ICT - Sniper Course - 05 - Range Finding module - Institutional.srt

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ICT: Hello Folks, this is Michael

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with a warm welcome to Part Five and Our

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continuing series of the ICT scout

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sniper basic Field Guide. And this

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episode is titled range finding. Okay,

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and what we'll be covering in this

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presentation. Well, we're going to be

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reviewing the previous episodes

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assignment tracking institutional price

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action. Now you were instructed to go

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through your charts and look at the

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daily and four hour and look for

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reference points and order blocks so you

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can pull your fibs cross hunting optimal

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trade entries. For those that didn't do

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the homework, we're gonna be giving a

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couple of examples and we're gonna be

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looking at specific charts, and we're

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gonna give specific order block

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illustrations. Now worked up a couple

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illustrations, obviously in the fiber,

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which is the Euro USD give you a bullish

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example. In fact, we're going to

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probably give you two or three of them.

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And we'll give you a bearish example.

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And we're going to be looking at a pair

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that's probably very alien to anyone

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that's been following my work. The

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Canadian dollar in Japanese yen pair.

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Okay, we're gonna be looking at a

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bullish example is that basically to

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highlight the the overall universal

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application to my concepts and even

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applying it to an exotic pair like this

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as an illustration. And we're looking at

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another in my opinion is an exotic is

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Australian and Japanese yen. I'm going

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to give you a bullet examples that pair

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illustrates in exotic application as

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well. Remember talking about target

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selection concepts, and it begins with

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price swings. And now obviously, it's in

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the eye of the beholder, okay, so

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without your ability to see the overall

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price swings, that's going to be the

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hindering or obstacle for you. Okay, so

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you're gonna have to put some time into

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looking at the charts. You haven't

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already done so and acquired that

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talent. You're going to need to do that

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before you can actually move forward.

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Price reference points, we've been

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talking about that specifically. And

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we're gonna be introducing the 50 Rule

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of symmetrical price swings and we given

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you the the instructions of Mt for fib

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calibration and we're looking at ICT

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swing projections. Wow. Market symmetry

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in the bullish realm. Okay, we're gonna

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be talking about equilibrium and price

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swing fulcrums I'm gonna

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give you upside objectives

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and we're gonna be looking at the chart

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examples of upside swing projections.

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And we're gonna be giving you a barque

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bearish market symmetry, dealing with

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the equilibrium price swing fulcrums

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which points to downside objectives. And

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we're going to give you examples of

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downside price projections as well. And

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yes, homework. We're going to be looking

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at projecting swing targets.

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So let's get started. Okay, guys,

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we're looking at the euro. This is the

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daily chart on the fiber. And I'm gonna

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draw a few things here I'm gonna bring

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your attention to, we have this high

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here, and this high here, and we're

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gonna put it right on the highest high

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this candle. It's roughly 3450. But I

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want to draw your attention to the

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bodies of these candles and the highs of

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these. Okay, if we draw our little

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horizontal line down to that,

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and we're just going to

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move around it, there you go. See that?

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3420 3420 is the level essentially that

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this price was reaching for? Okay,

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because that's the institutional level

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we like to follow. Again, it's the full

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figures 00 levels to 20s 50s mid figures

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in the 80s. Okay, so, we have this level

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here. 3422. Remember that because we're

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gonna come back to it in a few moments.

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But this is what price action was doing

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prior to the previous release of Episode

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Four in this series and we're going to

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do is we're going to draw our chart into

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a four hour basis. Again that 134 20

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level, keep that in mind.

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Okay, we have

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the four hour chart here, we have Mark

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structure breaking

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here,

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breaking this high here, coming back

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down, trading into this previous order

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block. Okay, and we're going to put a

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few different order blocks on this

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chart. Okay, price dips and dips into it

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rather, right in here. And we also have

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market structure breaking and confirming

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even further here with another order

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block here that we will reference

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Okay, so

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again we have this block and this block

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and I'm going to just change the color

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this one too. So, it can be slightly

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different or in this case drastically

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different. So, we have market structure

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again shifted bullish here, the low was

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maintained here made a higher high here.

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So this low is sensitive words we want

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to see price anticipate rather price

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staying above this low. Okay, but let's

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pour fib across

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these ranges. Okay, we

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have the low to high and price coming

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down to the 79 cent tracing level that

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134 76 level. So it really that 134 as a

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really handsome area that one could

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utilize to get long. The fiber really

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likes the ac 20s and 50s. In price did

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obviously give you an opportunity to be

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a buyer here, but moving forward, okay,

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that's what we're at now we're gonna

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look at examples. Okay based on the idea

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what we shared in Part Four. Okay, this

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was the order block that would have been

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staring you in the face at the time of

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the last release of part four of ICT

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scout sniper field training guide. Price

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comes right down here is the date that

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the market I'm sorry, the video was

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released right in here. And this is

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where if you look at the the swing here

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here's the price swing. And you know

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that's a nice attrition level right in

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here. Okay, and price trades down gives

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you a nice hammer See that? That's a

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very nice confirmation in terms of

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candlestick patterns. Okay, just

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candlestick pattern alone means nothing.

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But when you have this couple with an

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order block, it dips into right here and

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I guess it'd be a little bit more

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helpful to do that over here for you to

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illustrate what specifically I'm

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referring to. And also, let's go back to

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that 134 20 level. Okay? I'm just gonna

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squeeze this chart up a little bit,

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because we need to

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reference a

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level that's outside of the view. Okay,

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here's that 134 20 level. Alright. And

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again, we're referencing this old high.

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Okay, so let's go back to that chart.

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And we're going to use our fib from that

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level. Up to this price point right

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there. Okay. So we have the 62% tracer

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level coming in there and that 134 74

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level. Okay, so by itself between here

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and here, this is an area where we could

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reasonably expect to see price bounce if

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we're using that range, okay? And the

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134 50 level here.

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Let's draw

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our fib

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from that reference point

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and we have price moving within the auto

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trading or trading right down to that

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sweet spot. Market doing it with the

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mouse

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price trades up.

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Okay, and so we had one optimal trade

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entry in here. Price rallies up we have

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another order block right in here

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on this kind of borrow

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this range. Okay?

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And if price dips down into that we

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could be a buyer again. Okay again this

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is for our chart. Okay so 134 94 130 508

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the range in between here is a nice

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level to anticipate a possible Buying

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Opportunity should price get back down

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into this order block and the fibs price

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trades right down to that 62% tray so

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I'm waiting here. I like these two

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candles like that it's nicest tweezers.

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Price coming straight down again, dips

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right down to that 135 almost a 135

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figure, big figure and realize up

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aggressively And you can see we moved up

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pretty handsomely

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Okay, so you have

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a few opportunities in here where it was

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obvious that you know the higher prices

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that we were calling these are the

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setups that were available to you and

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ultimately price did trade lower here we

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broke a significant low and let's look

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at that for a moment because I was asked

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in Twitter to give an example of bearish

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environment where could use this

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information so we have the bullish

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candle prior to move down okay inside of

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this area here because big candle

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institutions were selling into that.

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Okay, and market rally I'm sorry,

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declined. And what you want to do is you

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want to see price try to trade right

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back up into that level. Exactly. Block.

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And

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let's use

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price points

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136 swing institutional, which is

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essentially in the area of this candle,

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we could use 136 figure, but it's very

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close to the level here. So I want to be

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outside of the range with the

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expectation that this this market may in

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fact, rollover. Okay, I'm using the

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lowest low here, okay, prior to that

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136 20. So the range is between this low

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and the institutional level, which is

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essentially where this is keying off of.

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And if price gets up into these levels

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here, we could be a seller. see that

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happening? there? Okay. Notice that we

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dipped above this level. So we went back

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inside of the order block here. And we

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had a nice Apple trade entry, boom.

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Okay? If you want to go to the basic ot

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you can use this swing high and this

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swing high, okay? But I'm going to show

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you the highest high down to that low.

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Okay, we got just a equilibrium point,

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okay, which really isn't beneficial to

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me.

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If we use

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this swing high here, he bang up into

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that 62% trace level and still inside

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the order block, but notice the candles,

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were unable to have any of their bodies

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within that realm. It's only the Wix

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then it was rejected and traded off. We

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had obviously another retracement

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let's get the fib off.

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Okay, we have an order block here.

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Okay, price slipped lower. If trades

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back up into this area or a little bit

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higher we could look for a so and price

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occasion on chain trading trades right

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in here. But where does it go right back

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into an old order blocks sent it higher

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here and this is where we're trading at

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now. Okay. So, again, that's the fiber

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and if you

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go back out.

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And we're going to look at this, this

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particular order block here and this

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occurred on the 30th. So the day of the

272
00:15:12,839 --> 00:15:17,759
release of the episode for, okay, this,

273
00:15:18,239 --> 00:15:20,549
this breakout started moving higher, and

274
00:15:20,549 --> 00:15:22,199
price moving back into this little block

275
00:15:22,199 --> 00:15:23,279
here would be

276
00:15:24,900 --> 00:15:26,010
indicative of

277
00:15:27,450 --> 00:15:30,090
a buy opportunity. So we're going to

278
00:15:30,090 --> 00:15:32,520
look at how price dipped into it here on

279
00:15:33,570 --> 00:15:35,040
the second of October.

280
00:15:38,520 --> 00:15:39,150
And

281
00:15:40,980 --> 00:15:41,790
we're going to just

282
00:15:42,870 --> 00:15:45,030
take this old thing here and drop it

283
00:15:45,030 --> 00:15:48,300
right on there. And it should when we go

284
00:15:48,300 --> 00:15:50,010
down to a five minute chart should drop

285
00:15:50,010 --> 00:15:55,830
us into the New York session. Wallah.

286
00:15:56,070 --> 00:15:59,820
There we go. So, price drops down into

287
00:15:59,820 --> 00:16:03,990
it. You're right there, and you get that

288
00:16:03,990 --> 00:16:07,110
explosive rally up. Do you think

289
00:16:07,110 --> 00:16:09,990
institutions were behind that move? Or

290
00:16:09,990 --> 00:16:13,740
you think it was Joe public? Clearly,

291
00:16:13,890 --> 00:16:16,350
institutions, okay. And then obviously

292
00:16:16,350 --> 00:16:17,130
you can see how price

293
00:16:17,790 --> 00:16:18,720
rolled on higher.

294
00:16:22,740 --> 00:16:24,840
And the exercises that you were

295
00:16:24,840 --> 00:16:29,640
instructed to do, were to utilize these

296
00:16:29,640 --> 00:16:34,260
concepts and move forward. And you judge

297
00:16:34,290 --> 00:16:37,830
whether or not they're useful to you. I

298
00:16:37,830 --> 00:16:39,210
can assure you if you spend some time

299
00:16:39,210 --> 00:16:39,570
with it,

300
00:16:41,220 --> 00:16:42,240
you're going to find that

301
00:16:43,200 --> 00:16:45,390
it's hard pressed to find something is

302
00:16:45,390 --> 00:16:49,080
more accurate than what's being shared

303
00:16:49,080 --> 00:16:53,400
in this video series because it doesn't

304
00:16:53,400 --> 00:16:55,590
exist anywhere else. And

305
00:16:56,970 --> 00:16:58,140
if I didn't make money with it,

306
00:17:01,500 --> 00:17:05,070
I could sell the concepts and try to,

307
00:17:05,160 --> 00:17:07,560
you know, build a service system around

308
00:17:07,560 --> 00:17:10,890
it. But I'm not interested in doing I

309
00:17:10,890 --> 00:17:13,500
make a lot more money actually utilizing

310
00:17:13,500 --> 00:17:17,370
it. So it's obviously something that you

311
00:17:17,370 --> 00:17:21,210
can learn on your own. And it's not just

312
00:17:21,570 --> 00:17:24,240
this pair, okay? It's not just the

313
00:17:24,240 --> 00:17:26,910
cable. Okay, British Pound USD, not the

314
00:17:26,910 --> 00:17:29,430
pairs that ICT likes, it's, it's

315
00:17:29,430 --> 00:17:31,980
universal. And because it is universal,

316
00:17:31,980 --> 00:17:33,810
and you can use it in other pairs, and

317
00:17:33,810 --> 00:17:34,920
we're going to take a look at that now

318
00:17:34,920 --> 00:17:37,830
with two of the weirdest pairs in the

319
00:17:37,830 --> 00:17:40,920
ICT repertoire. But we're gonna be

320
00:17:40,920 --> 00:17:42,750
taking a look at the Canadian dollar and

321
00:17:42,750 --> 00:17:44,820
Japanese yen. I know you're scratching

322
00:17:44,820 --> 00:17:46,440
your head thinking what is that? And

323
00:17:46,440 --> 00:17:49,230
then the Australian Japanese yen. Okay,

324
00:17:49,560 --> 00:17:51,300
so take a look at those now. Okay,

325
00:17:51,300 --> 00:17:52,860
folks, we're looking at a pair that I

326
00:17:53,400 --> 00:17:55,560
never trade. But I just want to give you

327
00:17:55,560 --> 00:17:59,280
these examples to kind of frame the

328
00:17:59,310 --> 00:18:01,500
universal app. occation of these

329
00:18:01,500 --> 00:18:04,590
concepts and really communicate that

330
00:18:04,620 --> 00:18:07,410
it's not limited just to the fiber and

331
00:18:07,410 --> 00:18:10,920
cable, which I mean predominantly my, my

332
00:18:10,920 --> 00:18:14,340
pet pairs in the Forex market. I like to

333
00:18:14,340 --> 00:18:17,310
stay within the majors. But if you are

334
00:18:17,310 --> 00:18:19,020
just really one of those types of

335
00:18:19,020 --> 00:18:20,190
traders where you just have to be

336
00:18:20,190 --> 00:18:22,710
trading these exotic pairs, well, you

337
00:18:22,710 --> 00:18:24,900
know, it still works, but I just simply

338
00:18:25,260 --> 00:18:28,140
don't trade it myself. Okay, so, we're

339
00:18:28,140 --> 00:18:31,230
gonna look at this example. It's a four

340
00:18:31,230 --> 00:18:33,750
hour chart on the Canadian dollar in

341
00:18:33,750 --> 00:18:37,560
Japanese yen pair. And I generally don't

342
00:18:37,560 --> 00:18:40,050
like to trade in pairs, but you know,

343
00:18:40,050 --> 00:18:41,760
again, just to illustrate the

344
00:18:41,850 --> 00:18:45,930
effectiveness of the tools. I want to

345
00:18:45,930 --> 00:18:47,010
draw your attention to the fact that we

346
00:18:47,010 --> 00:18:49,440
had this nice rally up, can we get this

347
00:18:49,440 --> 00:18:53,580
really really rapid increase in price?

348
00:18:54,300 --> 00:18:57,570
About 500 pips or more, between the low

349
00:18:57,570 --> 00:19:00,300
here in August, the high formed late In

350
00:19:00,510 --> 00:19:02,970
September, and I want to draw your

351
00:19:02,970 --> 00:19:04,620
attention to the fact that we had a few

352
00:19:04,620 --> 00:19:08,070
areas of where price could reasonably

353
00:19:08,070 --> 00:19:12,180
expect to see a bounce. You see this

354
00:19:12,210 --> 00:19:14,310
consolidation in here, and we had a

355
00:19:14,310 --> 00:19:17,520
consolidation here as well. Notice

356
00:19:17,520 --> 00:19:19,950
they're accumulating around old highs

357
00:19:19,950 --> 00:19:21,300
and lows here to the left side of your

358
00:19:21,300 --> 00:19:23,550
chart. Let me draw your attention

359
00:19:23,580 --> 00:19:25,530
specifically to this one right here.

360
00:19:25,680 --> 00:19:29,100
Okay, this is a down candle within this

361
00:19:29,100 --> 00:19:31,380
consolidation prior to the move out of

362
00:19:31,380 --> 00:19:32,700
this consolidation onwards, we're going

363
00:19:32,700 --> 00:19:35,880
to be using the high of that candle as

364
00:19:35,880 --> 00:19:38,880
the beginning point of where a

365
00:19:39,300 --> 00:19:41,460
institutional order block may reside.

366
00:19:42,090 --> 00:19:44,490
Okay, and there's a few things that we

367
00:19:44,490 --> 00:19:48,570
could be utilizing in this setup. We

368
00:19:48,570 --> 00:19:52,380
could be referring to this swing low

369
00:19:52,380 --> 00:19:58,920
here, prior to this rally up. Okay,

370
00:19:58,920 --> 00:20:00,780
we're going to use the highest Hi, which

371
00:20:00,780 --> 00:20:03,480
is this one right here. Okay, notice we

372
00:20:03,480 --> 00:20:07,770
have a 62% optimal trade entry overlaid

373
00:20:07,770 --> 00:20:10,650
right here. Okay? See how that's very

374
00:20:10,650 --> 00:20:14,640
close to proximity of that 9460 we got

375
00:20:14,640 --> 00:20:16,740
9465 there's only a variance of five

376
00:20:16,740 --> 00:20:19,770
pips. Nothing wrong with that. Okay. So

377
00:20:20,040 --> 00:20:26,700
anywhere between the 9465 9460, maybe

378
00:20:26,700 --> 00:20:29,550
even 55 level to allow for some

379
00:20:29,550 --> 00:20:31,950
slippage. To allow these orders to be

380
00:20:32,430 --> 00:20:34,980
pinged. We could see a nice little

381
00:20:35,220 --> 00:20:42,780
bounce in here, okay, and another area

382
00:20:44,130 --> 00:20:46,170
where we have consolidation which is in

383
00:20:46,170 --> 00:20:48,720
here, okay, prior to the rally up out of

384
00:20:48,720 --> 00:20:51,210
that consolidation, the down candle

385
00:20:51,270 --> 00:20:53,280
prior to the move is right in here.

