
7511 into trading, position trades may be the
7512
7513 1879
7514 01:27:35,580 ~-~-> 01:27:38,160
7515 way to go. If you're a little bit more
7516
7517 1880
7518 01:27:38,250 ~-~-> 01:27:40,830
7519 free, and you have a lot more hours
7520
7521 1881
7522 01:27:40,920 ~-~-> 01:27:44,580
7523 available to you for intraday, or I'm
7524
7525 1882
7526 01:27:44,580 ~-~-> 01:27:47,370
7527 sorry intra week trading, swing trades
7528
7529 1883
7530 01:27:47,640 ~-~-> 01:27:50,550
7531 might be up your alley. We use the
7532
7533 1884
7534 01:27:50,550 ~-~-> 01:27:52,560
7535 daily, the four hour and the one hour
7536
7537 1885
7538 01:27:52,560 ~-~-> 01:27:54,030
7539 chart and that's really what this series
7540
7541 1886
7542 01:27:54,030 ~-~-> 01:27:56,880
7543 has been framed about. The daily chart
7544
7545 1887
7546 01:27:56,910 ~-~-> 01:27:58,200
7547 and for our chart really are the
7548
7549 1888
7550 01:27:58,200 ~-~-> 01:28:02,490
7551 institutional framework For your your
7552
7553 1889
7554 01:28:02,490 ~-~-> 01:28:04,860
7555 trade setups and your your trade ideas,
7556
7557 1890
7558 01:28:05,730 ~-~-> 01:28:09,000
7559 the one hour basis, you could, you could
7560
7561 1891
7562 01:28:09,030 ~-~-> 01:28:10,980
7563 substitute that with a 15 minute chart,
7564
7565 1892
7566 01:28:11,010 ~-~-> 01:28:13,620
7567 it's really up to you. Okay, there's
7568
7569 1893
7570 01:28:13,620 ~-~-> 01:28:14,850
7571 that's where the level of flexibility
7572
7573 1894
7574 01:28:14,850 ~-~-> 01:28:17,880
7575 comes in. Now short term trading, your
7576
7577 1895
7578 01:28:17,880 ~-~-> 01:28:19,860
7579 high timeframe chart would be the four
7580
7581 1896
7582 01:28:19,860 ~-~-> 01:28:21,750
7583 hour and the one hour be in your mid
7584
7585 1897
7586 01:28:21,750 ~-~-> 01:28:23,880
7587 timeframe and your 15 minute chart would
7588
7589 1898
7590 01:28:23,880 ~-~-> 01:28:26,370
7591 be your execution timeframe. And
7592
7593 1899
7594 01:28:26,370 ~-~-> 01:28:27,900
7595 obviously, for day trades and scalps,
7596
7597 1900
7598 01:28:27,930 ~-~-> 01:28:29,430
7599 your one hour would be higher, higher
7600
7601 1901
7602 01:28:29,430 ~-~-> 01:28:30,960
7603 timeframe, your 15 minute would be your
7604
7605 1902
7606 01:28:30,960 ~-~-> 01:28:33,120
7607 mid timeframe and your five minute chart
7608
7609 1903
7610 01:28:33,120 ~-~-> 01:28:35,340
7611 would be your execution timeframe. Now
7612
7613 1904
7614 01:28:35,340 ~-~-> 01:28:38,940
7615 at any one of these levels of timeframe
7616
7617 1905
7618 01:28:38,940 ~-~-> 01:28:41,370
7619 analysis, you can always break it down
7620
7621 1906
7622 01:28:41,370 ~-~-> 01:28:46,500
7623 further to the lowest form of charting.
7624
7625 1907
7626 01:28:46,500 ~-~-> 01:28:47,970
7627 In other words, you could go down to a
7628
7629 1908
7630 01:28:47,970 ~-~-> 01:28:49,620
7631 one minute chart. Now I don't use one
7632
7633 1909
7634 01:28:49,620 ~-~-> 01:28:51,990
7635 minute charts. The lowest I go is five
7636
7637 1910
7638 01:28:51,990 ~-~-> 01:28:53,580
7639 minutes. And that's only when I've
7640
7641 1911
7642 01:28:53,640 ~-~-> 01:28:56,250
7643 really honed in to a specific key level.
7644
7645 1912
7646 01:28:56,550 ~-~-> 01:28:58,350
7647 And I'm in either either day trading or
7648
7649 1913
7650 01:28:58,350 ~-~-> 01:29:01,080
7651 scalping, which I don't do very much But
7652
7653 1914
7654 01:29:01,110 ~-~-> 01:29:03,630
7655 most of my trades are day trades, short
7656
7657 1915
7658 01:29:03,630 ~-~-> 01:29:06,780
7659 term, and swing trades. But that's the
7660
7661 1916
7662 01:29:06,780 ~-~-> 01:29:08,250
7663 framework you utilize when you're
7664
7665 1917
7666 01:29:08,280 ~-~-> 01:29:09,810
7667 breaking down the market and how you
7668
7669 1918
7670 01:29:09,810 ~-~-> 01:29:11,940
7671 digest it. And if you're going to be a
7672
7673 1919
7674 01:29:12,210 ~-~-> 01:29:13,950
7675 specific type of trader, if you work
7676
7677 1920
7678 01:29:13,950 ~-~-> 01:29:15,240
7679 with these three timeframes, as it
7680
7681 1921
7682 01:29:15,240 ~-~-> 01:29:17,700
7683 should, as suggestions, I think they'll
7684
7685 1922
7686 01:29:17,700 ~-~-> 01:29:19,410
7687 work well with you in terms of your
7688
7689 1923
7690 01:29:19,410 ~-~-> 01:29:23,550
7691 development. Alright, let's talk about
7692
7693 1924
7694 01:29:23,820 ~-~-> 01:29:25,800
7695 cycles in the marketplace. Okay, we're
7696
7697 1925
7698 01:29:25,800 ~-~-> 01:29:27,420
7699 gonna be talking about some smart money
7700
7701 1926
7702 01:29:27,420 ~-~-> 01:29:29,730
7703 concepts and some of these concepts.
7704
7705 1927
7706 01:29:30,150 ~-~-> 01:29:32,790
7707 Again, go back to Larry Williams. And
7708
7709 1928
7710 01:29:32,790 ~-~-> 01:29:34,830
7711 again, he was one of my first technical
7712
7713 1929
7714 01:29:34,830 ~-~-> 01:29:38,310
7715 analyst, quote, unquote, mentors. And
7716
7717 1930
7718 01:29:38,340 ~-~-> 01:29:40,860
7719 one of the coolest things I learned and
7720
7721 1931
7722 01:29:40,890 ~-~-> 01:29:42,360
7723 it didn't really hit me until I started
7724
7725 1932
7726 01:29:42,360 ~-~-> 01:29:44,520
7727 trading the bond market in the s&p but
7728
7729 1933
7730 01:29:46,020 ~-~-> 01:29:48,480
7731 he taught a concept it's very, very
7732
7733 1934
7734 01:29:48,480 ~-~-> 01:29:50,310
7735 generic, and it goes right over your
7736
7737 1935
7738 01:29:50,310 ~-~-> 01:29:51,270
7739 head. If you're a new trader, you're
7740
7741 1936
7742 01:29:51,270 ~-~-> 01:29:52,890
7743 thinking yourself What a stupid or
7744
7745 1937
7746 01:29:53,100 ~-~-> 01:29:54,840
7747 that's not the, you know, exciting,
7748
7749 1938
7750 01:29:54,930 ~-~-> 01:29:57,570
7751 that's pretty obvious. But it's amazing
7752
7753 1939
7754 01:29:57,570 ~-~-> 01:29:59,010
7755 how when you're trading or you're
7756
7757 1940
7758 01:29:59,010 ~-~-> 01:30:00,240
7759 looking for setups you forget This
7760
7761 1941
7762 01:30:00,240 ~-~-> 01:30:00,900
7763 phenomenon.
7764
7765 1942
7766 01:30:02,159 ~-~-> 01:30:04,709
7767 diff concept is basically how the market
7768
7769 1943
7770 01:30:04,709 ~-~-> 01:30:06,899
7771 moves from trading ranges or
7772
7773 1944
7774 01:30:06,899 ~-~-> 01:30:10,229
7775 consolidations, to swings or trends and
7776
7777 1945
7778 01:30:10,229 ~-~-> 01:30:11,639
7779 they move immediately right back into a
7780
7781 1946
7782 01:30:11,639 ~-~-> 01:30:13,919
7783 consolidation. And then after
7784
7785 1947
7786 01:30:13,919 ~-~-> 01:30:15,539
7787 consolidation, people get sick and tired
7788
7789 1948
7790 01:30:15,539 ~-~-> 01:30:16,829
7791 of the marketplace, they don't worry
7792
7793 1949
7794 01:30:16,829 ~-~-> 01:30:19,289
7795 about getting in, or they chased the
7796
7797 1950
7798 01:30:19,289 ~-~-> 01:30:22,469
7799 previous move. And that inside that Oh,
7800
7801 1951
7802 01:30:22,469 ~-~-> 01:30:24,239
7803 consolidation, or these rectangles or
7804
7805 1952
7806 01:30:24,239 ~-~-> 01:30:25,679
7807 squares, if you look at on this chart is
7808
7809 1953
7810 01:30:25,679 ~-~-> 01:30:30,059
7811 as an example. That's where dealers and
7812
7813 1954
7814 01:30:30,059 ~-~-> 01:30:32,729
7815 market makers establish their positions.
7816
7817 1955
7818 01:30:32,759 ~-~-> 01:30:36,149
7819 Okay. So, we do not chase the
7820
7821 1956
7822 01:30:36,149 ~-~-> 01:30:38,219
7823 marketplace. We do not chase price
7824
7825 1957
7826 01:30:38,219 ~-~-> 01:30:40,739
7827 rallies, we do not chase price declines.
7828
7829 1958
7830 01:30:40,769 ~-~-> 01:30:44,009
7831 We work within these consolidations,
7832
7833 1959
7834 01:30:44,189 ~-~-> 01:30:46,319
7835 smart money accumulates during
7836
7837 1960
7838 01:30:46,319 ~-~-> 01:30:48,299
7839 consolidations or when the markets not
7840
7841 1961
7842 01:30:48,329 ~-~-> 01:30:51,299
7843 attractive, okay? And we're going to
7844
7845 1962
7846 01:30:51,299 ~-~-> 01:30:52,799
7847 build on this model as we go through the
7848
7849 1963
7850 01:30:52,799 ~-~-> 01:30:54,089
7851 series, but it's very important for you
7852
7853 1964
7854 01:30:54,089 ~-~-> 01:30:55,919
7855 to start looking at the charts with this
7856
7857 1965
7858 01:30:55,919 ~-~-> 01:30:58,589
7859 premise in mind, are we consolidating
7860
7861 1966
7862 01:30:58,589 ~-~-> 01:31:01,559
7863 because that's the next The precursor is
7864
7865 1967
7866 01:31:01,589 ~-~-> 01:31:04,169
7867 the consolidation, then the next thing
7868
7869 1968
7870 01:31:04,169 ~-~-> 01:31:06,149
7871 to expect would be that he released that
7872
7873 1969
7874 01:31:06,149 ~-~-> 01:31:08,969
7875 dynamic thrust up or down in price
7876
7877 1970
7878 01:31:08,969 ~-~-> 01:31:10,109
7879 action where everybody gets really
7880
7881 1971
7882 01:31:10,109 ~-~-> 01:31:11,879
7883 excited. You see everybody tweeting
7884
7885 1972
7886 01:31:11,879 ~-~-> 01:31:13,409
7887 about it, you see every analysts saying
7888
7889 1973
7890 01:31:13,409 ~-~-> 01:31:14,969
7891 they had it right? For the last six
7892
7893 1974
7894 01:31:14,969 ~-~-> 01:31:17,639
7895 months. That's really what you're
7896
7897 1975
7898 01:31:17,639 ~-~-> 01:31:19,049
7899 looking for. You want to be in there
7900
7901 1976
7902 01:31:19,049 ~-~-> 01:31:20,729
7903 before everyone else is talking about
7904
7905 1977
7906 01:31:20,729 ~-~-> 01:31:21,269
7907 it. Okay?
7908
7909 1978
7910 01:31:23,730 ~-~-> 01:31:25,710
7911 So we're gonna be talking about the
7912
7913 1979
7914 01:31:25,710 ~-~-> 01:31:28,770
7915 concept of power of three. Okay? And
7916
7917 1980
7918 01:31:29,250 ~-~-> 01:31:32,640
7919 what this is, is basically a
7920
7921 1981
7922 01:31:32,670 ~-~-> 01:31:35,010
7923 understanding of how the market works on
7924
7925 1982
7926 01:31:35,010 ~-~-> 01:31:36,600
7927 a daily range. Okay, now we're going to
7928
7929 1983
7930 01:31:36,600 ~-~-> 01:31:39,510
7931 be looking at this bar chart. Okay. Now,
7932
7933 1984
7934 01:31:39,510 ~-~-> 01:31:41,790
7935 obviously, we deal with candlesticks, a
7936
7937 1985
7938 01:31:41,790 ~-~-> 01:31:44,520
7939 lot in my videos, and maybe in your own
7940
7941 1986
7942 01:31:44,850 ~-~-> 01:31:47,100
7943 trading and your technical analysis. But
7944
7945 1987
7946 01:31:47,100 ~-~-> 01:31:48,960
7947 for a couple minutes, let's spend a few
7948
7949 1988
7950 01:31:48,960 ~-~-> 01:31:51,630
7951 moments talking about how the open high
7952
7953 1989
7954 01:31:51,630 ~-~-> 01:31:55,950
7955 low close bar is beneficial. Now, I'm
7956
7957 1990
7958 01:31:55,950 ~-~-> 01:31:57,720
7959 not going to give you a full trees on on
7960
7961 1991
7962 01:31:57,720 ~-~-> 01:31:59,970
7963 this because I have actually a tutorial
7964
7965 1992
7966 01:32:00,000 ~-~-> 01:32:02,190
7967 rereleasing that has much more insight
7968
7969 1993
7970 01:32:02,220 ~-~-> 01:32:04,140
7971 that I'm going to go over in that but
7972
7973 1994
7974 01:32:04,440 ~-~-> 01:32:05,310
7975 this is going to be a brief
7976
7977 1995
7978 01:32:05,310 ~-~-> 01:32:08,340
7979 introduction. The concept briefly is
7980
7981 1996
7982 01:32:08,340 ~-~-> 01:32:10,920
7983 this when the market opens up on a daily
7984
7985 1997
7986 01:32:10,920 ~-~-> 01:32:13,740
7987 range, okay, you as a trader, you want
7988
7989 1998
7990 01:32:13,740 ~-~-> 01:32:16,650
7991 to be participating in large range
7992
7993 1999
7994 01:32:16,650 ~-~-> 01:32:18,810
7995 moves. Okay, like we just discussed in
7996
7997 2000
7998 01:32:18,810 ~-~-> 01:32:20,640
7999 the previous slide. You want to be
8000
8001 2001
8002 01:32:20,670 ~-~-> 01:32:22,710
8003 entering the market when it's quiet when
8004
8005 2002
8006 01:32:22,710 ~-~-> 01:32:24,600
8007 there's not a whole lot of activity, or
8008
8009 2003
8010 01:32:24,720 ~-~-> 01:32:26,730
8011 at least when the ranges start to
8012
8013 2004
8014 01:32:26,730 ~-~-> 01:32:29,070
8015 compress. Okay, when the ranges start to
8016
8017 2005
8018 01:32:29,070 ~-~-> 01:32:31,200
8019 get small, people get really bored with
8020
8021 2006
8022 01:32:31,200 ~-~-> 01:32:32,640
8023 that market, they start chasing the next
8024
8025 2007
8026 01:32:32,640 ~-~-> 01:32:34,620
8027 pair or the next commodity market or
8028
8029 2008
8030 01:32:34,620 ~-~-> 01:32:36,360
8031 whatever it is moving around a lot.
8032
8033 2009
8034 01:32:36,630 ~-~-> 01:32:37,920
8035 That's the one we're going to move move
8036
8037 2010
8038 01:32:37,920 ~-~-> 01:32:40,080
8039 to, well, during this small little
8040
8041 2011
8042 01:32:40,080 ~-~-> 01:32:42,690
8043 consolidations, or small inside days or
8044
8045 2012
8046 01:32:42,690 ~-~-> 01:32:47,370
8047 small, daily ranges, that's when I get
8048
8049 2013
8050 01:32:47,370 ~-~-> 01:32:49,740
8051 really excited because I want to be in
8052
8053 2014
8054 01:32:49,740 ~-~-> 01:32:51,330
8055 there when the markets are getting real
8056
8057 2015
8058 01:32:51,330 ~-~-> 01:32:53,250
8059 quiet to like a spring winding up
8060
8061 2016
8062 01:32:53,250 ~-~-> 01:32:54,480
8063 tighter and tighter and tighter and
8064
8065 2017
8066 01:32:54,480 ~-~-> 01:32:56,310
8067 eventually, something whatever the
8068
8069 2018
8070 01:32:56,310 ~-~-> 01:32:58,620
8071 catalyst is, I don't always know or even
8072
8073 2019
8074 01:32:58,620 ~-~-> 01:33:01,080
8075 care but really know what it is. makes
8076
8077 2020
8078 01:33:01,080 ~-~-> 01:33:03,240
8079 the market take off and hopefully in a
8080
8081 2021
8082 01:33:03,240 ~-~-> 01:33:04,530
8083 pre determined direction that I was
8084
8085 2022
8086 01:33:04,530 ~-~-> 01:33:06,210
8087 positioned then before it takes place.
8088
8089 2023
8090 01:33:06,630 ~-~-> 01:33:08,520
8091 That's that's essentially what you want
8092
8093 2024
8094 01:33:08,520 ~-~-> 01:33:10,860
8095 to be doing in your trading, whether it
8096
8097 2025
8098 01:33:10,860 ~-~-> 01:33:14,160
8099 be day trading, scalping, or short term
8100
8101 2026
8102 01:33:14,160 ~-~-> 01:33:15,450
8103 trading or position trading or swing
8104
8105 2027
8106 01:33:15,450 ~-~-> 01:33:17,190
8107 trading, whatever style trading it is,
8108
8109 2028
8110 01:33:17,460 ~-~-> 01:33:19,350
8111 you want to be getting in your position
8112
8113 2029
8114 01:33:19,380 ~-~-> 01:33:21,180
8115 during these consolidations and
8116
8117 2030
8118 01:33:21,180 ~-~-> 01:33:24,180
8119 contractions of ranges. Okay, looking at
8120
8121 2031
8122 01:33:24,180 ~-~-> 01:33:25,890
8123 this example here on the left hand side
8124
8125 2032
8126 01:33:25,890 ~-~-> 01:33:28,410
8127 of the euro, this daily chart, just
8128
8129 2033
8130 01:33:28,410 ~-~-> 01:33:30,270
8131 stare at the chart for a couple minutes
8132
8133 2034
8134 01:33:30,270 ~-~-> 01:33:32,220
8135 and you'll start seeing the how the
8136
8137 2035
8138 01:33:32,220 ~-~-> 01:33:34,590
8139 ranges gets smaller now excluding the
8140
8141 2036
8142 01:33:34,590 ~-~-> 01:33:36,120
8143 small little itty bitty tiny little
8144
8145 2037
8146 01:33:36,120 ~-~-> 01:33:37,770
8147 ranges, that's actually a Sunday candle.
8148
8149 2038
8150 01:33:37,920 ~-~-> 01:33:39,270
8151 So you got to gotta like disregard
8152
8153 2039
8154 01:33:39,270 ~-~-> 01:33:42,120
8155 those, but before the ranges get really
8156
8157 2040
8158 01:33:42,120 ~-~-> 01:33:44,700
8159 big, they actually get smaller. Okay,
8160
8161 2041
8162 01:33:44,700 ~-~-> 01:33:47,130
8163 and there's other examples of timeframes
8164
8165 2042
8166 01:33:47,130 ~-~-> 01:33:49,080
8167 and sample sizes you can utilize to
8168
8169 2043
8170 01:33:49,080 ~-~-> 01:33:50,640
8171 better illustrate this but I've been
8172
8173 2044
8174 01:33:50,640 ~-~-> 01:33:52,230
8175 looking at this for years and I can see
8176
8177 2045
8178 01:33:52,620 ~-~-> 01:33:53,880
8179 just simply looking at for a few
8180
8181 2046
8182 01:33:53,880 ~-~-> 01:33:56,340
8183 seconds, I can see the the pattern
8184
8185 2047
8186 01:33:56,340 ~-~-> 01:33:57,870
8187 itself where the ranges get smaller than
8188
8189 2048
8190 01:33:57,870 ~-~-> 01:33:59,850
8191 expand, get smaller, get expand and get
8192
8193 2049
8194 01:33:59,850 ~-~-> 01:34:02,790
8195 smaller. mauler that phenomenon, okay,
8196
8197 2050
8198 01:34:03,000 ~-~-> 01:34:05,010
8199 is one of the truest cycles in the
8200
8201 2051
8202 01:34:05,010 ~-~-> 01:34:07,770
8203 marketplace and it goes over everyone's
8204
8205 2052
8206 01:34:07,770 ~-~-> 01:34:09,420
8207 head. They don't pay attention to it.
