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Version 1.1 by Drunk Monkey on 2020-11-20 16:36
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3 ICT: Hello Folks, this is Michael
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7 with a warm welcome to Part Five and Our
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11 continuing series of the ICT scout
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15 sniper basic Field Guide. And this
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19 episode is titled range finding. Okay,
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23 and what we'll be covering in this
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27 presentation. Well, we're going to be
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31 reviewing the previous episodes
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35 assignment tracking institutional price
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39 action. Now you were instructed to go
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43 through your charts and look at the
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47 daily and four hour and look for
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51 reference points and order blocks so you
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55 can pull your fibs cross hunting optimal
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59 trade entries. For those that didn't do
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63 the homework, we're gonna be giving a
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67 couple of examples and we're gonna be
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71 looking at specific charts, and we're
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75 gonna give specific order block
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79 illustrations. Now worked up a couple
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83 illustrations, obviously in the fiber,
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87 which is the Euro USD give you a bullish
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91 example. In fact, we're going to
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95 probably give you two or three of them.
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99 And we'll give you a bearish example.
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103 And we're going to be looking at a pair
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107 that's probably very alien to anyone
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111 that's been following my work. The
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115 Canadian dollar in Japanese yen pair.
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119 Okay, we're gonna be looking at a
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123 bullish example is that basically to
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127 highlight the the overall universal
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131 application to my concepts and even
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135 applying it to an exotic pair like this
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139 as an illustration. And we're looking at
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143 another in my opinion is an exotic is
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147 Australian and Japanese yen. I'm going
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151 to give you a bullet examples that pair
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155 illustrates in exotic application as
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159 well. Remember talking about target
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163 selection concepts, and it begins with
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167 price swings. And now obviously, it's in
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171 the eye of the beholder, okay, so
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175 without your ability to see the overall
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179 price swings, that's going to be the
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183 hindering or obstacle for you. Okay, so
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187 you're gonna have to put some time into
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191 looking at the charts. You haven't
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195 already done so and acquired that
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199 talent. You're going to need to do that
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203 before you can actually move forward.
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207 Price reference points, we've been
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211 talking about that specifically. And
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215 we're gonna be introducing the 50 Rule
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219 of symmetrical price swings and we given
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223 you the the instructions of Mt for fib
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227 calibration and we're looking at ICT
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231 swing projections. Wow. Market symmetry
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235 in the bullish realm. Okay, we're gonna
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239 be talking about equilibrium and price
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243 swing fulcrums I'm gonna
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247 give you upside objectives
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251 and we're gonna be looking at the chart
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255 examples of upside swing projections.
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259 And we're gonna be giving you a barque
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263 bearish market symmetry, dealing with
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267 the equilibrium price swing fulcrums
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271 which points to downside objectives. And
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275 we're going to give you examples of
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279 downside price projections as well. And
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283 yes, homework. We're going to be looking
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287 at projecting swing targets.
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291 So let's get started. Okay, guys,
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295 we're looking at the euro. This is the
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299 daily chart on the fiber. And I'm gonna
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303 draw a few things here I'm gonna bring
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307 your attention to, we have this high
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311 here, and this high here, and we're
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315 gonna put it right on the highest high
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319 this candle. It's roughly 3450. But I
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323 want to draw your attention to the
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327 bodies of these candles and the highs of
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331 these. Okay, if we draw our little
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335 horizontal line down to that,
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339 and we're just going to
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343 move around it, there you go. See that?
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347 3420 3420 is the level essentially that
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351 this price was reaching for? Okay,
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355 because that's the institutional level
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359 we like to follow. Again, it's the full
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363 figures 00 levels to 20s 50s mid figures
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367 in the 80s. Okay, so, we have this level
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371 here. 3422. Remember that because we're
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375 gonna come back to it in a few moments.
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379 But this is what price action was doing
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383 prior to the previous release of Episode
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387 Four in this series and we're going to
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391 do is we're going to draw our chart into
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395 a four hour basis. Again that 134 20
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399 level, keep that in mind.
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403 Okay, we have
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407 the four hour chart here, we have Mark
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411 structure breaking
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415 here,
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419 breaking this high here, coming back
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423 down, trading into this previous order
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425 107
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427 block. Okay, and we're going to put a
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431 few different order blocks on this
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435 chart. Okay, price dips and dips into it
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439 rather, right in here. And we also have
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441 111
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443 market structure breaking and confirming
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445 112
446 00:05:54,420 ~-~-> 00:05:57,180
447 even further here with another order
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451 block here that we will reference
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455 Okay, so
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458 00:06:04,919 ~-~-> 00:06:09,749
459 again we have this block and this block
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463 and I'm going to just change the color
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467 this one too. So, it can be slightly
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471 different or in this case drastically
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475 different. So, we have market structure
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477 120
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479 again shifted bullish here, the low was
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483 maintained here made a higher high here.
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485 122
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487 So this low is sensitive words we want
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489 123
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491 to see price anticipate rather price
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493 124
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495 staying above this low. Okay, but let's
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497 125
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499 pour fib across
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501 126
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503 these ranges. Okay, we
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505 127
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507 have the low to high and price coming
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509 128
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511 down to the 79 cent tracing level that
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513 129
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515 134 76 level. So it really that 134 as a
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519 really handsome area that one could
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523 utilize to get long. The fiber really
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525 132
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527 likes the ac 20s and 50s. In price did
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529 133
530 00:07:05,490 ~-~-> 00:07:07,050
531 obviously give you an opportunity to be
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533 134
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535 a buyer here, but moving forward, okay,
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537 135
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539 that's what we're at now we're gonna
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543 look at examples. Okay based on the idea
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545 137
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547 what we shared in Part Four. Okay, this
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549 138
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551 was the order block that would have been
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553 139
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555 staring you in the face at the time of
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557 140
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559 the last release of part four of ICT
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563 scout sniper field training guide. Price
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567 comes right down here is the date that
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571 the market I'm sorry, the video was
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573 144
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575 released right in here. And this is
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577 145
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579 where if you look at the the swing here
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583 here's the price swing. And you know
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587 that's a nice attrition level right in
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589 148
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591 here. Okay, and price trades down gives
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595 you a nice hammer See that? That's a
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597 150
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599 very nice confirmation in terms of
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601 151
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603 candlestick patterns. Okay, just
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605 152
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607 candlestick pattern alone means nothing.
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609 153
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611 But when you have this couple with an
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615 order block, it dips into right here and
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619 I guess it'd be a little bit more
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623 helpful to do that over here for you to
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625 157
626 00:08:10,200 ~-~-> 00:08:12,210
627 illustrate what specifically I'm
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631 referring to. And also, let's go back to
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633 159
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635 that 134 20 level. Okay? I'm just gonna
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637 160
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639 squeeze this chart up a little bit,
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641 161
642 00:08:24,870 ~-~-> 00:08:25,860
643 because we need to
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645 162
646 00:08:28,650 ~-~-> 00:08:29,250
647 reference a
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649 163
650 00:08:30,930 ~-~-> 00:08:38,310
651 level that's outside of the view. Okay,
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653 164
654 00:08:38,310 ~-~-> 00:08:41,790
655 here's that 134 20 level. Alright. And
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657 165
658 00:08:41,790 ~-~-> 00:08:45,480
659 again, we're referencing this old high.
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661 166
662 00:08:46,680 ~-~-> 00:08:48,390
663 Okay, so let's go back to that chart.
664
665 167
666 00:08:49,380 ~-~-> 00:08:52,110
667 And we're going to use our fib from that
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669 168
670 00:08:52,110 ~-~-> 00:08:57,000
671 level. Up to this price point right
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673 169
674 00:08:57,330 ~-~-> 00:09:02,220
675 there. Okay. So we have the 62% tracer
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677 170
678 00:09:02,220 ~-~-> 00:09:04,860
679 level coming in there and that 134 74
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681 171
682 00:09:04,860 ~-~-> 00:09:08,070
683 level. Okay, so by itself between here
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685 172
686 00:09:08,160 ~-~-> 00:09:10,860
687 and here, this is an area where we could
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689 173
690 00:09:10,860 ~-~-> 00:09:13,020
691 reasonably expect to see price bounce if
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693 174
694 00:09:13,020 ~-~-> 00:09:17,190
695 we're using that range, okay? And the
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697 175
698 00:09:17,190 ~-~-> 00:09:18,720
699 134 50 level here.
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701 176
702 00:09:21,030 ~-~-> 00:09:21,750
703 Let's draw
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705 177
706 00:09:23,550 ~-~-> 00:09:24,300
707 our fib
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709 178
710 00:09:28,470 ~-~-> 00:09:29,910
711 from that reference point
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713 179
714 00:09:35,430 ~-~-> 00:09:39,450
715 and we have price moving within the auto
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717 180
718 00:09:39,450 ~-~-> 00:09:40,620
719 trading or trading right down to that
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721 181
722 00:09:40,620 ~-~-> 00:09:45,810
723 sweet spot. Market doing it with the
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725 182
726 00:09:45,810 ~-~-> 00:09:46,320
727 mouse
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729 183
730 00:09:47,550 ~-~-> 00:09:49,200
731 price trades up.
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733 184
734 00:09:54,510 ~-~-> 00:09:57,180
735 Okay, and so we had one optimal trade
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737 185
738 00:09:57,180 ~-~-> 00:09:59,610
739 entry in here. Price rallies up we have
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741 186
742 00:09:59,610 ~-~-> 00:10:01,050
743 another order block right in here
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745 187
746 00:10:02,370 ~-~-> 00:10:03,450
747 on this kind of borrow
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749 188
750 00:10:04,800 ~-~-> 00:10:11,400
751 this range. Okay?
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753 189
754 00:10:11,880 ~-~-> 00:10:15,930
755 And if price dips down into that we
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757 190
758 00:10:15,930 ~-~-> 00:10:21,090
759 could be a buyer again. Okay again this
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761 191
762 00:10:21,090 ~-~-> 00:10:26,160
763 is for our chart. Okay so 134 94 130 508
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765 192
766 00:10:26,340 ~-~-> 00:10:29,280
767 the range in between here is a nice
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769 193
770 00:10:29,280 ~-~-> 00:10:32,310
771 level to anticipate a possible Buying
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773 194
774 00:10:32,310 ~-~-> 00:10:34,050
775 Opportunity should price get back down
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777 195
778 00:10:34,050 ~-~-> 00:10:39,660
779 into this order block and the fibs price
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781 196
782 00:10:39,660 ~-~-> 00:10:41,400
783 trades right down to that 62% tray so
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785 197
786 00:10:41,400 ~-~-> 00:10:44,100
787 I'm waiting here. I like these two
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789 198
790 00:10:44,100 ~-~-> 00:10:46,110
791 candles like that it's nicest tweezers.
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793 199
794 00:10:48,960 ~-~-> 00:10:51,780
795 Price coming straight down again, dips
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797 200
798 00:10:51,810 ~-~-> 00:10:54,870
799 right down to that 135 almost a 135
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801 201
802 00:10:54,870 ~-~-> 00:10:58,560
803 figure, big figure and realize up
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805 202
806 00:10:58,920 ~-~-> 00:11:04,140
807 aggressively And you can see we moved up
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809 203
810 00:11:04,440 ~-~-> 00:11:05,370
811 pretty handsomely
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813 204
814 00:11:09,059 ~-~-> 00:11:09,869
815 Okay, so you have
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817 205
818 00:11:11,280 ~-~-> 00:11:14,160
819 a few opportunities in here where it was
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821 206
822 00:11:14,160 ~-~-> 00:11:16,290
823 obvious that you know the higher prices
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825 207
826 00:11:16,290 ~-~-> 00:11:17,790
827 that we were calling these are the
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829 208
830 00:11:17,790 ~-~-> 00:11:20,250
831 setups that were available to you and
832
833 209
834 00:11:21,870 ~-~-> 00:11:25,170
835 ultimately price did trade lower here we
836
837 210
838 00:11:25,170 ~-~-> 00:11:29,790
839 broke a significant low and let's look
840
841 211
842 00:11:29,790 ~-~-> 00:11:31,740
843 at that for a moment because I was asked
844
845 212
846 00:11:31,740 ~-~-> 00:11:36,840
847 in Twitter to give an example of bearish
848
849 213
850 00:11:36,960 ~-~-> 00:11:39,360
851 environment where could use this
852
853 214
854 00:11:39,360 ~-~-> 00:11:42,750
855 information so we have the bullish
856
857 215
858 00:11:42,750 ~-~-> 00:11:44,910
859 candle prior to move down okay inside of
860
861 216
862 00:11:44,910 ~-~-> 00:11:47,430
863 this area here because big candle
864
865 217
866 00:11:47,940 ~-~-> 00:11:49,530
867 institutions were selling into that.
868
869 218
870 00:11:50,220 ~-~-> 00:11:52,920
871 Okay, and market rally I'm sorry,
872
873 219
874 00:11:53,070 ~-~-> 00:11:55,410
875 declined. And what you want to do is you
876
877 220
878 00:11:55,410 ~-~-> 00:11:56,940
879 want to see price try to trade right
880
881 221
882 00:11:56,940 ~-~-> 00:12:00,720
883 back up into that level. Exactly. Block.
884
885 222
886 00:12:02,820 ~-~-> 00:12:03,390
887 And
888
889 223
890 00:12:05,490 ~-~-> 00:12:06,900
891 let's use
892
893 224
894 00:12:09,059 ~-~-> 00:12:10,199
895 price points
896
897 225
898 00:12:13,889 ~-~-> 00:12:17,849
899 136 swing institutional, which is
900
901 226
902 00:12:17,849 ~-~-> 00:12:19,649
903 essentially in the area of this candle,
904
905 227
906 00:12:20,489 ~-~-> 00:12:24,269
907 we could use 136 figure, but it's very
908
909 228
910 00:12:24,269 ~-~-> 00:12:26,849
911 close to the level here. So I want to be
912
913 229
914 00:12:26,849 ~-~-> 00:12:28,379
915 outside of the range with the
916
917 230
918 00:12:28,379 ~-~-> 00:12:32,309
919 expectation that this this market may in
920
921 231
922 00:12:32,309 ~-~-> 00:12:38,549
923 fact, rollover. Okay, I'm using the
924
925 232
926 00:12:38,549 ~-~-> 00:12:40,889
927 lowest low here, okay, prior to that
928
929 233
930 00:12:41,759 ~-~-> 00:12:44,519
931 136 20. So the range is between this low
932
933 234
934 00:12:45,119 ~-~-> 00:12:46,349
935 and the institutional level, which is
936
937 235
938 00:12:46,349 ~-~-> 00:12:48,719
939 essentially where this is keying off of.
940
941 236
942 00:12:50,369 ~-~-> 00:12:52,229
943 And if price gets up into these levels
944
945 237
946 00:12:52,229 ~-~-> 00:12:56,699
947 here, we could be a seller. see that
948
949 238
950 00:12:56,699 ~-~-> 00:13:00,839
951 happening? there? Okay. Notice that we
952
953 239
954 00:13:00,839 ~-~-> 00:13:03,749
955 dipped above this level. So we went back
956
957 240
958 00:13:03,749 ~-~-> 00:13:06,539
959 inside of the order block here. And we
960
961 241
962 00:13:06,539 ~-~-> 00:13:08,129
963 had a nice Apple trade entry, boom.
964
965 242
966 00:13:08,519 ~-~-> 00:13:12,839
967 Okay? If you want to go to the basic ot
968
969 243
970 00:13:24,030 ~-~-> 00:13:27,960
971 you can use this swing high and this
972
973 244
974 00:13:27,960 ~-~-> 00:13:29,910
975 swing high, okay? But I'm going to show
976
977 245
978 00:13:29,910 ~-~-> 00:13:33,720
979 you the highest high down to that low.
980
981 246
982 00:13:34,500 ~-~-> 00:13:37,380
983 Okay, we got just a equilibrium point,
984
985 247
986 00:13:37,650 ~-~-> 00:13:40,200
987 okay, which really isn't beneficial to
988
989 248
990 00:13:40,200 ~-~-> 00:13:40,500
991 me.
992
993 249
994 00:13:44,910 ~-~-> 00:13:45,750
995 If we use
996
997 250
998 00:13:47,220 ~-~-> 00:13:50,880
999 this swing high here, he bang up into
1000
1001 251
1002 00:13:50,880 ~-~-> 00:13:53,010
1003 that 62% trace level and still inside
1004
1005 252
1006 00:13:53,010 ~-~-> 00:13:54,900
1007 the order block, but notice the candles,
1008
1009 253
1010 00:13:55,380 ~-~-> 00:13:56,940
1011 were unable to have any of their bodies
1012
1013 254
1014 00:13:56,970 ~-~-> 00:14:00,660
1015 within that realm. It's only the Wix
1016
1017 255
1018 00:14:01,200 ~-~-> 00:14:05,190
1019 then it was rejected and traded off. We
1020
1021 256
1022 00:14:05,190 ~-~-> 00:14:07,260
1023 had obviously another retracement
1024
1025 257
1026 00:14:09,450 ~-~-> 00:14:10,590
1027 let's get the fib off.
1028
1029 258
1030 00:14:16,920 ~-~-> 00:14:19,800
1031 Okay, we have an order block here.
1032
1033 259
1034 00:14:25,470 ~-~-> 00:14:29,280
1035 Okay, price slipped lower. If trades
1036
1037 260
1038 00:14:29,280 ~-~-> 00:14:31,020
1039 back up into this area or a little bit
1040
1041 261
1042 00:14:31,020 ~-~-> 00:14:39,420
1043 higher we could look for a so and price
1044
1045 262
1046 00:14:39,420 ~-~-> 00:14:41,010
1047 occasion on chain trading trades right
1048
1049 263
1050 00:14:41,010 ~-~-> 00:14:42,900
1051 in here. But where does it go right back
1052
1053 264
1054 00:14:42,900 ~-~-> 00:14:46,410
1055 into an old order blocks sent it higher
1056
1057 265
1058 00:14:46,410 ~-~-> 00:14:49,170
1059 here and this is where we're trading at
1060
1061 266
1062 00:14:49,170 ~-~-> 00:14:55,950
1063 now. Okay. So, again, that's the fiber
1064
1065 267
1066 00:14:56,490 ~-~-> 00:14:57,210
1067 and if you
1068
1069 268
1070 00:14:59,610 ~-~-> 00:15:00,450
1071 go back out.
1072
1073 269
1074 00:15:02,129 ~-~-> 00:15:04,649
1075 And we're going to look at this, this
1076
1077 270
1078 00:15:04,649 ~-~-> 00:15:06,269
1079 particular order block here and this
1080
1081 271
1082 00:15:06,299 ~-~-> 00:15:12,839
1083 occurred on the 30th. So the day of the
1084
1085 272
1086 00:15:12,839 ~-~-> 00:15:17,759
1087 release of the episode for, okay, this,
1088
1089 273
1090 00:15:18,239 ~-~-> 00:15:20,549
1091 this breakout started moving higher, and
1092
1093 274
1094 00:15:20,549 ~-~-> 00:15:22,199
1095 price moving back into this little block
1096
1097 275
1098 00:15:22,199 ~-~-> 00:15:23,279
1099 here would be
1100
1101 276
1102 00:15:24,900 ~-~-> 00:15:26,010
1103 indicative of
1104
1105 277
1106 00:15:27,450 ~-~-> 00:15:30,090
1107 a buy opportunity. So we're going to
1108
1109 278
1110 00:15:30,090 ~-~-> 00:15:32,520
1111 look at how price dipped into it here on
1112
1113 279
1114 00:15:33,570 ~-~-> 00:15:35,040
1115 the second of October.
1116
1117 280
1118 00:15:38,520 ~-~-> 00:15:39,150
1119 And
1120
1121 281
1122 00:15:40,980 ~-~-> 00:15:41,790
1123 we're going to just
1124
1125 282
1126 00:15:42,870 ~-~-> 00:15:45,030
1127 take this old thing here and drop it
1128
1129 283
1130 00:15:45,030 ~-~-> 00:15:48,300
1131 right on there. And it should when we go
1132
1133 284
1134 00:15:48,300 ~-~-> 00:15:50,010
1135 down to a five minute chart should drop
1136
1137 285
1138 00:15:50,010 ~-~-> 00:15:55,830
1139 us into the New York session. Wallah.
1140
1141 286
1142 00:15:56,070 ~-~-> 00:15:59,820
1143 There we go. So, price drops down into
1144
1145 287
1146 00:15:59,820 ~-~-> 00:16:03,990
1147 it. You're right there, and you get that
1148
1149 288
1150 00:16:03,990 ~-~-> 00:16:07,110
1151 explosive rally up. Do you think
1152
1153 289
1154 00:16:07,110 ~-~-> 00:16:09,990
1155 institutions were behind that move? Or
1156
1157 290
1158 00:16:09,990 ~-~-> 00:16:13,740
1159 you think it was Joe public? Clearly,
1160
1161 291
1162 00:16:13,890 ~-~-> 00:16:16,350
1163 institutions, okay. And then obviously
1164
1165 292
1166 00:16:16,350 ~-~-> 00:16:17,130
1167 you can see how price
1168
1169 293
1170 00:16:17,790 ~-~-> 00:16:18,720
1171 rolled on higher.
1172
1173 294
1174 00:16:22,740 ~-~-> 00:16:24,840
1175 And the exercises that you were
1176
1177 295
1178 00:16:24,840 ~-~-> 00:16:29,640
1179 instructed to do, were to utilize these
1180
1181 296
1182 00:16:29,640 ~-~-> 00:16:34,260
1183 concepts and move forward. And you judge
1184
1185 297
1186 00:16:34,290 ~-~-> 00:16:37,830
1187 whether or not they're useful to you. I
1188
1189 298
1190 00:16:37,830 ~-~-> 00:16:39,210
1191 can assure you if you spend some time
1192
1193 299
1194 00:16:39,210 ~-~-> 00:16:39,570
1195 with it,
1196
1197 300
1198 00:16:41,220 ~-~-> 00:16:42,240
1199 you're going to find that
1200
1201 301
1202 00:16:43,200 ~-~-> 00:16:45,390
1203 it's hard pressed to find something is
1204
1205 302
1206 00:16:45,390 ~-~-> 00:16:49,080
1207 more accurate than what's being shared
1208
1209 303
1210 00:16:49,080 ~-~-> 00:16:53,400
1211 in this video series because it doesn't
1212
1213 304
1214 00:16:53,400 ~-~-> 00:16:55,590
1215 exist anywhere else. And
1216
1217 305
1218 00:16:56,970 ~-~-> 00:16:58,140
1219 if I didn't make money with it,
1220
1221 306
1222 00:17:01,500 ~-~-> 00:17:05,070
1223 I could sell the concepts and try to,
1224
1225 307
1226 00:17:05,160 ~-~-> 00:17:07,560
1227 you know, build a service system around
1228
1229 308
1230 00:17:07,560 ~-~-> 00:17:10,890
1231 it. But I'm not interested in doing I
1232
1233 309
1234 00:17:10,890 ~-~-> 00:17:13,500
1235 make a lot more money actually utilizing
1236
1237 310
1238 00:17:13,500 ~-~-> 00:17:17,370
1239 it. So it's obviously something that you
1240
1241 311
1242 00:17:17,370 ~-~-> 00:17:21,210
1243 can learn on your own. And it's not just
1244
1245 312
1246 00:17:21,570 ~-~-> 00:17:24,240
1247 this pair, okay? It's not just the
1248
1249 313
1250 00:17:24,240 ~-~-> 00:17:26,910
1251 cable. Okay, British Pound USD, not the
1252
1253 314
1254 00:17:26,910 ~-~-> 00:17:29,430
1255 pairs that ICT likes, it's, it's
1256
1257 315
1258 00:17:29,430 ~-~-> 00:17:31,980
1259 universal. And because it is universal,
1260
1261 316
1262 00:17:31,980 ~-~-> 00:17:33,810
1263 and you can use it in other pairs, and
1264
1265 317
1266 00:17:33,810 ~-~-> 00:17:34,920
1267 we're going to take a look at that now
1268
1269 318
1270 00:17:34,920 ~-~-> 00:17:37,830
1271 with two of the weirdest pairs in the
1272
1273 319
1274 00:17:37,830 ~-~-> 00:17:40,920
1275 ICT repertoire. But we're gonna be
1276
1277 320
1278 00:17:40,920 ~-~-> 00:17:42,750
1279 taking a look at the Canadian dollar and
1280
1281 321
1282 00:17:42,750 ~-~-> 00:17:44,820
1283 Japanese yen. I know you're scratching
1284
1285 322
1286 00:17:44,820 ~-~-> 00:17:46,440
1287 your head thinking what is that? And
1288
1289 323
1290 00:17:46,440 ~-~-> 00:17:49,230
1291 then the Australian Japanese yen. Okay,
1292
1293 324
1294 00:17:49,560 ~-~-> 00:17:51,300
1295 so take a look at those now. Okay,
1296
1297 325
1298 00:17:51,300 ~-~-> 00:17:52,860
1299 folks, we're looking at a pair that I
1300
1301 326
1302 00:17:53,400 ~-~-> 00:17:55,560
1303 never trade. But I just want to give you
1304
1305 327
1306 00:17:55,560 ~-~-> 00:17:59,280
1307 these examples to kind of frame the
1308
1309 328
1310 00:17:59,310 ~-~-> 00:18:01,500
1311 universal app. occation of these
1312
1313 329
1314 00:18:01,500 ~-~-> 00:18:04,590
1315 concepts and really communicate that
1316
1317 330
1318 00:18:04,620 ~-~-> 00:18:07,410
1319 it's not limited just to the fiber and
1320
1321 331
1322 00:18:07,410 ~-~-> 00:18:10,920
1323 cable, which I mean predominantly my, my
1324
1325 332
1326 00:18:10,920 ~-~-> 00:18:14,340
1327 pet pairs in the Forex market. I like to
1328
1329 333
1330 00:18:14,340 ~-~-> 00:18:17,310
1331 stay within the majors. But if you are
1332
1333 334
1334 00:18:17,310 ~-~-> 00:18:19,020
1335 just really one of those types of
1336
1337 335
1338 00:18:19,020 ~-~-> 00:18:20,190
1339 traders where you just have to be
1340
1341 336
1342 00:18:20,190 ~-~-> 00:18:22,710
1343 trading these exotic pairs, well, you
1344
1345 337
1346 00:18:22,710 ~-~-> 00:18:24,900
1347 know, it still works, but I just simply
1348
1349 338
1350 00:18:25,260 ~-~-> 00:18:28,140
1351 don't trade it myself. Okay, so, we're
1352
1353 339
1354 00:18:28,140 ~-~-> 00:18:31,230
1355 gonna look at this example. It's a four
1356
1357 340
1358 00:18:31,230 ~-~-> 00:18:33,750
1359 hour chart on the Canadian dollar in
1360
1361 341
1362 00:18:33,750 ~-~-> 00:18:37,560
1363 Japanese yen pair. And I generally don't
1364
1365 342
1366 00:18:37,560 ~-~-> 00:18:40,050
1367 like to trade in pairs, but you know,
1368
1369 343
1370 00:18:40,050 ~-~-> 00:18:41,760
1371 again, just to illustrate the
1372
1373 344
1374 00:18:41,850 ~-~-> 00:18:45,930
1375 effectiveness of the tools. I want to
1376
1377 345
1378 00:18:45,930 ~-~-> 00:18:47,010
1379 draw your attention to the fact that we
1380
1381 346
1382 00:18:47,010 ~-~-> 00:18:49,440
1383 had this nice rally up, can we get this
1384
1385 347
1386 00:18:49,440 ~-~-> 00:18:53,580
1387 really really rapid increase in price?