386
00:20:55,260 --> 00:20:56,460
Okay, so we're gonna use the high that

387
00:20:56,460 --> 00:20:59,970
candle right in there. Okay, and if

388
00:21:00,000 --> 00:21:03,690
Price trades lower in much deeper into

389
00:21:03,690 --> 00:21:06,540
that price swing. Okay, we could use

390
00:21:06,960 --> 00:21:09,990
this low to this high because we're

391
00:21:09,990 --> 00:21:11,460
looking at the range between the low

392
00:21:11,460 --> 00:21:13,470
here and the high here much in the same

393
00:21:13,470 --> 00:21:16,350
way we did this low to this high. Okay?

394
00:21:16,740 --> 00:21:18,360
Notice we have the 79 cent tradesmen

395
00:21:18,360 --> 00:21:21,450
level laying right on that same order

396
00:21:21,450 --> 00:21:24,990
block. Okay. So, if the optimal trade

397
00:21:24,990 --> 00:21:28,500
entry sees price come trading down into

398
00:21:28,500 --> 00:21:30,510
these levels here, that could be a

399
00:21:30,510 --> 00:21:32,970
favorable area to be anticipating a

400
00:21:33,330 --> 00:21:36,870
bounce as well. Now again, all these

401
00:21:36,870 --> 00:21:40,530
levels do our highlight areas where on

402
00:21:40,530 --> 00:21:43,620
the smaller timeframe, price entry

403
00:21:43,650 --> 00:21:47,400
patterns formulate, okay or come to

404
00:21:47,400 --> 00:21:49,410
fruition. And since we're teaching the

405
00:21:49,410 --> 00:21:51,570
optimal trade entry, which is the

406
00:21:51,600 --> 00:21:53,400
retracement inside of a price swing

407
00:21:53,400 --> 00:21:55,560
between 62 and setting us up tracing the

408
00:21:55,560 --> 00:21:59,100
level we would like to see a price

409
00:21:59,100 --> 00:22:01,410
pattern in The same capacity and the

410
00:22:01,410 --> 00:22:02,430
fractal nature

411
00:22:02,730 --> 00:22:05,610
on a smaller timeframe, ie five minute

412
00:22:05,610 --> 00:22:09,360
15 minute. Okay, so with that said let's

413
00:22:09,810 --> 00:22:12,480
take a look at what transpired. Okay,

414
00:22:12,480 --> 00:22:14,670
first we're going to look at is here and

415
00:22:14,670 --> 00:22:17,400
here the second one. Okay as price moves

416
00:22:17,400 --> 00:22:20,040
along. Notice how price came right down

417
00:22:20,040 --> 00:22:24,870
to that level right there. Okay. And

418
00:22:24,870 --> 00:22:27,000
bounced up just in that little bounce

419
00:22:27,000 --> 00:22:29,490
right there. We're looking at a

420
00:22:29,490 --> 00:22:30,390
potential

421
00:22:31,530 --> 00:22:32,070
for

422
00:22:32,610 --> 00:22:36,630
price move of 100 pips. Okay, if you can

423
00:22:36,630 --> 00:22:39,960
see that. The middle number here it's

424
00:22:39,960 --> 00:22:43,470
100 pips. Nothing wrong with that. Okay,

425
00:22:43,470 --> 00:22:45,000
and that's intraday again each one of

426
00:22:45,000 --> 00:22:46,710
these candles represents a four hour

427
00:22:46,710 --> 00:22:50,910
time period. Okay price and variably

428
00:22:50,910 --> 00:22:53,820
goes lower trades in the direction of

429
00:22:53,820 --> 00:22:56,940
the higher timeframe. retracement. Okay

430
00:22:56,940 --> 00:22:59,760
and as price moves around comes back up.

431
00:23:00,540 --> 00:23:04,590
Some resistance that same level twice,

432
00:23:04,860 --> 00:23:06,600
and it moves down to what level that

433
00:23:06,600 --> 00:23:10,830
9337 okay 9337. So we came right back

434
00:23:10,830 --> 00:23:13,350
down to this point of origin, or this

435
00:23:13,350 --> 00:23:16,110
initial price move originated. Okay,

436
00:23:16,920 --> 00:23:19,680
price comes down, steps through it,

437
00:23:20,160 --> 00:23:21,510
pinging any orders that would have been

438
00:23:21,510 --> 00:23:26,790
around that 9335 to 9340 level. Okay?

439
00:23:26,970 --> 00:23:31,020
And price proceeds to move up into

440
00:23:31,020 --> 00:23:34,890
present market. If you look at where we

441
00:23:34,890 --> 00:23:38,640
moved from this level here, up to the

442
00:23:38,640 --> 00:23:40,380
high Now again, this is the best case

443
00:23:40,380 --> 00:23:43,740
scenario. That's 180 plus pips. Okay,

444
00:23:43,740 --> 00:23:46,920
just trading that bounce right here. Now

445
00:23:46,920 --> 00:23:48,240
what we're going to do is we're going to

446
00:23:48,450 --> 00:23:53,490
break that down and zoom in into both of

447
00:23:53,490 --> 00:23:58,380
those areas to highlight where price

448
00:23:59,280 --> 00:23:59,970
may have

449
00:24:01,740 --> 00:24:02,850
Because we don't know I'm looking at

450
00:24:02,850 --> 00:24:05,670
these examples the first time, so I may

451
00:24:05,670 --> 00:24:08,130
be encountered with an opportunity that

452
00:24:08,370 --> 00:24:11,700
wasn't there. Okay? But for now we're

453
00:24:11,700 --> 00:24:14,070
just gonna take a look at this here. I'm

454
00:24:14,070 --> 00:24:15,240
gonna price trades down into these

455
00:24:15,240 --> 00:24:17,220
levels here, we want to be looking for

456
00:24:17,460 --> 00:24:20,280
an optimal trade entry to key off on a

457
00:24:20,280 --> 00:24:22,260
lower timeframe. Okay, so we're going to

458
00:24:22,260 --> 00:24:24,600
do that now. Okay, we're zoomed in on

459
00:24:24,600 --> 00:24:26,130
the Canadian dollar Japanese yen pair to

460
00:24:26,220 --> 00:24:27,510
the five minute chart. And this is the

461
00:24:27,510 --> 00:24:30,120
first of the higher most price levels

462
00:24:30,120 --> 00:24:31,320
that we're looking at on the four hour

463
00:24:31,320 --> 00:24:35,940
chart. And this is the day that the last

464
00:24:35,940 --> 00:24:38,820
video of this series was recorded and

465
00:24:38,820 --> 00:24:40,890
posted on YouTube. This is September 30.

466
00:24:42,120 --> 00:24:44,820
And we're moving down inside of this for

467
00:24:44,820 --> 00:24:47,490
our order block, delineating with this

468
00:24:47,520 --> 00:24:52,080
blue level in here. Okay, and when we

469
00:24:52,920 --> 00:24:55,710
look for specific price patterns, okay,

470
00:24:55,710 --> 00:24:56,730
there's a couple things we got to go

471
00:24:56,730 --> 00:24:59,280
back to remember, we're in the fifth

472
00:24:59,550 --> 00:25:01,590
part of this series but it's not that

473
00:25:01,590 --> 00:25:03,060
you're supposed to forget everything we

474
00:25:03,060 --> 00:25:04,260
learned and covered in the previous

475
00:25:04,260 --> 00:25:06,900
videos. We're going to now go back

476
00:25:07,020 --> 00:25:09,390
throughout the first four videos and

477
00:25:09,390 --> 00:25:12,000
pull out some of the gems that you

478
00:25:12,000 --> 00:25:13,740
should have been gleaning and keeping

479
00:25:13,740 --> 00:25:15,990
track of on your little notepad. And

480
00:25:16,590 --> 00:25:17,970
hopefully you can start seeing these

481
00:25:17,970 --> 00:25:21,480
things start synergizing Okay, when we

482
00:25:21,480 --> 00:25:23,730
see an order block like this, okay, much

483
00:25:23,730 --> 00:25:25,140
like in high level timeframe, key

484
00:25:25,140 --> 00:25:26,820
support resistance level, we are to

485
00:25:26,820 --> 00:25:30,150
calibrate them. Okay, this level here

486
00:25:30,150 --> 00:25:33,000
that 9460 is already calibrated to a

487
00:25:33,000 --> 00:25:35,100
small round number. But now think in

488
00:25:35,100 --> 00:25:38,490
terms of big round numbers. Okay, we

489
00:25:38,490 --> 00:25:43,350
have the 9480 level, institutional up

490
00:25:43,350 --> 00:25:45,390
here. Okay, so that's one level to be

491
00:25:45,390 --> 00:25:47,040
considered. Okay, what we're gonna do is

492
00:25:47,040 --> 00:25:53,160
we're gonna draw a line on that. Okay,

493
00:25:53,190 --> 00:25:56,940
so that may be one of interest. And we

494
00:25:56,940 --> 00:25:59,070
have one here this just a little bit

495
00:25:59,100 --> 00:26:00,690
outside of the country. But you still

496
00:26:00,690 --> 00:26:02,880
have to consider it because of static

497
00:26:02,910 --> 00:26:05,850
alone. Okay? Just a normal volatility in

498
00:26:05,850 --> 00:26:08,820
the marketplace. If it goes to 9460.

499
00:26:09,150 --> 00:26:11,220
Okay, and your block dips below that,

500
00:26:11,430 --> 00:26:15,810
chances are it could utilize the 9450

501
00:26:15,810 --> 00:26:18,570
level, the big figure halfway part

502
00:26:18,630 --> 00:26:21,600
nords. It's a mid figure. So what we're

503
00:26:21,600 --> 00:26:24,360
going to do is we're going to have our

504
00:26:24,360 --> 00:26:29,100
chart and I'm going to highlight that

505
00:26:29,100 --> 00:26:35,250
level here. Okay? Now if you refer back

506
00:26:35,250 --> 00:26:38,190
to the previous videos, okay, you're

507
00:26:38,190 --> 00:26:41,160
gonna remember this term, hidden,

508
00:26:41,250 --> 00:26:44,550
optimal trade entry. Okay? Remember

509
00:26:44,550 --> 00:26:47,190
support and resistance, if it's good, it

510
00:26:47,190 --> 00:26:50,640
won't go down to the level twice, okay?

511
00:26:50,640 --> 00:26:52,800
In other words, it will be accumulated

512
00:26:52,920 --> 00:26:55,830
and then it won't go back and dip down

513
00:26:55,830 --> 00:26:57,330
further. That's the premise between

514
00:26:57,330 --> 00:27:00,270
optimal trade entry. Well, sometimes We

515
00:27:00,270 --> 00:27:04,230
don't necessarily have a specific price

516
00:27:04,230 --> 00:27:06,570
action onwards, there's a gap between

517
00:27:06,600 --> 00:27:09,270
the 50 level and we're price is trading

518
00:27:09,270 --> 00:27:12,990
in here. Okay? Now remember, gaps don't

519
00:27:13,020 --> 00:27:15,750
always have to be filled. And that

520
00:27:15,750 --> 00:27:18,660
notion is one of the central tenants to

521
00:27:18,660 --> 00:27:20,550
this pattern. And this is one of the

522
00:27:20,550 --> 00:27:22,860
applications you can utilize for. So

523
00:27:22,860 --> 00:27:23,940
we're going to do is we're going to have

524
00:27:23,940 --> 00:27:26,520
our Fibonacci tool, okay. And our point

525
00:27:26,550 --> 00:27:28,740
of reference here is this is the highest

526
00:27:28,740 --> 00:27:32,940
high at the time, okay, going into this

527
00:27:32,940 --> 00:27:34,230
order block, and we're going to

528
00:27:34,260 --> 00:27:38,370
reference this 9450 level, okay? And you

529
00:27:38,370 --> 00:27:40,770
pull this up, and what you're looking

530
00:27:40,770 --> 00:27:42,390
for is you're going to drop it right on

531
00:27:42,390 --> 00:27:45,330
the highest high like that. So you

532
00:27:45,330 --> 00:27:49,380
anchored your 100 level, to the 9450,

533
00:27:49,620 --> 00:27:52,050
mid figure point. Okay. And that's going

534
00:27:52,050 --> 00:27:53,310
to give you a range between the mid

535
00:27:53,310 --> 00:27:55,080
figure and the highest high in here.

536
00:27:55,590 --> 00:27:57,720
Okay, now I've prices accumulating in

537
00:27:57,720 --> 00:28:01,650
here now You are not going to see this

538
00:28:01,650 --> 00:28:03,450
sibilant Fibonacci tool application

539
00:28:03,480 --> 00:28:05,340
anywhere else. This is completely and

540
00:28:05,430 --> 00:28:09,540
utterly unique to me, okay, now I catch

541
00:28:09,540 --> 00:28:11,460
a lot of flack for this thing but also

542
00:28:11,460 --> 00:28:13,920
catch a whole lot of incredible entry

543
00:28:13,920 --> 00:28:17,430
points and I trades that support it and

544
00:28:17,430 --> 00:28:20,490
results that reflect it. So bottom line

545
00:28:20,490 --> 00:28:22,500
is it's going to take a knack for you to

546
00:28:22,500 --> 00:28:24,960
learn to trust this, okay, in the only

547
00:28:24,960 --> 00:28:26,880
way you do it, is if you play around

548
00:28:26,880 --> 00:28:29,220
with it, and you do your own research on

549
00:28:29,220 --> 00:28:31,590
this pattern, okay? But it's still an

550
00:28:31,590 --> 00:28:33,240
optimal trade entry. It's a retracement

551
00:28:33,240 --> 00:28:36,090
within a range. Now it's prices not

552
00:28:36,090 --> 00:28:38,850
traded down to this point yet okay. But

553
00:28:38,850 --> 00:28:40,110
because there are psychological

554
00:28:40,140 --> 00:28:44,370
barriers, okay in price we have to

555
00:28:44,370 --> 00:28:47,130
consider it okay. And the way I use it

556
00:28:47,400 --> 00:28:49,860
is like this, okay? So if price trades

557
00:28:49,860 --> 00:28:54,240
down to the 9474 level 9469 or 9463

558
00:28:55,260 --> 00:28:57,090
that would constitute an optimal trade

559
00:28:57,090 --> 00:28:59,970
entry. Okay. Within the order block.

560
00:29:00,870 --> 00:29:02,370
With the understanding of premise that

561
00:29:02,370 --> 00:29:06,930
it may not get down to 9460 or 294 50

562
00:29:07,410 --> 00:29:09,450
okay or very well may just trade through

563
00:29:09,450 --> 00:29:11,640
it and spike even lower and not even

564
00:29:11,640 --> 00:29:14,220
give me a pattern at all. Okay but we

565
00:29:14,220 --> 00:29:16,350
have to consider this is a range even

566
00:29:16,350 --> 00:29:18,210
though price is not traded to it as of

567
00:29:18,210 --> 00:29:21,180
yet or if at all. We still consider that

568
00:29:21,180 --> 00:29:25,290
because it's a probable range within

569
00:29:25,650 --> 00:29:29,430
where price may have a bounce. Okay. And

570
00:29:29,430 --> 00:29:30,660
I'll give you more examples in this

571
00:29:30,660 --> 00:29:33,300
series, but for now, let's just work

572
00:29:33,300 --> 00:29:33,810
with this one.

573
00:29:35,280 --> 00:29:36,480
And as price moves

574
00:29:37,260 --> 00:29:40,230
down into this level, okay, price goes

575
00:29:40,260 --> 00:29:42,090
just a little bit through the 79%

576
00:29:42,090 --> 00:29:43,620
retracement level doesn't get to the

577
00:29:43,620 --> 00:29:50,970
9460 here. Price begins to rally off and

578
00:29:50,970 --> 00:29:55,860
takes off. Okay, and there is

579
00:29:57,060 --> 00:29:59,700
approximately 100 pips in price swing

580
00:29:59,730 --> 00:30:02,460
right in Here, okay, so you're finding

581
00:30:02,460 --> 00:30:08,850
the range where price may produce a move

582
00:30:08,850 --> 00:30:11,790
of sorts, but it's going to elude you if

583
00:30:11,790 --> 00:30:13,170
you're just looking for simple things

584
00:30:13,170 --> 00:30:14,790
like this, like here's a low to this

585
00:30:14,790 --> 00:30:17,130
high. If price retraces down to a range

586
00:30:17,130 --> 00:30:19,170
between this low and this high, that's

587
00:30:19,200 --> 00:30:23,220
basic price retracement. This is higher

588
00:30:23,460 --> 00:30:26,790
class, different level type of Fibonacci

589
00:30:26,790 --> 00:30:29,520
stuff. And again, I didn't learn it

590
00:30:29,520 --> 00:30:32,160
anywhere, except for in the charts. Just

591
00:30:32,430 --> 00:30:35,880
you just referencing the mid levels, 250

592
00:30:35,880 --> 00:30:39,060
levels 200 levels, okay. It's applicable

593
00:30:39,060 --> 00:30:41,070
at the institutional levels as well. But

594
00:30:41,070 --> 00:30:42,930
when it's treated, like this

595
00:30:42,930 --> 00:30:45,030
application, I use really just the full

596
00:30:45,030 --> 00:30:46,800
figure and mid figure levels, okay,

597
00:30:46,800 --> 00:30:49,200
because if the order block is like this,

598
00:30:49,200 --> 00:30:51,690
and it's around that 50 level, I'm going

599
00:30:51,690 --> 00:30:54,060
to be hunting a setup similar to this.