8208
8209 2053
8210 01:34:09,420 ~-~-> 01:34:10,950
8211 And many times when they hear me talking
8212
8213 2054
8214 01:34:10,950 ~-~-> 01:34:12,060
8215 about it, it's like, well, that's pretty
8216
8217 2055
8218 01:34:12,060 ~-~-> 01:34:14,370
8219 obvious. Is it really obvious because
8220
8221 2056
8222 01:34:14,370 ~-~-> 01:34:16,020
8223 the last few times you took a trade,
8224
8225 2057
8226 01:34:16,020 ~-~-> 01:34:18,480
8227 maybe there are losers? Did you take in
8228
8229 2058
8230 01:34:18,480 ~-~-> 01:34:20,160
8231 consideration what was going on? Did you
8232
8233 2059
8234 01:34:20,160 ~-~-> 01:34:21,750
8235 chase the market after it rallied up to
8236
8237 2060
8238 01:34:21,750 ~-~-> 01:34:23,910
8239 60 pips, okay, but without any kind of
8240
8241 2061
8242 01:34:23,910 ~-~-> 01:34:26,340
8243 retracement or whatever. That's the
8244
8245 2062
8246 01:34:26,340 ~-~-> 01:34:31,830
8247 nature of this cycle, okay. And some of
8248
8249 2063
8250 01:34:31,830 ~-~-> 01:34:33,720
8251 the best money can be made simply with
8252
8253 2064
8254 01:34:33,720 ~-~-> 01:34:37,770
8255 just applying the consolidations to
8256
8257 2065
8258 01:34:37,770 ~-~-> 01:34:40,050
8259 trend or swing component we just
8260
8261 2066
8262 01:34:40,050 ~-~-> 01:34:41,940
8263 discussed in the previous slide, and
8264
8265 2067
8266 01:34:41,970 ~-~-> 01:34:44,190
8267 adding when the daily ranges themselves
8268
8269 2068
8270 01:34:44,190 ~-~-> 01:34:46,500
8271 get smaller. So, inside those larger
8272
8273 2069
8274 01:34:46,830 ~-~-> 01:34:49,260
8275 consolidations, okay, or rectangles
8276
8277 2070
8278 01:34:49,260 ~-~-> 01:34:50,430
8279 where the trading range market
8280
8281 2071
8282 01:34:50,430 ~-~-> 01:34:54,270
8283 environment develops, inside that
8284
8285 2072
8286 01:34:54,270 ~-~-> 01:34:56,100
8287 trading range if you start getting small
8288
8289 2073
8290 01:34:56,100 ~-~-> 01:34:58,890
8291 inside days or small little daily ranges
8292
8293 2074
8294 01:34:58,890 ~-~-> 01:35:01,080
8295 getting smaller than the previous Then
8296
8297 2075
8298 01:35:01,080 ~-~-> 01:35:02,910
8299 you have a really good scenario where it
8300
8301 2076
8302 01:35:02,910 ~-~-> 01:35:03,960
8303 sets up where there's going to be an
8304
8305 2077
8306 01:35:03,960 ~-~-> 01:35:06,090
8307 explosive move one, day two, day three
8308
8309 2078
8310 01:35:06,090 ~-~-> 01:35:08,190
8311 day up or down. Even upon one
8312
8313 2079
8314 01:35:08,190 ~-~-> 01:35:10,080
8315 directional bias, it was the precursor
8316
8317 2080
8318 01:35:10,080 ~-~-> 01:35:12,930
8319 going into that condition. But now let's
8320
8321 2081
8322 01:35:12,930 ~-~-> 01:35:18,210
8323 break the daily bar itself down. Looking
8324
8325 2082
8326 01:35:18,210 ~-~-> 01:35:21,420
8327 at the opening, assuming that we were
8328
8329 2083
8330 01:35:21,720 ~-~-> 01:35:24,450
8331 looking for a up day, okay, or we're in
8332
8333 2084
8334 01:35:24,450 ~-~-> 01:35:28,170
8335 a bullish scenario, generally speaking,
8336
8337 2085
8338 01:35:28,410 ~-~-> 01:35:30,300
8339 if you're trading in an area where it's
8340
8341 2086
8342 01:35:30,300 ~-~-> 01:35:32,250
8343 highly probable for the market to trade
8344
8345 2087
8346 01:35:32,280 ~-~-> 01:35:34,500
8347 up, maybe we're in a consolidation on
8348
8349 2088
8350 01:35:34,500 ~-~-> 01:35:37,260
8351 the daily chart, or four hour and then
8352
8353 2089
8354 01:35:37,260 ~-~-> 01:35:39,660
8355 in the range start contracting, okay.
8356
8357 2090
8358 01:35:40,890 ~-~-> 01:35:43,290
8359 One large range days, this is a notepad
8360
8361 2091
8362 01:35:43,290 ~-~-> 01:35:44,580
8363 moment, get this written down in your
8364
8365 2092
8366 01:35:44,580 ~-~-> 01:35:48,660
8367 notepad on large range days, the open
8368
8369 2093
8370 01:35:48,960 ~-~-> 01:35:51,450
8371 tends to be at the opposite extreme of
8372
8373 2094
8374 01:35:51,450 ~-~-> 01:35:54,180
8375 the daily range, opposed to the close.
8376
8377 2095
8378 01:35:54,990 ~-~-> 01:35:56,400
8379 As you can see in this example,
8380
8381 2096
8382 01:35:56,400 ~-~-> 01:35:57,810
8383 obviously, this is an illustrative
8384
8385 2097
8386 01:35:57,840 ~-~-> 01:36:00,930
8387 example I drew with a computer But it's
8388
8389 2098
8390 01:36:00,930 ~-~-> 01:36:03,690
8391 kind of communicate the basic premise.
8392
8393 2099
8394 01:36:04,560 ~-~-> 01:36:07,140
8395 The open generally is on an update on
8396
8397 2100
8398 01:36:07,140 ~-~-> 01:36:10,410
8399 the large range with an update bias. And
8400
8401 2101
8402 01:36:10,410 ~-~-> 01:36:13,470
8403 a closed typically sees the open at the
8404
8405 2102
8406 01:36:13,470 ~-~-> 01:36:17,670
8407 low today or near the low with the close
8408
8409 2103
8410 01:36:17,790 ~-~-> 01:36:20,250
8411 at or very near the high today. Okay.
8412
8413 2104
8414 01:36:21,090 ~-~-> 01:36:23,910
8415 Now look at the example for a moment to
8416
8417 2105
8418 01:36:23,910 ~-~-> 01:36:24,480
8419 the left.
8420
8421 2106
8422 01:36:35,880 ~-~-> 01:36:38,010
8423 Notice how many again, this is a daily
8424
8425 2107
8426 01:36:38,010 ~-~-> 01:36:40,830
8427 chart of the euro. Notice how many times
8428
8429 2108
8430 01:36:41,040 ~-~-> 01:36:44,550
8431 that open isn't the opposite extreme of
8432
8433 2109
8434 01:36:44,550 ~-~-> 01:36:48,060
8435 the daily bar or the closes. Okay?
8436
8437 2110
8438 01:36:48,510 ~-~-> 01:36:51,600
8439 there's enormous amounts of opportunity
8440
8441 2111
8442 01:36:51,660 ~-~-> 01:36:54,330
8443 within the daily range and that is what
8444
8445 2112
8446 01:36:54,330 ~-~-> 01:36:56,370
8447 you should be looking for. You want to
8448
8449 2113
8450 01:36:56,370 ~-~-> 01:36:58,800
8451 be trading at the very minimum in the
8452
8453 2114
8454 01:36:58,800 ~-~-> 01:37:01,680
8455 directional bias. of the daily range.
8456
8457 2115
8458 01:37:01,830 ~-~-> 01:37:02,220
8459 Okay,
8460
8461 2116
8462 01:37:02,850 ~-~-> 01:37:05,490
8463 we talked about the notion of having the
8464
8465 2117
8466 01:37:05,490 ~-~-> 01:37:07,410
8467 higher low form an early part of the
8468
8469 2118
8470 01:37:07,410 ~-~-> 01:37:09,570
8471 week. Okay, so that same principle
8472
8473 2119
8474 01:37:09,570 ~-~-> 01:37:11,610
8475 applies here just on a daily chart.
8476
8477 2120
8478 01:37:12,000 ~-~-> 01:37:14,820
8479 Okay. So now what this means is, if
8480
8481 2121
8482 01:37:14,820 ~-~-> 01:37:17,310
8483 you're bullish, you want to be looking
8484
8485 2122
8486 01:37:17,310 ~-~-> 01:37:19,860
8487 at the opening price. And looking at
8488
8489 2123
8490 01:37:19,860 ~-~-> 01:37:21,600
8491 that as your filter, so you wouldn't be
8492
8493 2124
8494 01:37:21,600 ~-~-> 01:37:24,660
8495 buying not very much above it, if at all
8496
8497 2125
8498 01:37:24,660 ~-~-> 01:37:28,410
8499 really, and certainly below it, okay?
8500
8501 2126
8502 01:37:28,830 ~-~-> 01:37:31,290
8503 Because what you'll learn is the opening
8504
8505 2127
8506 01:37:31,290 ~-~-> 01:37:35,730
8507 price, very rarely works both sides, up
8508
8509 2128
8510 01:37:35,730 ~-~-> 01:37:39,120
8511 or down before going up, want to update.
8512
8513 2129
8514 01:37:39,150 ~-~-> 01:37:41,640
8515 In other words, price does not spend a
8516
8517 2130
8518 01:37:41,640 ~-~-> 01:37:43,230
8519 whole lot of time monkeying around with
8520
8521 2131
8522 01:37:43,230 ~-~-> 01:37:44,730
8523 the opening price. If it goes down, it's
8524
8525 2132
8526 01:37:44,730 ~-~-> 01:37:46,770
8527 only going down briefly for a very short
8528
8529 2133
8530 01:37:46,770 ~-~-> 01:37:49,050
8531 distance. Maybe reach blow off some
8532
8533 2134
8534 01:37:49,050 ~-~-> 01:37:51,060
8535 stops, maybe retest an old
8536
8537 2135
8538 01:37:51,060 ~-~-> 01:37:53,850
8539 consolidation, dip into an old block of
8540
8541 2136
8542 01:37:54,000 ~-~-> 01:37:56,010
8543 orders for institutional purposes, and
8544
8545 2137
8546 01:37:56,010 ~-~-> 01:37:58,410
8547 then shoot straight up and continuously
8548
8549 2138
8550 01:37:58,410 ~-~-> 01:38:00,000
8551 work one side of the market. Always
8552
8553 2139
8554 01:38:00,000 ~-~-> 01:38:02,820
8555 Through the trading session, and then
8556
8557 2140
8558 01:38:02,820 ~-~-> 01:38:04,860
8559 closing off many times a little bit off
8560
8561 2141
8562 01:38:04,860 ~-~-> 01:38:07,290
8563 the high. Looking at the example you
8564
8565 2142
8566 01:38:07,290 ~-~-> 01:38:09,000
8567 have here, you can see that just about
8568
8569 2143
8570 01:38:09,000 ~-~-> 01:38:14,400
8571 happening almost on a daily basis the
8572
8573 2144
8574 01:38:14,400 ~-~-> 01:38:16,350
8575 vice versa would be obviously on a down
8576
8577 2145
8578 01:38:16,350 ~-~-> 01:38:18,240
8579 move, the open would be very near the
8580
8581 2146
8582 01:38:18,240 ~-~-> 01:38:20,130
8583 high and the close very close to the
8584
8585 2147
8586 01:38:20,130 ~-~-> 01:38:23,640
8587 low. The general principle is the low is
8588
8589 2148
8590 01:38:23,640 ~-~-> 01:38:26,040
8591 formed briefly after the opening on
8592
8593 2149
8594 01:38:26,040 ~-~-> 01:38:28,680
8595 update and the high generally formed
8596
8597 2150
8598 01:38:28,680 ~-~-> 01:38:31,560
8599 between 1500 and 1600 GMT put that in
8600
8601 2151
8602 01:38:31,560 ~-~-> 01:38:33,360
8603 your notepad and then you test that
8604
8605 2152
8606 01:38:33,360 ~-~-> 01:38:35,340
8607 theory on your own going forward for the
8608
8609 2153
8610 01:38:35,340 ~-~-> 01:38:40,890
8611 next couple of weeks. Okay, let's look
8612
8613 2154
8614 01:38:40,920 ~-~-> 01:38:45,180
8615 at a large range day. Okay, we pointed
8616
8617 2155
8618 01:38:45,180 ~-~-> 01:38:48,090
8619 out this one specifically here. And this
8620
8621 2156
8622 01:38:48,090 ~-~-> 01:38:50,100
8623 is one actually did trade. Now,
8624
8625 2157
8626 01:38:50,310 ~-~-> 01:38:52,770
8627 admittedly, I got out during the middle
8628
8629 2158
8630 01:38:52,770 ~-~-> 01:38:54,900
8631 part of the day because I had thought
8632
8633 2159
8634 01:38:54,900 ~-~-> 01:38:57,120
8635 that it was going to retrace a little
8636
8637 2160
8638 01:38:57,120 ~-~-> 01:38:58,200
8639 bit deeper and and give me a better
8640
8641 2161
8642 01:38:58,200 ~-~-> 01:39:01,500
8643 opportunity but I'm missed it. And I was
8644
8645 2162
8646 01:39:01,500 ~-~-> 01:39:02,880
8647 only able to catch the first leg of the
8648
8649 2163
8650 01:39:02,880 ~-~-> 01:39:06,840
8651 daily trend. But this large range day,
8652
8653 2164
8654 01:39:07,350 ~-~-> 01:39:09,870
8655 okay, came with the principles that we
8656
8657 2165
8658 01:39:09,870 ~-~-> 01:39:12,930
8659 just discussed. Okay, we had the chart
8660
8661 2166
8662 01:39:12,930 ~-~-> 01:39:14,280
8663 here on the right hand side is going to
8664
8665 2167
8666 01:39:14,280 ~-~-> 01:39:16,560
8667 depict a few things. The first let's
8668
8669 2168
8670 01:39:16,560 ~-~-> 01:39:18,570
8671 look at this, okay? We have the
8672
8673 2169
8674 01:39:18,570 ~-~-> 01:39:22,230
8675 beginning of a new day here, okay? Then
8676
8677 2170
8678 01:39:22,230 ~-~-> 01:39:24,810
8679 the market Peters around, okay? This is
8680
8681 2171
8682 01:39:24,810 ~-~-> 01:39:27,450
8683 all Asia, okay? And this vertical line
8684
8685 2172
8686 01:39:27,450 ~-~-> 01:39:30,420
8687 delineated here is midnight, New York
8688
8689 2173
8690 01:39:30,420 ~-~-> 01:39:33,720
8691 time, okay. Then you see the market
8692
8693 2174
8694 01:39:33,720 ~-~-> 01:39:35,310
8695 dropped down during the European session
8696
8697 2175
8698 01:39:35,310 ~-~-> 01:39:38,040
8699 in London, then the market takes off
8700
8701 2176
8702 01:39:38,040 ~-~-> 01:39:40,020
8703 goes vertical, goes into a
8704
8705 2177
8706 01:39:40,020 ~-~-> 01:39:43,920
8707 consolidation. Okay. And during this
8708
8709 2178
8710 01:39:43,920 ~-~-> 01:39:45,570
8711 time, what I actually expected was it to
8712
8713 2179
8714 01:39:45,600 ~-~-> 01:39:46,920
8715 retrace a little bit deeper, maybe come
8716
8717 2180
8718 01:39:46,920 ~-~-> 01:39:49,110
8719 back down into touch this high in here.
8720
8721 2181
8722 01:39:49,740 ~-~-> 01:39:53,280
8723 But this was the New York open trade
8724
8725 2182
8726 01:39:53,280 ~-~-> 01:39:56,910
8727 here and then violently traded higher
8728
8729 2183
8730 01:39:56,910 ~-~-> 01:39:58,530
8731 going into the latter part of the day
8732
8733 2184
8734 01:39:59,100 ~-~-> 01:40:02,430
8735 and then Peters off from the high end
8736
8737 2185
8738 01:40:02,430 ~-~-> 01:40:03,840
8739 closes just a little bit off the high
8740
8741 2186
8742 01:40:03,840 ~-~-> 01:40:06,930
8743 but certainly, well way away from the
8744
8745 2187
8746 01:40:06,930 ~-~-> 01:40:09,660
8747 opening price. And then after this
8748
8749 2188
8750 01:40:09,660 ~-~-> 01:40:11,700
8751 vertical delineation here, this is 1800
8752
8753 2189
8754 01:40:11,700 ~-~-> 01:40:13,530
8755 GMT. And I'm gonna talk about these two
8756
8757 2190
8758 01:40:13,530 ~-~-> 01:40:15,630
8759 markers in a moment because I've really
8760
8761 2191
8762 01:40:15,630 ~-~-> 01:40:18,930
8763 never discussed this on any other video
8764
8765 2192
8766 01:40:18,960 ~-~-> 01:40:22,380
8767 or series or any kind of discussion. But
8768
8769 2193
8770 01:40:22,380 ~-~-> 01:40:23,520
8771 I'm actually going to highlight more
8772
8773 2194
8774 01:40:23,520 ~-~-> 01:40:25,260
8775 insight as to why 1800 is a very
8776
8777 2195
8778 01:40:25,260 ~-~-> 01:40:27,570
8779 significant number, then the market
8780
8781 2196
8782 01:40:27,570 ~-~-> 01:40:29,010
8783 essentially goes quiet going into the
8784
8785 2197
8786 01:40:29,010 ~-~-> 01:40:32,100
8787 new day. Now, what is so special about
8788
8789 2198
8790 01:40:32,100 ~-~-> 01:40:33,510
8791 the midnight timeframe on New York?
8792
8793 2199
8794 01:40:33,510 ~-~-> 01:40:36,960
8795 Well, the North American continent
8796
8797 2200
8798 01:40:37,290 ~-~-> 01:40:39,150
8799 doesn't consider the new day.
8800
8801 2201
8802 01:40:40,260 ~-~-> 01:40:40,860
8803 Like,
8804
8805 2202
8806 01:40:41,310 ~-~-> 01:40:43,740
8807 the FX market generally calls the you
8808
8809 2203
8810 01:40:43,740 ~-~-> 01:40:46,770
8811 know, in Wellington being the new new
8812
8813 2204
8814 01:40:46,770 ~-~-> 01:40:48,450
8815 start of a new day, I don't consider
8816
8817 2205
8818 01:40:48,450 ~-~-> 01:40:51,000
8819 that as a new day. Okay, now, I
8820
8821 2206
8822 01:40:51,000 ~-~-> 01:40:52,680
8823 certainly take in consideration all the
8824
8825 2207
8826 01:40:52,680 ~-~-> 01:40:56,430
8827 Asian trading, okay, but I this is gonna
8828
8829 2208
8830 01:40:56,430 ~-~-> 01:40:58,860
8831 be very confusing, but I always count
8832
8833 2209
8834 01:40:58,860 ~-~-> 01:41:02,520
8835 that as Yes. Today's trade my new day
8836
8837 2210
8838 01:41:02,550 ~-~-> 01:41:04,500
8839 begins at midnight, New York Standard
8840
8841 2211
8842 01:41:04,500 ~-~-> 01:41:07,020
8843 Time. Now again, it's gonna probably
8844
8845 2212
8846 01:41:07,020 ~-~-> 01:41:08,940
8847 gonna throw a lot of us off, but just
8848
8849 2213
8850 01:41:08,940 ~-~-> 01:41:10,710
8851 understand this is how I break the
8852
8853 2214
8854 01:41:10,710 ~-~-> 01:41:15,510
8855 market down midnight New York time to
8856
8857 2215
8858 01:41:15,510 ~-~-> 01:41:21,210
8859 1800 GMT time, okay, or basically 2pm
8860
8861 2216
8862 01:41:22,260 ~-~-> 01:41:25,020
8863 New York time. Okay, that's the cutoff
8864
8865 2217
8866 01:41:25,020 ~-~-> 01:41:27,000
8867 of the daily range. Everyone asked when
8868
8869 2218
8870 01:41:27,030 ~-~-> 01:41:28,680
8871 to close, you know, when does New York
8872
8873 2219
8874 01:41:28,680 ~-~-> 01:41:29,820
8875 close or when does this and when does
8876
8877 2220
8878 01:41:29,820 ~-~-> 01:41:32,400
8879 that? Let's talk about the commodity
8880
8881 2221
8882 01:41:32,400 ~-~-> 01:41:34,590
8883 market for a moment because before FX
8884
8885 2222
8886 01:41:34,590 ~-~-> 01:41:36,900
8887 was opened up to the general public, the
8888
8889 2223
8890 01:41:36,900 ~-~-> 01:41:38,400
8891 only time you could really participate
8892
8893 2224
8894 01:41:38,430 ~-~-> 01:41:40,740
8895 in the currency market was if you were
8896
8897 2225
8898 01:41:40,740 ~-~-> 01:41:43,710
8899 trading the options market or the
8900
8901 2226
8902 01:41:43,710 ~-~-> 01:41:46,800
8903 futures and or Midem contracts on the
8904
8905 2227
8906 01:41:46,830 ~-~-> 01:41:50,070
8907 commodity exchanges. And it was in the
8908
8909 2228
8910 01:41:50,070 ~-~-> 01:41:52,680
8911 form of open outcry. Now open outcry
8912
8913 2229
8914 01:41:52,680 ~-~-> 01:41:54,630
8915 still in existence today, not as
8916
8917 2230
8918 01:41:54,690 ~-~-> 01:41:57,150
8919 predominantly as was years ago because
8920
8921 2231
8922 01:41:57,150 ~-~-> 01:41:58,770
8923 everything's slowly transitioning to
8924
8925 2232
8926 01:41:58,770 ~-~-> 01:42:02,010
8927 electronic to dismiss wants to their
8928
8929 2233
8930 01:42:02,010 ~-~-> 01:42:05,310
8931 dismay, but there is essentially a
8932
8933 2234
8934 01:42:05,880 ~-~-> 01:42:08,370
8935 rhythm to the marketplace still based on
8936
8937 2235
8938 01:42:08,370 ~-~-> 01:42:11,220
8939 that open outcry. Now, put this in your
8940
8941 2236
8942 01:42:11,220 ~-~-> 01:42:15,120
8943 notepad currency markets, okay or calm
8944
8945 2237
8946 01:42:15,120 ~-~-> 01:42:16,980
8947 dolls okay that means the commodity
8948
8949 2238
8950 01:42:16,980 ~-~-> 01:42:18,120
8951 markets that trade on the futures
8952
8953 2239
8954 01:42:18,120 ~-~-> 01:42:20,220
8955 contract basis that means Australian
8956
8957 2240
8958 01:42:20,220 ~-~-> 01:42:23,340
8959 dollar Canadian dollar British Pound
8960
8961 2241
8962 01:42:23,460 ~-~-> 01:42:27,600
8963 Swiss franc Japanese yen okay those
8964
8965 2242
8966 01:42:27,600 ~-~-> 01:42:30,390
8967 currencies okay or Calm down, they can
8968
8969 2243
8970 01:42:30,690 ~-~-> 01:42:33,810
8971 be traded as a futures contract the
8972
8973 2244
8974 01:42:33,810 ~-~-> 01:42:36,840
8975 futures contract open outcry pit begins
8976
8977 2245
8978 01:42:36,840 ~-~-> 01:42:41,100
8979 trading at 720 New York time now what do
8980
8981 2246
8982 01:42:41,100 ~-~-> 01:42:42,360
8983 you think so significant about that
8984
8985 2247
8986 01:42:42,360 ~-~-> 01:42:45,480
8987 time? That's 20 minutes after the
8988
8989 2248
8990 01:42:45,480 ~-~-> 01:42:47,280
8991 beginning of our New York open kill
8992
8993 2249
8994 01:42:47,280 ~-~-> 01:42:50,340
8995 zone. Okay. Why is the New York open
8996
8997 2250
8998 01:42:50,610 ~-~-> 01:42:52,620
8999 kill zone so cool and so easy to trade
9000
9001 2251
9002 01:42:52,650 ~-~-> 01:42:56,880
9003 is because that market event open outcry
9004
9005 2252
9006 01:42:57,240 ~-~-> 01:42:59,970
9007 also is going to be involved in the
9008
9009 2253
9010 01:43:00,000 ~-~-> 01:43:04,980
9011 Daily range, okay. Why 1800? Well,
9012
9013 2254
9014 01:43:05,250 ~-~-> 01:43:06,990
9015 because at two o'clock in the afternoon
9016
9017 2255
9018 01:43:06,990 ~-~-> 01:43:09,000
9019 in New York time, the open outcry pit
9020
9021 2256
9022 01:43:09,000 ~-~-> 01:43:11,130
9023 closes, and they are gone for the day.