1388
1389 348
1390 00:18:54,300 ~-~-> 00:18:57,570
1391 About 500 pips or more, between the low
1392
1393 349
1394 00:18:57,570 ~-~-> 00:19:00,300
1395 here in August, the high formed late In
1396
1397 350
1398 00:19:00,510 ~-~-> 00:19:02,970
1399 September, and I want to draw your
1400
1401 351
1402 00:19:02,970 ~-~-> 00:19:04,620
1403 attention to the fact that we had a few
1404
1405 352
1406 00:19:04,620 ~-~-> 00:19:08,070
1407 areas of where price could reasonably
1408
1409 353
1410 00:19:08,070 ~-~-> 00:19:12,180
1411 expect to see a bounce. You see this
1412
1413 354
1414 00:19:12,210 ~-~-> 00:19:14,310
1415 consolidation in here, and we had a
1416
1417 355
1418 00:19:14,310 ~-~-> 00:19:17,520
1419 consolidation here as well. Notice
1420
1421 356
1422 00:19:17,520 ~-~-> 00:19:19,950
1423 they're accumulating around old highs
1424
1425 357
1426 00:19:19,950 ~-~-> 00:19:21,300
1427 and lows here to the left side of your
1428
1429 358
1430 00:19:21,300 ~-~-> 00:19:23,550
1431 chart. Let me draw your attention
1432
1433 359
1434 00:19:23,580 ~-~-> 00:19:25,530
1435 specifically to this one right here.
1436
1437 360
1438 00:19:25,680 ~-~-> 00:19:29,100
1439 Okay, this is a down candle within this
1440
1441 361
1442 00:19:29,100 ~-~-> 00:19:31,380
1443 consolidation prior to the move out of
1444
1445 362
1446 00:19:31,380 ~-~-> 00:19:32,700
1447 this consolidation onwards, we're going
1448
1449 363
1450 00:19:32,700 ~-~-> 00:19:35,880
1451 to be using the high of that candle as
1452
1453 364
1454 00:19:35,880 ~-~-> 00:19:38,880
1455 the beginning point of where a
1456
1457 365
1458 00:19:39,300 ~-~-> 00:19:41,460
1459 institutional order block may reside.
1460
1461 366
1462 00:19:42,090 ~-~-> 00:19:44,490
1463 Okay, and there's a few things that we
1464
1465 367
1466 00:19:44,490 ~-~-> 00:19:48,570
1467 could be utilizing in this setup. We
1468
1469 368
1470 00:19:48,570 ~-~-> 00:19:52,380
1471 could be referring to this swing low
1472
1473 369
1474 00:19:52,380 ~-~-> 00:19:58,920
1475 here, prior to this rally up. Okay,
1476
1477 370
1478 00:19:58,920 ~-~-> 00:20:00,780
1479 we're going to use the highest Hi, which
1480
1481 371
1482 00:20:00,780 ~-~-> 00:20:03,480
1483 is this one right here. Okay, notice we
1484
1485 372
1486 00:20:03,480 ~-~-> 00:20:07,770
1487 have a 62% optimal trade entry overlaid
1488
1489 373
1490 00:20:07,770 ~-~-> 00:20:10,650
1491 right here. Okay? See how that's very
1492
1493 374
1494 00:20:10,650 ~-~-> 00:20:14,640
1495 close to proximity of that 9460 we got
1496
1497 375
1498 00:20:14,640 ~-~-> 00:20:16,740
1499 9465 there's only a variance of five
1500
1501 376
1502 00:20:16,740 ~-~-> 00:20:19,770
1503 pips. Nothing wrong with that. Okay. So
1504
1505 377
1506 00:20:20,040 ~-~-> 00:20:26,700
1507 anywhere between the 9465 9460, maybe
1508
1509 378
1510 00:20:26,700 ~-~-> 00:20:29,550
1511 even 55 level to allow for some
1512
1513 379
1514 00:20:29,550 ~-~-> 00:20:31,950
1515 slippage. To allow these orders to be
1516
1517 380
1518 00:20:32,430 ~-~-> 00:20:34,980
1519 pinged. We could see a nice little
1520
1521 381
1522 00:20:35,220 ~-~-> 00:20:42,780
1523 bounce in here, okay, and another area
1524
1525 382
1526 00:20:44,130 ~-~-> 00:20:46,170
1527 where we have consolidation which is in
1528
1529 383
1530 00:20:46,170 ~-~-> 00:20:48,720
1531 here, okay, prior to the rally up out of
1532
1533 384
1534 00:20:48,720 ~-~-> 00:20:51,210
1535 that consolidation, the down candle
1536
1537 385
1538 00:20:51,270 ~-~-> 00:20:53,280
1539 prior to the move is right in here.
1540
1541 386
1542 00:20:55,260 ~-~-> 00:20:56,460
1543 Okay, so we're gonna use the high that
1544
1545 387
1546 00:20:56,460 ~-~-> 00:20:59,970
1547 candle right in there. Okay, and if
1548
1549 388
1550 00:21:00,000 ~-~-> 00:21:03,690
1551 Price trades lower in much deeper into
1552
1553 389
1554 00:21:03,690 ~-~-> 00:21:06,540
1555 that price swing. Okay, we could use
1556
1557 390
1558 00:21:06,960 ~-~-> 00:21:09,990
1559 this low to this high because we're
1560
1561 391
1562 00:21:09,990 ~-~-> 00:21:11,460
1563 looking at the range between the low
1564
1565 392
1566 00:21:11,460 ~-~-> 00:21:13,470
1567 here and the high here much in the same
1568
1569 393
1570 00:21:13,470 ~-~-> 00:21:16,350
1571 way we did this low to this high. Okay?
1572
1573 394
1574 00:21:16,740 ~-~-> 00:21:18,360
1575 Notice we have the 79 cent tradesmen
1576
1577 395
1578 00:21:18,360 ~-~-> 00:21:21,450
1579 level laying right on that same order
1580
1581 396
1582 00:21:21,450 ~-~-> 00:21:24,990
1583 block. Okay. So, if the optimal trade
1584
1585 397
1586 00:21:24,990 ~-~-> 00:21:28,500
1587 entry sees price come trading down into
1588
1589 398
1590 00:21:28,500 ~-~-> 00:21:30,510
1591 these levels here, that could be a
1592
1593 399
1594 00:21:30,510 ~-~-> 00:21:32,970
1595 favorable area to be anticipating a
1596
1597 400
1598 00:21:33,330 ~-~-> 00:21:36,870
1599 bounce as well. Now again, all these
1600
1601 401
1602 00:21:36,870 ~-~-> 00:21:40,530
1603 levels do our highlight areas where on
1604
1605 402
1606 00:21:40,530 ~-~-> 00:21:43,620
1607 the smaller timeframe, price entry
1608
1609 403
1610 00:21:43,650 ~-~-> 00:21:47,400
1611 patterns formulate, okay or come to
1612
1613 404
1614 00:21:47,400 ~-~-> 00:21:49,410
1615 fruition. And since we're teaching the
1616
1617 405
1618 00:21:49,410 ~-~-> 00:21:51,570
1619 optimal trade entry, which is the
1620
1621 406
1622 00:21:51,600 ~-~-> 00:21:53,400
1623 retracement inside of a price swing
1624
1625 407
1626 00:21:53,400 ~-~-> 00:21:55,560
1627 between 62 and setting us up tracing the
1628
1629 408
1630 00:21:55,560 ~-~-> 00:21:59,100
1631 level we would like to see a price
1632
1633 409
1634 00:21:59,100 ~-~-> 00:22:01,410
1635 pattern in The same capacity and the
1636
1637 410
1638 00:22:01,410 ~-~-> 00:22:02,430
1639 fractal nature
1640
1641 411
1642 00:22:02,730 ~-~-> 00:22:05,610
1643 on a smaller timeframe, ie five minute
1644
1645 412
1646 00:22:05,610 ~-~-> 00:22:09,360
1647 15 minute. Okay, so with that said let's
1648
1649 413
1650 00:22:09,810 ~-~-> 00:22:12,480
1651 take a look at what transpired. Okay,
1652
1653 414
1654 00:22:12,480 ~-~-> 00:22:14,670
1655 first we're going to look at is here and
1656
1657 415
1658 00:22:14,670 ~-~-> 00:22:17,400
1659 here the second one. Okay as price moves
1660
1661 416
1662 00:22:17,400 ~-~-> 00:22:20,040
1663 along. Notice how price came right down
1664
1665 417
1666 00:22:20,040 ~-~-> 00:22:24,870
1667 to that level right there. Okay. And
1668
1669 418
1670 00:22:24,870 ~-~-> 00:22:27,000
1671 bounced up just in that little bounce
1672
1673 419
1674 00:22:27,000 ~-~-> 00:22:29,490
1675 right there. We're looking at a
1676
1677 420
1678 00:22:29,490 ~-~-> 00:22:30,390
1679 potential
1680
1681 421
1682 00:22:31,530 ~-~-> 00:22:32,070
1683 for
1684
1685 422
1686 00:22:32,610 ~-~-> 00:22:36,630
1687 price move of 100 pips. Okay, if you can
1688
1689 423
1690 00:22:36,630 ~-~-> 00:22:39,960
1691 see that. The middle number here it's
1692
1693 424
1694 00:22:39,960 ~-~-> 00:22:43,470
1695 100 pips. Nothing wrong with that. Okay,
1696
1697 425
1698 00:22:43,470 ~-~-> 00:22:45,000
1699 and that's intraday again each one of
1700
1701 426
1702 00:22:45,000 ~-~-> 00:22:46,710
1703 these candles represents a four hour
1704
1705 427
1706 00:22:46,710 ~-~-> 00:22:50,910
1707 time period. Okay price and variably
1708
1709 428
1710 00:22:50,910 ~-~-> 00:22:53,820
1711 goes lower trades in the direction of
1712
1713 429
1714 00:22:53,820 ~-~-> 00:22:56,940
1715 the higher timeframe. retracement. Okay
1716
1717 430
1718 00:22:56,940 ~-~-> 00:22:59,760
1719 and as price moves around comes back up.
1720
1721 431
1722 00:23:00,540 ~-~-> 00:23:04,590
1723 Some resistance that same level twice,
1724
1725 432
1726 00:23:04,860 ~-~-> 00:23:06,600
1727 and it moves down to what level that
1728
1729 433
1730 00:23:06,600 ~-~-> 00:23:10,830
1731 9337 okay 9337. So we came right back
1732
1733 434
1734 00:23:10,830 ~-~-> 00:23:13,350
1735 down to this point of origin, or this
1736
1737 435
1738 00:23:13,350 ~-~-> 00:23:16,110
1739 initial price move originated. Okay,
1740
1741 436
1742 00:23:16,920 ~-~-> 00:23:19,680
1743 price comes down, steps through it,
1744
1745 437
1746 00:23:20,160 ~-~-> 00:23:21,510
1747 pinging any orders that would have been
1748
1749 438
1750 00:23:21,510 ~-~-> 00:23:26,790
1751 around that 9335 to 9340 level. Okay?
1752
1753 439
1754 00:23:26,970 ~-~-> 00:23:31,020
1755 And price proceeds to move up into
1756
1757 440
1758 00:23:31,020 ~-~-> 00:23:34,890
1759 present market. If you look at where we
1760
1761 441
1762 00:23:34,890 ~-~-> 00:23:38,640
1763 moved from this level here, up to the
1764
1765 442
1766 00:23:38,640 ~-~-> 00:23:40,380
1767 high Now again, this is the best case
1768
1769 443
1770 00:23:40,380 ~-~-> 00:23:43,740
1771 scenario. That's 180 plus pips. Okay,
1772
1773 444
1774 00:23:43,740 ~-~-> 00:23:46,920
1775 just trading that bounce right here. Now
1776
1777 445
1778 00:23:46,920 ~-~-> 00:23:48,240
1779 what we're going to do is we're going to
1780
1781 446
1782 00:23:48,450 ~-~-> 00:23:53,490
1783 break that down and zoom in into both of
1784
1785 447
1786 00:23:53,490 ~-~-> 00:23:58,380
1787 those areas to highlight where price
1788
1789 448
1790 00:23:59,280 ~-~-> 00:23:59,970
1791 may have
1792
1793 449
1794 00:24:01,740 ~-~-> 00:24:02,850
1795 Because we don't know I'm looking at
1796
1797 450
1798 00:24:02,850 ~-~-> 00:24:05,670
1799 these examples the first time, so I may
1800
1801 451
1802 00:24:05,670 ~-~-> 00:24:08,130
1803 be encountered with an opportunity that
1804
1805 452
1806 00:24:08,370 ~-~-> 00:24:11,700
1807 wasn't there. Okay? But for now we're
1808
1809 453
1810 00:24:11,700 ~-~-> 00:24:14,070
1811 just gonna take a look at this here. I'm
1812
1813 454
1814 00:24:14,070 ~-~-> 00:24:15,240
1815 gonna price trades down into these
1816
1817 455
1818 00:24:15,240 ~-~-> 00:24:17,220
1819 levels here, we want to be looking for
1820
1821 456
1822 00:24:17,460 ~-~-> 00:24:20,280
1823 an optimal trade entry to key off on a
1824
1825 457
1826 00:24:20,280 ~-~-> 00:24:22,260
1827 lower timeframe. Okay, so we're going to
1828
1829 458
1830 00:24:22,260 ~-~-> 00:24:24,600
1831 do that now. Okay, we're zoomed in on
1832
1833 459
1834 00:24:24,600 ~-~-> 00:24:26,130
1835 the Canadian dollar Japanese yen pair to
1836
1837 460
1838 00:24:26,220 ~-~-> 00:24:27,510
1839 the five minute chart. And this is the
1840
1841 461
1842 00:24:27,510 ~-~-> 00:24:30,120
1843 first of the higher most price levels
1844
1845 462
1846 00:24:30,120 ~-~-> 00:24:31,320
1847 that we're looking at on the four hour
1848
1849 463
1850 00:24:31,320 ~-~-> 00:24:35,940
1851 chart. And this is the day that the last
1852
1853 464
1854 00:24:35,940 ~-~-> 00:24:38,820
1855 video of this series was recorded and
1856
1857 465
1858 00:24:38,820 ~-~-> 00:24:40,890
1859 posted on YouTube. This is September 30.
1860
1861 466
1862 00:24:42,120 ~-~-> 00:24:44,820
1863 And we're moving down inside of this for
1864
1865 467
1866 00:24:44,820 ~-~-> 00:24:47,490
1867 our order block, delineating with this
1868
1869 468
1870 00:24:47,520 ~-~-> 00:24:52,080
1871 blue level in here. Okay, and when we
1872
1873 469
1874 00:24:52,920 ~-~-> 00:24:55,710
1875 look for specific price patterns, okay,
1876
1877 470
1878 00:24:55,710 ~-~-> 00:24:56,730
1879 there's a couple things we got to go
1880
1881 471
1882 00:24:56,730 ~-~-> 00:24:59,280
1883 back to remember, we're in the fifth
1884
1885 472
1886 00:24:59,550 ~-~-> 00:25:01,590
1887 part of this series but it's not that
1888
1889 473
1890 00:25:01,590 ~-~-> 00:25:03,060
1891 you're supposed to forget everything we
1892
1893 474
1894 00:25:03,060 ~-~-> 00:25:04,260
1895 learned and covered in the previous
1896
1897 475
1898 00:25:04,260 ~-~-> 00:25:06,900
1899 videos. We're going to now go back
1900
1901 476
1902 00:25:07,020 ~-~-> 00:25:09,390
1903 throughout the first four videos and
1904
1905 477
1906 00:25:09,390 ~-~-> 00:25:12,000
1907 pull out some of the gems that you
1908
1909 478
1910 00:25:12,000 ~-~-> 00:25:13,740
1911 should have been gleaning and keeping
1912
1913 479
1914 00:25:13,740 ~-~-> 00:25:15,990
1915 track of on your little notepad. And
1916
1917 480
1918 00:25:16,590 ~-~-> 00:25:17,970
1919 hopefully you can start seeing these
1920
1921 481
1922 00:25:17,970 ~-~-> 00:25:21,480
1923 things start synergizing Okay, when we
1924
1925 482
1926 00:25:21,480 ~-~-> 00:25:23,730
1927 see an order block like this, okay, much
1928
1929 483
1930 00:25:23,730 ~-~-> 00:25:25,140
1931 like in high level timeframe, key
1932
1933 484
1934 00:25:25,140 ~-~-> 00:25:26,820
1935 support resistance level, we are to
1936
1937 485
1938 00:25:26,820 ~-~-> 00:25:30,150
1939 calibrate them. Okay, this level here
1940
1941 486
1942 00:25:30,150 ~-~-> 00:25:33,000
1943 that 9460 is already calibrated to a
1944
1945 487
1946 00:25:33,000 ~-~-> 00:25:35,100
1947 small round number. But now think in
1948
1949 488
1950 00:25:35,100 ~-~-> 00:25:38,490
1951 terms of big round numbers. Okay, we
1952
1953 489
1954 00:25:38,490 ~-~-> 00:25:43,350
1955 have the 9480 level, institutional up
1956
1957 490
1958 00:25:43,350 ~-~-> 00:25:45,390
1959 here. Okay, so that's one level to be
1960
1961 491
1962 00:25:45,390 ~-~-> 00:25:47,040
1963 considered. Okay, what we're gonna do is
1964
1965 492
1966 00:25:47,040 ~-~-> 00:25:53,160
1967 we're gonna draw a line on that. Okay,
1968
1969 493
1970 00:25:53,190 ~-~-> 00:25:56,940
1971 so that may be one of interest. And we
1972
1973 494
1974 00:25:56,940 ~-~-> 00:25:59,070
1975 have one here this just a little bit
1976
1977 495
1978 00:25:59,100 ~-~-> 00:26:00,690
1979 outside of the country. But you still
1980
1981 496
1982 00:26:00,690 ~-~-> 00:26:02,880
1983 have to consider it because of static
1984
1985 497
1986 00:26:02,910 ~-~-> 00:26:05,850
1987 alone. Okay? Just a normal volatility in
1988
1989 498
1990 00:26:05,850 ~-~-> 00:26:08,820
1991 the marketplace. If it goes to 9460.
1992
1993 499
1994 00:26:09,150 ~-~-> 00:26:11,220
1995 Okay, and your block dips below that,
1996
1997 500
1998 00:26:11,430 ~-~-> 00:26:15,810
1999 chances are it could utilize the 9450
2000
2001 501
2002 00:26:15,810 ~-~-> 00:26:18,570
2003 level, the big figure halfway part
2004
2005 502
2006 00:26:18,630 ~-~-> 00:26:21,600
2007 nords. It's a mid figure. So what we're
2008
2009 503
2010 00:26:21,600 ~-~-> 00:26:24,360
2011 going to do is we're going to have our
2012
2013 504
2014 00:26:24,360 ~-~-> 00:26:29,100
2015 chart and I'm going to highlight that
2016
2017 505
2018 00:26:29,100 ~-~-> 00:26:35,250
2019 level here. Okay? Now if you refer back
2020
2021 506
2022 00:26:35,250 ~-~-> 00:26:38,190
2023 to the previous videos, okay, you're
2024
2025 507
2026 00:26:38,190 ~-~-> 00:26:41,160
2027 gonna remember this term, hidden,
2028
2029 508
2030 00:26:41,250 ~-~-> 00:26:44,550
2031 optimal trade entry. Okay? Remember
2032
2033 509
2034 00:26:44,550 ~-~-> 00:26:47,190
2035 support and resistance, if it's good, it
2036
2037 510
2038 00:26:47,190 ~-~-> 00:26:50,640
2039 won't go down to the level twice, okay?
2040
2041 511
2042 00:26:50,640 ~-~-> 00:26:52,800
2043 In other words, it will be accumulated
2044
2045 512
2046 00:26:52,920 ~-~-> 00:26:55,830
2047 and then it won't go back and dip down
2048
2049 513
2050 00:26:55,830 ~-~-> 00:26:57,330
2051 further. That's the premise between
2052
2053 514
2054 00:26:57,330 ~-~-> 00:27:00,270
2055 optimal trade entry. Well, sometimes We
2056
2057 515
2058 00:27:00,270 ~-~-> 00:27:04,230
2059 don't necessarily have a specific price
2060
2061 516
2062 00:27:04,230 ~-~-> 00:27:06,570
2063 action onwards, there's a gap between
2064
2065 517
2066 00:27:06,600 ~-~-> 00:27:09,270
2067 the 50 level and we're price is trading
2068
2069 518
2070 00:27:09,270 ~-~-> 00:27:12,990
2071 in here. Okay? Now remember, gaps don't
2072
2073 519
2074 00:27:13,020 ~-~-> 00:27:15,750
2075 always have to be filled. And that
2076
2077 520
2078 00:27:15,750 ~-~-> 00:27:18,660
2079 notion is one of the central tenants to
2080
2081 521
2082 00:27:18,660 ~-~-> 00:27:20,550
2083 this pattern. And this is one of the
2084
2085 522
2086 00:27:20,550 ~-~-> 00:27:22,860
2087 applications you can utilize for. So
2088
2089 523
2090 00:27:22,860 ~-~-> 00:27:23,940
2091 we're going to do is we're going to have
2092
2093 524
2094 00:27:23,940 ~-~-> 00:27:26,520
2095 our Fibonacci tool, okay. And our point
2096
2097 525
2098 00:27:26,550 ~-~-> 00:27:28,740
2099 of reference here is this is the highest
2100
2101 526
2102 00:27:28,740 ~-~-> 00:27:32,940
2103 high at the time, okay, going into this
2104
2105 527
2106 00:27:32,940 ~-~-> 00:27:34,230
2107 order block, and we're going to
2108
2109 528
2110 00:27:34,260 ~-~-> 00:27:38,370
2111 reference this 9450 level, okay? And you
2112
2113 529
2114 00:27:38,370 ~-~-> 00:27:40,770
2115 pull this up, and what you're looking
2116
2117 530
2118 00:27:40,770 ~-~-> 00:27:42,390
2119 for is you're going to drop it right on
2120
2121 531
2122 00:27:42,390 ~-~-> 00:27:45,330
2123 the highest high like that. So you
2124
2125 532
2126 00:27:45,330 ~-~-> 00:27:49,380
2127 anchored your 100 level, to the 9450,
2128
2129 533
2130 00:27:49,620 ~-~-> 00:27:52,050
2131 mid figure point. Okay. And that's going
2132
2133 534
2134 00:27:52,050 ~-~-> 00:27:53,310
2135 to give you a range between the mid
2136
2137 535
2138 00:27:53,310 ~-~-> 00:27:55,080
2139 figure and the highest high in here.
2140
2141 536
2142 00:27:55,590 ~-~-> 00:27:57,720
2143 Okay, now I've prices accumulating in
2144
2145 537
2146 00:27:57,720 ~-~-> 00:28:01,650
2147 here now You are not going to see this
2148
2149 538
2150 00:28:01,650 ~-~-> 00:28:03,450
2151 sibilant Fibonacci tool application
2152
2153 539
2154 00:28:03,480 ~-~-> 00:28:05,340
2155 anywhere else. This is completely and
2156
2157 540
2158 00:28:05,430 ~-~-> 00:28:09,540
2159 utterly unique to me, okay, now I catch
2160
2161 541
2162 00:28:09,540 ~-~-> 00:28:11,460
2163 a lot of flack for this thing but also
2164
2165 542
2166 00:28:11,460 ~-~-> 00:28:13,920
2167 catch a whole lot of incredible entry
2168
2169 543
2170 00:28:13,920 ~-~-> 00:28:17,430
2171 points and I trades that support it and
2172
2173 544
2174 00:28:17,430 ~-~-> 00:28:20,490
2175 results that reflect it. So bottom line
2176
2177 545
2178 00:28:20,490 ~-~-> 00:28:22,500
2179 is it's going to take a knack for you to
2180
2181 546
2182 00:28:22,500 ~-~-> 00:28:24,960
2183 learn to trust this, okay, in the only
2184
2185 547
2186 00:28:24,960 ~-~-> 00:28:26,880
2187 way you do it, is if you play around
2188
2189 548
2190 00:28:26,880 ~-~-> 00:28:29,220
2191 with it, and you do your own research on
2192
2193 549
2194 00:28:29,220 ~-~-> 00:28:31,590
2195 this pattern, okay? But it's still an
2196
2197 550
2198 00:28:31,590 ~-~-> 00:28:33,240
2199 optimal trade entry. It's a retracement
2200
2201 551
2202 00:28:33,240 ~-~-> 00:28:36,090
2203 within a range. Now it's prices not
2204
2205 552
2206 00:28:36,090 ~-~-> 00:28:38,850
2207 traded down to this point yet okay. But
2208
2209 553
2210 00:28:38,850 ~-~-> 00:28:40,110
2211 because there are psychological
2212
2213 554
2214 00:28:40,140 ~-~-> 00:28:44,370
2215 barriers, okay in price we have to
2216
2217 555
2218 00:28:44,370 ~-~-> 00:28:47,130
2219 consider it okay. And the way I use it
2220
2221 556
2222 00:28:47,400 ~-~-> 00:28:49,860
2223 is like this, okay? So if price trades
2224
2225 557
2226 00:28:49,860 ~-~-> 00:28:54,240
2227 down to the 9474 level 9469 or 9463
2228
2229 558
2230 00:28:55,260 ~-~-> 00:28:57,090
2231 that would constitute an optimal trade
2232
2233 559
2234 00:28:57,090 ~-~-> 00:28:59,970
2235 entry. Okay. Within the order block.
