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3		-ICT: Hello Folks, this is Michael
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	2	+|1 |00:00:55,590 ~-~-> 00:01:07,680 |ICT: Hello Folks, this is Michael with a warm welcome to Part Five in our continuing series of the ICT scout sniper basic Field Guide. And this episode is
	3	+|2 |00:01:08,070 ~-~-> 00:01:17,580 |titled range finding. Okay, and what we'll be covering in this presentation. Well, we're going to be reviewing the previous episodes assignment tracking
	4	+|3 |00:01:17,580 ~-~-> 00:01:26,700 |institutional price action. Now you were instructed to go through your charts and look at the daily and four hour and look for reference points and order
	5	+|4 |00:01:26,700 ~-~-> 00:01:35,430 |blocks, you can pull your fibs cross hunting optimal trade entries. For those who didn't do the homework, we're gonna be giving a couple examples. And we're
	6	+|5 |00:01:35,430 ~-~-> 00:01:43,530 |gonna be looking at specific charts. And we're gonna give a specific order block illustrations. Now, I've worked up a couple illustrations, obviously in the
	7	+|6 |00:01:43,530 ~-~-> 00:01:51,990 |fiber, which is the Euro USD give you a boat example. In fact, we're going to probably give you two or three of them. And we'll give you a bearish example.
	8	+|7 |00:01:53,310 ~-~-> 00:02:02,250 |And we're going to be looking at a pair that's probably very alien to anyone who's been following my work. The Canadian Dollar and Japanese yen pair, okay,
	9	+|8 |00:02:02,250 ~-~-> 00:02:12,780 |we're gonna be looking at a bullish example is that basically to highlight the the overall universal application to my concepts, a even applying it to an
	10	+|9 |00:02:12,780 ~-~-> 00:02:20,340 |exotic pair like this as an illustration. And we're looking at another in my opinion is an exotic is Australian and Japanese yen, we're gonna give you a
	11	+|10 |00:02:20,340 ~-~-> 00:02:34,170 |bullet examples that pair illustrates an exotic application as well. Remember talking about target selection concepts, and it begins with price swings. And
	12	+|11 |00:02:34,170 ~-~-> 00:02:43,590 |now obviously, it's in the eye of the beholder, okay, so without your ability to see the overall price swings, that's going to be the hindering or obstacle for
	13	+|12 |00:02:43,590 ~-~-> 00:02:50,520 |you. Okay, so you're gonna have to put some time into looking at the charts. If you haven't already done so and acquired that talent, you're going to need to do
	14	+|13 |00:02:50,520 ~-~-> 00:03:00,660 |that before you can actually move forward. Price reference points, we're talking about that specifically. And we're gonna be introducing the 50% rule of
	15	+|14 |00:03:00,660 ~-~-> 00:03:16,560 |symmetrical price swings, and we're giving you the instructions of Mt for fib calibration. And we're looking at ICT swing projections, wow. Market symmetry in
	16	+|15 |00:03:16,560 ~-~-> 00:03:26,370 |the bullish realm. Okay, we're gonna be talking about equilibrium and price swing fulcrums will give you upside objectives. And we'll be looking at the
	17	+|16 |00:03:26,370 ~-~-> 00:03:37,050 |chart examples of upside swing projections. And we're gonna be giving you a barque bearish market symmetry, dealing with the equilibrium price swing
	18	+|17 |00:03:37,050 ~-~-> 00:03:51,120 |fulcrums which points to downside objectives. And we're going to give you examples of downside price projections as well. And yes, homework, we're gonna
	19	+|18 |00:03:51,120 ~-~-> 00:03:55,080 |be looking at projecting swing targets. So let's get started.
	20	+|19 |00:04:00,510 ~-~-> 00:04:11,820 |Okay, guys, we're looking at the euro. This is the daily chart on the fiber. And we draw a few things here on bring your attention to, we have this high here,
	21	+|20 |00:04:12,270 ~-~-> 00:04:24,540 |and this high here. And we're gonna put it right on the highest high this candle. It's roughly 3450. But I want to draw your attention to the bodies of
	22	+|21 |00:04:24,540 ~-~-> 00:04:35,940 |these candles, and the highs of these. Okay, if we draw our little horizontal line down to that, and we're just gonna move around, there you go. See that?
	23	+|22 |00:04:36,240 ~-~-> 00:04:48,060 |3420 3420 is the level essentially that this price was reaching for. Okay, because it's the institutional level we like to follow. Again, it's the figures
	24	+|23 |00:04:48,090 ~-~-> 00:04:59,970 |00 levels, the 20s 50s mid figures in the 80s. Okay, so, we have this level here. 3422. Remember that because we're gonna come back to it in a few moments.
	25	+|24 |00:05:01,470 ~-~-> 00:05:14,340 |But this is what price action was doing prior to the previous release of Episode Four in the series. And we're going to do is we're going to draw a chart into a
	26	+|25 |00:05:14,340 ~-~-> 00:05:30,840 |four hour basis. Again, that 134 20 level, keep that in mind. Okay, we have the four hour chart here, we have Mark structure breaking, here, breaking this high
	27	+|26 |00:05:30,840 ~-~-> 00:05:46,440 |here, coming back down, trading into this previous order block. Okay, and we're going to put a few different order blocks on this chart. Okay, price dips and
	28	+|27 |00:05:46,740 ~-~-> 00:05:58,860 |dips into it rather, right in here. And we also have market structure breaking and confirming even further here with another order blocking here that we will
	29	+|28 |00:05:59,670 ~-~-> 00:06:18,000 |reference. Okay, so again, we have this block and this block. And I'm gonna just change the color of this one just so it can be slightly different or in this
	30	+|29 |00:06:18,000 ~-~-> 00:06:32,550 |case, drastically different. So, we have market structure again, shifted bullish here, the low was maintained here, made a higher high here. So this low is
	31	+|30 |00:06:32,610 ~-~-> 00:06:49,980 |sensitive words, we want to see price anticipate rather price thing above this low. Okay, but let's pour fib across these ranges. Okay, we have the low to high
	32	+|31 |00:06:50,700 ~-~-> 00:07:00,780 |end price going down to the 79 cent tracing level that 134 76 level. So really the 134 80 real handsome area that one could utilize to get long, the fiber
	33	+|32 |00:07:00,780 ~-~-> 00:07:11,010 |really likes the East 20s and 50s. In price did obviously give you an opportunity to be a buyer here. But moving forward. Okay, that's where we're at.
	34	+|33 |00:07:11,010 ~-~-> 00:07:21,240 |Now we're gonna look at examples. Okay, based on the idea what we shared in Part Four. Okay, this was the order block that would have been staring you in the
	35	+|34 |00:07:21,240 ~-~-> 00:07:34,470 |face at the time of the last release of part four of ictc. Scout sniper field training guide. Price comes right down here is the date that the market I'm
	36	+|35 |00:07:34,470 ~-~-> 00:07:50,340 |sorry, the video was released, right in here. And this is where if you look at the swing here, here's the price swing. And yeah, that's a nice attrition level
	37	+|36 |00:07:50,370 ~-~-> 00:08:00,900 |right in here. Okay. And price trades down gives you a nice hammer See that? That's a very nice confirmation in terms of candlestick patterns, okay, just
	38	+|37 |00:08:00,900 ~-~-> 00:08:08,280 |counseling alone means nothing. But when you have this couple with an order block, it dips into right here, I guess it'd be a little bit more helpful if I
	39	+|38 |00:08:09,090 ~-~-> 00:08:22,740 |do that over here for you to illustrate what specifically I'm referring to. And also, let's go back to that 134 20 level. Okay, I'm just gonna squeeze this
	40	+|39 |00:08:22,740 ~-~-> 00:08:43,080 |chart up a little bit. Because we need to reference a level that's outside of the view. Okay, here's that 134 20 level. Alright. And again, we're referencing
	41	+|40 |00:08:43,620 ~-~-> 00:08:59,850 |this old high. Okay, so let's go back to that chart. And we're going to use our fib from that level up to this price point right there. Okay,
	42	+|41 |00:09:00,330 ~-~-> 00:09:10,890 |so we have the 62% retracement level coming in there and that 134 74 level. Okay. So by itself between here and here, this is an area where we could
	43	+|42 |00:09:10,890 ~-~-> 00:09:29,910 |reasonably expect to see price bounce if we're using that range. Okay. And the 134 50 level here. Let's draw our fib from that reference point.
	44	+|43 |00:09:35,430 ~-~-> 00:09:49,200 |And we have price moving within the optimal trade ins for trading right down to that sweet spot. Market doing it with the mouse price trades up.
	45	+|44 |00:09:54,539 ~-~-> 00:10:05,699 |Okay, and so we had one optimal trade entry in here. Price rallies up we have another one block right in here, john this kind of borrow this range
	46	+|45 |00:10:11,940 ~-~-> 00:10:29,580 |of price and dips down into that could be a buyer again. Okay, again, this is for our chart. Okay, so 134 94 130 508 the range in between here is a nice level
	47	+|46 |00:10:29,580 ~-~-> 00:10:41,610 |to anticipate a possible Buying Opportunity should price get back down into this order block and the fibs price trades right down to that 62% tray. So I'm
	48	+|47 |00:10:41,610 ~-~-> 00:10:55,410 |reading here, I like these two candles like that it's the nicest tweezers. Price comes straight down again, dips right down to that 135 almost the 135 figure,
	49	+|48 |00:10:55,440 ~-~-> 00:11:14,670 |big figure and rise up aggressively. And you can see we moved up pretty handsomely because you have a few opportunities in here where it was obvious
	50	+|49 |00:11:14,670 ~-~-> 00:11:25,740 |that you know, the higher prices that we're calling these are the setups that were available to you. And ultimately price did trade lower here we broke a
	51	+|50 |00:11:26,970 ~-~-> 00:11:39,360 |significant low and let's look at that for a moment because I was asked in Twitter to give an example of bearish environment where you could use this
	52	+|51 |00:11:39,360 ~-~-> 00:11:49,500 |information. So we have the bullish candle prior to move down okay inside of this area here, because this big candle institutions were selling into that.
	53	+|52 |00:11:50,220 ~-~-> 00:12:03,390 |Okay, and market rally I'm sorry, declined. And what you want to do is you want to see price try to trade right back up into that level that waterblock and
	54	+|53 |00:12:05,490 ~-~-> 00:12:26,250 |let's use price points 136 swing institutional, which is essentially in the area of this candle, we could use 136 figure but it's very close to the level here.
	55	+|54 |00:12:26,250 ~-~-> 00:12:40,890 |So I want to be outside of the range with the expectation that this this market may in fact rollover. Okay, I'm using the lowest low here, okay, prior to that
	56	+|55 |00:12:41,760 ~-~-> 00:12:52,260 |136 20 so the range is between this low and the institutional level which is essentially where this is keying off of. And if price gets up into these levels
	57	+|56 |00:12:52,260 ~-~-> 00:13:05,340 |here, we could be a seller and you see that happening right there. Okay, notice that we dipped above this level. So we went back inside of the order block here
	58	+|57 |00:13:06,270 ~-~-> 00:13:12,840 |and we had a nice awful trade entry boom. Okay. If you want to go to the basic ot
	59	+|58 |00:13:24,090 ~-~-> 00:13:38,070 |can use this swing high and this swing high okay, but I'm gonna show you the highest high down to that low Okay, we got just a equilibrium point. Okay,
	60	+|59 |00:13:38,100 ~-~-> 00:13:54,180 |what's really isn't beneficial to me ever use this swing I hear he banged up into that 62% retracement level and still inside the order block but notice the
	61	+|60 |00:13:54,180 ~-~-> 00:14:06,630 |candles were unable to have any of their bodies within that realm. It's only the the wicks and then it was rejected and traded off. And we had obviously another
	62	+|61 |00:14:06,630 ~-~-> 00:14:10,590 |retracement to get the fib off.
	63	+|62 |00:14:16,950 ~-~-> 00:14:19,800 |Okay, we have an order block here.
	64	+|63 |00:14:25,500 ~-~-> 00:14:41,010 |Okay, price slipped lower. It's trades back up into this area or a little bit higher. We could look for a sell and prosecution option in trading trades right
	65	+|64 |00:14:41,010 ~-~-> 00:14:55,950 |in here. But where's it go right back into an old one Herbalife sent it higher here. And this is where we're trading at now. Okay. So, again, that's the fiber
	66	+|65 |00:14:56,490 ~-~-> 00:15:15,420 |and if you go back Get out. And we're gonna look at this, this particular order block here, and this occurred on the 30th. So the day of the release of the, the
	67	+|66 |00:15:15,930 ~-~-> 00:15:29,880 |episode four, okay, this, this broke out sort of moving higher, and price moving back into this waterblock here would be indicative of a buy opportunity. So
	68	+|67 |00:15:29,880 ~-~-> 00:15:47,580 |we're gonna look at how price dipped into it here on the second of October. And we're going to just take this old thing here and drop it right on here. And it
	69	+|68 |00:15:47,580 ~-~-> 00:16:03,270 |should when we go down to a five minute chart should drop us into the New York session. Wallah. There we go. So, price drops down into it here. Right there,
	70	+|69 |00:16:03,480 ~-~-> 00:16:16,350 |and you get that explosive rally up. Do you think institutions were behind that move? Or I think it was Joe public. Clearly, institutions, okay. And obviously,
	71	+|70 |00:16:16,350 ~-~-> 00:16:34,230 |you can see our price rolled on higher. And the exercises that you were instructed to do, were to utilize these concepts and move forward. And you judge
	72	+|71 |00:16:34,290 ~-~-> 00:16:45,690 |whether or not they're useful to you, I can assure you, if you spend some time with it, you're going to find that it's hard pressed to find something is more
	73	+|72 |00:16:45,690 ~-~-> 00:17:04,620 |accurate than what's being shared in this video series because it doesn't exist anywhere else. And if I didn't make money with it, I could sell the concepts and
	74	+|73 |00:17:04,620 ~-~-> 00:17:17,280 |try to build a service system around it. But I'm not interested in doing it, I make a lot more money actually utilizing it. So it's obviously something that
	75	+|74 |00:17:17,280 ~-~-> 00:17:29,430 |you can learn on your own. And it's not just this pair, okay. It's not just the cable. Okay, British Pound USD, not the pairs that ICT likes, it's, it's
	76	+|75 |00:17:29,430 ~-~-> 00:17:38,340 |universal. And because it is universal, and you can use it in other pairs. And we're gonna take a look at that now with two of the weirdest pairs in the ICT
	77	+|76 |00:17:38,340 ~-~-> 00:17:47,040 |repertoire. But we're gonna be taking a look at the Canadian dollar and Japanese yen. I know you're scratching your head thinking what is that? And then the
	78	+|77 |00:17:47,040 ~-~-> 00:17:56,490 |Australian Japanese yen. Okay, so take a look at those now. Okay, folks, we're looking at a pair that I never trade. But I just want to give you these examples
	79	+|78 |00:17:56,850 ~-~-> 00:18:09,600 |to kind of frame the universal application of these concepts. And really communicate that that's not limited just to the fiber and cable, which is mean
	80	+|79 |00:18:09,600 ~-~-> 00:18:19,710 |predominantly my, my pet pairs in the Forex market. I like to stay within the majors. But if you are just really one of those types of traders, where you just
	81	+|80 |00:18:19,710 ~-~-> 00:18:30,990 |have to be trading these exotic pairs. Well, I mean, it still works, but I just simply don't trade it myself. Okay, so we're gonna look at this example is the
	82	+|81 |00:18:30,990 ~-~-> 00:18:42,000 |four hour chart on the Canadian dollar in Japanese yen pair. And I generally don't like to trade in pairs. But you know, again, just to illustrate the the
	83	+|82 |00:18:42,000 ~-~-> 00:18:53,580 |effectiveness of the tools, I want to draw your attention to the fact that we had this nice rally up, can we have this really, really rapid increase in price
	84	+|83 |00:18:54,270 ~-~-> 00:19:05,040 |about 500 pips or more, between the low here in August, the high formed late in September. And I want to draw your attention to the fact that we had a few areas
	85	+|84 |00:19:05,040 ~-~-> 00:19:15,810 |of where price could reasonably expect to see a bounce. You see this consolidation in here, and we had a consolidation here as well.
	86	+|85 |00:19:17,100 ~-~-> 00:19:25,500 |Notice they're accumulating around old highs and lows here to the left side of your chart. Let me draw your attention specifically to this one right here.
	87	+|86 |00:19:25,680 ~-~-> 00:19:36,180 |Okay, this is a down candle within this consolidation prior to move out of this consolidation, otherwise, we're going to use in the high that candle as the
	88	+|87 |00:19:36,450 ~-~-> 00:19:48,990 |beginning point of where a institutional order block may reside. Okay. And there's a few things that we could be utilizing in this setup. We could be
	89	+|88 |00:19:49,620 ~-~-> 00:20:04,800 |referring to this swing low here, prior to this rally up. Okay, and we're going to use the highest Hi, which is this one right here. Okay, notice we have a 62%
	90	+|89 |00:20:05,430 ~-~-> 00:20:17,190 |optimal trade entry overlay right here. Okay? See how that's very close to proximity of that 9460, we got 9465, there's only a variance of five pips.
	91	+|90 |00:20:17,610 ~-~-> 00:20:33,660 |Nothing wrong with that. Okay, so anywhere between the 9465 9460, maybe even 55 level to allow for some slippage. To allow those orders to be pinged, we could
	92	+|91 |00:20:33,660 ~-~-> 00:20:48,930 |see a nice little bounce in here, okay, and another area where we have consolidation which is in here, okay, prior to the rally up out of that
	93	+|92 |00:20:48,930 ~-~-> 00:21:01,320 |consolidation, the down candle prior to the move is right in here. Okay, so we're gonna use the high that candle right in there. Okay, and if price trades
	94	+|93 |00:21:01,320 ~-~-> 00:21:12,660 |the lower in much deeper into that price swing, okay, we could use this low to this high because we're looking at the range between the low here and the high
	95	+|94 |00:21:12,660 ~-~-> 00:21:24,570 |here much in the same way we did this low to this high. Okay. Notice we have the 79 cent tradesmen level laying right on that same order block. Okay, so if the
	96	+|95 |00:21:24,570 ~-~-> 00:21:36,870 |optimal trade entry sees price country down into these levels here, that could be a favorable area to be anticipating a bounce as well. Now, again, all these
	97	+|96 |00:21:36,870 ~-~-> 00:21:49,410 |levels, do our highlight areas where on a smaller time frame, price entry patterns, formulate, okay, or come to fruition. And since we're teaching the
	98	+|97 |00:21:49,410 ~-~-> 00:21:59,550 |optimal trade entry, which is the retracement inside of a price swing between the 62 and seven that's at tracing level. We would like to see a price pattern
	99	+|98 |00:21:59,700 ~-~-> 00:22:12,480 |in the same capacity in a fractal nature on a smaller timeframe, ie five minute 15 minute. Okay, so with that said, let's take a look at what transpired. Okay,
	100	+|99 |00:22:12,480 ~-~-> 00:22:21,570 |the first one we're gonna look at is here. And here. The second one, okay, as price moves along. Notice how price came right down to that level right there.
	101	+|100 |00:22:21,990 ~-~-> 00:22:38,550 |Okay. And bounced up just in that little bounce right there. We're looking at a potential for price move of 100 pips. Okay, now if you can see that. The middle
	102	+|101 |00:22:38,550 ~-~-> 00:22:49,740 |number here, it's 100 pips. Nothing wrong with that. Okay, and that's intraday. Again, each one of these candles represents a four hour time period. Okay, price
	103	+|102 |00:22:49,740 ~-~-> 00:23:00,780 |and variably goes lower trades in the direction of the higher timeframe. retracement. Okay. And as price moves around, comes back up finds some
	104	+|103 |00:23:00,780 ~-~-> 00:23:13,350 |resistance that same level twice, and it moves down to what level that 9337 Okay, 9337. So we came right back down to this point of origin, where this
	105	+|104 |00:23:13,350 ~-~-> 00:23:29,130 |initial price move originated. Okay, price comes down, steps through it, pinging any orders that would have been around that 9335 to 9340 level. Okay, and price
	106	+|105 |00:23:29,430 ~-~-> 00:23:42,600 |proceeds to move up into present market. If you look at where we moved from this level here, up to the high Now again, as the best case scenario, that's 180 plus
	107	+|106 |00:23:42,600 ~-~-> 00:23:56,250 |pips. Okay, just trading that bounce right here. Now what we're gonna do is we're going to break that down, in zoom in into both of those areas to highlight
	108	+|107 |00:23:57,210 ~-~-> 00:24:09,720 |where price may have, because we don't know I'm looking at these examples the first time so I may be encountered with an opportunity that wasn't there. Okay.
	109	+|108 |00:24:10,380 ~-~-> 00:24:12,930 |But for now, we're just gonna take a look at this here.
	110	+|109 |00:24:13,950 ~-~-> 00:24:22,290 |And when price trades down into these levels here, we want to be looking for an optimal trade entry to key off of on a lower timeframe. Okay, so we're going to
	111	+|110 |00:24:22,290 ~-~-> 00:24:30,210 |do that now. Okay, we're zoomed in on the Canadian dollar Japanese yen pair to a five minute chart and this is the first of the higher most price levels that
	112	+|111 |00:24:30,210 ~-~-> 00:24:42,540 |we're looking at on the four hour chart. And this is the day that the last video of this series was recorded and posted on YouTube as of September 30. And we're
	113	+|112 |00:24:42,570 ~-~-> 00:24:55,920 |moving down inside of this four hour order block, delineating with this blue level in here. Okay. And when we look for specific price patterns, okay, there's
	114	+|113 |00:24:55,920 ~-~-> 00:25:03,480 |a couple things we got to go back to remember we're in the fifth part of this series but it's not that you're supposed to forget everything we learned and
	115	+|114 |00:25:03,480 ~-~-> 00:25:13,440 |covered in the previous videos, we're going to now go back throughout the first four videos and pull out some of the gems that you should have been gleaning and
	116	+|115 |00:25:13,440 ~-~-> 00:25:23,070 |keeping track of on your little notepad. And hopefully you can start seeing these things start synergizing. Okay, when we see an order block like this,
	117	+|116 |00:25:23,160 ~-~-> 00:25:33,330 |okay, much like a higher level timeframe, key support resistance level, we are to calibrate them. Okay, this level here at 9460s already calibrated to a small
	118	+|117 |00:25:33,330 ~-~-> 00:25:45,990 |round number. But now think in terms of big round numbers. Okay, we have the 9480 level, institutional up here. Okay, so that's one level that we considered.
	119	+|118 |00:25:46,260 ~-~-> 00:25:59,820 |Okay, what we're gonna do is we're gonna draw a line on that. Okay, so that may be one of interest. And we have one here, this just a little bit outside of the
	120	+|119 |00:25:59,820 ~-~-> 00:26:10,080 |candle, but you still have to consider because of static alone, okay? Just the normal volatility in the marketplace. If it goes to 9460. Okay, and your block
	121	+|120 |00:26:10,080 ~-~-> 00:26:22,320 |dips below that, chances are, it could utilize the 9450 level, the big figure halfway part nords. It's a mid figure. So what we're going to do is we're going
	122	+|121 |00:26:22,320 ~-~-> 00:26:40,080 |to have our chart, and I'm going to highlight that level here. Okay, now, if you refer back to the previous videos, okay, you're gonna remember this term,
	123	+|122 |00:26:40,500 ~-~-> 00:26:51,930 |hidden, optimal trade entry. Okay? Remember, support and resistance, if it's good, it won't go down to the level twice, okay. In other words, it will be
	124	+|123 |00:26:51,930 ~-~-> 00:27:02,310 |accumulated. And then it won't go back and dip down further, that's the premise between optimal trade entry. Well, sometimes we don't necessarily have a
	125	+|124 |00:27:02,970 ~-~-> 00:27:13,890 |specific price action onwards, there's a gap between the 50 level, and we're prices trading in here. Okay? Now, remember, gaps don't always have to be
	126	+|125 |00:27:13,890 ~-~-> 00:27:23,460 |filled. And that notion is one of the central tenants to this pattern. And this is one of the applications you can utilize for. So we're going to do is we're
	127	+|126 |00:27:23,460 ~-~-> 00:27:34,050 |going to have our Fibonacci tool, okay. And our point or reference here is this is the highest high at the time, okay, going into this order block, and we're
	128	+|127 |00:27:34,050 ~-~-> 00:27:45,180 |going to reference this 9450 level, okay? And you pull this up, and what you're looking for is you're going to drop it right on the highest high, like that. So
	129	+|128 |00:27:45,180 ~-~-> 00:27:55,080 |you anchored your 100 level, to the 9450, mid figure point, okay. And that's going to give you a range between the mid figure and the highest high in here.
	130	+|129 |00:27:55,590 ~-~-> 00:28:06,000 |Okay, now, if price is accumulating in here, now, you are not going to see this silly Fibonacci tool application anywhere else. This is completely and utterly
	131	+|130 |00:28:06,030 ~-~-> 00:28:17,940 |unique to me. Okay, now, I catch a lot of flack for this thing but also catch a whole lot of incredible entry points. And I trades that support it and results
	132	+|131 |00:28:17,940 ~-~-> 00:28:27,210 |that reflect it So bottom line is is it's going to take a knack for you to learn to trust this Okay, in the only way you do it, is if you play around with it,
	133	+|132 |00:28:27,240 ~-~-> 00:28:36,810 |and you do your own research on this pattern, okay? But it's still an optimal trade entry. It's a retracement within a range. Now its price is not traded down
	134	+|133 |00:28:36,810 ~-~-> 00:28:49,350 |to this point yet. Okay? But because there's psychological barriers okay in price we have to consider it okay and the way I use it is like this, okay. So if
	135	+|134 |00:28:49,350 ~-~-> 00:29:01,830 |price trades down to the 9474 level 9469 or 9463 that would constitute an optimal trade entry. Okay, within the order block with the understanding and
	136	+|135 |00:29:01,830 ~-~-> 00:29:04,710 |premise that it may not get down to 9460
	137	+|136 |00:29:05,430 ~-~-> 00:29:15,750 |or to 9450 Okay, or very well may just trade through and spike even lower and not even give me a pattern at all. Okay, but we have considered this is a range
	138	+|137 |00:29:16,080 ~-~-> 00:29:28,650 |even though price has not traded to it as of yet or if at all. We still consider that because it's a probable range within where price may have a bounce. Okay.
	139	+|138 |00:29:29,220 ~-~-> 00:29:40,560 |And I'll give you more examples in this series, but for now, let's just work with this one. And as price moves down into this level, okay, price goes just a
	140	+|139 |00:29:40,560 ~-~-> 00:29:59,100 |little bit through the 79% retracement level doesn't get to the 9460 here. Price begins to rally off. It takes off. Okay, and there is approximately 100 pips in
	141	+|140 |00:29:59,100 ~-~-> 00:30:12,600 |price swing rating. Here, okay, so you're finding the range, where price may produce a move of sorts, but it's going to elude you, if you're just looking for
	142	+|141 |00:30:12,600 ~-~-> 00:30:22,140 |simple things like this, like, here's a low to this high. If price retraces down to a range between this low and this high, that's basic price retracements. This
	143	+|142 |00:30:22,140 ~-~-> 00:30:35,370 |is higher class, different level type Fibonacci stuff. And again, I didn't learn it anywhere, except for in the charts, just you just referencing the mid levels,
	144	+|143 |00:30:35,490 ~-~-> 00:30:44,400 |the 50 levels, the 100 levels, okay, it's applicable with the institutional levels as well. But when it's traded, like this application, I use really just
	145	+|144 |00:30:44,400 ~-~-> 00:30:53,580 |the full figure and mid figure levels, okay, because if the order block is like this, and it's round that 50 level, I'm going to be hunting, a setup similar to
	146	+|145 |00:30:53,580 ~-~-> 00:31:05,730 |this. Okay? This is, again, a pair, I don't trade. But you can still utilize this, this application, any pair of your choice, but again, because I know this
	147	+|146 |00:31:05,730 ~-~-> 00:31:17,760 |is probably one of our a lot of your heads. And I don't mean to be a braggart. But we're gonna go through the process one more time and explain what again, I'm
	148	+|147 |00:31:17,760 ~-~-> 00:31:29,790 |doing. Price is trading around into an area where an order block on a higher level timeframe suggests that we may see a bounce, okay? We are trading near a
	149	+|148 |00:31:29,790 ~-~-> 00:31:43,110 |mid figure level, okay. And the range on the for our order block suggests that price may dip down into at least that 9455 level and below it. Now, if it's
	150	+|149 |00:31:43,110 ~-~-> 00:31:52,830 |going to go there, it very well may go to the 9450 level, it doesn't have to. Okay, in fact, I'd rather see it not doing okay. And that's, that's what this
	151	+|150 |00:31:52,860 ~-~-> 00:32:02,340 |pattern hinges on. Okay. So what we do is, again, once we anchor an area where we can clearly identify, you could do a horizontal line here, I just use this
	152	+|151 |00:32:02,550 ~-~-> 00:32:14,460 |because it's cleaner compared to the two lines we already had on the chart. But you just take your crosshairs on the little marker here. You anchor it there,
	153	+|152 |00:32:14,700 ~-~-> 00:32:28,350 |you pull up to the highest high traded during that consolidation. Okay. And as price price trades down into it, it'll reach into this range. Okay. And I know
	154	+|153 |00:32:28,350 ~-~-> 00:32:37,350 |it sounds like Voodoo. Okay, but I'm gonna tell you right now, I've blown people away with this pattern over and over and over again. And once you identify how
	155	+|154 |00:32:37,350 ~-~-> 00:32:47,310 |to use it, it's, it's crazy. It's It's insane how very accurate is. And it's nowhere in any books, it's nowhere in any video courses. I wish I could just
	156	+|155 |00:32:47,310 ~-~-> 00:32:55,200 |simply say, hey, look, here's another reference source, you can go to and study it, but it's really unique to ICT. So, again, it's one of those things where,
	157	+|156 |00:32:55,230 ~-~-> 00:33:03,000 |you know, whether you like it or don't like it, you know, the bottom line is, is I use it, it works. It's It's It's a pattern that I I trade all the time, it's
	158	+|157 |00:33:03,000 ~-~-> 00:33:15,060 |again, it's the hidden optimal trade entry. I mean, it's based upon using support resistance levels as your anchor points. Okay, not necessarily a key
	159	+|158 |00:33:15,300 ~-~-> 00:33:26,940 |swing high or low. an anchor point referenced around price levels itself at being the mid figure in this case, or a big figure. Okay. So now let's move on
	160	+|159 |00:33:26,940 ~-~-> 00:33:43,020 |and take a look at Okay, we are at the second of the four hour winter block potential areas on that Canadian Japanese yen pair. Okay, and we have this range
	161	+|160 |00:33:43,020 ~-~-> 00:33:51,510 |here we have the price bouncing off it initially rallying up and then starting to come back down. Now, again, you could do a few things here, you could use
	162	+|161 |00:33:51,510 ~-~-> 00:34:02,640 |your basic optimal trade entry, which is pulling a low to a high and if price trades down to these levels in here, okay. 9350 is a good area in here because
	163	+|162 |00:34:02,640 ~-~-> 00:34:04,800 |it's around that big, sorry, mid figure level.
	164	+|163 |00:34:05,400 ~-~-> 00:34:22,650 |Okay, but draw your attention back to that for our order block. Okay. This this level here is 9337. Okay. 9337. Where is that in terms of institutional levels
	165	+|164 |00:34:22,710 ~-~-> 00:34:34,350 |and big figures and mid figures? Okay. Notice that we have the mid figure up here. Okay. So if I use that reference point,
	166	+|165 |00:34:40,440 ~-~-> 00:34:51,510 |okay, we have that. Now, if you draw the fib with that point, like we just did on the previous example. This is what you arrive at. Okay. Let me get that
	167	+|166 |00:34:51,840 ~-~-> 00:35:06,060 |belongs. Okay. So, we're finding the range between the mid figure nine 350 and this high okay. He had 9366 and nine 359, which is essentially 9360. Round
	168	+|167 |00:35:06,060 ~-~-> 00:35:20,880 |number. Okay. Which is it's possible it means it's possible, you may see a little bounce in here. Okay. But is it near the order block? No. Okay. So I
	169	+|168 |00:35:20,880 ~-~-> 00:35:37,260 |would reference really, let's take this fib off. Okay, you can go down to the 9320 level. Okay? Because there's your institutional level, now we're going to
	170	+|169 |00:35:37,260 ~-~-> 00:35:47,730 |use an application of the optimal trade entry. Based on the psychological level or institutional I we like to use the 20 level. Okay, hit normal trade entry.
	171	+|170 |00:35:47,730 ~-~-> 00:35:55,620 |Again, using the range between that level again, we don't know if it's going to trade down to that level. In fact, we're hoping that it doesn't. But we have a
	172	+|171 |00:35:55,620 ~-~-> 00:36:06,300 |range of so nice, that tracing level comes in at 9336 with a range 293 48. So anywhere in here, once we trade down to that level, again, this was this is
	173	+|172 |00:36:06,300 ~-~-> 00:36:17,550 |fairly handsome. I mean, there was an opportunity in here to be a buyer. Okay, between 9348 and 9335. Okay, if price trades right down there, that would
	174	+|173 |00:36:17,550 ~-~-> 00:36:29,490 |constitute enough for me to take a buy signal. Okay. Price trades down. deviates. So now it's at tracing level, just a little bit in here. Okay, and
	175	+|174 |00:36:29,490 ~-~-> 00:36:30,570 |rallies on up.
	176	+|175 |00:36:35,610 ~-~-> 00:36:47,730 |Finally breaks through the old market structure high in here. You can see it trades on up to our previous levels we had noted on the earlier example, and
	177	+|176 |00:36:47,730 ~-~-> 00:36:58,170 |then finally through it, and in today, it's monkeying around finding support. Let's go back to this point here. Okay, cuz I want to show you how, even if you
	178	+|177 |00:36:58,170 ~-~-> 00:37:11,550 |were not using the institutional levels, okay, and you were going to reference, say, the big figure. In this example, I'm going to pull it down to the 93
	179	+|178 |00:37:11,550 ~-~-> 00:37:22,410 |figure. Okay, and we're going to grab that 100 level, and we're going to anchor it right to that. Now, what we're doing is, again, we're looking at the range
	180	+|179 |00:37:22,410 ~-~-> 00:37:31,710 |between the highest high here as it's dipping down in that order block, we don't expect it to get to nine 300. Because the order blocks up here, okay. But we
	181	+|180 |00:37:31,710 ~-~-> 00:37:40,950 |also have price coming right down into and it's a little difficult to see, let me take this horizontal line off. We already know what that is anyway, so taking
	182	+|181 |00:37:40,950 ~-~-> 00:37:52,710 |an office should not be far off. Confusion for you, price comes right into that 62% retracement level, okay, and turns on a dime. And you get that same turns at
	183	+|182 |00:37:52,740 ~-~-> 00:38:04,050 |either or would have been applicable for you here. And it would have give you a dynamite entry point where you've really zeroed in much in the same way a sniper
	184	+|183 |00:38:04,050 ~-~-> 00:38:15,630 |does with his scope, he zooms in and gets the kill shot here. Now, again, assuming that you don't have this under your belt yet, okay? assume you don't
	185	+|184 |00:38:15,630 ~-~-> 00:38:22,350 |have that. And it's, it's not thing that you need to be ashamed of, if you don't have it yet, because it's going to take a little time for you to trust this.
	186	+|185 |00:38:22,710 ~-~-> 00:38:33,510 |Okay. So again, you're gonna have to do this on a daily basis, go through your charts every single day, doing the five minute chart, 15 minute chart, an hourly
	187	+|186 |00:38:33,510 ~-~-> 00:38:44,070 |chart, and look at how price is trading around these big figures, institutional levels, okay, and you're looking for price within that range from those levels,
	188	+|187 |00:38:44,310 ~-~-> 00:38:59,790 |to where prices traded at at highest high and lowest low, and the same examples that we just showed here. Now, let's look at how price could be utilized. Skip
	189	+|188 |00:38:59,790 ~-~-> 00:39:20,880 |this fib off. I'm going to show you how you can use it here and sync capacity. We're gonna highlight the 50 level here. Let's put that everywhere. I can see
	190	+|189 |00:39:20,880 ~-~-> 00:39:33,270 |it. Can't read it here. And here's how we have price rally up down here. If you take your fib again, anchor it right on that level, you're going to pull it up
	191	+|190 |00:39:33,270 ~-~-> 00:39:43,620 |to the highest high here. If price retraces down into that 79 to 62% retracement level right in here. Because we're moving out of the order block. This would be
	192	+|191 |00:39:43,620 ~-~-> 00:39:53,400 |an opportunity for you to get in sync with the market move and catch you the underlying trend of the marketplace using that same premise. And the idea is we
	193	+|192 |00:39:53,400 ~-~-> 00:40:05,940 |moved away from the 50 year, okay, and we made a high Okay, we're above that big Mid figure level price should not come back down to that level. But we have a
	194	+|193 |00:40:05,940 ~-~-> 00:40:15,360 |range between the 50 and the highest high here as price dips down into that. Right there's an opportunity to be a buyer and get in sync with the overall
	195	+|194 |00:40:15,630 ~-~-> 00:40:34,740 |existing trend. Okay See that? Okay, we're looking at the Australian dollar and Japanese yen continuing with the theme of looking at pairs that are outside of
	196	+|195 |00:40:34,740 ~-~-> 00:40:46,590 |the ICT normal spectrum, okay and considered an exotic pair if you will. This trade and here is one I took on a Live account you can see the results of that
	197	+|196 |00:40:46,590 ~-~-> 00:41:01,290 |on Twitter and you can find the link on the YouTube channel where it shows the results of it. And this price swing here I tweeted asking everyone that were
	198	+|197 |00:41:02,010 ~-~-> 00:41:20,040 |interested that if they would study this you could see where we were moving back into anticipated level of for our not sorry for our potential order block
	199	+|198 |00:41:20,550 ~-~-> 00:41:34,830 |institutional. So as price moved lower shady right into that area right here. Okay. Now we have this price swing here and retracement. So if you take the
	200	+|199 |00:41:37,020 ~-~-> 00:41:50,250 |range from here this low to this high Z price right here to 7/9 retracement level. And we dipped right inside that existing order blocks we have a range
	201	+|200 |00:41:50,250 ~-~-> 00:42:01,860 |between 9123 and 9127. And here's a little difficult to see. I'm moving a little bit you can see that's the number was at so we're talking about an area in terms
	202	+|201 |00:42:01,860 ~-~-> 00:42:13,830 |of four pips. Okay, variance. So this point here and here. It's about five pips difference. So buying really at the 79 cent tracing level plus the spread. Okay,
	203	+|202 |00:42:13,860 ~-~-> 00:42:30,930 |we are still within very handsome. we're only talking about 14 pips. Okay, so your trade should be allowing you at least 14 pips, you know, movement, but
	204	+|203 |00:42:31,140 ~-~-> 00:42:42,000 |that's for another video we're going to get to in terms of stop losses and such but catching along in here. Okay, price rallies on up, starts to move higher.
	205	+|204 |00:42:43,500 ~-~-> 00:43:05,370 |Okay, and then we have a nother area. Okay, just keep a reference point at this point here. Right there. Probably make it bigger. All right. So this is our
	206	+|205 |00:43:05,370 ~-~-> 00:43:15,330 |reference point for the entry. Okay, well, longer term, price swing. So moving, moving higher, we have another order block, okay, because we have a
	207	+|206 |00:43:15,330 ~-~-> 00:43:31,230 |consolidation in here. Okay, we have this candle right there, this whole candle. So we're gonna look at that area. Okay, and we're gonna reference this little
	208	+|207 |00:43:32,280 ~-~-> 00:43:44,490 |segment in price. Okay, and we're gonna use the high end of it as our beginning point, and we're not going to buffer the lower end, but we're going to be very
	209	+|208 |00:43:44,490 ~-~-> 00:43:57,960 |sensitive at 9158, which is essentially what level guys 9160. Okay. So, again, price maneuvers around a little bit, trades in continuously higher trades right
	210	+|209 |00:43:57,960 ~-~-> 00:44:07,350 |down into that level. Okay, see, that slams right down into that. Now traders watching this that are not familiar with price action and institutional order
	211	+|210 |00:44:07,350 ~-~-> 00:44:16,560 |flow and how prices move within specific defined ranges, they will be pretty much scared out of their mind, he would never even consider looking at that as a
	212	+|211 |00:44:16,560 ~-~-> 00:44:27,000 |buying opportunity. Okay, but let's go back over and look at some central tenants that we use in our concepts. We have a range low here to here. Okay, so
	213	+|212 |00:44:27,000 ~-~-> 00:44:38,880 |we're trading with a fulfilled range, premise in mind. Okay, so we have an area of 9159 with a 9158. Okay, so we have one PIP variance. Do you think that's a
	214	+|213 |00:44:38,880 ~-~-> 00:44:48,090 |confluence of support resistance ideas suggested right there. Sure. Okay. So we could be a buyer right in here. Okay, at that level plus the spread in terms of
	215	+|214 |00:44:48,090 ~-~-> 00:45:03,840 |you want to be a using a pending order for the limit. But let's reference. Let's get that off. We don't need it. Let's reference our previous example. Okay,
	216	+|215 |00:45:03,840 ~-~-> 00:45:17,820 |where we used the support resistance idea and Fibonacci concepts for hidden optimal trade entry. Okay, so we have price rallying up here. Okay. And we have
	217	+|216 |00:45:17,820 ~-~-> 00:45:29,310 |the 50 level, which is down here. And we have what institutional level below that to 20. Okay, so we're going to look at two reference points there. So we're
	218	+|217 |00:45:29,310 ~-~-> 00:45:40,140 |just going to be building upon our understanding of how to find the range. Okay, we have 9120
	219	+|218 |00:45:46,080 ~-~-> 00:46:00,540 |and 9150. Okay, so we're gonna use our fib. We're gonna start with the lowest one here, just to give you an idea to the highest high prior to it. Okay, and
	220	+|219 |00:46:00,540 ~-~-> 00:46:11,010 |you can see how the 62% retracement level calls for 9155 Okay, so if you're buying with three pips, I'm sorry, not three pips at a four PIP spread on the
	221	+|220 |00:46:11,040 ~-~-> 00:46:29,580 |Aussie yen. You can get long in here. If you were utilizing the 9150 level, okay, are calling for 9160 threes are sitting on centration level, and your
	222	+|221 |00:46:29,580 ~-~-> 00:46:40,830 |sweet spot comes in in 9168 in here, okay, so anywhere in here would be a nice buy. And assume for a moment you use that one. And you're just looking for the
	223	+|222 |00:46:40,830 ~-~-> 00:46:53,280 |sweet spot at your actual entry point. To this old low we're looking at 23 pips. Okay 23 pips risk with the understanding and expectation, that price should not
	224	+|223 |00:46:53,610 ~-~-> 00:47:02,010 |go down to that point. If it does, it's probably not a good trade, you won't be confused if it does and stops you out, though. Okay to understand that, if price
	225	+|224 |00:47:02,040 ~-~-> 00:47:12,090 |goes to this low, the overall market structure that is implied here is being bullish, isn't so bullish, and you'll probably see weaker prices. But in this
	226	+|225 |00:47:12,090 ~-~-> 00:47:22,050 |case, we're we're building a premise that this is an area of expected buying opportunity with the actual release in price here, okay. Again, public traders
	227	+|226 |00:47:22,050 ~-~-> 00:47:31,950 |don't make price move like this, okay, designed to be done by institutional traders that are going to drive it up like that. Price monkeys around. And
	228	+|227 |00:47:31,950 ~-~-> 00:47:43,950 |again, this is a 15 minute time frame, so you can utilize a smaller five minute basis. Take this off, okay. So you can have price bouncing here. If you drill
	229	+|228 |00:47:43,950 ~-~-> 00:47:52,140 |down to a five minute chart, you can actually see that same event unfolding right here. Okay, within optimal trade entry, which we're not going to go down
	230	+|229 |00:47:52,140 ~-~-> 00:48:05,280 |to a five minute chart because, again, these videos are getting larger. By the time I'm done, I end up with a huge you can see it goes right down to that
	231	+|230 |00:48:06,810 ~-~-> 00:48:08,040 |satellites and treatment level.