9024
9025 2257
9026 01:43:11,670 ~-~-> 01:43:13,320
9027 And you can see here that clearly is
9028
9029 2258
9030 01:43:13,320 ~-~-> 01:43:15,660
9031 illustrated, there's no more volatility,
9032
9033 2259
9034 01:43:15,690 ~-~-> 01:43:18,030
9035 very measured, very little volatility
9036
9037 2260
9038 01:43:18,030 ~-~-> 01:43:21,600
9039 all unless there's an FOMC you know,
9040
9041 2261
9042 01:43:21,600 ~-~-> 01:43:22,710
9043 interest rate announcement, which
9044
9045 2262
9046 01:43:22,710 ~-~-> 01:43:24,480
9047 typically comes in around two o'clock in
9048
9049 2263
9050 01:43:24,480 ~-~-> 01:43:26,910
9051 the afternoon, in late in the afternoon,
9052
9053 2264
9054 01:43:26,940 ~-~-> 01:43:28,290
9055 where it really nobody should be trading
9056
9057 2265
9058 01:43:28,290 ~-~-> 01:43:31,920
9059 anyway. So will you miss a moose?
9060
9061 2266
9062 01:43:31,950 ~-~-> 01:43:34,020
9063 Certainly, if you if you're really
9064
9065 2267
9066 01:43:34,020 ~-~-> 01:43:36,090
9067 involved in trying to gamble trading
9068
9069 2268
9070 01:43:36,090 ~-~-> 01:43:37,650
9071 those types of events like non farm
9072
9073 2269
9074 01:43:37,650 ~-~-> 01:43:39,330
9075 payroll, I can certainly do without
9076
9077 2270
9078 01:43:39,330 ~-~-> 01:43:41,280
9079 trading one Friday every month, okay. I
9080
9081 2271
9082 01:43:41,280 ~-~-> 01:43:43,020
9083 don't really care to be a part of that
9084
9085 2272
9086 01:43:43,020 ~-~-> 01:43:44,940
9087 roller coaster. I can trade it I just
9088
9089 2273
9090 01:43:44,940 ~-~-> 01:43:48,630
9091 choose not to. But if you break it out
9092
9093 2274
9094 01:43:48,630 ~-~-> 01:43:50,760
9095 your days like this, okay, on an
9096
9097 2275
9098 01:43:50,760 ~-~-> 01:43:52,170
9099 intraday basis, I think what you'll
9100
9101 2276
9102 01:43:52,170 ~-~-> 01:43:54,570
9103 start seeing is there's a clear symmetry
9104
9105 2277
9106 01:43:54,570 ~-~-> 01:43:59,850
9107 to the market that goes unnoticed by 99%
9108
9109 2278
9110 01:43:59,880 ~-~-> 01:44:04,710
9111 of have mentors or gurus or teachers, or
9112
9113 2279
9114 01:44:04,710 ~-~-> 01:44:06,510
9115 even traders and this is the actual
9116
9117 2280
9118 01:44:06,510 ~-~-> 01:44:08,760
9119 daily range that goes on every single
9120
9121 2281
9122 01:44:08,760 ~-~-> 01:44:11,040
9123 day. If you understand how that works,
9124
9125 2282
9126 01:44:11,040 ~-~-> 01:44:15,210
9127 you can see this, the open the down move
9128
9129 2283
9130 01:44:15,330 ~-~-> 01:44:17,550
9131 to move up the high and off the close.
9132
9133 2284
9134 01:44:18,300 ~-~-> 01:44:20,250
9135 And as you see here, the open the down
9136
9137 2285
9138 01:44:20,250 ~-~-> 01:44:22,740
9139 move the high format and then off the
9140
9141 2286
9142 01:44:22,740 ~-~-> 01:44:24,690
9143 close, I mean off the high as it close.
9144
9145 2287
9146 01:44:25,200 ~-~-> 01:44:27,780
9147 So that's what we're looking for when
9148
9149 2288
9150 01:44:27,780 ~-~-> 01:44:29,250
9151 we're trading intraday or getting
9152
9153 2289
9154 01:44:29,250 ~-~-> 01:44:33,210
9155 positioned during up. We're bullish
9156
9157 2290
9158 01:44:33,240 ~-~-> 01:44:34,440
9159 market environments.
9160
9161 2291
9162 01:44:38,190 ~-~-> 01:44:41,250
9163 Okay, let's talk about kill zones. Okay,
9164
9165 2292
9166 01:44:41,250 ~-~-> 01:44:43,080
9167 and first we're gonna talk about it in
9168
9169 2293
9170 01:44:43,140 ~-~-> 01:44:45,000
9171 my timezone which is the Eastern
9172
9173 2294
9174 01:44:45,000 ~-~-> 01:44:47,130
9175 Standard Time. I live on the east coast
9176
9177 2295
9178 01:44:47,130 ~-~-> 01:44:49,410
9179 of North America in Baltimore, Maryland.
9180
9181 2296
9182 01:44:50,490 ~-~-> 01:44:54,990
9183 And basically, we're looking at the
9184
9185 2297
9186 01:44:54,990 ~-~-> 01:44:57,480
9187 European and American session. We're not
9188
9189 2298
9190 01:44:57,480 ~-~-> 01:44:59,730
9191 going to spend too much time actually
9192
9193 2299
9194 01:44:59,760 ~-~-> 01:45:01,260
9195 really Anytime at all really talking
9196
9197 2300
9198 01:45:01,260 ~-~-> 01:45:04,650
9199 about Asia or the Pacific Australian
9200
9201 2301
9202 01:45:04,650 ~-~-> 01:45:06,960
9203 session, because it's basically the
9204
9205 2302
9206 01:45:06,960 ~-~-> 01:45:09,000
9207 quiet portion of the daily range and
9208
9209 2303
9210 01:45:09,000 ~-~-> 01:45:11,370
9211 really when markets are accumulating new
9212
9213 2304
9214 01:45:11,370 ~-~-> 01:45:13,350
9215 orders, okay, and we'll talk more about
9216
9217 2305
9218 01:45:13,350 ~-~-> 01:45:16,230
9219 that later on in other episodes. But for
9220
9221 2306
9222 01:45:16,230 ~-~-> 01:45:19,320
9223 now, understand this, I generally start
9224
9225 2307
9226 01:45:19,320 ~-~-> 01:45:22,020
9227 hunting during the Frankfurt open, which
9228
9229 2308
9230 01:45:22,020 ~-~-> 01:45:24,360
9231 is to aim and many, many times you'll
9232
9233 2309
9234 01:45:24,360 ~-~-> 01:45:26,370
9235 hear me commonly call to end the
9236
9237 2310
9238 01:45:26,370 ~-~-> 01:45:28,950
9239 beginning of the London session. And
9240
9241 2311
9242 01:45:28,950 ~-~-> 01:45:32,070
9243 it's either because I'm rushing, trying
9244
9245 2312
9246 01:45:32,070 ~-~-> 01:45:34,470
9247 to talk about something and really just
9248
9249 2313
9250 01:45:34,800 ~-~-> 01:45:37,110
9251 inadvertently misquoting it, but just
9252
9253 2314
9254 01:45:37,110 ~-~-> 01:45:39,030
9255 understand this when I get up in the
9256
9257 2315
9258 01:45:39,030 ~-~-> 01:45:40,740
9259 middle of night to start trading in my
9260
9261 2316
9262 01:45:40,740 ~-~-> 01:45:42,930
9263 timezone. Okay, two o'clock in the
9264
9265 2317
9266 01:45:42,930 ~-~-> 01:45:45,810
9267 morning, I'm in there hunting, okay, but
9268
9269 2318
9270 01:45:45,810 ~-~-> 01:45:47,340
9271 I'm hunting essentially the move that
9272
9273 2319
9274 01:45:47,340 ~-~-> 01:45:49,080
9275 sets the higher the low of the day, and
9276
9277 2320
9278 01:45:49,080 ~-~-> 01:45:51,150
9279 I want to trade in directional bias for
9280
9281 2321
9282 01:45:51,150 ~-~-> 01:45:53,220
9283 that daily range going into London close
9284
9285 2322
9286 01:45:54,150 ~-~-> 01:45:59,040
9287 and or 1800 GMT. Okay. The London kill
9288
9289 2323
9290 01:45:59,040 ~-~-> 01:46:04,800
9291 zone. I use 5am as mine close of shop.
9292
9293 2324
9294 01:46:04,830 ~-~-> 01:46:06,150
9295 In other words, if I haven't established
9296
9297 2325
9298 01:46:06,180 ~-~-> 01:46:09,690
9299 a position by 5am my time, okay, I
9300
9301 2326
9302 01:46:09,690 ~-~-> 01:46:11,880
9303 basically take a nap and come back right
9304
9305 2327
9306 01:46:11,880 ~-~-> 01:46:13,230
9307 before seven o'clock in the morning.
9308
9309 2328
9310 01:46:13,440 ~-~-> 01:46:14,940
9311 Okay, generally at 630 in the morning,
9312
9313 2329
9314 01:46:14,940 ~-~-> 01:46:16,200
9315 I'm picking up the charts and seeing
9316
9317 2330
9318 01:46:16,200 ~-~-> 01:46:18,780
9319 what's going on. Now, for the American
9320
9321 2331
9322 01:46:18,780 ~-~-> 01:46:20,610
9323 session here, you see 8am. And that's
9324
9325 2332
9326 01:46:20,610 ~-~-> 01:46:23,400
9327 commonly what's been disclosed with many
9328
9329 2333
9330 01:46:23,430 ~-~-> 01:46:25,440
9331 other trading teachers. Okay, but if you
9332
9333 2334
9334 01:46:25,440 ~-~-> 01:46:27,870
9335 look at your charts, guys, many times
9336
9337 2335
9338 01:46:27,870 ~-~-> 01:46:29,880
9339 the moves are starting about 7am between
9340
9341 2336
9342 01:46:29,880 ~-~-> 01:46:33,240
9343 7am to 7:30am. Okay, and now you
9344
9345 2337
9346 01:46:33,240 ~-~-> 01:46:35,070
9347 understand why because the open outcry
9348
9349 2338
9350 01:46:35,070 ~-~-> 01:46:37,860
9351 pit starts at 7:20am New York time. So
9352
9353 2339
9354 01:46:37,860 ~-~-> 01:46:39,570
9355 there's a reason why there's something
9356
9357 2340
9358 01:46:39,870 ~-~-> 01:46:42,600
9359 that you generates a signal there or a
9360
9361 2341
9362 01:46:42,600 ~-~-> 01:46:43,890
9363 swing higher swing low that can be
9364
9365 2342
9366 01:46:43,890 ~-~-> 01:46:46,230
9367 incorporated on that daily range, to
9368
9369 2343
9370 01:46:46,230 ~-~-> 01:46:48,900
9371 trade intraday setups, whether it be
9372
9373 2344
9374 01:46:48,900 ~-~-> 01:46:52,680
9375 scalps or day trades. And I'm usually
9376
9377 2345
9378 01:46:52,680 ~-~-> 01:46:54,960
9379 close up shop anywhere between 1500 to
9380
9381 2346
9382 01:46:54,960 ~-~-> 01:46:58,050
9383 1600. GMT, generally 80% of the time,
9384
9385 2347
9386 01:46:58,230 ~-~-> 01:47:00,000
9387 and then when it's really really tasty.
9388
9389 2348
9390 01:47:00,000 ~-~-> 01:47:02,280
9391 taken off and blown out all upset as I
9392
9393 2349
9394 01:47:02,280 ~-~-> 01:47:05,610
9395 had for the day. I'll leave a very small
9396
9397 2350
9398 01:47:05,610 ~-~-> 01:47:08,190
9399 portion of the trade on for 1800 GMT but
9400
9401 2351
9402 01:47:08,190 ~-~-> 01:47:10,980
9403 very rarely does it ever happen many
9404
9405 2352
9406 01:47:11,010 ~-~-> 01:47:12,750
9407 most of time 80% of the time I'm out of
9408
9409 2353
9410 01:47:12,750 ~-~-> 01:47:15,630
9411 the market by 1600 GMT So between 1500
9412
9413 2354
9414 01:47:15,720 ~-~-> 01:47:18,600
9415 and 1600 GMT that used to close of the
9416
9417 2355
9418 01:47:18,600 ~-~-> 01:47:20,580
9419 day for me it's we're not usually you'll
9420
9421 2356
9422 01:47:20,580 ~-~-> 01:47:22,200
9423 see the higher low form for the day.
9424
9425 2357
9426 01:47:22,980 ~-~-> 01:47:25,230
9427 Okay folks, we're looking at the Euro
9428
9429 2358
9430 01:47:25,230 ~-~-> 01:47:28,710
9431 USD five minute chart. And what I have
9432
9433 2359
9434 01:47:28,710 ~-~-> 01:47:31,260
9435 delineated on this chart here we have
9436
9437 2360
9438 01:47:31,350 ~-~-> 01:47:35,430
9439 these red dashed lines, okay, and green
9440
9441 2361
9442 01:47:35,430 ~-~-> 01:47:37,170
9443 dashed lines, okay, now if I keep my
9444
9445 2362
9446 01:47:37,170 ~-~-> 01:47:38,520
9447 mouse right on top of it, it's going to
9448
9449 2363
9450 01:47:38,520 ~-~-> 01:47:41,460
9451 show the ICT Asian range and what I've
9452
9453 2364
9454 01:47:41,460 ~-~-> 01:47:46,110
9455 done was simply pull up the indicator
9456
9457 2365
9458 01:47:47,310 ~-~-> 01:47:49,260
9459 and I edited the beginning
9460
9461 2366
9462 01:47:50,670 ~-~-> 01:47:51,450
9463 and end
9464
9465 2367
9466 01:47:51,930 ~-~-> 01:47:56,100
9467 of specific windows of time. This is the
9468
9469 2368
9470 01:47:56,490 ~-~-> 01:47:58,830
9471 London open kill zone that I trade with
9472
9473 2369
9474 01:47:59,550 ~-~-> 01:48:02,280
9475 begins stocking setups for the European
9476
9477 2370
9478 01:48:02,280 ~-~-> 01:48:05,760
9479 session at six GMT. And as late as 10
9480
9481 2371
9482 01:48:05,760 ~-~-> 01:48:10,290
9483 GMT. And for the New York open, I made
9484
9485 2372
9486 01:48:10,290 ~-~-> 01:48:12,390
9487 it real easy. And something that's
9488
9489 2373
9490 01:48:12,420 ~-~-> 01:48:13,920
9491 generic you guys can use over and over
9492
9493 2374
9494 01:48:13,920 ~-~-> 01:48:18,360
9495 again 12 to 15 GMT. Okay 12 to 15 GMT
9496
9497 2375
9498 01:48:18,810 ~-~-> 01:48:21,210
9499 took out all of the subtle nuances that
9500
9501 2376
9502 01:48:21,210 ~-~-> 01:48:24,630
9503 make me use 30 minute dividers and such
9504
9505 2377
9506 01:48:24,630 ~-~-> 01:48:26,460
9507 I'm just giving you a block of time 12
9508
9509 2378
9510 01:48:26,460 ~-~-> 01:48:29,130
9511 to 15 GMT. And that'll give you
9512
9513 2379
9514 01:48:29,160 ~-~-> 01:48:31,500
9515 everything you would need for the New
9516
9517 2380
9518 01:48:31,500 ~-~-> 01:48:35,310
9519 York open session. Now when you have
9520
9521 2381
9522 01:48:35,310 ~-~-> 01:48:38,610
9523 this on your chart, okay, and I'm sure
9524
9525 2382
9526 01:48:38,610 ~-~-> 01:48:39,750
9527 you're probably asking yourself, you
9528
9529 2383
9530 01:48:39,750 ~-~-> 01:48:40,890
9531 know, what's great, can I have that
9532
9533 2384
9534 01:48:40,890 ~-~-> 01:48:43,680
9535 indicator to I'm going to supply it, I'm
9536
9537 2385
9538 01:48:43,680 ~-~-> 01:48:48,210
9539 going to add it to a file server and if
9540
9541 2386
9542 01:48:48,240 ~-~-> 01:48:53,010
9543 FX gears comm could could allow me to
9544
9545 2387
9546 01:48:53,190 ~-~-> 01:48:55,110
9547 host it on the thread I'm doing there.
9548
9549 2388
9550 01:48:55,590 ~-~-> 01:48:57,690
9551 That's wonderful. If not, I'll get with
9552
9553 2389
9554 01:48:57,690 ~-~-> 01:48:59,880
9555 jack and see if he could hook you guys
9556
9557 2390
9558 01:48:59,880 ~-~-> 01:49:02,580
9559 up. You guys can download it and a
9560
9561 2391
9562 01:49:02,580 ~-~-> 01:49:04,380
9563 couple other indicators that we're going
9564
9565 2392
9566 01:49:04,380 ~-~-> 01:49:06,930
9567 to be employing in this video series.
9568
9569 2393
9570 01:49:08,430 ~-~-> 01:49:09,720
9571 Now what I want to draw your attention
9572
9573 2394
9574 01:49:09,720 ~-~-> 01:49:12,840
9575 to is that I want you to see the highs
9576
9577 2395
9578 01:49:12,840 ~-~-> 01:49:15,510
9579 and lows that form during these
9580
9581 2396
9582 01:49:15,510 ~-~-> 01:49:17,880
9583 particular sessions. This is the new
9584
9585 2397
9586 01:49:17,880 ~-~-> 01:49:20,160
9587 york open session and the London open
9588
9589 2398
9590 01:49:20,160 ~-~-> 01:49:22,410
9591 session, the high the day form during
9592
9593 2399
9594 01:49:22,440 ~-~-> 01:49:26,250
9595 the London open and the low was
9596
9597 2400
9598 01:49:26,250 ~-~-> 01:49:28,830
9599 essentially almost formed during the New
9600
9601 2401
9602 01:49:28,830 ~-~-> 01:49:32,760
9603 York session going into that 1600 hour
9604
9605 2402
9606 01:49:34,050 ~-~-> 01:49:34,950
9607 the next day.