2236
2237 560
2238 00:29:00,870 ~-~-> 00:29:02,370
2239 With the understanding of premise that
2240
2241 561
2242 00:29:02,370 ~-~-> 00:29:06,930
2243 it may not get down to 9460 or 294 50
2244
2245 562
2246 00:29:07,410 ~-~-> 00:29:09,450
2247 okay or very well may just trade through
2248
2249 563
2250 00:29:09,450 ~-~-> 00:29:11,640
2251 it and spike even lower and not even
2252
2253 564
2254 00:29:11,640 ~-~-> 00:29:14,220
2255 give me a pattern at all. Okay but we
2256
2257 565
2258 00:29:14,220 ~-~-> 00:29:16,350
2259 have to consider this is a range even
2260
2261 566
2262 00:29:16,350 ~-~-> 00:29:18,210
2263 though price is not traded to it as of
2264
2265 567
2266 00:29:18,210 ~-~-> 00:29:21,180
2267 yet or if at all. We still consider that
2268
2269 568
2270 00:29:21,180 ~-~-> 00:29:25,290
2271 because it's a probable range within
2272
2273 569
2274 00:29:25,650 ~-~-> 00:29:29,430
2275 where price may have a bounce. Okay. And
2276
2277 570
2278 00:29:29,430 ~-~-> 00:29:30,660
2279 I'll give you more examples in this
2280
2281 571
2282 00:29:30,660 ~-~-> 00:29:33,300
2283 series, but for now, let's just work
2284
2285 572
2286 00:29:33,300 ~-~-> 00:29:33,810
2287 with this one.
2288
2289 573
2290 00:29:35,280 ~-~-> 00:29:36,480
2291 And as price moves
2292
2293 574
2294 00:29:37,260 ~-~-> 00:29:40,230
2295 down into this level, okay, price goes
2296
2297 575
2298 00:29:40,260 ~-~-> 00:29:42,090
2299 just a little bit through the 79%
2300
2301 576
2302 00:29:42,090 ~-~-> 00:29:43,620
2303 retracement level doesn't get to the
2304
2305 577
2306 00:29:43,620 ~-~-> 00:29:50,970
2307 9460 here. Price begins to rally off and
2308
2309 578
2310 00:29:50,970 ~-~-> 00:29:55,860
2311 takes off. Okay, and there is
2312
2313 579
2314 00:29:57,060 ~-~-> 00:29:59,700
2315 approximately 100 pips in price swing
2316
2317 580
2318 00:29:59,730 ~-~-> 00:30:02,460
2319 right in Here, okay, so you're finding
2320
2321 581
2322 00:30:02,460 ~-~-> 00:30:08,850
2323 the range where price may produce a move
2324
2325 582
2326 00:30:08,850 ~-~-> 00:30:11,790
2327 of sorts, but it's going to elude you if
2328
2329 583
2330 00:30:11,790 ~-~-> 00:30:13,170
2331 you're just looking for simple things
2332
2333 584
2334 00:30:13,170 ~-~-> 00:30:14,790
2335 like this, like here's a low to this
2336
2337 585
2338 00:30:14,790 ~-~-> 00:30:17,130
2339 high. If price retraces down to a range
2340
2341 586
2342 00:30:17,130 ~-~-> 00:30:19,170
2343 between this low and this high, that's
2344
2345 587
2346 00:30:19,200 ~-~-> 00:30:23,220
2347 basic price retracement. This is higher
2348
2349 588
2350 00:30:23,460 ~-~-> 00:30:26,790
2351 class, different level type of Fibonacci
2352
2353 589
2354 00:30:26,790 ~-~-> 00:30:29,520
2355 stuff. And again, I didn't learn it
2356
2357 590
2358 00:30:29,520 ~-~-> 00:30:32,160
2359 anywhere, except for in the charts. Just
2360
2361 591
2362 00:30:32,430 ~-~-> 00:30:35,880
2363 you just referencing the mid levels, 250
2364
2365 592
2366 00:30:35,880 ~-~-> 00:30:39,060
2367 levels 200 levels, okay. It's applicable
2368
2369 593
2370 00:30:39,060 ~-~-> 00:30:41,070
2371 at the institutional levels as well. But
2372
2373 594
2374 00:30:41,070 ~-~-> 00:30:42,930
2375 when it's treated, like this
2376
2377 595
2378 00:30:42,930 ~-~-> 00:30:45,030
2379 application, I use really just the full
2380
2381 596
2382 00:30:45,030 ~-~-> 00:30:46,800
2383 figure and mid figure levels, okay,
2384
2385 597
2386 00:30:46,800 ~-~-> 00:30:49,200
2387 because if the order block is like this,
2388
2389 598
2390 00:30:49,200 ~-~-> 00:30:51,690
2391 and it's around that 50 level, I'm going
2392
2393 599
2394 00:30:51,690 ~-~-> 00:30:54,060
2395 to be hunting a setup similar to this.
2396
2397 600
2398 00:30:54,270 ~-~-> 00:30:57,360
2399 Okay. This is, again, a pair I don't
2400
2401 601
2402 00:30:57,360 ~-~-> 00:30:59,970
2403 trade, but you can still utilize this
2404
2405 602
2406 00:31:00,960 ~-~-> 00:31:03,150
2407 This application, any pair of your
2408
2409 603
2410 00:31:03,150 ~-~-> 00:31:05,760
2411 choice, but again, because I know this
2412
2413 604
2414 00:31:05,760 ~-~-> 00:31:07,140
2415 probably went over a lot of your heads,
2416
2417 605
2418 00:31:07,890 ~-~-> 00:31:11,490
2419 and I don't mean to be, you know, a
2420
2421 606
2422 00:31:11,490 ~-~-> 00:31:15,210
2423 braggart but you were going to go
2424
2425 607
2426 00:31:15,210 ~-~-> 00:31:16,410
2427 through the process one more time and
2428
2429 608
2430 00:31:16,410 ~-~-> 00:31:19,980
2431 explain what again, I'm doing. Pricing
2432
2433 609
2434 00:31:19,980 ~-~-> 00:31:21,960
2435 price is trading around into an area
2436
2437 610
2438 00:31:21,960 ~-~-> 00:31:23,670
2439 where an order block on a higher low
2440
2441 611
2442 00:31:23,670 ~-~-> 00:31:25,770
2443 timeframe suggests that we may see a
2444
2445 612
2446 00:31:25,770 ~-~-> 00:31:30,090
2447 bounce, okay? We are trading near a mid
2448
2449 613
2450 00:31:30,090 ~-~-> 00:31:33,390
2451 figure level, okay. And the range on the
2452
2453 614
2454 00:31:33,390 ~-~-> 00:31:35,490
2455 four hour order block suggests that
2456
2457 615
2458 00:31:35,490 ~-~-> 00:31:38,580
2459 price may dip down into at least that
2460
2461 616
2462 00:31:39,030 ~-~-> 00:31:43,110
2463 9455 level and below it. Now, if it's
2464
2465 617
2466 00:31:43,110 ~-~-> 00:31:45,300
2467 going to go there, it very well may go
2468
2469 618
2470 00:31:45,300 ~-~-> 00:31:48,090
2471 to the 9450 level. It doesn't have to.
2472
2473 619
2474 00:31:48,600 ~-~-> 00:31:50,340
2475 Okay, in fact, I'd rather see it not
2476
2477 620
2478 00:31:50,340 ~-~-> 00:31:52,830
2479 doing okay. And that's, that's what this
2480
2481 621
2482 00:31:52,860 ~-~-> 00:31:55,800
2483 pattern hinges on. Okay? So what we do
2484
2485 622
2486 00:31:55,800 ~-~-> 00:31:58,260
2487 is again, once we anchor an area where
2488
2489 623
2490 00:31:58,260 ~-~-> 00:32:00,540
2491 we can, I clearly identify needs Do a
2492
2493 624
2494 00:32:00,540 ~-~-> 00:32:02,340
2495 horizontal line here. I just use this
2496
2497 625
2498 00:32:02,550 ~-~-> 00:32:04,530
2499 because it's cleaner compared to the two
2500
2501 626
2502 00:32:04,530 ~-~-> 00:32:06,630
2503 lines we already had on the chart. But
2504
2505 627
2506 00:32:06,630 ~-~-> 00:32:08,310
2507 you just take the little crosshairs on
2508
2509 628
2510 00:32:09,720 ~-~-> 00:32:14,070
2511 the little marker here. You anchor it
2512
2513 629
2514 00:32:14,070 ~-~-> 00:32:16,320
2515 there, you pull it up to the highest
2516
2517 630
2518 00:32:16,320 ~-~-> 00:32:20,340
2519 high traded during that consolidation.
2520
2521 631
2522 00:32:20,790 ~-~-> 00:32:23,250
2523 Okay, and as price price trades down
2524
2525 632
2526 00:32:23,250 ~-~-> 00:32:26,730
2527 into it, it'll reach into this range.
2528
2529 633
2530 00:32:27,030 ~-~-> 00:32:29,970
2531 Okay. And I know it sounds like Voodoo.
2532
2533 634
2534 00:32:30,150 ~-~-> 00:32:31,320
2535 Okay, but I'm gonna tell you right now,
2536
2537 635
2538 00:32:31,350 ~-~-> 00:32:33,660
2539 I've blown people away with this pattern
2540
2541 636
2542 00:32:33,990 ~-~-> 00:32:36,720
2543 over and over and over again. And once
2544
2545 637
2546 00:32:36,720 ~-~-> 00:32:39,300
2547 you identify how to use it, it's, it's
2548
2549 638
2550 00:32:39,300 ~-~-> 00:32:42,390
2551 crazy. It's insane. How very, very
2552
2553 639
2554 00:32:42,390 ~-~-> 00:32:44,280
2555 accurate is and it's nowhere in any
2556
2557 640
2558 00:32:44,280 ~-~-> 00:32:45,750
2559 books. It's nowhere in any video
2560
2561 641
2562 00:32:45,750 ~-~-> 00:32:47,730
2563 courses. I wish I could just simply say,
2564
2565 642
2566 00:32:47,730 ~-~-> 00:32:48,900
2567 hey, look, here's another reference
2568
2569 643
2570 00:32:49,740 ~-~-> 00:32:51,330
2571 source you can go to and study it, but
2572
2573 644
2574 00:32:51,330 ~-~-> 00:32:54,090
2575 it's really unique to ICT. So, again,
2576
2577 645
2578 00:32:54,120 ~-~-> 00:32:55,560
2579 it's one of those things where you know,
2580
2581 646
2582 00:32:55,650 ~-~-> 00:32:56,970
2583 whether you like it or don't like it,
2584
2585 647
2586 00:32:57,030 ~-~-> 00:32:58,560
2587 you know, the bottom line is, is I use
2588
2589 648
2590 00:32:58,560 ~-~-> 00:33:00,840
2591 it. It works. It's it's It's a pattern
2592
2593 649
2594 00:33:00,840 ~-~-> 00:33:03,000
2595 that I, I trade all the time. It's
2596
2597 650
2598 00:33:03,000 ~-~-> 00:33:04,650
2599 against the hidden optimal trade entry.
2600
2601 651
2602 00:33:05,490 ~-~-> 00:33:10,980
2603 And it's based upon using support
2604
2605 652
2606 00:33:10,980 ~-~-> 00:33:13,050
2607 resistance levels as your anchor points.
2608
2609 653
2610 00:33:13,350 ~-~-> 00:33:15,810
2611 Okay? Not necessarily a key swing high
2612
2613 654
2614 00:33:15,810 ~-~-> 00:33:18,210
2615 or low, an anchor point referenced
2616
2617 655
2618 00:33:18,240 ~-~-> 00:33:20,310
2619 around price levels itself that being
2620
2621 656
2622 00:33:20,340 ~-~-> 00:33:22,710
2623 the mid figure in this case, or a big
2624
2625 657
2626 00:33:22,710 ~-~-> 00:33:27,120
2627 figure. Okay. So now let's move on and
2628
2629 658
2630 00:33:27,120 ~-~-> 00:33:31,080
2631 take a look at Okay, we are at the
2632
2633 659
2634 00:33:31,080 ~-~-> 00:33:35,670
2635 second of the four hour block potential
2636
2637 660
2638 00:33:35,670 ~-~-> 00:33:37,290
2639 areas on that Canadian Japanese yen
2640
2641 661
2642 00:33:37,290 ~-~-> 00:33:43,200
2643 pair. Okay, and we have this range here
2644
2645 662
2646 00:33:43,200 ~-~-> 00:33:44,670
2647 we have the price bouncing off it
2648
2649 663
2650 00:33:44,670 ~-~-> 00:33:46,950
2651 initially rallying up and then starting
2652
2653 664
2654 00:33:46,950 ~-~-> 00:33:49,350
2655 to come back down. Now, again, you could
2656
2657 665
2658 00:33:49,350 ~-~-> 00:33:51,720
2659 do a few things here, you could use your
2660
2661 666
2662 00:33:51,720 ~-~-> 00:33:53,460
2663 basic optimal trade entry, which is
2664
2665 667
2666 00:33:53,970 ~-~-> 00:33:57,150
2667 pulling a low to a high and if price
2668
2669 668
2670 00:33:57,150 ~-~-> 00:33:58,710
2671 trades down to these levels in here,
2672
2673 669
2674 00:33:59,340 ~-~-> 00:34:02,640
2675 okay. 350 is a good area in here because
2676
2677 670
2678 00:34:02,640 ~-~-> 00:34:04,470
2679 it's around that big, sorry mid figure
2680
2681 671
2682 00:34:04,470 ~-~-> 00:34:07,500
2683 level. Okay, but draw your attention
2684
2685 672
2686 00:34:07,500 ~-~-> 00:34:09,690
2687 back to that for our order block, okay?
2688
2689 673
2690 00:34:10,440 ~-~-> 00:34:15,540
2691 This this level here is 9337 okay 9337
2692
2693 674
2694 00:34:16,290 ~-~-> 00:34:22,200
2695 Where is that in terms of institutional
2696
2697 675
2698 00:34:22,200 ~-~-> 00:34:25,050
2699 levels and big figures and mid figures?
2700
2701 676
2702 00:34:25,440 ~-~-> 00:34:30,300
2703 Okay. Notice that we have the mid figure
2704
2705 677
2706 00:34:30,300 ~-~-> 00:34:33,540
2707 up here, okay. So if I use that
2708
2709 678
2710 00:34:33,540 ~-~-> 00:34:34,350
2711 reference point
2712
2713 679
2714 00:34:40,440 ~-~-> 00:34:44,220
2715 okay we have that. Now if you draw the
2716
2717 680
2718 00:34:44,220 ~-~-> 00:34:46,620
2719 fib with that point, like we just did on
2720
2721 681
2722 00:34:46,620 ~-~-> 00:34:48,660
2723 the previous example. This is what you
2724
2725 682
2726 00:34:48,660 ~-~-> 00:34:52,440
2727 arriva Okay, let me get that belongs.
2728
2729 683
2730 00:34:54,090 ~-~-> 00:34:56,070
2731 Okay, so we're, we're finding the range
2732
2733 684
2734 00:34:56,070 ~-~-> 00:34:58,800
2735 between the mid figure 9350 and this
2736
2737 685
2738 00:34:58,800 ~-~-> 00:35:02,970
2739 high I have 9366 and nine 359, which is
2740
2741 686
2742 00:35:02,970 ~-~-> 00:35:07,050
2743 essentially 9360. Round number, okay.
2744
2745 687
2746 00:35:07,650 ~-~-> 00:35:10,680
2747 Which is it's possible. I mean, it's,
2748
2749 688
2750 00:35:10,740 ~-~-> 00:35:12,180
2751 it's possible you may see a little
2752
2753 689
2754 00:35:12,180 ~-~-> 00:35:16,320
2755 bounce in here. Okay. But is it near the
2756
2757 690
2758 00:35:16,320 ~-~-> 00:35:21,060
2759 order block? No. Okay. So I would
2760
2761 691
2762 00:35:21,060 ~-~-> 00:35:25,050
2763 reference Really? Let's take this film
2764
2765 692
2766 00:35:25,050 ~-~-> 00:35:32,340
2767 off. Okay, you can go down to the 9320
2768
2769 693
2770 00:35:32,340 ~-~-> 00:35:35,610
2771 level. Okay? Because there's your
2772
2773 694
2774 00:35:35,610 ~-~-> 00:35:37,260
2775 institutional level. Now we're going to
2776
2777 695
2778 00:35:37,260 ~-~-> 00:35:39,570
2779 use an application of the optimal trade
2780
2781 696
2782 00:35:39,570 ~-~-> 00:35:39,990
2783 entry.
2784
2785 697
2786 00:35:41,130 ~-~-> 00:35:41,700
2787 Based
2788
2789 698
2790 00:35:41,730 ~-~-> 00:35:44,070
2791 on the psychological level or
2792
2793 699
2794 00:35:44,070 ~-~-> 00:35:45,660
2795 institutional, we like to use the 20
2796
2797 700
2798 00:35:45,660 ~-~-> 00:35:47,700
2799 level. Okay, hidden optimal trade entry,
2800
2801 701
2802 00:35:47,700 ~-~-> 00:35:49,740
2803 again, using the range between that
2804
2805 702
2806 00:35:49,740 ~-~-> 00:35:51,810
2807 level again, we don't know if it's going
2808
2809 703
2810 00:35:51,810 ~-~-> 00:35:53,430
2811 to trade down to that level. In fact,
2812
2813 704
2814 00:35:53,490 ~-~-> 00:35:55,380
2815 we're hoping that it doesn't, but we
2816
2817 705
2818 00:35:55,380 ~-~-> 00:35:57,420
2819 have a range of satellites and tracing
2820
2821 706
2822 00:35:57,420 ~-~-> 00:36:00,960
2823 level comes in at 9336 With a range to
2824
2825 707
2826 00:36:00,960 ~-~-> 00:36:04,050
2827 9348 so anywhere in here once we trade
2828
2829 708
2830 00:36:04,050 ~-~-> 00:36:06,180
2831 down to that level again this was this
2832
2833 709
2834 00:36:06,180 ~-~-> 00:36:08,040
2835 is fairly handsome. I mean there was an
2836
2837 710
2838 00:36:08,040 ~-~-> 00:36:10,560
2839 opportunity in here to be a buyer okay
2840
2841 711
2842 00:36:10,560 ~-~-> 00:36:15,510
2843 between 9348 and 9335 okay if price
2844
2845 712
2846 00:36:15,510 ~-~-> 00:36:17,580
2847 trades right down in there that would
2848
2849 713
2850 00:36:17,580 ~-~-> 00:36:20,190
2851 constitute enough for me to take a buy
2852
2853 714
2854 00:36:20,190 ~-~-> 00:36:25,890
2855 signal okay price trades down dvh
2856
2857 715
2858 00:36:25,890 ~-~-> 00:36:27,690
2859 sentence at trace level just a little
2860
2861 716
2862 00:36:27,690 ~-~-> 00:36:30,540
2863 bit in here okay and rallies on up
2864
2865 717
2866 00:36:35,610 ~-~-> 00:36:38,640
2867 finally breaks through the old market
2868
2869 718
2870 00:36:38,640 ~-~-> 00:36:42,270
2871 structure hi in here you can see it
2872
2873 719
2874 00:36:42,270 ~-~-> 00:36:45,120
2875 trades on up to our previous levels we
2876
2877 720
2878 00:36:45,120 ~-~-> 00:36:47,730
2879 had noted on the earlier example and
2880
2881 721
2882 00:36:47,730 ~-~-> 00:36:50,610
2883 then finally through it. And then today
2884
2885 722
2886 00:36:50,640 ~-~-> 00:36:53,010
2887 it's monkeying around finding support
2888
2889 723
2890 00:36:53,010 ~-~-> 00:36:55,590
2891 it. Let's go back to this point here.
2892
2893 724
2894 00:36:55,800 ~-~-> 00:36:57,780
2895 Okay, cuz I want to show you how, even
2896
2897 725
2898 00:36:57,780 ~-~-> 00:37:00,000
2899 if you were not using the institutional
2900
2901 726
2902 00:37:00,000 ~-~-> 00:37:02,580
2903 levels, okay, and you were going to
2904
2905 727
2906 00:37:02,580 ~-~-> 00:37:07,290
2907 reference, say, the big figure. In this
2908
2909 728
2910 00:37:07,290 ~-~-> 00:37:11,100
2911 example we're going to pull down to the
2912
2913 729
2914 00:37:11,100 ~-~-> 00:37:16,860
2915 93 figure. Okay, and we're going to grab
2916
2917 730
2918 00:37:16,860 ~-~-> 00:37:18,270
2919 that hundred level and we're going to
2920
2921 731
2922 00:37:18,270 ~-~-> 00:37:20,100
2923 anchor it right to that. Now what we're
2924
2925 732
2926 00:37:20,100 ~-~-> 00:37:22,050
2927 doing is again, we're looking at the
2928
2929 733
2930 00:37:22,050 ~-~-> 00:37:24,450
2931 range between the highest high here as
2932
2933 734
2934 00:37:24,450 ~-~-> 00:37:26,160
2935 it's dipping down in that order block.
2936
2937 735
2938 00:37:26,490 ~-~-> 00:37:28,410
2939 We don't expect it to get to nine 300
2940
2941 736
2942 00:37:28,950 ~-~-> 00:37:30,930
2943 because the order blocks up here, okay?
2944
2945 737
2946 00:37:31,440 ~-~-> 00:37:34,440
2947 But we also have price coming right down
2948
2949 738
2950 00:37:34,440 ~-~-> 00:37:36,060
2951 into and it's a little difficult to see
2952
2953 739
2954 00:37:36,060 ~-~-> 00:37:38,340
2955 let me take this horizontal line off. We
2956
2957 740
2958 00:37:38,340 ~-~-> 00:37:40,050
2959 already know what that is anyway, so
2960
2961 741
2962 00:37:40,590 ~-~-> 00:37:43,200
2963 taking it off as should not be a form of
2964
2965 742
2966 00:37:44,520 ~-~-> 00:37:46,380
2967 confusion for you. Price comes right
2968
2969 743
2970 00:37:46,380 ~-~-> 00:37:49,110
2971 into that 62% retracement level. Okay,
2972
2973 744
2974 00:37:49,170 ~-~-> 00:37:52,260
2975 turns on a dime. And you get that same
2976
2977 745
2978 00:37:52,260 ~-~-> 00:37:54,240
2979 turn so either or would have been
2980
2981 746
2982 00:37:54,240 ~-~-> 00:37:56,610
2983 applicable for you here and it would
2984
2985 747
2986 00:37:56,610 ~-~-> 00:37:59,610
2987 have give you a dynamite entry point
2988
2989 748
2990 00:37:59,760 ~-~-> 00:38:02,730
2991 where You've really zeroed in much in
2992
2993 749
2994 00:38:02,730 ~-~-> 00:38:04,650
2995 the same way a sniper does with his
2996
2997 750
2998 00:38:04,650 ~-~-> 00:38:08,220
2999 scope, zooms in and gets the kill shot
3000
3001 751
3002 00:38:08,220 ~-~-> 00:38:11,850
3003 here. Now, again, assuming that you
3004
3005 752
3006 00:38:11,850 ~-~-> 00:38:14,400
3007 don't have this under your belt yet,
3008
3009 753
3010 00:38:14,640 ~-~-> 00:38:16,560
3011 okay? assume you don't have that. And
3012
3013 754
3014 00:38:16,560 ~-~-> 00:38:18,750
3015 it's, it's not saying that you need to
3016
3017 755
3018 00:38:18,750 ~-~-> 00:38:20,370
3019 be ashamed of if you don't have it yet
3020
3021 756
3022 00:38:20,370 ~-~-> 00:38:21,450
3023 because it's going to take a little time
3024
3025 757
3026 00:38:21,450 ~-~-> 00:38:24,480
3027 for you to trust this. Okay? So again,
3028
3029 758
3030 00:38:24,480 ~-~-> 00:38:26,520
3031 you're gonna have to do this on a daily
3032
3033 759
3034 00:38:26,520 ~-~-> 00:38:28,530
3035 basis, go through your charts every
3036
3037 760
3038 00:38:28,530 ~-~-> 00:38:32,040
3039 single day during the five minute chart,
3040
3041 761
3042 00:38:32,310 ~-~-> 00:38:34,260
3043 15 minute chart, an hourly chart, and
3044
3045 762
3046 00:38:34,260 ~-~-> 00:38:36,240
3047 look at how price is trading around
3048
3049 763
3050 00:38:36,240 ~-~-> 00:38:38,730
3051 these big figures, institutional levels,
3052
3053 764
3054 00:38:39,060 ~-~-> 00:38:41,610
3055 okay, and you're looking for price
3056
3057 765
3058 00:38:41,610 ~-~-> 00:38:44,490
3059 within that range from those levels, to
3060
3061 766
3062 00:38:44,490 ~-~-> 00:38:46,950
3063 where prices traded at at highest high
3064
3065 767
3066 00:38:47,040 ~-~-> 00:38:48,900
3067 and lowest low and the same examples
3068
3069 768
3070 00:38:48,900 ~-~-> 00:38:52,080
3071 that we just showed here. Now, let's
3072
3073 769
3074 00:38:52,080 ~-~-> 00:38:55,590
3075 look at how price could be utilized.
3076
3077 770
3078 00:38:59,130 ~-~-> 00:39:02,820
3079 Skip this Boff. I'm going to show you
3080
3081 771
3082 00:39:02,820 ~-~-> 00:39:06,960
3083 how you can use it. Here and sync
3084
3085 772
3086 00:39:06,960 ~-~-> 00:39:12,150
3087 capacity. We're going to highlight the
3088
3089 773
3090 00:39:14,940 ~-~-> 00:39:20,640
3091 50 level here. Put out of your work and
3092
3093 774
3094 00:39:20,640 ~-~-> 00:39:24,750
3095 see it. Okay, read in here. And here's
3096
3097 775
3098 00:39:24,750 ~-~-> 00:39:27,270
3099 how we have price rally up down here. If
3100
3101 776
3102 00:39:27,270 ~-~-> 00:39:31,530
3103 you take your fib again, anchor it right
3104
3105 777
3106 00:39:31,530 ~-~-> 00:39:33,150
3107 on that level, and you're gonna pull it
3108
3109 778
3110 00:39:33,150 ~-~-> 00:39:36,120
3111 up to the highest high here. If price
3112
3113 779
3114 00:39:36,120 ~-~-> 00:39:38,910
3115 retraces down into that 79 to 62%
3116
3117 780
3118 00:39:38,910 ~-~-> 00:39:41,850
3119 retracement level right here, because
3120
3121 781
3122 00:39:41,850 ~-~-> 00:39:43,140
3123 we're moving out of the order block,
3124
3125 782
3126 00:39:43,140 ~-~-> 00:39:44,400
3127 this would be an opportunity for you to
3128
3129 783
3130 00:39:44,400 ~-~-> 00:39:47,070
3131 get in sync with the market move and
3132
3133 784
3134 00:39:47,070 ~-~-> 00:39:49,230
3135 catch, you know, the underlying trend of
3136
3137 785
3138 00:39:49,230 ~-~-> 00:39:51,900
3139 the marketplace using that same premise.