	232	+|231 |00:48:15,179 ~-~-> 00:48:30,599 |Okay. Now Now let's zoom in, I want to I want to give you that as an example, right in here. This is that same little consolidation we just worked within.
	233	+|232 |00:48:33,029 ~-~-> 00:48:51,359 |Let's use our reference point 9150 again, Okay, number two, this is an unfulfilled range application. Okay, so we're have 250 level. Put our fib on
	234	+|233 |00:48:51,359 ~-~-> 00:49:03,089 |that anchor it pulled up to highest high that we're seeing a retracement within. Okay, and then as price comes back down 9160 level plus the four pips spread,
	235	+|234 |00:49:03,629 ~-~-> 00:49:16,349 |that would be an area to be a buyer, which would be up in here. And you can see price did in fact, move on from there. Again, just giving you additional
	236	+|235 |00:49:16,679 ~-~-> 00:49:26,549 |opportunities to see this effect. And again, this is a smaller little look at a five minute chart you can actually see the order flow and what are blocking
	237	+|236 |00:49:26,549 ~-~-> 00:49:35,669 |here, but this candle prior to move up. It moved back into the thinking here prior to moving higher, much the same way did here. We have this bearish candle
	238	+|237 |00:49:35,669 ~-~-> 00:49:46,409 |prior to move out, got into a five minute time frame, you can see our price moved back into that order block here and moved higher. Okay, and zoom out.
	239	+|238 |00:49:48,059 ~-~-> 00:49:56,699 |Let's go back to our reference points of entry. We have this one here. And this one here.
	240	+|239 |00:50:01,860 ~-~-> 00:50:07,560 |Okay, and now we have another opportunity to see
	241	+|240 |00:50:15,299 ~-~-> 00:50:32,669 |another trade entry here, using this range. Let's move this over seeing See? Clear? Okay, we have the low here, trading back down. Now as price moves off
	242	+|241 |00:50:32,669 ~-~-> 00:50:43,079 |that, that larger order block level price is starting to retrace, would we expect it to come back down to there? Obviously, in an ideal world, we don't
	243	+|242 |00:50:43,079 ~-~-> 00:51:07,079 |want to see that happening. So what do we have? We have defined range, the range being this high noted here and the low right there 9158. Sorry, 9156 using the
	244	+|243 |00:51:07,079 ~-~-> 00:51:15,509 |actual candle low. So we have a range between these two price points as price rallies away from that order block level, and then starts to retrace. We don't
	245	+|244 |00:51:15,509 ~-~-> 00:51:24,689 |want to really see it come back down. And it can it sure can. Okay. But ideally, you want to be hunting a price pattern in here to get long, with that premise in
	246	+|245 |00:51:24,689 ~-~-> 00:51:41,129 |mind looking for higher prices to ensue. And you see that happening here. Okay. Again, same premise in mind. We have higher prices expected, we have an
	247	+|246 |00:51:41,129 ~-~-> 00:51:57,839 |understanding of institutional order flow. We're going to hunt to opportunities in here. We have this level right here 9211, prices rallying up starts to
	248	+|247 |00:51:57,839 ~-~-> 00:52:07,739 |retrace. Okay, you're still overall bullish. So what are you gonna be looking for retracing back down to 62 to set an accentuation level, you get that right
	249	+|248 |00:52:07,739 ~-~-> 00:52:26,399 |here. Okay. And if you use our unfulfilled range concepts, here, we expect price not to come back down to that institutional level price trades, right to what
	250	+|249 |00:52:26,399 ~-~-> 00:52:39,629 |level the sweet spot boom and rallies up. So both are ideally suggesting that's a buy area in between that 9245 9240 level. So add your spread to it and that'd
	251	+|250 |00:52:39,629 ~-~-> 00:52:46,949 |be an entry point. And then price begins to move on up. Even even this
	252	+|251 |00:52:53,849 ~-~-> 00:53:04,949 |this example here, we're gonna look at here in a second. Cut this stuff off the chart, we have another small even again, this is a 15 minute chart but if you go
	253	+|252 |00:53:04,949 ~-~-> 00:53:17,399 |down to a five minute chart, you'll see this as another order block. Okay, so as price moves down into that level here let's use our
	254	+|253 |00:53:27,030 ~-~-> 00:53:46,110 |here's our low and our range high. Okay, so essentially 100 PIP move between the two points. For us the low to high price comes right down into that 62%
	255	+|254 |00:53:46,110 ~-~-> 00:54:00,090 |retracement level and what does it do? returns back higher. Now ultimately, going into the weekend, we had a rather large weekend gap. But in here, just in
	256	+|255 |00:54:00,090 ~-~-> 00:54:14,340 |here alone on Friday. I'm talking about the Friday prior to this recording. You have a an opportunity to see a range in terms of pips of 54 pips, comfortably
	257	+|256 |00:54:14,340 ~-~-> 00:54:21,750 |pulling out obviously 25 to 30 pips is not without the realm of possibility.
	258	+|257 |00:54:27,840 ~-~-> 00:54:44,670 |Okay, so you can see just in one pair, and it's got a 30 minute chart. You can see do overall price action and actually goes down to a 15 minute chart will be
	259	+|258 |00:54:44,670 ~-~-> 00:55:01,440 |a little bit cleaner. There's the overall price structure what's happened. Okay. And there was Friday's weekly high and here's Monday's low on the week two, they
	260	+|259 |00:55:01,440 ~-~-> 00:55:13,170 |given you opportunities to trade. And because this is a yen pair, and it's an Aussie yen pair it, it really will be looking to make its higher lows during the
	261	+|260 |00:55:13,200 ~-~-> 00:55:27,180 |asian session. Okay. And if you look at the asian session one, this week, we have this area here where price was making its low for Tuesday. And during the
	262	+|261 |00:55:27,180 ~-~-> 00:55:40,710 |asian session, the low on Wednesday was formed during the asian session. And the low was formed. One this this particular day comes in at the agent session as
	263	+|262 |00:55:40,710 ~-~-> 00:55:51,060 |well. Okay, so against understanding your, your pair personalities and what characteristics go along with those particular pairs and what what that animal
	264	+|263 |00:55:51,060 ~-~-> 00:56:02,760 |does during the trading 24 hour period that we we like to call the Forex day. Because these are countries that are operating in their business around those
	265	+|264 |00:56:02,760 ~-~-> 00:56:13,590 |times of the day, at the beginning of their financial day. So it's important that they see sitios your particular market moves and obviously signaling the
	266	+|265 |00:56:14,640 ~-~-> 00:56:25,170 |significant highs and lows is, is one of the central characteristics to those pairs. much in the same way we see the British pound and euro form, it's daily,
	267	+|266 |00:56:25,170 ~-~-> 00:56:34,500 |higher low on daily range during the London session, because that's generally when they're coming online. Okay. So hopefully these examples have been useful
	268	+|267 |00:56:34,500 ~-~-> 00:56:44,280 |to you go over them, study them, and then obviously use the same premise, and studying your own charts on a live basis. And you, I promise, you put two, three
	269	+|268 |00:56:44,280 ~-~-> 00:56:53,790 |months into starch chart study using these concepts, you're going to start seeing as a whole different world of price action, it's available to you. And
	270	+|269 |00:56:53,790 ~-~-> 00:57:02,460 |that's really found nowhere else. It's an ICT exclusive. And I hope it's been a blessing to you as it was for almost two decades for me.
	271	+|270 |00:57:12,090 ~-~-> 00:57:23,610 |Alright, guys, every single forex trader out there wants to see their trade become profitable. But before that can happen, you need to understand what it
	272	+|271 |00:57:23,610 ~-~-> 00:57:34,380 |requires of you, as a trader, to learn to anticipate price moves, it's one thing to expect to make money. And it's all together something else to expect to be
	273	+|272 |00:57:35,070 ~-~-> 00:57:45,420 |accurate with your analysis. And one of the hardest things and I mean this sincerely, one of the hardest things for me as a trader, is the profit taking,
	274	+|273 |00:57:45,750 ~-~-> 00:57:58,980 |okay, because I've been doing this for almost 20 years. And my analysis concepts are very, very strong. But the human element behind them, sometimes I want to
	275	+|274 |00:57:59,010 ~-~-> 00:58:08,580 |over trade the tools, because either a hunch or a gut feeling. And it's something that I have to suppress as a trader, because sometimes I think I'm
	276	+|275 |00:58:08,580 ~-~-> 00:58:21,030 |smarter than my tools. And that's where my ego comes in. Okay, so I've had to really, you know, hammer out a, an application of when do I take profits. Now,
	277	+|276 |00:58:21,510 ~-~-> 00:58:31,230 |early on, much like every other trader, if you go into this business, and you encounter immediate profitability, whether it be short term or intermediate term
	278	+|277 |00:58:31,230 ~-~-> 00:58:40,500 |or long term success in terms of duration, that's not the point. The point is, is if you go into and you start making money, the premise is that you're always
	279	+|278 |00:58:40,500 ~-~-> 00:58:49,710 |going to be making money and your trades are therefore going to be profitable. And especially if you get these extrapolated profits, okay, really big targets.
	280	+|279 |00:58:50,370 ~-~-> 00:58:58,650 |It kind of lulls you into thinking that that's the norm. Okay. And what will happen is, as many times if your tool suggests it's going to be 80 PIP run up,
	281	+|280 |00:59:00,300 ~-~-> 00:59:08,610 |you're going to hold for 80 pips, or maybe even at two or three, trying to squeeze that last bit of juice out of that lemon. I have done that many, many
	282	+|281 |00:59:08,640 ~-~-> 00:59:18,090 |times. And I've watched my really good trades turn into mediocre trades, to breakeven trades and beginning of trading I love I've actually watched them go
	283	+|282 |00:59:18,090 ~-~-> 00:59:29,610 |into net losses, severely net losses, okay, because, much like anyone else, I was prone to the same pitfalls everyone else is encountered in trading. And I
	284	+|283 |00:59:29,610 ~-~-> 00:59:37,860 |didn't have any kind of mentors until Larry Williams. So I kind of like fumbled around in the markets until, you know, I got with someone that knew a little bit
	285	+|284 |00:59:37,860 ~-~-> 00:59:46,980 |of technical analysis. I think everyone would agree that technical analysis and Larry Williams go hand in hand. So that was like my foundation. And I realized
	286	+|285 |00:59:46,980 ~-~-> 00:59:56,790 |that, you know, I could be right on a lot of the market moves, but I would be wrong at my profitable exits because I would be greedy and hold on to the
	287	+|286 |00:59:56,790 ~-~-> 01:00:13,410 |absolute highest point and it My goal in this episode is really to communicate this as best I possibly can. You do not need every piece of that move. Okay? You
	288	+|287 |01:00:13,410 ~-~-> 01:00:26,160 |don't need every PIP in every swing. You just need pips. Okay? And I don't want to really define it for anyone, but you just need pips. Okay, and I'll give you
	289	+|288 |01:00:26,160 ~-~-> 01:00:36,300 |some ideas on how to frame that. What is your objective? Well, it depends on what type of trader you're going to be. This series is designed for getting that
	290	+|289 |01:00:36,300 ~-~-> 01:00:48,090 |one shot, one kill for the week, okay, I means you're literally looking for an really cheery opportunity to be trading one time for the entire week. Okay?
	291	+|290 |01:00:48,390 ~-~-> 01:00:55,980 |Because if you can't do that, you're not gonna be able to handle yourself trading every single day as a day trader, because you're gonna be doing things
	292	+|291 |01:00:56,100 ~-~-> 01:01:03,360 |before you should, you're gonna be buying more selling more than you should, you're gonna be doing everything wrong, okay, because you haven't developed the
	293	+|292 |01:01:03,360 ~-~-> 01:01:13,200 |discipline that's necessary for you to be able to adhere to a set of rules. And yes, there are rules of engagement that you have to have as a trader. Okay, this
	294	+|293 |01:01:13,200 ~-~-> 01:01:24,240 |whole trading series is themed around the military aspect. And I purposely chose that because that's what I had to do to myself, because it's one thing for me to
	295	+|294 |01:01:24,270 ~-~-> 01:01:34,980 |make these videos and the majority of everyone out there thinks that I'm this cold, calculated market wizard, okay. And I never make mistakes. I make
	296	+|295 |01:01:34,980 ~-~-> 01:01:46,140 |mistakes. Okay. My presentations are geared to you, as a learning tool to avoid many of the things that I did early in my trading, and some of the things I
	297	+|296 |01:01:46,140 ~-~-> 01:01:59,400 |still have to deal with on a daily basis as a trader, and that one particular thing is profits. If you do not have a predetermined exit point, before you even
	298	+|297 |01:01:59,400 ~-~-> 01:02:04,530 |get in the trade, I promise you, you will be plagued with this problem.
	299	+|298 |01:02:04,860 ~-~-> 01:02:11,250 |And it may sound like a good problem to have when to get out with profits. I'm gonna tell you, if you haven't been trading long those of you have been trading
	300	+|299 |01:02:11,250 ~-~-> 01:02:20,850 |for a while know exactly what I'm talking about. Your winning trades if you exit them, and they continue to move 60 7200 pips more than you got out at Are you
	301	+|300 |01:02:20,850 ~-~-> 01:02:30,690 |right? Chances are, you're going to define your trade as not, right? profitable. Yes, but you're not right. So you're going to wrestle with that idea. Okay,
	302	+|301 |01:02:30,690 ~-~-> 01:02:38,940 |you're going to argue with it, thinking, Hey, you know, I didn't do something right. I could have made a lot more pips. Instead of saying, You know what, I
	303	+|302 |01:02:38,940 ~-~-> 01:02:49,350 |saw an opportunity, I executed, I followed my plan, and I exited at a predetermined level, there should be no shame in that. Zero shaming. But many of
	304	+|303 |01:02:49,350 ~-~-> 01:02:56,640 |you will still arm wrestle yourself, beat yourself up saying, Man, I wish I would have held on that that would have paid for the 16 losing trades I had last
	305	+|304 |01:02:56,640 ~-~-> 01:03:08,220 |few months. But you have to be disciplined, you absolutely have to have that. In your repertoire. In your game plan in your trading plan, you have to have it.
	306	+|305 |01:03:08,670 ~-~-> 01:03:19,140 |Because if you don't have it, I can tell you as almost a two decade veteran and trading that is one of the most hardest things for traders to overcome. I can be
	307	+|306 |01:03:19,140 ~-~-> 01:03:33,810 |wildly profitable, but I don't have it right every single time. And it's the times that I hold on for that 75 PIP move when I'm already banked. 60 pips in
	308	+|307 |01:03:33,990 ~-~-> 01:03:44,190 |the first half of the trade, and I'm holding out for 75 for my second target or my final collapsing of the open position. I may be seeing maybe the spread just
	309	+|308 |01:03:44,190 ~-~-> 01:03:50,970 |before it gets me out. And I'll hold on to that thinking that I'm going to get that trade, then it comes back and knocks me out, you know, at 60 pips for the
	310	+|309 |01:03:50,970 ~-~-> 01:03:59,550 |remaining portion. There's nothing wrong with that. But internally, I wrestle with that thinking I should have just collapsed it when I had 60 pips together,
	311	+|310 |01:03:59,550 ~-~-> 01:04:06,000 |and now I'm armwrestling myself internally, you know, I'll be driving on the road, going to the store going to the movies, or you can go into a red box and
	312	+|311 |01:04:06,000 ~-~-> 01:04:18,120 |get a DVD for the night. And these things plague me, okay, because I have OCD, I completely understand obsessive compulsive disorder I live in, okay, so if you
	313	+|312 |01:04:18,120 ~-~-> 01:04:28,140 |don't have that, if you trade long enough, you might develop it, okay? Because what will happen is, is you're going to overanalyze everything you do, and
	314	+|313 |01:04:28,140 ~-~-> 01:04:37,980 |that's a good thing as a learning tool. Okay, but once you really adopt an idea what you should be doing as a trading plan. You don't really want to overanalyze
	315	+|314 |01:04:37,980 ~-~-> 01:04:46,050 |it, you want to stay within those parameters. Okay. And that starts with number one, having an idea of where you're going to get out at when the trades moved in
	316	+|315 |01:04:46,050 ~-~-> 01:04:57,090 |your favor. Okay. That's not a limitation. Do not view exiting a trade at 60 pips profit pre determined before you even put the trade on, and it moves 90
	317	+|316 |01:04:57,090 ~-~-> 01:05:07,260 |pips or 100 pips beyond that, okay. Do not view do that as weakness, okay? Do not, because I'm gonna tell you right now, if you do that every single week, or
	318	+|317 |01:05:07,260 ~-~-> 01:05:18,750 |three times a month, you are in the Upper 5% of forex traders, because 90% of them don't make money, they aren't consistent, they can't even find the right
	319	+|318 |01:05:18,750 ~-~-> 01:05:24,900 |time to get into trades. Okay, and I don't mean that for some of you are watching this, I'm not trying to beat you up or make you feel silly or, or, you
	320	+|319 |01:05:24,900 ~-~-> 01:05:36,930 |know, an educated, okay, I'm just trying to illustrate the point that you need to change your thought process about taking profits, okay, before you even start
	321	+|320 |01:05:36,930 ~-~-> 01:05:46,980 |implementing these tools, because if you don't give yourself the permission to have a predetermine exit point and be content with that, you can slowly develop
	322	+|321 |01:05:46,980 ~-~-> 01:05:59,100 |into Bigger Longer term profit objectives, okay. But for now, let's just deal with this head on, and understand that whatever profit opportunities, you have
	323	+|322 |01:05:59,100 ~-~-> 01:06:07,860 |pre determined in your trading plan, those are what you're sticking to come hell or high water, that's what you're gonna do. Okay, and then, obviously, you can
	324	+|323 |01:06:07,860 ~-~-> 01:06:17,910 |tweak it later on, that builds upon sound information and ideas and build a premise around. But until we get to that point, we have to have a foundation.
	325	+|324 |01:06:17,910 ~-~-> 01:06:25,950 |And this is a very, very strong foundation. This is one of the things I had to instill in my own trading, in me a huge impact in my overall profitability and
	326	+|325 |01:06:25,950 ~-~-> 01:06:35,430 |consistency. So now let's talk about price swings. Because obviously, without understanding what you're dealing with, on a price level scale, you're not going
	327	+|326 |01:06:35,430 ~-~-> 01:06:43,650 |to understand where profits should be taken. Now, if you look at this crude diagram, I agree, okay, but it's going to accomplish the method nonetheless, we
	328	+|327 |01:06:43,650 ~-~-> 01:06:52,290 |have a smaller minor price swing here, we have a intermediate term price swing, and maybe even a longer term price swing, okay? Now, it's
	329	+|328 |01:06:52,349 ~-~-> 01:07:00,719 |not really important as to what timeframe This is, because it's universal, it's applicable in all timeframes. But we're gonna say, for instance, that this is
	330	+|329 |01:07:00,719 ~-~-> 01:07:09,869 |possibly a five minute chart, okay. And this is the beginning of a new day, you've hunted a setup, and maybe this is going into the London kill zone. And
	331	+|330 |01:07:09,869 ~-~-> 01:07:18,659 |you've expected some level of support down here. Okay, and you have to apologize, I have to apologize up ahead of this, because I'm not going to be
	332	+|331 |01:07:18,659 ~-~-> 01:07:28,169 |spending a lot of time dressing up with a lot of lipstick, as I did the previous ones, because, quite frankly, I'm spending a lot of time on these videos. And
	333	+|332 |01:07:28,199 ~-~-> 01:07:35,849 |even though you're getting the playback of about two hours and such, it's taking me about nine hours to produce these things. So I'm trying to keep it short and
	334	+|333 |01:07:35,849 ~-~-> 01:07:42,929 |sweet. And even though it's not gonna be that short and sweet on the viewing side of it. But assuming there's some kind of support level, or premise that you
	335	+|334 |01:07:42,929 ~-~-> 01:07:51,359 |think this is going to go higher, okay? We're not dealing with the entry points here, we're dealing with targeting. Assuming that you get in here on a minor
	336	+|335 |01:07:51,359 ~-~-> 01:08:02,369 |pullback, okay, and something set up this opportunity is a buy. Okay. And where do we anticipate the upside objectives? Okay, well, first, you got numbers,
	337	+|336 |01:08:02,399 ~-~-> 01:08:14,399 |numbers, understand that there are price swings within price swings within price swings, okay, this price swing here is about 50% of this range from high to low.
	338	+|337 |01:08:15,149 ~-~-> 01:08:27,059 |This price swing here, okay, is equal to this price swing, but it retraces back within 50% range of this, okay, so there's a rule here that you have to
	339	+|338 |01:08:27,059 ~-~-> 01:08:37,829 |understand and targeting. That means a symmetrical price swing. Okay. symmetrical price swing is basically something like this, this move up here,
	340	+|339 |01:08:38,249 ~-~-> 01:08:50,759 |when this low, assuming this is a low, if it's breaks right here, we should see a equal move from this low to this highest high, okay? This becomes a fulcrum
	341	+|340 |01:08:50,759 ~-~-> 01:09:02,279 |point, okay, or a pivot point, not pivot point like s one s two type pivots, I'm talking about a pivot point in such a way where when price breaks that you'll
	342	+|341 |01:09:02,279 ~-~-> 01:09:12,569 |see it move lower. In other words, it's like a hinge right here. Price swung up. Once it broke that low, you just see an equal move from this low to this high in
	343	+|342 |01:09:12,569 ~-~-> 01:09:29,039 |terms of range equal from this low, lower, and you see that here, okay. That same thing can be developed on and moved in the grave once this high, is broken.
	344	+|343 |01:09:29,249 ~-~-> 01:09:37,019 |And you see that here. Now inside this price move here, assuming this is a price rally, it's a straight line, but obviously we know price isn't always moving in
	345	+|344 |01:09:37,019 ~-~-> 01:09:46,289 |a straight line. There's other price swings within here, but the overall what I'm trying to draw your eye to is this overall price swing lower. In this price
	346	+|345 |01:09:46,289 ~-~-> 01:09:58,559 |swing from high to low, there may be two three and before even multiple, smaller price swings within it, prior to attorney and going up near to the target to
	347	+|346 |01:09:58,559 ~-~-> 01:10:08,939 |your hunting This high if it's broken, this is a fulcrum point on the bullish side. So as price rallies up, okay, and we're gonna talk about multiple
	348	+|347 |01:10:08,939 ~-~-> 01:10:18,989 |targeting and all that stuff in another video, but in here as price breaks that point right here on this high, when it takes that out, we should see this move
	349	+|348 |01:10:18,989 ~-~-> 01:10:33,329 |from this high to this low equal in terms of magnitude and distance and price, add that to this high and you'll see it equal salad words, if you took a line
	350	+|349 |01:10:33,329 ~-~-> 01:10:44,849 |here and measured it with a ruler of such, you should see basically the same distance from this high here to this low added to this high up and you get this
	351	+|350 |01:10:44,849 ~-~-> 01:10:54,989 |area here. That's what that's the first fundamental premise to understanding how to take profits. Okay, now we're looking at a bullish scenario here. But if you
	352	+|351 |01:10:54,989 ~-~-> 01:11:04,619 |cannot understand this, okay, it's going to be very difficult, difficult for you to understand where you should be taking profits, okay? Because if you
	353	+|352 |01:11:04,619 ~-~-> 01:11:17,099 |understand this crude, overall concept of price swings, okay? You understand that targeting in systematically taking it at predetermined levels is gonna be
	354	+|353 |01:11:17,099 ~-~-> 01:11:26,429 |very easy for you. If you cannot see that here, okay. It's going to be a little bit easier to see when I have it on charts. But it's, it's Paramount, you have
	355	+|354 |01:11:26,429 ~-~-> 01:11:38,819 |to understand this because there is a 50% rule in symmetrical price action. And it's basically measured moves this high to low. Once broken here, you'll get a
	356	+|355 |01:11:38,819 ~-~-> 01:11:50,999 |measured move higher. Okay. Just take another closer look as to what I'm referring to. Okay,
	357	+|356 |01:11:51,690 ~-~-> 01:12:02,400 |when you have a retracement, you have a price rally here. So this is the impulse move up, then you have a retracement into this range from that low to high. This
	358	+|357 |01:12:02,400 ~-~-> 01:12:13,650 |could be any number of things, this could be a higher level support line, it could be a pivot, or fib, okay. It could be a water block a lot of different
	359	+|358 |01:12:13,650 ~-~-> 01:12:23,670 |things could you substantiate this as a support level. But the main thing is, is you want to be looking at obviously, when price moves beyond this level here,
	360	+|359 |01:12:24,000 ~-~-> 01:12:36,750 |you want to see a equal move from this high to low added to this high price point up. Okay. Again, that's the same premise we just talked about on the
	361	+|360 |01:12:36,750 ~-~-> 01:12:45,990 |previous slide. But now we're gonna take a little bit further when you understand how to use Fibonacci, okay, Fibonacci, to get retracements you would
	362	+|361 |01:12:45,990 ~-~-> 01:12:54,510 |anchor the price point low here to this high. Okay, so those are your two reference points for retracements on an up move, you're going to pull your fib
	363	+|362 |01:12:54,510 ~-~-> 01:13:04,380 |from a low to a high and what that'll do is it'll plot within the range of that low and high all of the retracement levels. So this may be a 50 this may be a 60
	364	+|363 |01:13:04,380 ~-~-> 01:13:19,380 |to 79 such so something down here would be an optimal trade entry. Now, as price moves up, once we take out this high, it does not it does not guarantee that
	365	+|364 |01:13:19,380 ~-~-> 01:13:31,290 |you'll get a 200% equal move from this high to this low. Once it's broken right here. There's no guarantee it's going to go 100% of whatever that range is,
	366	+|365 |01:13:31,440 ~-~-> 01:13:44,160 |okay? It's not it's not it's no guarantee that okay? But there is a very large probability if you calculate the range from this high to this low. Let's assume
	367	+|366 |01:13:44,160 ~-~-> 01:13:56,520 |for a moment that that's 100 pips, okay. 100 pips, if price breaks that high as it does here, in this example, it's an again, obviously this is a hand drawn
	368	+|367 |01:13:57,150 ~-~-> 01:14:08,730 |illustration is not a price action chart, but its price blows out this high when it does that. If you take the range from here to here, again that being 100 pips
	369	+|368 |01:14:08,730 ~-~-> 01:14:27,630 |assuming if you see from the low here 127 pips up price has a high probability of moving to that price point. Okay, if you go 162 pips from that low up here
	370	+|369 |01:14:27,630 ~-~-> 01:14:36,180 |162 pips, you have a high probability of seeing that price move as well. Now, where did I get these numbers from? Some of you guys understand Fibonacci,
	371	+|370 |01:14:36,180 ~-~-> 01:14:44,520 |you're saying, well, that's pretty stupid, you know, I'll be obviously is there 127 162 extensions, right? But some of you aren't privy as to what I'm referring
	372	+|371 |01:14:44,520 ~-~-> 01:14:53,700 |to. And we're going to learn that now. If you take your fib, and reverse its application, okay, and I'm gonna show you later on how to calibrate your mt for
	373	+|372 |01:14:53,940 ~-~-> 01:15:02,820 |Fibonacci tool. But if you take the fib and you anchor it from the high here, and you draw it down to the low Here, what that's going to do is it's going to
	374	+|373 |01:15:02,850 ~-~-> 01:15:18,660 |plot a 1.27 and a 1.62. Line, okay, and when price blows out this high, when it reaches those levels, they are very, very, very good levels to take profits at,
	375	+|374 |01:15:18,960 ~-~-> 01:15:26,340 |they're easily determined, they're pre determined, there's no ambiguity about it, you'll know exactly what you're looking for price wise, and you can place
	376	+|375 |01:15:26,340 ~-~-> 01:15:36,120 |your limit orders at those levels to get out at. Okay. But obviously, we get to live examples in the charts, you'll see much more clearly what I'm referring to.
	377	+|376 |01:15:42,840 ~-~-> 01:15:50,940 |Okay, let's assume for a moment that we're looking at a price move, it suggests this is going to go higher, and prices had an impulse move up, and now we're
	378	+|377 |01:15:50,940 ~-~-> 01:15:58,770 |retracing within that range, the range being this low. And this high, something now here constitutes a order block maybe or an optimal trade entry something to
	379	+|378 |01:15:58,770 ~-~-> 01:16:05,970 |support an idea that this is going to go higher, or assuming it's going to go higher. what'll happen is, is you'll see hopefully, price move in your favor.
	380	+|379 |01:16:06,330 ~-~-> 01:16:17,550 |Okay. And by pulling your fear from this level here, to this level here, you can get your 127 and 162 extensions, and still anticipate if you're in a higher
	381	+|380 |01:16:17,640 ~-~-> 01:16:28,260 |higher time frame directional premise. You can anticipate a 200% price projection, okay, which is this high down to this low that range, add that range
	382	+|381 |01:16:28,260 ~-~-> 01:16:36,360 |to this high and you'll get that high up here. Okay, that's the ultimate price level that you're looking for as the bat the furthest it's going to go now, will
	383	+|382 |01:16:36,360 ~-~-> 01:16:49,050 |it go beyond that? Sometimes? Sure. Okay, many times it'll, it'll do that. But overall, if you look at 127 162 and 200, as your extensions, their ideal optimal
	384	+|383 |01:16:49,140 ~-~-> 01:16:59,520 |exit points for your trades that are easily discernible, and there's no ambiguity whatsoever because this wave, lower is when it shoots higher. Okay, I
	385	+|384 |01:16:59,520 ~-~-> 01:17:07,410 |probably shouldn't have said wave because I don't want you guys thinking I'm an Elliott Wave fan, because I am not okay, but this price swing rather, when this
	386	+|385 |01:17:07,410 ~-~-> 01:17:16,800 |price swing starts to complete move higher. We know that this market structure high once it's broken out, we can have 127 162 and 200 extensions predetermine
	387	+|386 |01:17:16,800 ~-~-> 01:17:27,360 |based on this range here with the premise that it's going higher off that retracement. Okay. As price moves lower into a deeper retracement of this
	388	+|387 |01:17:27,360 ~-~-> 01:17:39,870 |impulse move. So we have this, again, this retracement lower within this range here. Okay. It could go deeper. Yes. Okay, it could retrace deeper, but we're
	389	+|388 |01:17:39,870 ~-~-> 01:17:52,080 |just going to use this idea here as support resistance. And with this likelihood of this being support price could again, move higher. And if we do assume that
	390	+|389 |01:17:52,080 ~-~-> 01:18:00,210 |this is a buying opportunity, okay, maybe there's an order block over here and there's consolidation within this leg up. Something constitutes a buy
	391	+|390 |01:18:00,210 ~-~-> 01:18:11,430 |opportunity in here. If we buy here, we have a pre determined old high here and in the range here, assume that's for the sake of argument again, say it's 100
	392	+|391 |01:18:11,430 ~-~-> 01:18:22,890 |pips. We could take our anticipatory skills and expect to see price try to retest this high. And if it blows through that we can reasonably expect to see
	393	+|392 |01:18:22,890 ~-~-> 01:18:33,060 |the 127 or 127 pips from this low once it starts to turn up. Or the 162 extension, which is 162 pips from that low. Okay, in this example, again,
	394	+|393 |01:18:33,060 ~-~-> 01:18:43,290 |assuming that this is 100 Pip, retracement, obviously your Fibonacci tool will give you all the calculations on this giving it without the benefit of having a
	395	+|394 |01:18:43,290 ~-~-> 01:18:54,150 |Fibonacci application on this diagram. So you'd be able to see when price takes this high out 127 and 162 extensions respectively, would be your upside
	396	+|395 |01:18:54,150 ~-~-> 01:19:06,180 |objectives. Okay, so they're, they're predetermine levels to exit. Okay. So, every time you trade within a price swing, you could derive it in advance where
	397	+|396 |01:19:06,180 ~-~-> 01:19:15,060 |your exit points are going to be new than beforehand. So you can use a limit order, and you can really pretty much go to sleep. Okay, you can go to work if
	398	+|397 |01:19:15,060 ~-~-> 01:19:22,230 |you have your job. If it's the one session, if you can get yourself up out of bed for a little while, set the orders up. Once you get into a trade, you know,
	399	+|398 |01:19:22,260 ~-~-> 01:19:30,120 |if a person for instance, is assuming this is the woman open, and you're trying to be long, okay, you can put your limit orders here. I can go to bed and
	400	+|399 |01:19:30,120 ~-~-> 01:19:39,690 |hopefully sometime in London close or New York session, we could see those objectives fulfilled. Okay, and that's just one application or anticipatory
	401	+|400 |01:19:39,870 ~-~-> 01:19:40,500 |example.
	402	+|401 |01:19:47,100 ~-~-> 01:19:55,500 |Okay, obviously the same thing can be said on the downside understanding if there's something up here that constitutes a selling opportunity, something
	403	+|402 |01:19:55,500 ~-~-> 01:20:02,940 |bearish, okay, and we're not going to build the context as to what that would be. We'll have all kinds of opportunities to understand what that is in this
	404	+|403 |01:20:02,940 ~-~-> 01:20:17,700 |series. So assuming that is the case, when you're when your market breaks lower, okay, what in this price swing is your point of reference? Okay, if you're
	405	+|404 |01:20:17,700 ~-~-> 01:20:26,430 |bearish the overall price structure that you should be looking for obviously is individual price swings. Yes. Okay. So in other words, this swing here, trade it
	406	+|405 |01:20:26,430 ~-~-> 01:20:35,310 |up, whatever this range from here to here is it's the retracement into. So that could be a selling opportunity here. But if you take the range between this high
	407	+|406 |01:20:35,310 ~-~-> 01:20:52,980 |to this low 127% on sorry 1.27 and Fibonacci 427% of that if you multiplied it, that would give you a lower objective here. And 162% of that range would give
	408	+|407 |01:20:52,980 ~-~-> 01:21:06,690 |you the 162 extension now here as well. Same thing here we have this high and this low that range of pips once this low is violated as it is here in this
	409	+|408 |01:21:06,690 ~-~-> 01:21:22,680 |example, we can look at the range from this low to this high, okay, we could see the 127 extension and 162 extension as downside objectives, okay. I should have
	410	+|409 |01:21:22,680 ~-~-> 01:21:33,000 |said this in the previous mentioning, the intermediate term swing between the smaller swings, okay, think back in market structure. Now, this would be the,
	411	+|410 |01:21:33,210 ~-~-> 01:21:44,430 |the higher level, price swing, okay. or major reference point, the intermediate term reference points many times if you see price, take this leg here. If you
	412	+|411 |01:21:44,520 ~-~-> 01:21:57,960 |project your your Fibonacci based on that, that range, you'll get the 127 here and in 162, many times you'll get a intermediate term, deeper retracement, from
	413	+|412 |01:21:57,960 ~-~-> 01:22:05,460 |the hydrophones back here, that's originally a sell off, you'll get a retracement into that range. And then you'll see the fulfillment of this swings,
	414	+|413 |01:22:06,180 ~-~-> 01:22:16,200 |targeting which is 127 162, which hopefully would arrive down here and conceptually speaking. But everything that I said and when the bullish side,
	415	+|414 |01:22:16,200 ~-~-> 01:22:21,060 |obviously if you flip it, then you can get the converse idea for the bearish.
	416	+|415 |01:22:26,850 ~-~-> 01:22:39,180 |Okay, and again, much in the same capacity. We mentioned earlier, everything that you see on price swings, if this is a move lower, you're looking for a
	417	+|416 |01:22:39,180 ~-~-> 01:22:50,970 |selling opportunity here. This range, if you pull your fib, from the low to this high, it'll project on your when your Fibonacci the 127 and 162. Extensions down
	418	+|417 |01:22:50,970 ~-~-> 01:23:02,280 |in that area is where you'd be looking to hunt that 75 to 80% of your exit points. If you feel absolutely certain, okay, that you're you're going to see a
	419	+|418 |01:23:02,280 ~-~-> 01:23:13,830 |200% extension now words, whatever this ranges from high to low. If you're looking for a downswing, when this low is taken out, whatever that range is,
	420	+|419 |01:23:13,860 ~-~-> 01:23:25,710 |it's duplicated. And you'll see that same magnitude wave lower or swing low rather, which is basically taking this low to this high. And if you had it in
	421	+|420 |01:23:25,710 ~-~-> 01:23:36,000 |your own Fibonacci, it would be a 200% extension but I'm trying to avoid conditioning you to expect that all the time. Okay, I'm conditioning you really
	422	+|421 |01:23:36,000 ~-~-> 01:23:47,460 |to expect 127 and 162 extensions because they are very, very consistent and you're pretty much going to be rewarded more consistently with that then you
	423	+|422 |01:23:47,460 ~-~-> 01:23:48,540 |will get to 200%.
	424	+|423 |01:23:54,150 ~-~-> 01:24:04,680 |Again, same thing we have a premise that this is a bearish market move we have a bearish impulse move lower. We have a retracement within that move. Something is
	425	+|424 |01:24:04,740 ~-~-> 01:24:15,180 |implying a selling situations on their way. The range from this low to this high is used with your Fibonacci shoe use the fed from the low up to this high. And
	426	+|425 |01:24:15,180 ~-~-> 01:24:28,080 |it's kind of project your Fibonacci extension 127 and 162. Yeah 162. And once it gets to those levels, many times you'll see a retracement unfold. And the
	427	+|426 |01:24:28,140 ~-~-> 01:24:36,720 |impulse move lower here has a retracement assuming this low is significant in market structure. Something could be in line with a another order block here
	428	+|427 |01:24:36,720 ~-~-> 01:24:45,840 |within this range. Again, these are not just straight market moves. There's all smaller price swings within this leg in price. So you have to reference those as
	429	+|428 |01:24:45,840 ~-~-> 01:25:00,180 |well like we did in previous market. Video videos in the series. When this range here is calculate again pulling a fib from the low up to the high okay. It's
	430	+|429 |01:25:00,180 ~-~-> 01:25:07,710 |going to give you 127 and 162 extensions, okay when you Fibonacci tool and that is where you would have your pre determined exit points, okay?
	431	+|430 |01:29:51,450 ~-~-> 01:30:03,990 |Okay folks, we're gonna give a couple examples real quick with the Fibonacci 127 and 162 extensions. We're looking at the fiber here. We mentioned this earlier
	432	+|431 |01:30:03,990 ~-~-> 01:30:17,700 |in this video where the order blocks were. And just for a simple, quick review, again, this is assuming that you understand this premise, we have this rally up
	433	+|432 |01:30:17,730 ~-~-> 01:30:32,010 |comes right back down in this order block right here. And, again, framing the idea that this is bullish. So therefore, when price returns back into this area,
	434	+|433 |01:30:32,340 ~-~-> 01:30:39,060 |we could reasonably expect to see a rally up. And this is where we
	435	+|434 |01:30:44,430 ~-~-> 01:30:56,040 |see our entry point right in here and saw the optimal trade entry between 62 and 77, tracing lows, and as price rallies up, okay, before we even see it go beyond
	436	+|435 |01:30:56,040 ~-~-> 01:31:07,770 |this point here, what you're doing is you're looking for your upside objectives. Okay? And because we're looking for upside objectives, you start with the high
	437	+|436 |01:31:09,000 ~-~-> 01:31:25,680 |and you pull your fib down to the lowest low here, okay. And here's your 127 and your 162 extension, okay. And you can see that happened to be fulfilled, you get
	438	+|437 |01:31:25,680 ~-~-> 01:31:53,850 |your 127 here and not too much longer. After that. You get your 127 right there. Okay, and we have another order block here as price rallies up. You want to go
	439	+|438 |01:31:56,940 ~-~-> 01:32:13,500 |borrow this level here. Okay, price rallies up comes back down into the order block. Using the range, here's the low to the high. Your entry point is in here.