600
00:30:54,270 --> 00:30:57,360
Okay. This is, again, a pair I don't

601
00:30:57,360 --> 00:30:59,970
trade, but you can still utilize this

602
00:31:00,960 --> 00:31:03,150
This application, any pair of your

603
00:31:03,150 --> 00:31:05,760
choice, but again, because I know this

604
00:31:05,760 --> 00:31:07,140
probably went over a lot of your heads,

605
00:31:07,890 --> 00:31:11,490
and I don't mean to be, you know, a

606
00:31:11,490 --> 00:31:15,210
braggart but you were going to go

607
00:31:15,210 --> 00:31:16,410
through the process one more time and

608
00:31:16,410 --> 00:31:19,980
explain what again, I'm doing. Pricing

609
00:31:19,980 --> 00:31:21,960
price is trading around into an area

610
00:31:21,960 --> 00:31:23,670
where an order block on a higher low

611
00:31:23,670 --> 00:31:25,770
timeframe suggests that we may see a

612
00:31:25,770 --> 00:31:30,090
bounce, okay? We are trading near a mid

613
00:31:30,090 --> 00:31:33,390
figure level, okay. And the range on the

614
00:31:33,390 --> 00:31:35,490
four hour order block suggests that

615
00:31:35,490 --> 00:31:38,580
price may dip down into at least that

616
00:31:39,030 --> 00:31:43,110
9455 level and below it. Now, if it's

617
00:31:43,110 --> 00:31:45,300
going to go there, it very well may go

618
00:31:45,300 --> 00:31:48,090
to the 9450 level. It doesn't have to.

619
00:31:48,600 --> 00:31:50,340
Okay, in fact, I'd rather see it not

620
00:31:50,340 --> 00:31:52,830
doing okay. And that's, that's what this

621
00:31:52,860 --> 00:31:55,800
pattern hinges on. Okay? So what we do

622
00:31:55,800 --> 00:31:58,260
is again, once we anchor an area where

623
00:31:58,260 --> 00:32:00,540
we can, I clearly identify needs Do a

624
00:32:00,540 --> 00:32:02,340
horizontal line here. I just use this

625
00:32:02,550 --> 00:32:04,530
because it's cleaner compared to the two

626
00:32:04,530 --> 00:32:06,630
lines we already had on the chart. But

627
00:32:06,630 --> 00:32:08,310
you just take the little crosshairs on

628
00:32:09,720 --> 00:32:14,070
the little marker here. You anchor it

629
00:32:14,070 --> 00:32:16,320
there, you pull it up to the highest

630
00:32:16,320 --> 00:32:20,340
high traded during that consolidation.

631
00:32:20,790 --> 00:32:23,250
Okay, and as price price trades down

632
00:32:23,250 --> 00:32:26,730
into it, it'll reach into this range.

633
00:32:27,030 --> 00:32:29,970
Okay. And I know it sounds like Voodoo.

634
00:32:30,150 --> 00:32:31,320
Okay, but I'm gonna tell you right now,

635
00:32:31,350 --> 00:32:33,660
I've blown people away with this pattern

636
00:32:33,990 --> 00:32:36,720
over and over and over again. And once

637
00:32:36,720 --> 00:32:39,300
you identify how to use it, it's, it's

638
00:32:39,300 --> 00:32:42,390
crazy. It's insane. How very, very

639
00:32:42,390 --> 00:32:44,280
accurate is and it's nowhere in any

640
00:32:44,280 --> 00:32:45,750
books. It's nowhere in any video

641
00:32:45,750 --> 00:32:47,730
courses. I wish I could just simply say,

642
00:32:47,730 --> 00:32:48,900
hey, look, here's another reference

643
00:32:49,740 --> 00:32:51,330
source you can go to and study it, but

644
00:32:51,330 --> 00:32:54,090
it's really unique to ICT. So, again,

645
00:32:54,120 --> 00:32:55,560
it's one of those things where you know,

646
00:32:55,650 --> 00:32:56,970
whether you like it or don't like it,

647
00:32:57,030 --> 00:32:58,560
you know, the bottom line is, is I use

648
00:32:58,560 --> 00:33:00,840
it. It works. It's it's It's a pattern

649
00:33:00,840 --> 00:33:03,000
that I, I trade all the time. It's

650
00:33:03,000 --> 00:33:04,650
against the hidden optimal trade entry.

651
00:33:05,490 --> 00:33:10,980
And it's based upon using support

652
00:33:10,980 --> 00:33:13,050
resistance levels as your anchor points.

653
00:33:13,350 --> 00:33:15,810
Okay? Not necessarily a key swing high

654
00:33:15,810 --> 00:33:18,210
or low, an anchor point referenced

655
00:33:18,240 --> 00:33:20,310
around price levels itself that being

656
00:33:20,340 --> 00:33:22,710
the mid figure in this case, or a big

657
00:33:22,710 --> 00:33:27,120
figure. Okay. So now let's move on and

658
00:33:27,120 --> 00:33:31,080
take a look at Okay, we are at the

659
00:33:31,080 --> 00:33:35,670
second of the four hour block potential

660
00:33:35,670 --> 00:33:37,290
areas on that Canadian Japanese yen

661
00:33:37,290 --> 00:33:43,200
pair. Okay, and we have this range here

662
00:33:43,200 --> 00:33:44,670
we have the price bouncing off it

663
00:33:44,670 --> 00:33:46,950
initially rallying up and then starting

664
00:33:46,950 --> 00:33:49,350
to come back down. Now, again, you could

665
00:33:49,350 --> 00:33:51,720
do a few things here, you could use your

666
00:33:51,720 --> 00:33:53,460
basic optimal trade entry, which is

667
00:33:53,970 --> 00:33:57,150
pulling a low to a high and if price

668
00:33:57,150 --> 00:33:58,710
trades down to these levels in here,

669
00:33:59,340 --> 00:34:02,640
okay. 350 is a good area in here because

670
00:34:02,640 --> 00:34:04,470
it's around that big, sorry mid figure

671
00:34:04,470 --> 00:34:07,500
level. Okay, but draw your attention

672
00:34:07,500 --> 00:34:09,690
back to that for our order block, okay?

673
00:34:10,440 --> 00:34:15,540
This this level here is 9337 okay 9337

674
00:34:16,290 --> 00:34:22,200
Where is that in terms of institutional

675
00:34:22,200 --> 00:34:25,050
levels and big figures and mid figures?

676
00:34:25,440 --> 00:34:30,300
Okay. Notice that we have the mid figure

677
00:34:30,300 --> 00:34:33,540
up here, okay. So if I use that

678
00:34:33,540 --> 00:34:34,350
reference point

679
00:34:40,440 --> 00:34:44,220
okay we have that. Now if you draw the

680
00:34:44,220 --> 00:34:46,620
fib with that point, like we just did on

681
00:34:46,620 --> 00:34:48,660
the previous example. This is what you

682
00:34:48,660 --> 00:34:52,440
arriva Okay, let me get that belongs.

683
00:34:54,090 --> 00:34:56,070
Okay, so we're, we're finding the range

684
00:34:56,070 --> 00:34:58,800
between the mid figure 9350 and this

685
00:34:58,800 --> 00:35:02,970
high I have 9366 and nine 359, which is

686
00:35:02,970 --> 00:35:07,050
essentially 9360. Round number, okay.

687
00:35:07,650 --> 00:35:10,680
Which is it's possible. I mean, it's,

688
00:35:10,740 --> 00:35:12,180
it's possible you may see a little

689
00:35:12,180 --> 00:35:16,320
bounce in here. Okay. But is it near the

690
00:35:16,320 --> 00:35:21,060
order block? No. Okay. So I would

691
00:35:21,060 --> 00:35:25,050
reference Really? Let's take this film

692
00:35:25,050 --> 00:35:32,340
off. Okay, you can go down to the 9320

693
00:35:32,340 --> 00:35:35,610
level. Okay? Because there's your

694
00:35:35,610 --> 00:35:37,260
institutional level. Now we're going to

695
00:35:37,260 --> 00:35:39,570
use an application of the optimal trade

696
00:35:39,570 --> 00:35:39,990
entry.

697
00:35:41,130 --> 00:35:41,700
Based

698
00:35:41,730 --> 00:35:44,070
on the psychological level or

699
00:35:44,070 --> 00:35:45,660
institutional, we like to use the 20

700
00:35:45,660 --> 00:35:47,700
level. Okay, hidden optimal trade entry,

701
00:35:47,700 --> 00:35:49,740
again, using the range between that

702
00:35:49,740 --> 00:35:51,810
level again, we don't know if it's going

703
00:35:51,810 --> 00:35:53,430
to trade down to that level. In fact,

704
00:35:53,490 --> 00:35:55,380
we're hoping that it doesn't, but we

705
00:35:55,380 --> 00:35:57,420
have a range of satellites and tracing

706
00:35:57,420 --> 00:36:00,960
level comes in at 9336 With a range to

707
00:36:00,960 --> 00:36:04,050
9348 so anywhere in here once we trade

708
00:36:04,050 --> 00:36:06,180
down to that level again this was this

709
00:36:06,180 --> 00:36:08,040
is fairly handsome. I mean there was an

710
00:36:08,040 --> 00:36:10,560
opportunity in here to be a buyer okay

711
00:36:10,560 --> 00:36:15,510
between 9348 and 9335 okay if price

712
00:36:15,510 --> 00:36:17,580
trades right down in there that would

713
00:36:17,580 --> 00:36:20,190
constitute enough for me to take a buy

714
00:36:20,190 --> 00:36:25,890
signal okay price trades down dvh

715
00:36:25,890 --> 00:36:27,690
sentence at trace level just a little

716
00:36:27,690 --> 00:36:30,540
bit in here okay and rallies on up

717
00:36:35,610 --> 00:36:38,640
finally breaks through the old market

718
00:36:38,640 --> 00:36:42,270
structure hi in here you can see it

719
00:36:42,270 --> 00:36:45,120
trades on up to our previous levels we

720
00:36:45,120 --> 00:36:47,730
had noted on the earlier example and

721
00:36:47,730 --> 00:36:50,610
then finally through it. And then today

722
00:36:50,640 --> 00:36:53,010
it's monkeying around finding support

723
00:36:53,010 --> 00:36:55,590
it. Let's go back to this point here.

724
00:36:55,800 --> 00:36:57,780
Okay, cuz I want to show you how, even

725
00:36:57,780 --> 00:37:00,000
if you were not using the institutional

726
00:37:00,000 --> 00:37:02,580
levels, okay, and you were going to

727
00:37:02,580 --> 00:37:07,290
reference, say, the big figure. In this

728
00:37:07,290 --> 00:37:11,100
example we're going to pull down to the

729
00:37:11,100 --> 00:37:16,860
93 figure. Okay, and we're going to grab

730
00:37:16,860 --> 00:37:18,270
that hundred level and we're going to

731
00:37:18,270 --> 00:37:20,100
anchor it right to that. Now what we're

732
00:37:20,100 --> 00:37:22,050
doing is again, we're looking at the

733
00:37:22,050 --> 00:37:24,450
range between the highest high here as

734
00:37:24,450 --> 00:37:26,160
it's dipping down in that order block.

735
00:37:26,490 --> 00:37:28,410
We don't expect it to get to nine 300

736
00:37:28,950 --> 00:37:30,930
because the order blocks up here, okay?

737
00:37:31,440 --> 00:37:34,440
But we also have price coming right down

738
00:37:34,440 --> 00:37:36,060
into and it's a little difficult to see

739
00:37:36,060 --> 00:37:38,340
let me take this horizontal line off. We

740
00:37:38,340 --> 00:37:40,050
already know what that is anyway, so

741
00:37:40,590 --> 00:37:43,200
taking it off as should not be a form of

742
00:37:44,520 --> 00:37:46,380
confusion for you. Price comes right

743
00:37:46,380 --> 00:37:49,110
into that 62% retracement level. Okay,

744
00:37:49,170 --> 00:37:52,260
turns on a dime. And you get that same

745
00:37:52,260 --> 00:37:54,240
turn so either or would have been

746
00:37:54,240 --> 00:37:56,610
applicable for you here and it would

747
00:37:56,610 --> 00:37:59,610
have give you a dynamite entry point

748
00:37:59,760 --> 00:38:02,730
where You've really zeroed in much in

749
00:38:02,730 --> 00:38:04,650
the same way a sniper does with his

750
00:38:04,650 --> 00:38:08,220
scope, zooms in and gets the kill shot

751
00:38:08,220 --> 00:38:11,850
here. Now, again, assuming that you

752
00:38:11,850 --> 00:38:14,400
don't have this under your belt yet,

753
00:38:14,640 --> 00:38:16,560
okay? assume you don't have that. And

754
00:38:16,560 --> 00:38:18,750
it's, it's not saying that you need to

755
00:38:18,750 --> 00:38:20,370
be ashamed of if you don't have it yet

756
00:38:20,370 --> 00:38:21,450
because it's going to take a little time

757
00:38:21,450 --> 00:38:24,480
for you to trust this. Okay? So again,

758
00:38:24,480 --> 00:38:26,520
you're gonna have to do this on a daily

759
00:38:26,520 --> 00:38:28,530
basis, go through your charts every

760
00:38:28,530 --> 00:38:32,040
single day during the five minute chart,

761
00:38:32,310 --> 00:38:34,260
15 minute chart, an hourly chart, and

762
00:38:34,260 --> 00:38:36,240
look at how price is trading around

763
00:38:36,240 --> 00:38:38,730
these big figures, institutional levels,

764
00:38:39,060 --> 00:38:41,610
okay, and you're looking for price

765
00:38:41,610 --> 00:38:44,490
within that range from those levels, to

766
00:38:44,490 --> 00:38:46,950
where prices traded at at highest high

767
00:38:47,040 --> 00:38:48,900
and lowest low and the same examples

768
00:38:48,900 --> 00:38:52,080
that we just showed here. Now, let's

769
00:38:52,080 --> 00:38:55,590
look at how price could be utilized.

770
00:38:59,130 --> 00:39:02,820
Skip this Boff. I'm going to show you

771
00:39:02,820 --> 00:39:06,960
how you can use it. Here and sync

772
00:39:06,960 --> 00:39:12,150
capacity. We're going to highlight the

773
00:39:14,940 --> 00:39:20,640
50 level here. Put out of your work and

774
00:39:20,640 --> 00:39:24,750
see it. Okay, read in here. And here's

775
00:39:24,750 --> 00:39:27,270
how we have price rally up down here. If

776
00:39:27,270 --> 00:39:31,530
you take your fib again, anchor it right

777
00:39:31,530 --> 00:39:33,150
on that level, and you're gonna pull it

778
00:39:33,150 --> 00:39:36,120
up to the highest high here. If price

779
00:39:36,120 --> 00:39:38,910
retraces down into that 79 to 62%

780
00:39:38,910 --> 00:39:41,850
retracement level right here, because

781
00:39:41,850 --> 00:39:43,140
we're moving out of the order block,

782
00:39:43,140 --> 00:39:44,400
this would be an opportunity for you to

783
00:39:44,400 --> 00:39:47,070
get in sync with the market move and

784
00:39:47,070 --> 00:39:49,230
catch, you know, the underlying trend of

785
00:39:49,230 --> 00:39:51,900
the marketplace using that same premise.

786
00:39:51,960 --> 00:39:54,510
And the idea is we moved away from the

787
00:39:54,510 --> 00:39:58,290
50 here, okay, and we made a high Okay,

788
00:39:58,320 --> 00:40:01,470
we're above that big Mid figure level

789
00:40:03,030 --> 00:40:04,860
price should not come back down to that

790
00:40:04,860 --> 00:40:06,630
level. But we have a range between the

791
00:40:06,630 --> 00:40:09,120
50 and the highest high here. As price

792
00:40:09,120 --> 00:40:11,370
dips down into that. Right there's an

793
00:40:11,370 --> 00:40:14,400
opportunity to be a buyer and get in

794
00:40:14,400 --> 00:40:16,620
sync with the overall existing trend.

795
00:40:17,490 --> 00:40:26,370
Okay. See that? Okay, we're looking at

796
00:40:26,370 --> 00:40:28,470
the Australian dollar and Japanese yen

797
00:40:28,500 --> 00:40:32,550
continuing with the theme of looking at

798
00:40:32,610 --> 00:40:36,630
pairs that are outside of the ICT normal

799
00:40:36,750 --> 00:40:39,540
spectrum, okay, and considered an exotic

800
00:40:39,540 --> 00:40:42,870
pair, if you will. This trade in here is

801
00:40:42,870 --> 00:40:45,390
one I took on a Live account, and you

802
00:40:45,390 --> 00:40:47,250
can see the results of that on Twitter.

803
00:40:48,420 --> 00:40:51,420
And you can find the link on the YouTube

804
00:40:51,810 --> 00:40:54,120
channel where it shows the results of

805
00:40:54,120 --> 00:40:59,850
it. And this price swing here I tweeted

806
00:40:59,850 --> 00:41:02,700
at asking everyone that were interested

807
00:41:02,910 --> 00:41:05,100
that if they would study this you could

808
00:41:05,100 --> 00:41:06,960
see where we were moving back into

809
00:41:07,200 --> 00:41:12,510
anticipated level of for our not sorry

810
00:41:12,870 --> 00:41:20,040
for our potential order block

811
00:41:20,550 --> 00:41:25,650
institutional. So as price moved lower

812
00:41:25,680 --> 00:41:27,540
shader right into that area right here.