9608
9609 2403
9610 01:49:36,330 ~-~-> 01:49:39,180
9611 Okay, we have a nice tradable rally up
9612
9613 2404
9614 01:49:39,210 ~-~-> 01:49:43,500
9615 into this area of time it was just
9616
9617 2405
9618 01:49:43,500 ~-~-> 01:49:46,470
9619 outside of it by two, two bars here or
9620
9621 2406
9622 01:49:46,470 ~-~-> 01:49:49,590
9623 an hour 10 minutes and then sold off. We
9624
9625 2407
9626 01:49:49,590 ~-~-> 01:49:51,090
9627 have a nice opportunity to get in sync
9628
9629 2408
9630 01:49:51,090 ~-~-> 01:49:53,070
9631 with the daily trend here with a high
9632
9633 2409
9634 01:49:53,070 ~-~-> 01:49:56,340
9635 forming in New York open and making a
9636
9637 2410
9638 01:49:56,340 ~-~-> 01:50:00,510
9639 move lower. We have the low forming in
9640
9641 2411
9642 01:50:00,510 ~-~-> 01:50:02,940
9643 London. And then another tradable low
9644
9645 2412
9646 01:50:02,940 ~-~-> 01:50:06,330
9647 off of the direction formed from the
9648
9649 2413
9650 01:50:06,360 ~-~-> 01:50:09,540
9651 London open. Here is the New York open
9652
9653 2414
9654 01:50:10,260 ~-~-> 01:50:16,080
9655 trade. And this happened to be one that
9656
9657 2415
9658 01:50:16,080 ~-~-> 01:50:20,310
9659 I took part in and a live trade. So this
9660
9661 2416
9662 01:50:20,310 ~-~-> 01:50:22,260
9663 is the scenario. I'll go over this
9664
9665 2417
9666 01:50:22,260 ~-~-> 01:50:23,490
9667 because I hadn't been doing video
9668
9669 2418
9670 01:50:24,150 ~-~-> 01:50:27,930
9671 reviews in a couple weeks. Just give you
9672
9673 2419
9674 01:50:27,930 ~-~-> 01:50:35,760
9675 this as a highlight. Okay, the price
9676
9677 2420
9678 01:50:35,760 ~-~-> 01:50:40,590
9679 made all these multiple steps lower and
9680
9681 2421
9682 01:50:40,590 ~-~-> 01:50:42,180
9683 showed an unwillingness to go lower
9684
9685 2422
9686 01:50:42,210 ~-~-> 01:50:45,870
9687 consolidated, found a low in London
9688
9689 2423
9690 01:50:45,930 ~-~-> 01:50:51,060
9691 open, trade it up and retraced into New
9692
9693 2424
9694 01:50:51,060 ~-~-> 01:50:53,490
9695 York session going into optimal trade
9696
9697 2425
9698 01:50:53,490 ~-~-> 01:50:59,040
9699 entry and a sweet spot and rallied on up
9700
9701 2426
9702 01:50:59,070 ~-~-> 01:50:59,490
9703 now
9704
9705 2427
9706 01:51:01,860 ~-~-> 01:51:02,370
9707 If
9708
9709 2428
9710 01:51:08,580 ~-~-> 01:51:09,750
9711 you use your
9712
9713 2429
9714 01:51:12,030 ~-~-> 01:51:13,140
9715 Fibonacci tools
9716
9717 2430
9718 01:51:25,050 ~-~-> 01:51:28,410
9719 here's your 162 extension, nailing it
9720
9721 2431
9722 01:51:28,500 ~-~-> 01:51:31,200
9723 for the high and we'll talk more about
9724
9725 2432
9726 01:51:31,200 ~-~-> 01:51:33,930
9727 targeting and an exit prices and all
9728
9729 2433
9730 01:51:33,930 ~-~-> 01:51:35,850
9731 that stuff when we get into later
9732
9733 2434
9734 01:51:36,000 ~-~-> 01:51:38,220
9735 portions of the series but you can see
9736
9737 2435
9738 01:51:38,220 ~-~-> 01:51:41,790
9739 how the London and New York open kill
9740
9741 2436
9742 01:51:41,790 ~-~-> 01:51:43,290
9743 zones here gave you very nice
9744
9745 2437
9746 01:51:43,320 ~-~-> 01:51:46,290
9747 opportunities for setup. Here we have
9748
9749 2438
9750 01:51:46,290 ~-~-> 01:51:48,810
9751 another scenario where using the
9752
9753 2439
9754 01:51:48,810 ~-~-> 01:51:51,420
9755 previous day's low, okay, and all we're
9756
9757 2440
9758 01:51:51,420 ~-~-> 01:51:52,740
9759 doing here is highlighting the
9760
9761 2441
9762 01:51:52,740 ~-~-> 01:51:56,610
9763 importance or the influence that the New
9764
9765 2442
9766 01:51:56,610 ~-~-> 01:52:01,140
9767 York and London kill zones provides for
9768
9769 2443
9770 01:52:01,320 ~-~-> 01:52:04,860
9771 setting up opportunities to trade this
9772
9773 2444
9774 01:52:05,010 ~-~-> 01:52:09,150
9775 area here, okay, during the London open,
9776
9777 2445
9778 01:52:11,010 ~-~-> 01:52:13,920
9779 we retraced inside this range here. And
9780
9781 2446
9782 01:52:13,920 ~-~-> 01:52:16,290
9783 then where we had this consolidation and
9784
9785 2447
9786 01:52:16,290 ~-~-> 01:52:18,750
9787 the market moved out of it, this this
9788
9789 2448
9790 01:52:18,780 ~-~-> 01:52:22,410
9791 placement can only happen when there is
9792
9793 2449
9794 01:52:22,500 ~-~-> 01:52:24,990
9795 a large entity behind the move, okay,
9796
9797 2450
9798 01:52:24,990 ~-~-> 01:52:27,180
9799 retail traders will not cause this.
9800
9801 2451
9802 01:52:27,330 ~-~-> 01:52:29,910
9803 Okay. And then price retraces back into
9804
9805 2452
9806 01:52:29,910 ~-~-> 01:52:31,680
9807 it. And then What's it do arise up
9808
9809 2453
9810 01:52:31,680 ~-~-> 01:52:33,870
9811 again, where's it rally to, to take out
9812
9813 2454
9814 01:52:33,990 ~-~-> 01:52:36,150
9815 old highs in here that were to clean?
9816
9817 2455
9818 01:52:36,300 ~-~-> 01:52:38,640
9819 Okay, it's way too clean and price
9820
9821 2456
9822 01:52:38,640 ~-~-> 01:52:40,200
9823 stabbed up in there and gave an
9824
9825 2457
9826 01:52:40,200 ~-~-> 01:52:42,480
9827 opportunity to take profits if you were
9828
9829 2458
9830 01:52:42,480 ~-~-> 01:52:44,970
9831 a short term scalper on the long side,
9832
9833 2459
9834 01:52:45,390 ~-~-> 01:52:47,970
9835 but the bias was lower. Okay. And we
9836
9837 2460
9838 01:52:47,970 ~-~-> 01:52:51,840
9839 talked about earlier. You know how it's
9840
9841 2461
9842 01:52:51,840 ~-~-> 01:52:52,950
9843 important to focus on these higher
9844
9845 2462
9846 01:52:52,950 ~-~-> 01:52:57,870
9847 timeframe key reaction levels and the
9848
9849 2463
9850 01:52:57,900 ~-~-> 01:52:59,760
9851 that was the reason why we saw this
9852
9853 2464
9854 01:53:00,270 ~-~-> 01:53:05,490
9855 Really explosive move lower the high
9856
9857 2465
9858 01:53:05,490 ~-~-> 01:53:08,280
9859 form during the New York open session
9860
9861 2466
9862 01:53:08,940 ~-~-> 01:53:12,510
9863 and the low actually formed in the New
9864
9865 2467
9866 01:53:12,510 ~-~-> 01:53:16,140
9867 York session as well. The Fallen day we
9868
9869 2468
9870 01:53:16,140 ~-~-> 01:53:19,980
9871 had a short term, high four and a half
9872
9873 2469
9874 01:53:19,980 ~-~-> 01:53:24,960
9875 here, but a tradable low formed off the
9876
9877 2470
9878 01:53:24,990 ~-~-> 01:53:28,590
9879 fiber ended New York session making the
9880
9881 2471
9882 01:53:28,590 ~-~-> 01:53:31,500
9883 high here and enclosing the weekend. As
9884
9885 2472
9886 01:53:31,500 ~-~-> 01:53:37,680
9887 we see the kill zones are where you
9888
9889 2473
9890 01:53:37,710 ~-~-> 01:53:41,430
9891 bracket in terms of time. Now by itself
9892
9893 2474
9894 01:53:41,460 ~-~-> 01:53:43,020
9895 doesn't do anything for you. You have to
9896
9897 2475
9898 01:53:43,020 ~-~-> 01:53:44,730
9899 have an understanding of support
9900
9901 2476
9902 01:53:44,730 ~-~-> 01:53:49,260
9903 resistance and key music reaction levels
9904
9905 2477
9906 01:53:49,260 ~-~-> 01:53:51,930
9907 and directional premise to frame your
9908
9909 2478
9910 01:53:51,930 ~-~-> 01:53:54,630
9911 trade on but inside these little
9912
9913 2479
9914 01:53:54,630 ~-~-> 01:53:57,510
9915 pockets, okay, and really it looks like
9916
9917 2480
9918 01:53:57,510 ~-~-> 01:54:00,630
9919 this if if it's hard for You just see
9920
9921 2481
9922 01:54:02,520 ~-~-> 01:54:04,860
9923 it's this whole window right here of
9924
9925 2482
9926 01:54:04,860 ~-~-> 01:54:08,730
9927 time. Inside this block of time is where
9928
9929 2483
9930 01:54:08,730 ~-~-> 01:54:11,280
9931 the scenario of a trade should form.
9932
9933 2484
9934 01:54:11,700 ~-~-> 01:54:15,960
9935 Okay? And the same thing goes for the
9936
9937 2485
9938 01:54:16,680 ~-~-> 01:54:21,090
9939 London open inside this area or small
9940
9941 2486
9942 01:54:21,090 ~-~-> 01:54:23,550
9943 little pocket of time in price. That's
9944
9945 2487
9946 01:54:23,550 ~-~-> 01:54:24,930
9947 what the scenario is going to unfold for
9948
9949 2488
9950 01:54:24,930 ~-~-> 01:54:27,300
9951 you to take a trade. Okay? So it allows
9952
9953 2489
9954 01:54:27,300 ~-~-> 01:54:29,940
9955 you to really hone in like a scope on a
9956
9957 2490
9958 01:54:29,940 ~-~-> 01:54:33,120
9959 rifle like a sniper. Does zero in on
9960
9961 2491
9962 01:54:33,120 ~-~-> 01:54:35,700
9963 where you should be sitting down in
9964
9965 2492
9966 01:54:35,700 ~-~-> 01:54:37,470
9967 front of your computer. Okay, if you're
9968
9969 2493
9970 01:54:37,470 ~-~-> 01:54:39,540
9971 a London open, or London trader, this is
9972
9973 2494
9974 01:54:39,540 ~-~-> 01:54:41,910
9975 where you do your business. Okay, if you
9976
9977 2495
9978 01:54:41,910 ~-~-> 01:54:43,650
9979 are a London trader and don't trade down
9980
9981 2496
9982 01:54:43,650 ~-~-> 01:54:44,730
9983 in New York question, you're cheating
9984
9985 2497
9986 01:54:44,730 ~-~-> 01:54:46,110
9987 yourself because there's a lot of times
9988
9989 2498
9990 01:54:46,470 ~-~-> 01:54:49,440
9991 the setups that you may have missed
9992
9993 2499
9994 01:54:49,440 ~-~-> 01:54:51,090
9995 being incorrect or just miss all
9996
9997 2500
9998 01:54:51,090 ~-~-> 01:54:53,040
9999 together will give you a an opportunity
10000
10001 2501
10002 01:54:53,040 ~-~-> 01:54:55,200
10003 to get in sync with that move. darned in
10004
10005 2502
10006 01:54:55,200 ~-~-> 01:54:58,680
10007 New York session. My My best advice as a
10008
10009 2503
10010 01:54:58,680 ~-~-> 01:55:00,570
10011 mentor would be to really try Learn that
10012
10013 2504
10014 01:55:00,570 ~-~-> 01:55:04,560
10015 New York session. It's very comfortable
10016
10017 2505
10018 01:55:04,560 ~-~-> 01:55:06,600
10019 traded as in North American trader,
10020
10021 2506
10022 01:55:07,860 ~-~-> 01:55:10,800
10023 unless you're on the west coast, and if
10024
10025 2507
10026 01:55:10,800 ~-~-> 01:55:12,420
10027 you're out there on the west coast, you
10028
10029 2508
10030 01:55:12,420 ~-~-> 01:55:13,590
10031 know, that's just something that's gonna
10032
10033 2509
10034 01:55:13,860 ~-~-> 01:55:16,440
10035 have to suck up because there's nothing
10036
10037 2510
10038 01:55:16,440 ~-~-> 01:55:18,390
10039 more about it than I can say that you
10040
10041 2511
10042 01:55:18,420 ~-~-> 01:55:20,250
10043 guys got generally very favorable
10044
10045 2512
10046 01:55:20,250 ~-~-> 01:55:23,340
10047 weather. So this is the thing you got to
10048
10049 2513
10050 01:55:23,340 ~-~-> 01:55:26,790
10051 trade in for it. And so, anyway, the New
10052
10053 2514
10054 01:55:26,790 ~-~-> 01:55:28,380
10055 York session, obviously, to me, I think
10056
10057 2515
10058 01:55:28,380 ~-~-> 01:55:30,090
10059 is the easiest one to learn. It's the
10060
10061 2516
10062 01:55:30,090 ~-~-> 01:55:32,430
10063 most forgiving because it gives you the
10064
10065 2517
10066 01:55:32,430 ~-~-> 01:55:35,760
10067 London session behind you, as a, you
10068
10069 2518
10070 01:55:35,760 ~-~-> 01:55:37,380
10071 know, a catalyst just to frame your
10072
10073 2519
10074 01:55:37,380 ~-~-> 01:55:39,120
10075 trade off. So if you have a higher time
10076
10077 2520
10078 01:55:39,120 ~-~-> 01:55:40,800
10079 frame support and resistance level,
10080
10081 2521
10082 01:55:41,010 ~-~-> 01:55:43,410
10083 noted a directional premise in mind, and
10084
10085 2522
10086 01:55:43,410 ~-~-> 01:55:44,910
10087 then you have, you know, the London
10088
10089 2523
10090 01:55:44,910 ~-~-> 01:55:47,130
10091 session, can you in that same direction
10092
10093 2524
10094 01:55:47,130 ~-~-> 01:55:48,960
10095 mean you have a loaded deal, as you have
10096
10097 2525
10098 01:55:48,960 ~-~-> 01:55:51,180
10099 here in this example on the fourth of
10100
10101 2526
10102 01:55:51,180 ~-~-> 01:55:51,810
10103 September
10104
10105 2527
10106 01:55:55,500 ~-~-> 01:55:56,070
10107 the
10108
10109 2528
10110 01:55:58,770 ~-~-> 01:56:00,000
10111 let's take all this stuff off, actually.
10112
10113 2529
10114 01:56:01,650 ~-~-> 01:56:04,230
10115 If you have
10116
10117 2530
10118 01:56:06,240 ~-~-> 01:56:07,470
10119 any doubts that
10120
10121 2531
10122 01:56:09,240 ~-~-> 01:56:10,050
10123 there is
10124
10125 2532
10126 01:56:11,610 ~-~-> 01:56:12,240
10127 some
10128
10129 2533
10130 01:56:13,140 ~-~-> 01:56:16,560
10131 significance behind these particular
10132
10133 2534
10134 01:56:16,560 ~-~-> 01:56:18,810
10135 windows of time, it's going to be your
10136
10137 2535
10138 01:56:18,810 ~-~-> 01:56:23,040
10139 homework to actually go through the next
10140
10141 2536
10142 01:56:23,040 ~-~-> 01:56:26,640
10143 week, okay, and have those time windows
10144
10145 2537
10146 01:56:26,640 ~-~-> 01:56:31,110
10147 bracketed out. Again, for the New York
10148
10149 2538
10150 01:56:31,110 ~-~-> 01:56:35,280
10151 session, it's going to be 12 GMT to 1500
10152
10153 2539
10154 01:56:35,280 ~-~-> 01:56:40,920
10155 GMT. And six GMT, the 10 GMT for the
10156
10157 2540
10158 01:56:40,950 ~-~-> 01:56:43,440
10159 London open kill zone. And for those who
10160
10161 2541
10162 01:56:43,440 ~-~-> 01:56:44,310
10163 have been following me for a while if
10164
10165 2542
10166 01:56:44,310 ~-~-> 01:56:45,360
10167 you've noticed there's a slight
10168
10169 2543
10170 01:56:45,360 ~-~-> 01:56:47,430
10171 difference in those windows. I just did
10172
10173 2544
10174 01:56:47,430 ~-~-> 01:56:48,990
10175 it for this teaching series because
10176
10177 2545
10178 01:56:48,990 ~-~-> 01:56:51,210
10179 there's a lot of members of FX gears
10180
10181 2546
10182 01:56:51,210 ~-~-> 01:56:53,370
10183 it's not familiar with my stuff. And I'm
10184
10185 2547
10186 01:56:53,370 ~-~-> 01:56:55,110
10187 not going to be populating their website
10188
10189 2548
10190 01:56:55,110 ~-~-> 01:56:57,000
10191 with all of my videos so I just more or
10192
10193 2549
10194 01:56:57,000 ~-~-> 01:56:59,970
10195 less made it user friendly. So that way
10196
10197 2550
10198 01:57:00,000 ~-~-> 01:57:02,190
10199 guys can have generic time windows to
10200
10201 2551
10202 01:57:02,190 ~-~-> 01:57:04,770
10203 work with and they'll be very friendly
10204
10205 2552
10206 01:57:04,770 ~-~-> 01:57:06,210
10207 to you, there's nothing going to be
10208
10209 2553
10210 01:57:06,480 ~-~-> 01:57:08,250
10211 missed outside of those windows of time.
10212
10213 2554
10214 01:57:09,000 ~-~-> 01:57:12,360
10215 But if you do this for a week, okay, my
10216
10217 2555
10218 01:57:12,480 ~-~-> 01:57:14,610
10219 advice is to see what happens during
10220
10221 2556
10222 01:57:14,610 ~-~-> 01:57:18,750
10223 these windows of time. Okay? And when
10224
10225 2557
10226 01:57:18,750 ~-~-> 01:57:22,320
10227 there is high level, higher timeframe,
10228
10229 2558
10230 01:57:22,680 ~-~-> 01:57:25,260
10231 reaction level around the same pockets
10232
10233 2559
10234 01:57:25,260 ~-~-> 01:57:27,450
10235 of opportunity in terms of time kills
10236
10237 2560
10238 01:57:27,450 ~-~-> 01:57:29,520
10239 ends, and then you'll see a confluence
10240
10241 2561
10242 01:57:29,550 ~-~-> 01:57:32,730
10243 of events unfolding that if you miss it,
10244
10245 2562
10246 01:57:32,730 ~-~-> 01:57:34,170
10247 we'll find out more about it in the
10248
10249 2563
10250 01:57:34,170 ~-~-> 01:57:35,250
10251 fourth installment because we're going
10252
10253 2564
10254 01:57:35,250 ~-~-> 01:57:37,260
10255 to go over the examples. But really, I
10256
10257 2565
10258 01:57:37,260 ~-~-> 01:57:40,560
10259 want you to see what you think may
10260
10261 2566
10262 01:57:40,560 ~-~-> 01:57:42,210
10263 happen based on everything we've covered
10264
10265 2567
10266 01:57:42,210 ~-~-> 01:57:45,120
10267 so far. It's not a test, okay? It's just
10268
10269 2568
10270 01:57:45,150 ~-~-> 01:57:47,310
10271 a learning opportunity for you to
10272
10273 2569
10274 01:57:47,310 ~-~-> 01:57:49,770
10275 familiarize yourself with price action.