	440	+|439 |01:32:14,520 ~-~-> 01:32:39,360 |Okay. And again, looking for upside objectives. You would reverse your fib from the high, down to the low. Here's your 127 extension. And your 162 up here. You
	441	+|440 |01:32:39,360 ~-~-> 01:32:45,120 |see it hits it right there. Okay, we have another order block.
	442	+|441 |01:32:56,010 ~-~-> 01:33:12,240 |Here, price rallies from this low to this high. We're not going to draw the fib in here Apple trade entry. The high down to the low. Okay, here's your 127 hits
	443	+|442 |01:33:12,240 ~-~-> 01:33:28,680 |it handsomely. In Asia 162 extension, right there. Okay. So you have multiple examples on a pair that we have been utilizing for this series, but obviously
	444	+|443 |01:33:28,680 ~-~-> 01:33:38,700 |it's applicable to any pair, okay. And it wouldn't be fair unless we did some downside objectives but I'm not to go to a different pair to do that. So let's
	445	+|444 |01:33:38,700 ~-~-> 01:33:52,770 |take a look at the downside objectives utilizing the 127 and 162 extensions Okay, we're looking at the Japanese yen dollar versus the Japanese yen rather go
	446	+|445 |01:33:52,770 ~-~-> 01:34:03,870 |we have a high price trades down retraces and moves lower as we anticipate a selling opportunity and we're going to say for sake of argument that we
	447	+|446 |01:34:03,870 ~-~-> 01:34:19,890 |suspected that price would be a selling opportunity in here. Okay. way we get our downside objectives is to find the low up in the impulse move. Here or
	448	+|447 |01:34:19,890 ~-~-> 01:34:30,840 |retracement rather from this range. Here. This is a retracement into the impulse move, retrace. And then here's your 127 which it gaps through. Then here's your
	449	+|448 |01:34:30,840 ~-~-> 01:34:42,810 |162 extension. It trades just a little bit beyond that before it bounces again. Again, we are not advocating trying to trade outside of the 162 and 127. use
	450	+|449 |01:34:42,810 ~-~-> 01:34:54,810 |those as your guidelines. We have a price move lower or impulse move lower and we have a retracement. Okay. Again, same thing here. assuming this is the range
	451	+|450 |01:34:54,810 ~-~-> 01:35:06,240 |high to low optimal trade entry in here. You could be a seller here. Where would our objectives be? Well, here's that fulcrum point. Okay? Remember this is that
	452	+|451 |01:35:06,240 ~-~-> 01:35:18,210 |pivot point, when breaks below that we should see this move, move lower, okay, the highest level would be 200% extension or double the range from this low to
	453	+|452 |01:35:18,210 ~-~-> 01:35:33,480 |this high broken from this low here, down, okay? But sticking to the rules, okay, you're going to be utilizing this swing up, and you'll be looking for the
	454	+|453 |01:35:33,480 ~-~-> 01:35:47,610 |127 and 162 extensions as your objectives lower. So if you're a seller here, you'd look to take profits at 127 down here, and then 162 down here, and scroll
	455	+|454 |01:35:47,610 ~-~-> 01:36:01,980 |up here a little bit more. You can see, this is where the price moved and went down. Let's see. From that price point, too low, it only moves 17 pips beyond
	456	+|455 |01:36:02,040 ~-~-> 01:36:11,190 |what the 162 extension is. And then optimally price returned all the way back up to the area where you were sold. So you can see if you were looking for 200%
	457	+|456 |01:36:11,250 ~-~-> 01:36:21,120 |extension down here, you would have gave him a really, really handsome opportunity to be covering your short and reversing. And just one more example.
	458	+|457 |01:36:21,480 ~-~-> 01:36:35,160 |On the short term, we have a impulse move here retracement, okay, find the low up to the high, highest point right there. And you're 127 and then your 162
	459	+|458 |01:36:35,160 ~-~-> 01:36:48,240 |extension, almost kneeling on the very low the move. And then obviously, you can see the price of the market moved higher. Okay. There are another opportunity of
	460	+|459 |01:36:48,300 ~-~-> 01:37:01,590 |catching the upside here, you see this price move here. Okay, if you anticipate this is a buying opportunity. Okay, this is your reference point. On a price
	461	+|460 |01:37:01,590 ~-~-> 01:37:14,670 |swing, remember that first slide, we talked about finding the upside objective, here is your fifth port down to the low. And then here's your 127. And we just
	462	+|461 |01:37:14,670 ~-~-> 01:37:26,640 |fell short of that wants you to hear. And we just might get that. And in the coming days, or it could be just coming up to fill this gap. We don't know. But
	463	+|462 |01:37:26,940 ~-~-> 01:37:39,540 |when the upside this could be a very favorable target for very little short term to intermediate term trade on the yen. So hopefully it's been useful and you
	464	+|463 |01:37:39,540 ~-~-> 01:37:41,280 |guys can glean some insight from it.
4	4
5		-2
6		-00:00:56,730 ~-~-> 00:01:00,090
7		-with a warm welcome to Part Five and Our
8		-
9		-3
10		-00:01:00,090 ~-~-> 00:01:02,520
11		-continuing series of the ICT scout
12		-
13		-4
14		-00:01:02,520 ~-~-> 00:01:06,030
15		-sniper basic Field Guide. And this
16		-
17		-5
18		-00:01:06,540 ~-~-> 00:01:10,230
19		-episode is titled range finding. Okay,
20		-
21		-6
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23		-and what we'll be covering in this
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25		-7
26		-00:01:12,090 ~-~-> 00:01:14,760
27		-presentation. Well, we're going to be
28		-
29		-8
30		-00:01:14,760 ~-~-> 00:01:16,410
31		-reviewing the previous episodes
32		-
33		-9
34		-00:01:16,410 ~-~-> 00:01:18,600
35		-assignment tracking institutional price
36		-
37		-10
38		-00:01:18,600 ~-~-> 00:01:20,940
39		-action. Now you were instructed to go
40		-
41		-11
42		-00:01:20,940 ~-~-> 00:01:22,170
43		-through your charts and look at the
44		-
45		-12
46		-00:01:22,170 ~-~-> 00:01:24,600
47		-daily and four hour and look for
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49		-13
50		-00:01:24,630 ~-~-> 00:01:27,210
51		-reference points and order blocks so you
52		-
53		-14
54		-00:01:27,210 ~-~-> 00:01:29,520
55		-can pull your fibs cross hunting optimal
56		-
57		-15
58		-00:01:29,520 ~-~-> 00:01:32,640
59		-trade entries. For those that didn't do
60		-
61		-16
62		-00:01:32,640 ~-~-> 00:01:33,870
63		-the homework, we're gonna be giving a
64		-
65		-17
66		-00:01:33,870 ~-~-> 00:01:35,580
67		-couple of examples and we're gonna be
68		-
69		-18
70		-00:01:35,580 ~-~-> 00:01:37,410
71		-looking at specific charts, and we're
72		-
73		-19
74		-00:01:37,410 ~-~-> 00:01:39,480
75		-gonna give specific order block
76		-
77		-20
78		-00:01:39,480 ~-~-> 00:01:41,760
79		-illustrations. Now worked up a couple
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81		-21
82		-00:01:41,820 ~-~-> 00:01:43,980
83		-illustrations, obviously in the fiber,
84		-
85		-22
86		-00:01:44,010 ~-~-> 00:01:47,040
87		-which is the Euro USD give you a bullish
88		-
89		-23
90		-00:01:47,040 ~-~-> 00:01:48,090
91		-example. In fact, we're going to
92		-
93		-24
94		-00:01:48,090 ~-~-> 00:01:49,410
95		-probably give you two or three of them.
96		-
97		-25
98		-00:01:50,130 ~-~-> 00:01:51,990
99		-And we'll give you a bearish example.
100		-
101		-26
102		-00:01:53,310 ~-~-> 00:01:54,870
103		-And we're going to be looking at a pair
104		-
105		-27
106		-00:01:55,200 ~-~-> 00:01:57,930
107		-that's probably very alien to anyone
108		-
109		-28
110		-00:01:57,930 ~-~-> 00:01:59,580
111		-that's been following my work. The
112		-
113		-29
114		-00:01:59,580 ~-~-> 00:02:01,740
115		-Canadian dollar in Japanese yen pair.
116		-
117		-30
118		-00:02:02,010 ~-~-> 00:02:02,820
119		-Okay, we're gonna be looking at a
120		-
121		-31
122		-00:02:02,820 ~-~-> 00:02:05,670
123		-bullish example is that basically to
124		-
125		-32
126		-00:02:05,670 ~-~-> 00:02:09,150
127		-highlight the the overall universal
128		-
129		-33
130		-00:02:09,210 ~-~-> 00:02:12,150
131		-application to my concepts and even
132		-
133		-34
134		-00:02:12,150 ~-~-> 00:02:13,770
135		-applying it to an exotic pair like this
136		-
137		-35
138		-00:02:13,770 ~-~-> 00:02:16,200
139		-as an illustration. And we're looking at
140		-
141		-36
142		-00:02:16,230 ~-~-> 00:02:18,240
143		-another in my opinion is an exotic is
144		-
145		-37
146		-00:02:18,240 ~-~-> 00:02:20,010
147		-Australian and Japanese yen. I'm going
148		-
149		-38
150		-00:02:20,010 ~-~-> 00:02:22,860
151		-to give you a bullet examples that pair
152		-
153		-39
154		-00:02:23,340 ~-~-> 00:02:25,560
155		-illustrates in exotic application as
156		-
157		-40
158		-00:02:25,560 ~-~-> 00:02:28,410
159		-well. Remember talking about target
160		-
161		-41
162		-00:02:28,410 ~-~-> 00:02:31,710
163		-selection concepts, and it begins with
164		-
165		-42
166		-00:02:31,710 ~-~-> 00:02:35,340
167		-price swings. And now obviously, it's in
168		-
169		-43
170		-00:02:35,340 ~-~-> 00:02:37,320
171		-the eye of the beholder, okay, so
172		-
173		-44
174		-00:02:37,320 ~-~-> 00:02:39,420
175		-without your ability to see the overall
176		-
177		-45
178		-00:02:39,420 ~-~-> 00:02:41,280
179		-price swings, that's going to be the
180		-
181		-46
182		-00:02:41,280 ~-~-> 00:02:44,430
183		-hindering or obstacle for you. Okay, so
184		-
185		-47
186		-00:02:44,430 ~-~-> 00:02:45,600
187		-you're gonna have to put some time into
188		-
189		-48
190		-00:02:45,600 ~-~-> 00:02:47,100
191		-looking at the charts. You haven't
192		-
193		-49
194		-00:02:47,100 ~-~-> 00:02:48,360
195		-already done so and acquired that
196		-
197		-50
198		-00:02:48,510 ~-~-> 00:02:50,880
199		-talent. You're going to need to do that
200		-
201		-51
202		-00:02:50,970 ~-~-> 00:02:52,740
203		-before you can actually move forward.
204		-
205		-52
206		-00:02:53,850 ~-~-> 00:02:55,530
207		-Price reference points, we've been
208		-
209		-53
210		-00:02:55,530 ~-~-> 00:02:58,680
211		-talking about that specifically. And
212		-
213		-54
214		-00:02:58,680 ~-~-> 00:03:00,540
215		-we're gonna be introducing the 50 Rule
216		-
217		-55
218		-00:03:00,540 ~-~-> 00:03:03,630
219		-of symmetrical price swings and we given
220		-
221		-56
222		-00:03:03,630 ~-~-> 00:03:07,530
223		-you the the instructions of Mt for fib
224		-
225		-57
226		-00:03:07,530 ~-~-> 00:03:11,520
227		-calibration and we're looking at ICT
228		-
229		-58
230		-00:03:11,520 ~-~-> 00:03:16,320
231		-swing projections. Wow. Market symmetry
232		-
233		-59
234		-00:03:16,350 ~-~-> 00:03:17,880
235		-in the bullish realm. Okay, we're gonna
236		-
237		-60
238		-00:03:17,880 ~-~-> 00:03:19,590
239		-be talking about equilibrium and price
240		-
241		-61
242		-00:03:19,590 ~-~-> 00:03:22,470
243		-swing fulcrums I'm gonna
244		-
245		-62
246		-00:03:22,470 ~-~-> 00:03:24,030
247		-give you upside objectives
248		-
249		-63
250		-00:03:25,410 ~-~-> 00:03:26,820
251		-and we're gonna be looking at the chart
252		-
253		-64
254		-00:03:26,820 ~-~-> 00:03:29,160
255		-examples of upside swing projections.
256		-
257		-65
258		-00:03:30,600 ~-~-> 00:03:31,950
259		-And we're gonna be giving you a barque
260		-
261		-66
262		-00:03:31,950 ~-~-> 00:03:35,640
263		-bearish market symmetry, dealing with
264		-
265		-67
266		-00:03:35,670 ~-~-> 00:03:37,800
267		-the equilibrium price swing fulcrums
268		-
269		-68
270		-00:03:38,640 ~-~-> 00:03:43,230
271		-which points to downside objectives. And
272		-
273		-69
274		-00:03:43,230 ~-~-> 00:03:44,940
275		-we're going to give you examples of
276		-
277		-70
278		-00:03:44,940 ~-~-> 00:03:48,510
279		-downside price projections as well. And
280		-
281		-71
282		-00:03:48,510 ~-~-> 00:03:51,510
283		-yes, homework. We're going to be looking
284		-
285		-72
286		-00:03:51,510 ~-~-> 00:03:53,670
287		-at projecting swing targets.
288		-
289		-73
290		-00:03:54,299 ~-~-> 00:04:00,899
291		-So let's get started. Okay, guys,
292		-
293		-74
294		-00:04:00,900 ~-~-> 00:04:02,610
295		-we're looking at the euro. This is the
296		-
297		-75
298		-00:04:02,610 ~-~-> 00:04:06,600
299		-daily chart on the fiber. And I'm gonna
300		-
301		-76
302		-00:04:06,600 ~-~-> 00:04:09,420
303		-draw a few things here I'm gonna bring
304		-
305		-77
306		-00:04:09,420 ~-~-> 00:04:11,400
307		-your attention to, we have this high
308		-
309		-78
310		-00:04:11,400 ~-~-> 00:04:14,460
311		-here, and this high here, and we're
312		-
313		-79
314		-00:04:14,460 ~-~-> 00:04:16,260
315		-gonna put it right on the highest high
316		-
317		-80
318		-00:04:17,220 ~-~-> 00:04:22,620
319		-this candle. It's roughly 3450. But I
320		-
321		-81
322		-00:04:22,620 ~-~-> 00:04:23,730
323		-want to draw your attention to the
324		-
325		-82
326		-00:04:24,060 ~-~-> 00:04:26,820
327		-bodies of these candles and the highs of
328		-
329		-83
330		-00:04:26,820 ~-~-> 00:04:30,240
331		-these. Okay, if we draw our little
332		-
333		-84
334		-00:04:30,270 ~-~-> 00:04:31,650
335		-horizontal line down to that,
336		-
337		-85
338		-00:04:32,220 ~-~-> 00:04:32,970
339		-and we're just going to
340		-
341		-86
342		-00:04:33,960 ~-~-> 00:04:35,940
343		-move around it, there you go. See that?
344		-
345		-87
346		-00:04:36,210 ~-~-> 00:04:40,950
347		-3420 3420 is the level essentially that
348		-
349		-88
350		-00:04:40,950 ~-~-> 00:04:43,980
351		-this price was reaching for? Okay,
352		-
353		-89
354		-00:04:43,980 ~-~-> 00:04:45,180
355		-because that's the institutional level
356		-
357		-90
358		-00:04:45,180 ~-~-> 00:04:47,490
359		-we like to follow. Again, it's the full
360		-
361		-91
362		-00:04:47,490 ~-~-> 00:04:52,860
363		-figures 00 levels to 20s 50s mid figures
364		-
365		-92
366		-00:04:53,040 ~-~-> 00:04:56,520
367		-in the 80s. Okay, so, we have this level
368		-
369		-93
370		-00:04:56,520 ~-~-> 00:04:58,560
371		-here. 3422. Remember that because we're
372		-
373		-94
374		-00:04:58,560 ~-~-> 00:04:59,970
375		-gonna come back to it in a few moments.
376		-
377		-95
378		-00:05:01,470 ~-~-> 00:05:03,150
379		-But this is what price action was doing
380		-
381		-96
382		-00:05:03,180 ~-~-> 00:05:06,780
383		-prior to the previous release of Episode
384		-
385		-97
386		-00:05:06,780 ~-~-> 00:05:10,470
387		-Four in this series and we're going to
388		-
389		-98
390		-00:05:10,470 ~-~-> 00:05:14,070
391		-do is we're going to draw our chart into
392		-
393		-99
394		-00:05:14,070 ~-~-> 00:05:18,450
395		-a four hour basis. Again that 134 20
396		-
397		-100
398		-00:05:18,450 ~-~-> 00:05:19,500
399		-level, keep that in mind.
400		-
401		-101
402		-00:05:20,700 ~-~-> 00:05:21,570
403		-Okay, we have
404		-
405		-102
406		-00:05:22,950 ~-~-> 00:05:25,500
407		-the four hour chart here, we have Mark
408		-
409		-103
410		-00:05:25,500 ~-~-> 00:05:26,490
411		-structure breaking
412		-
413		-104
414		-00:05:27,420 ~-~-> 00:05:27,960
415		-here,
416		-
417		-105
418		-00:05:29,160 ~-~-> 00:05:32,430
419		-breaking this high here, coming back
420		-
421		-106
422		-00:05:32,430 ~-~-> 00:05:35,910
423		-down, trading into this previous order
424		-
425		-107
426		-00:05:35,910 ~-~-> 00:05:40,170
427		-block. Okay, and we're going to put a
428		-
429		-108
430		-00:05:41,250 ~-~-> 00:05:42,900
431		-few different order blocks on this
432		-
433		-109
434		-00:05:42,900 ~-~-> 00:05:47,280
435		-chart. Okay, price dips and dips into it
436		-
437		-110
438		-00:05:47,280 ~-~-> 00:05:51,900
439		-rather, right in here. And we also have
440		-
441		-111
442		-00:05:51,930 ~-~-> 00:05:54,390
443		-market structure breaking and confirming
444		-
445		-112
446		-00:05:54,420 ~-~-> 00:05:57,180
447		-even further here with another order
448		-
449		-113
450		-00:05:57,180 ~-~-> 00:06:00,000
451		-block here that we will reference
452		-
453		-114
454		-00:06:03,149 ~-~-> 00:06:03,929
455		-Okay, so
456		-
457		-115
458		-00:06:04,919 ~-~-> 00:06:09,749
459		-again we have this block and this block
460		-
461		-116
462		-00:06:10,859 ~-~-> 00:06:12,239
463		-and I'm going to just change the color
464		-
465		-117
466		-00:06:12,239 ~-~-> 00:06:15,149
467		-this one too. So, it can be slightly
468		-
469		-118
470		-00:06:15,149 ~-~-> 00:06:18,779
471		-different or in this case drastically
472		-
473		-119
474		-00:06:18,779 ~-~-> 00:06:22,709
475		-different. So, we have market structure
476		-
477		-120
478		-00:06:22,739 ~-~-> 00:06:27,359
479		-again shifted bullish here, the low was
480		-
481		-121
482		-00:06:27,359 ~-~-> 00:06:29,999
483		-maintained here made a higher high here.
484		-
485		-122
486		-00:06:30,389 ~-~-> 00:06:34,169
487		-So this low is sensitive words we want
488		-
489		-123
490		-00:06:34,169 ~-~-> 00:06:36,779
491		-to see price anticipate rather price
492		-
493		-124
494		-00:06:36,779 ~-~-> 00:06:40,169
495		-staying above this low. Okay, but let's
496		-
497		-125
498		-00:06:40,199 ~-~-> 00:06:42,239
499		-pour fib across
500		-
501		-126
502		-00:06:43,410 ~-~-> 00:06:48,360
503		-these ranges. Okay, we
504		-
505		-127
506		-00:06:48,360 ~-~-> 00:06:51,330
507		-have the low to high and price coming
508		-
509		-128
510		-00:06:51,330 ~-~-> 00:06:52,860
511		-down to the 79 cent tracing level that
512		-
513		-129
514		-00:06:52,860 ~-~-> 00:06:56,460
515		-134 76 level. So it really that 134 as a
516		-
517		-130
518		-00:06:56,460 ~-~-> 00:06:58,530
519		-really handsome area that one could
520		-
521		-131
522		-00:06:58,530 ~-~-> 00:07:00,990
523		-utilize to get long. The fiber really
524		-
525		-132
526		-00:07:00,990 ~-~-> 00:07:05,400
527		-likes the ac 20s and 50s. In price did
528		-
529		-133
530		-00:07:05,490 ~-~-> 00:07:07,050
531		-obviously give you an opportunity to be
532		-
533		-134
534		-00:07:07,050 ~-~-> 00:07:10,350
535		-a buyer here, but moving forward, okay,
536		-
537		-135
538		-00:07:10,350 ~-~-> 00:07:12,300
539		-that's what we're at now we're gonna
540		-
541		-136
542		-00:07:12,300 ~-~-> 00:07:15,810
543		-look at examples. Okay based on the idea
544		-
545		-137
546		-00:07:16,320 ~-~-> 00:07:19,260
547		-what we shared in Part Four. Okay, this
548		-
549		-138
550		-00:07:19,260 ~-~-> 00:07:20,580
551		-was the order block that would have been
552		-
553		-139
554		-00:07:20,580 ~-~-> 00:07:22,560
555		-staring you in the face at the time of
556		-
557		-140
558		-00:07:22,590 ~-~-> 00:07:25,920
559		-the last release of part four of ICT
560		-
561		-141
562		-00:07:26,580 ~-~-> 00:07:30,840
563		-scout sniper field training guide. Price
564		-
565		-142
566		-00:07:30,840 ~-~-> 00:07:32,670
567		-comes right down here is the date that
568		-
569		-143
570		-00:07:32,670 ~-~-> 00:07:35,190
571		-the market I'm sorry, the video was
572		-
573		-144
574		-00:07:35,190 ~-~-> 00:07:38,550
575		-released right in here. And this is
576		-
577		-145
578		-00:07:38,550 ~-~-> 00:07:43,290
579		-where if you look at the the swing here
580		-
581		-146
582		-00:07:45,690 ~-~-> 00:07:49,290
583		-here's the price swing. And you know
584		-
585		-147
586		-00:07:49,290 ~-~-> 00:07:50,760
587		-that's a nice attrition level right in
588		-
589		-148
590		-00:07:50,760 ~-~-> 00:07:53,790
591		-here. Okay, and price trades down gives
592		-
593		-149
594		-00:07:53,790 ~-~-> 00:07:55,650
595		-you a nice hammer See that? That's a
596		-
597		-150
598		-00:07:55,650 ~-~-> 00:07:58,590
599		-very nice confirmation in terms of
600		-
601		-151
602		-00:07:58,950 ~-~-> 00:08:00,900
603		-candlestick patterns. Okay, just
604		-
605		-152
606		-00:08:00,900 ~-~-> 00:08:02,370
607		-candlestick pattern alone means nothing.
608		-
609		-153
610		-00:08:02,370 ~-~-> 00:08:04,320
611		-But when you have this couple with an
612		-
613		-154
614		-00:08:04,320 ~-~-> 00:08:06,390
615		-order block, it dips into right here and
616		-
617		-155
618		-00:08:06,390 ~-~-> 00:08:07,620
619		-I guess it'd be a little bit more
620		-
621		-156
622		-00:08:07,620 ~-~-> 00:08:10,200
623		-helpful to do that over here for you to
624		-
625		-157
626		-00:08:10,200 ~-~-> 00:08:12,210
627		-illustrate what specifically I'm
628		-
629		-158
630		-00:08:12,240 ~-~-> 00:08:17,250
631		-referring to. And also, let's go back to
632		-
633		-159
634		-00:08:17,250 ~-~-> 00:08:21,840
635		-that 134 20 level. Okay? I'm just gonna
636		-
637		-160
638		-00:08:21,870 ~-~-> 00:08:23,850
639		-squeeze this chart up a little bit,
640		-
641		-161
642		-00:08:24,870 ~-~-> 00:08:25,860
643		-because we need to
644		-
645		-162
646		-00:08:28,650 ~-~-> 00:08:29,250
647		-reference a
648		-
649		-163
650		-00:08:30,930 ~-~-> 00:08:38,310
651		-level that's outside of the view. Okay,
652		-
653		-164
654		-00:08:38,310 ~-~-> 00:08:41,790
655		-here's that 134 20 level. Alright. And
656		-
657		-165
658		-00:08:41,790 ~-~-> 00:08:45,480
659		-again, we're referencing this old high.
660		-
661		-166
662		-00:08:46,680 ~-~-> 00:08:48,390
663		-Okay, so let's go back to that chart.
664		-
665		-167
666		-00:08:49,380 ~-~-> 00:08:52,110
667		-And we're going to use our fib from that
668		-
669		-168
670		-00:08:52,110 ~-~-> 00:08:57,000
671		-level. Up to this price point right
672		-
673		-169
674		-00:08:57,330 ~-~-> 00:09:02,220
675		-there. Okay. So we have the 62% tracer
676		-
677		-170
678		-00:09:02,220 ~-~-> 00:09:04,860
679		-level coming in there and that 134 74
680		-
681		-171
682		-00:09:04,860 ~-~-> 00:09:08,070
683		-level. Okay, so by itself between here
684		-
685		-172
686		-00:09:08,160 ~-~-> 00:09:10,860
687		-and here, this is an area where we could
688		-
689		-173
690		-00:09:10,860 ~-~-> 00:09:13,020
691		-reasonably expect to see price bounce if
692		-
693		-174
694		-00:09:13,020 ~-~-> 00:09:17,190
695		-we're using that range, okay? And the
696		-
697		-175
698		-00:09:17,190 ~-~-> 00:09:18,720
699		-134 50 level here.
700		-
701		-176
702		-00:09:21,030 ~-~-> 00:09:21,750
703		-Let's draw
704		-
705		-177
706		-00:09:23,550 ~-~-> 00:09:24,300
707		-our fib
708		-
709		-178
710		-00:09:28,470 ~-~-> 00:09:29,910
711		-from that reference point
712		-
713		-179
714		-00:09:35,430 ~-~-> 00:09:39,450
715		-and we have price moving within the auto
716		-
717		-180
718		-00:09:39,450 ~-~-> 00:09:40,620
719		-trading or trading right down to that
720		-
721		-181
722		-00:09:40,620 ~-~-> 00:09:45,810
723		-sweet spot. Market doing it with the
724		-
725		-182
726		-00:09:45,810 ~-~-> 00:09:46,320
727		-mouse
728		-
729		-183
730		-00:09:47,550 ~-~-> 00:09:49,200
731		-price trades up.
732		-
733		-184
734		-00:09:54,510 ~-~-> 00:09:57,180
735		-Okay, and so we had one optimal trade
736		-
737		-185
738		-00:09:57,180 ~-~-> 00:09:59,610
739		-entry in here. Price rallies up we have
740		-
741		-186
742		-00:09:59,610 ~-~-> 00:10:01,050
743		-another order block right in here
744		-
745		-187
746		-00:10:02,370 ~-~-> 00:10:03,450
747		-on this kind of borrow
748		-
749		-188
750		-00:10:04,800 ~-~-> 00:10:11,400
751		-this range. Okay?
752		-
753		-189
754		-00:10:11,880 ~-~-> 00:10:15,930
755		-And if price dips down into that we
756		-
757		-190
758		-00:10:15,930 ~-~-> 00:10:21,090
759		-could be a buyer again. Okay again this
760		-
761		-191
762		-00:10:21,090 ~-~-> 00:10:26,160
763		-is for our chart. Okay so 134 94 130 508
764		-
765		-192
766		-00:10:26,340 ~-~-> 00:10:29,280
767		-the range in between here is a nice
768		-
769		-193
770		-00:10:29,280 ~-~-> 00:10:32,310
771		-level to anticipate a possible Buying
772		-
773		-194
774		-00:10:32,310 ~-~-> 00:10:34,050
775		-Opportunity should price get back down
776		-
777		-195
778		-00:10:34,050 ~-~-> 00:10:39,660
779		-into this order block and the fibs price
780		-
781		-196
782		-00:10:39,660 ~-~-> 00:10:41,400
783		-trades right down to that 62% tray so
784		-
785		-197
786		-00:10:41,400 ~-~-> 00:10:44,100
787		-I'm waiting here. I like these two
788		-
789		-198
790		-00:10:44,100 ~-~-> 00:10:46,110
791		-candles like that it's nicest tweezers.
792		-
793		-199
794		-00:10:48,960 ~-~-> 00:10:51,780
795		-Price coming straight down again, dips
796		-
797		-200
798		-00:10:51,810 ~-~-> 00:10:54,870
799		-right down to that 135 almost a 135
800		-
801		-201
802		-00:10:54,870 ~-~-> 00:10:58,560
803		-figure, big figure and realize up
804		-
805		-202
806		-00:10:58,920 ~-~-> 00:11:04,140
807		-aggressively And you can see we moved up
808		-
809		-203
810		-00:11:04,440 ~-~-> 00:11:05,370
811		-pretty handsomely
812		-
813		-204
814		-00:11:09,059 ~-~-> 00:11:09,869
815		-Okay, so you have
816		-
817		-205
818		-00:11:11,280 ~-~-> 00:11:14,160
819		-a few opportunities in here where it was
820		-
821		-206
822		-00:11:14,160 ~-~-> 00:11:16,290
823		-obvious that you know the higher prices
824		-
825		-207
826		-00:11:16,290 ~-~-> 00:11:17,790
827		-that we were calling these are the
828		-
829		-208
830		-00:11:17,790 ~-~-> 00:11:20,250
831		-setups that were available to you and
832		-
833		-209
834		-00:11:21,870 ~-~-> 00:11:25,170
835		-ultimately price did trade lower here we
836		-
837		-210
838		-00:11:25,170 ~-~-> 00:11:29,790
839		-broke a significant low and let's look
840		-
841		-211
842		-00:11:29,790 ~-~-> 00:11:31,740
843		-at that for a moment because I was asked
844		-
845		-212
846		-00:11:31,740 ~-~-> 00:11:36,840
847		-in Twitter to give an example of bearish
848		-
849		-213
850		-00:11:36,960 ~-~-> 00:11:39,360
851		-environment where could use this
852		-
853		-214
854		-00:11:39,360 ~-~-> 00:11:42,750
855		-information so we have the bullish
856		-
857		-215
858		-00:11:42,750 ~-~-> 00:11:44,910
859		-candle prior to move down okay inside of
860		-
861		-216
862		-00:11:44,910 ~-~-> 00:11:47,430
863		-this area here because big candle
864		-
865		-217
866		-00:11:47,940 ~-~-> 00:11:49,530
867		-institutions were selling into that.
868		-
869		-218
870		-00:11:50,220 ~-~-> 00:11:52,920
871		-Okay, and market rally I'm sorry,
872		-
873		-219
874		-00:11:53,070 ~-~-> 00:11:55,410
875		-declined. And what you want to do is you
876		-
877		-220
878		-00:11:55,410 ~-~-> 00:11:56,940
879		-want to see price try to trade right
880		-
881		-221
882		-00:11:56,940 ~-~-> 00:12:00,720
883		-back up into that level. Exactly. Block.
884		-
885		-222
886		-00:12:02,820 ~-~-> 00:12:03,390
887		-And
888		-
889		-223
890		-00:12:05,490 ~-~-> 00:12:06,900
891		-let's use
892		-
893		-224
894		-00:12:09,059 ~-~-> 00:12:10,199
895		-price points
896		-
897		-225
898		-00:12:13,889 ~-~-> 00:12:17,849
899		-136 swing institutional, which is
900		-
901		-226
902		-00:12:17,849 ~-~-> 00:12:19,649
903		-essentially in the area of this candle,
904		-
905		-227
906		-00:12:20,489 ~-~-> 00:12:24,269
907		-we could use 136 figure, but it's very
908		-
909		-228
910		-00:12:24,269 ~-~-> 00:12:26,849
911		-close to the level here. So I want to be
912		-
913		-229
914		-00:12:26,849 ~-~-> 00:12:28,379
915		-outside of the range with the
916		-
917		-230
918		-00:12:28,379 ~-~-> 00:12:32,309
919		-expectation that this this market may in
920		-
921		-231
922		-00:12:32,309 ~-~-> 00:12:38,549
923		-fact, rollover. Okay, I'm using the
924		-
925		-232
926		-00:12:38,549 ~-~-> 00:12:40,889
927		-lowest low here, okay, prior to that
928		-
929		-233
930		-00:12:41,759 ~-~-> 00:12:44,519
931		-136 20. So the range is between this low
932		-
933		-234
934		-00:12:45,119 ~-~-> 00:12:46,349
935		-and the institutional level, which is
936		-
937		-235
938		-00:12:46,349 ~-~-> 00:12:48,719
939		-essentially where this is keying off of.
940		-
941		-236
942		-00:12:50,369 ~-~-> 00:12:52,229
943		-And if price gets up into these levels
944		-
945		-237
946		-00:12:52,229 ~-~-> 00:12:56,699
947		-here, we could be a seller. see that
948		-
949		-238
950		-00:12:56,699 ~-~-> 00:13:00,839
951		-happening? there? Okay. Notice that we
952		-
953		-239
954		-00:13:00,839 ~-~-> 00:13:03,749
955		-dipped above this level. So we went back
956		-
957		-240
958		-00:13:03,749 ~-~-> 00:13:06,539
959		-inside of the order block here. And we
960		-
961		-241
962		-00:13:06,539 ~-~-> 00:13:08,129
963		-had a nice Apple trade entry, boom.
964		-
965		-242
966		-00:13:08,519 ~-~-> 00:13:12,839
967		-Okay? If you want to go to the basic ot
968		-
969		-243
970		-00:13:24,030 ~-~-> 00:13:27,960
971		-you can use this swing high and this
972		-
973		-244
974		-00:13:27,960 ~-~-> 00:13:29,910
975		-swing high, okay? But I'm going to show
976		-
977		-245
978		-00:13:29,910 ~-~-> 00:13:33,720
979		-you the highest high down to that low.
980		-
981		-246
982		-00:13:34,500 ~-~-> 00:13:37,380
983		-Okay, we got just a equilibrium point,
984		-
985		-247
986		-00:13:37,650 ~-~-> 00:13:40,200
987		-okay, which really isn't beneficial to
988		-
989		-248
990		-00:13:40,200 ~-~-> 00:13:40,500
991		-me.
992		-
993		-249
994		-00:13:44,910 ~-~-> 00:13:45,750
995		-If we use
996		-
997		-250
998		-00:13:47,220 ~-~-> 00:13:50,880
999		-this swing high here, he bang up into
1000		-
1001		-251
1002		-00:13:50,880 ~-~-> 00:13:53,010
1003		-that 62% trace level and still inside
1004		-
1005		-252
1006		-00:13:53,010 ~-~-> 00:13:54,900
1007		-the order block, but notice the candles,
1008		-
1009		-253
1010		-00:13:55,380 ~-~-> 00:13:56,940
1011		-were unable to have any of their bodies
1012		-
1013		-254
1014		-00:13:56,970 ~-~-> 00:14:00,660
1015		-within that realm. It's only the Wix
1016		-
1017		-255
1018		-00:14:01,200 ~-~-> 00:14:05,190
1019		-then it was rejected and traded off. We
1020		-
1021		-256
1022		-00:14:05,190 ~-~-> 00:14:07,260
1023		-had obviously another retracement
1024		-
1025		-257
1026		-00:14:09,450 ~-~-> 00:14:10,590
1027		-let's get the fib off.
1028		-
1029		-258
1030		-00:14:16,920 ~-~-> 00:14:19,800
1031		-Okay, we have an order block here.
1032		-
1033		-259
1034		-00:14:25,470 ~-~-> 00:14:29,280
1035		-Okay, price slipped lower. If trades
1036		-
1037		-260
1038		-00:14:29,280 ~-~-> 00:14:31,020
1039		-back up into this area or a little bit
1040		-
1041		-261
1042		-00:14:31,020 ~-~-> 00:14:39,420
1043		-higher we could look for a so and price
1044		-
1045		-262
1046		-00:14:39,420 ~-~-> 00:14:41,010
1047		-occasion on chain trading trades right
1048		-
1049		-263
1050		-00:14:41,010 ~-~-> 00:14:42,900
1051		-in here. But where does it go right back
1052		-
1053		-264
1054		-00:14:42,900 ~-~-> 00:14:46,410
1055		-into an old order blocks sent it higher
1056		-
1057		-265
1058		-00:14:46,410 ~-~-> 00:14:49,170
1059		-here and this is where we're trading at
1060		-
1061		-266
1062		-00:14:49,170 ~-~-> 00:14:55,950
1063		-now. Okay. So, again, that's the fiber
1064		-
1065		-267
1066		-00:14:56,490 ~-~-> 00:14:57,210
1067		-and if you
1068		-
1069		-268
1070		-00:14:59,610 ~-~-> 00:15:00,450
1071		-go back out.
1072		-
1073		-269
1074		-00:15:02,129 ~-~-> 00:15:04,649
1075		-And we're going to look at this, this
1076		-
1077		-270
1078		-00:15:04,649 ~-~-> 00:15:06,269
1079		-particular order block here and this
1080		-
1081		-271
1082		-00:15:06,299 ~-~-> 00:15:12,839
1083		-occurred on the 30th. So the day of the
1084		-
1085		-272
1086		-00:15:12,839 ~-~-> 00:15:17,759
1087		-release of the episode for, okay, this,
1088		-
1089		-273
1090		-00:15:18,239 ~-~-> 00:15:20,549
1091		-this breakout started moving higher, and
1092		-
1093		-274
1094		-00:15:20,549 ~-~-> 00:15:22,199
1095		-price moving back into this little block
1096		-
1097		-275
1098		-00:15:22,199 ~-~-> 00:15:23,279
1099		-here would be
1100		-
1101		-276
1102		-00:15:24,900 ~-~-> 00:15:26,010
1103		-indicative of
1104		-
1105		-277
1106		-00:15:27,450 ~-~-> 00:15:30,090
1107		-a buy opportunity. So we're going to
1108		-
1109		-278
1110		-00:15:30,090 ~-~-> 00:15:32,520
1111		-look at how price dipped into it here on
1112		-
1113		-279
1114		-00:15:33,570 ~-~-> 00:15:35,040
1115		-the second of October.
1116		-
1117		-280
1118		-00:15:38,520 ~-~-> 00:15:39,150
1119		-And
1120		-
1121		-281
1122		-00:15:40,980 ~-~-> 00:15:41,790
1123		-we're going to just
1124		-
1125		-282
1126		-00:15:42,870 ~-~-> 00:15:45,030
1127		-take this old thing here and drop it
1128		-
1129		-283
1130		-00:15:45,030 ~-~-> 00:15:48,300
1131		-right on there. And it should when we go
1132		-
1133		-284
1134		-00:15:48,300 ~-~-> 00:15:50,010
1135		-down to a five minute chart should drop
1136		-
1137		-285
1138		-00:15:50,010 ~-~-> 00:15:55,830
1139		-us into the New York session. Wallah.
1140		-
1141		-286
1142		-00:15:56,070 ~-~-> 00:15:59,820
1143		-There we go. So, price drops down into
1144		-
1145		-287
1146		-00:15:59,820 ~-~-> 00:16:03,990
1147		-it. You're right there, and you get that
1148		-
1149		-288
1150		-00:16:03,990 ~-~-> 00:16:07,110
1151		-explosive rally up. Do you think
1152		-
1153		-289
1154		-00:16:07,110 ~-~-> 00:16:09,990
1155		-institutions were behind that move? Or
1156		-
1157		-290
1158		-00:16:09,990 ~-~-> 00:16:13,740
1159		-you think it was Joe public? Clearly,
1160		-
1161		-291
1162		-00:16:13,890 ~-~-> 00:16:16,350
1163		-institutions, okay. And then obviously
1164		-
1165		-292
1166		-00:16:16,350 ~-~-> 00:16:17,130
1167		-you can see how price
1168		-
1169		-293
1170		-00:16:17,790 ~-~-> 00:16:18,720
1171		-rolled on higher.