3140
3141 786
3142 00:39:51,960 ~-~-> 00:39:54,510
3143 And the idea is we moved away from the
3144
3145 787
3146 00:39:54,510 ~-~-> 00:39:58,290
3147 50 here, okay, and we made a high Okay,
3148
3149 788
3150 00:39:58,320 ~-~-> 00:40:01,470
3151 we're above that big Mid figure level
3152
3153 789
3154 00:40:03,030 ~-~-> 00:40:04,860
3155 price should not come back down to that
3156
3157 790
3158 00:40:04,860 ~-~-> 00:40:06,630
3159 level. But we have a range between the
3160
3161 791
3162 00:40:06,630 ~-~-> 00:40:09,120
3163 50 and the highest high here. As price
3164
3165 792
3166 00:40:09,120 ~-~-> 00:40:11,370
3167 dips down into that. Right there's an
3168
3169 793
3170 00:40:11,370 ~-~-> 00:40:14,400
3171 opportunity to be a buyer and get in
3172
3173 794
3174 00:40:14,400 ~-~-> 00:40:16,620
3175 sync with the overall existing trend.
3176
3177 795
3178 00:40:17,490 ~-~-> 00:40:26,370
3179 Okay. See that? Okay, we're looking at
3180
3181 796
3182 00:40:26,370 ~-~-> 00:40:28,470
3183 the Australian dollar and Japanese yen
3184
3185 797
3186 00:40:28,500 ~-~-> 00:40:32,550
3187 continuing with the theme of looking at
3188
3189 798
3190 00:40:32,610 ~-~-> 00:40:36,630
3191 pairs that are outside of the ICT normal
3192
3193 799
3194 00:40:36,750 ~-~-> 00:40:39,540
3195 spectrum, okay, and considered an exotic
3196
3197 800
3198 00:40:39,540 ~-~-> 00:40:42,870
3199 pair, if you will. This trade in here is
3200
3201 801
3202 00:40:42,870 ~-~-> 00:40:45,390
3203 one I took on a Live account, and you
3204
3205 802
3206 00:40:45,390 ~-~-> 00:40:47,250
3207 can see the results of that on Twitter.
3208
3209 803
3210 00:40:48,420 ~-~-> 00:40:51,420
3211 And you can find the link on the YouTube
3212
3213 804
3214 00:40:51,810 ~-~-> 00:40:54,120
3215 channel where it shows the results of
3216
3217 805
3218 00:40:54,120 ~-~-> 00:40:59,850
3219 it. And this price swing here I tweeted
3220
3221 806
3222 00:40:59,850 ~-~-> 00:41:02,700
3223 at asking everyone that were interested
3224
3225 807
3226 00:41:02,910 ~-~-> 00:41:05,100
3227 that if they would study this you could
3228
3229 808
3230 00:41:05,100 ~-~-> 00:41:06,960
3231 see where we were moving back into
3232
3233 809
3234 00:41:07,200 ~-~-> 00:41:12,510
3235 anticipated level of for our not sorry
3236
3237 810
3238 00:41:12,870 ~-~-> 00:41:20,040
3239 for our potential order block
3240
3241 811
3242 00:41:20,550 ~-~-> 00:41:25,650
3243 institutional. So as price moved lower
3244
3245 812
3246 00:41:25,680 ~-~-> 00:41:27,540
3247 shader right into that area right here.
3248
3249 813
3250 00:41:27,810 ~-~-> 00:41:30,510
3251 Okay. Now we have this price swing here
3252
3253 814
3254 00:41:32,190 ~-~-> 00:41:34,830
3255 and retracement. So if you take the
3256
3257 815
3258 00:41:37,020 ~-~-> 00:41:39,270
3259 range from here this low to this high
3260
3261 816
3262 00:41:40,530 ~-~-> 00:41:42,750
3263 sea price, we're here to seven nine
3264
3265 817
3266 00:41:42,750 ~-~-> 00:41:46,860
3267 centration level and we've dipped right
3268
3269 818
3270 00:41:46,860 ~-~-> 00:41:49,800
3271 inside that existing water block. So we
3272
3273 819
3274 00:41:49,800 ~-~-> 00:41:54,450
3275 have a range between 9123 and 9127. In
3276
3277 820
3278 00:41:54,450 ~-~-> 00:41:57,540
3279 here's a little difficult to see a
3280
3281 821
3282 00:41:57,540 ~-~-> 00:41:59,010
3283 movie, but you can see that the number
3284
3285 822
3286 00:41:59,010 ~-~-> 00:42:00,660
3287 was at so we're talking about that area
3288
3289 823
3290 00:42:01,410 ~-~-> 00:42:05,610
3291 in terms of four pips, okay variance. So
3292
3293 824
3294 00:42:05,610 ~-~-> 00:42:07,890
3295 at this point here in here it's about
3296
3297 825
3298 00:42:07,890 ~-~-> 00:42:11,310
3299 five pips difference so buying really at
3300
3301 826
3302 00:42:11,310 ~-~-> 00:42:13,140
3303 the 79 centration level plus the spread.
3304
3305 827
3306 00:42:13,530 ~-~-> 00:42:17,670
3307 Okay, we are still within very handsome
3308
3309 828
3310 00:42:20,700 ~-~-> 00:42:23,010
3311 we're only talking about 14 pips. Okay,
3312
3313 829
3314 00:42:23,040 ~-~-> 00:42:26,940
3315 so your trade should be allowing you at
3316
3317 830
3318 00:42:26,940 ~-~-> 00:42:30,930
3319 least 14 pips you know movement but
3320
3321 831
3322 00:42:31,140 ~-~-> 00:42:32,580
3323 that's for another video we're going to
3324
3325 832
3326 00:42:32,580 ~-~-> 00:42:34,890
3327 get to in terms of stop losses and such
3328
3329 833
3330 00:42:34,890 ~-~-> 00:42:39,030
3331 but catching along in here okay price
3332
3333 834
3334 00:42:39,030 ~-~-> 00:42:43,800
3335 rallies on up starts to move higher okay
3336
3337 835
3338 00:42:43,800 ~-~-> 00:42:48,840
3339 and then we have a nother area okay just
3340
3341 836
3342 00:42:48,840 ~-~-> 00:42:50,490
3343 keep a reference point at this point
3344
3345 837
3346 00:42:50,490 ~-~-> 00:42:56,490
3347 here. Right there probably make it
3348
3349 838
3350 00:42:56,490 ~-~-> 00:42:56,850
3351 bigger
3352
3353 839
3354 00:43:03,090 ~-~-> 00:43:05,760
3355 All right. So this is our reference
3356
3357 840
3358 00:43:05,760 ~-~-> 00:43:08,040
3359 point for the entry. Okay, on a longer
3360
3361 841
3362 00:43:08,040 ~-~-> 00:43:11,940
3363 term, price swing. So moving, moving
3364
3365 842
3366 00:43:11,940 ~-~-> 00:43:14,130
3367 higher, we have another order block,
3368
3369 843
3370 00:43:14,640 ~-~-> 00:43:16,200
3371 okay? Because we have a consolidation in
3372
3373 844
3374 00:43:16,200 ~-~-> 00:43:18,840
3375 here. Okay, we had this candle right
3376
3377 845
3378 00:43:18,840 ~-~-> 00:43:22,620
3379 there, this whole candle. So we're gonna
3380
3381 846
3382 00:43:22,620 ~-~-> 00:43:27,780
3383 look at that area. Okay, and we're gonna
3384
3385 847
3386 00:43:30,210 ~-~-> 00:43:33,420
3387 reference this little segment in price.
3388
3389 848
3390 00:43:34,860 ~-~-> 00:43:36,600
3391 Okay, and we're going to use the high
3392
3393 849
3394 00:43:36,600 ~-~-> 00:43:40,680
3395 end of it as our beginning point, and
3396
3397 850
3398 00:43:40,680 ~-~-> 00:43:43,230
3399 we're not going to buffer the lower end,
3400
3401 851
3402 00:43:43,230 ~-~-> 00:43:45,120
3403 but we're going to be very sensitive at
3404
3405 852
3406 00:43:45,120 ~-~-> 00:43:47,310
3407 9158 which is essentially what level
3408
3409 853
3410 00:43:47,310 ~-~-> 00:43:52,680
3411 guys 9160 Okay, so again, price
3412
3413 854
3414 00:43:53,550 ~-~-> 00:43:55,950
3415 maneuvers around a little bit, trades in
3416
3417 855
3418 00:43:56,040 ~-~-> 00:43:58,230
3419 continuously higher trades right down
3420
3421 856
3422 00:43:58,230 ~-~-> 00:44:00,570
3423 into that level. Okay, see, that's Right
3424
3425 857
3426 00:44:00,570 ~-~-> 00:44:03,210
3427 down into that. Now traders watching
3428
3429 858
3430 00:44:03,210 ~-~-> 00:44:04,890
3431 this that are not familiar with price
3432
3433 859
3434 00:44:04,890 ~-~-> 00:44:08,040
3435 action and institutional order flow and
3436
3437 860
3438 00:44:08,040 ~-~-> 00:44:11,730
3439 how prices move within specific defined
3440
3441 861
3442 00:44:11,760 ~-~-> 00:44:14,370
3443 ranges, they will be pretty much scared
3444
3445 862
3446 00:44:14,370 ~-~-> 00:44:15,540
3447 out of their mind, he would never even
3448
3449 863
3450 00:44:15,540 ~-~-> 00:44:16,800
3451 consider looking at that as a buying
3452
3453 864
3454 00:44:16,800 ~-~-> 00:44:19,050
3455 opportunity. Okay, but let's go back
3456
3457 865
3458 00:44:19,050 ~-~-> 00:44:20,670
3459 over and look at some essential tenants
3460
3461 866
3462 00:44:20,670 ~-~-> 00:44:24,060
3463 that we use in our concepts. We have a
3464
3465 867
3466 00:44:24,060 ~-~-> 00:44:27,120
3467 range low here to here. Okay, so we're
3468
3469 868
3470 00:44:27,120 ~-~-> 00:44:30,300
3471 trading with a fulfilled range premise
3472
3473 869
3474 00:44:30,300 ~-~-> 00:44:32,850
3475 in mind. Okay, so we have an area of
3476
3477 870
3478 00:44:33,480 ~-~-> 00:44:37,860
3479 9159 with a 9158. Okay, so we have one
3480
3481 871
3482 00:44:37,860 ~-~-> 00:44:38,880
3483 PIP variance. Do you think that's a
3484
3485 872
3486 00:44:38,880 ~-~-> 00:44:40,650
3487 confluence of support resistance ideas
3488
3489 873
3490 00:44:40,650 ~-~-> 00:44:43,680
3491 suggested right there. Sure. Okay. So we
3492
3493 874
3494 00:44:43,680 ~-~-> 00:44:46,470
3495 could be a buyer right in here. Okay, at
3496
3497 875
3498 00:44:46,470 ~-~-> 00:44:48,090
3499 that level plus the spread in terms of
3500
3501 876
3502 00:44:48,090 ~-~-> 00:44:49,800
3503 you want to be using a pending order for
3504
3505 877
3506 00:44:49,800 ~-~-> 00:44:57,270
3507 the limit. But let's reference. Let's
3508
3509 878
3510 00:44:57,270 ~-~-> 00:45:00,600
3511 get that off. We don't need it. Let's
3512
3513 879
3514 00:45:00,600 ~-~-> 00:45:03,840
3515 reference our previous example. Okay,
3516
3517 880
3518 00:45:03,840 ~-~-> 00:45:07,770
3519 where we used the support resistance
3520
3521 881
3522 00:45:07,830 ~-~-> 00:45:10,470
3523 idea and Fibonacci concepts for hidden
3524
3525 882
3526 00:45:10,470 ~-~-> 00:45:12,960
3527 optimal trade entry. Okay, so we have
3528
3529 883
3530 00:45:13,140 ~-~-> 00:45:17,520
3531 price rallying up here, okay? And we
3532
3533 884
3534 00:45:17,520 ~-~-> 00:45:19,740
3535 have the 50 level, which is down here.
3536
3537 885
3538 00:45:20,730 ~-~-> 00:45:23,100
3539 And we have what institutional level
3540
3541 886
3542 00:45:23,100 ~-~-> 00:45:26,460
3543 below that to 20. Okay, so we're going
3544
3545 887
3546 00:45:26,460 ~-~-> 00:45:27,930
3547 to look at two reference points there.
3548
3549 888
3550 00:45:28,260 ~-~-> 00:45:31,770
3551 So, we're just going to be building upon
3552
3553 889
3554 00:45:31,830 ~-~-> 00:45:35,040
3555 our understanding of how to find the
3556
3557 890
3558 00:45:35,040 ~-~-> 00:45:40,140
3559 range. Okay, we have 9120
3560
3561 891
3562 00:45:46,080 ~-~-> 00:45:50,580
3563 and 9150. Okay, so we're going to use
3564
3565 892
3566 00:45:50,580 ~-~-> 00:45:52,650
3567 our fib. We're gonna start with the
3568
3569 893
3570 00:45:52,650 ~-~-> 00:45:54,180
3571 lowest one here, just to give you an
3572
3573 894
3574 00:45:54,180 ~-~-> 00:45:59,400
3575 idea to the highest high prior to it
3576
3577 895
3578 00:46:00,150 ~-~-> 00:46:01,680
3579 Okay, and you can see how the 62%
3580
3581 896
3582 00:46:01,680 ~-~-> 00:46:05,520
3583 retracement level calls for 9155 Okay,
3584
3585 897
3586 00:46:05,820 ~-~-> 00:46:07,950
3587 so if you're buying with three pips
3588
3589 898
3590 00:46:08,280 ~-~-> 00:46:09,930
3591 sorry not three pips at a four PIP
3592
3593 899
3594 00:46:09,930 ~-~-> 00:46:14,610
3595 spread on the Aussie yen. You can get
3596
3597 900
3598 00:46:14,610 ~-~-> 00:46:19,620
3599 too long in here if you were utilizing
3600
3601 901
3602 00:46:19,650 ~-~-> 00:46:25,410
3603 the 9150 level, okay? They're calling
3604
3605 902
3606 00:46:25,410 ~-~-> 00:46:29,490
3607 for 91 63% nine saturation level and
3608
3609 903
3610 00:46:29,490 ~-~-> 00:46:32,610
3611 your sweet spot comes in and 9168 in
3612
3613 904
3614 00:46:32,610 ~-~-> 00:46:34,350
3615 here. Okay, so anywhere in here would be
3616
3617 905
3618 00:46:34,350 ~-~-> 00:46:37,530
3619 a nice buy and assume for a moment you
3620
3621 906
3622 00:46:37,530 ~-~-> 00:46:40,740
3623 use that one and you're just looking for
3624
3625 907
3626 00:46:40,740 ~-~-> 00:46:42,030
3627 the sweet spot at your actual entry
3628
3629 908
3630 00:46:42,030 ~-~-> 00:46:45,600
3631 point. To this old low we're looking at
3632
3633 909
3634 00:46:45,600 ~-~-> 00:46:49,320
3635 23 pips. Okay 23 pips risk with the
3636
3637 910
3638 00:46:49,320 ~-~-> 00:46:52,470
3639 understanding and expectation that price
3640
3641 911
3642 00:46:52,470 ~-~-> 00:46:54,720
3643 should not go down to that point. If it
3644
3645 912
3646 00:46:54,720 ~-~-> 00:46:56,100
3647 does, it's probably not a good trade.
3648
3649 913
3650 00:46:56,280 ~-~-> 00:46:57,840
3651 You won't be confused if it does and
3652
3653 914
3654 00:46:57,840 ~-~-> 00:46:59,760
3655 stops you out though. Okay to understand
3656
3657 915
3658 00:46:59,760 ~-~-> 00:47:03,960
3659 that If price goes to this low, the
3660
3661 916
3662 00:47:03,960 ~-~-> 00:47:06,330
3663 overall market structure that is implied
3664
3665 917
3666 00:47:06,330 ~-~-> 00:47:09,240
3667 here as being bullish, isn't so bullish
3668
3669 918
3670 00:47:09,240 ~-~-> 00:47:11,040
3671 and you'll probably see weaker prices.
3672
3673 919
3674 00:47:11,070 ~-~-> 00:47:13,320
3675 But in this case, we're we're building a
3676
3677 920
3678 00:47:13,320 ~-~-> 00:47:15,300
3679 premise that this is an area of expected
3680
3681 921
3682 00:47:16,200 ~-~-> 00:47:18,570
3683 buying opportunity with the actual
3684
3685 922
3686 00:47:18,930 ~-~-> 00:47:21,480
3687 release in price here, okay? Again,
3688
3689 923
3690 00:47:21,480 ~-~-> 00:47:23,580
3691 public traders don't make price move
3692
3693 924
3694 00:47:23,580 ~-~-> 00:47:25,350
3695 like this. Okay, there's only gonna be
3696
3697 925
3698 00:47:25,350 ~-~-> 00:47:26,580
3699 done by institutional traders. So
3700
3701 926
3702 00:47:26,580 ~-~-> 00:47:28,020
3703 they're gonna drive it up like that.
3704
3705 927
3706 00:47:29,580 ~-~-> 00:47:32,520
3707 Price monkeys around, and again, this is
3708
3709 928
3710 00:47:32,520 ~-~-> 00:47:34,140
3711 a 15 minute time frame, so you can
3712
3713 929
3714 00:47:34,170 ~-~-> 00:47:37,680
3715 utilize a smaller five minute basis.
3716
3717 930
3718 00:47:39,270 ~-~-> 00:47:42,240
3719 Take this off, okay. So you can have
3720
3721 931
3722 00:47:42,270 ~-~-> 00:47:44,130
3723 price bouncing here. If you drill down
3724
3725 932
3726 00:47:44,130 ~-~-> 00:47:45,300
3727 to a five minute chart, you can actually
3728
3729 933
3730 00:47:45,300 ~-~-> 00:47:48,090
3731 see that same event unfolding right
3732
3733 934
3734 00:47:48,090 ~-~-> 00:47:51,120
3735 here. Okay, with an optimal trade entry,
3736
3737 935
3738 00:47:51,120 ~-~-> 00:47:52,290
3739 which we're not going to go down to a
3740
3741 936
3742 00:47:52,290 ~-~-> 00:47:54,780
3743 five minute chart because, again, these
3744
3745 937
3746 00:47:54,780 ~-~-> 00:47:58,050
3747 videos are getting larger. By the time
3748
3749 938
3750 00:47:58,590 ~-~-> 00:48:04,020
3751 I'm done, I end up with you No. Huge you
3752
3753 939
3754 00:48:04,020 ~-~-> 00:48:05,280
3755 can see it goes right down to that.
3756
3757 940
3758 00:48:06,780 ~-~-> 00:48:15,510
3759 satellites and treatment level. Okay.
3760
3761 941
3762 00:48:16,830 ~-~-> 00:48:22,680
3763 Now let's zoom in I want to, I want to
3764
3765 942
3766 00:48:22,680 ~-~-> 00:48:26,520
3767 give you that as an example, right in
3768
3769 943
3770 00:48:26,520 ~-~-> 00:48:28,680
3771 here. This is that same little
3772
3773 944
3774 00:48:29,070 ~-~-> 00:48:30,630
3775 consolidation we just worked within.
3776
3777 945
3778 00:48:33,030 ~-~-> 00:48:39,930
3779 Let's use our reference point 9150
3780
3781 946
3782 00:48:39,930 ~-~-> 00:48:41,610
3783 again, okay, and then we're just as an
3784
3785 947
3786 00:48:41,610 ~-~-> 00:48:46,470
3787 unfulfilled range application. Okay, so
3788
3789 948
3790 00:48:46,470 ~-~-> 00:48:51,510
3791 we're have 250 level. Put a fit on that
3792
3793 949
3794 00:48:51,510 ~-~-> 00:48:53,730
3795 anchor pulled up to highest high that
3796
3797 950
3798 00:48:53,730 ~-~-> 00:48:56,130
3799 we're seeing a retracement within. Okay,
3800
3801 951
3802 00:48:56,190 ~-~-> 00:48:59,760
3803 and then as price comes back down 9160
3804
3805 952
3806 00:48:59,760 ~-~-> 00:49:03,750
3807 level Plus the four pips spread, that
3808
3809 953
3810 00:49:03,750 ~-~-> 00:49:05,430
3811 would be an area to be a buyer, which
3812
3813 954
3814 00:49:05,430 ~-~-> 00:49:07,890
3815 would be up in here. And you can see
3816
3817 955
3818 00:49:07,890 ~-~-> 00:49:11,010
3819 price did in fact move on from there.
3820
3821 956
3822 00:49:13,080 ~-~-> 00:49:16,410
3823 Again just giving you additional
3824
3825 957
3826 00:49:16,650 ~-~-> 00:49:19,980
3827 opportunities to see this effect. And
3828
3829 958
3830 00:49:20,100 ~-~-> 00:49:22,080
3831 again, this is a smaller little look at
3832
3833 959
3834 00:49:22,080 ~-~-> 00:49:24,060
3835 a five minute chart you can actually see
3836
3837 960
3838 00:49:24,060 ~-~-> 00:49:26,910
3839 the order flow and water block in here,
3840
3841 961
3842 00:49:27,180 ~-~-> 00:49:29,790
3843 but this candle prior to move up, it
3844
3845 962
3846 00:49:29,790 ~-~-> 00:49:31,020
3847 moved back into that same candle here
3848
3849 963
3850 00:49:31,020 ~-~-> 00:49:33,090
3851 prior to moving higher, much the same
3852
3853 964
3854 00:49:33,090 ~-~-> 00:49:35,670
3855 way did here we have this bearish candle
3856
3857 965
3858 00:49:35,670 ~-~-> 00:49:37,920
3859 prior to move out, go down to a five
3860
3861 966
3862 00:49:37,920 ~-~-> 00:49:39,330
3863 minute time frame to see out price move
3864
3865 967
3866 00:49:39,330 ~-~-> 00:49:41,880
3867 back into that order block here and move
3868
3869 968
3870 00:49:42,420 ~-~-> 00:49:48,330
3871 higher. Okay, and zoom out. Let's go
3872
3873 969
3874 00:49:48,330 ~-~-> 00:49:50,610
3875 back to our reference points of entry.
3876
3877 970
3878 00:49:52,020 ~-~-> 00:49:56,310
3879 We have this one here and the this one
3880
3881 971
3882 00:49:56,310 ~-~-> 00:49:56,730
3883 here.
3884
3885 972
3886 00:50:01,860 ~-~-> 00:50:06,030
3887 Okay, and now we have another
3888
3889 973
3890 00:50:06,030 ~-~-> 00:50:18,810
3891 opportunity to see another aisle trade
3892
3893 974
3894 00:50:18,810 ~-~-> 00:50:24,930
3895 entry here using this range. So we'll
3896
3897 975
3898 00:50:24,930 ~-~-> 00:50:25,950
3899 move this over so you can see a little
3900
3901 976
3902 00:50:25,950 ~-~-> 00:50:29,400
3903 bit clear. Okay, we have the low here,
3904
3905 977
3906 00:50:30,330 ~-~-> 00:50:32,340
3907 trading back down. Now as price moves
3908
3909 978
3910 00:50:32,370 ~-~-> 00:50:35,310
3911 off that that larger order block level
3912
3913 979
3914 00:50:36,990 ~-~-> 00:50:39,060
3915 price is starting to retrace, would we
3916
3917 980
3918 00:50:39,060 ~-~-> 00:50:40,530
3919 expect it to come back down to there?
3920
3921 981
3922 00:50:40,770 ~-~-> 00:50:43,050
3923 Obviously in an ideal world, we don't
3924
3925 982
3926 00:50:43,050 ~-~-> 00:50:44,910
3927 want to see that happening. So what do
3928
3929 983
3930 00:50:44,910 ~-~-> 00:50:47,430
3931 we have? We have defined range, the
3932
3933 984
3934 00:50:47,430 ~-~-> 00:50:53,880
3935 range being this high No dude here
3936
3937 985
3938 00:50:55,440 ~-~-> 00:50:56,280
3939 in the low
3940
3941 986
3942 00:50:59,070 ~-~-> 00:51:06,990
3943 right there 91 58 sorry, 9156 I'm using
3944
3945 987
3946 00:51:06,990 ~-~-> 00:51:08,760
3947 the actual candle low. So we have a
3948
3949 988
3950 00:51:08,760 ~-~-> 00:51:10,410
3951 range between these two price points as
3952
3953 989
3954 00:51:10,410 ~-~-> 00:51:12,750
3955 price rallies away from that order block
3956
3957 990
3958 00:51:12,750 ~-~-> 00:51:15,510
3959 level and it starts to retrace. We don't
3960
3961 991
3962 00:51:15,510 ~-~-> 00:51:17,130
3963 want to really see it come back down it
3964
3965 992
3966 00:51:17,130 ~-~-> 00:51:20,550
3967 can it sure can. Okay. But ideally, you
3968
3969 993
3970 00:51:20,550 ~-~-> 00:51:22,320
3971 want to be hunting a price pattern in
3972
3973 994
3974 00:51:22,320 ~-~-> 00:51:24,690
3975 here to get long with that premise in
3976
3977 995
3978 00:51:24,690 ~-~-> 00:51:27,180
3979 mind looking for higher prices to ensue.