10276
10277 2570
10278 01:57:58,050 ~-~-> 01:58:01,320
10279 Okay, we are looking at the ICT market
10280
10281 2571
10282 01:58:01,320 ~-~-> 01:58:07,200
10283 maker by model, okay? This very crude
10284
10285 2572
10286 01:58:07,290 ~-~-> 01:58:12,210
10287 depiction of how markets move on a
10288
10289 2573
10290 01:58:12,240 ~-~-> 01:58:14,970
10291 fractal basis, okay. Generally what
10292
10293 2574
10294 01:58:14,970 ~-~-> 01:58:16,800
10295 you'll see is the market will open
10296
10297 2575
10298 01:58:17,970 ~-~-> 01:58:21,360
10299 inside of a consolidation trading range
10300
10301 2576
10302 01:58:21,960 ~-~-> 01:58:25,740
10303 and not open but don't enter a trading
10304
10305 2577
10306 01:58:25,740 ~-~-> 01:58:30,060
10307 range environment. Now this by model is
10308
10309 2578
10310 01:58:30,060 ~-~-> 01:58:31,560
10311 really universal, it could be applied to
10312
10313 2579
10314 01:58:31,560 ~-~-> 01:58:33,210
10315 any timeframe but we're going to be
10316
10317 2580
10318 01:58:33,210 ~-~-> 01:58:37,560
10319 basically looking at it on the four
10320
10321 2581
10322 01:58:37,560 ~-~-> 01:58:41,670
10323 hour, one hour 15 and five minute basis,
10324
10325 2582
10326 01:58:41,820 ~-~-> 01:58:44,790
10327 okay. And what will happen is, is the
10328
10329 2583
10330 01:58:44,790 ~-~-> 01:58:45,600
10331 market will move out of that
10332
10333 2584
10334 01:58:45,600 ~-~-> 01:58:48,060
10335 consolidation, trade out of it and then
10336
10337 2585
10338 01:58:48,060 ~-~-> 01:58:50,070
10339 come back and many times retest that
10340
10341 2586
10342 01:58:50,070 ~-~-> 01:58:52,800
10343 first consolidation. Okay, so if you
10344
10345 2587
10346 01:58:52,800 ~-~-> 01:58:55,350
10347 miss the accumulation portion of the
10348
10349 2588
10350 01:58:55,380 ~-~-> 01:58:59,130
10351 first wave down, you can get back
10352
10353 2589
10354 01:58:59,640 ~-~-> 01:59:01,110
10355 instantly With it by waiting for this
10356
10357 2590
10358 01:59:01,110 ~-~-> 01:59:04,770
10359 retracement up, okay? And this just
10360
10361 2591
10362 01:59:04,770 ~-~-> 01:59:07,980
10363 swings aren't generally in this example,
10364
10365 2592
10366 01:59:08,970 ~-~-> 01:59:10,860
10367 aren't really uniform. In other words,
10368
10369 2593
10370 01:59:10,860 ~-~-> 01:59:12,330
10371 this could come up a little bit higher
10372
10373 2594
10374 01:59:12,330 ~-~-> 01:59:14,910
10375 into the range from this high here to
10376
10377 2595
10378 01:59:14,910 ~-~-> 01:59:17,460
10379 this low and give you some kind of a 62
10380
10381 2596
10382 01:59:17,460 ~-~-> 01:59:20,970
10383 to 77 tradesmen level not necessary. But
10384
10385 2597
10386 01:59:21,360 ~-~-> 01:59:22,860
10387 there's other factors that you could
10388
10389 2598
10390 01:59:22,860 ~-~-> 01:59:25,140
10391 hunt in here to set up a scenario to
10392
10393 2599
10394 01:59:25,140 ~-~-> 01:59:28,230
10395 sell short if you want to participate in
10396
10397 2600
10398 01:59:28,230 ~-~-> 01:59:31,950
10399 the first leg going lower. Once price
10400
10401 2601
10402 01:59:31,950 ~-~-> 01:59:34,680
10403 comes down into a resistance level or
10404
10405 2602
10406 01:59:34,680 ~-~-> 01:59:37,650
10407 support level, you have an inversion
10408
10409 2603
10410 01:59:37,650 ~-~-> 01:59:40,140
10411 level where maybe this level was
10412
10413 2604
10414 01:59:40,140 ~-~-> 01:59:42,300
10415 possibly an old level of resistance and
10416
10417 2605
10418 01:59:42,420 ~-~-> 01:59:44,490
10419 my market broke through came back down
10420
10421 2606
10422 01:59:44,490 ~-~-> 01:59:46,860
10423 down to testing and support. Basically
10424
10425 2607
10426 01:59:46,890 ~-~-> 01:59:49,020
10427 when price comes down to a clear level
10428
10429 2608
10430 01:59:49,080 ~-~-> 01:59:53,730
10431 of support rather, we could expect the
10432
10433 2609
10434 01:59:53,730 ~-~-> 01:59:55,380
10435 market to turn around now doesn't mean
10436
10437 2610
10438 01:59:55,410 ~-~-> 01:59:56,910
10439 we did go in here start buying it up.
10440
10441 2611
10442 01:59:56,940 ~-~-> 02:00:00,000
10443 You can but I don't generally teach them
10444
10445 2612
10446 02:00:00,000 ~-~-> 02:00:02,910
10447 That as a means of doing it. After some
10448
10449 2613
10450 02:00:02,910 ~-~-> 02:00:05,850
10451 years of training and trading real time
10452
10453 2614
10454 02:00:05,880 ~-~-> 02:00:07,950
10455 once you get some experience under your
10456
10457 2615
10458 02:00:07,950 ~-~-> 02:00:09,240
10459 belt, you may be able to take trades
10460
10461 2616
10462 02:00:09,240 ~-~-> 02:00:10,470
10463 like that. But that's not what I'm
10464
10465 2617
10466 02:00:10,920 ~-~-> 02:00:13,380
10467 illustrating in these videos, I want you
10468
10469 2618
10470 02:00:13,380 ~-~-> 02:00:15,570
10471 to wait for some confirmation.
10472
10473 2619
10474 02:00:16,200 ~-~-> 02:00:17,610
10475 Confirmation comes in the form of a
10476
10477 2620
10478 02:00:17,610 ~-~-> 02:00:20,580
10479 break in market structure. And it moves
10480
10481 2621
10482 02:00:20,580 ~-~-> 02:00:22,470
10483 higher and many times comes back and
10484
10485 2622
10486 02:00:22,470 ~-~-> 02:00:23,700
10487 gives you an opportunity to retest that
10488
10489 2623
10490 02:00:23,700 ~-~-> 02:00:25,530
10491 first consolidation in here after the
10492
10493 2624
10494 02:00:25,530 ~-~-> 02:00:27,420
10495 climax reversal pattern forms at
10496
10497 2625
10498 02:00:27,420 ~-~-> 02:00:30,570
10499 support. price will come up and rally
10500
10501 2626
10502 02:00:30,570 ~-~-> 02:00:31,800
10503 out of that again move into another
10504
10505 2627
10506 02:00:31,800 ~-~-> 02:00:34,500
10507 consolidation. Okay, and we could be
10508
10509 2628
10510 02:00:34,530 ~-~-> 02:00:36,060
10511 working off of the levels that was
10512
10513 2629
10514 02:00:36,060 ~-~-> 02:00:39,030
10515 formed over here. Okay, so whatever
10516
10517 2630
10518 02:00:39,030 ~-~-> 02:00:41,460
10519 timeframe this pattern forms in, okay,
10520
10521 2631
10522 02:00:41,460 ~-~-> 02:00:43,380
10523 you're gonna be utilizing again same
10524
10525 2632
10526 02:00:43,380 ~-~-> 02:00:45,480
10527 premise of key support resistance. This
10528
10529 2633
10530 02:00:45,480 ~-~-> 02:00:47,610
10531 will be another continuation pattern off
10532
10533 2634
10534 02:00:47,610 ~-~-> 02:00:49,770
10535 of what would be expected as a climax
10536
10537 2635
10538 02:00:49,770 ~-~-> 02:00:52,830
10539 reversal by setup down here, off of a
10540
10541 2636
10542 02:00:52,890 ~-~-> 02:00:57,090
10543 higher level timeframe key support. When
10544
10545 2637
10546 02:00:57,090 ~-~-> 02:00:59,550
10547 the secondary buy scenario happens here
10548
10549 2638
10550 02:00:59,550 ~-~-> 02:01:02,340
10551 or It just makes one. Okay, there's
10552
10553 2639
10554 02:01:02,340 ~-~-> 02:01:04,530
10555 that's why these two boxes are blue.
10556
10557 2640
10558 02:01:04,980 ~-~-> 02:01:08,790
10559 Generally, it can be one or two small
10560
10561 2641
10562 02:01:08,790 ~-~-> 02:01:10,500
10563 little pauses or consolidations and then
10564
10565 2642
10566 02:01:10,530 ~-~-> 02:01:13,380
10567 there's a explosive move up to take out
10568
10569 2643
10570 02:01:13,710 ~-~-> 02:01:16,200
10571 the highs above the first consolidation.
10572
10573 2644
10574 02:01:16,380 ~-~-> 02:01:19,620
10575 Okay? And the premise is this, the
10576
10577 2645
10578 02:01:19,650 ~-~-> 02:01:22,140
10579 market makers start building up orders
10580
10581 2646
10582 02:01:22,140 ~-~-> 02:01:23,760
10583 in here, okay, and the whole price
10584
10585 2647
10586 02:01:23,760 ~-~-> 02:01:26,190
10587 within a clearly defined range. There's
10588
10589 2648
10590 02:01:26,190 ~-~-> 02:01:27,720
10591 not enough buyers that keep it higher
10592
10593 2649
10594 02:01:27,810 ~-~-> 02:01:29,700
10595 and there's not enough sellers to take
10596
10597 2650
10598 02:01:29,700 ~-~-> 02:01:32,190
10599 it lower. So what'll happen is is market
10600
10601 2651
10602 02:01:32,190 ~-~-> 02:01:33,600
10603 makers keep it in a tight range, so
10604
10605 2652
10606 02:01:33,600 ~-~-> 02:01:36,150
10607 accumulate positions, okay. Now, what
10608
10609 2653
10610 02:01:36,150 ~-~-> 02:01:38,850
10611 they want is to hold the market in a
10612
10613 2654
10614 02:01:38,850 ~-~-> 02:01:39,780
10615 holding pattern
10616
10617 2655
10618 02:01:41,100 ~-~-> 02:01:44,940
10619 to establish a premise for them to take
10620
10621 2656
10622 02:01:44,940 ~-~-> 02:01:47,790
10623 the market the other way. Same thing can
10624
10625 2657
10626 02:01:47,790 ~-~-> 02:01:49,770
10627 be seen here just in reverse on a market
10628
10629 2658
10630 02:01:49,770 ~-~-> 02:01:51,930
10631 maker sell model. We have a
10632
10633 2659
10634 02:01:51,930 ~-~-> 02:01:55,800
10635 consolidation and The move comes out of
10636
10637 2660
10638 02:01:55,800 ~-~-> 02:01:58,050
10639 the consolidation and the highs of that
10640
10641 2661
10642 02:01:58,080 ~-~-> 02:01:59,970
10643 consolidation are usually reached.
10644
10645 2662
10646 02:02:00,000 ~-~-> 02:02:02,610
10647 tested. Now, again, that doesn't always
10648
10649 2663
10650 02:02:02,610 ~-~-> 02:02:04,650
10651 have to happen like that, but we expect
10652
10653 2664
10654 02:02:04,650 ~-~-> 02:02:06,360
10655 it to happen. If it doesn't come back
10656
10657 2665
10658 02:02:06,360 ~-~-> 02:02:08,160
10659 down at least many times, it'll give you
10660
10661 2666
10662 02:02:08,160 ~-~-> 02:02:10,290
10663 some kind of a small little pause in
10664
10665 2667
10666 02:02:10,290 ~-~-> 02:02:12,210
10667 here or maybe a bull flag formation type
10668
10669 2668
10670 02:02:12,210 ~-~-> 02:02:14,430
10671 thing. And then it will rally up into a
10672
10673 2669
10674 02:02:14,430 ~-~-> 02:02:17,490
10675 clearly defined resistance level. inside
10676
10677 2670
10678 02:02:17,490 ~-~-> 02:02:18,870
10679 of that resistance level, there will be
10680
10681 2671
10682 02:02:18,870 ~-~-> 02:02:22,050
10683 a climax reversal pattern. Okay? Many
10684
10685 2672
10686 02:02:22,050 ~-~-> 02:02:24,780
10687 times you'll see, okay, here's a little
10688
10689 2673
10690 02:02:24,840 ~-~-> 02:02:27,180
10691 notepad moment for you. If you want to
10692
10693 2674
10694 02:02:27,180 ~-~-> 02:02:29,430
10695 see when indicators work, like they do
10696
10697 2675
10698 02:02:29,430 ~-~-> 02:02:31,590
10699 in the textbooks, okay, if you see this
10700
10701 2676
10702 02:02:31,590 ~-~-> 02:02:33,990
10703 pattern here, unfolding like this and
10704
10705 2677
10706 02:02:33,990 ~-~-> 02:02:36,330
10707 trades up into a resistance level, many
10708
10709 2678
10710 02:02:36,330 ~-~-> 02:02:38,100
10711 times you're going to see your standard
10712
10713 2679
10714 02:02:38,130 ~-~-> 02:02:41,430
10715 divergence of the MACD your stochastics
10716
10717 2680
10718 02:02:41,460 ~-~-> 02:02:45,330
10719 or RSI, your CCI, you know, spaghetti,
10720
10721 2681
10722 02:02:45,570 ~-~-> 02:02:47,670
10723 whatever it is you use for your
10724
10725 2682
10726 02:02:47,670 ~-~-> 02:02:50,310
10727 indicators. If it causes a divergence
10728
10729 2683
10730 02:02:50,310 ~-~-> 02:02:52,200
10731 for a buy or sell signal, you're going
10732
10733 2684
10734 02:02:52,200 ~-~-> 02:02:55,110
10735 to see it form here. Okay, and because
10736
10737 2685
10738 02:02:55,110 ~-~-> 02:02:57,030
10739 think about if this if these indicators
10740
10741 2686
10742 02:02:57,690 ~-~-> 02:03:00,000
10743 didn't call major moves would never
10744
10745 2687
10746 02:03:00,000 ~-~-> 02:03:01,710
10747 We're paying attention to them. And the
10748
10749 2688
10750 02:03:01,710 ~-~-> 02:03:03,090
10751 only reason why we pay attention to them
10752
10753 2689
10754 02:03:03,330 ~-~-> 02:03:04,740
10755 is because they work on the left side of
10756
10757 2690
10758 02:03:04,740 ~-~-> 02:03:07,740
10759 the chart. We can see it did it the last
10760
10761 2691
10762 02:03:07,740 ~-~-> 02:03:09,180
10763 time, right? So it's going to do it
10764
10765 2692
10766 02:03:09,180 ~-~-> 02:03:11,700
10767 again. But nobody understands the
10768
10769 2693
10770 02:03:12,330 ~-~-> 02:03:15,270
10771 reasons behind why diverged, okay, and
10772
10773 2694
10774 02:03:15,270 ~-~-> 02:03:17,490
10775 it's based on the higher timeframe
10776
10777 2695
10778 02:03:17,550 ~-~-> 02:03:19,410
10779 resistance level, and the fact that the
10780
10781 2696
10782 02:03:19,470 ~-~-> 02:03:21,960
10783 dealers, market makers are taking price
10784
10785 2697
10786 02:03:21,960 ~-~-> 02:03:24,270
10787 up there in a stab that price level over
10788
10789 2698
10790 02:03:24,270 ~-~-> 02:03:26,790
10791 and over and over again, to distribute
10792
10793 2699
10794 02:03:27,060 ~-~-> 02:03:29,160
10795 the orders that were accumulated here.
10796
10797 2700
10798 02:03:29,730 ~-~-> 02:03:31,710
10799 Okay, so they're buying it all up in
10800
10801 2701
10802 02:03:31,710 ~-~-> 02:03:33,630
10803 here. Okay, they're distributing a
10804
10805 2702
10806 02:03:33,630 ~-~-> 02:03:35,700
10807 little bit here. They're distributing a
10808
10809 2703
10810 02:03:35,700 ~-~-> 02:03:37,590
10811 whole lot of it here to dumping it.
10812
10813 2704
10814 02:03:37,950 ~-~-> 02:03:39,270
10815 Okay. And then when the market pulls
10816
10817 2705
10818 02:03:39,270 ~-~-> 02:03:41,970
10819 back, a lot of traders view this area as
10820
10821 2706
10822 02:03:42,090 ~-~-> 02:03:43,650
10823 another continuation pattern much in the
10824
10825 2707
10826 02:03:43,650 ~-~-> 02:03:45,630
10827 same way it does here. Okay, well, maybe
10828
10829 2708
10830 02:03:45,630 ~-~-> 02:03:48,000
10831 this is a bull flag, okay. And what
10832
10833 2709
10834 02:03:48,000 ~-~-> 02:03:49,170
10835 they'll do is they'll buy it with the
10836
10837 2710
10838 02:03:49,170 ~-~-> 02:03:50,550
10839 expectation is going to continue moving
10840
10841 2711
10842 02:03:50,550 ~-~-> 02:03:52,530
10843 on higher. What will happen is they'll
10844
10845 2712
10846 02:03:52,530 ~-~-> 02:03:54,810
10847 have buy orders, you know, in the small
10848
10849 2713
10850 02:03:54,810 ~-~-> 02:03:56,550
10851 little areas of dealing ranges that
10852
10853 2714
10854 02:03:56,550 ~-~-> 02:03:58,620
10855 we're going to discuss later on. And
10856
10857 2715
10858 02:03:58,650 ~-~-> 02:04:00,000
10859 what will happen is they'll pair orders
10860
10861 2716
10862 02:04:00,000 ~-~-> 02:04:04,050
10863 up and stack up all kinds of shorting
10864
10865 2717
10866 02:04:04,590 ~-~-> 02:04:06,540
10867 opportunities, and they'll distribute
10868
10869 2718
10870 02:04:06,540 ~-~-> 02:04:08,280
10871 the market very heavily, and will happen
10872
10873 2719
10874 02:04:08,280 ~-~-> 02:04:10,860
10875 is once they get a block of trades on
10876
10877 2720
10878 02:04:10,860 ~-~-> 02:04:12,300
10879 the other side of their position,
10880
10881 2721
10882 02:04:12,330 ~-~-> 02:04:15,480
10883 essentially, they will do a real quick
10884
10885 2722
10886 02:04:15,480 ~-~-> 02:04:18,180
10887 repricing and it'll trap traders and
10888
10889 2723
10890 02:04:18,180 ~-~-> 02:04:19,230
10891 what will happen is, is that you've,
10892
10893 2724
10894 02:04:19,260 ~-~-> 02:04:20,520
10895 you've done this before, you know
10896
10897 2725
10898 02:04:20,520 ~-~-> 02:04:21,600
10899 exactly what I'm talking about even
10900
10901 2726
10902 02:04:21,600 ~-~-> 02:04:24,810
10903 those guys in demos. You put a trade on,
10904
10905 2727
10906 02:04:25,290 ~-~-> 02:04:26,670
10907 okay, maybe you bought it up in here or
10908
10909 2728
10910 02:04:26,670 ~-~-> 02:04:28,560
10911 something like that. Okay. And the
10912
10913 2729
10914 02:04:28,560 ~-~-> 02:04:30,570
10915 market drops down hard, okay. And you're
10916
10917 2730
10918 02:04:30,570 ~-~-> 02:04:32,010
10919 thinking, Okay, well, maybe it's just
10920
10921 2731
10922 02:04:32,160 ~-~-> 02:04:33,480
10923 gonna come down here and retest some
10924
10925 2732
10926 02:04:34,080 ~-~-> 02:04:36,480
10927 resistance, turn support, and then
10928
10929 2733
10930 02:04:36,480 ~-~-> 02:04:38,580
10931 resume. Can you start seeing this little
10932
10933 2734
10934 02:04:38,910 ~-~-> 02:04:40,590
10935 pop up here and you get excited? Okay,
10936
10937 2735
10938 02:04:40,590 ~-~-> 02:04:41,760
10939 I'm getting to go back to break even.
10940
10941 2736
10942 02:04:42,480 ~-~-> 02:04:44,760
10943 But the dealers know that. Okay, the
10944
10945 2737
10946 02:04:44,760 ~-~-> 02:04:46,620
10947 market makers already have these folks
10948
10949 2738
10950 02:04:46,620 ~-~-> 02:04:48,450
10951 trapped, and if you went on there and
10952
10953 2739
10954 02:04:48,450 ~-~-> 02:04:50,100
10955 you bought your trap just like they are,
10956
10957 2740
10958 02:04:50,550 ~-~-> 02:04:51,510
10959 they don't want to give you an
10960
10961 2741
10962 02:04:51,510 ~-~-> 02:04:53,340
10963 opportunity to get out of that trade.
10964
10965 2742
10966 02:04:53,490 ~-~-> 02:04:55,590
10967 Okay? They're going to keep you on a
10968
10969 2743
10970 02:04:55,590 ~-~-> 02:04:57,930
10971 negative float. Okay, you're going to be
10972
10973 2744
10974 02:04:57,930 ~-~-> 02:05:00,930
10975 below the dealership. Right. Okay and
10976
10977 2745
10978 02:05:00,930 ~-~-> 02:05:03,570
10979 maybe even pips you in negative beyond
10980
10981 2746
10982 02:05:03,570 ~-~-> 02:05:05,460
10983 that. Okay. And what will happen is
10984
10985 2747
10986 02:05:05,460 ~-~-> 02:05:06,870
10987 they'll do another repricing and now
10988
10989 2748
10990 02:05:06,870 ~-~-> 02:05:07,830
10991 here's what you're going to do is okay,
10992
10993 2749
10994 02:05:07,830 ~-~-> 02:05:09,180
10995 well, we're just retesting this whole
10996
10997 2750
10998 02:05:09,180 ~-~-> 02:05:11,310
10999 area in here again, and we're gonna find
11000
11001 2751
11002 02:05:11,310 ~-~-> 02:05:12,840
11003 some support, but it blows through it.
11004
11005 2752
11006 02:05:13,380 ~-~-> 02:05:16,350
11007 Okay. The dealers will go into another
11008
11009 2753
11010 02:05:16,350 ~-~-> 02:05:17,880
11011 consolidation thinking, Okay, well, I
11012
11013 2754
11014 02:05:17,880 ~-~-> 02:05:19,680
11015 know what this is. This is one of those
11016
11017 2755
11018 02:05:19,680 ~-~-> 02:05:21,360
11019 retracements where from the low up to
11020
11021 2756
11022 02:05:21,360 ~-~-> 02:05:23,580
11023 this high, we got one of those ICT
11024
11025 2757
11026 02:05:23,580 ~-~-> 02:05:27,480
11027 optimal trade entries. Nope, not here.