1172		-
1173		-294
1174		-00:16:22,740 ~-~-> 00:16:24,840
1175		-And the exercises that you were
1176		-
1177		-295
1178		-00:16:24,840 ~-~-> 00:16:29,640
1179		-instructed to do, were to utilize these
1180		-
1181		-296
1182		-00:16:29,640 ~-~-> 00:16:34,260
1183		-concepts and move forward. And you judge
1184		-
1185		-297
1186		-00:16:34,290 ~-~-> 00:16:37,830
1187		-whether or not they're useful to you. I
1188		-
1189		-298
1190		-00:16:37,830 ~-~-> 00:16:39,210
1191		-can assure you if you spend some time
1192		-
1193		-299
1194		-00:16:39,210 ~-~-> 00:16:39,570
1195		-with it,
1196		-
1197		-300
1198		-00:16:41,220 ~-~-> 00:16:42,240
1199		-you're going to find that
1200		-
1201		-301
1202		-00:16:43,200 ~-~-> 00:16:45,390
1203		-it's hard pressed to find something is
1204		-
1205		-302
1206		-00:16:45,390 ~-~-> 00:16:49,080
1207		-more accurate than what's being shared
1208		-
1209		-303
1210		-00:16:49,080 ~-~-> 00:16:53,400
1211		-in this video series because it doesn't
1212		-
1213		-304
1214		-00:16:53,400 ~-~-> 00:16:55,590
1215		-exist anywhere else. And
1216		-
1217		-305
1218		-00:16:56,970 ~-~-> 00:16:58,140
1219		-if I didn't make money with it,
1220		-
1221		-306
1222		-00:17:01,500 ~-~-> 00:17:05,070
1223		-I could sell the concepts and try to,
1224		-
1225		-307
1226		-00:17:05,160 ~-~-> 00:17:07,560
1227		-you know, build a service system around
1228		-
1229		-308
1230		-00:17:07,560 ~-~-> 00:17:10,890
1231		-it. But I'm not interested in doing I
1232		-
1233		-309
1234		-00:17:10,890 ~-~-> 00:17:13,500
1235		-make a lot more money actually utilizing
1236		-
1237		-310
1238		-00:17:13,500 ~-~-> 00:17:17,370
1239		-it. So it's obviously something that you
1240		-
1241		-311
1242		-00:17:17,370 ~-~-> 00:17:21,210
1243		-can learn on your own. And it's not just
1244		-
1245		-312
1246		-00:17:21,570 ~-~-> 00:17:24,240
1247		-this pair, okay? It's not just the
1248		-
1249		-313
1250		-00:17:24,240 ~-~-> 00:17:26,910
1251		-cable. Okay, British Pound USD, not the
1252		-
1253		-314
1254		-00:17:26,910 ~-~-> 00:17:29,430
1255		-pairs that ICT likes, it's, it's
1256		-
1257		-315
1258		-00:17:29,430 ~-~-> 00:17:31,980
1259		-universal. And because it is universal,
1260		-
1261		-316
1262		-00:17:31,980 ~-~-> 00:17:33,810
1263		-and you can use it in other pairs, and
1264		-
1265		-317
1266		-00:17:33,810 ~-~-> 00:17:34,920
1267		-we're going to take a look at that now
1268		-
1269		-318
1270		-00:17:34,920 ~-~-> 00:17:37,830
1271		-with two of the weirdest pairs in the
1272		-
1273		-319
1274		-00:17:37,830 ~-~-> 00:17:40,920
1275		-ICT repertoire. But we're gonna be
1276		-
1277		-320
1278		-00:17:40,920 ~-~-> 00:17:42,750
1279		-taking a look at the Canadian dollar and
1280		-
1281		-321
1282		-00:17:42,750 ~-~-> 00:17:44,820
1283		-Japanese yen. I know you're scratching
1284		-
1285		-322
1286		-00:17:44,820 ~-~-> 00:17:46,440
1287		-your head thinking what is that? And
1288		-
1289		-323
1290		-00:17:46,440 ~-~-> 00:17:49,230
1291		-then the Australian Japanese yen. Okay,
1292		-
1293		-324
1294		-00:17:49,560 ~-~-> 00:17:51,300
1295		-so take a look at those now. Okay,
1296		-
1297		-325
1298		-00:17:51,300 ~-~-> 00:17:52,860
1299		-folks, we're looking at a pair that I
1300		-
1301		-326
1302		-00:17:53,400 ~-~-> 00:17:55,560
1303		-never trade. But I just want to give you
1304		-
1305		-327
1306		-00:17:55,560 ~-~-> 00:17:59,280
1307		-these examples to kind of frame the
1308		-
1309		-328
1310		-00:17:59,310 ~-~-> 00:18:01,500
1311		-universal app. occation of these
1312		-
1313		-329
1314		-00:18:01,500 ~-~-> 00:18:04,590
1315		-concepts and really communicate that
1316		-
1317		-330
1318		-00:18:04,620 ~-~-> 00:18:07,410
1319		-it's not limited just to the fiber and
1320		-
1321		-331
1322		-00:18:07,410 ~-~-> 00:18:10,920
1323		-cable, which I mean predominantly my, my
1324		-
1325		-332
1326		-00:18:10,920 ~-~-> 00:18:14,340
1327		-pet pairs in the Forex market. I like to
1328		-
1329		-333
1330		-00:18:14,340 ~-~-> 00:18:17,310
1331		-stay within the majors. But if you are
1332		-
1333		-334
1334		-00:18:17,310 ~-~-> 00:18:19,020
1335		-just really one of those types of
1336		-
1337		-335
1338		-00:18:19,020 ~-~-> 00:18:20,190
1339		-traders where you just have to be
1340		-
1341		-336
1342		-00:18:20,190 ~-~-> 00:18:22,710
1343		-trading these exotic pairs, well, you
1344		-
1345		-337
1346		-00:18:22,710 ~-~-> 00:18:24,900
1347		-know, it still works, but I just simply
1348		-
1349		-338
1350		-00:18:25,260 ~-~-> 00:18:28,140
1351		-don't trade it myself. Okay, so, we're
1352		-
1353		-339
1354		-00:18:28,140 ~-~-> 00:18:31,230
1355		-gonna look at this example. It's a four
1356		-
1357		-340
1358		-00:18:31,230 ~-~-> 00:18:33,750
1359		-hour chart on the Canadian dollar in
1360		-
1361		-341
1362		-00:18:33,750 ~-~-> 00:18:37,560
1363		-Japanese yen pair. And I generally don't
1364		-
1365		-342
1366		-00:18:37,560 ~-~-> 00:18:40,050
1367		-like to trade in pairs, but you know,
1368		-
1369		-343
1370		-00:18:40,050 ~-~-> 00:18:41,760
1371		-again, just to illustrate the
1372		-
1373		-344
1374		-00:18:41,850 ~-~-> 00:18:45,930
1375		-effectiveness of the tools. I want to
1376		-
1377		-345
1378		-00:18:45,930 ~-~-> 00:18:47,010
1379		-draw your attention to the fact that we
1380		-
1381		-346
1382		-00:18:47,010 ~-~-> 00:18:49,440
1383		-had this nice rally up, can we get this
1384		-
1385		-347
1386		-00:18:49,440 ~-~-> 00:18:53,580
1387		-really really rapid increase in price?
1388		-
1389		-348
1390		-00:18:54,300 ~-~-> 00:18:57,570
1391		-About 500 pips or more, between the low
1392		-
1393		-349
1394		-00:18:57,570 ~-~-> 00:19:00,300
1395		-here in August, the high formed late In
1396		-
1397		-350
1398		-00:19:00,510 ~-~-> 00:19:02,970
1399		-September, and I want to draw your
1400		-
1401		-351
1402		-00:19:02,970 ~-~-> 00:19:04,620
1403		-attention to the fact that we had a few
1404		-
1405		-352
1406		-00:19:04,620 ~-~-> 00:19:08,070
1407		-areas of where price could reasonably
1408		-
1409		-353
1410		-00:19:08,070 ~-~-> 00:19:12,180
1411		-expect to see a bounce. You see this
1412		-
1413		-354
1414		-00:19:12,210 ~-~-> 00:19:14,310
1415		-consolidation in here, and we had a
1416		-
1417		-355
1418		-00:19:14,310 ~-~-> 00:19:17,520
1419		-consolidation here as well. Notice
1420		-
1421		-356
1422		-00:19:17,520 ~-~-> 00:19:19,950
1423		-they're accumulating around old highs
1424		-
1425		-357
1426		-00:19:19,950 ~-~-> 00:19:21,300
1427		-and lows here to the left side of your
1428		-
1429		-358
1430		-00:19:21,300 ~-~-> 00:19:23,550
1431		-chart. Let me draw your attention
1432		-
1433		-359
1434		-00:19:23,580 ~-~-> 00:19:25,530
1435		-specifically to this one right here.
1436		-
1437		-360
1438		-00:19:25,680 ~-~-> 00:19:29,100
1439		-Okay, this is a down candle within this
1440		-
1441		-361
1442		-00:19:29,100 ~-~-> 00:19:31,380
1443		-consolidation prior to the move out of
1444		-
1445		-362
1446		-00:19:31,380 ~-~-> 00:19:32,700
1447		-this consolidation onwards, we're going
1448		-
1449		-363
1450		-00:19:32,700 ~-~-> 00:19:35,880
1451		-to be using the high of that candle as
1452		-
1453		-364
1454		-00:19:35,880 ~-~-> 00:19:38,880
1455		-the beginning point of where a
1456		-
1457		-365
1458		-00:19:39,300 ~-~-> 00:19:41,460
1459		-institutional order block may reside.
1460		-
1461		-366
1462		-00:19:42,090 ~-~-> 00:19:44,490
1463		-Okay, and there's a few things that we
1464		-
1465		-367
1466		-00:19:44,490 ~-~-> 00:19:48,570
1467		-could be utilizing in this setup. We
1468		-
1469		-368
1470		-00:19:48,570 ~-~-> 00:19:52,380
1471		-could be referring to this swing low
1472		-
1473		-369
1474		-00:19:52,380 ~-~-> 00:19:58,920
1475		-here, prior to this rally up. Okay,
1476		-
1477		-370
1478		-00:19:58,920 ~-~-> 00:20:00,780
1479		-we're going to use the highest Hi, which
1480		-
1481		-371
1482		-00:20:00,780 ~-~-> 00:20:03,480
1483		-is this one right here. Okay, notice we
1484		-
1485		-372
1486		-00:20:03,480 ~-~-> 00:20:07,770
1487		-have a 62% optimal trade entry overlaid
1488		-
1489		-373
1490		-00:20:07,770 ~-~-> 00:20:10,650
1491		-right here. Okay? See how that's very
1492		-
1493		-374
1494		-00:20:10,650 ~-~-> 00:20:14,640
1495		-close to proximity of that 9460 we got
1496		-
1497		-375
1498		-00:20:14,640 ~-~-> 00:20:16,740
1499		-9465 there's only a variance of five
1500		-
1501		-376
1502		-00:20:16,740 ~-~-> 00:20:19,770
1503		-pips. Nothing wrong with that. Okay. So
1504		-
1505		-377
1506		-00:20:20,040 ~-~-> 00:20:26,700
1507		-anywhere between the 9465 9460, maybe
1508		-
1509		-378
1510		-00:20:26,700 ~-~-> 00:20:29,550
1511		-even 55 level to allow for some
1512		-
1513		-379
1514		-00:20:29,550 ~-~-> 00:20:31,950
1515		-slippage. To allow these orders to be
1516		-
1517		-380
1518		-00:20:32,430 ~-~-> 00:20:34,980
1519		-pinged. We could see a nice little
1520		-
1521		-381
1522		-00:20:35,220 ~-~-> 00:20:42,780
1523		-bounce in here, okay, and another area
1524		-
1525		-382
1526		-00:20:44,130 ~-~-> 00:20:46,170
1527		-where we have consolidation which is in
1528		-
1529		-383
1530		-00:20:46,170 ~-~-> 00:20:48,720
1531		-here, okay, prior to the rally up out of
1532		-
1533		-384
1534		-00:20:48,720 ~-~-> 00:20:51,210
1535		-that consolidation, the down candle
1536		-
1537		-385
1538		-00:20:51,270 ~-~-> 00:20:53,280
1539		-prior to the move is right in here.
1540		-
1541		-386
1542		-00:20:55,260 ~-~-> 00:20:56,460
1543		-Okay, so we're gonna use the high that
1544		-
1545		-387
1546		-00:20:56,460 ~-~-> 00:20:59,970
1547		-candle right in there. Okay, and if
1548		-
1549		-388
1550		-00:21:00,000 ~-~-> 00:21:03,690
1551		-Price trades lower in much deeper into
1552		-
1553		-389
1554		-00:21:03,690 ~-~-> 00:21:06,540
1555		-that price swing. Okay, we could use
1556		-
1557		-390
1558		-00:21:06,960 ~-~-> 00:21:09,990
1559		-this low to this high because we're
1560		-
1561		-391
1562		-00:21:09,990 ~-~-> 00:21:11,460
1563		-looking at the range between the low
1564		-
1565		-392
1566		-00:21:11,460 ~-~-> 00:21:13,470
1567		-here and the high here much in the same
1568		-
1569		-393
1570		-00:21:13,470 ~-~-> 00:21:16,350
1571		-way we did this low to this high. Okay?
1572		-
1573		-394
1574		-00:21:16,740 ~-~-> 00:21:18,360
1575		-Notice we have the 79 cent tradesmen
1576		-
1577		-395
1578		-00:21:18,360 ~-~-> 00:21:21,450
1579		-level laying right on that same order
1580		-
1581		-396
1582		-00:21:21,450 ~-~-> 00:21:24,990
1583		-block. Okay. So, if the optimal trade
1584		-
1585		-397
1586		-00:21:24,990 ~-~-> 00:21:28,500
1587		-entry sees price come trading down into
1588		-
1589		-398
1590		-00:21:28,500 ~-~-> 00:21:30,510
1591		-these levels here, that could be a
1592		-
1593		-399
1594		-00:21:30,510 ~-~-> 00:21:32,970
1595		-favorable area to be anticipating a
1596		-
1597		-400
1598		-00:21:33,330 ~-~-> 00:21:36,870
1599		-bounce as well. Now again, all these
1600		-
1601		-401
1602		-00:21:36,870 ~-~-> 00:21:40,530
1603		-levels do our highlight areas where on
1604		-
1605		-402
1606		-00:21:40,530 ~-~-> 00:21:43,620
1607		-the smaller timeframe, price entry
1608		-
1609		-403
1610		-00:21:43,650 ~-~-> 00:21:47,400
1611		-patterns formulate, okay or come to
1612		-
1613		-404
1614		-00:21:47,400 ~-~-> 00:21:49,410
1615		-fruition. And since we're teaching the
1616		-
1617		-405
1618		-00:21:49,410 ~-~-> 00:21:51,570
1619		-optimal trade entry, which is the
1620		-
1621		-406
1622		-00:21:51,600 ~-~-> 00:21:53,400
1623		-retracement inside of a price swing
1624		-
1625		-407
1626		-00:21:53,400 ~-~-> 00:21:55,560
1627		-between 62 and setting us up tracing the
1628		-
1629		-408
1630		-00:21:55,560 ~-~-> 00:21:59,100
1631		-level we would like to see a price
1632		-
1633		-409
1634		-00:21:59,100 ~-~-> 00:22:01,410
1635		-pattern in The same capacity and the
1636		-
1637		-410
1638		-00:22:01,410 ~-~-> 00:22:02,430
1639		-fractal nature
1640		-
1641		-411
1642		-00:22:02,730 ~-~-> 00:22:05,610
1643		-on a smaller timeframe, ie five minute
1644		-
1645		-412
1646		-00:22:05,610 ~-~-> 00:22:09,360
1647		-15 minute. Okay, so with that said let's
1648		-
1649		-413
1650		-00:22:09,810 ~-~-> 00:22:12,480
1651		-take a look at what transpired. Okay,
1652		-
1653		-414
1654		-00:22:12,480 ~-~-> 00:22:14,670
1655		-first we're going to look at is here and
1656		-
1657		-415
1658		-00:22:14,670 ~-~-> 00:22:17,400
1659		-here the second one. Okay as price moves
1660		-
1661		-416
1662		-00:22:17,400 ~-~-> 00:22:20,040
1663		-along. Notice how price came right down
1664		-
1665		-417
1666		-00:22:20,040 ~-~-> 00:22:24,870
1667		-to that level right there. Okay. And
1668		-
1669		-418
1670		-00:22:24,870 ~-~-> 00:22:27,000
1671		-bounced up just in that little bounce
1672		-
1673		-419
1674		-00:22:27,000 ~-~-> 00:22:29,490
1675		-right there. We're looking at a
1676		-
1677		-420
1678		-00:22:29,490 ~-~-> 00:22:30,390
1679		-potential
1680		-
1681		-421
1682		-00:22:31,530 ~-~-> 00:22:32,070
1683		-for
1684		-
1685		-422
1686		-00:22:32,610 ~-~-> 00:22:36,630
1687		-price move of 100 pips. Okay, if you can
1688		-
1689		-423
1690		-00:22:36,630 ~-~-> 00:22:39,960
1691		-see that. The middle number here it's
1692		-
1693		-424
1694		-00:22:39,960 ~-~-> 00:22:43,470
1695		-100 pips. Nothing wrong with that. Okay,
1696		-
1697		-425
1698		-00:22:43,470 ~-~-> 00:22:45,000
1699		-and that's intraday again each one of
1700		-
1701		-426
1702		-00:22:45,000 ~-~-> 00:22:46,710
1703		-these candles represents a four hour
1704		-
1705		-427
1706		-00:22:46,710 ~-~-> 00:22:50,910
1707		-time period. Okay price and variably
1708		-
1709		-428
1710		-00:22:50,910 ~-~-> 00:22:53,820
1711		-goes lower trades in the direction of
1712		-
1713		-429
1714		-00:22:53,820 ~-~-> 00:22:56,940
1715		-the higher timeframe. retracement. Okay
1716		-
1717		-430
1718		-00:22:56,940 ~-~-> 00:22:59,760
1719		-and as price moves around comes back up.
1720		-
1721		-431
1722		-00:23:00,540 ~-~-> 00:23:04,590
1723		-Some resistance that same level twice,
1724		-
1725		-432
1726		-00:23:04,860 ~-~-> 00:23:06,600
1727		-and it moves down to what level that
1728		-
1729		-433
1730		-00:23:06,600 ~-~-> 00:23:10,830
1731		-9337 okay 9337. So we came right back
1732		-
1733		-434
1734		-00:23:10,830 ~-~-> 00:23:13,350
1735		-down to this point of origin, or this
1736		-
1737		-435
1738		-00:23:13,350 ~-~-> 00:23:16,110
1739		-initial price move originated. Okay,
1740		-
1741		-436
1742		-00:23:16,920 ~-~-> 00:23:19,680
1743		-price comes down, steps through it,
1744		-
1745		-437
1746		-00:23:20,160 ~-~-> 00:23:21,510
1747		-pinging any orders that would have been
1748		-
1749		-438
1750		-00:23:21,510 ~-~-> 00:23:26,790
1751		-around that 9335 to 9340 level. Okay?
1752		-
1753		-439
1754		-00:23:26,970 ~-~-> 00:23:31,020
1755		-And price proceeds to move up into
1756		-
1757		-440
1758		-00:23:31,020 ~-~-> 00:23:34,890
1759		-present market. If you look at where we
1760		-
1761		-441
1762		-00:23:34,890 ~-~-> 00:23:38,640
1763		-moved from this level here, up to the
1764		-
1765		-442
1766		-00:23:38,640 ~-~-> 00:23:40,380
1767		-high Now again, this is the best case
1768		-
1769		-443
1770		-00:23:40,380 ~-~-> 00:23:43,740
1771		-scenario. That's 180 plus pips. Okay,
1772		-
1773		-444
1774		-00:23:43,740 ~-~-> 00:23:46,920
1775		-just trading that bounce right here. Now
1776		-
1777		-445
1778		-00:23:46,920 ~-~-> 00:23:48,240
1779		-what we're going to do is we're going to
1780		-
1781		-446
1782		-00:23:48,450 ~-~-> 00:23:53,490
1783		-break that down and zoom in into both of
1784		-
1785		-447
1786		-00:23:53,490 ~-~-> 00:23:58,380
1787		-those areas to highlight where price
1788		-
1789		-448
1790		-00:23:59,280 ~-~-> 00:23:59,970
1791		-may have
1792		-
1793		-449
1794		-00:24:01,740 ~-~-> 00:24:02,850
1795		-Because we don't know I'm looking at
1796		-
1797		-450
1798		-00:24:02,850 ~-~-> 00:24:05,670
1799		-these examples the first time, so I may
1800		-
1801		-451
1802		-00:24:05,670 ~-~-> 00:24:08,130
1803		-be encountered with an opportunity that
1804		-
1805		-452
1806		-00:24:08,370 ~-~-> 00:24:11,700
1807		-wasn't there. Okay? But for now we're
1808		-
1809		-453
1810		-00:24:11,700 ~-~-> 00:24:14,070
1811		-just gonna take a look at this here. I'm
1812		-
1813		-454
1814		-00:24:14,070 ~-~-> 00:24:15,240
1815		-gonna price trades down into these
1816		-
1817		-455
1818		-00:24:15,240 ~-~-> 00:24:17,220
1819		-levels here, we want to be looking for
1820		-
1821		-456
1822		-00:24:17,460 ~-~-> 00:24:20,280
1823		-an optimal trade entry to key off on a
1824		-
1825		-457
1826		-00:24:20,280 ~-~-> 00:24:22,260
1827		-lower timeframe. Okay, so we're going to
1828		-
1829		-458
1830		-00:24:22,260 ~-~-> 00:24:24,600
1831		-do that now. Okay, we're zoomed in on
1832		-
1833		-459
1834		-00:24:24,600 ~-~-> 00:24:26,130
1835		-the Canadian dollar Japanese yen pair to
1836		-
1837		-460
1838		-00:24:26,220 ~-~-> 00:24:27,510
1839		-the five minute chart. And this is the
1840		-
1841		-461
1842		-00:24:27,510 ~-~-> 00:24:30,120
1843		-first of the higher most price levels
1844		-
1845		-462
1846		-00:24:30,120 ~-~-> 00:24:31,320
1847		-that we're looking at on the four hour
1848		-
1849		-463
1850		-00:24:31,320 ~-~-> 00:24:35,940
1851		-chart. And this is the day that the last
1852		-
1853		-464
1854		-00:24:35,940 ~-~-> 00:24:38,820
1855		-video of this series was recorded and
1856		-
1857		-465
1858		-00:24:38,820 ~-~-> 00:24:40,890
1859		-posted on YouTube. This is September 30.
1860		-
1861		-466
1862		-00:24:42,120 ~-~-> 00:24:44,820
1863		-And we're moving down inside of this for
1864		-
1865		-467
1866		-00:24:44,820 ~-~-> 00:24:47,490
1867		-our order block, delineating with this
1868		-
1869		-468
1870		-00:24:47,520 ~-~-> 00:24:52,080
1871		-blue level in here. Okay, and when we
1872		-
1873		-469
1874		-00:24:52,920 ~-~-> 00:24:55,710
1875		-look for specific price patterns, okay,
1876		-
1877		-470
1878		-00:24:55,710 ~-~-> 00:24:56,730
1879		-there's a couple things we got to go
1880		-
1881		-471
1882		-00:24:56,730 ~-~-> 00:24:59,280
1883		-back to remember, we're in the fifth
1884		-
1885		-472
1886		-00:24:59,550 ~-~-> 00:25:01,590
1887		-part of this series but it's not that
1888		-
1889		-473
1890		-00:25:01,590 ~-~-> 00:25:03,060
1891		-you're supposed to forget everything we
1892		-
1893		-474
1894		-00:25:03,060 ~-~-> 00:25:04,260
1895		-learned and covered in the previous
1896		-
1897		-475
1898		-00:25:04,260 ~-~-> 00:25:06,900
1899		-videos. We're going to now go back
1900		-
1901		-476
1902		-00:25:07,020 ~-~-> 00:25:09,390
1903		-throughout the first four videos and
1904		-
1905		-477
1906		-00:25:09,390 ~-~-> 00:25:12,000
1907		-pull out some of the gems that you
1908		-
1909		-478
1910		-00:25:12,000 ~-~-> 00:25:13,740
1911		-should have been gleaning and keeping
1912		-
1913		-479
1914		-00:25:13,740 ~-~-> 00:25:15,990
1915		-track of on your little notepad. And
1916		-
1917		-480
1918		-00:25:16,590 ~-~-> 00:25:17,970
1919		-hopefully you can start seeing these
1920		-
1921		-481
1922		-00:25:17,970 ~-~-> 00:25:21,480
1923		-things start synergizing Okay, when we
1924		-
1925		-482
1926		-00:25:21,480 ~-~-> 00:25:23,730
1927		-see an order block like this, okay, much
1928		-
1929		-483
1930		-00:25:23,730 ~-~-> 00:25:25,140
1931		-like in high level timeframe, key
1932		-
1933		-484
1934		-00:25:25,140 ~-~-> 00:25:26,820
1935		-support resistance level, we are to
1936		-
1937		-485
1938		-00:25:26,820 ~-~-> 00:25:30,150
1939		-calibrate them. Okay, this level here
1940		-
1941		-486
1942		-00:25:30,150 ~-~-> 00:25:33,000
1943		-that 9460 is already calibrated to a
1944		-
1945		-487
1946		-00:25:33,000 ~-~-> 00:25:35,100
1947		-small round number. But now think in
1948		-
1949		-488
1950		-00:25:35,100 ~-~-> 00:25:38,490
1951		-terms of big round numbers. Okay, we
1952		-
1953		-489
1954		-00:25:38,490 ~-~-> 00:25:43,350
1955		-have the 9480 level, institutional up
1956		-
1957		-490
1958		-00:25:43,350 ~-~-> 00:25:45,390
1959		-here. Okay, so that's one level to be
1960		-
1961		-491
1962		-00:25:45,390 ~-~-> 00:25:47,040
1963		-considered. Okay, what we're gonna do is
1964		-
1965		-492
1966		-00:25:47,040 ~-~-> 00:25:53,160
1967		-we're gonna draw a line on that. Okay,
1968		-
1969		-493
1970		-00:25:53,190 ~-~-> 00:25:56,940
1971		-so that may be one of interest. And we
1972		-
1973		-494
1974		-00:25:56,940 ~-~-> 00:25:59,070
1975		-have one here this just a little bit
1976		-
1977		-495
1978		-00:25:59,100 ~-~-> 00:26:00,690
1979		-outside of the country. But you still
1980		-
1981		-496
1982		-00:26:00,690 ~-~-> 00:26:02,880
1983		-have to consider it because of static
1984		-
1985		-497
1986		-00:26:02,910 ~-~-> 00:26:05,850
1987		-alone. Okay? Just a normal volatility in
1988		-
1989		-498
1990		-00:26:05,850 ~-~-> 00:26:08,820
1991		-the marketplace. If it goes to 9460.
1992		-
1993		-499
1994		-00:26:09,150 ~-~-> 00:26:11,220
1995		-Okay, and your block dips below that,
1996		-
1997		-500
1998		-00:26:11,430 ~-~-> 00:26:15,810
1999		-chances are it could utilize the 9450
2000		-
2001		-501
2002		-00:26:15,810 ~-~-> 00:26:18,570
2003		-level, the big figure halfway part
2004		-
2005		-502
2006		-00:26:18,630 ~-~-> 00:26:21,600
2007		-nords. It's a mid figure. So what we're
2008		-
2009		-503
2010		-00:26:21,600 ~-~-> 00:26:24,360
2011		-going to do is we're going to have our
2012		-
2013		-504
2014		-00:26:24,360 ~-~-> 00:26:29,100
2015		-chart and I'm going to highlight that
2016		-
2017		-505
2018		-00:26:29,100 ~-~-> 00:26:35,250
2019		-level here. Okay? Now if you refer back
2020		-
2021		-506
2022		-00:26:35,250 ~-~-> 00:26:38,190
2023		-to the previous videos, okay, you're
2024		-
2025		-507
2026		-00:26:38,190 ~-~-> 00:26:41,160
2027		-gonna remember this term, hidden,
2028		-
2029		-508
2030		-00:26:41,250 ~-~-> 00:26:44,550
2031		-optimal trade entry. Okay? Remember
2032		-
2033		-509
2034		-00:26:44,550 ~-~-> 00:26:47,190
2035		-support and resistance, if it's good, it
2036		-
2037		-510
2038		-00:26:47,190 ~-~-> 00:26:50,640
2039		-won't go down to the level twice, okay?
2040		-
2041		-511
2042		-00:26:50,640 ~-~-> 00:26:52,800
2043		-In other words, it will be accumulated
2044		-
2045		-512
2046		-00:26:52,920 ~-~-> 00:26:55,830
2047		-and then it won't go back and dip down
2048		-
2049		-513
2050		-00:26:55,830 ~-~-> 00:26:57,330
2051		-further. That's the premise between
2052		-
2053		-514
2054		-00:26:57,330 ~-~-> 00:27:00,270
2055		-optimal trade entry. Well, sometimes We
2056		-
2057		-515
2058		-00:27:00,270 ~-~-> 00:27:04,230
2059		-don't necessarily have a specific price
2060		-
2061		-516
2062		-00:27:04,230 ~-~-> 00:27:06,570
2063		-action onwards, there's a gap between
2064		-
2065		-517
2066		-00:27:06,600 ~-~-> 00:27:09,270
2067		-the 50 level and we're price is trading
2068		-
2069		-518
2070		-00:27:09,270 ~-~-> 00:27:12,990
2071		-in here. Okay? Now remember, gaps don't
2072		-
2073		-519
2074		-00:27:13,020 ~-~-> 00:27:15,750
2075		-always have to be filled. And that
2076		-
2077		-520
2078		-00:27:15,750 ~-~-> 00:27:18,660
2079		-notion is one of the central tenants to
2080		-
2081		-521
2082		-00:27:18,660 ~-~-> 00:27:20,550
2083		-this pattern. And this is one of the
2084		-
2085		-522
2086		-00:27:20,550 ~-~-> 00:27:22,860
2087		-applications you can utilize for. So
2088		-
2089		-523
2090		-00:27:22,860 ~-~-> 00:27:23,940
2091		-we're going to do is we're going to have
2092		-
2093		-524
2094		-00:27:23,940 ~-~-> 00:27:26,520
2095		-our Fibonacci tool, okay. And our point
2096		-
2097		-525
2098		-00:27:26,550 ~-~-> 00:27:28,740
2099		-of reference here is this is the highest
2100		-
2101		-526
2102		-00:27:28,740 ~-~-> 00:27:32,940
2103		-high at the time, okay, going into this
2104		-
2105		-527
2106		-00:27:32,940 ~-~-> 00:27:34,230
2107		-order block, and we're going to
2108		-
2109		-528
2110		-00:27:34,260 ~-~-> 00:27:38,370
2111		-reference this 9450 level, okay? And you
2112		-
2113		-529
2114		-00:27:38,370 ~-~-> 00:27:40,770
2115		-pull this up, and what you're looking
2116		-
2117		-530
2118		-00:27:40,770 ~-~-> 00:27:42,390
2119		-for is you're going to drop it right on
2120		-
2121		-531
2122		-00:27:42,390 ~-~-> 00:27:45,330
2123		-the highest high like that. So you
2124		-
2125		-532
2126		-00:27:45,330 ~-~-> 00:27:49,380
2127		-anchored your 100 level, to the 9450,
2128		-
2129		-533
2130		-00:27:49,620 ~-~-> 00:27:52,050
2131		-mid figure point. Okay. And that's going
2132		-
2133		-534
2134		-00:27:52,050 ~-~-> 00:27:53,310
2135		-to give you a range between the mid
2136		-
2137		-535
2138		-00:27:53,310 ~-~-> 00:27:55,080
2139		-figure and the highest high in here.
2140		-
2141		-536
2142		-00:27:55,590 ~-~-> 00:27:57,720
2143		-Okay, now I've prices accumulating in
2144		-
2145		-537
2146		-00:27:57,720 ~-~-> 00:28:01,650
2147		-here now You are not going to see this
2148		-
2149		-538
2150		-00:28:01,650 ~-~-> 00:28:03,450
2151		-sibilant Fibonacci tool application
2152		-
2153		-539
2154		-00:28:03,480 ~-~-> 00:28:05,340
2155		-anywhere else. This is completely and
2156		-
2157		-540
2158		-00:28:05,430 ~-~-> 00:28:09,540
2159		-utterly unique to me, okay, now I catch
2160		-
2161		-541
2162		-00:28:09,540 ~-~-> 00:28:11,460
2163		-a lot of flack for this thing but also
2164		-
2165		-542
2166		-00:28:11,460 ~-~-> 00:28:13,920
2167		-catch a whole lot of incredible entry
2168		-
2169		-543
2170		-00:28:13,920 ~-~-> 00:28:17,430
2171		-points and I trades that support it and
2172		-
2173		-544
2174		-00:28:17,430 ~-~-> 00:28:20,490
2175		-results that reflect it. So bottom line
2176		-
2177		-545
2178		-00:28:20,490 ~-~-> 00:28:22,500
2179		-is it's going to take a knack for you to
2180		-
2181		-546
2182		-00:28:22,500 ~-~-> 00:28:24,960
2183		-learn to trust this, okay, in the only
2184		-
2185		-547
2186		-00:28:24,960 ~-~-> 00:28:26,880
2187		-way you do it, is if you play around
2188		-
2189		-548
2190		-00:28:26,880 ~-~-> 00:28:29,220
2191		-with it, and you do your own research on
2192		-
2193		-549
2194		-00:28:29,220 ~-~-> 00:28:31,590
2195		-this pattern, okay? But it's still an
2196		-
2197		-550
2198		-00:28:31,590 ~-~-> 00:28:33,240
2199		-optimal trade entry. It's a retracement
2200		-
2201		-551
2202		-00:28:33,240 ~-~-> 00:28:36,090
2203		-within a range. Now it's prices not
2204		-
2205		-552
2206		-00:28:36,090 ~-~-> 00:28:38,850
2207		-traded down to this point yet okay. But
2208		-
2209		-553
2210		-00:28:38,850 ~-~-> 00:28:40,110
2211		-because there are psychological
2212		-
2213		-554
2214		-00:28:40,140 ~-~-> 00:28:44,370
2215		-barriers, okay in price we have to
2216		-
2217		-555
2218		-00:28:44,370 ~-~-> 00:28:47,130
2219		-consider it okay. And the way I use it
2220		-
2221		-556
2222		-00:28:47,400 ~-~-> 00:28:49,860
2223		-is like this, okay? So if price trades
2224		-
2225		-557
2226		-00:28:49,860 ~-~-> 00:28:54,240
2227		-down to the 9474 level 9469 or 9463
2228		-
2229		-558
2230		-00:28:55,260 ~-~-> 00:28:57,090
2231		-that would constitute an optimal trade
2232		-
2233		-559
2234		-00:28:57,090 ~-~-> 00:28:59,970
2235		-entry. Okay. Within the order block.
2236		-
2237		-560
2238		-00:29:00,870 ~-~-> 00:29:02,370
2239		-With the understanding of premise that
2240		-
2241		-561
2242		-00:29:02,370 ~-~-> 00:29:06,930
2243		-it may not get down to 9460 or 294 50
2244		-
2245		-562
2246		-00:29:07,410 ~-~-> 00:29:09,450
2247		-okay or very well may just trade through
2248		-
2249		-563
2250		-00:29:09,450 ~-~-> 00:29:11,640
2251		-it and spike even lower and not even
2252		-
2253		-564
2254		-00:29:11,640 ~-~-> 00:29:14,220
2255		-give me a pattern at all. Okay but we
2256		-
2257		-565
2258		-00:29:14,220 ~-~-> 00:29:16,350
2259		-have to consider this is a range even
2260		-
2261		-566
2262		-00:29:16,350 ~-~-> 00:29:18,210
2263		-though price is not traded to it as of
2264		-
2265		-567
2266		-00:29:18,210 ~-~-> 00:29:21,180
2267		-yet or if at all. We still consider that
2268		-
2269		-568
2270		-00:29:21,180 ~-~-> 00:29:25,290
2271		-because it's a probable range within
2272		-
2273		-569
2274		-00:29:25,650 ~-~-> 00:29:29,430
2275		-where price may have a bounce. Okay. And
2276		-
2277		-570
2278		-00:29:29,430 ~-~-> 00:29:30,660
2279		-I'll give you more examples in this
2280		-
2281		-571
2282		-00:29:30,660 ~-~-> 00:29:33,300
2283		-series, but for now, let's just work
2284		-
2285		-572
2286		-00:29:33,300 ~-~-> 00:29:33,810
2287		-with this one.
2288		-
2289		-573
2290		-00:29:35,280 ~-~-> 00:29:36,480
2291		-And as price moves
2292		-
2293		-574
2294		-00:29:37,260 ~-~-> 00:29:40,230
2295		-down into this level, okay, price goes
2296		-
2297		-575
2298		-00:29:40,260 ~-~-> 00:29:42,090
2299		-just a little bit through the 79%
2300		-
2301		-576
2302		-00:29:42,090 ~-~-> 00:29:43,620
2303		-retracement level doesn't get to the
2304		-
2305		-577
2306		-00:29:43,620 ~-~-> 00:29:50,970
2307		-9460 here. Price begins to rally off and
2308		-
2309		-578
2310		-00:29:50,970 ~-~-> 00:29:55,860
2311		-takes off. Okay, and there is
2312		-
2313		-579
2314		-00:29:57,060 ~-~-> 00:29:59,700
2315		-approximately 100 pips in price swing
2316		-
2317		-580
2318		-00:29:59,730 ~-~-> 00:30:02,460
2319		-right in Here, okay, so you're finding
2320		-
2321		-581
2322		-00:30:02,460 ~-~-> 00:30:08,850
2323		-the range where price may produce a move
2324		-
2325		-582
2326		-00:30:08,850 ~-~-> 00:30:11,790
2327		-of sorts, but it's going to elude you if
2328		-
2329		-583
2330		-00:30:11,790 ~-~-> 00:30:13,170
2331		-you're just looking for simple things
2332		-
2333		-584
2334		-00:30:13,170 ~-~-> 00:30:14,790
2335		-like this, like here's a low to this
2336		-
2337		-585
2338		-00:30:14,790 ~-~-> 00:30:17,130
2339		-high. If price retraces down to a range
2340		-
2341		-586
2342		-00:30:17,130 ~-~-> 00:30:19,170
2343		-between this low and this high, that's
2344		-
2345		-587
2346		-00:30:19,200 ~-~-> 00:30:23,220
2347		-basic price retracement. This is higher
2348		-
2349		-588
2350		-00:30:23,460 ~-~-> 00:30:26,790
2351		-class, different level type of Fibonacci
2352		-
2353		-589
2354		-00:30:26,790 ~-~-> 00:30:29,520
2355		-stuff. And again, I didn't learn it
2356		-
2357		-590
2358		-00:30:29,520 ~-~-> 00:30:32,160
2359		-anywhere, except for in the charts. Just
2360		-
2361		-591
2362		-00:30:32,430 ~-~-> 00:30:35,880
2363		-you just referencing the mid levels, 250
2364		-
2365		-592
2366		-00:30:35,880 ~-~-> 00:30:39,060
2367		-levels 200 levels, okay. It's applicable
2368		-
2369		-593
2370		-00:30:39,060 ~-~-> 00:30:41,070
2371		-at the institutional levels as well. But
2372		-
2373		-594
2374		-00:30:41,070 ~-~-> 00:30:42,930
2375		-when it's treated, like this
2376		-
2377		-595
2378		-00:30:42,930 ~-~-> 00:30:45,030
2379		-application, I use really just the full
2380		-
2381		-596
2382		-00:30:45,030 ~-~-> 00:30:46,800
2383		-figure and mid figure levels, okay,
2384		-
2385		-597
2386		-00:30:46,800 ~-~-> 00:30:49,200
2387		-because if the order block is like this,
2388		-
2389		-598
2390		-00:30:49,200 ~-~-> 00:30:51,690
2391		-and it's around that 50 level, I'm going
2392		-
2393		-599
2394		-00:30:51,690 ~-~-> 00:30:54,060
2395		-to be hunting a setup similar to this.
2396		-
2397		-600
2398		-00:30:54,270 ~-~-> 00:30:57,360
2399		-Okay. This is, again, a pair I don't
2400		-
2401		-601
2402		-00:30:57,360 ~-~-> 00:30:59,970
2403		-trade, but you can still utilize this
2404		-
2405		-602
2406		-00:31:00,960 ~-~-> 00:31:03,150
2407		-This application, any pair of your
2408		-
2409		-603
2410		-00:31:03,150 ~-~-> 00:31:05,760
2411		-choice, but again, because I know this
2412		-
2413		-604
2414		-00:31:05,760 ~-~-> 00:31:07,140
2415		-probably went over a lot of your heads,
2416		-
2417		-605
2418		-00:31:07,890 ~-~-> 00:31:11,490
2419		-and I don't mean to be, you know, a
2420		-
2421		-606
2422		-00:31:11,490 ~-~-> 00:31:15,210
2423		-braggart but you were going to go
2424		-
2425		-607
2426		-00:31:15,210 ~-~-> 00:31:16,410
2427		-through the process one more time and
2428		-
2429		-608
2430		-00:31:16,410 ~-~-> 00:31:19,980
2431		-explain what again, I'm doing. Pricing
2432		-
2433		-609
2434		-00:31:19,980 ~-~-> 00:31:21,960
2435		-price is trading around into an area
2436		-
2437		-610
2438		-00:31:21,960 ~-~-> 00:31:23,670
2439		-where an order block on a higher low
2440		-
2441		-611
2442		-00:31:23,670 ~-~-> 00:31:25,770
2443		-timeframe suggests that we may see a
2444		-
2445		-612
2446		-00:31:25,770 ~-~-> 00:31:30,090
2447		-bounce, okay? We are trading near a mid
2448		-
2449		-613
2450		-00:31:30,090 ~-~-> 00:31:33,390
2451		-figure level, okay. And the range on the
2452		-
2453		-614
2454		-00:31:33,390 ~-~-> 00:31:35,490
2455		-four hour order block suggests that
2456		-
2457		-615
2458		-00:31:35,490 ~-~-> 00:31:38,580
2459		-price may dip down into at least that
2460		-
2461		-616
2462		-00:31:39,030 ~-~-> 00:31:43,110
2463		-9455 level and below it. Now, if it's
2464		-
2465		-617
2466		-00:31:43,110 ~-~-> 00:31:45,300
2467		-going to go there, it very well may go
2468		-
2469		-618
2470		-00:31:45,300 ~-~-> 00:31:48,090
2471		-to the 9450 level. It doesn't have to.