3980
3981 996
3982 00:51:27,840 ~-~-> 00:51:31,290
3983 And you see that happening here. Okay.
3984
3985 997
3986 00:51:32,040 ~-~-> 00:51:35,250
3987 Again, same premise in mind. We have
3988
3989 998
3990 00:51:35,250 ~-~-> 00:51:41,130
3991 higher prices expected. We have an
3992
3993 999
3994 00:51:41,130 ~-~-> 00:51:44,010
3995 understanding of institutional order
3996
3997 1000
3998 00:51:44,010 ~-~-> 00:51:49,530
3999 flow. We're going to hunt to
4000
4001 1001
4002 00:51:49,530 ~-~-> 00:51:52,800
4003 opportunities in here. We have this
4004
4005 1002
4006 00:51:52,800 ~-~-> 00:51:57,030
4007 level we're here 9211. Prices rallying
4008
4009 1003
4010 00:51:57,030 ~-~-> 00:52:01,140
4011 up starts to retrace Okay, you're still
4012
4013 1004
4014 00:52:01,140 ~-~-> 00:52:03,120
4015 overall bullish. So what are you gonna
4016
4017 1005
4018 00:52:03,120 ~-~-> 00:52:05,070
4019 be looking for retracement back down to
4020
4021 1006
4022 00:52:05,550 ~-~-> 00:52:07,590
4023 60 to 70 centration level, you get that
4024
4025 1007
4026 00:52:07,590 ~-~-> 00:52:13,650
4027 right here. Okay. And if you use our
4028
4029 1008
4030 00:52:16,140 ~-~-> 00:52:19,590
4031 unfulfilled range concepts here we
4032
4033 1009
4034 00:52:19,590 ~-~-> 00:52:22,530
4035 expect price not to come back down to
4036
4037 1010
4038 00:52:22,530 ~-~-> 00:52:25,980
4039 the institutional level price trades
4040
4041 1011
4042 00:52:25,980 ~-~-> 00:52:28,080
4043 right to what level to sweet spot boom
4044
4045 1012
4046 00:52:28,950 ~-~-> 00:52:32,850
4047 and rise up. So both are ideally
4048
4049 1013
4050 00:52:32,880 ~-~-> 00:52:34,530
4051 suggesting that's a buy area anywhere
4052
4053 1014
4054 00:52:34,530 ~-~-> 00:52:38,730
4055 between 90 to 4590 to 40 level. So add
4056
4057 1015
4058 00:52:38,730 ~-~-> 00:52:40,050
4059 your spread to it and that'd be an entry
4060
4061 1016
4062 00:52:40,050 ~-~-> 00:52:43,680
4063 point and then price against the move on
4064
4065 1017
4066 00:52:43,680 ~-~-> 00:52:46,950
4067 up. Even even this
4068
4069 1018
4070 00:52:53,850 ~-~-> 00:52:55,500
4071 this example here we're gonna have a
4072
4073 1019
4074 00:52:55,500 ~-~-> 00:52:58,620
4075 look at here in a second. This stuff off
4076
4077 1020
4078 00:52:58,620 ~-~-> 00:53:02,580
4079 the chart, we have another Small even
4080
4081 1021
4082 00:53:02,610 ~-~-> 00:53:04,770
4083 again, this is a 15 minute chart but if
4084
4085 1022
4086 00:53:04,770 ~-~-> 00:53:06,000
4087 you go down to a five minute chart
4088
4089 1023
4090 00:53:06,000 ~-~-> 00:53:08,880
4091 you'll see this as another order block.
4092
4093 1024
4094 00:53:12,030 ~-~-> 00:53:14,280
4095 Okay, so as price moves down into that
4096
4097 1025
4098 00:53:14,280 ~-~-> 00:53:17,430
4099 level here let's use our
4100
4101 1026
4102 00:53:27,060 ~-~-> 00:53:36,060
4103 here's our low range high. Okay. So
4104
4105 1027
4106 00:53:36,060 ~-~-> 00:53:38,400
4107 essentially 100 PIP move between the two
4108
4109 1028
4110 00:53:38,400 ~-~-> 00:53:44,580
4111 points for us the low to high price
4112
4113 1029
4114 00:53:44,580 ~-~-> 00:53:46,110
4115 comes right down into that 62%
4116
4117 1030
4118 00:53:46,110 ~-~-> 00:53:47,400
4119 retracement level and what does it do?
4120
4121 1031
4122 00:53:47,610 ~-~-> 00:53:53,130
4123 returned back higher. Now ultimately,
4124
4125 1032
4126 00:53:53,310 ~-~-> 00:53:56,400
4127 going into the weekend, we had a rather
4128
4129 1033
4130 00:53:56,400 ~-~-> 00:54:00,360
4131 large weekend gap but in here, just here
4132
4133 1034
4134 00:54:00,360 ~-~-> 00:54:06,150
4135 alone on Friday I'm talking about Friday
4136
4137 1035
4138 00:54:06,150 ~-~-> 00:54:09,510
4139 prior to this recording, you have an
4140
4141 1036
4142 00:54:09,510 ~-~-> 00:54:11,850
4143 opportunity to see a range in terms of
4144
4145 1037
4146 00:54:11,850 ~-~-> 00:54:14,880
4147 pips of 54 pips comfortably pulling out
4148
4149 1038
4150 00:54:14,910 ~-~-> 00:54:18,690
4151 obviously a 25 to 30 pips is not without
4152
4153 1039
4154 00:54:20,460 ~-~-> 00:54:21,750
4155 the realm of possibility.
4156
4157 1040
4158 00:54:27,810 ~-~-> 00:54:31,140
4159 Okay, so you can see just in one pair
4160
4161 1041
4162 00:54:32,400 ~-~-> 00:54:35,040
4163 and it's got a 30 minute chart you can
4164
4165 1042
4166 00:54:35,040 ~-~-> 00:54:43,230
4167 see do overall price action and actually
4168
4169 1043
4170 00:54:43,230 ~-~-> 00:54:45,210
4171 goes down to 15 minutes or a little bit
4172
4173 1044
4174 00:54:45,210 ~-~-> 00:54:49,050
4175 cleaner. There's the overall price
4176
4177 1045
4178 00:54:49,050 ~-~-> 00:54:50,070
4179 structure what's happened.
4180
4181 1046
4182 00:54:51,540 ~-~-> 00:54:52,080
4183 Okay.
4184
4185 1047
4186 00:54:53,130 ~-~-> 00:54:57,510
4187 And numbers Friday's weekly high. And
4188
4189 1048
4190 00:54:57,840 ~-~-> 00:55:01,290
4191 here's Monday's low on the week two,
4192
4193 1049
4194 00:55:01,290 ~-~-> 00:55:02,820
4195 they given you opportunities to trade
4196
4197 1050
4198 00:55:04,950 ~-~-> 00:55:08,190
4199 and because this is a yen pair and it's
4200
4201 1051
4202 00:55:08,190 ~-~-> 00:55:10,950
4203 an Aussie yen pair it it really will be
4204
4205 1052
4206 00:55:10,950 ~-~-> 00:55:13,170
4207 looking to make higher lows during the
4208
4209 1053
4210 00:55:13,200 ~-~-> 00:55:15,840
4211 asian session. Okay, and if you look at
4212
4213 1054
4214 00:55:15,840 ~-~-> 00:55:20,040
4215 the asian session on this week, we have
4216
4217 1055
4218 00:55:21,240 ~-~-> 00:55:23,940
4219 this area here where price was making it
4220
4221 1056
4222 00:55:23,940 ~-~-> 00:55:27,390
4223 slow for Tuesday and during the asian
4224
4225 1057
4226 00:55:27,390 ~-~-> 00:55:29,970
4227 session to low on Wednesday was formed
4228
4229 1058
4230 00:55:29,970 ~-~-> 00:55:32,280
4231 during the asian session and the low was
4232
4233 1059
4234 00:55:32,280 ~-~-> 00:55:37,110
4235 formed on this this particular day comes
4236
4237 1060
4238 00:55:37,110 ~-~-> 00:55:41,670
4239 in at the agent session as well. Okay.
4240
4241 1061
4242 00:55:41,910 ~-~-> 00:55:44,070
4243 So against understanding your pair
4244
4245 1062
4246 00:55:44,070 ~-~-> 00:55:46,200
4247 personalities and what characteristics
4248
4249 1063
4250 00:55:46,200 ~-~-> 00:55:48,120
4251 go along with those particular pairs and
4252
4253 1064
4254 00:55:48,120 ~-~-> 00:55:52,170
4255 what what that animal does during the
4256
4257 1065
4258 00:55:52,170 ~-~-> 00:55:54,600
4259 trading 24 hour period that we we like
4260
4261 1066
4262 00:55:54,600 ~-~-> 00:55:58,290
4263 to call it the Forex day because these
4264
4265 1067
4266 00:55:58,290 ~-~-> 00:56:01,230
4267 are countries that are operating in our
4268
4269 1068
4270 00:56:01,230 ~-~-> 00:56:03,630
4271 business around those times of the day,
4272
4273 1069
4274 00:56:03,930 ~-~-> 00:56:05,940
4275 it's the beginning of their financial
4276
4277 1070
4278 00:56:05,940 ~-~-> 00:56:09,510
4279 day. So it's important that they see
4280
4281 1071
4282 00:56:09,750 ~-~-> 00:56:12,390
4283 security or particular market moves. And
4284
4285 1072
4286 00:56:12,510 ~-~-> 00:56:15,210
4287 obviously signaling the significant
4288
4289 1073
4290 00:56:15,210 ~-~-> 00:56:18,660
4291 highs and lows is, is one of the central
4292
4293 1074
4294 00:56:19,230 ~-~-> 00:56:22,350
4295 characteristics to those pairs. much in
4296
4297 1075
4298 00:56:22,350 ~-~-> 00:56:23,790
4299 the same way we see the British Pound in
4300
4301 1076
4302 00:56:23,790 ~-~-> 00:56:26,430
4303 euro form, its daily, higher low on
4304
4305 1077
4306 00:56:26,430 ~-~-> 00:56:28,020
4307 daily range during the London session,
4308
4309 1078
4310 00:56:28,020 ~-~-> 00:56:29,280
4311 because that's generally when they're
4312
4313 1079
4314 00:56:29,550 ~-~-> 00:56:30,960
4315 coming online. Okay.
4316
4317 1080
4318 00:56:31,980 ~-~-> 00:56:32,490
4319 So
4320
4321 1081
4322 00:56:32,520 ~-~-> 00:56:34,140
4323 hopefully these examples have been
4324
4325 1082
4326 00:56:34,140 ~-~-> 00:56:36,450
4327 useful to you. Go over them, study them,
4328
4329 1083
4330 00:56:36,450 ~-~-> 00:56:38,040
4331 and then obviously use the same premise
4332
4333 1084
4334 00:56:38,400 ~-~-> 00:56:40,590
4335 and studying your own charts on a live
4336
4337 1085
4338 00:56:40,590 ~-~-> 00:56:44,070
4339 basis. And you I promise, you put two
4340
4341 1086
4342 00:56:44,070 ~-~-> 00:56:46,560
4343 three months into starch chart study
4344
4345 1087
4346 00:56:46,680 ~-~-> 00:56:48,780
4347 using these concepts, you're going to
4348
4349 1088
4350 00:56:48,780 ~-~-> 00:56:50,790
4351 start seeing as a whole different world
4352
4353 1089
4354 00:56:50,790 ~-~-> 00:56:53,370
4355 of price action that's available to you.
4356
4357 1090
4358 00:56:53,490 ~-~-> 00:56:55,290
4359 And that's really found nowhere else.
4360
4361 1091
4362 00:56:55,320 ~-~-> 00:56:58,290
4363 It's an ICT exclusive and I hope it's
4364
4365 1092
4366 00:56:58,290 ~-~-> 00:57:01,140
4367 been a blessing to you as It was for
4368
4369 1093
4370 00:57:01,170 ~-~-> 00:57:02,460
4371 almost two decades for me.
4372
4373 1094
4374 00:57:12,090 ~-~-> 00:57:15,720
4375 Alright guys, every single forex trader
4376
4377 1095
4378 00:57:15,750 ~-~-> 00:57:18,870
4379 out there wants to see their trade
4380
4381 1096
4382 00:57:18,870 ~-~-> 00:57:21,360
4383 become profitable. But before that can
4384
4385 1097
4386 00:57:21,360 ~-~-> 00:57:23,610
4387 happen, you need to understand what it
4388
4389 1098
4390 00:57:23,610 ~-~-> 00:57:27,030
4391 requires of you as a trader, to learn to
4392
4393 1099
4394 00:57:27,030 ~-~-> 00:57:29,460
4395 anticipate price moves. It's one thing
4396
4397 1100
4398 00:57:29,460 ~-~-> 00:57:32,370
4399 to expect to make money. And it's all
4400
4401 1101
4402 00:57:32,370 ~-~-> 00:57:34,350
4403 together something else to expect to be
4404
4405 1102
4406 00:57:35,040 ~-~-> 00:57:38,040
4407 accurate with your analysis. And one of
4408
4409 1103
4410 00:57:38,040 ~-~-> 00:57:40,770
4411 the hardest things and I mean this
4412
4413 1104
4414 00:57:40,770 ~-~-> 00:57:42,810
4415 sincerely, one of the hardest things for
4416
4417 1105
4418 00:57:42,810 ~-~-> 00:57:45,420
4419 me as a trader, is the profit taking,
4420
4421 1106
4422 00:57:45,750 ~-~-> 00:57:48,240
4423 okay, because I've been doing this for
4424
4425 1107
4426 00:57:48,240 ~-~-> 00:57:50,790
4427 almost 20 years, and my analysis
4428
4429 1108
4430 00:57:50,790 ~-~-> 00:57:55,470
4431 concepts are very, very strong, but the
4432
4433 1109
4434 00:57:55,470 ~-~-> 00:57:58,650
4435 human element behind them sometimes I
4436
4437 1110
4438 00:57:58,650 ~-~-> 00:58:02,040
4439 want to over trade the tools because
4440
4441 1111
4442 00:58:02,040 ~-~-> 00:58:04,800
4443 either a hunch or a gut feeling. And
4444
4445 1112
4446 00:58:04,830 ~-~-> 00:58:06,660
4447 it's something that I have to suppress
4448
4449 1113
4450 00:58:06,660 ~-~-> 00:58:08,490
4451 as a trader, because sometimes I think
4452
4453 1114
4454 00:58:08,490 ~-~-> 00:58:10,440
4455 I'm smarter than my tools. And that's
4456
4457 1115
4458 00:58:10,470 ~-~-> 00:58:13,380
4459 where my ego comes in. Okay, so I've had
4460
4461 1116
4462 00:58:13,380 ~-~-> 00:58:17,520
4463 to really, you know, hammer out a, an
4464
4465 1117
4466 00:58:17,520 ~-~-> 00:58:20,190
4467 application of when do I take profits?
4468
4469 1118
4470 00:58:20,520 ~-~-> 00:58:23,250
4471 Now, early on, much like every other
4472
4473 1119
4474 00:58:23,250 ~-~-> 00:58:25,200
4475 trader, if you go into this business,
4476
4477 1120
4478 00:58:25,290 ~-~-> 00:58:27,750
4479 and you encounter immediate
4480
4481 1121
4482 00:58:28,020 ~-~-> 00:58:30,480
4483 profitability, whether it be short term
4484
4485 1122
4486 00:58:30,480 ~-~-> 00:58:31,830
4487 or intermediate term or long term
4488
4489 1123
4490 00:58:31,830 ~-~-> 00:58:34,440
4491 success in terms of duration, that's not
4492
4493 1124
4494 00:58:34,440 ~-~-> 00:58:35,790
4495 the point. The point is, is if you go
4496
4497 1125
4498 00:58:35,790 ~-~-> 00:58:38,610
4499 into it and start making money, the
4500
4501 1126
4502 00:58:38,610 ~-~-> 00:58:40,740
4503 premise is that you're always going to
4504
4505 1127
4506 00:58:40,740 ~-~-> 00:58:42,960
4507 be making money and your trades are
4508
4509 1128
4510 00:58:42,960 ~-~-> 00:58:45,030
4511 therefore going to be profitable. And
4512
4513 1129
4514 00:58:45,150 ~-~-> 00:58:47,460
4515 especially if you get these extrapolated
4516
4517 1130
4518 00:58:47,460 ~-~-> 00:58:50,610
4519 profits, okay, really big targets. It
4520
4521 1131
4522 00:58:50,610 ~-~-> 00:58:51,990
4523 kind of lulls you into thinking that
4524
4525 1132
4526 00:58:51,990 ~-~-> 00:58:53,850
4527 that's the norm. Okay. And what will
4528
4529 1133
4530 00:58:53,850 ~-~-> 00:58:55,950
4531 happen is as many times if your tool
4532
4533 1134
4534 00:58:55,950 ~-~-> 00:58:58,650
4535 suggests it's going to be 80 PIP run up
4536
4537 1135
4538 00:59:00,300 ~-~-> 00:59:01,650
4539 You're going to hold for 80 pips or
4540
4541 1136
4542 00:59:01,650 ~-~-> 00:59:03,120
4543 maybe even at two or three trying to
4544
4545 1137
4546 00:59:03,120 ~-~-> 00:59:04,740
4547 squeeze that last bit of juice out of
4548
4549 1138
4550 00:59:04,740 ~-~-> 00:59:08,610
4551 that lemon. I have done that many, many
4552
4553 1139
4554 00:59:08,640 ~-~-> 00:59:11,130
4555 times. And I've watched my really good
4556
4557 1140
4558 00:59:11,130 ~-~-> 00:59:13,890
4559 trades turn into mediocre trades to
4560
4561 1141
4562 00:59:13,890 ~-~-> 00:59:16,050
4563 break even trades and beginning of
4564
4565 1142
4566 00:59:16,050 ~-~-> 00:59:17,730
4567 trading I love I've actually watched
4568
4569 1143
4570 00:59:17,730 ~-~-> 00:59:20,580
4571 them go into net losses, severely net
4572
4573 1144
4574 00:59:20,580 ~-~-> 00:59:23,550
4575 losses, okay, because much like anyone
4576
4577 1145
4578 00:59:23,550 ~-~-> 00:59:26,580
4579 else I was, you know, prone to the same
4580
4581 1146
4582 00:59:26,580 ~-~-> 00:59:28,530
4583 pitfalls everyone else has encountered
4584
4585 1147
4586 00:59:28,530 ~-~-> 00:59:30,270
4587 in trading. And I didn't have any kind
4588
4589 1148
4590 00:59:30,270 ~-~-> 00:59:32,400
4591 of mentors until Larry Williams. So I
4592
4593 1149
4594 00:59:32,400 ~-~-> 00:59:33,990
4595 kind of like fumbled around in the
4596
4597 1150
4598 00:59:33,990 ~-~-> 00:59:36,090
4599 markets until, you know, I got with
4600
4601 1151
4602 00:59:36,120 ~-~-> 00:59:37,980
4603 someone that knew a little bit of
4604
4605 1152
4606 00:59:38,490 ~-~-> 00:59:39,960
4607 technical analysis. I think everyone
4608
4609 1153
4610 00:59:39,960 ~-~-> 00:59:41,670
4611 would agree that technical analysis and
4612
4613 1154
4614 00:59:41,670 ~-~-> 00:59:44,940
4615 Larry whims go hand in hand. So that was
4616
4617 1155
4618 00:59:44,940 ~-~-> 00:59:47,310
4619 like my foundation. And I realized that,
4620
4621 1156
4622 00:59:47,370 ~-~-> 00:59:50,160
4623 you know, I could be right on a lot of
4624
4625 1157
4626 00:59:50,160 ~-~-> 00:59:52,470
4627 the market moves but I would be wrong at
4628
4629 1158
4630 00:59:52,470 ~-~-> 00:59:55,080
4631 my profitable exits because I would be
4632
4633 1159
4634 00:59:55,320 ~-~-> 00:59:57,330
4635 greedy and hold on to the absolute
4636
4637 1160
4638 00:59:57,330 ~-~-> 01:00:02,130
4639 highest point and it My goal in this
4640
4641 1161
4642 01:00:03,090 ~-~-> 01:00:03,660
4643 episode
4644
4645 1162
4646 01:00:04,620 ~-~-> 01:00:08,100
4647 is really to communicate this as best I
4648
4649 1163
4650 01:00:08,100 ~-~-> 01:00:10,590
4651 possibly can. You do not need every
4652
4653 1164
4654 01:00:10,590 ~-~-> 01:00:14,160
4655 piece of that move. Okay? You don't need
4656
4657 1165
4658 01:00:14,190 ~-~-> 01:00:17,640
4659 every PIP in every swing. You need to
4660
4661 1166
4662 01:00:17,640 ~-~-> 01:00:18,060
4663 need
4664
4665 1167
4666 01:00:19,109 ~-~-> 01:00:19,739
4667 pips.
4668
4669 1168
4670 01:00:20,459 ~-~-> 01:00:22,409
4671 Okay? And I don't want to really define
4672
4673 1169
4674 01:00:22,409 ~-~-> 01:00:24,689
4675 it for anyone, but you just need pips.
4676
4677 1170
4678 01:00:24,869 ~-~-> 01:00:27,509
4679 Okay, and I'll give you some ideas on
4680
4681 1171
4682 01:00:27,509 ~-~-> 01:00:29,489
4683 how to frame that. What is your
4684
4685 1172
4686 01:00:29,489 ~-~-> 01:00:31,439
4687 objective? Well, it depends on what type
4688
4689 1173
4690 01:00:31,439 ~-~-> 01:00:33,239
4691 of trader you're going to be. This
4692
4693 1174
4694 01:00:34,499 ~-~-> 01:00:36,989
4695 series is designed for getting that one
4696
4697 1175
4698 01:00:37,079 ~-~-> 01:00:41,129
4699 shot, one kill for the week. Okay, that
4700
4701 1176
4702 01:00:41,129 ~-~-> 01:00:42,539
4703 means you're literally looking for an
4704
4705 1177
4706 01:00:42,569 ~-~-> 01:00:44,939
4707 out really cheery opportunity to be
4708
4709 1178
4710 01:00:44,939 ~-~-> 01:00:47,459
4711 trading one time for the entire week.
4712
4713 1179
4714 01:00:47,699 ~-~-> 01:00:49,859
4715 Okay? Because if you can't do that,
4716
4717 1180
4718 01:00:50,369 ~-~-> 01:00:51,929
4719 you're not going to be able to handle
4720
4721 1181
4722 01:00:51,929 ~-~-> 01:00:53,759
4723 yourself trading every single day as a
4724
4725 1182
4726 01:00:53,759 ~-~-> 01:00:55,169
4727 day trader, because you're gonna be
4728
4729 1183
4730 01:00:55,169 ~-~-> 01:00:57,539
4731 doing things before you should. You can
4732
4733 1184
4734 01:00:57,539 ~-~-> 01:00:59,279
4735 be buying more or selling more than you
4736
4737 1185
4738 01:00:59,279 ~-~-> 01:01:01,649
4739 should you doing everything wrong, okay,
4740
4741 1186
4742 01:01:01,649 ~-~-> 01:01:03,359
4743 because you haven't developed the
4744
4745 1187
4746 01:01:03,359 ~-~-> 01:01:05,459
4747 discipline that's necessary for you to
4748
4749 1188
4750 01:01:05,459 ~-~-> 01:01:08,729
4751 be able to adhere to a set of rules. And
4752
4753 1189
4754 01:01:08,729 ~-~-> 01:01:11,099
4755 yes, there are rules of engagement that
4756
4757 1190
4758 01:01:11,099 ~-~-> 01:01:13,199
4759 you have to have as a trader. Okay, this
4760
4761 1191
4762 01:01:13,199 ~-~-> 01:01:15,629
4763 whole trading series is themed around
4764
4765 1192
4766 01:01:15,629 ~-~-> 01:01:17,879
4767 the military aspect. And I purposely
4768
4769 1193
4770 01:01:17,879 ~-~-> 01:01:20,369
4771 chose that because that's what I had to
4772
4773 1194
4774 01:01:20,369 ~-~-> 01:01:23,939
4775 do to myself, because it's one thing for
4776
4777 1195
4778 01:01:23,939 ~-~-> 01:01:26,549
4779 me to make these videos and the majority
4780
4781 1196
4782 01:01:26,549 ~-~-> 01:01:28,409
4783 of everyone out there thinks that I'm
4784
4785 1197
4786 01:01:28,409 ~-~-> 01:01:32,039
4787 this new, cold calculated market wizard,
4788
4789 1198
4790 01:01:32,159 ~-~-> 01:01:34,979
4791 okay? And I never make mistakes. I make
4792
4793 1199
4794 01:01:34,979 ~-~-> 01:01:37,859
4795 mistakes. Okay. My presentations are
4796
4797 1200
4798 01:01:37,859 ~-~-> 01:01:41,819
4799 geared to you as a learning tool to
4800
4801 1201
4802 01:01:41,819 ~-~-> 01:01:44,129
4803 avoid many of the things that I did
4804
4805 1202
4806 01:01:44,129 ~-~-> 01:01:45,809
4807 early in my trading and some of the
4808
4809 1203
4810 01:01:45,809 ~-~-> 01:01:47,699
4811 things I still have to deal with on a
4812
4813 1204
4814 01:01:47,699 ~-~-> 01:01:50,249
4815 daily basis as a trader, and that one
4816
4817 1205
4818 01:01:50,309 ~-~-> 01:01:54,509
4819 particular thing is profits. If you do
4820
4821 1206
4822 01:01:54,509 ~-~-> 01:01:57,779
4823 not have a predetermined exit point
4824
4825 1207
4826 01:01:58,409 ~-~-> 01:02:01,049
4827 before you even get in the trade I
4828
4829 1208
4830 01:02:01,049 ~-~-> 01:02:03,809
4831 promise you, you will be plagued with
4832
4833 1209
4834 01:02:03,809 ~-~-> 01:02:05,969
4835 this problem. And it may sound like a
4836
4837 1210
4838 01:02:05,969 ~-~-> 01:02:07,649
4839 good problem to have when you get out
4840
4841 1211
4842 01:02:07,649 ~-~-> 01:02:09,239
4843 with profits. But I'm gonna tell you if
4844
4845 1212
4846 01:02:09,239 ~-~-> 01:02:10,679
4847 you have been trading long those of you
4848
4849 1213
4850 01:02:10,679 ~-~-> 01:02:11,819
4851 who have been trading for a while know
4852
4853 1214
4854 01:02:11,819 ~-~-> 01:02:14,009
4855 exactly what I'm talking about your
4856
4857 1215
4858 01:02:14,009 ~-~-> 01:02:16,529
4859 winning trades if you exit them and
4860
4861 1216
4862 01:02:16,529 ~-~-> 01:02:19,589
4863 continue to move 60 7200 pips more than
4864
4865 1217
4866 01:02:19,589 ~-~-> 01:02:23,219
4867 you got out at, are you right? Chances
4868
4869 1218
4870 01:02:23,219 ~-~-> 01:02:24,749
4871 are you're going to define your trade as
4872
4873 1219
4874 01:02:24,779 ~-~-> 01:02:27,509
4875 not right? profitable, yes, but you're
4876
4877 1220
4878 01:02:27,509 ~-~-> 01:02:29,099
4879 not right. So you're going to wrestle
4880
4881 1221
4882 01:02:29,099 ~-~-> 01:02:30,989
4883 with that idea. Okay, you're going to
4884
4885 1222
4886 01:02:30,989 ~-~-> 01:02:33,269
4887 argue with it, thinking, Hey, you know,
4888
4889 1223
4890 01:02:33,659 ~-~-> 01:02:35,309
4891 I didn't do something right. I could
4892
4893 1224
4894 01:02:35,309 ~-~-> 01:02:37,379
4895 have made a lot more pips. Instead of
4896
4897 1225
4898 01:02:37,379 ~-~-> 01:02:39,359
4899 the saying, You know what? I saw an
4900
4901 1226
4902 01:02:39,359 ~-~-> 01:02:41,759
4903 opportunity. I executed, I follow my
4904
4905 1227
4906 01:02:41,759 ~-~-> 01:02:44,099
4907 plan, and I exited at a predetermined
4908
4909 1228
4910 01:02:44,099 ~-~-> 01:02:46,499
4911 level. There should be no shame in that.