11028
11029 2758
11030 02:05:27,600 ~-~-> 02:05:28,980
11031 What will happen is, is there though,
11032
11033 2759
11034 02:05:29,040 ~-~-> 02:05:30,750
11035 one more time, they'll run it got lower,
11036
11037 2760
11038 02:05:30,750 ~-~-> 02:05:31,950
11039 and they'll take out the stops that are
11040
11041 2761
11042 02:05:31,950 ~-~-> 02:05:33,900
11043 placed on the folks that were right,
11044
11045 2762
11046 02:05:33,930 ~-~-> 02:05:35,610
11047 that bought this rally here and just
11048
11049 2763
11050 02:05:35,610 ~-~-> 02:05:37,980
11051 held on for too long. Okay, so there is
11052
11053 2764
11054 02:05:37,980 ~-~-> 02:05:40,560
11055 an accumulation, some distribution here
11056
11057 2765
11058 02:05:40,560 ~-~-> 02:05:44,100
11059 or re cumulation for new Long's. Okay,
11060
11061 2766
11062 02:05:44,100 ~-~-> 02:05:45,060
11063 and then when they get up here, they
11064
11065 2767
11066 02:05:45,060 ~-~-> 02:05:47,310
11067 distribute all of this in here, but they
11068
11069 2768
11070 02:05:47,310 ~-~-> 02:05:48,990
11071 do it very quickly. That's why when you
11072
11073 2769
11074 02:05:48,990 ~-~-> 02:05:50,940
11075 get up to these levels, price doesn't
11076
11077 2770
11078 02:05:50,940 ~-~-> 02:05:52,740
11079 stay up there very long. Why? Because
11080
11081 2771
11082 02:05:52,740 ~-~-> 02:05:54,780
11083 they're doing a massive distribution.
11084
11085 2772
11086 02:05:55,260 ~-~-> 02:05:56,940
11087 And you see the price really drop off
11088
11089 2773
11090 02:05:56,940 ~-~-> 02:05:59,010
11091 fast, but when it drops off, it'll do
11092
11093 2774
11094 02:05:59,040 ~-~-> 02:06:00,600
11095 give you a little bit of consulting One
11096
11097 2775
11098 02:06:00,600 ~-~-> 02:06:02,100
11099 more rally up when it gets on the other
11100
11101 2776
11102 02:06:02,100 ~-~-> 02:06:05,100
11103 side of that, that zenith of this price
11104
11105 2777
11106 02:06:05,100 ~-~-> 02:06:08,070
11107 move. When we get to this start rallying
11108
11109 2778
11110 02:06:08,070 ~-~-> 02:06:09,930
11111 up, this is where you start selling,
11112
11113 2779
11114 02:06:10,050 ~-~-> 02:06:11,670
11115 okay? And when you can identify this
11116
11117 2780
11118 02:06:11,670 ~-~-> 02:06:13,650
11119 pattern, it makes your trading a whole
11120
11121 2781
11122 02:06:13,650 ~-~-> 02:06:15,120
11123 lot easier because you understand what
11124
11125 2782
11126 02:06:15,120 ~-~-> 02:06:16,650
11127 they're doing and where they're taking
11128
11129 2783
11130 02:06:16,650 ~-~-> 02:06:17,130
11131 price.
11132
11133 2784
11134 02:06:25,470 ~-~-> 02:06:27,630
11135 Okay, guys, we got some key levels here
11136
11137 2785
11138 02:06:27,630 ~-~-> 02:06:30,240
11139 noted on our timeframe of a daily chart.
11140
11141 2786
11142 02:06:30,930 ~-~-> 02:06:32,580
11143 And we're gonna give some examples of
11144
11145 2787
11146 02:06:32,610 ~-~-> 02:06:34,200
11147 what is a market maker profile. I'm
11148
11149 2788
11150 02:06:34,200 ~-~-> 02:06:36,540
11151 gonna give you a by example, and some
11152
11153 2789
11154 02:06:36,570 ~-~-> 02:06:40,440
11155 sell examples. And we utilize them as
11156
11157 2790
11158 02:06:40,440 ~-~-> 02:06:42,540
11159 obviously you have a higher time frame
11160
11161 2791
11162 02:06:42,720 ~-~-> 02:06:44,100
11163 support resistance level, but they can
11164
11165 2792
11166 02:06:44,100 ~-~-> 02:06:46,530
11167 occur on any timeframe, but the more apt
11168
11169 2793
11170 02:06:46,530 ~-~-> 02:06:50,040
11171 to occur on a daily four hour and or
11172
11173 2794
11174 02:06:50,100 ~-~-> 02:06:53,310
11175 hourly timeframe. And then if you have a
11176
11177 2795
11178 02:06:53,400 ~-~-> 02:06:54,810
11179 understanding of what their directional
11180
11181 2796
11182 02:06:54,810 ~-~-> 02:06:57,180
11183 premises want to lower timeframes, you
11184
11185 2797
11186 02:06:57,180 ~-~-> 02:07:00,330
11187 can use them on one 515 minutes. 30
11188
11189 2798
11190 02:07:00,330 ~-~-> 02:07:02,940
11191 minutes and hourly charts and such. But
11192
11193 2799
11194 02:07:02,970 ~-~-> 02:07:04,080
11195 for now, we're just going to give you
11196
11197 2800
11198 02:07:04,080 ~-~-> 02:07:06,420
11199 examples on firing off of a daily
11200
11201 2801
11202 02:07:06,420 ~-~-> 02:07:10,830
11203 timeframe. See price trades down into
11204
11205 2802
11206 02:07:10,830 ~-~-> 02:07:13,560
11207 this level here is old support. And all
11208
11209 2803
11210 02:07:13,560 ~-~-> 02:07:16,590
11211 we did was round it to a 127 60 level,
11212
11213 2804
11214 02:07:16,620 ~-~-> 02:07:18,330
11215 we just calibrated the level to a round
11216
11217 2805
11218 02:07:18,360 ~-~-> 02:07:20,820
11219 number. We're gonna look at this area
11220
11221 2806
11222 02:07:20,820 ~-~-> 02:07:23,880
11223 here for a buying market profile for
11224
11225 2807
11226 02:07:23,910 ~-~-> 02:07:26,340
11227 market maker profile. And then we have
11228
11229 2808
11230 02:07:26,340 ~-~-> 02:07:28,650
11231 one in here trading into this resistance
11232
11233 2809
11234 02:07:28,650 ~-~-> 02:07:31,140
11235 level. Okay, and then we're going to go
11236
11237 2810
11238 02:07:31,140 ~-~-> 02:07:34,260
11239 and look at the sell scenario. We call
11240
11241 2811
11242 02:07:34,260 ~-~-> 02:07:36,810
11243 it in the last video and how it was a
11244
11245 2812
11246 02:07:36,840 ~-~-> 02:07:39,900
11247 market maker sell model. Okay, so we're
11248
11249 2813
11250 02:07:39,900 ~-~-> 02:07:41,190
11251 going to do is we're going to look at
11252
11253 2814
11254 02:07:41,190 ~-~-> 02:07:44,970
11255 this particular day, and the actual
11256
11257 2815
11258 02:07:44,970 ~-~-> 02:07:52,290
11259 candle comes in at July 9 2013. And
11260
11261 2816
11262 02:07:52,290 ~-~-> 02:07:53,430
11263 we're going to start with an hourly
11264
11265 2817
11266 02:07:53,430 ~-~-> 02:07:58,020
11267 perspective on it. Okay, and all I did
11268
11269 2818
11270 02:07:58,020 ~-~-> 02:08:00,660
11271 was use this to highlight the time Okay
11272
11273 2819
11274 02:08:00,660 ~-~-> 02:08:01,380
11275 we have
11276
11277 2820
11278 02:08:07,830 ~-~-> 02:08:15,630
11279 okay marketing, consolidation okay we
11280
11281 2821
11282 02:08:15,630 ~-~-> 02:08:20,190
11283 have a consolidation here, market breaks
11284
11285 2822
11286 02:08:20,220 ~-~-> 02:08:22,140
11287 out of consolidation and retest that
11288
11289 2823
11290 02:08:22,140 ~-~-> 02:08:24,960
11291 same consolidation here trades lower
11292
11293 2824
11294 02:08:25,530 ~-~-> 02:08:27,840
11295 okay and there's a couple minor little
11296
11297 2825
11298 02:08:27,840 ~-~-> 02:08:30,030
11299 retracement to get in sync with that
11300
11301 2826
11302 02:08:30,030 ~-~-> 02:08:33,420
11303 move lower, making the actual low here
11304
11305 2827
11306 02:08:33,840 ~-~-> 02:08:36,540
11307 and then the false swing lower. This is
11308
11309 2828
11310 02:08:36,540 ~-~-> 02:08:40,590
11311 the actual high I'm sorry, the actual
11312
11313 2829
11314 02:08:40,590 ~-~-> 02:08:45,570
11315 low point of the market maker sell model
11316
11317 2830
11318 02:08:46,230 ~-~-> 02:08:48,960
11319 in here. Okay, and then price rallies
11320
11321 2831
11322 02:08:48,960 ~-~-> 02:08:53,310
11323 through, takes out this high here and
11324
11325 2832
11326 02:08:53,310 ~-~-> 02:08:55,890
11327 very little pausing it all in here just
11328
11329 2833
11330 02:08:55,890 ~-~-> 02:08:59,580
11331 explodes and where's it explode to above
11332
11333 2834
11334 02:08:59,610 ~-~-> 02:09:03,090
11335 the console? In here, okay. So again,
11336
11337 2835
11338 02:09:03,090 ~-~-> 02:09:06,390
11339 the same price model, here in this
11340
11341 2836
11342 02:09:06,390 ~-~-> 02:09:09,690
11343 fractal pattern is seen on a hourly
11344
11345 2837
11346 02:09:09,690 ~-~-> 02:09:13,680
11347 basis. You can see ultimately, it comes
11348
11349 2838
11350 02:09:13,680 ~-~-> 02:09:16,920
11351 back and trades even further. If we go
11352
11353 2839
11354 02:09:16,920 ~-~-> 02:09:20,580
11355 and look at a daily chart again and
11356
11357 2840
11358 02:09:20,580 ~-~-> 02:09:22,770
11359 we're going to look at this example here
11360
11361 2841
11362 02:09:23,250 ~-~-> 02:09:29,070
11363 for a sell. Okay, right in here, and I'm
11364
11365 2842
11366 02:09:29,070 ~-~-> 02:09:32,040
11367 going to zoom in so you can see this
11368
11369 2843
11370 02:09:32,040 ~-~-> 02:09:36,480
11371 candle right there. Okay, the levels of
11372
11373 2844
11374 02:09:36,510 ~-~-> 02:09:38,400
11375 key support resistance on a higher
11376
11377 2845
11378 02:09:38,400 ~-~-> 02:09:40,620
11379 timeframe would be noted in advance as
11380
11381 2846
11382 02:09:40,620 ~-~-> 02:09:42,180
11383 as price trades up into it, we would
11384
11385 2847
11386 02:09:42,180 ~-~-> 02:09:44,100
11387 expect to see market makers so model
11388
11389 2848
11390 02:09:44,100 ~-~-> 02:09:47,070
11391 unfold. And let's go down to a 15
11392
11393 2849
11394 02:09:47,070 ~-~-> 02:09:47,400
11395 minute.
11396
11397 2850
11398 02:09:53,460 ~-~-> 02:09:55,680
11399 Okay, you see that happening here and
11400
11401 2851
11402 02:09:55,680 ~-~-> 02:09:57,210
11403 let's actually go down to a five minute
11404
11405 2852
11406 02:09:58,110 ~-~-> 02:10:02,040
11407 see a little bit better. And just take
11408
11409 2853
11410 02:10:02,040 ~-~-> 02:10:03,600
11411 this rectangle off because it's no
11412
11413 2854
11414 02:10:03,600 ~-~-> 02:10:10,230
11415 longer needed. Okay, we have the
11416
11417 2855
11418 02:10:10,230 ~-~-> 02:10:15,030
11419 consolidation, move out of the
11420
11421 2856
11422 02:10:15,030 ~-~-> 02:10:17,160
11423 consolidation and then retest. Now this
11424
11425 2857
11426 02:10:17,160 ~-~-> 02:10:20,070
11427 part does not have to happen. Okay. But
11428
11429 2858
11430 02:10:20,070 ~-~-> 02:10:21,870
11431 generally you'll see it happen. And then
11432
11433 2859
11434 02:10:21,870 ~-~-> 02:10:24,030
11435 there's a continuation moving up, makes
11436
11437 2860
11438 02:10:24,030 ~-~-> 02:10:29,130
11439 the high or the capitulation portion of
11440
11441 2861
11442 02:10:29,130 ~-~-> 02:10:32,130
11443 the buy model. Now it turns to the sell
11444
11445 2862
11446 02:10:32,130 ~-~-> 02:10:35,190
11447 side of it. Okay, so we are now in a
11448
11449 2863
11450 02:10:35,190 ~-~-> 02:10:38,310
11451 market maker, sell model profile. And we
11452
11453 2864
11454 02:10:38,310 ~-~-> 02:10:40,440
11455 would expect to see this consolidation
11456
11457 2865
11458 02:10:40,470 ~-~-> 02:10:43,590
11459 ran out, as you see here, market moves
11460
11461 2866
11462 02:10:43,590 ~-~-> 02:10:45,510
11463 down, consolidation on here, another
11464
11465 2867
11466 02:10:45,510 ~-~-> 02:10:48,270
11467 break lower, where's it trade to below
11468
11469 2868
11470 02:10:48,720 ~-~-> 02:10:50,400
11471 the consolidation where cumulated
11472
11473 2869
11474 02:10:50,400 ~-~-> 02:10:54,240
11475 positions were taken on? And you can see
11476
11477 2870
11478 02:10:54,240 ~-~-> 02:10:56,970
11479 ultimately, that's the price model right
11480
11481 2871
11482 02:10:56,970 ~-~-> 02:10:59,970
11483 there. Okay, and it's go back out to it.
11484
11485 2872
11486 02:11:02,070 ~-~-> 02:11:05,760
11487 Okay, we're going to look at the 134 30
11488
11489 2873
11490 02:11:05,760 ~-~-> 02:11:08,520
11491 level. Okay, see this high here, the
11492
11493 2874
11494 02:11:08,520 ~-~-> 02:11:10,050
11495 lows in here and the bodies that have
11496
11497 2875
11498 02:11:10,050 ~-~-> 02:11:13,380
11499 candles as well. So we have 134 30 small
11500
11501 2876
11502 02:11:13,380 ~-~-> 02:11:16,110
11503 round number. It's just above this high
11504
11505 2877
11506 02:11:16,110 ~-~-> 02:11:20,130
11507 as well. And we're going to zoom in and
11508
11509 2878
11510 02:11:20,130 ~-~-> 02:11:25,740
11511 look at this profile right here and as
11512
11513 2879
11514 02:11:25,740 ~-~-> 02:11:27,840
11515 price moves up into these levels, we
11516
11517 2880
11518 02:11:27,840 ~-~-> 02:11:29,220
11519 would reasonably expect to see a market
11520
11521 2881
11522 02:11:29,220 ~-~-> 02:11:31,620
11523 maker sell model. We're going to into an
11524
11525 2882
11526 02:11:31,830 ~-~-> 02:11:39,120
11527 hourly timeframe. You Yeah, and we're
11528
11529 2883
11530 02:11:39,120 ~-~-> 02:11:42,330
11531 going to zoom out. Okay, we can see the
11532
11533 2884
11534 02:11:42,330 ~-~-> 02:11:44,640
11535 consolidation. Let's take these vertical
11536
11537 2885
11538 02:11:44,640 ~-~-> 02:11:48,090
11539 lines off cleaned up a little bit. You
11540
11541 2886
11542 02:11:48,090 ~-~-> 02:11:51,840
11543 can see the consolidation in here.
11544
11545 2887
11546 02:11:55,020 ~-~-> 02:11:57,780
11547 consolidated, moved out came back
11548
11549 2888
11550 02:11:57,870 ~-~-> 02:12:00,990
11551 retested the consolidation moved on up,
11552
11553 2889
11554 02:12:02,190 ~-~-> 02:12:06,570
11555 false rally higher, breaks down, rallies
11556
11557 2890
11558 02:12:06,570 ~-~-> 02:12:11,520
11559 on again on the other side. And again,
11560
11561 2891
11562 02:12:11,520 ~-~-> 02:12:16,170
11563 this is sell model. So again, this is
11564
11565 2892
11566 02:12:16,170 ~-~-> 02:12:18,540
11567 the sell model. So you're gonna see
11568
11569 2893
11570 02:12:26,340 ~-~-> 02:12:28,470
11571 price run out this consolidation on the
11572
11573 2894
11574 02:12:28,470 ~-~-> 02:12:30,750
11575 line and you see that happen there.
11576
11577 2895
11578 02:12:31,410 ~-~-> 02:12:34,710
11579 Okay, so that's the market maker sell
11580
11581 2896
11582 02:12:34,710 ~-~-> 02:12:36,750
11583 model. And again, we call this market
11584
11585 2897
11586 02:12:36,750 ~-~-> 02:12:39,060
11587 lower here before the actual move
11588
11589 2898
11590 02:12:39,060 ~-~-> 02:12:42,540
11591 ensued, given some further credibility
11592
11593 2899
11594 02:12:42,540 ~-~-> 02:12:44,370
11595 to the analysis concepts and it's not
11596
11597 2900
11598 02:12:44,370 ~-~-> 02:12:45,390
11599 always hindsight here.
11600
11601 2901
11602 02:12:51,630 ~-~-> 02:12:55,140
11603 Alright, let's talk about market orders
11604
11605 2902
11606 02:12:55,620 ~-~-> 02:12:59,250
11607 and how dealers work within the
11608
11609 2903
11610 02:12:59,250 ~-~-> 02:13:03,360
11611 marketplace. how they perceive traders,
11612
11613 2904
11614 02:13:03,390 ~-~-> 02:13:05,790
11615 psychology and how you can pretty much
11616
11617 2905
11618 02:13:05,790 ~-~-> 02:13:07,410
11619 get close to what they're doing without
11620
11621 2906
11622 02:13:07,410 ~-~-> 02:13:09,750
11623 even seeing the order books. Alright,
11624
11625 2907
11626 02:13:09,750 ~-~-> 02:13:12,030
11627 we're looking at a conceptual idea of
11628
11629 2908
11630 02:13:12,030 ~-~-> 02:13:14,160
11631 what market prices right now. And we're
11632
11633 2909
11634 02:13:14,160 ~-~-> 02:13:15,210
11635 not going to have a chart we're just
11636
11637 2910
11638 02:13:15,210 ~-~-> 02:13:17,400
11639 going to conceptually talk about the
11640
11641 2911
11642 02:13:17,400 ~-~-> 02:13:20,070
11643 generic principles associated with how
11644
11645 2912
11646 02:13:20,100 ~-~-> 02:13:24,810
11647 reading the market. Alright, let's
11648
11649 2913
11650 02:13:24,810 ~-~-> 02:13:26,310
11651 assume for a moment, the market price
11652
11653 2914
11654 02:13:26,310 ~-~-> 02:13:28,440
11655 moves up to what we considered a key
11656
11657 2915
11658 02:13:28,470 ~-~-> 02:13:31,200
11659 level, okay? Or could be moving down to
11660
11661 2916
11662 02:13:31,200 ~-~-> 02:13:32,520
11663 a key level doesn't matter. But we're
11664
11665 2917
11666 02:13:32,520 ~-~-> 02:13:34,560
11667 saying for the moment right now, we are
11668
11669 2918
11670 02:13:34,560 ~-~-> 02:13:37,440
11671 trading at a highly sensitive price
11672
11673 2919
11674 02:13:37,440 ~-~-> 02:13:40,950
11675 point that reacted. Most recently, or
11676
11677 2920
11678 02:13:40,950 ~-~-> 02:13:43,020
11679 maybe a couple weeks ago, there was a
11680
11681 2921
11682 02:13:43,020 ~-~-> 02:13:44,760
11683 significant reaction that same price
11684
11685 2922
11686 02:13:44,760 ~-~-> 02:13:47,580
11687 level. So now market moves, whether it
11688
11689 2923
11690 02:13:47,580 ~-~-> 02:13:49,290
11691 be up or down, we now have a market
11692
11693 2924
11694 02:13:49,290 ~-~-> 02:13:51,000
11695 price that's equal to or very close to
11696
11697 2925
11698 02:13:51,000 ~-~-> 02:13:53,370
11699 that key level. The question comes to
11700
11701 2926
11702 02:13:53,370 ~-~-> 02:13:55,770
11703 mind is where do we go from here? Do we
11704
11705 2927
11706 02:13:55,770 ~-~-> 02:13:59,250
11707 move higher? Or do we move lower when
11708
11709 2928
11710 02:13:59,250 ~-~-> 02:14:00,720
11711 you're watching What you're going to be
11712
11713 2929
11714 02:14:00,720 ~-~-> 02:14:03,390
11715 looking for are clues. Okay? There's
11716
11717 2930
11718 02:14:03,390 ~-~-> 02:14:06,360
11719 going to be a fingerprint, if you will,
11720
11721 2931
11722 02:14:06,660 ~-~-> 02:14:10,020
11723 of what may be unfolding. And generally
11724
11725 2932
11726 02:14:10,020 ~-~-> 02:14:13,170
11727 what happens is above the market price,
11728
11729 2933
11730 02:14:13,290 ~-~-> 02:14:16,560
11731 okay? There are protective buy stops on
11732
11733 2934
11734 02:14:16,560 ~-~-> 02:14:19,260
11735 those that have maybe put on net short
11736
11737 2935
11738 02:14:19,260 ~-~-> 02:14:22,890
11739 positions. And many times simply above
11740
11741 2936
11742 02:14:22,890 ~-~-> 02:14:24,630
11743 that slow bit more, there's going to be
11744
11745 2937
11746 02:14:24,630 ~-~-> 02:14:26,670
11747 pending sell limit orders for those that
11748
11749 2938
11750 02:14:26,670 ~-~-> 02:14:29,490
11751 have been possibly being long. Okay,
11752
11753 2939
11754 02:14:29,610 ~-~-> 02:14:31,200
11755 number two, we have net long traders in
11756
11757 2940
11758 02:14:31,200 ~-~-> 02:14:32,640
11759 the market. And we have net short
11760
11761 2941
11762 02:14:32,640 ~-~-> 02:14:35,190
11763 traders in the market. The net trader,
11764
11765 2942
11766 02:14:36,030 ~-~-> 02:14:38,760
11767 on the short side, want to protect your
11768
11769 2943
11770 02:14:38,760 ~-~-> 02:14:40,350
11771 position, so they're going to have their
11772
11773 2944
11774 02:14:40,350 ~-~-> 02:14:43,140
11775 protective buy stops somewhere above the
11776
11777 2945
11778 02:14:43,140 ~-~-> 02:14:46,440
11779 market price. And again, the premise is,
11780
11781 2946
11782 02:14:46,440 ~-~-> 02:14:48,180
11783 is this market price is now trading at a
11784
11785 2947
11786 02:14:48,180 ~-~-> 02:14:51,360
11787 key level. Okay. And because traders
11788
11789 2948
11790 02:14:51,360 ~-~-> 02:14:54,870
11791 always have a differing view, if even if
11792
11793 2949
11794 02:14:54,870 ~-~-> 02:14:58,950
11795 the marketplace is a implied support
11796
11797 2950
11798 02:14:58,950 ~-~-> 02:15:03,570
11799 level folks may be really looking to
11800
11801 2951
11802 02:15:04,170 ~-~-> 02:15:06,090
11803 sell short. Okay, and we're going to
11804
11805 2952
11806 02:15:06,090 ~-~-> 02:15:08,220
11807 talk about that in a moment. But for
11808
11809 2953
11810 02:15:08,220 ~-~-> 02:15:10,740
11811 those that have saw this level as a
11812
11813 2954
11814 02:15:10,740 ~-~-> 02:15:13,590
11815 potential support zone, and they want to
11816
11817 2955
11818 02:15:13,590 ~-~-> 02:15:15,690
11819 be expecting some kind of a bounce up,
11820
11821 2956
11822 02:15:16,140 ~-~-> 02:15:18,090
11823 they would have pending sell limit
11824
11825 2957
11826 02:15:18,090 ~-~-> 02:15:19,800
11827 orders to exit some of their position
11828
11829 2958
11830 02:15:19,800 ~-~-> 02:15:23,010
11831 and or all of it to for profit. And then
11832
11833 2959
11834 02:15:23,010 ~-~-> 02:15:25,980
11835 obviously, folks that expect to see it
11836
11837 2960
11838 02:15:26,220 ~-~-> 02:15:28,290
11839 go up only if it proves a little bit
11840
11841 2961
11842 02:15:28,290 ~-~-> 02:15:30,450
11843 more that it's going to move upwards.