2472		-
2473		-619
2474		-00:31:48,600 ~-~-> 00:31:50,340
2475		-Okay, in fact, I'd rather see it not
2476		-
2477		-620
2478		-00:31:50,340 ~-~-> 00:31:52,830
2479		-doing okay. And that's, that's what this
2480		-
2481		-621
2482		-00:31:52,860 ~-~-> 00:31:55,800
2483		-pattern hinges on. Okay? So what we do
2484		-
2485		-622
2486		-00:31:55,800 ~-~-> 00:31:58,260
2487		-is again, once we anchor an area where
2488		-
2489		-623
2490		-00:31:58,260 ~-~-> 00:32:00,540
2491		-we can, I clearly identify needs Do a
2492		-
2493		-624
2494		-00:32:00,540 ~-~-> 00:32:02,340
2495		-horizontal line here. I just use this
2496		-
2497		-625
2498		-00:32:02,550 ~-~-> 00:32:04,530
2499		-because it's cleaner compared to the two
2500		-
2501		-626
2502		-00:32:04,530 ~-~-> 00:32:06,630
2503		-lines we already had on the chart. But
2504		-
2505		-627
2506		-00:32:06,630 ~-~-> 00:32:08,310
2507		-you just take the little crosshairs on
2508		-
2509		-628
2510		-00:32:09,720 ~-~-> 00:32:14,070
2511		-the little marker here. You anchor it
2512		-
2513		-629
2514		-00:32:14,070 ~-~-> 00:32:16,320
2515		-there, you pull it up to the highest
2516		-
2517		-630
2518		-00:32:16,320 ~-~-> 00:32:20,340
2519		-high traded during that consolidation.
2520		-
2521		-631
2522		-00:32:20,790 ~-~-> 00:32:23,250
2523		-Okay, and as price price trades down
2524		-
2525		-632
2526		-00:32:23,250 ~-~-> 00:32:26,730
2527		-into it, it'll reach into this range.
2528		-
2529		-633
2530		-00:32:27,030 ~-~-> 00:32:29,970
2531		-Okay. And I know it sounds like Voodoo.
2532		-
2533		-634
2534		-00:32:30,150 ~-~-> 00:32:31,320
2535		-Okay, but I'm gonna tell you right now,
2536		-
2537		-635
2538		-00:32:31,350 ~-~-> 00:32:33,660
2539		-I've blown people away with this pattern
2540		-
2541		-636
2542		-00:32:33,990 ~-~-> 00:32:36,720
2543		-over and over and over again. And once
2544		-
2545		-637
2546		-00:32:36,720 ~-~-> 00:32:39,300
2547		-you identify how to use it, it's, it's
2548		-
2549		-638
2550		-00:32:39,300 ~-~-> 00:32:42,390
2551		-crazy. It's insane. How very, very
2552		-
2553		-639
2554		-00:32:42,390 ~-~-> 00:32:44,280
2555		-accurate is and it's nowhere in any
2556		-
2557		-640
2558		-00:32:44,280 ~-~-> 00:32:45,750
2559		-books. It's nowhere in any video
2560		-
2561		-641
2562		-00:32:45,750 ~-~-> 00:32:47,730
2563		-courses. I wish I could just simply say,
2564		-
2565		-642
2566		-00:32:47,730 ~-~-> 00:32:48,900
2567		-hey, look, here's another reference
2568		-
2569		-643
2570		-00:32:49,740 ~-~-> 00:32:51,330
2571		-source you can go to and study it, but
2572		-
2573		-644
2574		-00:32:51,330 ~-~-> 00:32:54,090
2575		-it's really unique to ICT. So, again,
2576		-
2577		-645
2578		-00:32:54,120 ~-~-> 00:32:55,560
2579		-it's one of those things where you know,
2580		-
2581		-646
2582		-00:32:55,650 ~-~-> 00:32:56,970
2583		-whether you like it or don't like it,
2584		-
2585		-647
2586		-00:32:57,030 ~-~-> 00:32:58,560
2587		-you know, the bottom line is, is I use
2588		-
2589		-648
2590		-00:32:58,560 ~-~-> 00:33:00,840
2591		-it. It works. It's it's It's a pattern
2592		-
2593		-649
2594		-00:33:00,840 ~-~-> 00:33:03,000
2595		-that I, I trade all the time. It's
2596		-
2597		-650
2598		-00:33:03,000 ~-~-> 00:33:04,650
2599		-against the hidden optimal trade entry.
2600		-
2601		-651
2602		-00:33:05,490 ~-~-> 00:33:10,980
2603		-And it's based upon using support
2604		-
2605		-652
2606		-00:33:10,980 ~-~-> 00:33:13,050
2607		-resistance levels as your anchor points.
2608		-
2609		-653
2610		-00:33:13,350 ~-~-> 00:33:15,810
2611		-Okay? Not necessarily a key swing high
2612		-
2613		-654
2614		-00:33:15,810 ~-~-> 00:33:18,210
2615		-or low, an anchor point referenced
2616		-
2617		-655
2618		-00:33:18,240 ~-~-> 00:33:20,310
2619		-around price levels itself that being
2620		-
2621		-656
2622		-00:33:20,340 ~-~-> 00:33:22,710
2623		-the mid figure in this case, or a big
2624		-
2625		-657
2626		-00:33:22,710 ~-~-> 00:33:27,120
2627		-figure. Okay. So now let's move on and
2628		-
2629		-658
2630		-00:33:27,120 ~-~-> 00:33:31,080
2631		-take a look at Okay, we are at the
2632		-
2633		-659
2634		-00:33:31,080 ~-~-> 00:33:35,670
2635		-second of the four hour block potential
2636		-
2637		-660
2638		-00:33:35,670 ~-~-> 00:33:37,290
2639		-areas on that Canadian Japanese yen
2640		-
2641		-661
2642		-00:33:37,290 ~-~-> 00:33:43,200
2643		-pair. Okay, and we have this range here
2644		-
2645		-662
2646		-00:33:43,200 ~-~-> 00:33:44,670
2647		-we have the price bouncing off it
2648		-
2649		-663
2650		-00:33:44,670 ~-~-> 00:33:46,950
2651		-initially rallying up and then starting
2652		-
2653		-664
2654		-00:33:46,950 ~-~-> 00:33:49,350
2655		-to come back down. Now, again, you could
2656		-
2657		-665
2658		-00:33:49,350 ~-~-> 00:33:51,720
2659		-do a few things here, you could use your
2660		-
2661		-666
2662		-00:33:51,720 ~-~-> 00:33:53,460
2663		-basic optimal trade entry, which is
2664		-
2665		-667
2666		-00:33:53,970 ~-~-> 00:33:57,150
2667		-pulling a low to a high and if price
2668		-
2669		-668
2670		-00:33:57,150 ~-~-> 00:33:58,710
2671		-trades down to these levels in here,
2672		-
2673		-669
2674		-00:33:59,340 ~-~-> 00:34:02,640
2675		-okay. 350 is a good area in here because
2676		-
2677		-670
2678		-00:34:02,640 ~-~-> 00:34:04,470
2679		-it's around that big, sorry mid figure
2680		-
2681		-671
2682		-00:34:04,470 ~-~-> 00:34:07,500
2683		-level. Okay, but draw your attention
2684		-
2685		-672
2686		-00:34:07,500 ~-~-> 00:34:09,690
2687		-back to that for our order block, okay?
2688		-
2689		-673
2690		-00:34:10,440 ~-~-> 00:34:15,540
2691		-This this level here is 9337 okay 9337
2692		-
2693		-674
2694		-00:34:16,290 ~-~-> 00:34:22,200
2695		-Where is that in terms of institutional
2696		-
2697		-675
2698		-00:34:22,200 ~-~-> 00:34:25,050
2699		-levels and big figures and mid figures?
2700		-
2701		-676
2702		-00:34:25,440 ~-~-> 00:34:30,300
2703		-Okay. Notice that we have the mid figure
2704		-
2705		-677
2706		-00:34:30,300 ~-~-> 00:34:33,540
2707		-up here, okay. So if I use that
2708		-
2709		-678
2710		-00:34:33,540 ~-~-> 00:34:34,350
2711		-reference point
2712		-
2713		-679
2714		-00:34:40,440 ~-~-> 00:34:44,220
2715		-okay we have that. Now if you draw the
2716		-
2717		-680
2718		-00:34:44,220 ~-~-> 00:34:46,620
2719		-fib with that point, like we just did on
2720		-
2721		-681
2722		-00:34:46,620 ~-~-> 00:34:48,660
2723		-the previous example. This is what you
2724		-
2725		-682
2726		-00:34:48,660 ~-~-> 00:34:52,440
2727		-arriva Okay, let me get that belongs.
2728		-
2729		-683
2730		-00:34:54,090 ~-~-> 00:34:56,070
2731		-Okay, so we're, we're finding the range
2732		-
2733		-684
2734		-00:34:56,070 ~-~-> 00:34:58,800
2735		-between the mid figure 9350 and this
2736		-
2737		-685
2738		-00:34:58,800 ~-~-> 00:35:02,970
2739		-high I have 9366 and nine 359, which is
2740		-
2741		-686
2742		-00:35:02,970 ~-~-> 00:35:07,050
2743		-essentially 9360. Round number, okay.
2744		-
2745		-687
2746		-00:35:07,650 ~-~-> 00:35:10,680
2747		-Which is it's possible. I mean, it's,
2748		-
2749		-688
2750		-00:35:10,740 ~-~-> 00:35:12,180
2751		-it's possible you may see a little
2752		-
2753		-689
2754		-00:35:12,180 ~-~-> 00:35:16,320
2755		-bounce in here. Okay. But is it near the
2756		-
2757		-690
2758		-00:35:16,320 ~-~-> 00:35:21,060
2759		-order block? No. Okay. So I would
2760		-
2761		-691
2762		-00:35:21,060 ~-~-> 00:35:25,050
2763		-reference Really? Let's take this film
2764		-
2765		-692
2766		-00:35:25,050 ~-~-> 00:35:32,340
2767		-off. Okay, you can go down to the 9320
2768		-
2769		-693
2770		-00:35:32,340 ~-~-> 00:35:35,610
2771		-level. Okay? Because there's your
2772		-
2773		-694
2774		-00:35:35,610 ~-~-> 00:35:37,260
2775		-institutional level. Now we're going to
2776		-
2777		-695
2778		-00:35:37,260 ~-~-> 00:35:39,570
2779		-use an application of the optimal trade
2780		-
2781		-696
2782		-00:35:39,570 ~-~-> 00:35:39,990
2783		-entry.
2784		-
2785		-697
2786		-00:35:41,130 ~-~-> 00:35:41,700
2787		-Based
2788		-
2789		-698
2790		-00:35:41,730 ~-~-> 00:35:44,070
2791		-on the psychological level or
2792		-
2793		-699
2794		-00:35:44,070 ~-~-> 00:35:45,660
2795		-institutional, we like to use the 20
2796		-
2797		-700
2798		-00:35:45,660 ~-~-> 00:35:47,700
2799		-level. Okay, hidden optimal trade entry,
2800		-
2801		-701
2802		-00:35:47,700 ~-~-> 00:35:49,740
2803		-again, using the range between that
2804		-
2805		-702
2806		-00:35:49,740 ~-~-> 00:35:51,810
2807		-level again, we don't know if it's going
2808		-
2809		-703
2810		-00:35:51,810 ~-~-> 00:35:53,430
2811		-to trade down to that level. In fact,
2812		-
2813		-704
2814		-00:35:53,490 ~-~-> 00:35:55,380
2815		-we're hoping that it doesn't, but we
2816		-
2817		-705
2818		-00:35:55,380 ~-~-> 00:35:57,420
2819		-have a range of satellites and tracing
2820		-
2821		-706
2822		-00:35:57,420 ~-~-> 00:36:00,960
2823		-level comes in at 9336 With a range to
2824		-
2825		-707
2826		-00:36:00,960 ~-~-> 00:36:04,050
2827		-9348 so anywhere in here once we trade
2828		-
2829		-708
2830		-00:36:04,050 ~-~-> 00:36:06,180
2831		-down to that level again this was this
2832		-
2833		-709
2834		-00:36:06,180 ~-~-> 00:36:08,040
2835		-is fairly handsome. I mean there was an
2836		-
2837		-710
2838		-00:36:08,040 ~-~-> 00:36:10,560
2839		-opportunity in here to be a buyer okay
2840		-
2841		-711
2842		-00:36:10,560 ~-~-> 00:36:15,510
2843		-between 9348 and 9335 okay if price
2844		-
2845		-712
2846		-00:36:15,510 ~-~-> 00:36:17,580
2847		-trades right down in there that would
2848		-
2849		-713
2850		-00:36:17,580 ~-~-> 00:36:20,190
2851		-constitute enough for me to take a buy
2852		-
2853		-714
2854		-00:36:20,190 ~-~-> 00:36:25,890
2855		-signal okay price trades down dvh
2856		-
2857		-715
2858		-00:36:25,890 ~-~-> 00:36:27,690
2859		-sentence at trace level just a little
2860		-
2861		-716
2862		-00:36:27,690 ~-~-> 00:36:30,540
2863		-bit in here okay and rallies on up
2864		-
2865		-717
2866		-00:36:35,610 ~-~-> 00:36:38,640
2867		-finally breaks through the old market
2868		-
2869		-718
2870		-00:36:38,640 ~-~-> 00:36:42,270
2871		-structure hi in here you can see it
2872		-
2873		-719
2874		-00:36:42,270 ~-~-> 00:36:45,120
2875		-trades on up to our previous levels we
2876		-
2877		-720
2878		-00:36:45,120 ~-~-> 00:36:47,730
2879		-had noted on the earlier example and
2880		-
2881		-721
2882		-00:36:47,730 ~-~-> 00:36:50,610
2883		-then finally through it. And then today
2884		-
2885		-722
2886		-00:36:50,640 ~-~-> 00:36:53,010
2887		-it's monkeying around finding support
2888		-
2889		-723
2890		-00:36:53,010 ~-~-> 00:36:55,590
2891		-it. Let's go back to this point here.
2892		-
2893		-724
2894		-00:36:55,800 ~-~-> 00:36:57,780
2895		-Okay, cuz I want to show you how, even
2896		-
2897		-725
2898		-00:36:57,780 ~-~-> 00:37:00,000
2899		-if you were not using the institutional
2900		-
2901		-726
2902		-00:37:00,000 ~-~-> 00:37:02,580
2903		-levels, okay, and you were going to
2904		-
2905		-727
2906		-00:37:02,580 ~-~-> 00:37:07,290
2907		-reference, say, the big figure. In this
2908		-
2909		-728
2910		-00:37:07,290 ~-~-> 00:37:11,100
2911		-example we're going to pull down to the
2912		-
2913		-729
2914		-00:37:11,100 ~-~-> 00:37:16,860
2915		-93 figure. Okay, and we're going to grab
2916		-
2917		-730
2918		-00:37:16,860 ~-~-> 00:37:18,270
2919		-that hundred level and we're going to
2920		-
2921		-731
2922		-00:37:18,270 ~-~-> 00:37:20,100
2923		-anchor it right to that. Now what we're
2924		-
2925		-732
2926		-00:37:20,100 ~-~-> 00:37:22,050
2927		-doing is again, we're looking at the
2928		-
2929		-733
2930		-00:37:22,050 ~-~-> 00:37:24,450
2931		-range between the highest high here as
2932		-
2933		-734
2934		-00:37:24,450 ~-~-> 00:37:26,160
2935		-it's dipping down in that order block.
2936		-
2937		-735
2938		-00:37:26,490 ~-~-> 00:37:28,410
2939		-We don't expect it to get to nine 300
2940		-
2941		-736
2942		-00:37:28,950 ~-~-> 00:37:30,930
2943		-because the order blocks up here, okay?
2944		-
2945		-737
2946		-00:37:31,440 ~-~-> 00:37:34,440
2947		-But we also have price coming right down
2948		-
2949		-738
2950		-00:37:34,440 ~-~-> 00:37:36,060
2951		-into and it's a little difficult to see
2952		-
2953		-739
2954		-00:37:36,060 ~-~-> 00:37:38,340
2955		-let me take this horizontal line off. We
2956		-
2957		-740
2958		-00:37:38,340 ~-~-> 00:37:40,050
2959		-already know what that is anyway, so
2960		-
2961		-741
2962		-00:37:40,590 ~-~-> 00:37:43,200
2963		-taking it off as should not be a form of
2964		-
2965		-742
2966		-00:37:44,520 ~-~-> 00:37:46,380
2967		-confusion for you. Price comes right
2968		-
2969		-743
2970		-00:37:46,380 ~-~-> 00:37:49,110
2971		-into that 62% retracement level. Okay,
2972		-
2973		-744
2974		-00:37:49,170 ~-~-> 00:37:52,260
2975		-turns on a dime. And you get that same
2976		-
2977		-745
2978		-00:37:52,260 ~-~-> 00:37:54,240
2979		-turn so either or would have been
2980		-
2981		-746
2982		-00:37:54,240 ~-~-> 00:37:56,610
2983		-applicable for you here and it would
2984		-
2985		-747
2986		-00:37:56,610 ~-~-> 00:37:59,610
2987		-have give you a dynamite entry point
2988		-
2989		-748
2990		-00:37:59,760 ~-~-> 00:38:02,730
2991		-where You've really zeroed in much in
2992		-
2993		-749
2994		-00:38:02,730 ~-~-> 00:38:04,650
2995		-the same way a sniper does with his
2996		-
2997		-750
2998		-00:38:04,650 ~-~-> 00:38:08,220
2999		-scope, zooms in and gets the kill shot
3000		-
3001		-751
3002		-00:38:08,220 ~-~-> 00:38:11,850
3003		-here. Now, again, assuming that you
3004		-
3005		-752
3006		-00:38:11,850 ~-~-> 00:38:14,400
3007		-don't have this under your belt yet,
3008		-
3009		-753
3010		-00:38:14,640 ~-~-> 00:38:16,560
3011		-okay? assume you don't have that. And
3012		-
3013		-754
3014		-00:38:16,560 ~-~-> 00:38:18,750
3015		-it's, it's not saying that you need to
3016		-
3017		-755
3018		-00:38:18,750 ~-~-> 00:38:20,370
3019		-be ashamed of if you don't have it yet
3020		-
3021		-756
3022		-00:38:20,370 ~-~-> 00:38:21,450
3023		-because it's going to take a little time
3024		-
3025		-757
3026		-00:38:21,450 ~-~-> 00:38:24,480
3027		-for you to trust this. Okay? So again,
3028		-
3029		-758
3030		-00:38:24,480 ~-~-> 00:38:26,520
3031		-you're gonna have to do this on a daily
3032		-
3033		-759
3034		-00:38:26,520 ~-~-> 00:38:28,530
3035		-basis, go through your charts every
3036		-
3037		-760
3038		-00:38:28,530 ~-~-> 00:38:32,040
3039		-single day during the five minute chart,
3040		-
3041		-761
3042		-00:38:32,310 ~-~-> 00:38:34,260
3043		-15 minute chart, an hourly chart, and
3044		-
3045		-762
3046		-00:38:34,260 ~-~-> 00:38:36,240
3047		-look at how price is trading around
3048		-
3049		-763
3050		-00:38:36,240 ~-~-> 00:38:38,730
3051		-these big figures, institutional levels,
3052		-
3053		-764
3054		-00:38:39,060 ~-~-> 00:38:41,610
3055		-okay, and you're looking for price
3056		-
3057		-765
3058		-00:38:41,610 ~-~-> 00:38:44,490
3059		-within that range from those levels, to
3060		-
3061		-766
3062		-00:38:44,490 ~-~-> 00:38:46,950
3063		-where prices traded at at highest high
3064		-
3065		-767
3066		-00:38:47,040 ~-~-> 00:38:48,900
3067		-and lowest low and the same examples
3068		-
3069		-768
3070		-00:38:48,900 ~-~-> 00:38:52,080
3071		-that we just showed here. Now, let's
3072		-
3073		-769
3074		-00:38:52,080 ~-~-> 00:38:55,590
3075		-look at how price could be utilized.
3076		-
3077		-770
3078		-00:38:59,130 ~-~-> 00:39:02,820
3079		-Skip this Boff. I'm going to show you
3080		-
3081		-771
3082		-00:39:02,820 ~-~-> 00:39:06,960
3083		-how you can use it. Here and sync
3084		-
3085		-772
3086		-00:39:06,960 ~-~-> 00:39:12,150
3087		-capacity. We're going to highlight the
3088		-
3089		-773
3090		-00:39:14,940 ~-~-> 00:39:20,640
3091		-50 level here. Put out of your work and
3092		-
3093		-774
3094		-00:39:20,640 ~-~-> 00:39:24,750
3095		-see it. Okay, read in here. And here's
3096		-
3097		-775
3098		-00:39:24,750 ~-~-> 00:39:27,270
3099		-how we have price rally up down here. If
3100		-
3101		-776
3102		-00:39:27,270 ~-~-> 00:39:31,530
3103		-you take your fib again, anchor it right
3104		-
3105		-777
3106		-00:39:31,530 ~-~-> 00:39:33,150
3107		-on that level, and you're gonna pull it
3108		-
3109		-778
3110		-00:39:33,150 ~-~-> 00:39:36,120
3111		-up to the highest high here. If price
3112		-
3113		-779
3114		-00:39:36,120 ~-~-> 00:39:38,910
3115		-retraces down into that 79 to 62%
3116		-
3117		-780
3118		-00:39:38,910 ~-~-> 00:39:41,850
3119		-retracement level right here, because
3120		-
3121		-781
3122		-00:39:41,850 ~-~-> 00:39:43,140
3123		-we're moving out of the order block,
3124		-
3125		-782
3126		-00:39:43,140 ~-~-> 00:39:44,400
3127		-this would be an opportunity for you to
3128		-
3129		-783
3130		-00:39:44,400 ~-~-> 00:39:47,070
3131		-get in sync with the market move and
3132		-
3133		-784
3134		-00:39:47,070 ~-~-> 00:39:49,230
3135		-catch, you know, the underlying trend of
3136		-
3137		-785
3138		-00:39:49,230 ~-~-> 00:39:51,900
3139		-the marketplace using that same premise.
3140		-
3141		-786
3142		-00:39:51,960 ~-~-> 00:39:54,510
3143		-And the idea is we moved away from the
3144		-
3145		-787
3146		-00:39:54,510 ~-~-> 00:39:58,290
3147		-50 here, okay, and we made a high Okay,
3148		-
3149		-788
3150		-00:39:58,320 ~-~-> 00:40:01,470
3151		-we're above that big Mid figure level
3152		-
3153		-789
3154		-00:40:03,030 ~-~-> 00:40:04,860
3155		-price should not come back down to that
3156		-
3157		-790
3158		-00:40:04,860 ~-~-> 00:40:06,630
3159		-level. But we have a range between the
3160		-
3161		-791
3162		-00:40:06,630 ~-~-> 00:40:09,120
3163		-50 and the highest high here. As price
3164		-
3165		-792
3166		-00:40:09,120 ~-~-> 00:40:11,370
3167		-dips down into that. Right there's an
3168		-
3169		-793
3170		-00:40:11,370 ~-~-> 00:40:14,400
3171		-opportunity to be a buyer and get in
3172		-
3173		-794
3174		-00:40:14,400 ~-~-> 00:40:16,620
3175		-sync with the overall existing trend.
3176		-
3177		-795
3178		-00:40:17,490 ~-~-> 00:40:26,370
3179		-Okay. See that? Okay, we're looking at
3180		-
3181		-796
3182		-00:40:26,370 ~-~-> 00:40:28,470
3183		-the Australian dollar and Japanese yen
3184		-
3185		-797
3186		-00:40:28,500 ~-~-> 00:40:32,550
3187		-continuing with the theme of looking at
3188		-
3189		-798
3190		-00:40:32,610 ~-~-> 00:40:36,630
3191		-pairs that are outside of the ICT normal
3192		-
3193		-799
3194		-00:40:36,750 ~-~-> 00:40:39,540
3195		-spectrum, okay, and considered an exotic
3196		-
3197		-800
3198		-00:40:39,540 ~-~-> 00:40:42,870
3199		-pair, if you will. This trade in here is
3200		-
3201		-801
3202		-00:40:42,870 ~-~-> 00:40:45,390
3203		-one I took on a Live account, and you
3204		-
3205		-802
3206		-00:40:45,390 ~-~-> 00:40:47,250
3207		-can see the results of that on Twitter.
3208		-
3209		-803
3210		-00:40:48,420 ~-~-> 00:40:51,420
3211		-And you can find the link on the YouTube
3212		-
3213		-804
3214		-00:40:51,810 ~-~-> 00:40:54,120
3215		-channel where it shows the results of
3216		-
3217		-805
3218		-00:40:54,120 ~-~-> 00:40:59,850
3219		-it. And this price swing here I tweeted
3220		-
3221		-806
3222		-00:40:59,850 ~-~-> 00:41:02,700
3223		-at asking everyone that were interested
3224		-
3225		-807
3226		-00:41:02,910 ~-~-> 00:41:05,100
3227		-that if they would study this you could
3228		-
3229		-808
3230		-00:41:05,100 ~-~-> 00:41:06,960
3231		-see where we were moving back into
3232		-
3233		-809
3234		-00:41:07,200 ~-~-> 00:41:12,510
3235		-anticipated level of for our not sorry
3236		-
3237		-810
3238		-00:41:12,870 ~-~-> 00:41:20,040
3239		-for our potential order block
3240		-
3241		-811
3242		-00:41:20,550 ~-~-> 00:41:25,650
3243		-institutional. So as price moved lower
3244		-
3245		-812
3246		-00:41:25,680 ~-~-> 00:41:27,540
3247		-shader right into that area right here.
3248		-
3249		-813
3250		-00:41:27,810 ~-~-> 00:41:30,510
3251		-Okay. Now we have this price swing here
3252		-
3253		-814
3254		-00:41:32,190 ~-~-> 00:41:34,830
3255		-and retracement. So if you take the
3256		-
3257		-815
3258		-00:41:37,020 ~-~-> 00:41:39,270
3259		-range from here this low to this high
3260		-
3261		-816
3262		-00:41:40,530 ~-~-> 00:41:42,750
3263		-sea price, we're here to seven nine
3264		-
3265		-817
3266		-00:41:42,750 ~-~-> 00:41:46,860
3267		-centration level and we've dipped right
3268		-
3269		-818
3270		-00:41:46,860 ~-~-> 00:41:49,800
3271		-inside that existing water block. So we
3272		-
3273		-819
3274		-00:41:49,800 ~-~-> 00:41:54,450
3275		-have a range between 9123 and 9127. In
3276		-
3277		-820
3278		-00:41:54,450 ~-~-> 00:41:57,540
3279		-here's a little difficult to see a
3280		-
3281		-821
3282		-00:41:57,540 ~-~-> 00:41:59,010
3283		-movie, but you can see that the number
3284		-
3285		-822
3286		-00:41:59,010 ~-~-> 00:42:00,660
3287		-was at so we're talking about that area
3288		-
3289		-823
3290		-00:42:01,410 ~-~-> 00:42:05,610
3291		-in terms of four pips, okay variance. So
3292		-
3293		-824
3294		-00:42:05,610 ~-~-> 00:42:07,890
3295		-at this point here in here it's about
3296		-
3297		-825
3298		-00:42:07,890 ~-~-> 00:42:11,310
3299		-five pips difference so buying really at
3300		-
3301		-826
3302		-00:42:11,310 ~-~-> 00:42:13,140
3303		-the 79 centration level plus the spread.
3304		-
3305		-827
3306		-00:42:13,530 ~-~-> 00:42:17,670
3307		-Okay, we are still within very handsome
3308		-
3309		-828
3310		-00:42:20,700 ~-~-> 00:42:23,010
3311		-we're only talking about 14 pips. Okay,
3312		-
3313		-829
3314		-00:42:23,040 ~-~-> 00:42:26,940
3315		-so your trade should be allowing you at
3316		-
3317		-830
3318		-00:42:26,940 ~-~-> 00:42:30,930
3319		-least 14 pips you know movement but
3320		-
3321		-831
3322		-00:42:31,140 ~-~-> 00:42:32,580
3323		-that's for another video we're going to
3324		-
3325		-832
3326		-00:42:32,580 ~-~-> 00:42:34,890
3327		-get to in terms of stop losses and such
3328		-
3329		-833
3330		-00:42:34,890 ~-~-> 00:42:39,030
3331		-but catching along in here okay price
3332		-
3333		-834
3334		-00:42:39,030 ~-~-> 00:42:43,800
3335		-rallies on up starts to move higher okay
3336		-
3337		-835
3338		-00:42:43,800 ~-~-> 00:42:48,840
3339		-and then we have a nother area okay just
3340		-
3341		-836
3342		-00:42:48,840 ~-~-> 00:42:50,490
3343		-keep a reference point at this point
3344		-
3345		-837
3346		-00:42:50,490 ~-~-> 00:42:56,490
3347		-here. Right there probably make it
3348		-
3349		-838
3350		-00:42:56,490 ~-~-> 00:42:56,850
3351		-bigger
3352		-
3353		-839
3354		-00:43:03,090 ~-~-> 00:43:05,760
3355		-All right. So this is our reference
3356		-
3357		-840
3358		-00:43:05,760 ~-~-> 00:43:08,040
3359		-point for the entry. Okay, on a longer
3360		-
3361		-841
3362		-00:43:08,040 ~-~-> 00:43:11,940
3363		-term, price swing. So moving, moving
3364		-
3365		-842
3366		-00:43:11,940 ~-~-> 00:43:14,130
3367		-higher, we have another order block,
3368		-
3369		-843
3370		-00:43:14,640 ~-~-> 00:43:16,200
3371		-okay? Because we have a consolidation in
3372		-
3373		-844
3374		-00:43:16,200 ~-~-> 00:43:18,840
3375		-here. Okay, we had this candle right
3376		-
3377		-845
3378		-00:43:18,840 ~-~-> 00:43:22,620
3379		-there, this whole candle. So we're gonna
3380		-
3381		-846
3382		-00:43:22,620 ~-~-> 00:43:27,780
3383		-look at that area. Okay, and we're gonna
3384		-
3385		-847
3386		-00:43:30,210 ~-~-> 00:43:33,420
3387		-reference this little segment in price.
3388		-
3389		-848
3390		-00:43:34,860 ~-~-> 00:43:36,600
3391		-Okay, and we're going to use the high
3392		-
3393		-849
3394		-00:43:36,600 ~-~-> 00:43:40,680
3395		-end of it as our beginning point, and
3396		-
3397		-850
3398		-00:43:40,680 ~-~-> 00:43:43,230
3399		-we're not going to buffer the lower end,
3400		-
3401		-851
3402		-00:43:43,230 ~-~-> 00:43:45,120
3403		-but we're going to be very sensitive at
3404		-
3405		-852
3406		-00:43:45,120 ~-~-> 00:43:47,310
3407		-9158 which is essentially what level
3408		-
3409		-853
3410		-00:43:47,310 ~-~-> 00:43:52,680
3411		-guys 9160 Okay, so again, price
3412		-
3413		-854
3414		-00:43:53,550 ~-~-> 00:43:55,950
3415		-maneuvers around a little bit, trades in
3416		-
3417		-855
3418		-00:43:56,040 ~-~-> 00:43:58,230
3419		-continuously higher trades right down
3420		-
3421		-856
3422		-00:43:58,230 ~-~-> 00:44:00,570
3423		-into that level. Okay, see, that's Right
3424		-
3425		-857
3426		-00:44:00,570 ~-~-> 00:44:03,210
3427		-down into that. Now traders watching
3428		-
3429		-858
3430		-00:44:03,210 ~-~-> 00:44:04,890
3431		-this that are not familiar with price
3432		-
3433		-859
3434		-00:44:04,890 ~-~-> 00:44:08,040
3435		-action and institutional order flow and
3436		-
3437		-860
3438		-00:44:08,040 ~-~-> 00:44:11,730
3439		-how prices move within specific defined
3440		-
3441		-861
3442		-00:44:11,760 ~-~-> 00:44:14,370
3443		-ranges, they will be pretty much scared
3444		-
3445		-862
3446		-00:44:14,370 ~-~-> 00:44:15,540
3447		-out of their mind, he would never even
3448		-
3449		-863
3450		-00:44:15,540 ~-~-> 00:44:16,800
3451		-consider looking at that as a buying
3452		-
3453		-864
3454		-00:44:16,800 ~-~-> 00:44:19,050
3455		-opportunity. Okay, but let's go back
3456		-
3457		-865
3458		-00:44:19,050 ~-~-> 00:44:20,670
3459		-over and look at some essential tenants
3460		-
3461		-866
3462		-00:44:20,670 ~-~-> 00:44:24,060
3463		-that we use in our concepts. We have a
3464		-
3465		-867
3466		-00:44:24,060 ~-~-> 00:44:27,120
3467		-range low here to here. Okay, so we're
3468		-
3469		-868
3470		-00:44:27,120 ~-~-> 00:44:30,300
3471		-trading with a fulfilled range premise
3472		-
3473		-869
3474		-00:44:30,300 ~-~-> 00:44:32,850
3475		-in mind. Okay, so we have an area of
3476		-
3477		-870
3478		-00:44:33,480 ~-~-> 00:44:37,860
3479		-9159 with a 9158. Okay, so we have one
3480		-
3481		-871
3482		-00:44:37,860 ~-~-> 00:44:38,880
3483		-PIP variance. Do you think that's a
3484		-
3485		-872
3486		-00:44:38,880 ~-~-> 00:44:40,650
3487		-confluence of support resistance ideas
3488		-
3489		-873
3490		-00:44:40,650 ~-~-> 00:44:43,680
3491		-suggested right there. Sure. Okay. So we
3492		-
3493		-874
3494		-00:44:43,680 ~-~-> 00:44:46,470
3495		-could be a buyer right in here. Okay, at
3496		-
3497		-875
3498		-00:44:46,470 ~-~-> 00:44:48,090
3499		-that level plus the spread in terms of
3500		-
3501		-876
3502		-00:44:48,090 ~-~-> 00:44:49,800
3503		-you want to be using a pending order for
3504		-
3505		-877
3506		-00:44:49,800 ~-~-> 00:44:57,270
3507		-the limit. But let's reference. Let's
3508		-
3509		-878
3510		-00:44:57,270 ~-~-> 00:45:00,600
3511		-get that off. We don't need it. Let's
3512		-
3513		-879
3514		-00:45:00,600 ~-~-> 00:45:03,840
3515		-reference our previous example. Okay,
3516		-
3517		-880
3518		-00:45:03,840 ~-~-> 00:45:07,770
3519		-where we used the support resistance
3520		-
3521		-881
3522		-00:45:07,830 ~-~-> 00:45:10,470
3523		-idea and Fibonacci concepts for hidden
3524		-
3525		-882
3526		-00:45:10,470 ~-~-> 00:45:12,960
3527		-optimal trade entry. Okay, so we have
3528		-
3529		-883
3530		-00:45:13,140 ~-~-> 00:45:17,520
3531		-price rallying up here, okay? And we
3532		-
3533		-884
3534		-00:45:17,520 ~-~-> 00:45:19,740
3535		-have the 50 level, which is down here.
3536		-
3537		-885
3538		-00:45:20,730 ~-~-> 00:45:23,100
3539		-And we have what institutional level
3540		-
3541		-886
3542		-00:45:23,100 ~-~-> 00:45:26,460
3543		-below that to 20. Okay, so we're going
3544		-
3545		-887
3546		-00:45:26,460 ~-~-> 00:45:27,930
3547		-to look at two reference points there.
3548		-
3549		-888
3550		-00:45:28,260 ~-~-> 00:45:31,770
3551		-So, we're just going to be building upon
3552		-
3553		-889
3554		-00:45:31,830 ~-~-> 00:45:35,040
3555		-our understanding of how to find the
3556		-
3557		-890
3558		-00:45:35,040 ~-~-> 00:45:40,140
3559		-range. Okay, we have 9120
3560		-
3561		-891
3562		-00:45:46,080 ~-~-> 00:45:50,580
3563		-and 9150. Okay, so we're going to use
3564		-
3565		-892
3566		-00:45:50,580 ~-~-> 00:45:52,650
3567		-our fib. We're gonna start with the
3568		-
3569		-893
3570		-00:45:52,650 ~-~-> 00:45:54,180
3571		-lowest one here, just to give you an
3572		-
3573		-894
3574		-00:45:54,180 ~-~-> 00:45:59,400
3575		-idea to the highest high prior to it
3576		-
3577		-895
3578		-00:46:00,150 ~-~-> 00:46:01,680
3579		-Okay, and you can see how the 62%
3580		-
3581		-896
3582		-00:46:01,680 ~-~-> 00:46:05,520
3583		-retracement level calls for 9155 Okay,
3584		-
3585		-897
3586		-00:46:05,820 ~-~-> 00:46:07,950
3587		-so if you're buying with three pips
3588		-
3589		-898
3590		-00:46:08,280 ~-~-> 00:46:09,930
3591		-sorry not three pips at a four PIP
3592		-
3593		-899
3594		-00:46:09,930 ~-~-> 00:46:14,610
3595		-spread on the Aussie yen. You can get
3596		-
3597		-900
3598		-00:46:14,610 ~-~-> 00:46:19,620
3599		-too long in here if you were utilizing
3600		-
3601		-901
3602		-00:46:19,650 ~-~-> 00:46:25,410
3603		-the 9150 level, okay? They're calling
3604		-
3605		-902
3606		-00:46:25,410 ~-~-> 00:46:29,490
3607		-for 91 63% nine saturation level and
3608		-
3609		-903
3610		-00:46:29,490 ~-~-> 00:46:32,610
3611		-your sweet spot comes in and 9168 in
3612		-
3613		-904
3614		-00:46:32,610 ~-~-> 00:46:34,350
3615		-here. Okay, so anywhere in here would be
3616		-
3617		-905
3618		-00:46:34,350 ~-~-> 00:46:37,530
3619		-a nice buy and assume for a moment you
3620		-
3621		-906
3622		-00:46:37,530 ~-~-> 00:46:40,740
3623		-use that one and you're just looking for
3624		-
3625		-907
3626		-00:46:40,740 ~-~-> 00:46:42,030
3627		-the sweet spot at your actual entry
3628		-
3629		-908
3630		-00:46:42,030 ~-~-> 00:46:45,600
3631		-point. To this old low we're looking at
3632		-
3633		-909
3634		-00:46:45,600 ~-~-> 00:46:49,320
3635		-23 pips. Okay 23 pips risk with the
3636		-
3637		-910
3638		-00:46:49,320 ~-~-> 00:46:52,470
3639		-understanding and expectation that price
3640		-
3641		-911
3642		-00:46:52,470 ~-~-> 00:46:54,720
3643		-should not go down to that point. If it
3644		-
3645		-912
3646		-00:46:54,720 ~-~-> 00:46:56,100
3647		-does, it's probably not a good trade.
3648		-
3649		-913
3650		-00:46:56,280 ~-~-> 00:46:57,840
3651		-You won't be confused if it does and
3652		-
3653		-914
3654		-00:46:57,840 ~-~-> 00:46:59,760
3655		-stops you out though. Okay to understand
3656		-
3657		-915
3658		-00:46:59,760 ~-~-> 00:47:03,960
3659		-that If price goes to this low, the
3660		-
3661		-916
3662		-00:47:03,960 ~-~-> 00:47:06,330
3663		-overall market structure that is implied
3664		-
3665		-917
3666		-00:47:06,330 ~-~-> 00:47:09,240
3667		-here as being bullish, isn't so bullish
3668		-
3669		-918
3670		-00:47:09,240 ~-~-> 00:47:11,040
3671		-and you'll probably see weaker prices.
3672		-
3673		-919
3674		-00:47:11,070 ~-~-> 00:47:13,320
3675		-But in this case, we're we're building a
3676		-
3677		-920
3678		-00:47:13,320 ~-~-> 00:47:15,300
3679		-premise that this is an area of expected
3680		-
3681		-921
3682		-00:47:16,200 ~-~-> 00:47:18,570
3683		-buying opportunity with the actual
3684		-
3685		-922
3686		-00:47:18,930 ~-~-> 00:47:21,480
3687		-release in price here, okay? Again,
3688		-
3689		-923
3690		-00:47:21,480 ~-~-> 00:47:23,580
3691		-public traders don't make price move
3692		-
3693		-924
3694		-00:47:23,580 ~-~-> 00:47:25,350
3695		-like this. Okay, there's only gonna be
3696		-
3697		-925
3698		-00:47:25,350 ~-~-> 00:47:26,580
3699		-done by institutional traders. So
3700		-
3701		-926
3702		-00:47:26,580 ~-~-> 00:47:28,020
3703		-they're gonna drive it up like that.
3704		-
3705		-927
3706		-00:47:29,580 ~-~-> 00:47:32,520
3707		-Price monkeys around, and again, this is
3708		-
3709		-928
3710		-00:47:32,520 ~-~-> 00:47:34,140
3711		-a 15 minute time frame, so you can
3712		-
3713		-929
3714		-00:47:34,170 ~-~-> 00:47:37,680
3715		-utilize a smaller five minute basis.
3716		-
3717		-930
3718		-00:47:39,270 ~-~-> 00:47:42,240
3719		-Take this off, okay. So you can have
3720		-
3721		-931
3722		-00:47:42,270 ~-~-> 00:47:44,130
3723		-price bouncing here. If you drill down
3724		-
3725		-932
3726		-00:47:44,130 ~-~-> 00:47:45,300
3727		-to a five minute chart, you can actually
3728		-
3729		-933
3730		-00:47:45,300 ~-~-> 00:47:48,090
3731		-see that same event unfolding right
3732		-
3733		-934
3734		-00:47:48,090 ~-~-> 00:47:51,120
3735		-here. Okay, with an optimal trade entry,
3736		-
3737		-935
3738		-00:47:51,120 ~-~-> 00:47:52,290
3739		-which we're not going to go down to a
3740		-
3741		-936
3742		-00:47:52,290 ~-~-> 00:47:54,780
3743		-five minute chart because, again, these
3744		-
3745		-937
3746		-00:47:54,780 ~-~-> 00:47:58,050
3747		-videos are getting larger. By the time
3748		-
3749		-938
3750		-00:47:58,590 ~-~-> 00:48:04,020
3751		-I'm done, I end up with you No. Huge you
3752		-
3753		-939
3754		-00:48:04,020 ~-~-> 00:48:05,280
3755		-can see it goes right down to that.