4912
4913 1229
4914 01:02:47,129 ~-~-> 01:02:50,099
4915 Zero shaming, but many of you will still
4916
4917 1230
4918 01:02:50,609 ~-~-> 01:02:52,499
4919 arm wrestle yourself. beat yourself up.
4920
4921 1231
4922 01:02:52,499 ~-~-> 01:02:54,179
4923 Say Man, I wish I would have done that
4924
4925 1232
4926 01:02:54,179 ~-~-> 01:02:55,799
4927 that would have paid for the 16 losing
4928
4929 1233
4930 01:02:55,799 ~-~-> 01:02:59,309
4931 trades ahead last few months. But you
4932
4933 1234
4934 01:02:59,309 ~-~-> 01:03:02,489
4935 have to disciplined, you absolutely have
4936
4937 1235
4938 01:03:02,489 ~-~-> 01:03:05,489
4939 to have that, in your repertoire in your
4940
4941 1236
4942 01:03:05,489 ~-~-> 01:03:07,709
4943 game plan in your trading plan, you have
4944
4945 1237
4946 01:03:07,709 ~-~-> 01:03:09,569
4947 to have it. Because if you don't have
4948
4949 1238
4950 01:03:09,569 ~-~-> 01:03:11,639
4951 it, I can tell you as almost a two
4952
4953 1239
4954 01:03:11,639 ~-~-> 01:03:14,459
4955 decade veteran in trading, that is one
4956
4957 1240
4958 01:03:14,459 ~-~-> 01:03:17,429
4959 of the most hardest things for traders
4960
4961 1241
4962 01:03:17,429 ~-~-> 01:03:20,279
4963 to overcome. I can be wildly profitable,
4964
4965 1242
4966 01:03:21,359 ~-~-> 01:03:24,869
4967 but I don't have it right every single
4968
4969 1243
4970 01:03:24,869 ~-~-> 01:03:27,659
4971 time. And it's the times that I hold on
4972
4973 1244
4974 01:03:27,659 ~-~-> 01:03:30,959
4975 for that 75 PIP move when I'm already
4976
4977 1245
4978 01:03:30,959 ~-~-> 01:03:34,739
4979 banked 60 pips in the first half of the
4980
4981 1246
4982 01:03:34,739 ~-~-> 01:03:37,169
4983 trade, and I'm holding out for 75 for my
4984
4985 1247
4986 01:03:37,169 ~-~-> 01:03:38,939
4987 second target or more final collapsing
4988
4989 1248
4990 01:03:38,999 ~-~-> 01:03:42,929
4991 of the open position. I may be seeing
4992
4993 1249
4994 01:03:42,959 ~-~-> 01:03:45,029
4995 maybe the spread just before it gets me
4996
4997 1250
4998 01:03:45,029 ~-~-> 01:03:46,949
4999 out. And I'll hold on to that thinking
5000
5001 1251
5002 01:03:46,949 ~-~-> 01:03:48,509
5003 that I'm going to get that trade. Then
5004
5005 1252
5006 01:03:48,509 ~-~-> 01:03:50,039
5007 it comes back and knocks me about you
5008
5009 1253
5010 01:03:50,039 ~-~-> 01:03:51,269
5011 know, at 60 pips for the remaining
5012
5013 1254
5014 01:03:51,269 ~-~-> 01:03:53,069
5015 portion. There's nothing wrong with
5016
5017 1255
5018 01:03:53,069 ~-~-> 01:03:55,619
5019 that. But internally I wrestle with that
5020
5021 1256
5022 01:03:55,619 ~-~-> 01:03:57,179
5023 thinking I should have just collapsed it
5024
5025 1257
5026 01:03:57,179 ~-~-> 01:03:59,549
5027 when I, you know, had 60 pips together
5028
5029 1258
5030 01:03:59,549 ~-~-> 01:04:00,959
5031 and now I'm on armwrestling myself
5032
5033 1259
5034 01:04:00,959 ~-~-> 01:04:02,609
5035 internally, you know, I'll be driving on
5036
5037 1260
5038 01:04:02,609 ~-~-> 01:04:04,169
5039 the road going to the store going to the
5040
5041 1261
5042 01:04:04,169 ~-~-> 01:04:06,149
5043 movies or going to a Redbox and get a
5044
5045 1262
5046 01:04:06,149 ~-~-> 01:04:09,059
5047 DVD for the night. And these things
5048
5049 1263
5050 01:04:09,059 ~-~-> 01:04:11,999
5051 plagued me, okay, because I have OCD, I
5052
5053 1264
5054 01:04:11,999 ~-~-> 01:04:14,999
5055 completely understand obsessive
5056
5057 1265
5058 01:04:15,029 ~-~-> 01:04:17,459
5059 compulsive disorder, I live it. Okay. So
5060
5061 1266
5062 01:04:17,849 ~-~-> 01:04:20,969
5063 if you don't have that, if you trade
5064
5065 1267
5066 01:04:20,969 ~-~-> 01:04:22,589
5067 long enough, you might develop it.
5068
5069 1268
5070 01:04:23,009 ~-~-> 01:04:24,569
5071 Because what'll happen is is you're
5072
5073 1269
5074 01:04:24,569 ~-~-> 01:04:28,139
5075 gonna overanalyze everything you do, and
5076
5077 1270
5078 01:04:28,139 ~-~-> 01:04:30,479
5079 that's a good thing as a learning tool.
5080
5081 1271
5082 01:04:30,749 ~-~-> 01:04:33,629
5083 Okay? But once you really adopt an idea
5084
5085 1272
5086 01:04:33,629 ~-~-> 01:04:34,829
5087 what you should be doing as a trading
5088
5089 1273
5090 01:04:35,009 ~-~-> 01:04:37,319
5091 plan. You don't really want to
5092
5093 1274
5094 01:04:37,319 ~-~-> 01:04:39,239
5095 overanalyze it, you want to stay within
5096
5097 1275
5098 01:04:39,239 ~-~-> 01:04:41,579
5099 those parameters. Okay. And that starts
5100
5101 1276
5102 01:04:41,579 ~-~-> 01:04:44,099
5103 with number one, having an idea of where
5104
5105 1277
5106 01:04:44,099 ~-~-> 01:04:45,179
5107 you're going to get out at when the
5108
5109 1278
5110 01:04:45,179 ~-~-> 01:04:48,029
5111 trades moved in your favor. Okay. That's
5112
5113 1279
5114 01:04:48,029 ~-~-> 01:04:51,359
5115 not a limitation. Do not view exiting a
5116
5117 1280
5118 01:04:51,359 ~-~-> 01:04:53,969
5119 trade at 60 pips profit pre determined
5120
5121 1281
5122 01:04:53,969 ~-~-> 01:04:56,429
5123 before you even put the trade on, and it
5124
5125 1282
5126 01:04:56,429 ~-~-> 01:04:58,409
5127 moves 90 pips or hundred pips beyond
5128
5129 1283
5130 01:04:58,409 ~-~-> 01:05:00,599
5131 that. Okay. Do not do that. That as
5132
5133 1284
5134 01:05:00,599 ~-~-> 01:05:02,939
5135 weakness, okay, do not,
5136
5137 1285
5138 01:05:03,150 ~-~-> 01:05:04,290
5139 because I'm gonna tell you right now, if
5140
5141 1286
5142 01:05:04,290 ~-~-> 01:05:07,500
5143 you do that every single week, or three
5144
5145 1287
5146 01:05:07,500 ~-~-> 01:05:11,460
5147 times a month, you are in the Upper 5%
5148
5149 1288
5150 01:05:11,820 ~-~-> 01:05:14,850
5151 of forex traders, because 90% of them
5152
5153 1289
5154 01:05:14,880 ~-~-> 01:05:16,830
5155 don't make money. They aren't
5156
5157 1290
5158 01:05:16,830 ~-~-> 01:05:18,540
5159 consistent. They can't even find the
5160
5161 1291
5162 01:05:18,540 ~-~-> 01:05:20,160
5163 right time to get into trades. Okay? And
5164
5165 1292
5166 01:05:20,160 ~-~-> 01:05:21,540
5167 I don't mean that for some of you who
5168
5169 1293
5170 01:05:21,540 ~-~-> 01:05:22,590
5171 are watching this, I'm not trying to
5172
5173 1294
5174 01:05:22,590 ~-~-> 01:05:24,060
5175 beat you up or make you feel silly or,
5176
5177 1295
5178 01:05:24,210 ~-~-> 01:05:27,720
5179 or you know, uneducated. Okay. I'm just
5180
5181 1296
5182 01:05:27,720 ~-~-> 01:05:30,720
5183 trying to illustrate the point that you
5184
5185 1297
5186 01:05:30,720 ~-~-> 01:05:33,300
5187 need to change your thought process
5188
5189 1298
5190 01:05:33,450 ~-~-> 01:05:36,270
5191 about taking profits, okay, before you
5192
5193 1299
5194 01:05:36,300 ~-~-> 01:05:38,040
5195 even start implementing these tools,
5196
5197 1300
5198 01:05:38,310 ~-~-> 01:05:39,960
5199 because if you don't give yourself the
5200
5201 1301
5202 01:05:39,990 ~-~-> 01:05:42,720
5203 permission to have a predetermine exit
5204
5205 1302
5206 01:05:42,720 ~-~-> 01:05:46,110
5207 point and be content with that, you can
5208
5209 1303
5210 01:05:46,140 ~-~-> 01:05:48,330
5211 slowly develop into Bigger Longer term
5212
5213 1304
5214 01:05:48,360 ~-~-> 01:05:50,910
5215 profit objectives, okay? But for now,
5216
5217 1305
5218 01:05:50,970 ~-~-> 01:05:53,490
5219 let's just deal with this head on and
5220
5221 1306
5222 01:05:53,490 ~-~-> 01:05:55,110
5223 understand that whatever profit
5224
5225 1307
5226 01:05:57,390 ~-~-> 01:06:00,000
5227 opportunities you have pre determined in
5228
5229 1308
5230 01:06:00,000 ~-~-> 01:06:01,950
5231 Your trading plan. Those are what you're
5232
5233 1309
5234 01:06:01,950 ~-~-> 01:06:04,020
5235 sticking to come hell or high water.
5236
5237 1310
5238 01:06:04,230 ~-~-> 01:06:05,910
5239 That's what you're going to do. Okay.
5240
5241 1311
5242 01:06:05,910 ~-~-> 01:06:08,370
5243 And then obviously, you can tweak it
5244
5245 1312
5246 01:06:08,370 ~-~-> 01:06:11,190
5247 later on, that builds upon sound
5248
5249 1313
5250 01:06:11,310 ~-~-> 01:06:13,770
5251 information and ideas and build a
5252
5253 1314
5254 01:06:13,770 ~-~-> 01:06:16,350
5255 premise around. But until we get to that
5256
5257 1315
5258 01:06:16,350 ~-~-> 01:06:18,000
5259 point, we have to have a foundation. And
5260
5261 1316
5262 01:06:18,000 ~-~-> 01:06:19,620
5263 this is a very, very strong foundation.
5264
5265 1317
5266 01:06:20,340 ~-~-> 01:06:22,320
5267 This is one of the things I instill in
5268
5269 1318
5270 01:06:22,320 ~-~-> 01:06:24,210
5271 my own trading. And it made a huge
5272
5273 1319
5274 01:06:24,210 ~-~-> 01:06:25,950
5275 impact in my overall profitability and
5276
5277 1320
5278 01:06:25,950 ~-~-> 01:06:28,830
5279 consistency. So now let's talk about
5280
5281 1321
5282 01:06:28,830 ~-~-> 01:06:31,230
5283 price swings. Because obviously, without
5284
5285 1322
5286 01:06:31,230 ~-~-> 01:06:33,420
5287 understanding what you're dealing with,
5288
5289 1323
5290 01:06:33,480 ~-~-> 01:06:35,310
5291 when a price level scale, you're not
5292
5293 1324
5294 01:06:35,310 ~-~-> 01:06:36,930
5295 going to understand where profits should
5296
5297 1325
5298 01:06:36,930 ~-~-> 01:06:39,570
5299 be taken. Now, if you look at this crude
5300
5301 1326
5302 01:06:39,600 ~-~-> 01:06:41,730
5303 diagram, I agree, okay, but it's gonna
5304
5305 1327
5306 01:06:41,730 ~-~-> 01:06:43,650
5307 accomplish the method nonetheless, we
5308
5309 1328
5310 01:06:43,650 ~-~-> 01:06:45,240
5311 have a small little minor price swing
5312
5313 1329
5314 01:06:45,240 ~-~-> 01:06:48,300
5315 here, we have a intermediate term price
5316
5317 1330
5318 01:06:48,300 ~-~-> 01:06:50,130
5319 swing and maybe even a longer term price
5320
5321 1331
5322 01:06:50,130 ~-~-> 01:06:53,040
5323 swing. Okay? Now, it's not really
5324
5325 1332
5326 01:06:53,340 ~-~-> 01:06:55,170
5327 important as to what timeframe This is
5328
5329 1333
5330 01:06:55,170 ~-~-> 01:06:56,610
5331 because it's universal. it's applicable
5332
5333 1334
5334 01:06:56,640 ~-~-> 01:06:58,590
5335 all timeframes, but we're going to say
5336
5337 1335
5338 01:06:58,590 ~-~-> 01:07:02,280
5339 for instance, This is possibly a five
5340
5341 1336
5342 01:07:02,280 ~-~-> 01:07:03,990
5343 minute chart. Okay, and this is the
5344
5345 1337
5346 01:07:03,990 ~-~-> 01:07:06,210
5347 beginning of a new day, you've hunted a
5348
5349 1338
5350 01:07:06,210 ~-~-> 01:07:08,070
5351 set up, and maybe this is going into the
5352
5353 1339
5354 01:07:08,070 ~-~-> 01:07:10,650
5355 London kill zone. And you've expected
5356
5357 1340
5358 01:07:10,650 ~-~-> 01:07:13,380
5359 some level of support down here. Okay,
5360
5361 1341
5362 01:07:13,440 ~-~-> 01:07:15,480
5363 and you have to Apollo, I have to
5364
5365 1342
5366 01:07:15,480 ~-~-> 01:07:17,910
5367 apologize up ahead of this, because I'm
5368
5369 1343
5370 01:07:17,910 ~-~-> 01:07:19,290
5371 not going to be spending a whole lot of
5372
5373 1344
5374 01:07:19,290 ~-~-> 01:07:20,670
5375 time dressing us up with a lot of
5376
5377 1345
5378 01:07:20,670 ~-~-> 01:07:22,470
5379 lipstick as I did the previous ones,
5380
5381 1346
5382 01:07:22,470 ~-~-> 01:07:25,980
5383 because, quite frankly, I am spending a
5384
5385 1347
5386 01:07:25,980 ~-~-> 01:07:28,470
5387 lot of time on these videos. And even
5388
5389 1348
5390 01:07:28,470 ~-~-> 01:07:29,490
5391 though you're getting the playback of
5392
5393 1349
5394 01:07:29,490 ~-~-> 01:07:31,890
5395 about two hours and such, it's taking me
5396
5397 1350
5398 01:07:31,890 ~-~-> 01:07:33,330
5399 about nine hours to produce these
5400
5401 1351
5402 01:07:33,330 ~-~-> 01:07:35,760
5403 things. So I'm trying to keep it short
5404
5405 1352
5406 01:07:35,760 ~-~-> 01:07:36,780
5407 and sweet. And even though it's not
5408
5409 1353
5410 01:07:36,780 ~-~-> 01:07:38,550
5411 gonna be that short and sweet on the
5412
5413 1354
5414 01:07:38,550 ~-~-> 01:07:40,950
5415 viewing side of it. But assuming there's
5416
5417 1355
5418 01:07:40,950 ~-~-> 01:07:42,720
5419 some kind of support level, or premise
5420
5421 1356
5422 01:07:42,720 ~-~-> 01:07:43,710
5423 that you think this is going to go
5424
5425 1357
5426 01:07:43,710 ~-~-> 01:07:45,540
5427 higher, okay? We're not dealing with the
5428
5429 1358
5430 01:07:45,540 ~-~-> 01:07:46,710
5431 entry points here we're dealing with
5432
5433 1359
5434 01:07:46,710 ~-~-> 01:07:50,490
5435 targeting. Assuming that you get in here
5436
5437 1360
5438 01:07:50,520 ~-~-> 01:07:53,550
5439 on a minor pullback, okay, and something
5440
5441 1361
5442 01:07:53,580 ~-~-> 01:07:56,340
5443 set up this opportunity is a buy. Okay,
5444
5445 1362
5446 01:07:56,610 ~-~-> 01:08:00,000
5447 and where do we anticipate the upside
5448
5449 1363
5450 01:08:00,000 ~-~-> 01:08:02,070
5451 Objectives. Okay, well first you got
5452
5453 1364
5454 01:08:02,070 ~-~-> 01:08:03,840
5455 numbers numbers understand that there
5456
5457 1365
5458 01:08:03,840 ~-~-> 01:08:06,420
5459 are price swings within price swings
5460
5461 1366
5462 01:08:06,420 ~-~-> 01:08:08,970
5463 within price swings, okay, this price
5464
5465 1367
5466 01:08:08,970 ~-~-> 01:08:13,590
5467 swing here is 50% of this range from
5468
5469 1368
5470 01:08:13,590 ~-~-> 01:08:16,950
5471 high to low, this price swing here, okay
5472
5473 1369
5474 01:08:16,950 ~-~-> 01:08:19,950
5475 is equal to this price swing, but it
5476
5477 1370
5478 01:08:19,950 ~-~-> 01:08:23,430
5479 retraces back within 50% range of this,
5480
5481 1371
5482 01:08:23,460 ~-~-> 01:08:26,880
5483 okay. So there's a rule here that you
5484
5485 1372
5486 01:08:26,880 ~-~-> 01:08:29,550
5487 have to understand in targeting, that
5488
5489 1373
5490 01:08:29,550 ~-~-> 01:08:33,030
5491 means a symmetrical price swing. Okay? a
5492
5493 1374
5494 01:08:33,120 ~-~-> 01:08:35,370
5495 symmetrical price swing is basically
5496
5497 1375
5498 01:08:35,370 ~-~-> 01:08:37,860
5499 something like this, this move up here,
5500
5501 1376
5502 01:08:38,280 ~-~-> 01:08:41,940
5503 when this low, assuming this is a low,
5504
5505 1377
5506 01:08:42,510 ~-~-> 01:08:45,090
5507 if it's breaks right here, we should see
5508
5509 1378
5510 01:08:45,120 ~-~-> 01:08:47,010
5511 a equal move from this low to this
5512
5513 1379
5514 01:08:47,010 ~-~-> 01:08:50,190
5515 highest high, okay? This becomes a
5516
5517 1380
5518 01:08:50,190 ~-~-> 01:08:52,680
5519 fulcrum point, okay, or a pivot point,
5520
5521 1381
5522 01:08:53,280 ~-~-> 01:08:56,430
5523 not pivot point like s one s two type
5524
5525 1382
5526 01:08:56,430 ~-~-> 01:08:58,170
5527 pivots. I'm talking about a pivot point
5528
5529 1383
5530 01:08:58,170 ~-~-> 01:08:59,970
5531 in such a way where when price breaks
5532
5533 1384
5534 01:09:00,000 ~-~-> 01:09:04,140
5535 That you'll see it move lower and lower,
5536
5537 1385
5538 01:09:04,140 ~-~-> 01:09:06,840
5539 it's just like a hinge right here. Price
5540
5541 1386
5542 01:09:06,840 ~-~-> 01:09:09,780
5543 swung up, once it broke that low used to
5544
5545 1387
5546 01:09:09,780 ~-~-> 01:09:12,210
5547 see an equal move from this low to this
5548
5549 1388
5550 01:09:12,210 ~-~-> 01:09:16,080
5551 high in terms of range equal from this
5552
5553 1389
5554 01:09:16,230 ~-~-> 01:09:19,920
5555 low, lower, and you see that here, okay?
5556
5557 1390
5558 01:09:20,489 ~-~-> 01:09:22,499
5559 That same thing can be
5560
5561 1391
5562 01:09:22,980 ~-~-> 01:09:26,280
5563 developed on and moved in the green once
5564
5565 1392
5566 01:09:26,310 ~-~-> 01:09:29,850
5567 this high is broken. And you see that
5568
5569 1393
5570 01:09:29,850 ~-~-> 01:09:32,310
5571 here. Now inside this price move here
5572
5573 1394
5574 01:09:32,310 ~-~-> 01:09:34,440
5575 assuming this is a price rally, it's a
5576
5577 1395
5578 01:09:34,440 ~-~-> 01:09:35,970
5579 straight line but obviously we know
5580
5581 1396
5582 01:09:35,970 ~-~-> 01:09:37,260
5583 prices and always moving in a straight
5584
5585 1397
5586 01:09:37,260 ~-~-> 01:09:38,850
5587 line. There's other price swings within
5588
5589 1398
5590 01:09:38,850 ~-~-> 01:09:40,530
5591 here, but the overall what I'm trying to
5592
5593 1399
5594 01:09:40,530 ~-~-> 01:09:43,440
5595 draw your eye to is this overall price
5596
5597 1400
5598 01:09:43,440 ~-~-> 01:09:46,740
5599 swing lower. In this price swing from
5600
5601 1401
5602 01:09:46,740 ~-~-> 01:09:50,460
5603 high to low, there may be two, three,
5604
5605 1402
5606 01:09:50,490 ~-~-> 01:09:53,670
5607 maybe four or even multiple, smaller
5608
5609 1403
5610 01:09:53,670 ~-~-> 01:09:55,860
5611 price swings within it prior to a
5612
5613 1404
5614 01:09:55,860 ~-~-> 01:09:58,500
5615 turning and going up new to the target
5616
5617 1405
5618 01:09:58,500 ~-~-> 01:10:01,650
5619 to your hunting This high if it's
5620
5621 1406
5622 01:10:01,650 ~-~-> 01:10:04,650
5623 broken, this is a fulcrum point on the
5624
5625 1407
5626 01:10:04,650 ~-~-> 01:10:07,110
5627 bullish side. So as price rallies up,
5628
5629 1408
5630 01:10:07,320 ~-~-> 01:10:08,910
5631 okay, we're going to talk about multiple
5632
5633 1409
5634 01:10:08,910 ~-~-> 01:10:10,530
5635 targeting and all that stuff in another
5636
5637 1410
5638 01:10:10,530 ~-~-> 01:10:13,170
5639 video. But in here as price breaks that
5640
5641 1411
5642 01:10:13,170 ~-~-> 01:10:16,290
5643 point right here on this high, when it
5644
5645 1412
5646 01:10:16,290 ~-~-> 01:10:18,990
5647 takes that out, we should see this move
5648
5649 1413
5650 01:10:18,990 ~-~-> 01:10:23,400
5651 from this high to this low equal in
5652
5653 1414
5654 01:10:23,400 ~-~-> 01:10:27,120
5655 terms of magnitude and distance and
5656
5657 1415
5658 01:10:27,480 ~-~-> 01:10:30,060
5659 price, add that to this high and you'll
5660
5661 1416
5662 01:10:30,060 ~-~-> 01:10:31,980
5663 see it equal. So onwards, if you took a
5664
5665 1417
5666 01:10:32,760 ~-~-> 01:10:35,400
5667 line here and measured it with a ruler,
5668
5669 1418
5670 01:10:35,460 ~-~-> 01:10:39,060
5671 such you should see basically the same
5672
5673 1419
5674 01:10:39,180 ~-~-> 01:10:42,420
5675 distance from this high here to this low
5676
5677 1420
5678 01:10:42,870 ~-~-> 01:10:44,850
5679 added to this high up and you get this
5680
5681 1421
5682 01:10:44,850 ~-~-> 01:10:47,610
5683 area here. That's what that's the first
5684
5685 1422
5686 01:10:47,610 ~-~-> 01:10:49,740
5687 fundamental premise to understanding how
5688
5689 1423
5690 01:10:49,740 ~-~-> 01:10:51,270
5691 to take profits. Okay, and then we're
5692
5693 1424
5694 01:10:51,270 ~-~-> 01:10:53,700
5695 looking at a bullish scenario here, but
5696
5697 1425
5698 01:10:54,690 ~-~-> 01:10:57,900
5699 if you cannot understand this, okay,
5700
5701 1426
5702 01:10:58,380 ~-~-> 01:11:00,000
5703 it's gonna be very difficult, difficult
5704
5705 1427
5706 01:11:00,000 ~-~-> 01:11:02,310
5707 For you to understand where you should
5708
5709 1428
5710 01:11:02,310 ~-~-> 01:11:04,620
5711 be taking profits, okay? Because if you
5712
5713 1429
5714 01:11:04,620 ~-~-> 01:11:08,640
5715 understand this crude, overall concept
5716
5717 1430
5718 01:11:09,090 ~-~-> 01:11:12,450
5719 of price swings, okay? You understand
5720
5721 1431
5722 01:11:12,450 ~-~-> 01:11:14,940
5723 that targeting in systematically taking
5724
5725 1432
5726 01:11:14,940 ~-~-> 01:11:17,070
5727 it at predetermined levels is gonna be
5728
5729 1433
5730 01:11:17,070 ~-~-> 01:11:19,230
5731 very easy for you, if you cannot see
5732
5733 1434
5734 01:11:19,230 ~-~-> 01:11:22,260
5735 that here, okay? It's gonna be a little
5736
5737 1435
5738 01:11:22,260 ~-~-> 01:11:23,670
5739 bit easier to see when I have it on
5740
5741 1436
5742 01:11:23,670 ~-~-> 01:11:26,430
5743 charts but it's it's Paramount you have
5744
5745 1437
5746 01:11:26,430 ~-~-> 01:11:28,260
5747 to understand this because there is a
5748
5749 1438
5750 01:11:28,260 ~-~-> 01:11:31,980
5751 50% rule in symmetrical price action.