11844
11845 2962
11846 02:15:30,720 ~-~-> 02:15:33,900
11847 They'll have a new long buy, stop. Okay,
11848
11849 2963
11850 02:15:33,900 ~-~-> 02:15:35,160
11851 so in other words, we have three types
11852
11853 2964
11854 02:15:35,160 ~-~-> 02:15:37,950
11855 of orders. that exists generally above
11856
11857 2965
11858 02:15:38,040 ~-~-> 02:15:39,930
11859 current market price, that being
11860
11861 2966
11862 02:15:40,020 ~-~-> 02:15:42,150
11863 pending, sell limit orders for those
11864
11865 2967
11866 02:15:42,150 ~-~-> 02:15:44,970
11867 that are net long, protective buy stops
11868
11869 2968
11870 02:15:44,970 ~-~-> 02:15:48,330
11871 on those that are net short, and new
11872
11873 2969
11874 02:15:48,360 ~-~-> 02:15:50,700
11875 potential buy stops for those that want
11876
11877 2970
11878 02:15:50,700 ~-~-> 02:15:55,500
11879 to enter on buying strength. On the
11880
11881 2971
11882 02:15:55,530 ~-~-> 02:15:57,630
11883 converse side, obviously you have for
11884
11885 2972
11886 02:15:57,630 ~-~-> 02:16:00,810
11887 those that are buying this At this
11888
11889 2973
11890 02:16:00,810 ~-~-> 02:16:02,460
11891 particular price level, you have
11892
11893 2974
11894 02:16:02,460 ~-~-> 02:16:04,290
11895 protective cell stops protecting what
11896
11897 2975
11898 02:16:04,320 ~-~-> 02:16:07,260
11899 they believe there's a potential by
11900
11901 2976
11902 02:16:07,290 ~-~-> 02:16:10,740
11903 scenario unfolding. Then you have stem
11904
11905 2977
11906 02:16:10,860 ~-~-> 02:16:12,480
11907 cell stops that are resting below the
11908
11909 2978
11910 02:16:12,480 ~-~-> 02:16:15,780
11911 market price for new short selling. So
11912
11913 2979
11914 02:16:15,780 ~-~-> 02:16:16,890
11915 other words they want to sell on
11916
11917 2980
11918 02:16:16,890 ~-~-> 02:16:19,410
11919 weakness. And below that, usually you'll
11920
11921 2981
11922 02:16:19,410 ~-~-> 02:16:23,100
11923 have pending limit orders to be you
11924
11925 2982
11926 02:16:23,100 ~-~-> 02:16:26,730
11927 tripped for covering short positions,
11928
11929 2983
11930 02:16:26,820 ~-~-> 02:16:28,260
11931 okay? In other words, they're using that
11932
11933 2984
11934 02:16:28,440 ~-~-> 02:16:30,960
11935 type of ordered exit on a profit target
11936
11937 2985
11938 02:16:30,960 ~-~-> 02:16:34,920
11939 objective for short positions. The
11940
11941 2986
11942 02:16:34,920 ~-~-> 02:16:38,730
11943 question is, where are we most likely
11944
11945 2987
11946 02:16:39,000 ~-~-> 02:16:43,080
11947 building up orders, okay. And it's very
11948
11949 2988
11950 02:16:44,340 ~-~-> 02:16:45,780
11951 tricky in the beginning because you have
11952
11953 2989
11954 02:16:45,780 ~-~-> 02:16:47,280
11955 to spend some time looking at charts.
11956
11957 2990
11958 02:16:47,340 ~-~-> 02:16:48,870
11959 Okay, this is going to come with time.
11960
11961 2991
11962 02:16:49,350 ~-~-> 02:16:51,360
11963 And when you hear me talk about and a
11964
11965 2992
11966 02:16:51,360 ~-~-> 02:16:52,500
11967 lot of times that you'll hear me in my
11968
11969 2993
11970 02:16:52,530 ~-~-> 02:16:54,420
11971 market review videos, or sometimes in my
11972
11973 2994
11974 02:16:54,420 ~-~-> 02:16:58,770
11975 teaching videos, many times I'll talk
11976
11977 2995
11978 02:16:59,490 ~-~-> 02:17:03,900
11979 out loud Okay, my thought process isn't
11980
11981 2996
11982 02:17:03,900 ~-~-> 02:17:06,630
11983 always meant for you to
11984
11985 2997
11986 02:17:07,890 ~-~-> 02:17:10,740
11987 be taught what I'm always speaking.
11988
11989 2998
11990 02:17:10,920 ~-~-> 02:17:13,050
11991 Okay? In other words, I may be thinking
11992
11993 2999
11994 02:17:13,050 ~-~-> 02:17:16,200
11995 out loud about a phenomenon that may be
11996
11997 3000
11998 02:17:16,350 ~-~-> 02:17:19,020
11999 unfolding at a particular level, okay?
12000
12001 3001
12002 02:17:19,410 ~-~-> 02:17:21,570
12003 And I'm not really meaning to teach that
12004
12005 3002
12006 02:17:21,570 ~-~-> 02:17:23,040
12007 to you, because it's something that
12008
12009 3003
12010 02:17:23,040 ~-~-> 02:17:24,960
12011 you're going to have to drill over top
12012
12013 3004
12014 02:17:24,960 ~-~-> 02:17:27,300
12015 of charts to learn on your own. Okay?
12016
12017 3005
12018 02:17:27,660 ~-~-> 02:17:29,850
12019 And this is the part of the experience
12020
12021 3006
12022 02:17:29,850 ~-~-> 02:17:32,250
12023 factor that comes into play, and why
12024
12025 3007
12026 02:17:32,250 ~-~-> 02:17:34,380
12027 patience is so important, because if you
12028
12029 3008
12030 02:17:34,380 ~-~-> 02:17:36,270
12031 don't have patience, you won't give
12032
12033 3009
12034 02:17:36,270 ~-~-> 02:17:37,920
12035 yourself the time to develop this neck
12036
12037 3010
12038 02:17:37,920 ~-~-> 02:17:39,900
12039 because that's exactly what this is. I
12040
12041 3011
12042 02:17:39,900 ~-~-> 02:17:42,420
12043 don't have an order book. I don't have
12044
12045 3012
12046 02:17:42,750 ~-~-> 02:17:45,720
12047 access to you know what these orders are
12048
12049 3013
12050 02:17:45,720 ~-~-> 02:17:47,010
12051 outside of what everybody else has on a
12052
12053 3014
12054 02:17:47,010 ~-~-> 02:17:49,830
12055 retail level. Okay. I can make phone
12056
12057 3015
12058 02:17:49,830 ~-~-> 02:17:51,990
12059 calls and ask where orders are stacking
12060
12061 3016
12062 02:17:51,990 ~-~-> 02:17:54,150
12063 up, but it's only really limited to a
12064
12065 3017
12066 02:17:54,150 ~-~-> 02:17:56,130
12067 certain portion of the actual
12068
12069 3018
12070 02:17:56,130 ~-~-> 02:18:00,270
12071 marketplace. So the psychology Behind
12072
12073 3019
12074 02:18:00,270 ~-~-> 02:18:02,730
12075 price action is very readable. Okay? And
12076
12077 3020
12078 02:18:02,730 ~-~-> 02:18:05,820
12079 it's by using these simple six types of
12080
12081 3021
12082 02:18:05,820 ~-~-> 02:18:09,000
12083 orders around market price. Obviously,
12084
12085 3022
12086 02:18:09,000 ~-~-> 02:18:11,580
12087 if prices moved up to a resistance
12088
12089 3023
12090 02:18:11,580 ~-~-> 02:18:14,910
12091 level, okay, one would expect new
12092
12093 3024
12094 02:18:14,910 ~-~-> 02:18:16,380
12095 sellers to come into place and then
12096
12097 3025
12098 02:18:16,380 ~-~-> 02:18:17,670
12099 there'd be protective buy stops
12100
12101 3026
12102 02:18:17,700 ~-~-> 02:18:19,590
12103 established, and those that have been
12104
12105 3027
12106 02:18:19,620 ~-~-> 02:18:21,210
12107 net long, they want to be getting out of
12108
12109 3028
12110 02:18:21,210 ~-~-> 02:18:22,950
12111 their position and they're greedy. They
12112
12113 3029
12114 02:18:22,950 ~-~-> 02:18:24,120
12115 want to be trying to get that extra
12116
12117 3030
12118 02:18:24,120 ~-~-> 02:18:25,920
12119 little bit of drops of lemon juice out
12120
12121 3031
12122 02:18:25,920 ~-~-> 02:18:27,090
12123 of that limit, they want to squeeze it
12124
12125 3032
12126 02:18:27,090 ~-~-> 02:18:28,770
12127 for all it's worth. So let's try to put
12128
12129 3033
12130 02:18:28,770 ~-~-> 02:18:32,580
12131 their limit orders on the far side of
12132
12133 3034
12134 02:18:33,000 ~-~-> 02:18:34,740
12135 the particular resistance level, okay,
12136
12137 3035
12138 02:18:34,740 ~-~-> 02:18:36,660
12139 because it's greed, this market unlike
12140
12141 3036
12142 02:18:36,660 ~-~-> 02:18:38,490
12143 anything else is a breeding ground for
12144
12145 3037
12146 02:18:38,490 ~-~-> 02:18:41,850
12147 greed. And obviously, those that have
12148
12149 3038
12150 02:18:41,850 ~-~-> 02:18:43,560
12151 been, you know, just introduced to the
12152
12153 3039
12154 02:18:43,560 ~-~-> 02:18:44,730
12155 marketplace they've been seeing the
12156
12157 3040
12158 02:18:44,730 ~-~-> 02:18:46,350
12159 market go up for nine days straight so
12160
12161 3041
12162 02:18:46,350 ~-~-> 02:18:47,550
12163 therefore if it goes up a little bit
12164
12165 3042
12166 02:18:47,550 ~-~-> 02:18:49,800
12167 higher, that's when they want to buy and
12168
12169 3043
12170 02:18:49,800 ~-~-> 02:18:51,000
12171 that's generally what happens is they
12172
12173 3044
12174 02:18:51,000 ~-~-> 02:18:52,650
12175 buy too high the market, okay, and I've
12176
12177 3045
12178 02:18:52,650 ~-~-> 02:18:53,910
12179 been there I know what it's all about,
12180
12181 3046
12182 02:18:53,910 ~-~-> 02:18:55,710
12183 and none of it feels like so, and you
12184
12185 3047
12186 02:18:55,710 ~-~-> 02:18:58,980
12187 probably do too. If we had seen market,
12188
12189 3048
12190 02:18:59,370 ~-~-> 02:19:01,380
12191 price trading down to a key support
12192
12193 3049
12194 02:19:01,380 ~-~-> 02:19:04,620
12195 level, okay, those that are entering in
12196
12197 3050
12198 02:19:04,680 ~-~-> 02:19:07,020
12199 on whatever we implied as a buy signal
12200
12201 3051
12202 02:19:07,020 ~-~-> 02:19:09,390
12203 for them, they would immediately put
12204
12205 3052
12206 02:19:09,390 ~-~-> 02:19:11,040
12207 protective sell stop below the market
12208
12209 3053
12210 02:19:11,040 ~-~-> 02:19:13,470
12211 price. And then obviously, for those
12212
12213 3054
12214 02:19:13,470 ~-~-> 02:19:16,200
12215 that have been net short, okay, they
12216
12217 3055
12218 02:19:16,200 ~-~-> 02:19:18,540
12219 have their limit orders below market
12220
12221 3056
12222 02:19:18,540 ~-~-> 02:19:20,490
12223 price trying to get out, you know, with
12224
12225 3057
12226 02:19:20,490 ~-~-> 02:19:23,430
12227 their greedy, you know, expectations of
12228
12229 3058
12230 02:19:23,430 ~-~-> 02:19:26,700
12231 getting out near a very handsome price
12232
12233 3059
12234 02:19:26,700 ~-~-> 02:19:28,920
12235 level to profit from. And again the same
12236
12237 3060
12238 02:19:28,920 ~-~-> 02:19:30,450
12239 guys that have been just introduced to
12240
12241 3061
12242 02:19:30,450 ~-~-> 02:19:31,800
12243 the marketplace, you know, for the last
12244
12245 3062
12246 02:19:31,800 ~-~-> 02:19:35,250
12247 25 days in the market places have been
12248
12249 3063
12250 02:19:35,250 ~-~-> 02:19:37,080
12251 seeing lower prices. So therefore, if it
12252
12253 3064
12254 02:19:37,080 ~-~-> 02:19:38,160
12255 goes down a little bit farther, then
12256
12257 3065
12258 02:19:38,160 ~-~-> 02:19:40,110
12259 they'll sell short and they'll have cell
12260
12261 3066
12262 02:19:40,110 ~-~-> 02:19:41,550
12263 stops down there because they can't move
12264
12265 3067
12266 02:19:41,550 ~-~-> 02:19:43,140
12267 around the trading desk because they're
12268
12269 3068
12270 02:19:43,140 ~-~-> 02:19:45,270
12271 working at you know, whatever they're
12272
12273 3069
12274 02:19:45,270 ~-~-> 02:19:47,910
12275 doing, you know, you're painting cars,
12276
12277 3070
12278 02:19:48,210 ~-~-> 02:19:49,770
12279 so they want to have their cell stops
12280
12281 3071
12282 02:19:49,770 ~-~-> 02:19:51,330
12283 below the marketplace and in many times
12284
12285 3072
12286 02:19:51,330 ~-~-> 02:19:53,430
12287 you see them selling the low of the day.
12288
12289 3073
12290 02:19:56,250 ~-~-> 02:19:58,380
12291 So let's talk about a little bit more
12292
12293 3074
12294 02:19:58,380 ~-~-> 02:20:02,520
12295 detail of it. market makers pair orders
12296
12297 3075
12298 02:20:03,000 ~-~-> 02:20:07,260
12299 and how orders stack. Let's assume for a
12300
12301 3076
12302 02:20:07,260 ~-~-> 02:20:09,480
12303 moment that there is a highly sensitive
12304
12305 3077
12306 02:20:09,660 ~-~-> 02:20:12,810
12307 price level of support or resistance
12308
12309 3078
12310 02:20:12,870 ~-~-> 02:20:16,590
12311 around that 132. Big figure. Now when we
12312
12313 3079
12314 02:20:16,590 ~-~-> 02:20:19,470
12315 look at a big figure, okay, and before I
12316
12317 3080
12318 02:20:19,470 ~-~-> 02:20:21,540
12319 go any further, this could be a mid
12320
12321 3081
12322 02:20:21,540 ~-~-> 02:20:24,660
12323 figure. Okay. And then obviously the
12324
12325 3082
12326 02:20:24,660 ~-~-> 02:20:27,120
12327 levels above it being respective in
12328
12329 3083
12330 02:20:27,120 ~-~-> 02:20:28,500
12331 terms of what we have here as an
12332
12333 3084
12334 02:20:28,500 ~-~-> 02:20:31,530
12335 example, but keeping in true form of the
12336
12337 3085
12338 02:20:31,530 ~-~-> 02:20:32,850
12339 institutional levels we like to follow,
12340
12341 3086
12342 02:20:32,880 ~-~-> 02:20:35,850
12343 which are the big figures, the 20s, the
12344
12345 3087
12346 02:20:35,850 ~-~-> 02:20:38,670
12347 80s, the small round numbers, okay, in
12348
12349 3088
12350 02:20:38,670 ~-~-> 02:20:42,060
12351 the mid 50 levels, okay, if price trades
12352
12353 3089
12354 02:20:42,180 ~-~-> 02:20:46,860
12355 up to 132. Don't expect 130 to always
12356
12357 3090
12358 02:20:46,860 ~-~-> 02:20:49,050
12359 simply hold price back. Many times
12360
12361 3091
12362 02:20:49,050 ~-~-> 02:20:51,270
12363 you'll see price trade up to that level.
12364
12365 3092
12366 02:20:52,260 ~-~-> 02:20:55,380
12367 And there'll be orders around the 10
12368
12369 3093
12370 02:20:55,380 ~-~-> 02:20:57,270
12371 level and around the 20 level. Many
12372
12373 3094
12374 02:20:57,270 ~-~-> 02:20:58,470
12375 times you'll see price even if it's
12376
12377 3095
12378 02:20:58,470 ~-~-> 02:21:00,720
12379 going to go lower, longer term. Many
12380
12381 3096
12382 02:21:00,720 ~-~-> 02:21:03,750
12383 times they'll sweep price up through the
12384
12385 3097
12386 02:21:03,750 ~-~-> 02:21:06,660
12387 10s and 20s. And the reason why is
12388
12389 3098
12390 02:21:06,660 ~-~-> 02:21:09,780
12391 because folks like to put their orders
12392
12393 3099
12394 02:21:10,830 ~-~-> 02:21:12,960
12395 at odd numbers and such, okay, but
12396
12397 3100
12398 02:21:12,960 ~-~-> 02:21:15,300
12399 really, the institutional level traders,
12400
12401 3101
12402 02:21:15,330 ~-~-> 02:21:18,090
12403 they work around small round numbers.
12404
12405 3102
12406 02:21:18,120 ~-~-> 02:21:19,950
12407 Okay, the 10s, the 20s,
12408
12409 3103
12410 02:21:20,340 ~-~-> 02:21:22,560
12411 they'll they'll use those levels because
12412
12413 3104
12414 02:21:22,560 ~-~-> 02:21:24,510
12415 it allows them to clean through
12416
12417 3105
12418 02:21:25,560 ~-~-> 02:21:28,440
12419 particular price levels. And maybe
12420
12421 3106
12422 02:21:28,440 ~-~-> 02:21:30,480
12423 you've encountered slippage. Okay. In
12424
12425 3107
12426 02:21:30,480 ~-~-> 02:21:32,280
12427 other words, you really wanted to get
12428
12429 3108
12430 02:21:32,280 ~-~-> 02:21:35,580
12431 out at 130 205. But maybe they filled it
12432
12433 3109
12434 02:21:35,580 ~-~-> 02:21:39,540
12435 at 130 to 10. That's slippage. Why did
12436
12437 3110
12438 02:21:39,540 ~-~-> 02:21:41,610
12439 they fill you at 130 to 10? Because
12440
12441 3111
12442 02:21:41,610 ~-~-> 02:21:44,130
12443 that's where their order was for them to
12444
12445 3112
12446 02:21:44,130 ~-~-> 02:21:45,900
12447 execute. So they're going to fill you
12448
12449 3113
12450 02:21:45,930 ~-~-> 02:21:48,210
12451 they're not where you really want to get
12452
12453 3114
12454 02:21:48,210 ~-~-> 02:21:50,820
12455 out. Okay. It doesn't happen all the
12456
12457 3115
12458 02:21:50,820 ~-~-> 02:21:53,760
12459 time. No, but obviously, we as retail
12460
12461 3116
12462 02:21:53,760 ~-~-> 02:21:56,430
12463 traders, are at the mercy if you will,
12464
12465 3117
12466 02:21:56,730 ~-~-> 02:21:58,230
12467 of what the dealers are going to give us
12468
12469 3118
12470 02:21:58,230 ~-~-> 02:22:00,420
12471 as an order. Okay. Maybe you had Trade
12472
12473 3119
12474 02:22:00,420 ~-~-> 02:22:03,540
12475 executed and you exit it or entered and
12476
12477 3120
12478 02:22:03,570 ~-~-> 02:22:06,450
12479 then you have a recoat later on. Okay,
12480
12481 3121
12482 02:22:06,480 ~-~-> 02:22:10,110
12483 maybe you got in a short position at 132
12484
12485 3122
12486 02:22:10,140 ~-~-> 02:22:12,540
12487 even. Okay, and then later on found out
12488
12489 3123
12490 02:22:12,540 ~-~-> 02:22:17,640
12491 that they quoted you 131 95 or 131 90.