813
00:41:27,810 --> 00:41:30,510
Okay. Now we have this price swing here

814
00:41:32,190 --> 00:41:34,830
and retracement. So if you take the

815
00:41:37,020 --> 00:41:39,270
range from here this low to this high

816
00:41:40,530 --> 00:41:42,750
sea price, we're here to seven nine

817
00:41:42,750 --> 00:41:46,860
centration level and we've dipped right

818
00:41:46,860 --> 00:41:49,800
inside that existing water block. So we

819
00:41:49,800 --> 00:41:54,450
have a range between 9123 and 9127. In

820
00:41:54,450 --> 00:41:57,540
here's a little difficult to see a

821
00:41:57,540 --> 00:41:59,010
movie, but you can see that the number

822
00:41:59,010 --> 00:42:00,660
was at so we're talking about that area

823
00:42:01,410 --> 00:42:05,610
in terms of four pips, okay variance. So

824
00:42:05,610 --> 00:42:07,890
at this point here in here it's about

825
00:42:07,890 --> 00:42:11,310
five pips difference so buying really at

826
00:42:11,310 --> 00:42:13,140
the 79 centration level plus the spread.

827
00:42:13,530 --> 00:42:17,670
Okay, we are still within very handsome

828
00:42:20,700 --> 00:42:23,010
we're only talking about 14 pips. Okay,

829
00:42:23,040 --> 00:42:26,940
so your trade should be allowing you at

830
00:42:26,940 --> 00:42:30,930
least 14 pips you know movement but

831
00:42:31,140 --> 00:42:32,580
that's for another video we're going to

832
00:42:32,580 --> 00:42:34,890
get to in terms of stop losses and such

833
00:42:34,890 --> 00:42:39,030
but catching along in here okay price

834
00:42:39,030 --> 00:42:43,800
rallies on up starts to move higher okay

835
00:42:43,800 --> 00:42:48,840
and then we have a nother area okay just

836
00:42:48,840 --> 00:42:50,490
keep a reference point at this point

837
00:42:50,490 --> 00:42:56,490
here. Right there probably make it

838
00:42:56,490 --> 00:42:56,850
bigger

839
00:43:03,090 --> 00:43:05,760
All right. So this is our reference

840
00:43:05,760 --> 00:43:08,040
point for the entry. Okay, on a longer

841
00:43:08,040 --> 00:43:11,940
term, price swing. So moving, moving

842
00:43:11,940 --> 00:43:14,130
higher, we have another order block,

843
00:43:14,640 --> 00:43:16,200
okay? Because we have a consolidation in

844
00:43:16,200 --> 00:43:18,840
here. Okay, we had this candle right

845
00:43:18,840 --> 00:43:22,620
there, this whole candle. So we're gonna

846
00:43:22,620 --> 00:43:27,780
look at that area. Okay, and we're gonna

847
00:43:30,210 --> 00:43:33,420
reference this little segment in price.

848
00:43:34,860 --> 00:43:36,600
Okay, and we're going to use the high

849
00:43:36,600 --> 00:43:40,680
end of it as our beginning point, and

850
00:43:40,680 --> 00:43:43,230
we're not going to buffer the lower end,

851
00:43:43,230 --> 00:43:45,120
but we're going to be very sensitive at

852
00:43:45,120 --> 00:43:47,310
9158 which is essentially what level

853
00:43:47,310 --> 00:43:52,680
guys 9160 Okay, so again, price

854
00:43:53,550 --> 00:43:55,950
maneuvers around a little bit, trades in

855
00:43:56,040 --> 00:43:58,230
continuously higher trades right down

856
00:43:58,230 --> 00:44:00,570
into that level. Okay, see, that's Right

857
00:44:00,570 --> 00:44:03,210
down into that. Now traders watching

858
00:44:03,210 --> 00:44:04,890
this that are not familiar with price

859
00:44:04,890 --> 00:44:08,040
action and institutional order flow and

860
00:44:08,040 --> 00:44:11,730
how prices move within specific defined

861
00:44:11,760 --> 00:44:14,370
ranges, they will be pretty much scared

862
00:44:14,370 --> 00:44:15,540
out of their mind, he would never even

863
00:44:15,540 --> 00:44:16,800
consider looking at that as a buying

864
00:44:16,800 --> 00:44:19,050
opportunity. Okay, but let's go back

865
00:44:19,050 --> 00:44:20,670
over and look at some essential tenants

866
00:44:20,670 --> 00:44:24,060
that we use in our concepts. We have a

867
00:44:24,060 --> 00:44:27,120
range low here to here. Okay, so we're

868
00:44:27,120 --> 00:44:30,300
trading with a fulfilled range premise

869
00:44:30,300 --> 00:44:32,850
in mind. Okay, so we have an area of

870
00:44:33,480 --> 00:44:37,860
9159 with a 9158. Okay, so we have one

871
00:44:37,860 --> 00:44:38,880
PIP variance. Do you think that's a

872
00:44:38,880 --> 00:44:40,650
confluence of support resistance ideas

873
00:44:40,650 --> 00:44:43,680
suggested right there. Sure. Okay. So we

874
00:44:43,680 --> 00:44:46,470
could be a buyer right in here. Okay, at

875
00:44:46,470 --> 00:44:48,090
that level plus the spread in terms of

876
00:44:48,090 --> 00:44:49,800
you want to be using a pending order for

877
00:44:49,800 --> 00:44:57,270
the limit. But let's reference. Let's

878
00:44:57,270 --> 00:45:00,600
get that off. We don't need it. Let's

879
00:45:00,600 --> 00:45:03,840
reference our previous example. Okay,

880
00:45:03,840 --> 00:45:07,770
where we used the support resistance

881
00:45:07,830 --> 00:45:10,470
idea and Fibonacci concepts for hidden

882
00:45:10,470 --> 00:45:12,960
optimal trade entry. Okay, so we have

883
00:45:13,140 --> 00:45:17,520
price rallying up here, okay? And we

884
00:45:17,520 --> 00:45:19,740
have the 50 level, which is down here.

885
00:45:20,730 --> 00:45:23,100
And we have what institutional level

886
00:45:23,100 --> 00:45:26,460
below that to 20. Okay, so we're going

887
00:45:26,460 --> 00:45:27,930
to look at two reference points there.

888
00:45:28,260 --> 00:45:31,770
So, we're just going to be building upon

889
00:45:31,830 --> 00:45:35,040
our understanding of how to find the

890
00:45:35,040 --> 00:45:40,140
range. Okay, we have 9120

891
00:45:46,080 --> 00:45:50,580
and 9150. Okay, so we're going to use

892
00:45:50,580 --> 00:45:52,650
our fib. We're gonna start with the

893
00:45:52,650 --> 00:45:54,180
lowest one here, just to give you an

894
00:45:54,180 --> 00:45:59,400
idea to the highest high prior to it

895
00:46:00,150 --> 00:46:01,680
Okay, and you can see how the 62%

896
00:46:01,680 --> 00:46:05,520
retracement level calls for 9155 Okay,

897
00:46:05,820 --> 00:46:07,950
so if you're buying with three pips

898
00:46:08,280 --> 00:46:09,930
sorry not three pips at a four PIP

899
00:46:09,930 --> 00:46:14,610
spread on the Aussie yen. You can get

900
00:46:14,610 --> 00:46:19,620
too long in here if you were utilizing

901
00:46:19,650 --> 00:46:25,410
the 9150 level, okay? They're calling

902
00:46:25,410 --> 00:46:29,490
for 91 63% nine saturation level and

903
00:46:29,490 --> 00:46:32,610
your sweet spot comes in and 9168 in

904
00:46:32,610 --> 00:46:34,350
here. Okay, so anywhere in here would be

905
00:46:34,350 --> 00:46:37,530
a nice buy and assume for a moment you

906
00:46:37,530 --> 00:46:40,740
use that one and you're just looking for

907
00:46:40,740 --> 00:46:42,030
the sweet spot at your actual entry

908
00:46:42,030 --> 00:46:45,600
point. To this old low we're looking at

909
00:46:45,600 --> 00:46:49,320
23 pips. Okay 23 pips risk with the

910
00:46:49,320 --> 00:46:52,470
understanding and expectation that price

911
00:46:52,470 --> 00:46:54,720
should not go down to that point. If it

912
00:46:54,720 --> 00:46:56,100
does, it's probably not a good trade.

913
00:46:56,280 --> 00:46:57,840
You won't be confused if it does and

914
00:46:57,840 --> 00:46:59,760
stops you out though. Okay to understand

915
00:46:59,760 --> 00:47:03,960
that If price goes to this low, the

916
00:47:03,960 --> 00:47:06,330
overall market structure that is implied

917
00:47:06,330 --> 00:47:09,240
here as being bullish, isn't so bullish

918
00:47:09,240 --> 00:47:11,040
and you'll probably see weaker prices.

919
00:47:11,070 --> 00:47:13,320
But in this case, we're we're building a

920
00:47:13,320 --> 00:47:15,300
premise that this is an area of expected

921
00:47:16,200 --> 00:47:18,570
buying opportunity with the actual

922
00:47:18,930 --> 00:47:21,480
release in price here, okay? Again,

923
00:47:21,480 --> 00:47:23,580
public traders don't make price move

924
00:47:23,580 --> 00:47:25,350
like this. Okay, there's only gonna be

925
00:47:25,350 --> 00:47:26,580
done by institutional traders. So

926
00:47:26,580 --> 00:47:28,020
they're gonna drive it up like that.

927
00:47:29,580 --> 00:47:32,520
Price monkeys around, and again, this is

928
00:47:32,520 --> 00:47:34,140
a 15 minute time frame, so you can

929
00:47:34,170 --> 00:47:37,680
utilize a smaller five minute basis.

930
00:47:39,270 --> 00:47:42,240
Take this off, okay. So you can have

931
00:47:42,270 --> 00:47:44,130
price bouncing here. If you drill down

932
00:47:44,130 --> 00:47:45,300
to a five minute chart, you can actually

933
00:47:45,300 --> 00:47:48,090
see that same event unfolding right

934
00:47:48,090 --> 00:47:51,120
here. Okay, with an optimal trade entry,

935
00:47:51,120 --> 00:47:52,290
which we're not going to go down to a

936
00:47:52,290 --> 00:47:54,780
five minute chart because, again, these

937
00:47:54,780 --> 00:47:58,050
videos are getting larger. By the time

938
00:47:58,590 --> 00:48:04,020
I'm done, I end up with you No. Huge you

939
00:48:04,020 --> 00:48:05,280
can see it goes right down to that.

940
00:48:06,780 --> 00:48:15,510
satellites and treatment level. Okay.

941
00:48:16,830 --> 00:48:22,680
Now let's zoom in I want to, I want to

942
00:48:22,680 --> 00:48:26,520
give you that as an example, right in

943
00:48:26,520 --> 00:48:28,680
here. This is that same little

944
00:48:29,070 --> 00:48:30,630
consolidation we just worked within.

945
00:48:33,030 --> 00:48:39,930
Let's use our reference point 9150

946
00:48:39,930 --> 00:48:41,610
again, okay, and then we're just as an

947
00:48:41,610 --> 00:48:46,470
unfulfilled range application. Okay, so

948
00:48:46,470 --> 00:48:51,510
we're have 250 level. Put a fit on that

949
00:48:51,510 --> 00:48:53,730
anchor pulled up to highest high that

950
00:48:53,730 --> 00:48:56,130
we're seeing a retracement within. Okay,

951
00:48:56,190 --> 00:48:59,760
and then as price comes back down 9160

952
00:48:59,760 --> 00:49:03,750
level Plus the four pips spread, that

953
00:49:03,750 --> 00:49:05,430
would be an area to be a buyer, which

954
00:49:05,430 --> 00:49:07,890
would be up in here. And you can see

955
00:49:07,890 --> 00:49:11,010
price did in fact move on from there.

956
00:49:13,080 --> 00:49:16,410
Again just giving you additional

957
00:49:16,650 --> 00:49:19,980
opportunities to see this effect. And

958
00:49:20,100 --> 00:49:22,080
again, this is a smaller little look at

959
00:49:22,080 --> 00:49:24,060
a five minute chart you can actually see

960
00:49:24,060 --> 00:49:26,910
the order flow and water block in here,

961
00:49:27,180 --> 00:49:29,790
but this candle prior to move up, it

962
00:49:29,790 --> 00:49:31,020
moved back into that same candle here

963
00:49:31,020 --> 00:49:33,090
prior to moving higher, much the same

964
00:49:33,090 --> 00:49:35,670
way did here we have this bearish candle

965
00:49:35,670 --> 00:49:37,920
prior to move out, go down to a five

966
00:49:37,920 --> 00:49:39,330
minute time frame to see out price move

967
00:49:39,330 --> 00:49:41,880
back into that order block here and move

968
00:49:42,420 --> 00:49:48,330
higher. Okay, and zoom out. Let's go

969
00:49:48,330 --> 00:49:50,610
back to our reference points of entry.

970
00:49:52,020 --> 00:49:56,310
We have this one here and the this one

971
00:49:56,310 --> 00:49:56,730
here.

972
00:50:01,860 --> 00:50:06,030
Okay, and now we have another

973
00:50:06,030 --> 00:50:18,810
opportunity to see another aisle trade

974
00:50:18,810 --> 00:50:24,930
entry here using this range. So we'll

975
00:50:24,930 --> 00:50:25,950
move this over so you can see a little

976
00:50:25,950 --> 00:50:29,400
bit clear. Okay, we have the low here,

977
00:50:30,330 --> 00:50:32,340
trading back down. Now as price moves

978
00:50:32,370 --> 00:50:35,310
off that that larger order block level

979
00:50:36,990 --> 00:50:39,060
price is starting to retrace, would we

980
00:50:39,060 --> 00:50:40,530
expect it to come back down to there?

981
00:50:40,770 --> 00:50:43,050
Obviously in an ideal world, we don't

982
00:50:43,050 --> 00:50:44,910
want to see that happening. So what do

983
00:50:44,910 --> 00:50:47,430
we have? We have defined range, the

984
00:50:47,430 --> 00:50:53,880
range being this high No dude here

985
00:50:55,440 --> 00:50:56,280
in the low

986
00:50:59,070 --> 00:51:06,990
right there 91 58 sorry, 9156 I'm using

987
00:51:06,990 --> 00:51:08,760
the actual candle low. So we have a

988
00:51:08,760 --> 00:51:10,410
range between these two price points as

989
00:51:10,410 --> 00:51:12,750
price rallies away from that order block

990
00:51:12,750 --> 00:51:15,510
level and it starts to retrace. We don't

991
00:51:15,510 --> 00:51:17,130
want to really see it come back down it

992
00:51:17,130 --> 00:51:20,550
can it sure can. Okay. But ideally, you

993
00:51:20,550 --> 00:51:22,320
want to be hunting a price pattern in

994
00:51:22,320 --> 00:51:24,690
here to get long with that premise in

995
00:51:24,690 --> 00:51:27,180
mind looking for higher prices to ensue.

996
00:51:27,840 --> 00:51:31,290
And you see that happening here. Okay.

997
00:51:32,040 --> 00:51:35,250
Again, same premise in mind. We have

998
00:51:35,250 --> 00:51:41,130
higher prices expected. We have an

999
00:51:41,130 --> 00:51:44,010
understanding of institutional order

1000
00:51:44,010 --> 00:51:49,530
flow. We're going to hunt to

1001
00:51:49,530 --> 00:51:52,800
opportunities in here. We have this

1002
00:51:52,800 --> 00:51:57,030
level we're here 9211. Prices rallying

1003
00:51:57,030 --> 00:52:01,140
up starts to retrace Okay, you're still

1004
00:52:01,140 --> 00:52:03,120
overall bullish. So what are you gonna

1005
00:52:03,120 --> 00:52:05,070
be looking for retracement back down to

1006
00:52:05,550 --> 00:52:07,590
60 to 70 centration level, you get that

1007
00:52:07,590 --> 00:52:13,650
right here. Okay. And if you use our

1008
00:52:16,140 --> 00:52:19,590
unfulfilled range concepts here we

1009
00:52:19,590 --> 00:52:22,530
expect price not to come back down to

1010
00:52:22,530 --> 00:52:25,980
the institutional level price trades

1011
00:52:25,980 --> 00:52:28,080
right to what level to sweet spot boom

1012
00:52:28,950 --> 00:52:32,850
and rise up. So both are ideally

1013
00:52:32,880 --> 00:52:34,530
suggesting that's a buy area anywhere

1014
00:52:34,530 --> 00:52:38,730
between 90 to 4590 to 40 level. So add

1015
00:52:38,730 --> 00:52:40,050
your spread to it and that'd be an entry

1016
00:52:40,050 --> 00:52:43,680
point and then price against the move on

1017
00:52:43,680 --> 00:52:46,950
up. Even even this

1018
00:52:53,850 --> 00:52:55,500
this example here we're gonna have a

1019
00:52:55,500 --> 00:52:58,620
look at here in a second. This stuff off

1020
00:52:58,620 --> 00:53:02,580
the chart, we have another Small even

1021
00:53:02,610 --> 00:53:04,770
again, this is a 15 minute chart but if

1022
00:53:04,770 --> 00:53:06,000
you go down to a five minute chart

1023
00:53:06,000 --> 00:53:08,880
you'll see this as another order block.

1024
00:53:12,030 --> 00:53:14,280
Okay, so as price moves down into that

1025
00:53:14,280 --> 00:53:17,430
level here let's use our

1026
00:53:27,060 --> 00:53:36,060
here's our low range high. Okay. So

1027
00:53:36,060 --> 00:53:38,400
essentially 100 PIP move between the two

1028
00:53:38,400 --> 00:53:44,580
points for us the low to high price

1029
00:53:44,580 --> 00:53:46,110
comes right down into that 62%

1030
00:53:46,110 --> 00:53:47,400
retracement level and what does it do?