5752
5753 1439
5754 01:11:32,640 ~-~-> 01:11:35,430
5755 And it's basically measured moves this
5756
5757 1440
5758 01:11:35,460 ~-~-> 01:11:38,640
5759 high to low. Once broken here, you'll
5760
5761 1441
5762 01:11:38,640 ~-~-> 01:11:41,820
5763 get a motion move higher. Okay. So let's
5764
5765 1442
5766 01:11:41,820 ~-~-> 01:11:44,940
5767 take another closer look as to what I'm
5768
5769 1443
5770 01:11:44,940 ~-~-> 01:11:52,740
5771 referring to. Okay, when you have a
5772
5773 1444
5774 01:11:52,770 ~-~-> 01:11:55,200
5775 retracement, you have a price rally
5776
5777 1445
5778 01:11:55,200 ~-~-> 01:11:57,630
5779 here. So this is an impulse move up and
5780
5781 1446
5782 01:11:57,630 ~-~-> 01:12:00,000
5783 you have a retracement into this range.
5784
5785 1447
5786 01:12:00,000 ~-~-> 01:12:03,390
5787 From that low to high, this could be any
5788
5789 1448
5790 01:12:03,390 ~-~-> 01:12:04,740
5791 number of things. This could be a higher
5792
5793 1449
5794 01:12:04,740 ~-~-> 01:12:08,520
5795 level support line, it could be a pivot,
5796
5797 1450
5798 01:12:08,700 ~-~-> 01:12:12,000
5799 or fib. Okay? It could be an order
5800
5801 1451
5802 01:12:12,000 ~-~-> 01:12:14,160
5803 block. A lot of different things. Could
5804
5805 1452
5806 01:12:14,550 ~-~-> 01:12:16,350
5807 you substantiate this as a support
5808
5809 1453
5810 01:12:16,350 ~-~-> 01:12:18,360
5811 level. But the main thing is, is you
5812
5813 1454
5814 01:12:18,360 ~-~-> 01:12:21,330
5815 want to be looking at. Obviously, when
5816
5817 1455
5818 01:12:21,330 ~-~-> 01:12:24,180
5819 price moves beyond this level here, you
5820
5821 1456
5822 01:12:24,180 ~-~-> 01:12:27,420
5823 want to see a equal move from this high
5824
5825 1457
5826 01:12:27,420 ~-~-> 01:12:31,650
5827 to low added to this hice price point
5828
5829 1458
5830 01:12:31,890 ~-~-> 01:12:35,640
5831 up. Okay. Again, that's the same premise
5832
5833 1459
5834 01:12:35,640 ~-~-> 01:12:37,260
5835 we just talked about on the previous
5836
5837 1460
5838 01:12:37,260 ~-~-> 01:12:38,550
5839 slide. But now we're gonna take it a
5840
5841 1461
5842 01:12:38,550 ~-~-> 01:12:41,370
5843 little bit further when you understand
5844
5845 1462
5846 01:12:41,370 ~-~-> 01:12:44,400
5847 how to use Fibonacci, okay, Fibonacci.
5848
5849 1463
5850 01:12:44,820 ~-~-> 01:12:46,440
5851 To get retracements you would anchor the
5852
5853 1464
5854 01:12:46,440 ~-~-> 01:12:50,010
5855 price point, low here to this high.
5856
5857 1465
5858 01:12:50,190 ~-~-> 01:12:51,390
5859 Okay, so those are your two reference
5860
5861 1466
5862 01:12:51,390 ~-~-> 01:12:53,310
5863 points for retracements. On an up move,
5864
5865 1467
5866 01:12:53,580 ~-~-> 01:12:55,260
5867 you're going to pull your fib from a low
5868
5869 1468
5870 01:12:55,920 ~-~-> 01:12:57,540
5871 to a high and what that'll do is it'll
5872
5873 1469
5874 01:12:57,540 ~-~-> 01:12:59,550
5875 plot within the range of that low and
5876
5877 1470
5878 01:12:59,550 ~-~-> 01:13:02,010
5879 high All of the retracement levels. So
5880
5881 1471
5882 01:13:02,010 ~-~-> 01:13:05,760
5883 this may be a 50 this may be a 60 to 79
5884
5885 1472
5886 01:13:05,760 ~-~-> 01:13:07,230
5887 such so something down here would be an
5888
5889 1473
5890 01:13:07,230 ~-~-> 01:13:11,220
5891 optimal trade entry. Now, as price moves
5892
5893 1474
5894 01:13:11,250 ~-~-> 01:13:14,130
5895 up once we take out this high, it does
5896
5897 1475
5898 01:13:14,130 ~-~-> 01:13:16,920
5899 not, it does not
5900
5901 1476
5902 01:13:18,119 ~-~-> 01:13:19,049
5903 guarantee
5904
5905 1477
5906 01:13:19,170 ~-~-> 01:13:23,580
5907 that you'll get a 200% equal move from
5908
5909 1478
5910 01:13:23,580 ~-~-> 01:13:26,490
5911 this high to this low. Once it's broken
5912
5913 1479
5914 01:13:26,490 ~-~-> 01:13:28,080
5915 right here. There's no guarantee it's
5916
5917 1480
5918 01:13:28,080 ~-~-> 01:13:30,990
5919 going to go 100% of whatever that range
5920
5921 1481
5922 01:13:30,990 ~-~-> 01:13:32,820
5923 is, okay? It's not it's not it's no
5924
5925 1482
5926 01:13:32,820 ~-~-> 01:13:36,780
5927 guarantee that okay? But there is a very
5928
5929 1483
5930 01:13:36,780 ~-~-> 01:13:39,630
5931 large probability. If you calculate the
5932
5933 1484
5934 01:13:39,630 ~-~-> 01:13:43,830
5935 range from this high to this low. Let's
5936
5937 1485
5938 01:13:43,830 ~-~-> 01:13:47,100
5939 assume for a moment that that's 100
5940
5941 1486
5942 01:13:47,100 ~-~-> 01:13:52,020
5943 pips, okay. 100 pips. If price breaks
5944
5945 1487
5946 01:13:52,020 ~-~-> 01:13:53,910
5947 the high as it does here, in this
5948
5949 1488
5950 01:13:53,910 ~-~-> 01:13:55,920
5951 example, it's a gun obviously, this is a
5952
5953 1489
5954 01:13:55,920 ~-~-> 01:13:58,470
5955 hand drawn. illustration is not a price
5956
5957 1490
5958 01:13:58,470 ~-~-> 01:14:01,860
5959 action chart, but Price blows out this
5960
5961 1491
5962 01:14:01,860 ~-~-> 01:14:05,250
5963 high when it does that. If you take the
5964
5965 1492
5966 01:14:05,250 ~-~-> 01:14:07,590
5967 range from here to here, again that
5968
5969 1493
5970 01:14:07,590 ~-~-> 01:14:12,270
5971 being 100 pips assuming if you see from
5972
5973 1494
5974 01:14:12,270 ~-~-> 01:14:18,690
5975 the low here 127 pips up price has a
5976
5977 1495
5978 01:14:18,690 ~-~-> 01:14:20,640
5979 high probability of moving to that price
5980
5981 1496
5982 01:14:20,640 ~-~-> 01:14:25,710
5983 point. Okay, if you go 162 pips from
5984
5985 1497
5986 01:14:25,710 ~-~-> 01:14:28,890
5987 that low up here 162 pips, you have a
5988
5989 1498
5990 01:14:28,890 ~-~-> 01:14:30,210
5991 high probability of seeing that price
5992
5993 1499
5994 01:14:30,210 ~-~-> 01:14:32,370
5995 move as well. Now, where did I get those
5996
5997 1500
5998 01:14:32,370 ~-~-> 01:14:35,280
5999 numbers from? Some of you guys
6000
6001 1501
6002 01:14:35,280 ~-~-> 01:14:36,540
6003 understand Fibonacci, you're saying,
6004
6005 1502
6006 01:14:36,540 ~-~-> 01:14:37,920
6007 well, that's pretty stupid, you know,
6008
6009 1503
6010 01:14:38,250 ~-~-> 01:14:40,680
6011 obviously, it's there. 127 162
6012
6013 1504
6014 01:14:40,680 ~-~-> 01:14:42,450
6015 extensions, right? But some of you
6016
6017 1505
6018 01:14:42,480 ~-~-> 01:14:44,550
6019 aren't privy as to what I'm referring
6020
6021 1506
6022 01:14:44,550 ~-~-> 01:14:45,720
6023 to. And we're going to learn that now.
6024
6025 1507
6026 01:14:46,500 ~-~-> 01:14:49,440
6027 If you take your fib and reverse its
6028
6029 1508
6030 01:14:49,440 ~-~-> 01:14:51,750
6031 application, okay, and I'm going to show
6032
6033 1509
6034 01:14:51,750 ~-~-> 01:14:53,280
6035 you later on how to calibrate your mt
6036
6037 1510
6038 01:14:53,280 ~-~-> 01:14:56,310
6039 for Fibonacci tool. But if you take the
6040
6041 1511
6042 01:14:56,310 ~-~-> 01:14:57,690
6043 fib and you anchor it from the high
6044
6045 1512
6046 01:14:57,690 ~-~-> 01:14:59,970
6047 here, and you draw it down to the low
6048
6049 1513
6050 01:15:00,330 ~-~-> 01:15:02,610
6051 Here, what that's going to do is it's
6052
6053 1514
6054 01:15:02,610 ~-~-> 01:15:09,270
6055 going to plot a 1.27 and a 1.62. Line,
6056
6057 1515
6058 01:15:09,840 ~-~-> 01:15:12,150
6059 okay, and when price blows out this
6060
6061 1516
6062 01:15:12,150 ~-~-> 01:15:14,970
6063 high, when it reaches those levels, they
6064
6065 1517
6066 01:15:14,970 ~-~-> 01:15:18,030
6067 are very, very, very good levels to take
6068
6069 1518
6070 01:15:18,030 ~-~-> 01:15:20,400
6071 profits at. They're easily determined,
6072
6073 1519
6074 01:15:20,580 ~-~-> 01:15:22,380
6075 they're pre determined, there's no
6076
6077 1520
6078 01:15:22,380 ~-~-> 01:15:24,240
6079 ambiguity about it, you'll know exactly
6080
6081 1521
6082 01:15:24,240 ~-~-> 01:15:25,920
6083 what you're looking for price wise, and
6084
6085 1522
6086 01:15:25,920 ~-~-> 01:15:27,480
6087 you can place your limit orders at those
6088
6089 1523
6090 01:15:27,480 ~-~-> 01:15:30,690
6091 levels to get out at okay. But
6092
6093 1524
6094 01:15:30,690 ~-~-> 01:15:32,580
6095 obviously, when we get to new live
6096
6097 1525
6098 01:15:32,580 ~-~-> 01:15:34,380
6099 examples in the charts, you'll see much
6100
6101 1526
6102 01:15:34,380 ~-~-> 01:15:36,120
6103 more clearly what I'm referring to.
6104
6105 1527
6106 01:15:42,840 ~-~-> 01:15:44,160
6107 Okay, let's assume for a moment that
6108
6109 1528
6110 01:15:44,160 ~-~-> 01:15:46,290
6111 we're looking at a price move it
6112
6113 1529
6114 01:15:46,290 ~-~-> 01:15:48,780
6115 suggests this is going to go higher, and
6116
6117 1530
6118 01:15:48,810 ~-~-> 01:15:50,820
6119 prices had an impulse move up and now
6120
6121 1531
6122 01:15:50,820 ~-~-> 01:15:52,380
6123 we're retracing within that range, the
6124
6125 1532
6126 01:15:52,380 ~-~-> 01:15:54,390
6127 range being this low. And this high,
6128
6129 1533
6130 01:15:54,540 ~-~-> 01:15:56,550
6131 something now here constitutes a order
6132
6133 1534
6134 01:15:56,550 ~-~-> 01:15:58,350
6135 block maybe or an optimal trade entry
6136
6137 1535
6138 01:15:58,350 ~-~-> 01:16:00,330
6139 something to support an idea This is
6140
6141 1536
6142 01:16:00,330 ~-~-> 01:16:01,710
6143 going to go higher or assuming it's
6144
6145 1537
6146 01:16:01,710 ~-~-> 01:16:03,870
6147 going to go higher. What will happen is
6148
6149 1538
6150 01:16:03,870 ~-~-> 01:16:05,550
6151 you'll see hopefully price moves in your
6152
6153 1539
6154 01:16:05,550 ~-~-> 01:16:08,550
6155 favor. Okay. And by pulling your fear
6156
6157 1540
6158 01:16:08,550 ~-~-> 01:16:10,590
6159 from this level here, to this level
6160
6161 1541
6162 01:16:10,590 ~-~-> 01:16:12,930
6163 here, you can get your 127 and 162
6164
6165 1542
6166 01:16:12,930 ~-~-> 01:16:16,950
6167 extensions and still anticipate if
6168
6169 1543
6170 01:16:16,950 ~-~-> 01:16:18,300
6171 you're in a higher higher timeframe
6172
6173 1544
6174 01:16:18,300 ~-~-> 01:16:21,390
6175 directional premise, you can anticipate
6176
6177 1545
6178 01:16:21,390 ~-~-> 01:16:25,020
6179 a 200% price projection, okay, which is
6180
6181 1546
6182 01:16:25,050 ~-~-> 01:16:27,660
6183 this high down to this low that range at
6184
6185 1547
6186 01:16:27,660 ~-~-> 01:16:29,310
6187 that range to this high and you'll get
6188
6189 1548
6190 01:16:29,310 ~-~-> 01:16:31,800
6191 that high up here. Okay, that's the
6192
6193 1549
6194 01:16:31,800 ~-~-> 01:16:33,570
6195 ultimate price level that you're looking
6196
6197 1550
6198 01:16:33,570 ~-~-> 01:16:35,400
6199 for. So that's the furthest it's going
6200
6201 1551
6202 01:16:35,400 ~-~-> 01:16:37,770
6203 to go. Now will it go beyond that?
6204
6205 1552
6206 01:16:37,770 ~-~-> 01:16:40,110
6207 Sometimes? Sure. Okay, many times it'll,
6208
6209 1553
6210 01:16:40,140 ~-~-> 01:16:42,900
6211 it'll do that. But overall, if you look
6212
6213 1554
6214 01:16:42,900 ~-~-> 01:16:46,890
6215 at 127 162 and 200, as your extensions,
6216
6217 1555
6218 01:16:47,280 ~-~-> 01:16:50,130
6219 their ideal optimal exit points for your
6220
6221 1556
6222 01:16:50,130 ~-~-> 01:16:52,650
6223 trades that are easily discernible, and
6224
6225 1557
6226 01:16:52,650 ~-~-> 01:16:54,420
6227 there's no ambiguity whatsoever because
6228
6229 1558
6230 01:16:54,420 ~-~-> 01:16:58,200
6231 this wave, lower is when it shoots
6232
6233 1559
6234 01:16:58,200 ~-~-> 01:17:00,480
6235 higher. Okay, I probably shouldn't Wave
6236
6237 1560
6238 01:17:00,480 ~-~-> 01:17:01,860
6239 because I don't want you guys thinking
6240
6241 1561
6242 01:17:01,860 ~-~-> 01:17:03,810
6243 I'm Elliott Wave fan because I am not
6244
6245 1562
6246 01:17:03,990 ~-~-> 01:17:07,290
6247 okay but this price swing rather when
6248
6249 1563
6250 01:17:07,290 ~-~-> 01:17:08,820
6251 this price swing starts to complete move
6252
6253 1564
6254 01:17:08,820 ~-~-> 01:17:10,770
6255 higher. We know that this market
6256
6257 1565
6258 01:17:10,770 ~-~-> 01:17:13,020
6259 structure high once it's broken out we
6260
6261 1566
6262 01:17:13,020 ~-~-> 01:17:15,990
6263 can have 127 162 and 200 extensions
6264
6265 1567
6266 01:17:16,170 ~-~-> 01:17:19,080
6267 predetermine based on this range here
6268
6269 1568
6270 01:17:19,470 ~-~-> 01:17:21,390
6271 with the premise that it's going higher
6272
6273 1569
6274 01:17:21,390 ~-~-> 01:17:24,720
6275 off that retracement okay as price moves
6276
6277 1570
6278 01:17:24,750 ~-~-> 01:17:27,360
6279 lower into a deeper retracement of this
6280
6281 1571
6282 01:17:27,360 ~-~-> 01:17:31,110
6283 impulse move. So we have this again this
6284
6285 1572
6286 01:17:31,110 ~-~-> 01:17:33,690
6287 retracement lower within this range
6288
6289 1573
6290 01:17:33,690 ~-~-> 01:17:37,680
6291 here. Okay. It could go deeper. Yes.
6292
6293 1574
6294 01:17:37,860 ~-~-> 01:17:39,870
6295 Okay, could retrace deeper, but we're
6296
6297 1575
6298 01:17:39,870 ~-~-> 01:17:41,340
6299 just going to use this idea here as
6300
6301 1576
6302 01:17:41,340 ~-~-> 01:17:45,420
6303 support resistance. And with this
6304
6305 1577
6306 01:17:45,660 ~-~-> 01:17:47,610
6307 likelihood of this being support price
6308
6309 1578
6310 01:17:47,610 ~-~-> 01:17:51,600
6311 could again, move higher. And if we do
6312
6313 1579
6314 01:17:51,690 ~-~-> 01:17:52,770
6315 assume that this is a buying
6316
6317 1580
6318 01:17:52,770 ~-~-> 01:17:54,870
6319 opportunity, okay, maybe there's an
6320
6321 1581
6322 01:17:54,870 ~-~-> 01:17:55,980
6323 order block over here and there's a
6324
6325 1582
6326 01:17:55,980 ~-~-> 01:17:57,870
6327 consolidation within this leg up.
6328
6329 1583
6330 01:17:58,530 ~-~-> 01:18:00,720
6331 Something constitutes a boy opportunity
6332
6333 1584
6334 01:18:00,720 ~-~-> 01:18:04,020
6335 in here. If we buy here, we have a pre
6336
6337 1585
6338 01:18:04,020 ~-~-> 01:18:06,990
6339 determined old high here and in the
6340
6341 1586
6342 01:18:06,990 ~-~-> 01:18:10,200
6343 range here, assume that's for the sake
6344
6345 1587
6346 01:18:10,200 ~-~-> 01:18:13,110
6347 of argument again say it's 100 pips. We
6348
6349 1588
6350 01:18:13,110 ~-~-> 01:18:16,380
6351 could take our anticipatory skills and
6352
6353 1589
6354 01:18:16,380 ~-~-> 01:18:18,450
6355 expect to see price try to retest this
6356
6357 1590
6358 01:18:18,450 ~-~-> 01:18:21,780
6359 high and if it blows through that we
6360
6361 1591
6362 01:18:21,780 ~-~-> 01:18:23,910
6363 could reasonably expect to see the 127
6364
6365 1592
6366 01:18:24,390 ~-~-> 01:18:26,730
6367 or 127 pips from this low once it starts
6368
6369 1593
6370 01:18:26,730 ~-~-> 01:18:29,610
6371 to turn up, or the 162 extension, which
6372
6373 1594
6374 01:18:29,610 ~-~-> 01:18:32,250
6375 is 162 pips from that low. Okay, in this
6376
6377 1595
6378 01:18:32,250 ~-~-> 01:18:33,990
6379 example, again, assuming that this is
6380
6381 1596
6382 01:18:33,990 ~-~-> 01:18:37,980
6383 100 PIP retracement, obviously your
6384
6385 1597
6386 01:18:37,980 ~-~-> 01:18:39,960
6387 Fibonacci tool will give you all the
6388
6389 1598
6390 01:18:39,960 ~-~-> 01:18:41,430
6391 calculations, so I'm just giving it
6392
6393 1599
6394 01:18:41,430 ~-~-> 01:18:43,290
6395 without the benefit of having a
6396
6397 1600
6398 01:18:43,290 ~-~-> 01:18:45,900
6399 Fibonacci application on this diagram.
6400
6401 1601
6402 01:18:47,100 ~-~-> 01:18:49,620
6403 So you'd be able to see when price takes
6404
6405 1602
6406 01:18:49,620 ~-~-> 01:18:52,830
6407 this high out 127 and 162 extensions
6408
6409 1603
6410 01:18:52,830 ~-~-> 01:18:54,150
6411 respectively would be your upside
6412
6413 1604
6414 01:18:54,150 ~-~-> 01:18:56,010
6415 objectives. Okay, so they're, they're
6416
6417 1605
6418 01:18:56,010 ~-~-> 01:18:58,590
6419 pre determined levels to accident. Okay.
6420
6421 1606
6422 01:18:58,920 ~-~-> 01:19:01,920
6423 So Every time you trade within a price
6424
6425 1607
6426 01:19:01,920 ~-~-> 01:19:05,970
6427 swing, you could derive it in advance
6428
6429 1608
6430 01:19:05,970 ~-~-> 01:19:07,290
6431 where your exit points are going to be
6432
6433 1609
6434 01:19:07,650 ~-~-> 01:19:10,170
6435 new them beforehand. So you can use a
6436
6437 1610
6438 01:19:10,170 ~-~-> 01:19:12,000
6439 limit order. And you can really pretty
6440
6441 1611
6442 01:19:12,000 ~-~-> 01:19:14,670
6443 much go to sleep. Okay, you can go to
6444
6445 1612
6446 01:19:14,670 ~-~-> 01:19:16,620
6447 work if you have your job. If it's the
6448
6449 1613
6450 01:19:16,620 ~-~-> 01:19:18,090
6451 long session, if you can get yourself up
6452
6453 1614
6454 01:19:18,120 ~-~-> 01:19:19,440
6455 out of the bed for a little while, set
6456
6457 1615
6458 01:19:19,440 ~-~-> 01:19:21,210
6459 the orders up. Once you get into a
6460
6461 1616
6462 01:19:21,210 ~-~-> 01:19:23,580
6463 trade, you know, you first for instance,
6464
6465 1617
6466 01:19:23,580 ~-~-> 01:19:25,920
6467 assume that this is London open and
6468
6469 1618
6470 01:19:25,920 ~-~-> 01:19:27,840
6471 you're trying to be long. Okay, you can
6472
6473 1619
6474 01:19:27,840 ~-~-> 01:19:29,370
6475 put your limit orders here and can go to
6476
6477 1620
6478 01:19:29,370 ~-~-> 01:19:31,920
6479 bed and hopefully sometime in London
6480
6481 1621
6482 01:19:31,920 ~-~-> 01:19:34,230
6483 close or in New York session, we could
6484
6485 1622
6486 01:19:34,230 ~-~-> 01:19:36,600
6487 see those objectives fulfilled. Okay,
6488
6489 1623
6490 01:19:36,630 ~-~-> 01:19:38,190
6491 and that's just one application or
6492
6493 1624
6494 01:19:38,760 ~-~-> 01:19:40,530
6495 anticipatory example.
6496
6497 1625
6498 01:19:47,100 ~-~-> 01:19:48,630
6499 Okay, obviously the same thing could be
6500
6501 1626
6502 01:19:48,630 ~-~-> 01:19:51,420
6503 said on the downside understanding if
6504
6505 1627
6506 01:19:51,780 ~-~-> 01:19:53,070
6507 there's something up here that
6508
6509 1628
6510 01:19:53,100 ~-~-> 01:19:55,020
6511 constitutes a selling opportunity,
6512
6513 1629
6514 01:19:55,050 ~-~-> 01:19:57,090
6515 something bearish, okay, and we're not
6516
6517 1630
6518 01:19:57,090 ~-~-> 01:19:58,560
6519 going to build a context as to what that
6520
6521 1631
6522 01:19:58,560 ~-~-> 01:20:01,050
6523 would be. We'll have all kinds of
6524
6525 1632
6526 01:20:01,080 ~-~-> 01:20:02,670
6527 opportunities to understand what that is
6528
6529 1633
6530 01:20:02,670 ~-~-> 01:20:04,830
6531 in this series. So assuming that is the
6532
6533 1634
6534 01:20:04,830 ~-~-> 01:20:07,770
6535 case, when you're when your market
6536
6537 1635
6538 01:20:08,550 ~-~-> 01:20:12,030
6539 breaks lower, okay, what in this price
6540
6541 1636
6542 01:20:12,030 ~-~-> 01:20:17,100
6543 swing is your point of reference? Okay,
6544
6545 1637
6546 01:20:17,340 ~-~-> 01:20:19,020
6547 if you're bearish the overall price
6548
6549 1638
6550 01:20:19,020 ~-~-> 01:20:20,430
6551 structures you should be looking for
6552
6553 1639
6554 01:20:20,430 ~-~-> 01:20:22,950
6555 obviously these individual price swings,
6556
6557 1640
6558 01:20:22,950 ~-~-> 01:20:25,020
6559 yes. Okay. So in other words, this swing
6560
6561 1641
6562 01:20:25,020 ~-~-> 01:20:28,110
6563 here, trade it up, whatever this range
6564
6565 1642
6566 01:20:28,380 ~-~-> 01:20:29,940
6567 from here to here is it's the
6568
6569 1643
6570 01:20:29,940 ~-~-> 01:20:31,830
6571 retracement into. So that could be a
6572
6573 1644
6574 01:20:31,830 ~-~-> 01:20:33,750
6575 selling opportunity here. But if you
6576
6577 1645
6578 01:20:33,750 ~-~-> 01:20:35,700
6579 take the range between this high to this
6580
6581 1646
6582 01:20:35,700 ~-~-> 01:20:43,800
6583 low 127% on sorry, 1.27 in the Fibonacci
6584
6585 1647
6586 01:20:43,800 ~-~-> 01:20:46,200
6587 bar 127% of that if you multiplied it,
6588
6589 1648
6590 01:20:46,830 ~-~-> 01:20:48,690
6591 that would give you a lower objective
6592
6593 1649
6594 01:20:48,690 ~-~-> 01:20:52,950
6595 here. And 162% of that range would give
6596
6597 1650
6598 01:20:52,950 ~-~-> 01:20:55,590
6599 you the 162 extension down here as well.