3756		-
3757		-940
3758		-00:48:06,780 ~-~-> 00:48:15,510
3759		-satellites and treatment level. Okay.
3760		-
3761		-941
3762		-00:48:16,830 ~-~-> 00:48:22,680
3763		-Now let's zoom in I want to, I want to
3764		-
3765		-942
3766		-00:48:22,680 ~-~-> 00:48:26,520
3767		-give you that as an example, right in
3768		-
3769		-943
3770		-00:48:26,520 ~-~-> 00:48:28,680
3771		-here. This is that same little
3772		-
3773		-944
3774		-00:48:29,070 ~-~-> 00:48:30,630
3775		-consolidation we just worked within.
3776		-
3777		-945
3778		-00:48:33,030 ~-~-> 00:48:39,930
3779		-Let's use our reference point 9150
3780		-
3781		-946
3782		-00:48:39,930 ~-~-> 00:48:41,610
3783		-again, okay, and then we're just as an
3784		-
3785		-947
3786		-00:48:41,610 ~-~-> 00:48:46,470
3787		-unfulfilled range application. Okay, so
3788		-
3789		-948
3790		-00:48:46,470 ~-~-> 00:48:51,510
3791		-we're have 250 level. Put a fit on that
3792		-
3793		-949
3794		-00:48:51,510 ~-~-> 00:48:53,730
3795		-anchor pulled up to highest high that
3796		-
3797		-950
3798		-00:48:53,730 ~-~-> 00:48:56,130
3799		-we're seeing a retracement within. Okay,
3800		-
3801		-951
3802		-00:48:56,190 ~-~-> 00:48:59,760
3803		-and then as price comes back down 9160
3804		-
3805		-952
3806		-00:48:59,760 ~-~-> 00:49:03,750
3807		-level Plus the four pips spread, that
3808		-
3809		-953
3810		-00:49:03,750 ~-~-> 00:49:05,430
3811		-would be an area to be a buyer, which
3812		-
3813		-954
3814		-00:49:05,430 ~-~-> 00:49:07,890
3815		-would be up in here. And you can see
3816		-
3817		-955
3818		-00:49:07,890 ~-~-> 00:49:11,010
3819		-price did in fact move on from there.
3820		-
3821		-956
3822		-00:49:13,080 ~-~-> 00:49:16,410
3823		-Again just giving you additional
3824		-
3825		-957
3826		-00:49:16,650 ~-~-> 00:49:19,980
3827		-opportunities to see this effect. And
3828		-
3829		-958
3830		-00:49:20,100 ~-~-> 00:49:22,080
3831		-again, this is a smaller little look at
3832		-
3833		-959
3834		-00:49:22,080 ~-~-> 00:49:24,060
3835		-a five minute chart you can actually see
3836		-
3837		-960
3838		-00:49:24,060 ~-~-> 00:49:26,910
3839		-the order flow and water block in here,
3840		-
3841		-961
3842		-00:49:27,180 ~-~-> 00:49:29,790
3843		-but this candle prior to move up, it
3844		-
3845		-962
3846		-00:49:29,790 ~-~-> 00:49:31,020
3847		-moved back into that same candle here
3848		-
3849		-963
3850		-00:49:31,020 ~-~-> 00:49:33,090
3851		-prior to moving higher, much the same
3852		-
3853		-964
3854		-00:49:33,090 ~-~-> 00:49:35,670
3855		-way did here we have this bearish candle
3856		-
3857		-965
3858		-00:49:35,670 ~-~-> 00:49:37,920
3859		-prior to move out, go down to a five
3860		-
3861		-966
3862		-00:49:37,920 ~-~-> 00:49:39,330
3863		-minute time frame to see out price move
3864		-
3865		-967
3866		-00:49:39,330 ~-~-> 00:49:41,880
3867		-back into that order block here and move
3868		-
3869		-968
3870		-00:49:42,420 ~-~-> 00:49:48,330
3871		-higher. Okay, and zoom out. Let's go
3872		-
3873		-969
3874		-00:49:48,330 ~-~-> 00:49:50,610
3875		-back to our reference points of entry.
3876		-
3877		-970
3878		-00:49:52,020 ~-~-> 00:49:56,310
3879		-We have this one here and the this one
3880		-
3881		-971
3882		-00:49:56,310 ~-~-> 00:49:56,730
3883		-here.
3884		-
3885		-972
3886		-00:50:01,860 ~-~-> 00:50:06,030
3887		-Okay, and now we have another
3888		-
3889		-973
3890		-00:50:06,030 ~-~-> 00:50:18,810
3891		-opportunity to see another aisle trade
3892		-
3893		-974
3894		-00:50:18,810 ~-~-> 00:50:24,930
3895		-entry here using this range. So we'll
3896		-
3897		-975
3898		-00:50:24,930 ~-~-> 00:50:25,950
3899		-move this over so you can see a little
3900		-
3901		-976
3902		-00:50:25,950 ~-~-> 00:50:29,400
3903		-bit clear. Okay, we have the low here,
3904		-
3905		-977
3906		-00:50:30,330 ~-~-> 00:50:32,340
3907		-trading back down. Now as price moves
3908		-
3909		-978
3910		-00:50:32,370 ~-~-> 00:50:35,310
3911		-off that that larger order block level
3912		-
3913		-979
3914		-00:50:36,990 ~-~-> 00:50:39,060
3915		-price is starting to retrace, would we
3916		-
3917		-980
3918		-00:50:39,060 ~-~-> 00:50:40,530
3919		-expect it to come back down to there?
3920		-
3921		-981
3922		-00:50:40,770 ~-~-> 00:50:43,050
3923		-Obviously in an ideal world, we don't
3924		-
3925		-982
3926		-00:50:43,050 ~-~-> 00:50:44,910
3927		-want to see that happening. So what do
3928		-
3929		-983
3930		-00:50:44,910 ~-~-> 00:50:47,430
3931		-we have? We have defined range, the
3932		-
3933		-984
3934		-00:50:47,430 ~-~-> 00:50:53,880
3935		-range being this high No dude here
3936		-
3937		-985
3938		-00:50:55,440 ~-~-> 00:50:56,280
3939		-in the low
3940		-
3941		-986
3942		-00:50:59,070 ~-~-> 00:51:06,990
3943		-right there 91 58 sorry, 9156 I'm using
3944		-
3945		-987
3946		-00:51:06,990 ~-~-> 00:51:08,760
3947		-the actual candle low. So we have a
3948		-
3949		-988
3950		-00:51:08,760 ~-~-> 00:51:10,410
3951		-range between these two price points as
3952		-
3953		-989
3954		-00:51:10,410 ~-~-> 00:51:12,750
3955		-price rallies away from that order block
3956		-
3957		-990
3958		-00:51:12,750 ~-~-> 00:51:15,510
3959		-level and it starts to retrace. We don't
3960		-
3961		-991
3962		-00:51:15,510 ~-~-> 00:51:17,130
3963		-want to really see it come back down it
3964		-
3965		-992
3966		-00:51:17,130 ~-~-> 00:51:20,550
3967		-can it sure can. Okay. But ideally, you
3968		-
3969		-993
3970		-00:51:20,550 ~-~-> 00:51:22,320
3971		-want to be hunting a price pattern in
3972		-
3973		-994
3974		-00:51:22,320 ~-~-> 00:51:24,690
3975		-here to get long with that premise in
3976		-
3977		-995
3978		-00:51:24,690 ~-~-> 00:51:27,180
3979		-mind looking for higher prices to ensue.
3980		-
3981		-996
3982		-00:51:27,840 ~-~-> 00:51:31,290
3983		-And you see that happening here. Okay.
3984		-
3985		-997
3986		-00:51:32,040 ~-~-> 00:51:35,250
3987		-Again, same premise in mind. We have
3988		-
3989		-998
3990		-00:51:35,250 ~-~-> 00:51:41,130
3991		-higher prices expected. We have an
3992		-
3993		-999
3994		-00:51:41,130 ~-~-> 00:51:44,010
3995		-understanding of institutional order
3996		-
3997		-1000
3998		-00:51:44,010 ~-~-> 00:51:49,530
3999		-flow. We're going to hunt to
4000		-
4001		-1001
4002		-00:51:49,530 ~-~-> 00:51:52,800
4003		-opportunities in here. We have this
4004		-
4005		-1002
4006		-00:51:52,800 ~-~-> 00:51:57,030
4007		-level we're here 9211. Prices rallying
4008		-
4009		-1003
4010		-00:51:57,030 ~-~-> 00:52:01,140
4011		-up starts to retrace Okay, you're still
4012		-
4013		-1004
4014		-00:52:01,140 ~-~-> 00:52:03,120
4015		-overall bullish. So what are you gonna
4016		-
4017		-1005
4018		-00:52:03,120 ~-~-> 00:52:05,070
4019		-be looking for retracement back down to
4020		-
4021		-1006
4022		-00:52:05,550 ~-~-> 00:52:07,590
4023		-60 to 70 centration level, you get that
4024		-
4025		-1007
4026		-00:52:07,590 ~-~-> 00:52:13,650
4027		-right here. Okay. And if you use our
4028		-
4029		-1008
4030		-00:52:16,140 ~-~-> 00:52:19,590
4031		-unfulfilled range concepts here we
4032		-
4033		-1009
4034		-00:52:19,590 ~-~-> 00:52:22,530
4035		-expect price not to come back down to
4036		-
4037		-1010
4038		-00:52:22,530 ~-~-> 00:52:25,980
4039		-the institutional level price trades
4040		-
4041		-1011
4042		-00:52:25,980 ~-~-> 00:52:28,080
4043		-right to what level to sweet spot boom
4044		-
4045		-1012
4046		-00:52:28,950 ~-~-> 00:52:32,850
4047		-and rise up. So both are ideally
4048		-
4049		-1013
4050		-00:52:32,880 ~-~-> 00:52:34,530
4051		-suggesting that's a buy area anywhere
4052		-
4053		-1014
4054		-00:52:34,530 ~-~-> 00:52:38,730
4055		-between 90 to 4590 to 40 level. So add
4056		-
4057		-1015
4058		-00:52:38,730 ~-~-> 00:52:40,050
4059		-your spread to it and that'd be an entry
4060		-
4061		-1016
4062		-00:52:40,050 ~-~-> 00:52:43,680
4063		-point and then price against the move on
4064		-
4065		-1017
4066		-00:52:43,680 ~-~-> 00:52:46,950
4067		-up. Even even this
4068		-
4069		-1018
4070		-00:52:53,850 ~-~-> 00:52:55,500
4071		-this example here we're gonna have a
4072		-
4073		-1019
4074		-00:52:55,500 ~-~-> 00:52:58,620
4075		-look at here in a second. This stuff off
4076		-
4077		-1020
4078		-00:52:58,620 ~-~-> 00:53:02,580
4079		-the chart, we have another Small even
4080		-
4081		-1021
4082		-00:53:02,610 ~-~-> 00:53:04,770
4083		-again, this is a 15 minute chart but if
4084		-
4085		-1022
4086		-00:53:04,770 ~-~-> 00:53:06,000
4087		-you go down to a five minute chart
4088		-
4089		-1023
4090		-00:53:06,000 ~-~-> 00:53:08,880
4091		-you'll see this as another order block.
4092		-
4093		-1024
4094		-00:53:12,030 ~-~-> 00:53:14,280
4095		-Okay, so as price moves down into that
4096		-
4097		-1025
4098		-00:53:14,280 ~-~-> 00:53:17,430
4099		-level here let's use our
4100		-
4101		-1026
4102		-00:53:27,060 ~-~-> 00:53:36,060
4103		-here's our low range high. Okay. So
4104		-
4105		-1027
4106		-00:53:36,060 ~-~-> 00:53:38,400
4107		-essentially 100 PIP move between the two
4108		-
4109		-1028
4110		-00:53:38,400 ~-~-> 00:53:44,580
4111		-points for us the low to high price
4112		-
4113		-1029
4114		-00:53:44,580 ~-~-> 00:53:46,110
4115		-comes right down into that 62%
4116		-
4117		-1030
4118		-00:53:46,110 ~-~-> 00:53:47,400
4119		-retracement level and what does it do?
4120		-
4121		-1031
4122		-00:53:47,610 ~-~-> 00:53:53,130
4123		-returned back higher. Now ultimately,
4124		-
4125		-1032
4126		-00:53:53,310 ~-~-> 00:53:56,400
4127		-going into the weekend, we had a rather
4128		-
4129		-1033
4130		-00:53:56,400 ~-~-> 00:54:00,360
4131		-large weekend gap but in here, just here
4132		-
4133		-1034
4134		-00:54:00,360 ~-~-> 00:54:06,150
4135		-alone on Friday I'm talking about Friday
4136		-
4137		-1035
4138		-00:54:06,150 ~-~-> 00:54:09,510
4139		-prior to this recording, you have an
4140		-
4141		-1036
4142		-00:54:09,510 ~-~-> 00:54:11,850
4143		-opportunity to see a range in terms of
4144		-
4145		-1037
4146		-00:54:11,850 ~-~-> 00:54:14,880
4147		-pips of 54 pips comfortably pulling out
4148		-
4149		-1038
4150		-00:54:14,910 ~-~-> 00:54:18,690
4151		-obviously a 25 to 30 pips is not without
4152		-
4153		-1039
4154		-00:54:20,460 ~-~-> 00:54:21,750
4155		-the realm of possibility.
4156		-
4157		-1040
4158		-00:54:27,810 ~-~-> 00:54:31,140
4159		-Okay, so you can see just in one pair
4160		-
4161		-1041
4162		-00:54:32,400 ~-~-> 00:54:35,040
4163		-and it's got a 30 minute chart you can
4164		-
4165		-1042
4166		-00:54:35,040 ~-~-> 00:54:43,230
4167		-see do overall price action and actually
4168		-
4169		-1043
4170		-00:54:43,230 ~-~-> 00:54:45,210
4171		-goes down to 15 minutes or a little bit
4172		-
4173		-1044
4174		-00:54:45,210 ~-~-> 00:54:49,050
4175		-cleaner. There's the overall price
4176		-
4177		-1045
4178		-00:54:49,050 ~-~-> 00:54:50,070
4179		-structure what's happened.
4180		-
4181		-1046
4182		-00:54:51,540 ~-~-> 00:54:52,080
4183		-Okay.
4184		-
4185		-1047
4186		-00:54:53,130 ~-~-> 00:54:57,510
4187		-And numbers Friday's weekly high. And
4188		-
4189		-1048
4190		-00:54:57,840 ~-~-> 00:55:01,290
4191		-here's Monday's low on the week two,
4192		-
4193		-1049
4194		-00:55:01,290 ~-~-> 00:55:02,820
4195		-they given you opportunities to trade
4196		-
4197		-1050
4198		-00:55:04,950 ~-~-> 00:55:08,190
4199		-and because this is a yen pair and it's
4200		-
4201		-1051
4202		-00:55:08,190 ~-~-> 00:55:10,950
4203		-an Aussie yen pair it it really will be
4204		-
4205		-1052
4206		-00:55:10,950 ~-~-> 00:55:13,170
4207		-looking to make higher lows during the
4208		-
4209		-1053
4210		-00:55:13,200 ~-~-> 00:55:15,840
4211		-asian session. Okay, and if you look at
4212		-
4213		-1054
4214		-00:55:15,840 ~-~-> 00:55:20,040
4215		-the asian session on this week, we have
4216		-
4217		-1055
4218		-00:55:21,240 ~-~-> 00:55:23,940
4219		-this area here where price was making it
4220		-
4221		-1056
4222		-00:55:23,940 ~-~-> 00:55:27,390
4223		-slow for Tuesday and during the asian
4224		-
4225		-1057
4226		-00:55:27,390 ~-~-> 00:55:29,970
4227		-session to low on Wednesday was formed
4228		-
4229		-1058
4230		-00:55:29,970 ~-~-> 00:55:32,280
4231		-during the asian session and the low was
4232		-
4233		-1059
4234		-00:55:32,280 ~-~-> 00:55:37,110
4235		-formed on this this particular day comes
4236		-
4237		-1060
4238		-00:55:37,110 ~-~-> 00:55:41,670
4239		-in at the agent session as well. Okay.
4240		-
4241		-1061
4242		-00:55:41,910 ~-~-> 00:55:44,070
4243		-So against understanding your pair
4244		-
4245		-1062
4246		-00:55:44,070 ~-~-> 00:55:46,200
4247		-personalities and what characteristics
4248		-
4249		-1063
4250		-00:55:46,200 ~-~-> 00:55:48,120
4251		-go along with those particular pairs and
4252		-
4253		-1064
4254		-00:55:48,120 ~-~-> 00:55:52,170
4255		-what what that animal does during the
4256		-
4257		-1065
4258		-00:55:52,170 ~-~-> 00:55:54,600
4259		-trading 24 hour period that we we like
4260		-
4261		-1066
4262		-00:55:54,600 ~-~-> 00:55:58,290
4263		-to call it the Forex day because these
4264		-
4265		-1067
4266		-00:55:58,290 ~-~-> 00:56:01,230
4267		-are countries that are operating in our
4268		-
4269		-1068
4270		-00:56:01,230 ~-~-> 00:56:03,630
4271		-business around those times of the day,
4272		-
4273		-1069
4274		-00:56:03,930 ~-~-> 00:56:05,940
4275		-it's the beginning of their financial
4276		-
4277		-1070
4278		-00:56:05,940 ~-~-> 00:56:09,510
4279		-day. So it's important that they see
4280		-
4281		-1071
4282		-00:56:09,750 ~-~-> 00:56:12,390
4283		-security or particular market moves. And
4284		-
4285		-1072
4286		-00:56:12,510 ~-~-> 00:56:15,210
4287		-obviously signaling the significant
4288		-
4289		-1073
4290		-00:56:15,210 ~-~-> 00:56:18,660
4291		-highs and lows is, is one of the central
4292		-
4293		-1074
4294		-00:56:19,230 ~-~-> 00:56:22,350
4295		-characteristics to those pairs. much in
4296		-
4297		-1075
4298		-00:56:22,350 ~-~-> 00:56:23,790
4299		-the same way we see the British Pound in
4300		-
4301		-1076
4302		-00:56:23,790 ~-~-> 00:56:26,430
4303		-euro form, its daily, higher low on
4304		-
4305		-1077
4306		-00:56:26,430 ~-~-> 00:56:28,020
4307		-daily range during the London session,
4308		-
4309		-1078
4310		-00:56:28,020 ~-~-> 00:56:29,280
4311		-because that's generally when they're
4312		-
4313		-1079
4314		-00:56:29,550 ~-~-> 00:56:30,960
4315		-coming online. Okay.
4316		-
4317		-1080
4318		-00:56:31,980 ~-~-> 00:56:32,490
4319		-So
4320		-
4321		-1081
4322		-00:56:32,520 ~-~-> 00:56:34,140
4323		-hopefully these examples have been
4324		-
4325		-1082
4326		-00:56:34,140 ~-~-> 00:56:36,450
4327		-useful to you. Go over them, study them,
4328		-
4329		-1083
4330		-00:56:36,450 ~-~-> 00:56:38,040
4331		-and then obviously use the same premise
4332		-
4333		-1084
4334		-00:56:38,400 ~-~-> 00:56:40,590
4335		-and studying your own charts on a live
4336		-
4337		-1085
4338		-00:56:40,590 ~-~-> 00:56:44,070
4339		-basis. And you I promise, you put two
4340		-
4341		-1086
4342		-00:56:44,070 ~-~-> 00:56:46,560
4343		-three months into starch chart study
4344		-
4345		-1087
4346		-00:56:46,680 ~-~-> 00:56:48,780
4347		-using these concepts, you're going to
4348		-
4349		-1088
4350		-00:56:48,780 ~-~-> 00:56:50,790
4351		-start seeing as a whole different world
4352		-
4353		-1089
4354		-00:56:50,790 ~-~-> 00:56:53,370
4355		-of price action that's available to you.
4356		-
4357		-1090
4358		-00:56:53,490 ~-~-> 00:56:55,290
4359		-And that's really found nowhere else.
4360		-
4361		-1091
4362		-00:56:55,320 ~-~-> 00:56:58,290
4363		-It's an ICT exclusive and I hope it's
4364		-
4365		-1092
4366		-00:56:58,290 ~-~-> 00:57:01,140
4367		-been a blessing to you as It was for
4368		-
4369		-1093
4370		-00:57:01,170 ~-~-> 00:57:02,460
4371		-almost two decades for me.
4372		-
4373		-1094
4374		-00:57:12,090 ~-~-> 00:57:15,720
4375		-Alright guys, every single forex trader
4376		-
4377		-1095
4378		-00:57:15,750 ~-~-> 00:57:18,870
4379		-out there wants to see their trade
4380		-
4381		-1096
4382		-00:57:18,870 ~-~-> 00:57:21,360
4383		-become profitable. But before that can
4384		-
4385		-1097
4386		-00:57:21,360 ~-~-> 00:57:23,610
4387		-happen, you need to understand what it
4388		-
4389		-1098
4390		-00:57:23,610 ~-~-> 00:57:27,030
4391		-requires of you as a trader, to learn to
4392		-
4393		-1099
4394		-00:57:27,030 ~-~-> 00:57:29,460
4395		-anticipate price moves. It's one thing
4396		-
4397		-1100
4398		-00:57:29,460 ~-~-> 00:57:32,370
4399		-to expect to make money. And it's all
4400		-
4401		-1101
4402		-00:57:32,370 ~-~-> 00:57:34,350
4403		-together something else to expect to be
4404		-
4405		-1102
4406		-00:57:35,040 ~-~-> 00:57:38,040
4407		-accurate with your analysis. And one of
4408		-
4409		-1103
4410		-00:57:38,040 ~-~-> 00:57:40,770
4411		-the hardest things and I mean this
4412		-
4413		-1104
4414		-00:57:40,770 ~-~-> 00:57:42,810
4415		-sincerely, one of the hardest things for
4416		-
4417		-1105
4418		-00:57:42,810 ~-~-> 00:57:45,420
4419		-me as a trader, is the profit taking,
4420		-
4421		-1106
4422		-00:57:45,750 ~-~-> 00:57:48,240
4423		-okay, because I've been doing this for
4424		-
4425		-1107
4426		-00:57:48,240 ~-~-> 00:57:50,790
4427		-almost 20 years, and my analysis
4428		-
4429		-1108
4430		-00:57:50,790 ~-~-> 00:57:55,470
4431		-concepts are very, very strong, but the
4432		-
4433		-1109
4434		-00:57:55,470 ~-~-> 00:57:58,650
4435		-human element behind them sometimes I
4436		-
4437		-1110
4438		-00:57:58,650 ~-~-> 00:58:02,040
4439		-want to over trade the tools because
4440		-
4441		-1111
4442		-00:58:02,040 ~-~-> 00:58:04,800
4443		-either a hunch or a gut feeling. And
4444		-
4445		-1112
4446		-00:58:04,830 ~-~-> 00:58:06,660
4447		-it's something that I have to suppress
4448		-
4449		-1113
4450		-00:58:06,660 ~-~-> 00:58:08,490
4451		-as a trader, because sometimes I think
4452		-
4453		-1114
4454		-00:58:08,490 ~-~-> 00:58:10,440
4455		-I'm smarter than my tools. And that's
4456		-
4457		-1115
4458		-00:58:10,470 ~-~-> 00:58:13,380
4459		-where my ego comes in. Okay, so I've had
4460		-
4461		-1116
4462		-00:58:13,380 ~-~-> 00:58:17,520
4463		-to really, you know, hammer out a, an
4464		-
4465		-1117
4466		-00:58:17,520 ~-~-> 00:58:20,190
4467		-application of when do I take profits?
4468		-
4469		-1118
4470		-00:58:20,520 ~-~-> 00:58:23,250
4471		-Now, early on, much like every other
4472		-
4473		-1119
4474		-00:58:23,250 ~-~-> 00:58:25,200
4475		-trader, if you go into this business,
4476		-
4477		-1120
4478		-00:58:25,290 ~-~-> 00:58:27,750
4479		-and you encounter immediate
4480		-
4481		-1121
4482		-00:58:28,020 ~-~-> 00:58:30,480
4483		-profitability, whether it be short term
4484		-
4485		-1122
4486		-00:58:30,480 ~-~-> 00:58:31,830
4487		-or intermediate term or long term
4488		-
4489		-1123
4490		-00:58:31,830 ~-~-> 00:58:34,440
4491		-success in terms of duration, that's not
4492		-
4493		-1124
4494		-00:58:34,440 ~-~-> 00:58:35,790
4495		-the point. The point is, is if you go
4496		-
4497		-1125
4498		-00:58:35,790 ~-~-> 00:58:38,610
4499		-into it and start making money, the
4500		-
4501		-1126
4502		-00:58:38,610 ~-~-> 00:58:40,740
4503		-premise is that you're always going to
4504		-
4505		-1127
4506		-00:58:40,740 ~-~-> 00:58:42,960
4507		-be making money and your trades are
4508		-
4509		-1128
4510		-00:58:42,960 ~-~-> 00:58:45,030
4511		-therefore going to be profitable. And
4512		-
4513		-1129
4514		-00:58:45,150 ~-~-> 00:58:47,460
4515		-especially if you get these extrapolated
4516		-
4517		-1130
4518		-00:58:47,460 ~-~-> 00:58:50,610
4519		-profits, okay, really big targets. It
4520		-
4521		-1131
4522		-00:58:50,610 ~-~-> 00:58:51,990
4523		-kind of lulls you into thinking that
4524		-
4525		-1132
4526		-00:58:51,990 ~-~-> 00:58:53,850
4527		-that's the norm. Okay. And what will
4528		-
4529		-1133
4530		-00:58:53,850 ~-~-> 00:58:55,950
4531		-happen is as many times if your tool
4532		-
4533		-1134
4534		-00:58:55,950 ~-~-> 00:58:58,650
4535		-suggests it's going to be 80 PIP run up
4536		-
4537		-1135
4538		-00:59:00,300 ~-~-> 00:59:01,650
4539		-You're going to hold for 80 pips or
4540		-
4541		-1136
4542		-00:59:01,650 ~-~-> 00:59:03,120
4543		-maybe even at two or three trying to
4544		-
4545		-1137
4546		-00:59:03,120 ~-~-> 00:59:04,740
4547		-squeeze that last bit of juice out of
4548		-
4549		-1138
4550		-00:59:04,740 ~-~-> 00:59:08,610
4551		-that lemon. I have done that many, many
4552		-
4553		-1139
4554		-00:59:08,640 ~-~-> 00:59:11,130
4555		-times. And I've watched my really good
4556		-
4557		-1140
4558		-00:59:11,130 ~-~-> 00:59:13,890
4559		-trades turn into mediocre trades to
4560		-
4561		-1141
4562		-00:59:13,890 ~-~-> 00:59:16,050
4563		-break even trades and beginning of
4564		-
4565		-1142
4566		-00:59:16,050 ~-~-> 00:59:17,730
4567		-trading I love I've actually watched
4568		-
4569		-1143
4570		-00:59:17,730 ~-~-> 00:59:20,580
4571		-them go into net losses, severely net
4572		-
4573		-1144
4574		-00:59:20,580 ~-~-> 00:59:23,550
4575		-losses, okay, because much like anyone
4576		-
4577		-1145
4578		-00:59:23,550 ~-~-> 00:59:26,580
4579		-else I was, you know, prone to the same
4580		-
4581		-1146
4582		-00:59:26,580 ~-~-> 00:59:28,530
4583		-pitfalls everyone else has encountered
4584		-
4585		-1147
4586		-00:59:28,530 ~-~-> 00:59:30,270
4587		-in trading. And I didn't have any kind
4588		-
4589		-1148
4590		-00:59:30,270 ~-~-> 00:59:32,400
4591		-of mentors until Larry Williams. So I
4592		-
4593		-1149
4594		-00:59:32,400 ~-~-> 00:59:33,990
4595		-kind of like fumbled around in the
4596		-
4597		-1150
4598		-00:59:33,990 ~-~-> 00:59:36,090
4599		-markets until, you know, I got with
4600		-
4601		-1151
4602		-00:59:36,120 ~-~-> 00:59:37,980
4603		-someone that knew a little bit of
4604		-
4605		-1152
4606		-00:59:38,490 ~-~-> 00:59:39,960
4607		-technical analysis. I think everyone
4608		-
4609		-1153
4610		-00:59:39,960 ~-~-> 00:59:41,670
4611		-would agree that technical analysis and
4612		-
4613		-1154
4614		-00:59:41,670 ~-~-> 00:59:44,940
4615		-Larry whims go hand in hand. So that was
4616		-
4617		-1155
4618		-00:59:44,940 ~-~-> 00:59:47,310
4619		-like my foundation. And I realized that,
4620		-
4621		-1156
4622		-00:59:47,370 ~-~-> 00:59:50,160
4623		-you know, I could be right on a lot of
4624		-
4625		-1157
4626		-00:59:50,160 ~-~-> 00:59:52,470
4627		-the market moves but I would be wrong at
4628		-
4629		-1158
4630		-00:59:52,470 ~-~-> 00:59:55,080
4631		-my profitable exits because I would be
4632		-
4633		-1159
4634		-00:59:55,320 ~-~-> 00:59:57,330
4635		-greedy and hold on to the absolute
4636		-
4637		-1160
4638		-00:59:57,330 ~-~-> 01:00:02,130
4639		-highest point and it My goal in this
4640		-
4641		-1161
4642		-01:00:03,090 ~-~-> 01:00:03,660
4643		-episode
4644		-
4645		-1162
4646		-01:00:04,620 ~-~-> 01:00:08,100
4647		-is really to communicate this as best I
4648		-
4649		-1163
4650		-01:00:08,100 ~-~-> 01:00:10,590
4651		-possibly can. You do not need every
4652		-
4653		-1164
4654		-01:00:10,590 ~-~-> 01:00:14,160
4655		-piece of that move. Okay? You don't need
4656		-
4657		-1165
4658		-01:00:14,190 ~-~-> 01:00:17,640
4659		-every PIP in every swing. You need to
4660		-
4661		-1166
4662		-01:00:17,640 ~-~-> 01:00:18,060
4663		-need
4664		-
4665		-1167
4666		-01:00:19,109 ~-~-> 01:00:19,739
4667		-pips.
4668		-
4669		-1168
4670		-01:00:20,459 ~-~-> 01:00:22,409
4671		-Okay? And I don't want to really define
4672		-
4673		-1169
4674		-01:00:22,409 ~-~-> 01:00:24,689
4675		-it for anyone, but you just need pips.
4676		-
4677		-1170
4678		-01:00:24,869 ~-~-> 01:00:27,509
4679		-Okay, and I'll give you some ideas on
4680		-
4681		-1171
4682		-01:00:27,509 ~-~-> 01:00:29,489
4683		-how to frame that. What is your
4684		-
4685		-1172
4686		-01:00:29,489 ~-~-> 01:00:31,439
4687		-objective? Well, it depends on what type
4688		-
4689		-1173
4690		-01:00:31,439 ~-~-> 01:00:33,239
4691		-of trader you're going to be. This
4692		-
4693		-1174
4694		-01:00:34,499 ~-~-> 01:00:36,989
4695		-series is designed for getting that one
4696		-
4697		-1175
4698		-01:00:37,079 ~-~-> 01:00:41,129
4699		-shot, one kill for the week. Okay, that
4700		-
4701		-1176
4702		-01:00:41,129 ~-~-> 01:00:42,539
4703		-means you're literally looking for an
4704		-
4705		-1177
4706		-01:00:42,569 ~-~-> 01:00:44,939
4707		-out really cheery opportunity to be
4708		-
4709		-1178
4710		-01:00:44,939 ~-~-> 01:00:47,459
4711		-trading one time for the entire week.
4712		-
4713		-1179
4714		-01:00:47,699 ~-~-> 01:00:49,859
4715		-Okay? Because if you can't do that,
4716		-
4717		-1180
4718		-01:00:50,369 ~-~-> 01:00:51,929
4719		-you're not going to be able to handle
4720		-
4721		-1181
4722		-01:00:51,929 ~-~-> 01:00:53,759
4723		-yourself trading every single day as a
4724		-
4725		-1182
4726		-01:00:53,759 ~-~-> 01:00:55,169
4727		-day trader, because you're gonna be
4728		-
4729		-1183
4730		-01:00:55,169 ~-~-> 01:00:57,539
4731		-doing things before you should. You can
4732		-
4733		-1184
4734		-01:00:57,539 ~-~-> 01:00:59,279
4735		-be buying more or selling more than you
4736		-
4737		-1185
4738		-01:00:59,279 ~-~-> 01:01:01,649
4739		-should you doing everything wrong, okay,
4740		-
4741		-1186
4742		-01:01:01,649 ~-~-> 01:01:03,359
4743		-because you haven't developed the
4744		-
4745		-1187
4746		-01:01:03,359 ~-~-> 01:01:05,459
4747		-discipline that's necessary for you to
4748		-
4749		-1188
4750		-01:01:05,459 ~-~-> 01:01:08,729
4751		-be able to adhere to a set of rules. And
4752		-
4753		-1189
4754		-01:01:08,729 ~-~-> 01:01:11,099
4755		-yes, there are rules of engagement that
4756		-
4757		-1190
4758		-01:01:11,099 ~-~-> 01:01:13,199
4759		-you have to have as a trader. Okay, this
4760		-
4761		-1191
4762		-01:01:13,199 ~-~-> 01:01:15,629
4763		-whole trading series is themed around
4764		-
4765		-1192
4766		-01:01:15,629 ~-~-> 01:01:17,879
4767		-the military aspect. And I purposely
4768		-
4769		-1193
4770		-01:01:17,879 ~-~-> 01:01:20,369
4771		-chose that because that's what I had to
4772		-
4773		-1194
4774		-01:01:20,369 ~-~-> 01:01:23,939
4775		-do to myself, because it's one thing for
4776		-
4777		-1195
4778		-01:01:23,939 ~-~-> 01:01:26,549
4779		-me to make these videos and the majority
4780		-
4781		-1196
4782		-01:01:26,549 ~-~-> 01:01:28,409
4783		-of everyone out there thinks that I'm
4784		-
4785		-1197
4786		-01:01:28,409 ~-~-> 01:01:32,039
4787		-this new, cold calculated market wizard,
4788		-
4789		-1198
4790		-01:01:32,159 ~-~-> 01:01:34,979
4791		-okay? And I never make mistakes. I make
4792		-
4793		-1199
4794		-01:01:34,979 ~-~-> 01:01:37,859
4795		-mistakes. Okay. My presentations are
4796		-
4797		-1200
4798		-01:01:37,859 ~-~-> 01:01:41,819
4799		-geared to you as a learning tool to
4800		-
4801		-1201
4802		-01:01:41,819 ~-~-> 01:01:44,129
4803		-avoid many of the things that I did
4804		-
4805		-1202
4806		-01:01:44,129 ~-~-> 01:01:45,809
4807		-early in my trading and some of the
4808		-
4809		-1203
4810		-01:01:45,809 ~-~-> 01:01:47,699
4811		-things I still have to deal with on a
4812		-
4813		-1204
4814		-01:01:47,699 ~-~-> 01:01:50,249
4815		-daily basis as a trader, and that one
4816		-
4817		-1205
4818		-01:01:50,309 ~-~-> 01:01:54,509
4819		-particular thing is profits. If you do
4820		-
4821		-1206
4822		-01:01:54,509 ~-~-> 01:01:57,779
4823		-not have a predetermined exit point
4824		-
4825		-1207
4826		-01:01:58,409 ~-~-> 01:02:01,049
4827		-before you even get in the trade I
4828		-
4829		-1208
4830		-01:02:01,049 ~-~-> 01:02:03,809
4831		-promise you, you will be plagued with
4832		-
4833		-1209
4834		-01:02:03,809 ~-~-> 01:02:05,969
4835		-this problem. And it may sound like a
4836		-
4837		-1210
4838		-01:02:05,969 ~-~-> 01:02:07,649
4839		-good problem to have when you get out
4840		-
4841		-1211
4842		-01:02:07,649 ~-~-> 01:02:09,239
4843		-with profits. But I'm gonna tell you if
4844		-
4845		-1212
4846		-01:02:09,239 ~-~-> 01:02:10,679
4847		-you have been trading long those of you
4848		-
4849		-1213
4850		-01:02:10,679 ~-~-> 01:02:11,819
4851		-who have been trading for a while know
4852		-
4853		-1214
4854		-01:02:11,819 ~-~-> 01:02:14,009
4855		-exactly what I'm talking about your
4856		-
4857		-1215
4858		-01:02:14,009 ~-~-> 01:02:16,529
4859		-winning trades if you exit them and
4860		-
4861		-1216
4862		-01:02:16,529 ~-~-> 01:02:19,589
4863		-continue to move 60 7200 pips more than
4864		-
4865		-1217
4866		-01:02:19,589 ~-~-> 01:02:23,219
4867		-you got out at, are you right? Chances
4868		-
4869		-1218
4870		-01:02:23,219 ~-~-> 01:02:24,749
4871		-are you're going to define your trade as
4872		-
4873		-1219
4874		-01:02:24,779 ~-~-> 01:02:27,509
4875		-not right? profitable, yes, but you're
4876		-
4877		-1220
4878		-01:02:27,509 ~-~-> 01:02:29,099
4879		-not right. So you're going to wrestle
4880		-
4881		-1221
4882		-01:02:29,099 ~-~-> 01:02:30,989
4883		-with that idea. Okay, you're going to
4884		-
4885		-1222
4886		-01:02:30,989 ~-~-> 01:02:33,269
4887		-argue with it, thinking, Hey, you know,
4888		-
4889		-1223
4890		-01:02:33,659 ~-~-> 01:02:35,309
4891		-I didn't do something right. I could
4892		-
4893		-1224
4894		-01:02:35,309 ~-~-> 01:02:37,379
4895		-have made a lot more pips. Instead of
4896		-
4897		-1225
4898		-01:02:37,379 ~-~-> 01:02:39,359
4899		-the saying, You know what? I saw an
4900		-
4901		-1226
4902		-01:02:39,359 ~-~-> 01:02:41,759
4903		-opportunity. I executed, I follow my
4904		-
4905		-1227
4906		-01:02:41,759 ~-~-> 01:02:44,099
4907		-plan, and I exited at a predetermined
4908		-
4909		-1228
4910		-01:02:44,099 ~-~-> 01:02:46,499
4911		-level. There should be no shame in that.
4912		-
4913		-1229
4914		-01:02:47,129 ~-~-> 01:02:50,099
4915		-Zero shaming, but many of you will still
4916		-
4917		-1230
4918		-01:02:50,609 ~-~-> 01:02:52,499
4919		-arm wrestle yourself. beat yourself up.
4920		-
4921		-1231
4922		-01:02:52,499 ~-~-> 01:02:54,179
4923		-Say Man, I wish I would have done that
4924		-
4925		-1232
4926		-01:02:54,179 ~-~-> 01:02:55,799
4927		-that would have paid for the 16 losing
4928		-
4929		-1233
4930		-01:02:55,799 ~-~-> 01:02:59,309
4931		-trades ahead last few months. But you
4932		-
4933		-1234
4934		-01:02:59,309 ~-~-> 01:03:02,489
4935		-have to disciplined, you absolutely have
4936		-
4937		-1235
4938		-01:03:02,489 ~-~-> 01:03:05,489
4939		-to have that, in your repertoire in your
4940		-
4941		-1236
4942		-01:03:05,489 ~-~-> 01:03:07,709
4943		-game plan in your trading plan, you have
4944		-
4945		-1237
4946		-01:03:07,709 ~-~-> 01:03:09,569
4947		-to have it. Because if you don't have
4948		-
4949		-1238
4950		-01:03:09,569 ~-~-> 01:03:11,639
4951		-it, I can tell you as almost a two
4952		-
4953		-1239
4954		-01:03:11,639 ~-~-> 01:03:14,459
4955		-decade veteran in trading, that is one
4956		-
4957		-1240
4958		-01:03:14,459 ~-~-> 01:03:17,429
4959		-of the most hardest things for traders
4960		-
4961		-1241
4962		-01:03:17,429 ~-~-> 01:03:20,279
4963		-to overcome. I can be wildly profitable,
4964		-
4965		-1242
4966		-01:03:21,359 ~-~-> 01:03:24,869
4967		-but I don't have it right every single
4968		-
4969		-1243
4970		-01:03:24,869 ~-~-> 01:03:27,659
4971		-time. And it's the times that I hold on
4972		-
4973		-1244
4974		-01:03:27,659 ~-~-> 01:03:30,959
4975		-for that 75 PIP move when I'm already
4976		-
4977		-1245
4978		-01:03:30,959 ~-~-> 01:03:34,739
4979		-banked 60 pips in the first half of the
4980		-
4981		-1246
4982		-01:03:34,739 ~-~-> 01:03:37,169
4983		-trade, and I'm holding out for 75 for my
4984		-
4985		-1247
4986		-01:03:37,169 ~-~-> 01:03:38,939
4987		-second target or more final collapsing
4988		-
4989		-1248
4990		-01:03:38,999 ~-~-> 01:03:42,929
4991		-of the open position. I may be seeing
4992		-
4993		-1249
4994		-01:03:42,959 ~-~-> 01:03:45,029
4995		-maybe the spread just before it gets me
4996		-
4997		-1250
4998		-01:03:45,029 ~-~-> 01:03:46,949
4999		-out. And I'll hold on to that thinking
5000		-
5001		-1251
5002		-01:03:46,949 ~-~-> 01:03:48,509
5003		-that I'm going to get that trade. Then
5004		-
5005		-1252
5006		-01:03:48,509 ~-~-> 01:03:50,039
5007		-it comes back and knocks me about you
5008		-
5009		-1253
5010		-01:03:50,039 ~-~-> 01:03:51,269
5011		-know, at 60 pips for the remaining
5012		-
5013		-1254
5014		-01:03:51,269 ~-~-> 01:03:53,069
5015		-portion. There's nothing wrong with
5016		-
5017		-1255
5018		-01:03:53,069 ~-~-> 01:03:55,619
5019		-that. But internally I wrestle with that
5020		-
5021		-1256
5022		-01:03:55,619 ~-~-> 01:03:57,179
5023		-thinking I should have just collapsed it
5024		-
5025		-1257
5026		-01:03:57,179 ~-~-> 01:03:59,549
5027		-when I, you know, had 60 pips together
5028		-
5029		-1258
5030		-01:03:59,549 ~-~-> 01:04:00,959
5031		-and now I'm on armwrestling myself
5032		-
5033		-1259
5034		-01:04:00,959 ~-~-> 01:04:02,609
5035		-internally, you know, I'll be driving on
5036		-
5037		-1260
5038		-01:04:02,609 ~-~-> 01:04:04,169
5039		-the road going to the store going to the
5040		-
5041		-1261
5042		-01:04:04,169 ~-~-> 01:04:06,149
5043		-movies or going to a Redbox and get a
5044		-
5045		-1262
5046		-01:04:06,149 ~-~-> 01:04:09,059
5047		-DVD for the night. And these things
5048		-
5049		-1263
5050		-01:04:09,059 ~-~-> 01:04:11,999
5051		-plagued me, okay, because I have OCD, I
5052		-
5053		-1264
5054		-01:04:11,999 ~-~-> 01:04:14,999
5055		-completely understand obsessive
5056		-
5057		-1265
5058		-01:04:15,029 ~-~-> 01:04:17,459
5059		-compulsive disorder, I live it. Okay. So
5060		-
5061		-1266
5062		-01:04:17,849 ~-~-> 01:04:20,969
5063		-if you don't have that, if you trade
5064		-
5065		-1267
5066		-01:04:20,969 ~-~-> 01:04:22,589
5067		-long enough, you might develop it.