1031
00:53:47,610 --> 00:53:53,130
returned back higher. Now ultimately,

1032
00:53:53,310 --> 00:53:56,400
going into the weekend, we had a rather

1033
00:53:56,400 --> 00:54:00,360
large weekend gap but in here, just here

1034
00:54:00,360 --> 00:54:06,150
alone on Friday I'm talking about Friday

1035
00:54:06,150 --> 00:54:09,510
prior to this recording, you have an

1036
00:54:09,510 --> 00:54:11,850
opportunity to see a range in terms of

1037
00:54:11,850 --> 00:54:14,880
pips of 54 pips comfortably pulling out

1038
00:54:14,910 --> 00:54:18,690
obviously a 25 to 30 pips is not without

1039
00:54:20,460 --> 00:54:21,750
the realm of possibility.

1040
00:54:27,810 --> 00:54:31,140
Okay, so you can see just in one pair

1041
00:54:32,400 --> 00:54:35,040
and it's got a 30 minute chart you can

1042
00:54:35,040 --> 00:54:43,230
see do overall price action and actually

1043
00:54:43,230 --> 00:54:45,210
goes down to 15 minutes or a little bit

1044
00:54:45,210 --> 00:54:49,050
cleaner. There's the overall price

1045
00:54:49,050 --> 00:54:50,070
structure what's happened.

1046
00:54:51,540 --> 00:54:52,080
Okay.

1047
00:54:53,130 --> 00:54:57,510
And numbers Friday's weekly high. And

1048
00:54:57,840 --> 00:55:01,290
here's Monday's low on the week two,

1049
00:55:01,290 --> 00:55:02,820
they given you opportunities to trade

1050
00:55:04,950 --> 00:55:08,190
and because this is a yen pair and it's

1051
00:55:08,190 --> 00:55:10,950
an Aussie yen pair it it really will be

1052
00:55:10,950 --> 00:55:13,170
looking to make higher lows during the

1053
00:55:13,200 --> 00:55:15,840
asian session. Okay, and if you look at

1054
00:55:15,840 --> 00:55:20,040
the asian session on this week, we have

1055
00:55:21,240 --> 00:55:23,940
this area here where price was making it

1056
00:55:23,940 --> 00:55:27,390
slow for Tuesday and during the asian

1057
00:55:27,390 --> 00:55:29,970
session to low on Wednesday was formed

1058
00:55:29,970 --> 00:55:32,280
during the asian session and the low was

1059
00:55:32,280 --> 00:55:37,110
formed on this this particular day comes

1060
00:55:37,110 --> 00:55:41,670
in at the agent session as well. Okay.

1061
00:55:41,910 --> 00:55:44,070
So against understanding your pair

1062
00:55:44,070 --> 00:55:46,200
personalities and what characteristics

1063
00:55:46,200 --> 00:55:48,120
go along with those particular pairs and

1064
00:55:48,120 --> 00:55:52,170
what what that animal does during the

1065
00:55:52,170 --> 00:55:54,600
trading 24 hour period that we we like

1066
00:55:54,600 --> 00:55:58,290
to call it the Forex day because these

1067
00:55:58,290 --> 00:56:01,230
are countries that are operating in our

1068
00:56:01,230 --> 00:56:03,630
business around those times of the day,

1069
00:56:03,930 --> 00:56:05,940
it's the beginning of their financial

1070
00:56:05,940 --> 00:56:09,510
day. So it's important that they see

1071
00:56:09,750 --> 00:56:12,390
security or particular market moves. And

1072
00:56:12,510 --> 00:56:15,210
obviously signaling the significant

1073
00:56:15,210 --> 00:56:18,660
highs and lows is, is one of the central

1074
00:56:19,230 --> 00:56:22,350
characteristics to those pairs. much in

1075
00:56:22,350 --> 00:56:23,790
the same way we see the British Pound in

1076
00:56:23,790 --> 00:56:26,430
euro form, its daily, higher low on

1077
00:56:26,430 --> 00:56:28,020
daily range during the London session,

1078
00:56:28,020 --> 00:56:29,280
because that's generally when they're

1079
00:56:29,550 --> 00:56:30,960
coming online. Okay.

1080
00:56:31,980 --> 00:56:32,490
So

1081
00:56:32,520 --> 00:56:34,140
hopefully these examples have been

1082
00:56:34,140 --> 00:56:36,450
useful to you. Go over them, study them,

1083
00:56:36,450 --> 00:56:38,040
and then obviously use the same premise

1084
00:56:38,400 --> 00:56:40,590
and studying your own charts on a live

1085
00:56:40,590 --> 00:56:44,070
basis. And you I promise, you put two

1086
00:56:44,070 --> 00:56:46,560
three months into starch chart study

1087
00:56:46,680 --> 00:56:48,780
using these concepts, you're going to

1088
00:56:48,780 --> 00:56:50,790
start seeing as a whole different world

1089
00:56:50,790 --> 00:56:53,370
of price action that's available to you.

1090
00:56:53,490 --> 00:56:55,290
And that's really found nowhere else.

1091
00:56:55,320 --> 00:56:58,290
It's an ICT exclusive and I hope it's

1092
00:56:58,290 --> 00:57:01,140
been a blessing to you as It was for

1093
00:57:01,170 --> 00:57:02,460
almost two decades for me.

1094
00:57:12,090 --> 00:57:15,720
Alright guys, every single forex trader

1095
00:57:15,750 --> 00:57:18,870
out there wants to see their trade

1096
00:57:18,870 --> 00:57:21,360
become profitable. But before that can

1097
00:57:21,360 --> 00:57:23,610
happen, you need to understand what it

1098
00:57:23,610 --> 00:57:27,030
requires of you as a trader, to learn to

1099
00:57:27,030 --> 00:57:29,460
anticipate price moves. It's one thing

1100
00:57:29,460 --> 00:57:32,370
to expect to make money. And it's all

1101
00:57:32,370 --> 00:57:34,350
together something else to expect to be

1102
00:57:35,040 --> 00:57:38,040
accurate with your analysis. And one of

1103
00:57:38,040 --> 00:57:40,770
the hardest things and I mean this

1104
00:57:40,770 --> 00:57:42,810
sincerely, one of the hardest things for

1105
00:57:42,810 --> 00:57:45,420
me as a trader, is the profit taking,

1106
00:57:45,750 --> 00:57:48,240
okay, because I've been doing this for

1107
00:57:48,240 --> 00:57:50,790
almost 20 years, and my analysis

1108
00:57:50,790 --> 00:57:55,470
concepts are very, very strong, but the

1109
00:57:55,470 --> 00:57:58,650
human element behind them sometimes I

1110
00:57:58,650 --> 00:58:02,040
want to over trade the tools because

1111
00:58:02,040 --> 00:58:04,800
either a hunch or a gut feeling. And

1112
00:58:04,830 --> 00:58:06,660
it's something that I have to suppress

1113
00:58:06,660 --> 00:58:08,490
as a trader, because sometimes I think

1114
00:58:08,490 --> 00:58:10,440
I'm smarter than my tools. And that's

1115
00:58:10,470 --> 00:58:13,380
where my ego comes in. Okay, so I've had

1116
00:58:13,380 --> 00:58:17,520
to really, you know, hammer out a, an

1117
00:58:17,520 --> 00:58:20,190
application of when do I take profits?

1118
00:58:20,520 --> 00:58:23,250
Now, early on, much like every other

1119
00:58:23,250 --> 00:58:25,200
trader, if you go into this business,

1120
00:58:25,290 --> 00:58:27,750
and you encounter immediate

1121
00:58:28,020 --> 00:58:30,480
profitability, whether it be short term

1122
00:58:30,480 --> 00:58:31,830
or intermediate term or long term

1123
00:58:31,830 --> 00:58:34,440
success in terms of duration, that's not

1124
00:58:34,440 --> 00:58:35,790
the point. The point is, is if you go

1125
00:58:35,790 --> 00:58:38,610
into it and start making money, the

1126
00:58:38,610 --> 00:58:40,740
premise is that you're always going to

1127
00:58:40,740 --> 00:58:42,960
be making money and your trades are

1128
00:58:42,960 --> 00:58:45,030
therefore going to be profitable. And

1129
00:58:45,150 --> 00:58:47,460
especially if you get these extrapolated

1130
00:58:47,460 --> 00:58:50,610
profits, okay, really big targets. It

1131
00:58:50,610 --> 00:58:51,990
kind of lulls you into thinking that

1132
00:58:51,990 --> 00:58:53,850
that's the norm. Okay. And what will

1133
00:58:53,850 --> 00:58:55,950
happen is as many times if your tool

1134
00:58:55,950 --> 00:58:58,650
suggests it's going to be 80 PIP run up

1135
00:59:00,300 --> 00:59:01,650
You're going to hold for 80 pips or

1136
00:59:01,650 --> 00:59:03,120
maybe even at two or three trying to

1137
00:59:03,120 --> 00:59:04,740
squeeze that last bit of juice out of

1138
00:59:04,740 --> 00:59:08,610
that lemon. I have done that many, many

1139
00:59:08,640 --> 00:59:11,130
times. And I've watched my really good

1140
00:59:11,130 --> 00:59:13,890
trades turn into mediocre trades to

1141
00:59:13,890 --> 00:59:16,050
break even trades and beginning of

1142
00:59:16,050 --> 00:59:17,730
trading I love I've actually watched

1143
00:59:17,730 --> 00:59:20,580
them go into net losses, severely net

1144
00:59:20,580 --> 00:59:23,550
losses, okay, because much like anyone

1145
00:59:23,550 --> 00:59:26,580
else I was, you know, prone to the same

1146
00:59:26,580 --> 00:59:28,530
pitfalls everyone else has encountered

1147
00:59:28,530 --> 00:59:30,270
in trading. And I didn't have any kind

1148
00:59:30,270 --> 00:59:32,400
of mentors until Larry Williams. So I

1149
00:59:32,400 --> 00:59:33,990
kind of like fumbled around in the

1150
00:59:33,990 --> 00:59:36,090
markets until, you know, I got with

1151
00:59:36,120 --> 00:59:37,980
someone that knew a little bit of

1152
00:59:38,490 --> 00:59:39,960
technical analysis. I think everyone

1153
00:59:39,960 --> 00:59:41,670
would agree that technical analysis and

1154
00:59:41,670 --> 00:59:44,940
Larry whims go hand in hand. So that was

1155
00:59:44,940 --> 00:59:47,310
like my foundation. And I realized that,

1156
00:59:47,370 --> 00:59:50,160
you know, I could be right on a lot of

1157
00:59:50,160 --> 00:59:52,470
the market moves but I would be wrong at

1158
00:59:52,470 --> 00:59:55,080
my profitable exits because I would be

1159
00:59:55,320 --> 00:59:57,330
greedy and hold on to the absolute

1160
00:59:57,330 --> 01:00:02,130
highest point and it My goal in this

1161
01:00:03,090 --> 01:00:03,660
episode

1162
01:00:04,620 --> 01:00:08,100
is really to communicate this as best I

1163
01:00:08,100 --> 01:00:10,590
possibly can. You do not need every

1164
01:00:10,590 --> 01:00:14,160
piece of that move. Okay? You don't need

1165
01:00:14,190 --> 01:00:17,640
every PIP in every swing. You need to

1166
01:00:17,640 --> 01:00:18,060
need

1167
01:00:19,109 --> 01:00:19,739
pips.

1168
01:00:20,459 --> 01:00:22,409
Okay? And I don't want to really define

1169
01:00:22,409 --> 01:00:24,689
it for anyone, but you just need pips.

1170
01:00:24,869 --> 01:00:27,509
Okay, and I'll give you some ideas on

1171
01:00:27,509 --> 01:00:29,489
how to frame that. What is your

1172
01:00:29,489 --> 01:00:31,439
objective? Well, it depends on what type

1173
01:00:31,439 --> 01:00:33,239
of trader you're going to be. This

1174
01:00:34,499 --> 01:00:36,989
series is designed for getting that one

1175
01:00:37,079 --> 01:00:41,129
shot, one kill for the week. Okay, that

1176
01:00:41,129 --> 01:00:42,539
means you're literally looking for an

1177
01:00:42,569 --> 01:00:44,939
out really cheery opportunity to be

1178
01:00:44,939 --> 01:00:47,459
trading one time for the entire week.

1179
01:00:47,699 --> 01:00:49,859
Okay? Because if you can't do that,

1180
01:00:50,369 --> 01:00:51,929
you're not going to be able to handle

1181
01:00:51,929 --> 01:00:53,759
yourself trading every single day as a

1182
01:00:53,759 --> 01:00:55,169
day trader, because you're gonna be

1183
01:00:55,169 --> 01:00:57,539
doing things before you should. You can

1184
01:00:57,539 --> 01:00:59,279
be buying more or selling more than you

1185
01:00:59,279 --> 01:01:01,649
should you doing everything wrong, okay,

1186
01:01:01,649 --> 01:01:03,359
because you haven't developed the

1187
01:01:03,359 --> 01:01:05,459
discipline that's necessary for you to

1188
01:01:05,459 --> 01:01:08,729
be able to adhere to a set of rules. And

1189
01:01:08,729 --> 01:01:11,099
yes, there are rules of engagement that

1190
01:01:11,099 --> 01:01:13,199
you have to have as a trader. Okay, this

1191
01:01:13,199 --> 01:01:15,629
whole trading series is themed around

1192
01:01:15,629 --> 01:01:17,879
the military aspect. And I purposely

1193
01:01:17,879 --> 01:01:20,369
chose that because that's what I had to

1194
01:01:20,369 --> 01:01:23,939
do to myself, because it's one thing for

1195
01:01:23,939 --> 01:01:26,549
me to make these videos and the majority

1196
01:01:26,549 --> 01:01:28,409
of everyone out there thinks that I'm

1197
01:01:28,409 --> 01:01:32,039
this new, cold calculated market wizard,

1198
01:01:32,159 --> 01:01:34,979
okay? And I never make mistakes. I make

1199
01:01:34,979 --> 01:01:37,859
mistakes. Okay. My presentations are

1200
01:01:37,859 --> 01:01:41,819
geared to you as a learning tool to

1201
01:01:41,819 --> 01:01:44,129
avoid many of the things that I did

1202
01:01:44,129 --> 01:01:45,809
early in my trading and some of the

1203
01:01:45,809 --> 01:01:47,699
things I still have to deal with on a

1204
01:01:47,699 --> 01:01:50,249
daily basis as a trader, and that one

1205
01:01:50,309 --> 01:01:54,509
particular thing is profits. If you do

1206
01:01:54,509 --> 01:01:57,779
not have a predetermined exit point

1207
01:01:58,409 --> 01:02:01,049
before you even get in the trade I

1208
01:02:01,049 --> 01:02:03,809
promise you, you will be plagued with

1209
01:02:03,809 --> 01:02:05,969
this problem. And it may sound like a

1210
01:02:05,969 --> 01:02:07,649
good problem to have when you get out

1211
01:02:07,649 --> 01:02:09,239
with profits. But I'm gonna tell you if

1212
01:02:09,239 --> 01:02:10,679
you have been trading long those of you

1213
01:02:10,679 --> 01:02:11,819
who have been trading for a while know

1214
01:02:11,819 --> 01:02:14,009
exactly what I'm talking about your

1215
01:02:14,009 --> 01:02:16,529
winning trades if you exit them and

1216
01:02:16,529 --> 01:02:19,589
continue to move 60 7200 pips more than

1217
01:02:19,589 --> 01:02:23,219
you got out at, are you right? Chances

1218
01:02:23,219 --> 01:02:24,749
are you're going to define your trade as

1219
01:02:24,779 --> 01:02:27,509
not right? profitable, yes, but you're

1220
01:02:27,509 --> 01:02:29,099
not right. So you're going to wrestle

1221
01:02:29,099 --> 01:02:30,989
with that idea. Okay, you're going to

1222
01:02:30,989 --> 01:02:33,269
argue with it, thinking, Hey, you know,

1223
01:02:33,659 --> 01:02:35,309
I didn't do something right. I could

1224
01:02:35,309 --> 01:02:37,379
have made a lot more pips. Instead of

1225
01:02:37,379 --> 01:02:39,359
the saying, You know what? I saw an

1226
01:02:39,359 --> 01:02:41,759
opportunity. I executed, I follow my

1227
01:02:41,759 --> 01:02:44,099
plan, and I exited at a predetermined

1228
01:02:44,099 --> 01:02:46,499
level. There should be no shame in that.

1229
01:02:47,129 --> 01:02:50,099
Zero shaming, but many of you will still

1230
01:02:50,609 --> 01:02:52,499
arm wrestle yourself. beat yourself up.