6600
6601 1651
6602 01:20:56,160 ~-~-> 01:21:01,290
6603 Same thing here we have this hi In this
6604
6605 1652
6606 01:21:01,290 ~-~-> 01:21:04,710
6607 low that range of pips once this low is
6608
6609 1653
6610 01:21:04,710 ~-~-> 01:21:07,320
6611 violated as it is here in this example,
6612
6613 1654
6614 01:21:07,860 ~-~-> 01:21:10,050
6615 we could look at the range from this low
6616
6617 1655
6618 01:21:10,620 ~-~-> 01:21:14,700
6619 to this high Okay, we could see the 127
6620
6621 1656
6622 01:21:14,700 ~-~-> 01:21:18,510
6623 extension and 162 extension as downside
6624
6625 1657
6626 01:21:18,510 ~-~-> 01:21:22,890
6627 objectives, okay. I should have said
6628
6629 1658
6630 01:21:22,890 ~-~-> 01:21:25,440
6631 this in the previous mentioning, but the
6632
6633 1659
6634 01:21:25,440 ~-~-> 01:21:28,740
6635 intermediate term swing between the
6636
6637 1660
6638 01:21:28,740 ~-~-> 01:21:30,720
6639 smaller swings, okay think back in
6640
6641 1661
6642 01:21:30,720 ~-~-> 01:21:32,970
6643 market structure now, this would be the
6644
6645 1662
6646 01:21:33,240 ~-~-> 01:21:36,690
6647 higher level, price swing, okay. or
6648
6649 1663
6650 01:21:36,690 ~-~-> 01:21:38,940
6651 major reference point, the intermediate
6652
6653 1664
6654 01:21:38,940 ~-~-> 01:21:40,740
6655 term reference points many times if you
6656
6657 1665
6658 01:21:40,740 ~-~-> 01:21:44,430
6659 see price, take this leg here. If you
6660
6661 1666
6662 01:21:44,520 ~-~-> 01:21:47,400
6663 project your your Fibonacci based on
6664
6665 1667
6666 01:21:47,400 ~-~-> 01:21:50,970
6667 that, that range, you'll get the 127
6668
6669 1668
6670 01:21:50,970 ~-~-> 01:21:54,090
6671 here and in 162 many times you'll get a
6672
6673 1669
6674 01:21:54,210 ~-~-> 01:21:56,550
6675 intermediate term, deeper retracement
6676
6677 1670
6678 01:21:57,600 ~-~-> 01:21:58,950
6679 from the high that forms back here
6680
6681 1671
6682 01:21:58,950 ~-~-> 01:22:00,900
6683 that's originally a sell off You'll get
6684
6685 1672
6686 01:22:00,900 ~-~-> 01:22:03,360
6687 a retracement into that range and then
6688
6689 1673
6690 01:22:03,360 ~-~-> 01:22:04,740
6691 you'll see the fulfillment of this
6692
6693 1674
6694 01:22:04,740 ~-~-> 01:22:08,910
6695 swings targeting which is 127 162 which
6696
6697 1675
6698 01:22:08,910 ~-~-> 01:22:10,470
6699 hopefully would arrive down here
6700
6701 1676
6702 01:22:10,830 ~-~-> 01:22:14,760
6703 conceptually speaking. But everything
6704
6705 1677
6706 01:22:14,760 ~-~-> 01:22:16,200
6707 that I said and when the bullish side
6708
6709 1678
6710 01:22:16,200 ~-~-> 01:22:18,660
6711 obviously if you flip it, you can get
6712
6713 1679
6714 01:22:18,660 ~-~-> 01:22:21,090
6715 the converse idea for the bearish.
6716
6717 1680
6718 01:22:26,850 ~-~-> 01:22:28,620
6719 Okay, and again, much in the same
6720
6721 1681
6722 01:22:28,620 ~-~-> 01:22:31,260
6723 capacity, what we mentioned earlier,
6724
6725 1682
6726 01:22:32,550 ~-~-> 01:22:36,060
6727 everything that you see on price swings.
6728
6729 1683
6730 01:22:36,600 ~-~-> 01:22:38,850
6731 If this is a move lower, you're looking
6732
6733 1684
6734 01:22:38,850 ~-~-> 01:22:41,010
6735 for a selling opportunity here. This
6736
6737 1685
6738 01:22:41,010 ~-~-> 01:22:44,700
6739 range, if you pull your fib from the low
6740
6741 1686
6742 01:22:44,820 ~-~-> 01:22:47,430
6743 to this high, it'll project on your when
6744
6745 1687
6746 01:22:47,430 ~-~-> 01:22:49,440
6747 you Fibonacci, the 127 and 162
6748
6749 1688
6750 01:22:49,440 ~-~-> 01:22:52,740
6751 extensions down in that area is where
6752
6753 1689
6754 01:22:52,740 ~-~-> 01:22:55,230
6755 you'd be looking to hunt them about 75
6756
6757 1690
6758 01:22:55,260 ~-~-> 01:22:58,860
6759 to 80% of your exit points. If you feel
6760
6761 1691
6762 01:22:58,860 ~-~-> 01:23:01,710
6763 absolutely certain Okay, that you,
6764
6765 1692
6766 01:23:01,740 ~-~-> 01:23:04,590
6767 you're going to see a 200% extension now
6768
6769 1693
6770 01:23:04,590 ~-~-> 01:23:08,100
6771 words, whatever this ranges from high to
6772
6773 1694
6774 01:23:08,100 ~-~-> 01:23:10,350
6775 low. If you're looking for a downswing
6776
6777 1695
6778 01:23:10,830 ~-~-> 01:23:12,900
6779 when this low is taken out, whatever
6780
6781 1696
6782 01:23:12,900 ~-~-> 01:23:16,200
6783 that range is, it's duplicated. And
6784
6785 1697
6786 01:23:16,680 ~-~-> 01:23:18,210
6787 you'll see that same magnitude wave
6788
6789 1698
6790 01:23:18,210 ~-~-> 01:23:21,840
6791 lower or swing low rather, which is
6792
6793 1699
6794 01:23:21,840 ~-~-> 01:23:24,240
6795 basically taking this low to this high.
6796
6797 1700
6798 01:23:24,330 ~-~-> 01:23:27,390
6799 And if you had it in your Fibonacci, it
6800
6801 1701
6802 01:23:27,390 ~-~-> 01:23:29,490
6803 would be a 200% extension, but I'm
6804
6805 1702
6806 01:23:29,490 ~-~-> 01:23:33,240
6807 trying to avoid conditioning you to
6808
6809 1703
6810 01:23:33,240 ~-~-> 01:23:35,070
6811 expect it all the time. Okay, I'm
6812
6813 1704
6814 01:23:35,070 ~-~-> 01:23:36,780
6815 conditioning you really to expect to
6816
6817 1705
6818 01:23:37,170 ~-~-> 01:23:39,810
6819 127 162 extensions because they are
6820
6821 1706
6822 01:23:40,200 ~-~-> 01:23:42,630
6823 very, very consistent and you pretty
6824
6825 1707
6826 01:23:42,630 ~-~-> 01:23:45,690
6827 much you know, going to be rewarded more
6828
6829 1708
6830 01:23:45,690 ~-~-> 01:23:47,610
6831 consistently with that, then you will
6832
6833 1709
6834 01:23:47,610 ~-~-> 01:23:48,540
6835 get to 200%.
6836
6837 1710
6838 01:23:54,150 ~-~-> 01:23:56,040
6839 Again, same thing, we have a premise
6840
6841 1711
6842 01:23:56,040 ~-~-> 01:23:58,770
6843 that this is a bear market movie of a
6844
6845 1712
6846 01:23:59,640 ~-~-> 01:24:01,800
6847 bear impulse move lower. We have a
6848
6849 1713
6850 01:24:01,800 ~-~-> 01:24:04,410
6851 retracement within that move something
6852
6853 1714
6854 01:24:04,410 ~-~-> 01:24:06,870
6855 is implying a selling situations on
6856
6857 1715
6858 01:24:06,870 ~-~-> 01:24:09,720
6859 their way. The range from this low to
6860
6861 1716
6862 01:24:09,720 ~-~-> 01:24:12,120
6863 this high is used with your Fibonacci.
6864
6865 1717
6866 01:24:12,120 ~-~-> 01:24:14,130
6867 So you use the fib from the low up to
6868
6869 1718
6870 01:24:14,130 ~-~-> 01:24:16,260
6871 this high. And it's going to project
6872
6873 1719
6874 01:24:16,320 ~-~-> 01:24:19,590
6875 your Fibonacci extension 127 and 162.
6876
6877 1720
6878 01:24:20,550 ~-~-> 01:24:23,520
6879 Yeah 162 and once it gets to those
6880
6881 1721
6882 01:24:23,520 ~-~-> 01:24:24,570
6883 levels, many times you'll see a
6884
6885 1722
6886 01:24:24,570 ~-~-> 01:24:28,770
6887 retracement unfold. And the impulse move
6888
6889 1723
6890 01:24:28,770 ~-~-> 01:24:30,870
6891 lower here has a retracement assuming
6892
6893 1724
6894 01:24:30,870 ~-~-> 01:24:32,610
6895 that this low is significant and market
6896
6897 1725
6898 01:24:32,610 ~-~-> 01:24:35,190
6899 structure. Something could be in line
6900
6901 1726
6902 01:24:35,220 ~-~-> 01:24:36,690
6903 with the you know the order block here
6904
6905 1727
6906 01:24:36,690 ~-~-> 01:24:38,460
6907 within this range. Again, these are not
6908
6909 1728
6910 01:24:38,460 ~-~-> 01:24:40,980
6911 just straight market moves. There's all
6912
6913 1729
6914 01:24:40,980 ~-~-> 01:24:43,800
6915 smaller price swings within this leg in
6916
6917 1730
6918 01:24:43,800 ~-~-> 01:24:45,840
6919 price. So you have to reference those as
6920
6921 1731
6922 01:24:45,840 ~-~-> 01:24:47,430
6923 well like we did in previous market.
6924
6925 1732
6926 01:24:49,740 ~-~-> 01:24:54,840
6927 videos in this series. When this range
6928
6929 1733
6930 01:24:54,840 ~-~-> 01:24:57,930
6931 here is calculate again pulling a fib
6932
6933 1734
6934 01:24:57,930 ~-~-> 01:25:00,180
6935 from the low up to the high okay. It's
6936
6937 1735
6938 01:25:00,180 ~-~-> 01:25:02,580
6939 gonna give you 127 and 162 extensions,
6940
6941 1736
6942 01:25:02,700 ~-~-> 01:25:04,530
6943 okay when you Fibonacci tool and that is
6944
6945 1737
6946 01:25:04,530 ~-~-> 01:25:06,270
6947 where you would have your pre determined
6948
6949 1738
6950 01:25:06,300 ~-~-> 01:25:07,740
6951 exit points. Okay?
6952
6953 1739
6954 01:29:51,450 ~-~-> 01:29:53,430
6955 Okay folks, we're gonna give a couple
6956
6957 1740
6958 01:29:53,430 ~-~-> 01:29:56,520
6959 examples real quick with the Fibonacci
6960
6961 1741
6962 01:29:57,030 ~-~-> 01:30:01,560
6963 127 and 162 extensions We're looking at
6964
6965 1742
6966 01:30:01,560 ~-~-> 01:30:03,570
6967 the fiber here. We mentioned this
6968
6969 1743
6970 01:30:03,570 ~-~-> 01:30:05,610
6971 earlier in this video where the order
6972
6973 1744
6974 01:30:05,610 ~-~-> 01:30:09,930
6975 blocks were. And just for a simple,
6976
6977 1745
6978 01:30:10,200 ~-~-> 01:30:12,780
6979 quick review, again, this is assuming
6980
6981 1746
6982 01:30:12,780 ~-~-> 01:30:16,230
6983 that you understand this premise. We
6984
6985 1747
6986 01:30:16,230 ~-~-> 01:30:18,540
6987 have this rally up comes right back down
6988
6989 1748
6990 01:30:18,540 ~-~-> 01:30:19,950
6991 to this order block right here.
6992
6993 1749
6994 01:30:21,060 ~-~-> 01:30:21,660
6995 And
6996
6997 1750
6998 01:30:24,360 ~-~-> 01:30:26,760
6999 again, framing the idea that this is
7000
7001 1751
7002 01:30:27,450 ~-~-> 01:30:30,360
7003 bullish. So therefore, when price
7004
7005 1752
7006 01:30:30,360 ~-~-> 01:30:32,640
7007 returns back into this area, we could
7008
7009 1753
7010 01:30:32,640 ~-~-> 01:30:37,710
7011 reasonably expect to see a rally up. And
7012
7013 1754
7014 01:30:38,040 ~-~-> 01:30:39,060
7015 this is where we
7016
7017 1755
7018 01:30:44,400 ~-~-> 01:30:45,960
7019 see our entry point right in here and
7020
7021 1756
7022 01:30:45,960 ~-~-> 01:30:47,700
7023 saw the optimal trade entry between 62
7024
7025 1757
7026 01:30:47,730 ~-~-> 01:30:50,820
7027 and 79. penetration both and as price
7028
7029 1758
7030 01:30:50,820 ~-~-> 01:30:55,080
7031 rallies up. Okay, before we even see it
7032
7033 1759
7034 01:30:55,080 ~-~-> 01:30:58,050
7035 go beyond this point here. What you're
7036
7037 1760
7038 01:30:58,080 ~-~-> 01:31:02,100
7039 doing is you're looking for You're
7040
7041 1761
7042 01:31:02,100 ~-~-> 01:31:05,040
7043 upside objectives. Okay? And because
7044
7045 1762
7046 01:31:05,040 ~-~-> 01:31:06,630
7047 we're looking for upside objectives, you
7048
7049 1763
7050 01:31:06,630 ~-~-> 01:31:09,570
7051 start with the high and you pull your
7052
7053 1764
7054 01:31:09,570 ~-~-> 01:31:13,950
7055 fib down to the lowest low here, okay?
7056
7057 1765
7058 01:31:14,550 ~-~-> 01:31:17,610
7059 And here's your 127 and your 162
7060
7061 1766
7062 01:31:17,610 ~-~-> 01:31:18,210
7063 extension,
7064
7065 1767
7066 01:31:18,450 ~-~-> 01:31:18,870
7067 okay?
7068
7069 1768
7070 01:31:20,070 ~-~-> 01:31:22,920
7071 And you can see that happened to be
7072
7073 1769
7074 01:31:22,920 ~-~-> 01:31:28,170
7075 fulfilled. You get your 127 here
7076
7077 1770
7078 01:31:31,440 ~-~-> 01:31:32,130
7079 and
7080
7081 1771
7082 01:31:34,260 ~-~-> 01:31:38,820
7083 not too much longer after that. You get
7084
7085 1772
7086 01:31:38,820 ~-~-> 01:31:39,720
7087 your 127
7088
7089 1773
7090 01:31:42,810 ~-~-> 01:31:43,320
7091 right there.
7092
7093 1774
7094 01:31:44,700 ~-~-> 01:31:50,910
7095 Okay. And we have another order block
7096
7097 1775
7098 01:31:50,910 ~-~-> 01:31:53,850
7099 here as price rallies up. You want to go
7100
7101 1776
7102 01:31:56,940 ~-~-> 01:32:00,870
7103 borrow this level here. Okay price
7104
7105 1777
7106 01:32:00,870 ~-~-> 01:32:02,700
7107 rallies up comes back down into the
7108
7109 1778
7110 01:32:02,700 ~-~-> 01:32:06,810
7111 order block. Using the range, here's the
7112
7113 1779
7114 01:32:06,810 ~-~-> 01:32:13,140
7115 low to the high. Your entry point is in
7116
7117 1780
7118 01:32:13,140 ~-~-> 01:32:17,790
7119 here. Okay. And again looking for upside
7120
7121 1781
7122 01:32:17,790 ~-~-> 01:32:21,720
7123 objectives. You would reverse your fib
7124
7125 1782
7126 01:32:21,720 ~-~-> 01:32:26,430
7127 from the high down to the low. Here's
7128
7129 1783
7130 01:32:26,430 ~-~-> 01:32:34,530
7131 your 127 extension and your 162 up here.
7132
7133 1784
7134 01:32:39,180 ~-~-> 01:32:40,110
7135 You see it hits it
7136
7137 1785
7138 01:32:41,520 ~-~-> 01:32:42,150
7139 right there.
7140
7141 1786
7142 01:32:43,560 ~-~-> 01:32:45,120
7143 Okay, we have another order block.
7144
7145 1787
7146 01:32:56,010 ~-~-> 01:32:59,700
7147 Here, price rallies from this low to
7148
7149 1788
7150 01:32:59,700 ~-~-> 01:33:01,200
7151 this high We're not going to draw the
7152
7153 1789
7154 01:33:01,200 ~-~-> 01:33:03,510
7155 fib in here optimal trade entry.
7156
7157 1790
7158 01:33:05,790 ~-~-> 01:33:06,510
7159 The high
7160
7161 1791
7162 01:33:07,859 ~-~-> 01:33:11,969
7163 down to the low. Okay, here's your 127
7164
7165 1792
7166 01:33:11,969 ~-~-> 01:33:16,529
7167 hits it handsomely. And there's your 162
7168
7169 1793
7170 01:33:16,529 ~-~-> 01:33:20,339
7171 extension right there. Okay. So you have
7172
7173 1794
7174 01:33:20,909 ~-~-> 01:33:24,719
7175 multiple examples on a pair that we have
7176
7177 1795
7178 01:33:24,719 ~-~-> 01:33:28,289
7179 been utilizing for this series, but
7180
7181 1796
7182 01:33:28,289 ~-~-> 01:33:30,569
7183 obviously it's applicable to any pair.
7184
7185 1797
7186 01:33:30,839 ~-~-> 01:33:35,399
7187 Okay? And it wouldn't be fair unless we
7188
7189 1798
7190 01:33:35,399 ~-~-> 01:33:36,959
7191 did some downside objectives but don't
7192
7193 1799
7194 01:33:36,959 ~-~-> 01:33:38,099
7195 have to go to a different pair to do
7196
7197 1800
7198 01:33:38,099 ~-~-> 01:33:39,629
7199 that. So let's take a look at the
7200
7201 1801
7202 01:33:39,989 ~-~-> 01:33:43,259
7203 downside objectives utilizing the 127
7204
7205 1802
7206 01:33:43,259 ~-~-> 01:33:47,009
7207 and one two to two extensions. Okay,
7208
7209 1803
7210 01:33:47,009 ~-~-> 01:33:49,379
7211 we're looking at the Japanese yen dollar
7212
7213 1804
7214 01:33:49,379 ~-~-> 01:33:52,829
7215 versus the Japanese yen rather. Okay, we
7216
7217 1805
7218 01:33:52,829 ~-~-> 01:33:56,309
7219 have a high price trades down retraces
7220
7221 1806
7222 01:33:56,819 ~-~-> 01:33:59,669
7223 and moves lower as we anticipate a
7224
7225 1807
7226 01:33:59,669 ~-~-> 01:34:01,439
7227 selling opportunity and we're going to
7228
7229 1808
7230 01:34:01,439 ~-~-> 01:34:03,869
7231 say for sake of argument that we
7232
7233 1809
7234 01:34:03,869 ~-~-> 01:34:06,269
7235 suspected that price would be a sign
7236
7237 1810
7238 01:34:06,269 ~-~-> 01:34:10,409
7239 opportunity in here. Okay. way we get
7240
7241 1811
7242 01:34:10,409 ~-~-> 01:34:13,139
7243 our downside objectives is define the
7244
7245 1812
7246 01:34:13,829 ~-~-> 01:34:19,859
7247 low up in the impulse move. Here are
7248
7249 1813
7250 01:34:19,859 ~-~-> 01:34:22,169
7251 retracement rather from this range here.
7252
7253 1814
7254 01:34:22,199 ~-~-> 01:34:23,999
7255 This is a retracement into the impulse
7256
7257 1815
7258 01:34:23,999 ~-~-> 01:34:28,409
7259 move, retrace. And then here's your 127
7260
7261 1816
7262 01:34:28,709 ~-~-> 01:34:30,839
7263 which it gaps through. Then here's your
7264
7265 1817
7266 01:34:30,839 ~-~-> 01:34:33,689
7267 162 extension. It trades just a little
7268
7269 1818
7270 01:34:33,689 ~-~-> 01:34:35,459
7271 bit beyond that before it bounces again.
7272
7273 1819
7274 01:34:35,909 ~-~-> 01:34:38,999
7275 Again, we are not advocating trying to
7276
7277 1820
7278 01:34:38,999 ~-~-> 01:34:43,049
7279 trade outside of 162 and 127. use those
7280
7281 1821
7282 01:34:43,049 ~-~-> 01:34:47,699
7283 as your guidelines. We have a price move
7284
7285 1822
7286 01:34:47,699 ~-~-> 01:34:50,339
7287 lower or impulse move lower and we have
7288
7289 1823
7290 01:34:50,339 ~-~-> 01:34:53,159
7291 a retracement. Okay. Again, same thing
7292
7293 1824
7294 01:34:53,159 ~-~-> 01:34:56,699
7295 here. assuming this is the range high to
7296
7297 1825
7298 01:34:56,699 ~-~-> 01:34:58,799
7299 low optimal trade entry in here you
7300
7301 1826
7302 01:34:58,799 ~-~-> 01:35:01,949
7303 could be a seller here Where would our
7304
7305 1827
7306 01:35:01,949 ~-~-> 01:35:03,959
7307 objectives be? Well, here's that fulcrum
7308
7309 1828
7310 01:35:03,959 ~-~-> 01:35:06,539
7311 point. Okay? Remember, this is the pivot
7312
7313 1829
7314 01:35:06,539 ~-~-> 01:35:08,189
7315 point when it breaks below that we
7316
7317 1830
7318 01:35:08,189 ~-~-> 01:35:12,749
7319 should see this move, move lower, okay,
7320
7321 1831
7322 01:35:12,779 ~-~-> 01:35:15,029
7323 the highest level would be 200%
7324
7325 1832
7326 01:35:15,029 ~-~-> 01:35:17,579
7327 extension or double the range from this
7328
7329 1833
7330 01:35:17,579 ~-~-> 01:35:20,579
7331 low to this high broken from this low
7332
7333 1834
7334 01:35:20,579 ~-~-> 01:35:26,009
7335 here, down, okay? But sticking to the
7336
7337 1835
7338 01:35:26,009 ~-~-> 01:35:28,199
7339 rules, okay, you're going to be
7340
7341 1836
7342 01:35:28,229 ~-~-> 01:35:32,969
7343 utilizing this swing up, and you're
7344
7345 1837
7346 01:35:32,969 ~-~-> 01:35:35,069
7347 gonna be looking for the 127 and 162
7348
7349 1838
7350 01:35:35,489 ~-~-> 01:35:37,979
7351 extensions as your objectives lower. So
7352
7353 1839
7354 01:35:37,979 ~-~-> 01:35:39,869
7355 if you're a seller here, you'd love to
7356
7357 1840
7358 01:35:39,869 ~-~-> 01:35:44,069
7359 take profits at 127 down here, and then
7360
7361 1841
7362 01:35:44,069 ~-~-> 01:35:47,849
7363 162 down here and scroll over here a
7364
7365 1842
7366 01:35:47,849 ~-~-> 01:35:50,309
7367 little bit more. You can see this is
7368
7369 1843
7370 01:35:50,309 ~-~-> 01:35:52,439
7371 where the price moved and went down.
7372
7373 1844
7374 01:35:53,639 ~-~-> 01:35:54,509
7375 Let's see
7376
7377 1845
7378 01:35:56,730 ~-~-> 01:35:57,900
7379 that price point
7380
7381 1846
7382 01:35:59,190 ~-~-> 01:36:02,280
7383 too low. only move 17 pips beyond what
7384
7385 1847
7386 01:36:02,280 ~-~-> 01:36:05,520
7387 the 162 extension is, and then optimally
7388
7389 1848
7390 01:36:05,700 ~-~-> 01:36:07,530
7391 price returned all the way back up to
7392
7393 1849
7394 01:36:07,530 ~-~-> 01:36:09,210
7395 the area where you were sold. So you can
7396
7397 1850
7398 01:36:09,210 ~-~-> 01:36:11,190
7399 see if you're looking for a 200%
7400
7401 1851
7402 01:36:11,250 ~-~-> 01:36:13,020
7403 extension down here, you would have gave
7404
7405 1852
7406 01:36:13,020 ~-~-> 01:36:14,730
7407 up a really really handsome opportunity
7408
7409 1853
7410 01:36:14,730 ~-~-> 01:36:17,520
7411 to be covering your short and reversing
7412
7413 1854
7414 01:36:19,590 ~-~-> 01:36:21,660
7415 interest just one more example. On the
7416
7417 1855
7418 01:36:21,660 ~-~-> 01:36:25,200
7419 short term. We have a impulse move here
7420
7421 1856
7422 01:36:25,230 ~-~-> 01:36:29,040
7423 retracement, okay find the low up to the
7424
7425 1857
7426 01:36:29,040 ~-~-> 01:36:33,210
7427 high, highest point right there and your
7428
7429 1858
7430 01:36:33,210 ~-~-> 01:36:36,480
7431 127 and then your 162 extension, almost
7432
7433 1859
7434 01:36:36,480 ~-~-> 01:36:38,460
7435 kneeling to the very low of the move.
7436
7437 1860
7438 01:36:39,060 ~-~-> 01:36:40,890
7439 And then obviously you can see the price
7440
7441 1861
7442 01:36:40,890 ~-~-> 01:36:46,170
7443 of the market moved higher. Okay. There
7444
7445 1862
7446 01:36:46,170 ~-~-> 01:36:48,780
7447 are another opportunity of catching the
7448
7449 1863
7450 01:36:48,780 ~-~-> 01:36:51,060
7451 upside here. You see this price move
7452
7453 1864
7454 01:36:51,060 ~-~-> 01:36:54,270
7455 here. Okay, if you anticipate this as a
7456
7457 1865
7458 01:36:54,270 ~-~-> 01:36:58,950
7459 buying opportunity, okay, this is your
7460
7461 1866
7462 01:36:59,220 ~-~-> 01:37:01,800
7463 reference point. On a price swing,
7464
7465 1867
7466 01:37:01,800 ~-~-> 01:37:03,240
7467 remember that first slide we talked
7468
7469 1868
7470 01:37:03,240 ~-~-> 01:37:06,540
7471 about finding the upside objective, here
7472
7473 1869
7474 01:37:06,540 ~-~-> 01:37:10,200
7475 is your fib, pull it down to the low.
7476
7477 1870
7478 01:37:12,300 ~-~-> 01:37:14,670
7479 And then here's your 127. And we just
7480
7481 1871
7482 01:37:14,670 ~-~-> 01:37:17,010
7483 fell short of that once you get to here.
7484
7485 1872
7486 01:37:17,910 ~-~-> 01:37:22,380
7487 And we just might get that on in in the
7488
7489 1873
7490 01:37:22,380 ~-~-> 01:37:25,080
7491 coming days. Or it could be just coming
7492
7493 1874
7494 01:37:25,080 ~-~-> 01:37:26,640
7495 up to fill this gap, we don't know. But
7496
7497 1875
7498 01:37:26,970 ~-~-> 01:37:28,350
7499 on the upside, this could be a very
7500
7501 1876
7502 01:37:28,350 ~-~-> 01:37:32,700
7503 favorable target for very little short
7504
7505 1877
7506 01:37:32,700 ~-~-> 01:37:35,580
7507 term to intermediate term trade on the
7508
7509 1878
7510 01:37:35,580 ~-~-> 01:37:38,820
7511 yen. So hopefully, it's been useful and
7512
7513 1879
7514 01:37:39,150 ~-~-> 01:37:41,250
7515 you guys can glean some insight from it.