5068		-
5069		-1268
5070		-01:04:23,009 ~-~-> 01:04:24,569
5071		-Because what'll happen is is you're
5072		-
5073		-1269
5074		-01:04:24,569 ~-~-> 01:04:28,139
5075		-gonna overanalyze everything you do, and
5076		-
5077		-1270
5078		-01:04:28,139 ~-~-> 01:04:30,479
5079		-that's a good thing as a learning tool.
5080		-
5081		-1271
5082		-01:04:30,749 ~-~-> 01:04:33,629
5083		-Okay? But once you really adopt an idea
5084		-
5085		-1272
5086		-01:04:33,629 ~-~-> 01:04:34,829
5087		-what you should be doing as a trading
5088		-
5089		-1273
5090		-01:04:35,009 ~-~-> 01:04:37,319
5091		-plan. You don't really want to
5092		-
5093		-1274
5094		-01:04:37,319 ~-~-> 01:04:39,239
5095		-overanalyze it, you want to stay within
5096		-
5097		-1275
5098		-01:04:39,239 ~-~-> 01:04:41,579
5099		-those parameters. Okay. And that starts
5100		-
5101		-1276
5102		-01:04:41,579 ~-~-> 01:04:44,099
5103		-with number one, having an idea of where
5104		-
5105		-1277
5106		-01:04:44,099 ~-~-> 01:04:45,179
5107		-you're going to get out at when the
5108		-
5109		-1278
5110		-01:04:45,179 ~-~-> 01:04:48,029
5111		-trades moved in your favor. Okay. That's
5112		-
5113		-1279
5114		-01:04:48,029 ~-~-> 01:04:51,359
5115		-not a limitation. Do not view exiting a
5116		-
5117		-1280
5118		-01:04:51,359 ~-~-> 01:04:53,969
5119		-trade at 60 pips profit pre determined
5120		-
5121		-1281
5122		-01:04:53,969 ~-~-> 01:04:56,429
5123		-before you even put the trade on, and it
5124		-
5125		-1282
5126		-01:04:56,429 ~-~-> 01:04:58,409
5127		-moves 90 pips or hundred pips beyond
5128		-
5129		-1283
5130		-01:04:58,409 ~-~-> 01:05:00,599
5131		-that. Okay. Do not do that. That as
5132		-
5133		-1284
5134		-01:05:00,599 ~-~-> 01:05:02,939
5135		-weakness, okay, do not,
5136		-
5137		-1285
5138		-01:05:03,150 ~-~-> 01:05:04,290
5139		-because I'm gonna tell you right now, if
5140		-
5141		-1286
5142		-01:05:04,290 ~-~-> 01:05:07,500
5143		-you do that every single week, or three
5144		-
5145		-1287
5146		-01:05:07,500 ~-~-> 01:05:11,460
5147		-times a month, you are in the Upper 5%
5148		-
5149		-1288
5150		-01:05:11,820 ~-~-> 01:05:14,850
5151		-of forex traders, because 90% of them
5152		-
5153		-1289
5154		-01:05:14,880 ~-~-> 01:05:16,830
5155		-don't make money. They aren't
5156		-
5157		-1290
5158		-01:05:16,830 ~-~-> 01:05:18,540
5159		-consistent. They can't even find the
5160		-
5161		-1291
5162		-01:05:18,540 ~-~-> 01:05:20,160
5163		-right time to get into trades. Okay? And
5164		-
5165		-1292
5166		-01:05:20,160 ~-~-> 01:05:21,540
5167		-I don't mean that for some of you who
5168		-
5169		-1293
5170		-01:05:21,540 ~-~-> 01:05:22,590
5171		-are watching this, I'm not trying to
5172		-
5173		-1294
5174		-01:05:22,590 ~-~-> 01:05:24,060
5175		-beat you up or make you feel silly or,
5176		-
5177		-1295
5178		-01:05:24,210 ~-~-> 01:05:27,720
5179		-or you know, uneducated. Okay. I'm just
5180		-
5181		-1296
5182		-01:05:27,720 ~-~-> 01:05:30,720
5183		-trying to illustrate the point that you
5184		-
5185		-1297
5186		-01:05:30,720 ~-~-> 01:05:33,300
5187		-need to change your thought process
5188		-
5189		-1298
5190		-01:05:33,450 ~-~-> 01:05:36,270
5191		-about taking profits, okay, before you
5192		-
5193		-1299
5194		-01:05:36,300 ~-~-> 01:05:38,040
5195		-even start implementing these tools,
5196		-
5197		-1300
5198		-01:05:38,310 ~-~-> 01:05:39,960
5199		-because if you don't give yourself the
5200		-
5201		-1301
5202		-01:05:39,990 ~-~-> 01:05:42,720
5203		-permission to have a predetermine exit
5204		-
5205		-1302
5206		-01:05:42,720 ~-~-> 01:05:46,110
5207		-point and be content with that, you can
5208		-
5209		-1303
5210		-01:05:46,140 ~-~-> 01:05:48,330
5211		-slowly develop into Bigger Longer term
5212		-
5213		-1304
5214		-01:05:48,360 ~-~-> 01:05:50,910
5215		-profit objectives, okay? But for now,
5216		-
5217		-1305
5218		-01:05:50,970 ~-~-> 01:05:53,490
5219		-let's just deal with this head on and
5220		-
5221		-1306
5222		-01:05:53,490 ~-~-> 01:05:55,110
5223		-understand that whatever profit
5224		-
5225		-1307
5226		-01:05:57,390 ~-~-> 01:06:00,000
5227		-opportunities you have pre determined in
5228		-
5229		-1308
5230		-01:06:00,000 ~-~-> 01:06:01,950
5231		-Your trading plan. Those are what you're
5232		-
5233		-1309
5234		-01:06:01,950 ~-~-> 01:06:04,020
5235		-sticking to come hell or high water.
5236		-
5237		-1310
5238		-01:06:04,230 ~-~-> 01:06:05,910
5239		-That's what you're going to do. Okay.
5240		-
5241		-1311
5242		-01:06:05,910 ~-~-> 01:06:08,370
5243		-And then obviously, you can tweak it
5244		-
5245		-1312
5246		-01:06:08,370 ~-~-> 01:06:11,190
5247		-later on, that builds upon sound
5248		-
5249		-1313
5250		-01:06:11,310 ~-~-> 01:06:13,770
5251		-information and ideas and build a
5252		-
5253		-1314
5254		-01:06:13,770 ~-~-> 01:06:16,350
5255		-premise around. But until we get to that
5256		-
5257		-1315
5258		-01:06:16,350 ~-~-> 01:06:18,000
5259		-point, we have to have a foundation. And
5260		-
5261		-1316
5262		-01:06:18,000 ~-~-> 01:06:19,620
5263		-this is a very, very strong foundation.
5264		-
5265		-1317
5266		-01:06:20,340 ~-~-> 01:06:22,320
5267		-This is one of the things I instill in
5268		-
5269		-1318
5270		-01:06:22,320 ~-~-> 01:06:24,210
5271		-my own trading. And it made a huge
5272		-
5273		-1319
5274		-01:06:24,210 ~-~-> 01:06:25,950
5275		-impact in my overall profitability and
5276		-
5277		-1320
5278		-01:06:25,950 ~-~-> 01:06:28,830
5279		-consistency. So now let's talk about
5280		-
5281		-1321
5282		-01:06:28,830 ~-~-> 01:06:31,230
5283		-price swings. Because obviously, without
5284		-
5285		-1322
5286		-01:06:31,230 ~-~-> 01:06:33,420
5287		-understanding what you're dealing with,
5288		-
5289		-1323
5290		-01:06:33,480 ~-~-> 01:06:35,310
5291		-when a price level scale, you're not
5292		-
5293		-1324
5294		-01:06:35,310 ~-~-> 01:06:36,930
5295		-going to understand where profits should
5296		-
5297		-1325
5298		-01:06:36,930 ~-~-> 01:06:39,570
5299		-be taken. Now, if you look at this crude
5300		-
5301		-1326
5302		-01:06:39,600 ~-~-> 01:06:41,730
5303		-diagram, I agree, okay, but it's gonna
5304		-
5305		-1327
5306		-01:06:41,730 ~-~-> 01:06:43,650
5307		-accomplish the method nonetheless, we
5308		-
5309		-1328
5310		-01:06:43,650 ~-~-> 01:06:45,240
5311		-have a small little minor price swing
5312		-
5313		-1329
5314		-01:06:45,240 ~-~-> 01:06:48,300
5315		-here, we have a intermediate term price
5316		-
5317		-1330
5318		-01:06:48,300 ~-~-> 01:06:50,130
5319		-swing and maybe even a longer term price
5320		-
5321		-1331
5322		-01:06:50,130 ~-~-> 01:06:53,040
5323		-swing. Okay? Now, it's not really
5324		-
5325		-1332
5326		-01:06:53,340 ~-~-> 01:06:55,170
5327		-important as to what timeframe This is
5328		-
5329		-1333
5330		-01:06:55,170 ~-~-> 01:06:56,610
5331		-because it's universal. it's applicable
5332		-
5333		-1334
5334		-01:06:56,640 ~-~-> 01:06:58,590
5335		-all timeframes, but we're going to say
5336		-
5337		-1335
5338		-01:06:58,590 ~-~-> 01:07:02,280
5339		-for instance, This is possibly a five
5340		-
5341		-1336
5342		-01:07:02,280 ~-~-> 01:07:03,990
5343		-minute chart. Okay, and this is the
5344		-
5345		-1337
5346		-01:07:03,990 ~-~-> 01:07:06,210
5347		-beginning of a new day, you've hunted a
5348		-
5349		-1338
5350		-01:07:06,210 ~-~-> 01:07:08,070
5351		-set up, and maybe this is going into the
5352		-
5353		-1339
5354		-01:07:08,070 ~-~-> 01:07:10,650
5355		-London kill zone. And you've expected
5356		-
5357		-1340
5358		-01:07:10,650 ~-~-> 01:07:13,380
5359		-some level of support down here. Okay,
5360		-
5361		-1341
5362		-01:07:13,440 ~-~-> 01:07:15,480
5363		-and you have to Apollo, I have to
5364		-
5365		-1342
5366		-01:07:15,480 ~-~-> 01:07:17,910
5367		-apologize up ahead of this, because I'm
5368		-
5369		-1343
5370		-01:07:17,910 ~-~-> 01:07:19,290
5371		-not going to be spending a whole lot of
5372		-
5373		-1344
5374		-01:07:19,290 ~-~-> 01:07:20,670
5375		-time dressing us up with a lot of
5376		-
5377		-1345
5378		-01:07:20,670 ~-~-> 01:07:22,470
5379		-lipstick as I did the previous ones,
5380		-
5381		-1346
5382		-01:07:22,470 ~-~-> 01:07:25,980
5383		-because, quite frankly, I am spending a
5384		-
5385		-1347
5386		-01:07:25,980 ~-~-> 01:07:28,470
5387		-lot of time on these videos. And even
5388		-
5389		-1348
5390		-01:07:28,470 ~-~-> 01:07:29,490
5391		-though you're getting the playback of
5392		-
5393		-1349
5394		-01:07:29,490 ~-~-> 01:07:31,890
5395		-about two hours and such, it's taking me
5396		-
5397		-1350
5398		-01:07:31,890 ~-~-> 01:07:33,330
5399		-about nine hours to produce these
5400		-
5401		-1351
5402		-01:07:33,330 ~-~-> 01:07:35,760
5403		-things. So I'm trying to keep it short
5404		-
5405		-1352
5406		-01:07:35,760 ~-~-> 01:07:36,780
5407		-and sweet. And even though it's not
5408		-
5409		-1353
5410		-01:07:36,780 ~-~-> 01:07:38,550
5411		-gonna be that short and sweet on the
5412		-
5413		-1354
5414		-01:07:38,550 ~-~-> 01:07:40,950
5415		-viewing side of it. But assuming there's
5416		-
5417		-1355
5418		-01:07:40,950 ~-~-> 01:07:42,720
5419		-some kind of support level, or premise
5420		-
5421		-1356
5422		-01:07:42,720 ~-~-> 01:07:43,710
5423		-that you think this is going to go
5424		-
5425		-1357
5426		-01:07:43,710 ~-~-> 01:07:45,540
5427		-higher, okay? We're not dealing with the
5428		-
5429		-1358
5430		-01:07:45,540 ~-~-> 01:07:46,710
5431		-entry points here we're dealing with
5432		-
5433		-1359
5434		-01:07:46,710 ~-~-> 01:07:50,490
5435		-targeting. Assuming that you get in here
5436		-
5437		-1360
5438		-01:07:50,520 ~-~-> 01:07:53,550
5439		-on a minor pullback, okay, and something
5440		-
5441		-1361
5442		-01:07:53,580 ~-~-> 01:07:56,340
5443		-set up this opportunity is a buy. Okay,
5444		-
5445		-1362
5446		-01:07:56,610 ~-~-> 01:08:00,000
5447		-and where do we anticipate the upside
5448		-
5449		-1363
5450		-01:08:00,000 ~-~-> 01:08:02,070
5451		-Objectives. Okay, well first you got
5452		-
5453		-1364
5454		-01:08:02,070 ~-~-> 01:08:03,840
5455		-numbers numbers understand that there
5456		-
5457		-1365
5458		-01:08:03,840 ~-~-> 01:08:06,420
5459		-are price swings within price swings
5460		-
5461		-1366
5462		-01:08:06,420 ~-~-> 01:08:08,970
5463		-within price swings, okay, this price
5464		-
5465		-1367
5466		-01:08:08,970 ~-~-> 01:08:13,590
5467		-swing here is 50% of this range from
5468		-
5469		-1368
5470		-01:08:13,590 ~-~-> 01:08:16,950
5471		-high to low, this price swing here, okay
5472		-
5473		-1369
5474		-01:08:16,950 ~-~-> 01:08:19,950
5475		-is equal to this price swing, but it
5476		-
5477		-1370
5478		-01:08:19,950 ~-~-> 01:08:23,430
5479		-retraces back within 50% range of this,
5480		-
5481		-1371
5482		-01:08:23,460 ~-~-> 01:08:26,880
5483		-okay. So there's a rule here that you
5484		-
5485		-1372
5486		-01:08:26,880 ~-~-> 01:08:29,550
5487		-have to understand in targeting, that
5488		-
5489		-1373
5490		-01:08:29,550 ~-~-> 01:08:33,030
5491		-means a symmetrical price swing. Okay? a
5492		-
5493		-1374
5494		-01:08:33,120 ~-~-> 01:08:35,370
5495		-symmetrical price swing is basically
5496		-
5497		-1375
5498		-01:08:35,370 ~-~-> 01:08:37,860
5499		-something like this, this move up here,
5500		-
5501		-1376
5502		-01:08:38,280 ~-~-> 01:08:41,940
5503		-when this low, assuming this is a low,
5504		-
5505		-1377
5506		-01:08:42,510 ~-~-> 01:08:45,090
5507		-if it's breaks right here, we should see
5508		-
5509		-1378
5510		-01:08:45,120 ~-~-> 01:08:47,010
5511		-a equal move from this low to this
5512		-
5513		-1379
5514		-01:08:47,010 ~-~-> 01:08:50,190
5515		-highest high, okay? This becomes a
5516		-
5517		-1380
5518		-01:08:50,190 ~-~-> 01:08:52,680
5519		-fulcrum point, okay, or a pivot point,
5520		-
5521		-1381
5522		-01:08:53,280 ~-~-> 01:08:56,430
5523		-not pivot point like s one s two type
5524		-
5525		-1382
5526		-01:08:56,430 ~-~-> 01:08:58,170
5527		-pivots. I'm talking about a pivot point
5528		-
5529		-1383
5530		-01:08:58,170 ~-~-> 01:08:59,970
5531		-in such a way where when price breaks
5532		-
5533		-1384
5534		-01:09:00,000 ~-~-> 01:09:04,140
5535		-That you'll see it move lower and lower,
5536		-
5537		-1385
5538		-01:09:04,140 ~-~-> 01:09:06,840
5539		-it's just like a hinge right here. Price
5540		-
5541		-1386
5542		-01:09:06,840 ~-~-> 01:09:09,780
5543		-swung up, once it broke that low used to
5544		-
5545		-1387
5546		-01:09:09,780 ~-~-> 01:09:12,210
5547		-see an equal move from this low to this
5548		-
5549		-1388
5550		-01:09:12,210 ~-~-> 01:09:16,080
5551		-high in terms of range equal from this
5552		-
5553		-1389
5554		-01:09:16,230 ~-~-> 01:09:19,920
5555		-low, lower, and you see that here, okay?
5556		-
5557		-1390
5558		-01:09:20,489 ~-~-> 01:09:22,499
5559		-That same thing can be
5560		-
5561		-1391
5562		-01:09:22,980 ~-~-> 01:09:26,280
5563		-developed on and moved in the green once
5564		-
5565		-1392
5566		-01:09:26,310 ~-~-> 01:09:29,850
5567		-this high is broken. And you see that
5568		-
5569		-1393
5570		-01:09:29,850 ~-~-> 01:09:32,310
5571		-here. Now inside this price move here
5572		-
5573		-1394
5574		-01:09:32,310 ~-~-> 01:09:34,440
5575		-assuming this is a price rally, it's a
5576		-
5577		-1395
5578		-01:09:34,440 ~-~-> 01:09:35,970
5579		-straight line but obviously we know
5580		-
5581		-1396
5582		-01:09:35,970 ~-~-> 01:09:37,260
5583		-prices and always moving in a straight
5584		-
5585		-1397
5586		-01:09:37,260 ~-~-> 01:09:38,850
5587		-line. There's other price swings within
5588		-
5589		-1398
5590		-01:09:38,850 ~-~-> 01:09:40,530
5591		-here, but the overall what I'm trying to
5592		-
5593		-1399
5594		-01:09:40,530 ~-~-> 01:09:43,440
5595		-draw your eye to is this overall price
5596		-
5597		-1400
5598		-01:09:43,440 ~-~-> 01:09:46,740
5599		-swing lower. In this price swing from
5600		-
5601		-1401
5602		-01:09:46,740 ~-~-> 01:09:50,460
5603		-high to low, there may be two, three,
5604		-
5605		-1402
5606		-01:09:50,490 ~-~-> 01:09:53,670
5607		-maybe four or even multiple, smaller
5608		-
5609		-1403
5610		-01:09:53,670 ~-~-> 01:09:55,860
5611		-price swings within it prior to a
5612		-
5613		-1404
5614		-01:09:55,860 ~-~-> 01:09:58,500
5615		-turning and going up new to the target
5616		-
5617		-1405
5618		-01:09:58,500 ~-~-> 01:10:01,650
5619		-to your hunting This high if it's
5620		-
5621		-1406
5622		-01:10:01,650 ~-~-> 01:10:04,650
5623		-broken, this is a fulcrum point on the
5624		-
5625		-1407
5626		-01:10:04,650 ~-~-> 01:10:07,110
5627		-bullish side. So as price rallies up,
5628		-
5629		-1408
5630		-01:10:07,320 ~-~-> 01:10:08,910
5631		-okay, we're going to talk about multiple
5632		-
5633		-1409
5634		-01:10:08,910 ~-~-> 01:10:10,530
5635		-targeting and all that stuff in another
5636		-
5637		-1410
5638		-01:10:10,530 ~-~-> 01:10:13,170
5639		-video. But in here as price breaks that
5640		-
5641		-1411
5642		-01:10:13,170 ~-~-> 01:10:16,290
5643		-point right here on this high, when it
5644		-
5645		-1412
5646		-01:10:16,290 ~-~-> 01:10:18,990
5647		-takes that out, we should see this move
5648		-
5649		-1413
5650		-01:10:18,990 ~-~-> 01:10:23,400
5651		-from this high to this low equal in
5652		-
5653		-1414
5654		-01:10:23,400 ~-~-> 01:10:27,120
5655		-terms of magnitude and distance and
5656		-
5657		-1415
5658		-01:10:27,480 ~-~-> 01:10:30,060
5659		-price, add that to this high and you'll
5660		-
5661		-1416
5662		-01:10:30,060 ~-~-> 01:10:31,980
5663		-see it equal. So onwards, if you took a
5664		-
5665		-1417
5666		-01:10:32,760 ~-~-> 01:10:35,400
5667		-line here and measured it with a ruler,
5668		-
5669		-1418
5670		-01:10:35,460 ~-~-> 01:10:39,060
5671		-such you should see basically the same
5672		-
5673		-1419
5674		-01:10:39,180 ~-~-> 01:10:42,420
5675		-distance from this high here to this low
5676		-
5677		-1420
5678		-01:10:42,870 ~-~-> 01:10:44,850
5679		-added to this high up and you get this
5680		-
5681		-1421
5682		-01:10:44,850 ~-~-> 01:10:47,610
5683		-area here. That's what that's the first
5684		-
5685		-1422
5686		-01:10:47,610 ~-~-> 01:10:49,740
5687		-fundamental premise to understanding how
5688		-
5689		-1423
5690		-01:10:49,740 ~-~-> 01:10:51,270
5691		-to take profits. Okay, and then we're
5692		-
5693		-1424
5694		-01:10:51,270 ~-~-> 01:10:53,700
5695		-looking at a bullish scenario here, but
5696		-
5697		-1425
5698		-01:10:54,690 ~-~-> 01:10:57,900
5699		-if you cannot understand this, okay,
5700		-
5701		-1426
5702		-01:10:58,380 ~-~-> 01:11:00,000
5703		-it's gonna be very difficult, difficult
5704		-
5705		-1427
5706		-01:11:00,000 ~-~-> 01:11:02,310
5707		-For you to understand where you should
5708		-
5709		-1428
5710		-01:11:02,310 ~-~-> 01:11:04,620
5711		-be taking profits, okay? Because if you
5712		-
5713		-1429
5714		-01:11:04,620 ~-~-> 01:11:08,640
5715		-understand this crude, overall concept
5716		-
5717		-1430
5718		-01:11:09,090 ~-~-> 01:11:12,450
5719		-of price swings, okay? You understand
5720		-
5721		-1431
5722		-01:11:12,450 ~-~-> 01:11:14,940
5723		-that targeting in systematically taking
5724		-
5725		-1432
5726		-01:11:14,940 ~-~-> 01:11:17,070
5727		-it at predetermined levels is gonna be
5728		-
5729		-1433
5730		-01:11:17,070 ~-~-> 01:11:19,230
5731		-very easy for you, if you cannot see
5732		-
5733		-1434
5734		-01:11:19,230 ~-~-> 01:11:22,260
5735		-that here, okay? It's gonna be a little
5736		-
5737		-1435
5738		-01:11:22,260 ~-~-> 01:11:23,670
5739		-bit easier to see when I have it on
5740		-
5741		-1436
5742		-01:11:23,670 ~-~-> 01:11:26,430
5743		-charts but it's it's Paramount you have
5744		-
5745		-1437
5746		-01:11:26,430 ~-~-> 01:11:28,260
5747		-to understand this because there is a
5748		-
5749		-1438
5750		-01:11:28,260 ~-~-> 01:11:31,980
5751		-50% rule in symmetrical price action.
5752		-
5753		-1439
5754		-01:11:32,640 ~-~-> 01:11:35,430
5755		-And it's basically measured moves this
5756		-
5757		-1440
5758		-01:11:35,460 ~-~-> 01:11:38,640
5759		-high to low. Once broken here, you'll
5760		-
5761		-1441
5762		-01:11:38,640 ~-~-> 01:11:41,820
5763		-get a motion move higher. Okay. So let's
5764		-
5765		-1442
5766		-01:11:41,820 ~-~-> 01:11:44,940
5767		-take another closer look as to what I'm
5768		-
5769		-1443
5770		-01:11:44,940 ~-~-> 01:11:52,740
5771		-referring to. Okay, when you have a
5772		-
5773		-1444
5774		-01:11:52,770 ~-~-> 01:11:55,200
5775		-retracement, you have a price rally
5776		-
5777		-1445
5778		-01:11:55,200 ~-~-> 01:11:57,630
5779		-here. So this is an impulse move up and
5780		-
5781		-1446
5782		-01:11:57,630 ~-~-> 01:12:00,000
5783		-you have a retracement into this range.
5784		-
5785		-1447
5786		-01:12:00,000 ~-~-> 01:12:03,390
5787		-From that low to high, this could be any
5788		-
5789		-1448
5790		-01:12:03,390 ~-~-> 01:12:04,740
5791		-number of things. This could be a higher
5792		-
5793		-1449
5794		-01:12:04,740 ~-~-> 01:12:08,520
5795		-level support line, it could be a pivot,
5796		-
5797		-1450
5798		-01:12:08,700 ~-~-> 01:12:12,000
5799		-or fib. Okay? It could be an order
5800		-
5801		-1451
5802		-01:12:12,000 ~-~-> 01:12:14,160
5803		-block. A lot of different things. Could
5804		-
5805		-1452
5806		-01:12:14,550 ~-~-> 01:12:16,350
5807		-you substantiate this as a support
5808		-
5809		-1453
5810		-01:12:16,350 ~-~-> 01:12:18,360
5811		-level. But the main thing is, is you
5812		-
5813		-1454
5814		-01:12:18,360 ~-~-> 01:12:21,330
5815		-want to be looking at. Obviously, when
5816		-
5817		-1455
5818		-01:12:21,330 ~-~-> 01:12:24,180
5819		-price moves beyond this level here, you
5820		-
5821		-1456
5822		-01:12:24,180 ~-~-> 01:12:27,420
5823		-want to see a equal move from this high
5824		-
5825		-1457
5826		-01:12:27,420 ~-~-> 01:12:31,650
5827		-to low added to this hice price point
5828		-
5829		-1458
5830		-01:12:31,890 ~-~-> 01:12:35,640
5831		-up. Okay. Again, that's the same premise
5832		-
5833		-1459
5834		-01:12:35,640 ~-~-> 01:12:37,260
5835		-we just talked about on the previous
5836		-
5837		-1460
5838		-01:12:37,260 ~-~-> 01:12:38,550
5839		-slide. But now we're gonna take it a
5840		-
5841		-1461
5842		-01:12:38,550 ~-~-> 01:12:41,370
5843		-little bit further when you understand
5844		-
5845		-1462
5846		-01:12:41,370 ~-~-> 01:12:44,400
5847		-how to use Fibonacci, okay, Fibonacci.
5848		-
5849		-1463
5850		-01:12:44,820 ~-~-> 01:12:46,440
5851		-To get retracements you would anchor the
5852		-
5853		-1464
5854		-01:12:46,440 ~-~-> 01:12:50,010
5855		-price point, low here to this high.
5856		-
5857		-1465
5858		-01:12:50,190 ~-~-> 01:12:51,390
5859		-Okay, so those are your two reference
5860		-
5861		-1466
5862		-01:12:51,390 ~-~-> 01:12:53,310
5863		-points for retracements. On an up move,
5864		-
5865		-1467
5866		-01:12:53,580 ~-~-> 01:12:55,260
5867		-you're going to pull your fib from a low
5868		-
5869		-1468
5870		-01:12:55,920 ~-~-> 01:12:57,540
5871		-to a high and what that'll do is it'll
5872		-
5873		-1469
5874		-01:12:57,540 ~-~-> 01:12:59,550
5875		-plot within the range of that low and
5876		-
5877		-1470
5878		-01:12:59,550 ~-~-> 01:13:02,010
5879		-high All of the retracement levels. So
5880		-
5881		-1471
5882		-01:13:02,010 ~-~-> 01:13:05,760
5883		-this may be a 50 this may be a 60 to 79
5884		-
5885		-1472
5886		-01:13:05,760 ~-~-> 01:13:07,230
5887		-such so something down here would be an
5888		-
5889		-1473
5890		-01:13:07,230 ~-~-> 01:13:11,220
5891		-optimal trade entry. Now, as price moves
5892		-
5893		-1474
5894		-01:13:11,250 ~-~-> 01:13:14,130
5895		-up once we take out this high, it does
5896		-
5897		-1475
5898		-01:13:14,130 ~-~-> 01:13:16,920
5899		-not, it does not
5900		-
5901		-1476
5902		-01:13:18,119 ~-~-> 01:13:19,049
5903		-guarantee
5904		-
5905		-1477
5906		-01:13:19,170 ~-~-> 01:13:23,580
5907		-that you'll get a 200% equal move from
5908		-
5909		-1478
5910		-01:13:23,580 ~-~-> 01:13:26,490
5911		-this high to this low. Once it's broken
5912		-
5913		-1479
5914		-01:13:26,490 ~-~-> 01:13:28,080
5915		-right here. There's no guarantee it's
5916		-
5917		-1480
5918		-01:13:28,080 ~-~-> 01:13:30,990
5919		-going to go 100% of whatever that range
5920		-
5921		-1481
5922		-01:13:30,990 ~-~-> 01:13:32,820
5923		-is, okay? It's not it's not it's no
5924		-
5925		-1482
5926		-01:13:32,820 ~-~-> 01:13:36,780
5927		-guarantee that okay? But there is a very
5928		-
5929		-1483
5930		-01:13:36,780 ~-~-> 01:13:39,630
5931		-large probability. If you calculate the
5932		-
5933		-1484
5934		-01:13:39,630 ~-~-> 01:13:43,830
5935		-range from this high to this low. Let's
5936		-
5937		-1485
5938		-01:13:43,830 ~-~-> 01:13:47,100
5939		-assume for a moment that that's 100
5940		-
5941		-1486
5942		-01:13:47,100 ~-~-> 01:13:52,020
5943		-pips, okay. 100 pips. If price breaks
5944		-
5945		-1487
5946		-01:13:52,020 ~-~-> 01:13:53,910
5947		-the high as it does here, in this
5948		-
5949		-1488
5950		-01:13:53,910 ~-~-> 01:13:55,920
5951		-example, it's a gun obviously, this is a
5952		-
5953		-1489
5954		-01:13:55,920 ~-~-> 01:13:58,470
5955		-hand drawn. illustration is not a price
5956		-
5957		-1490
5958		-01:13:58,470 ~-~-> 01:14:01,860
5959		-action chart, but Price blows out this
5960		-
5961		-1491
5962		-01:14:01,860 ~-~-> 01:14:05,250
5963		-high when it does that. If you take the
5964		-
5965		-1492
5966		-01:14:05,250 ~-~-> 01:14:07,590
5967		-range from here to here, again that
5968		-
5969		-1493
5970		-01:14:07,590 ~-~-> 01:14:12,270
5971		-being 100 pips assuming if you see from
5972		-
5973		-1494
5974		-01:14:12,270 ~-~-> 01:14:18,690
5975		-the low here 127 pips up price has a
5976		-
5977		-1495
5978		-01:14:18,690 ~-~-> 01:14:20,640
5979		-high probability of moving to that price
5980		-
5981		-1496
5982		-01:14:20,640 ~-~-> 01:14:25,710
5983		-point. Okay, if you go 162 pips from
5984		-
5985		-1497
5986		-01:14:25,710 ~-~-> 01:14:28,890
5987		-that low up here 162 pips, you have a
5988		-
5989		-1498
5990		-01:14:28,890 ~-~-> 01:14:30,210
5991		-high probability of seeing that price
5992		-
5993		-1499
5994		-01:14:30,210 ~-~-> 01:14:32,370
5995		-move as well. Now, where did I get those
5996		-
5997		-1500
5998		-01:14:32,370 ~-~-> 01:14:35,280
5999		-numbers from? Some of you guys
6000		-
6001		-1501
6002		-01:14:35,280 ~-~-> 01:14:36,540
6003		-understand Fibonacci, you're saying,
6004		-
6005		-1502
6006		-01:14:36,540 ~-~-> 01:14:37,920
6007		-well, that's pretty stupid, you know,
6008		-
6009		-1503
6010		-01:14:38,250 ~-~-> 01:14:40,680
6011		-obviously, it's there. 127 162
6012		-
6013		-1504
6014		-01:14:40,680 ~-~-> 01:14:42,450
6015		-extensions, right? But some of you
6016		-
6017		-1505
6018		-01:14:42,480 ~-~-> 01:14:44,550
6019		-aren't privy as to what I'm referring
6020		-
6021		-1506
6022		-01:14:44,550 ~-~-> 01:14:45,720
6023		-to. And we're going to learn that now.
6024		-
6025		-1507
6026		-01:14:46,500 ~-~-> 01:14:49,440
6027		-If you take your fib and reverse its
6028		-
6029		-1508
6030		-01:14:49,440 ~-~-> 01:14:51,750
6031		-application, okay, and I'm going to show
6032		-
6033		-1509
6034		-01:14:51,750 ~-~-> 01:14:53,280
6035		-you later on how to calibrate your mt
6036		-
6037		-1510
6038		-01:14:53,280 ~-~-> 01:14:56,310
6039		-for Fibonacci tool. But if you take the
6040		-
6041		-1511
6042		-01:14:56,310 ~-~-> 01:14:57,690
6043		-fib and you anchor it from the high
6044		-
6045		-1512
6046		-01:14:57,690 ~-~-> 01:14:59,970
6047		-here, and you draw it down to the low
6048		-
6049		-1513
6050		-01:15:00,330 ~-~-> 01:15:02,610
6051		-Here, what that's going to do is it's
6052		-
6053		-1514
6054		-01:15:02,610 ~-~-> 01:15:09,270
6055		-going to plot a 1.27 and a 1.62. Line,
6056		-
6057		-1515
6058		-01:15:09,840 ~-~-> 01:15:12,150
6059		-okay, and when price blows out this
6060		-
6061		-1516
6062		-01:15:12,150 ~-~-> 01:15:14,970
6063		-high, when it reaches those levels, they
6064		-
6065		-1517
6066		-01:15:14,970 ~-~-> 01:15:18,030
6067		-are very, very, very good levels to take
6068		-
6069		-1518
6070		-01:15:18,030 ~-~-> 01:15:20,400
6071		-profits at. They're easily determined,
6072		-
6073		-1519
6074		-01:15:20,580 ~-~-> 01:15:22,380
6075		-they're pre determined, there's no
6076		-
6077		-1520
6078		-01:15:22,380 ~-~-> 01:15:24,240
6079		-ambiguity about it, you'll know exactly
6080		-
6081		-1521
6082		-01:15:24,240 ~-~-> 01:15:25,920
6083		-what you're looking for price wise, and
6084		-
6085		-1522
6086		-01:15:25,920 ~-~-> 01:15:27,480
6087		-you can place your limit orders at those
6088		-
6089		-1523
6090		-01:15:27,480 ~-~-> 01:15:30,690
6091		-levels to get out at okay. But
6092		-
6093		-1524
6094		-01:15:30,690 ~-~-> 01:15:32,580
6095		-obviously, when we get to new live
6096		-
6097		-1525
6098		-01:15:32,580 ~-~-> 01:15:34,380
6099		-examples in the charts, you'll see much
6100		-
6101		-1526
6102		-01:15:34,380 ~-~-> 01:15:36,120
6103		-more clearly what I'm referring to.
6104		-
6105		-1527
6106		-01:15:42,840 ~-~-> 01:15:44,160
6107		-Okay, let's assume for a moment that
6108		-
6109		-1528
6110		-01:15:44,160 ~-~-> 01:15:46,290
6111		-we're looking at a price move it
6112		-
6113		-1529
6114		-01:15:46,290 ~-~-> 01:15:48,780
6115		-suggests this is going to go higher, and
6116		-
6117		-1530
6118		-01:15:48,810 ~-~-> 01:15:50,820
6119		-prices had an impulse move up and now
6120		-
6121		-1531
6122		-01:15:50,820 ~-~-> 01:15:52,380
6123		-we're retracing within that range, the
6124		-
6125		-1532
6126		-01:15:52,380 ~-~-> 01:15:54,390
6127		-range being this low. And this high,
6128		-
6129		-1533
6130		-01:15:54,540 ~-~-> 01:15:56,550
6131		-something now here constitutes a order
6132		-
6133		-1534
6134		-01:15:56,550 ~-~-> 01:15:58,350
6135		-block maybe or an optimal trade entry
6136		-
6137		-1535
6138		-01:15:58,350 ~-~-> 01:16:00,330
6139		-something to support an idea This is
6140		-
6141		-1536
6142		-01:16:00,330 ~-~-> 01:16:01,710
6143		-going to go higher or assuming it's
6144		-
6145		-1537
6146		-01:16:01,710 ~-~-> 01:16:03,870
6147		-going to go higher. What will happen is
6148		-
6149		-1538
6150		-01:16:03,870 ~-~-> 01:16:05,550
6151		-you'll see hopefully price moves in your
6152		-
6153		-1539
6154		-01:16:05,550 ~-~-> 01:16:08,550
6155		-favor. Okay. And by pulling your fear
6156		-
6157		-1540
6158		-01:16:08,550 ~-~-> 01:16:10,590
6159		-from this level here, to this level
6160		-
6161		-1541
6162		-01:16:10,590 ~-~-> 01:16:12,930
6163		-here, you can get your 127 and 162
6164		-
6165		-1542
6166		-01:16:12,930 ~-~-> 01:16:16,950
6167		-extensions and still anticipate if
6168		-
6169		-1543
6170		-01:16:16,950 ~-~-> 01:16:18,300
6171		-you're in a higher higher timeframe
6172		-
6173		-1544
6174		-01:16:18,300 ~-~-> 01:16:21,390
6175		-directional premise, you can anticipate
6176		-
6177		-1545
6178		-01:16:21,390 ~-~-> 01:16:25,020
6179		-a 200% price projection, okay, which is
6180		-
6181		-1546
6182		-01:16:25,050 ~-~-> 01:16:27,660
6183		-this high down to this low that range at
6184		-
6185		-1547
6186		-01:16:27,660 ~-~-> 01:16:29,310
6187		-that range to this high and you'll get
6188		-
6189		-1548
6190		-01:16:29,310 ~-~-> 01:16:31,800
6191		-that high up here. Okay, that's the
6192		-
6193		-1549
6194		-01:16:31,800 ~-~-> 01:16:33,570
6195		-ultimate price level that you're looking
6196		-
6197		-1550
6198		-01:16:33,570 ~-~-> 01:16:35,400
6199		-for. So that's the furthest it's going
6200		-
6201		-1551
6202		-01:16:35,400 ~-~-> 01:16:37,770
6203		-to go. Now will it go beyond that?
6204		-
6205		-1552
6206		-01:16:37,770 ~-~-> 01:16:40,110
6207		-Sometimes? Sure. Okay, many times it'll,
6208		-
6209		-1553
6210		-01:16:40,140 ~-~-> 01:16:42,900
6211		-it'll do that. But overall, if you look
6212		-
6213		-1554
6214		-01:16:42,900 ~-~-> 01:16:46,890
6215		-at 127 162 and 200, as your extensions,
6216		-
6217		-1555
6218		-01:16:47,280 ~-~-> 01:16:50,130
6219		-their ideal optimal exit points for your
6220		-
6221		-1556
6222		-01:16:50,130 ~-~-> 01:16:52,650
6223		-trades that are easily discernible, and
6224		-
6225		-1557
6226		-01:16:52,650 ~-~-> 01:16:54,420
6227		-there's no ambiguity whatsoever because
6228		-
6229		-1558
6230		-01:16:54,420 ~-~-> 01:16:58,200
6231		-this wave, lower is when it shoots
6232		-
6233		-1559
6234		-01:16:58,200 ~-~-> 01:17:00,480
6235		-higher. Okay, I probably shouldn't Wave
6236		-
6237		-1560
6238		-01:17:00,480 ~-~-> 01:17:01,860
6239		-because I don't want you guys thinking
6240		-
6241		-1561
6242		-01:17:01,860 ~-~-> 01:17:03,810
6243		-I'm Elliott Wave fan because I am not
6244		-
6245		-1562
6246		-01:17:03,990 ~-~-> 01:17:07,290
6247		-okay but this price swing rather when
6248		-
6249		-1563
6250		-01:17:07,290 ~-~-> 01:17:08,820
6251		-this price swing starts to complete move
6252		-
6253		-1564
6254		-01:17:08,820 ~-~-> 01:17:10,770
6255		-higher. We know that this market
6256		-
6257		-1565
6258		-01:17:10,770 ~-~-> 01:17:13,020
6259		-structure high once it's broken out we
6260		-
6261		-1566
6262		-01:17:13,020 ~-~-> 01:17:15,990
6263		-can have 127 162 and 200 extensions
6264		-
6265		-1567
6266		-01:17:16,170 ~-~-> 01:17:19,080
6267		-predetermine based on this range here
6268		-
6269		-1568
6270		-01:17:19,470 ~-~-> 01:17:21,390
6271		-with the premise that it's going higher
6272		-
6273		-1569
6274		-01:17:21,390 ~-~-> 01:17:24,720
6275		-off that retracement okay as price moves
6276		-
6277		-1570
6278		-01:17:24,750 ~-~-> 01:17:27,360
6279		-lower into a deeper retracement of this
6280		-
6281		-1571
6282		-01:17:27,360 ~-~-> 01:17:31,110
6283		-impulse move. So we have this again this
6284		-
6285		-1572
6286		-01:17:31,110 ~-~-> 01:17:33,690
6287		-retracement lower within this range
6288		-
6289		-1573
6290		-01:17:33,690 ~-~-> 01:17:37,680
6291		-here. Okay. It could go deeper. Yes.