1231
01:02:52,499 --> 01:02:54,179
Say Man, I wish I would have done that

1232
01:02:54,179 --> 01:02:55,799
that would have paid for the 16 losing

1233
01:02:55,799 --> 01:02:59,309
trades ahead last few months. But you

1234
01:02:59,309 --> 01:03:02,489
have to disciplined, you absolutely have

1235
01:03:02,489 --> 01:03:05,489
to have that, in your repertoire in your

1236
01:03:05,489 --> 01:03:07,709
game plan in your trading plan, you have

1237
01:03:07,709 --> 01:03:09,569
to have it. Because if you don't have

1238
01:03:09,569 --> 01:03:11,639
it, I can tell you as almost a two

1239
01:03:11,639 --> 01:03:14,459
decade veteran in trading, that is one

1240
01:03:14,459 --> 01:03:17,429
of the most hardest things for traders

1241
01:03:17,429 --> 01:03:20,279
to overcome. I can be wildly profitable,

1242
01:03:21,359 --> 01:03:24,869
but I don't have it right every single

1243
01:03:24,869 --> 01:03:27,659
time. And it's the times that I hold on

1244
01:03:27,659 --> 01:03:30,959
for that 75 PIP move when I'm already

1245
01:03:30,959 --> 01:03:34,739
banked 60 pips in the first half of the

1246
01:03:34,739 --> 01:03:37,169
trade, and I'm holding out for 75 for my

1247
01:03:37,169 --> 01:03:38,939
second target or more final collapsing

1248
01:03:38,999 --> 01:03:42,929
of the open position. I may be seeing

1249
01:03:42,959 --> 01:03:45,029
maybe the spread just before it gets me

1250
01:03:45,029 --> 01:03:46,949
out. And I'll hold on to that thinking

1251
01:03:46,949 --> 01:03:48,509
that I'm going to get that trade. Then

1252
01:03:48,509 --> 01:03:50,039
it comes back and knocks me about you

1253
01:03:50,039 --> 01:03:51,269
know, at 60 pips for the remaining

1254
01:03:51,269 --> 01:03:53,069
portion. There's nothing wrong with

1255
01:03:53,069 --> 01:03:55,619
that. But internally I wrestle with that

1256
01:03:55,619 --> 01:03:57,179
thinking I should have just collapsed it

1257
01:03:57,179 --> 01:03:59,549
when I, you know, had 60 pips together

1258
01:03:59,549 --> 01:04:00,959
and now I'm on armwrestling myself

1259
01:04:00,959 --> 01:04:02,609
internally, you know, I'll be driving on

1260
01:04:02,609 --> 01:04:04,169
the road going to the store going to the

1261
01:04:04,169 --> 01:04:06,149
movies or going to a Redbox and get a

1262
01:04:06,149 --> 01:04:09,059
DVD for the night. And these things

1263
01:04:09,059 --> 01:04:11,999
plagued me, okay, because I have OCD, I

1264
01:04:11,999 --> 01:04:14,999
completely understand obsessive

1265
01:04:15,029 --> 01:04:17,459
compulsive disorder, I live it. Okay. So

1266
01:04:17,849 --> 01:04:20,969
if you don't have that, if you trade

1267
01:04:20,969 --> 01:04:22,589
long enough, you might develop it.

1268
01:04:23,009 --> 01:04:24,569
Because what'll happen is is you're

1269
01:04:24,569 --> 01:04:28,139
gonna overanalyze everything you do, and

1270
01:04:28,139 --> 01:04:30,479
that's a good thing as a learning tool.

1271
01:04:30,749 --> 01:04:33,629
Okay? But once you really adopt an idea

1272
01:04:33,629 --> 01:04:34,829
what you should be doing as a trading

1273
01:04:35,009 --> 01:04:37,319
plan. You don't really want to

1274
01:04:37,319 --> 01:04:39,239
overanalyze it, you want to stay within

1275
01:04:39,239 --> 01:04:41,579
those parameters. Okay. And that starts

1276
01:04:41,579 --> 01:04:44,099
with number one, having an idea of where

1277
01:04:44,099 --> 01:04:45,179
you're going to get out at when the

1278
01:04:45,179 --> 01:04:48,029
trades moved in your favor. Okay. That's

1279
01:04:48,029 --> 01:04:51,359
not a limitation. Do not view exiting a

1280
01:04:51,359 --> 01:04:53,969
trade at 60 pips profit pre determined

1281
01:04:53,969 --> 01:04:56,429
before you even put the trade on, and it

1282
01:04:56,429 --> 01:04:58,409
moves 90 pips or hundred pips beyond

1283
01:04:58,409 --> 01:05:00,599
that. Okay. Do not do that. That as

1284
01:05:00,599 --> 01:05:02,939
weakness, okay, do not,

1285
01:05:03,150 --> 01:05:04,290
because I'm gonna tell you right now, if

1286
01:05:04,290 --> 01:05:07,500
you do that every single week, or three

1287
01:05:07,500 --> 01:05:11,460
times a month, you are in the Upper 5%

1288
01:05:11,820 --> 01:05:14,850
of forex traders, because 90% of them

1289
01:05:14,880 --> 01:05:16,830
don't make money. They aren't

1290
01:05:16,830 --> 01:05:18,540
consistent. They can't even find the

1291
01:05:18,540 --> 01:05:20,160
right time to get into trades. Okay? And

1292
01:05:20,160 --> 01:05:21,540
I don't mean that for some of you who

1293
01:05:21,540 --> 01:05:22,590
are watching this, I'm not trying to

1294
01:05:22,590 --> 01:05:24,060
beat you up or make you feel silly or,

1295
01:05:24,210 --> 01:05:27,720
or you know, uneducated. Okay. I'm just

1296
01:05:27,720 --> 01:05:30,720
trying to illustrate the point that you

1297
01:05:30,720 --> 01:05:33,300
need to change your thought process

1298
01:05:33,450 --> 01:05:36,270
about taking profits, okay, before you

1299
01:05:36,300 --> 01:05:38,040
even start implementing these tools,

1300
01:05:38,310 --> 01:05:39,960
because if you don't give yourself the

1301
01:05:39,990 --> 01:05:42,720
permission to have a predetermine exit

1302
01:05:42,720 --> 01:05:46,110
point and be content with that, you can

1303
01:05:46,140 --> 01:05:48,330
slowly develop into Bigger Longer term

1304
01:05:48,360 --> 01:05:50,910
profit objectives, okay? But for now,

1305
01:05:50,970 --> 01:05:53,490
let's just deal with this head on and

1306
01:05:53,490 --> 01:05:55,110
understand that whatever profit

1307
01:05:57,390 --> 01:06:00,000
opportunities you have pre determined in

1308
01:06:00,000 --> 01:06:01,950
Your trading plan. Those are what you're

1309
01:06:01,950 --> 01:06:04,020
sticking to come hell or high water.

1310
01:06:04,230 --> 01:06:05,910
That's what you're going to do. Okay.

1311
01:06:05,910 --> 01:06:08,370
And then obviously, you can tweak it

1312
01:06:08,370 --> 01:06:11,190
later on, that builds upon sound

1313
01:06:11,310 --> 01:06:13,770
information and ideas and build a

1314
01:06:13,770 --> 01:06:16,350
premise around. But until we get to that

1315
01:06:16,350 --> 01:06:18,000
point, we have to have a foundation. And

1316
01:06:18,000 --> 01:06:19,620
this is a very, very strong foundation.

1317
01:06:20,340 --> 01:06:22,320
This is one of the things I instill in

1318
01:06:22,320 --> 01:06:24,210
my own trading. And it made a huge

1319
01:06:24,210 --> 01:06:25,950
impact in my overall profitability and

1320
01:06:25,950 --> 01:06:28,830
consistency. So now let's talk about

1321
01:06:28,830 --> 01:06:31,230
price swings. Because obviously, without

1322
01:06:31,230 --> 01:06:33,420
understanding what you're dealing with,

1323
01:06:33,480 --> 01:06:35,310
when a price level scale, you're not

1324
01:06:35,310 --> 01:06:36,930
going to understand where profits should

1325
01:06:36,930 --> 01:06:39,570
be taken. Now, if you look at this crude

1326
01:06:39,600 --> 01:06:41,730
diagram, I agree, okay, but it's gonna

1327
01:06:41,730 --> 01:06:43,650
accomplish the method nonetheless, we

1328
01:06:43,650 --> 01:06:45,240
have a small little minor price swing

1329
01:06:45,240 --> 01:06:48,300
here, we have a intermediate term price

1330
01:06:48,300 --> 01:06:50,130
swing and maybe even a longer term price

1331
01:06:50,130 --> 01:06:53,040
swing. Okay? Now, it's not really

1332
01:06:53,340 --> 01:06:55,170
important as to what timeframe This is

1333
01:06:55,170 --> 01:06:56,610
because it's universal. it's applicable

1334
01:06:56,640 --> 01:06:58,590
all timeframes, but we're going to say

1335
01:06:58,590 --> 01:07:02,280
for instance, This is possibly a five

1336
01:07:02,280 --> 01:07:03,990
minute chart. Okay, and this is the

1337
01:07:03,990 --> 01:07:06,210
beginning of a new day, you've hunted a

1338
01:07:06,210 --> 01:07:08,070
set up, and maybe this is going into the

1339
01:07:08,070 --> 01:07:10,650
London kill zone. And you've expected

1340
01:07:10,650 --> 01:07:13,380
some level of support down here. Okay,

1341
01:07:13,440 --> 01:07:15,480
and you have to Apollo, I have to

1342
01:07:15,480 --> 01:07:17,910
apologize up ahead of this, because I'm

1343
01:07:17,910 --> 01:07:19,290
not going to be spending a whole lot of

1344
01:07:19,290 --> 01:07:20,670
time dressing us up with a lot of

1345
01:07:20,670 --> 01:07:22,470
lipstick as I did the previous ones,

1346
01:07:22,470 --> 01:07:25,980
because, quite frankly, I am spending a

1347
01:07:25,980 --> 01:07:28,470
lot of time on these videos. And even

1348
01:07:28,470 --> 01:07:29,490
though you're getting the playback of

1349
01:07:29,490 --> 01:07:31,890
about two hours and such, it's taking me

1350
01:07:31,890 --> 01:07:33,330
about nine hours to produce these

1351
01:07:33,330 --> 01:07:35,760
things. So I'm trying to keep it short

1352
01:07:35,760 --> 01:07:36,780
and sweet. And even though it's not

1353
01:07:36,780 --> 01:07:38,550
gonna be that short and sweet on the

1354
01:07:38,550 --> 01:07:40,950
viewing side of it. But assuming there's

1355
01:07:40,950 --> 01:07:42,720
some kind of support level, or premise

1356
01:07:42,720 --> 01:07:43,710
that you think this is going to go

1357
01:07:43,710 --> 01:07:45,540
higher, okay? We're not dealing with the

1358
01:07:45,540 --> 01:07:46,710
entry points here we're dealing with

1359
01:07:46,710 --> 01:07:50,490
targeting. Assuming that you get in here

1360
01:07:50,520 --> 01:07:53,550
on a minor pullback, okay, and something

1361
01:07:53,580 --> 01:07:56,340
set up this opportunity is a buy. Okay,

1362
01:07:56,610 --> 01:08:00,000
and where do we anticipate the upside

1363
01:08:00,000 --> 01:08:02,070
Objectives. Okay, well first you got

1364
01:08:02,070 --> 01:08:03,840
numbers numbers understand that there

1365
01:08:03,840 --> 01:08:06,420
are price swings within price swings

1366
01:08:06,420 --> 01:08:08,970
within price swings, okay, this price

1367
01:08:08,970 --> 01:08:13,590
swing here is 50% of this range from

1368
01:08:13,590 --> 01:08:16,950
high to low, this price swing here, okay

1369
01:08:16,950 --> 01:08:19,950
is equal to this price swing, but it

1370
01:08:19,950 --> 01:08:23,430
retraces back within 50% range of this,

1371
01:08:23,460 --> 01:08:26,880
okay. So there's a rule here that you

1372
01:08:26,880 --> 01:08:29,550
have to understand in targeting, that

1373
01:08:29,550 --> 01:08:33,030
means a symmetrical price swing. Okay? a

1374
01:08:33,120 --> 01:08:35,370
symmetrical price swing is basically

1375
01:08:35,370 --> 01:08:37,860
something like this, this move up here,

1376
01:08:38,280 --> 01:08:41,940
when this low, assuming this is a low,

1377
01:08:42,510 --> 01:08:45,090
if it's breaks right here, we should see

1378
01:08:45,120 --> 01:08:47,010
a equal move from this low to this

1379
01:08:47,010 --> 01:08:50,190
highest high, okay? This becomes a

1380
01:08:50,190 --> 01:08:52,680
fulcrum point, okay, or a pivot point,

1381
01:08:53,280 --> 01:08:56,430
not pivot point like s one s two type

1382
01:08:56,430 --> 01:08:58,170
pivots. I'm talking about a pivot point

1383
01:08:58,170 --> 01:08:59,970
in such a way where when price breaks

1384
01:09:00,000 --> 01:09:04,140
That you'll see it move lower and lower,

1385
01:09:04,140 --> 01:09:06,840
it's just like a hinge right here. Price

1386
01:09:06,840 --> 01:09:09,780
swung up, once it broke that low used to

1387
01:09:09,780 --> 01:09:12,210
see an equal move from this low to this

1388
01:09:12,210 --> 01:09:16,080
high in terms of range equal from this

1389
01:09:16,230 --> 01:09:19,920
low, lower, and you see that here, okay?

1390
01:09:20,489 --> 01:09:22,499
That same thing can be

1391
01:09:22,980 --> 01:09:26,280
developed on and moved in the green once

1392
01:09:26,310 --> 01:09:29,850
this high is broken. And you see that

1393
01:09:29,850 --> 01:09:32,310
here. Now inside this price move here

1394
01:09:32,310 --> 01:09:34,440
assuming this is a price rally, it's a

1395
01:09:34,440 --> 01:09:35,970
straight line but obviously we know

1396
01:09:35,970 --> 01:09:37,260
prices and always moving in a straight

1397
01:09:37,260 --> 01:09:38,850
line. There's other price swings within

1398
01:09:38,850 --> 01:09:40,530
here, but the overall what I'm trying to

1399
01:09:40,530 --> 01:09:43,440
draw your eye to is this overall price

1400
01:09:43,440 --> 01:09:46,740
swing lower. In this price swing from

1401
01:09:46,740 --> 01:09:50,460
high to low, there may be two, three,

1402
01:09:50,490 --> 01:09:53,670
maybe four or even multiple, smaller

1403
01:09:53,670 --> 01:09:55,860
price swings within it prior to a

1404
01:09:55,860 --> 01:09:58,500
turning and going up new to the target

1405
01:09:58,500 --> 01:10:01,650
to your hunting This high if it's

1406
01:10:01,650 --> 01:10:04,650
broken, this is a fulcrum point on the

1407
01:10:04,650 --> 01:10:07,110
bullish side. So as price rallies up,

1408
01:10:07,320 --> 01:10:08,910
okay, we're going to talk about multiple

1409
01:10:08,910 --> 01:10:10,530
targeting and all that stuff in another

1410
01:10:10,530 --> 01:10:13,170
video. But in here as price breaks that

1411
01:10:13,170 --> 01:10:16,290
point right here on this high, when it

1412
01:10:16,290 --> 01:10:18,990
takes that out, we should see this move

1413
01:10:18,990 --> 01:10:23,400
from this high to this low equal in

1414
01:10:23,400 --> 01:10:27,120
terms of magnitude and distance and

1415
01:10:27,480 --> 01:10:30,060
price, add that to this high and you'll

1416
01:10:30,060 --> 01:10:31,980
see it equal. So onwards, if you took a

1417
01:10:32,760 --> 01:10:35,400
line here and measured it with a ruler,

1418
01:10:35,460 --> 01:10:39,060
such you should see basically the same

1419
01:10:39,180 --> 01:10:42,420
distance from this high here to this low

1420
01:10:42,870 --> 01:10:44,850
added to this high up and you get this

1421
01:10:44,850 --> 01:10:47,610
area here. That's what that's the first

1422
01:10:47,610 --> 01:10:49,740
fundamental premise to understanding how

1423
01:10:49,740 --> 01:10:51,270
to take profits. Okay, and then we're

1424
01:10:51,270 --> 01:10:53,700
looking at a bullish scenario here, but

1425
01:10:54,690 --> 01:10:57,900
if you cannot understand this, okay,

1426
01:10:58,380 --> 01:11:00,000
it's gonna be very difficult, difficult

1427
01:11:00,000 --> 01:11:02,310
For you to understand where you should

1428
01:11:02,310 --> 01:11:04,620
be taking profits, okay? Because if you

1429
01:11:04,620 --> 01:11:08,640
understand this crude, overall concept

1430
01:11:09,090 --> 01:11:12,450
of price swings, okay? You understand

1431
01:11:12,450 --> 01:11:14,940
that targeting in systematically taking

1432
01:11:14,940 --> 01:11:17,070
it at predetermined levels is gonna be

1433
01:11:17,070 --> 01:11:19,230
very easy for you, if you cannot see

1434
01:11:19,230 --> 01:11:22,260
that here, okay? It's gonna be a little

1435
01:11:22,260 --> 01:11:23,670
bit easier to see when I have it on

1436
01:11:23,670 --> 01:11:26,430
charts but it's it's Paramount you have

1437
01:11:26,430 --> 01:11:28,260
to understand this because there is a

1438
01:11:28,260 --> 01:11:31,980
50% rule in symmetrical price action.

1439
01:11:32,640 --> 01:11:35,430
And it's basically measured moves this

1440
01:11:35,460 --> 01:11:38,640
high to low. Once broken here, you'll

1441
01:11:38,640 --> 01:11:41,820
get a motion move higher. Okay. So let's

1442
01:11:41,820 --> 01:11:44,940
take another closer look as to what I'm

1443
01:11:44,940 --> 01:11:52,740
referring to. Okay, when you have a

1444
01:11:52,770 --> 01:11:55,200
retracement, you have a price rally

1445
01:11:55,200 --> 01:11:57,630
here. So this is an impulse move up and

1446
01:11:57,630 --> 01:12:00,000
you have a retracement into this range.

1447
01:12:00,000 --> 01:12:03,390
From that low to high, this could be any

1448
01:12:03,390 --> 01:12:04,740
number of things. This could be a higher

1449
01:12:04,740 --> 01:12:08,520
level support line, it could be a pivot,

1450
01:12:08,700 --> 01:12:12,000
or fib. Okay? It could be an order

1451
01:12:12,000 --> 01:12:14,160
block. A lot of different things. Could

1452
01:12:14,550 --> 01:12:16,350
you substantiate this as a support

1453
01:12:16,350 --> 01:12:18,360
level. But the main thing is, is you

1454
01:12:18,360 --> 01:12:21,330
want to be looking at. Obviously, when

1455
01:12:21,330 --> 01:12:24,180
price moves beyond this level here, you

1456
01:12:24,180 --> 01:12:27,420
want to see a equal move from this high

1457
01:12:27,420 --> 01:12:31,650
to low added to this hice price point

1458
01:12:31,890 --> 01:12:35,640
up. Okay. Again, that's the same premise

1459
01:12:35,640 --> 01:12:37,260
we just talked about on the previous

1460
01:12:37,260 --> 01:12:38,550
slide. But now we're gonna take it a

1461
01:12:38,550 --> 01:12:41,370
little bit further when you understand

1462
01:12:41,370 --> 01:12:44,400
how to use Fibonacci, okay, Fibonacci.