12492
12493 3124
12494 02:22:17,820 ~-~-> 02:22:19,620
12495 Okay, that's pretty extreme in terms of
12496
12497 3125
12498 02:22:19,620 ~-~-> 02:22:21,480
12499 slippage. But if it's economic report,
12500
12501 3126
12502 02:22:21,750 ~-~-> 02:22:23,820
12503 things like that can happen. As a matter
12504
12505 3127
12506 02:22:23,820 ~-~-> 02:22:25,980
12507 of fact, you know, I just recently
12508
12509 3128
12510 02:22:25,980 ~-~-> 02:22:29,220
12511 traded an economic report, and I had
12512
12513 3129
12514 02:22:29,520 ~-~-> 02:22:31,890
12515 seven pips slippage from where I was
12516
12517 3130
12518 02:22:31,890 ~-~-> 02:22:33,390
12519 trying to get in, and we're actually got
12520
12521 3131
12522 02:22:33,390 ~-~-> 02:22:36,750
12523 filled so you that's the inherent nature
12524
12525 3132
12526 02:22:36,780 ~-~-> 02:22:39,600
12527 of trading in fast, illiquid markets,
12528
12529 3133
12530 02:22:39,930 ~-~-> 02:22:41,580
12531 and they're gonna fill you where they
12532
12533 3134
12534 02:22:41,580 ~-~-> 02:22:43,620
12535 want to get filled. Okay, so you're
12536
12537 3135
12538 02:22:43,620 ~-~-> 02:22:44,550
12539 gonna be taking the other side of your
12540
12541 3136
12542 02:22:44,550 ~-~-> 02:22:46,140
12543 trade to understand that if you're
12544
12545 3137
12546 02:22:46,140 ~-~-> 02:22:49,560
12547 dealing through a market maker or an
12548
12549 3138
12550 02:22:49,560 ~-~-> 02:22:52,590
12551 order desk, that's the type of filling
12552
12553 3139
12554 02:22:52,590 ~-~-> 02:22:53,850
12555 you're going to get with your orders.
12556
12557 3140
12558 02:22:53,880 ~-~-> 02:22:55,860
12559 Okay, but if you think in terms of the
12560
12561 3141
12562 02:22:55,860 ~-~-> 02:22:58,860
12563 big picture of how these market makers
12564
12565 3142
12566 02:22:58,860 ~-~-> 02:23:03,060
12567 and large Bank dealers and traders work.
12568
12569 3143
12570 02:23:03,450 ~-~-> 02:23:04,980
12571 They're going to work around these round
12572
12573 3144
12574 02:23:04,980 ~-~-> 02:23:06,630
12575 numbers and always expect them to try to
12576
12577 3145
12578 02:23:06,630 ~-~-> 02:23:09,150
12579 sweep to the next small little round
12580
12581 3146
12582 02:23:09,150 ~-~-> 02:23:11,250
12583 number because that's generally where
12584
12585 3147
12586 02:23:11,520 ~-~-> 02:23:13,440
12587 they'll take price and it'll clean out
12588
12589 3148
12590 02:23:13,440 ~-~-> 02:23:15,210
12591 all the guys that want to use a stop
12592
12593 3149
12594 02:23:15,210 ~-~-> 02:23:18,480
12595 loss, okay, they maybe sell short at 132
12596
12597 3150
12598 02:23:18,780 ~-~-> 02:23:21,150
12599 even want to limit maybe the assault
12600
12601 3151
12602 02:23:21,150 ~-~-> 02:23:23,070
12603 price dropped down to 131 90 and they're
12604
12605 3152
12606 02:23:23,070 ~-~-> 02:23:24,210
12607 salivating because they think it's going
12608
12609 3153
12610 02:23:24,210 ~-~-> 02:23:26,430
12611 to go to 130. Okay, so they put your
12612
12613 3154
12614 02:23:26,430 ~-~-> 02:23:30,660
12615 stop loss at 130 203. Okay, well, the
12616
12617 3155
12618 02:23:30,660 ~-~-> 02:23:32,670
12619 dealers know that. Okay, they're going
12620
12621 3156
12622 02:23:32,670 ~-~-> 02:23:34,380
12623 to take price up and just for good
12624
12625 3157
12626 02:23:34,380 ~-~-> 02:23:35,190
12627 measure, we're gonna run it to the
12628
12629 3158
12630 02:23:35,190 ~-~-> 02:23:37,290
12631 132 10 level. And then I'll clear out a
12632
12633 3159
12634 02:23:37,290 ~-~-> 02:23:39,090
12635 nice block of trades that would have had
12636
12637 3160
12638 02:23:39,330 ~-~-> 02:23:40,830
12639 pending orders resting above it, like we
12640
12641 3161
12642 02:23:40,830 ~-~-> 02:23:43,170
12643 just discussed in a previous slide, and
12644
12645 3162
12646 02:23:43,410 ~-~-> 02:23:44,430
12647 allow them
12648
12649 3163
12650 02:23:44,730 ~-~-> 02:23:47,070
12651 to promote liquidity not only for
12652
12653 3164
12654 02:23:47,070 ~-~-> 02:23:49,800
12655 themselves, but other orders they have
12656
12657 3165
12658 02:23:49,800 ~-~-> 02:23:55,530
12659 to do transactions for Alright, let's
12660
12661 3166
12662 02:23:55,530 ~-~-> 02:23:58,860
12663 take a look at an environment where the
12664
12665 3167
12666 02:23:58,860 ~-~-> 02:24:02,310
12667 132 perhaps is a clearly discernible
12668
12669 3168
12670 02:24:02,340 ~-~-> 02:24:05,820
12671 resistance level. Okay, and we're going
12672
12673 3169
12674 02:24:05,820 ~-~-> 02:24:08,220
12675 to assume that market price is down here
12676
12677 3170
12678 02:24:08,250 ~-~-> 02:24:11,100
12679 below that particular price level. And
12680
12681 3171
12682 02:24:11,130 ~-~-> 02:24:12,210
12683 generally you'll see this type of
12684
12685 3172
12686 02:24:12,210 ~-~-> 02:24:13,650
12687 action, okay, they'll take it up to the
12688
12689 3173
12690 02:24:13,650 ~-~-> 02:24:17,670
12691 80 level. Okay, and force or retrace,
12692
12693 3174
12694 02:24:17,670 ~-~-> 02:24:20,100
12695 pull off very sharply. Okay. And
12696
12697 3175
12698 02:24:20,100 ~-~-> 02:24:21,900
12699 everybody understands if you've been
12700
12701 3176
12702 02:24:21,900 ~-~-> 02:24:23,400
12703 looking at the markets and in the
12704
12705 3177
12706 02:24:23,430 ~-~-> 02:24:26,760
12707 capacity that the 80s the 20s in the 50s
12708
12709 3178
12710 02:24:26,790 ~-~-> 02:24:28,680
12711 and full figures are very sensitive
12712
12713 3179
12714 02:24:28,680 ~-~-> 02:24:30,750
12715 psychological numbers, okay? And if the
12716
12717 3180
12718 02:24:30,750 ~-~-> 02:24:33,750
12719 dealers can bounce price off there,
12720
12721 3181
12722 02:24:33,750 ~-~-> 02:24:35,160
12723 they'll trap a lot of traders thinking
12724
12725 3182
12726 02:24:35,160 ~-~-> 02:24:37,560
12727 okay that was the high the market then
12728
12729 3183
12730 02:24:37,560 ~-~-> 02:24:39,060
12731 what happens though reprice
12732
12733 3184
12734 02:24:40,050 ~-~-> 02:24:40,830
12735 Okay, and
12736
12737 3185
12738 02:24:41,040 ~-~-> 02:24:43,830
12739 get folks that maybe didn't believe that
12740
12741 3186
12742 02:24:43,830 ~-~-> 02:24:45,090
12743 was the high and they think it's still
12744
12745 3187
12746 02:24:45,090 ~-~-> 02:24:48,270
12747 going to go to 132. They'll more or less
12748
12749 3188
12750 02:24:48,270 ~-~-> 02:24:50,370
12751 buy that market up. Okay. But then what
12752
12753 3189
12754 02:24:50,370 ~-~-> 02:24:51,960
12755 I'll do is I'll take the market below
12756
12757 3190
12758 02:24:51,960 ~-~-> 02:24:53,970
12759 the most recent swing low and stop those
12760
12761 3191
12762 02:24:53,970 ~-~-> 02:24:56,460
12763 traders out. So now, the folks that
12764
12765 3192
12766 02:24:56,460 ~-~-> 02:24:58,020
12767 think on a short term that the price is
12768
12769 3193
12770 02:24:58,020 ~-~-> 02:25:00,930
12771 going to go to 132 are now scared They
12772
12773 3194
12774 02:25:00,930 ~-~-> 02:25:02,490
12775 don't want to get in the market now. So
12776
12777 3195
12778 02:25:02,490 ~-~-> 02:25:05,520
12779 they took those individuals out if they
12780
12781 3196
12782 02:25:05,520 ~-~-> 02:25:07,560
12783 were taken out when that recent move
12784
12785 3197
12786 02:25:07,560 ~-~-> 02:25:09,720
12787 down below the recent swing low here,
12788
12789 3198
12790 02:25:10,620 ~-~-> 02:25:13,080
12791 okay, what is below they're going to put
12792
12793 3199
12794 02:25:13,080 ~-~-> 02:25:16,410
12795 up what protective sell, okay? If the
12796
12797 3200
12798 02:25:16,410 ~-~-> 02:25:18,600
12799 dealers take price down below that that
12800
12801 3201
12802 02:25:18,600 ~-~-> 02:25:20,580
12803 sell stop becomes a market or do what
12804
12805 3202
12806 02:25:21,210 ~-~-> 02:25:22,920
12807 the sell to market who's going to buy it
12808
12809 3203
12810 02:25:22,920 ~-~-> 02:25:25,890
12811 from the dealers, the dealers will buy
12812
12813 3204
12814 02:25:25,890 ~-~-> 02:25:28,620
12815 up that pocket of liquidity, okay. And
12816
12817 3205
12818 02:25:28,620 ~-~-> 02:25:30,630
12819 then they'll reprice and they'll take it
12820
12821 3206
12822 02:25:30,630 ~-~-> 02:25:33,360
12823 up to that 132 figure clearing out the
12824
12825 3207
12826 02:25:33,360 ~-~-> 02:25:34,560
12827 stops that would have been resting at
12828
12829 3208
12830 02:25:34,560 ~-~-> 02:25:36,690
12831 that 131 90 for those that went short
12832
12833 3209
12834 02:25:36,690 ~-~-> 02:25:39,570
12835 here. So now, is there any one short?
12836
12837 3210
12838 02:25:39,600 ~-~-> 02:25:41,160
12839 No. Okay.
12840
12841 3211
12842 02:25:41,580 ~-~-> 02:25:42,930
12843 So where did they
12844
12845 3212
12846 02:25:43,980 ~-~-> 02:25:45,630
12847 where does the dealer's exit their
12848
12849 3213
12850 02:25:45,630 ~-~-> 02:25:49,260
12851 position to the accumulated here at the
12852
12853 3214
12854 02:25:49,260 ~-~-> 02:25:51,600
12855 131 90 or there abouts because that's
12856
12857 3215
12858 02:25:51,600 ~-~-> 02:25:54,750
12859 about rare those stop loss on the short
12860
12861 3216
12862 02:25:54,780 ~-~-> 02:25:56,280
12863 the short sellers here would have their
12864
12865 3217
12866 02:25:56,280 ~-~-> 02:25:57,930
12867 orders resting so they clear out the
12868
12869 3218
12870 02:25:57,930 ~-~-> 02:25:59,070
12871 pending orders and take it all out to
12872
12873 3219
12874 02:25:59,070 ~-~-> 02:26:03,180
12875 the 132 figure. The next repricing comes
12876
12877 3220
12878 02:26:03,180 ~-~-> 02:26:06,660
12879 in the sell off, folks. Okay, well, this
12880
12881 3221
12882 02:26:06,660 ~-~-> 02:26:08,460
12883 is the top of the marketplace. So let's
12884
12885 3222
12886 02:26:08,460 ~-~-> 02:26:10,650
12887 start selling. Okay, so they go short
12888
12889 3223
12890 02:26:10,680 ~-~-> 02:26:12,570
12891 here. All of a sudden, you'll see the
12892
12893 3224
12894 02:26:12,570 ~-~-> 02:26:14,520
12895 dealers take price back up again, now
12896
12897 3225
12898 02:26:14,520 ~-~-> 02:26:17,250
12899 clear up to 132. Why? Because the folks
12900
12901 3226
12902 02:26:17,250 ~-~-> 02:26:18,930
12903 that have been watching that 132 level,
12904
12905 3227
12906 02:26:19,140 ~-~-> 02:26:21,240
12907 wants to trade their one time and starts
12908
12909 3228
12910 02:26:21,240 ~-~-> 02:26:22,920
12911 to trade off. They think that's it. It's
12912
12913 3229
12914 02:26:22,920 ~-~-> 02:26:25,410
12915 a support resistance is perfect. It
12916
12917 3230
12918 02:26:25,410 ~-~-> 02:26:28,650
12919 never never has any blurry lines. it's
12920
12921 3231
12922 02:26:28,650 ~-~-> 02:26:31,410
12923 crystal clear, laser guided. Okay, and
12924
12925 3232
12926 02:26:31,410 ~-~-> 02:26:32,640
12927 price is always going to stop right on
12928
12929 3233
12930 02:26:32,640 ~-~-> 02:26:35,220
12931 that 00 level. It doesn't guys, you got
12932
12933 3234
12934 02:26:35,220 ~-~-> 02:26:37,830
12935 to have some flexibility and wait, wait
12936
12937 3235
12938 02:26:37,830 ~-~-> 02:26:39,570
12939 for the shore sign that this thing's
12940
12941 3236
12942 02:26:39,570 ~-~-> 02:26:41,730
12943 going to turn around. So when then clear
12944
12945 3237
12946 02:26:41,730 ~-~-> 02:26:45,360
12947 all the way up to the 132 20 level. Now,
12948
12949 3238
12950 02:26:45,810 ~-~-> 02:26:46,800
12951 folks that were
12952
12953 3239
12954 02:26:47,460 ~-~-> 02:26:49,650
12955 looking to sell, they're scared. They
12956
12957 3240
12958 02:26:49,650 ~-~-> 02:26:50,790
12959 don't want to get in the market. Now.
12960
12961 3241
12962 02:26:50,820 ~-~-> 02:26:52,110
12963 They don't know what's going to happen.
12964
12965 3242
12966 02:26:52,170 ~-~-> 02:26:54,150
12967 Why? Because they watched the guys get
12968
12969 3243
12970 02:26:54,150 ~-~-> 02:26:55,590
12971 blown out here. They watch the gods get
12972
12973 3244
12974 02:26:55,590 ~-~-> 02:26:57,150
12975 blown out here. This creates that
12976
12977 3245
12978 02:26:57,150 ~-~-> 02:27:00,720
12979 pattern three drives higher or Three
12980
12981 3246
12982 02:27:00,720 ~-~-> 02:27:04,080
12983 Indians, as it is in the street smarts
12984
12985 3247
12986 02:27:04,080 ~-~-> 02:27:08,100
12987 book. They'll do a massive repricing,
12988
12989 3248
12990 02:27:08,130 ~-~-> 02:27:09,900
12991 they'll take out a swing low here. Why?
12992
12993 3249
12994 02:27:09,900 ~-~-> 02:27:11,490
12995 Because there may be traders that were
12996
12997 3250
12998 02:27:11,490 ~-~-> 02:27:15,570
12999 net long in here and got smart and
13000
13001 3251
13002 02:27:15,570 ~-~-> 02:27:17,430
13003 realized it was probably going to move
13004
13005 3252
13006 02:27:17,430 ~-~-> 02:27:19,380
13007 higher. But they don't want those guys
13008
13009 3253
13010 02:27:19,380 ~-~-> 02:27:20,790
13011 in the marketplace either. Okay, so
13012
13013 3254
13014 02:27:20,790 ~-~-> 02:27:22,050
13015 they're going to drive them individuals
13016
13017 3255
13018 02:27:22,050 ~-~-> 02:27:25,080
13019 as well. Then they'll take price back
13020
13021 3256
13022 02:27:25,080 ~-~-> 02:27:27,180
13023 above that 132 figure or rate at it.
13024
13025 3257
13026 02:27:27,630 ~-~-> 02:27:28,830
13027 Okay. And this is typically when the
13028
13029 3258
13030 02:27:28,830 ~-~-> 02:27:31,140
13031 market really makes its pattern of going
13032
13033 3259
13034 02:27:31,140 ~-~-> 02:27:33,390
13035 short. Why? Because we have a breakdown
13036
13037 3260
13038 02:27:33,390 ~-~-> 02:27:36,330
13039 and market structure. After we clear out
13040
13041 3261
13042 02:27:36,810 ~-~-> 02:27:38,550
13043 the orders that stacked around these key
13044
13045 3262
13046 02:27:38,550 ~-~-> 02:27:41,790
13047 levels. You'll see price to a mass
13048
13049 3263
13050 02:27:42,420 ~-~-> 02:27:44,670
13051 dramatic repricing and take out all
13052
13053 3264
13054 02:27:44,820 ~-~-> 02:27:47,010
13055 short term lows, and anybody that would
13056
13057 3265
13058 02:27:47,010 ~-~-> 02:27:48,720
13059 be net long in that position, and now
13060
13061 3266
13062 02:27:48,720 ~-~-> 02:27:51,240
13063 they're trapped. The next portion is
13064
13065 3267
13066 02:27:51,240 ~-~-> 02:27:54,030
13067 that then they'll get you traders to
13068
13069 3268
13070 02:27:54,030 ~-~-> 02:27:56,010
13071 think okay, this was it, you know, sort
13072
13073 3269
13074 02:27:56,010 ~-~-> 02:27:58,980
13075 of fast resistance level. Maybe this was
13076
13077 3270
13078 02:27:59,490 ~-~-> 02:28:02,220
13079 you know, One of these patterns where it
13080
13081 3271
13082 02:28:02,220 ~-~-> 02:28:03,360
13083 looked like it was a top but it really
13084
13085 3272
13086 02:28:03,360 ~-~-> 02:28:04,860
13087 wasn't guys. So let's get on board and
13088
13089 3273
13090 02:28:04,860 ~-~-> 02:28:06,720
13091 they'll do a real quick repricing up.
13092
13093 3274
13094 02:28:07,080 ~-~-> 02:28:09,930
13095 This is where you get the nice optimal
13096
13097 3275
13098 02:28:09,930 ~-~-> 02:28:12,210
13099 trade entry sell short patterns. Okay,
13100
13101 3276
13102 02:28:12,240 ~-~-> 02:28:13,800
13103 and that's the one you want to be on.
13104
13105 3277
13106 02:28:14,370 ~-~-> 02:28:16,530
13107 And then you see the sustained swings,
13108
13109 3278
13110 02:28:17,130 ~-~-> 02:28:21,420
13111 lower begin. Obviously, like most
13112
13113 3279
13114 02:28:21,420 ~-~-> 02:28:23,610
13115 everything I have, you know, we're not
13116
13117 3280
13118 02:28:23,610 ~-~-> 02:28:24,870
13119 going to go through that whole long
13120
13121 3281
13122 02:28:24,870 ~-~-> 02:28:27,030
13123 winded depiction of how orders are
13124
13125 3282
13126 02:28:27,030 ~-~-> 02:28:28,890
13127 stacked and how dealers work within
13128
13129 3283
13130 02:28:28,890 ~-~-> 02:28:31,380
13131 these key levels. But assuming that we
13132
13133 3284
13134 02:28:31,380 ~-~-> 02:28:34,290
13135 have a support level, and price started
13136
13137 3285
13138 02:28:34,290 ~-~-> 02:28:36,270
13139 up here, much in the same capacity we
13140
13141 3286
13142 02:28:36,270 ~-~-> 02:28:38,850
13143 saw on the selling side, you can see
13144
13145 3287
13146 02:28:38,850 ~-~-> 02:28:42,000
13147 that unfold on the bullish aspect of
13148
13149 3288
13150 02:28:42,000 ~-~-> 02:28:42,780
13151 trading as well.