6292		-
6293		-1574
6294		-01:17:37,860 ~-~-> 01:17:39,870
6295		-Okay, could retrace deeper, but we're
6296		-
6297		-1575
6298		-01:17:39,870 ~-~-> 01:17:41,340
6299		-just going to use this idea here as
6300		-
6301		-1576
6302		-01:17:41,340 ~-~-> 01:17:45,420
6303		-support resistance. And with this
6304		-
6305		-1577
6306		-01:17:45,660 ~-~-> 01:17:47,610
6307		-likelihood of this being support price
6308		-
6309		-1578
6310		-01:17:47,610 ~-~-> 01:17:51,600
6311		-could again, move higher. And if we do
6312		-
6313		-1579
6314		-01:17:51,690 ~-~-> 01:17:52,770
6315		-assume that this is a buying
6316		-
6317		-1580
6318		-01:17:52,770 ~-~-> 01:17:54,870
6319		-opportunity, okay, maybe there's an
6320		-
6321		-1581
6322		-01:17:54,870 ~-~-> 01:17:55,980
6323		-order block over here and there's a
6324		-
6325		-1582
6326		-01:17:55,980 ~-~-> 01:17:57,870
6327		-consolidation within this leg up.
6328		-
6329		-1583
6330		-01:17:58,530 ~-~-> 01:18:00,720
6331		-Something constitutes a boy opportunity
6332		-
6333		-1584
6334		-01:18:00,720 ~-~-> 01:18:04,020
6335		-in here. If we buy here, we have a pre
6336		-
6337		-1585
6338		-01:18:04,020 ~-~-> 01:18:06,990
6339		-determined old high here and in the
6340		-
6341		-1586
6342		-01:18:06,990 ~-~-> 01:18:10,200
6343		-range here, assume that's for the sake
6344		-
6345		-1587
6346		-01:18:10,200 ~-~-> 01:18:13,110
6347		-of argument again say it's 100 pips. We
6348		-
6349		-1588
6350		-01:18:13,110 ~-~-> 01:18:16,380
6351		-could take our anticipatory skills and
6352		-
6353		-1589
6354		-01:18:16,380 ~-~-> 01:18:18,450
6355		-expect to see price try to retest this
6356		-
6357		-1590
6358		-01:18:18,450 ~-~-> 01:18:21,780
6359		-high and if it blows through that we
6360		-
6361		-1591
6362		-01:18:21,780 ~-~-> 01:18:23,910
6363		-could reasonably expect to see the 127
6364		-
6365		-1592
6366		-01:18:24,390 ~-~-> 01:18:26,730
6367		-or 127 pips from this low once it starts
6368		-
6369		-1593
6370		-01:18:26,730 ~-~-> 01:18:29,610
6371		-to turn up, or the 162 extension, which
6372		-
6373		-1594
6374		-01:18:29,610 ~-~-> 01:18:32,250
6375		-is 162 pips from that low. Okay, in this
6376		-
6377		-1595
6378		-01:18:32,250 ~-~-> 01:18:33,990
6379		-example, again, assuming that this is
6380		-
6381		-1596
6382		-01:18:33,990 ~-~-> 01:18:37,980
6383		-100 PIP retracement, obviously your
6384		-
6385		-1597
6386		-01:18:37,980 ~-~-> 01:18:39,960
6387		-Fibonacci tool will give you all the
6388		-
6389		-1598
6390		-01:18:39,960 ~-~-> 01:18:41,430
6391		-calculations, so I'm just giving it
6392		-
6393		-1599
6394		-01:18:41,430 ~-~-> 01:18:43,290
6395		-without the benefit of having a
6396		-
6397		-1600
6398		-01:18:43,290 ~-~-> 01:18:45,900
6399		-Fibonacci application on this diagram.
6400		-
6401		-1601
6402		-01:18:47,100 ~-~-> 01:18:49,620
6403		-So you'd be able to see when price takes
6404		-
6405		-1602
6406		-01:18:49,620 ~-~-> 01:18:52,830
6407		-this high out 127 and 162 extensions
6408		-
6409		-1603
6410		-01:18:52,830 ~-~-> 01:18:54,150
6411		-respectively would be your upside
6412		-
6413		-1604
6414		-01:18:54,150 ~-~-> 01:18:56,010
6415		-objectives. Okay, so they're, they're
6416		-
6417		-1605
6418		-01:18:56,010 ~-~-> 01:18:58,590
6419		-pre determined levels to accident. Okay.
6420		-
6421		-1606
6422		-01:18:58,920 ~-~-> 01:19:01,920
6423		-So Every time you trade within a price
6424		-
6425		-1607
6426		-01:19:01,920 ~-~-> 01:19:05,970
6427		-swing, you could derive it in advance
6428		-
6429		-1608
6430		-01:19:05,970 ~-~-> 01:19:07,290
6431		-where your exit points are going to be
6432		-
6433		-1609
6434		-01:19:07,650 ~-~-> 01:19:10,170
6435		-new them beforehand. So you can use a
6436		-
6437		-1610
6438		-01:19:10,170 ~-~-> 01:19:12,000
6439		-limit order. And you can really pretty
6440		-
6441		-1611
6442		-01:19:12,000 ~-~-> 01:19:14,670
6443		-much go to sleep. Okay, you can go to
6444		-
6445		-1612
6446		-01:19:14,670 ~-~-> 01:19:16,620
6447		-work if you have your job. If it's the
6448		-
6449		-1613
6450		-01:19:16,620 ~-~-> 01:19:18,090
6451		-long session, if you can get yourself up
6452		-
6453		-1614
6454		-01:19:18,120 ~-~-> 01:19:19,440
6455		-out of the bed for a little while, set
6456		-
6457		-1615
6458		-01:19:19,440 ~-~-> 01:19:21,210
6459		-the orders up. Once you get into a
6460		-
6461		-1616
6462		-01:19:21,210 ~-~-> 01:19:23,580
6463		-trade, you know, you first for instance,
6464		-
6465		-1617
6466		-01:19:23,580 ~-~-> 01:19:25,920
6467		-assume that this is London open and
6468		-
6469		-1618
6470		-01:19:25,920 ~-~-> 01:19:27,840
6471		-you're trying to be long. Okay, you can
6472		-
6473		-1619
6474		-01:19:27,840 ~-~-> 01:19:29,370
6475		-put your limit orders here and can go to
6476		-
6477		-1620
6478		-01:19:29,370 ~-~-> 01:19:31,920
6479		-bed and hopefully sometime in London
6480		-
6481		-1621
6482		-01:19:31,920 ~-~-> 01:19:34,230
6483		-close or in New York session, we could
6484		-
6485		-1622
6486		-01:19:34,230 ~-~-> 01:19:36,600
6487		-see those objectives fulfilled. Okay,
6488		-
6489		-1623
6490		-01:19:36,630 ~-~-> 01:19:38,190
6491		-and that's just one application or
6492		-
6493		-1624
6494		-01:19:38,760 ~-~-> 01:19:40,530
6495		-anticipatory example.
6496		-
6497		-1625
6498		-01:19:47,100 ~-~-> 01:19:48,630
6499		-Okay, obviously the same thing could be
6500		-
6501		-1626
6502		-01:19:48,630 ~-~-> 01:19:51,420
6503		-said on the downside understanding if
6504		-
6505		-1627
6506		-01:19:51,780 ~-~-> 01:19:53,070
6507		-there's something up here that
6508		-
6509		-1628
6510		-01:19:53,100 ~-~-> 01:19:55,020
6511		-constitutes a selling opportunity,
6512		-
6513		-1629
6514		-01:19:55,050 ~-~-> 01:19:57,090
6515		-something bearish, okay, and we're not
6516		-
6517		-1630
6518		-01:19:57,090 ~-~-> 01:19:58,560
6519		-going to build a context as to what that
6520		-
6521		-1631
6522		-01:19:58,560 ~-~-> 01:20:01,050
6523		-would be. We'll have all kinds of
6524		-
6525		-1632
6526		-01:20:01,080 ~-~-> 01:20:02,670
6527		-opportunities to understand what that is
6528		-
6529		-1633
6530		-01:20:02,670 ~-~-> 01:20:04,830
6531		-in this series. So assuming that is the
6532		-
6533		-1634
6534		-01:20:04,830 ~-~-> 01:20:07,770
6535		-case, when you're when your market
6536		-
6537		-1635
6538		-01:20:08,550 ~-~-> 01:20:12,030
6539		-breaks lower, okay, what in this price
6540		-
6541		-1636
6542		-01:20:12,030 ~-~-> 01:20:17,100
6543		-swing is your point of reference? Okay,
6544		-
6545		-1637
6546		-01:20:17,340 ~-~-> 01:20:19,020
6547		-if you're bearish the overall price
6548		-
6549		-1638
6550		-01:20:19,020 ~-~-> 01:20:20,430
6551		-structures you should be looking for
6552		-
6553		-1639
6554		-01:20:20,430 ~-~-> 01:20:22,950
6555		-obviously these individual price swings,
6556		-
6557		-1640
6558		-01:20:22,950 ~-~-> 01:20:25,020
6559		-yes. Okay. So in other words, this swing
6560		-
6561		-1641
6562		-01:20:25,020 ~-~-> 01:20:28,110
6563		-here, trade it up, whatever this range
6564		-
6565		-1642
6566		-01:20:28,380 ~-~-> 01:20:29,940
6567		-from here to here is it's the
6568		-
6569		-1643
6570		-01:20:29,940 ~-~-> 01:20:31,830
6571		-retracement into. So that could be a
6572		-
6573		-1644
6574		-01:20:31,830 ~-~-> 01:20:33,750
6575		-selling opportunity here. But if you
6576		-
6577		-1645
6578		-01:20:33,750 ~-~-> 01:20:35,700
6579		-take the range between this high to this
6580		-
6581		-1646
6582		-01:20:35,700 ~-~-> 01:20:43,800
6583		-low 127% on sorry, 1.27 in the Fibonacci
6584		-
6585		-1647
6586		-01:20:43,800 ~-~-> 01:20:46,200
6587		-bar 127% of that if you multiplied it,
6588		-
6589		-1648
6590		-01:20:46,830 ~-~-> 01:20:48,690
6591		-that would give you a lower objective
6592		-
6593		-1649
6594		-01:20:48,690 ~-~-> 01:20:52,950
6595		-here. And 162% of that range would give
6596		-
6597		-1650
6598		-01:20:52,950 ~-~-> 01:20:55,590
6599		-you the 162 extension down here as well.
6600		-
6601		-1651
6602		-01:20:56,160 ~-~-> 01:21:01,290
6603		-Same thing here we have this hi In this
6604		-
6605		-1652
6606		-01:21:01,290 ~-~-> 01:21:04,710
6607		-low that range of pips once this low is
6608		-
6609		-1653
6610		-01:21:04,710 ~-~-> 01:21:07,320
6611		-violated as it is here in this example,
6612		-
6613		-1654
6614		-01:21:07,860 ~-~-> 01:21:10,050
6615		-we could look at the range from this low
6616		-
6617		-1655
6618		-01:21:10,620 ~-~-> 01:21:14,700
6619		-to this high Okay, we could see the 127
6620		-
6621		-1656
6622		-01:21:14,700 ~-~-> 01:21:18,510
6623		-extension and 162 extension as downside
6624		-
6625		-1657
6626		-01:21:18,510 ~-~-> 01:21:22,890
6627		-objectives, okay. I should have said
6628		-
6629		-1658
6630		-01:21:22,890 ~-~-> 01:21:25,440
6631		-this in the previous mentioning, but the
6632		-
6633		-1659
6634		-01:21:25,440 ~-~-> 01:21:28,740
6635		-intermediate term swing between the
6636		-
6637		-1660
6638		-01:21:28,740 ~-~-> 01:21:30,720
6639		-smaller swings, okay think back in
6640		-
6641		-1661
6642		-01:21:30,720 ~-~-> 01:21:32,970
6643		-market structure now, this would be the
6644		-
6645		-1662
6646		-01:21:33,240 ~-~-> 01:21:36,690
6647		-higher level, price swing, okay. or
6648		-
6649		-1663
6650		-01:21:36,690 ~-~-> 01:21:38,940
6651		-major reference point, the intermediate
6652		-
6653		-1664
6654		-01:21:38,940 ~-~-> 01:21:40,740
6655		-term reference points many times if you
6656		-
6657		-1665
6658		-01:21:40,740 ~-~-> 01:21:44,430
6659		-see price, take this leg here. If you
6660		-
6661		-1666
6662		-01:21:44,520 ~-~-> 01:21:47,400
6663		-project your your Fibonacci based on
6664		-
6665		-1667
6666		-01:21:47,400 ~-~-> 01:21:50,970
6667		-that, that range, you'll get the 127
6668		-
6669		-1668
6670		-01:21:50,970 ~-~-> 01:21:54,090
6671		-here and in 162 many times you'll get a
6672		-
6673		-1669
6674		-01:21:54,210 ~-~-> 01:21:56,550
6675		-intermediate term, deeper retracement
6676		-
6677		-1670
6678		-01:21:57,600 ~-~-> 01:21:58,950
6679		-from the high that forms back here
6680		-
6681		-1671
6682		-01:21:58,950 ~-~-> 01:22:00,900
6683		-that's originally a sell off You'll get
6684		-
6685		-1672
6686		-01:22:00,900 ~-~-> 01:22:03,360
6687		-a retracement into that range and then
6688		-
6689		-1673
6690		-01:22:03,360 ~-~-> 01:22:04,740
6691		-you'll see the fulfillment of this
6692		-
6693		-1674
6694		-01:22:04,740 ~-~-> 01:22:08,910
6695		-swings targeting which is 127 162 which
6696		-
6697		-1675
6698		-01:22:08,910 ~-~-> 01:22:10,470
6699		-hopefully would arrive down here
6700		-
6701		-1676
6702		-01:22:10,830 ~-~-> 01:22:14,760
6703		-conceptually speaking. But everything
6704		-
6705		-1677
6706		-01:22:14,760 ~-~-> 01:22:16,200
6707		-that I said and when the bullish side
6708		-
6709		-1678
6710		-01:22:16,200 ~-~-> 01:22:18,660
6711		-obviously if you flip it, you can get
6712		-
6713		-1679
6714		-01:22:18,660 ~-~-> 01:22:21,090
6715		-the converse idea for the bearish.
6716		-
6717		-1680
6718		-01:22:26,850 ~-~-> 01:22:28,620
6719		-Okay, and again, much in the same
6720		-
6721		-1681
6722		-01:22:28,620 ~-~-> 01:22:31,260
6723		-capacity, what we mentioned earlier,
6724		-
6725		-1682
6726		-01:22:32,550 ~-~-> 01:22:36,060
6727		-everything that you see on price swings.
6728		-
6729		-1683
6730		-01:22:36,600 ~-~-> 01:22:38,850
6731		-If this is a move lower, you're looking
6732		-
6733		-1684
6734		-01:22:38,850 ~-~-> 01:22:41,010
6735		-for a selling opportunity here. This
6736		-
6737		-1685
6738		-01:22:41,010 ~-~-> 01:22:44,700
6739		-range, if you pull your fib from the low
6740		-
6741		-1686
6742		-01:22:44,820 ~-~-> 01:22:47,430
6743		-to this high, it'll project on your when
6744		-
6745		-1687
6746		-01:22:47,430 ~-~-> 01:22:49,440
6747		-you Fibonacci, the 127 and 162
6748		-
6749		-1688
6750		-01:22:49,440 ~-~-> 01:22:52,740
6751		-extensions down in that area is where
6752		-
6753		-1689
6754		-01:22:52,740 ~-~-> 01:22:55,230
6755		-you'd be looking to hunt them about 75
6756		-
6757		-1690
6758		-01:22:55,260 ~-~-> 01:22:58,860
6759		-to 80% of your exit points. If you feel
6760		-
6761		-1691
6762		-01:22:58,860 ~-~-> 01:23:01,710
6763		-absolutely certain Okay, that you,
6764		-
6765		-1692
6766		-01:23:01,740 ~-~-> 01:23:04,590
6767		-you're going to see a 200% extension now
6768		-
6769		-1693
6770		-01:23:04,590 ~-~-> 01:23:08,100
6771		-words, whatever this ranges from high to
6772		-
6773		-1694
6774		-01:23:08,100 ~-~-> 01:23:10,350
6775		-low. If you're looking for a downswing
6776		-
6777		-1695
6778		-01:23:10,830 ~-~-> 01:23:12,900
6779		-when this low is taken out, whatever
6780		-
6781		-1696
6782		-01:23:12,900 ~-~-> 01:23:16,200
6783		-that range is, it's duplicated. And
6784		-
6785		-1697
6786		-01:23:16,680 ~-~-> 01:23:18,210
6787		-you'll see that same magnitude wave
6788		-
6789		-1698
6790		-01:23:18,210 ~-~-> 01:23:21,840
6791		-lower or swing low rather, which is
6792		-
6793		-1699
6794		-01:23:21,840 ~-~-> 01:23:24,240
6795		-basically taking this low to this high.
6796		-
6797		-1700
6798		-01:23:24,330 ~-~-> 01:23:27,390
6799		-And if you had it in your Fibonacci, it
6800		-
6801		-1701
6802		-01:23:27,390 ~-~-> 01:23:29,490
6803		-would be a 200% extension, but I'm
6804		-
6805		-1702
6806		-01:23:29,490 ~-~-> 01:23:33,240
6807		-trying to avoid conditioning you to
6808		-
6809		-1703
6810		-01:23:33,240 ~-~-> 01:23:35,070
6811		-expect it all the time. Okay, I'm
6812		-
6813		-1704
6814		-01:23:35,070 ~-~-> 01:23:36,780
6815		-conditioning you really to expect to
6816		-
6817		-1705
6818		-01:23:37,170 ~-~-> 01:23:39,810
6819		-127 162 extensions because they are
6820		-
6821		-1706
6822		-01:23:40,200 ~-~-> 01:23:42,630
6823		-very, very consistent and you pretty
6824		-
6825		-1707
6826		-01:23:42,630 ~-~-> 01:23:45,690
6827		-much you know, going to be rewarded more
6828		-
6829		-1708
6830		-01:23:45,690 ~-~-> 01:23:47,610
6831		-consistently with that, then you will
6832		-
6833		-1709
6834		-01:23:47,610 ~-~-> 01:23:48,540
6835		-get to 200%.
6836		-
6837		-1710
6838		-01:23:54,150 ~-~-> 01:23:56,040
6839		-Again, same thing, we have a premise
6840		-
6841		-1711
6842		-01:23:56,040 ~-~-> 01:23:58,770
6843		-that this is a bear market movie of a
6844		-
6845		-1712
6846		-01:23:59,640 ~-~-> 01:24:01,800
6847		-bear impulse move lower. We have a
6848		-
6849		-1713
6850		-01:24:01,800 ~-~-> 01:24:04,410
6851		-retracement within that move something
6852		-
6853		-1714
6854		-01:24:04,410 ~-~-> 01:24:06,870
6855		-is implying a selling situations on
6856		-
6857		-1715
6858		-01:24:06,870 ~-~-> 01:24:09,720
6859		-their way. The range from this low to
6860		-
6861		-1716
6862		-01:24:09,720 ~-~-> 01:24:12,120
6863		-this high is used with your Fibonacci.
6864		-
6865		-1717
6866		-01:24:12,120 ~-~-> 01:24:14,130
6867		-So you use the fib from the low up to
6868		-
6869		-1718
6870		-01:24:14,130 ~-~-> 01:24:16,260
6871		-this high. And it's going to project
6872		-
6873		-1719
6874		-01:24:16,320 ~-~-> 01:24:19,590
6875		-your Fibonacci extension 127 and 162.
6876		-
6877		-1720
6878		-01:24:20,550 ~-~-> 01:24:23,520
6879		-Yeah 162 and once it gets to those
6880		-
6881		-1721
6882		-01:24:23,520 ~-~-> 01:24:24,570
6883		-levels, many times you'll see a
6884		-
6885		-1722
6886		-01:24:24,570 ~-~-> 01:24:28,770
6887		-retracement unfold. And the impulse move
6888		-
6889		-1723
6890		-01:24:28,770 ~-~-> 01:24:30,870
6891		-lower here has a retracement assuming
6892		-
6893		-1724
6894		-01:24:30,870 ~-~-> 01:24:32,610
6895		-that this low is significant and market
6896		-
6897		-1725
6898		-01:24:32,610 ~-~-> 01:24:35,190
6899		-structure. Something could be in line
6900		-
6901		-1726
6902		-01:24:35,220 ~-~-> 01:24:36,690
6903		-with the you know the order block here
6904		-
6905		-1727
6906		-01:24:36,690 ~-~-> 01:24:38,460
6907		-within this range. Again, these are not
6908		-
6909		-1728
6910		-01:24:38,460 ~-~-> 01:24:40,980
6911		-just straight market moves. There's all
6912		-
6913		-1729
6914		-01:24:40,980 ~-~-> 01:24:43,800
6915		-smaller price swings within this leg in
6916		-
6917		-1730
6918		-01:24:43,800 ~-~-> 01:24:45,840
6919		-price. So you have to reference those as
6920		-
6921		-1731
6922		-01:24:45,840 ~-~-> 01:24:47,430
6923		-well like we did in previous market.
6924		-
6925		-1732
6926		-01:24:49,740 ~-~-> 01:24:54,840
6927		-videos in this series. When this range
6928		-
6929		-1733
6930		-01:24:54,840 ~-~-> 01:24:57,930
6931		-here is calculate again pulling a fib
6932		-
6933		-1734
6934		-01:24:57,930 ~-~-> 01:25:00,180
6935		-from the low up to the high okay. It's
6936		-
6937		-1735
6938		-01:25:00,180 ~-~-> 01:25:02,580
6939		-gonna give you 127 and 162 extensions,
6940		-
6941		-1736
6942		-01:25:02,700 ~-~-> 01:25:04,530
6943		-okay when you Fibonacci tool and that is
6944		-
6945		-1737
6946		-01:25:04,530 ~-~-> 01:25:06,270
6947		-where you would have your pre determined
6948		-
6949		-1738
6950		-01:25:06,300 ~-~-> 01:25:07,740
6951		-exit points. Okay?
6952		-
6953		-1739
6954		-01:29:51,450 ~-~-> 01:29:53,430
6955		-Okay folks, we're gonna give a couple
6956		-
6957		-1740
6958		-01:29:53,430 ~-~-> 01:29:56,520
6959		-examples real quick with the Fibonacci
6960		-
6961		-1741
6962		-01:29:57,030 ~-~-> 01:30:01,560
6963		-127 and 162 extensions We're looking at
6964		-
6965		-1742
6966		-01:30:01,560 ~-~-> 01:30:03,570
6967		-the fiber here. We mentioned this
6968		-
6969		-1743
6970		-01:30:03,570 ~-~-> 01:30:05,610
6971		-earlier in this video where the order
6972		-
6973		-1744
6974		-01:30:05,610 ~-~-> 01:30:09,930
6975		-blocks were. And just for a simple,
6976		-
6977		-1745
6978		-01:30:10,200 ~-~-> 01:30:12,780
6979		-quick review, again, this is assuming
6980		-
6981		-1746
6982		-01:30:12,780 ~-~-> 01:30:16,230
6983		-that you understand this premise. We
6984		-
6985		-1747
6986		-01:30:16,230 ~-~-> 01:30:18,540
6987		-have this rally up comes right back down
6988		-
6989		-1748
6990		-01:30:18,540 ~-~-> 01:30:19,950
6991		-to this order block right here.
6992		-
6993		-1749
6994		-01:30:21,060 ~-~-> 01:30:21,660
6995		-And
6996		-
6997		-1750
6998		-01:30:24,360 ~-~-> 01:30:26,760
6999		-again, framing the idea that this is
7000		-
7001		-1751
7002		-01:30:27,450 ~-~-> 01:30:30,360
7003		-bullish. So therefore, when price
7004		-
7005		-1752
7006		-01:30:30,360 ~-~-> 01:30:32,640
7007		-returns back into this area, we could
7008		-
7009		-1753
7010		-01:30:32,640 ~-~-> 01:30:37,710
7011		-reasonably expect to see a rally up. And
7012		-
7013		-1754
7014		-01:30:38,040 ~-~-> 01:30:39,060
7015		-this is where we
7016		-
7017		-1755
7018		-01:30:44,400 ~-~-> 01:30:45,960
7019		-see our entry point right in here and
7020		-
7021		-1756
7022		-01:30:45,960 ~-~-> 01:30:47,700
7023		-saw the optimal trade entry between 62
7024		-
7025		-1757
7026		-01:30:47,730 ~-~-> 01:30:50,820
7027		-and 79. penetration both and as price
7028		-
7029		-1758
7030		-01:30:50,820 ~-~-> 01:30:55,080
7031		-rallies up. Okay, before we even see it
7032		-
7033		-1759
7034		-01:30:55,080 ~-~-> 01:30:58,050
7035		-go beyond this point here. What you're
7036		-
7037		-1760
7038		-01:30:58,080 ~-~-> 01:31:02,100
7039		-doing is you're looking for You're
7040		-
7041		-1761
7042		-01:31:02,100 ~-~-> 01:31:05,040
7043		-upside objectives. Okay? And because
7044		-
7045		-1762
7046		-01:31:05,040 ~-~-> 01:31:06,630
7047		-we're looking for upside objectives, you
7048		-
7049		-1763
7050		-01:31:06,630 ~-~-> 01:31:09,570
7051		-start with the high and you pull your
7052		-
7053		-1764
7054		-01:31:09,570 ~-~-> 01:31:13,950
7055		-fib down to the lowest low here, okay?
7056		-
7057		-1765
7058		-01:31:14,550 ~-~-> 01:31:17,610
7059		-And here's your 127 and your 162
7060		-
7061		-1766
7062		-01:31:17,610 ~-~-> 01:31:18,210
7063		-extension,
7064		-
7065		-1767
7066		-01:31:18,450 ~-~-> 01:31:18,870
7067		-okay?
7068		-
7069		-1768
7070		-01:31:20,070 ~-~-> 01:31:22,920
7071		-And you can see that happened to be
7072		-
7073		-1769
7074		-01:31:22,920 ~-~-> 01:31:28,170
7075		-fulfilled. You get your 127 here
7076		-
7077		-1770
7078		-01:31:31,440 ~-~-> 01:31:32,130
7079		-and
7080		-
7081		-1771
7082		-01:31:34,260 ~-~-> 01:31:38,820
7083		-not too much longer after that. You get
7084		-
7085		-1772
7086		-01:31:38,820 ~-~-> 01:31:39,720
7087		-your 127
7088		-
7089		-1773
7090		-01:31:42,810 ~-~-> 01:31:43,320
7091		-right there.
7092		-
7093		-1774
7094		-01:31:44,700 ~-~-> 01:31:50,910
7095		-Okay. And we have another order block
7096		-
7097		-1775
7098		-01:31:50,910 ~-~-> 01:31:53,850
7099		-here as price rallies up. You want to go
7100		-
7101		-1776
7102		-01:31:56,940 ~-~-> 01:32:00,870
7103		-borrow this level here. Okay price
7104		-
7105		-1777
7106		-01:32:00,870 ~-~-> 01:32:02,700
7107		-rallies up comes back down into the
7108		-
7109		-1778
7110		-01:32:02,700 ~-~-> 01:32:06,810
7111		-order block. Using the range, here's the
7112		-
7113		-1779
7114		-01:32:06,810 ~-~-> 01:32:13,140
7115		-low to the high. Your entry point is in
7116		-
7117		-1780
7118		-01:32:13,140 ~-~-> 01:32:17,790
7119		-here. Okay. And again looking for upside
7120		-
7121		-1781
7122		-01:32:17,790 ~-~-> 01:32:21,720
7123		-objectives. You would reverse your fib
7124		-
7125		-1782
7126		-01:32:21,720 ~-~-> 01:32:26,430
7127		-from the high down to the low. Here's
7128		-
7129		-1783
7130		-01:32:26,430 ~-~-> 01:32:34,530
7131		-your 127 extension and your 162 up here.
7132		-
7133		-1784
7134		-01:32:39,180 ~-~-> 01:32:40,110
7135		-You see it hits it
7136		-
7137		-1785
7138		-01:32:41,520 ~-~-> 01:32:42,150
7139		-right there.
7140		-
7141		-1786
7142		-01:32:43,560 ~-~-> 01:32:45,120
7143		-Okay, we have another order block.
7144		-
7145		-1787
7146		-01:32:56,010 ~-~-> 01:32:59,700
7147		-Here, price rallies from this low to
7148		-
7149		-1788
7150		-01:32:59,700 ~-~-> 01:33:01,200
7151		-this high We're not going to draw the
7152		-
7153		-1789
7154		-01:33:01,200 ~-~-> 01:33:03,510
7155		-fib in here optimal trade entry.
7156		-
7157		-1790
7158		-01:33:05,790 ~-~-> 01:33:06,510
7159		-The high
7160		-
7161		-1791
7162		-01:33:07,859 ~-~-> 01:33:11,969
7163		-down to the low. Okay, here's your 127
7164		-
7165		-1792
7166		-01:33:11,969 ~-~-> 01:33:16,529
7167		-hits it handsomely. And there's your 162
7168		-
7169		-1793
7170		-01:33:16,529 ~-~-> 01:33:20,339
7171		-extension right there. Okay. So you have
7172		-
7173		-1794
7174		-01:33:20,909 ~-~-> 01:33:24,719
7175		-multiple examples on a pair that we have
7176		-
7177		-1795
7178		-01:33:24,719 ~-~-> 01:33:28,289
7179		-been utilizing for this series, but
7180		-
7181		-1796
7182		-01:33:28,289 ~-~-> 01:33:30,569
7183		-obviously it's applicable to any pair.
7184		-
7185		-1797
7186		-01:33:30,839 ~-~-> 01:33:35,399
7187		-Okay? And it wouldn't be fair unless we
7188		-
7189		-1798
7190		-01:33:35,399 ~-~-> 01:33:36,959
7191		-did some downside objectives but don't
7192		-
7193		-1799
7194		-01:33:36,959 ~-~-> 01:33:38,099
7195		-have to go to a different pair to do
7196		-
7197		-1800
7198		-01:33:38,099 ~-~-> 01:33:39,629
7199		-that. So let's take a look at the
7200		-
7201		-1801
7202		-01:33:39,989 ~-~-> 01:33:43,259
7203		-downside objectives utilizing the 127
7204		-
7205		-1802
7206		-01:33:43,259 ~-~-> 01:33:47,009
7207		-and one two to two extensions. Okay,
7208		-
7209		-1803
7210		-01:33:47,009 ~-~-> 01:33:49,379
7211		-we're looking at the Japanese yen dollar
7212		-
7213		-1804
7214		-01:33:49,379 ~-~-> 01:33:52,829
7215		-versus the Japanese yen rather. Okay, we
7216		-
7217		-1805
7218		-01:33:52,829 ~-~-> 01:33:56,309
7219		-have a high price trades down retraces
7220		-
7221		-1806
7222		-01:33:56,819 ~-~-> 01:33:59,669
7223		-and moves lower as we anticipate a
7224		-
7225		-1807
7226		-01:33:59,669 ~-~-> 01:34:01,439
7227		-selling opportunity and we're going to
7228		-
7229		-1808
7230		-01:34:01,439 ~-~-> 01:34:03,869
7231		-say for sake of argument that we
7232		-
7233		-1809
7234		-01:34:03,869 ~-~-> 01:34:06,269
7235		-suspected that price would be a sign
7236		-
7237		-1810
7238		-01:34:06,269 ~-~-> 01:34:10,409
7239		-opportunity in here. Okay. way we get
7240		-
7241		-1811
7242		-01:34:10,409 ~-~-> 01:34:13,139
7243		-our downside objectives is define the
7244		-
7245		-1812
7246		-01:34:13,829 ~-~-> 01:34:19,859
7247		-low up in the impulse move. Here are
7248		-
7249		-1813
7250		-01:34:19,859 ~-~-> 01:34:22,169
7251		-retracement rather from this range here.
7252		-
7253		-1814
7254		-01:34:22,199 ~-~-> 01:34:23,999
7255		-This is a retracement into the impulse
7256		-
7257		-1815
7258		-01:34:23,999 ~-~-> 01:34:28,409
7259		-move, retrace. And then here's your 127
7260		-
7261		-1816
7262		-01:34:28,709 ~-~-> 01:34:30,839
7263		-which it gaps through. Then here's your
7264		-
7265		-1817
7266		-01:34:30,839 ~-~-> 01:34:33,689
7267		-162 extension. It trades just a little
7268		-
7269		-1818
7270		-01:34:33,689 ~-~-> 01:34:35,459
7271		-bit beyond that before it bounces again.
7272		-
7273		-1819
7274		-01:34:35,909 ~-~-> 01:34:38,999
7275		-Again, we are not advocating trying to
7276		-
7277		-1820
7278		-01:34:38,999 ~-~-> 01:34:43,049
7279		-trade outside of 162 and 127. use those
7280		-
7281		-1821
7282		-01:34:43,049 ~-~-> 01:34:47,699
7283		-as your guidelines. We have a price move
7284		-
7285		-1822
7286		-01:34:47,699 ~-~-> 01:34:50,339
7287		-lower or impulse move lower and we have
7288		-
7289		-1823
7290		-01:34:50,339 ~-~-> 01:34:53,159
7291		-a retracement. Okay. Again, same thing
7292		-
7293		-1824
7294		-01:34:53,159 ~-~-> 01:34:56,699
7295		-here. assuming this is the range high to
7296		-
7297		-1825
7298		-01:34:56,699 ~-~-> 01:34:58,799
7299		-low optimal trade entry in here you
7300		-
7301		-1826
7302		-01:34:58,799 ~-~-> 01:35:01,949
7303		-could be a seller here Where would our
7304		-
7305		-1827
7306		-01:35:01,949 ~-~-> 01:35:03,959
7307		-objectives be? Well, here's that fulcrum
7308		-
7309		-1828
7310		-01:35:03,959 ~-~-> 01:35:06,539
7311		-point. Okay? Remember, this is the pivot
7312		-
7313		-1829
7314		-01:35:06,539 ~-~-> 01:35:08,189
7315		-point when it breaks below that we
7316		-
7317		-1830
7318		-01:35:08,189 ~-~-> 01:35:12,749
7319		-should see this move, move lower, okay,
7320		-
7321		-1831
7322		-01:35:12,779 ~-~-> 01:35:15,029
7323		-the highest level would be 200%
7324		-
7325		-1832
7326		-01:35:15,029 ~-~-> 01:35:17,579
7327		-extension or double the range from this
7328		-
7329		-1833
7330		-01:35:17,579 ~-~-> 01:35:20,579
7331		-low to this high broken from this low
7332		-
7333		-1834
7334		-01:35:20,579 ~-~-> 01:35:26,009
7335		-here, down, okay? But sticking to the
7336		-
7337		-1835
7338		-01:35:26,009 ~-~-> 01:35:28,199
7339		-rules, okay, you're going to be
7340		-
7341		-1836
7342		-01:35:28,229 ~-~-> 01:35:32,969
7343		-utilizing this swing up, and you're
7344		-
7345		-1837
7346		-01:35:32,969 ~-~-> 01:35:35,069
7347		-gonna be looking for the 127 and 162
7348		-
7349		-1838
7350		-01:35:35,489 ~-~-> 01:35:37,979
7351		-extensions as your objectives lower. So
7352		-
7353		-1839
7354		-01:35:37,979 ~-~-> 01:35:39,869
7355		-if you're a seller here, you'd love to
7356		-
7357		-1840
7358		-01:35:39,869 ~-~-> 01:35:44,069
7359		-take profits at 127 down here, and then
7360		-
7361		-1841
7362		-01:35:44,069 ~-~-> 01:35:47,849
7363		-162 down here and scroll over here a
7364		-
7365		-1842
7366		-01:35:47,849 ~-~-> 01:35:50,309
7367		-little bit more. You can see this is
7368		-
7369		-1843
7370		-01:35:50,309 ~-~-> 01:35:52,439
7371		-where the price moved and went down.
7372		-
7373		-1844
7374		-01:35:53,639 ~-~-> 01:35:54,509
7375		-Let's see
7376		-
7377		-1845
7378		-01:35:56,730 ~-~-> 01:35:57,900
7379		-that price point
7380		-
7381		-1846
7382		-01:35:59,190 ~-~-> 01:36:02,280
7383		-too low. only move 17 pips beyond what
7384		-
7385		-1847
7386		-01:36:02,280 ~-~-> 01:36:05,520
7387		-the 162 extension is, and then optimally
7388		-
7389		-1848
7390		-01:36:05,700 ~-~-> 01:36:07,530
7391		-price returned all the way back up to
7392		-
7393		-1849
7394		-01:36:07,530 ~-~-> 01:36:09,210
7395		-the area where you were sold. So you can
7396		-
7397		-1850
7398		-01:36:09,210 ~-~-> 01:36:11,190
7399		-see if you're looking for a 200%
7400		-
7401		-1851
7402		-01:36:11,250 ~-~-> 01:36:13,020
7403		-extension down here, you would have gave
7404		-
7405		-1852
7406		-01:36:13,020 ~-~-> 01:36:14,730
7407		-up a really really handsome opportunity
7408		-
7409		-1853
7410		-01:36:14,730 ~-~-> 01:36:17,520
7411		-to be covering your short and reversing
7412		-
7413		-1854
7414		-01:36:19,590 ~-~-> 01:36:21,660
7415		-interest just one more example. On the
7416		-
7417		-1855
7418		-01:36:21,660 ~-~-> 01:36:25,200
7419		-short term. We have a impulse move here
7420		-
7421		-1856
7422		-01:36:25,230 ~-~-> 01:36:29,040
7423		-retracement, okay find the low up to the
7424		-
7425		-1857
7426		-01:36:29,040 ~-~-> 01:36:33,210
7427		-high, highest point right there and your
7428		-
7429		-1858
7430		-01:36:33,210 ~-~-> 01:36:36,480
7431		-127 and then your 162 extension, almost
7432		-
7433		-1859
7434		-01:36:36,480 ~-~-> 01:36:38,460
7435		-kneeling to the very low of the move.
7436		-
7437		-1860
7438		-01:36:39,060 ~-~-> 01:36:40,890
7439		-And then obviously you can see the price
7440		-
7441		-1861
7442		-01:36:40,890 ~-~-> 01:36:46,170
7443		-of the market moved higher. Okay. There
7444		-
7445		-1862
7446		-01:36:46,170 ~-~-> 01:36:48,780
7447		-are another opportunity of catching the
7448		-
7449		-1863
7450		-01:36:48,780 ~-~-> 01:36:51,060
7451		-upside here. You see this price move
7452		-
7453		-1864
7454		-01:36:51,060 ~-~-> 01:36:54,270
7455		-here. Okay, if you anticipate this as a
7456		-
7457		-1865
7458		-01:36:54,270 ~-~-> 01:36:58,950
7459		-buying opportunity, okay, this is your
7460		-
7461		-1866
7462		-01:36:59,220 ~-~-> 01:37:01,800
7463		-reference point. On a price swing,
7464		-
7465		-1867
7466		-01:37:01,800 ~-~-> 01:37:03,240
7467		-remember that first slide we talked
7468		-
7469		-1868
7470		-01:37:03,240 ~-~-> 01:37:06,540
7471		-about finding the upside objective, here
7472		-
7473		-1869
7474		-01:37:06,540 ~-~-> 01:37:10,200
7475		-is your fib, pull it down to the low.
7476		-
7477		-1870
7478		-01:37:12,300 ~-~-> 01:37:14,670
7479		-And then here's your 127. And we just
7480		-
7481		-1871
7482		-01:37:14,670 ~-~-> 01:37:17,010
7483		-fell short of that once you get to here.
7484		-
7485		-1872
7486		-01:37:17,910 ~-~-> 01:37:22,380
7487		-And we just might get that on in in the
7488		-
7489		-1873
7490		-01:37:22,380 ~-~-> 01:37:25,080
7491		-coming days. Or it could be just coming
7492		-
7493		-1874
7494		-01:37:25,080 ~-~-> 01:37:26,640
7495		-up to fill this gap, we don't know. But
7496		-
7497		-1875
7498		-01:37:26,970 ~-~-> 01:37:28,350
7499		-on the upside, this could be a very
7500		-
7501		-1876
7502		-01:37:28,350 ~-~-> 01:37:32,700
7503		-favorable target for very little short
7504		-
7505		-1877
7506		-01:37:32,700 ~-~-> 01:37:35,580
7507		-term to intermediate term trade on the
7508		-
7509		-1878
7510		-01:37:35,580 ~-~-> 01:37:38,820
7511		-yen. So hopefully, it's been useful and
7512		-
7513		-1879
7514		-01:37:39,150 ~-~-> 01:37:41,250
7515		-you guys can glean some insight from it.