1463
01:12:44,820 --> 01:12:46,440
To get retracements you would anchor the

1464
01:12:46,440 --> 01:12:50,010
price point, low here to this high.

1465
01:12:50,190 --> 01:12:51,390
Okay, so those are your two reference

1466
01:12:51,390 --> 01:12:53,310
points for retracements. On an up move,

1467
01:12:53,580 --> 01:12:55,260
you're going to pull your fib from a low

1468
01:12:55,920 --> 01:12:57,540
to a high and what that'll do is it'll

1469
01:12:57,540 --> 01:12:59,550
plot within the range of that low and

1470
01:12:59,550 --> 01:13:02,010
high All of the retracement levels. So

1471
01:13:02,010 --> 01:13:05,760
this may be a 50 this may be a 60 to 79

1472
01:13:05,760 --> 01:13:07,230
such so something down here would be an

1473
01:13:07,230 --> 01:13:11,220
optimal trade entry. Now, as price moves

1474
01:13:11,250 --> 01:13:14,130
up once we take out this high, it does

1475
01:13:14,130 --> 01:13:16,920
not, it does not

1476
01:13:18,119 --> 01:13:19,049
guarantee

1477
01:13:19,170 --> 01:13:23,580
that you'll get a 200% equal move from

1478
01:13:23,580 --> 01:13:26,490
this high to this low. Once it's broken

1479
01:13:26,490 --> 01:13:28,080
right here. There's no guarantee it's

1480
01:13:28,080 --> 01:13:30,990
going to go 100% of whatever that range

1481
01:13:30,990 --> 01:13:32,820
is, okay? It's not it's not it's no

1482
01:13:32,820 --> 01:13:36,780
guarantee that okay? But there is a very

1483
01:13:36,780 --> 01:13:39,630
large probability. If you calculate the

1484
01:13:39,630 --> 01:13:43,830
range from this high to this low. Let's

1485
01:13:43,830 --> 01:13:47,100
assume for a moment that that's 100

1486
01:13:47,100 --> 01:13:52,020
pips, okay. 100 pips. If price breaks

1487
01:13:52,020 --> 01:13:53,910
the high as it does here, in this

1488
01:13:53,910 --> 01:13:55,920
example, it's a gun obviously, this is a

1489
01:13:55,920 --> 01:13:58,470
hand drawn. illustration is not a price

1490
01:13:58,470 --> 01:14:01,860
action chart, but Price blows out this

1491
01:14:01,860 --> 01:14:05,250
high when it does that. If you take the

1492
01:14:05,250 --> 01:14:07,590
range from here to here, again that

1493
01:14:07,590 --> 01:14:12,270
being 100 pips assuming if you see from

1494
01:14:12,270 --> 01:14:18,690
the low here 127 pips up price has a

1495
01:14:18,690 --> 01:14:20,640
high probability of moving to that price

1496
01:14:20,640 --> 01:14:25,710
point. Okay, if you go 162 pips from

1497
01:14:25,710 --> 01:14:28,890
that low up here 162 pips, you have a

1498
01:14:28,890 --> 01:14:30,210
high probability of seeing that price

1499
01:14:30,210 --> 01:14:32,370
move as well. Now, where did I get those

1500
01:14:32,370 --> 01:14:35,280
numbers from? Some of you guys

1501
01:14:35,280 --> 01:14:36,540
understand Fibonacci, you're saying,

1502
01:14:36,540 --> 01:14:37,920
well, that's pretty stupid, you know,

1503
01:14:38,250 --> 01:14:40,680
obviously, it's there. 127 162

1504
01:14:40,680 --> 01:14:42,450
extensions, right? But some of you

1505
01:14:42,480 --> 01:14:44,550
aren't privy as to what I'm referring

1506
01:14:44,550 --> 01:14:45,720
to. And we're going to learn that now.

1507
01:14:46,500 --> 01:14:49,440
If you take your fib and reverse its

1508
01:14:49,440 --> 01:14:51,750
application, okay, and I'm going to show

1509
01:14:51,750 --> 01:14:53,280
you later on how to calibrate your mt

1510
01:14:53,280 --> 01:14:56,310
for Fibonacci tool. But if you take the

1511
01:14:56,310 --> 01:14:57,690
fib and you anchor it from the high

1512
01:14:57,690 --> 01:14:59,970
here, and you draw it down to the low

1513
01:15:00,330 --> 01:15:02,610
Here, what that's going to do is it's

1514
01:15:02,610 --> 01:15:09,270
going to plot a 1.27 and a 1.62. Line,

1515
01:15:09,840 --> 01:15:12,150
okay, and when price blows out this

1516
01:15:12,150 --> 01:15:14,970
high, when it reaches those levels, they

1517
01:15:14,970 --> 01:15:18,030
are very, very, very good levels to take

1518
01:15:18,030 --> 01:15:20,400
profits at. They're easily determined,

1519
01:15:20,580 --> 01:15:22,380
they're pre determined, there's no

1520
01:15:22,380 --> 01:15:24,240
ambiguity about it, you'll know exactly

1521
01:15:24,240 --> 01:15:25,920
what you're looking for price wise, and

1522
01:15:25,920 --> 01:15:27,480
you can place your limit orders at those

1523
01:15:27,480 --> 01:15:30,690
levels to get out at okay. But

1524
01:15:30,690 --> 01:15:32,580
obviously, when we get to new live

1525
01:15:32,580 --> 01:15:34,380
examples in the charts, you'll see much

1526
01:15:34,380 --> 01:15:36,120
more clearly what I'm referring to.

1527
01:15:42,840 --> 01:15:44,160
Okay, let's assume for a moment that

1528
01:15:44,160 --> 01:15:46,290
we're looking at a price move it

1529
01:15:46,290 --> 01:15:48,780
suggests this is going to go higher, and

1530
01:15:48,810 --> 01:15:50,820
prices had an impulse move up and now

1531
01:15:50,820 --> 01:15:52,380
we're retracing within that range, the

1532
01:15:52,380 --> 01:15:54,390
range being this low. And this high,

1533
01:15:54,540 --> 01:15:56,550
something now here constitutes a order

1534
01:15:56,550 --> 01:15:58,350
block maybe or an optimal trade entry

1535
01:15:58,350 --> 01:16:00,330
something to support an idea This is

1536
01:16:00,330 --> 01:16:01,710
going to go higher or assuming it's

1537
01:16:01,710 --> 01:16:03,870
going to go higher. What will happen is

1538
01:16:03,870 --> 01:16:05,550
you'll see hopefully price moves in your

1539
01:16:05,550 --> 01:16:08,550
favor. Okay. And by pulling your fear

1540
01:16:08,550 --> 01:16:10,590
from this level here, to this level

1541
01:16:10,590 --> 01:16:12,930
here, you can get your 127 and 162

1542
01:16:12,930 --> 01:16:16,950
extensions and still anticipate if

1543
01:16:16,950 --> 01:16:18,300
you're in a higher higher timeframe

1544
01:16:18,300 --> 01:16:21,390
directional premise, you can anticipate

1545
01:16:21,390 --> 01:16:25,020
a 200% price projection, okay, which is

1546
01:16:25,050 --> 01:16:27,660
this high down to this low that range at

1547
01:16:27,660 --> 01:16:29,310
that range to this high and you'll get

1548
01:16:29,310 --> 01:16:31,800
that high up here. Okay, that's the

1549
01:16:31,800 --> 01:16:33,570
ultimate price level that you're looking

1550
01:16:33,570 --> 01:16:35,400
for. So that's the furthest it's going

1551
01:16:35,400 --> 01:16:37,770
to go. Now will it go beyond that?

1552
01:16:37,770 --> 01:16:40,110
Sometimes? Sure. Okay, many times it'll,

1553
01:16:40,140 --> 01:16:42,900
it'll do that. But overall, if you look

1554
01:16:42,900 --> 01:16:46,890
at 127 162 and 200, as your extensions,

1555
01:16:47,280 --> 01:16:50,130
their ideal optimal exit points for your

1556
01:16:50,130 --> 01:16:52,650
trades that are easily discernible, and

1557
01:16:52,650 --> 01:16:54,420
there's no ambiguity whatsoever because

1558
01:16:54,420 --> 01:16:58,200
this wave, lower is when it shoots

1559
01:16:58,200 --> 01:17:00,480
higher. Okay, I probably shouldn't Wave

1560
01:17:00,480 --> 01:17:01,860
because I don't want you guys thinking

1561
01:17:01,860 --> 01:17:03,810
I'm Elliott Wave fan because I am not

1562
01:17:03,990 --> 01:17:07,290
okay but this price swing rather when

1563
01:17:07,290 --> 01:17:08,820
this price swing starts to complete move

1564
01:17:08,820 --> 01:17:10,770
higher. We know that this market

1565
01:17:10,770 --> 01:17:13,020
structure high once it's broken out we

1566
01:17:13,020 --> 01:17:15,990
can have 127 162 and 200 extensions

1567
01:17:16,170 --> 01:17:19,080
predetermine based on this range here

1568
01:17:19,470 --> 01:17:21,390
with the premise that it's going higher

1569
01:17:21,390 --> 01:17:24,720
off that retracement okay as price moves

1570
01:17:24,750 --> 01:17:27,360
lower into a deeper retracement of this

1571
01:17:27,360 --> 01:17:31,110
impulse move. So we have this again this

1572
01:17:31,110 --> 01:17:33,690
retracement lower within this range

1573
01:17:33,690 --> 01:17:37,680
here. Okay. It could go deeper. Yes.

1574
01:17:37,860 --> 01:17:39,870
Okay, could retrace deeper, but we're

1575
01:17:39,870 --> 01:17:41,340
just going to use this idea here as

1576
01:17:41,340 --> 01:17:45,420
support resistance. And with this

1577
01:17:45,660 --> 01:17:47,610
likelihood of this being support price

1578
01:17:47,610 --> 01:17:51,600
could again, move higher. And if we do

1579
01:17:51,690 --> 01:17:52,770
assume that this is a buying

1580
01:17:52,770 --> 01:17:54,870
opportunity, okay, maybe there's an

1581
01:17:54,870 --> 01:17:55,980
order block over here and there's a

1582
01:17:55,980 --> 01:17:57,870
consolidation within this leg up.

1583
01:17:58,530 --> 01:18:00,720
Something constitutes a boy opportunity

1584
01:18:00,720 --> 01:18:04,020
in here. If we buy here, we have a pre

1585
01:18:04,020 --> 01:18:06,990
determined old high here and in the

1586
01:18:06,990 --> 01:18:10,200
range here, assume that's for the sake

1587
01:18:10,200 --> 01:18:13,110
of argument again say it's 100 pips. We

1588
01:18:13,110 --> 01:18:16,380
could take our anticipatory skills and

1589
01:18:16,380 --> 01:18:18,450
expect to see price try to retest this

1590
01:18:18,450 --> 01:18:21,780
high and if it blows through that we

1591
01:18:21,780 --> 01:18:23,910
could reasonably expect to see the 127

1592
01:18:24,390 --> 01:18:26,730
or 127 pips from this low once it starts

1593
01:18:26,730 --> 01:18:29,610
to turn up, or the 162 extension, which

1594
01:18:29,610 --> 01:18:32,250
is 162 pips from that low. Okay, in this

1595
01:18:32,250 --> 01:18:33,990
example, again, assuming that this is

1596
01:18:33,990 --> 01:18:37,980
100 PIP retracement, obviously your

1597
01:18:37,980 --> 01:18:39,960
Fibonacci tool will give you all the

1598
01:18:39,960 --> 01:18:41,430
calculations, so I'm just giving it

1599
01:18:41,430 --> 01:18:43,290
without the benefit of having a

1600
01:18:43,290 --> 01:18:45,900
Fibonacci application on this diagram.

1601
01:18:47,100 --> 01:18:49,620
So you'd be able to see when price takes

1602
01:18:49,620 --> 01:18:52,830
this high out 127 and 162 extensions

1603
01:18:52,830 --> 01:18:54,150
respectively would be your upside

1604
01:18:54,150 --> 01:18:56,010
objectives. Okay, so they're, they're

1605
01:18:56,010 --> 01:18:58,590
pre determined levels to accident. Okay.

1606
01:18:58,920 --> 01:19:01,920
So Every time you trade within a price

1607
01:19:01,920 --> 01:19:05,970
swing, you could derive it in advance

1608
01:19:05,970 --> 01:19:07,290
where your exit points are going to be

1609
01:19:07,650 --> 01:19:10,170
new them beforehand. So you can use a

1610
01:19:10,170 --> 01:19:12,000
limit order. And you can really pretty

1611
01:19:12,000 --> 01:19:14,670
much go to sleep. Okay, you can go to

1612
01:19:14,670 --> 01:19:16,620
work if you have your job. If it's the

1613
01:19:16,620 --> 01:19:18,090
long session, if you can get yourself up

1614
01:19:18,120 --> 01:19:19,440
out of the bed for a little while, set

1615
01:19:19,440 --> 01:19:21,210
the orders up. Once you get into a

1616
01:19:21,210 --> 01:19:23,580
trade, you know, you first for instance,

1617
01:19:23,580 --> 01:19:25,920
assume that this is London open and

1618
01:19:25,920 --> 01:19:27,840
you're trying to be long. Okay, you can

1619
01:19:27,840 --> 01:19:29,370
put your limit orders here and can go to

1620
01:19:29,370 --> 01:19:31,920
bed and hopefully sometime in London

1621
01:19:31,920 --> 01:19:34,230
close or in New York session, we could

1622
01:19:34,230 --> 01:19:36,600
see those objectives fulfilled. Okay,

1623
01:19:36,630 --> 01:19:38,190
and that's just one application or

1624
01:19:38,760 --> 01:19:40,530
anticipatory example.

1625
01:19:47,100 --> 01:19:48,630
Okay, obviously the same thing could be

1626
01:19:48,630 --> 01:19:51,420
said on the downside understanding if

1627
01:19:51,780 --> 01:19:53,070
there's something up here that

1628
01:19:53,100 --> 01:19:55,020
constitutes a selling opportunity,

1629
01:19:55,050 --> 01:19:57,090
something bearish, okay, and we're not

1630
01:19:57,090 --> 01:19:58,560
going to build a context as to what that

1631
01:19:58,560 --> 01:20:01,050
would be. We'll have all kinds of

1632
01:20:01,080 --> 01:20:02,670
opportunities to understand what that is

1633
01:20:02,670 --> 01:20:04,830
in this series. So assuming that is the

1634
01:20:04,830 --> 01:20:07,770
case, when you're when your market

1635
01:20:08,550 --> 01:20:12,030
breaks lower, okay, what in this price

1636
01:20:12,030 --> 01:20:17,100
swing is your point of reference? Okay,

1637
01:20:17,340 --> 01:20:19,020
if you're bearish the overall price

1638
01:20:19,020 --> 01:20:20,430
structures you should be looking for

1639
01:20:20,430 --> 01:20:22,950
obviously these individual price swings,

1640
01:20:22,950 --> 01:20:25,020
yes. Okay. So in other words, this swing

1641
01:20:25,020 --> 01:20:28,110
here, trade it up, whatever this range

1642
01:20:28,380 --> 01:20:29,940
from here to here is it's the

1643
01:20:29,940 --> 01:20:31,830
retracement into. So that could be a

1644
01:20:31,830 --> 01:20:33,750
selling opportunity here. But if you

1645
01:20:33,750 --> 01:20:35,700
take the range between this high to this

1646
01:20:35,700 --> 01:20:43,800
low 127% on sorry, 1.27 in the Fibonacci

1647
01:20:43,800 --> 01:20:46,200
bar 127% of that if you multiplied it,

1648
01:20:46,830 --> 01:20:48,690
that would give you a lower objective

1649
01:20:48,690 --> 01:20:52,950
here. And 162% of that range would give

1650
01:20:52,950 --> 01:20:55,590
you the 162 extension down here as well.

1651
01:20:56,160 --> 01:21:01,290
Same thing here we have this hi In this

1652
01:21:01,290 --> 01:21:04,710
low that range of pips once this low is

1653
01:21:04,710 --> 01:21:07,320
violated as it is here in this example,

1654
01:21:07,860 --> 01:21:10,050
we could look at the range from this low

1655
01:21:10,620 --> 01:21:14,700
to this high Okay, we could see the 127

1656
01:21:14,700 --> 01:21:18,510
extension and 162 extension as downside

1657
01:21:18,510 --> 01:21:22,890
objectives, okay. I should have said

1658
01:21:22,890 --> 01:21:25,440
this in the previous mentioning, but the

1659
01:21:25,440 --> 01:21:28,740
intermediate term swing between the

1660
01:21:28,740 --> 01:21:30,720
smaller swings, okay think back in

1661
01:21:30,720 --> 01:21:32,970
market structure now, this would be the

1662
01:21:33,240 --> 01:21:36,690
higher level, price swing, okay. or

1663
01:21:36,690 --> 01:21:38,940
major reference point, the intermediate

1664
01:21:38,940 --> 01:21:40,740
term reference points many times if you

1665
01:21:40,740 --> 01:21:44,430
see price, take this leg here. If you

1666
01:21:44,520 --> 01:21:47,400
project your your Fibonacci based on

1667
01:21:47,400 --> 01:21:50,970
that, that range, you'll get the 127

1668
01:21:50,970 --> 01:21:54,090
here and in 162 many times you'll get a

1669
01:21:54,210 --> 01:21:56,550
intermediate term, deeper retracement

1670
01:21:57,600 --> 01:21:58,950
from the high that forms back here

1671
01:21:58,950 --> 01:22:00,900
that's originally a sell off You'll get

1672
01:22:00,900 --> 01:22:03,360
a retracement into that range and then

1673
01:22:03,360 --> 01:22:04,740
you'll see the fulfillment of this

1674
01:22:04,740 --> 01:22:08,910
swings targeting which is 127 162 which

1675
01:22:08,910 --> 01:22:10,470
hopefully would arrive down here

1676
01:22:10,830 --> 01:22:14,760
conceptually speaking. But everything

1677
01:22:14,760 --> 01:22:16,200
that I said and when the bullish side

1678
01:22:16,200 --> 01:22:18,660
obviously if you flip it, you can get

1679
01:22:18,660 --> 01:22:21,090
the converse idea for the bearish.

1680
01:22:26,850 --> 01:22:28,620
Okay, and again, much in the same

1681
01:22:28,620 --> 01:22:31,260
capacity, what we mentioned earlier,

1682
01:22:32,550 --> 01:22:36,060
everything that you see on price swings.

1683
01:22:36,600 --> 01:22:38,850
If this is a move lower, you're looking

1684
01:22:38,850 --> 01:22:41,010
for a selling opportunity here. This

1685
01:22:41,010 --> 01:22:44,700
range, if you pull your fib from the low

1686
01:22:44,820 --> 01:22:47,430
to this high, it'll project on your when

1687
01:22:47,430 --> 01:22:49,440
you Fibonacci, the 127 and 162

1688
01:22:49,440 --> 01:22:52,740
extensions down in that area is where

1689
01:22:52,740 --> 01:22:55,230
you'd be looking to hunt them about 75

1690
01:22:55,260 --> 01:22:58,860
to 80% of your exit points. If you feel

1691
01:22:58,860 --> 01:23:01,710
absolutely certain Okay, that you,

1692
01:23:01,740 --> 01:23:04,590
you're going to see a 200% extension now

1693
01:23:04,590 --> 01:23:08,100
words, whatever this ranges from high to

1694
01:23:08,100 --> 01:23:10,350
low. If you're looking for a downswing

1695
01:23:10,830 --> 01:23:12,900
when this low is taken out, whatever

1696
01:23:12,900 --> 01:23:16,200
that range is, it's duplicated. And

1697
01:23:16,680 --> 01:23:18,210
you'll see that same magnitude wave

1698
01:23:18,210 --> 01:23:21,840
lower or swing low rather, which is

1699
01:23:21,840 --> 01:23:24,240
basically taking this low to this high.

1700
01:23:24,330 --> 01:23:27,390
And if you had it in your Fibonacci, it

1701
01:23:27,390 --> 01:23:29,490
would be a 200% extension, but I'm

1702
01:23:29,490 --> 01:23:33,240
trying to avoid conditioning you to

1703
01:23:33,240 --> 01:23:35,070
expect it all the time. Okay, I'm

1704
01:23:35,070 --> 01:23:36,780
conditioning you really to expect to

1705
01:23:37,170 --> 01:23:39,810
127 162 extensions because they are

1706
01:23:40,200 --> 01:23:42,630
very, very consistent and you pretty

1707
01:23:42,630 --> 01:23:45,690
much you know, going to be rewarded more

1708
01:23:45,690 --> 01:23:47,610
consistently with that, then you will

1709
01:23:47,610 --> 01:23:48,540
get to 200%.

1710
01:23:54,150 --> 01:23:56,040
Again, same thing, we have a premise

1711
01:23:56,040 --> 01:23:58,770
that this is a bear market movie of a

1712
01:23:59,640 --> 01:24:01,800
bear impulse move lower. We have a

1713
01:24:01,800 --> 01:24:04,410
retracement within that move something

1714
01:24:04,410 --> 01:24:06,870
is implying a selling situations on

1715
01:24:06,870 --> 01:24:09,720
their way. The range from this low to

1716
01:24:09,720 --> 01:24:12,120
this high is used with your Fibonacci.

1717
01:24:12,120 --> 01:24:14,130
So you use the fib from the low up to

1718
01:24:14,130 --> 01:24:16,260
this high. And it's going to project

1719
01:24:16,320 --> 01:24:19,590
your Fibonacci extension 127 and 162.

1720
01:24:20,550 --> 01:24:23,520
Yeah 162 and once it gets to those

1721
01:24:23,520 --> 01:24:24,570
levels, many times you'll see a

1722
01:24:24,570 --> 01:24:28,770
retracement unfold. And the impulse move

1723
01:24:28,770 --> 01:24:30,870
lower here has a retracement assuming

1724
01:24:30,870 --> 01:24:32,610
that this low is significant and market

1725
01:24:32,610 --> 01:24:35,190
structure. Something could be in line

1726
01:24:35,220 --> 01:24:36,690
with the you know the order block here

1727
01:24:36,690 --> 01:24:38,460
within this range. Again, these are not

1728
01:24:38,460 --> 01:24:40,980
just straight market moves. There's all

1729
01:24:40,980 --> 01:24:43,800
smaller price swings within this leg in

1730
01:24:43,800 --> 01:24:45,840
price. So you have to reference those as

1731
01:24:45,840 --> 01:24:47,430
well like we did in previous market.

1732
01:24:49,740 --> 01:24:54,840
videos in this series. When this range

1733
01:24:54,840 --> 01:24:57,930
here is calculate again pulling a fib

1734
01:24:57,930 --> 01:25:00,180
from the low up to the high okay. It's

1735
01:25:00,180 --> 01:25:02,580
gonna give you 127 and 162 extensions,

1736
01:25:02,700 --> 01:25:04,530
okay when you Fibonacci tool and that is

1737
01:25:04,530 --> 01:25:06,270
where you would have your pre determined

1738
01:25:06,300 --> 01:25:07,740
exit points. Okay?

1739
01:29:51,450 --> 01:29:53,430
Okay folks, we're gonna give a couple

1740
01:29:53,430 --> 01:29:56,520
examples real quick with the Fibonacci

1741
01:29:57,030 --> 01:30:01,560
127 and 162 extensions We're looking at

1742
01:30:01,560 --> 01:30:03,570
the fiber here. We mentioned this

1743
01:30:03,570 --> 01:30:05,610
earlier in this video where the order

1744
01:30:05,610 --> 01:30:09,930
blocks were. And just for a simple,

1745
01:30:10,200 --> 01:30:12,780
quick review, again, this is assuming

1746
01:30:12,780 --> 01:30:16,230
that you understand this premise. We

1747
01:30:16,230 --> 01:30:18,540
have this rally up comes right back down

1748
01:30:18,540 --> 01:30:19,950
to this order block right here.

1749
01:30:21,060 --> 01:30:21,660
And

1750
01:30:24,360 --> 01:30:26,760
again, framing the idea that this is

1751
01:30:27,450 --> 01:30:30,360
bullish. So therefore, when price

1752
01:30:30,360 --> 01:30:32,640
returns back into this area, we could

1753
01:30:32,640 --> 01:30:37,710
reasonably expect to see a rally up. And

1754
01:30:38,040 --> 01:30:39,060
this is where we

1755
01:30:44,400 --> 01:30:45,960
see our entry point right in here and

1756
01:30:45,960 --> 01:30:47,700
saw the optimal trade entry between 62

1757
01:30:47,730 --> 01:30:50,820
and 79. penetration both and as price

1758
01:30:50,820 --> 01:30:55,080
rallies up. Okay, before we even see it

1759
01:30:55,080 --> 01:30:58,050
go beyond this point here. What you're

1760
01:30:58,080 --> 01:31:02,100
doing is you're looking for You're

1761
01:31:02,100 --> 01:31:05,040
upside objectives. Okay? And because

1762
01:31:05,040 --> 01:31:06,630
we're looking for upside objectives, you

1763
01:31:06,630 --> 01:31:09,570
start with the high and you pull your

1764
01:31:09,570 --> 01:31:13,950
fib down to the lowest low here, okay?

1765
01:31:14,550 --> 01:31:17,610
And here's your 127 and your 162

1766
01:31:17,610 --> 01:31:18,210
extension,

1767
01:31:18,450 --> 01:31:18,870
okay?

1768
01:31:20,070 --> 01:31:22,920
And you can see that happened to be

1769
01:31:22,920 --> 01:31:28,170
fulfilled. You get your 127 here

1770
01:31:31,440 --> 01:31:32,130
and

1771
01:31:34,260 --> 01:31:38,820
not too much longer after that. You get

1772
01:31:38,820 --> 01:31:39,720
your 127

1773
01:31:42,810 --> 01:31:43,320
right there.

1774
01:31:44,700 --> 01:31:50,910
Okay. And we have another order block

1775
01:31:50,910 --> 01:31:53,850
here as price rallies up. You want to go

1776
01:31:56,940 --> 01:32:00,870
borrow this level here. Okay price

1777
01:32:00,870 --> 01:32:02,700
rallies up comes back down into the

1778
01:32:02,700 --> 01:32:06,810
order block. Using the range, here's the

1779
01:32:06,810 --> 01:32:13,140
low to the high. Your entry point is in

1780
01:32:13,140 --> 01:32:17,790
here. Okay. And again looking for upside

1781
01:32:17,790 --> 01:32:21,720
objectives. You would reverse your fib

1782
01:32:21,720 --> 01:32:26,430
from the high down to the low. Here's

1783
01:32:26,430 --> 01:32:34,530
your 127 extension and your 162 up here.

1784
01:32:39,180 --> 01:32:40,110
You see it hits it

1785
01:32:41,520 --> 01:32:42,150
right there.

1786
01:32:43,560 --> 01:32:45,120
Okay, we have another order block.

1787
01:32:56,010 --> 01:32:59,700
Here, price rallies from this low to

1788
01:32:59,700 --> 01:33:01,200
this high We're not going to draw the

1789
01:33:01,200 --> 01:33:03,510
fib in here optimal trade entry.

1790
01:33:05,790 --> 01:33:06,510
The high

1791
01:33:07,859 --> 01:33:11,969
down to the low. Okay, here's your 127

1792
01:33:11,969 --> 01:33:16,529
hits it handsomely. And there's your 162

1793
01:33:16,529 --> 01:33:20,339
extension right there. Okay. So you have

1794
01:33:20,909 --> 01:33:24,719
multiple examples on a pair that we have

1795
01:33:24,719 --> 01:33:28,289
been utilizing for this series, but

1796
01:33:28,289 --> 01:33:30,569
obviously it's applicable to any pair.

1797
01:33:30,839 --> 01:33:35,399
Okay? And it wouldn't be fair unless we

1798
01:33:35,399 --> 01:33:36,959
did some downside objectives but don't

1799
01:33:36,959 --> 01:33:38,099
have to go to a different pair to do

1800
01:33:38,099 --> 01:33:39,629
that. So let's take a look at the

1801
01:33:39,989 --> 01:33:43,259
downside objectives utilizing the 127

1802
01:33:43,259 --> 01:33:47,009
and one two to two extensions. Okay,

1803
01:33:47,009 --> 01:33:49,379
we're looking at the Japanese yen dollar

1804
01:33:49,379 --> 01:33:52,829
versus the Japanese yen rather. Okay, we

1805
01:33:52,829 --> 01:33:56,309
have a high price trades down retraces

1806
01:33:56,819 --> 01:33:59,669
and moves lower as we anticipate a

1807
01:33:59,669 --> 01:34:01,439
selling opportunity and we're going to

1808
01:34:01,439 --> 01:34:03,869
say for sake of argument that we

1809
01:34:03,869 --> 01:34:06,269
suspected that price would be a sign

1810
01:34:06,269 --> 01:34:10,409
opportunity in here. Okay. way we get

1811
01:34:10,409 --> 01:34:13,139
our downside objectives is define the

1812
01:34:13,829 --> 01:34:19,859
low up in the impulse move. Here are

1813
01:34:19,859 --> 01:34:22,169
retracement rather from this range here.

1814
01:34:22,199 --> 01:34:23,999
This is a retracement into the impulse

1815
01:34:23,999 --> 01:34:28,409
move, retrace. And then here's your 127

1816
01:34:28,709 --> 01:34:30,839
which it gaps through. Then here's your

1817
01:34:30,839 --> 01:34:33,689
162 extension. It trades just a little

1818
01:34:33,689 --> 01:34:35,459
bit beyond that before it bounces again.

1819
01:34:35,909 --> 01:34:38,999
Again, we are not advocating trying to

1820
01:34:38,999 --> 01:34:43,049
trade outside of 162 and 127. use those

1821
01:34:43,049 --> 01:34:47,699
as your guidelines. We have a price move

1822
01:34:47,699 --> 01:34:50,339
lower or impulse move lower and we have

1823
01:34:50,339 --> 01:34:53,159
a retracement. Okay. Again, same thing

1824
01:34:53,159 --> 01:34:56,699
here. assuming this is the range high to

1825
01:34:56,699 --> 01:34:58,799
low optimal trade entry in here you

1826
01:34:58,799 --> 01:35:01,949
could be a seller here Where would our

1827
01:35:01,949 --> 01:35:03,959
objectives be? Well, here's that fulcrum

1828
01:35:03,959 --> 01:35:06,539
point. Okay? Remember, this is the pivot

1829
01:35:06,539 --> 01:35:08,189
point when it breaks below that we

1830
01:35:08,189 --> 01:35:12,749
should see this move, move lower, okay,

1831
01:35:12,779 --> 01:35:15,029
the highest level would be 200%

1832
01:35:15,029 --> 01:35:17,579
extension or double the range from this

1833
01:35:17,579 --> 01:35:20,579
low to this high broken from this low

1834
01:35:20,579 --> 01:35:26,009
here, down, okay? But sticking to the

1835
01:35:26,009 --> 01:35:28,199
rules, okay, you're going to be

1836
01:35:28,229 --> 01:35:32,969
utilizing this swing up, and you're

1837
01:35:32,969 --> 01:35:35,069
gonna be looking for the 127 and 162

1838
01:35:35,489 --> 01:35:37,979
extensions as your objectives lower. So

1839
01:35:37,979 --> 01:35:39,869
if you're a seller here, you'd love to

1840
01:35:39,869 --> 01:35:44,069
take profits at 127 down here, and then

1841
01:35:44,069 --> 01:35:47,849
162 down here and scroll over here a

1842
01:35:47,849 --> 01:35:50,309
little bit more. You can see this is

1843
01:35:50,309 --> 01:35:52,439
where the price moved and went down.

1844
01:35:53,639 --> 01:35:54,509
Let's see

1845
01:35:56,730 --> 01:35:57,900
that price point

1846
01:35:59,190 --> 01:36:02,280
too low. only move 17 pips beyond what

1847
01:36:02,280 --> 01:36:05,520
the 162 extension is, and then optimally

1848
01:36:05,700 --> 01:36:07,530
price returned all the way back up to

1849
01:36:07,530 --> 01:36:09,210
the area where you were sold. So you can

1850
01:36:09,210 --> 01:36:11,190
see if you're looking for a 200%

1851
01:36:11,250 --> 01:36:13,020
extension down here, you would have gave

1852
01:36:13,020 --> 01:36:14,730
up a really really handsome opportunity

1853
01:36:14,730 --> 01:36:17,520
to be covering your short and reversing

1854
01:36:19,590 --> 01:36:21,660
interest just one more example. On the

1855
01:36:21,660 --> 01:36:25,200
short term. We have a impulse move here

1856
01:36:25,230 --> 01:36:29,040
retracement, okay find the low up to the

1857
01:36:29,040 --> 01:36:33,210
high, highest point right there and your

1858
01:36:33,210 --> 01:36:36,480
127 and then your 162 extension, almost

1859
01:36:36,480 --> 01:36:38,460
kneeling to the very low of the move.

1860
01:36:39,060 --> 01:36:40,890
And then obviously you can see the price

1861
01:36:40,890 --> 01:36:46,170
of the market moved higher. Okay. There

1862
01:36:46,170 --> 01:36:48,780
are another opportunity of catching the

1863
01:36:48,780 --> 01:36:51,060
upside here. You see this price move

1864
01:36:51,060 --> 01:36:54,270
here. Okay, if you anticipate this as a

1865
01:36:54,270 --> 01:36:58,950
buying opportunity, okay, this is your

1866
01:36:59,220 --> 01:37:01,800
reference point. On a price swing,

1867
01:37:01,800 --> 01:37:03,240
remember that first slide we talked

1868
01:37:03,240 --> 01:37:06,540
about finding the upside objective, here

1869
01:37:06,540 --> 01:37:10,200
is your fib, pull it down to the low.

1870
01:37:12,300 --> 01:37:14,670
And then here's your 127. And we just

1871
01:37:14,670 --> 01:37:17,010
fell short of that once you get to here.

1872
01:37:17,910 --> 01:37:22,380
And we just might get that on in in the

1873
01:37:22,380 --> 01:37:25,080
coming days. Or it could be just coming

1874
01:37:25,080 --> 01:37:26,640
up to fill this gap, we don't know. But

1875
01:37:26,970 --> 01:37:28,350
on the upside, this could be a very

1876
01:37:28,350 --> 01:37:32,700
favorable target for very little short

1877
01:37:32,700 --> 01:37:35,580
term to intermediate term trade on the

1878
01:37:35,580 --> 01:37:38,820
yen. So hopefully, it's been useful and

1879
01:37:39,150 --> 01:37:41,250
you guys can glean some insight from it.